As if the lack of bidders isnt enough now the head of merchant services is threatening to restrict sellers if they dont "comply" with the new defect rules... this is an easy short... they just don't get it less sellers mean less sales.
This relief rally off the 200 day is out of steam just about and what happened to all that news that sent it down there in Jan in the first place? did it go away? ahh no. Dow hasnt eclipsed its old high until it does that we will revisit 200 day.
Part time workers, food stamp usage at all time highs( but maybe thats the way BO likes it), labor participation all time lows.. yep economy is great! thats why the 10yr is going through the roof too right?
“It is much easier to believe lies than the truth."
"Why?" asked Janna.
"Because lies are manufactured to satisfy the emotions. A mother would rather believe her pretty girl lazy than accept the fact that she's a dumb cluck. Germans would rather believe they were stabbed in the back than that they lost a fair fight. And anyone would rather blame someone else for his misfortunes. The truth is hard. Don't fool with it unless you realize that.”
― Hilda van Stockum, The Borrowed House
Who is left to buy the market really? everybody is "all in" now if earnings keep getting ratcheted down.. uh then what?
I can remember years ago buying in the market and wondering why does the market keep going down all the time economy is good market should up.. but not how it works.. i really dont think int rates are going up for a while actually this is no booming economy by any means and if Putin starts pokin BO in the chest then things gonna get real interesting..