La, La, La.

Ok, so the obviously the most important thing this afternoon is that the Fed still sees one more hike in 2017. "Connect the dots, la, la, la"...   Here's Goldman's quick summary, although if you were following along in real-time, you don't need it: The median dots in the Summary of Economic Projections continued to show a third rate hike this year and 3 hikes in 2018; however, the median dot declined for 2019 an

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7 thoughts on “La, La, La.

    1. don’t feel bad Mr. A
      some of us started filling shorts in october of 16.
      granted, a little at a time.
      i filled a little more on this tuesday and then after the–hmm–gumb flapping BULL SH!@#$!.
      the time will come–the evidence is clear.
      i don’t think anyone knows within 6 months or even a year.
      better to be early than late and being able to hold your position.
      if you take a look at october 16 before the election and draw a straight line on your shart to today. that will put things in perspective.
      that whole upside is bulllllshi^%$^. and down below–nothing until 1800/1850 spx. then add vol of vol to the down side.
      it is just a question of when.
      good luck all.
      sb

  1. Look a rigged market is a complacent one, many people go to bed and sleep like a “trader on heroin” because that’s what they are. They read and are told how wonderful everything is and the “algo’s” do their work and “wa la la la”. Until there is no more room to move or some idiot or two starts a major war and “wa la la la”.

  2. My new theory is that we are inflating the rest of the world and not the U.S. by printing U.S. dollars because we forgot to remember that we are a global economy. So, all that wealth created is leading to inflation in EM economies. So, the lie that oil production is being reduced to keep competitive prices steady, is truly that production is being controlled to ease inflationary pressures that are driving the prices up. Inflation is always seen at the resource level first (think oil, food, metals, raw materials). What are we seeing with copper, grains, and other raw materials lately? Forget gold, it’s market manipulated. Look at all the other indicators. Some are flying high. Inflation is coming and you should be ready. Forget bear / bull, prepare for inflation.

NEWSROOM crewneck & prints