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Market Responds To NFP With QE Jitters
It seems wherever one looks post the 'magnificent', 'goldilocks', 'biggest jump in part-time jobs ever' payroll print that markets are shifting in a 'Fed will need to tighten sooner' direction. Everywhere that is, apart from stocks of course...
and for some context, the USD is at six month highs - how will that translate into earnings for Q1?
Charts: Bloomberg
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at this rate we'll hit 6.5% in 6 months
Should be able to do it in 4 months
Right after we balance the budget.
The global recovery is accelerating, just as I predicted. Do you guys have any idea how much freakin' money stock investors are making? Just think. You're sitting there, with an S&P futures position, levered 10 to 1, and a freakin' awesome NFP comes out. All of a sudden you’ve just got 5 points richer, in a matter of minutes. It's time to crack open some champagne and celebrate a bright future for America and all those who kept believing in the recovery. Those who have kept the faith have been richly rewarded and rightly so.
yep and it only costs $85 billion a fucking month.
Only $118,000,000.00 per hour...
for now...
yep, at a cost of almost 2 million dollars per minute - "winning" I wonder who will pay all that back?
That only cost us $360,000.00 per new job this month!
['winning', indeed...]
perfect description of the setup for the next crash. cf minsky financial instability.
MDB,you are Tokyo Rose reincarnated.
Oh dear MDB, you're shooting your jizz over about your pinup leveraged traders and their 'great bets' from your basement room, whilst forgetting that the facebook shares you forced your mum to buy 'AT ANY PRICE' (which at the time was around $50!!!!) are down a further 2% today. LOOOOOOOOOOOOOOOOL.
IF QE is OFF Market should tank, but it isn't. Why this logic applies only for GOLD,
and What JOBS has to to with the price of GOLD?
Absolutely nothing! No correlation there. Cartel Manipulation Bitchez.
Shorts are going to have to hang tight for a few more more months:
Nouriel Roubini: Brace for Market Correction Later This Year
http://www.cnbc.com/id/100535764
Gold & silver will lead. Equities will follow.
Remember, if gold breaks below ~1525, then look for more selling......which means great buying opportunity, if you're not spooked by the sell-off.
BIG FAT REVERSAL in GOLD
The excess selling was a head-fake, so that they could get long while rational thinking would expect it to plumment.
Look at it suddenly turning higher:
http://www.pmbulll.com/gold-price/
This plays to Obama's hand. Watch next month be terrible because of sequester. Yeah baby
Efficient markets, BITCHEZZ!!!!!
For those about to rock: WE SALUTE YOU!
Didn't someone say last night gold would get crushed last night and was then he got pounced on by Zh'ers only to be vindicate today.
It works until it doesn't anymore. Unless we cut over a trillion in spending...I wouldn't get lulled into a false sense of security.
I wouldn't call -0.86% getting crushed.
Gold flat in Euro, up in Yen, only down a bit in GBP. USD still climbing.
Can we mock you more now that it has reversed on the day and it up a tad?
Wait...it's down 8 cents, we can praise you again.
Flat now let the mocking begin.
Oops, drug withdrawal kicking in - Think it's going higher? Think again.
The comedown is always the bitch.
A crash on good news would be different.......
Bullshit Numbers are just what "The Market" needs to confirm its Bullshit.... Bullshit Confirmed, Goldilocks rides on.
Yields surge, and dollars surges?!? Am I missing something thing here?
Higher interest paid makes the US$ the best looking horse... at the glue factory...
Confucius Say : Curreny moves indicate Algo Confusion go to bed with Happy Market wake with Margin Alarm.
http://finviz.com/futures_charts.ashx?t=CURRENCIES&p=m5
The QE junkies heard a rumor that their supply might be cut off.
Yeah like the Bernank can ever stop printing....the "market" seems to forget there is a trillion dollar deficit to fund.
QE. Can't. Stop.
You can convert your bullion to S&P 500 futures contracts at parity now.
Or sell your S&P futures for gold at parity.
Efficient market believer?
Markets are super efficient; Jack issues, Ben prints, and Kevin spends.
It doesn't get much more efficient than that.
I got confused!!!!
Don't fight the Fed and don't fight the tape! Learned that in 1982. The smell of barbecued shorts is now overwhelming! And the gold bugs are getting annihilated which is not good. Wonder how Sprottie is feeling with redemptions going parabolic!
They're making sure every retail stooge possible is in, and do as much damage to shorts/PM bugs as possible before pulling the punch bowl and crashing the markets again....all about doing as much damage as possible!
There are HUGE air pockets in this market. When the "pullback" happens, it'll be fast and brutal.
http://nihoncassandra.blogspot.ca/2013/03/take-zero-hedge-test.html
Tylor what did you do to this younge lady she really doesn't like you. Did you leave her in the hotel room in the morning?
I answered E to everything, does that mean I'm in combat?
Bond yields starting to rise.
OK, Mr. Bernanke -- your move.
Crash the market - yields fall again. :)
Correct, and the primary dealers are frontrunning all of it. Yields will remain range bound until the supply lines break.
NFP# to flummox the sheeple herd, and I don't believe for a second the bond boys actually believe rates are now set to rise, that's nonsense they know better.
ECB's Draghi - that fucker knew of this, I almost had a heart attack with the EUR last night. :) Gotta provide some buffer for the friends & co. /tip hat
When the dollar strengthens like that usually it sends the market down a few hundred points along with oil and the rest of the commodity basket.
At least that is always the correlation they use when commodities go up.
There is no spoon. Reality is what the market makers decide it is.
If 10k people lost $35k jobs two months ago, and decided to get $10 an hour part time jobs this month. 10k jobs were addedd and the employment level is now back to where it was. LAUNCH THE FIREWORKS!!!!!
Walmart, JCP, Sears, etc had their worst February in years, but the economy and employment is doing great.
I did hear Neiman Marcus did well. Oh I guess everyone stopped shopping at Walmart and didn't take minimum wage part time jobs. The 236k claimed people all somehow landed $100k+ jobs so they could all afford to shop at Neiman.
I must be so blind. Middle business is cratering because everyone has become so wealthy from the stock market that they can all afford to shop at Nordstrom. Why buy a Chinese made shirt at JCP for $20 when you can buy a Chinese made shirt from the same factory at Nordstrom for $120. WEALTH EFFECT!!!
US Dollar weekly shows clear up trend.
http://bullandbearmash.com/chart/us-dollar-weekly-closes-up-heading-towa...
While the Yen, Euro, GBP and CDN fall. NFP is fuel for the fire.
KING DOLLAR
(for the next few days)
Bernanke and Draggy really are fighting their biggest fear, the deflation genie. And there are deflationary pressures everywhere in the world we look, manifested best right now in Europe. Japan is the best example of a final, last ditch effort to defeat 3 decades of deflation but by sending the Yen crashing they're inviting higher rates. If rates tick higher by even 1% on JGBs Japan is literally finished. Every single government in Europe is flat broke except Germany. They're not going to get out of that mess by borrowing more and more fiat that is yanked out of Draggy's ass. Italy, with an economy damned near as big as England's hasn't even been dealt with yet and they're flat broke too. No amount of money is going to solve those problems, it just gooses the stock markets for a few months. So I agree with you except that I would have written it this way:
KING DOLLAR
(for the next few years)
Money is moving out of Gold ETFs and into equities. When the lemmings are runnig for the cliff it's time to run in the opposite direction. This is becoming a gold buying opportunity.
Money is moving out of Gold ETFs and into equities. When the lemmings are runnig for the cliff it's time to run in the opposite direction. This is becoming a gold buying opportunity.
+ 1
http://www.pmbug.com/forum/f2/huge-gld-inventory-reduction-contrary-bull...
I love a good sale in the morning, Thanks Blythe!
dumbass muppets
I have never in all my years of trading ever seen such complete absolute denial and misinformation.(not 1987, early 90's,2000) When Jack cuts this beanstalk of a market down, I don't want to be within 100 miles of the shit that falls out of the sky with it!
On 10-7-2007 the day the dow last topped the dxy was trading on the 78 handle. it is now trading at almost the 83 handle. If you don't think Bens funny money hasn't caused inflation then you should commit yourself to the funny farm. the dxy bottomed in early April of 2008 @72, just before the major leg down in the crash. 10 year dxy chart (click on 10 year then hit the back button)
let's face it ZHers, recovery is there, markets are all time high (on crack maybe), people got jobs (duno what they do since industrial output and retail sales are down) and last but not least Bernanke won't stop QE nor Obama to spend ... PERFECT WORLD
Shills Push The Short Term, Pros Dissect The Long Term
http://chartistfriendfrompittsburgh.blogspot.com/2013/03/shills-push-short-term-pros-dissect.html