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
18,723 Blog Posts

WALL STREET’S HATRED FOR FED CHAIR POWELL INTENSIFIES; MARKETS ARE CRASHING NOW

Powell the lawyer was unimpressive during yesterday’s testimony. Stocks sold off hard and the people should know why equities are tumbling. It isn’t because President Trump is threatening to knock out Joe Biden or because he’s defending US industry thru fair tariffs on a very evil China. No, all of that would be fake news.

Markets are cascading lower, a culmination of bad feelings and an acrimonious appetite for a candid hatred against our new Fed Chairman, Jerome Powell.

What a stupid fucking name that is, after all — Jerome. Never trust a man with a name like that, especially if he’s an attorney.

Everything is lower, except REITs and Utes, naturally. There is a special outcome for the greatest sectors lying in wake, preparing to ambush overzealous dip buyers, so be careful out there. I wouldn’t want to see anything happen to you.

Chinese stocks are also bearing a horrible brunt, with dozens down sharply, enduring Trump as we endure them.

Bonds are instigating higher, as the insinuation of Powell’s failure spreads across Wall Street. Under Yellen, we cheered her shortcomings and even cared for her well being. But not with Powell. No one likes him, especially since he doesn’t know anything about economics — being a lawyer and all.

As for me, I still have hope and, for now, am holding onto dear life.

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13 comments

  1. sarcrilege

    First of all, Jerome was the protégé of Pope Damasus I, who died in December of 384. Also, Jerome was known for his teachings on Christian moral life, especially to those living in cosmopolitan centers such as Rome.
    Second, it’s not Jerome’s fault. He’s just the goy fall guy put their by owners of the FED to take the brunt of the hatred that should rightfully be directed at the counterfeiting (((criminals))) lurking, slithering and corrupting nations from behind the scenes like poisonous snakes.

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    • dmfracer

      This may be the first time that I’ve agreed with one-third of something that you’ve said

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      • duuude

        Heh heh heh

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      • sarcrilege

        So while you agree with the part that “… the brunt of the hatred that should rightfully be directed at the counterfeiting (((criminals))) lurking, slithering and corrupting nations from behind the scenes like poisonous snakes.”
        you’re of the opinion that St.Jerome was not a good Christian and current market turmoil is all Powell’s fault?

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  2. og

    And here I thought Facebook had bottomed.

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  3. mushroomz

    Mr Volatility has a huge dick and doesn’t care about a few hundred NASDAQS

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  4. acehood

    Oversold!!

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  5. Cricket

    Falling faster than a Clinton down the stairs.

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  6. oilerua

    dj 22500 circa, but more downside sure is in the cards

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