Newsflash while the tech bubble is running: Most major indices still peaked on June 8th, a month ago. Hey, it may mean nothing as yet another stimulus package is just around the […]
So, we have a new Presidential Pearl of Dumbness.
Yesterday, opening our thread here in the wee hours of the morning, I wrote:
Sure enough, yesterday afternoon, there was this: JPMorgan says Biden Presidency could actually boost the market LOeffingL
https://markets.businessinsider.com/n…
Virtue-signaling texts from your $100 million yacht no longer impress, they enrage.For the past five decades, celebrities and other wealthy folks have sought conventional status signifiers / symbols: a couple hundred thousand acres of ranchland, a…
We now have second month in a row of rising PMIs readings, but the indices are still below 50 line
Jay Powell’s 2018 case for his economic “boom”, the one which was presumably behind his hawkish aggression, rested largely upon the unemployment rate alone. A curiously thin roster for a period of purported economic acceleration, one of the few sets joining that particular headline statistic in its optimism resides in the lower tiers of all […]
At this stage market are basically just a liquidity meth lab, an artificial behemoth constructed and subsidized by the Fed stepping in on any downside in markets. Following $3 trillion in liquidity injections […]
In the nime of Jaysus (Powell)! Praise the Load! Burn thine disco inferno. Burn baby burn!
The market is discounting a Biden landslide. Remember two weeks ago. The papers said that the market was selling off because of Biden’s growing lead in the…
Fed QE: $12.801B CouponPurchase 2020-07-06
Given the extremes of the stock market’s frauds and even greater extremes of wealth/income inequality it has created, tell me again why the stock market will still exist in 2024?When I read a financial pundit predicting a bull market in stocks through …