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

Markets Position to Blast Off; House DuPont Strikes Again

IFF is merging with DuPont’s bioscencies division, creating a $26 billion giant. When these two companies merge, you’ll want to get long. The innovation at IFF coupled with the New World Order prowess of DD will be an unstoppable combination.

Nasdaq futures are sharply higher. I hope you finished your Xmas shopping by now, lest you’ll feel the pressure the coming week to visit the mall and then kill yourself.

Continued move in the 10yr yield higher, now at 1.85%. Bear in mind, there isn’t anything to worry about UNLESS RATES GO UP. If you see the market down 500 and rates are lower, buy the dip. If you see the market down 500 with yields up, short into the hole.

Heading into the final weeks of 2019, you should be winding down operations and making sure pressure is low. This is not because the market will be soft, but for peace of mind. Nothing could be worse than enduring the holiday season with large losses mounting in a brokerage account. It would be like a knife twisting in your gut.

Last night I made a pulled pork. The key to cooking a pork shoulder or any meat you intend to roast is low heat and cook it for a long time. I cooked it at 400 for 30 mins to brown top and then 220 for like 5hrs and it came out perfect. Friendly reminder: if you’re an adult and not learning how to improve your cooking skills on a continuous basis — you’re a low IQ reprobate.

Early going I suspect biotechs will continue to shine; but we’ll see.

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6 comments

  1. ericbakerbruce

    Pulled pork….that’s funny

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  2. mrcharlie

    Sunday feast for the Fly. I agree, gotta step up that culinary game fellas. Yesterday I braised some pork shoulder chucks in a tomato based gravy inside a cast iron pot in the oven for 2 hours at 350. The shit was magical. Fly you gotta get with thatcast iron dutch oven STEEZ for the holidays yerrrrrrr!??

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  3. rigged game

    Q: What do you call a billygoat, a 250 lb sow, a sheep,
    and an 8-year-old fat boy?

    A: Trump’s harem.

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  4. jbandy

    No reason to unload through year-end. We’ll probably get some speculative action in small caps and a little chop in the indices, but otherwise markets are on cruise control higher into 2020.

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  5. numbersgame

    AAPL at ATH.

    Talking about PE ratio, not stock price.

    “How splendid his Majesty looks in his new clothes, and how well they fit! What a design! What colors! These are indeed royal robes!”

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  6. llamado

    Low & slow THEN hit with the high heat, AKA: Reverse Sear. See: Meathead Goldwyn.

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