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
21,152 Blog Posts

The Turn is Coming; Fuck Jeremy Siegal

Two days in a row CNBC brought on that cock sucker Jeremy Siegal at 12pm and two days in a row the fucking markets collapsed, as he incessantly weaved a bearish narrative — talking extreme shit. It’s wholly ridiculous that anyone would listen to that piece a shit. It’s even worse than CNBC is bringing that cock sucker onto their channel for two days in a row. God damn it.

Ever since he got off that air — markets have recovered. We are seeing extreme buying in software stocks, especially SAAS — +3.7% for the day. All of the larger cap bubble stocks are running. Things look good, aside from the small cappers — which are still entrenched in hell — down by 1.2%. I am still down by 1%, mainly due to over-trading and over-thinking. In short, I am in a cold run and it’s best I keep a large cash position in order to reduce the damage I am prone to do to myself during these spates.

Nevertheless, SAAS up usually precedes a gap higher in everything, so I remain obstinately bullish.

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6 comments

  1. fxtradepro

    Yield curve is flattening…not a necessarily a postive for equities. Something ominous seems to be brewing, and broad based commodity deleveraging is adding fuel to that fire.

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  2. donnie wads

    Can someone explain how higher rates sooner is bad for financial stocks?

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    • emersonlakepalmer
      emersonlakepalmer

      Higher rates, lower rates. None of it matters when your balance sheet is full of crappy loans that will never be paid back.

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  3. metalleg

    It’s all about the narrative. They want to strengthen the dollar and crush precious metals. The Fed will never increase rates again…ever. They won’t because they can’t. All they can do is talk about it. Why anyone still believes their bullshit is incomprehensible. Utter stupidity.

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  4. trumpmeister

    This is nothing more than a ruse to tell the commodity bulls to calm the F down and buy techs instead. Nothing more than a rotation excuse to keep this multi year bull market going. lol.

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  5. soupbone

    This is creation of the bag holders club. Happens every cycle. This cycle will be no different.

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