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Commodities Clubbed, Stocks Mixed On "Good-Cop-Bad-Cop" Fed Speak
The Nasdaq and Trannies closed green, Dow and S&P red (the latter pinned to VWAP thanks to some late-day JPY ignition dragging it off the lows). Volume was 'average and into the close VIX was bid as stocks clung to VWAP. Treasury yields limped higher from yesterday's small rise (30Y +1bps on the week, 5Y +4bps). The USD index would suggest a quiet day (practically unch of the week) but dispersion with EUR strength and AUD and JPY weakness was notable. Credit markets continued to slide notably. The biggest moves of the day were in commodity land with silver -3.5% on the week and gold and oil pinned to each other (petrogold?) -1.5% on the week, and copper -1% on the week. Today was all about POMO (as usual) and dueling Fed speak (Lockhart talked us down and Kocherlakota saved the day).
The day in stocks...
quite dispersed across the indices with the DoJ airline deal topping the Trannies...
Credit ain't buying it...
and Commodities were sold...as POMO ended and Europe closed...
While the USD ends unch, there is clearly a lot of dispersion in FX markets...
Shorts "won" today - as yesterday's squeeze was collapsed back lower...
Charts: Bloomberg
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whatever...it is what they say it is and those trying to say otherwise capitulated long ago. Gold sucks and stawks are sooo hot. Wash, rinse, repeat.
Makes total sense to me......massive "selling" of silver at a price point that is lower than the cost of production.
OPEX Monday, they will get PM's lower yet.
I've been holding off on a largish puchase just for them.
OPEX is Monday? Do you have a link to the OPEX calendar?
I'll shed tears of joy when these Fed Fuckers off themselves.
the fed masturbates the "market" all day every day
STROKE...STROKE....STROKE.... c'mon lads, put yer backs into it!
Commodities stinking up the place. Smells like recession/deflation.
Just wait til Yellen gets her "wascally wabbit" on and announces that she needs MOAR.
The true Children of the Anunaki will soon be rewarded.
Tangibles clubbed, fungibles perpetuated with "baffle 'em with bullshit" FEDspeak.
Wall Street parties on.
The fantasy must be maintained, the holiday shopping season is nigh!
JOIN the Revolution of the Closed Wallet! Refuse to part with your hard earned cash. Homemade gifts....or no gifts at all...something differrent this year.
And in the meantime, defund Wall Street, The Bernank, and DC. No shots fired necessary.
Exile on Main Street to just Exile period. http://www.youtube.com/watch?v=6U8JlcB_BzA there's no way out from underneath this thing and i think we've just taken things too far this time.
A rising market sucks in all other asset classes and collapses when it finally runs out of fuel. Bonds and gold are being sold in order to buy stocks.
buy the FiATlEEk
Gold's on sale
waiting for it to go lower. perhaps more taper talk will do it. then time to stock up!
So's Silver
Funny thing is, when I go to my LCS, he qoutes me the latest spot price, then proceeds to tell me all the 1 oz silver rounds are $25\oz. Stop Fucking quoting me the spot price Dick.
We DEMAND a BONUS CHART everyday!!!
Please ZH, stop reporting the daily BS numbers as if it were a weather report. This is just Ben et al adjusting the indexes. No-one with a brain gives a flying fucking shit what the Dow did today. Even less so some bullshit analysis of why it did what it did. Please! This crap can't stop until you cease and desist with anything other than a round up of the numbers. Stop playing their game.
And that applies doubly to the idiots that comment with their own analysis. Do you also argue which political party is better?