CNBC’s Rick Santelli turned it up to ’11’ today as The Fed’s Janet Yellen joined the world’s central planners in suggesting intervention directly in the stock markets would ‘help’ the average joe.
Santelli exclaims “don’t help anymore!!” How has any of their ‘help’ helped in the last 7 years?
“Central banks buying in the [stock] market… you really think that’s a good idea?” Raging about picking winners, buying Deutsche Bank, and keeping stocks “steady” around elections, the veteran pit trader exploded, “is that the world we really want to live in?”
The Fed’s buying stocks “will completely and utterly and in every possible way destroy and value in the marketplace…”
3 minutes of brutal reality slapped into the face of a ridiculous rumor-driven day…