RIP Stock Market

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monkeymania's picture

I prefer Rossini

 

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monkeymania's picture

PS- heard some rumblings about a 2008-style banking industry tailspin from a few know-it-alls this week. They seem to have their ideas about it worked out fairly well. Could be like every other horseshit theory but of course you never know. 2008 hit like a freight train at 3AM. I hope that doesn't happen, that's for sure. Heard any word?

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Pantysoaker's picture
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I bought the dip on PayPal and Draft Kings and the futures are looking high :)

 

2008 wont happen again because the Fed Reserve has agreed to buy up all the BS bonds this time and banks hold much less MBS's now than 2008. Powell said hes comfortable holding up to 7 trillion in bank debt.

 

If home loans do start to mass default short Wells Fargo and BofA cuz they hold the most MBS. Im staying out of REITS and BANKS cuz of all the dark debt going on

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monkeymania's picture

The key thing being said is that the Federal Reserve is pushing the end of their ability to just print their way through things. They are reaching their limit. The big bet is that the "Rocket ship" will take care of everything. It will hopefully. If it doesn't, hold on to your hats.

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Pantysoaker's picture
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The fed just needs to print long long enough to let China undervalue their currency until yen is worthless. The US is supporting Hong Kong and telling mainland China to fuck off. The fed will choke China out finacially until they sign a deal favorible for the US, the US production can outpace the debt.

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monkeymania's picture

There ya go!

 

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Pantysoaker's picture
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elon musk will use his dragon spacex capsule to catapult Tesla to 1100 a share :O

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trooper_trent's picture

Why is it a different song than in the movie?

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monkeymania's picture

No. I'm just partial to Rossini since the Rabbit of Seville Looney Tune days.

 

 

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Champ's picture

Reeaally makes ya think

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