The PPI number will be important today, but Tuesday's CPI number is more important. I thought yesterday's unemployment claims were a little high. If that persists a few weeks we might see more softness that will keep the Fed in its cage.
There has been some modest liquidation in some commodities recently: corn, soybeans, cocoa, cattle (ugh! on that one). Some justified, some not vs. fundamentals. I'm not sure what it means ... yet ... if anything.
India was strong overnight, up 2% on the BSE Sensex.
Energy stocks have a tiger in their tank lately. XLE is at all-time highs. As these stocks correct violently when the beefers sell/rotate, I am contemplating a XLE short hedge sometime. I am holding my energy stocks long-term, so would use the hedge instead of selling. No decision on when or where. Just thinking.
Often when I start thinking how much money I am making in stocks, that signals a top. I've been fighting those thoughts, but that does creep in once in a while. I am building a mental wall to keep those dangerous thoughts out. I just thought I would mention it. I don't think it's a "little birdie signal" yet.
Sure looks like gasoline will go to all-time highs this summer. I'll be surprised if it doesn't.
PS: Good core PPI number. Now we need next week's core CPI to follow.
About Me
- Bunkerman
- I have a pioneer mentality. My wife & I live in the woods - neighbors aren't visible except slightly in winter. Our "bunker" - hehe, really a fine home & barn - has plenty of security. We have four dogs: Krypto (age 9, Kelpie), Ava (age 13, Rat Terrier), Sky (Kelpie, age 5) and Lucky Star (age 1, kelpie). I don't take crap from anyone anymore, having enough resources & gear stocked up to survive in any circumstance. I have three degrees from Harvard including a Ph. D. in a physical science, and an MS in Management from MIT. I worked as an investment banker for about 25 years, mainly in secured finance, at three major Wall Street firms and for the last 17 years with my partners at our own firm. I'm semi-retired now, managing some private corporations and business interests and doing my own trading & investing. This is not to boast, but to give you an idea I know a little about some subjects from experience. The photo is my 1943 M16 half-track which I am restoring. These armored vehicles were ubiquitous in the US Army in World War II and Korea. It's driveable.
13 comments:
that INFY worked nicely even though guidance was below jay's expectations (just a tad).
all out. 100% cash and ready for a weekend
did i hear this guy say rush doesnt put his foot in his mouth like Imus?
i have a question for this dude. can i buy some of what your smoking.
"values over profits"
lololololol
USD 81 handle
ppi rofl, nice massage
Rush sure had foot-in-mouth disease when he was on drugs.
And on the Monday Night football gig.
I never listen to him anymore - worthless.
consumer expectations of inflation ramping.
reality becoming perception?
3.3% my eye, multiply that time pie
:-)
covered my shorts. seems like u have to on every decent rinse.
after the shorts and INFY long, i shud work away right now.
Just got my Form 2210 done to prove I owe no penalty or interest. What a complex form! I wrote a spreadsheet a couple years ago, but inputng the numbers is a lot of work.
Last to do is fill out the state form.
That's bull market action, Mern. Real buyers do it on the dips ;-)
big positive stoch divg, positive NNI
but if im buying the dips, ie covering shorts, doesnt that make me a virtual seller?
;-)
Mern, you are so virtual that you can't be measured ;-)
Your selling is a virtual seller and your covering is a virtual buyer. You are your own anti-particle ;-)
Uh, that's "virtual", not "virtuous" ;-)
u sound like my wife
:-)
lol.
Have a good weekend.
I finally got my taxes done. Whew!
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