Stocks And Precious Metals Charts - Pampered Plutocrats - Wall Street Throws A Hissy Fit

There was a wailing and gnashing of glaringly whitened teeth on Wall Street today.

The spokesmodels were distraught with sympathy for the plight of their pampered plutocrats.

The Fed did exactly what was expected. However...

What sent the Street into a tantrum were statements by Fed Chair Powell that suggested that this was not the beginning of a major easing cycle.

What, no more high fructose hot money with tax cuts for Wall Street, financed by austerity for everyone else?

Inconceivable!

This is a late-stage financial bubble action, and the financial class is jonesing for more easy money to keep propping up their Ponzi schemes and credit asset cons.

Now the attention will turn to the economic data, and demanding reassurances from the Fed that the flows of hot money into the pockets of the elite will continue unabated.

With tax cuts.

And everyone else be damned.

Have a pleasant evening.

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