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
19,458 Blog Posts

Markets Are Set to Move Higher Again; I Am Embedded in Wanton Degenarcy

Pardon me, I’ve had too much to drink. Nevertheless, futures are indicating higher. Oil is higher. I have 60% of my assets in small cap refugee stocks, hoping to make it to the promise land and become rich.

Some of my longs include AWRE, ANIK, CEVA, DLTH, PBPB and FRO.

None of the aforementioned stocks were made subjectively. Instead, they were automated. By my robots, at my behest.

The modality of the market has been straightforward, no chaser: up. But, it’s worth mentioning, yields have been plunging lower for all of 2017 — creating an Obamaesque environment — whereby financials might soon get trounced and only tech will flourish. We’ve already seen these trends play out in recent months. The Trump reflation promises have fallen short. The oligarch supremacy will annihilate any and all populist skirmishes. Free cash flow amongst some of the elite companies has exploded to the upside, causing multiple expansion to grip cynics and force them to acquiesce.

Stocks are trading higher because profits have risen. The only viable path forward is to focus on companies growing the bottom line. This might seem foreign to some of the chart slaves amongst you. But, in your spare time, take a gander at the best performers and find solace in knowing there are men out there, like me, who understand how it all works.

Even though I’d like nothing more than to see markets cracked asunder, I am smart enough to see that nothing, literally nothing, can stop it from heading higher (I ironically write this in the hopes of jinxing it, a paradox indeud).

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6 comments

  1. natehois

    What is your drink of choice tonight

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  2. probucks

    Real men are 100% long XIV

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    • Dr. Fly

      I cannot rebut that.

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    • oilerua

      Real men at this point have a bunker , a bulletproof jeep , guns , some gold stuffed in a deep hole , and are super calm while keepgoing and prepare everyday better

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  3. roundwego

    The exuberance of Italy bank bail out will fade quickly as Germany must penalize Italy or pigs will start printing on their own.

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