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.
Good day unruly mob of self-indulgent
middle class hooligans
16
I just named the
number of Jack Daniels shots
that Jim Cramer needs
to get through the day
The biggest problem is low rates and accomodative central bank policy has created so much leverage and malinvestment–that any little slowdown in growth or shock can have an unforeseen systematic impact. Therein lies the problem and that’s why we’re seeing circuit-breakers triggered. This is not about coronavirus, it’s about a global economic system artificially-inflated over the last decade to the point that it is utterly fragile.
In other words, it’s not COVID (aka Wuhan bat soup virus) it’s grifter Trump gang fucking tricked casino statist interventionist policy. under tea party watch at that.
Well, I’ve been sitting on 85% cash and 15% stocks for the last 12 years. This sell-off feels good, but I’m nowhere near close to feeling vindicated. Would love another 40% drop from here.
If only the Fed Reserve and the Fed Government had some dry powder–we could see an appropriate fiscal/central bank response to what should be a steep, but short-term shock. If only….
Good day unruly mob of self-indulgent
middle class hooligans
16
I just named the
number of Jack Daniels shots
that Jim Cramer needs
to get through the day
Do we have any beta male millennial readers? Just curious how that POS Robinhood is holding up?
Not very well, apparently
https://www.zerohedge.com/markets/we-are-experiencing-issues-trading-robinhood-down-again
The biggest problem is low rates and accomodative central bank policy has created so much leverage and malinvestment–that any little slowdown in growth or shock can have an unforeseen systematic impact. Therein lies the problem and that’s why we’re seeing circuit-breakers triggered. This is not about coronavirus, it’s about a global economic system artificially-inflated over the last decade to the point that it is utterly fragile.
Yup, COVID-19 is just a trigger, the proverbial straw that broke the camel’s back.
In other words, it’s not COVID (aka Wuhan bat soup virus) it’s grifter Trump gang fucking tricked casino statist interventionist policy. under tea party watch at that.
but i hear biden is senile, right?
TVIX at 2fucking50
Well, I’ve been sitting on 85% cash and 15% stocks for the last 12 years. This sell-off feels good, but I’m nowhere near close to feeling vindicated. Would love another 40% drop from here.
da fuck. really? like 12 years waiting for the apocalypse for some schadenfreude?
That’s why so many are rooting this on.
lol pretty much. I’ve done decent though investing in real estate, precious metals, and CDs. You sleep better, that’s for sure.
Halted to give Mnuchin time to phone banks.
If only the Fed Reserve and the Fed Government had some dry powder–we could see an appropriate fiscal/central bank response to what should be a steep, but short-term shock. If only….