Sunday, May 30, 2010

5/30/10 Desolation Row/ Paul Farrell on the 2012 Collapse


Bob Dylan - Desolation Row Live (1966)

Kern ( I Want to Be Dylan ) Little | MySpace Video


You remember this guy- he of The Lazy Portfolios. He's turned bearish in a big way this year.

(a) 'Lazy Portfolios or a 2012 Collapse: It's OK to believe in both'

http://tinyurl.com/27hkdbz

(b) 'Six investing rules for a worst-case scenario'

http://tinyurl.com/2fbqb7o

(c) '12 ways to cash in on the 'collapse of Eaarth'

http://tinyurl.com/299m2sw

And his latest, which is generating a decent amount of buzz:

(d) 'Warning: Crash dead ahead. Sell. Get liquid. Now.'

http://tinyurl.com/394pwm9

This stuff is addictive, man.
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13 comments:

  1. MarkWMay 30, 2010 at 3:53 PM

    2nd- Is he the guy that David or you posted about a while ago? The one that had a steady weighted portfolio that never changed?

    ReplyDelete
  2. MarkWMay 30, 2010 at 4:59 PM

    Just finished reading the past weeks "post close reports" at CC. I have to say, very well written. If BC wrote the dailies like he does those, I'd pay more attention.

    I'm surprised by the little pop in the ES. I thought the gulf news would weigh on the trading.

    ReplyDelete
  3. 2nd_aveMay 30, 2010 at 5:21 PM

    Mark- Yeah, Farrell's the guy.

    ReplyDelete
  4. 2nd_aveMay 30, 2010 at 5:23 PM

    The one thing I don't like about these 3-day US holidays is the way it allows foreign markets to make big moves while we're tied to a chair.

    ReplyDelete
  5. MarkWMay 30, 2010 at 5:25 PM

    Yep..It will be interesting to see the reaction to Spain since it was after the close there.

    ReplyDelete
  6. 2nd_aveMay 30, 2010 at 5:29 PM

    The ultimate in frustration would have to a +2%/-2% rally/sell-off on Monday, followed by a reversal on Tuesday that takes us back to even by the time we open Tuesday morning.

    ReplyDelete
  7. Clear CutMay 30, 2010 at 8:06 PM

    Ah, but the ultimate in NOT frustrated is holding one position, being mostly in cash and not giving a crap.

    ReplyDelete
  8. Clear CutMay 30, 2010 at 8:16 PM

    BP: I've got two suggestions.
    1. Make a big ass one of these: http://www.hardwareandtools.com/4-Inch-Test-Plug-T31-004-by-Jones-Stephens-6331227.html

    You can even qualify for super saver freight.

    Or, my favorite for both the leak and the
    CEO: http://tinyurl.com/dmyt3

    ReplyDelete
  9. Clear CutMay 30, 2010 at 8:32 PM

    Why Farrell's only partially right, from GMO.

    http://www.ritholtz.com/blog/2010/05/james-montier-i-want-to-break-free/

    ReplyDelete
  10. MarkWMay 31, 2010 at 8:26 AM

    FF- Thanks for that last link. Boy, the author sure doesn't make it an easy read, does he? Well worth the time.

    ReplyDelete
  11. DavidMay 31, 2010 at 10:55 AM

    Mark, thank you for reminding me about the $4 limit at PAL. I am lowering my sell limit order at $3.78 for the shares purchased at $3.38. A $200 gain would be good enough for me on such a tiny position.

    ReplyDelete
  12. DavidMay 31, 2010 at 11:03 AM

    Interesting divergence between the short-term neutral sentiment and the long-term extreme bearishness at http://www.sentimentrader.com/. What do you make of this, 2nd_ave? Does it mean that that everyone will try to sell into the upcoming rally next week, and then the sellers will end and the market will keep moving up with the fewest participants on board?

    ReplyDelete
  13. 2nd_aveMay 31, 2010 at 1:17 PM

    David- I've noticed that there's more than one way to 'resolve' to the extremes in that indicator. A little chopping around for a few days can do it. So I wouldn't place my bets based on it.

    ReplyDelete

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