Sunday, August 19, 2012

Call me when the black gold runs out bugs, then I'll jump on board with you cockroaches.....

As far as the equity market goes, here again, it's all about the Oil.

New highs?  In the face of vanishing GDP, contracting earnings, and zero net job growth......this I've got to see.......and don't give me that nominal QE induced reflation trade meme......oil creeping back up towards $100 keeps a firm lid on that pathetic “printing your way to prosperity” scam.

$130 oil, $20 chickens, and $10 Pop Tarts.....in a slowing global growth environment to boot.......you can't be serious........print baby print........common Benny I dare you......make my day......

An economy that has been primarily based on consumption fueled by bogus debt creation for the past 25 years will not stand.......the free ride is over.......end of the line.......same as it ever was.......

Nothing really matters much now;  it’s doom alone that counts............

Tuesday, August 14, 2012

$CLF short:

-- Tim Knight trade.


Charts below: