The Banks are Speaking...and Scheming and Hoarding and Fleecing

Yes more on banks today…

The banks are talking, but the bankers are quiet. I do not blame them. Unlike Trump…they know to keep their mouths shut when the going is good.

The price action remains bullish for many reasons. Strong banks and confident banks matter. Banks will do deals. Banks will start feeling better about themselves and spend their bonuses. Banks will confidently create new products to fleece people out of their new found market gains. The circle of life/money.

This summer Goldman Sachs was not in the middle of a crisis, but the stock was. Deutsche Bank was the ugly duckling of banks and was supposed to be a zero. The swaggar was gone. Negative interest rates ruled the lands!

In August, the rates ticked up and up and up…and now we have a second catalyst which is the hope of lower regulation or what is more likely… presidential neglect.

This price action to me is a heads up that Goldman Sachs, JP Morgan and Morgan Stanley have been given free reign to start cooking up the next financial crisis.

Remember that only 10 percent of Americans have their money in the stock market. Today, Blackrock (huuuuuuge ETF/asset manager) hired the chief marketing officer of Buzzfeed. Don’t be surprised to read ‘36 reasons you should borrow money from your grandma and day trade oil stocks‘ very soon on their blog.

Exciting times and schemes ahead.