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
16,856 Blog Posts

Let’s Have a Look at the Great Bull Market of 2017

We’ve definitely run into some resistance as of late. Part of the recent reticence in stocks is due to the Nov-Dec rally, post election, which caught everyone off guard. Now we’re digesting recent gains, sitting around doing nothing, while Mother Market decides where to take us next.

Much of our future is dependent on the Trump movement, how much he can get done in lieu of Washington shills interfering in his populist ways. Also, Federal Reserve policy might begin to play a key role soon, especially if their tightening is compounded by ECB and BOJ tightening. Next thing you know, we’re all in the back of a jam-box trying to sort out our lives in a post-capitalist society.

For the year, there are extreme losers (extra Bernie Sanders) — in light of the grandiose headlines being purported. For example, Department Stores are down 20%, Oil and Gas Exploration -17.3%, Long Term Care Facilities -14%, Food Wholesale -12%, Apparel Stores -12% and Drug Delivery -11.5%.

On the upside, there is Nuclear +25%, Aluminum +25%, Semis +21%, Consumer Services +19%, Home Improvement Stores +19%, Security and Protection Services +18% and Residential Construction +15%.

So what do we glean from all of this pin action?

Retail dominated industries are the plague, as well as anything healthcare related due to the uncertainty of Trumpcare. All of the Trump themed trades are doing well, but crowded. There have been many people piling into commodities and construction plays in hopes of a gigantic infrastructure bill.

What’s next?

I think it makes sense to accumulate larger industrial names who will benefit from better trade deals, lower tax rates, and a boost in global GDP. With my money, for now, I am 100% long $WLK. That might change, as I dig deeper into this narrative.

The bull is alive and well, in spite of its sluggish demeanor. Bide your time and watch the headlines closely and hope the country doesn’t implode before we can make our fortunes.

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13 comments

  1. mistermoe

    Next headline on this shill blog?

    Comey destroys Trump in Congressional Testimony

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  2. reversion

    This blog disregards info from the FBI since they are all Dem’s and on the take. LOL

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    • Dr. Fly

      I am working on a Comey blog now. I am trying to only focus on finance during market hours, so pardon the lack of shilling during the day.

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      • reversion

        Takes awhile to come up with more excuses…. totally understandable. Eventually youll stop trying to defend the pussygrabber.

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  3. it is showtime

    Not as many Dow 25(k) or Dow 30(k) sneers on zh lately lol
    Some of those are somewhat obvious psyop bots or spam
    I’d say that the index programmers are challenged now
    Dow25-30 comments are a decent tell anyway of the
    imminent top and manipulated bull market stint

    STINT

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  4. it is showtime

    In the history books, the post-2016 election stock jump, will not, be called a rally.

    Caught everyone off guard? After a few trading days I knew what was happening.

    Absolute

    Fake

    News

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  5. john_galt

    You’re late mate. You had the last 8 years to make your fortune bidding this market going up. Now, it is time to protect assets not squander them. Accumulate physical pm whilst prices are still cheap, and look for some good farmland.

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    • Dr. Fly

      Unless you have a time machine and insight into the future, your opinions are subject to the repetitive faults of man.

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    • thegametheorist

      My dad bought 50 acres in Mississippi 2 years ago and we are about to buy our “neighbors” to up it to 200. As soon as we sell the house in the city. Quit my finance job last month to become a farmer. Can still trade from my phone. Long live the farm.

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    • jsal56

      Farmland? Good luck with that, everybody mentions farmland but never water in the same sentence.

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