Thursday, December 28, 2017

Record Bullishit

What matters is that Wall Street bonus gets paid in full. What doesn't matter is anything else...

Any questions?




The gap between what Wall Street is saying and what they're doing is 2008 levels:




Way back exactly two years ago, the yield curve was flattening, China was slowing, Tech was rolling over, the Fed was obliviously raising rates. Nevertheless, the casino conveniently held up until the end of the year.

Once January rolled around, global risk exploded. Go figure...