I’ll summarize my trading day thus far and then offer some opinions on what the fuck is happening.
“OMG — I have to cover my shorts — this market is going to suck Powell’s dick.”
“Hey now, this doesn’t look too good. Let me hedge.”
“Oh shit it’s happening — the market is gonna bust the fuck loose — let’s get some cool growth stocks and relax.”
“HOLY SHIT — what’s happening. Sell sell sell. Let’s short this motherfucker into the ground.”
Net net, I am down 25bps and now with some shorts to make myself feeeeeeeeel better. Apparently Powell at Jackson’s Hole is giving the market the old hucklebuck, shoeing all of the bulls in their asses.
US 10yr is +5bps, the Nasdaq is lower by 35, oil is up and the US 3m is now yielding 5.5%.
So let’s make this simple for even you fucking retards to understand what is going on.
Do you have an account at Treasury Direct yet? If not, what’s stopping you? You can take your cash and get 5.5% for 3mo bills. Why keep your money in your bank yielding less when you can get more risk free?
Do you understand this behavioral choice — simple yes?
CHARLES FUCKING SCHWAB IS GOING TO GOD DAMNED ZERO.
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Take Schwab to zero and get these assholes out of Wyoming! Don’t want them or anybody else around these parts, actually take Jackson too.