We’re Crashing Smooth Like Vaseline

Who said crashes weren’t fun?

This morning we got a new Fed head, dubbed Kaplan, say he was biased towards jacking rates the fuck higher and was looking forward to normalizing them. Then we got some other loser from the Fed say the last hike went well, and was totally uneventful.

Oh really?

How is THE WORST START FOR A NEW YEAR IN THE HISTORY OF WALL ST not eventful?

Ever since then, its been a smooth ride lower, all day long. I’ve been busy listening to some of my favorite jazz music, 200% long SPY, pleasantly awaiting my executioner.

Here’s the thing Fed Kaplan and others: what you’re trying to prevent, a bubble, already happened. You’re just too blind or naive to see it. The oil and gas cabal has borrowed trillions over the past decade. Distressed oil and gas debt will amount to over $900 billion when it’s all said and done. By hiking rates into a cataclysmic drop in oil, you’re only making matters worse. You know, just like you did back in 2007 with the housing debacle? Yeah, you’re doing it again.

I could’ve sworn on a stack of bibles with korans on top of them that markets would’ve rallied today. Instead, we’re getting the Dark Ages, and they’re coming now.