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

GET IT THROUGH YOUR THICK SKULLS: RATES ARE NEVER GOING UP

All of the media and all of the morons who blog are shocked and amazed that the Fed didn’t change their language, in reference to when they will raise rates.

Listen to me, boy: The United Steaks of America has nearly 20 trillion dollars in debt. They prefer to borrow at dirt cheap rates–fuck you very much.

This news is bullish for both stocks and bonds.

Although Yellen sounds like a female version of Woody Allen, she is doing exactly what she needs to do here to keep the party going.

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27 comments

  1. xxxhuggiebearxxx

    They will not stop until there is a very clear inflation problem. Its all clear until that happens, if it ever does.

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  2. RIP

    Moar cocaine for the markets? Yes please.

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  3. Bullish

    I often wonder what Ben is doing right now? Fishing? Bowling? Golfing? Smoking a blunt on his reclined chair?

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  4. longview

    I had exactly the same thought…like a female Woody Allen…only more masculine (or at least deeper toned).

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  5. J Livermore

    Yellen is wearing $LULU under today’s attire.

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  6. J Livermore

    What of the BlueStar? What of the poor BlueStar?

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  7. matt_bear

    you dumping the utilities?

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  8. J Livermore

    “Is it a villain you want? I’ll play the part.”

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  9. TheNose

    this is the top of the market you idiot

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    • J Livermore

      If it weren’t for Le Fly, or men like Le Fly, your glorious stupidity would have no stage.

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    • Zuul

      It may be near the top, but it’s not the end. As Jack Livermore said, it will take several to reel this hambone in.

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  10. TheNose

    everyone expected this to happen (we are at the highs). now everyone’s buying because the expected happened. time to sell

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  11. TheNose

    dumbermore, look at 10yr rate. tell me if it’s higher or lower post 2pm. thanks.

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    • J Livermore

      Boner Nose. The first rate hike won’t have the impact everyone is expecting beyond the usual few day knee jerk reaction. It will take several to reel this market in.

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      • TheNose

        do you just look at this site and not look to see what’s actually happening now in the markets? TheNose knows

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        • J Livermore

          No, I look at charts. And two days ago I had a conversation with an analyst at the Dallas Fed. What sort of analysis do you do?

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  12. tradercaddy

    Billy Cutting nailed it.
    Yellen looks like Martha Wilson from Dennis the Menace.
    http://ts1.mm.bing.net/th?&id=HN.608036183920411023&w=300&h=300&c=0&pid=1.9&rs=0&p=0

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  13. it is showtime

    At some point. Something (definitely not saying inflation) Will prompt. An initial rate move up. If it gets out of control. That’s it

    Suppression. Which is ALL that’s going on now. Becomes VULERNABLE at some point

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    • alty

      Can you elaborate on your current positioning in the market? What do you hold?

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      • it is showtime

        High risk high speculative. deferring to finale wave (99 08 ??)

        Japan&Europe&Tech short. Agriculture/gold hedge long

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        • ForgetAlpha

          A deceivingly risky portfolio, what hedgies like to think is hedged, yet all of those positions are very correlated. Good luck

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  14. JV

    lol – I thought she said 2020 for normal rates

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    • tradercaddy

      Just in time to put all of my $$ in CDs so I can enjoy the early bird specials at Golden Corral after my shuffleboard practices.

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  15. dfasd

    bullish for gold too

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  16. Murph

    So, this isn’t the top FLY?

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