Outlook darkens for Wall Street as Biden's regulators take shape
- Thread starter ajacobson
- Start date
CDO was Greenspan's baby (Collateralized Debt Obligations)
CLO is Jerome's new time bomb (Collateralized Loan Obligations). JC Penney's loans were packaged under in one of these $1 trillion CLO obligation. These were solid grading loans. but who would have thought JC Penney filed for bankruptcy?... when sh!t hit the fans, chance are we'd run into the Lehman Brothers, Bear Sterns CDO situation again?
CLO is Jerome's new time bomb (Collateralized Loan Obligations). JC Penney's loans were packaged under in one of these $1 trillion CLO obligation. These were solid grading loans. but who would have thought JC Penney filed for bankruptcy?... when sh!t hit the fans, chance are we'd run into the Lehman Brothers, Bear Sterns CDO situation again?
Just as an FYI, the President doesn't "run the country" here in the United States, we're not a dictatorship much as ya'll wanted that happen. The legislature is a co-equal branch of the government and in fact the constitution requires all revenue bills to originate in the House ( I, Section 7, Clause 1, highly recommend reading that whole Constitution thing, very enlightening). So of course Nancy Pelosi as Speaker of the House will have a significant say in any tax bills that come out. It's constitutionally mandated, not some Rasputin plot for women to own the incels!
More rainbows and blue skies this morning. Nasdaq on its 9898799 day of straight gains....
All the shorts are exiting their positions. They were expecting Trump to start a war with China. Biden = no war. Shorts are nowhere to be seen... Hint hint. Market setting up for a big correction. In 4 years times, u will all thank Trump. He will b known as the Pres that drove stocks to historical highs (despite the Covid virus that tried to sabotage "his" market). This Biden, he will b known as the Pres that made u think stocks will climb, but does the opposite after he's inaugurated!
BTW: Here's my bet. Once all the Biden euphoria is over in a few days, SP500 will crash NOT to 3500 but 2700.
BTW: Here's my bet. Once all the Biden euphoria is over in a few days, SP500 will crash NOT to 3500 but 2700.
I'll take that bet. How about $500 to the charity of the other's choice; I get to choose, you donate if the SP500 is over 2700 in a few days (let's go with 10 trading days just to be generous, Feb 3rd close) and you get to choose and I pay if its over 2700?
