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
19,618 Blog Posts

BONDS SOAR, STOCKS COLLAPSE — FEAR IS IN THE AIR

TLT is hitting fresh 52 week highs today, while oil stocks are down more than 4%.

The drubbing in oil is starting to have an effect on HYG — which is lower by 0.57%.

The 10yr is down a staggering 8bps to 2.31%, fresh lows. This of course is good news for dividend payers like ED, TR, and DLR — which is why I bought them yesterday. Valuation expansion is the buzzword for value stocks — an area of the market that should be protected with rates going down.

The news out of China is getting antagonistic.

“If the U.S. would like to keep on negotiating it should, with sincerity, adjust its wrong actions. Only then can talks continue,” Ministry of Commerce spokesperson Gao Feng said Thursday in Mandarin, according to a CNBC translation.

We have a rich environment for summer doldrums.

I’m excessively rich today thanks to my DRIP, TVIX, and FAZ positions. Even my ROKU is higher, which is arguably the best growth name out there now. Even my doubled sized LK, Chinese coffee piece of shit, is higher. My birthday is on the 25th of May and I couldn’t ask for a better present — me sacking you and crushing your bones into dust.

The big story of the day is oil — getting beaten the fuck out. Everyone is gonna want a piece of my DRIP today.

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14 comments

  1. MoonshineDelight
    MoonshineDelight

    and the VIX hasn’t even kissed 20 yet.

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  2. ferd

    Sorry to hear you have both ED and drip. No shame in this. Did you know adult diapers outsell kids’ in Japan?

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    • numbersgame

      No shame at all. Perhaps when you are older you’ll learn about hedging.

      Example, You don’t know how the energy sector will do, but you do think that ED is the best one to own. That way you isolate the company’s relative fundamentals from the industry exposure.

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  3. tradingnymph

    OMG nobody is talking about the EU elections!! It is so sniffing of Populist Wave out there..MARINE Le Pen’s far-right party are tipped to top the upcoming European parliament elections with 24.5 per cent of the French vote, comfortably ahead of President Emmanuel Macron’s centrist La République en Marche (REM), an Ifop-Fiducial poll published on Thursday. For China duh, duh, duh….they don’t want a deal, they need to slow their economy and now make the USA the villain to their people. All win/win.

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    • ferd

      More like their economy is going to slow, so they might as well blame the US. They poured in stimulus six months ago, and didn’t get much for it. The writing was on the wall.

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      • tradingnymph

        Ferd, China has been stimulating the entire world Since March of 2009 when they started buying up huge amounts of Copper, etc and stockpiling. Chinese has overspent all of the Central Banks QE’s in Stimulus dollar for dollar. They, along with Central Bank, have created this HUGE HUGE Ugly Bubble…global growth never came back…just a bubble they know they have to deflate. The writing on the wall has been there since March of 2009..I just didn’t know how it was going to end. T/A, Fundies, etc is easy…bubble analysis is hard.

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    • omfgitsjd

      The trade discord and division between western nations is adding downside risk in the markets. But, even without the added trade discord and division, the business cycle can’t be a market that grows to the sky, in my humble opinion.

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  4. fxtradepro

    Today was an extravagant day long fixed income. I will eat like a king tonight, perhaps order myself the old 96er from Paul Bunyan’s- Off to the northwoods ala Roman Craig in the Great Outdoors – because that’s what us Chicagoans like to do on long holiday weekends….live like barbarians and cruise shit invested lakes on pontoon boats. (Being dragged up there by the wife’s family). Enjoy!

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  5. roundwego

    Tvix lotto ticket is in the green and ready for blastoff. Max short positions in tza, faz and sqqq all well into green. This is gonna be one hell of a sell in may and stay away.

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