What happens to da dollar (buck) after everyone with a brain takes their large accounts outta Europe's troubled banks, huh? Anybody? Help me out here, okay? I'm just a country econometrician and flunked money and banking four times, like Timmy Da Tax Cheat Geithner. When da "Buck" makes new highs against da euro, cause of all da scared money coming to da freaking FDIC, can sumbuddy tell this here olde Bear how that's good for US companies doing business in Europe., huh?
C Yaz - Da Bear Cares [CGDGE] ( I can find a cloud in any silver lining. I think we're stuck in da middle on this hype anyhow. Who wants to dump and pay 39.5% ordinary income on short gains, huh? This has gotta end sum tyme, but, like da rest of Yinz, I HATE PAYING TAXES!. )
Da Bear just learned that Kenny Boy is exitiing stage right for selfish reasons, he wants more money. He agreed to depart da BOD so that E-Tub could be sold off.
E-Tub will soon be sold. AMTD will enter da first bid, BUT, Chucky may bid now that Kenny's gonners. I hear that they-and they know who they are-will offer up $15/share in stock. Da onlyest details to be worked out is how much Da E-Tub BTO's get when they get kicked out. E-Tub said bye byes to da poison pill last year.
C Yaz - Da Bear Cares [CGDGE] ( Hey Pilgrims, Yinz don't have to believe this, BUT, if it realy does happen, please don't turn me into to da SEC, just consider it a lucky guess, okay? Oh, BTW, I'm buying 5,000 shares Monday. My current position is ZERO. )
SumBuddy there is that wants to buy this leaky E-Tub, without Kenny Da Evil Griffin. Don't get a hernia pressing da buy button yet Pilgrims, it will take till October before they can iron out da details.
C Yaz - Da Bear Cares [CGDGE] ( Sorry I don't have tyme to bug Yinz more, but, a Dude left this place for a higher paying job and they dumped all his courses on poor olde Bear. I'm full tyme, fore now, but after this semester, I'll be a free man again. Woow to thems that are Long when Da Bear returns. )
Low volume often means bad news for stocks, however, it's different this time and here's why. Since 2008, many Pilgrims were flushed outta da market in panic raids, which reached a bottom on March, 9, 2009. Most of them there Pilgrims will never return and curse da day they ever invested in stocks.
Anybody who held index stuff-like SPY-and didn't dump, made better than 10 year TB interest during da crash, plus buku cap gains, which probably weren't taxed. So, who's left, huh? Anybody? Okay, I'll tell yaz: Pilgrims who will never sell, institutions, swing traders and hedge funds who have been on da wrong side of this market for 4 years.
Hey Dudes, who in their right mind would sell and be forced to pay cap gains when they probably have cash to avoid da taxman, huh?
With few sellers and slightly more than a few buyers-supply & demand-Adam Smith told it like it is almost 400 years ago.
I'm not exactly sure what % da retail hold till death market is, but, with few sellers left, stocks are better than GOLD.
C Yaz - Da Bear Cares [CGDGE] ( I uppity Huge and wanna exit, BUT, no weigh I'm gonna help Bro Obama on da revenue side. Screw em, hold to death do ya part. )
It's been quite a run from March 9, 2009. Back then I was down $855,321.02 and da spouse was nagging me to go ALL OUT. We have indexes and large caps, I argued, they always come back. Then she referred to her sister, da smartest money guru in da state. She dumped it all when da Da S&P500 was 800. My brother, another genius, bailed at S&P500 720 and never looked back. I figured I'd have to work until I was 90, but, I wasn't selling.
Lets see here. Yep! Counting dividends I'm uppity $1,332,132.67, and still holdiing-SPY, GE, Au-da real stuff, INTC and SBUX. Here's da problem, I'd like to exit stage right, everything, right now! Unfortunately, I can not figure out where to go that's better than stocks. Couple that with taxes on about half a million bucks, 39.5%-I bought options that ruined my long term cap gains status.
Okay, so where do da rest of you geniuses that are so down on this market go when you retire from this sport, huh? Anybody?
C Yaz - Da Bear Cares [CGDGE] ( Thinking about spending it all sex and booze, while they're still cheap enough that I can afford em. )