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
23,419 Blog Posts

Unbreakable

The dollar is ripping higher today, yet stocks are yawning it off. Is it possible for stocks to rally, as the dollar strengthens? Sure, why the fuck not?

If real growth can take hold in the U.S., the reflation story will take a back seat and equities will trade based on fundamentals again, not some absurd “death to the dollar” scenario. However, I will admit, people are sort of mind fucked when it comes to the dollar/equity relationship, which may initially jar stocks, as the death to the dollar trade unwinds. The dollar carry trade has been ongoing for a very short period of time and will likely be unwound, slowly, overtime. I do not think the dollar is due to spike higher. I am just laying out a scenario where it stops going down, and stocks still go higher, nonetheless.

If this scenario unfolds, the worst possible investment will be gold. It will feel like dot comville, April 2000, for the doom and gloom gold buggers.

With my money, I much rather buy coffee machines, via Green Mountain Coffee Roasters Inc. [[GMCR]] , or something easy like [[HEAT]] and CGG Veritas (ADR) [[CGV]] .

Bottom line: we are running downhill now, without sneaker or socks. This is a long only market and it should be treated as such.

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

21 comments

  1. Curly

    Can’t have a slice of my dollar bill pie.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. smitty

    Fly, we have one of those K-cup machines at work, but there are long lines and I feel like cutting in line. What should we do?

    Also, have you ever emptied your K-cup bin and looked at the K-cups? They each have 2 holes – a larger hole in the center of the lid and a smaller hole on the bottom edge. What do you make of this design? Do you think they placed the smaller hole on the edge so that the punch on the top wouldn’t collide with the punch on the bottom, or do you think this decision was based on fluid dynamics?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. TA

    I thought the V King got banned

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. Jack N.

    Hey Fly — I am loaded up on FTK a few months back, do you plan on buying more here at $1.00? I hardly follow along on any of your picks but ended up with a buttload of this one.

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

      tough call. I bought some down here. But the co is unresponsive. There are better places to put money, as of now. They need to come to terms with the bank by 12/31

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  5. The V.King

    Fly,

    What do you think of POWR? DYN? IOC? BML-H? And Steven Seagal’s skills?

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

    If this scenario unfolds, the worst possible investment will be gold. It will feel like dot comville, April 2000, for the doom and gloom gold buggers.

    How wed are you to this thesis?

    ___________

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

    Can you feel the exhale?

    ____

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