The stock market will always go up from now on and the Risk-On superstars will easily double every year for the foreseeable future. Unlike now, in 1999 the Fed had not yet discovered a way to permanently fix the economy. Now it has solved the economy and the stock market is reflecting the Fed's New Paradigm permanent cure. It's different this time.
Benz Boyz have scheduled one of the largest *POMO*s of QE4eva for Friday to prop up quarter-ending window dressing in Goldman City. Another Short Squeeze Bubblerally is imminent.
Make them in China. Sell them mostly in the USA. Transfer the profits to overseas tax havens. "Priceless". GM can't do this (...yet).
Co-owner of the Fed (with JPM and WFC). It just doesn't get any better for Goldman.
Another fleecing from the 'protected' in Goldman City.
the New Paradigm. It doesn't get any better than this. Ignoring options expiration manipulation is the greatest Goldman City 'gift' from its "regulatos".
Good bookrunners; just like JKS bookrunners. Earning their parasitic fees. They learned from MS (FB) and LNKD bookmakers how to gun an offering. Probably "swappin' spit" to create euphoria.
It is not often that a secondary stock offering sends a company’s shares higher, but we are seeing that very phenomenon Friday morning. Chinese solar PV maker JinkoSolar Holding Co. Ltd. (JKS) and stock image company Shutterstock Inc. (SSTK) both priced secondary offerings this morning and shares in both companies have risen sharply.
No doubt they used LNKD bookmakers (good parasites) who actually earn their windfall profits from offerings. We get somebody's brother-in-law's friend (bad parasites), who leak the offering to boot.
But who really cares? Just Print & ZIRP. So what if the middle class and savers are destroyed. They'll get over it, and they really don't count anyway.
It's just as likely that the book-runners are "swappin' spit" to prop the price up today. The LNKD offering is a good recent example, and the FB IPO was the mother of prop jobs by MS. Book runners don't get those staggering fees just to run road show Miss America pageants for their clients.
They will likely make it as they drive every trader who has bought today underwater. Just another day in the Bernanke computerized Video Game.
It just doesn't get any better than this. Bubble On!