• BullionStar
    05/30/2016 - 21:24
    The US Gold Market is best known as the home of gold futures trading on the COMEX in New York. The COMEX has a literal monopoly on gold futures trading volumes worldwide, but very little physical...

Wondering Why Stocks Are Soaring?

Tyler Durden's picture




 

Draghi did nothing; data provided no impetus; and earnings have destroyed many "narratives". So why are stocks soaring? Simple: in lieu of the ECB actually doing anything, it appears that the head of the ECB just announced the BOJ is launching more QE.

Behold the JPY carry trade...

 

Stocks caught up to Treasury's weakness yesterday...

 

Of course - there's always credit for some sanity...

 

Incidentally, the USDJPY is now known as the Patek Philippe trade (aka Swiss Watch), as per our tweet just before the start of the ramp:

One can't wait to learn just how many "investment theses" the BOJ submits to the FX manipulators in the "Bandits Club", the "Cartel", and other such illegal chatrooms each and every morning once the so called investigation into globalcurrency manipulation finally reveals all the dirt behind the scenes.

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Thu, 02/06/2014 - 11:02 | 4407654 Terp
Terp's picture

Fuck you Draghi

Thu, 02/06/2014 - 11:05 | 4407668 Divided States ...
Divided States of America's picture

I guess another FUCK-YOU-shima event is BULLISH for US equities.

Thu, 02/06/2014 - 11:15 | 4407698 ArkansasAngie
ArkansasAngie's picture

This will carry on.  And ... they don't care what you think or say.

 

Thu, 02/06/2014 - 11:38 | 4407773 Divided States ...
Divided States of America's picture

One day when the JPY is done with and Abe is disposed off like a used whore, the SPX will be tracking something else, I speculate it will be Gold's turn.

Thu, 02/06/2014 - 11:43 | 4407798 fonestar
fonestar's picture

Stawks are soaring because they're stawks and that's what stawks do!  Wall St. has found the magical elixir.  They don't need workers, employment, profits, earnings, reports, news... nothing!

 

Thu, 02/06/2014 - 12:10 | 4407896 Spastica Rex
Spastica Rex's picture

Yes.

The techno-human meta-organism no longer needs at least 80% of its existing tissue. It will be shed.

Thu, 02/06/2014 - 12:51 | 4408041 WarriorClass
WarriorClass's picture

All those new immigrants driving the economy!

http://americandictators.blogspot.com/2014/02/despite-opposition-john-ol...

 

Thu, 02/06/2014 - 13:15 | 4408101 jomama
jomama's picture

Succinct and profound, as always.

Thu, 02/06/2014 - 13:16 | 4408103 whoisjohngalt11
whoisjohngalt11's picture

This...http://discovermagazine.com/2010/the-brain/28-could-hormonal-diversity-h...

 

an oldie but goodie ,When have you seen this testosterone effect in action?

During the dot-com bubble, people who were working with me displayed all the classic symptoms of mania: They were euphoric, delusional, and overconfident; they couldn’t put a coherent sentence together; and they were unusually horny, judging from the number of lewd comments and the amount of porn that was showing up on their computer screens. No one had actually looked medically at what happened to traders when they were caught up in a bubble. But they were changing. It was like they were on drugs.

Thu, 02/06/2014 - 12:33 | 4407968 graneros
graneros's picture

This can and will go on for years to come.  Everybody keeps talking about TSHTF.  I've got news for everybody, it already did. Years ago TSHTF and it has been spewing around us for a long time now.  It's all about the 1%.  They are insulated from all the shit spewing around them whilst the rest of us live in it.  All those fake statistics? They ain't fake for the elite.  They know exactly what the numbers mean both in our world and theirs.  This simply is not going to stop until we stop it.  Every swinging dick here knows what that means.  Very tough decision.  Our historical forefathers knew what it meant and took up the gauntlet.  Throwing caution, their livliehoods, their property, their lives and the lives of their families to the wind they did what was necessary. Until the consensus among those of us not in the elite (or in their orbit you know cops, unions, politicians, the military, Hollywood, the 4th estate, govt workers, bankers, et al) changes, what you see is what you will continue to get.  It is really that simple.

Thu, 02/06/2014 - 12:59 | 4408065 Ragnar24
Ragnar24's picture

Agreed. I'm willing to throw down.  "It does not take a majority to prevail, but rather an irate, tireless minority keen on setting brushfires of freedom in the minds of men."

Let's rediscover the manhood that Sam exemplified. 

Thu, 02/06/2014 - 13:36 | 4408176 graneros
graneros's picture

You my friend you are so in the minority it is sad.  I do admire your courage though.  Particularly in this day and age when everything one says or does is on the record.  The sad truth is as bad as things are economically and socially they just aren't bad enough for people to take that risk yet.  Yes we have Obamavilles (Hoovervilles) popping up and families moving in with one another to make ends meet but the fact of the matter is people are not hungry and cold enough.  There is still a large physical comfort umbrella we are all living under.  Yes I know folks like you, me, and most ZH'ers feel the mental anguish on a daily basis but we feel it with a roof over our heads, a fire in the hearth, (most of you have central heating but you get my meaning) and most importantly food in our bellies.  Nothing will change until that changes and methinks TPTB understand that all too well.  Although it takes a good chunk out of their bottom line, ensuring the masses have the basics required for life is a good investment.  That covers the bread part then just to show what great guys and gals they are they even throw in "Dancing With Stars" and the NFL to provide the circuses we so crave.  Best of luck and Godspeed to you Ragnar.  I hope you have a seaworthy battleship.

Thu, 02/06/2014 - 16:42 | 4408939 failure to perform
failure to perform's picture

Thank you, you are correct.

Thu, 02/06/2014 - 18:01 | 4409281 Ragnar24
Ragnar24's picture
If ye love wealth better than liberty, the tranquility of servitude better than the animating contest of freedom, go home from us in peace. We ask not your counsels or arms. Crouch down and lick the hands which feed you. May your chains set lightly upon you, and may posterity forget that ye were our countrymen.
Thu, 02/06/2014 - 12:01 | 4407863 The Dunce
The Dunce's picture

The Japanese are printing more money?  What a shocker.  This market isn't going to collapse.  It'll live forever like a gut-shot bear.  Nothing to see here.  Move along.

Thu, 02/06/2014 - 16:20 | 4408866 slaughterer
slaughterer's picture

New ATH on the ES in two weeks.  Just to kill some more shorts.  Before the Debt Ceiling idiocy, which is already resolved anyhow.

Thu, 02/06/2014 - 11:01 | 4407655 Stoploss
Stoploss's picture

Like clockwork.

Thu, 02/06/2014 - 11:11 | 4407689 Theta_Burn
Theta_Burn's picture

And everyone was worried

3 days now and not a peep about EM's

And AGAIN the dip is bought....

Thu, 02/06/2014 - 11:30 | 4407745 Bangin7GramRocks
Bangin7GramRocks's picture

I thought the world was ending again? Stocks were collapsing? Riots were to begin shortly? Ha! You all need to finally understand that the Fed rules all because they can invent trillions instantaneously. I'm not happy that the entire financial system of the world is a sham, but that is the case.

Thu, 02/06/2014 - 12:04 | 4407878 Spastica Rex
Spastica Rex's picture

All one has to do is look at a 5 year graph of the Dow (or S&P, etc.) to temper one's enthusiastic anticipation of a reckoning.

It will happen one day, or not. If it doesn't, the "economy" will have lost all meaning for the common man.

Thu, 02/06/2014 - 14:20 | 4408378 Boxed Merlot
Boxed Merlot's picture

So why are stocks soaring?...

 

Like clockwork...

I figured it was about time for Calpers / Calstrs and other government pension fund "contributions" entering the market looking for a place to rest.  Their insatiable appetite continues unabated.  We'll not return to normalcy until this monster is neutered.  Saw this glimmer of hope earlier.

 

http://feedproxy.google.com/~r/MishsGlobalEconomicTrendAnalysis/~3/J2oB0...

Thu, 02/06/2014 - 11:03 | 4407658 InjectTheVenom
InjectTheVenom's picture

You didn't tweet that !

Thu, 02/06/2014 - 11:02 | 4407661 HRamos_3
HRamos_3's picture

STFU and BTFD

Thu, 02/06/2014 - 12:06 | 4407890 madcows
madcows's picture

Shut the Fuck Up, and Ben the Fuck Dover.  Not so pleased to meet you, Ben

Thu, 02/06/2014 - 11:04 | 4407662 fonzannoon
fonzannoon's picture

BOJ denial coming up....

this is retarded.

Thu, 02/06/2014 - 11:03 | 4407666 The man with po...
The man with pointy horns's picture

But at least it's given us 5+ years of entertainment.

Thu, 02/06/2014 - 12:49 | 4408032 Slave
Slave's picture

I'm thinking you're gonna get a few more.

Thu, 02/06/2014 - 11:04 | 4407664 Clint Liquor
Clint Liquor's picture

If there ever was a chart that screamed 'get out of the market', that is it.

Thu, 02/06/2014 - 11:04 | 4407665 Music101
Music101's picture

Temporary oversold bounce -- meaningless. Trend looks like it's changing to DOWN. WORLD OF DEBT!! See Video Below:

http://www.youtube.com/watch?v=99xsqxzJnXs

Thu, 02/06/2014 - 11:03 | 4407667 replaceme
replaceme's picture

Domo arigato.

Thu, 02/06/2014 - 11:05 | 4407670 LawsofPhysics
LawsofPhysics's picture

Let's hope this goes to 400 or higher, sorry Abe.  But just think of how dead, er I mean competitive the Japanese will be when the USD/JPY hits 400.  Paging Dr. Krugman...

Thu, 02/06/2014 - 11:06 | 4407671 Dr. Engali
Dr. Engali's picture

It's your turn to print, no it's your turn, no it's your turn, no it's your turn..........

Thu, 02/06/2014 - 11:07 | 4407680 fonzannoon
fonzannoon's picture

exactly....3 fuckin stooges.

Thu, 02/06/2014 - 11:23 | 4407724 B.J. Worthy
B.J. Worthy's picture

Long ink cartridges.

Thu, 02/06/2014 - 11:28 | 4407735 TeamDepends
TeamDepends's picture

Dagnabbit, our printer just pitched a rod.  Could you cover this shift for us?

Thu, 02/06/2014 - 11:53 | 4407834 Pure Evil
Pure Evil's picture

Well, what do you OddJobs expect?

 

Yellen's pinchin' a taper,

Draghi's got a Merkel cork up his butt,

So the only one left to print like explosive diarrhea was Abe Vigoda.

Thu, 02/06/2014 - 11:04 | 4407673 brusty4
brusty4's picture

...or you could see in the charts we were oversold and due for a gain... 

Thu, 02/06/2014 - 11:57 | 4407849 kralizec
kralizec's picture

Heh, humor or insanity...it was worth a hearty chuckle!

Thu, 02/06/2014 - 11:06 | 4407675 Seasmoke
Seasmoke's picture

And of course this is bad news for Gold

 

/sarc. 

Thu, 02/06/2014 - 11:09 | 4407682 thismarketisrigged
thismarketisrigged's picture

i really hope draghi fucking burns.

 

this guy is such a fucking douchebag, always talking out of his fucking ass to pump up markets with nothing to back up his claims.

 

he is no better than bernanke

Thu, 02/06/2014 - 11:21 | 4407695 Theta_Burn
Theta_Burn's picture

YEAH

Time to send Rocky to kick his ass again?..

o.O

Thu, 02/06/2014 - 11:10 | 4407686 CheapBastard
CheapBastard's picture

Some stocks are "Twittering"......

Thu, 02/06/2014 - 11:11 | 4407688 buzzsaw99
buzzsaw99's picture

shocking

Thu, 02/06/2014 - 11:12 | 4407690 Smegley Wanxalot
Smegley Wanxalot's picture

And when will the head of the Zimbabwe Central Bank be announcing more QE from the Fed? (or do they need to?)

Thu, 02/06/2014 - 11:11 | 4407693 Trucker Glock
Trucker Glock's picture

Does this mean emerging markets are fixed?  Oh, everything is FIXED.  This game sucks.

Thu, 02/06/2014 - 11:15 | 4407699 Sudden Debt
Sudden Debt's picture

Reminds me of my childhood when I played monopoly with my brother.

Just a little tweak on the rules and I kept winning every game where the price was his pocketmoney :)

Thu, 02/06/2014 - 11:13 | 4407696 Sudden Debt
Sudden Debt's picture

Silver's cardiogramm isn't looking healthy right now... I hope it's not going into chock...

Thu, 02/06/2014 - 11:57 | 4407704 Kaiser Sousa
Kaiser Sousa's picture

same bullshit, different, i meant EVERY fucking day for the last 5 years....

 

show me another market that trades the same way for days, months, years the same fucking way at the same times and i'll show you a rigged fucking market...

http://www.kitco.com/charts/livesilver.html

Thu, 02/06/2014 - 11:58 | 4407854 SAT 800
SAT 800's picture

It's been alright for the last few thousand years, I think it'll survive Feb. 6th.

Thu, 02/06/2014 - 11:14 | 4407701 lordylord
lordylord's picture

Stocks are soaring because Obama got us out of a recession caused by Bush.  The only threat to this recovery are people calling for smaller government, free markets, and sound money. Anyone saying otherwise is a teabagger and a terrorist.   

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