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

STAY FOCUSED

Bonds and stocks will continue to trade inverse to one another until we hit the right numbers. Either stocks hit levels that causes it to plateau or bond yields rise to a reasonable level. The dollar continues to make gains versus the euro, which is an incredibly crowded trade. I don’t play forex; but I hate long dollars here.

Ari

Look, TLT has been a great place to hide for the past year. The market has moved away from bidding up speculative money losers, in exchange for larger cap free cash flow generating machines. Because of this change in market dynamics, investors were hurt over the past 12 months.

Over the past week or so, chinese burritos and spec biotech have been running with their socks off. While it’s nice to enjoy these gains and see speculation spreading throughout the marketplace like a good form of cancer, it’s important that you remember that there isn’t a such thing as good form of cancer.

Sell the rips in these names and stay focused on the real companies, who might be selling off a bit here.

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15 comments

  1. evilspeculator

    “the dollar continues to make gains versus the dollar”

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  2. og

    Has Mark Cuban lost his mind?

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  3. zuul

    This is the area that bonds start looking good again. The only question is whether ECB QE can push up European yields to the extent that people stop playing catch up in USTs. If it hasn’t already – while DAX is up like 15% this year – I don’t think it’s going to. So…. buying bonds.

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  4. tradercaddy

    I am done.
    Started the day after Thanksgiving and I painted the entire outside of the house (about 3100 sq. ft.) and 75% of the inside. Never fell off the ladder and avoided the wasps, bears, and other wildlife.
    I know why painters have the rep of being an alcoholic (going to celebrate with a beer).

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    • alty

      You know if you had actual neighbors, you could share these stories with them too.

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      • tradercaddy

        Yes, this is true.
        Found myself talking to a magnolia tree the other day (and it talked back, too).

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  5. sniper6

    Thought I’d swing by the old neighborhood for a look-see. Still awesome, kudos!

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  6. berniecornfeld

    I fully expected the OSC to take out Mark Cuban after he posted this.

    http://blogmaverick.com/2015/03/04/why-this-tech-bubble-is-worse-than-the-tech-bubble-of-2000/

    The Fly is getting old and slow 😉

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  7. budh

    Long European vacations.

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  8. it is showtime

    They are workin hard runnin this back up today. Some days manipulation is a tough job

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