StalingradandPoorski's blog

Well, the "most anticipated" September FOMC meeting has come and gone, and no hike yet again. After the release of the FOMC statement, SPX rallied to a high of 2020, then sold down 30 handles into the close, and another -28 handles at today's open. Why? Well maybe people have finally realized the Fed is absolutely clueless, and that they have been completely misleading.

"You're the man who brings the President the jobs numbers on Thursday night, the Thursday night before everyone gets to see them."

Some must watch financial documentaries

What people and central bankers do not understand, is that you can't devalue your way to prosperity. Absolutely nothing has changed since the last crisis. The same too big too fail banks have only gotten much bigger. The same people that were in charge leading into the crisis and during it, are the same people who are in charge of fixing it. New regulations were established to try and regulate the industry, but they will be proven to be ineffective. Why? Because the Volcker Rule and Dodd-Frank have had all the important elements removed, thanks to the massive lobbying power of the TBTF banks and the Fed.

Amazing how much things change in such little time. Remember, "it's different this time."

Just my take on the whole Ebola situation which is unfolding at a rapid speed. As we are all well aware by now, Ebola is rapidly spreading across West Africa, and has made it to shore here in the U.S. Government officials are coming out in droves to tell citizens that the situation is under control and contained. They claim that Ebola does not spread easily like the flu or a cold, and that you can only contract the virus from exposure to bodily fluids.

Let's take a look at the amount of settlements/fines from various banks and financial institutions around the world since the crisis.

An interesting chart to look at, is the CLMI vs the SPX.

So here we are yet again, another FOMC day, and more new ATH's as Yellen goes on to say that all is well, the economy is growing , and that she doesn't see a bubble in the stock market

New All time highs almost every single day, yet market volumes have literally collapsed. On any given day, you would see an average of 2M eminis (S&P Futures, spoos) trade, and now we are seeing barely 1M trade, sometimes even lower. This has left everyone, including big banks, who are now being forced to lay off traders amid the slowdown, asking the same question: WTF is going on?