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
23,433 Blog Posts

Back to School

Today was the first day of school in New Jersey. I went to the morning ceremonies and then took my wife to breakfast, to celebrate in advance another long, arduous, year of making sure our children do not grow up to be idiots. Truth be told, school is an excellent day care centre and I am grateful for the tranquility around the house when they are being educated.

For me, the summer is over. It’s time to get back to work.

Draghi is the new Bernanke. As we end QE, Europe begins. This isn’t a coincidence and the euro has been sliding because of it. The dollar has been on a rocketship and our yields are at record lows. The US dollar is up almost 1% today. This is the macro trade that every Tom, Dick and Harry are piling into now. It’d be interesting to see how much profit taking in TLT can persist, while UUP heads higher. My guess, our bonds will be sopped up soon.

America is the place to be–the venue of choice for money managers. We have the safest currency, best technology and strongest military, next to the feared beards of ISIS of course.

Again, and I hate to bore you with my boredom, but I need at least two more weeks to see if my topping prediction will be correct. It’s very early September and the market is making new highs. Thus far, there is nothing but blue skies ahead.

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38 comments

  1. the pirate

    FUCK isis, Fuck Hamas, Fuck Islamic Jihad, Fuck Boko Haram, Fuck the Fakestine Authority, Fuck AlQaeda, Fuck Hezbullah, Fuck Islamic terrorists. Fuck em. Short terrorist cocksuckers, Long western civilization.

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    • Trent J

      +1

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    • Murph

      Well said Pirate

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    • Super B

      https://twitter.com/SenJohnMcCain/status/339455679800700928
      Important visit with brave fighters in #Syria who are risking their lives for freedom and need our help pic.twitter.com/tx4uX572ZP
      Fuck @SenJohnMcCain

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    • Neigh Tow

      You forgot two – Fuck Israel and Fuck the New York Mets! They both are nothing but problems.

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    • Super B

      Fuck Israel.

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      • yes

        Yes, fuck Israel.

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      • the pirate

        Fuck antisemites. Israel is on the frontline against terror and is facing the Jihadists head on.

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        • the pirate

          Oh, and before you start that, ‘I don’t hate Jews, I just hate Israel’ lie just answer this: Can you name an antisemite who LOVES Israel? Didn’t think so…

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        • Neigh Tow

          Super Fuck Israel with a Big Arab Cock!

          Israel is full of nut case war criminals. Just another bunch of nationalistic racist fascists. No better morals/ethics than ISIS, if you can’t comprehend that you are retarded. ISIS cuts off people’s heads on video – Israelis pour oil down a child’s throat and set him on fire. FUCKING ANIMALS – ALL OF THEM!

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          • the pirate

            Uh Neigh, did you forget to mention that Israel defends itself from Hamas/Hezbullah/isis terrorists by using fire breathing dragons and space aliens in its army also? I think you need to try your ridiculous propaganda elsewhere where the IQ’s are substantially lower.

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          • Neigh Tow

            Google it idiot – then punch yourself in the balls – fucking animals.

            http://www.cnn.com/2014/07/05/world/meast/mideast-tensions/

            Hamas shoots a model rocket at the US taxpayer funded iron dome system and Israel retaliates by dropping a 2,000 pound bomb on a UN school. Even fire breathing dragons and space aliens have more brains that that. Fuck ’em all – behave like animals, die like animals.

            FUCK isis, Fuck Hamas, Fuck Islamic Jihad, Fuck Boko Haram, Fuck the Fakestine Authority, Fuck AlQaeda, Fuck Hezbullah, Fuck Islamic terrorists. Fuck Israel. Fuck Tards.

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    • Cascadian

      They’ll cut your head off. Just to call you out and say they are tougher than you, With Allah’s help they will take over the world ending western debauchery. Our women will be distributed to their fighters in forced marriages. Several for each.

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  2. matt_bear

    your top call while not retarded like ms. nymph traders….is ultimately no different, sir. to the fag box it goes.

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    • Cascadian

      Nymph has been a bear all day, every day, for 6 years. She’s correct as often as a broken clock. Fly at least calls out changes in direction as he sees them.

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  3. it is showtime

    Buying NSPH

    Is obviously in retardo mode but cant help it. I sold a swing trade on a spike a month or 2 ago and posted. Taking the plunge

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  4. Dr. Fly

    Where is the “BUY NUGT” guy?

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    • Mister Jinx

      Nice to have him absent. Perhaps he is with your children in school.

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    • dfasd

      Versus the guy who is buying crap small cap media stocks at alltime highs and is down 25% YTD?

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  5. BadDuck

    If the day ends in Y then you must buy.

    S&P 3000 sez never wrong Morgan Stanley.

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  6. Super B

    Unmarried Childbearing
    Number of live births to unmarried women: 1,609,619
    Birth rate for unmarried women: 45.3 births per 1,000 unmarried women aged 15-44 years
    Percent of all births to unmarried women: 40.7%
    Make sure they do not make friends with bastard kids.

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  7. Formergeek

    Seems we’re ever closer to the future envisioned in ‘1984’ with it’s 3 large big brother powers

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    • biffer

      Great movie.funny how it’s very seldom (if ever) on.Coincidence?I think not.

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      • gnat

        Actually Idiocracy is more accurate on how not thinking is going to work out for the majority of civilization.

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  8. Jersey Whale

    As far as tops go I read that Carmelo Anthony has started a VC firm, the top could very well be in.
    http://blogs.wsj.com/venturecapital/2014/07/21/nbas-carmelo-anthony-gets-into-the-seed-investing-game/

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    • ironbird

      Good point. Also the screaming brats commercial that has been playing all summer. “We are going public!”.

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  9. EFHutton

    The dumpage could start manana.

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  10. gorby

    no top,just a slow melt up through 401k season

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  11. Gimme a New Fucking Avatar Thingy That Does Not Look Like An Ebola
    Gimme a New Fucking Avatar Thingy That Does Not Look Like An Ebola

    ENPH and CSIQ still banging off the ceiling. Too bad I sold most of my positions.

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  12. blackalgo

    Long and strong September. Just bought FEYE!

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  13. Vatkpsmfrmfloppn

    My wife got a raise. She is increasing her 401k contribution where they don’t allow short positions…Soon the Goldman brothers will be borrowing her stock in order to assure that she properly allocates her portfolio. Fuck ISIS.

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  14. Bruce Keller

    You were a day too early. Short Term Top is Today. Market has to see Draghi actually start up QE anne frankly I don’t know if it can stop the contagion, it’s probably too late.

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    • OG

      You’re probably right. Got back to my march highs and giving a good chunk back today.

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  15. Zerosum

    Our military is the most overrated in the world. Yeah, it’s mostly due to our political leadership and misuse of forces, but a serious review of the track record since 1950 will tell all but the utterly blind that we haven’t been getting anywhere near our money’s worth. The revolving door between the Pentagon and private industry is just as disgusting as the one in congress. But hey, Goering was right: just tell everyone constantly that even a bunch of ragheads thousands of miles a way are a threat to their children and the sheep fall right in line.

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  16. dfasd

    Miners WAY oversold here. Buy NUGT. Dec 50 calls at 2.50. That should tell you something.

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  17. dfasd

    NUGT prints 45 next week

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