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
23,436 Blog Posts

The Market Needs to Pause

I heard on BBG radio this morning, as I drove my kids to school, that France is enjoying the lowest rates since the 1740’s? If so, I want to know why rates were so low back then, with all of those barbarians running about cutting each others heads off?

Anyone?

Markets are soft on the open; but do not expect them to stay down for long. On the other hand, do not expect any significant upside either. We haven’t had a 1% day in over 40 trading days, which is lending to the steady deterioration of the VIX. By the way, is there any better investment than XIV (inverse VIX)?

I’m just a little skeptical here. I don’t like to follow the herd for too long, as it makes me very uneasy. When the markets were dropping, I refused to jump onto the world is ending bandwagon. Now that everyone loves stocks again, I am on edge. I’d feel a lot better if I could buy a shallow dip. Nonetheless, I almost fully invested here, with less than 5% cash. I am overweight biotech and will be vigilant to take profits and cut losses quickly.

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8 comments

  1. the pirate

    How is this NOT the biggest story in the news especially with what is happening in Iraq? where’s the coverage??

    http://www.thegatewaypundit.com/2014/06/radical-obama-dhs-advisor-it-is-inevitable-that-the-islamic-caliphate-returns/

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    • Ohthe BOMB

      Who gives a shit. Get the USA’s Neocon Nose out of the Middle East.

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      • the pirate

        I agree, but this guy doesn’t – and HE works at the DHS. What kind of people are running our government here??

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  2. James Norton

    Would you prefer XIV or TBT?

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  3. drake sucks

    Maybe the “growth slowing” meme got started in the 1740s by a Monsieur McCullough, who was promptly beheaded in the town square?

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  4. I Am Jesse Livermore

    long SCTY

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  5. DisgruntledPharmacist
    DisgruntledPharmacist

    JDST/JNUG is dealing the best meth in town.

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  6. I Am Jesse Livermore

    SCTY running like a scalded monkey

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