This market commentary was penned by William Leake and posted today on wolfstreet.com
"I am firmly ensconced in Treasuries,so this whole sh_tshow is entertainment.
The twists and turns, experts talking like they know anything,
the almost daily disasters, the liars, the idiots, the con men , the government bullsh_t
As for Powell ( US Federal Reserve Bank Chairman), he doesn't know what's going to happen.
He is the blind leader leading the blind. I think he knows this.
He has been wrong enough.
His faith is economics. A pretty weak peg to hang ones hat on"
PS Overnight, yet another regional bank this one called Pac West Bankcorp (PACW)
41 Billion Dollar Regional West Coast Bank said it is "exploring options;including a sale"
And the stock, last trading this morning at 3.83, down from a February 2023 High of 30.07
The show ain't over till it's "over" folks. But I'm sure you knew that already. Right ?
SPX Last 4090.74
THE_UNWIND
WOODS OF CONNECTICUT
"I am firmly ensconced in Treasuries,so this whole sh_tshow is entertainment.
The twists and turns, experts talking like they know anything,
the almost daily disasters, the liars, the idiots, the con men , the government bullsh_t
As for Powell ( US Federal Reserve Bank Chairman), he doesn't know what's going to happen.
He is the blind leader leading the blind. I think he knows this.
He has been wrong enough.
His faith is economics. A pretty weak peg to hang ones hat on"
PS Overnight, yet another regional bank this one called Pac West Bankcorp (PACW)
41 Billion Dollar Regional West Coast Bank said it is "exploring options;including a sale"
And the stock, last trading this morning at 3.83, down from a February 2023 High of 30.07
The show ain't over till it's "over" folks. But I'm sure you knew that already. Right ?
SPX Last 4090.74
THE_UNWIND
WOODS OF CONNECTICUT