S&P 500 Jumps To Best 4-Day Run In 13 Months

Tyler Durden's picture

Yellen proving she is as dovish as Bernanke (and a 200 pip rally in USDJPY) has supported the S&P 500 to its best 4-day swing since January 2013 (+4.4%)... make sense? Interestingly, emerging market FX has worsened notably in the last 3 days.

 

EM FX remains a problem...

 

But don't worry about that - BTFD!

 

and buy the crappiest companies!! "Most shorted" stocks are up a stunning 8% off last week's lows...

 

Charts: Bloomberg

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The_Ungrateful_Yid's picture

I have My Old Yeller Express Card......never leave home without it.

john39's picture

what I find interesting is that so many Americans continue to believe that the S&P or Dow have anything to do with economic reality...    when what the bankers are doing is stealing from the masses to keep stocks inflated.   freedom is slavery?

NOTaREALmerican's picture

Re:  when what the bankers

Well, the bankers AND the top 10%.   Don't forget, 30 million people are doing quite well owning 90% of the nations wealth.  

Survival of the fittest, bitchez!

Say What Again's picture

BTFD is still alive and well.

God help us!

ACP's picture

$65 billion is still enough to keep this market extremely overbought for days at a time. Which it has been since last Friday.

Lotta shorts around 1850, wouldn't be surprised to see the s&p up 40 handles tomorrow.

 

Doña K's picture

They are running a program called "kill the shorts" algo.

Counter play: Long the high flyers, short the index.

Trying to inflate the market with helium and holding the PM's steady.

 

Divided States of America's picture

Nothing amazes me anymore. If you are amazed now, you will be even more amazed when SHTF and the leaders you think will be there to help us out of this mess are actually trying to take you down.

Damn Olympics right now is a distraction to the grand theft fraudo going on right now on Wall Street.

NOTaREALmerican's picture

Re:  Damn Olympics right now is a distraction to the grand theft fraudo going on right now on Wall Street.

The Olymipics is another example of a wonderful scam run by a group of VERY smart-n-savvy sociopaths.

It allows money to be funneled from "da people's government" to cronies with the Olympic Committee taking a "cut".  Doesn't matter if it's LA, Salt Lake City, Vancouver BC, where-ever.   The connected cronies get the dumbasses loot.

Life is about running scams on dumbasses.     Sports stadiums, cool war toy,   freeways for developers,  Big-AG for the "poor" farmers are all fun ways the smart-n-savvy people screw the dumbasses.    The stock market is just another scam.

LooseLee's picture

Fittest, my ass! Most connected? Yea. Fit? Obviously only fit at ignoring nature of SELF. Candy-Asses protected by BIGGER Candy-Asses and ASS-KISSERS! What a DISGRACE our corp. leaders are...

max2205's picture

Settle in for the scheduled melt up for the next few months....this bitch ain't going down

Beam Me Up Scotty's picture

"what I find interesting is that so many Americans continue to believe that the S&P or Dow have anything to do with economic reality...    when what the bankers are doing is stealing from the masses to keep stocks inflated.   freedom is slavery?"

When you take full control of the printing press, you can make the market do anything you want.  You have basically taken over, because you can direct an unlimited flow of money to send anything you want up or down.   The masses don't "get that".

NOTaREALmerican's picture

Re:  The masses don't "get that".

Why would "the masses" care?    The bottom 70% of the country owns nothing and lives hand-to-mouth and has for generations.

The country is owned and operated for the 10%.   The 10 - 20% are the people managing the assets of the top 10%, and the 20 - 30% group is just hanging one.

That means 90 million people (roughly) have some stake in the system.   The bottom 70% (210 million) are just worthless losers.  

lordylord's picture

It's Obama's recovery!  I should be richer now.  Right?  Let me go check my bank statement.

NOTaREALmerican's picture

As the saying about the lottery goes:   If you don't play you can't win.

The "risk takers" and "job creators" have been winning for 5+ years now.

lordylord's picture

Risk and job creation?  I hope those quotation marks mean what I think they mean.

Obama_4_Dictator's picture

Amazz...zaa..zaa..zing

Kaiser Sousa's picture

everythings FIXED now...

no i really mean it.....now im goin drinkin...for ur viewing pleasure...

http://www.youtube.com/watch?v=xXeS0EP4U9I

DetectiveStern's picture

That is brilliant. I hope you get a job at Bloomberg TV.

Frank N. Beans's picture

where's my nail gun?

Hindenburg...Oh Man's picture

the risk free market. Just insert money and make money. I've followed the NASDAQ e mini 100 since Fri...up 2.15 percent on Fri, up about .55 percent on Mon, now up almost 1.00 percent on Tues. How in any sense is this normal? 

NOTaREALmerican's picture

Re:  How in any sense is this normal?

Normal IS sociopaths screwing dumbasses.

We've spent the last 50+ years perfecting a society that rewards the behavior.  That's why 90% of the nation's wealth is owned by 10% of the population.  

Survival of the fittest.  So, now what?

Beam Me Up Scotty's picture

" So, now what?"

Drink and watch porn.

LooseLee's picture

I keep telling you, FOOL, that there is nothing 'FIT' about the people you describe. They are COWARDS who hide behind COMMUNISM, the MILITARY INDUSTRIAL COMPLEX, FASCISM, and other ideological illusions. You describe, and appear to worship the DREGS of society (e.g. the 10%). If you are one of them take heed. If you are not, prepare yourself for REBELLION against them...

Spastica Rex's picture

I wonder if the next five times will be like the last five times?

balanced's picture

So Yellen announces less [essentially] free money to go into the stock market... resulting in a market... rally? Sigh.

Up is down. Black is white. Meaningful is meaningless. Wake me when it's over.

BandGap's picture

I don't get it.

Why would anyone here think they could see anything coming? If there is one thing to be learned is that when the big whammy hits no one will see it coming. We are just now being conditioned to ignore signals, but that doesn't mean they're going away. People "killing themslves", people resigning, Puerto Rico's bonds getting blown up, the market over priced, emerging markets getting banged, China's "accounting", etc., etc......all this shit is real.

I sold my ENTIRE retirement portfolio getting me and my family ready, I am never going to retire. This shit is going to break apart and collapse. But I don't fool myself into thinking I know when, or that anyone can reliably predict when. This is the fucking US economy. Something this big, this pervasive isn't going to die easily.

The curtains are being peeled back. Relax and watch the show.

 

 

The_Ungrateful_Yid's picture

When the Shit Show appears you will not be just watching. If you play your cards right, you might want to take your family out of harms way.

css1971's picture

No, it's still more. It's just more at a lower rate. i.e. the 2nd order derivative is negative, but the first is still positive.

mcgoverntm's picture

TO ZH:

PLEASE ADD "PIP" TO YOUR GLOSSARY.  THE CONTEXT SUGGESTS THAT IT MEANS "BASIS POINT," BUT IF YOU ARE GONG TO USE IT SO OFTEN, IT SHOULD BE IN YOUR GLOSSARY.

Spastica Rex's picture

Small seed of a fruit, such as an orange?

What would the world be without jargon?

Those were rhetorical questions.

I Am Not a Copper Top's picture

Please unjam your Caps Lock key.

villainvomit's picture

I don't trade FX, but I would guess the  minimum price change for that particular currency= 1 pip.

i_call_you_my_base's picture

Even the people who are paid to take the market seriously must be scratching their heads.

NOTaREALmerican's picture

Why?   The people who are paid to take the market seriously are part of the top 10%.  

The top 30% own everything     If the bottom 70% of the country (let's call them - the trash class) were to disappear, who would notice?

There are two completely separate economies in the US:  The top 20 or 30%, and everybody else.    The bottom hasn't mattered for generations, they are despised, worthless eaters living off the nobility that made this country great.

i_call_you_my_base's picture

Every time "bad" news comes out the market rips. The "market" is nonsense and it becomes more obvious every day. Point is, even a moron should be able to spot it.

NOTaREALmerican's picture

Re:  Every time "bad" news comes out the market rips.

You are confusing bad news vs "news that is about worthless people".

Look,  there is two completely separate nations IN the US.   The bottom 70% are completely worthless and don't matter.  "Bad news" for the trash-class has absolutly NO effect on the OTHER nation - and economy - comprised of the top 30%.

Stop confusing the US as one nation.   There the winners - the most fit of society - the trash.   

i_call_you_my_base's picture

I don't disagree, but no hint at tapering the taper and continuing on as scheduled is "bad" news for the top 30%. Just like when the taper announcement pushed the market higher, just like the second round of taper announcement did the same.

So I guess your argument is that the market is legitimate, unmanipulated, except only so for the top 30%?

NOTaREALmerican's picture

Re:  So I guess your argument is that the market is legitimate, unmanipulated, except only so for the top 30%?

You can't have a "free market" when sociopaths are involved.

To the best of my knowledge, there are sociopaths everywhere in great numbers.  

The winners are always the smartest-n-savviest sociopaths.   Who else would win, the nice people.    So, IF somehow there was a free market someplace somewhere, the sociopaths would immediately be attracted to it SO they could manipulate it and screw some dumbasses.   

There's no such thing as a free market.

Doña K's picture

<<<< If the bottom 70% of the country (let's call them - the trash class) were to disappear, who would notice?>>>>

You would. Because you going to smell and no one would pick up your garbage, drive the busses and trains and fix your car and serve you junk food and on and on.

NOTaREALmerican's picture

Re:  You would. Because you going to smell and no one would pick up your garbage, drive the busses and trains and fix your car and serve you junk food and on and on.

I thought that's what illegal immigrants were for:  slave labor?  

SillySalesmanQuestion's picture

It is amazing...another face ripping for the shorts. Thank God I listened to my head instead of my heart last week.

FUCK YOU YELLEN!

disabledvet's picture

ummm...shorts create a market too.

if all of them get "stolpered out" then the very real risk of what risk even is becomes lost.

the 90's "tulip mania" was driven by massive volumes and a certainty of "incredulity." (no earnings...no even expectations of earnings. a "burn rate.") that is clearly not true this time.

in my opinion we're perfectly set up for a "two bulls colliding" moment where either treasuries are right (biggest bull market in history...heavily shorted) or equities are right (one of the biggest market runs in history but based on very little if not ZERO economic fundamentals.)

if you're having a had time talking the dollar down vis a vis the yen then I do agree...certainly something is heading for more than just an air pocket in the equity space.

Gamma735's picture

BUY THE DIP, YOU IDIOTS!  It will work and until it doesn't, then all hell will break loose and hopefully all this central planning, freedom stealing system will fail.

FieldingMellish's picture

Of course, EVERYONE was expecting a massive crash so naturally the market went up. EVERYONE can relax now and EXPECT the market to continue higher.... natch'.

GrinandBearit's picture

Yes, ZH did too, that's why it went straight up today -lol