Shit needs to go to zero. This is a societal requirement.SNAP -40%
Yowza
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Shit needs to go to zero. This is a societal requirement.SNAP -40%
Yowza
On this we shall disagree. The Fed has been worthless. Contrary to many beliefs, those fucks on the Fed arent stupid. They know they screwed the pooch on inflation and they still refuse to do what needs done. This is willful. How are you enjoying this "transitory" "soft landing"?Ackman is publicly massively short. He wants to scaremonger (again) the markets into his favor. I find it nonsense he is claiming "the market is doing the Fed's job" by selling off. It is all a part of the tightening cycle. If he thinks the markets are selling now because of inflation and NOT because the Fed are putting the brakes on, he is kidding no one. We had massive inflation for the last year and a half.. why didn't the markets puke then? Oh yea, accommodative Fed. What has changed now? Fed taking the punch bowl away at the party.
If the Fed came out tomorrow and does what Ackman claims: " How does this downward market spiral end? It ends when the Fed puts a line in the sand on inflation and says it will do ‘whatever it takes.’" .. I guarantee the market would continue the plummet even more violently.
Dude makes no sense here.
The fact that Ackman is a douche doesn't mean the Fed isn't fucking this up.
Its Wall Street. Water is wet.In no way am I defending the Fed. They are miles behind the curve. I am merely pointing out Ackman's flawed logic that mysteriously benefits his bet against the markets.
Margin stats. The bleed in margin accounts is real. The free credit in margin accounts has not increased as margin debt has decreased so I'm guessing that most of those 50 billions from margin debt was vaporized in liquidations since the new year.
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Margin Statistics
Pursuant to FINRA Rule 4521, FINRA member firms carrying margin accounts for customers are required to submit the following customer information: the total of all debit balances in securities margin accounts; and, the total of all free credit balances in all cash accounts and all securities...www.finra.org
The way the current market is they will either crush earnings but some Fed president will say "raise rates by 200 basis points" and the market will drag NVDA down or they will make/miss earnings but lower guidance and the stock will drop 25%.NVDA reporting today.
There's a chance they put up some good numbers with the recent fall in card prices and most sites were out of stock immediately for a select few cards but that isn't any something i want to bet my money on.
A lot of money can be made or lost but I've learned that it's just not worth it.
Market is also closed on Monday.
What, again? Fucking Janet.Fed minutes. JPow said fuck your puts.