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
22,171 Blog Posts

ON SECOND THOUGHT STOCKS SURGE OFF STRONG JOBS NUMBERS

It’ll likely reverse lower after I post this but since then open everything has been bid higher, in particular the oils, especially of the SHIT varietal.

There’s all sorts of reasons to buy stocks off confirmation that job losses are a fiction. Think about it, who’s gonna stop us? We have been told for a decade we couldn’t even think about higher rates, for fear it would CRUSH the economy and here we are thriving.

The NASDAQ has shot up 200 since the open but still down 15. Many sectors are up and running and in order to stop them, we’d need some sort of late day collapse and/or another fickle reassessment.

Looks good, for now.

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2 comments

  1. og

    Market bipolar today.

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  2. Mr. Cain Thaler

    Nah bunch of retail investors thought good meant good when really bad means good and good means bad. Rookie mistake.

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