Powell Flapping His Gums Today (Again) at Noon, ET

Scataphagos said:
With markets down a bit, should be prepared for his "uber-dove speak" jawboning. (Do we ever run out of adjectives for, "even more dovish than the last time"?)

1. Suggest being careful with your shorts....

2. Consider being more aggressive about buying for short-term pop

3. Careful on monitoring "follow through" to rally today. Last time he flapped (presented to Congress... one day House, next day Senate), market rallied on both of those days... but the next day sellers hit the bids. Maybe same again this time.

FWIW...
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Thanks for these Flapping Gums alerts. I'd missed this one today.
 
Scataphagos said:
Powell has basically said, "we can't afford the risk of doing that".... so the only choice is "inflation and currency debasement into oblivion... almost everybody gets bankrupted!".

Bottom Line... The Fed doesn't want to take the blame for the mess they created!!

(I keep hoping they/Fed will wise up and put a stop to all of this carnage, but I'm not holding my breath.)

:(
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seems like, if the market is going to correct anyway, and everyone knows inflation is here, why not raise rates for a bit. Its probably the right time. Companies wont be seeing any real re- opening growth till much later in the year anyway. I would raise until Oct. Then dovish again at that point.
 
Scataphagos said:
Powell has basically said, "we can't afford the risk of doing that".... so the only choice is "inflation and currency debasement into oblivion... almost everybody gets bankrupted!".

Bottom Line... The Fed doesn't want to take the blame for the mess they created!!

(I keep hoping they/Fed will wise up and put a stop to all of this carnage, but I'm not holding my breath.)

:(
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I have said for years that the fed will be the one next to collapse this market. They have repeatedly printed money and have been carelessly propping and artificially producing a unicorn economy. They say don't fight the fed. I believe that phrase will come to an end one day......
 
Can't believe no matter how he promises not to increase the rate, ppl still sold off the market. What do you want the man to do??
 
JSOP said:
Can't believe no matter how he promises not to increase the rate, ppl still sold off the market. What do you want the man to do??
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Apparently in this go it had partly to do with the "SLR" for banks, which expires at the end of the month.
 
I think Mr. Gums has Allen Greenspan's disease (the need to be the center of attention. I'm the maestro of the financial world. My words are pearls of wisdom that could take the markets up and down at will. I think Yellen and Bernanke were better FED chairs (they didn't crave for attention or illusion of power and vanity).
 
HeSaidSheSaid said:
I think Mr. Gums has Allen Greenspan's disease (the need to be the center of attention. I'm the maestro of the financial world. My words are pearls of wisdom that could take the markets up and down at will. I think Yellen and Bernanke were better FED chairs (they didn't crave for attention or illusion of power and vanity).
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Yeah. All three of these were real "winners".

Requirements for being Fed Chairman:

1) Print a fuckton of money
2) Keep rates pinned artificially low when possible to inflate asset bubbles
3) Bow to the financial markets every time they throw a temper tantrum
4) Print a fuckton more money
 
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