For young punks who don’t know, once upon a time at the beginning of the 2008 Financial crisis, Cramer went on a “they know nothing” rant — calling for Fed action.
Well, he’s at it again — this time calling for MASSIVE government bailouts and cessation of income tax.
Wut?
Yes indeed.
Either something like this happens or markets will suspend trading until the dust settles, in my opinion.
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What’s absurd about it? This is the times we live in–the Fed has created an environment of over-leverage, over-capitalized industries, and mal-investment. There is no choice but to do another corporate bail-out to save the system.
We can let it burn or apply fiscal policy.
Kramer is right for once: the leadership knows nothing.
More nearly untradeable chop.
did somebody put me in a timemachine? I swear this is re-runs from 2007-2009
The Fed ain’t coming
Didnt this site shout from the rooftops that Clinton shouldn’t be President because she coughed?!?!
No.. it was our country needs a billionaire businessman.
Until a few thousand die in NYC, it’s all fear & panic. I live here, crowded, substantial Chinese population, travel hub, highest mass transit use in the country and no outbreak?
Are we all immune/has prior immunity from old Corona virus. We will learn.
Doc you should have stayed here, virus only attacks pristine communities.
Damn, trailing stops on my AAPL and DIS shorts hit on this morning’s pop…
Interesting to see TLT still in a 10% drawdown from Monday
Stocks – down
bonds – down
commodities – down
gold – down
cryptos – down
D-flation.
Looks like God is neither a fan of the wealth gap or Baby Boomers.
Maybe I’ll start going to Church again…wait..large gathering of people.. handshakes… Maybe God doesn’t like Church either?
Did find somethign up: TVIX is at 389.
Guess I sold early.
Cash is hanging tough…for now.
Oh, utilities also gettign slaughtered, but hey, at least the dividend yield is higher…
Whatever is broken isn’t goign to be fixed by bailouts. We already tried that.
Do you think we go lower? I feel like the bears are pushing their luck here. It’s already surpassed expectations.
On Treasuries
https://www.zerohedge.com/markets/bofas-shocking-warning-treasury-market-no-longer-functioning-normally
Devastation, Mr. Fly. Even bitcoin is in tatters. It would be a tragic comedy if Trump’s bull market was completely dismantled. A tale for old hands to scare new traders.
What if Biden picks Hilary as his VP? Anybody think they’d be foolish enough to make that play?
Market turning, my EDC went from 31 to 34 in a flash.
https://www.zerohedge.com/markets/ny-fed-conduct-1-trillion-repo-over-two-days-stabilize-treasury-financing-market
Wuuuuh, trillion.
the comment section… gawd.
#FreezeRohedge
FIRE AND BRIMSTONES!!
btw some O&G stocks are at 2009 bottom levels…already.
as always… the adam smith apostles turn their coats as soon as they find themselves on the backside of the invisible hand. everybody’s a interventionist socialist statist once you take his bread.
These are the same people that berate welfare recipients begging for a government handout.
I can’t get to the remote fast enough when this guy comes on.