I cannot remember a worse start to the New Year, since 2008. Apparently, this is measurably worser off. We haven’t seen loss like this since the good olde days of 2000. Bear in mind, the first 5 days of the first week in January usually sets the tone for the rest of the year. With commodity prices cratering, China derailed and the Fed delusional to the point of sheer madness, we find ourselves mired in the midst of a runaway market…to the downside.
When I saw “we”, I mean it–strictly–in the royal sense, as I am in cash, TLT, and a side platter of SPY. I’d also like to remind everyone that the core issue here is the Federal Reserve’s inability to quell market fears. China is slowing; we get that. But, I have to believe if the market understood that the Fed would do everything it could to maintain market stability, we’d be singing a different tune now–one authored by a Mr. Rick “Boss” Ross.
Dow futures are off by 250.
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We’re close to your 5% down in January call.
B.i.s. the bankdaddy has been reminding everyone markets are overheated as well as reliance on -central–banks-, I remind, You
Oh boy is this great! – Flounder
meanwhile BullshiTCoins are ripping tits off a classic extra OA gravy sentiment chart aversion…
have appreciated the improvements to iBC fly, ripped through a ton of backlogged panic episodes tonight, another quality addition. looking forward to what you have in store for 2016, probably gonna play that boss exodus signal options game once things calm a bit…
Thanks. I have monstrous plans for IBC this year. I am hell bent on fucking other finance sites with it.
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done. also done got a whole house load of revelers toasting in the new year on frenched martinis, excellent suggestion.
If you don’t have champagne around, you can always top it off with club soda or carbonated water. Not bad.
I took to them after drinking them in Newport, RI. They are a favorite over there; my summer stomping grounds.
Fly you should get some sleep. This is just the start, it should go on for months. I so love 2016.
copy & paste the 30 flash crash orders from yesterday. sell people sell. americas sweetheart the TVIX doing the 5 to 8 for the hundredth time in two months
*yawns
Everything it could? As in back to zirp with a “side platter” of moar qe? Maybe they should belly up to the side platter and buy some junk bonds and penny stocks.
2 Trillion Worldwide that is so much money. Terrible. How many times does 2 trillion go into 19 trillion? Now that’s a lot.of payback for any one country. No?