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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Edward Fiatski's picture

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

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

Divided States of America's picture

Aint the fuckin Japanese sleeping right now?

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.

goldfish1's picture

doubled up on the xanax or prozac...

slaughterer's picture

Why are PMs responding so lamely?

fonzannoon's picture

patience. here comes the rip.

Stoploss's picture

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


They're trying to front run us.

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.

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.

squid virtuous's picture

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

WTF_247's picture

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

Cursive's picture

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

ziggy59's picture

The Farce is strong in the Dow

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?

SIOP's picture

that was the biggest un-response I ever saw.

PartysOver's picture

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

Hosted by Mr. Ben Bernake

PUD's picture


swissaustrian's picture

Underlying economic conditions don't matter any longer.

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

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.

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.

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. 

Clint Liquor's picture

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

Billy Shears's picture

May the farce be with you!