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Russell 2000 Up Most Since 2011
Volume is around 35% below yesterday's pro-rata but none of that matters. The S&P 500 is at record highs but it is the "most shorted" and most notably the Russell 2000 that is just exploding higher with a massive gap. Up over 3% on the day, smashing to new record highs, this is the best day in over 26 months. This is the biggest rise in stocks since October 2011 (when global central banks came to a co-ordinated rescue). Bear in mind that the Fed already noted small-cap multiples were over-extended (5% below here)... but BTFATH anyway.
Just an incredible surge in the Small Caps...
.
Which has ramped the Russell to play year-to-date catch up with the Nasdaq...
And the big winner since we the "most shorted" on 2/21... is the "most shorted"
It's just that kinda market - Thank You Janet
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Looks like March, 2000 all over again.
No, I am not going to short here. My crystal ball has fucked me too often.
Now the stock market can deny the prospects of war too. Isn't this grand?
Eric Dubin
dam dude, didnt know yellen could pop a woody
There's usually a lot of bullshit daily, but today is really pushing it.
Get used to it guys, this is what we can expect for the next few years: manufactured crises that come to a "miraculous" resolution so that we can all heave a sigh of relief and BTFATH.
Apparently, the markets thought they were valued just fine before Ukraine.
This makes me think the algos are like HAL 9000: an innocent being that went insane when given conflicting orders. The algos main problem is that they aren't cynical enough.
No one left to sell. Gets 'em every time.
This feels like Pink Sheets with 10 Guys in the market buying and selling at the same time driving the price higher or lower.
Well only higher in this case.
Edit: forgot something:
To the Moon
Mmm...Cotton Candy!
Interesting, what are short term interest rates now, compared with 2011? The U.S.S.A needs to fund some liabilities in the next six months. Just saying, discuss...
@LawsofPhysics
Will the Fed undermine it's cough cough credibility to do that?
Fed may need to let inflation run hot to meet goals: EvansHe must have forgotten his to take his immunity pills if he really believes "inflation is too low". he starting to believe his own bullshit. This is one reason a brewer doesn't hire an alcoholic.
True (and funny) but I was referring to letting interest rates rise earlier.
Their playing the shorts. They get the shorts sucked in and then they squeeze it. Dip buyers still doing decent.
No place else to put your money as one guy put it.
BS, Silver still under $25.
Just took possession of another stack today.
I just bought a steel mill.
Damn, that's bold considering the amount of calories required to make such a mill run.
The Russell must die.
Time for a Bear in the Headlights- MEME
I've been trying to keep a low profile ... The world appears to be coming apart while our 'leaders' in DC are fiddling with words and the markets reach new all time highs. When insanity reigns, the best thing to do is hibernate.
doom porn cancelled, it turns out putin was in bed with the maggots after all. sincere sorry out to all you short-selling doomtards. All the rest of you were right, BUY WW3, BTFD, or get left behind bitchez!
The sheep are all fat and happy, passively sleeping away with every statement they recieve higher than the last. Seems like a good time for a slaughter.
Just wait until Yellen tapers another 10 billion, and she will. 55 billion per month is plenty of crack for the junkies folks, but the rest of the world is forcing the Fed's hand now.
Exactly...condition longs to BTFD every time, severely punish shorts...anything and everything to show "This market is going up because it is DISCONNECTED from FED policy" Expect more of this as the FED "withdraws" liquidity...
The 10 year is up 2.6% so I'm anxious see how well the "bukkaki theatre" markets hold up over the next 24 hours.
SING IT BABY!!!
Yeah, they say two thousand zero zero party over,
Oops out of time
So tonight Im gonna party like it's 1999
Yeah
DUDE WHERE'S KRUGMAN? PARTY IS STARTING!!!!
he's doing the math on how the USA and Europe can "fiat" this thing without inflation. that would be not only an all out confrontation with the Russians but then how to do a "buy and hold" so to speak of Mother Russia.
Follow the fed or get fucked..
"Thank You Janet"
Fucking c_nt
They have to get the Big Dog $INDU to an all time high to complete this mission.
Maybe we can get Obama on the floor of the exchange in a fur coat with the words "Mission Accomplished" as an homage to his 'progressive' presidency.
Rope-a-dope and chump change Obama and Commander-in-chimp Dubya, what a lost decade+
Such a strange day. I have a google finance portfolio full of index funds that I watch, and the ONLY one down today is gold. Real estate is up, drug companies are up, oil is up, utilities are up, industrials are up.