iBankCoin

Trading with The Fly

Dr. Fly
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

Market Breaks Below 12,000

Dr. Fly Thu Mar 10, 2011 3:37pm EST 7 Comments

Commodity related stocks are leading to the downside here, as investors trample over each other for the exits. The dollar (UUP) and treasuries (TLT) are both up 0.9% and 1.4%, respectively. People are interested in deflationary trades, yet again. Hence, the old “Hugh Hendry trade” is back on.

The biggest laggards amongst large cap stocks are ARMH (-9%), CLF (-6.5%), NTAP (-6.5%), NVDA (-6%), SLW (-6%), NOV (-6%), ASML (-5.7%) and BTU (-5.5%)

Elevator down.

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

7 comments

  1. Quint
    Quint
    March 10, 2011 at 3:58 pm

    Can’t keep up with all these Fly posts in one day.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. Quint
    Quint
    March 10, 2011 at 4:00 pm

    That was such a scary day. I mean GS down 1.3%, AAPL down 1.6%, and the worst one, AMZN down 1.7%….

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. Rand
    Rand
    March 10, 2011 at 5:01 pm

    Ouch

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. rookie
    rookie
    March 10, 2011 at 4:26 pm

    hey fly, anyway you can make your ibc_fn twitter feed an rss feed directly through your site? twitter rss feeds are delayed by 4-6 hours …….

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. Hugh Hendry
    Hugh Hendry
    March 10, 2011 at 5:05 pm

    I’m back, bitch.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. Bradc
    Bradc
    March 10, 2011 at 5:24 pm

    QE3? lol

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. Kam Demelo
    Kam Demelo
    May 28, 2011 at 12:15 am

    Which was type of inspiring! Completely unforeseen. Now I realize what I am going to do tomorrow 🙂

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

© Copyright 2007-2024 iBankCoin All rights reserved under penalty of bodily harm. DISCLAIMER: This is a personal web site, reflecting the opinions of its author(s). It is not a production of my employer, and it is unaffiliated with any FINRA broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities. DATA INFORMATION IS PROVIDED TO THE USERS "AS IS." NEITHER iBankCoin, NOR ITS AFFILIATES, NOR ANY THIRD PARTY DATA PROVIDER MAKE ANY EXPRESS OR IMPLIED WARRANTIES OF ANY KIND REGARDING THE DATA INFORMATION, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. Privacy Policy