Utes and tech are leading the way up. Fuck you.
Breadth is a paltry 62%, yet this is the shit on CNBC.
Here’s breadth per sector.
Basic Materials: 63%
Financials: 52%
Consumer Goods: 50%
Healthcare: 55%
Industrials: 35%
Services: 55%
Tech: 70%
Utilities: 68%
If you weren’t long an egregious amount of electricity stock or semis coming into today — you’re losing money. I fact, right now most of you are feeling like complete shit — seeing the market up and your portfolios doing dick.
Am I right?
This is designed to demoralize you in order to get you to make a stupid move, in order to steal your money. Do not let them do it. Tell them to fuck off and to give blow jobs to donkeys.
Might I add, this is a fine time to remain short, especially asshole tech stocks and biotech. But that’s just me talking my book.
Aside from that, I am fine long OSTK and NUGT — both performing admirably in an otherwise rancid day for longs.
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Is it my imagination, or does Zuckerberg look like Lloyd Blankfein in that picture?
I’d like to hear Fly’s commentary and analysis of Billions
I only watched a few episodes and I did not like it. I felt it painted industry as wholly degenerate, which is only partially true. It was like a caricature. Should I give it another try?
The Bobby and Chuck characters are strong (Giamatti is worth it alone, imo) and the wife is not bad but other than that it’s very mediocre writing. Too bad because they tried to base it off Cohen and SAC so that should have written itself.
Anytime Dow is up more than 150, you see all the large caps doing ok but that’s it. But CNBC will spin it like every single stock is melting up. As OA used to say, Dow 50 is what you want if you are in small/mid cap stocks…. gives them a chance to shine and make big moves. When Dow goes up big, you’ll often see a nice gap up from small/mid, but then they fade the rest of the day.