Yen Momentum Ignition Launches S&P500 On Its Way To All Time High

Tyler Durden's picture


UPDATE: USDJPY retraced the POMO spike...

So VIX takes over...


The S&P 500 is screaching back towards its record all-time highs with a little help from a USDJPY-sparked momentum ignition and a $4-5 Billion POMO... behold the efficient markets...



What a farcical joke... For now, VIX ain't buying it...


Chart: Bloomberg

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Wed, 01/15/2014 - 11:13 | 4333926 LawsofPhysics
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"USDJPY-sparked momentum ignition and a $4-5 Billion POMO" - there it is...

Take profits and have a good weekend.

Wed, 01/15/2014 - 11:15 | 4333938 Dr. Engali
Dr. Engali's picture

This weeks profits will go into that semi-precious metal... lead dressed in a full metal jacket.

Wed, 01/15/2014 - 11:18 | 4333953 fonzannoon
fonzannoon's picture

Doc I don't are saying that you are taking profits in the most telegraphed, methodical move higher in the the history of markets....and parlaying that into physical, tangible assets? That makes zero sense. None.


Wed, 01/15/2014 - 11:23 | 4333965 Dr. Engali
Dr. Engali's picture

Yeah I know crazy huh? Nothing had made sense for the past five years. In order to survive in this business you have to put all logic behind you and BTFD. 

Wed, 01/15/2014 - 12:00 | 4334042 max2205
max2205's picture

Well They are going to do it without NFLX....dead money

Wed, 01/15/2014 - 11:23 | 4333964 Headbanger
Headbanger's picture

Now you're talkin!   I just bought some "semi-precious" metal myself in the form a really sweet Walther P1 (with none of that "hex bolt" shit and a thin slide) for nice money!

Wed, 01/15/2014 - 11:17 | 4333944 spastic_colon
spastic_colon's picture

dont be hasty....gotta wait for all of the 401k money to come in / s

Wed, 01/15/2014 - 11:32 | 4333958 Headbanger
Headbanger's picture

What are all of you Wall Street pukes going to do for the next 30 years or so to make a living??

Cause when this "market" finally crashes, NOBODY will go near it again for 30 years or more just like it took about that long for people to think about stocks after the crash of 1929.


Wed, 01/15/2014 - 11:56 | 4334033 HelluvaEngineer
HelluvaEngineer's picture

Ha.  I said the same after the last two crashes.  The salaried "true believer" 401k crowd will go right back in. Don't doubt it for a minute.

Wed, 01/15/2014 - 15:16 | 4334821 Headbanger
Headbanger's picture

What is "salaried"?  Like a salad or somthin??


Wed, 01/15/2014 - 11:12 | 4333928 Max Damage
Max Damage's picture

Crooks - nothing more to say really

Wed, 01/15/2014 - 11:13 | 4333933 jubber
jubber's picture

DAX Switzerland ATH FTSEMIB 20000+ IBEX 10500+ 3y highs

Wed, 01/15/2014 - 11:22 | 4333962 kurzdump
kurzdump's picture

Amazing. I should probably get me some DAX 15000 calls.

Wed, 01/15/2014 - 11:13 | 4333934 Dr. Engali
Dr. Engali's picture

There is no market there is only the I mean Yellen. Or is it Stanley Fisher?

Wed, 01/15/2014 - 11:20 | 4333957 madbraz
madbraz's picture

Nope, there is only Bill Dudley and the massive operations of the NY Fed and his real boss - Robert Rubin, who was his boss in Citibank.  Obama also works for Rubin, he is his protege.

Wed, 01/15/2014 - 11:21 | 4333960 The_Ungrateful_Yid
The_Ungrateful_Yid's picture

Pick one or all 3, it doesn't matter anymore. As long as you have a drunken captain behind the wheel all is good on planet earth.

Wed, 01/15/2014 - 11:21 | 4333961 The_Ungrateful_Yid
The_Ungrateful_Yid's picture

Pick one or all 3, it doesn't matter anymore. As long as you have a drunken captain behind the wheel all is good on planet earth.

Wed, 01/15/2014 - 11:14 | 4333936 ...out of space
...out of space's picture

hit stop on s&p

i was optimistic

Wed, 01/15/2014 - 11:14 | 4333937 pods
pods's picture

Fuck it, I'm gonna sell a kidney, buy some farcebook on margin, and start watching Cramer.

(that means a top boys and girls)

OT, at least my gold creek seems to have a nice flow now.  Maybe I will keep the kidney?


Wed, 01/15/2014 - 11:15 | 4333939 order66
order66's picture

Could go the rest of my life without ever hearing the term "Momentum Ignition" or "BTFATH" again. Time to turn the page. Like hearing Gagnam Style.

Wed, 01/15/2014 - 11:30 | 4333980 pods
pods's picture

Nope, this is going to be more like that long ride to Rhode Island as a kid, when Olivia Newton-John was big.

I think we heard "Let's get physical, physical.............." about a dozen times in that 6 hour ride.

By the end, we would rejoice in our displeasure everytime we heard it.


Wed, 01/15/2014 - 12:05 | 4334063 Dr. Engali
Dr. Engali's picture

Damn it put that fucking song in my head. 

Wed, 01/15/2014 - 11:15 | 4333941 spastic_colon
spastic_colon's picture

and crickets from the VIX....only useful when needed

Wed, 01/15/2014 - 11:52 | 4334025 samcontrol
samcontrol's picture

I think svxy and uvxy are THE greatest wonders of this casino..

One ALWAYS goes up , the other ALWAYS goes down, until they decide to switch. Quite simple.

Wed, 01/15/2014 - 11:17 | 4333946 HUGE_Gamma
HUGE_Gamma's picture

If you believe equities are going higher.. buy EM stocks especially Brazil..

I dont..

Wed, 01/15/2014 - 11:20 | 4333955 fonzannoon
fonzannoon's picture

If you believe equities are going higher as the fed continues to export inflaton to EM EM equities?

Wed, 01/15/2014 - 11:19 | 4333954 The_Ungrateful_Yid
The_Ungrateful_Yid's picture

Equities to the fucking moon bitches!

Wed, 01/15/2014 - 11:27 | 4333970 B2u
B2u's picture

I got it....NO RISK....just leverage everything you got....and you will be a 1%er...

Wed, 01/15/2014 - 11:26 | 4333973 Fiat Burner
Fiat Burner's picture

Yellen is going to be sorry The Bernank squeezed out all the shorts.  Whenever this thing blows, there will be no one on the other side to help buffer it.

Wed, 01/15/2014 - 11:29 | 4333979 fonzannoon
fonzannoon's picture

maybe....but we are just getting warmed up.

Wed, 01/15/2014 - 11:31 | 4333984 Al Capowned
Al Capowned's picture

My Mommy Always Said There Were No Monsters--No Real Ones--But There Are. ...its called POMO

Wed, 01/15/2014 - 11:38 | 4333995 squid427
squid427's picture

Did any one else notice the personal flying drone ad on the left side of the page today?

Wed, 01/15/2014 - 11:50 | 4334021 verbot
verbot's picture

Verbot.exe..load...supercomputer. dll...

Well well well.... so it is agreed that there are absolutely no fundamentals or need for PhD econ types...etc.. totally known dynamics with zero risk (if you are in the right enclave...we are not fyi).. isnt this total takeover? Why are we bothered to care beyond our own locale at this point.. and who will declare the War officially?

Counter parties are cannon fodder, china is in usa now..... helper agents and moles are active... TPP will end usa and so many others as corps give coup de grace...

Where are those we set to defend us all from such traitors?

End of line...

Wed, 01/15/2014 - 12:03 | 4334051 jiggerjuice
jiggerjuice's picture

Screeching /= screaching.

Wed, 01/15/2014 - 12:04 | 4334053 starman
starman's picture

Donno gents the day ain't over yet.

Wed, 01/15/2014 - 12:05 | 4334060 verbot
verbot's picture

I can answer my own question... the abandoned apollo program was our link out and to a new human age.

Folks decided mewling and rollingin the feces of greed and control was more fun...ala oil companies . foreign finance games secret wars and drug running f9r profit.. .. (benzene is a waste product as military etc..want heavy oils and kerosene so thats why your car burns it today..)

Somewhere the neocon program of dumb down the christians while commiting treason worked andReagan began our decent in to today. 

Nobody runs anything below a certainlevel and nobody will be allowed we are spreading the wealth to china (sounds as if we had folks doing bad deals in our names and now we paying.

Bitcoinis being flushed as a false construct (on purpose)

No one here can stop the slide nor understand that bullets and hidey holes are a cave and a cave is a grave.. I got folks from all walks of life that look after my stuff.. if the fsa starts rioting I will know from the horses all should have such contacts and retainers in lower classes as the proper way to fight this facist commy sellout thats on

Wed, 01/15/2014 - 23:46 | 4336713 TheReplacement
TheReplacement's picture

Of course it had to start with Reagan.  Carter, Ford, Nixon, and Johnson were TOTALLY AMSOME!!!

Actually, it seems you find a way spell out the end somewhat rationally but fail to blame the banks, bankers, and Democrats or Republicans (NeoCons are so 2003).

I do think I agree on Bitcoin, but not entirely sure what you mean. 

Wed, 01/15/2014 - 12:11 | 4334092 verbot
verbot's picture

Build the army of your god how many of you can afford one? Its cheap if you like the work yourself but a good right hand minion will put one together for ya... lets talk how we making trade between our own systems and folks instead of the current topics and actors.. (fed..banks..frn...etc...) verbucks...its what's for money

Wed, 01/15/2014 - 12:15 | 4334108 verbot
verbot's picture

Or sit here chatting about the total control of all your sacrosanct business rules.. (moral hazard..etc..) by pedagogical ego maniacs like it is some surprise and has any legality. ..explain to the kids why we let the crimes flow....later...

Wed, 01/15/2014 - 12:16 | 4334114 HpDeskjet
HpDeskjet's picture

Im completely sick of this bs. For already 3 years this rally is only PE expansion, not E increases, fair value S&P/Dow is about 45% lower.... People who buy equities at this point should be put in front of a fire squad

Wed, 01/15/2014 - 12:31 | 4334169 Texas Fold-em
Texas Fold-em's picture

Fedspeak and/or the fundy's WILL produce a positive return for stocks in January. As January goes..... Just part of the PLAN.

Wed, 01/15/2014 - 12:31 | 4334173 disabledvet
disabledvet's picture

Tesla up another 4% today...20% after having failed to even show up with their Model X. Ten million in unsold inventory sitting in the deserts of Arizona, Texas and,'s not a desert yet...Florida. So far this has been a moderately cold winter...but VERY dry. Look out for drought conditions this year.

Wed, 01/15/2014 - 12:47 | 4334217 rum_runner
rum_runner's picture

If the Fed is buying all these MBS (how many are left to buy?) then why don't we ever see a news story that shows how "hey, this boarded-up row here is all owned by the Federal Reserve." ?  or is it because there's no transparency and we don't know what the Fed is actually holding?

Wed, 01/15/2014 - 13:04 | 4334285 MFLTucson
MFLTucson's picture

Momentum in a bankrupt currency is what makes the US market fly.  Can anyone believe how far from reality we have come?

Wed, 01/15/2014 - 14:21 | 4334556 Wait What
Wait What's picture

maybe I'm too much of a newb to know better, but who didn't think this week was a BTFD opportunity? i'd say it was like taking candy from a baby if I wasn't sure that baby was already long via his e-trade account. at least in this bubble it's pretty obvious whose fault the ensuing 'creative destruction' will be, if there was any question after the last 2.

Wed, 01/15/2014 - 15:14 | 4334818 smcapmachine
smcapmachine's picture

So much for the 10 articles last week about the disastrous market start to 2014. What a waste of time.

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