So the weaker than expected payrolls ended up being a net positive for the crazy people sloshing money in and out of the market. The prevailing wisdom is that the Fed will hold off until September to hike rates–due to this report. I believe the Fed will move in June, as my thesis has taken a turn from cynical to diabolically cynical.
It is the tradition of this great nation to implode its economy, just before a new President is coronated. This way, the new President can move with force in the first 100 days, working under a ‘mandate’ by the American people to right the ship.
Our elected leaders are caitiffs of the first order, wanton degenerates and disgusting perverts. But I digress.
Stocks lifted throughout the day and everyone will go home happy, like morons sucking on an iced cream pop. My bubble basket closed down 1%, thanks in large part to biotech. I closed out my XLE short yesterday, so my total market exposure is only 25%, which is invested in TLT.
The markets have closed now. Go in peace.
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You’re good for the vocabulary, Fly. I just found out what a caitiff is.
My ‘observations’ of the ‘psychology’ of the ‘market’ have been viewed as – ‘off kilter’
(big but)
I absolutely connect whatever diabolical element Fly is beginning to gravitate to that may have wanton rate hike chaos in mind, to the scramble in the last 5secs for those 10 dow points, the bump from 11-11:10 12:55-1:05 1:55-2:05, the absolute calm from 2:05-3:50 (drifting either way was basically stymied), standard final 30sec ‘volatility’ but strong force on dow drift +72 +70 +68 then quick +74 for example, the psychology of it and someone needing enough power to do so, is quite obvious, On slowing data slowing globe creeping reality creeping dissatisfaction stocks would show strength in such a programmed methodical manner?
Bad news good news interpretations not as signfiicantly relevant as say 2012 – 2014
(not a normal market bozos)
Hello Showtime…
I rarely grace these fine halls of the iBC very often anymore, but I have noticed you are still saying the same crap you said many years ago. What’s a normal market to you? What does your utopian stock market/economy/federal reserve policy look like? You are always so surprised… perhaps you need to change the way you are thinking and this will make more sense.
you think it’s surprise? quite the misinterpretation
you bet saying the same thing. each year more catch on.
you sir have not gotten a new top since – last – may
until
then
or until
0
Bullish, people like Showtime almost never change. Everything is doom to them always, no matter what the market is doing. Nothing you say will ever change their mind. Perma bear or perma bull market views are kind of like politics or religion. People grab some beliefs and stick to them, no matter what happens., and without regard for facts.
What the heck did I just read?
Feel like this market limps along. Check out Obama’s little brexit townhall…he was asked about his legacy by someone in audience…he mentioned saving the financial markets from the brink. So clearly he has vested interest in keeping this pig afloat to keep his “legacy” intact. I also think that little meeting he had with Yellen in the not so distant past was a “do whatever you have to do” to not compromise the legacy.
Very plausible.
Not that far away ultimately from my read. The guy in power would want the market held up? Controlled? (laughoutloud)
The meeting was more like Yellen, you need to keep this market up so that we can’t have Trump becoming POTUS and executing both you and me.
Yellen was like YES, SIR! Afterward, a FED official donated the max to Hillary’s campaign.
And if your own choice of candidate for president were in office under exactly the same circumstances, the explanation for exactly the same actions would be something benevolent about what a good and careful job he was doing with the economy and the stock market.
Doesn’t matter to most voters what anyone says or does. Matters WHO the person is, which political tribe they belong to.
Yes I truly want collapse to engulf everything, but it’s not a stubborn unfounded childish pursuit. It is the study of bubbles, greed, human nature. 1929, Jesse Livermore, 2008, 1999, Housing, Tulips. And there is no way, markets are not just being physically held up and in place with lots of air underneath, in standard displacement distortion bubble scenario eventualities. What do you mean change? Why would I change when I know the years 2002 2003 2004 2005 2006 all led up and had characteristics leading up to Lehman? Why would I, Give up?
You on the other hand are tied to political biases that don’t allow you to see the game field and only 1 side of the action. Kinda ironic.
gsofield, see reply to Trumpmeister. Whatever the tribe you don’t belong to does or says, is wrong. Explanations to be created out of thin air speculations, no facts needed.
Tribe matters not. Personally I dont believe the Fed or the President should be involved in markets. I was merely trying to come up with a plausible explanation for the ridiculous moves in this current manipulated market.
Frog,
What tribe does one belong to, who in these days says someone belongs to a tribe? Are you in a tribe, frog? Where are you getting this shit from?
I have my political leanings. But I am not in a tribe, at least not one that requires that you bash the president or presidential candidates of the opposite party 24/7/365. That’s what political tribes seem to require nowadays. You would think that bashing someone different from you was more important to that tribe, than solving the nations problems. And you’d be right.
National problems tend not to get solved when solving problems is not considered an important focus, having been mostly replaced by bashing activities.
Here is an article about how Newt Gingrich “tribalized the political process” in the 1990s, and how it has remained tribalized. It’s about a political scientist from a Right of Center think tank, AEI, who happens to think that it was a mistake to do this.
Warning: This guy the article is reporting on, is not a fan of Trump, so if you can’t stand to read anyone who doesn’t like Trump, then don’t read it.
The political scientist who saw Trump’s rise coming
Norm Ornstein on why the Republican Party was ripe for a takeover, what the media missed, and whether Trump could win the presidency.
http://www.vox.com/2016/5/6/11598838/donald-trump-predictions-norm-ornstein
Thanks for the article. The tribal thing seems like a very elitist thing to say and label an individual whose idea isn’t liked with as, all I was saying. It will be interesting to see just how dirty this race gets. Like billion(s)? spent on negative campaign ads. Redunculous.
Yeah, a lot of things sound elitist, or otherwise bad, if you say them, even though they may be totally true. Most folks only care about what emotion they feel when they hear something– not whether it’s true or not. See– doesn’t that sound elitist to say that? But it’s quite true. There’s lots of research that demonstrates that facts do not interest voters and will not change people’s minds.
Negative campaign ads generally work. That’s why people buy them. They might work this time around for Congressional races. But I can’t see how they would work for the presidential race. Because I think most people already feel like they know who Clinton is and who Trump is. People disagree with one another, but each person already knows what they think. A negative ad is unlikely to change their minds. It might make people who already hate someone hate them more. But it won’t change who they’ll vote for.
Negative ads are not jsut used to change opinions. “{Making) people who already hate someone hate them more” is an effective get-out-the-vote strategy.
Maybe so. I still think this is a clown show of epic proportions.
http://fortune.com/2016/05/06/clinton-super-pac-campaign-ad-trump/