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S&P 500 Surges Green On EURJPY Exuberance; Treasuries Sold
As we noted earlier, this is not what the White House was hoping for. Thanks to no T-Bill police being at work today and on the back fo JPY-carry trades, the S&P 500 has now joined the NASDAQ in the green for the day having risen non-stop since Europe closed. Treasury futures are selling off notably too (and were higher in yield long before equities went green) - with the 5Y (shortest maturity trading) the worst hit. It's unclear whether the Treasury weakness is just a reflection of equity exuberance or (given the short end weakness) reflects anxiety over the deadline.
Same Stuff Different Day - JPY-carry funding the levitation in hope...
As the S&P fills the gap and takes out the stops from Friday...
and the shorter-end of the Treasury curve selling off more than the rest...
Now - where have seen this price action before?
Charts: Bloomberg
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Only thing that matters is cheap, easy, debt/money. Can you imagine the horror if banks had to pay savers 5 percent on their money? The horror. Take away the punch bowl, and the party is over.
I get 5% on my money loaned to our company in Peru. I wish I had a larger position...
The Fed's ballance sheet has been expanding at 45° for a while.
http://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
(Select 'All' in the lower right to see the time frame from 2007 to today.)
Bullish?
NDLS PE is 440.....no problem here
Who is buying this market?
It's more about what the dollar buys less of, (if you where replying to me.)
Damnit! I'm confused.
I thought we were all supposed to get free healthcare.
That's what he said way back when.
Fuckers
Nobody is really buying this market. Volume is too low. The supercomputers are ramping it up and occasionally suckering in Bears and daytraders. The action of the past week is a lesson in blatent market manipulation. It won't end until POMO stops or the bond market signals enough.
I hope those treasury charts are what it looks like when China starts flushing the toilet.
I can dream at least.
I do not trust the financial markets. Nor do I trust the politicians.
Sell paper. Buy hard assets. Gold, gunz and bearingz....
Monday Humor at its finest.
http://seekingalpha.com/article/1743052-puerto-ricos-debt-crisis-another...
ouch! Puerto Rico to fail.
Yes, all is fine ... "I see dead people" ...
http://youtu.be/OlSd9OURbCE
We need alot more like him
im confused--is there another color involved with the markets?
Yes. Duh.
There's all kinds of colors:
grass green
moss green
forest green
kelly green
chartreuse
etc.
Don't forget Envy Green.
Greenbacks tinged with zydokomuna blood. For contrast.
spas, those are shades of green. dont be such a war mongerer ;)
This is why I no longer play. I thought today was supposed to be a short day? Futures down 107 way early this morning when I checked. Now up 28. Nothing makes sense anymore.
Eight or 9 years ago I was playing by fundamentals, and I understood them regarding the long term (and sometimes the short term), but now that I no longer understand I no longer gamble. Imagine playing poker, but the face cards get to be whatever the dealer says they are. Yeah, it's like that.
HAD I been short, I would have covered almost immediately. Melt-up was pretty clearly in the cards on this low-vol day.
I don't short any more but have to admit friday close was a good setup for a scalp.
sorry. all doom muppets will get slaughtered soon. a rise in debt ceiling will happen in time. all this fuckery is just a cheap show to keep the algos fed.
big run up in last quater. happy holiday shopping all. dont forget to buy your ugly kids the new xbox.
gold isnt getting monkey hammered.... yet....
"Treasuries sold" - to whom exactly? I still see billions of unfunded liabilities and paper promises
i dont fucking get it, even if they did reach a fucking deal, i thought that was the 500 pt rally pricing a deal in, so why the fuck do the markets go higher and higher.
i cant fucking take this. they can come out of the whitehouse after the meeting and not have a deal, but these fuckers will see progress is being made and the market will rally a few 100 pts again.
Men, there are other choices out there:
1. Poker - not a trackable tax on this yet provided you cash in under a certain dollar amount - for instance the venerable & distinguished Oaks Card Club and California Grand Casino have a threshold of up to $1999;
2. Auctions - not tracked to date as it is impossible for the God-Damned IRS to determine a cost basis.
So quit your chorus of bitching already.
Looks like a rising wedge, and a desparate one at that.