Year to date, or the past 30 days of trade, the U.S. stock market has shed $2 trillion in market cap–due to this egregious global rout. At the same time, Janet Yellen has been of the mindset that the economy was too strong and required higher interest rates, in order to fend off rapid inflation.
She is the Don Quixote of central bankers, furiously steaming towards a legion of windmills with the intent to slew them where they stand.
It’s a helpless endeavor, trying to figure out what’s driving her to madness.
However, I do know a few things about markets and human emotion. We need to stick this landing. Everything has gone wrong in 2016, but gold and treasuries. We haven’t had a long enough rally to enjoy a purchase through settlement date.
That needs to end right now.
We must comport ourselves with the equanimity of “The Dude”, drink a few dozen white russians, then take this market higher…man.
Bonds are selling off. Stocks are bouncing off the lows. Let’s see if we can get something starting during the final hour of trade.
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2016 is a year that all my indicators and global equities start to match up. We all knew that Bulls would throw good money trying to defend SPX 1820. Regarding Oil Talk, Best twit I saw..Ashraf Laidi @alaidi….#OPEC ministers have just been told by Blackrock to talk up oil if they don’t want their SWF holdings to burn #forex #SPX
tweet not twit, I love Ashraf Laidi
GET OFF THE ARK!
lack of sellers does not equal buyers
not even batman can save you
bluestar
maybe
Rally on an unsubstantiated OPEC rumor from UAE? Seems legit.
Not so much that the rumour is horseshit, which it is. UAE has said this exact same thing before, I believe. More that these sorts of rumours and chatterings are becoming more commonplace, which means discord among OPEC. Or in other words, the Saudis are gaining more enemies.
I truly, truly hope that Putin bombs a Saudi Aramco facility. I very much hope that.
Please let me know if any new shit comes to light.
Back to the Ark!
Ladies and gentlemen
Unless the Middle East wants an other Arab Spring , they better cut that production.
If the banks fall, everyone falls.
Unless this is the beginning of the one world currency. 😉
Regards
Chuck Bennett
Good to see you here, Chuck.
I don’t think the Powers That Be want another Arab Spring, so I imagine they should get something together there shortly.
Then maybe we’ll start having “rallies” where the S&P is down less than 1%. Or eventually maybe it will even go up for a day.
well it’s only thursday but okay, put my down for a couple of fangs and a small cap biotech or two. /s
Well, that’s our rally. Down less than 2% on the day is the new rallying.
Wakes up
Looks at S&P
Not 1600 yet?
Goes back to sleep
Market rally will be fueled by the blood of doom & gloom curmudgeons…. and nymph juice. Just watch…
only chart that matters
stop ignoring reality
http://finviz.com/quote.ashx?t=jnk&ty=c&ta=1&p=d
lol, only the super coke of ECB, BoJ and PBoC can help this mess.
Nice. OPEC ministers now stepping up as CBs cant do a thing.
Yes, dragun, here we have a rare situation where OPEC is more powerful than the Fed. Don’t tell anyone, but there are occasionally situations that the Fed can not control.
RHS – best etf ever made. Should have bought this months ago .It would take ww3 + another 911 + oil going to $4 for this to drop maybe 2% while the rest of the market goes limit lockdown. It’ so good they don’t even have options on it and it trades 30,000 shares a day. Most ppl don;t know about it
Time for the CIA, etc. to start destroying oil en masse…