everyone says the bond bubble blows. doug kass went heavily short bonds this week. larry was laughing at us bondholders.
i say people are morons. stock bubble blows long before bond bubble does. as stocks tumble, bonds will only go higher. when the 10 yr drops under 1% and 30 yr nears 1.75%, i'll consider selling my TLT because the profit potential will largely already been achieved.
" The comedy continues"
yep. i'm just sitting here laughing at this.
people that get hustled dont realize it's a hustle until ALL their money is gone.
btw, the hustlers never give the money back.
i remember buzz asking that question last yr. well, larry was buying GS at $210 on this date last year. so, it seems only really dumb people that enjoy being hustled are buying......
fwiw, pm king says go ahead and buy gold and silver. there may be minor dips, but the trend is clearly in the bulls' favor. i will consider buying some gdx should it drop near $25.....
because money keeps being dumped into the one asset that guarantees payback....
and is the one asset larry refuses to buy.
good enough for me to stay long bonds. watching 2.22 yield on the 30 yr. that is the all time low. we just dropped under 2.27 for the first time in 18 months.
which is quite shocking, because according to CNBC and futures, everything has been fixed and bonds should be selling off now. or, they are just going after the gap down from yesterday?
shocker. soros actually made money:
"“Because of his generally bearish outlook on world markets,” Soros did profit from other investments, according to the statement."
soros knew brexit was going to win. if i knew, "they" knew. they even killed a politician to try to get the sympathy vote.
"Pour your money into gold and bonds LOL"
bond yields hitting new all time lows and larry is laughing at us while we are making a killing holding bonds (TLT).
he prefers to hold RIG from $87 to $10 and GS from $220 to $139.
while some think this is an over reaction to brexit, i think this is the market finally waking up out of its 7 year coma induced by cb bailouts, lies and printing money.
when everyone is on the same side, as they clearly were at thursday's close, there really was only one possible outcome.
" market was 110 % surprised at the vote no one saw coming."
so, everyone was piled into the wrong side of the trade? shocker.
btw, i called it on thursday. even bought more uvxy ahead of the vote. i guess i'm the only one who did see this.
3% is a crisis?
Wake me at 25%. Tlt will be 150 and gs will be 110.
whoever gave you the thumbs down, i applaud them.
you didnt complain 1 bit when stocks rallied for 5 consecutive days after a woman was brutally stabbed to death in britain.....on the hopes that the brits would vote remain because of her death.
and then you have the audacity to makes those comments after stocks revert back to the levels they were at when she was stabbed? really?
you really need to gain some perspective.
i told you guys yesterday. gbp was about to plunge and gold/silver would surge today.
bond yields have been teetering on the edge for weeks. i think there is still a lot of downside for US treasury yields as money flows into "safe haven", which will only exacerbate the situation as a strong USD kills commodities and EM's.
afterall, they were able to hike rates a whopping 25 bps in the last 8 years of "strong economic growth". yellen can whip that out of her size 58 brown slacks at anytime to give stocks a 5-10 point boost.
"Remember black friday 1987? Delta are you saying todays bloodbath is just the beginning? Or do you expect things to get worse monday? Just wondering"
i dont care about the short term gyrations. i care about the med-long term. and i see a much lower low than 1800 coming this summer.
"If I do anything else today it would be to look for any bargains."
1 thing i remember from rq (i think it was rq that said that): "markets never bottom on friday".
"LOL as the ES over-reacts to a vote that is meaningless to US stocks."
with EVERYTHING being intertwined, how can one make such a ridiculous statement? after the US stocks rallied with each new brexit poll, how can one make such a ridiculous comment? after seeing greece bailed out 28 times in 5 years ramping stocks over 2% every time, how can one make such a ridiculous statement? with EU about to plunge into a massive recession, how can one make such a ridiculous statement?
btw, looks like the charts accurately predicted this. bonds yields crashing, pm's soaring and sterling tumbling. all just as i said.
now i have 2100 uvxy.
if brexit wins, i make money. if bremain wins, rate hike in july. its a win/win. will i get my money tomorrow or in a few weeks is the only question.
the charts actually favor brexit. the weekly and monthly on GBP/USD has been putting in a healthy bearish flag. gold and silver are primed to break out higher.
i have an order to purchase 300 uvxy at close, just in case brexit actually wins. if remain wins, i lose a few hundred bucks. if exit wins, i make a few thousand bucks. i like the risk/reward this presents.
the fed pulls money up the ladder. how many boomers have actually retired? very few. many lost their retirements/pensions as jobs moved overseas, companies' pensions went bankrupt and the fed destroyed stocks in 2001 and 2008.
stocks havent gone anywhere in the last 20 months. bank and energy stocks have taken a huge hit. transports too.
a few bulls have made money. not 1 of them on this board. buying stocks because an expected outcome is realized is as dumb as it gets. its a selling opportunity. not a buying opportunity.
theres just very limited upside vs very large downside potential at this point.
this "bremain" vote will be a great selling opportunity for those with gains.
for those with losses, they could sell to minimize losses. july and aug were ugly last year. they will likely be unfriendly for bulls again this year.