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USDJPY Ignition Lifts S&P 500 Futures To All-Time-Record-Er High (For Now)
It seems 'someone' needed to run the S&P futures market back over Friday's highs just to flush the stops one more time. Thanks to some JPY-selling that momentum was ignited and S&P futures just made new all-time-highs... because, well why not. Soon after the stops were run in stocks, JPY started to revert and so are futures. Gold, oil, and treasuries are all unch for now as is EURUSD.
S&P futures were up over 5 points...
Chart: Bloomberg
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Why not? Party like its 1929...
1929, 1999. All the same. Party on until the music stops. Looks like we are short a chair.
lets see....there's the AAPL earnings chair tomorrow, the it's Monday chair, the Twitter IPO test chair, the POMO chair, the gotta sell reo-to-rent securities chair, the make everyone feel like spending for the holidays chair....it sounds like they're all there until ES 1800+ easy.
LOL, FLUSH THE SHORTS......HA HA.....they are now going after the buy stops......weeeeeee
look at ES, we keep hitting new highs. OUCH for bears.
Just look at the market, this guy here is very accurate => http://bit.ly/16F8sFU is saying the BEARS will be reamed hard this week into FOMC meeting. OH dear.
For every glitch reported in Obamacare buy spoos. Retire...any day now.
For every error in the 150 languages the healthcare.gov website will cater to buy 1 SPY share and retire before the night is up.
What's the logical endgame of just running / raking the shorts' stops? I guess, no more shorts.
Then someone starts edging backwards towards the exit door, smiling and waving.
My impression was that the event that started the Nas correction in March 2000 was the MSFT anti-trust litigation. Maybe it was just co-incident, but that was the impression I had.
I wonder if there will be a sign when this thing turns.
the logical endgame is skynet and we are just about there. This time is different.
I want my short money back from 2009-2013. This crooked casino owes me that money and I am going back to the short table until I win.
No wonder the Casino runs 24/7.
Same here.
The less popular the idea, the more likely that it makes sense, though. Now more than ever.
I'm looking to scale into a short position around 3k on the S&P.
wait, does the day of the week tomm end in the letter Y?
IF SO, FUTURES SHALL BE GREEN.
NO OTHER EXPLAINATION NEEDED.
So glad I sold off all my short positions 2 months ago. 4 years of getting kicked in the nuts by Ben was enough. Sipping on some Pisco and all is good.
http://www.businessinsider.com/code-red-world-2013-10
1st good article i have read on that site in a while.
basically sums up like we do all the time on zh how fucked we r.
BTATFH ..................GrOUNdHOG'S DaY AgaIn
I want Full capitulation from ALL hedgetards. Obey!
Over.
Just looking at the EUR heading towards 1.40, anyone shorting this market, stocks or otherwise, is pure insanity. Risk is bid across the board.
The Fed is crushing the short end readying for Yelland in her attempt at yield destruction on the 10yr. A commie experiment with large dashes on cronynism.
It's the only reason Cramer's "unstoppable" trade is rollin'
Nothing can go wrong, the money printers have found the meaning of life.
Take a look at commitment of traders report.
sitting very nicely above the 5dayma (HFTs), profit take on 1.37, 1.38 range. For it to sink, you'll need a stock sell off over 2%, ECB begins to write down it's holdings and the NY Fed is blocked sending liquidity to foreign banks, via the ECB, by someone in congress. Merkel gets evil on Obama's a-hole, says she will print Deutchmarks as EURO's (http://theweek.com/article/index/230830/why-are-germans-still-using-the-...), kicks out the PIIGS, tightens up the rest. Issues warning to Italy that it will invade the country...sarc
etc etc etc.
I'm usually an optimistic pessimist, but boy, we are truly fucked. As Jimmy Cliff would say " The harder the come, the harder they fall, one and all."
S&Ps up about 25% YTD.
Forward!!!!!!
the FED ass sniffing game is soo boring....
Think of Zimbabwe.... DOW 50,000. The Zimabawe market, I meant the US market is poised to do the Zimbabwe with Yellen at the helm.
The market will be cheap all the way up.
Increase QE, from $85 billion to $170 billion to $ 500 billion to $1 trillion/month.
The US dollar looks like it's set to dive again.
I think this fuck heads come to the point that no matter what the game is over right here any day now.
its truly amazing how every night futures are up on absolute nothing.
where are all those ''profit takers'' i always here about in this market?
Why doesn't Taylor just buy some stocks so he can make some money, too?
What if the Fed's actually do a little tapering after all this week. Janet has got so much bad press, and the market is exacerbating the situation by extending the bubble. The big money may already know that the feds will taper and crush the market. I wouldn't be surprised. It is all about crazy manipulation.
Whatever you think the Fed is going to do, do the opposite.
What the Fed thinks you're going to do, they do the opposite.
So if you think they are going to do a surprise taper then assume they are either not or even increase QE.
But the Fed is expecting you to do the opposite of what you think they're going to do, and they know you think they'll do a surprise taper so will assume you assume there will be no taper, so will taper. Come to think of it this invalidates my first point then - "whatever you think the Fed is goig to do, do the opposite". Two opposite sort of cancel each other out.
So maybe trade on exactly what you think the Fed is going to do. I'm not sure, what's everyone else think, are they going to throw in a surprise taper. After all, the mebers of the board of the Federal Reserve will all know if a surprise taper is coming so will all be short the market to make a killing just before Bernanke renegs and extends the taper which they will also know about and go long just before the announcement.
Does it get any more screwed up than this. The entire world hanging on the next comment from the Federal Reserve as the basis for investing decsisions. The hilarious thing is Bernanke and Greenspan WILL be studied by students of economics for decades if not centuries after this all implodes.
A small taper is feasible isn't it just to shit all the shorts who have been margin called and had their positions closed.