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
23,445 Blog Posts

Morning Poppers (Markets Don’t Bottom on Fridays Edition)

Morning lads

I bet you thought we’d bounce today — you spoiled fucking brats. It was real easy to justify your existence with a market sporting a Sharpe ratio of 2.80, wasn’t it? Now with it going down and all, you’ll be exposed for the fraud that you are — an absolute faggot, absolutely.

The DAX is getting beat down this morning — off by 1.6%. The Russians are getting it even worse than that — down 2.3%. Here in America, land of the mentally retarded, futures had been +250 and its investors had schemes — but they’ve been dissipated and now they’re gone. Poof.

Dow futures are barely +12 and you should expect the market to get crushed today.

WTI is -1.5%, gold flat, copper -1%. The dollar is flat and Bitcoin is -4.5%.

Here are the other headlines.

Control4 upgraded to Buy at Maxim Group; tgt raised to $36
CVS Health downgraded to Buy from Strong Buy at Needham
NVIDIA target raised to $305 from $253 at SunTrust, Street high; remains Buy
Skechers USA target raised to $50 at Monness Crespi & Hardt
Ferrari to launch a share buyback program of up to Euro 100 million in common shares
Cameco beats by CAD 0.11, beats on revs
FireEye upgraded to Positive from Neutral at Susquehanna
Wynn Resorts downgraded to Equal-Weight from Overweight at Morgan Stanley
Mettler-Toledo upgraded to Buy from Neutral at Citigroup
iRobot upgraded to Neutral from Underweight at JP Morgan
Amazon said to be planning to launch a delivery service for businesses, according to the WSJ
3D Systems downgraded to Underweight from Neutral at JP Morgan
American Intl upgraded to Buy from Neutral at BofA/Merrill
Yamana Gold upgraded to Outperform from Neutral at Macquarie

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8 comments

  1. acehood

    NVDA up 10%

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  2. roundwego

    Experience is the only way to build a traders gut instincts. Doubling of treasures issuance this year. Let that sink in, after nine years of unprecedented printing. Hyperbolic printing has its reprocussions.

    https://www.zerohedge.com/news/2018-02-08/paul-tudor-jones-market-feels-japan-1989-or-us-1999

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    • sarcrilege

      N/A. USD is reserve currency – most liquid adn deep, periphery will/is collapsing, periphery bankrupt more than US, global capital will move into “safety” of US equity/debt markets.

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  3. edge

    Unprecedented printing? What has been printed, and by whom?

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  4. infinitezuul

    retest of the highs IMMINENT

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  5. ironturd

    Absolutely crushing these market calls Fly, def a short thru the weekend

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