iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,471 Blog Posts

Old Habits Die Hard

You didn’t think all of the fat, spoiled rotten American women would stop buying $600 handbags and $500 slippers, did you? Despite the economic tailspin, Americans are accustomed to spending their savings and more. According to recent data, due to the rough economy, the U.S. savings rate has gone from negative 1-3% to positive 5%. So, in other words, people have money to spend.

The weather is nice and people are generally degenerate losers, who would rather buy a 5th plasma than save some money for their childrens college fund.

Here’s the play:

Stop shorting stocks, for now. It’s a losers bet. Until we see the recent uptick in the economy reverse lower, you have to buy the dips.

On my menu are a variety of depressed netowrking, semis and retail stocks, like CROX, ODP (gone), SONS, ALU, LVLT, ARUN, CAVM, OVTI, DELL, CDNS and ATHR.

NOTE: Today’s consumer confidence spike was the largest since 2005.

If you enjoy the content at iBankCoin, please follow us on Twitter

41 comments

  1. TheArtist

    Dennis Kneale is an idiot!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. Cash-N-Guns

    the 350 sneezing Mexicans i ordered to Kneales residence must have sneezed on themselves prematurely…fuck idiots.
    Sending a half roasted pig to the set.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. Big Mike

    Yo Senhor Tropicana,

    Why is DevilDog only on Monday?

    Hes a good guy for IBC…look at his traffic. Its nice to have a contrarian view every once in a while. Plus he has the balls to challenge your investment thesis.

    Headline power for the day to the winner?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. GovtFunds

    Why should the fat spoiled women in this country stop buying 600.00 handbags. Not all fat ladies have little kiddies to worry about. The spoiled rotten men buy their blackeberrys and ipods and all their little gadets. Lets’ keep it real, we all like to pamper ourselves and why not, one spin around is all we get.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. buddha belly

    I would add TIF & JWN to that list.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. j

    Big mike:

    The Dog only comes up on Monday because he loses money every other day.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. kidstock

    CSCO busting thru its 200 day MA. Not seen since late 07. Fly — why DELL and not CSCO?

    Long CSCO May 20’s @ 12 cents — giddyup!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. T MOE

    T MOE goes against his regular strategy of shorting shitty stocks and goes long a single name

    T MOE buys LMNX at 15.50, play on the Swine flu.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  9. gappingandyapping
    gappingandyapping

    ALU deal looks sweet. I loaded up yesterday at $2.30, it has stayed strong.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  10. j

    Gapping

    It’s probably a very illiquid stock… Total market cap is around $400 million.

    I hope you bought no more than 100 shares.

    Fly’s followers would have sent that up by a dollar.

    ————–

    Hey does Tim Knight even make money in an up market when he’s bearish. Fuck i wish i was him 🙂 He never loses money. Never.

    He must be the best paper trader in history.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  11. The Fly

    Big Mike

    iBC and the world is not ready for DevilDog everyday. For now, you will have to tune in on monday’s.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  12. buddha belly

    ALU has a long hard row to hoe but it’s probably good for a trade.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  13. j

    Fly

    Why don’t you give the dog a Monday slot only…. Say like Monday night football.

    The kids would get a kick out of his howling.

    A special slot every Monday with his fibonacci and other shit he looks at.

    Not a bad idea, no?

    Give the jackass something to look forward to each week, other than SS cheque (check in Strine)

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  14. Cash-N-Guns

    I am directing the new Swine virus to attack fat chicks, and politicians…Good day

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  15. T MOE

    T MOE shorting MCO at 28.44 ahead of earnings tomorrow.

    tight stop

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  16. j

    Cash

    If you got rid of the fat chicks, the dudes who are now with the fat chicks would come looking for the the skinny chicks. It’s supply and demand dude. Knock the fat chicks out and you have a lot of dudes fighting over the skinnies on the relevant point of the demand/supply/price curve.

    Get the economics right, you redneck 🙂

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  17. TheArtist

    ordering a bacon angus burger for lunch…..double bacon, hold the fries.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  18. Juice

    I wouldn’t be all bullish here … I think we’ll go sub 800 SPX in short order , a la DevilDog

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  19. Cash-N-Guns

    J– interesting point…however plenty of 3rd world country girls avaialbe…fat stupid american chicks suck anyway..and the dudes who like fatties…fuck them not too worried..they will just move up the age ladder..and date the old skanks

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  20. The Real hmmmmm

    I’ve been watching retail catch some serious bids over the past month and have established a similar thesis. You also forgot the VERY important aspect that tax rebate checks are going out now, on top of a major change in savings. Girls are already running their mouths about buying Coach bags, as a matter of certain fact, much to the chagrin of you floppy disk fucking goblins.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  21. arnoldsimage

    ” plus..the skinnies are lousy shots.”

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  22. E8

    I had a pork roll last night just to be rebellious …

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  23. j

    Cash

    fat stupid american chicks suck anyway.

    You realize you come in second on a per cap basis. Australia is now the fattest nation on earth.

    Per cap we’re swimming in lard. And if you’ve never met a fat Aussie chick, you don’t know what stupid is. Unlike your fat chicks ours have real fucking attitude problems too. The fat ones think they’re somehow special like the skinny ones and think they are somehow worth something more than the lard they carrying.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  24. Jimmy Fibonacci

    Ayyyyyyyyyyyyyyyyyyyyyyyyyyyy!!

    How you doin’?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  25. Cash-N-Guns

    J- swimming in lard…thats some good shit..well not really..Ok..more specifically Asian girls are my peronal choice..

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  26. E8

    You ricer!

    How’s that Hyundai workin’ for ya?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  27. gappingandyapping
    gappingandyapping

    How can you have anything without jobs? Jobs are be shed like the H1N1 flu and no one wants to pay attention. Fucking ignorant.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  28. j

    Cash

    Even the Asian gals are larded up here. It’s lard heaven. Everyone just eats crap I guess…. Unlike me who is married to a freaking food nazi, which is the only reason i keep the weight off.

    There’s more fast food joints than in the US per cap and we also have “better” fast food. Fish & Chips are great. The fish is deep fried in batter.

    Aussie burgers are to die for….

    Get this for a decent burger.

    the paddie is thinner than the US variety

    lettuce

    tomato

    Fried egg thinly done

    Beetroot

    Fried onion

    all inside a huge burger roll.

    This washed down with a coke to get rid of the grease in one’s mouth and esophagus.

    My mouth is watering at 1.30 in the morning just thinking about that shit. But I can’t eat it as the food nazi wife will kill me.

    Shed must be orgasmic just thinking about what i’m describing.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  29. gappingandyapping
    gappingandyapping

    And one more thing, if I or anyone else hear one more person say the words “Mustard Seeds or Green Shoots” I will break this fucking cable box. People that use these words are of the homofied category, of course no offense to true homos, its just plain vanilla gay.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  30. FLY's Love Child
    FLY's Love Child

    You may also want to watch COIN

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  31. mrkcbill

    “Shed must be orgasmic just thinking about what i’m describing.”

    j- that is wrong on every level. Go to bed

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  32. buddha belly

    People that use these words are of the homofied category…

    People **WHO** use “that” where they should use **WHO** deserve green shoots of mustard seeds up **THERE** asses.

    signed

    grammar nazi

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  33. Cash-N-Guns

    J- the burger sounds awesome….we should open a store here in Florida..!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  34. isay

    Pay now or pay later.

    High quality food vs. high quality cardiologist or oncologist.
    I’m bankin the former will be much cheaper and fun than the latter.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  35. gappingandyapping
    gappingandyapping

    Is Michelle Crusoe Cabrerra a transsexual? Anyone know?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  36. Mushroomz

    Transports are green. Utilities and Services doing well also.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  37. Mussolini

    Yo, grammar nazi …. THEIR not THERE!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  38. JakeGint

    The Dog only comes up on Monday because he loses money every other day.

    And Mondays.

    _______

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  39. Cash-N-Guns

    Gapping..Cabera is a hybrid version of a transexual and a goat faced beaner wash woman, extremely annoying chubby opinionated sloppy bitch who has to pay for dick…she is pure Fuck Ugly Gross..not a true answer to your question..sorry.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  40. JakeGint

    ordering a bacon angus burger for lunch…..double bacon, hold the fries.

    And hold the angus.

    ______

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  41. RickyBobby

    “soaring” consumer sentiment= tax rebates.

    • 0
    • 0
    • 0 Deem this to be "Fake News"