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So why should the Fed clean up after idiots who can't evaluate risk? What is the point of helping idiots who can't evaluate a risk that will blow up their company? Get real these "solvent Banks" as you state were not solvent since these instruments were worthless on a mark-to-market basis.

I remember in the 1990s I used to own a lot of the chip equipment companies before they were all bought by LRCX & AMAT, the key ratio for evaluating chip stocks was the book-to-bill ratio and it was very cyclical. I guess now chips are in everything even fridges & lightbulbs. Semiconductors are...

According to Mr. Wonderful (from Shark Tank) Facebook is irreplaceable for its geoadvertising ability. I don't think that even Google does that. I've personally never received any local business ad from Google. I think ultimately they still can't compete with the TikTok phenomenon, even YouTube...

If these LDI schemes blow up at 4.7% Gilts won't they have to go back to QE to prevent rates going back above that level and trigger the CLO collapse? The real question is why were they using 7:1 leverage in the first place.

Then why do anything at all? After they exit the intervention the short sellers will be back to attack the Gilts & Pound again, won't they?

Alfred Nobel and family were just grifters and the epitome of yellow journalism just like the Hearst family and their SF rags (Chronicle & Examiner). In fact there was a movie about William Randolph Hearst -- Citizen Kane which was originally called Citizen Hearst before the family went after...

So it was all predicated on a lower than expected JOLTs number. And the ADP number squashed the optimism. I wonder what the reversal on Wednesday morning was about. Interesting that the NFP came in below expectations but the market puked anyway. I assume the 5% wage increase and lower...

How did so many people buy into a 2 day 6% rally on no news. Was is it just hopium? What were they banking on to change this trend? It was a strange move.

On r/WSB they look to daily fade Cramer's picks from his Mad Money show. I remember in January there was a member who made a killing fading Cramer's buy recommendation on Netflix when it was near its high.

My home state (CA) is giving out inflation checks of up to $1050 per household. I'm sure that will reduce fuel prices here. These people are so stupid. The governor here is a real imbecile.

You should just short 1 MNQ contract -- its only $22K notional.

Not much volatility today. It was pretty much straight down after the 0845CST flush down. Maybe it will come back some in the last 105 minutes.

When will these governments start prosecuting these scumbags? I still remember the Lehman CFO on Squawk Box CNBC the weekend before it collapsed and she claimed financing was no problem and that the market was under trance of the short sellers. Not one of these officers was prosecuted for lying...

Usually these are only good daytrades or fading the suckers who buy on the news. I heard rumours that Biden may try to reclassify Marijuana so it is legal. Most likely it'll get shot down by GOP. The funniest graph is Tilray -- the stock that went from $300 in 2018 to $2.45 in March 2020. I see...

The last 2 days have been interesting. Indices holding in there even with Euro & Pound going down especially today. First time in a long time I have seen the USDollar rise a lot and the indices barely lower (currently (0935 PDT) GBP -1.65% NQ -0.21%).

Why does the BOE & Exchequer admitting they don't know what they are doing mean the Pound should rally? Its a mystery to me. 6X leveraged pension funds? Why are those even around? When will these idiots admit the country is bankrupt and can't pay out these crazy pensions?

World War is coming so it depends on where you are. Most likely it will be in the Europe theatre as it always is so buying land/real estate in the middle of a warzone is worthless. Ask Ukrainians how much their land is worth after 7 months of war. The safest is still US Dollar & Gold. As long...

I used to live in Queens in the mid-1970s and I remember the NY Mets traded for a "star" First baseman by the name of Willie Montanez. He hit below .180 for like 4 months and was released soon after that. I remember the Mets Announcer Ralph Kiner talking about the Mario Mendoza line. Of course...

I believe this is the second time he's flipped his call about the market. Back in July/August he said the bottom was in and its straight up from here. Then a few weeks ago he said he was sure S&P was going to 3300. The best person who comes on usually when the markets tank is Dan Niles who runs...

A rally based on the reversal of the Pound and front running the Fed rate decision feels like another bear rally. Powell seems like he is done bowing to the pumpers on Wall Street and wants to crush inflation whatever it takes.