Blackhawk Ben Down: Stocks Have Now Faded QEternity

Tyler Durden's picture

8 days after the rapturous calls of all-in 'Ben's got yer back' so buy-everything (coz retail will support you now and don't forget the beta chase?), the S&P futures have fully retraced the 40 points of S&P spikeworthiness that Ben's FOMC QEternity statement provided. Treasury yields are already notably below pre-FOMC levels, as is Oil; and the USD is higher - as Gold holds gains too but is fading.



We can only assume that with all pretense of surprise factor gone now Bernanke has shot his wad, fundamentals (earnings) do matter once again...


and where to from here... 1417.75 then 1398.25 next in ES Dec12...

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idea_hamster's picture

   "Blackhawk Ben Down"

Have I said lately how much I love you guys?

SilverTree's picture

Diminishing Fibonacci returns Bitchez!

Precious's picture

Helicopters don't fly in outer space.

JPM Hater001's picture

"We're going to need more agents."

Popo's picture

I'm trying to calculate the difference between infinity and 8 days.  Can anyone help?   :D

indygo55's picture

But I thought he had "other tools"? We're gonna need more tools.


LULZBank's picture

Everyone in the Fed is a tool.

Colonel Klink's picture

My dad has a bitchin set of tools.  We can fix it!

-Jeff Spicoli

flacon's picture

Silver is having a rough time too.... 

GetZeeGold's picture



It's called just looks that way.


TheSilverJournal's picture

Sell equities and buy what?...bonds?

The market's not rolling over here and neither is silver. It's much more likely we'll see a nice rally. 10 year yields have fallen pretty steep relative to the very small sell off in equities. This shows how much pressure there is for the markets to move higher.

If the sell off is to continue, that means equities will be sold in exchange for bonds, driving yields even lower. Bonds are simply priced too high and the bond bubble will support the stock market.

Dr. Richard Head's picture

This, according to the Urban Dictionary, is known as a bang-over or post-coital remorse.

WhyDoesItHurtWhen iPee's picture

...... does this happen often?  Never heard of it.  ?

SWRichmond's picture

Get ready for the final sag, going into taxmageddon.  Watch for Congressional lame-duck craziness.  Brace brace brace.


DeadFred's picture

and he killed the Bernanke Put to get that much...

If the put is truly gone what will be the better trades when the market realizes that 'down' is once again in the playbook?

RSloane's picture

I will never ever understand why he destroyed the Bernanke put. It was serving his purposes so well. Did he shoot himeslf in the foot for a fungal infection?

Bicycle Repairman's picture

Ben better up his game.  Taxmageddon is coming, he will have to act decisively and failure is not an option.

hedgehog9999's picture

Taxmaggedon compounded by a worldwide recession and for sure a government gridlock no matter who wins. And this is already baked in,,,,,,, I haven't  listed the 10 or so possiible black or pink swans on the near horizon....................................... 

As some would say, reality is fast approaching bitchezz!!!!

Mercury's picture

More like: que the scramble for hard assets as capital preservation becomes the new black.



Muddy1's picture

"Blackhawk Ben Down: Stocks Have Now Faded QEternity",  as have gold and silver, look at the charts.

GetZeeGold's picture



My hot printed no good?

Fist full of CDOs's picture

We just lost the initiative

GetZeeGold's picture



Tim's trophy is a lot bigger than mine.....and he didn't have to do a damn thing to get it.


What gives?


Debtonation's picture

Where's Obama, he needs to hold a press conference and threaten an SPR buyback to keep oil prices from going too low.

GetZeeGold's picture



Where's Obama, he needs to hold a press conference


He just needs to kill Osama.......again.

krispkritter's picture

I just hope they don't hire the director from that 'Innocence...' movie to film it this time. I doubt there's any money in the budget to hire better though. What? We don't have a budget? Awesome! Someone call James Cameron and get a bank from China on the phone!

RSloane's picture

This is no lie. The US killed Osama four times. I would not take a fifth-time play off the books.

slaughterer's picture

"...with all pretense of surprise factor gone now Bernanke has shot his wad, fundamentals (earnings) do matter once again..."

"Other tools" will be hinted for further future  "accomodative measures" by a Hilsenroomer soon enough. ie. unsterilized Treasury purchases.  

LawsofPhysics's picture

with ZIRP and soon to be NIRP they are already monetizing everything in the paper world.  Please, wake the fuck up.  All paper promises are burning, period.

achmachat's picture

that was fast!

my educated guess would have been 4 to 5 weeks!

does this count as some kind of keynesian black swan?

Midas's picture

Must still be early in the morning.  I read that as "kenyan black swan."

CosmicDebris's picture


GetZeeGold's picture



Sure.....what the hell?


CosmicDebris's picture

Ben praying? too small?

Gonna change avatar again. Original post above was supposed to have arrows pointing to pic of Ben praying (or at least it looked like it). My bad.  It was too small to see his eyes closed with hands in prayer position.

RSloane's picture

I like your avatar. I think people were junking Ben, not you.

CosmicDebris's picture

Oh.  lol.  Still getting used to commenting here. Thanks for the heads up!

idea_hamster's picture

Junked: I refuse to do as I'm told.

GetZeeGold's picture



 I refuse to do as I'm told.


....a rebel without a clause.