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
23,419 Blog Posts

A Slow Day at the Office, Bouncing Your Brain Off the Cement

I hope you faded the rally and bought bonds.

By the way, the best time, historically, to buy TLT is in August. The worst time to own it is now. This is getting pretty redundant but there are still some of you bears left. It is my job to hunt you down, capture you, then skin you alive until you learn your lesson. “The Fly” does this from the kindness of his blackened heart.

I hope you pussies enjoyed the nice seasonal weather, eh? You fuckers really seem to catch hard-ons for warmer climes, wasting away in a sea of beer. Perhaps if you’d spend 1/4th as much time focusing on productivity than cirrhosis of the liver, you’d be in a better position to make purchases? Then again, what the fuck do I know, some space alien magician who swam out from the sewers who now has fucking laser beams pointing at your dumb heads from outer space.

For the day, I made 0.94%–up 20% for the year.

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18 comments

  1. it is showtime
    it is showtime

    Bears are teein’ up

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  2. figesmalls

    Is oil/drillers dead?

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  3. ironbird

    Ronald is dead long live the Habit.

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  4. speerothekid

    are you preferring regional banks to the others here? or just certain ones in particular

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    • Dr. Fly

      High growth super regionals that aren’t hamstrung by bullshit to make loans and capture spreads.

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  5. matt_bear

    ’twas a good day. the former hedge fund i got out of mid-2014 for a staggering loss appeared to officially go tits up.

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  6. nocturne

    Is there any loan demand data to support these nearly 40 basis point moves in the 30 yr and 10 yr? Or does the market believe that raising the rates will cause even more car and home loan demand?

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    • Dr. Fly

      The spread between short and long term duration is all the matters. It means instant profit for banks.

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  7. halfbloodpope

    Good work on your hamburger trade. Credit where credit is due.

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  8. bruce keller

    I’ve been wrong a lot lately, so here you go. I think we are starting a MT downtrend! 😀 Could be P4. Lots of money has been flowing out of US equities since 4/29. $NYMO has been fortelling this. Tomorrow looks like it has the potential to get nasty, at least for RUT.

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  9. jpmorgains

    I think you mean concrete.

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  10. ironbird

    Been messing around in Exodus off and on the last 24 hours. There are some really cool features. The seasonality tab is nice. Obviously just getting started. Impressive.

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