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
23,419 Blog Posts

Futures Sink, Bunds Plummet, Stupidity is On the Rise

Let’s do some 4th grade logic this morning, boys and girls. If the consumer is in the shitter, as suggested by early reports from SHW, MAS, AAPL and CMG, then don’t you think the holiday shopping season could be at risk. As such, 4th qt GDP might miss expectations? I was just listening to CNBC’s Liesman literally ramble on about fucking soybean prices and how it might affect our GDP. You know what pal? Fuck yourself.

The chances of a Fed hike in December is now 72%, which is down from yesterday. Who cares, really? Once Black Friday comes in as a disaster, the Fed will bend to the caprices of Wall Street. Nevertheless, bonds are getting slammed this morning — due to a litany of people who believe in higher America rates.

German Bunds are higher by 6bps to .09%. Fucking high yield!

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Stocks are pointing to a lower open, most likely due to Apple. Truth is, investors are frozen solid until after this clownish nightmare of an election passes.

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4 comments

  1. the_swatter

    since QE2 anything above kindergarten logic will get you in trouble..

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  2. roundwego

    Douche bank has been too quite. Market is technicaly vulnerable. Time to bring the hammer down and fear to grow.

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  3. stockslueth

    The Fed is full of bad market timers.

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  4. skulduggery

    Austria? Well then, let’s put another shrimp on the Barbie!
    https://www.youtube.com/watch?v=2hOLm_k6eCs

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