I’m not surprised to learn that the Fed inadvertently leaked information to small amount of people yesterday, effectively helping them participate in the ‘grande finale.’ If the Fed is all beginning and the end of markets, the reason behind new all time highs, why do you assume they would play such a game fairly?
All of the small-mad-cappers are screaming today. The OTB guy is in full force today, playing the ponies, procuring enough money to upgrade to a 1989 oldsmobile.
Just know, it doesn’t get much better than this.
The tax paying citizenry, which is a very small part of the US economy, shouldn’t have an issues paying their tax bills this year.
Thanks to Ben.
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The new anthem for Bitcoin: “Ring of Fire” by Johnny Cash.
zebra pelt roof liner in the 86 cutlass –
the market sold off towards the close yesterday, so all morning people were ranting about the fed leaking the minutes so that those who received them early could sell/short before today. But, those who sold/shortd yesterday would have to wait for the market to hear the minutes before reaping the benefits.
Now that the market is up 20 handles, people are clamoring that those who received the minutes bought?
Give me a fucking break.
Also, recent studies have shown that something well below 40% and closer to 20% of middle/low class are rewarded by stock market gains. So Ben is really only helping those upper/uber rich citizenry pay their tax bills.
Is this news?
I don’t see any mentioning of low/middle income citizens reaping the rewards of this rally, per se.
None the less, this is one of those relatively rare times that the average joe can throw money at stupid stocks, via their bogus scottrade accounts, and make money (for the time being). Hell, I’m running a relatively low beta portfolio, without leverage, and am still up more than 2% today. It’s tough to disagree with a statement like “it just get much better than this.”
Cool quote error, self.
I need to get into politics real soon.
regards,
Chuck bennett
I’ll vote for you chuck!
$SPXS
A taste of reality
http://www.usdebtclock.org/
Fly, I’ve seen you mention the 100 dollar roll in regards to trading equities approaching par, but how do you feel about the same trade on a USD.JPY spread?
Perhaps that’s an absurd question in that the Yen is 99% likely to keep going down vs USD…
Here’s proof that we do in fact trust our government to make choices for us.
http://cnsnews.com/blog/gregory-gwyn-williams-jr/fbi-conducting-32-gun-purchase-background-checks-minute-under-obama
I have to believe the number would be less than half that if the general population had any measure of trust in this administration.