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Stocks Soar At Open In Daily Deja Vu Yen Implosion
Presented with little comment aside to ask... sustainable? Every string will be pulled today to ensure that the S&P 500 closes in the green for Q1, this is just the beginning salvo...
USDJPY may need to ramp to 102.75 today to assure Q1 green close
— zerohedge (@zerohedge) March 28, 2014
"we don't need no steenking news..."
In english - the algos, in all their glory, used the power of JPY to spark momentum into stocks and run all the stops through the open... we suspect this will not last given the total lack of follow through in any other asset class.
as we noted earlier...
USDJPY is about to be shocked by the bullish news that it is 9:30 am
— zerohedge (@zerohedge) March 28, 2014
As an add on, Copper has retraced 50% of its CCFD-liquidity-driven downswing...
So China is fixed too?
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Manipulation? Nah...
DavidC
They can't cover up the stink much longer, can they?
Oh, you think so, huh? Care to wager a little fiat on that?
Freakin' bizarre.
-They can't cover up the stink much longer, can they?
They can as long as nobody gives a fuck about reality.
So pretty much forever.
I think these people are seriously about to riot and spark a run in the system that may actually cause chaos. We all need to keep a close eye on the situation.
https://www.youtube.com/watch?v=kdemFfbS5H0
Silver at twenty, copper at three hundred, gold to five thousand sounds a little rich...but that is where all the Fiat is...so who knows.
The War...if it comes...will be a real slugfest.
Biggest Tank battle in History happened in Ukraine...the Battle of Kursk...probably..., no definitely...the most sustained and violent action in the History of Warfare.
"It's just a shot away" folks.
Hold on tightly...but don't let go.
we have been up 41 of the past 60 months, that is 67% chance that we go up next month.
every time the S&P has gone down over 1% the losses have been reversed in time. That is statistically 100%
so the conclusion is you must buy the dip, it is literally 100% guaranteed that you will make money.
hell look at today. velocity favors the upside therefore the risk is to the upside, we are going higher; S&P 2000 this year is a given.
I'm hoping no more than 10 years.
C'mon, everybody here knew the algos would roar into the last two days of trading to insure a green EOQ close and pump profits on the weekly index options.
Troika vu!
we still have monday for moar bully news and usd/yen leviations.....
what a fucking a charade.....
It is, indeed. It is the status quo declaration that we are all morons. A "market" for retarded people who pay no attention to anything except the S&P closing print. This is exactly why it will simply implode on some given opening near to hand.
But I share your disgust at how obvious the manipulations are.
The only ratio I care about is EBT/COLT45
Which will be crucial once the FSA realizes the EBT$/$/GAL, EBT$/$/LB, etc. ratios have all turned horribly against them.
Well, it appears that they even telegraph the USDJPY about an hour earlier before they smack gold down....therefore, why not just buy Gold/Yen?
Chicago Fed head pumper, Charles Evans was on Balloonberg this morning trying to manipulate the market again.
Charles Evans and William Dudley want to see much higher wage inflation and markets for their game to work.
Big funds selling off UK insurers/pensions and buying US on the dip? Just one of the many capital flow ideas out there. US is the market to be in.
I was long this Dow rip and will continue until the market says otherwise. Stop fighting life and start winning. The markets never wrong. Supply and demand.
" The markets never wrong." - Are you suggesting that the american "market" allows for true price discovery?
Good luck with that.
I'm not suggesting the market is efficient in anyway, but it represents the buyers and sellers, however smart or dumb they may be.
The real fact is that ZH has been pumping a bearish case for 4-5 years now and I'm sure one day it will crash, but the bears will be too scared to short by then and miss the lot.
I have made some good trades based on information I found here.
Hey dumb fuck, every organization/person/source has their own agenda, it's up to you to cut through the bullshit.
I think you are confusing, to a certain extent, honesty with being bearish.
Life is hard, that's a fact, bearish or not...
What dip? For the last three years if you leave the screen long enough to take a crap you miss the dip.
I wonder what our dear leaders would do if stocks got slammed down every single morning. Day, after day, after day. This is insane.
This is a fucking joke!
Hard work manipulating the mkts. Thank goodness the pricks have two days off.
... You know Holmes, The Potential is there to fix all the World's problems over the weekend. Would'nt that be nice for the FullTards.
Ever think that this looks like a drowning man? A person will come up for air as many times as possible, until it isn't possible. And like a drowning man, we will see a lot of thrashing before the final plunge. I believe we are seeing these thrashing episodes now.
Who bought the copper/copper futures?
"Who bought the copper/copper futures?"
Dunno. But apparently USDCNY has no bearing, so let it go to 6.50!
We'll see how well petty tricks work when EVERYBODY in China is dumping.
Another thing: with USDCNY hovering right around 6.20, it seems like someone pumping copper is a good opportunity to get out of the market while you still can. Wonder if there'll be a backlash.
how much do these tricks cost per trading day?
you'd better figure it out because your kids will pay for it.
Algos MOAR...
It's interesting that they wouldn't even permit the SPX to test he 50 SMA. Why risk it, I guess. This impulsive move today is impressive, and it doesn't seem like there are enough (any) sellers to smash it back down. WTF?
Yen implosion? The same Yen that has been rising against the dollar for 4 months now? < shocker >
That first quarter equity chart sure does look like a death rollover.
They're going to have to untaper the taper and print MOAR.
They already are. Just ask Belgium.
But, but, that' would be dishonest. The Fed said they wouldn't monetize the debt or support foreign banks.
Fed policy for the last 5 years is simply crush anyone who dare short the market. If talk doesn't work, They give unlimited money to the banks to buy every asset class
Apparently the Yen is the only thing that matters anymore for US "stocks"??
...Ask the Algo
The Biotechs are not catching this fever....so far.
Money fleeing Japan may put some "temporary" support under the American markets. It is only a matter of time before the yen becomes worthless. Japan is the most indebted developed country in the world and its future prospects are dim and getting worse.
If inflation begins to take root it will place upward pressure on Japanese bond yields and raise the cost of government to service its massive debt. As the yen drops even higher stock markets in Japan will fail to protect the wealth of those invested within its borders.
With the BOJ set to absorb half of the government bonds planned for sale this fiscal year, domestic investors have already started venturing overseas for higher yielding assets. If this turns in to a tsunami of money fleeing Japan it will constitute the end of the line for those holding both JGBs and the yen. More on this subject below,
http://brucewilds.blogspot.com/2013/08/japans-economy-going-forward.html
Time to dump the GE. Small caps look like an entry point...I think we're looking at some really bad inflation numbers and possibly a major increase in Federal outlays.
I think war with Russia is on the table... certainly "war with Russians" sure is. Can't think of anything they did to the USA really if something like this in fact happens.
If such a war does occur it won't be long in the "starting" phase. Scary to think how it might be fought tho...let alone end.
Until some lunatic starts shootin FED officials or blowin shitt up, nothing will change...the game will continue as usual
102.74*
Lift your game
A liitle late, but Kyle Bass nailed it once again!
If you think this is good news for the "Market", just wait until WWIII breaks out.
WW3 puts ES over 2000 in one week. It is already planned.
Oh, do tell, do tell...
Yup! China's fixed. That is what MSN says. Here's their headline;
Stocks rally on China optimism
Whew! That's a relief!
Though, after everyone shorts their Depends, they may eventually need new Shorts.
I'm thinking we should retire the BTFD and BTFATH acronyms and start using a new one. It is STFR! Anyone have a guess what it is? Refer to my handle.
If everyone is gaming the system, the game will continue