Back to www.cobrasmarketview.com |
Mr. Al, super odd, we are not post 50% drop in markets ala 10 years ago when these PR phone calls were occurring and cramer on tv screaming, we are near all time highs - what in the world are they worried about, was that even a 3% correction? if ship goes down, trump going to take everyone with him, his business track record.Al_Dente wrote:As The Dow dropped 800 points, the 4th largest point drop in history, Bloomberg reports that Trump held a conference call with three of Wall Street’s top executives - JPMorgan Chase & Co.’s Jamie Dimon, Bank of America Corp.’s Brian Moynihan and Citigroup Inc.’s Michael Corbat.
ELSEWHERE, TODAY:
According to the Spectator, in unprecedented action, chair Powell has banned any public appearances by any Fed Board member, noting that "appearances at conferences have been canceled, all scheduled interviews have been abandoned and any comments on or off the record are outlawed."
… the unprecedented gag order, which the Spectator says is due to Powell's determination not to do or allow to be said anything that could further fuel the struggle between an independent Fed and a controlling president….
Long story short, according to trump: trump is responsible for any rally; Powell is responsible for any drop.
Moynihan, speaking in a Bloomberg Television interview on Friday, said the turmoil has been driven by issues outside the U.S., and that recession risks are low. “We have nothing to fear about a recession right now except for the fear of recession,” Moynihan said.brokebybernacke2 wrote:Mr. Al, super odd, we are not post 50% drop in markets ala 10 years ago when these PR phone calls were occurring and cramer on tv screaming, we are near all time highs - what in the world are they worried about, was that even a 3% correction? if ship goes down, trump going to take everyone with him, his business track record.
He was talking to the banks. It's a bank issue, thus.Al_Dente wrote:Moynihan, speaking in a Bloomberg Television interview on Friday, said the turmoil has been driven by issues outside the U.S., and that recession risks are low. “We have nothing to fear about a recession right now except for the fear of recession,” Moynihan said.brokebybernacke2 wrote:Mr. Al, super odd, we are not post 50% drop in markets ala 10 years ago when these PR phone calls were occurring and cramer on tv screaming, we are near all time highs - what in the world are they worried about, was that even a 3% correction? if ship goes down, trump going to take everyone with him, his business track record.
Spokespeople for the other bums declined to comment [because they value all that transparency stuff], as did the Treasury Department.
Looks like a nice place to visit ... as long as you don't go outside.Al_Dente wrote:HAPPY HOUR