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
23,471 Blog Posts

Cashin: ‘Central Banks Are Essentially Helpless’

Art Cashin is out talking greasy this afternoon, as the Dow sinks to session lows. He cites the appreciation in the Yen, up 10% for the year, as a source of major concern for the Bank of Japan. Moreover, he believes if the Yen strength continues, the BOJ will be forced to up the ante on their draconian negative interest rate agenda. As such, this is an indelible negative for banks–which is precisely why the financial sector has been rife with underperformance.

Lastly and perhaps most importantly, he believes the market might be breaking through support now, something that is keenly watched by scores of chart-chomping knuckle-draggers.

As the NASDAQ swan dives, lower by 83, I have one question for all of you: did you reserve a seat on the ark (TLT)?

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40 comments

  1. superb

    what a change of heart. you stopped promoting Trump. May be you should write something on KKK

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    • Dr. Fly

      Superb

      1. Didn’t have a change of heart.

      2. This is mainly a finance site and I reserve the perogative to discuss politics whenever I like.

      3. Are you inferring that my support of Trump makes me the equivalent of a KKK member?

      4. Do you always swallow (extra homo) whenever the media drops a load in your mouth?

      5. Who are you supporting for President?

      6. I don’t care who you’re supporting.

      7. You’re a moron.

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    • hattery

      Superb is a racist

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  2. superpositron

    On the ark next to the beetles and the hippos.

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  3. cali24dog

    pull back seems orderly…20 or more points lower on the s&p I would suggest covering TLT and XLE….good luck

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  4. superb

    Fly, you have said protesters are savages.
    Where Ku Klux Klan used to lynch black people, burn their body, and take some body parts a souvenirs.

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    • Dr. Fly

      Superb

      Please describe to me, a simple man with an IQ of 155, what the KKK, souvenirs of dead people and me calling protesters ‘savages’ have in common?

      I’ll wait for your ridiculous answer.

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      • superb

        You are a KKK member and trump supporter.

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      • frog

        Super, perhaps you are from a different culture that does not do parody and entertainment.

        The U.S. culture is VERY into entertainment. Here, look at this:

        http://www.theonion.com/

        Entertainment. See? Not serious.

        Fly may be a Trump supporter– although I am not even sure of that– but many other things he writes about, that do not have to do with financial news, are entertainment.

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  5. frog

    Welcome to Devil Dog Cashin.

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  6. Dr. Fly

    Like I said, SAVAGES

    https://www.youtube.com/watch?v=2RFqwWj5T8g

    The liberal left are like little Nazi brown shirts, suppressing free speech and assembly. They are the very worst kind of person. These are not intelligent professors, who are mere do-gooder communists. They are anarchists and should be treated less than dogs.

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    • frog

      Right. Unlike the oh so virtuous gun waving Tea Partiers who took over a government Wildlife Refuge.

      The small number of liberals (or paid actors, as some say they were) who blocked access to a Trump rally were wrong to do that. However, they certainly act better than gun waving Tea Partiers. And they are not representative of liberals as a whole, the overwhelming majority of whom do not try to stop free speech or rallies.

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      • Dr. Fly

        Frog

        Apples and Oranges. These are vagrants during a Presidential election. HUGE difference.

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      • btn

        Superb had some screws loose, but you find crazies anytime you wander from the middle in any direction.

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  7. Dr. Fly

    Superb

    Arguing with you over the KKK and Trump is like trying to teach a 2 year old applied mathematics. You’re simply too stupid, too block-headed, to have an intelligent discussion with.

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  8. tradercaddy

    Fly is an anti- semite.
    I could tell because his avatar is that of a Doctor (as most Jews are, if not running the media and the banks) and the avatar shows a big nose.
    He is also a racist- he is wearing white gloves in his avatar and not black.
    I think he also might be an anti-dentite based on his avatar, otherwise he would be a dentist.
    https://youtu.be/20Oxygz098E

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  9. Dr. Fly

    I had to ban superb, after reviewing some of his comments over the years. Long term reader since 2009, it appears.

    Here are some of his greatest hits:

    Dr Fly has very good Analytical Power.

    Say: He is Allah, the One and Only! Allah, the Eternal, Absolute; He begetteth not nor is He begotten. And there is none like unto Him.

    Surah Ikhlas is a very important Surah from the Holy Qur’an because it proclaims the Oneness (Tawhid) and Absolute nature of Divine Essence. This concept is presented in the first ayat. The second ayat declares that Allah is Eternal, i.e., He is beyond the bounds of time and space. The third ayat describes that Allah does not give birth nor is He is given birth and the last ayat declares that Allah is beyond comparison. Surah Ikhlas directly supports the first declaration (shahadah) of Islam: “There is no god but Allah”. In this context, Islam is based on belief in one God (monotheism).

    Dr Fly has very very good analytical power.

    But America is in so much debt. It is not superpower any more.

    Do you know how much interest America has to pay daily on its debt? Its more than 500 million dollar a day.

    Civilian Victims of USA Foreign Policy Up to 2011

    2004 Palestinian Territories Political support, finance and arms. 1,400 +
    2003 to 2007 Iraq Invasion and Occupation (with UK). 655,000 +
    2006 Palestine, Lebanon Political support and arms. (with UK). 1,300 + (to August)
    2006 Haiti Removal of elected government. (with France). 8,000 + (to September)
    2007 Somalia Removal of government. (with Ethiopia). 2,000 +
    2008 Palestine Political support for siege and killings. 700 +
    2009 Palestine Political support and arms. 1,300 +
    2008 to 2011 Pakistan Unmannded drone attacks. 2,000 +
    http://krysstal.com/democracy_whyusa06.html
    America is the biggest terrorist of the world.

    What a good news breitbart died. He was toxic.

    America is the root of all terror. America has invaded sixty countries since world war 2.
    In 1953 America overthrow Iran’s democratic government Mohammad Mosaddegh and installed a brutal dictator Shah. America helped Shah of Iran to establish secret police and killed thousands of Iranian people.
    During Iran-Iraq war evil America supported Suddam Hossain and killed millions of Iranian people. In 1989, America, is the only country ever, shot down Iran’s civilian air plane, killing 290 people.
    In 2003,America invaded Iraq and killed 1,000,000+ innocent Iraqi people and 4,000,000+ Iraqi people were displaced.
    Now America is a failed state with huge debt. Its debt will be 22 trillion by 2015.

    Germany started what? I thought you knew history …

    America is the root of all terror. America overthrow Iran’s democratically elected Prime Minister Mohammad Mosaddegh in 1953.
    When in America black people were not allowed to vote and white ku klux klan used to lynching black people all the time. Black people are still treated worse than pigs.
    America helped create SAVAK and killed thousands of Iranians.
    America is the only country shoot down Iranian civil plane killing all 290 people.

    Number of live births to unmarried women: 1,604,870
    Birth rate for unmarried women: 43.9 births per 1,000 unmarried women aged 15-44 years
    Percent of all births to unmarried women: 40.2%

    Deuteronomy 23:2
    King James Bible
    A bastard shall not enter into the congregation of the LORD; even to his tenth generation shall he not enter into the congregation of the LORD.
    Too many bastards … people are afraid of getting married in amrika

    Is Fly a KKK member?

    Fly is a Ku Klux Klan member. Why would some say protester savages?
    When white racist could not have black people as properties they created Ku Klux Klan to intimidate black people.

    Fly, Your obsession for Trump is disgusting. I still cannot belief you said protesters savages. It was the KU Klux Klan, who used to lynch black people, burn their body, and used to take some body parts a souvenir.

    You are disgusting …

    Why TLT is going up? Mr. Fly?

    i still cannot belief you have said protesters as savages.
    Its Trump/ KKK who used to lynch black people, burn them and take some body parts a souvenir.

    Fly, you white supremacist, you worship Trump. Thats why you hate Kerry.

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    • frog

      Chuck, are you around? Do you agree with Superb that America is the biggest terrorist of the world? I know you don’t like our military industrial complex’s crazy activities of getting involved in tons of wars in other countries, for no apparent reason– and training people who later end up being terrorists, like Osama Bin Laden.

      Fly, I think Superb is from some other culture and had no idea what you were talking about most of the time.

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    • infinitezuul

      Holy shit. What a racist psychopath.

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    • big bear

      There is little doubt that Superb is currently in the process of issuing a fatw? against Fly, Trump, KKK, and perhaps TLT longs, in no particular order.

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  10. tradingnymph

    NIRP has not worked and only made Yen stronger. Yellen has been the Kuroda Killer since the last FOMC meeting. Nothing is coming out of April BoJ meeting. Yellen tonight can stop her Godzilla Attack on Japan if she becomes just a bit more hawkish. If she does DOVE TALK, omg, USD/JPY could go to 100 ouch.

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    • bushwacker2

      Insanity. Yen got stronger on NIRP. “Hey, let’s double our efforts on NIRP. Let’s see what happens!” (in thick Japanese accent)

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  11. Marc David

    Krispy Kreame Klub (KKK)

    We do have a lot of USA members of that club if that’s the triple K you mean?

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    • tradercaddy

      Nothing like a hot KKK slathered with fresh icing as it comes off the rollers.
      And a cup of KKK coffee, to boot.

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  12. Marc David

    @Fly – You should pass that IP address onto Homeland. I read thru the list. That’s some scary stuff. Person needs to be examined. That’s foaming at the mouth crazy talk.

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  13. tradercaddy

    Funny stuff.
    Some people are so entwined with ideology they consider it a personal affront if somebody has a different opinion.
    I believe these people are actually tools helping to keep and give power to the lifetime politcos.
    Usually, one is called various names (racist, KKK, right winger, left winger), etc. , for lack of substance.
    I have a sister in law like that. She actually burst into tears when Nader (of all people) didn’t win).
    If Sanders doesn’t win I think she will go on a food strike.

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    • t.c.

      lol on crying about Nader. Poor thing.

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    • frog

      Smart sister in law you have, being for Sanders. He’s not a neocon and doesn’t want a lot of pointless wars. He’s for keeping Social Security intact, against open borders, against trade agreements that screw over American workers.

      Fly, if Trump doesn’t get the GOP nomination, and Sanders does get the Dem one, will you vote for Sanders?

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      • Dr. Fly

        Yes

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      • frog

        Wow. Because you believe in the above policies, not just the man named Trump? Or because it can be a protest vote against the GOP if they make their convention brokered in order to shut Trump out?

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  14. blahblahblah

    my super cruddy TVIX is alive. 18 trades this week. account flat. 47 positions. have a nice weekend.

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  15. bobbyray

    I’ve been short Superb since 2009

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  16. frog

    Fly, Superb was taking things very literally. He probably thought you were a medical doctor, because of your avatar photo.

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    • billiejones

      Frog,

      Why are you trying to defend Superb? Did you read his past comments? He sounds like a short bus enrollee in ISIS university. Of course he takes things seriously, thats what dimwitted dipshits do. He likely believes that there are “literally” 72 virgins waiting for him in heaven after he blows his malnourished unkempt goat shit smelling body to pieces (extra racism towards terrorists). I apologize if I triggered any emotions in you soft as baby shit, powder puffs. Feel free to retreat to your safe space.

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  17. bushwacker2

    I love the KKK (Kozy Kim Kardashian)

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  18. probucks

    The IQ of 1/2 the people on this comment stream is rather low….

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    • btn

      You know what else I noticed? 40% of sick days are the day before or after a weekend.

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