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...

0
Your rating: None
 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Wed, 09/26/2012 - 09:58 | 2831642 idea_hamster
idea_hamster's picture

   "Blackhawk Ben Down"

Have I said lately how much I love you guys?

Wed, 09/26/2012 - 10:00 | 2831666 SilverTree
SilverTree's picture

Diminishing Fibonacci returns Bitchez!

Wed, 09/26/2012 - 10:02 | 2831676 Precious
Precious's picture

Helicopters don't fly in outer space.

Wed, 09/26/2012 - 10:05 | 2831697 JPM Hater001
JPM Hater001's picture

"We're going to need more agents."

Wed, 09/26/2012 - 10:13 | 2831745 Popo
Popo's picture

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

Wed, 09/26/2012 - 13:43 | 2832774 12ToothAssassin
12ToothAssassin's picture

How does S&P correlate with M2? There may be a lesson here...

Wed, 09/26/2012 - 10:22 | 2831796 AnonymousCitizen
AnonymousCitizen's picture

Simple really. Rotate 90 degrees.

Wed, 09/26/2012 - 10:25 | 2831822 LULZBank
Wed, 09/26/2012 - 10:28 | 2831839 JPM Hater001
JPM Hater001's picture

Quality

Wed, 09/26/2012 - 16:43 | 2833493 robertocarlos
robertocarlos's picture

Already posted by AC.

Wed, 09/26/2012 - 10:17 | 2831764 indygo55
indygo55's picture

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

 

Wed, 09/26/2012 - 10:26 | 2831832 LULZBank
LULZBank's picture

Everyone in the Fed is a tool.

Thu, 09/27/2012 - 03:45 | 2834670 Colonel Klink
Colonel Klink's picture

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

-Jeff Spicoli

Wed, 09/26/2012 - 10:05 | 2831699 flacon
flacon's picture

Silver is having a rough time too.... 

Wed, 09/26/2012 - 10:17 | 2831767 GetZeeGold
GetZeeGold's picture

 

 

It's called rope-a-dope.......it just looks that way.

 

Wed, 09/26/2012 - 10:18 | 2831774 TheSilverJournal
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.

Wed, 09/26/2012 - 10:02 | 2831678 Dr. Richard Head
Dr. Richard Head's picture

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

Wed, 09/26/2012 - 10:06 | 2831706 WhyDoesItHurtWh...
WhyDoesItHurtWhen iPee's picture

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

Wed, 09/26/2012 - 10:14 | 2831750 Dr. Richard Head
Dr. Richard Head's picture

Back in my whaling days it did. 

Wed, 09/26/2012 - 10:03 | 2831682 idea_hamster
idea_hamster's picture

Diminobinaccez!

Wed, 09/26/2012 - 10:04 | 2831688 SWRichmond
SWRichmond's picture

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

 

Wed, 09/26/2012 - 10:13 | 2831739 DeadFred
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?

Wed, 09/26/2012 - 10:35 | 2831874 RSloane
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?

Wed, 09/26/2012 - 10:35 | 2831875 Bicycle Repairman
Bicycle Repairman's picture

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

Thu, 09/27/2012 - 00:00 | 2834500 hedgehog9999
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!!!!

Wed, 09/26/2012 - 10:09 | 2831703 Mercury
Mercury's picture

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

 

(Ahem...bitchez!)

Wed, 09/26/2012 - 10:35 | 2831877 Muddy1
Muddy1's picture

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

Wed, 09/26/2012 - 09:58 | 2831648 GetZeeGold
GetZeeGold's picture

 

 

My hot printed money....is no good?

Wed, 09/26/2012 - 10:09 | 2831722 LongSoupLine
LongSoupLine's picture

transitory...

Wed, 09/26/2012 - 10:40 | 2831897 XitSam
XitSam's picture

Time-release vaporization

Wed, 09/26/2012 - 09:59 | 2831650 Fist full of CDOs
Fist full of CDOs's picture

We just lost the initiative

Wed, 09/26/2012 - 10:00 | 2831658 GetZeeGold
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?

 

Wed, 09/26/2012 - 10:00 | 2831651 Debtonation
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.

Wed, 09/26/2012 - 10:02 | 2831674 GetZeeGold
GetZeeGold's picture

 

 

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

 

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

Wed, 09/26/2012 - 10:08 | 2831713 krispkritter
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!

Wed, 09/26/2012 - 10:37 | 2831885 RSloane
RSloane's picture

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

Wed, 09/26/2012 - 09:59 | 2831655 slaughterer
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.  

Wed, 09/26/2012 - 10:06 | 2831702 LawsofPhysics
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.

Wed, 09/26/2012 - 09:59 | 2831656 realtick
Wed, 09/26/2012 - 10:00 | 2831659 achmachat
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?

Wed, 09/26/2012 - 10:51 | 2831959 Midas
Midas's picture

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

Wed, 09/26/2012 - 10:00 | 2831660 CosmicDebris
CosmicDebris's picture

<<<-----------------

Wed, 09/26/2012 - 10:04 | 2831689 GetZeeGold
GetZeeGold's picture

 

 

Sure.....what the hell?

 

Wed, 09/26/2012 - 10:22 | 2831723 CosmicDebris
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.

Wed, 09/26/2012 - 10:41 | 2831907 RSloane
RSloane's picture

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

Wed, 09/26/2012 - 11:24 | 2832123 CosmicDebris
CosmicDebris's picture

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

Wed, 09/26/2012 - 10:04 | 2831691 idea_hamster
idea_hamster's picture

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

Wed, 09/26/2012 - 10:07 | 2831709 JPM Hater001
JPM Hater001's picture

*ring

*Drop food

 

Wed, 09/26/2012 - 10:08 | 2831711 GetZeeGold
GetZeeGold's picture

 

 

 I refuse to do as I'm told.

 

....a rebel without a clause.

 

Do NOT follow this link or you will be banned from the site!