Deleverage Me

The market is more nervous than a hooker in a confessional right now. The sell off in the euro means business and the globe is in “shoot first ask questions later mode”.  It goes down as I write this.  What a crazy day today. We had a Russell 2000 re-balancing and stocks were all over […]

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Here’s What Will Happen

First of all, these fucktards in Europe need to get a grip. Neo- nazis, New Socialists, New Democracy, bite me. The Sriza party sounds like bad fucking red wine. The walls of Greece are covered in graffiti that reads “For nothing-against everything”. Know what? Go drink Drano. Your act is tiresome. You miserable entitled bunch […]

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Euro Pop…Sort Of

The euro ripped higher last night on news that New Democracy party was taking a lead in the polls. The speculation is that they may actually win in the June elections. It’s too early, but the euro and Greek stocks liked it. Earlier, Athens Stocks were up 7.15%, Banks surged 7.14% – Alpha 11.45%, NBG […]

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A Jog On the Banks

Jim O’Neill from Goldman Sachs spoke at a hedge fund conference in London back in January when the euro was trading about where it is now. The euro hadn’t broken the 1.26 figure back then, but it was perilously close. He asked for a show of hands regarding the future direction of the currency. About […]

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Morning Look 5/24/12

{+++} Yesterday the market staged a magnificent rally off the lows.They never ring a bell at tops or bottoms, but the market bottomed about 12:30 yesterday and started a rip at around 2:40 PM. Below is a view of yesterday’s 10 minute SPX chart. There comes a point where the market grows weary of the […]

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The Wrap 5/22/12….Know Your Pivots

{+++} The market took some profits today after yesterday’s nice pop. The market broke hard to the downside today at around 2:30 from a combination of news events. The first was a headline out of Greece and the second was from a rumor that Patriot Coal was announcing bankruptcy.  The latter was a rumor, but […]

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The Wrap 5/2/12

{+++} Well it was a good ay for Wall St. as the dip buyer stepped up aggressively. Please check the P&L for any updates as usual. When markets get as oversold as they were on Friday two things happen, we crash or find a short term bottom and rally. The market is still in a […]

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