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
23,473 Blog Posts

Borrowed Time

As I slowly take on the hated persona of a burlap wearing bearshitter, I am reminded of the days when investing in stocks had risk. Back in the old days, stock fluctuated between gains and losses, prior to making decisive moves. Today, we have an “MNCS” market to the upside, for no reason other than momentum. The dollar isn’t going down anymore and the economy is not ripping to the upside. We are simply chasing momentum.

Well, while we are here, enjoying the decadent scenery of winship, we might as well play along, until the bomb hits and ruins our view. On strength, I like TriQuint Semiconductor [[TQNT]] , General Cable Corporation [[BGC]] and chemical play Sigma-Aldrich Corporation [[SIAL]] .

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34 comments

  1. Rand

    Fly, hey the good times have returned to me. Stewart and stevenson is really taking off, no need to delete name, I got the job. Oil field equipment orders coming in strong. Also I noticed Seamens corp spending lots of money building a big facility here in houston, so that engineering company is taking off as well. Its good to be back!

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  2. Le Fly

    Glad to hear it rand

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  3. Rascial Flattop

    Who are we kidding. The market is going to 16,000 were in a recovery.
    Im mad a bit, that i didn’t stick to my original plan …long only.
    Disclaimer i could be wrong.

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  4. Le Fly

    Yes

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  5. Le Fly

    Ask for vking again and you are banned too

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    • notthev.king

      Dear Mr./Mrs. Fly

      267 years ago today, Thomas Jefferson was born in Shadwell, Virginia, just a hop, skip and a jump from his more famous home built later in his life, Monticello. Long has been the debate over identifying the greatest founder – and it certainly is a debatable topic. As a twice-over graduate of Mr. Jefferson’s University – The University of Virginia – I am almost duty bound to advocate on his behalf. But in truth, the greatness of the founding generation was found in their willingness to stand together against tyranny to build a nation committed to liberty. We need that here on your great site.

      One thing is certain – if Mr. Jefferson were alive today, he would no doubt approve greatly of the great American spirit that remains alive and well, while simultaneously fearing that Americans have so allowed government to dominate their lives as risking extinguishment of that flame. Please Mr./Mrs. Fly don’t clamp down so hard that it “snuffs” out our spirit.

      “I consider the foundation of the Constitution as laid on this ground: That “all powers not delegated to the United States, by the Constitution, nor prohibited by it to the States, are reserved to the States or to the people.” To take a single step beyond the boundaries thus specially drawn around the powers of Congress, is to take possession of a boundless field of power, no longer susceptible of any definition.” Jefferson

      Right.

      As we work to stop the explosive growth of government and the corrosion of our deeply held American values, we must remember what the founders sacrificed and risked to give this gift to us. Please allow “all’ the freedom to speak here.

      We furthermore must remember, and not run away from, the righteousness of our cause. Again, as Mr. Jefferson wrote:

      I know my own principles to be pure and therefore am not ashamed of them. On the contrary, I wish them known and therefore willingly express them to everyone. They are the same I have acted on from the year 1775 to this day, and are the same, I am sure, with those of the great body of the American people. (letter to Samuel Smith, 1798)

      Happy Birthday, Mr. Jefferson. I wish you well Fly.

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  6. Mike

    u are clearly baffled by this market like an amateur porn star

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  7. xxxHuggieBearxxx
    xxxHuggieBearxxx

    Looks like she’s a gonna blow tomorrow. Glad i sold my foolish short positions.

    Now im thinking this market may melt up to 1250 by the end of next week. Might be a good short entry there.

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  8. jg

    liberace, 3 legged

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  9. j

    The best explanation I’ve seen so far is by the Credit Suisse economist who thinks that we’re still in one of those sweet spots but only in so far as when the private markets are not pressuring the credit markets. He thinks we’ll get into trouble when both the government and the private credit markets are vying for dollars which should happen next year.

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  10. Rascial Flattop

    R we all losing our minds. The cost of being sucessfull in a ruthless world is burtal.

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  11. notthev.king

    Mr. Fly

    Bring back the V.King….

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  12. Guvnna Schwarzenegger
    Guvnna Schwarzenegger

    Meesta, Not V.King,

    Yoouur pecks ah tooo small to handle a blog like dis.
    Drink your “ovalteens”. (sic)

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  13. chessnwine

    I hear maoxian orders his coffee with whipped cream and caramel fyi

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  14. GETGroup

    when will limp dicks figure out that you short something weak, not something strong…”I’m gonna short it up here, and more up here, and more up here” -fuckin inbreds

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    • Mr. Cain Thaler

      We’re coming out of a recession. What are you seeing that’s strong? Besides, simple market volatility means you can short whatever you feel like, when the time’s right.

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  15. The Big Ragu

    I’m diggin the deadmau5 motif.

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  16. panamaorange

    Was out all day. I’m back in time to see yet another struggle to keep futures above 11k.

    The $EEM has closed red two days in a row, and last time $INTC beat, overnight futures gapped up on re-opening.Didn’t happen this time

    We have 24 hours to hold my record. On stocktwits, Ive never been more than 2.5 weeks early in calling a bounce, or rally.
    But, i don’t doubt the bulls ability to improvise one last fakeout bounce into google earnings

    http://www.youtube.com/watch?v=3fO9h6-tfOU

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  17. notthev.king

    Is it true that the V.King can lift a domestic mini-van?

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  18. notthev.king

    I’ll say it again, we need the V.King.
    http://www.youtube.com/watch?v=e0nwx7Q5j-k

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  19. notthev.king

    http://www.youtube.com/watch?v=63rldcSOY9w

    OMG!

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    • Marcus Aurelius

      Seriously, V.King, you’re annoying. Pipe the fuck down or go post all over Clusterstock.

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  20. Hammy

    regarding the IMF : if they offer to buy greek bonds at yield rates well below the market, that will significantly raise the price of greek bonds in general, right?

    if so, are greek bonds at a guaranteed discount until the market yield equals the future IMF yield?

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