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
22,270 Blog Posts

FOMC CIRCLE JERK

It was the most hawkish Fed meeting since Volker and markets loved it. Markets loved it because the people in the markets are retarded and cannot be trusted. I traded in and out of upside and downside ETFs, doubled up on my commodity trades and now find myself just about FLAT for the session. I have yet to determine which direction the market will close and more importantly — what is coming tomorrow.

ALL LOGIC points to incredibly lower stock prices from here. Powell doesn’t give a fuck about stocks and quite frankly wants it lower. The reaction to stocks is telling, and foreboding. It’s basically on par with a decadent society of soft brained fucking idiots. But I’m not mad, really.

POWELL WANTS TO HURT YOU and slow the economy. This is not a reason to buy bonds, stocks, and jerk off to sharply higher rates.

But here we are.

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