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DrStool

Fed Makes Noise Like Bazooka, Shoots Popgun 3/16/200

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The ES hit 2350. I think this is a good short term low. 

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In the short term, we're all dead.

-- Nhoj M. Senyek

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More repo.

Right - that should fix things.

Markets just need a little more love from the U.S. Federal Reserve.

With that and the purchases of crude for the strategic reserve, I think we're at new all time highs by week's end.

Capitalism is the best.

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10 year yield trading 20bp off the AM low. 

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Donkeys on caca-vision today insisting share prices will be higher at year's end.

Donkeys on caca-vision today insisting this isn't like 2008, because it's not a systemic financial crisis.

Check out the move in the Italian bond spreads. I'm sure donkeys are right it can all be contained.

tvc_91101d966db5fb071994e2a870ee6972.png

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These idiots! Of course it is a systemic financial crisis and not only that but also a real life economy horror crisis! So we are fisted, double-decker style!

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52 minutes ago, Jimi said:

More repo.

Right - that should fix things.

Markets just need a little more love from the U.S. Federal Reserve.

With that and the purchases of crude for the strategic reserve, I think we're at new all time highs by week's end.

Capitalism is the best.

The $500bn repos were fake, again. The uptake was small from what I've seen. 

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8 minutes ago, fxfox said:

These idiots! Of course it is a systemic financial crisis and not only that but also a real life economy horror crisis! So we are fisted, double-decker style!

Americans are an optimistic lot so a 90 minute rally convinces them that there is hope.

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A little reminder, that the insurance on FDIC covered CD's only pays the par amount.

If you buy a CD in a secondary market, the premium paid is your loss.

With ZIRP/NIRP it has become (another) huge problem for savers.

Here is an example on some of the premiums being asked.......

CD2.thumb.JPG.cc379fa5cee4acb10712b9e9d7c5135d.JPG

cd3.thumb.JPG.503ea7028b2e2fa9a22ba344e7a696a0.JPG

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25 minutes ago, Jorma said:

The $500bn repos were fake, again. The uptake was small from what I've seen. 

Who's your daddy?

 

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27 minutes ago, Jorma said:

The $500bn repos were fake, again. The uptake was small from what I've seen. 

LEE'S FREE THINKING

The Fed’s New $1.5 Trillion in Repos Is The Wrong Medicine

by Lee Adler •  • 0 Comments

The Fed panicked today. It doesn’t know what to do because, as Jeff Snider pointed out, it has no clue what the disease is.

NO! It’s not the coronavirus, as the Fed claims, and litterally everyone believes. So the Fed’s prescription can’t work.

The Fed announced today that it would attempt to stuff $1.5 trillion in short term loans into Primary Dealer trading accounts over the next 3 weeks. OK, but will there be any takers?”

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SVXY the short volatility ETF has only fallen 38 points this time, to 30. Not like the 500 points it dropped in Dec 2018.  See you can always find a ray of sunshine.

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ES bid/ask size is 1-10 contracts, it is tragicomic. This used to be 200-500 contracts. It is worse for the big contract. How can an institution enter or exit, just think about it. Have you noticed this crash has not produced a climax volume yet. There you have the answer.

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Anyone have nice stocks on roadmap? You know, Like TJ did many years ago.

Im looking for P/B below 1 and PE below 10 with good asset base (like utilities).

Looking at US stocks, like Verisoz - I see that its still didnt drop. Its still in clouds.

Something different than $BUD  

Im talking about long terms buys.

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