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
23,471 Blog Posts

There Is Nothing Unusual About Today

Oil is crashing through the floor boards and high beta tech stocks have been placed into parallelograms and sent drifting off into outer space. Except one certain tech stock that goes by the ticker symbol CYBR, one of my largest positions.

If you’ve noticed, all of utilities, my one REIT, and TLT are higher too. Like I said, rate sensitive stocks are ideal for this market environment. TLT is telling you that the world isn’t safe and deflation is back. All of this places immense pressure on the carnivale clowns inside of the Federal Reserve, especially those domiciled in retarded ‘farm states.’ That Fed guy, what’s his name, from KC? Yeah, he’s gonna change his mind soon about raising rates.

The oil complex is just torn to bits. I am sure some energy focused hedge fund is crushed under the weight of this decline. Hell, even rail stocks have been crushed, and trucks!

Finally, this ebola thing is permitting some biotech stocks to run higher, ChessnWine has been making a killing in APT and found LAKE real early. But I can’t play these stocks. It’s too faddish. I do own some VICL from about 10,000 years ago. Apparently, they are trying to cash in on all of this infectious crap too.

With european stocks higher and Asia doing ok, we have every reason in the world to rally today.

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4 comments

  1. xxxhuggiebearxxx

    Pray for huggiebear

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  2. og

    Damn GPRO ambulance chasers.

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    • bruce keller

      Oh, it was news that caused the decline? I didn’t hear that news Oct 8 when its chart looked like crap anyways. 😛

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