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
23,460 Blog Posts

Do God’s Work

Now that rates have gone up and the yield curve steepened, banks will begin to truly bank coin now. If economic activity gets into the 3-3.5% GDP range, you are going to see the mother of all bank stock rallies commence.

My favorites are super-regionals, like SBNY, BOFI and FRC. Bigger banks like BAC, C and WFC work too. Not only that, investment banks, brokerages and asset managers will trade higher, as stocks continue to make new highs.

I am long JNS, LAZ, MS, SBNY and would like to own ESNT, SF and WETF.

In short, the Lord has placed bankers on earth to help his fellow man. Lads like Lloyd Blankfein, clan leader of the Goldman Sachs tribe, should be revered as men of the cloth, charitable and kind. The true evil doers are the Occupy Wall Street mobs, men and women clad in stolen clothes, thieving their way through life, drunk and high from needles filled with heroin.

I believe the next leg of the market will be led by tech and finance. Don’t be surprised to learn of mergers as the yield curve steepens, jackass.

Good day.

If you enjoy the content at iBankCoin, please follow us on Twitter

5 comments

  1. dragun

    started getting long banks last month via ETFs. Increased exposure this month by 1/3.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. clegger_2000

    PNC and CFG rocking.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. vampyr

    TWTR

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. bruce keller

    Do you think casinos are OS yet? I have a buddy that does business in Asia a lot and apparently Maccau is practically a ghost town compared to a year or two ago. I have a hard time thinking it’s over yet, at least for WYNN, because of the huge down volume a few weeks ago.

    • 0
    • 0
    • 0 Deem this to be "Fake News"