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
20,416 Blog Posts

Dow Futs Explode Higher; America is Open Again

The cliches are so absurd they do not deserve repeating. Nonetheless, Dow futs are up 280, NASDAQ +120 and there is nothing we can do about it, as they market is closed to observe my birthday.

My gift to you of you tomorrow will be a half dozen slimy fish served in a newspaper, first thing tomorrow. I hope you enjoy seafood for breakfast.

ciao.

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34 comments

  1. trumpmeister

    Better learn to appreciate the Powell put like you did about the Bernanke put in 2009-2011. The difference is that Powell doesn’t play around, giving the bears some breathing room. He is like Don Trump slamming your margin bearshitter accounts with fresh cash every day.

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    • reversion

      The more people hate the rally, the higher we go!

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      • narcist

        Sanity will eventually prevail after the last bears give/blow up.

        I have been very comfortable with holding long positions from early April till mid May.

        But I do not intend to side with the bulls as easily north of 3000.

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  2. indexjoe

    ??

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  3. bambam

    We’re back! Places are opening. Traffic back. People are out. BBQs going. The market rebounded like a V-shape and so will the American way of life. Eat it Dr Dooms of the world. Your dreams only come true in Hollywood movies.

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    • rigged game

      Maybe Joe Biden will MAGA. Make America Great Again,
      like it was under Obama, before Trump fucked it up.

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      • moosh

        How many hours a day do politics consume and eat away the sanity that’s left in your brain to comment boring bot drivel like this on a financial blog?

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      • mintdragon

        fuck off. #NOPOLITICS

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    • traderconfessions
      traderconfessions

      We’re back minus 100,000 Americans and counting., party on dudes..

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      • tha pirate

        As a ‘Tribune of the Plebs’ I feel compelled to speak up here.

        YES, EVERY death is a tragedy BUT:
        There are over 330,000,000 Americans.
        What percentage of Americans died of this vs. how many died as a direct result of the lockdown?
        How many vulnerable Americans died of the Flu and other transmissible diseases?
        How many cases of domestic violence, suicide, unemployment, depression, lost homes and businesses occurred due to the lockdown?
        Is there a risk every time you leave your home due to car accidents, lightning strikes, bee stings etc etc.. Do you think everyone should ‘hunker down’ and NEVER leave home again because of them?
        At what point does sanity prevail?
        Maybe the vulnerable should stay home while the rest who are at very low risk could simply resume their lives with some sensible precautions?
        You think MAYBE it’s time to get America back on it’s feet??

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  4. og

    I guess I shouldn’t have sold half of my holdings on Friday. I’m even in airlines now. Crazy times.

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    • tjnyt

      I did as well but it is ok to play safe. Selling rallies, buying dips.

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  5. tjnyt

    My chips; AAL,BA,BUD,C,DAL,EDC,GE,JWN,M,OXY,RTX,SLG,SPG,UAL.
    heges: DXD,SPXU,SQQQ,TZA.

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  6. purdy

    Good to see some optimism here and out and about …I’m feeling better about my shorts.

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  7. trumpmeister

    All jokes aside. I know that Fly is pissed that he has allowed the bear shitter sentiment to cloud his judgment, causing him to missed out on individual stock gains in the past week.

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  8. richardweiner

    My neighbor Nigger Jim is really bearish because he is out of work and sees the crack supply dwindling. I told him speculators are the most net short they have been in history and they are dumb niggers like him. Then I said if the markets are going to reverse it have to stop out all the short trend followers and get them long by going above the 200 day moving average and the Nasdaq likely needs to have a blow out into new all time highs before companies like Shopify and Amazon reverse and lead the market down.

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    • richardweiner

      Probably going to need at least a few weeks to churn above and below the 200 day and 3000 to tire out the Zero Hedge glue sniffers and all the new day traders before picking a direction. Guess is down given the real economy is probably not going to be unicorns and candy canes like Art Laffer says in a couple of months and a blow off runs seems unlikely in an election year no matter what the economy does.

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    • charliehorse

      What the hell is wrong with you, you racist fuck?

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      • ericbakerbruce
        ericbakerbruce

        He hates Jews and anyone with dark skin. Additionally, the micks and waps repulse him.

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        • moosh

          Nerp, all fake
          – just an alt trying to pollute the board. Getting longer and longer in the nonsense comments resembling… Long MNK

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      • richardweiner

        I have never made even one remotely racist comment in my life. You should love more, hate less. Remove the log from your eye and find Jesus.

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    • traderconfessions
      traderconfessions

      What the fuck is wrong with you? Seriously.

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    • mintdragon

      hey @JKILLA, is this what you do for fun now? Hope your $TVIX is working out for you, keep holding, the market will one day be down.

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  9. Dr. Fly

    He’s a loser.

    I’m all long, no shorts. Don’t know what the fuck that loser is talking about.

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  10. Dr. Fly

    Well maybe 1 short

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  11. narcist

    Let’s behold the ES staying above 3000. (I just went short some at 3008.)

    I had a very nice fishing trip in beautiful Savannah (especially the sunset) with fam and friends over the long weekend. Kept it COVID-safe and pleasant.

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  12. narcist

    Whoever trolls with the “richard” alt needs to be less repetitive. (Reminds of me sacrilege.)

    The “racist” part of the comments are less annoying than the repetitiveness of them–this coming from me who knows quite a few things about racism and racist acts done to my people.

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  13. Po Pimp

    Dumbasses in $PTON getting they ass kicked today.

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