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
23,414 Blog Posts

Commodity Stocks Continue to Get Clubbed to Death in Do-Nothing Session

On the surface, stocks are gently gliding higher. But underneath the hood, pure evil persists.

Crude oil closed lower by 1.4% and the Trump trade seems to be in doubt, after a flurry of reports indicating the catamites in the uniparty are uninterested in cutting taxes. After all, that might help the middle class. No one wants or needs the uppity middle class — craven beats trying to enlighten themselves with news.

Sir, you will take the FAKE NEWS that I giveth to thou and digest it whole. Meanwhile, I shall raiseth your taxes and send animals to distribute drugs and gender neutrality pamphlets into the schools where your children reside.

At some point you will all come to realize that if you’re not an establishment shill or ward of the state, you’re the enemy — irrespective of your political leanings.

Back to the topic at hand.

SELL OFF

Look at the far right corner there. See the breadth? Dreadful.

On the plus side are beverages, plastics and other defensive issues. This is not a good day for stocks — regardless what the Dow Jones index says.

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7 comments

  1. lesurgeon

    Do you have a price Target in mind for UEC?

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  2. mr.wiggles

    Breadth is FAKE NEWS!

    Just got long $VALE at $11.11 for an earnings play — $11.11 feels like a lucky number to me.

    $CLF thinks breadth is VERY FAKE NEWS and doesn’t give a fuck.

    Eat well,

    Mr.Wiggles

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    • Dr. Fly

      What should I eat? A soy steak?

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      • mr.wiggles

        Tonight, you should make burritos. Keep it fun and easy.

        Quinoa (boiled in low sodium veggie broth), black beans, pico de gallo, dayia cheese, and lettuce.
        As a side, make a kale salad with fresh strawberries, pine nuts, and oil and vinager.

        Beverage–your choice.

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        • cancel19

          The farts from that combination should send UNG through the roof! Extra CHK!

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  3. anjingbauwau

    Frac sand companies bucking the trend

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