…down another 3.5% in egregious trade.If you enjoy the content at iBankCoin, please follow us on Twitter
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
22,798 Blog Posts
Markets Are Wildly Overvalued — Still Long
July 7, 2020
REPOST: An Un-Gentleman’s Guide to Fourth of July
July 3, 2019
There’s a chink in their armor.
feh….What’s 3.5% between friends.
Sucker rally ends tomorrow. But tomorrow will look like a slapfight at band camp between a clarinet player and the third trombone. Knocking each other’s faggy hats off, glasses go flying, and shit like that. Monday will be like Apocalypto. Dead headless bodies being thrown off pyramids.
^ Amazing imagery. Get this man his own tab!
I like it very much.. I would also like some heaving headless bodies being thrown off the pyramids, electrical impulses still coursing through the CNS.
HANG SENG +197.26 +0.84%
No no no Sia, for the love of nature – nobody’s talking about Hong Kong which is rock solid and a great market that will go up no matter what happens in China. We are talking about the CSI 300, off 2.34%.. Shenzen A’s, off 4.07%. They are just having problems moving their brokers around because they are hanging out at train stations.. dummies.
% Change -1.049
European shares moved higher on Friday morning, as bid speculation gave a boost to banks and miners ahead of some key U.S. jobs data out later in the session.
What more could you want.
I want the judge to dismiss all charges, and I would like to see GBP/JPY hit 213.50 this afternoon.
Thanks Sia. I will leave milk and cookies for you on the kitchen table.
PGM metals are going crazy. Still not interested in PAL and SWC? Load up these two and you can take the rest of the year off. By the year end you should have a double or triple.
Palladium is looking to break $400 and never look back. Do you what’s going on in South Africa?
“So the S&P 500 finished January down an incredible 6.1%.
But guess what? Homebuilders, retailers, and even financials are UP for the year. Say what, you say? Yes, believe it.
2007’s dogs are already 2008’s darlings, so far. And this even as many former high-flying tech, solar, and agricultural stocks have struggled. Check it out:
Top performing stocks of the year to-date so far: homebuilders: WCI Communities (WCI) up 60.1%, Pulte Homes (PHM) up 55.1%; bank: Washington Mutual (WM) up 46.0%; and restaurant: Ihop Corp (IHP) up 45.5%
Homebuilders ETF, XHB: Up 8.1% year-to-date
Retailers ETF, RTH: Up 1.9% year-to-date
Financial Sector ETF, XLF: Up 0.7%
In particular, XHB has finally broken a steep, persistent, and long downtrend that started around May or June of last year.
HSI +2.85%, iow, quite the un-homo reversal.
That’ll teach you to count your homo hammers before the fat lady sings.
treepart is great!!
YHOO shareholders taken out of their misery & now put in MSFT misery.
Bears, taken out back, ka-boom!
Who, in their right mind, would have been short YHOO?
Which explains why the YHOO conference call lacked details about anything other than a small layoff.
Futures shooting higher on merger news.
It proves once again that when all is doom and gloom, when even The Fly turns bearish, the market goes higher.
Time to get out of short positions.
not so fast maybe (I’ll admit I was about to slit my wrist) check out that jobs report. -17K.
SKF moving back up premarket…
Hold on there Dr. T. Here comes the only data point that matters (just need someone that isn’t going to revise 50% every fucking month). Employment showing that people would rather stay at home and watch Oprah. First decline in 4 years? and the futures are staying somewhat green? WTF. I know the market is forward looking, but how in God’s name can they possibly be looking beyond something that has just started? Full disclosure – I am long UWM and ROM. With that said, I scratch my head in disbelief. Just fucking amazing.
How about MCD taking over SBUX?
Only thing getting the HH right now is payrolls. This is a HUGE downward surprise, and if the market ignores this data and shoots up anyway, then bears are to be immolated.
From your mouth to Skinner’s ears. Just dreaming, hoping, wishing, or did you hear something? I am still long SBUX, but have a standing order to peel off 1/2 of my shares at the open.
Prior month, December payrolls were revised higher to a gain of 82K from 18K, helping to balance prior expectations a bit.
Exxon-Mobil (XOM) and Chevron (CVX) also just reported a blow-out quarters with their respective stocks gapping substantially higher.
That is the best thing I have seen you write. Keep it up. I gave you a thumbs up.
Could be a short term top off this MSFT/YHOO news.
I’ll look to fade this a bit.
Banks, retail, homeys indices up over 20% in 10 days . Need a breather, at least.
Watch Disney. I have been accumulating shares over the past month. Watch Disney in ’08. Last night close $30.88.
nov dec jan payroll now 60 82 -17. benchmark revision dropped payrolls -376K. in all, still says recession coming fast and hard. doesn’t mean the market will listen. No further significant econ news till 2/13 retail sales. meanwhile, …?
Alvari40-Half dreaming since I have heard this talked about for several months now. It seems to me that if SBUX can’t turnaround in the next six months (March I believe is their reorg plan) that it might make sense. The SBUX yuppies might not like it though.
McD couldn’t buy SBUX.
SBUX’s entire marketing strategy is built on “cache.”
No “cache” to Ronald Freaking McDonald and the Hamburglar.
DECK up premarket. UGGS are the footwear of choice for the unemployed hitting the streets to hunt for work.
I banked on the fact that that coffee drinking homo (not thhere is anything wrong with being a coffee drinking homo) was going to disclose his plans this week. Now that he is waiting until March, maybe the #1 item on the reorg plan is to be purchased by McDs. That alone, is worth dreaming a bit more about this one and holding half my position until March. Would be like Rupert buying the Journal.
Chipotle has much more “cache” [sic] than a McD’s in my opinion. That’s proof to me that McD could own SBX and still run it with “cachet”.
Workers saw wages grow at a slower pace last month.
Average hourly earnings for jobholders rose to $17.75 in January, a 0.2 percent increase from the previous month. Economists were predicting a slightly larger gain of 0.3 percent. Over the last 12 months wages went up by 3.7 percent. With high energy and food prices, though, workers may feel squeezed and feel like their paychecks aren’t stretching that far.
Holy shit is that all they make. My old man was making that back in 1979!!!!
Interesting to note that the decline in ’03 that is referenced in the writeup was also a huge surprise. Unemployment in ’03 was much higher than it is today (over 6%). What happened to the stock market over the next 12 months after the August ’03 report came out? I’m just sayin. Market is always forward looking.
After these payroll numbers off we go to 13,000. Bad news is great news no ?
good catch at noticing that… compare wage growth (or lack thereof), real inflation and the financial fiasco of the housing bubble (debt wealth) and you can pretty much guess how strong the consumer REALLY is today…
Look at the dyslexic correcting my spelling!
I was using the original “French spelling,” fucktard.
Get some class.
I wouldn’t be caught dead in a Chipotle either.
It’s the “minivan” of restaurants.