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"Bad" News Send Stocks Soaring
We had the good news (ADP beat sends stocks down) and now the bad news (ISM Services) which spikes stocks instantly up 1%. It seems increasingly clear from the last hour of trading that, as we proved here, the bulls are hoping for moar and moar bad news to keep the retirement dream alive... Notably nothing else is reacting in this manner to provide cover for stocks.
Carry is not supporting this...
and nor are Treasuries...
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Please, There is no "market".
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There is only the Fed. A group of corrupt bankers that print dollars out of thin air to increase equity "values", thereby hoping to induce the consumer to borrow and spend. Now that's an advanced economy!!!!
F'n joke.
stfp sell the fucking pop
Congratulations Bernanke,
You have destroyed capitalism.
I love it when the S&P goes all penny stock like that. I'm sure moms and pops all over this broad land engaged their desktop algotrons, and are rockin' the spoos, arbing ETFs, and diversifying through CDS...all giddy about how the new normal nonmarket has made all of their dreams come true.
Of course, in real terms, you can just kiss it all goodbye. Everyone can hear the calliope music...no matter how sociopathic the actions of one Ben Bernanke are. As always, thanks for the economic wasteland, sir.
It is a feeding frenzy out there. Never mind the corpse is rotten!!
ROOT FOR THE FUCKING BREAD LINES!
See! I told you mooks earlier to GTFONASTFB! But NOOOOOOO....
There could be another chance of a bounce today or tomorrow
BUT! IF IT DROPS BELOW THE LOWS SEEN TODAY, ITS THE START OF A NASTY DROP !!
Brilliant if you think about it.
"Hail Freedonia."--- Rufus T Firefly
Rufus T. Firefly: How would you like a job in the mint?
Chicolini: Mint? No, no, I no like a mint. Uh, what other flavor you got?
OH!! A meta-game of chess!
Long time I've seen one of those :)
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Yes... Really!
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you sunk my battleship!
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There is only the Fed.
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I would give you MOAR, but judging by all the down-votes, I think the others don't like this style of communication
not fun to read, and you seem like an arrogant doosh
How about some EBCDIC you fucktarded mook!
My metaphor of the fed...Janet Yellen taking a bath..
There are two taps..
One is ice cold
The other is boiling hot.
The problem she has is they can only be turned on one at a time, they come out of different spouts, and there is no drain plug.
Enjoy your bath Janet.
markets malfunctioning up on QE juiced algos. front run or die.
very strange...Econ 101 is out the window...its all about Taper now....the Fed owns the markets....literaly
the Fed is the ponzi. there are no markets.
The fed is pissing into an ever increasing headwind and they know it, and they don't have a workable plan to get out of it.
Dials adjusted on a perception machine.
That's a pretty shitty view of the world....
God cop-bad cop'ing it all the way into the ground.
Stocks don't need no stinkin cover. They didn't need fundamentals, why would they need historical trading relationships to hold? They need only one thing: more Fed love and continued global acceptance of the fraudulent USD.
When employment is bad for stocks, then maybe then the "cost of labor" isn't the problem.
I agree....
http://finance.yahoo.com/blogs/breakout/why-janet-yellen-is-the-right-person-to-lead-the-taper-141000954.html
finally some great actionable advice based on a strong fundamental argument.
Hayman Capital/ Kyle Bass: taking stake in GM?
WTF Kyle......this move leaves me questioning your other thesis'....and maybe you are not as intelligent as you seem......People do not usually purchase cars in a rising rate....collapsing demand....inventory stuffed industry???
As long as there is a buyer of last resort for the automobile backed securities, GM will be a successful zombie.
Up is down. Black is white. Greed is good. Fuck you O'BernYellen!
Woe to those who call evil good, and good evil;
Who put darkness for light, and light for darkness;
Who put bitter for sweet, and sweet for bitter!
Isaiah chapter 5 or 6? Might've ventured there last night.
And I will strike down upon thee with great vengeance and furious anger those who would attempt to poison and destroy my brothers. And you will know my name is the Lord when I lay my vengeance upon thee.
Pulp Fiction: Chapter Restaurant: Verse Wallet.
(and others, but that scene was one of the best movie endings ever)
treasuries and gold are still in taper-on mode, i'm still hoping for new highs in stocks, more money to make when all comes plunging down
ISM helped, but there is chatter of a budget deal
S&P true value has always been 666.
fu Bernanke
Curse the day the bearded maniac decided he knew how to make the market only go up. They are supposed to fluctuate you f idiot.
Now instead of fluctuating, they will crash and act bizarre for a long time to come.
FCk Bernanke? Didnt he make trading easier?
According to CNBS ticker: "The market took off and is up due to the 'great' housing numbers"!!!
ALL those fuckers at CNBS MUST DIE! It is treasonous and criminal to report as they do....from the producers.....to the talking headfucks!
Bad news? Please. This is bullish...
http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20131204000007&c...
24 JH-7A bombers stationed at PLA air base closest to Japan: Kanwa24 PLA JH-7A fighter-bombers are currently stationed at Weifang in eastern China's Shandong province, the closest Chinese air base to Japan and the Korean peninsula, says the Kanwa Defense Review operated by Andrei Chang also known as Pinkov, a military analyst in Canada.
The air force unit based in Weifang belongs to the 14th Regiment of 5th Air Division and the fighter-bombers carrying YJ-83 anti-ship missiles would pose a threat to Japanese naval vessels should the conflict between Beijing and Tokyo over disputed islands covered by the newly established Chinese air defense identification zone escalate. The range of the C802AKD, the export and upgraded version of the YJ-83, is estimated to be more than 250 kilometers, according to Kanwa.
And Biden has been a pussy while he's in China...
http://worldnews.nbcnews.com/_news/2013/12/04/21753595-joe-biden-mum-on-...
Emerging from a meeting with Chinese President Xi Jinping, Vice President Joe Biden said Wednesday that U.S.-China relations depend on trust and a positive notion of each other's motives. Neither leader made public mention of a major clash over disputed airspace that's pitted China against the U.S. and its Asian allies.
And the bad news put a cap on the rising paper gold and paper silver spike we were seeing this morning. It also stopped the rise in the dollar in its tracks as well.
odd that gold and silver (paper) were actually following the dollar up today while doing the reverse of the then tanking EUR/USD which is now falling.
up is down, down is up, good is bad, bad is good, 2+2=5
Oh well...the paper metals are still helping us to add to our physical stacks, folks, so just keep on BTFD. Hopefully, the scumbags will push them further to 1000 and sub-18 eventually. Man, the poo will hit the rotating blades when that happens...it'll be a feeding frenzy.
Now that is really news .... boy ZH is getting old