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
23,445 Blog Posts

When the Government Tit Shuts Off: Solar Decimated

News of SENTOR MANCHIN telling fellow democrats to fuck their own mothers over a new climate spending bill is ravaging the entire welfare solar industry this morning.

Perhaps less people will place those odious looking black panels on their rooftops now, courtesy of in-generous government subsidies. You’re just gonna have to save the planet on your own dime, you son of a bitch.

Aside from that misfortune, the market is real fucking fine this morning, except if you’re really into broad market allocations. If you’re into that sort of shit, the market looks like this for you today.

But if you’re only long Amazon and fellow FANG stocks, you’re feeling great today, a truly fine day at the olddddddddddd permanent bull office.

Inflation has collapsed, according to the University of Michigan, so you have that working for you too.

The Nasdaq is up more than 100 and Fed’s Bullard is very blasé this morning regarding Fed rate hikes, casually suggesting they might do 75 or even 100bps: makes no difference on the margins. See, they’re gonna first defeat Russia, then inflation, in that order. Then we’ll visit mars in a solar powered space craft and after mars we’ll land on the sun and sashay on it, just like we did the moon back in ‘69, using tin foil and a calculator to get there. It’s all so obvious what’s taking place here and the plan has been made, and it’s solid.

Have a nice little gappy gap up to start your morning off.

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2 comments

  1. roguewave

    @ChrisJBakke
    Nancy Pelosi just disclosed a $5M stake in Nvidia.
    Now, she wants to invest $50B in a “chips plus” bill.
    I’m sure there is absolutely zero correlation here.

    probably nothing
    repeat the line

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