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The S&P 500 has managed to get back into the green; VIX is back above 13; and 10Y yields are down 4bps... 'new normal'
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We live in truly scary times.
I shouldn't care because he is a know nothing permabull. But days like these make me so mad at people like Brian Wesbury who claim that QE is having no effect on asset prices.
No effect? How do you look at a markets when "technical" inverses like the VIX are up along with stocks and bonds and still claim that there isn't excessive money supply. What a fucking hack!
It's the decade of all greens.
Green Shoots , Green Trees , Presented by Bernanke - The Green Giant.
Don't forget the Green Sharts.
Green poop.
Green is the new red this season.
All this green is in honour of Irelands (my home country) EU presidency for 2013! Ben knows we dont like red (English flag) so green it is. Thank you Ben for this most gracious honour!!!
"New Normal", until ... ?
The golden question it is. The ponzi goes on though.
... so it appears that you CAN have your cake and eat it!
"I can't believe I ate that whole thing." - 70's AlkaSeltzer TV commercial
everyone thinks that the CAKE is THEIRS but it actually belongs to THEIR KIDS and THEIR GRANDKIDS...yeah keep munching on their future
Almost. What you can have and eat too are pictures of cakes. Even some pies. You can eat an entire portfolio of glossies of cakes and pies when the appearance of something trumps reality and there is zero effective pursuit of true price discovery.
Price discovery now means opening Marketwatch in Firefox, and discovering what Bernanke has set the US 10-yr at.
What else would you expect?
Pavlovian reflex to BTFD will be strong on way down.
Dog will be comming back to eat but there will be no food...
On the other note - I'm surprised why anyone would expect inflation when all 85 Billion goes directly into stock market and not into your or my hands... Plus some idiots using disposable income excess to by along with BS Bernank
Or has it become more like a Skinner Box experiment?
And did the pigeons become cannibals when they stopped getting food no matter how much they pecked the right thing?
yep, it must be morning, because it feels like I got punched in the face again
you forgot to mention the final part to the same old: PMs whacked again too
meanwhile the methodical short squeeze continues - today's candidate (other than the daily usual TSLA, of course) is CRM. Why? Just cause, that's why. Masters of the universe (and the printing press) don't need to answer to nobody
Get ready for the vicious commodities move between 1 and 2pm EST shortly before the WTI options expiration.
Don't let this fool anyone. When a big player has to liquidate equities, which will happen, to stay afloat, it will start the domino effect. It is a matter of when, not if.
Why would they ever have to liquidate in the markets when the Fed will provide them any liquidity they require? In a fiat market they can float it higher as long as they want until people stop accepting the fiat as payment for real goods.
thicket and dead wood all over this economy.. shit is gonna light up the mother of all firestorms .. mabye 2015-2022.
Sheriff Bart: Man print like that and the economy is going to die!
Waco Kid: When?
Shirley you jest!
Don't call me Shirley
This milarky will go on before the average joe profits.
Here is some thought:
In 2011 silver went to $48 when it should have been $35 (+13) and gold went to $1900 when it should have been at $1600 (+300).
This year Silver plunged to $22 = 35-13 and gold plunged to $1300 = $1600 - 300 !
Coincidence or is it a symmetry that might indicate the sell-off is over ?
The "markets" are going red. Something we said maybe?
Oh, it's just that silly Philly Fed thingy.
Could the bulls be any more fucking greedy. Hit the sell button already.
Here, have at it!
http://www.cnbc.com/id/100000942
Tomorrow is a huge POMO day, $4.75-$5.75 billion, as read right here on ZH.
http://www.zerohedge.com/news/2013-04-30/shorting-stocks-these-pomo-days...
horrible philly fed, markets should be totally green any minute.
aapl already has had an 11 dollar turnaround from its -8 dollars today to now up 3. wow, wow, wow. this shit is so surreal
It will take a meteor strike the size of Bernanke's head.
All these bubbles. It's like having a bottle of champagne for breakfast every day.
with a massive POMO on deck for tomorrow, the front runners are doing their thing. at what point do we front run the frontrunners of the fed? that is what will people (or machines) selling INTO pomo days look like?
any weakness today will be 'pre-bought' in anticipation of tomorrow's opex $3billion pomo. may set up to be the peak and a change in the weather with a move towards selling on pomo, buying the deeper dips on non-pomo, then selling.
with no usualy sprintime 5% dip, this summer is setting up to as they say on cnbs, 'consolidate, and move sideways'....in a 20% band that is. 20% volatility in exchange for 2.5% div yeild or a 'robust' 5.5% earnings yeild. yeah thats a good 'value'
You have a good handle on all of this. Do you think that Bernanke is proud of this Frankenstein market that he has created or do you think that he's scared shitless and feels that it's out of control? I feel like we are all missing something because on the one hand I can't imagine how they think this will end well, but on the other it's hard to imagine that a group of people (the Fed) could collectively be this naive (stupid).
So far there are skittle pooping unicorns at the Fed, it's called QE to infinity.
Until the skittle pooping unicorns turn into fire breathing Godzilla s that destroy everything in their path.