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
23,476 Blog Posts

SHIPWRECKED

By the way, Skippy peanut butter is by far the best tasting peanut butter in the world. I’ve tried every brand made available to me and there is nothing as good as Skippy, which leads me to believe, incidentally, that they are doing something rather nefarious to their product.

Speaking of nefarious, there is a massive contango taking place in the dry bulk market, with Capesize day rates now lower than both Panamax and Supramax. To put that in layman’s terms, that’s like a Mercedes selling less than a Kia, something completely irrational–driven by upright walking pigs who happen to own shipping vessels. The fact of the matter is, the BDI is off to its worst start in 40 years, the blackest of the black swans.

As such, I am all but out of my BALT position, as stated yesterday on this blog and inside of the private confines of The PPT.

BDI

SPY futs are getting punched in the face, down 11, due to a weaker than expected Chinese PMI. Who knows? I certainly don’t.

All I know is that I continue to bank coin, up 8% for the year, yet the market always looks like crap.

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29 comments

  1. the pirate

    Man the mizenmast! Arrr.

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  2. j livermore

    The Fly is GAAAAWWD.

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  3. j livermore

    Fly,
    with regard to lifting. What are you doing to protect yourself from hemroids?

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  4. The Fly

    Who discusses hemorrhoids at 9am?

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    • j livermore

      People that have them.
      People that go to the gym before work.
      People that drink coffee.

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  5. fryguy15

    Well that was disturbing…

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  6. halfbloodpope

    Giving respect where respect is due, Jennifer was absolutely correct in her shipping rates will discount post Jan 1st thesis.

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  7. matt_bear

    thank you for the heads up on BALT. i was able to liquidate at $6 yesterday. It was up to 20% of my portfolio so glad to be out with a winning trade instead of sitting around getting chopped up.

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  8. kevbonus

    JIF Super Creamy

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    • The Fly

      do a blind taste test.

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      • mspm

        Fly- Try Nuts ‘n More Peanut Butter and Almond Butter. Its fortified with whey protein and flaxseed. Gluten free and twice the protein of regular peanut/almond butter. I think WFM is starting to carry it now too.

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  9. growly

    You know it’s a crap to day when talk of hemorrhoids and JIF peanut butter is preferable to the market…

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  10. jimbajuice

    Teddie “Olde Fashioned” New England Peanut Butter

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  11. one-eighty

    Adams Peanut Butter is excellent. It is made with US peanuts only and doesn’t contain cheap imported Chinese peanuts. China fertilizes their food crops with raw, un-composted human shit so I try not to consume any food grown there.

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    • fractal

      It tastes like shit, though. Skippy tastes very good, due primarily to the reams of sugar they dump into it.

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      • one-eighty

        It tastes great, just like well roasted peanuts. I prefer savoury over sweet and besides, it doesn’t have any hydrogenated 5 cents per hundredweight bullshit random-seed oil in it.

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  12. The Fly

    Not true. Skippy has 3G of sugar, same as the others

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    • one-eighty

      That’s over half a teaspoon of sugar in two tablespoons of peanut butter. About three tablespoons in a small jar.

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