Let this post serve as a succor to all of you bearshitters out there who are getting lit up this morning, as the Dow and Nascrack careen to new highs.
In a BBG interview this morning, former Fed Chief, Alan Greenspan was talking shit. He doesn’t like China, not one bit. In addition to that, he’s super pessimistic about Dodd-Frank and everything else, due to entitlement programs. Apparently, the cold hearted Greenspan isn’t a fan of wanton corruption and waste via welfare programs.
Please recall it was Mr. Greenspan who presided over the fucking housing debacle, which led to the financial crisis–thanks to his insane Fed policy of hiking rates 16 consecutive times.
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Lol yeah the entitlement programs are the problem…
Not a fan of this phuck, but more or less agree with this
OMG there are NO UNKNOWNS, Greenspan can not see the HUGE UGLY BUBBLE that has been created. Sort of Sad. Anyway, Nymph’s Bear Take of this Rally…USD/JPY 113.75 right now…we got the weaker Yen on Abe’s Aid saying screw you G20 we are going to devaluate as needed added with a stronger USD from Construction Number And ISM which was good. Yet that Data leads to a less Dovish Yellen and a BoJ that doesn’t need to be aggressive. Neither are good for the market…so we should fade.
Plus we know that FOMC won’t go all hawkish and Kuroda has no chance of doing much at Mid March Meeting, so selling the rally is the only thing to do. Ciao.
2000ish SPX before full beartard?
http://content.screencast.com/users/toad69/folders/Jing/media/6381a230-f278-4a29-a6eb-8d96ecf0f5f9/2016-03-01_0823.png
You would need Draghi to pull a rabbit out of his Hat to get there. Super Mario has surprised me so many times before, but IMHO with Brexit looming, he would make it a Make or Break Event for his Career. Cuz if he DOES everything and fails (cough cough Neg Rates in Japan)…UK may actually vote to leave??
OMG there are NO UNKNOWNS…… OK….. <:-0)
@anjing lol, yes of course, but Greenspan saying there are so many Unknowns regarding China just drove me crazy.
go play bingo with sumner redstone