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Stocks Close At Record High On Russian ICBM Launch
It would appear the BFTATH mentaility has morphed into a BTFICBMD perspective as the "market" shrugs off an 'apparently expected' ICBM launch to soar to new record highs with the best day in stocks for months (if not years). USDJPY was in charge intraday as 102 was flushed through (with JPY's biggest drop in 2 months) and dragged stocks (led by the "most-shorted") non-stop. Equity volumes were 20-30% below yesterday's. The USD was relatively unmoved on the day (modestly higher oddly on a risk-on day). Gold and oil prices slipped (but remain in the green on the week) as Silver slipped into the red. Copper rallied. Treasury yields surged 6-8bps (the biggest jump in 4 months) as 2s10s steepened 6bps. VIX was cracked 2 vols lower to 14%. The S&P closed at 1873, just 27 points shy of Goldman's 2014 year-end target.
For a brief few minutes, stocks actually sold off - when Russia launched an ICBM - but what a great opportunity to buy that was:
and across all the indices - the launch of an ICBM was hardly noticed (especially Trannies)... evidently the bulk of gains wer ein the US open to EU close session...
Credit was a little more apprehensive of the record highs... from the EU close and again from the ICBM launch...
But USDJPY was in charge of stocks... fun-durr-mentals!!!
Which smashed the Russell to all-time-highs, the S&P to all-time highs (and therefore green for 2014) with only the Dow in the red still since the end of 2013...
Financials pushed back into the green for 2014 leading the way along with Healthcare (Biotechs) today...
The Fantastic-Five were mixed today with all of them weak after Europe closed...
Treasury yields smashed higher with the biggest yield rise in 4 months... with notable steepening in 2s10s
The USD went dead-stick after Europe's close to end up around 0.5% on the week...
While correlations across risk assets were high, the afternoon - post US open, gold decoupled - not selling off as much as would have been expected...
Gold and oil sold off and recoupled with copper as Silver slid into the red on the week...
Since its 1979 inception, the small-cap Russell 2000 has been +3% to a 52-week high only 1 other time, Feb 29, 2000... that didn't end well...
Charts: Bloomberg
Bonus Chart: Stocks are the most divergent from broad risk sentiment since the big correction in 2012 (h/t @Not_Jim_Cramer)
Bonus Bonus Chart: The Nikkei's disconnect from USDJPY has been recoupled...
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They test while we mothball.
This market could survive anything....like a cockroach
great way to goose MyRa
Does John Kerry know who they test-fired it at?...
Just askin...
Well.. Finally those capitalist pigs will pay for their crimes.. Eh, comrades, eh?
http://www.youtube.com/watch?v=P6WD7B_I_9c
The old SS-25. Ah, Cold War days.
russia is doomed,http://thediplomat.com/2014/03/russia-is-doomed/
Just look around... we're all doomed.
At least it was only one missile they tested. I'll worry when they test a few hundred at one time. Since we have about 90 minutes I'm sure that will be the lie told to everyone, they are just testing a few hundred ICBMs and so are we.
It's 15 minutes or less.
Less than that if it's a boomer off either coast. Try 90 seconds.
Thoink of the rally that would ensue if the Russians would fire on Washington!!!
Buy when the first shot is fired....i don't think they had ICBM'S then.
Think of the executive order Barry would sign as it re-enters the atmosphere.
KRSE, THE Keith Richards Stock Exchange
till you buy in.
This market could survive anything....like a cockroach
Mr Pink
That will come in handy as the cockroach monitors our investments when we're all gone!
BTFHATH[Mushroom Cloud]!
BTFMAD
ICBM is the new QE.
Next: Yellen fired three minuteman missiles, to support current SaPoorski level of 2900.
We need a Major Kong graphic to complement Donkey Kong and The Deer
BTFWTF.
Of all the bullshit I've witnessed in this market the past 25 years today takes the cake. What a total fucking Pig Circus.
Or a pig-fucking circus; retail = the pig.
Muppet fuckers. I like the sound of it better. Hell, it would be a great band name.
Tyler, this was planned WEEKS ahead...and the USA knew about. are you really that ignorant or just trying to sensationalize non-news again?
But the algos are so brave ... it's inspirin' ... you go guys!
Because 0bongo.
it's vital to grab that yield before the mushroom cloud appears. it might not be there afterwards.
The puppets in Kiev only need to look at Greece to see their future. Shit is hilarious and confirms that stupidity has no bounds
How about those IYR's...
this is the rally that was supposed to happen yesterday so they made up for it today.
"STOCKS CLOSE AT RECORD HIGH ON RUSSIAN ICBM LAUNCH"
or
why I love ZH. Tyler.....you're the best!
We're on the highway to Hell
No stop signs, speed limits
"Hey Yellen! Paid my dues....playing in a HFT band."
http://www.youtube.com/watch?v=6rYR5aX2K7E
Apparently. Too bad we are not in the driver's seat...
so now stall correlation becomes blast off ?
Who is the pilot on this plane?
Otto Pilot
Well if you don't know, maybe yours is goin down.
if we have problems hitting DOW 20K, they can nuke a city and we will get there no problem. Krugman was right.
War is bullish for markets
Blood ($BLD), Death ($DTH), and Destruction ($DES) all up in mid day trading.
Common Sense and Decency also saw losses.
"Common Sense and Decency also saw losses"
Yes, but on low volume.
nuclear war is bullish for markets
fixed it for ya.
i get the feeling i'd be making money as a trader just by BTFD even as American cities burned under a nuclear mushroom. kinda sick, but while the music is playing... we've gotta dance!
Just don't get to exhausted dancing between the lines.
All of the EMPs from the detonated nuclear warheads would knock out nearly all electrical devices: no internet servers, no computers, no mobile phones, no ETFs, no markets, no faceboob or tweeting. For the survivors I'm not sure what the biggest shock will be: the nukes or the lack of gizmos to satisfy their narcissism.
That would be rough on the ole shitcoins....
The upbeat is Obama's budget promise of stellar growth.
Hurry and Short Sanity before it is too late!!!
In the grim humor category.
http://www.krmg.com/news/news/local/man-found-decapitated-police-suspect...
Man found decapitated, police suspect suicide Wife found the body of her husbandThe incident happened near 46th and Sheridan.
Police say a woman who lives in the home found her husband dead in the garage.
His hands and feet were tied and the body had been decapitated.
Tulsa police told KRMG news the death was due to suicide.
Well you can only cut your own head off once. As opposed to shooting yourself in the back of the head 3 times.
Or... As supposed to shooting yourself EIGHT times with a nail gun.
Complete ridonkulous markets - I saw RoboTrader's mom today & she was Rollin' in a Bentley Arnage.
But seriously, this is multitudes more irrational than 2007's peak batshit crazy.
I'm nearly 5 digits in the red (and that's on a bear put spread) on a broad short position I opened about 12 trading days ago, but NO GUTS NO GLORY...but I will rock this with a drip-drip Taleb style, deep OTM bang-bang patience...
BITCHEZ!!!
i've been told this is what the Dotcom bubble was like. unexplainable rallies that wouldn't retrace until the game came to a screeching halt. we've got some ways to go before Shiller ratios hit those peaks.
Looks like it's time for cutbacks.
keep the faith TIS!!! you are inspiring!!! i only hope im with you when there are a few last men standing in this bear bloodbath!!!!
Thanks. I was a deep 5 digits in the red (1st digit beginning with 8) before my losses were erased and it rained nothing but cheddar in 2008.
And life is short & I am playing with a relatively small portion of the gains gleaned last go 'round.
What else am I going to do? Go long salesforce.com, bitchez?
Fewer ICBMs than expected.
ICBM PMI was suppressed by the polar vortex.
you have your facken missiles but we have the facken Teflon market
Hmm... Emperor Palpatine threatens to use the Death Star to blow up Earth.
Stocks go to infinity!
But seriously would stocks tend to infinity as the duration of Earth's continued existence tends to zero?
You gotta love these "markets".
Housing sales miss? Stocks reach record highs.
Mortgage apps plunge? Stocks reach record highs.
GDP revised downward? Stocks reach record highs.
Bad jobs report? Stocks reach record highs.
ICBM launched by Russia? Stocks reach record highs.
It doesn't take a financial wizard to know that the "markets" have been replaced with a constant spoon-feeding of money from the Fed. All that matters at this point is how much gets printed. As long as ctrl+P is on, it's gonna be stawks to the moon despite all the shitty news about the economy and the rest of the world.
But record auto-loans and student-loans mean the loot is flowing. As long as loan-loot is pumping through the veins of the economy there's absolutly nothing to be pessimistic about.
It's like I said awhile ago. When the Fed as head of the World Banking Cabal, controls 51% of the bond market, it is game over. THe bond vigilantes are neutralized. The central banks will then control the bond market and the printer. That means the ponzi is self sustaining. It is the only plan that makes sense when you look at it from the twisted mind of a sociopath banker. Once the threshold is reached, it doesn't matter who tries to sell bonds. China dumped bonds and Belgium bought them. Market rallies. Russia will do the same thing. Doesn't matter when you control the bond market and the printer. That has to be their game. Russia fires an ICBM. Market rallies. It's not that the Fed is out of bullets. It's the world is out of bullets to stop the Fed and the World Banking Cabal from cornering the bond market. ZIRP is the new normal and will continue to infinity and beyond. Debt becomes sustainable in this environment. Repukes cave on debt ceiling. 0zer0 proposes a budget with another stimulus paid for by debt. The EU is a failure, but it is EXPANDING to Eastern Europe. China is the first country to get Direct Bidder status at the Fed Window. A great world wide Ponzi. A sociopath bankers wet dream. Pump & dump to fleece the middle class of whatever assets they have left. The world masses become debt slaves (serfs) in the New Feudal World Order. I know it is counter intuitive, but it has to be their plan. You just have to think like a sociopath to see it. Even now, it even messes with my head, but it makes all this bullshit make sense. The window is closing fast.
BTFD OR FUCK OFF
Because the ICBM launch was likely scheduled months ago and everybody capable of detecting it knew about it in advance...
Nothingburger....
Yup, if anything this is a very positive market signal, as Russia continues to advance its doomsday hyper weapons in the face of harsh criticism and the possible commencement of WWIII. This exceptional commitment bodes well for future growth in the Russian economy and this should further buoy an expand the the regions 20 years of stellar rise of GDP, consumption and economic activity, and the growth and co-development of the govt can corporate partnership in these vital sectors. If they keep informing the markets in this way we can expect very great things to come of it.
General "Buck" Turgidson: Gee, I wish we had one of them doomsday hyper weapons...
http://www.telegraph.co.uk/news/worldnews/europe/ukraine/10674260/Ukrain...
sure they did said that....
right after Putin in his press-conference earlier today recalled the troops to barracks himself
Kerry threatens to hit Putins fist with his nose.
He's had a lot of practice and a flattened face to prove it.
Putin is now a technical indicator.
Fuck RSI, when Putin launches, go long!!!!
FUCK YOU YELLEN ROTTENBOX!!!
apparently gold doesn't do much good when the ICBM's start flying.
It did recover however.
This is looking the live a VERY hot war with "all sorts of governing authorities getting bad ideas."
Use of force as a "last resort"?
I thought this was about the whole "little brother" thing.
In any case this rally/sell off made little sense to me today...although fuel cell stocks "moonshot" here. Apparently there is a strong belief that natural gas prices are going to go through the roof here and as a consequence there appears to be an "asset grab" going on.
Dangerous stuff because computers can't calculate "uncertainty."
Obviously as humans we understand "Ukraine" means nothing but risk...but a computer doesn't understand that.
For example "the President has the launch codes"...not "the WOPR."
Hard to tell if President Putin is the "Crazy KGB Colonel" or not...but I disagree with those who say he is acting rationally here.
I think he sees Ukraine as "Kiev Rus"...and not "Ukraine"...and indeed he has said as much.
But of course Russia has always seen "Ukraine" (so defined) as "Kiev Rus."
That's why there are so many bodies buried there.
Tens of millions actually.
Ah, yes what a fine script not even to cold war standards...mysterious KGB Colonel Vorodin, keeps launch codes next to vodka bottle, versus CIA drone Soetero, who recently deposed his military top brass...brilliant C movie.
Is this the blow off top?
Re: Is this the blow off top?
Yup, same one from three years ago.
stocks recovered after everybody learned from russian officials that the launch was planned even before Ukrainian crisis
what is there to really say?
made up crises to ramp up markets, terrible data totally ignored, nothing matters anymore, they will ramp it up to record levels no matter what.
the only thing that will bring this shitfest down is a bank failure.
Maybe the markets will never collapse, and the banksters will stay in charge indefinitely. I will still put my wealth into PMs because FUCK THEM.
Is the fact that the stock indexes are not allowed to go red in light of any shocking event part of a con game or are we observing something else at work? How many different PPTs are keeping these indexes in the green day in and day out? Derivatives must be involved somehow.
Re: How many different PPTs
Why would "they" need a PPT with so MANY pathological above-average people in America who don't even know what a nuclure war is?
The way things are looking it will be a "noclue" war. I am just wondering whether these derivative contracts are making paper wealth on autopilot.
"Is the fact that the stock indexes are not allowed to go red in light of any shocking event part of a con game or are we observing something else at work?"
The stock market is anticipating much stronger growth.
Bwahahaha.
The algos thought "ICBM" meant that Cisco and IBM had a merger.
the people running them (aka. former Army) are stupid enough to think so.
No, IBM (IBM) merged with Citi (C).
I really wish we could just stop talking about news, events and economics like they have anything in the world to do with today’s Federal Reserve pumped up Stock Market.
The Middle Class is being Molested by the degenerate, vulgar maggots running the Federal Reserve system, Corporate Media, and mega Banks. End of Story.
What the fuck will we do it about it?
Please quit talking about Wars, False flags, Jobs reports, PMIs… They are raping us as I speak.. Stealing in broad day light daring you to do anything..
When will we grow tired of being raped by these Maggots?
It’s as if we enjoy it.. Every day we wake up and act as if today the Economics will matter..
Come on people.
The Fed system must be Eliminated.
Re: The Fed system must be Eliminated.
The degenerate, vulgar maggots running the Federal Reserve system, Corporate Media, and mega Banks - who also own all the local, state, and Federal politician - who also happen to be supported by the top 20% - will be getting right on this great idea.
Looks like you need to find some way to unite the bottom 80% - the losers of the survival-of-the-fittest society - into a revolution. Good luck!
When has war ever been bad for the top 10%?
i told you over the weekend the dow jones is honey badger. honey badger doesn't GIVE A SHIT about anything. there is no stopping honey badger.
This is the latest print I have on the T-10.
2.700 2.608 2.701 2.603 +0.092 +3.51%Is this how Communists in Russia live? Where do I sign up, dude?
http://www.blv.ru/
Perhaps it's time for a BATF.... contest? (think of it as gallows humor/l'humour noir)
Winner gets a copy of Trading Places and a Franklin Mint commerative souvenir.
My entry:
BATF4HOTA
People pooh poohed me when I said yesterday that we would be making new highs by Wednesday but here we are; bears getting blown the fuck out!
Passing 1900 is not even a question at this point, it is a given. The real questions are will we pass 2000 by the end of Q1 and how many months till the COMP breaks out to new all time highs. Both are a 100% certainty, it is just a matter of when.
Seriously, there is ZERO chance that this market goes down at this point; Z.E.R.O. its simply not possible. The only thing that could ever cause the US markets to decline in any sustained way from here would be if we got a president who disbanded the FED and stopped the presses. Or maybe in a year or two from now when the S&P is trading around 5-6000 we could pull back 40-50% but that would still put us substantially above here and good luck holding shorts through that move.
Hell look back at the mid 90s, you could have been short the market in 95/96 arguing that we were overbought and in need of a correction. Ultimately you were right, 5 years later and 300% higher we pulled back but if you even managed to hold shorts for that period you never got em back, not a single fucking chance of it.
same thing will happen here. The market will never again in history trade below 1600 so your risk is a couple hundred points down to 1600 reward up several thousand S&P points from here at least, pretty easy bet to make.
Just close your eyes and buy em.
I'm gonna buy now and then use the profits to get me a place on Elysium, where the smart-n-savvy people will live.
I am thinking the same but 1200 for a 50% drop later from 2400
If people didn't get the hint when we miraculously changed direction at S&P 666 that fateful March day in 2009, then watched as the sucker went up over 1200 points in just five years - nearly a tripling in value - then I don't think they're going to get the hint now.
Re: I don't think they're going to get the hint now.
No, most people on here view the economy and markets as some-sort-of morality play.
The moral people doing this, the immoral people doing that, the resolve to stay moral, ...
Some brains don't get the best configurations. Survival of the fittest, shows up in many ways.
Here, here!
Can't give you enough greens...My sentiments exactly. This has got to be the screwiest day in the markets since 1987.
It's all one massive fraud. The whole world has gone insane.
Oddly enough ICBMX was down on the day, go figure...
Dr. StrangeMarket. It's after our precious bodily fluids.
I'm sorry to be such a noob, but could some kind soul tell me what 'BFTATH' means?
Buy the fucking all time high
Thank you. I wasn't up to date with my Zero Hedge acronyms. I was trying to infer the meaning from the context but no dice. These posts will make a lot more sense now.
Until the market drops 50% it is just playing around.
Vlad is now underwriting the market.
What could go wrong?
hahahahahaha
Shorts got off cheap
Buy at the sound of cannon sell on sound of bugle
Russia knows they have insane liberals at the helm of the US.
The politicians in Washington are more concerned about gay marriage and getting high off of pot.
Decreasing the military and spending money on social programs have the highest priority.
Time for China and Russia to take whatever they want, in the mean time the US can get all drugged up and dressed up in drag to express the new US,
The Fed's printing 86 000 000 worth of ICBM's a month and that is the only thing propelling this market. It's printing enough money to contain 172 Fukushima's (compared to how much was spent on it initially). Academically speaking, every nuclear reactor in the world could go into meltdown an the Fed would have it all under control in as little as 2.5 months...
Nothing to worry about! Fed's on the case!
Whu... Wha.... ICBM?
Fuck. Glad I'm drunk.
http://imgur.com/96dybq0
This is what the cold war was like wasn't it? Russia moves around some troops... america panics. Russia does a thing that is entirely within reason given a circumstance, america panics. Russia tests a missile or moves a ship... america panics. America does a conveniently-timed aggressive drill and calls it "pre-scheduled", tests weapons aimed directly at Russia, publically talks about how they will go to war over everything, laughs about nukes and how they will totally use them.... and if Russia does or says anything in response.... america panics. What a bunch of fucking girls.
Just checking up on Puti’s background, and I found this surprising factoid:
“Vladmir Putin earned his BA in International Showmanship from the Pyongyang School of the Performing Arts, where he was named the Kim Jong il Dear One Scholar.”
I didn’t know that either, but it certainly makes sense now.
Seemingly lost amongst all the praise for his manly actions and the multiple masturbatory orgasms achieved by posters such as the love-struck Freddie, as they gawk at photos of a bareback-riding, bareback and botox'd Puti, is that it is quite likely Putin is batshit crazy. Well, unless we are to join the bandwagon of ZH posters who believe insinuating nuclear Armageddon is a manly man thing and a chess Grandmaster's move, we might begin to entertain the possibility of mental instability on the part of Putin.
Funny you should say that--on the way home from work I listened to NPR interviewing someone who called Putin "unhinged" because he had these crazy ideas about the US fomenting revolt in the Ukraine. I thought it was an ominous bit of MSM rhetoric, reading MSM as propaganda organ. I guess you're on the same program.
Blaming the US for the incompetent bunch of kleptocrats he was backing is about the only thing he can say...
It should take more than a tiny shove to topple the supposed Crown Jewel of the FSU, not to mention the home of the Black Sea Fleet...
The $5 billion over 23 years is peanuts, that is 100 days of gas revenue from the Ukr pipelines.... pittances in the grand scheme of things...
The man can reasonably be accused of many things, being crazy is not amongst them.
So why are you so bothered by the relative praise Putin gets vis a vis Obama, who is a narcissistic puppet controlled by banks and zionists and war profiteers?
If you don't like crazy then perhaps you'll accept childish? Or are you one of those who think it's manly to choose today of all days to test fire a nuke? Or maybe little guy problem? Do you think the Turks are comfortable that the guy keeps an image of Nicholas I in his office? Is it possible that his seeming affection for that dead Tsar is indicative of his long range plans?
As for Obama, I don't recall ever uttering a word of praise for him. Can you understand the concept of seeing both sides as undeserving of either praise or respect, or do you insist everyone must choose from (old style) Red or Blue? Whatever happened to a pox on both your houses?
I see you subscribe to the school of thought that nobody anywhere in the world ever has an original thought or a personal desire, and must rely on a select group of uber clever folks who habituate Langley, Foggy Bottom or Ft Mead to know what to think and how to act. Makes the world really simple, no doubt.
B TFWIII