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
23,445 Blog Posts

Market Getting CREmated

Sorry, I could not help myself. Commercial Re is getting face lifted today, thanks to stretched valuations. Names like BRE Properties, Inc. [[BRE]] , Developers Diversified Realty Corp. [[DDR]] and The Macerich Company [[MAC]] are dropping, deservedly so. If there was a place worth betting against, in my humble estimation, it is the commercial real estate sector. Those fucking stocks have run up so much, so quickly, they are due for a severe lashing. I don’t care if the economy comes roaring back; the [[IYR]] is too rich up here. Having said that, I opt to not sell it short or delve into [[SRS]] . That’s a personal decision that I am able to live with. Some of you are perfectly comfortable walking around your neighborhoods, clad in pajamas and slippers. I, on the other hand, enjoy dressing myself to look like a human being, a clean one at that.

Let me be clear: I am heavily caffeinated, at all times. My beverage routine goes something like this: coffee, red bull, coffee, coffee, monster,  coffee, earl grey tea, coffee, coffee, coffee, coffee, coffee  etc. In between all of that caffeine consumption, I brush my teeth about 40 times. Remember boys and girls, cleanliness is next to Godliness. Quit being so fucking disgusting; go wash your hair.

On this dip, I like Ctrip.com International, Ltd. (ADR) [[CTRP]] , Nucor Corporation [[NUE]] and  SandRidge Energy Inc. [[SD]] .

Bottom line: prepare for a two way market; but prepare to go higher, ultimately.

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35 comments

  1. Hoffy

    Anyone like aapl here—-can this thing get over 200$……Would be stoked to hear some thoughts….

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    • TMoe

      AAPL is not a $200 stock IMO

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      • Hoffy

        No sh*T its a 250$ stock…..Thanks for all the insight everyone….just one idiotic response???

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        • long ge

          Coming from someone who asks others if they like a stock, uses more than three periods in an ellipses, holds the shift key too long while trying to avoid profanity filters, insults another user who gave you an honest opinion, puts the $ sign behind the number and uses the punctuation equivalent of caps lock with three question marks.

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    • TA

      I hate AAPL but the iPhone appstore is a killer and really all they need to make the stock see $300. The iPad is probably an Air type product(little if any impact on revenue) at best but that doesn’t really matter.

      If MSFT would grab a brain and exploit the XBL to it’s full potential(adding zune, zune phones running winmo7, etc), they’d really have something too.

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      • Indie

        The genius of aapl is to always crash in late into the party and tear the mutha out. no one cared about the kindle released 8 months ago. who gives a shit about sony reader?

        the itunes store is money printing facility. once you’re in the family, you’ll never leave…

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    • scum bucket bitchez
      scum bucket bitchez

      No. crAAPL uber-sux. Way over-priced, both the stock and the product line.

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  2. Speculation

    Banker caught on national television watching porn.

    Link: http://bit.ly/a2vfev

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  3. Big Mike

    Fly,

    What time you go to bed and what time you get up? In other words, how much sleep do you get with all that caffeine?

    I try to limit myself to 3-4 cups and no coffee past 5pm, or else no sleep for me and Zombie mode the next day = loss of lots of $. I’ve literally shorted stocks I wanted to go long, only to notice it the next day… Yup…

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  4. SlayingDragons

    “The problem with scottland is that it’s full of Scotts”

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  5. AI

    And stop trading in your fucking boxers you fucking idiots…

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  6. Teahouse On the Tracks
    Teahouse On the Tracks

    Damn! How’d you know I was still in my jammies and unshaven or showered for three days … You’re as bad as my old lady.

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  7. DSB

    SRS is Satan’s asshole brother. Staying the fuck away.

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  8. wilmer

    Speaking of SRS and Satan; I miss DevilDog Mondays.

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    • Indie

      yeah!

      where the fuck ever is DD and his viper?

      miss the agroo… i thought with the pull back we woulda seen more Fazzers come back and bully folks around for good mesures.

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  9. TMoe

    TMoe buys SLV
    Adds to TOL shorts

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  10. TMoe

    looking to get a borrow on SHLD

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  11. FIG

    Once again, I am in complete agreement, your highness. CRE is fucked, and deserves to be completely pulverized for going up for 10 fucking months as though they can’t handle the demand for properties. There will be very few companies left after this is done, in the meantime, they are all going to pay. You said you won’t short IYR or buy SRS. What about the strategy I have taken, which is to short URE.

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  12. StocksRider

    There is a weird roller coaster in my town. Kids with ties and suits operate the monster. It is considered very cool to be an operator. They get paid big bucks for the job they are doing. Smaller kids look up to the big boys. They hoped to become someday like the Operators or make as much money. The catch was they had to get on the bloody roller coaster to get any closer to the action. After the ride, half of them puked and paid for another round just in case if it got better. The other half lost all their money and went back home cryin. I hate fucking roller coasters.

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  13. SteveTheNeighbor

    Neighbor, I won’t tell your readers about the time you were running through the neighborhood in your boxers howling at the moon while throwing empty bottles at the street lights.
    P.S. I wasn’t the one who called the police.

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  14. carsony

    I’m starting to get those calls again from sellers that can’t make their house payment.
    I can see if unemployment continues to weeken, this could get worse. I am hopeful that
    it won’t.

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  15. kushzilla

    I’m sure you were just kidding about brushing your teeth 40 times a day because I’m sure you know excessive brushing is actually bad for your enamel. Unless you are a Brit trapped on the wrong side of the pond, I’m sure you’d care if your teeth appeared green. The only other logical explanation I can think of is your a space alien magician who’s teeth are already green.

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  16. kushzilla

    I do like things that are green though.

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  17. Vegas Martin

    Why did you choose not to go with neighbourhoods [sic]?

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