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
23,433 Blog Posts

AMAZINGBALLS

I hope you appreciate the concept of negative rates in Europe. This is a continent struggling to employ and produce, using draconian methods to encourage growth–5 years removed from the Great Recession. Here in the states, we are winding down QE operations–but still have zero percent rates, which has not really buoyed new homes sales in any large degree. The desirable areas are in demand and Detroit is still Detroit.

Can the market go higher without a Fed intervening? More importantly, if the economy is still struggling now at 0% rates, can we seriously raise them?

To the latter, I say no, positively. The only reason why you’d raise rates is to stoke another market crash.

I’m not as bearish as this article makes me sound. I am simply asking some serious questions that will one day need to be answered. Until that day of reckoning comes, we have this–the never-ending melt up. Pullbacks are always met with buyers and short sellers remain, indefatigably, ย in the ‘fag box.’

Top picks: ETR, EXC, TLT and cash.

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12 comments

  1. Murph

    Who would have thought that long duration bonds would be up 30% YTD…go figure.

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  2. Bruce Keller

    It’s pronounced “Amazeballs” good sir. Amazingballs describes solely myself.

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  3. Bruce Keller

    Also. Just like 1929, Europe ends up being the ultimate reason for shit going bad.

    Fucking baguettes.

    But they’re so good.

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  4. Negative Guy

    0% may as well be negative.

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  5. runawaytrain

    Total insanity, print print, a race to the bottom. The strength in the dollar is going to hurt all of the companies here exporting to everyone else. Its a race to the bottom.

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  6. matt_bear

    your top picks have turned you into a 57 year old “prepper” that cut out all excess but kept the internet connection.

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  7. Missy

    Made a fucking killing on TZA today. 150k shares long from ze top ๐Ÿ™‚ preparing to be shellacked tomorrow though.

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  8. Marc David

    Wing Wong

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  9. Autumnal

    Where’s that faggot who has been saying to buy NUGT on every post for the last month. Good call, fuckstick! Lets do it again soon; I really liked the way your tonsils tickled.

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  10. typebtrading

    DOW 20k by this time next year.

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