It’s a Good Day to Be a Banker

If you are baffled by this rally it is because you do not own any bank stocks. If you do not own any bank stocks, you are a normal person. Mr. Dimon, from JPM, won again, completely fucking any and all shorts who bet against him into earnings. Do not lament over your positions lagging behind, for the market itself is in great health and condition. It will only be a matter of time before your stupid stocks increase in value.

I am up today; but my gains are measured. It doesn’t really matter, frankly. Either way, I expected my holdings to be little changed whether the market was +180 or -180. What’s important to note and remember is the overall trend.

Good Sir, we are decidedly higher and have melted the faces off of our enemies and now design to use them as wax for our banquet room candles.

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29 comments

24 Responses to It’s a Good Day to Be a Banker

Mike says:

EXK giving back yesterdays gains….wtf?

Reply
The Equalizer says:

Damn it feels good to be a banksta!

http://www.youtube.com/watch?v=ROlDmux7Tk4

Reply
Dirk Diggler says:

Did you just hear the real song on Pandora too?

Reply
Montrose says:

“Good Sir, we are decidedly higher and have melted the faces off of our enemies and now design to use them as wax for our banquet room candles.”

You sure can turn a nice phrase.

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flyaway18 says:

I’d love to buy some F5 on this drop because of analyst revision estimate. I just don’t know if it’s worth a stab at starting a position so close to earnings.

Reply
republikat says:

There is a Fly screen in PPT from July 11th titled “Strong Banks”:

These stocks are climbing like a chimp on meth -> they also have bad ass charts

Reply

I am baffled over this rally today. All I saw was a major buyer of eur/usd to 1.2250 early in the day, Market spiked, Oil Spiked…but why wasn’t it dumped into the close??? Eur/USD closed below 1.2250, yet we didn’t pull back…all sort of silly.

Reply

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Major US US Futures Europe Asia Commodities 2yr Euro Yields 10yr Euro Yields Oil
  • DOW 15,354.40 0.80%
  • NASDAQ 3,498.97 0.97%
  • S&P 500 1,667.47 1.03%
  • VIX 12.45 -4.74%
  • SPX 500 (CFD) 1,665.90 -0.01%
  • DOW (CFD) 15,345.00 -0.06%
  • NASDAQ 100 3,025.10 -0.13%
  • EURUSD 1.283 -0.05%
  • UK 6,723.06 0.53%
  • GERMANY 8,398.00 0.34%
  • FRANCE 4,001.27 0.56%
  • SPAIN 8,582.40 0.47%
  • H. KONG 23,082.70 0.17%
  • JAPAN 15,138.10 0.67%
  • KOREA 1,986.81 0.79%
  • SHANGHAI 2,282.87 1.38%
  • NAT GAS 4.10 -0.24%
  • GOLD 1,453.60 -0.60%
  • SILVER 23.76 -0.77%
  • COPPER 3.19 0.32%
  • FRANCE 2YR 0.19 -10.90%
  • GERMAN 2YR -0.03 -314.29%
  • ITALIAN 2YR 2.18 27.59%
  • SPAIN 2YR 2.81 8.21%
  • FRANCE 10YR 1.86 -0.96%
  • GERMAN 10YR 1.33 -0.38%
  • ITALIAN 10YR 3.90 -2.04%
  • SPAIN 10YR 4.21 -2.35%
  • WTI 96.02 0.90%
  • BRENT 104.72 0.00%
  • WTI/BRENT 8.70
  • 321 CR SPR 21.96 10.04%