Archive for August, 2009

Crude Has a Nosebleed: Postmarket Update 8/31/09

I asked the question this morning, would the bulls buy this dip or were we headed for a larger breakdown.  Well, we didn’t really get either.  If there ever was a perfect doji day, this was it, we went nowhere between open and close while trading in less than an .80 cent range on the [ READ MORE ]

Premarket Take 8/31/09

Everyone will be watching this morning to see if the bulls come out and buy the dip as we are -.66% on the S&P 500 futures.  The energy complex has also come unglued this morning with $CL_F and $RB_F are down greater than 3% and NG_F below 3 bucks a contract. There seem to be [ READ MORE ]

Late Night Humor

To paraphrase Howard Lindzon, “God help us Jews if we break the March lows.&#[ READ MORE ]

Those Who Ignore History are Doomed to Repeat It

Those who ignore history are doomed to repeat it. Why does Afghanistan exert some kind of crazy gravitational force which pulls in all superpowers seemingly at their peak?  I believe the answer to this question is hubris.  Each time the guilty party is of the belief that they have the technology and organizational structure to conquer and pacify this region of [ READ MORE ]

Weekend Reading 8/28/09

Even the bulls wish this market would roll over sooner than later.  If you aren’t wishing you had more long exposure I call bullshit.  No one is long enough and the indexes are wiping the floor with mutual fund managers.  We may yet drop like an elevator without brakes, but that’s what stops are for. [ READ MORE ]

Premarket Take 8/28/09

The dollar’s impending implosion has drawn nearer this morning as Doug Kass sits and weeps in the corner of his office. Then again, what does he care, no one gives a crap about bad calls, whatever. Selling in the dollar picked up this morning and has led to a full fledged commodity romp. At the [ READ MORE ]

When In Doubt, Kill the US Dollar: Postmarket Update 8/27/09

3….2….1….Blastoff!!!  What else can you say but WOW! The market tanked on the open as a roll in crude oil was weighing heavily on everything.  So much of this market is tied to the dollar and commodities right now, there really is no rationale behind equity values.  It seems though that traders are taking EVERY [ READ MORE ]

Mazel Tov StockTwits Ehh

Howard Lindzon is one of the funniest guys I’ve ever had the pleasure to meet and I’m so stoked to be working with StockTwits.  Tuesday was amazing as the whole StockTwits team went down to the NASDAQ market site in Time Square and rang the closing bell.  We also had the chance to meet 20+ [ READ MORE ]

Market Musings

Doug Kass called a top in the market today, for the umpteenth time in the past three months.  I understand the rationale behind this kind of publicity, really I do, here it is.  If he is right, they will name it the Kass top, just as those idiots on CNBC named 666 in the S&P [ READ MORE ]

Positions Update

As I was preoccupied with helping my buddies at StockTwits ring the NASDAQ bell yesterday I wasn’t able to give an update here. I’ll separate my views on the market from what has gone on with the portfolio, this post will serve as a positions update, the next my views. We were stopped out of [ READ MORE ]

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