The markets blasted off today on the announcement that central banks will cut overnight lending rates by 50 basis points. We also had some decent data today.
What is unique is the fed will offer liquidity swaps in multiple currencies. The measures are only temporary. Very interesting commentary can be found here from JPM.
Anyone notice momo stocks hardly gained today?
We also did less than a billion share on the NYSE….i know call me a bear.
Any way i thank the clam for giving me all my money back.
Sometimes it is good to be 100% cash. Perhaps we rally up to 1265 -1270 S&P, (200 ma,) and then we will TZA this clam inspired hokus pokus.
DOW UP 473
NASDAQ UP 104
S&P UP 51
Don’t call it your money.
its all my money
Sold nearly all of my TZA during the turkey week rally. FU Teahouse.. Someone pass this message to that fucking momo..
#TIMESTAMP.
Come on, man.
I trust the rally as far as I can throw it, but if the Eurotards and the Clam are really going to print, it’s going to look a little like this.
http://mylittlefacewhen.com/media/f/img/FlutterFUCK-YOUGIF.gif
But this isn’t “printing”. Its so damn comical…. watching the masses repeat what they saw on teebee or some web add as though its interlekchul….
Butbonly congress can “print”, notvthe fed … nobody in Europe can…
Europe can not print unless they change their rules or create some sort of constitution for a stronger union.
There is an outside chance this market finds its way up to 1325 S&P.
This wasn’t a “citigroup memo” moment, panic will ensue once again…
Agreed. The clam and co. created some breathing room for the moment.