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Post-FOMC: Market Un-Response

Tyler Durden's picture





 

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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Wed, 03/20/2013 - 14:24 | Link to Comment Edward Fiatski
Edward Fiatski's picture

Help us Ben-Kenobi, you're our only hope.

Wed, 03/20/2013 - 14:30 | Link to Comment kliguy38
kliguy38's picture

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

Wed, 03/20/2013 - 14:36 | Link to Comment Divided States ...
Divided States of America's picture

Aint the fuckin Japanese sleeping right now?

Wed, 03/20/2013 - 14:41 | Link to Comment FL_Conservative
FL_Conservative's picture

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.

Wed, 03/20/2013 - 14:30 | Link to Comment Divided States ...
Divided States of America's picture

The Farce is strong in this one.

Wed, 03/20/2013 - 14:31 | Link to Comment Edward Fiatski
Edward Fiatski's picture

Whoah, Bernanke is looking healthy today!

http://www.ustream.tv/federalreserve

Wed, 03/20/2013 - 15:07 | Link to Comment goldfish1
goldfish1's picture

doubled up on the xanax or prozac...

Wed, 03/20/2013 - 15:11 | Link to Comment slaughterer
slaughterer's picture

Why are PMs responding so lamely?

Wed, 03/20/2013 - 14:25 | Link to Comment fonzannoon
fonzannoon's picture

patience. here comes the rip.

Wed, 03/20/2013 - 14:29 | Link to Comment Stoploss
Stoploss's picture

Funny, they must have ZH up on 9 or 10 monitors.

 

They're trying to front run us.

Wed, 03/20/2013 - 14:31 | Link to Comment Divided States ...
Divided States of America's picture

The fuckin Jbag speaks once again....that shiny big bald head is definitely looking for a baseball bat to connect with.

Wed, 03/20/2013 - 14:28 | Link to Comment Village Smithy
Village Smithy's picture

"the Great and Powerful Oz is about to speak." You could not put a better name to that arrogant little man.

Wed, 03/20/2013 - 14:31 | Link to Comment toys for tits
Wed, 03/20/2013 - 14:26 | Link to Comment ghostfaceinvestah
ghostfaceinvestah's picture

here it comes

Wed, 03/20/2013 - 14:28 | Link to Comment squid virtuous
squid virtuous's picture

it was a delayed fed-jaculation, almost as dangerous as a premature shalom-gasm

Wed, 03/20/2013 - 14:27 | Link to Comment WTF_247
WTF_247's picture

non response down = guarateed up - just rocketed 5pts on ES for the free money.

Wed, 03/20/2013 - 14:27 | Link to Comment Cursive
Cursive's picture

No change was priced in.  This market would implode by 20% overnight if BernanQE removed the punchbowl.

Wed, 03/20/2013 - 14:27 | Link to Comment ziggy59
ziggy59's picture

The Farce is strong in the Dow

Wed, 03/20/2013 - 14:28 | Link to Comment Father Lucifer
Father Lucifer's picture

and there it goes

Wed, 03/20/2013 - 14:28 | Link to Comment fonzannoon
fonzannoon's picture

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?

Wed, 03/20/2013 - 15:06 | Link to Comment goldfish1
goldfish1's picture

No questions.

Wed, 03/20/2013 - 14:28 | Link to Comment SIOP
SIOP's picture

that was the biggest un-response I ever saw.

Wed, 03/20/2013 - 14:29 | Link to Comment PartysOver
PartysOver's picture

Open Bar, Free Booze, get you some!!!!

Hosted by Mr. Ben Bernake

Wed, 03/20/2013 - 14:34 | Link to Comment PUD
PUD's picture

GUESS FED EX AND CAT CAN TURN GREEN NOW DESPITE HORRIBLE EARNINGS AND GUIDANCE

Wed, 03/20/2013 - 14:37 | Link to Comment swissaustrian
swissaustrian's picture

Underlying economic conditions don't matter any longer.

Wed, 03/20/2013 - 14:39 | Link to Comment squid virtuous
squid virtuous's picture

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

Wed, 03/20/2013 - 14:43 | Link to Comment Catullus
Catullus's picture

Dude, Largarde is toast too. Two IMF chiefs in a row will resign.

This is like the Insurance Secretary job in Louisiana.

Wed, 03/20/2013 - 15:00 | Link to Comment Beam Me Up Scotty
Beam Me Up Scotty's picture

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.

Wed, 03/20/2013 - 15:27 | Link to Comment Downtoolong
Downtoolong's picture

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. 

Wed, 03/20/2013 - 15:27 | Link to Comment Clint Liquor
Clint Liquor's picture

The markets have become 'comfortly numb'. It makes me nervous.

Wed, 03/20/2013 - 15:43 | Link to Comment Billy Shears
Billy Shears's picture

May the farce be with you!

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