vacation

Been on vacation since the 17th. Had a pretty good time in hk, now in taipei somewhere. Gonna post some pics later, either here of on facebook. Anyways good to a rally while I've been away.

AAV

index

It's almost hard to believe that the S&P is above 1000. Haven't seen that number in a long time. Wondering how long the rally going to go. Up to 1200? A bit uncertain of what to do. It seems like Wall Street is recovering well, however Main Street and the average American, seems to be still going through a hard time. A lot college buddies just graduated recently, and according to them, the job market is pretty low.

Riding the wave up, but I don't have any hedges for the downside right now. I'm getting a little uneasy as we go higher and higher. ehh... let goo!!!!!!! rally!!!!!

Let rally....hahaha

We been rallying for a few days nows. haha nice to make some money. Here's some of the reasons we're rallying.


Taken from Zero hedge.

http://www.zerohedge.com/article/new-wall-street-reality

GM chapter 11 = PRICED IN
125K+ jobs lost from GM chapter 11 = PRICED IN
unemployment @ 9% = BETTER THAN EXPECTED
unemployment @ 10% = DOW SOARS
unemployment @ 11% = GREEN SHOOT RALLY
unemployment @ 12% = ALREADY FACTORED IN
unemployment = 35% = DOW DROPS 100 POINTS
housing price =1% = RECESSION ENDING
housing collapses = GREEN SHOOT
Housing falls 20% = STABILIZATION
Government spends 1 trillion of OUR dollars = STIMULUS
North Korea fires nuke = RALLY
Israel bombs Iran = 30 MINUTE END OF DAY RALLY
world explodes = ASIA RALLIES
PMI crashes = HUGE RALLY
No jobs are created = RECESSION ALMOST OVER
U.S. debt overwhelming = TOO BUSY RALLYING TO CARE
Consumer stops spending = RETAIL RALLY
Banks are insolvent = SIGNS OF STABILIZATION
American auto industry BK = GOOD THING
Banks pass scam stress tests = HUUUUUUUUGE RALLY
Banks "only need 75 billion = OUT OF THE WOODS
Banks pass a real stress test = NEVER WOULD HAPPEN
Banks pay back tarp = LATE DAY SURGE
Banks can't pay back TARP = EARLY MORNING SURGE
12% mortgage delinquency = GOOD FOR STOCKS
Hundreds of thousands of mortgages underwater = HOUSING BOTTOMED
Dollar rises = RALLY
Dollar crashes = RALLY
Inflation = BULL MARKET
Deflation = BULL MARKET CONTINUES
REFLATION = MASSIVE SHORT COVERING RALLY
Gold rises = STOCKS RALLY
Gold falls STOCKS RALLY BIG
Banks' fake earnings = SIGNS OF STABILIZATION
CRE stabilizing= 1000 POINT RALLY
CRE CRASHING = STOCKS SHAKE IT OFF TO RALLY
CONSUMER INSOVENT = CONSUMER IS SPENDING
OIL @ 50 = BULL RALLY
OIL @ 60 = GREEN SHOOT
OIL @ 100 = IMPORTANT RECOVERY SIGN
OIL @ 20 = TAX BREAK

And the one we should all interpret correctly:
NO ONE IS BUYING STOCKS = BILLIONS ON THE SIDELINES