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Liftoff: Debt Ceiling Resolution Rumor Sends Russell To New Record Highs, ES Soaring
The USD is bid; Treasury Bonds are being abandoned; the 10/24/13 Bill remains lost though; but stocks are entering escape velocity. S&P 500 has screamed 15 points higher (no surprise given Nanex noted that S&P 500 futures had the lowest liquidity of the year for this time of day prior to the rumor) and the Russell 2000 has broken back to new all-time highs (why not). Of course JPY-crosses are largely responsible for the knee-jerk move and we wait to see if this becomes a sell the news moment (or for Boehner's denial)... Commodities are not moving much for now.
The Russell 2000 "growth is awesome" ETF has hit its all-time high...
and S&P futures went vertical but are giving bacxk some of the gains now...

and if you wondered who was buying... wonder no more... it's all about the JPY carry trade!!
Charts:Bloomberg
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There is nothing like a limp boehner fucking you.
Give in more... deeper! ....deeper...
So THIS is what a USA bailout looks like. Start the printers, Janet.
BTFATH!
This is too much. All the indexes will pop by 2% or moar from whereever they are when they finnally make the "deal"
WTF
I'm going to go out and buy a new 60" Super-HD TV, a new iFone-2013s, a new car, and moar.
How is it "giving in", when it's part if the script?
Boehner you TWAT
Like the agreement reached is going to flush away all the remaining issues in the markets. The markets are forgetting that raising the debt ceiling is simply deepening the whole fucking US and $ crisis. These markets have surpassed even Disney's Fantasia , for sheer fantasy and make believe.
Peak insanity version 963.72
<Fasten your seat belts ladies and gentlemen. The end of empire fun has only just begun.>
This is so exciting! Its like watching "the fat lady" loudly fart instead of singing.
The can is kicked again and the pillaging continues. Nothing ever changes.
Let's head 'em off at the pass.
<-- USD crashes in 3 month
<-- USD crashes in 3 week
<~~~~ 3 years
<~~~~Fuck if I know, but buying physical assets anyway
I say 3 month. Because: The can shall be kicked! So let it be written, so let it be done!
Yeah , maybe the can will be kicked some more ( what's left of it ) but they soon going to be running out of road .
<-- USD already is crash, just is take time for dollar in soft asset to descend from it bank-o-sphere to chase hard asset. Next QE is mnemonic for "Quick, Exit!"
Quick Extinction
TPTB are planning a nuclear event to lower the population that'll seek retribution for the theiving of assets from the populace. That's the reason for forcing out the head of the US nuclear arsenal. He is to be replaced by someone without a conscience, and has no problem pointing nukes at US citizens.
How about in 3 hours???
<--I don't gamble in the stock market
<--I hold mining stocks,and enjoy getting punched in the nuts on a regular basis.
Ha ha ha! You are smart funny!
Guess they didn't need a market crash to force capitulation. Capitulation was the plan all along.
If this doesn't make the deep rot and corruption of financial markets obvious to everyone nothing will. And to think Americans constantly prattle on about corruption in the developing world ...
We should all be thankful that gold is lower on the rumor.. like a turtle.. be steady, slow and steady, gather what gold and silver you can while you can. Not only does this buy gatherers of hard money time but at lower prices..just be thankful. I hear a lot of pain between the lines of the ZH commentaria which tells me many are not positioned right or prepared. Find peace of mind by dollar cost averaging yourselves away from the mirage.
Welcome to the American circus! We are a country built on lies, games and deception. What a change from freedom, manufacturing and high moral standards.
- Nail on head, MFL .
Now that Scottrade has said their clients think the time may be right to jump back into the market - I'm all in!
/sarc
http://research.scottrade.com/public/knowledgecenter/knowhownews/inthekn...
look at least 400 people are doing great. We should all be thankful that Warren Buffet can buy another 400 foot yacht, he seems like a real nice guy. I wonder what he would look like if someone set him on fire?
This is so good for the banks, the great American institutions that are here to help the little guy. Yes we need to ensure their enrichment at all expense, oh I mean at OUR expense. Why? Because they tell us that we can't live without them. Well, they have really big buildings and drive really nice cars so they must be right. I wonder what their buildings would look like on fire? I wonder if their cars might just instantaneously combust into flames while they were driving them somehow. Just wondering. Maybe a world without banks would be GREAT.
BUY MOAR TESLA
ANYONE CAN AFFORD $100K FOR A CAR
zerohedge FAIL. again