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
23,419 Blog Posts

Higher Rates? Who Cares?

I sold out of O, for a small gain. The pervasiveness of ascending interest rates has my attention, which caused me to sell the stock. I don’t want yield. I want growth and short squeezes.

I sold out of FRO, marking an end of an era. It ended with a whimper, pretty much breaking even on the entire position. That’s alright, since I am +35% for the year.

With the O proceeds, I bulked up on SCTY, making it a top 3 position. I also added to SHLD.

Look, rates are going up and the market isn’t going down. This is bullish. Pay attention and try to keep up.

If you’re unable to adapt, you’ll never make it in this business.

http://www.youtube.com/watch?v=263Cnsd0tLQ

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19 comments

  1. BRAVEFLAPS

    FIG

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  2. blocka

    Blocka Buy: 50k NES @ 3.40

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  3. Dave

    Bernanke can’t say five words without throwing in an umm or uhh.
    Fucking retard.

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  4. charles c

    futures flying like a mofo /es (spy)

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  5. Freddy Fishsticks
    Freddy Fishsticks

    Poof, your bond yields are gone

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  6. Granpa

    New Contest: How many times does the Clam say Uh or Um in telling the History of the FED or in reference to the Great Depression vs. the Great Recession.

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  7. Dave

    This fucker is the most powerful person in the world and he can’t string a sentence together. Jesus Christ, take a public speaking class. He is lying through his teeth. His quavering voice is as annoying as his inability to spit out a coherent sentence.

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  8. razorsedge

    hey be careful . how many jump on this shit only to find the fan, or the windshield (so to speak). individual stocks, mlps,and risk reward should be weighed

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  9. OG

    Glad my DUST position is small right now. But who’s really gonna buy gold these days?

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  10. charles c

    bet against any central bank ,and you pay the price..ride it up

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  11. Mr. Partridge

    It’s a BULL MAKET YOU KNOW….
    but stupid bozos didn’t listen, did they ?
    Happy trading,
    Mr.P

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    • Vertigo

      Not to be snarky or anything, but didn’t you write 2 weeks ago the market was at “the crossroads of hell”? And in March didn’t you write the market was now entering a bear market? You’d have a lot more credibility if your predictions weren’t so wild, young fella.

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      • Mr. Partridge

        I changed my mind… you should try it…
        but I do have higher than normal cash in my trading port…
        I only blog here about it… read my past blogs… also have 3 other investment portfolios for long term holds Partridge style 🙂

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  12. Georgia

    I noticed the devil was sent back to hell where he belongs. Just like the story goes.

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    • Fliar

      Zero chance the fly got out of fro even considering he bot a stick at 2.40, lol….maybe that was for moms account…Oh wait I forgot he professionally manages money in between blogs and postings of pictures lmfaooooo smdh

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  13. fake amish

    Beyond safe to say. The Fly fucking wins again and again and again and…

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  14. fake amish

    Did the clam just throw a pin less into the yen carry trade?

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