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Well that escalated quickly...
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I met Bullard in April at the press club after he gave some BS remarks on the path of a potential rate hike. He parroted the same shit about low oil being unambigously good and I asked him point blank why hasn't it translated in the consumer data then?
He just parroted BS about 'expectations' and scurried off.
How do these arseholes get their jobs?
Are you really asking that?!
Yeah, it is not what you know, but who you blow, and having a good set of kneepads...
Not sure what Trump has to do with this post Tylers.
By sucking a lot of dick, that's how.
They get their job by doing are they are told to do or say and avoid asking too many questions. Never underestimate the power of greed and dumbness combined.
Citadel algos are slow in levitating the markets today? All that excess capacity from China should have helped.
They need to hurry up and raise interest rates before this thing craters.
Too late; they missed their window about six months ago.
Maybe this is the final blow off muppet crushing top?
The market is more insane than our government.... oh wait!
buy the fucking dip, the lizards need another relaxing month in the Hampsteins, then shit can get real
China's already cooked up a goodie for Iranian oil
http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20150805000189&c...
If you look at crude CL and the ES daily charts, they usually make big reversals together. What is interesting, that correlation was broken on 2 occasions by the fed. First time was when QE3 was announced, around Sept to Dec 2012 when the ES shot up and went to the moon and crude pretty much stayed sideways. Another time was the Bullard QE4 comment Oct 2014 when the S&P and crude where rolling over and going into a big correction. The S&P (ES) went up like a rocket when the Bullard QE4 comment was made and crude (CL) was already tanking. Crude continued it's tank and has been in a bear ever since Oct 2014. Fed keeps breaking the market to avoid reality.
The DAM has too many holes in it to plug anymore. Soon the flood will occur.
We need some more Dutchboys...and some Tulips...Black Tulips that is.
That color Black was the harbinger of the Dark Days to follow.