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This seems to be the site to ponder the following...assuming the stock rally off a 6-handle spx was liquidity driven, is it not accurate to say that today's markets have many new ways to play this on the short side? If equities are being rented, not owned, are those renters content to just sell and buy bonds? Even a quick move could mean a 150 pt drop in the spx.
Leg bone connected to the shin bone. US Fed bone connected to the BIS bone connected to the IMF bone connected to the City of London Corp bone connected to the Reichsbannk bone connected to the BOE bone connected to the Barrick Gold bone connected to the Seven Sisters bone connected to the US Treasury bone connectd to the plunger on the back of the toilet because it is all willfully sending your wealth down the same hole!
EB, I love your writing style. It's like MOMO for my mind.
That's Great EB...well said !!!!
Could someone translate that gobblygook for me?
Noah, are you new here?
Let' see: PD: Primary Dealer, Goldman JPM… Treasure Island maxed out: Bond buying by the Fed is doneUncle Timmy's…wares: US govt bondsQE: fancy term for electronic money printing; buying us govt bonds ended, buying Mortgage Backed Securities from Fannie Mae and Freddie Mac still continuesCRE reset: Reset of Commercial Real Estate loan
That should translate the slang into regular words.
Markets = fine china on table. Fed QE funny money = table cloth on the table. Fed = unskilled magician. Floor = S&P 500 fair value.
Hope this clears it all up.
+10. Well said.
Love that QE is the same as QE _ Queen's English, cuz that is what we is gettinin
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