***BULLARD SAYS FED SHOULD CONSIDER DELAY IN ENDING QE***
Bear in mind, Bullard is persona non-grata, just like Plosser. But it’s refreshing to know there are men out there looking out for the best interests of the country. We all need a little QE, in order to elevate our standards of living. This whole slogging through the end of QE is tedious, boring, and dangerous for my financial well being. I wish Bullard could enact a coup and violently take over the Federal Reserve, imprison Plosser and Yellen, and commence operation QEIV. But, unfortunately, we live in a ‘democracy’, or ‘republic’ as some of you assholes like to say.
On this news, however, stocks rebounded. Oil and gas plays are bouncing; but I am somewhat reticent to claim victory. It’s been a suckers bet to do so, as the computers are firmly in control of our fate–pushing the market up and down in 30 point increments.
We can only hope, and pray, for a 1,000 point reversal to the upside today, sending VIX instrument products down by at least 50%–leaving many of the bears in tatters amongst their own ruined castles of burlap covered shit.
If you enjoy the content at iBankCoin, please follow us on Twitter
Delay what? Cutting that last $5 billion? lol
TLT is -ve for the day (Even after Bullards comments). That is the tell. If folks are selling bonds in the most dire of moments, where will that money go?
STOCKS
When?
$5 billion in perpetuity…
But this also reminds the markets that the Fed is there to ensure sellers lose.
Might as well be a nickel or a dime given the market size.
.
… would Bullard’s comments be considered “jawboning” ?
.
XONE ripping, wowza
Trying to remember the guy on Fast Money who said to buy a basket of 3D stocks and hold for 2-5 years…
how much time left on that deal?
Of course if you held XONE from $70, not so good
Financial planners are “re-balancing.” Selling shares, buying bonds. The baby boomers are getting old, so their portfolios are moving to higher % bonds. That and too much stock, as the market rises, means you sell some to buy bonds for optimum % portfolio distribution.
It generates sell orders for reasons unconnected to fundamentals.
1,000 point reversal to the upside would be nice… indued
It probably all really is just a setup for more pain though. Needed some type of news for the bounce.
+1 with the Bruster on this one.
A mere 20% moar in HCLP and I’m whole.
Inside day? how could it not be?
PPT going to flash overbought soon LOL !!!
Yellen better back him up tomorrow!
An olde wooden device, not seen for some time, begins to creak as if it’s being transported from it’s hanger to some other, more public, destination.
“…focus on your business and simply replace the money that you lost with new money. If, by chance, you aren’t able to earn new money, due to decrepit aging or a level of stupidity that leaves you without income, move into a housing project.”
Yes, thank you Dr Fly, I am taking up you advice even though I am richer than HALF THE WORLD’S POPULATION with $100 more than $3650. I have a 3 FIGURE ACCOUNT and “feel the wealth” down only a DOLLAR FIFTEEN CENTS but man it’s good to hallucinate being in your neighborhood.
http://www.telegraph.co.uk/finance/economics/11161150/Are-you-among-the-worlds-wealthiest.html
Throw that last $100 on a PCLN Nov 7 put my friend.
Like on Tuesday 10/21 though.