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Jorma

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Everything posted by Jorma

  1. I think you'd be hard pressed the last 20 years to find days with sharp stock selloffs that were not accompanied by fall in Treasury rates. I would guess that now everyone who is selling is looking to get in on the next 50 bagger to 'invest' in.
  2. The bond market isn't buying the BLS number. Well what they are buying and what the BLS is selling is a story about a story.
  3. http://www.capitalstool.com/forums/index.php?/topic/15037-beware-the-barfing-brontosaurus-11421/&do=findComment&comment=950667
  4. I mean last Thursday's clown car of a market is hard to understand without margin calls and a mini liquidity problem being part of it. Today as well.
  5. There must have been a few big bubble stocks that got creamed today right? I don't see why there are not more bear raids on over leveraged hedge funds and traders like Archegos. If you get my drift. I'm guessing or assuming recent action is because of margin calls on specific players.
  6. There is a little story out that Musk can exercise some stock options because some metrics were met. The gross value of the stocks at current levels was said to be $32bn. It seems that Tesla has built about one million cars in total now. That means that for every car Tesla ever sold Musk now has grossed $32,000, in addition to whatever he has gotten previously. It's completely absurd of course. I saw some Musk story the other day with the headline saying 'Musk says it's too late'. I guess he's talking about too late for planet earth or something. I never read such things but I did note that it was too late for Mars a billion or two billion years ago. Why he is so eager to send people there escapes me.
  7. They are going to inflate everything baby. Enough get Elon's disciples to Mars. After that? Got me.
  8. There is a lot of other stuff to buy besides stocks. Somebody paid $3mil for a Lebron rookie card. Have you looked at the ag commodities?
  9. I came across this the other day. Perhaps the greatest newspaper headline in history. I can't find a link to it anymore via Google so I suggest people save it for themselves and posterity.
  10. I'm trying to figure out why the Fed would be borrowing $130bn via coupon issues on Friday when on the other hand they are desperately trying to shrink their balance by paying down bills.
  11. This is a big deal. It would be a bigger deal if it was in the NY Times but that couldn't happen. The Times sets the narrative for the whole of the chattering classes about money and the financial markets and its narrative is more, always more, because that is the home town industry. It's shocking even WaPo would go here because Jerry and the Fed absolutely reject the premise. I mean to suggest that Bezos doesn't deserve to be the world richest man. Why that's heresy. Mark my words this is a tipping point. Day one mind you. Let's see if anyone asks Jerry about it tomorrow. I wouldn't bet the farm on it.
  12. Rut row. The Washington Post just published a story the defies belief. They actually said it. The lede "The Fed helped fuel a stock market boom that benefited wealthy Americans and left behind everyone else" The story is paywalled for me but no need to read it except it breaks the unwritten rule which is never mention this. Here is the link while it lasts. https://www.washingtonpost.com/us-policy/2021/04/26/federal-reserve-interest-rates-inequality/ Jeff Bezos WaPo by the way. The NY TImes would never publish such a thing. How it got into WaPo is a mystery. People never understand that the Times always supports the home town industry which in the case of New York is Wall Street. Trust me this is a big deal. Especially a day before Fed day. Jerry better hope that everyone at the press conference tomorrow sticks to Omertà
  13. OMG! We haven't been this low since last Wednesday.
  14. Impressive display. Oil Treasuries stocks just about anything you can name rising. Good as it gets right here I think. Wish I would have listened to myself two years ago when I said they were going to inflate this mofo no matter what. Thank God it isn't Trump. Anyhow American love asset inflation like life itself. Asset inflation is the American dream. Not all that other stuff. Being against asset inflation in America is like being against gravity.
  15. Except the bag in question is full of US Treasury securities. Not exactly toxic but there is just too much of the stuff to clear the market at this price.
  16. I always liked: Give a man a fish and he eats for a day. Teach a man to fish and he spends half of the rest of his life sitting in a boat drinking beer.
  17. If ever there was an event which would signify the end of an era or even an age then Madoff's death would make for a perfect moment for a long term top. Sadly perfect stories rarely occur in the real world. I suppose we can view today's red bar as just a tiny little sparkler to mark the occasion of his death. Certainly he deserves a high rank among histories greatest conmen.
  18. During the inflation of the 60's and 70's financial assets didn't. They deflated. Bonds of course but stocks too and around 76 stocks valuations vs GDP, or something, was the lowest ever. Now that they have that problem fixed inflation is our friend. Especially for those that own them. Also there is now an active meme in wonky circles that denies that asset inflation can even exist. I doubt they will deny asset deflation exists when the time comes. That could be 2050 however.
  19. In the middle of the night here, EST, there was some headline about inflation numbers in China causing stocks there to fall. The longer the Fed waits to announce NotQE II the more pathetic it's rhetorical position will become.
  20. Everybody knows the Fed is going to be buying Treasuries with both fists. The stock rally ending with a sell the fact moment is possible but then again this could be just the start. As I was saying two years ago they are going to inflate this mofo or die trying. Is the Fed so dumb that it is going to wait till the 10yr heads to 2 and beyond and crushes the PD's? Just to have an excuse for what everyone wants them to do and what they are going to do anyway? That is buy enough Treasury paper to keep rates in a range below here. It's all so unnecessary and so dishonest and to boot in nobodies interest. Well admittedly their words about "inflation" and "the market" will be rendered obvioiusy absurd to a wider swath of the populous. So what. Everybody is in on it. Nonsense spouted in the name of what people want is actually noble. Destined to garner praise not scorn. I sort of came into this world when bond traders had fop sweats over $10bn quarterly fundings or was it $30bn. A trifle now. How quaint. So anyway is anyone really needing a change in underwear here? I don't think so. Everybody knows. I am actually sympathetic to the inflationary cause. It's the means that is the problem. Wherein bankers run the racket and call the tune.
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