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One Portfolio Manager Speaks: "Nothing Can Make Me Bullish on Stocks Now"
"Stocks are going up for reasons [investors] don't really want to understand," warns Titanium Capital's Philip Manduca. The main reasoning, reflecting on the market's shrug at Portugal's problems is "We have survived so many crises. What is another," but Manduca blasts "It's a cynical approach. The real problem is the guys who have got the dice in their hands keep changing them. They can do whatever they want. They are making new rules all the time." With that background he say there are good reasons for this market to fall and "nothing can make [him] bullish stocks now." While Janet Yellen should "introduce two-way risk" this week, he reminds us that "she is a political appointee... whose job is make sure they stay in power as long as possible." The problem is - US monetary policy is the world's lowest common denominator and has consequences...
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what a retard
I do not give a sh*t about anyone from Titanium Capital. But Santelli's angry incoherence was pretty funny this morning.
People who's position is being made obsolete (by robots, central banks, or otherwise) get like that.
Santelli ended by screaming "THIS is the model!" (of free markets) that Yellen should follow while pointing at the open outcry floor of the Chicago Exchange.
Rick was not incoherent to me at all. The model Rick pointed to was not "open outcry" which is just one possible characteristic of free markets.
What is the purpose of government? The purpose of government is solely to keep other people from stealing your life or your stuff. When government exceeds those bounds; such as, by forcing you to use U.S. Official Dollars for transactions, Dollars for which they only are permitted to have a printing press with it's attendent capability to fake productive labor, then government becomes the thief.
The Merc is like a dinosaur that should be put in a museum for grade schoolers to see what life was like in the Pre-HFT age.
Correct. Defend our boarders for commerce and insure that everyone is subject to the same laws of commerce.
I say "commerce" because it all comes down to trade.
We have been using dollars to trade in many things, the most notable being oil, which still runs the real economy. As soon as the majority of people on earth feel that they are getting fucked by the dollar, they will bypass it altogether.
What people fail to grasp is the observation that such paradigm shifts occur in an exponential fashion.
When no one wants dollars, a dollar-based government is irrelevant.
You better have a fucking skillset outside of the paper-pushing world.
so this means "strong buy", right?
Investing 101 -- The time to sell stocks is when EVERYONE is bullish.
Is everyone bullish ?
Think carefully about how and what you are reading on asset rotation / net open spec positions on inflation hedged asset classes.
No. I think we are a long way from everyone being bullish.
And on the sixth day, Mighty Yellen introduced two-way risk.....
All I know is that those people who don't understand shit and just bought and hold on in 2008 made a shitload more money than I did...
It's the 3rd freaking time my calls are stopped out on silver and gold in a row... And a donkey only hits himself twice on the same rock so what does that make me...
It's so screwed up. I know some retired bright money managers who took 60-80% losses in 20087 and sold everything when they saw how poor the fundamentals and leadership were and never got back in. Yet, I know some total dolts who never read any financial stuff and who never sold and paid no attention to the entire mess who recovered almost all their losses.
Makes me feel like a star on Hee Haw.
I upped you for the Hee Haw reference.
"Gloom, despair and agony on me,
Deep dark depression, excessive misery,
If it weren't for bad luck,
I'd have no luck at all.
Gloom, despair and agony on me.
Corny jokes, babes, and talented musicians. First-class television, but unacceptable because southern accent.
"All I know is that those people who don't understand shit and just bought and hold on in 2008 made a shitload more money than I did..."
really and who might those people be???
the mom and pop retail investor thats buying cat food cause they were wiped out in 07-08' before the Fed bailed out their shareholders and left everyone else fucked???
and what does that "shitload" look like after capital gains tax, commission or other fees, and adjusted for real inflation???
and then what do you end of with - more green pieces of debt that buy less, and less, and less...
and why r u attempting to trade the only 2 forms of real money in the rigged casino the MoneyChangers control and use on the daily to rob u and everyone else blind...
u should know they aint got no real Silver or Gold and all you gotta do is buy the PHYSICAL then sit back, relax and laugh at their phony paper games...
just sayin' man...
you'll never see it admitted by the Tylers, but if you'd followed their rhetoric in 2009 instead of BTFD with both hands you'd have lost money... sorry, it's the plain truth but they'll never fess up to it
anecdotal evidence... CAT... if you'd run away from CAT every time they got dressed down here you would have lost your shirt... instead I'm looking at a four bagger that's done nothing but increase dividends since I bought it... for a company that's supposed to have one leg in the grave and another on a banana peel, they're sure doing a hell of a job of making me money...
try it sometime... use RThedge as a contrarian indicator... I think the results may surprise you...
Gold & Silver are tools for chumps, you are chump change.
Those metals, their prices are controlled, any money put into those is "parked" in a controlled environment that YOU DONT CONTROL.
Dont forget we're at war with Russia, and when you wage war with Russia you try & suppress Gold & oil, oil is hard to suppress, no so much gold, most gold is for.......decoration
THIS IS ALL SO BULLISH!
There's only one safe place to get your oil and natural gas right now.
Everyone else is going to war.
I think the plan for the middle east is pretty obvious...
I never understood why the US started drilling on it's strategic oil a few years back.
Now it's clear, they want to torch the middle east without crippling the US itself.
What's clear to me is this ISIS thing was designed and weaponized by the USA. My thought is the Saudis are thinking about taking payment for their oil in other currencies so the USA dreamed up this ISIS thing to keep the Saudis in line. Obama was just trying to get another 500 million to help arm the "Syrian Rebels" (aka ISIS)
And the fact that Isis is selling the oil they capture is also telling.
If they really where against the west, they would just blow up the wells and frack the holes by pumping in a explosive.
Oh bullshit. Yellen could appear on CNBC and prattle on about keeping ZIRP for another year or two extra and this twerp would submit a giant S&P 500 buy order. Fuck these clowns. He would load up on dung futures if Yellen wanted him to.
The refrain of a short squeezed!
On my tablet the above post concludes with photographs of women indulging in sexual foreplay.
who the fcuk is titanium capital? every time it seems like ZH has scraped the bottom of the barrel with no-name (& no clout) apocalyptic portfolio managers, they find some other clown
Hopefully, that guy holding a gun to your head to make you read ZH will fall asleep so you can click over to CNBC.
I'd wager everyone on ZH has family and friends who don't get 'it'. Whether this is a slow grind to third world mediocrity or a war, both are sad results of yielding our sovereignty to a central bank and the century of dumbing down the western populace. While sad I don't really mind - I've convinced my wife to buy an apartment outright in a sleepy area of a third world country. This supertanker can't be turned around in my lifetime.
When are you sending your wife off to the apartment? So what makes this sleepy area of a 3rd world country a better bet than a sleepy area of the USA?
Damn good question! Wonder what the locals in that sleepy 3rd world country will start thinking of the expats once they start feeling the sting of America's decline?
The sleepy 3rd world country is too poor to monitor your every movement.
Wise move.
when you say thrid world, dun forget we live in one RIGHT NOW!
This guy is looking like a fool.
If you want your oil you can keep your oil - translation, "We want your oil and will take your oil."
Here, if you have a milkshake, and I have a milkshake, and I have a straw. There it is, that's a straw, you see? Watch it. Now, my straw reaches acroooooooss the room and starts to drink your milkshake. I... drink... your... milkshake!
They'd be wiped out if they were trading the MERVAL! +300% Y/Y!
the zionist printers are totally predictable, an open book, as reliable to lie as Obama