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Comments re his calls and publicizing them are very aghast at something likely to create panic vs calm the determined selling he supposedly wanted...
I don't know how he get such a reputation for being smart--
Making money and Understanding economic forces don't axiomatically derive from the same wellspring of intelligence
One could just be from being lucky---or in the right place at the right time...like Bannon w/his Seinfeld deal
Mnuchin has shown before that he loves the limelight and likes to play up his role as Sec of Treasury
Maybe he wanted to be seen as Superman...
Instead he comes across as The Joker...
I think it's a good thing. There are so many irrational investors and just plain ignorant people out there whose only news source is The Daily Show with Trevor Noah. I've heard it multiple times now that "oh I heard this is going to be another 2008" the market tomorrow might not like his comment, but I think it's important for it to be news and more well-known.
I think it's a good thing. ...... I've heard it multiple times now that "oh I heard this is going to be another 2008"........the market tomorrow might not like his comment, but I think it's important for it to be news and more well-known.
So, you believe there is cause for concern, if I'm reading you right. Is that correct?
So, you believe there is cause for concern, if I'm reading you right. Is that correct?
No, what I'm saying is there are a lot of people who don't know much about the stock market etc. They get their news from bad sources. I think many of these people feel like we are in the same position as late 2008. We aren't, so I think it's a GOOD thing Mr. M is making it news that the big banks are still healthy.
Location: Was Midvalley Oregon; Now Eastside Seattle area
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I wonder why he didnt just ask his Comptroller of the Currency, down the hall and around the corner.
Remember bank reforms of 2009, will let banks fail.
WMW. Alfred E Neuman
Futures on my screen show all 3 almost up a percent?
Oh, goody. Sell the rallies. We'll see what happens Wed-Fri - heh, and the first week in Jan. Another person on CNBC last week said there should be some sort of a short-lived rally as the pension funds do their year-end rebalancing. Guess that's why it's called a relief rally. Far as I'm concerned, until we get evidence-based decision making in DC, the future is very murky.
Oh, goody. Sell the rallies. We'll see what happens Wed-Fri - heh, and the first week in Jan. Another person on CNBC last week said there should be some sort of a short-lived rally as the pension funds do their year-end rebalancing because of the selloff. Guess that's why it's called a relief rally. Far as I'm concerned, until we get evidence-based decision making in DC, the future is very murky.
I've been saying as well that I expect a relief rally more than not (soon). Whether it sustains or not is another question. I'd lean more toward not, but I'll see when it happens. I will trade a relief rally most likely. If it pops open and just goes straight up, my trailing stop will most likely get triggered and I'll wait and see.
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