The Fed doesn’t care about your portfolios.
The Marinator of Iced Cubes in Chief, Arthur Cashin, sums up today’s market concerns.
If you enjoy the content at iBankCoin, please follow us on Twitter
Joined Nov 10, 2007
23,431 Blog Posts
© Copyright 2007-2024 iBankCoin All rights reserved under penalty of bodily harm. DISCLAIMER: This is a personal web site, reflecting the opinions of its author(s). It is not a production of my employer, and it is unaffiliated with any FINRA broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities. DATA INFORMATION IS PROVIDED TO THE USERS "AS IS." NEITHER iBankCoin, NOR ITS AFFILIATES, NOR ANY THIRD PARTY DATA PROVIDER MAKE ANY EXPRESS OR IMPLIED WARRANTIES OF ANY KIND REGARDING THE DATA INFORMATION, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. Privacy Policy
Fly, can you go in your spaceship to Saturn, pick up the Fed folks, and bring them back here to earth so they can see what conditions are like here?
This selloff seems a bit much. I imagine it will be 100% reversed and moar by the end of next week while billions of Chinese flock to the countryside to celebrate the new year just two months late. If that doesn’t happen I guess we’re looking at ES 1600 like everyone seems to want. Really, really doubt that.
Nasdonkey held Jan lows and SPY held lows of the last two weeks.
Yellen needs to be on her best behaviour next week. Her goal is to destroy the dollar and send oil up $10. It’s sitting under some major decreasing resistance right now. Good luck Yellen!