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
19,840 Blog Posts

DOW 18,000

Let’s all take a moment to be thankful for the Dow Jones Industrial Average, as it approaches the historic number of 18,000. Never mind the fact that Visa made up 30% of the move higher, from 17,000 to 18,000, or that a myriad of high growth industries have been fucking pummeled into dust. Let’s simply ignore all of that and jerk off to the wonders of Dow 18,000.

One more thing before I go (extra Columbo), have a look at some of the returns of choice industries over these past 3, wonderful, months.

Oil and Drilling Exploration -44%

Alternative Energy -32%

Silver -29%

Gold -27%

Copper -23%

Steel & Iron -21%

Solar -17%

3-D Printing -15%

Broadcasting- Radio -15%

Foreign Utilities -14%

Construction -14%

Metal Fabrication -14%

Wireless Comm -14%

Toys and Games -13.5%

Chinese Burritos -13.5%

Chemicals -13.5%

Department Stores -13.3%

Oil and Gas Pipelines -12.5%

LED -12.2%

Security and Protection -12.2%

Internet Information -9.5%

Railroads -9%

Visa +23%

Hip, hip, fucking, hooray!

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21 comments

  1. berniecornfeld

    But its not deflation~!

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    • kdog

      This situation (and I agree with you) reminds of this MP skit:

      Now that’s what I call a dead parrot.
      No, no he’s stunned.
      STUNNED?!?!
      …he’s probably pining for the fjords.
      …what kind of talk is that!

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  2. badduck

    The speed of this energy decline is breathtaking, there is no way this is not a coordinated effort by the US and House of Saud to punish the Russians and Iranians. What’s mindblowing is that the US govt has no problem destroying the shale industry in the process, an industry that has accoutned for millions of jobs created in the last few years.
    If you ever needed to see real evidence that your government really could give two shits about you, this is it.

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  3. fluxcapacitor

    The stealth rally in financials, financial services, and insurers is amazing.

    Compare one-year charts of AIG, MET, LNC to the Chinese burritos, tech, and commodities plays that everyone here has been focused on over the past year.

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  4. clegger_2000

    Dowed Jones …

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  5. pirate

    Sorry I don’t have time to comment lads, I’m busy with ‘Wall street porn’, you know, ‘Jerking off’ to ah thar she goes… DOW 17,932….
    ahh, ahhhh YEAH!
    Arrrrr.

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  6. juice

    who knew that plastics line from The Graduate was referring to Visa / Master Card

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  7. sloop

    TC moving in the right direction so far today

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  8. budh

    Old McDonald shit the bed. It may not happen.

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  9. jpmorgains

    Are you ever going to stop crying and be a man again?

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    • kelly

      the woe-is-me drama gets readership, and the readership gets advertising dollars … viewership = $$

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  10. og

    Fucking GPRO.

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    • stratoboozer

      Damn right. I remember looking at it at $85, with my $67 basis on Nov 18th, thinking I should hit the sell button and walk away. Then I thought that I would be stupid to do that… Fly’s comment that it was a “$100 stock” echoed in my head.

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  11. dragun

    LOL on the Columbo. All yo needed to add was, help me understand something here.

    And if you were wearing a turtle neck it would be (extra Banacek).

    As for this post absolutely bang on. All you need to do these days is lean on a couple of stock to make the highs while the rest get monkey hammered.

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  12. btts

    Congradulation to who ever shorted gpro,slca,yelp!!

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  13. prometheus

    $DRYS on the dollar meal. $BALT down 5%. Bear market!

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  14. J Adabese

    The only interesting thing taking place in this market is the retarded selling in $GPRO and other momo names. They can’t catch a bid here…Damn!!

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