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
19,700 Blog Posts

GREAT DAY — TIME TO BUY TRASH

Not much to add, other than the obvious. The fucking market wants higher. You can try to fade the close and hope for one morning weakness. But overall, that’s probably a dumb thing to do.

I think the next trend in the market is to buy shit, highly leveraged, indebted, piece of shit companies, especially in retail.

Retail has been tossed into the flames this year. But look at BBBY today. Look at the sector, on a whole, and there are some interesting cross currents.

Long day here, once again, at House Fly. I’ll try to blog tonight after seeing what the Asians do with their stocks.

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4 comments

  1. ferd

    Yeah, so look at BBY.

    I find your glasshalffullism disturbing.

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  2. omfgitsjd

    What up/down percentage swings in a market can one expect when things get close to correction?

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  3. tradercaddy

    Speaking of trash – how about oil and energy services via OIH and XES etfs.
    Multiyear and decade lows.

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  4. C. Montgomery Burns
    C. Montgomery Burns

    Ah I see, time to buy North Carolinian property…

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