Dart Meet Board


“You don’t need a weatherman to know which way the wind blows”-Dylan

Its that special time again where you can get blind drunk, cover one eye and throw darts backwards and hit bulls eyes.  Animal spirits are alive and well it appears.

The Dutch are seeing yields at five hundred year lows and the Germans just issued negative 10 year debt for the first time in history. There are no crying babies in Japan and the average age over there is like a hundred and five. I’m sure they’re fine.

Oil just retreated as stockpiles are building again. There’s a shocker. However copper is ripping here off stimulus, and so is iron ore. Made a pant load in this $CLF stock this week.

Helicopter money is flying in Japan and Bernanke will take credit for that. Why stop at the U.S. when you can advise and help crater other countries and continents.  They’re all so adorable.

For now, markets will forget about how drekish their state of affairs is, and they will buy stocks because once again they have no choice but to do so.

These are fascinating times. Most folks including me have never seen this.  But “ours is not  to question why”, is it? It doesn’t matter why shit happens, just follow it.  None of it makes any sense, but since when does the market make sense? This recent action proves yet again that the market isn’t the economy.

With risk being the order of business, I cant think of a reason why my favorite sector, biotech ($IBB), shouldn’t start really getting stupid to the upside again.

So where does this epinephrine fueled rally orgy take us? If we can close at 2150-2155, I can see targets like 2300-2400.

Although I reserve the right to change my mind in a nano second should the winds change. Although a nuke in Times Square may be the only thing that could change direction right about now.

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