A. Cashin, chief iced cube marinator, doesn’t believe the Fed will hike rates either. Are you seeing a pattern here?
Furthermore, he cites emerging markets as something of a chief concern to investors here in ‘senior’ markets. The sell off is due to investors’ displeasure with the current Fed head speeches, all point towards a live meeting in June.
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Just end these cocksuckers reign over the market already. Let the market determine interest rates.
Hahahaha
No, no, no. Market is happy with the Fed but nevertheless the sell. Just in case. LOL
Oil prices go down they say the deflation is transitory, oil prices go up they say raise rates to curtail the roaring inflation.
Go long Kleenex if he (Yellen) raises.. there will be tears
Lotta good stuff here so let’s jump right in.
Stocks trading at the bottom of recent channels. People buying hardcore into the retail is dead everything is fucked meme. Fed just proved it’s still relevant and can affect the markets to their delight. This does much to negate the “Central Banks’ Impotence” meme. If the Fed can cause stocks to sell off, surely they also still have the ability to cause massive surges. Also inflation oil and whatever.
On balance this means we explode higher tomorrow and possibly next week.
Of course, once they raise rates in July we’re absolutely going to hell again. But there is so much time in between.
Up tomorrow, but I think your underestiamting Brexit + Grrece Debt Crisis (Part V of the epic miniseries)