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
20,692 Blog Posts

Don’t Bet Against the Government

We have a full rout of the bears taking place, as investors reload, shoot, reload again.

The homies and all credit related names are taking off, thanks to the President’s bail out proposal.

In short, this is a major benefit to the homebuilders, who will likely be viewed as “more stable” and get access to the credit markets, with ease.

All thanks to the Gov’t.

With my money, I have open positions in ACF, CFC, SPF and CORS.

This is a good shoe. Milk it, then move on.

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31 comments

  1. BOOMER

    Doughnuts also doing well. Perhaps pin action for poor fat fuckers?

    KKD up 25%

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  2. JakeGint

    Make hay while the sun shines.

    However briefly.

    As I recall from my studies of the period, Nixon tried some of this bullshit right before the market went to hell in half a hand basket.

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  3. JakeGint

    I am unfamiliar with the term “pin action?”

    Is is a Southernism?

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  4. CubsRock

    My homies are a rockin cause the goverment came knockin! woo woo!!

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  5. Dinosaur Trader

    HOV blasting higher, Nazi-run or no.

    -DT

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  6. big snacks

    sold my HOV at 9… still holding ACF… and just bought some CCRT.. they should actually benefit from all the retards who are going to need to re-build there credit

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  7. tehdrunky

    are they going to cut rates?

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  8. JakeGint

    Not without a good smackdown first….

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  9. Bison Burger

    So what’s next after the homies in this Nazi rally?

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  10. mdawsz

    Good Times!

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  11. big snacks

    just bought some WM and sold my acf for .80 profit.. it has to go at some point.. does it not?

    tax loss selling in airlines as well.. they should be a good year end play at some point

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  12. alphadawgg

    Now are you a CFC believer (Ducati)?

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  13. CubsRock

    The board of directors of KB Home (KBH) has declared a quarterly cash dividend of twenty-five cents ($.25) per share on the Company’s common stock, payable on February 21, 2008 to shareholders of record on February 7, 2008.

    Oh man I thought it would be gone, down 6 cents only from last qtr..

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  14. ottnott

    From bigpicture:
    According to the WSJ, the Office of Thrift Supervision Director John Reich said that “the plan could help “tens of thousands” of homeowners.”

    Thud.

    Don’t stay in that CFC very long.

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  15. JakeGint

    Ahhh, the true Fourth Reich!

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  16. alphadawgg

    NFI ripping today. But, will it last?

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  17. yeomps

    On an unrelated note: DRYS is one of the most broken/beaten down stocks I’ve seen in a while. Trades at a 9.25 multiple, meanwhile DSX FREE QMAR and EXM are all averaging about a 20 multiple. Moreover, DRYS has only seen losses during the rally the last 2 days….
    oh yeah and did I mention, it is trading at about 5 times forward earnings. Please, someone, explain to me; what is wrong with this stock?

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  18. Bison Burger

    Brought to you by the HUD man, Alphonso Jackson:

    Well we’re movin on up,
    To the east side.
    To a deluxe apartment in the sky.
    Movin on up
    To the east side.
    We finally got a piece of the pie.

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  19. Bison Burger

    Tancredo will make a good leader of 4th Reich.

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  20. Dinosaur Trader

    Loads of buy on close imbalances… why isn’t Maria breathlessly talking about THOSE?

    -DT

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  21. Dinosaur Trader

    What’s up with NTG? Yesterday smoked, today, rally on!

    -DT

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  22. SaNTa

    Heil John Reich!!!

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  23. Dinosaur Trader

    I feel like we’re short term overbought. While I’m scared, I just short a couple hundred SPIDERS into the close.

    -DT

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  24. CubsRock

    Damn, what do do now huh? Think I better lighten up with Jobs data tomorrow?

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  25. WildWestie

    Where’s the Kasshat been the last couple of days? I’d pay big $$$ to see 10 rounds between The Fly and Kass, although Fly would punch him into a pulp in one round. Still worth paying up for….

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  26. JakeGint

    I thought Kass was predicting a Santa rally?

    He and Fly are buds now.

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  27. Bison Burger

    Kass is in a gas chamber in Guantanamo, I suspect.

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  28. Andy

    What’s a “route” of the bears? Is that similar to a “root?” Or even better, a “rout?”

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  29. TraderCaddy

    No gas chambers at Guantanamo. However, they have buffet tables of pulled pork, BBQ ribs and much sweet tea.

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  30. BOOMER

    Pin action:

    The manner in which the pins react to the impact of the bowling ball.

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  31. Schnack

    Interesting how the corporations that wanted big govt out of their way before, were so quick to belly up to the nanny govt bar when the chips were down, isn’t it?

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