I'm sure they will all run out and buy health insurance for $2000/month with their unemployment checks, right? After all, it's the law now. Wall Street needs your premium dollars to keep the casino afloat.
Wait until they crash in to each other and cause another major disaster. They are using single hull tankers to store oil because there is no where left to store oil!
Everyone please pile in to the theater! When you hear the door slam shut it will be to late. The 1% will be outside with matchbooks and gasoline cans.
More good news! Well, they can go work at Starbucks, right? As far as unemployment statistics go it's a was even though you make 75% less money. They might as well apply for food stamps now because they will never get another jo in this country that paid as much as they made working for MSFT.
Had anyone else done the same thing they would be prosecuted for treason!
Let's face it, central banks are stuck in this Ponzi they created. There is no way they can raise rates! Bonds instantly lose face value, stocks will have to be sold and borrowing costs go up for everyone, especially governments who will have to take money away from other programs to pay interest on ever increasing debt. They have painted themselves in to a corner. There is only one logical reason why they would raise rates, to create a sell off in markets and a recession to influence the US election. There is nothing like chaos, it is how they installed Obama in the White House. No one gets elected to anything, it is who they decide. They try to pretend the markets are real while behind the scenes it is 100% manipulated, they do the same thing with elections. Make it look legitimate when in fact your vote is meaningless because they own and control the electorate! The objective is to steer you away from what is taking place and market turmoil is exactly how they will do it.
And what happens when he is wrong? Any consequences? In my world when I'm wrong it costs me money and in some professions it costs lives. People like him are no better than fortune tellers who will tell you whatever you want to hear.
The only data they watch is every tick in stock indexes. Care to ask why Yahoo suddenly removed the top 10 holding for SPY and QQQ? Central banks are buying index ETF's to levitate all the underlying stocks which is the reverse of how it is supposed to work. These ETF's are supposed to track. It is one huge scam and there will be hell to pay. As soon as a stock or sector collapses, by some miracle it has no effect on the index ETF? They are manipulating indexes by constantly removing anything that is down and plugging in something that is up. You now have a market driven by only a few stocks that supposedly represents an entire index or basket of 30, 100 or 500 stocks, complete BS!
I will say again, every manipulation ends badly because one day sellers will come looking for their money and it isn't there!
1% or so from all time highs with nothing but lousy earnings and news and you think you should be buying here? Anyone not selling deserves to lose it all! This market is rigged, they are cashing you out at top dollar! Take the money while you can. People don't sell at the top because they are greedy and stupid but they are all to willing to sell 10% or 20% lower out of fear.
BABA has accounting issues(FRAUD), Citi pays $425 million in fines for LIBOR rigging(FRAUD). No one will go to jail though so markets soar. See, crime does pay.
If you think this market isn't going to crash in June/July especially in this election year, you are crazy. They are just putting meat on the bone before the coming/planned crash. This is a short sellers dream, all time highs, VIX at lows and a market with nothing but air under it!
There is no buying, you need money for that. This is repricing by central banks and yes, MARKETS ARE RIGGED!
Anyone who thinks that the Fed has any clue as to what they are doing or any real insight in to the economy, employment, shadow banking or leverage taken on by offshore hedge funds and banks is dreaming. They were clueless in 2007 and even more so now. They are forced to intervene in markets daily, they are just putting out fires as they pop up but soon everything will blow up in their faces. Yellen is holding aces and eights. The fact is they are liars, not to be trusted. They are not data dependent, they are stock index dependent! Imagine the hole they will create in capital reserves when they raise rates, trillions of near zero yielding bonds being held out there. How about their own balance sheet?
The short and sweet of it is that they are winging it. This is why some Fed head has to speak daily. They sound confused and conflicted because they are!
I suppose day trading and margin rules don't apply to these HF traders, eh? Just to the rest of us but they can trade 1000x their actual cash, right? No wonder they blow up in just one day. I'm sure the SEC is looking in to it and the Fed is regulating them, right?