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

Psssst, Come Here, Let Me Tell You Why the Market is Up

BECAUSE THE UNITED STEAKS OF AMERICA HAS NEARLY $20 TRILLION IN DEBT.

Rates are NEVER going up.

Oh, and I am very happy to see the market up and you’re not being executed any longer. But this market is built upon the blood, sweat, and tears of oil. If oil doesn’t move higher, neither will the market.

Rails look the best for a trade.

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15 comments

  1. frog

    we already know rates are never going up

    so why the fuck are we rallying

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  2. juice

    Doc Earl is the new Doc Copper

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  3. Zuul

    A weaker dollar is very bullish for oil, obviously – not sure why it hasn’t rallied other than the technicals are such a mess – maybe Yellen needs to tell the house of Saud that she is losing support for her drone campaign on ISIS

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    • Zuul

      Not sure why oiyle hasn’t rallied, that is

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      • bood

        because market need it for the next stage ( rally over for new highs )

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        • Zuul

          Those dollar comments should have boosted wti back to the 89 area at least. I also believe we are going back to new highs but the lack of a follow through in oil is odd.

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  4. TraderCaddy

    EZ $$ continues as I found out coming back from my 22 mile bike ride.
    Made the switch this AM (@ 10:45 price) from Rydex 2X inverse Russell into 2X long DJIA so I am happy.
    Even thought of Fly as I passed the Dixon Ticonderoga corporate HQ (pencils) thinking I might see a “black” pencil laying around the trail (too bad they don’t make the blackwing).

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  5. xxxHuggieBearxxx D.P.M
    xxxHuggieBearxxx D.P.M

    Going full Rick Ross on you bitches today.

    Listen, Fly, its not too late to partake in the festivities….we will be challenging the highs next week!

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    • lol

      Man that part about new highs next week just made me feel down as if you just jynxed it….

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  6. Billiejones

    How bout SLCA here Señor Fly? Muchas Gracias.

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  7. Highsurf

    Well it’s nice see some green on my longs, but I don’t know if I’m being rewarded for bravery or just being teased for my stupidity.

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