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I Hold In My Hand What’s Left Of A Year

I’m sitting here peering icily at the small black box clutched innocently enough between the index finger and thumb in my left hand. Casual twists of my wrist muscles causes the light to bend and bolden its unpolished dark surface while causing the lettering to vanish and return in controlled intervals.

I just finished the ‘enviable’ task of tearing my solid state drive out of my computer and as I look down maliciously at this small, seemly box, the monitor out of the corner of my eye demands attention; that I will be giving it just as soon as I finish these words.

A thousand plagues on the creator of this walking misery. What villain bestowed on us such blessings of speed and comfort, at the “small” price that but just twice a year, the entire operating system of our machine will immolate into a ball of cinders.

Don’t tell me to turn off the auto write features of Windows, for I would surely rebuke you with stern and hate filled words.

AND ALL MY RAGE BEATH NOW DIRECTED AT MICROSOFT, THOSE FIENDS WHO KNOW NOT HOW TO DIRECT THEIR SOFTWARE NOT TO CARELESSLY WRITE A THOUSAND TIMES OVER PRECIOUS SPACE STRIKING IT INTO OBLIVION. YES THEY DESERVE TO DIE, AND I HOPE THEY BURN IN HELL.

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Circling The Bears’ Position

I was beat down almost a percent today thanks to BAS and CCJ imploding. That is the trouble with those stocks; anyone wishing to own them should accept the huge down spikes implicitly.

However, today was without question a huge win for higher prices. The market smacked down every shot the shorts tried to take, then ran them back for layups.

Ignore the news flow for a minute…this market is now controlled solely by the Federal Reserve and free money. It has to go somewhere, because everyone with direct access to the trough knows it’s worthless. So it goes directly into equities and bonds.

For the moment, it isn’t going into commodities. I somewhat suspect foul play on the part of the Fed, and have no qualms about distributing conspiracy theories; Bernanke is twisting the arms of banks to prevent commodity prices from running higher. He can easily hold the discount window over their heads, and couple it with threats from the Treasury.

Ben watched the commodity market call his bluff for two years straight – I know because I was part of it, bidding up metals and oil first, then shorting the red lining. Both times the ramp in commodities (oil prices specifically) caused the economy to stall. What better way to make his policies stick than to blackball any bank that tries to play the commodity market with free money?

China is in the news today, which is stupid. The reports on the vacant malls and cities is at least four years old. If you just found out about this, you have nothing on the table. Sorry to be blunt – China is definitely in trouble, but when will the consequences finally catch up with them? Two years? Three?

I’m actually betting China holds it together much longer, like until their population uncontrollably contracts and retirees start forcing down the rolls on a working generation too small to handle it…a la these population control policies they so unwisely pursued.

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I Smell A Rally

I have the propensity to over hype the long side right now; that probably has something to do with us coming off of the greatest Christmas rally ever.

But suffice to say I’m ready for more upside.

The futures are green and look good. Yesterday’s bounce off the lows was fierce and aggressive.

Meanwhile, in Italy one half of the highest ranking candidates in the presidential election are convicted felons. So goes Italy.

But it’s not just Italy. As much as I am pro-rally at the moment, never forget what a true recovery hinges on. And never forget who you are trusting to deliver that pivotal progress. Trust…friends is not something to be doled out lightly.

We will crater going into the spring on the backs of the ineptitude and vacuum that has seized decision making roles globally. But, for the moment, we can enjoy the simple pleasures – like endless stock market gains – without worry.

You’ll know when the next phase of the crash comes, because it will be preceded by either yield expansion, stalling price levels, or both.

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Breaking Out

Lording from the 9th floor, I can see men and women walk by, as if ants, scattering across the ground below. There is absolutely nothing that can stop me now. I’m high on this bull market, and cast nothing but aspersions from my window.

It’s a dreary day, but I don’t care.

CCJ is breaking higher. RGR is breaking higher. BAS is breaking higher. God, basically everything I own is higher.

Except for AGQ; that is lower. But I just can’t care. Too many gains are overloading my system. I am experiencing pure ecstasy here. It’s a party, and bears aren’t invited. Keep your crying pessimism to yourself – thank you very much.

The 9th floor offers no condolences to you for missing out on the spectacular fun. Our streamers are flying higher, our windows are spotless, and we’ve got money to make.

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Days Of The “Blah” Variety

The sun is shining through the blinds of the room. A lingering smell of water from the glasses on the table disrupts the dryness. The weather is almost warm after the bout of cold.

In a moment the day will be done and the room will be vacated. Dinner will be set on a table somewhere, but footsteps will take me away from there, to a meeting elsewhere.

The last few days have carried themselves at a marked pace. Work is strenuous and demanding – the nights are just barely better.

Last night I was at a quarterly meeting that dragged on for almost four hours. Tonight’s will be at least two hours long; maybe it will push three.

At least things are getting accomplished. I abhor meetings mostly. There is a breed of man in this world that loves meetings. They relish in them. It is these men that can transform a simple and straightforward task into a five hour ordeal. And somehow, at the end of it all, nothing gets done.

Doing business with the wrong people can surely be one of the least recoverable mistakes there is.

Thankfully, those that I’m working with are fairly good at keeping a straight course. Now and again, a few of them like to veer off, but pressing and sour tempers of the hotter among us can drive it back on path again.

There has been little noteworthy the last few days, where stocks are concerned. I see my positions lifting – I was up .4% today – but the market itself is churning and banal. One can’t help yearning for the days of last week, where the market couldn’t help but spike 1% higher every day, without respite.

There needs to be more than simply erasing the early morning selloff each and every day. There needs to be the next big push.

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First Rough Day In A While

Alright, so today was very nasty for me. RGR, CCJ, and BAS all cramped up, and are busy drowning in the pool. I can guess why CCJ is having trouble – their earnings sucked wind. But RGR and BAS are something of an enigma. RGR has no news pushin git, and the only thing that happened to BAS was it caught a downgrade from some analyst.

Of course, all three names are up so much in the last month it could just be some profit taking. CCJ is pushing back below those magically colored lines, which I have learned is the ultimate arbiter of reality. Ergo, it must be in serious trouble…

Anyway, throw in the price of silver with those two and this was a bad day. The first bad day I’ve had since November or October.

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