The economy is tanking, which is good, because that means the Federal government will do something, and then we’ll all be rich!
Tell me I’m missing something here.
Can I hedge by buying shares in Captain Morgans?
It’s the classic saying, buy the rumor, sell the news. Only in reverse.
Ivy League???? Iggy? the Obamanation?
B. Hussien, oh yeah he’s in all the yearbooks.
Good one Cap’n!
Right on Cappy! They eagerly look to the fed in the hopes they will stimulate. Because it has worked sooo well thus far!
Part of it is the conversion of stock prices to the US dollar index. The lower the dollar index goes, the more US stocks are worth in relative terms. So, if stock X goes up 10% while the USD falls 5% or 7% … the stock price really hasn’t gone up that much via the US dollar index. Since so many big players play internationally where their holdings constantly flow between different currencies, it’s a sort of rebalancing dance. There is a lot of sense to it when you consider that funds can flow from a US stock into a non-USD stock or other financial instrument seamlessly via computer.
Yeah, like that guy said.
I cannot believe that the people in the most powerful positions in the world can be so out to lunch.
OK, that was rhetorical. Of course, people can become mesmorised by their position and think themselves more powerful and capable than they truly are
Yep captain, buy the news and I shorted the market. Eyeee captain, I’ll call ya when my ship comes in eh 🙂
With thought processes like this the US is doomed for this decade at least. Canada should actively seek out new trading partners as American food stamps have little value as motivators of an economic recovery!!
Never, Ever, lose faith in the power of Pixie Dust.
It not only creates all the energy we need, but also the money and love.
Maybe the market is pricing in the coming gridlock. It can’t get as bad as barry hoped to make it.
Peter O’Donnell asks: “Can I hedge by buying shares in Captain Morgans? ”
As long as you don’t drink them
I wouldn’t short the market until a few days before the US election. This market is juiced by the Fed buying up the Treasuries latent output in exchange for the primary dealers dumping the money into the market (namely the S&P and Dow, AAPL and NFLX can’t seem to carry the Nasdaq all by themselves).
I think Tiny Timmmy G and Uncle Benny B should be in prison for pumping stocks to get Dems back into the House/Senate, but they’ll probably end up saying their PhD and the banks made them do it.
On a lighter note, Signor Taleb is going populist on us
Can’t you just wait for the derivatives bubble to burst 😉
On a numerical basis the Dow had I think it’s best september in a very long time. Adjusted for currency, not so much but still in an upward direction. The real estate market in many regions seems to have come off the (very – epically – deep) bottom as well. That the dems are about to have their a$$es handed to them november second is unquestionably a contributing factor.
As for the dismal jobs report – the only person I heard hinting that that was going to happen was Hugh Hewitt a guy with very deep sources in Washington. Every one else was expecting the opposite – especially this close to the election. It is very bad news for the dems. (and therefore very good news for mankind)
…the harder they fall.
Just watch the decline when third and fourth quarter economic and earnings data come out.
Pixie dust only works when you’re thinking happy thoughts.
Get out of the equity markets now.
You’ve been warned.
JeeYeeon Park is an idiot. I don’t believe his trite comment has any connection with reality.
It’s always bugged me that financial news people have to come up with a one-sentence explanation for why the market did what it did each day. Reality is a lot more complicated than that.
The MSM are destroying themselves..They are after all Turd Merchants
When Companies have to cut back Manpower to the bone, first middle management, and then re-org & dumping complete divisions to make bottom line.. It is reasonable to expect some order of efficiency in the scaled down Business units.
What is not obvious is the loss of capacity, agility to capitalize from aggressive advertising
Hoist a few for me, too.
How is the Fed supposed to spur economic growth?
Is there such a thing as a negative interest rate?/
Pour yourself a martini and enjoy the decline.
Posted by Captain Capitalism at 10:26 AM
One decline I wouldn’t mind to hide.
Oz, it’ll be through “unconventional methods”.
The economy is tanking, which is good, because that means the Federal government will do something, and then we’ll all be rich!
Tell me I’m missing something here.
Can I hedge by buying shares in Captain Morgans?
It’s the classic saying, buy the rumor, sell the news. Only in reverse.
Ivy League???? Iggy? the Obamanation?
B. Hussien, oh yeah he’s in all the yearbooks.
Good one Cap’n!
Right on Cappy! They eagerly look to the fed in the hopes they will stimulate. Because it has worked sooo well thus far!
Part of it is the conversion of stock prices to the US dollar index. The lower the dollar index goes, the more US stocks are worth in relative terms. So, if stock X goes up 10% while the USD falls 5% or 7% … the stock price really hasn’t gone up that much via the US dollar index. Since so many big players play internationally where their holdings constantly flow between different currencies, it’s a sort of rebalancing dance. There is a lot of sense to it when you consider that funds can flow from a US stock into a non-USD stock or other financial instrument seamlessly via computer.
Yeah, like that guy said.
I cannot believe that the people in the most powerful positions in the world can be so out to lunch.
OK, that was rhetorical. Of course, people can become mesmorised by their position and think themselves more powerful and capable than they truly are
Yep captain, buy the news and I shorted the market. Eyeee captain, I’ll call ya when my ship comes in eh 🙂
With thought processes like this the US is doomed for this decade at least. Canada should actively seek out new trading partners as American food stamps have little value as motivators of an economic recovery!!
Never, Ever, lose faith in the power of Pixie Dust.
It not only creates all the energy we need, but also the money and love.
Maybe the market is pricing in the coming gridlock. It can’t get as bad as barry hoped to make it.
Peter O’Donnell asks: “Can I hedge by buying shares in Captain Morgans? ”
As long as you don’t drink them
I wouldn’t short the market until a few days before the US election. This market is juiced by the Fed buying up the Treasuries latent output in exchange for the primary dealers dumping the money into the market (namely the S&P and Dow, AAPL and NFLX can’t seem to carry the Nasdaq all by themselves).
I think Tiny Timmmy G and Uncle Benny B should be in prison for pumping stocks to get Dems back into the House/Senate, but they’ll probably end up saying their PhD and the banks made them do it.
On a lighter note, Signor Taleb is going populist on us
Can’t you just wait for the derivatives bubble to burst 😉
On a numerical basis the Dow had I think it’s best september in a very long time. Adjusted for currency, not so much but still in an upward direction. The real estate market in many regions seems to have come off the (very – epically – deep) bottom as well. That the dems are about to have their a$$es handed to them november second is unquestionably a contributing factor.
As for the dismal jobs report – the only person I heard hinting that that was going to happen was Hugh Hewitt a guy with very deep sources in Washington. Every one else was expecting the opposite – especially this close to the election. It is very bad news for the dems. (and therefore very good news for mankind)
…the harder they fall.
Just watch the decline when third and fourth quarter economic and earnings data come out.
Pixie dust only works when you’re thinking happy thoughts.
Get out of the equity markets now.
You’ve been warned.
JeeYeeon Park is an idiot. I don’t believe his trite comment has any connection with reality.
It’s always bugged me that financial news people have to come up with a one-sentence explanation for why the market did what it did each day. Reality is a lot more complicated than that.
The MSM are destroying themselves..They are after all Turd Merchants
When Companies have to cut back Manpower to the bone, first middle management, and then re-org & dumping complete divisions to make bottom line.. It is reasonable to expect some order of efficiency in the scaled down Business units.
What is not obvious is the loss of capacity, agility to capitalize from aggressive advertising