This page has been archived and commenting is disabled.
The newly hired traders at the Federal Reserve proving their mettle.
- advertisements -
Contact Information:
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Suggested Reading:
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
It would be very wise of you to study our disclaimer, our privacy policy and our (non)policy on conflicts / full disclosure. Here's our Cookie Policy.
Something is rotten in the state of Denmark...
At first it was funny.
Now you're just loosing your readers. Even CNBC runs a bearish story now and then...
Yeah Tyler!!! If you don't start acting right, no one will ever read this blog again, never ever ever... I bet this anon will even make a youtube vid telling people not to read this stupid pants blog, then you'll learn....
How exactly would you know if he's "losing readers?"
alexa.com is a free service.
He might be right, looks like a double top may be forming...could be ZH is the VIX of financial blogs...people start showin' up when they get nervous...
Nah, he's not. TD is gaining big.
http://alexa.com/siteinfo/zerohedge.com
I'm somewhat new here and am not going anywhere. I imagine traffic will spike up even more in the fall when we see "The Fall part deux, end of the summer green shoots myth".
Please tell me how Alexa knows each and every websites unique hit count??
Answer: They don't
Using Alexa as a retort is lame and misleading don't you think?
Yep, this site's traffic is up 16900% in just the last three months.
TYLER,
Can you hit us with some Fx Ivol charts.
Also, do you think the march 2007 yen shock was a large institution(say a goldman) positioning for the unraveling of the credit markets?
might be; but we like THE TRUTH, FACTS and EVIDENCE on this site; you can go to CNBC if you want your reality painted pink and served with kool-aid and green shoot fattie ..
funny lol
I'm not sure what loosing readers implies but it sounds vaguely inappropriate and I wish TD would stop.
For some reason this "loose" mispelling seems to be the most common in these comment threads. Don't know why that would be...
loose is, as lose does.
I see the frequently incorrect choice of "their", "they're", and "there" among ZH pages. That annoys me. It's not that hard, people.
If it was about the readership then he would be reviewing American Idol and posting panty shots of the D-List
16,900% Increase over 3 months in Readership...
http://www.alexa.com/siteinfo/zerohedge.com+nakedcapitalism.com+denninger.net
Is that you Gasparino?
Q: "why do you come here?"
A:"It's cheaper than a movie and there's free coffee."
If I had a tumor I would name it Goldman Sachs.
This site is fantastic.
Dollar down is bullish for stocks, it's a bullish story. ;-)
V shaped for stocks, \ shaped for the dollar.
could it be the free $200 stimulus handout for back to school was a factor? Somehow, they have beat the stupidity of the cash for clunkers
It has gotten so bad that they effectively have to drop dollars from helicopters now.
Toilet roll in short supply in the US?
The funny thing is that those people way uptown that got the 200 bucks are making smarter decisions with their money than their trader brethren downtown.
It's within the trading range. If it goes below 72, then heads back up, then it might be interesting.
Referencing a rhyme.
i think this ($ down) together with the latest WTO ruling in our favor is a sign of undercover trade war. Thus the first part of global credit crisis opera came to the end.
The second part, "I can see V shaped hills and valleys or not" shall begin rather soon.
p.s. It's not necessary about who is to blame for the mess as what we can learn from it that matters! (haven't learned anything yet :( .)
Anything to do with the FOMC announcement at 2:30? Maybe someone knows they are going to continue QE past the September deadline?
Seems like traders are positioning for a continued QE possibility, aren't they?
If the Fed comes out and extends QE, the DXY drops below 72, easily. And it will highly infer than Uncle Ben is pandering to political pressures at the expense of making/keeping international friends.
My sense, though, that we are just seeing positioning before the storm-- no need to jump to conclusions at this point.
Leaves drop off the trees in October.
By any chance... do you write the fortunes in fortune cookies?
No just that we don't want to think of the stock market as still be tied to the agrarian cycle. It goes to velocities. We still have sizeable investments into agricultural endeavors. When the growing season is over that velocity gets turned into something. Which is why the stock market usually crashes in October. It's a fundamental re-evaluation of worth based on the fundamental change of money supply that occured through the cycle. Many businesses still mimick this behavior for some odd reason with stocking for christmas and stocking goods for the winter. It's a subconcious tell. If business doesn't stock in septermber the market will crash in October. Inventories will rise this month and in september but it will be a dismal rise and subconcious tell for everyone to panick.
Intuition would say that represents someone taking a very bullish stance on oil (and commodities as a result) ahead of this Fed announcement.
Until we have guys like Black back as regulators nothing will
change. We just
good articles;
target="_blank">my newest bookmarked finance website
href="http://www.iamned.com" target="_blank">finance news & finance opinions
Off topic but a friend of mine from China laughed so hard at your AV. Funny. Nice photochop work.
Falling dollar and bond prices when equities rise has been the pattern for some time now hasn't it?
well, both equities and bonds are rising but I wouldn't call it a pattern but rather abnormality. In a normal efficient market various assets are not strongly correlated!
Abnormal seems to be new normal in the last 6 months.
Not so long ago...Imelda Marcos, her son and her daughter had to leave their home by helicopter. As they flew over the disgruntled people they fleeced the daughter says, "Mother, these people don't like us...let's drop $100 bills from the helicopter and they'll like us again."
Then the son says, "if we drop $50 bills we can make twice as many people happy." Finally, Imelda weighs in: "if you really want to make these people happy we should drop your father out of this helicopter."
So the plan is to drop Ben out of the helicopter?
He deserves a helicopter drop indeed. The Benjamin Bernanke Bungie cord designed by the Institute for Advanced Study at his alma mater, Princeton, named the Anti-Depression stimulus recovery magic bean plan.
if they put that on pay-per-view at $100/person, we might come close to federal budget neutral this year.
So the biggest damage to the DXY today is coming from the Canadian Dollar. Intuition would say that represents someone taking a very bullish stance on oil (and commodities as a result) ahead of this Fed announcement. That being the intuitive conclusion because Canada is our #1 oil import source by a wide margin.
http://www.eia.doe.gov/pub/oil_gas/petroleum/data_publications/company_level_imports/current/import.html
I'm suprised the Yen is staying put tho, but newho.
The intraday chart of the S&P looks exactly the same as of previous Fed meetings... the pattern matching machines at work !
Only retraced about 38% of the rally so far. This is normal. Dollars to donuts says the low is in.
Isn't "plummets" a bit exaggerated?
Dollar = death. Gold = life.
I am Chumbawamba, and I choose life.
Not so fast on the pirate ship, good sir.
As in March 1933, when they outlaw gold, only outlaws will have gold.
Yes, and that's what the guns are for.
I am Chumbawamba.
> Ben announces more QE bonds strengthen and dollar plummets.
> Ben announces end of QE bonds plummet and dollar strengthens.
Theoretically, which one is the worst poison to pick?
Good question... and it really depends on what side of the trade you're on, I guees.
End QE, and the eventually market corrects-- allowing a flight to quality to meet Treasury supply needs. At least its external capital, and perhaps eventually outside the US. More pain now, less pain later.
Continue QE, and be assured that most of the new Treasury issuance will be funded by money out of thin air. Cheapen the dollar and risk international trade war with those who have excess capital. Less pain now, much more pain later.
Of the 2, it (ironically) appears a continuation of QE is politically more palatable, as subsidized (low) rates AND a rising stock market keep the masses happy and shiny, for the time being. At issue is whether Uncle Ben caves in to political pressures, as he fights for his job-- or does the right thing, and finds another outside source of capital to tap the massive budget deficit.
That's what I'm thinking too. There hasn't been any effort to make the right decision based on the long run so far. Why should it start now?
How can he lose readers when so many LONGS come here to be amused at what a hopeless permabull looks like.
Apologies to freud (fraud), that should be PermaBEAR.
But you knew that
It's not "perma bear" ... it's "patient bear".
Right, who needs facts when the market is going up... Just buy buy buy...
thanks
Until we have guys like Black back as regulators nothing will
change. We just
good articles;
target="_blank">my newest bookmarked finance website
href="http://www.iamned.com" target="_blank">finance news & finance opinions
Buy dollars low - sell them high. Sounds like a good plan to me!
Moi` was bullish USD and still am.. will pick up some more ... contrary as usual.
less than 200 days since March's Mark of the beast and QE over? That's hilarious. Bubbles take as much time to unwind as they took to expand. We're in about early 2nd inning.
QE must continue absolutely. Otherwise wholesale liquidations continue, banks bust, BKs skyrocket, bond yields crush out any latent growth, mortgages become impossible at any level.
Dig deeper, time dilate the pain. QE and fiat are the only way to maintain semblence of a market. Been the end game since Nixon's '71 dump of AU and rapproachment with China for wage arb/shift of industry.
Game over, man, big time.
Keep pulling the string on the toe, ignore the body bag. See it's still ALIVE!
Without increasing money supply, and with loans blowing up all over (destroying P AND I cash flow), pool from which to source interest + principal payments for survivors is heaviest squeeze of all. Must attempt to have semblence of enough chairs for the game.
QE gives illusion of chairs.
While dollar's getting hammered (again) gold is up a "whopping" 5.00. What a farce. It's obvious they're trying to cap the price around 950.00. Free markets my ass.
IMF selling gold while maintaining market price stability.
The IMF hasn't even started selling yet. It's the central banks selling non-existent paper gold.
Tomorrow 10y Tbond goes to 3.60, ZH will show CUSIPs within weeks with FED buyback at steep loss. Teeter/tottering to Armageddon. Break gold, make uber-efficient printing presses, and electronic money transfers and you have unlimited power with only one outcome. Ruination of all lower classes and any/all without privileged inside access.
Democracy and capitalizm.
You'll think you died and went to hell.
I wonder if a cnbc parrot has posted something on here hmmm....
Tyler what software do you use to get your charts? TY
oh.. don't worry about the dollar. it will be much, much higher on Halloween.
cheers.
The funny thing is that those people way uptown that got the 200 bucks are making smarter decisions with their money than their trader brethren downtown.
Until we have guys like Black back as regulators nothing will change. We just
good articles; my newest bookmarked finance website finance news & finance opinions
Wow! I have never seen anything such a sharp spike for the DXY (but I'm new)
I took a screenshot to preserve for posterity - that spike is crazy, statistically improbable.... and not available anymore!
Very strange
The keebler elves are baking ther high frequency trading plans right into the next batch of media coverage. Cheerleaders are dancing, on green shoots, and everything in the world economy is alright. Nothings wrong the system runs great. Lalalalalala. Im plugging my ears, and you better say something nice, or Im not going listen.
Doom and gloom sucks. Repeat after me, "We have averted a near depression." (Key this into google, over 40 different taling heads have used this exact phrase). Coincidence you say.