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Post-FOMC: Market Un-Response
The reaction to the FOMC statement is extremely significant in its almost entire lack of response.
- Pre: 10Y 1.94%, ES 1550, Gold $1606, WTI $92.70, EUR 1.2950
- Post: 10Y 1.935%, ES 1551.5, Gold $1606.5, WTI $92.95, EUR 1.2966
Mortgage spreads widened very modestly; Volume has died; VWAP is your friend; and the Great and Powerful Oz is about to speak.
The FOMC reaction is the tiny little wiggle at the right hand side of this chart...
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Help us Ben-Kenobi, you're our only hope.
You better believe he is. Without the press and the dollar reserve status this whole house of cards comes down. Pay attention to Europe, they can only keep that pig up so long and they're coming apart at the seams. They're in the process of imploding and wash rinse repeat cycle about to commence......ala 2008.....only bigger this time. gl
Aint the fuckin Japanese sleeping right now?
When do the Cypriots vote again to flush this "finless brown trout"? I think the ECB will be called on this, as Russia will stand behind Cyprus and allow them to tell the ECB and EU to go fuck themselves. Ask Iceland how this will work out.
The Farce is strong in this one.
Whoah, Bernanke is looking healthy today!
http://www.ustream.tv/federalreserve
doubled up on the xanax or prozac...
Why are PMs responding so lamely?
patience. here comes the rip.
Funny, they must have ZH up on 9 or 10 monitors.
They're trying to front run us.
The fuckin Jbag speaks once again....that shiny big bald head is definitely looking for a baseball bat to connect with.
"the Great and Powerful Oz is about to speak." You could not put a better name to that arrogant little man.
Maybe Dr. Evil?
http://www.youtube.com/watch?v=jTmXHvGZiSY
here it comes
it was a delayed fed-jaculation, almost as dangerous as a premature shalom-gasm
non response down = guarateed up - just rocketed 5pts on ES for the free money.
No change was priced in. This market would implode by 20% overnight if BernanQE removed the punchbowl.
The Farce is strong in the Dow
and there it goes
The fed actually released two statements today. They reiterated their statement to the middle class which was "fuck you. die"
They reiterated their statement to the 1% which was "we're rich biatch!!!"
any questions?
No questions.
that was the biggest un-response I ever saw.
Open Bar, Free Booze, get you some!!!!
Hosted by Mr. Ben Bernake
GUESS FED EX AND CAT CAN TURN GREEN NOW DESPITE HORRIBLE EARNINGS AND GUIDANCE
Underlying economic conditions don't matter any longer.
exactly, the new bell-weathers are now Linked-In, Zynga, and Group-grope...and if they shit the bed we'll find some new ones
Dude, Largarde is toast too. Two IMF chiefs in a row will resign.
This is like the Insurance Secretary job in Louisiana.
Don't worry about her, I am sure she has a nice golden parachute to sail off into the sunset with. Just like all of the rest of the fuck ups that are out there screwing up the world. They make bank no matter what happens.
Market Un-Response
No real buyers, no real sellers, and just one algo left which is still trying to figure out how to trade with itself.
The markets have become 'comfortly numb'. It makes me nervous.
May the farce be with you!