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Gold Up, Bonds Up, USD Up, VIX Up... Dow Up
Stocks bounced off yesterday's lows on the "no" vote from Cyprus led by a miraculously visible hand smashing EURUSD (and implicitly EURJPY) higher instantaneously (BIS or banks repatriating in a hurry). That faded after S&P 500 futures touched VWAP and major volume was dumped but stocks, after an ebullient morning reaching into the green from Friday, fell back once more, only to exhibit the low-volume liftathon on ECB 'no news' to green into the close (for the Dow). Treasuries practically ignored the hyped up pump in the last hour and ended at their lows yields of the week (down 10-13bps) - 3-week lows. VIX surged on the day but drifted back a little into the ramp ending at 14.5% +1vol. FX markets reverted like stocks in the afternoon but the main theme is EUR weakness and JPY strength (carry-off) and despite the USD strength, gold pushed higher to $1612. The S&P and Nasdaq ended the day red (at VWAP) while the magic of the Dow closed it green - once again hedging dominated actual selling for now.
S&P futures closed perfectly at VWAP - now that is human eh?!!
as the Dow leads on the week...
VIX protection was heavily bid all day - and market breadth stayed in line with indices - suggesting participants were more hedging than selling (for now)...
Treasuries are not at all excited about this into-the-close pump in stocks...
as FX and commodity markets were relatively calm apart from their V-Fib moments...
and summing up across all risk asset-classes, Capital Context's CONTEXT model shows what FX, rates, commodities, and credit thought of the afternoon pump...
Charts: Bloomberg and Capital Context
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Press Release From The FED:
After retiring in 2014, Chairman Bernanke plans to open a Maternity Store in partnership with his Tax Consultant, Tim "I Suck Dicks" Geithner.
The store will be named, "I Fucked Your Grandmother Dot Com". The Chairman will start accepting Job Applications only after the Unemployment Rate hits 40%.
Yours Truly,
The Man.
http://wallstreetfool.com/2013/03/19/market-collapse-in-the-first-half-o...
A dam nuke can hit NYC and the DOW will still close green. FUBAR
Up up and up and up then down , down down to the ground.
Maybe so, maybe no, maybe maybe?
Into the sixth year of the clusterfuck, and still ticking. Tick tick tick......
Yay! Everybody wins! Trophys and ice cream all around!
Buy everything because we're not Europe?
Hah. I'm afraid the answer is: * Buy Gold and Silver because we we'll print the money in an effort to save Europe *
Amazing that you can still buy bullion bars and rounds for well under $1.00 over spot:
http://www.pmbull.com/silver-price/ <- New York re-opens higher.
Let's see what it does tonigh, cuz that'll tell us what the real deal in Cyprus is gonna be.
Nothing like a strong USD to water those 'Green Shoots'....hahahaha!
first a pump preceeds a dump.
I junked. Allow me to explain. Your post references a phenomenon often called a "market pullback". I've read of these.
In any event, the attached clip scientifically analyzes and debunks these happenings. It is brief, yet unfortunately, it IS intended primarily for those of an advanced intellectual capacity.
http://www.youtube.com/watch?v=jllJ-HeErjU
How can that stupid bitch no buy the dip - buy the fucking dip nao, bitch! Argh, fucking idiots ruining the trade for the experts...
I remember back around 1998 that seniors and middle aged investors would ask financial advisors for that thing that only goes up in value - the S&P 500 index or something. Totally pimped by CNBC and the media at the time and all the time. LOL!
The poor pubic gets screwed by the elites.
will they accept bitcoin?
bitcoin...
http://www.youtube.com/watch?v=_9L2DlR7L1U&sns=em
When does Obama assume the position at the "Wailing Wall" is that tomorrow? Between that and the Shalom taking center stage will be an interesting display of who's really calling the shots...not to mention the recently more important news flow from the Goldman stooges in Brussels
Late day shenanigans aside, today was actually fairly tradable, god forbid. Well-defined moves at the standard times (9:55, 10:30, pausing at 11:00 for a "buy-the-new-low" before the plunge continued. 1:30 march back toward VWAP, aided by a planted headline, but it was on its way anyway -- we can't really expect another negative Dow close until next month. Could it be the profession of trading has returned, and should we still put in our applications at Papa Johns? The answer, of course, is "Yes."
The ECB is promising some liquidity with help from IMF.
As the ECB actually said it:
WE PISS ON THOSE CYPRIOTIC SERVS!!
So if that kind of goldshower is liquidity to the market...
Though you're probably closer to the truth, my initial thought on the true source of the "L" word for Cyprus was that they had to be talking about vodka.
I sincerely hope you're right, EclecticParrot!
DavidC
Dollar up, Dow Jones up: Maybe investors have more faith in the U.S. respnse than they do to the Euro response?
Rehn strong arming every European State on the periphery is taking a toll on confidence.
When your ship is sinking the slowest, everyone wants on board
Bernanke is using proper monetary policy; he is doing it by the book; maybe Europe should take a page from it.
Yes, by the book of Joseph Stalin.
Proper monetary policy is QE'ing $85 billion dollars a month when the stock market is at an all time high? How is that logical to you?
The Federal Reserve's dual mandate has absolutely nothing to do with stock prices.
Here - learn something:
http://www.chicagofed.org/webpages/publications/speeches/our_dual_mandate.cfm
your telling me the FED's purchases of these "toxic assets" from the banks are not hitting the banks book and inturn reinvesting there cash into the market?
What are they doing with then?
You do know that you are arguing with RoboTrader's transvestite grandmother, don't you???
Hey Paul, I know you got a Nobel prize and everything, but you might in fact be * wrong * about the direction we are headed in and the usefulness of central banking.
Here - learn something:
http://www.mises.org
we are using the 19th Century one
...and wipe our asses with it.
by the book.. lol..
seriously though, I think the name of the game is to push your neighbors currency higher as a way keep your own currency down. europe should have plummeted after the cyprus operation. But, it didn't.
If you're forced to hold a stinky bag of shit, you hold the one that isn't on fire.
But Ben thinks that his shit don't stink.
For all of you that think this guy is actually real.....he is a psyop composed of several assigned to this blog
http://www.au.af.mil/au/awc/awcgate/psyops/e-psyops.pdf
And here I thought he was just an asshole.
nahh.....just another junior G man betraying his own countrymen and their illusions
The Fed cannot retrieve the 3+ trillion of liquidity it flooded the world with the last 5 years, and takes a page out of the EU handbook and gives depositors a 10% haircut ala Cyprus. What do you think of that hypothetical Paul? Never in America?
They won't need to; they will unwind when their mandate has been met.
So where do we go from here? Straight up? Any guesses?
Cramer is on at 6, and Krudlow at 7... my guess is they will be fairly bullish, but wait for the confirmation...
Who knows, the DOW might acutally shed half a percent when Cyprus defaults
now I understand why the NSA spies on people on the internet... this kind of wild wolf... speculator kind of talk is evil! you are clearly a terrorist!
half a procent.... HOW DARE YOU!!! IT'S NOT IN THE SCRIPT!!!
Do you really want the derivative bomb to explode?
SEE?!?!?
You made me use the bomb words!!!!
Now my post also on the screens of the NSA!!!
NOW WE'RE ALL DOOMED!!!!!
jihad, nuclear bomb, sniper, gas, hollocaust, zionists, arian, plutonium, rifle, Micheal Jackson
hohoho in my case i would be glad if it only were the NSA...i doubt they are allowed to frontrun trades after the sequester
How about "founding fathers" or "Bill of Rights"? Oohhh...scary...
DO YOU WANT THEM TO SHUT DOWN ZEROHEDGE??!?
you dont have to worry, the NSA has been outsourced to Bejing now and you make their brain movies head expole sexy.
I intentionally type in and search for random stuff on google. You'd be amazed by what you can find by typing "hfhvuajqwo," for example:
https://www.google.com/search?q=hfhyuaigwo&ie=UTF-8&oe=UTF-8&hl=en&clien...
Also, I am a lesbian for habitat of humanity trapped in a man's body, as far as the NSA is concerned.
Are we at DOW 35000 yet dad?
We will soon SD, now go buy some Ipods to pull your own weight.
BTFDtoVWAP is the new trade ...
So what. We now have a new horsemeat processor coming on line in 3 weeks in New Mexico.
I knew we were going European,
Good news: Assault weapons ban won't make it to final gun control bill....
http://www.theblaze.com/stories/2013/03/19/fein-stymied-assault-weapons-...
Too bad, so sad.... large-capacity magazines might be another story
Fight ain't over. They will be trying to attach many of the Feinstein provisions as amendments...
the magazines may go....
http://laststandonzombieisland.files.wordpress.com/2013/02/magazine-clip...
NOW LET'S GET CREATIVE ON THAT NON MENTIONED CLIP THAT CARRIES 32 rounds!!!!
Feinsteined again!
Another day of fraud and deception in the Wall Street cesspool of thiefs and liar!
Covered my short, flat in cash, green on the year after weeks of pulsing headaches watching the SPY whinge up .17% every day.
I like how gold and gold miners look here. Sinclair said today that since the 'bail-in' experiment has been jammed up the technocrats' asses and snapped off, the reason to short gold is out the window.
Just stop playing their paper games. It's like leaving a religion. Once you see behind the fraud, you can only comment on it but you can't contribute or support it.
How to make mo money without using yo money
http://youtu.be/7jukQX2pl2Q
see also:
EVERYTHINGS COMING UP ROSES!
http://youtu.be/s62MrU8mHx4
Yep. Brokers getting fired for being too conservative at 80-90% in equities. I want nothing more than for this whole game to end so we can build something that works for all.
Give Up.
Resistance is futile serfs.
DOW = Sheeple Meter
Keep stacking my friends.
You missed one Tyler: Bitcoin up. 1 BTC = 2 oz Ag