iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
16,733 Blog Posts

Apparently, It Doesn’t Matter

Stocks are trading up with or without QE. Life is one giant Costanza trade.

Act accordingly.

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20 comments

  1. Luv2Gambool

    If only someone had been telling us all along this market isn’t rallying because of imminent QE, and it’s because we know QE comes if needed. QE then already serves it’s purpose. A missile doesn’t need to be used, just aimed at the fucktards you want to behave i.e. da Bears

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    • The Equalizer

      Which is more or less exactly what he said.

      “In sum, both the benefits and costs of nontraditional monetary policies are uncertain; in all likelihood, they will also vary over time, depending on factors such as the state of the economy and financial markets and the extent of prior Federal Reserve asset purchases. Moreover, nontraditional policies have potential costs that may be less relevant for traditional policies. For these reasons, the hurdle for using nontraditional policies should be higher than for traditional policies. At the same time, the costs of nontraditional policies, when considered carefully, appear manageable, implying that we should not rule out the further use of such policies if economic conditions warrant.”

      And thus, it rained down titty sprinkles for everyone.

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  2. acehood

    But how did things always end up for ‘ol Georgie?

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    • George Costanza

      Hi, I’m George. I’m unemployed and I live with my parents.
      I would say pretty good- I hold the world’s record for Frogger.
      Just do the opposite in trading and you will be rich. Watch out for your WNR to shrink when in the pool.

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  3. J

    Ben’s practicing what Scott Sumner calls signaling and thereby allowing the market to make the adjustment itself. He’s getting good at it.

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  4. BottleRocket

    The market only has to stay elevated until Obama is reelected. Rhetoric like today’s will ensure that it does. Companies have learned how to squeeze the most productivity out of the employees they already have. 8% unemployment is here to stay and no QE will change that. Long (John) Silver for me.

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    • riggedgame

      Cutting unemloyment in half and then some is simple. Mandate a 4-day, 36 hour work week, require triple-time pay for hours over 36 per week, and hike the minimum wage to $10 per hour.

      Saves on welfare, unemployment, food stamps, fuel, and transportation.

      And makes for happy employees who have 3-day weekends to do their doctor appointments, coach their kids, etc.

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  5. Superpositron

    A sell off seemed to obvious.

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  6. Cascadian

    Okay, I’ll buy a little FB down here…

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  7. Trading_Nymph

    Well Govt is going to loan out 1M barrels of STR Oil…imho, so much is Oil story/rally..wild ride day, not over.

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  8. OG

    Should’ve bought SLV on the dip.

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  9. razorsedge

    lol, todays action was the exact oppisite of what i thought. but im still cautious, short covering? magic money? gld ,,,hahahahaha

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  10. Trading_Nymph

    Do you notice European bonds didn’t love the Clam today.

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  11. Sloop

    how long will they keep up te bullshit?

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  12. LKW

    This is a limited time offer, a rare and special opportunity, offered here at ibankcoin ONLY. Do not miss out on this invitation to my house: http://m.facebook.com/?_rdr#!/lisa.wells.3304673?__user=100004237268097
    (Visit soon! As the site will probably be down before the September surprise sets in).

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