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Post FOMC Market Reaction: JPY Loses 102 And Stocks Crumble
Emerging Market FX is tumbling post FOMC; IG and HY credit market spreads are knocking wider; Treasury bond yields are plunging (after a knee-jerk higher); and the USD is rising. However, JPY is outpacing the USD move and with its break below 102 critical support, US equities are plumbing new pre-December-Taper lows... S&P futures are now down over 35 points from the morning "EM is fixed; where are all the sellers" highs...
Dec Taper gains gone for Dow and S&P and almost for Russell...
JPY carry unwind collapsing stocks...
10Y kneejerked higher in yield and then tumbled...
EM FX is fading back...
Gold rose into the report...(oddly) then collapsed and rallied back...
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Look at that bounce off of 1770.50 (cash)! Algos in control and if close below 1772, blood on Wall Street tomorrow.
SP futures blew through 1770.
Gold holding its own.
Time to burn some dry powder.
weather report
heavy downpour of bankers from high-rises
Don't worry, the Fed will open its Yellenbrella.
It is interesting to note that many appear more than willing to ride the Titanic all the way down.
Oh, always; they don't call it a herd mind for nothing.
But those people on CNBC tell me it's a great buying opportunity?!?
Fightin hard to hold 1772. Not gunna happen look out below!!
Crumble. first I had a cookie. then I just had some crumbs.
no way. the fed starts bailing at all time high bullishness, all time high leverage and record low cash. it only took 5+ years of lies and printing, but they finally got the small guy sucked in....and promptly pulled the rug.
Yeah, that's more how I like it ...
Bill Gross embarassing himself on CNBC.
I'm beginning to see a correlation between guest appearences and poor fund performance.
CRAASH !! WTF was that? OH, nothing dear, it was just the stock market.
FED proxies buying the dip with both hands (and our money).
Just until MyRape gets up and running.
lol - zerohedge call the bottom once again!
Kinda fucked, eh.
Longing the Yen is like kissing a fan.
never tried kissing a fan; tried a lot of other stupid things, tho. Funny comment.
Yeah because the stock market levels really shows reality on the ground-NOT.
DOW down 200 then bouncing back to pre FOMC decision levels.
"Buy! Buy! Buy! Plan that MyRa now!"
Ack!
Off the lows.... Hope everyone BTFD today. It's probably headed higher from here.
You're probably doing crack or just an idiot.
!!
PPT hard at work. We'll be green soon.
Right on cue - tyler posts article on collapse of equities - immediately followed by 50 point dow ramp.
golf clap.
You must be looking at a different ticker to me.
Nobody will want to be holding tonight.
bro, it rolled over dec 31, u rully need to unplug the tv
pls see:
gold -- dbl bttm
dow -- high
10s yield -- dbl bttm
GS/JPM DIY BTFD
Time to shear the BTFD'ers.
Don't discourage him; I need people to take money away from.
Down goes JPY! Taper goes to the corner as the referee counts...7,8,9,10. It's over.
Hey dumb ass, and all the up voters. The yen is not going down. It's rallying vs the dollar. Fewer yen per dollar means it's going up, not going down.
Gawd, it just boggles my mind how 'effin stupid the people who comment here are.
The nice thing about a taper is that it spreads the market pain out over a 7 or 8 month period... All down!
--> so did we get a knee-jerk down?
--> or a knee-jerk up?
Just a knee-jerk off!
'FED to taper another $10 billion'...hey no worries I'm sure, minimum wagers are about to make up that difference as they pile their whole measely paycheck, plusSNAP cards, into dickhead Oblahblahs MyRape account. I'm sure.
Of course they'll defend 1775.... And of course they'll fail. It didn't plunge immediately after the last taper. We still have 3-5 weeks of oscillations according to the charts. EM's will take it down. That move really was a "Turkey". But it's coming..... Oh it's coming!
No... It's here.
Yeah; it is. it's a little late to defend 1775; the DOW is down over 200pts. at 3;15pm. Gonna be a lot of fucked up brokers and traders in the manhattan bars this evening.
Rob McEwen: Will Gold Soar on the Dow Drop?
http://sufiy.blogspot.co.uk/2014/01/rob-mcewen-will-gold-soar-on-dow-dro...
it doesn't usually; but it does on fear. And there's fear in high places because countries are having problems; or I should say, having problems that are no longer hidden and pappered over.
Anyone heard from Hugh Hendry lately? I could use his opinon on what's trending.
http://www.thedevilsmetal.com/wp-content/uploads/2014/01/HughHendryUpdate.png
I like listening to that crazy Scot, myself. probably because I'm a crazy Scot too, never got the hang of agreeing with anyone about anything; it's a national characteristic. Why the fuck be Friends, when we could fight to the death ! Counterproductive, actually; but at least it keeps you from doing what ever everyone else is doing.
Interesting chart.
If the China HSBC manufacturing numbers are bad in Asia later, this turd(market) is going to get really stinky.
Brakes is gone Weezie!! "Weeze fweewheelin!"