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
18,724 Blog Posts

PRESSURE CONTINUES TO MOUNT ON FED TO HALT RATE HIKES; TOM LEE IS A GOD DAMNED CLOWN

I bet Tom Lee was never mentioned in a headline with the Fed. Consider this a bucket list item for him.

First on Clown Lee.

Now on the Fed.

This from Cramer now.

“If the Fed moves in December, you’ll wish you sold at these prices,” Cramer said on “Squawk Box.” “There’s nothing good here.”

Agreed? I do. Bad opens like this sometimes cause a capitulation bottom. But words cannot express how important it is for Goldman Sachs, errr, the market, that the Fed halt hiking rates.

If the Fed hikes in December, markets die. Trump gets kicked into manhole. If Fed pauses, TLT shoots higher. Actually, I think the market will lift TLT regardless. The point I am trying to make is the days of the dot plot are soon coming to an end. Bonds are cheap and my $TMF is gonna lift today.

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10 comments

  1. numbersgame

    That was one heck of an open. My trading account is up 0.21% through that mess

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  2. roundwego

    Oil i’s the only panic. Vix us more lively but no capitulation.

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  3. heckler

    If BTC only hits $15,000 I’m going to have to seriously revise my NYE plans

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  4. bronze28

    still do not understand how we are so low and corporate balance sheets strongest in history yet market cries over small rate hikes. How did we survive the 80’s/90’s/ etc when rates were 10% or higher??

    Moreover, given that the December rate hike is a given and expected by the market, why would it collapse if the rate hike goes into effect??

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    • oilerua

      low ? do you see where we’re coming from ( 2008> today + last mega speculative trendup machine-driven bubble ? )

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    • numbersgame

      Stocks don’t peak when things start to get worse; they peak when things stop getting better.

      Also look at 3-month performance: AAPL, AMZN, FB, and GOOG are 4 of the largest stocks by market cap, and they are down 15-20%. I’m going to say that those 4 stocks represent about 10-12% of the S&P 500, if I remember correctly.

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      • oilerua

        perfect bubblepeak time : democratic stopping some laws into house / mueller trump show / change of $lobbies and sectors / long breakdown into it and into next presidency . It is obvious that trading changed and we’re in the last phase of the beginning : of the downturn . there’s some nice faaaaaaaaaaar support to go check while banks yet sold quietly the tops

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    • bronze28

      when I say so low, I am referring to interest rates. I think there might have been a mis-understanding.

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  5. oilerua

    what’s important to consider here is that if they’re using this gap down > to sell the lasts top remais into this gap cover , next there will be a much lower and far lower landing point

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  6. numbersgame

    Are they using this gap down to sell?
    AMZN, GOOG,FB, NFLX all up for the day

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