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
23,445 Blog Posts

POMOFIED

There was no reason behind today’s rally. Europe was sucking knee-caps and the world, for lack of a better term, was retarded. The dickless eunuchs from Time magazine ignored the spaced aged shit being purported on iBC, in exchange for the money losing ways of helium suckers like ZH. But what should one expect, when dealing with the old graybeards from Time? I doubt their editors even search the web, let alone understand the purpose of financial blogging. If you believe financial blogging is all about whoring news like a fucking 5 year old, go elsewhere. However, if you’re interested in changing your lives, by way of increased net worth: visit iBankCoin daily.

Today’s rally was an odd one, led by oddball sectors, like healthcare. Hospital stocks lifted higher, led by HMA and LPNT. Home healthcare names like GTIV and CHE took off, as a variety of tech and Ag names sucked wood. I am not so sure this is rotation. If anything, the smoking hot sectors needed a breather. What’s impressive about this rally is that it didn’t need the leadership names to run. This tells me that money wants to be long, no matter what. It’s like playing whack-a-mole.

Get your hammers ready.

Top picks: AVL, OPEN, MAS

[youtube:http://www.youtube.com/watch?v=FMiK72eWE1I 616 500] If you enjoy the content at iBankCoin, please follow us on Twitter

44 comments

  1. IndyG

    BAC did it.

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    • Teahouse On The Tracks
      Teahouse On The Tracks

      Moynihan was a fast tracker at Fleet/Norstar which later merged with BAC … He will be a success and so will my BAC.WS.A shares … Pumping but no dumping here!

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  2. checklist

    charlie sheen shall bank significant coin, one way or another, from his recent outbursts

    money wants long, the market wants down. a little battle of drunkards, sort of tripping in turn, rather than actually landing blows.

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  3. Bullish

    You should have mentioned the proper attire required if you are going to visit daily.

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  4. chivo

    JINX

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  5. Zero

    Fly… if you are looking at $AVL then take a look at $GWMGF. I have asked that it be added to the PPT but so far no go.

    But the bigger question is will my pick $YOKU knock out $AGQ…. wouldn’t that be something….

    yep #winning!

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  6. zer0

    Still trusting in APC and ARO?

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  7. xxxHuggieBearxxx
    xxxHuggieBearxxx

    yeah, today was really something…for some reason, my position in FXI has gone apeshit the last couple of weeks….not sure what is going on there.

    That POMO is some wicked shit. Turn it on and like a biblical flood, all things rise. Doesn’t matter what the fuck is going on in the world, POMO fucking wins and wins big.

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  8. alphadawgg

    Yeah, oddball rally. I got no traction with today’s market. The wheels were spinning, but didn’t get anywhere. I hate it when it does that.

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  9. Tx Slave Trader
    Tx Slave Trader

    Ezra Klein…really? Dude is a limp wristed, wannabe, two-handed economist….Just because you post CBO charts and listen to Bloomberg doesn’t make your stupid blog about finance. He wrote about health care reform for like…two years….give that guy an ETrade account and he wouldn’t even know where to begin. As if Time has any credibility to spare given their egregious, statist journalistic lineup.

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    • Tx Slave Trader
      Tx Slave Trader

      And another thing, doesn’t Dykstra run a blog? Given Time’s standards for the list, he’d be an obvious choice for top 25…assuming he can type.

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      • zzzdoc

        Mr. Lenny can surely type. He “wrote” for the street.com
        You can still see his blog.
        zzz

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    • Blind Read Ant

      Valid points.

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  10. A Monkey With a Plastic Jug Filled with Millions of Dead Anchovies
    A Monkey With a Plastic Jug Filled with Millions of Dead Anchovies

    First!

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  11. Johnny2time

    These rallies have all felt like short covering whip saw action. Amazingly the naz futures are holding the trend channel on the daily chart so perfectly a four year old could trade it..

    I still like silver here, feel like going full Dykstra for the run to $50.

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    • A Monkey With a Plastic Jug Filled with Millions of Dead Anchovies
      A Monkey With a Plastic Jug Filled with Millions of Dead Anchovies

      I agree, SLV is going much higher, no matter what towel-head country is on fire or not.

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    • Johnny2time

      Wow.

      “Bring Bush! Make a no fly zone, bomb the planes,”

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    • John

      Isn’t it interesting that the same sign flash is for peace as well as victory.

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  12. Mother Market

    JDSU getting pummeled.

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  13. Real Texan

    The rumor that Momar was seeking a deal to get out of the country coincided with the rally’s beginning.

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    • Johnny2time

      Yes, I actually traded it when I saw it on HuffPo…never thought I’d ever trade anything based on what I read at that site!

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  14. The Fly

    FNSR catching multiple HOMOHAMMERS to the jaw

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  15. alphadawgg

    Did you order your sackcloth and ashes for tomorrow?

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  16. Johnny2time

    Charlie Sheen is long silver? Winning!

    http://blogs.wsj.com/deals/2011/03/08/charlie-sheen-secret-silver-investor/?mod=yahoo_hs

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  17. Taco

    Fly,

    You would like my old roommate when I worked at the BVI (British Virgin Islands) Beacon newspaper as production manager (1993). Rich Blake was just a reporter back then, but later on he became managing editor of the egregious TRADER MONTHLY (r.i.p.) magazine.

    Rich does egregious things as well, such as showing up on CNBC and presenting the list of the world’s top traders.

    Two peas in a pod.

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  18. One Upper

    Traders…Just a bunch of big Pomos…

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  19. The Idiot

    I know. wtf was up with that list?

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  20. omeizer

    POMO for Punk Art. http://vimeo.com/16917659

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  21. Pablo Escobar's Parrot
    Pablo Escobar's Parrot

    ADM still looking stout through this whole shennnnna… riding the 10 pole

    Long dong ADM still

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  22. carsony

    SRZ

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  23. chanci

    I don’t have any internal fortitude, just a serious case of insomnia. Going on seven days now.

    I do have the best song ever, though. I have it on CD with James Taylor here at home, but alas, Taylor’s business people must not like Youtube, so here it is without him, and even way better for that. (Sorry James)

    http://www.youtube.com/watch?v=Wzi7Kqgz5yk

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