This page has been archived and commenting is disabled.
The Market (Over) Reacts...
UPDATE: Of course, it wouldn't be the US equity market if it didn't instantaneously rip higher and revert to VWAP after the high volume drop...
Stocks - sold; Bonds - sold; Gold - sold; USD - bought.
»
- 12104 reads
- Printer-friendly version
- Send to friend
- advertisements -
This is a VERY concerning case of schizophrenia. Quick, let's get the electro-probes and antipsychotics and lets get this treatment started, STAT.
http://goldsilverbitcoin.com
They're using a broom handle instead of a taper, it hurts more that way...
This is a bankster junky warning: Dont take away our monetary heroin or else the economy gets it!
Welcome to the new era. We've had 2-3 years of "Good news is good and bad news is good."
Time to pay for it with some time in the land of "Bad news is bad and good news is bad."
Hahaha, I don't think most get the fact that a taper is a candle. Well played sir! What the sheep haven't figured out is it's a push broom handle and they're shoving from the head. We have a long way to go and it's gonna hurt.
The presser at 2:30 pm will be a BIG BUMMER :-(
my bad, I fat fingered that last one.
I didn't catch it- what did B Shalom say? SELL SELL SELL?
They create $85 bn of crispy paper every month and the price of gold expressed in that devalued crap is falling.
Fortunately my PhD in economics is helping me overcome this seeming irrationality. Because they choose to continue, there is no reason to worry and therefore nobody wants gold (probably silver, too).
Please do not worry.
EVERYONE REMAIN CALM! DONT PANIC! EVERYTHING IS UNDER CONTROL!
Oil Bitchezz!
Oil Bitchezz!
See. You're double posting. Overeaction.
Bernanke and Obama won't let a summer of outrageous gas gouging mess up the "subdued inflation threat". I'm sure the Fed has quite a few barrels on its balance sheet and my bet is they will try a dump (like they did with gold) to instill a little fear in he fast money crowd.
Raise your hand if you're driving. Yeah, that's what I thought.
Close, I was actually filling up.
Bernake will not "taper" on his watch... no pull back until he is replaced, and we are uncertain they will pull back with the new chairman.
Bernake will not "taper" on his watch... no pull back until he is replaced, and we are uncertain they will pull back with the new chairman.
Hilarious. Market tanks in 5 minutes - recovers in the following 5 minutes.
Such a fucking mess.
Just shows you how quick and brutal movements can be with people fleeing positions. Imagine that's why they modified the market stoppages in anticipation.
All this gyration about a FED announcement for an economy that is supposedly improving and unreliant on QE.
It would be funny if it weren't so tragic.
"Mr. Bernanke, what are you afraid of?!?!"
LMAO. These markets are so fucking broken. Great job, Federal Reserve! Fuck you.
You better get to work on that ten year Mr. Chairman. It's at the top of your range.
I once knew a man that said 2.35% by the end of the month Doc. He was tarred and feathered and was subjected to public floggings. Who was that man doc? who was that man?
That would be you. But I recall you saying 2.75 by the end of summer. I have to admit, either way, you're looking uncomfortably close to correct.
I thought that man said 2.75%. Was I mistaken?
haha I talk too much. I had 2.35% by the end of the month and I do have us heading above 2.5% and maxing out towards 2.75% in the next 3-6 months...barring the big whopper that we all think has to be coming.
Fonz- you may be right by the end of the day, not the end of the month. Just touched 2.29. After some mulling around, the markets decided they really didn't like ANY of this crap. Everything's being sold.
http://blogs.barrons.com/incomeinvesting/2013/06/19/10y-treasury-yield-hits-15-month-high-2-35-as-fed-day-ends/
Hat tip Fonz.
Daniel Kruger and Cordell Eddings, SFGATE, SF Chronicle
Expectations for the date of the Fed’s first increase to its benchmark interest-rate target will influence the path of 10-year Treasury yields, said Jim Vogel, head of agency-debt research at FTN Financial in Memphis, Tennessee.
“What’s imbedded in the short market about Fed expectations drives 10-year yields,” Vogel said in a telephone interview.
“If money-market forward pricing moves the expected date one meeting from March to April 2015, the fair value on 10s falls to 2.025 percent,” Vogel wrote in a note to clients published today. “If it shrinks to December 2014, look for an increase to 2.35 percent.”
http://www.sfgate.com/business/bloomberg/article/Treasury-10-Year-Notes-Decline-Amid-Speculation-4609978.php
"liquidate labor, liquidate stocks, liquidate farmers, liquidate real estate... it will purge the rottenness out of the system." ---Andrew W. Mellon
2.26 yield on the 10-year? Looks like something didn't "bounce back."
It's reflecting growth nodebt. The economic forecasts have shown increased growth, and the fed always nails those forecasts. Anyway it's morning in America. Rejoice.
Growth! Of course! Here I was ascribing the move to a lot of other bad things, when it was really driven by only one good one! How could I be so stupid?
UPDATE: Just touched 2.29. Growth expectations must be shooting to the moon!
leak
Gold has now collapsed a full $0.60, and silver has crashed by $0.05. Batten down the hatches, bitchez!!
Meanwhile, riots in Brazil over inflation, and the Arab Spring brought about by inflation in the Middle East, but the FED says there "is no inflation" so there must not be.
LIES!
Having the Reserve Currency means you reserve the right to export your inflation outside your own borders.
Pretty fun watching stocks and bonds go the same way. Some banks are really trying to force the Fed increase their monthly allowance.
Fuck you Bernanke!
Good bye bond market....hello higher yields
Growth my arse...the bond market is saying "enough QE you morons!"
Fonz, you may get 2.5% this week IMO
These rapid oscillations in the market immediately before and since the FOMC decision was announced can only mean one thing: The algos have caught on to the fact that Men's Warehouse has shitcanned George Zimmer... Its every man for himself now.
....I guarantee it!
....and you're gonna like the way you look....
Bernie is so fuckin nervous, I have never see him like today.
www.dailyjobcuts.com
USD? Really? What do the Kings of the World know that we don't?
Seriously folks, what scenario(s) makes perfect sense* for this? USD --> SDR?
I refute people's claims when they say that things "make no sense". What they are really saying is: "... makes no sense -- within my existing knowledge or model". This then forces the question of "existing knowledge" and "existing model". Either knowledge is missing, or the model is wrong to explain things perfectly.
Only in hindsight, when key knowledge comes to light or a better model come along, do we admit that it was "obvious all along".
Naturally, talk of ongoing money creation leads to further decline in gold prices.
Fuck You, Ben.