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Spam_in_a_can_06 t1_jdapfnn wrote

My calls were up sooo much then crushed.

716

SisterStiffer t1_jdbe47d wrote

I sold my puts at the 1pm dip, got into calls at 1:45, fuckerydickerydone got fucked. But exp. 03/31 and this market is regarded, so we'll see 409 next week.

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Schlager11 t1_jdcoj8d wrote

The old mantra in action: fuck your puts, fuck your calls, jpow has you by the balls

37

Mail_Order_Lutefisk t1_jdcx3xi wrote

I want to see options with hourly expirations introduced so JPOW can crush people several times per day. The best way to get inflation under control is to take away everyone's tendies.

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ParlayTheHard8 t1_jdbr04v wrote

He certainly knew his calls were fucked

26

Prestigious_Chard_90 t1_jdbsvai wrote

With the smug look on his face in the left photo, he was probably thinking "aww yea, JPOW gonna help my calls rip when he answers this", only for the opposite to happen.

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HulksInvinciblePants t1_jdcu4i6 wrote

Anyone paying attention to recent Fed speak, which I’m sure includes this guy, knew what the answer would be.

The Fed has every reason to sow doubt on the timing of rate decreases and keep markets subdued. What was he going to say? “Yes, we’ve peaked so let’s price everything like risk free returns are about plummet”.

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SisterStiffer t1_jdd1xg5 wrote

No, the surprise in what jpow said was that the feds model💃💃 suggests no more rate increases(assuming all stays the same) but the market has a .25 increase priced in for may. So the market had to adjust for no more rate hikes instead of +.25.

The big fish were just shuffling money around, its good-ish news so only up from here. We'll beat february's highs shortly. img

5

nexxcotech t1_jdaurbh wrote

Someone send it to Mike McKee lol

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Aarschotdachaubucha t1_jdc9r14 wrote

He's well aware of what he was asking. He's from Bloomberg and writes economics articles on the same team as Matt Levine and many other econ-nerds. Some samples from his Twitter this week:

> For all the fears generated by massive Twitter misunderstanding of the central bank swap lines announcement yesterday... Today @ecb had one bid for $5 million; @bankofengland , BOJ , @SNB_BNS had zero. No funding stress at the moment.

> Why new @federalreserve lending isn't QE or the end of QT: The Bank Term Lending Program accepts Treasuries and MBS for one year from #banks looking to shore up their balance sheets. That money is not going to be used by those banks for investments or loans. 1/2

> And they're not going to buy Treasuries or MBS with it. It's not going into the economy. And it has to be paid back, with (admittedly nominal) interest. Loans to @FDICgov receiver banks also have to be paid back and aren't going into the economy. 2/2

Dude is 100% cutting to the heart of the matter and doesn't care about whatever retail / cryptoscam narratives are being pumped on Youtube and Fintwit.

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Commercial-Brief9458 t1_jdcr2zi wrote

I was waiting for someone to finally say this. If anything, he was laughing at the absurdity of it all. I'm alarmed to conclude that this website is full of children now, and has been diluted to the point where very little can be extracted amidst the noise.

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pofwiwice t1_jdcswqc wrote

I mean IIRC before the apes arrived we had a few hundred thousand members I think? Now there’s 13 million+

Insane dilution. Actually makes me a little sad to think about.

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qazwer001 t1_jdczjjx wrote

When it was below 100k the subreddit theme added a digit to subscriber count. I joined when there were 13k or so degenerate gamblers. I miss the good old days of penny stocks and fscomeau or however his username is spelt. He was a paper trading fraud but still. Good times.

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bahkins313 t1_jdcdglt wrote

Sounds like he’s full of img from his calls getting rekt

0

mattenthehat t1_jdduv25 wrote

>It's not going into the economy.

Then I suppose the people withdrawing their money are just stuffing it in their mattresses?

−2

Aarschotdachaubucha t1_jddwgvr wrote

They're moving it from one bank to another in most cases. In the cases where its being spent down (i.e. a lot of the startups that are burning VC cash on payroll, OPEX/CAPEX, etc.) that money was going into the economy either way, regardless of which bank it sat at.

What is happening though is a bunch of banks are getting defacto taxed to cover SVB and Signature's shortfalls on asset sales just to make sure those depositors can move banks, and that money that gets taxed will be replenishing the empty FDIC piggy bank for insurance. For the banks not affected by SVB, they're recapitalized with the funds they've borrowed, and then pay it back with minor interest to Treasury which gets to use it against the US budget anyways.

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mattenthehat t1_jddy6tf wrote

Right, and the new bank will just deposit it back at the fed, not loan it out or buy treasuries, right? ...right?

The whole thing just adds a layer of obfuscation.

2

Aarschotdachaubucha t1_jde5pbr wrote

They literally can't. The new bank is using it to meet capital requirements in a tight market. The fear that other banks are failing might infect them makes them not want to lock up funds in investments.

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mattenthehat t1_jdegsjx wrote

Shouldn't or can't?

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Aarschotdachaubucha t1_jdehz9n wrote

The "can" scenario involves them getting bailed out then immediately killing the tool that stops them from being insolvent. If they want to suicide, they can just do nothing for the same effect.

1

Wisesize t1_jdb8bvv wrote

Forget this guys name but he's with Bloomberg. Does a solid job when he's covering jobs reports, CPI, etc.

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TheSneedles t1_jdcmmo3 wrote

I’m old, he’s on Sirius XM! Good reporter, on the same level as David Faber.

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Kengriffinspimp t1_jdaxx91 wrote

https://preview.redd.it/2gtg5biqufpa1.jpeg?width=1125&format=pjpg&auto=webp&v=enabled&s=7c765bd0da8fa4ee99519f465be3f2a318a498c2

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antihero-itsme t1_jdbeixj wrote

Completely false btw. Look up their website, it's just an ape fanfiction blog. They only post towel, popcorn and gamestore content

−40

Badboy_Dank t1_jdbj3wk wrote

What did they get wrong then?

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Stock-Pension1803 t1_jdc8xmr wrote

Well for one thinking they are in any sort of trouble.$16 billion in profit for 2022 indicates that whatever ape nonsense this Twitter page is spewing, is pretty insignificant.

The sequoia “bailout” is anything but. It’s just an outside investment. Money makes money and these guys know this very well.

1

Fly__Eagles__Fly t1_jdhhxs1 wrote

The part where they thought borrowing 3% of their asset value mattered????

1

Neerko_bat t1_jdbs44z wrote

Let them belive in their conspiracy theories and take advantage of their stupidity. This Comment was sponsored by r/thetagang

−17

X-Boozemonkey-X t1_jdbfsed wrote

I dont know why hes so sad in the picture my bro is the beariest bear to ever bear. Every time he comes on bloomberg hes like" economy is shit, all numbers are lies, bears rule the world, put this dick in your ass and this gun in your mouth."

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Due-Employee9272 t1_jdc95ft wrote

Well, what Powell said could have been taken as bullish. Thinking of this as a rate raise would suggest they won't need to raise as much in the future and brings the likelihood of a pause back into the spotlight.

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Aarschotdachaubucha t1_jdca2x3 wrote

Except that's not what Powell said. Powell is leaving open the door to the possibility that further chaos may impede their ability to raise the long term rate, forcing them to delay but not pause raising rates while they resolve the next crisis. He's essentially telegraphing a subject they just finished discussing in FOMC.

If the FOMC were still focused on figuring out the scale of the damage from additional, post-SVB/Signature bank failures (i.e. if FRC or others had fallen), they might not have worried about a rate hike at this moment. As Powell said, additional bank failures in the short term were taking more money out than their interest rate hike could do. That's why they didn't do 50bps in this meeting.

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ticapnews t1_jdbe2lq wrote

https://preview.redd.it/lcbsjey1jgpa1.jpeg?width=945&format=pjpg&auto=webp&v=enabled&s=e852bab16e1e4944b03a1665527096cf4b5dc5f3

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GeneralNonsence t1_jdcf4n2 wrote

https://preview.redd.it/10evxjdwuipa1.jpeg?width=1125&format=pjpg&auto=webp&v=enabled&s=11a5770924ed5d07a73db643d9902b554238cd45

What goes around come around

22

a_simple_ham t1_jdarou6 wrote

What was said?

50

Theorysquatch OP t1_jdasliq wrote

Ask and ye shall receive.

83

a_simple_ham t1_jdb7zjs wrote

More tame than I expected lol

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dafazman t1_jdbkf4h wrote

RemindMe! 1 months

2

Jebusfreek666 t1_jdbsj0a wrote

Any particular reason you pluralized the singular month? That is like saying the lone rangers, which is one hell of a band!

1

dafazman t1_jdbtc4u wrote

Didn't work when I originally had it in singular form.

Seems like its doing a literal keyword and someone didn't do any extensive QA testing on the bot.

7

JohnnieClutch t1_jdb8awc wrote

Eyy ah the market is pricing in cuts after you raise, what say you?

"Down with the market

14

johnnybones23 t1_jdb7xsb wrote

Thr birth of a meme. Well done sir.

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miamiboi t1_jdb9bmd wrote

He really saved my puts in the last 15 seconds of the session thank you sir

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Minimum-Ad-2026 t1_jdb7ut6 wrote

This little bitch. Dammit, was up nice...then all gone and deep red. That damn muthertrucker

24

Ill-Expression1737 t1_jdbhlbl wrote

good you deserve it

11

Minimum-Ad-2026 t1_jdcb7hi wrote

Thank you kind fellow, I sure appreciate the love. May you have a blessed day yourself and may the markets forever be in your favor.

−1

NorthStarTX t1_jdcqn2x wrote

Some muthafuckas are always trying to ice-skate uphill.

5

iWriteYourMusic t1_jdb8x07 wrote

It’s a funny meme I guess but I don’t think his question had anything to do with the market drop. He asked his question about 15 minutes prior to the drop… which coincided with Yellen’s comments.

14

Aarschotdachaubucha t1_jdcarsa wrote

You probably forget most of the people in here are trading in broker accounts with "betting pools" so low they can't even qualify for real time quotes. They're probably watching a 15 minute candle update on Yahoo Finance, thinking the entire movement happened all at once. These are the same people talking about gap downs/ups like the Asian and European markets don't exist.

7

brad9991 t1_jdc9mk6 wrote

Yea, people seem to like this cause it's more interesting but Yellen is who you really should thank/blame

2

Ommmmom t1_jdbkz4s wrote

This Q/A was the exact moment the market blinked 👀

13

j4k3b t1_jdb8ofh wrote

That smile looks just like the troll face.

12

thepleasureistoplay t1_jdb6op4 wrote

damn, it's like looking into a mirror at market open and close

10

locoturco t1_jdc82y5 wrote

He knew the answer but he asked anyway

9

Jebusfreek666 t1_jdbsc74 wrote

This guy is one of my heroes! No joke, I am sending him a thank you card tomorrow!

4

tickle-tickle t1_jdc9dxo wrote

It was Yellen who turn the market. She was talking the same time jpow was. She said she not going to support uninsured bank account. Opposite of what jpow said

4

PurplerRain t1_jdcdqgc wrote

Bro had calls. You can see it in his face.

3

Schlower288 t1_jdb992y wrote

This guy saved the market and I think he knows it

2

cliffhanger100 t1_jdbjhwl wrote

Guy is competing with Cramer but is a super fast version I guess

2

VicChaos69 t1_jdcycrd wrote

Only person on Bloomberg that doesn’t wipe their guests ass

2

PlayfulKitten918 t1_jdd7ywj wrote

Every time I ask my girlfriend if everything is okay?

2

Normal_Ant_4612 t1_jdegb6b wrote

I wonder if he hadn’t asked that question and nobody else asked anything seemingly as direct, if the market would have continued on a positive note from that meeting..

2

VisualMod t1_jdakil6 wrote

User Report
Total Submissions 1 First Seen In WSB 9 months ago
Total Comments 1 Previous Best DD
Account Age 1 year [^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20h26cq3k)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.) [^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20h26cq3k)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.)
1

cheekybandit0 t1_jdbxgn4 wrote

Who is this guy, and what happened?

1

Aarschotdachaubucha t1_jdcayy3 wrote

He's Bloomberg's rep on economics to go sit at the FOMC presser. He knew exactly what he was asking (whether or not Fintwit and cryptopumpers were shilling a false narrative about rate cuts based on a willful misinterpretation of the FOMC press release). Here's his Twitter:

https://twitter.com/mckonomy

3

cheekybandit0 t1_jdcbh2a wrote

Ohh so this is Michael McKee!! Ok I saw the vid earlier of the question and Powell's response, had no idea what he looked like. Thanks

2

JotaroTheOceanMan t1_jdc86hh wrote

He looks like someone stole Nathan Lane and Patton Oswalts genes but used a dirty tank when making the clone.

1

youdirtyhoe t1_jdc8sja wrote

That part sucked. Thought jpow was gonna be dovish like everyone else. I was wrong.

1

Snotteh t1_jdc90qe wrote

Such a smug bull smile

1

itsdone20 t1_jdck51o wrote

My dad had the same expression when he saw me last October lol

1

ballmode t1_jdcklri wrote

Imagine being a reporter for years and this is what people will remember you by...

1

J7mbo t1_jdcnsix wrote

Fck around and find out

1

Assist_Lumpy t1_jdcoexg wrote

I keep seeing people reference this guy what was the actual question and answer?

1

Rick_e_bobby t1_jdcpffl wrote

Does anyone seriously believe cuts are coming? Recency bias has everyone blinded, 2024 maybe but probably 2025 for first cuts, you heard it here first

1

spac420 t1_jdcr1vm wrote

The pivot pivit pivout on pivot during pivit when pivot pivots? No.

1

qwerty12345qazwsx t1_jddanlo wrote

4 trillion for 2% of the market looks very high, that means there is 200 trillion in the market

1

Garpcui t1_jdej1u4 wrote

He fucked his own calls.

1

whateverr147 t1_jdeqosr wrote

My strategy of doing completely opposite of what WSB says did pay out; everyone started shitting on bears and imagining new bull runs and i was like "K its time to short" I even 10x leveraged that shit. Too bad it was still a wimpy sum, but hey free money is free.

1

JumperNew t1_jdewe5s wrote

Man single handedly fucked the market

1

PmPare t1_jdf223y wrote

There was a correction?

1

AlexJamesCook t1_jdf27fe wrote

This is more, "I asked a rhetorical question with all the smugness but got burned by the response".

Kinda like when those people from a US morning show asked a fashion designer about what she knew about political topics, and she said, "It's because I read the books and did my due diligence on that topoc". The "gotcha" question got them instead of her.

It's a thing of beauty.

1

DetroitRedWings79 t1_jdfeprl wrote

The dude is literally making the “troll” face from that meme that circulated around like 2009-2012 on 4chan.

1

RowdyTownReady t1_jdfwsfz wrote

Anyone have the link to the clip itself?

1

Jersey_F-15 t1_jdbveov wrote

This meme is gonna have legs

0

Iceman_B t1_jdcty9f wrote

Smoothbrain here, can someone explain what transpired in this conversation?

0

ASaneDude t1_jdcz26l wrote

F’cked around/found out

0

DerpetronicsFacility t1_jdbggyr wrote

This is my new favorite meme for the next 36 hours or maybe months

−1

soyuz-1 t1_jdbwrvj wrote

Im glad i stopped investing in this manipulated nonsense

−1

Hoplertarum t1_jdc1yzq wrote

Guy was definitely fired after that

−2

Odd-Block-2998 t1_jdbm3ik wrote

I like how a reporter who doesn't understand how macro economy works asked a clarifying question that results in market correction of 3.3M times his annual salary in 1 hour. img

−3

Aarschotdachaubucha t1_jdcae5g wrote

This reporter probably has a better understanding of the economics involved than you and the entire generation of people who were stupid enough to support your dumb existence long enough so that you can write your moronic comment. Dude sits on the economic bench for Bloomberg, and is their chosen guy to go sit at a FOMC presser. His inert Press credential to get in there has more economic awareness than your entire brain. Read his Twitter you poor, deluded, dumb piece of shit: https://twitter.com/mckonomy

32

chartedlife t1_jdcxptx wrote

Sir this is a highly regarded tenders casino.

−1

Aarschotdachaubucha t1_jdd34bl wrote

Do you want to be the 67 year old wearing diapers at the slots wagering on 1:billion odds, or do you want to wager on single shoe blackjack with a counting system and an understanding of basic odds?

Just because it is a casino doesn't mean you need to get fucked with that loser attitude of yours.

1

chartedlife t1_jdd59ry wrote

No no, I agree completely with your statement and the one previously too. I was just doing the "sir this is a Wendy's" joke because so many people on this sub are superbly undereducated with a gambler's mindset.

I don't do options or anything like that, I mostly buy physical silver lately.

2