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
23,433 Blog Posts

Trending Higher

I’m thinking about expanding iBC’s news section to include unique content, which would entail hiring someone to do investigative journalism. Before I pursue the placement of this position in the real world, I bring you this opportunity to make a fucking name for yourselves. If you have a background in finance and english or possess the ability to write on a college level, feel free to email me credentials: flybroker at gmail.com

A big mover this morning is WOLF. That place is a fucking shit heap. I’d never consider brining my kids to that bedbug infested hovel. Oddly enough, earnings were fantastic, which further supports my thesis that the lot of you are arcane beings, singular men and women who relish depravity with animal satisfaction.

Precious metals are weak today and volatility has collapsed. There is a real sense of complacency in the market, as investors feel nothing can go wrong.  Apple is likely to release a teevee in the fourth quarter, which should sink shares of LOGI for good. After all, once Apple takes over the teevee and remote market, who will buy LOGI’s stupid remotes? As for the glass, I have to believe an Apple juggernaut will bode extremely well for GLW, provider of glass substrates.

If the market is going to continue trading higher, I see no reason to try to outthink the market through buying out of favor stocks and sectors, hoping someone will notice how awesome they are. During crazed banana runs, trending industries continue to trend; things in motion tend to stay in motion.

For now, retail or anything consumer sensitive is the sweet spot.

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22 comments

  1. Bullish

    iBC going on a hiring binge! Very positive sign for the labor market.

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  2. Yabollox

    All that very smart.

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  3. Hack

    WFM is a beast. 100 roll?

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    • Raul3

      WFM IS a beast. Want more on any pullback.

      Here’s the hipster MO: Overdraw student loans, spend surplus at WFM, eat organic berries on the floor of your minimalist loft, and scoff all others for being hyper consumers. ROFL

      Then graduate and work for WFM.

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  4. FIG

    I heard that Charlie Gasparino is on the market yet again, maybe he’d be interested.

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  5. THEosu

    Just something to look at guys…….
    BEAM ………Diageo interested…….please , only a rumor ..

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  6. Bobby Boucher

    As I posted on Wood’s blog;

    $VIX will continue to flat line for a while. In a few months it will be time to buy shares of $TVIX, shares of $VXX and call options on $VXX. The time to buy will be when we are nearing a golden cross on the $VIX. Back-test the golden cross on $VIX and you’ll see the sweet spot for going long shares of $VXX and shares of $TVIX and call options on the $VXX is when we are nearing a golden cross on $VIX.

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  7. Anton

    Looking forward to iBC’s future journonihilism™.

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  8. Mike

    cracks almost 33..wnr should rip tits once it breaks that $20 barrier!!!

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  9. Mario

    I no lik i da VXX!

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  10. xxxHuggieBearxxx
    xxxHuggieBearxxx

    Apple will be worth ONE TRILLION by spring! Could surpass the entire euro-zone by Christmas.

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  11. razorsedge

    sold vxx. lost a little more than i made last week. i hate that

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  12. Fly Leech

    Out of VXX, going bull riding.

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  13. Greg

    Hey Fly just for information not knocking you at all. Do you use stop loss at all ?

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  14. Greg

    IYR looking dam nice on that weekly chart

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