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 (O:AMZN), up Google (O:GOOGL) 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!