iBankCoin
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.
Joined Nov 10, 2007
19,704 Blog Posts

Dow and Spy Close at Record Highs — RATE CUTS WHEN!?

The Dow is at 27 fucking thousand. I remember being in a boiler room in the late 90s when it broke 7,000 and we were all jerking off to it and slapping each other in the faces for it — smiling and dialing for dollars. Back in 2009, when the world was ending, the down hit 6,400 and we were, once again, laughing and spitting out the window onto the plebs below.

Now we’re all grown up and the market is 20 thousand fucking points higher. Everyone is rich, yet yields are still super fucking low and the Fed is gonna cut rates.

Here is my next point.

There is zero relationship between interest rates and inflation. As a matter of fact, there is zero relationship between employment and inflation. As a matter of fact, there isn’t any inflation…EVER.

That being said, you can go enjoy yourselves now. Find solace in knowing lots of $15 per hr jobs are out there for you and the jeans on your ass cost the same now than in the 1980’s.

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3 comments

  1. omfgitsjd

    Bitcarnage in play again, right after the bell.

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  2. ericbakerbruce

    Jeans are worn by lumberjacks…and the Levi IPO sucked

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  3. omfgitsjd

    I lived in the Rockies once. So, I’ve worn hiking boots, Levis, suspenders, and flannel shirt, and I was OK. Finding a tick however, was not OK.

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