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
19,850 Blog Posts

Get Positioned Ahead of the Presidential Elections

I remember when Kerry was trying to unseat Bush and I was buying stem cell stocks because that was an important discussion back then. Those fucking stock soared. During Bush’s first soirée into the Presidency, it was all about military stocks, almost as if people knew we’d be going to war for the next 20 years.

During the Trump run it was coal. I was a coal man and those fucking bastards ran good and hard.

With Obama, and pardon for this being scattered all over without a chronological vibe to it, healthcare stocks powered higher. On the Mitt Romney side of things, COAL again pushed higher.

This go around, we’ll get more wall talk and lack of wars from Trump. But on the democratic side, we might get lots of healthcare talk and possibly some Chinese dick-sucking jargon, although that’s a tough one. But at a minimum, we might get some daylight in healthcare, since a universal plan would mean more customers for providers and MOAR drugs to be sold.

BIG FAN of stocks here, nearly 100% long in my trading account now. My position sizes are always 5%, anymore more is commensurate with gambling.

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8 comments

  1. ferd

    But I thought the Dems were going to REDUCE overall healthcare expenditures by being tough with drug and device companies and by eliminating insurance companies??

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    • momono

      Anyone who has a chance of winning will benefit drug makers. Worst case, the drug makers will have to raise costs in other countries as they drop US pricing but overall more revenue will be coming in as more people are thrown into the healthcare system because doctor’s are mostly trained to write prescriptions

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  2. heckler

    “Big fan of stocks,” – Le Fly. Wow man you’re fucking awesome

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  3. ferd

    Looks like silver wins – gold and bonds not ready to go over cliff.

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    • numbersgame

      30yr bond (ie, TLT) sitting at 2.25%, huge resistance/support level. It may take a while longer to determine the near term (<1 month) trend.

      Also waiting to see if Bulls can hold SPY above 300 either today or tomorrow. I think that is more evident of investor sentiment thatn if the S&P 500 tardes above 3000. 2-9-8 proving support, but that range is tight and something has to give.

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  4. numbersgame

    NFLX up 3% on earnings, ROKU up 4% on absolutely no news whatsoever.

    I’m surprised that it is approaching $140 without pausing near $130. I’d short it now, but this seems to be a favorite with the no-commissions rookies (who are usually long only). Also, the rapid recovery is probably causing some regret among ROKUbulls that sold last week as well as some greed among those who think that it’s going right back to $180.

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  5. mad marsupial

    First things first. Be cautious of who the Democrats nominate. The primaries could put a dent in certain sectors and even individual stocks. If Bernie or Warren get nominated, Healthcare Sector could take a beating, at least initially. And no doubt FB would get hit if Warren is nominated. This list could be long, depending on who wins the nomination.

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