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Stocks Slide As Factory Orders Beat Expectations
A better than expected Factory Orders print at +2.1% (versus 2.0% expectation) and preior levels revised higher has provided just enough good is bad news to cancel the bad is good news from the ISM miss. Orders were led by a seasonally adjusted 13.7% rise in defense (sequestration?) but inventories remain flat even as shipments rise 1%. IT new orders dropped 2.9% unadjusted and computers and electronics dropped 3.7%. What a market...
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LOL. you called this a market.
Ha ha. Bingo!
The trading venue that shall not be named ...
'Good shall be called bad, and bad shall be called good...".
Bifurcations, that is what you are seeing. Read about cell automatas. It will be fun to see how people explain the unexplainable.
On another topic, the bad is good and good is bad proves that investors already KNOW for certain that we are in a bubble thanks to the Fed. Apparently the only ones that don't know are most members of the FOMC.
"what a market..." might also be termed "what a central bank policy statement disguised as a market..."
"Stocks Surge"- posted at ZH at 9:55
"Stocks Slide"- posted at ZH at 10:09
WTF...
This is just noise on a minute price chart eh ? Hardly headline grabbing unless you're some sort of bored scalper clipping big lots. And even then moves like that are numerous throughout the day....
LOL. Success is uber-bearish
Whadoya mean? 10 minutes before this post was this "Stocks Surge As ISM New York Collapses To 4 Year Lows"
Looks like a Bloomberg headline capture or something.
The trading venue formally known as a 'market'.
What a ... what did you call this thing?
they did not slide for long.
The bubble mentality in the US is insane. Just look at TSLA up 5%-10% a day it seems usually trading 10% of shares outstanding. Amazon, still losing money, miss every quarter, about to take out another high. Etc, etc.
And yet the American economic commentators and hedge fund managers are engaged in a constant game of calling out bubbles overseas. It's one big global US-centred bubble. Bring it down already!
Taper on...taper off..taper on...blah blah . talk about a broken schizoprenic market.
I'm not going to lie. I haven't got a clue what is going on anymore. It seems that there are now at least two factions within the Fed Res system that are fighting for control, and more than two factions on Wall St. that are fighting over the handles of "power".
In reality they are fighting over who gets to do what with the printing presses and not actually power, but idiots will always be idiots and they will always believe in ridiculous notions.
Nid, just my thoughts but...no one is fighting. It's QE4eva. What we see is perception management.
You want the tell? Remember when the 10yr was marching up to 2.7%? Remember Santelli, Dick Fisher, Gross and Gundlach got into a 4 car pile up as they raced to the microphone to scream that the fed was not going away and they would not taper?
Now that things have settled back down they can slowly resume their roles.
I think the perception management is just there to show the public that they all get along together, but when behind the curtains they are going at each other with daggers and sabers. I honestly think that the cartels are factioned and some of the factioning is showing now as the whole game is coming apart.
Correct.
it's been a long time, since after MFG collapse that infighting started
MFG was supposed to be the trigger, but it didn't happen
The mother of all crashes ends this one.
dont blame bernanke for a stock market crash.....he has an exit strategy which his successor won't adhere to
http://www.youtube.com/watch?v=Q3-a4qWCtIg
I'm wondering if the market would rocket higher or plummet if one Winklevoss kills the other in a mad grab for the others ego.
The fact those two exist is enough for me to condemn the stock market and the entire system that supports it forever.
What a racket...perception deception...
WTF ZH - market is up 8pts.
and gold is down $9
move along. It's just the same shit.
off the highs, once the good news came out, the market went down.
yup - he spoketh too soon - quick drop & rocket up, per normal
Today is finally starting to make sense to me:
English rude word enters German language"Duden, the equivalent of the Oxford English Dictionary in the UK, said it was reflecting the common use of the word "shitstorm" among Germans."
http://www.bbc.co.uk/news/world-europe-23142660#sa-ns_mchannel=rss&ns_so...
There's a shitstorm a brewing and them regular type umbrellas ain't gonna protect you.
"Orders were led by a seasonally adjusted 13.7% rise in defense (sequestration?) "
Defense sequestration is mainly about changing (lowering) personnel requirements in the long term. They will continue to buy/waste monies on stuff. Less payroll means more money for stuff, it's their (those that remain) nature.
I think Cadbury could file a multi billion dollar lawsuit against Wall Street for copyright infringement. They own Bubblicious but the stock market has more than stolen that trademark away from gum.
Noodles and Company hit $50 after going out at an IPO priced at $15 last week. No bubble there.
The food there sucks but everyone keeps calling it Chipotle 2.0, which means it should be trading at $300 a share by September.
What used to be "distribution" (quick ramp, hold, sell into high level all day) has now become the Fed's method of accumulation (quick ramp, hold, buy everything at the ramped level).
If you're a guy onWall Street and you're watching this play out over and fucking over again, you've gotta be living a nervous existence...
looks like push is on for further squeeze on those who dare to short ... yesterday it was outperform calls on commodities and BBY. Today it's outperform ratings on YELP and ANGI ...
Yep - the rampapalooza, bad news is bullish, MO POMO, Fed run shit show is working its magic again.
They just ran out of squeezees. Taper served a dual purpose - cool off the equity/housing specs and squeeze the front running t-bond longs.
is is a CASINO
speculation overpowered any fundamentals.
when we make money not by hard work but by creating new ways to scam well that is what should be expected
If intent is for higher prices , buy it.
If intent is for lower prices, sell it.
Bless the financial commentators, the more confusion they pump out , the better the herd is confused !
Never confuse market intent with price.
"I got it bad (and that ain't good) -- or, is it ?"
(A confused Duke Ellington)
Turn on the T.V. and it's the same dialogues, catch-phrases, and yammering.
I see monsters and crazy people; over and over and over.
"Orders were led by a seasonally adjusted 13.7% rise in defense..." The drone market will carry it through, still plenty more of them to be built for use over Amerikan soil.
I can't help but wonder if Krugmans Hypothetical alien army wiped out every major U.S city while somehow sparing New York. Would we be at DOW 50k or DOW 51k?
So essentially the entire markets - be they stocks, FX, PM or bonds are now completely disjointed from economic fundamentals and now move counter sequential to potential and/or lack there of additional support from the Fed in the form of QE.
I've been reading you guys night after night and I agree that PM will be the ultimate beneficiary over the long haul, but might be moot point if we can't remove ourselves from the QE tar baby.
The higher the distortion frequency/length the harder the crash (see ChiComs for details).