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Dismal Jobs Report Sends Stocks Reeling
UPDATE: Stocks have bounced on USDJPY's jump back to 102 (as we warned) but Treasuries are not playing along
Bonds are surging and gold is well bid as the jobs report had little to offer the hopeful. The anti-goldilocks number slammed bonds with the 10Y Yield to unchanged on the week (down around 8bps on the kneejerk), gold is testing $1270 as JPY strength provides ammunition for derisking in the equity markets. S&P futures spiked 11 points higher on the release as algos went wild, then fell over 20 points from that high and are bouncing back modestly now. Of course, we are still 45 minutes from the US open so expect USDJPY to be levered back to 102 and lift stocks to make retail believe everything is fine...
and Spot The Difference...
Charts: Bloomberg
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PPT, buckle your seat-belts and order pizza-it might be a loooong day!
Loing day watching them walk gold back down....must not break $1270.00
isnt central planning great?? they really seem to have a handle on it all....
/s
Agree! I don't think the Central Planners could have fucked things up more if they tried!
And there they go, nice gap down in gold...so how many contracts just dumped on the market?
Like the Ukraine thing. All they need are some paid trolls to go out and shout down the dissenters and - boom! - problem solved.
Let's leave MSNBC, CNN, NBC, CBS, ABC, and other out of this....
Stocks have un-reeled. USDJPY 102.02
I would love to see the USDJPY go to 300...
Hey Abe, jump you fucker!!!
Kyle Bass predicted 200...
I will fade the rally. Mark Zandi is a carnival barker
Job's report sends USDJPY up of course because the "winter" is toooooo cold.
Looks like winter needs to be banned..
From FOREX
Talking Points:
The US Dollar turned higher anew against the Japanese Yen, breaking above the 23.6% Fibonacci expansion at 101.85 to expose a support-turned-resistance shelf at 102.27. A further beyond this boundary targets the 38.2% level at 102.53. Alternatively, a reversal back below 101.85 on a daily closing basis exposes the February 4 low at 100.75.
Close proximity of near-term up- and downside technical barriers argues against taking a trade at the moment from a risk/reward perspective. Furthermore, The Yen remains highly sensitive to churn in risk appetite trends, making the currency’s crosses vulnerable to sharp volatility as the upcoming US Employment report comes across the wires. We will opt to stay aside for now.
So the japanese are committing suicide?
Looks like I'll be spending next Christmas at the food bank. Bitches.
Expectations... everybody has different kinds
Hey, just remember the USDJPY is the tail that wags the dog. - woof woof!
er......that was 10 minutes ago now nearly all back positive
Yep...back to pre-announcement levels, S&P +6.5. What a joke. It really amazes me that anyone can think these are real markets. What a bunch of friggin' morons.
oh, they're real alright. ... just disconnected from reality and living a life of their own.
More market than market.
"tapper" will soon stop now so why not rally 20%?
Less than 15% rally will get us to Janet's 'S&P 2K by springtime' target.
Pass it on ... we need some 'positive expectations' here ... for the greater good.
they will catch the bid
And gold and silver capped instantly.
$1270 seems to be a pretty significant line in the sand for gold
1278$ is
that's for the Bankers.
They need that price of gold...well, obviously they need it at 3,000 an ounce actually.
If that price breaks "many others will follow."
Stock "market" indexes will close green on the day.
Blame for the bad jobs print will be unequivocally placed on "the weather."
Fed FOMC doves will be out in full force, speaking of and hinting at possibility "un-taper."
Embrace the fraud.
I wonder if there will be talk of a taper "pause"?
10-Yr down ~50bp. No need to pause taper when the "market" will do it for ya. It's the "Silent Yellen" strategy...
"Embrace the fraud." - LOL, did you work for Nixon? Yes, "it's the weather", as in whether or not anyone in the financial sector is going to actually go to prison. We better ask John Corzine and Hank "Tanks in the streets" Paulson what they think.
The worst possible outcome for the 'markets'. No job growth and the official unemployment rate (as bogus as it is) closer to that magical 6.5% cut off point.
The Fed will move the goalposts on the magical cut off point.
The Fed will move the goalposts on the magical cut off point.
Let me fix that for you:
The Fed will REmove the goalposts on the magical cut off point.
There, fixed.
Any of the 113k "quality" jobs?
114K of the 113K were temp snow-plowing jobs.
Policy for numbers reporting should have a caveat: less than 40 hrs/wk but more than 20 hours should be classified, "negatively employed," meaning just enough to keep under the obamacare breakthrough level so the subsidies and food stamps are still availalbe.
it was cool to see that gold was pushed down before the #s.
SOP.
Wall St will see this news as assurance that the Fed will END the taper. They'll expect the Fed to end the taper now. Don't be surprised if stocks RALLY on this news. What a twisted world it has become!
Who needs jobs? Who needs an economy? Who even needs reality any more? We have PRINTED prosperity now!
ES up 10! HAHAHAHAHA
stocks moving up.....weak strong up is the action.......
"The trend is your friend."
Huge Miss In Jobs Report: +113k Only - Sends Gold Sharply Higher
Now let's listen to all excuses and polish the #taperpause on TWTR. Gold needs to close above $1270 to start the mother of short squeeze. Is this number bad enough to be "good" again to levitate the markets or we can move close to Thomas Demark 60% plunge of S&P 500? After everything what FED has done to 'save the economy" we can hardly see this as happening, expect the life support to be plugged in again.http://sufiy.blogspot.co.uk/2014/02/huge-miss-in-jobs-report-113k-only.h...
Tyler(s), are you trying to say it's all about the USDJPY?
LOL
yeah, i "like" that meme too.
talk about "scaling the cliffs of insanity."
When the world goes insane...
Gold crashed then spiked now going down fast again. No manipulation here, honest.
It's really not surprising. At what point tho, do these morons who manage trillions look at it and say "something ain't right here"
If you manage trillions are part of the system. Even if you are not, you are certain to have a few skeletons in your closet too, so you will play along. Either that or get investigated by the CFTC and raided by the FBI.
Why are the S&P futures up?????
HAHAHAHAHAHA
Seriously.... If you can't just laugh at all of this, there is a 90% chance you'll go insane of have a heart attack.
Because its a recovery damm it!! whats wrong with you??? do you have faulty programming or something
Moar QE, less taper or untaper. At this rate, by year's end only the banksters will have jobs.
Already on the way back up. Bad jobs number = cancellation of taper? Will the Magic Munchkin/head of the Lollipop Guild put the taper on hold?
Odds are 2:1 that the S&P ends today up 20 points higher than yesterday's close. Because of the weather.
holy fucking shit, what a fucking surprise,the futures are now at there highs for the fucking day.
european markets which had gone red the second the jobs report hit, are now at daily highs.
u.s futures which dropped sharply when the data hit are now at morning highs.
this shit is so fucking absurd, i know i, and many other sounds like a fucking broken record, but seriously wtf is this shit.
when was the last fucking time the u.s markets were down sharply on a bad jobs report?
there are always fucking excuses, its sickening.
the best we can hope for is to expose this fucking fraud to as many humans as possible so then maybe it fucking stops, but this is as fucked up as it gets.
nothing positive from the jobs report, no revisions upwards for decembers number ( unless u consider up 1000 to 75000 from 74000 a fucking revision, which i am sure some jackasses will say is a positive in the msm)
i am sickened by this garbage
http://www.kitco.com/charts/livegold.html
Groundhog day
Thank goodness someone is managing this for us.
See that green spike at about 8:30? Almost straight up and down?
That's Jamie Dimon's middle finger.
If the FED is so hell bent on manipulating the market to bring more "wealth" to their friends, why don't they just take the whole market private and pay a 10% dividend on it - isn't this what they want anyway, guaranteed 10%+ for all the rich forever?
It appears the BLS no longer counts blow jobs in their official release
It was the whether.
That is, it was going down whether there was snow and ice or not.
Is bad news ungood again post-taper, or is the market still undeciding? This is why I'm out of the market.
I think you should wait a bit before posting headlines with 'reeling' and 'plunging'.
Damn I was wrong.
*shakes fist* Damn you chair satan, damn you all to hell!