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
23,434 Blog Posts

ARE YOU NOT ENTERTAINED?

Coffee is up 75% for the year. The Russian bear fund, betting against a bunch of borscht eating Ivan Dragos, would’ve yielded you +59%, via RUSS, year to date–had you been involved.

NUGT and DRN are both up almost 40%, pointing to strength in gold and also real estate. I thought real estate was dead? I guess people want yield, now that the second coming of the great tech wreck is upon us.

Hell, even EGPT is up 25% for the year.

How low can the momo go? Well, for some choice names, unfortunately, a lot lower.

Going over my work, I see there are 353 stocks down 10%+ over the past month, who have quarterly revenue growth of 20%+. Of those names, those disgusting, filthy, growth stocks, 121 are STILL UP for the year. Ha! Can you believe that?! Clearly, this is unacceptable. This is a down year and if you are growing your business, mind you, your stock deserves to trade lower, so that all of the money can slosh around in real estate stocks, utilities and foreign telephone companies.

Who are the most egregious violators of this cardinal sin?

I will tell you now.

PLUG, BLDP, a bunch of weed stocks, IFON, MGN, TSLA, YY, even CRTO and FB are up for the year!!!

Bastard devils: get back down and go lower. Short those stocks and throw dynamite sticks in the air for celebration, once you’ve broken them to pieces, dismantled their lines of credit, and fired all of their employees for Christmas. Since America is borrowing lots of money, not growing jobs fast enough, and generally NOT on the gold standard, saddled with a black communist president, we ought to dive headlong into the concrete pool of credit destruction.

NOW IS A FINE TIME for the GOP to wrangle over the credit worthiness of the United Steaks of America.

This sort of action can only mean one thing: there are lots of GIMO’s to come this earnings season. I suggest you batten down the hatches and prepare for the second coming of the devil himself, who will then bring forth, and usher in, the anti-christ (a bit redundant, no? considering he’s here and all), who will then deliver the final salvo to this egregiously over populated, debt ridden planet: a nuclear war.

Have a nice and pleasant sleep.

 

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27 comments

  1. Metalleg

    Fine. Be that way.

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  2. No One

    On a long enough timeline this market will shit right on your face.

    Sooner or later.

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  3. jules

    Companies like FEYE have compounding YoY revenue in an industry expected to grow substantially over the next few years. They will be back at new highs this year. Shout out to ABE tho.

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    • Honest ABE, nohomo Medical DOCTOR
      Honest ABE, nohomo Medical DOCTOR

      Roots bruh

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      • The Fly

        I’ll drink some ginseng doc and get some stone on Church ave, maybe a little Irish moss too.

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        • Honest ABE, nohomo Medical DOCTOR
          Honest ABE, nohomo Medical DOCTOR

          those beers good.

          PROTIP: if u melt irish spring washsoap it smell like an $8 yankee candle at 1/3 the price

          U aint seen a woman happy till she smell the smell of 8 burning irish springs, very romantic

          DO NOT USE A COASTER the children can recycle the melted wax as soap

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          • doubleplus

            Bravo. Dude, I can’t help it. That Irish Spring shit is hilarious.

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      • Honest ABE, nohomo Medical DOCTOR
        Honest ABE, nohomo Medical DOCTOR

        AYo since I got u on da mic what the fuck is in that briefcase Jules ???

        The ghost of john travoltas hairline or iz it deeper like da metaphor of da suitcase in the Legend Of Bagger Vance ?????

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  4. halfbloodpope

    IBB now negative YTD.

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  5. xxxhuggiebearxxx
    xxxhuggiebearxxx

    EWZ has proven to be a very pleasant place to ride out this little tempest. I implore you all to join me, for Brazil is wonderful this time of year on the precipice of their first world cup.

    It’s a beautiful perch from which upon to observe the carnage, infighting, cannabilism, and general marauding here in the states.

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    • The Fly

      I wish Brazil dies. All of its citizens eaten by sharks and the land salted over

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    • Berniecornfeld

      Huggie, you have been bearish for awhile. What do you see from your perch?

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      • xxxhuggiebearxxx
        xxxhuggiebearxxx

        Bounce into the strong part of earnings season, severe decline as we near May.

        However, I feel stronger about the May swoon, which could in fact be starting now. I’m not going to play the US market bounce.

        I’ve sought shelter in the wonderful country of Brazil, where prices are cheap and women even cheaper.

        I will probably hedge that position with some puts in the next couple of weeks, or maybe sooner.

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  6. Fly

    Huggie likes Brasilia

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  7. clarkevii

    Holding a 40% cash position and I’m starting to get an itchy trigger finger

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  8. steel_man

    fly – last night you said YTD results don’t matter

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  9. TheHarper

    ***Substitute large cock for tongue

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  10. Jessica

    Goose them flutes and get the dip buyers feeling comfortable. It was so obvious that today was a bottom you’d have to be half retarded not to buy it

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  11. Honest ABE, nohomo Medical DOCTOR
    Honest ABE, nohomo Medical DOCTOR

    OK Playboiis, new idea, long Compu-Global-Hyper-Mega-Net into earninags thank me when dat shit pop

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  12. larry

    Can’t we all just drive large SUV’s and make large amounts of cash so that our wives can spend it all on frivolous garbage? In all seriousness, the more money you make the more the wife spends it so it is really her hardship here.

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  13. Jennifer

    Should definitely bounce the next few days. Today was a bottom, not sure if the bottom

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    • The Fly

      Oh shut up and do the dishes

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      • Jennifer

        You’ll be doing my dishes after this is all said and through. Just tell me when you pump BALT again so I can short it. Worked well last time. Same with SB. You only lost what 25% on that one?

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