The Fed doesn’t give a shit and there’s not much you can do about it. They will continue to pump until you’re paying $20 for a gallon of milk, providing it helps the stock market ramp higher. The moment inflation begins to hurt stocks is when you’ll see the Fed tighten.
To curb this tax, you should be very long stocks. Also, you should be very long cryptos because the dollar isn’t worth the paper it’s printed on. But that’s a rather glib and useless comment, since the dollar in fact can purchase many things and lead to a life filled with wanton hedonism, providing you attain enough of them.
Following the Fed statement to not hike rates the market took the fuck off. Conversely, the morons at Zillow continue to sink down into a grave, after news that these morons used an AI to AUTO BUY homes which led to quarterly losses of $380m and caused them to need to fire 25% of their workforce. In a just world, the CEO would be tried and executed. Alas, he will continue to jog on and invent new innovative ideas to fuck both shareholders and employees.
I am up nearly 3% for the session, looking to get 100% long by the close.
If you enjoy the content at iBankCoin, please follow us on Twitter
Oh man I thought something bad had happened. They’re just not hiking rates. I don’t think anyone expected that yet.
But they’re tapering starting two weeks from now and that is a de facto rate hike because they’ve been suppressing yields.
The Fed will never voluntarily raise rates and kill the bull market, their careers and democrat politics are too woven up in the bubble. But the market is going to force their hand now been killed the PPI / CPI spread.
But you and others are obviously still right about rallying from here. If we were going to break lower we would have done it a few weeks ago.
Russell is rampaging and energy prices swing lower. Up we go!
Looks like CAPE ratios and Price to Sales measures are going to set all time highs before the end. Fitting end for the greatest asset bubble of all time.
Talk much?
The Fed has Often fucked policy in the past. You got a serious fucking bubble insanity to play the game with. A cruel partner.
Pompous assholes in Glasgow in November serves them right.
recall the Swiss Franc haven days, gone now but at the time unbeatable. Crypto does not have the vibe to me.
YAY! MORE MONEY!!
I think the Fed made the right move- yes, transitory- but my opinion is not what matters. The markets appear to want higher. Ride it.
Let’s get something straight. The Fed isn’t going to raise rates… not much anyway. They can’t. They realize that any substantial rate hike will sink the markets and we can’t have that can we?
So, lots of rate hike blather but no bite in that barking dog. How am I playing this? Easing into gold mining stocks because they’re going to double from here. Trust me, I once correctly called a sunrise and it actually happened.