People are buying this pathetic, languid, number. Do you know why they are doing so? It is because we are programmed to enjoy the bid that the Federal Reserve provides us with. Understand something, with nearly $20 trillion in national debt, the United Steaks of America cannot possibly allow its interest rates to head higher, while looking at you with a straight face, saying “we’re not trying to purposely default on our obligations.”
I appreciate the candor of the billionaire hedge fund manager, who operates out of the Short Hills shopping mall, who told us to sell short treasuries yesterday. He has a mighty fine track record and I could only hope to enjoy 1/10th of his success over the course of my lifetime. But he’s fooling himself, or you, with the idea that rates are done going lower.
A great man, who once walked the halls of iBankCoin and screamed at you from his office every morning, once said “we are Japan.” That we are my friends and I’m not bearish on stocks because of it. I am simply hesitant in the month of September. Call it superstition or “gut instinct”; but I want no part in this phase of debauchery. I’d rather just sit here and watch you have all the fun, while I think of ways to entertain myself.
If you enjoy the content at iBankCoin, please follow us on Twitter
Ghost of Scott Bleier …
I miss Scott (no homo)
Go say HI on Twitter.
CHARLEE MURPHY!!!
“Buy, buy, buy! Oh, everyone’s buying? Then sell, sell, sell!’
It’s a celebration bitches!
I really don’t.
What wrong with being homo for Scott?
Agree with rates not going anywhere, anytime soon..believe Reits continue to benefit..adding on any weakness to ACC and AMT, specifically
I complimented Mr. Bleier on Twitter once for a intra day call he made. He replied by referring to me as an asshole…
True?
100% true. He seemed really angry. In his defense, I think he misinterpreted my ‘Carnac The Magnificent’ reference. I just took my lumps and moved on.
My guess, rates can’t/won’t tick up reason being, they can’t. Its free flowing money from here on out. Deflation, the fed can’t fight it, all these old’s are going to be retiring and not buying crap except for smaller houses/apartments and coffins
Come on America- get to work!!
I’ll be drawing Social Security soon and the fund needs your $$.
Golden Corral- early special (with a coupon) here I come!
SPX will be -1.23% today thx.
There she goes!
Scott Bleier is great! Radio show was great.
I will always follow him on twitter.
If rates ever went negative..does that mean a person would have to PAY to loan their own money to the Fed?
For example, to own a T-bill, you have to loan your money to the fed and pay them interest “for the privilege of ownership”.
Jesus, I hope that never becomes palatable to any investor in the U.S.
Fed meaning…federal government.
A-game.
I made the huge mistake of following Jim Cramer on Twitter The guy talks about everything right down to his fucking rosebushes I had to delete my twitter account just to get rid of the ass
Just buy everything. EVERYTHING.
That’s some sexy retracement for the early morning. mmmm, like 97%
The technocrats at Dept of Labor are putting some of their job stats in a box to save for next month so they can announce big job gains before the mid-term elections. Big Gov’t wants the Dems to win more seats.
I remember all this talk about how September is a horrible month for stocks back in late Aug of 2010. That’s when everyone was buying vxx, tza, etc only to get their faces ripped off.
Sept 2011 was a bit of a pull back, but 2012 and 2013, again, were bullish.
I don’t understanding why people still claim that Sept is somehow a negative month for stocks. That can’t be justified looking at the past 10 years…
2004: up, but almost flat
2005: flat
2006: up
2007: up
2008: down (duh…)
2009: flat
2010: up
2011: down
2012: up
2013: up
that’s 5 UP, 2 DOWN, and 3 FLAT
How does that “bear” poorly for September’s stock performance?
I am moving my 401k stuff to safety as per His Flyness. I wasn’t cool enough to have heard of iBankCoin in the Bleier era, my loss I guess.
For the time being (and who knows how long that is) the Fed has controlled interest rates….but can they forever? What is the exogenous vent that causes them to lose control? http://www.econlib.org/library/Columns/y2013/Hummelinterestrates.html
BLOOD!!
We are casino rubes aghast to learn the games are rigged. We confuse wisdom for luck.
Well at least my TSLA puts are working out.
Fly – what % do you have on the sidelines? Or are you fully leveraged here?
This market is never going down again.
the only bearish trade set to work is the end of the world trade….but good luck trying to collect on that win.
It’s sad to see saver’s hard earned economic surplus (savings) get treated like trash by a bank cuz they can just go get it for free and freshly printed from the Fed. This is how the power of the people gets sapped.
Tangible and valuable assets are being snapped up by the rich and powerful with fake money. They throw crumbs at the poor to keep from riots and bloodshed while tellng the middle class to go fuck themselves.
Buy everything new poster lol Bryce said to short in the previous post
Not previous post, previous topic on value
Its A Trap!