Tuesday, October 30, 2012

SANDY IS DANDY

That should just about do it
No worries. Its just around the corner. Just a little more mountain to climb. Only a little higher and its BREAKOUT. Its 2007 all over again. Its another breakout moment finally for all of us long suffering "bulls". Forget Ann Barnhardt .....forget ZH.......this is one for the ages coming. Perhaps the earnings and revenue misses this quarter may give some bulls pause. Maybe even the massive insider selling and unemployment may give you some concern. Sure.....we have some problems but with confidence being restored in virtually all sectors of the "market" dipping your toes into the "water" may be just the therapy for a long suffering "investor". After all your money isn't doing to well in fixed income investment vehicles in a ZIRP world.

Can the above missive be possible? Can we really be entering a "Bull Market" breakout? Your answer is already in front of you...........OF COURSE!!!!!!!! YOU ARE IN A BULL MARKET!!! It is completely counterintuitive with a massive global collapse occurring simultaneously...nevertheless it is a bull market. The real question is when does the rug get pulled out from under you. The massive run to this point has been on the back of the Fed's money printing and it CAN and MAY go higher. THEY can print a "breakout". They did in 07 and '73 before they collapsed the bloated pig. You load the sheep up and send 'um over the side.

The hurricane provides some diversion and speculating on its origin is a waste of time. Nature or man-made the results are the same. Right now the war is between the factions vying for supremacy after the real wash-out that is coming. Jockeying for control of the assets that will determine the next economic cycle will continue behind the scenes and gold and silver are just a couple of the players. They are important players however but they are still under the control of the system from the paper perspective. You were given the opportunity to accumulate both PMs during this last year long phase of consolidation. If you did not because you were paralyzed with fear then do not feel bad.....its the game. Will the stock market break out? I hope so. That means the price of PMs will be held in a range for awhile longer. Giving me more physical is the only real game. gl  all and gl to the East Coast gang. My hedgee gang said it was wild in Manhattan last nite.

16 comments:

  1. Great news Ryan...so sorry about New Jersey. Daughter & family still have no power, luckily have a generator. Not sure when schools will reopen, but of course the NYSE Had to open for Mo. End. Just saw Argo, recommend it although could have done without Jimmy Carter claiming some responsibility at the end...esp. since the other hostages were held for 444 days! Weather here still nasty, wind blowing hard for 4 days but should be better tomorrow. Lots of snow in the mountains (about 2 hrs. away), earliest ever for a significant amt.. Global warming/cooling simultaneously.

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  2. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/10/30_Richard_Russell_-_Big_News_For_Silver_%26_Frankenstorm_In_Stocks.html

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  3. Phil Davis wrote today that damage estimates for Sandy are estimated to be 20 billion. He believes the cost will be 50 to 100 billion. Not all will be covered by insurance.

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  4. Just noticied the cover you posted..."stocks are healthier today" hehehe. Whatta game.

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  5. No gas in my area. Most stations without power, and the ones that due have power have run out of gas. There is one station in Morristown which is open. They have at least 100 cars waiting to fill up. A few more days like this, and a real panic will start.

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  6. Thanks for the SVM chart.

    Ryan, hopefully help is coming.
    I have a sister that lives in New Jersy, and we still can't reach her or her husband. Both cell numbers and the home phone not working. We believe they are fine, but communications are still down.

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    1. Yeah Doc, communication is hard here. I have power and internet at my garden center. House is out. I'm in morris county which is about 35 miles from NYC. What town is your sister in? I might be able to let you know what is going on.

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  7. I have very close family in Soho and its third world with no electricity........lots of things piling up....

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  8. somebody does not want you in AUMN.....hehhehhehehehe.......big move in miners however......looks like somebody wants to jump the month

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  9. Doc,

    Bergen County was hit hard with the wind like my area. Down trees everywhere. I'm sure her power is out. Cell service keeps cutting in and out. I'm sure she is fine, but may be a few days before you here from her. My wife is a high school teacher, and her school is canceled for the rest of the week. They allotted 3 snow days for this year, and they have now used 5 for the storm!

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  10. Thanks Ryan.

    She & my brother-in-law are very resourceful. They will get thru it.

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  11. No damage to da home gen power only and finally got 4g service, 2 towns away south shore LI a farking mess never seen anything like it, lotta pain for so many down by the water, will get you photos when i can. Thought I was prepared gotta but rethink the fuel storage gas is more valuablethan gold right now

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  12. SVM starting to act like cup and handle...

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  13. Glad you are in good shape Tom. A good lesson from you about the gasoline for the gen-set. Propane for the bbq and lantern. I quess if you live in a high rise some 5 gallon buckets to flush the toilet now and again.

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