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Yellen Speaks - S&P (and USDJPY) Surge Above Key Technical Level
Having decoupled entirely for almost 30 minutes after the Yellen testimony was released, USDJPY and the S&P 500 have now rejoined their delicate fun-durr-mentals-based dance. From the moment she started speaking, stocks began to rise. The S&P 500 cash index opened above 1,800 and has now surged back above the key 50-day moving average (thanks to USDJPY hitting 102.50). Bonds continued to leak higher in yield (5Y +5bps). Gold is surging off kneejerk lows (+$14 from post-Yellen lows). VIX is back under 14.5%. Nasdaq has now rallied back to unchanged for 2014.
Fun-durr-mentals...
Bonds holding losses but gold surging...
as Nasdaq rallies all the way back to unchanged in 2014...
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Retail Apocalypse? Major Chains Closing Hundreds Of Stores
http://newswatch.us/retail-apocalypse-major-chains-closing-hundreds-of-s...
Yellen is even more clueless than Bernanke. Sigh...
What part of that comes as a surprise?
So central bankers tell us they can "make something from nothing" and that they can do it forever! The human minds instinctly knows that's not possible, however the ego and it's superiority complex coupled with psychological fixations with convienence and entitlement, tells them we want them to try!!
If you look at the 20th century, where the real world intersected with fiat currency madness, all that followed was massive war and death (WWII, WWI, and the Cold War) but what also emeged during that period was the greatest period of global entitlement and technological convenience in the history of humanity!!
So now we enter the 21st century with the "greatest global experiment of fiat currency creation" in human history!! So if history is a predictor of the future, do you really believe there ISNT going to be another massive military global conflict, that wipes trillions of dollars of value into oblivion???
I'm sure in 1914, this comment would have been laughed at too!!
Same game, different casino. Or is it same casino different game?
same casino
same game
different croupier
this nice old lady would poison us all and attempt to make us feel grateful
You get a choice of poisons. The glass half full or the glass half empty.
It would have done that even if she farted. It was all planned. Wether it can stay up is another matter. These fuckers need to lose big on all this manipulation. They cannot control the EM's collapse
If you watch the tape carefully, you could see them ramping up the market. At 11AM, they went full retard. It's very very hard to be bear in this market. You gotta remember the FED can print an unlimited amount of money and use it to prop up the market as it sees fit. Moral hazard to say the least. That's why we call them the chairsatan. You, your kids and grandkids will pay dearly.
It's clear that someone or something just ramps the S&P on days that could be perceived as bad news. The introduction of the taper, the news of the second taper, last week's jobs report. Then the news can turn around and say that the impact is precisely the opposite of what should happen. It's all fucking made up. Period.
Why does this not surprise me? It's just going to go up and up until some algo decides it's time to sell, sell it all. I'll call that day The End, just to make it easier to remember when it happened.
So, any bets on when this current rug gets pulled out from under us?
Need few more defections. That's if you believe they control things. My guess would be afer the Olympics when they have one more Bad Guy to point to.
I hear rumors Holder is leaving the DOJ soon.
Hillary and Yeller will be going for your balls.
Ben-wa-balls already did that.
http://en.wikipedia.org/wiki/Ben_Wa_balls
this 6 year rally is killing zero hedge readership
when there are less than 100 readers per post..then we capituation is upon us
in the meantime, drink the potion
I don't know that it's killing the readership, but there are definitely a lot fewer comments. When you have seen and discussed just about everything, how much more is there to say?
Tapering causes the market to sell off a whoping 5.6%, earnings are dismal, economic numbers are dismal, and NO TALK OF UN TAPERING and market goes up. ZH's are just fed up. The Market will be held up perpetually and ZH's will quietly fade in to the sunset in tears. I know I have already done all my crying and lost a shitload of money trying to make rational logical decisions from the good information provided on these pages.
The house always win....don't fight the Fed....GS will rule the world.....JPM will continue to rape and pillage the citizens of the US and rest of the world and get away with it
"The house always win....don't fight the Fed....GS will rule the world.....JPM will continue to rape and pillage the citizens of the US and rest of the world and get away with it"
Now you have the right idea. I respect Tyler for his efforts but in the end, if you ain't in the big club, you ain't shit. God will be the Judge for these criminals.
Just the central banks and their "followers" (ie: all other banks) pumping it up to try and unload again on the herd.
The next move is for the media to whip the herd into a buying frenzy.
Want to fuck the bankers??? Stop spending. Sell all your longs and stay in cash / short term interest bearing (both are near zero).
As soon as the banksters get their "tipping number" they will unload and the herd will get fucked again.
There's no POMO today. But those $100 billion+ reverse repos keep rolling in!
http://www.newyorkfed.org/markets/omo/dmm/temp.cfm?SHOWMORE=TRUE
"Ta" is not a word Mr. professor.
for ZH heads and real money advocates...
a personal take on todays Moneychanger bullfest...enjoy
https://www.youtube.com/watch?v=xXeS0EP4U9I
http://dhnnews.com/a-chinese-hard-landing-could-knock-1-5-percentage-poi...
The party is over once China crashes. 1.5 points is way too modest
You find other on-line sellers are beating Amazon these days at their own games. Newegg beat Amazon by 12%.
Also another shop was 51% cheaper than Amazon. All with shipping included. Seems like other online reatilers are learning Amazon's game.
After many brick and mortar stores are gone it's attack of the on-line retailers.
Alll that vacant commercial space will need to be bulldozed down and turned into open fields.
I wonder if this ramp doesn't have something to do with the House caving on the debt ceiling issue.
http://www.forexlive.com/blog/2014/02/11/house-to-vote-on-debt-limit-ton...
That wasn't fully priced into the markets. IMHO
Nope...the debt ceiling resolution will be the reason given for tomorrow's 200+ point rally. Today, it was all Yellen.
Only bad news is "priced in." Funny how that works.
S&P 1900 is a guaranteed lock, probably by month's end. Then, 2000 by Easter.
What bothers me is what did Warren Buffet, John Paulson, and George Soros not see when they bailed out of stocks that Yellen knew?
Surely they got spooked...or did they? I just gotta know!!
this was expected.
the market fucking rallys on a fucking putrid jobs report, why wouldnt it rally when yellen farts?
Is Yellen related to Jeff Lebowski?
C: What in God's holy name are you blathering about?
Y: I'll tell you what I'm blathering about... I've got information man! New shit has come to light!
"Well sure, man. Look at it... a young trophy wife, in the parlance of our times, you know, and she, uh, uh, owes money all over town, including to known pornographers, and that's cool... that's, that's cool, I'm, I'm saying, she needs money, man. And of course they're going to say that they didn't get it, because... she wants more, man! She's got to feed the monkey, I mean uh... hasn't that ever occurred to you, man? Sir"
Go AU & AG!
Please just keep talking Janet you odious cunt!!
Yellen opens her maw and equities ramp.
But hey, markets are based on fundamentals and not FED stilts and duct tape, right?
At least Gold is going higher. I wish people would stop wasting time on fundamentals. She and her ilk are in full control. If you are playing the markets, the only thing you need to watch is the flow of money into and out and buy dips. It looks like the Jan effect is over and maybe over the next few weeks there will be gains to be had. I don't see any fundamentals (job reports especially mean nothing to these criminals) bringing shit down. The next robbery aka collapse will be the big one anyways. The game is well into the advanced stages.
Gold Goes Vertical, Breaks $1,290 During Janet Yellen Testimony
Gold goes vertical with short squeeze in action after the $1,270 level today. The highest print was $1,292 so far and the real game of music chairs will be started after $1,300 and tomorrows headlines. The big boys are loaded as well as flood of articles positive for Gold in WSJ, Reuters and Bloomberg can indicate. General public is still chasing the last Bubble in the general equites and GDX - ETF with Gold miners is breaking above 200 MA today. The real reason for the run are actual Chinese numbers from Koos Jansen report of 2,181 t of Gold consumed in China in 1213 and the coming shortage of physical Gold.http://sufiy.blogspot.co.uk/2014/02/gold-goes-vertical-breaks-1290-durin...
Pinko Commies buying equities again. Unfortunately, they will give it all back and more this year....
Damn the taper, FORWARD!