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  • TLT Is The Teflon ETF And Romney Is The Teflon Candidate [Edit or Delete]1 comment
    May 21, 2012 3:34 PM | about stocks: TLT, AAPL, FB, C, JPM, WFC, GS, AMZN, PCLN, GRPN, QQQ, SPY, LNKD, AIG, BJI

    The 50/50 trade is still working. Risk-on stocks like AAPL and PCLN are up a lot and treasuries are flat.

    The world is awash with so much liquidity that TLT is flat today even as stocks surge. The slightest hiccup in Europe will provoke a kneejerk flight to safety treasury rally, but on the other hand, booming BRIC economies are producing large surpluses which is helping to keep rates low; hence TLT rises in bullish and bearish macro economic conditions.

    Romney embodies pro-growth patriotic values just as TLT is a proxy for American exceptionalism regarding it unshakable reserve currency status. The left predicted that USA debt rating downgrade would pummel treasuries and that GOP was alienating women voters. The opposite has happened; Romney's polls have surged among women and treasuries keep rallying.

    The left is unloading their full arsenal against Romney with no success, including:

    War on Women? dud

    Manufactured outrage contraception? dud

    Anti-Bain attack ads? dud

    24-7 scorn directed at JP Morgan by the liberal media? dud

    I wonder if the liberal media is trying to invoke another Lehman by spreading misinformation and fear about JPM to drive its stock price lower and make Obama look like the good guy? Probably.

    Now the media is trying to turn Facebook into the next JPM. The left loves failure and crisis because the they win voters through fear and class warfare, not optimism. Stocks crash. People get scared. Blame the 1%. Promise retribution against the 1%. Obama wins.

    How about the ad narrated by Bill Clinton that implied that Romney, if president, would not have launched the raid on Bin Laden? It was a dud. You can't pretend to be tough on terror when your name rhymes with Osama, sorry.

    Romney effortlessly deflected those attacks, just like during the primaries. In most instances, simply ignoring the ads without issuing a rebuttal was sufficient because many of these ads actually backfired, especially among Catholics and swing voters.

    Maybe Obama is suffering from Oxygen deprivation? Cyanosis can cause purple lips and brain cells dying impairs speech resulting in a long pauses between words excess um's and ah's from a derailed train of thought.

    Doug Kass like Roubini, Peter Schiff, and Paul Kugman is of those people that you can tell is a loser based on their appearance. On May 9th, 2012 the wispy Doug Kass wrote that shorting bonds might actually be the "trade of the decade" Whoops. It bears repeating: a lib and his money are soon parted.

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  • Romney's version of free markets is the free ride he is getting from the citizens compelled to pay his taxes.
    7 Jun, 06:10 PM Reply Like
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