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
16,396 Blog Posts

GREAT AGAIN

As chaotic as Trumpism is, with little getting done other than provide the country with endless spy novel tier intrigue, markets have loved it. You must admit, the markets haven’t been this good in years. While it’s true, Obama was great for markets, it’s also true that markets hadn’t done much since 2013.

Even though 2014 sported gains of 13.4%, anyone who was trading that years knows and remembers that tech got absolutely poleaxed, with bubble stocks getting annihilated and cut in half during the first quarter. In 2015, markets trod water, up just 1.4%. And, finally, 2016 was a do nothing year, up until election night — which spurred a 10% rally in stocks into the New Year’s — placing the SPY ahead by 11.4%.

Halfway through 2017, markets are +11%, while the fag heavy Nasdaq is +21%. You cannot argue or debate the fact that Wall Street loves Trump. They may not like his ideas — but they positively love the fact that he’s in there, cheerleading for America, while absolutely nothing changes but the date on the calendar.

Here’s an update on my positions.

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11 comments

  1. ferd

    or whiffing inflation worldwide …world markets are up as well

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  2. metalleg

    I think the markets like Trump more than they would Hillary because he’s a better looking woman.

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  3. heaterman

    Chaos rules. Indeud!

    As proof I offer the following tidbit.
    Change.org, a totally lecherous and faggot ridden group if there ever was one, launched a petition today requesting disbarment of Dennis (The Worm) Rodman from the NBA hall of fame.
    Grounds for this petition to the NBA are based on the fact The Worm freely associates with the fat little man running North Korea. Hence, it is claimed in the petition said Worm is besmirching the reputation of the NBA.
    This is laughable because the reputation of players in the NBA is one of wanton womanizers who have children scattered across the USA, Sodomites actually playing in the league, and are generally spoiled rich children, much like the Kim Dicktater themselves.

    Somehow, I found this demand hilarious enough to laugh right out loud at it’s absolute blindness toward the antics of the NBA itself.

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  4. it is showtime

    I believe it’s a ruse. take it for what you want. have at it. have at me.
    I will be proven right

    Index levels are solely stretching their distance from earth ground reality
    Lol it’s not cause of #45

    The setup CBs and BenB cohorts put in place during a globalist(‘s) reign
    Persist

    Hard to argue the design of a tinderbox scenario hasn’t occurred since Nov 8,
    If not a Vindictive Tinderbox

    F and U

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  5. joyous__ending

    I sold a bunch of stuff in mid-June and thought I was a frickin’ genius for nailing the top.
    Burned again…
    Those 1000pt Dow pullbacks of the past eight years are gone.
    Buy and hold is really the winning strategy for the times.

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    • it is showtime

      ShillerPe over 30. I refer to that because it’s historically visual
      http://www.multpl.com/shiller-pe/
      What do all large peaks and peak levels result in? Return to the norm

      Keep going higher, The only only result is an eventual return to the norm

      The older generation in our society has a black pentagram on them,
      The 3rd consecutive bubble
      They allowed it again, Quite staggering a generation could be that stupid

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  6. cancel19

    At this point I can only imagine what the market’s reaction would be if the butt hurt Retardrats, Neocons and Repubiassholes let America Great Again agenda gain ground!

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  7. moosh

    The spin to the masses will still be – king Obamy created the greatest stocked market gainz of all time and this is just the run over of his great policies. Until Trump starts passing the shit that actually helps the economy which he speaks of, is when they tank the market.

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  8. arnoldsimage

    Did your ark get torpedoed?

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