We got some good CPI numbers, a downtick on core year-over-year core CPI. Whew! Monthly core CPI was 0.1%, very good. And year-over-year core CPI was 2.5% vs. 2.7% last month.
Perma-bears are in trouble.
PS: I flipped half my cocoa in this rip this AM around 1980. I still have the other half, expecting prices over 2000.
PPS: Getting some snow now :-((
PPPS: The Alpha Fund is about 150% long & staying that long or longer until something changes.
PPPPS: It's wierd how the bears use anything to sell in a bull market. They're in denial, I guess.
P^5S: I spilled some ice cream on my sweatshort last night & Sky is in my lap, cleaning it. It was no-sugar ice cream, by the way. [ Do you see that exponent on the "P" in the PS? Very advanced, hehe ;-) We baby boomers learned something in school. ]
P^6S: Looks like the real buyers scooped up some cheap stock the virtual sellers dumped & now the bears are covering. I think it's some kind of knee jerk reaction to sell or sell short any pop on good news, but they've been getting punished for that for almost 9 months now. A close here sets up the next leg up.
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18 comments:
Snow ...that sucks. I really hope your bunker doesn't get buried.
It's enough to be annoying in April, but not much accumulation. We should have daffodils by now. This is the coldest spring in my memory of 35 years living in this area. Endless rain, cold, snow, sleet ... Arrghhhhhhhhhhh!
I know the CPI numbers are fake. I've written in this blog how they are doctored. But in the end I use the reported numbers for investing decisions since that's what the Fed uses & that's what are used to index wages & taxes and everytning else.
Until the fake numbers become a public issue and affect inflation expectations, it's not profitable to let the fake numbers drive one's investing decisions.
The TIPs use the nominal CPI to index, by the way, not the core. So they are good as a part of a diversified portfolio. I keep 10% of my big Krypto Fund in them.
I meant it's not profitable to let the fact the numbers are fake drive one's investing decisions. One should just use them.
Exactly. That why I always want to know what 'rumors' are out there. Even though 99% of them are ridiculous, if other traders are making decisions off them I need to know what they are. Of course Bunkerman, I am talking about virtual traders.......something you don't care about. Although it seems that a fair number of your readers are 'fake'.
Not "fake", Bud. Virtual. They are "close" to their anti-trader.
Virtual traders exist in the same universe as real traders, but they just cancel themselves out faster.
You need to learn some quantum field theory. ;-)
die market die
im shorting IMMU in size
needed that IMMU now im up 23 bucks today, but lots of trading to go. after 4 gonna be wild
Uh Mern ... $23 / 8 hrs. = about $3/hr. ;-)
Lmaooooooooo bunkerman
now im down today, stupid IBM buyers. shorted some up 50 cents
oops
thier #'s didnt look that gud to me, but im lucky if i make 3 bucks an hour
take out the $ splat and buybacks IBM missed.
id buy NFLX if the stock didnt act so bad today
and IBM hasnt even given guidance
its tempting to add
die IBM and INTC DIE!!!!!!!!!!!!!!!!!
hitting some at 99 wasnt easy.
covering half
nice
9 hours of work, 400 bucks
thats over 40 bucks an hour, im rich
lol
out of INTC and IBM
made 1200 today
120 bucks an hour aint bad, till i blow it up
;-)
gud nite
ps
listening to ibm cc. sounds not so hot. bascially saying moving more jobs over seas to cut costs.
blah blah blah, weak $ helping, blah blah, international strong USA weak
a real shocker
ibm makes the usa economy sound rather......... whats that word?
staggerlish?
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