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
23,418 Blog Posts

Markets in Defensive Mode Ahead of Le Fly’s Vacation

I’ll be heading up north soon, on a road trip, for an undisclosed amount of time. I don’t like to drive for too many hours, so I’ll be making stops along the day — until we hit Maine. Meanwhile, the world is preparing for nuclear war. I cannot think of a more delightful thing.

Just imagine if Hillary Clinton had been elected. Why that war monger would have us in a nuclear war within one year of her Presidency.

Stocks are weak, as expected. It has little to do with Hawaii facing annihilation. We are long overdue for a sell off. The usual defensive names are outperforming, namely gold and bonds. As fate would have it, I happen to be long both.

Banks are really getting nailed today because of the MUH yield curve tightening. But really, do not place much credence into today’s sell off.

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6 comments

  1. natehois

    Don’t stop in that drug infested den

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  2. bushwacker2

    Make sure to stop in Baah Haahbah for some lobstah.

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  3. mx2101

    Enjoy the trip. You can probably find a decent dinner in downtown Portsmouth.

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  4. tradingnymph

    Hi Fly! I am starting a 10 day road trip next Wednesday too. TOTAL ECLIPSE TOUR..Casper Wyoming. This Cali Girl has never never been to fly over on purpose before.

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    • bushwacker2

      Cali girl calls it “fly over”…typical. WY is God’s Country, Cali girl. Show some respect. If you go through Jackson, wave at the Grand Teton. I’ll be up there for the eclipse.

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