So what are you looking at ? Cos everything Im looking at is going to shit.
You may know this, but I cant tell with your style of cryptic sarcasm, when the exchange servers process option expiries , the opening times are shifted back 4 mins or so. Same for the close of the post auction. Poor old CPUs get a bit overworked.
Back in Q4 2018 the market threw a tanty and had a correction when the Fed tried to raise rates past 3% or so. But after a 20% correction., The Fed capitulated early 2019, pivoted and cut, and the market was off to the races again. Whats the bet the bulls think its "off to the races" yet again after Oct 22?
But we've had the fastes hiking program in history, and now Powell is still refusing to pivot and cut rates. Slowly, ever so slowly, the BBB are going to learn that fairy tales often do not come true.
View attachment 5605913But lets stop and pause a moment to reflect on Powell's economy, ie world's greatest economy.
Look at downtown LA here, we have people sleeping all over footpaths, even one poor unfortunate got crowded out and set up their sleeping arrangements on the roadway.( @ 2:19)
Rubbish all over the place, with people sleeping amongst it. Prostitutes almost totally naked running around residential areas in broad daylight, and dont even have the courtesy to remain on the street corner, they are all over the road impeding traffic and causing distraction. And checking their phones all day long. (seeing how the equity portfolio is going?
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I spent a few weeks in Morocco (3rd rate country) and I never say anything this disgraceful. I would wager the Amazonian pygmies , or the Kalahari bushmen , would look at this video and remark what an abject failure American culture is. But never mind, we have the Magnificent 7 keeping things afloat. And Bidenomics.
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(20min delay)