Look at these god damned retail stocks. They’re crashing I tell ya, crashing!
But no one really cares anymore. Investors know the risks associated with hiking rates into a weak economy, but are consciously choosing to ignore said risks in order to partake in the grand experiment of a centrally planned global economy. We need slave labor, lots of it, and plenty of open borders.
In spite of the most important part of the U.S. economy getting nailed today, after November’s consumer spending came in must less than expected, the Dow is hardly down. Everything is just meh.
Incidentally, President elect Trump will have his hands full come January 20th, specifically with a central bank whose stated goal is now to hedge against any fiscal stimulus he enacts in office. Janet Yellen just wants to fight inflation. There’s nothing political about it, naturally.
Since election night, the 10yr bond yield has risen from 1.75% to 2.55% on the premise of stronger than expected American GDP under Trump. Pray tell me, how will this occur is the Fed continues to hike rates into a very meek consumer spending environment, one hampered by rising oil prices rigged by OPEC?
You do the math.
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I am very good at math, yet I cannot figure this out.
Correction. I’ve done the math and come up with 69. We’re screwed.
I came up with Wink Martindale,. I must have forgot a decimal point.
You haven’t seen a tight ass consumer, till you’ve lived in Cape Breton. I can tell you if people suddenly decide to stop spending collectively not only will all the names in the list fail but also dentists, shrinks, the liquour stores, every fucking thing can stop. People will freeze all that shit dead. Stubborn Scots blood.
This is racist comment. Next you will be telling us that Jews are smart and West Africans run fast. I am deeply offended.
BTW, Trump is half Scottish if you’re wondering why he does everything on the cheap. Like Ivanka and family flying coach today (photo op?)
Wow, like old Fezzywig, those Put spreads expiring tomorrow are alive again.
It was time for rates to rise some. Yellen wants to keep inflation down, not crash the market. Maybe the market will stand still in 2017, like it did for most of 2016. Trump believes the market is rigged, so he won’t care if it’s not up.
Market wanted to drop NU-MER-OUS times July to Nov 8
The intraday manipulation preventing dips drops was MAS-SIVE
I have the daily finviz charts. Shows how blind that americans are currently
Fly – picked up a free trial of Exodus. The look and the feel of the site is unbelievable – just fantastic. Thank you so much for the many years of putting up with me and providing top shelf content.
Thanks. I put my soul into it.
There was some mention of a 10% import tax, which would cause retailers to pay a bunch of new taxes.
Showtime vindicated
Started saying this just over a week after election
Knew something was a little fishy Nov 9 immediate
“The proof of this market being rigged and not based upon valuations, corporate earnings, discounted cash flows, or anything related to free market capitalism, was the reaction to Trump’s upset victory. The narrative was status quo Hillary was good for markets and Trump’s anti-establishment rhetoric would unnerve the markets. When the Dow futures plummeted by 800 points on election night…”
http://www.zerohedge.com/news/2016-12-22/something-wicked-way-comes
duh. this guy got it.