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
23,431 Blog Posts

Classic Summer Malaise

Before I get into it, Cronkite contacted me today and he is okay. He’s been helping out in his community and was lucky enough to only lose electricity. He will be back news blogging shortly.

It looks like Wall Street finally got its vacay. The volume is dry and stocks are boring—Thank the space aliens who made us. I know a lot of people who are trading ahead of the jobs report tomorrow. I just think that’s fucking retarded, unless you have an edge at the Dept of Labor.

My TBT gave back yesterday’s gains, as money storms back into TLT. Can you say “unsustainable?”

The one bright spot is a the stabilization of the banks. But let’s be candid with one another, shall we? This market is a ticking time bomb. I’m not buying shit until TLT goes below $105. How’s that?

Until then, I will be building my screens inside The PPT, targeting stocks for purchase upon dips.

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12 comments

  1. GYSC

    I can dig it.

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  2. RaginCajun

    Good to know Cronkite is alive, thanks for the update.

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  3. Juiceyfruit

    Shout out to the Cronkite! Glad you’re ok.

    We just got electric/internet back last night.

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  4. razorsedge

    amazon, ebay. dont charge tax on purchases. not fair to brick and mortar stores. puts more out of work, imo.

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    • go2mars

      Increases overall efficiency and adds wider selection imo. Did you know [i]you[/i] can sell stuff on ebay too?

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    • Fancy Sauce

      Puts state workers out from less sales tax and puts people to work for innovative, PRIVATE employers. You Obamanazi

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    • jay the coffee guru
      jay the coffee guru

      fuk a tax

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    • razorsedge

      obamanatzi? was just stating a fact. im not a fan of tax, but if all the stores go out of business because of an uneven advantage, where does it leave us? china is kickin r azz because of an uneven advantage. im not an obama suporter, ive stated this many times

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  5. Mr. Cain Thaler

    Glad Cronkite is doing fine.

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  6. Quint

    The changes to iBC are welcomed, but we don’t need more blogs about the stock market.

    We need less stock blogs and a way to separate the liars from the buyers…without confirmation of trades most stock blogs belong in the fiction section of the library.

    “Those who can’t do, teach”…

    …not directed at Fly, or any of the other fine tabbed bloggers on this site.

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  7. Hugh Hendry

    I am invincible.

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