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
23,473 Blog Posts

Morning Poppers (I’m a Man of My Word Edition)

UPDATE:
Apple target raised to $194 from $182 at Morgan Stanley
Post acquires BOB for $77.

Hello mates, it looks like futures are higher again, alongside the winds of Hurricane Maria — who is making her way down to Puerto Rico to wreak havoc. While we get to enjoy the availability of being able to drive away from these storms, the poor people on these god forsaken islands are forced to endure the wrath of Mother Nature and all of her indecorous fury.

Before I get into the ins and outs of this morning’s tape, I just about finished up the first season (new show) of Ozark, starring Jason Bateman. Wow. It’s about a financial advisor who launders money for the Mexican cartel. It’s a really strong offering and highly entertaining.

WTI is higher by another 0.8% this morning. The WTI-Brent spread is nearly $5, so this isn’t merely WTI playing catch up post Harvey, thanks to supply disruptions. This new leg up for oil is real and has surprised many, myself included.

Gold is edging higher. The dollar is -0.28% v the euro and the NIKKEI ripped through the ceiling tiles, +1.96%.

Over in Europe, the Eurostoxx 50 is flat and S&P futs are +2.6 and ETH and BTC are lower by 2.6% and 1.7%, respectively.

As it pertains to my XIV position, I will be selling it at $95 or better today, because I’m a man of my word.

And here is more from my Twitter feed.

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6 comments

  1. speerothekid

    Are we still ignoring lithium stocks or nah

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  2. metalleg

    I spent my entire Sunday before Labor Day watching all 10 episodes of Ozark. Very good. Not Breaking Bad good but still better than most of the crap on the boob tube.

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  3. matt_bear

    i watched the first episode. it was “eh” but not bad.

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  4. duuude

    Goliath with that guy who married Angelina first…and that druggie guy from that funeral movie with the great oldies.

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  5. mrcharlie

    Bateman is great in all roles, havent seen this gotta check out Ozark

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  6. snaketron

    so much for the “oil gap up is real” theory

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