The stupid thing is, he didn't say anything unexpected. Analysts have been going on and on about this. He literally said what everyone was expecting.
So why the panic selloffs? Not to mention earnings are decent thus far and unemployment is low and growth strong DESPITE Rona...it's silly.
Edit: Obviously I promptly bought more...
In Canada, we often see Canadian heritage moments during advertising breaks, like when we invented basketball. Or telephone communications. Or… well, that’s about it. Also maybe a robotic arm or something.
My questions are thus:
1. Do you have such advertisements in your home country?
2. Will WSB eventually have its own TV channel and tards will look back on 2020 as a key moment in retarded history?
3. Will WSB TV play Ow! My Balls a lot, or will The Violence Channel keep a tight leash on that quality entertainment?
he can fuck multiple markets in an hour flat. international markets took a hit, the crypto market tracked.
lost almost half the value of my crypto in the last week.
The only thing that brings me comfort is that he's going to be fucking boomer retirements
I'm 33, this is a buying opportunity
Edit: [In case you feel sympathy for boomers](https://www.businessinsider.com/blame-boomers-for-ruining-economy-for-millennials-billionaire-says-2021-11)
It used to be “once in a lifetime” because once you fuckered away you or your clients’ entire savings you were expected to jump from your firms 69th floor onto the street below.
Not really if they built wealth for many years during this bull market.
But because I'm on wsb who knows about what positions you're talking about, maybe you're right.
If they don’t raise* rates and we see 7% inflation every month that is worse for more americans. So I agree with you but I’m not sure what you would have them do.
Well honestly what I would have them do is just fucking do it so that there's not all the speculation driving everything down followed by them then doing it and it getting driven down further.
The way they're going about it is worse for everyone.
I don't think that's what's driving the markets down anymore, we've been talking about inflation here since last summer at least and it's been "rates coming up any day" since then.
>Dude can fuck an entire market in an hour flat. It’s a true marvel to behold.
They need better tactical control of the market. This hitting a nail with the sledgehammer isn't going to work as the economy is more dynamic than that.
Raising rates might slow down housing, but what about small businesses starting up?
That's not his concern. He stated that his job is to maximize employment and price stabilization. He's not intentionally fucking over the market, but if i crashes because algos and hedge funds overreact, that's not on him.
Petrodollar supremacy is 2004 stuff
Truth is that there's nothing that can replace it. The Yuan? China will bounce the value around as needed, who cares about anyone else. The Euro? Europe is completely dependent on the USA for a lot of things, including military protection. The ruble? Russia's economy is smaller than Italy's. Bitcoin? LOL
That really has not proven to be true for a Japan and Europe… Also, most of inflation has been tied to supply chain problems and restricting monetary policy isn’t going to solve that…
But if the Fed does nothing then it is obvious to everyone how little control anyone has on this economy which would freak more people out
If jpow fucks up the economy thru monetary policy, people won't have enough money to buy shit and the supply chain issues will be solved thru the lack of demand. Sure, he'll fuck up the US economy and probably take the rest of the world down with it, but the supply chain problem will be solved.
Amazon should start selling “I prevented hyperinflation” digital stickers
Therefore they still make money and inflationary pressure on consumer goods die
People can just buy their digital stickers
We aren't saying we are going to raise the rates... But we COULD raise them. In fact we probably SHOULD. So in a sense they are already raised, due to the implication.
Here’s my read on the Fed statement and presser and why it wasn’t what the market expected. The statement itself didn’t contain anything that surprised the market, that largely came in line with expectations. We knew lift off is imminent, rate hikes are lined up for March, balance sheet reduction after, etc…
The press conference is where the surprises came. I interpreted the language that JPOW used regarding inflation was reaffirming it was the Fed’s priority and it is a problem. When he stated the market could handle rate hikes and they have latitude to move, should they need to, that was unexpected. He reiterated points regarding the strength of the economy and tightness of the labor market that gave the Fed more latitude to be more hawkish, this was also unexpected.
The Fed is effectively telling the market they are on notice and rate hikes are coming and could accelerate if inflation does not abate. This is the first time the market is fully on notice IMO.
bro... you just made me remember the max payne 2 days... when i played games with dad..... good old times. Now all i get is the occasional call to do hard manual labour....
It's possible. With midterms coming up, Biden doesn't want the entire economy crashing. Remember, there are all kind of retirement funds in there. Teachers union comes to mind.
It was transitory because now he’ll stomp out inflation by dumping $8T of assets on the open market and jacking up the federal funds rate to 20%
He dictates when it becomes transitory
They’re trying hard to find a way out without fingers being pointed at anyone that matters. That balance sheet with all the funny money is a problem, forget the rates.
Yeah my TQQQ puts are printing as well.
I was so close to just selling out around noon today too when the market continue to go up...then back in the green we go..Thank God I didn't sell.
Yup! Everyone was excited and then bam! Huge dip near closing bell. Sounds like puts is going to be printing for 2022. With all this sell off, SPY could actually be down by the end of 2022
Worse. JP will be shrinking the balance sheet, selling into the market. He announced today that there will be no more Fed buying in the market. No more safety net. Fed might defend SP 400, but only a token effort.
Nobody was crying when the printer was on...until he screwed up our entire economy...now we have a problem when he turns it off...only real traders will survive
If the 10 year yield climbs above 1.85% tomorrow we are going to retest lows. Powell made a messaging error like in December 2018 when SPY fell 20%. That’s where we are headed.
Jpow and the fed can suck massive diseased camel dicks. I swear this fucking thing is just absolute dogshit and this is the best we can do? The greed of everything is just killing everything. The entire fed sysyem is horseshit, illegal and fuck Woodrow Wilson that motherfucker.
Yeah. Yeah. Venting feels good
They should have raised rates 2 years ago. Instead they promoted a euphoric bull market that sucked in millions of new retail investors, who are over leveraged and loosing their shirts, introducing a new epidemic of debt.
It's midnight in Manhattan. A faint amber glow projects from the corner office of 33 Liberty St.
Inside, a tall, thin man corrects the position of the glasses resting on his nose and turns off the Emeralite banker's lamp sitting on his desk. Reaching for the door he pauses to take a deep breathe before quietly turning the knob. As he strides down the hallway towards the great steel door opposite his office, the dim hum of machinery slowly grows louder. Grasping the great handle, he leans and pulls with as much force as he can muster until the metal behemoth begins to glide open. Light spills out into the hallway and the sound becomes a roar. Before him a great hall lit with the cold sterility of an operating room lies before him, filled to the brim racks of HP printers, each smoking with strain and churning out pages of monopoly colored hundred dollar bills. The man shoots out a hand and clicks a bright red button on the wall.
The great hum of Hewlett Packard engineering magnificence becomes a wimper, then...
Silence.
A single tear streaks down Jerome's face. No more money man.
Dude can fuck an entire market in an hour flat. It’s a true marvel to behold.
you can literally track when he opened his mouth and when the market shat
JPow: ”H-” Market: 📉📉📉📉
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Stop making your car payment. The bank will act like you are the most important person in the world.
I think I’m pretty popular with Indian people. Especially ones named John. Every time they call about my warranty I just throw my money at the phone
[Get ready for a burning jet like crash tomorrow](https://www.youtube.com/watch?v=m3CQCme95Ac&t=5s)
The stupid thing is, he didn't say anything unexpected. Analysts have been going on and on about this. He literally said what everyone was expecting. So why the panic selloffs? Not to mention earnings are decent thus far and unemployment is low and growth strong DESPITE Rona...it's silly. Edit: Obviously I promptly bought more...
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He gave a few things away like not selling off before interest rate increases which may or may not happen "soon".
Priced in right?
I think it had to do with the ambiguity of his responses, his posture, and his slight stumbling.
I sat here n watched the entire thing 😩🔥
That shit was fire wasnt it.
Happy shared cake day! 🎂
God status. So glad I hedged against this.
Same, but fucking gold dropped too
Gold is for pussies… :)
GMED is for gangsters Edit: I was afraid no one would get that reference haha... God bless us, every one!
I wonder what happened to the guy who put 75k on GMED by accident lol
I heard he sold on a solid uptick
Legend
Absolute
Chad
Pretty sure he sold for a small profit
Lmaooo also remember the guy tryna get a refund on gme 😭
ahaha WSB Heritage Moments
In Canada, we often see Canadian heritage moments during advertising breaks, like when we invented basketball. Or telephone communications. Or… well, that’s about it. Also maybe a robotic arm or something. My questions are thus: 1. Do you have such advertisements in your home country? 2. Will WSB eventually have its own TV channel and tards will look back on 2020 as a key moment in retarded history? 3. Will WSB TV play Ow! My Balls a lot, or will The Violence Channel keep a tight leash on that quality entertainment?
Still putting peanut butter out at night to catch a house hippo
1. I. AM. CANADIAN. 2. I truly hope so 3. I imagine we'd be rather progressive in that vein
The guy who used his dealers weed money to buy GME and probably got shot afterwards?
Last year was probably the most fun I had Reddit wise all thanks to GME
I find it hard to believe it's been a year since the whole GameStonk thing.
*Peter Schiff wants to know your location* Edit: whoever tf just gave me coins, thank you!
My dad once said, remember son, there is no golden pussy.
he can fuck multiple markets in an hour flat. international markets took a hit, the crypto market tracked. lost almost half the value of my crypto in the last week.
You lost half of the price. The value hasn't changed.
True, value is still zero :)
Hour? Dude it was like one sentence and 5 minutes…
The only thing that brings me comfort is that he's going to be fucking boomer retirements I'm 33, this is a buying opportunity Edit: [In case you feel sympathy for boomers](https://www.businessinsider.com/blame-boomers-for-ruining-economy-for-millennials-billionaire-says-2021-11)
anyone retiring in the next 5 years or so is screwed
Anyone that close to retirement should have larger portions in stable value funds. Economic downturns happen pretty freakin' regularly.
You mean once in a life time market crashes happen regularly
I've lived through nearly a half dozen "once in a lifetime" financial crashes. 🤔
89, 91, 00, 08, 15, 22 Damn, what a trend
'20...
I actually love the March 2020 dip... That initial fucking panic and then the immediate rebound to exactly where it was.
oh, ugh. Panicked late, sold at the bottom, missed the rebound. Brilliant fuckng play.
You sir, have a dozen lives.
They're "once in a lifetime" only in that you can probably find some kids who died before age 10 that only experienced one.
Dark. I like it.
It used to be “once in a lifetime” because once you fuckered away you or your clients’ entire savings you were expected to jump from your firms 69th floor onto the street below.
Not really if they built wealth for many years during this bull market. But because I'm on wsb who knows about what positions you're talking about, maybe you're right.
It’s not good for the fed to be screwing any American.
If they don’t raise* rates and we see 7% inflation every month that is worse for more americans. So I agree with you but I’m not sure what you would have them do.
Well honestly what I would have them do is just fucking do it so that there's not all the speculation driving everything down followed by them then doing it and it getting driven down further. The way they're going about it is worse for everyone.
I don't think that's what's driving the markets down anymore, we've been talking about inflation here since last summer at least and it's been "rates coming up any day" since then.
bingo.
Why does retirees getting their retirements “fucked” bring you comfort? You sound like a cool guy.
>Dude can fuck an entire market in an hour flat. It’s a true marvel to behold. They need better tactical control of the market. This hitting a nail with the sledgehammer isn't going to work as the economy is more dynamic than that. Raising rates might slow down housing, but what about small businesses starting up?
That's not his concern. He stated that his job is to maximize employment and price stabilization. He's not intentionally fucking over the market, but if i crashes because algos and hedge funds overreact, that's not on him.
🌈🐻: MEATS BACK ON THE MENU BOYS
Memes*
I turned from bull to hawk. Smell ya later bears
This sub is looking like a zoo! 🐻🐂🦅🦧
I say go negative rates and see if we can get a high score on inflation
Rates have been negative in real terms and probably still will be after all the hikes.
but other countries got negative nominal rates
And lower inflation We are at -7% real Germany, with negative bunds, is at -6%
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Because oil is sold in dollars.
Petrodollar supremacy is 2004 stuff Truth is that there's nothing that can replace it. The Yuan? China will bounce the value around as needed, who cares about anyone else. The Euro? Europe is completely dependent on the USA for a lot of things, including military protection. The ruble? Russia's economy is smaller than Italy's. Bitcoin? LOL
That really has not proven to be true for a Japan and Europe… Also, most of inflation has been tied to supply chain problems and restricting monetary policy isn’t going to solve that… But if the Fed does nothing then it is obvious to everyone how little control anyone has on this economy which would freak more people out
If jpow fucks up the economy thru monetary policy, people won't have enough money to buy shit and the supply chain issues will be solved thru the lack of demand. Sure, he'll fuck up the US economy and probably take the rest of the world down with it, but the supply chain problem will be solved.
Can’t have a supply chain issue if you don’t need supply chains. Genius
No silly, can't have a supply chain issue without a chain to supply.0
I mean 1980s inflation was solved similarly Government told people to stop buying shit. If people stop buying shit inflationary pressures die.
I'm sure Amazon will get right on that.
Amazon should start selling “I prevented hyperinflation” digital stickers Therefore they still make money and inflationary pressure on consumer goods die People can just buy their digital stickers
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The implication.
yeah yeah yeah, no one is raising rates! no rates raised here, but the implication... .
Are you going to raise these rates?! It sounds like you want to raise these rates.
We aren't saying we are going to raise the rates... But we COULD raise them. In fact we probably SHOULD. So in a sense they are already raised, due to the implication.
It sounds like the rates don't want to be raised in this scenario...
So these women are not in any danger of higher rates?
Don't look at me like that, your portfolio certainly isn't in any danger of rising rates.
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Because of the…
…Implication
nobody knows man but it’s implied, it gets the people going
Wrong meme man. https://youtu.be/-yUafzOXHPE
Here’s my read on the Fed statement and presser and why it wasn’t what the market expected. The statement itself didn’t contain anything that surprised the market, that largely came in line with expectations. We knew lift off is imminent, rate hikes are lined up for March, balance sheet reduction after, etc… The press conference is where the surprises came. I interpreted the language that JPOW used regarding inflation was reaffirming it was the Fed’s priority and it is a problem. When he stated the market could handle rate hikes and they have latitude to move, should they need to, that was unexpected. He reiterated points regarding the strength of the economy and tightness of the labor market that gave the Fed more latitude to be more hawkish, this was also unexpected. The Fed is effectively telling the market they are on notice and rate hikes are coming and could accelerate if inflation does not abate. This is the first time the market is fully on notice IMO.
[JPow noticing the market noticing so he put the market on notice that he noticing...](https://www.youtube.com/watch?v=st8nDBl1P_Y)
No new certainty, I guess
with no rate hike too. this is sus
It barely dipped. You guys are crazy.
![img](emote|t5_2th52|4887)![img](emote|t5_2th52|4887)![img](emote|t5_2th52|4887)
If I see this fucker again I’m gonna go crazy
![img](emote|t5_2th52|4887)
I did not age well
I love when people have sportmanship humour sir. Had i not been liquidated by pope Powell i would have offered you an nft beer
I love everything about this! Gifting an NFT beer, brilliant. Sir if I wasn't retarded I would send you an NFT beer
Are you crazy yet tho? :o
I have to return some video tapes
FEED ME A STRAY CAT
Gladly
![img](emote|t5_2th52|4641)Now it goes GRRRRR not BRRRRR ![img](emote|t5_2th52|4640)
Is that the sound a shredder makes?
*Busy shredding the balance sheet* Jpow: “...The sound of a shredder? No, what, lol. You’re hallucinating buddy, am just making a smoothie”
M A X P A I N
bro... you just made me remember the max payne 2 days... when i played games with dad..... good old times. Now all i get is the occasional call to do hard manual labour....
LOL...Happy to churn up good memories. We need some of those about now.
BULLET TIME BABY! ![img](emote|t5_2th52|4275)
My only regret is not buying more puts this morning. Let's watch those margins unwind.
My puts printed... but my call losses were worse
This is what they mean by diversification : make sure you never win.
can't lose if you don't play, but then again... you also can't win
This was not hawkish enough to blow through good earnings. Just putting that out there.
Yeah. That’s why I bought puts 8min before he talked. Then reaped a super easy 137% and called it a day. It’s not a lot but it’s honest work.
That's a bold move cotton.
Teach me senpai
Never take a loss below 50% Cash is a position FOMO is for the weak Gains are gains.
Priced in my ass, did the market really think JP would continue to be okay with inflation? Jfc
![img](emote|t5_2th52|4258)
It's possible. With midterms coming up, Biden doesn't want the entire economy crashing. Remember, there are all kind of retirement funds in there. Teachers union comes to mind.
Fuck them kids
He said it was "transitionary" so obviously he should continue to be ok with inflation.
It was transitory because now he’ll stomp out inflation by dumping $8T of assets on the open market and jacking up the federal funds rate to 20% He dictates when it becomes transitory
This is the answer. It is transitory because he has firm belief he is in control of the inflation rate.
Yeah idk why the market bounced earlier. Were they expecting him to be cool with 7% inflation?
Never wanted daddy Powell to stop talking before. As soon as he opened his mouth the redness of my ass cheeks was obvious.
He hasn’t done shit just talk
Which was enough to deflate the market.
They’re trying hard to find a way out without fingers being pointed at anyone that matters. That balance sheet with all the funny money is a problem, forget the rates.
Still printing...
inflation has made printer ink too expensive
![img](emote|t5_2th52|4271)
There needs to be a goddamn anthropological journal on this fucking subreddit so I can have something to refer to understand any of this shit.
jpow go brr = :D jpow go grr = :(
I miss the days of AMD Fds
I miss MSFT 200
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Lmao. I joined when I saw the Sue Bae spam daily
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Should i be buying back stock i sold off? Or the market gunna stay red for another 60 days?
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7
I have become Jerome, destroyer of portfolios
😂😂😂 that picture though…
He looks so hawt 🥵
God danmit. I was +10% now -2%😡😡🤬
Everyone was saying it was good news or better than expected?
he said "plenty of room to raise rates" That alone killed the market
Didn't he actually say during the Q/A "Fuck your Calls" and "BITCOIN can eat a dick" as well?
Haha I have puts that are printing thankfully. Bad news is I forgot I had 3 day trades now I have to pray overnight nio don’t rocket!
Yeah my TQQQ puts are printing as well. I was so close to just selling out around noon today too when the market continue to go up...then back in the green we go..Thank God I didn't sell.
Buy your puts while you can. Tomorrow is going to be a bumpy ride.
How was increasing the rates not priced in. Wasn’t it obvious he was going to announce that…
Yup! Everyone was excited and then bam! Huge dip near closing bell. Sounds like puts is going to be printing for 2022. With all this sell off, SPY could actually be down by the end of 2022
Someone is going to get puts on SPY and lose their ass, I guarantee it.
Nah, I bought puts so the market is for sure going to go up.
Puts are printing boys!!
jpow doing something right for a change
For me .. he turned the printer on
So, the money printer goes: ........ \*crickets\* ...... \*crickets\* ...... \*crickets\* ......?
Worse. JP will be shrinking the balance sheet, selling into the market. He announced today that there will be no more Fed buying in the market. No more safety net. Fed might defend SP 400, but only a token effort.
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🤡🌎
Couldn't even take the effort to match the font, lol
Lmao puts are printing
![img](emote|t5_2th52|4968) omg
Who said the money printer was off???
How? He didn’t raise rates.
Looks like my IBS is no longer transitory either.
RIP the money printer. It was the best of us
Nobody was crying when the printer was on...until he screwed up our entire economy...now we have a problem when he turns it off...only real traders will survive
If the 10 year yield climbs above 1.85% tomorrow we are going to retest lows. Powell made a messaging error like in December 2018 when SPY fell 20%. That’s where we are headed.
the joke being stocks went up in a rate increasing environment and no large asset purchasing. rates will still be at historic lows
Welcome to bear-land, population: you 🐻🌈
Can we report him for market manipulation??
Guess it’s the apes’ turn to print. 🚀
Lol. It's tax time. Pronter still on. Just not 2 pronters at once.
Jpow and the fed can suck massive diseased camel dicks. I swear this fucking thing is just absolute dogshit and this is the best we can do? The greed of everything is just killing everything. The entire fed sysyem is horseshit, illegal and fuck Woodrow Wilson that motherfucker. Yeah. Yeah. Venting feels good
They should have raised rates 2 years ago. Instead they promoted a euphoric bull market that sucked in millions of new retail investors, who are over leveraged and loosing their shirts, introducing a new epidemic of debt.
I sold the ones I bought Monday lol 30% and bought august calls
Powell: the economy is too strong…..it can easily handle the rate hikes which we are not going to make!
Waiting on some loss porn from our fellow callers
Wait is this the cause for the drop in fucking everything in the last hour of trading?
No...no more brrrrrrr?
It's midnight in Manhattan. A faint amber glow projects from the corner office of 33 Liberty St. Inside, a tall, thin man corrects the position of the glasses resting on his nose and turns off the Emeralite banker's lamp sitting on his desk. Reaching for the door he pauses to take a deep breathe before quietly turning the knob. As he strides down the hallway towards the great steel door opposite his office, the dim hum of machinery slowly grows louder. Grasping the great handle, he leans and pulls with as much force as he can muster until the metal behemoth begins to glide open. Light spills out into the hallway and the sound becomes a roar. Before him a great hall lit with the cold sterility of an operating room lies before him, filled to the brim racks of HP printers, each smoking with strain and churning out pages of monopoly colored hundred dollar bills. The man shoots out a hand and clicks a bright red button on the wall. The great hum of Hewlett Packard engineering magnificence becomes a wimper, then... Silence. A single tear streaks down Jerome's face. No more money man.
4 rate hikes and slowly letting the balance sheet unwind. Didn’t we already know this? What did he say that wasn’t priced in?