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
23,417 Blog Posts

Today is Just Like Yesterday and The Day Before

There is nothing unique or unsettling about today’s market. Breadth is still north of 50% and plenty of stocks are up more than 5%. Steel and iron stocks are up, making it very hard for me to take the great big bears, dressed in ballerina costumes, seriously.

HMC reported decent numbers, but today’s numbers meant nothing to me–mere child’s play. I am keeping HMC in my portfolio for at least 6 months, as part of a thesis that states Japan is going “samurai” on deflation.

Here are some dips in stocks with market caps more than $1 billion, over the past week. Whether they are buyable dips or not, I leave entirely to you.

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5 comments

  1. john mayer

    Fly, Queer! But this market will be molested by miscreants of s[h]ort, and a song will be written about it. Is your confidence in this market of the Ackman type?

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  2. Yoda

    lol I love that there is an industry “Chinese Burritos”

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  3. Last Place

    RNDY is breaking upwards today, can it hold this growth and the dividend lets see!!!!

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  4. jimmy_two_times

    not sure these are buyable. might rotation again into something else

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  5. The Eye-Talian Stallion
    The Eye-Talian Stallion

    I’ll buy the dips when the entire market dips. ZeroHedge has been wrong for too long now, he needs a validating moment to keep his site going…

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