You’re all animals — greedy little savages trying to make money. GDP is practically non-existent. World War 3 is just around the bend and you can’t get enough of the market. Pardon the slowness of the site this morning, one of our stories went viral and the faggots from Reddit are bogging down our servers. Hopefully, people will stop reading it soon and the site can get back to normal.
Aside from last night’s tech earnings, the most notable thing this morning is oil — higher by 0.84%. On Jupiter’s Stone, it will trade higher and soon.
Look, the economy grew at just 0.7% last quarter, the slowest pace in three years. The Fed cannot hike into this kind of economy, especially with global tensions and Trump’s stimulus plans on hold.
The euro is higher by 0.37% v the dollar, but bond yields are higher. Meaning, no one thinks the Fed is on hold yet. Everyone seems to think it’s perfectly normal to contract the money supply at a time when the economy sucks.
(ADJUSTS MICROPHONE)
Wrong!
You will find out how much of a mistake that will be — should the Fed continue on this path of ruin.
Nevertheless, there is a strong underpinning in the tape this morning. I’m expecting stocks to start heading higher here — accelerating as the day goes on.
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So are we back to BTFD mode?
Man dat Koolaid must be tasty
i’m gettin lonely here amongst all the gold and teasuries
won’t anybody come over and join me?
betcha will
Buy the dip mode never left – not until this turns into a bear market, then we STD (extra condoms)
We didn’t come all the way back up to the nose bleed seats to not set another $SPX all time high. Patience…..
Let’s see…it’s taken the DOW more than 100 years to get to 10,000…and now, the DOW has doubled since year 2000…
Are people broke?
It’s been reported that most people can’t come up with $500 in cash unless they sell something. Maybe it’s time for a big correction….or a recession is coming. ` o(^_^)o