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Liftoff: Debt Ceiling Resolution Rumor Sends Russell To New Record Highs, ES Soaring

Tyler Durden's picture




 

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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Wed, 10/16/2013 - 10:07 | 4060185 I am more equal...
I am more equal than others's picture

 

 

There is nothing like a limp boehner fucking you. 

Give in more... deeper!  ....deeper...

 

Wed, 10/16/2013 - 10:10 | 4060213 The Juggernaut
The Juggernaut's picture

So THIS is what a USA bailout looks like.  Start the printers, Janet.

Wed, 10/16/2013 - 10:12 | 4060223 Boris Alatovkrap
Boris Alatovkrap's picture

BTFATH!

Wed, 10/16/2013 - 10:21 | 4060284 Say What Again
Say What Again's picture

This is too much.  All the indexes will pop by 2% or moar from whereever they are when they finnally make the "deal"

WTF

Wed, 10/16/2013 - 10:13 | 4060232 Say What Again
Say What Again's picture

I'm going to go out and buy a new 60" Super-HD TV, a new iFone-2013s, a new car, and moar.

Wed, 10/16/2013 - 10:13 | 4060238 firstdivision
firstdivision's picture

How is it "giving in", when it's part if the script?

Wed, 10/16/2013 - 10:14 | 4060249 WarHorse
WarHorse's picture

Boehner you TWAT

Wed, 10/16/2013 - 10:24 | 4060300 Nothing but the...
Nothing but the truth.'s picture

 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.

Wed, 10/16/2013 - 10:09 | 4060190 Cognitive Dissonance
Cognitive Dissonance's picture

Peak insanity version 963.72

<Fasten your seat belts ladies and gentlemen. The end of empire fun has only just begun.>

Wed, 10/16/2013 - 10:08 | 4060199 RSloane
RSloane's picture

This is so exciting! Its like watching "the fat lady" loudly fart instead of singing.

Wed, 10/16/2013 - 10:24 | 4060229 Dr. Engali
Dr. Engali's picture

The can is kicked again and the  pillaging continues. Nothing ever changes.

Wed, 10/16/2013 - 10:12 | 4060230 Bearwagon
Bearwagon's picture

Let's head 'em off at the pass.

Wed, 10/16/2013 - 10:13 | 4060234 Boris Alatovkrap
Boris Alatovkrap's picture

<-- USD crashes in 3 month

<-- USD crashes in 3 week

Wed, 10/16/2013 - 10:15 | 4060242 firstdivision
firstdivision's picture

<~~~~ 3 years

<~~~~Fuck if I know, but buying physical assets anyway

Wed, 10/16/2013 - 10:14 | 4060248 Bearwagon
Bearwagon's picture

I say 3 month. Because: The can shall be kicked! So let it be written, so let it be done!

Wed, 10/16/2013 - 10:27 | 4060309 Nothing but the...
Nothing but the truth.'s picture

Yeah , maybe the can will be kicked some more ( what's left of it ) but they soon going to be running out of road .

Wed, 10/16/2013 - 10:15 | 4060251 Boris Alatovkrap
Boris Alatovkrap's picture

<-- 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!"

Wed, 10/16/2013 - 10:23 | 4060257 firstdivision
firstdivision's picture

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. 

Wed, 10/16/2013 - 10:18 | 4060267 Its Only Rock N Roll
Its Only Rock N Roll's picture

How about in 3 hours???

Wed, 10/16/2013 - 10:28 | 4060320 cameldojo
cameldojo's picture

<--I don't gamble in the stock market

 

<--I hold mining stocks,and enjoy getting punched in the nuts on a regular basis.

Wed, 10/16/2013 - 13:41 | 4061293 Boris Alatovkrap
Boris Alatovkrap's picture

Ha ha ha! You are smart funny!

Wed, 10/16/2013 - 10:15 | 4060250 gjp
gjp's picture

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 ...

Wed, 10/16/2013 - 10:17 | 4060253 scatterbrains
scatterbrains's picture

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.

 

Wed, 10/16/2013 - 10:16 | 4060258 MFLTucson
MFLTucson's picture

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.

Wed, 10/16/2013 - 10:28 | 4060318 Nothing but the...
Nothing but the truth.'s picture

- Nail on head, MFL .

Wed, 10/16/2013 - 11:03 | 4060449 Nostradumbass
Nostradumbass's picture

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...

Wed, 10/16/2013 - 11:10 | 4060484 hangemhigh77
hangemhigh77's picture

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?  

Wed, 10/16/2013 - 11:14 | 4060507 hangemhigh77
hangemhigh77's picture

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.

Wed, 10/16/2013 - 11:27 | 4060557 orangegeek
orangegeek's picture

BUY MOAR TESLA

 

ANYONE CAN AFFORD $100K FOR A CAR

Wed, 10/16/2013 - 11:53 | 4060678 smcapmachine
smcapmachine's picture

zerohedge FAIL.   again

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