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
23,471 Blog Posts

More Blood

Okay, now this is getting a little pervasive. I like how they are trying to blame weakness on China; meanwhile, Asian markets had no problem lifting higher. This has much more to do with the asshattery of Europe than anything else. Their indexes are dropping 2% at a drop of a hat, making us as nervous as a cat on a hot tin roof.

Today GOOG and AAPL are getting the business. But our markets are holding up relatively well. Frankly, I’ve been sort of paralyzed by the volatility and have done very little but add to positions. I cannot and will not believe Spain is gonna tip the scales over and lead to a European collapse. We’ve been down this road before and I will not be tricked again.

Nevertheless, facts are facts and Spanish 10yr yields are at 6%. I will not get concerned until French yields start to shoot higher again. As of now French 10yr yields are still under 3%. Should they get above 3.5%, maybe just maybe, I will start to freak the fuck out a little.

Until then, I will be eating sandwiches at a frenetic pace.

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34 comments

  1. lol

    Blood is a good game, but doom and duke nuke em were better.

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  2. leftcoasttrader

    I don’t want to wish any ill will on the house of Fly, but I’ve learned the most from you when you’ve had your back against the wall, fully invested into a deflationary vortex and came back swinging.

    If this is more than a one day fire drill, I expect to get some more of the best education on the internets.

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  3. acehood

    what kind of sandwiches, sir?

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    • The Fly

      turkey

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    • Blind Read Ant

      BLT’s in March and turkey clubs for April.

      But I must admit, tilling the earth later this month, some PBR and bologna w/mustard (or roast beef w/ horseradish sounds outstanding.

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    since the prez lives in an employer provided residence, does he claim that as income?

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    Le Fly,
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