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The Most Important Chart For Trading The FOMC Statement
As traders, economists, and TV talking-heads parse every word of Janet Yellen's first FOMC statement for hints at when the punchbowl (if ever) will be removed, there is - as the following chart clearly shows - only one thing that really matters...
h/t @Not_Jim_Cramer
And as we know all that matters for stock prices is the Fed balance sheet...
Unfortunately, for those hoping for moar, the trend is not your friend as it seems we saw "peak FOMC words" in December...
So now we know - we must see more words or it's all over...
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The HFT machines must be ejaculating over this (more words to drive stocks higher)...they also know that Yellen is a bitch (female) but they cant understand pictures (which shows her to be the real hag that she is) or else they will be crapping all over the place.
The only thing that matters is who gets the leaked information first so the HFTs can roar ahead.
What if they show us a picture? Is a picture worth a thousand words?
Lots of "hot air" to blow big bubbles.
Whoa whoa whoa whoa....Yellen is female??
MOAR!!!!
This J-bitch cluelessly blabbers on because she likes to beat around the bush.
I seriously can't wait to see Chairmother Yellen play mother hen to the press corps.
are you referring to the puppet show where "journalists" ask questions that have already been pre-approved by the fat cow? what happens if someone grows a pair and asks a real question (ie, how much money did the Fed lose on its MBS holdings in 2013)? arrested and sent to quatanamo?
Think Helen Thomas can answer that one....
S&P soars... PM smack. That is how you trade it. Gold already slipping in anticipation...
Well.. I was half right.... mind you... SP climbing now while PM spanking continues...
i heard yellen was really chatty ...
all women need to get their 1000 words in daily...
it would be cool if we could get gold down $25 before 2pm so the next $25 drop seems less violent and more orderly.
a 70 year old fat degenerate cow is running the Fed. all you really need to know about how fucked the US is.
this is an insult to cows everywhere... and probably a civil rights issue...
MOOOO motherfuckers. Just MOOOOO.
Janet's first statement today will be "I'd like ya'll to refer to me as the Princess of Printing, Biatch that Buried Bitcoin, Madame of the Market." She'll throw in the "ya'll" even though in the real world she doesn't use it, just like our dear leader.
Janet's first statement today will be "I'd like ya'll to refer to me as the Princess of Printing, Biatch that Buried Bitcoin, Madame of the Market." She'll throw in the "ya'll" even though in the real world she doesn't use it, just like our dear leader.
Twend is not your fwiend....
I've got my stack of bricks ready to hurl at that bung hole Liesman when I tune into the "Blowhorn CNBS" for 30 seconds to hear the FOMC announcement.
Someone needs to Benny Hill slap that bald headed idiot. Right on live TeeVee.
"only one thing that really matters..."
The Fed's "shadow ops" in Brussells.
So if I'm reading this right, there is a direct correlation between the Fed's balance sheet and the amount of hot air exhausted by the Fed chief. Each day, the world reaches a new dimension in concrete manifestation of hitherto ironic symbolism. It's seriously amazing.
The bigger the balance sheet, the more they have to convince the world that they're doing the right thing and not monetizing the debt. It actually kinda makes sense.
More rationalization = more words.
Yellen about to say taper on cause WE can't afford to buy any more of that shit.
does Hilsenramp already have his 578 word piece out yet?
Yellin to the high heavens! and saying what? 3 more years? They'll pull the plug when the Reps regain control. Either way it's a Chinese firedrill.
The American clown show, all smoke and mirrors, no economy what so ever.
Phd's don't stutter "um" "uh" and "you know" so we know Obama may be in the running for Fed chair in a few years.
Taper continues regardless of unemployment level. Bullish!
The Fed dumped the UE as a barometer because like all things bullshit can even overshoot. At the current rate the Office of Making Shit Up will announce a 2.3% UE because if dead people can vote they sure in the hell can work. Besides in order to keep the ponzi debt baloon filled they will need to be giving Earned Income Tax Credits and food stamps to the dead.
Correlation is not causation, except that sometimes it is, like probably now. Maybe the best Fed strategy would be to stop printing dollars and just print lots of words.
X + bullshit = $ ** bullshit
Bullshit, ask for it by name!
One of the best posts ever on ZH