Wednesday, February 3, 2016

Extend and Pretend to the End

Faking it was all they had left...

Speaking out of school, Fed member Bill Dudley just telegraphed to Wall Street that the rate cycle is over:

"Yay, time to buy more stocks"

"Good job everybody"
1 Year:30 year yield ratio with Fed Funds rate:

52 week range of average stock (red) with Fed policy

"Double down bitchez, you're only down 20%"