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Dammit… one of you stepped on a twig and scared it. I left some bait out in the open but it’s not coming back.
Shit. We’ll I guess we’ll just get back to our giant circle jerk consisting of a bunch of New Yorkers pretending we know what life is like outside of the city limits.
Any friend of yours is a friend of mine, Bif. Besides, I’ve made money fading Cramer several times.
The only time I ever followed through on his reccomendation was EMR, OUCH!
G10, it’s a TV persona. He’s way more soft spoken in person. He’s also an extremely friendly and nice guy (although the folks who used to work with him at Goldman and later at his hedge fund may have a different impression. Apparently, he used to be quite the task master).
M4L, I am not Chinese, but I have no problems on buying equities on a powerful breakout. This means new highs. I have a few stocks, bottom pioked a few like Citi which was pathetic. My old company which kindly gave me stock – Merrill/BofA — barely moved from the lows, glad I got rid of that crap, what it appears is that not only are we struggling with a recovery, but all the markets are going through a period of sharp de-levering and even commodity markets which one could say should be reflecting a lot of constructive fundamentals are lackluster. This is thanks to the new regulations, or should I say the anticipated implimentation of the new regs, although nobody knows quite how that will shake out, particularly in the markets I know something about – commodities. The exception is gold. And this is a story really about diversification, fear of the markets, low interest rates, people looking to find something ELSE. I love listening to Lech opine on gold.
But D-Cat, what I would look for in a gold sell off is a decisive breakout in equities which won’t happen here for a while, I don’t think. I think this is going to be a slow and painful recovery. If the S and P makes new highs, you can sell gold, but I don’t see that happening.
BTW, I got so aggravated by this guy giving a presentation the other day — the Director of market supervision of the CFTC, who supposedly supplied the “expertise” to Congress on the new regs for commodities. It scares me to see the how the market witchhunt, post-crisis, is going to play out in our industry. Such intellectual dishonesty. So nobody wants high prices in commodities. Suddenly we don’t like markets. But I digress.
The other dude wasn’t there today. We had a great conversation that covered lots of things.
Baryy has coined the term “recession porn” which basically chracterizes BHO. He sees too much focus on recession and depression talk and not enough awareness that we’re far from that. He got wildly bullish in August.
I’m buying KNOT ahead of the analyst meeting next week.
Dammit… one of you stepped on a twig and scared it. I left some bait out in the open but it’s not coming back.
Shit. We’ll I guess we’ll just get back to our giant circle jerk consisting of a bunch of New Yorkers pretending we know what life is like outside of the city limits.
Hey! There’s a real live Iowan over in the urban farming thread! Shhhhhhh….. don’t scare it but if you tiptoe in real quiet it might still be there.
Getting investment advice from CNBC is like taking medical advice from Doctor Phil or letting Tyra Banks be your spiritual advisor.
SQOTD #2:
If the product says “Do not use if seal is broken”, how are you supposed to open it and use it?
Any friend of yours is a friend of mine, Bif. Besides, I’ve made money fading Cramer several times.
The only time I ever followed through on his reccomendation was EMR, OUCH!
G10, it’s a TV persona. He’s way more soft spoken in person. He’s also an extremely friendly and nice guy (although the folks who used to work with him at Goldman and later at his hedge fund may have a different impression. Apparently, he used to be quite the task master).
M4L, I am not Chinese, but I have no problems on buying equities on a powerful breakout. This means new highs. I have a few stocks, bottom pioked a few like Citi which was pathetic. My old company which kindly gave me stock – Merrill/BofA — barely moved from the lows, glad I got rid of that crap, what it appears is that not only are we struggling with a recovery, but all the markets are going through a period of sharp de-levering and even commodity markets which one could say should be reflecting a lot of constructive fundamentals are lackluster. This is thanks to the new regulations, or should I say the anticipated implimentation of the new regs, although nobody knows quite how that will shake out, particularly in the markets I know something about – commodities. The exception is gold. And this is a story really about diversification, fear of the markets, low interest rates, people looking to find something ELSE. I love listening to Lech opine on gold.
But D-Cat, what I would look for in a gold sell off is a decisive breakout in equities which won’t happen here for a while, I don’t think. I think this is going to be a slow and painful recovery. If the S and P makes new highs, you can sell gold, but I don’t see that happening.
BTW, I got so aggravated by this guy giving a presentation the other day — the Director of market supervision of the CFTC, who supposedly supplied the “expertise” to Congress on the new regs for commodities. It scares me to see the how the market witchhunt, post-crisis, is going to play out in our industry. Such intellectual dishonesty. So nobody wants high prices in commodities. Suddenly we don’t like markets. But I digress.
We haven’t discussed GS in quite a long time.
The other dude wasn’t there today. We had a great conversation that covered lots of things.
Baryy has coined the term “recession porn” which basically chracterizes BHO. He sees too much focus on recession and depression talk and not enough awareness that we’re far from that. He got wildly bullish in August.
I’m buying KNOT ahead of the analyst meeting next week.