Art Cashin Comments On Today's Crash: "The Fed Will Try Anything"
"The Fed will try anything," warns Art Cashin, calmly explaining that markets "are in 'deep concern' mode," currently and if the S&P hits 1857, "there might be another whole new round of selling." The Fed's solution, Cashin stoically explains to a dumbstruck CNBC anchor, that "it doesn't matter that it hasn't worked in the past," The Fed will unleash moar QE to save the world.
The venerable Art Cashin unleashes some rather uncomfortable truths and no one dares disagree with him...
(20 votes)
»
- Login or register to post comments
- Printer-friendly version
- Send to friend
- advertisements -
Speaking about high IQ persons and their business success, I wonder how high is the IQ of this persona M.
(TribToBiHumor):
Hypothetically, for some reason, Mrs.Yallex wants to jump from a high building.
Everybody down are panicking, except M:
-Everybody, don't worry. I will save her!
His buddy H. whispers in his ear:
-Are you mad, it will evap yr spine.
M. whispering:
- Don't worry, before rescue, I will wait she bounces few times.
Getting close:
LARGEST SINGLE-DAY LOSS: NO. 10 Aug. 4, 2011Dropped 512.76 points
http://abcnews.go.com/Politics/stock-market-history-10-worst-days/story?...
"the fed will try anything"............come on man its a bank not a drunks 18 with daddy issues
"Oh, Lawdy, please, Lawd, just let me get back to even. I promise I'll never play that mean 'ol stock market ever again!! Oh, Lawdy, PLEASE!"......
There won't be another QE unless the regional or larger banks show serious stress. The energy complex would be the only source of that right now. I don't see it happening. Banks seem to be better capitalized than 2007.
Once more unto the breach, dear friends.
Helicopter money now! I want to buy a van and convert it into a camper.
I can think of one thing the Fed wont try. Honesty.
Jeez...listen to the semi-panic in the commentetors voices.
Like they are saying; 'who will save us now that the Fed is looking inept?'
I actually have the feeling the Fed will not come to the rescue this time. Why should they? They have already saved and enriched their friends once and empoverished the rest of the people. The Fed is greedy but they are not stupid so they will not help their friends again unless they would like to get lynched by the public at large.
Fed will rescue its member bank's interests. Why wouldn't it. Public is devoted to belief in government and by extension its partner, the Fed. Fed has even got people thinking inflation is good, and cheering for more! Like with politicians, people may grumble and bitch, but at the end of the day will just fall into line, bend over, and take it. It's the law!
Time for Iran to sink a US navy ship.War is what this economy needs! (sarc)
war! what is it good for? the bankers! say it again!.
Nobody is saving or pensioning so no need to talk of buy and hold or price averaging? Afternoon ramps broken. Checkmate. I been waiting a long time don't fail me now.
Hey ppt! Time for the daily 2pm ramp.
The Fed will try anything. Well, it's 1:46PM EST, and my dashboard stock ticker says "markets closed". WTF?
looks like the fucking ppt showed up at around 1245, bc since then, its been trimming away at the losses.
fucking criminal fuckers
Peter Schiff was right again.
Inflation measures services at 10%.
GDP measures services at 70%.
Why do they do that?
someone above commented that the US government should end the fed. let's get this out of the way. there is no way in its current construct the US government will ever end the fed. No way, no how. first and foremost reason is politicians do not have the balls to do it, nor the understanding of how the open market on the price of dollars will react to the lack of a centralized monetary policy. There is just so much interraction between the fed and money center banks that at this point it's impossible to separate them. That said, it would be much more plausible for congress to reduce the feds power and also alter their mandate. Beyond that it's more getting money out of politics and separating wall street from K street.
Whats Art's personal portfolio looking like? The old 70% bionds 30% stocks for someone his age and drinking habits? I doubt it. More like 60% cash, 20% miners and 20% phizz.
'Fess up Art.
To hell with these talking heads.
Lets:
Empty out
Wallstreet, K street and your neighborhood divorce attorney's office
All of DC
Every "Fed" regulatory department and private central bank HQ
Put them in coveralls
Hand them
A grinder
A stinger
A welding hood and gloves
Qualify what you can, make the rest laborers, boilermakers, pipeline helpers, carpenters and electricians
Let the current, real tradesmen "supervise".
Repair, Replace and Rebuild all crumbling infrastructure.
THAT will restart the REAL economy
Stop the wealth redistribution thats been ongoing since 1913 and "END the FED"
Why would you want to burden real tradesmen with needing to supervise a bunch of usless twits? What's an electrician supposed to do with them? They wouldn't trust them to not bump into a ladder, let alone hold or carry one. All of the trades you mentioned require understanding and skill. And even a laborer that carrys crap around on a jobsite needs to be useful and trustworthy.
If you want to give them a job let them dig a hole, lie in it, and they can replace the mechanical pop-up targets for marksmanship training. The target on a stick is optional.