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Market Reaction To Bernanke Speech: Disappointment
Alas, the market still refuses to acknowledge that the S&P will need to drop below 1000 (and whatever the appropriate level for the RUT is) for Bernanke to greenlight QE 3 which will in turn send everything to the moon (better have those collocated algos ready and steady). Judging by the post-speech reaction, markets may finally be getting it, just as Bernanke is also getting that he is dealing with a heroin addict who will not settle with methadone (aka "extraordinary" and "extended").
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It was direct threat aimed at Bernanke. Dimon wouldn't have done that publicly without some sort of real reason.
Those matters are typically discussed over lunch, face to face.
It could have been a big production for some other, less significant reason, too, though. Who knows...maybe Dimon and the Squid are setting up the table for some bad actors to fail soon, so they can collect some more cheap assets, or even free ones, compliments of the U.S. Taxpaying Sheeple.
It was reported on the MSM outlets as "Head of one of the largest U.S. banks being tough with FED Chairman."
I just can't believe that. To me it was grandstanding and political theater, a faux "tough question" as if there were some vestige of real banking going on in the nation; and that being practiced by "real businessman".
*cough*
If Dimon doesn't know he has Bernanke in his pocket and that they are playing pocket pool in each others' pants than there are darker clowns in this circus.
Off with his head!
off with his beard !
who cares, I cashed out months ago, now all my retirement money is on the Miami Heat to take it is 6 games.
So the JUNKSTERS ARE out. Game on! I won't junk you, piss ants!
Anyone here really appreciate what Bernanke has done to our economy?
Well he's turned a lot of fake fiatsco dollars into pure gold....I'll credit him that.
Additionally he has made homes more affordable. I would like to see additional declines however.
The trashman doesn't deserve a catered lunch, a press conference, and fake questions from the biggest pig bankster in the room.
I do
If he did not act the deflation from the shadow banking bust would have been devastating
Yeah...but your paid to say that so it doesn`t really count!
T.E.I.N. everyone!
Oh yes, the deflation. Not the deflation! Oh no! Anything but that!
There might actually have been a depression, with bankers jumping off of buildings or being hung by angry mobs.
Thank God they raped the individual responsible household for the sake of the politicians and banks!
We might have had to cancel the SupperBowl and face the death of the republic.
More bread and circuses Maximus! (and oral sex)
I think I remember an interview with Greenspan being done where he defended his lowering of rates to zip, because if he didn't unemployment would climb to 10% ... oh wait a minute ...
What moron decided that 3:45 pm (15 minues before the market closed) would be a good time for a policy speech by the Fed chairman. Pure genius.
The same morons who sold at 3:30.
Just amazing how the markets gap up RIGHT after the markets close. Boy some after hours trader sure got excited, didn't he?
In a related matter, I made $20.00 USD today (that's 1.49 CAD). I turned to a colleague at 9:45 and said "50 bucks says that at 10 am, the dow reverses and ticks up in a machine-like ashion until somewhere around noon or a little past.
Sure enough, the mid-morning "pump" happened on schedule, like a swiss clock.
The bastard quibbled over exact times (it, the morning "pump" peaked at 11 am), so we settled on 20 bucks.
There were only three outcomes really. 1. QE, 2. Nothing. 3. Tightening.
Tightening was out I think, no intent there.
If QE was the intent then it WOULDN"T have been at 3:45 so it could impact the markets (I think)
Nothing was going to be negative, but if done earlier in the day would lead to a big downturn faster than they would have liked perhaps. So they do it at the end of the day, the intent is market down, and controllably. So for now... market down at a controllable rate of choice is what a 3:45 pm Nothing speech's intent was.
Come to think of it, when QE IS announced I think it'll be at the begining or middle of the day. Politics.
Maybe time to go long again on the ole hyperweb forex silver trading platform? What do you think of this advice I came across tonight? http://www.guidetosilver.com/silver-trading.html Worth heeding?
Amazing. Ya get junked for an (Opinion)
Same claims of fragile economic recovery that's expected to show improvement despite horrendous data. Wondering if they are expecting a disaster they'll blame for upsetting their fragile recovery hence needing QE3, else how can they justify doing more of the same when it fails.
"Still, the Federal Reserve’s actions in recent years have doubtless helped stabilize the financial system, ease credit and financial conditions, guard against deflation, and promote economic recovery. All of this has been accomplished, I should note, at no net cost to the federal budget or to the U.S. taxpayer."
See? All that at no cost. Why has humanity been so stupid as to actually work when they could've achieved everything with the magic called Fed.
Someone saying this should be instantaneously stripped of any and all intellectual credibility. Instead, we have him as the single most powerful person in the world. We will have to pay for this, people. This is ultimately our stupidity.
Yeah.. until they reverese and take away all those part time jobs with those automated "chose your own meal" computers... coming to a city near you...
Yeah.. until they reverse and take away all those part time jobs with those automated "chose your own meal" computers... coming to a city near you...
This Fed talk is depressing..can someone help me tweet my weiner!
Sure!
8===D
The Markets theme song before Bernanke takes the stage...
http://www.youtube.com/watch?v=DayCrQWJXuI
Lie to me... go ahead and lie to me...
And the classic from the Eurythmics:
http://www.youtube.com/watch?v=Uhpu2N4rQZM
Didn't The Bernank say,"the recession is over" back in the summer of 2009?