Stocks Upgraded To FULL MUPPET

The axis of evil - Trump, the Fed, and Wall Street - have combined forces to paper over global economic collapse. Because you can fool sheeple all of the time...

"Kostin, it's your job to put a bid under this thing until we get out"

My hypothesis that this low volatility momentum con job is to benefit the IPO market was just confirmed. Following last week's four failed Chinese Tech IPOs, no surprise, today Goldman upgraded the casino to "FULL MUPPET". Price target "Level 11". Coincidentally, their top recommended holding is the Emerging Market fund which happens to be concentrated in Chinese Tech stocks.

Of course we've seen this crisis before, in 2015, AFTER the crash:

"If you believe in infinitely-delayed RepubliCon tax cuts and the tooth fairy, you should double down on Chinese internet tech. We expect this to continue for another year, or blow up in your face like last time. Whichever comes first"

In between the time that institutions step aside and home gamblers go all in, there's a brief delay, which is this time:

Back in the early 2000s, facing a recession and corporate shock doctrine, the Fed lowered interest rates to 1% to encourage everyone to use their homes like ATM machines. Once everyone had tapped their available credit, they raised interest rates 17 times obliterating homeowners. Good times. Post-2008, they tried that again by lowering rates to 0%, however there weren't as many takers this time around. So next they printed batches of money to artificially levitate risk assets incentivizing gamblers to use their retirement savings like casino chips. Thus, generating the trickle down fake wealth effect. Now of course, global central banks are removing the excess liquidity. Which is setting us up for final stage blow-off melt-up:

Good times...

Overnight, BitCasino and the IPO-crazed Hong Kong stock markets both flash crashed, which sent global markets into a melt-up frenzy. Because there's nothing more bullish than a flash crash. It appears that someone took Goldman's 2018 advice early and bought the Emerging Markets fund with both hands, whose top holding just happens to be Chinese internet stock Tencent, which is now late stage parabolic: 

Speaking of dumbfuck ideas, the founder of Interactive Brokers has warned that futures on BitCasino fall in that same category:

Way back in January 2015, the Swiss National Bank removed the peg between the Swiss Franc and the Euro. In the event, they monkey hammered multiple FX brokerages and nearly wiped out FXCM. That was a 30% overnight move. Which as we know is a common event for Bitcasino.

Miners are here for a good time, not a long time...

I don't know if Bitcasino can implode the economy, but removing Fed dopium certainly IS:

"The Fed has tried to reduce its balance sheet six times in the past, with five ending in recession"

Gamblers have a 17% 0% chance of payoff...
Because one thing they should have learned from last time, is that the Fed are a bunch of fucking morons...