Archive - Aug 2011 - Blog entry

Roll up, roll up for the Ministry of Debt Tour...

Things will be happening in the next 24 hours.

Texas Governor Rick Perry suggested in Iowa today that should Bernanke "print more money" before the election that it would be treason. Treason is a capital offense.

Speaking just now in Iowa, Perry said, “If this guy prints more money between now and the election, I dunno what y’all would do to him in Iowa but we would treat him pretty ugly down in Texas. Printing more money to play politics at this particular time in history is almost treasonous in my opinion.” Treason is a capital offense.

No, Mr. Krugman ... war is NOT good for the economy!

When you combine these patterns with the light volume that has occurred throughout this latest move upwards as well as the fact it’s moving on rumors (seriously, Eurobonds? You think Germans are going to support this?), we’re very likely going to see a reversal in the near future culminating in new lows for the year.

Big picture: I warned to get defensive several weeks ago. Stay defensive now. This snapback rally is not the start of a new bull market rally. If anything, the volatility of the last week has made it evident that we’re back in a 2008 environment: you simply don’t see 3-4% price swings on a daily basis in a healthy market.

Happy days are here again... 

If history is any indicator, Google may be poised to hit the ball out of the park with the Motorola Acquisition. Remember Moto has more patents than all phone manufacturers (nearly combined - Nokia, RIM, Apple). Motorola made 1st mobile phone - that briefcase-like device - as well as the first 2nd generation banana phone, then early flip phones. Assume the possibility to break many other vendor strategies, revenue streams and business models with their patents.

Citigroup makes the circular argument credible! Well.. Sort of.

Let's get the week off to a good start. Let's make $200 million by Friday! Plenty of oportunity!

Can you say giant cover up, kids?  I knew you could ...

Dr. Copper, that metal with a Ph. D.  in economics, isn’t looking so hot.  In fact, it is at a reasonable risk of breaking down thus highlighting the current risks in the global economy.

The new double AA credit status assigned by S&P has put the U.S. in the same category as China.  But one consolation for the United States is that the country's high socio-economic resilience has placed the U.S. at a more favorable investment risk position than major emerging economies like China and India. 

Freedom on funding, shorting, positioning and more.