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
19,850 Blog Posts

Stocks Are Going to Trade Higher

Enough of the bullshit. Rates are climbing because optimism and fuck the Fed. Rates are climbing, so you need to steer clear of defensive stocks and gold. Rates are climbing you fucking faggots. Rates are climbing.

Happy Monday to all of you out there, alcoholics and vegans alike. We’ve got ourselves a nice rally on our hands and nothing can stop it. What you need to do is quit trying to time markets and just get in. Fuck your watchlists — you need exposure ASAP. The holidays are just around the bend and next thing you know — BAM! — Thanksgiving brings forth the Turkey Gods to pour some thick gravy down your gullets. You cannot possibly think it makes sense to short American into Pecan Pie — do you?

That’s what I thought.

I got a runner today, SGEN, purchased on Friday. Consider this my “fuck you” and Monday morning “hello” trade.

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5 comments

  1. og

    SAAS stocks look broken?

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  2. spaceman

    I’m all in all in I’ve been all in ok ok gone nowhere in 3 months 3 months nowhere nowhere nowhere.

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  3. numbersgame

    We were stuck in the “box” on Oct 10. “China trade deal” – which we now know was complete BS, popped us out. Here is the SPY intraday record since then:

    unchanged
    unchanged
    +0.6% (not bad for an intraday move)
    unchanged
    -0.1%
    -0.2%

    Also, this is Day 5 in the attempt to close above 300.

    Earnings coudl set the tone, but unless they are way below or above expectations, then the reaction to earnings in unpredictable.

    Just look at NFLX, which opend +7% after earnigns then plunged. Did the NFLX earnings cahnge sicne the open? No. People just read the same news and reinterpreted it within 48 hours..

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    • alty

      Yawn. That is a trend that has been in place over 25 years for SPY. Cumulative gains have all come in after hours, and normal trading hours are essentially flat over any time frame.

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  4. alty

    Loving this breakout to record highs in VNQ

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