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Remember yesterday? Yeah, that's over...
Charts: Bloomberg
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Hooray! Root for the bread lines!
Come on, tighten you mothers, I double dare ya', raise rates by a whole 5 basis points!
The other day I was chatting with a good guy (for an equity manager) who I'd worked with 30 years ago. On the first tee, he's starting his backswing, stops and turns around to us and says; "Janet doesn't know what the hell she's doing."
Exactly... it will be 25 basis points but they can't because after 7 MOTHER FUCKING YEARS THE GOD DAMN ECONOMY IS SKYROCKETING! But we both know the 'markets' will crash, therefore, they'll continue sucking the blood out of every bank account in the country.
Kim K/Punxsutawney Phil 2016
Your a sick, sick man Knucks.... :-))
Unleash the BULLARD or any idiot FED member!!!
Only question I have is whether the US will jail short sellers. Maybe they'll just ban short sales of banks and other financials.
The government will most likely (secretly through proxies) take the other side of any excessive sell orders to protect the banks.
Where is Treasury and ESF today?
So yesterday news of the rate hike being delayed sent stocks up and today it sends them down. WTF?
What is ironic about all of this is that bad economic news out of China pushed everything higher. Today, not so much. It's like my girlfriend in high school: unpredictable, volatile and schizophrenic.
Link up with someone like that and your life will never be dull. :-)
I suppose the PPT (Plunge Protection Team) is in operation about now.
Think they'll run out of money to buy securities and fight this downturn?
Nah! They can always print more.
And we criticize the Chinese government when they manipulate their market????