The same corrupt scum who did everything to eliminate Obamacare, fully succeeded in eliminating investor protections.
March:
The judgment that has been rendered is biblical in scale. The real cost will be measured in carbon units.
December 21st, 2018:
The Dow just logged its biggest single point gain in history, as the casino-operator-in-chief implored the faithful to double down on 1987-style waterfall crash in real-time. Which begs the question, whose noose is tighter?
"I think it’s a tremendous opportunity to buy. Really a great opportunity to buy."
"Last chance to buy"
Today was the most lopsided buying panic in five years:
Somehow the Idiocracy STILL hasn't figured out that borrowed tax cuts for the ultra-wealthy do not create broad based prosperity. Sadly, there is no such thing as "free money". This will be their last lesson.
Way back in 1987 a late cycle Republican tax cut caused gamblers to go into a speculative frenzy driving the casino into melt-up mode. The sugar high surge of fiscal stimulus forced the Fed to accelerate monetary tightening. When the bubble burst, computerized hedging programs known as "portfolio insurance" did the opposite of hedging by accelerating the decline.
Bueller?
"Roughly 85% of all trading is on autopilot—controlled by machines, models, or passive investing formulas, creating an unprecedented trading herd that moves in unison and is blazingly fast. That market has grown up during the long bull run, and hasn’t until now been seriously tested by a prolonged downturn."
Computers have taken over 85% of the trading and 100% of the thinking. All of the like-minded criminals on Wall Street are on the same side of the boat.
After all, it's not their money.
"But we're running out of fools to con"
"Tell bigger lies"
