Since we now live in an entirely different world in which stock prices are manipulated every minute of every day by central bankers, we should put our efforts into updating our literature to reflect the new ‘nanny-state’ of our existence. I have begun updating nursery rhymes. In keeping with Christmas spirit, I have now updated the poem commonly known as ‘The Night Before Christmas’ to more accurately reflect the true Santa Claus - the Federal Reserve Bank.
’Twas the hours before the Fed announcement
and throughout the NYSE
Not a trader was trading
Not even the propagandist, shill, cheerleaders on CNBC
With hope in our hearts
And ‘buy’ orders in hand
Investors waited anxiously
For Janet to announce that the bubble would indeed expand!
With me and my data
So different from government lies
I knew stocks should fall
But I knew Janet felt otherwise
Our hearts beat faster
As the two o’clock hour neared
What would Janet say?
Would there be anything to fear?
And suddenly there she was
Lift off was here
Higher rates were coming
Wall Street let out a cheer!
They knew as I did
Janet would not fail
She has a printing press
And no reluctance to tell a tall tale
At first the Dow staggered
Realizing the end could be near
The bull market rally
Zoomed higher as a wall of money suddenly appeared
Up Amazon, up Google
Up banking, utilities, nothing could fall
Every sector was in the green
The PPT bought it all
With price fixing in
the bubble could grow and grow
The Fed won’t let us down
All stocks are green no matter what we sow
So twenty trillion is debt
is nothing to fret
Neither is a bubble in stocks
Against the fed we don’t want to bet.
Enjoy the Fed’s bubble and Merry Christmas to all!
Disclaimer: The views discussed in this article are solely the opinion of the writer and have been presented for educational purposes. They are not meant to serve as individual investment advice and should not be taken as such. This is not a solicitation to buy or sell anything. Readers should consult their registered financial representative to determine the suitability of any investment strategies undertaken or implemented. BMF Investments, Inc. assumes no liability nor credit for any actions taken based on this article.