Shrug....Seems like that to me. I know nothing, but everone seems to beleive that payments due will he paid on time. There is no limit to the amount of money availale. Maybe this political wrangling will be the new normal and the world now has no choice but to adapt and not panic. I cant wait to see the damage control implemented after the kick the can agreement. Any damage to the real economy will have to be manipulated and rationalized for some time to come. Maybe gold sub 1000 is more likely than a bad GDP, NFP or really low inflation print. The bullshit numbers will be amazing. Did anyone put new people on to work this month?
Anyone see the Zerohedge snip that UK home prices have reached an ALL time high? Wtf? Having a chance to sell into that in the US would be a rare treat.
Fed can't taper (which was never a real threat anyway) and the CTRL-P legacy of Ben Bernanke will live on. In infamy, probably.
You can't short for even 1 day. You can't even buy the rumor and sell the news anymore. You have to buy the rumor and buy again on the news. Google, Chipotle, and all the momo stocks all up HUGE pct........... if you short, you basically feel like throwing up at the end of the day. Negative news from IBM and GS do nothing Basically good news gets magnified by a factor of 10x and bad news by a factor of 0.01x So bad news means nothing. Yellen makes Bernanke look like Volker This is going to get even crazier than 1999 And with the huge mass of unemployed people that have ipads.... They will trade bubble stocks like TWTR from their ipads. and make fortunes. it'll show up in the front page of nytimes and more of them will join in. You'll read success stories of homeless people that live in mansions after trading hot IPOs from their iWatch. Then, when 3D print manufacturing and self driving electric cars hit the "new economy", it's gonna blow up the market... make zimbabwe's stock market look like an anthill
Shorting stocks is the way to the poorhouse in this market. Nasdaq is about to go vertical above its upper channel line, imo. You ain't seen nothing yet!
Jobs Report: Expect 200,000 Print As Unemployment Falls To 7.2% On Tuesday http://www.forbes.com/sites/afontev...rint-as-unemployment-falls-to-7-2-on-tuesday/ ----Barclays estimates the economy added 200,000 jobs in September, with the unemployment rate falling one-tenth of a percentage point to 7.2%.--- at least canadians have balls to say it: http://business.financialpost.com/2...ls-to-5-year-low-as-youth-give-up-job-search/ ----The unemployment rate, meanwhile, declined to 6.9% in September â the lowest level since December 2008 â from 7.1% in August. The decline came as 21,400 workers aged 15 to 24 stopped looking for employment.--- not allowed to happens in US.