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
23,477 Blog Posts

Art Cashin: “Margin Calls…Fund Liquidations…The Fed Will Lose Credibility”

Once again, the man who marinates the finest ice cubes in NYC nailed it. Art posits the possible reasons for today’s drubbing, which is most likely due to margin call selling and fund liquidations. Also, he delves into the Fed and how they will regret raising rates–because they’re jackasses and the Yellen Fed is driving this economy right into the fucking wall.

Regarding fund liquidations: I know it sounds crazy that 8 days into the trading year there could be funds closing down. The crux of the issue is the severity of this decline. Although the NASDAQ is off by 10%, the average stock is down a lot more than that. Couple that with a rather arduous 2015 and the conditions for mass redemptions is present and highly probable.

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10 comments

  1. natehois

    I’d love to see the average small cap decline YTD.

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  2. brvalentine

    FED never had any credibility in the first place. Nothing to lose. 100 years of history proves so.

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  3. brvalentine

    All Benjamin did was compound the underlying/systemic problem/s.

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  4. brvalentine

    But, he gets a Gold star on his forehead for effort.

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  5. brvalentine

    Senor T, you’ll end up using that as Dart Board when all is said and done.

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  6. probucks

    Don’t you dare talk bad about Saint Bernanke! I have a tattoo of him on both arms. He’s Santa Clause to your portfolio gains over the last few years and should be treated like a god!

    Yellen is clearly Judas in this parable

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