>>4489725 lb
NFW
that was totally ESF and panic covering by stupid momo short sellers.
Rotation into/out of any sector does not produce panic buying like that.
Reading is a problem around here.
Then it isn't. Had many ask about that.
Pretty clear as the date is on it.
o7
This is what I believe is going on with the FRB and POTUS.
In March 2009 the FRB trotted out the 'green-shoots' narrative and had hussein go out and tell everyone to buy stocks.
here
https://www.businessinsider.com/obama-buying-stocks-potentially-good-deal-march-2009-2017-1
Recall the election of the previous year where noname suspended his campaign because the markets were falling..that was the key to getting hussein elected. Shrub could not speak and we all know that hussein can't without a tele-prompter. So it was fairly easy to get that accomplished.
Fast forward to March 2009 and the entire narrative was 'green-shoots' from the FRB and wall st. Of course it was! They needed it to go 'up'. Add in Paul Krugman, who they gave a nobel prize to, with his bullshit opinion piece that was lockstep with the FRB's agenda.
https://www.nytimes.com/2009/04/17/opinion/17krugman.html
This is the narrative that the FRB and Dopey crafted so that hussein could present it to the american people. Any sane trader just shook their heads as there was not any evidence that anything had changed much less to cause the absolute moon-shot that the markets embarked on.
They rushed in the dodd-frank act and claimed it was going to fix the problems that caused the 2008 crash. It may have started to but imo it was nowhere near what was needed. Re-installing Glass-Steagle was needed, among other things like re-instating the uptick rule for any short positions to be issued, and was not done. What little regulations they did have in it were not 'toothy' enough and a waiver was granted to the big banks regarding captal requirements. In essence it was DOA the moment it was passed.
https://www.thebalance.com/dodd-frank-wall-street-reform-act-3305688
The FRB gave hussein the marching orders to tell everyone to buy stocks. It took some time to convince people but eventually it worked.
An old saying is "Don't fight the FED" as you will lose. Freddy should know all about losing since he consistently has nothing of value….but I digress.
Fast forward to now. Munchkins has the widely publicized call to the big banks on sunday checking on liquidity and reports back to JP at the FRB. I am convinced that JP told POTUS that it was all good so that the narrative is now the same exact thing. POTUS trots out the 'buy stocks' story because that is the FRB playbook.
Imagine what it would have been today or yesterday if POTUS said nothing.
POTUS playing the game here. Taking the narrative that has worked for the FRB for so long and then when it's time all he has to say is "that's what you told me and many other past president's".
Hussein doing this was the only time I can remember a sitting president coming out (he he) so strongly in favor of equity purchases. Well if it worked last time..why not now?
All POTUS needs to do is say " you advised me it was all fine and I did what you asked-that is the job of a cabinet member-why did you not tell me about he rest of it".
POTUS is a businessman FIRST and he knows all too well how leveraged and hypothecated all these institutions are. They all have claims on the same set of assets through re-hypothecation.
I have to believe that deep down POTUS would not touch any of this..even with freddy's money.
POTUS is the MASTER
phonefaggin?