Although the market is flat today, there is widespread panic amidst a number of sectors, especially oil. Drillers, as a collective, are down a staggering 8% today alone. The month of December, usually marked with subtle moves and feelings of euphoria, has been nothing less than hellish for momentum players.
Here are some of the standouts, MTD.
(mkt cap bigger than $1bill)
BITA -21%
YY -15%
CTRP -16%
MBT -18%
CLF -17%
FMSA -25%
EMES -21%
BBEP -32%
YNDX -20%
TWTR -12%
GPRO -13%
ANET -18%
BIG -20%
JCP -22%
TSLA -11%
TNH -27%
EXPR -15%
On the bright side, the NASDAQ is slightly lower for the month, off just by 0.5%. Technicals have held up great, despite the collapse in oil. The last two times the NASDAQ fell in December was in 2011 and 2012, off by less than 1%–just like now. In January of 2012 and 2013, the NASDAQ rose by 8.43% and 2.67%, respectively. The market looks like shit now. But don’t count out a strong reflect rally in January. Until then, try to endure hell best you can.
If you enjoy the content at iBankCoin, please follow us on Twitter
End of year fuckery
I held off for so long, but finally jumped on GPRO last Friday morning. As you might imagine, I’m now left with that empty feeling of putting $20 into a slot machine, and walking away 2 minutes later with nothing…
I like to calculate my losses in number of escort / stripper opportunities lost
Would you be so forthcoming as to tell me how many escorts you’ve lost this month?
And just how much is an opportunity these days? I only ask because at this rate, I may need to rent myself out for a bit…
I know you think oil will not be v-shaped, but I’m surprised you don’t see it as an opportunity. Is this not “blood running in the streets” time?
That maxim only holds if the blood isn’t yours.
Energy will bounce, probably before January if we keep crashing that fast. I’ve been very bearish on the market and wrong. But I’m still very bearish. Maybe things are different this time? We will see.
Yes. Energy will bounce before January. The real question is… which year?
You’re dangerously close to missing out on a truly epic opportunity.
At least that’s what my latest spam email said, LOL.
Nice GPRO
GPRO closer to 45 than to 90… Come to daddy.
BANNED
hahahahahaha
Short any commodity known to men.
down 12 bps MTD, I’ll take it
OPECs current output weighted fiscal break even price is $105 bbl.
Middle Eastern governments have been increasing their spending to avert peoples discontent regarding the lack of sufficient jobs, high inflation and the political regime. Revenue from oil exports is flat. OPEC members have found this to be a problem because their populations continued to grow and their need for water and imported food has continued to rise. These countries need ever-more tax revenue, but oil revenue is not providing it at the current prices. Low oil prices for extended periods will cause deflation, and that is a scenario that nobody wants or will tolerate.
All true. And yet all the oil producers will maintain production because nobody wants to be the first to cut.
CLR down another 9 % at 34 and
that blast from the past DRYS breaks the buck.
lol > REXX LINE YNDX
2x lol > ACI is 1.78 ANR is 1.70
flipside ? BLUE up 8 % ALNY up 8 %
ISIS up 9 1/2 %
merry fuckery christmas
Where is that pic from? Was that a horror movie or a comedy?
I just took a look at the SPDR sector ETFs YTD. Everything but energy is up significantly.
http://www.sectorspdr.com/sectorspdr/tools/sector-tracker
I think I’m gonna puke.
Seasonality (yeah I typed it) is pretty dreary until the 19th. Are your possible January rally thoughts discounting a Santa rally this market?
in SFL 14.72.
in FTR 6.57.
will look to add to either today or tomorrow.
ex-div on both 12/10