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
23,458 Blog Posts

Markets Press Their Gains; Zero Regard for Caution Given

We’re back to melt up mode. Nothing is able to stop this locomotive, not even Fed heads discussing ways to destroy the global economy. Trump is in the lead. Hillary is a pathetic caricature of someone who, cravenly, wants to secure power for a corrupt elite. And oil is mending recent losses. All is well at $35 WTI.

The fuck.

Bear in mind and let it be a reminder to you: markets like to go up in March. Deep down, all humans are optimistic creatures, even the most doomful and glum of us all. It’s why pastel colored clothing now adorns your local textile retailer, instead of the appropriate choice of heavy garb. Logic dictates we should desire heavy sweaters in March– for the weather is still frigid and will continue to be as such until April. But we’re optimistic in our assessment of the weather, despite a vast bank of memories to the contrary. There was that one March in 1989 that stuck in our memories and made us hopeful that this year will be a repeat of that. As such, when we see spring clothes at Macy’s, in the fucking iceberg’d weather of late February, we buy them.

The same could be said about the seasonality effect of stocks in March and April. It’s the never-ending search for happiness and fulfilment that keeps the engine revving. These trends are easy to break, however, as the human mind is malleable and susceptible to fear. Once the news becomes important again, you’ll see centaurs on the NYSE, dictating how stocks should be treated.

If you enjoy the content at iBankCoin, please follow us on Twitter

13 comments

  1. zombie

    FIG

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. infinitezuul

    You are correct that stocks will be in hell once again come May, I think. For now I only hope that TLT gets bashed down to 123 or so [entirely possible] and that GLD gets slammed back down to 105 or so [also entirely possible]. Stocks will need to create another false sense of security in order for this to happen though, as gold buyers and bond buyers are pessimists bent on describing things in realistic terms. I would think this environment will be firmly in place by March 18th.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. anjing bau

    There is a new cycle in commodities just beginning……take a peek at the volume in names like AKS TCK HBM

    bull and bear markets alternate…. we are moving into a time when tangibles are going to do well

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • frog2

      yes. fcx and gold is up 2 something

      but y

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • anjing bau

        Why is the question that is not worth asking or trying to answer it doesn’t make you any money… you trade what you see. Jan 20 th 2016 the commodity space started to act stronger on a relative basis versus the broader markets. Volume started to increase a series of higher highs and higher lows started to print and continue. resistance levels on the way up were broken WITH big volume. The buying is fueled in part by shorts covering and value investors taking longer view term positions.

        Since the turn of the year certain commodities have caught a bid Iron ore is up 36% gold is up 16% a few of the fertilizer components prices have firmed.

        So when I look at all this and see the price action knowing why doesn’t make me any money trading what is in front of my nose banks me coin.

        • 0
        • 0
        • 0 Deem this to be "Fake News"
      • tradingnymph

        There is a seasonal play that always happens. CHina restocks and has it’s peak building season after the Chinese New Years. A lot of speculators went big time into Ore after there was port problems. The Port is open and we both saw the Tariff story. Yes, USA Steel Names are popping cuz China can’t sell here anymore. But the true user of Commodities is in China and not USA. They had a little demand, but looking at the dry bulk shipping rates…I would say that ship has sailed.

        • 0
        • 0
        • 0 Deem this to be "Fake News"
  4. halfbloodpope

    My grandmother used to tell me stories of growing up in Brooklyn with Jackie Gleason. Not much better than ‘Honeymooners’.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. s.k.

    Under our new Camacho in Chief the markets will not be allowed to go down ever again. Short sellers will be assimilated into our new wall Mexico is buying.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. Dr. Fly

    We are not entering a new commodity cycle.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. just3group

    Don’t forget the time changes again on the 13th….that always makes everyone feel better (Except in the morning)

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. blahblahblah

    very disappointed in the bears. please up your game. starting tomorrow.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  9. mrprawn

    I feel sorry for you Northeastern degenerates. It was 72 degrees here in California today. Granted, we don’t have water, be the weather sure is nice.

    • 0
    • 0
    • 0 Deem this to be "Fake News"