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Equity Futures Spike On Chile Earthquake, USDJPY Momentum Ignition
If bad news is good news; then devastating earthquakes are awesome... Copper prices popped and dropped on the new of the Chile quake (as it is near a mining region) but it is the price action in JPY (and therefore implicitly US equities) that is just farcical - and no, there's no news, no China stimulus, no Japan stimulus, no data... just this utter insanity...
Makes perfect fun-durr-mental sense...
And copper has retraced its gains...
Following reassurances:
- *TECK SAYS QUEBRADA BLANCA COPPER MINE UNAFFECTED BY QUAKE
- *PAN PACIFIC SAYS NO DAMAGE AT CASERONES COPPER MINE AFTER QUAKE
Charts: Bloomberg
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so much easier to ignore the riggedness of it when it's going up.
Hey whatever, the clients think this retard is a friggen genius. They don't care about the penny skimmers..... Yet.
You are a friggen genius. Genius combined with a John Elway quality because you are staging a 4th qtr twtr comeback and I am desperately trying to hold tiny lead. Unreal you bastard!
Fonz'll know this one...
It's a Crazy Eddie market, the "prices are insane"
hey knuks you got me into the waterboys (fishermans blues) a long time ago. thanks again.
You got it, bro.
You welcome
So.... copper drops because supply may get interrupted (still no word about damage to mines), USDJPY and EURJPY soar because... well just because and SPY flies because of the previous because.... got it.
< Very bullish
< Very not bullish
OK... "If bad news is good news; then devastating earthquakes are awesome..."
Then what would a thermonuclear war with the rest of the world look like for the markets?
You know whats funny is I have not seen one post from thismarketisrigged since this story broke
I'm not sure about the impact of the earthquake, but the main dynamics currently in play are simple:
Japan prints trillions upon trillions of Yen ---> these printed Yen are immediately directed offshore into US & Euro equity and bond markets ----> Yen plummets -----> stocks soar -----> bond yields crash.
This is the only reason Yellen has been brave enough to persist with the taper; she has simply passed the 'printer-in-chief' mantle on to Kuroda, who has taken it up with gusto.
that's CON GUSTO (or is it just con?) to you mister!
as long as the USA and Russia work together on this that should be great news actually.
Of all the madmen in this world for whom "everything is now coming into super focus" the last one I would have picked was me.
Nay, veerily...here I am...laughing my balls off at the hapless Democrats and the feckless Republicans all celebrating the New Normal of "do nothing-ism" and declaring it...Victory!
I mean Bush III versus Clinton Redux?
DEAR GOD MOTHER OF PETE!
If Ron Paul can't come out swinging against this and get his HIGHLY capable son elected President I'm gonna be a might disappointed in meself.
STOP THE MADNESS!
STOP THE MADNESS!
"it's the end of the world as we know it. Ittttt's the end of the world as we know it. Iiiiiits the end of the world as we know it.
And I feel fiiiiiiiiiine......
Krugman and the broken window crowd are beside themselves stroking the evening wood.
Splooge alert
The pages of the New York Times will be inseparable
Western economies ready for 50% growth
Fuck the weather
Pray for disasters, war, famine, tsunamis, quakes, cyclones, death , dismemberment and destruction
Then if that's true, then that island with the volcano over in the Canary Island chain that's ready to drop half the island volcano into the Atlantic ocean sending a 100 ft tsunami wave to the Eastern seaboard should be quite a hoot.
And Calipornia thought it had all the fun.
ive always been terrified wot would happen if a trrrst detonated a number of charges along that faultline
Simpler still, just carpet bomb the entire eastern sea board under the guise of "Job Creator"
You gotta love how this market sees everything in such a positive light. Maybe it isn't rigged at all. Maybe the market read "The Secret".
Have all you negative Nellies ever thought of that?
Mmmmmkkkkkkkayyyyy..... Skynet can read now, but it can't be rigged. Makes perfect sense to moi.
Dude, the secret's been out for quite a while.
Everyone by now knows Obama's a homo and Michelle's a Wookie.
Bad news has become the equivalent of the fed ringing the fucking dinner bell. The market will salivate until the conditioned response is turned from chow time back to a healthy fear of a beating.
Oh my God, I was thinking that exact same thing, to the word. I think I need a break from ZH. Picturing the Kruge whacking off is not the direction I want my life going.
I tried that once. The withdrawals were horrible and it's not like you can go to CNBC for a methedone treatment either.
What? You tried wacking off the Krugster?
Dude!
I can't help it. I have a bearded potato fetish.
Of course, offering a reach around is the proper thing to do while porking a bearded potato in the ass.
empty of emptinessss..or somting like this
Record amounts of liquidity sloshing around the planet but stuck in the roach motel, lest it enter the "real economy"... which means the punch bowl is increasingly at risk of being taken away.
The PPT always steps in when things like this happen after hours.
PPT, William Dudley's infinite Fed money pouring into stocks.
Japan's starting to see real inflation kicking into high gear.
The S&P would really spike higher if Yellowstone blew.
Keynesian bull.
Tell me what in this krazee kulture deserves to last one hundred years, still less a thousand. The generations to follow us will curse us as mealworms who stripped the planet.
Long live the present!
Umm, I doubt it.
Most of the morons today have no knowledge of history beyond what's on their smart phone or what they learn from watching the Daily Show.
And, if Idiocracy is prophecy, then the only cursing going on will be when Brawndo runs out of electrolytes.
Funny thing is...this isn't even the silliness being talked about since Sunday. This is a computer taking a leap in copper to mean good news in China to mean risk-on to mean buy USD/Yen to mean buy S&P Futures. Illegal? It should never be. But it shows you why we are going to wake up one day and the market will simply be closed
Just dazed and confused. Can't make this shit up.
risk off -> sp500 up
risk on -> sp500 up
it's relentless
Risk?! There is no risk. Within 24 hours we've seen nothing but economic misses by the largest 'economies' on the planet, a pending global petrodollar shift and a fucking earthquake... and we rip higher?
Desperate times call for desperate measures.
You'll pass along witnessing these events as wisdom to your kids.
Theres a message in here somewhere. But I cant figure it out.
its that levitating equities are representative of the same dynamics as the zimbabwean and venezuelan stock markets, and not reflective of anything positive or valuable
Trillian: "Anything you still cant deal with is therefore your own problem"
Moar earthquakes! Of biblical proportions to get thing really moving up!
wow, this news is fucking awesome.
earthquake in chile, but NO MAJOR DAMAGE, that is awesome news, remember guys, the market did not price in a earthquake with no damage, so once they price that in, s&p should hit 1900 tomm and the dow should hit 17.000 by friday.
awesome news.
im still waiting for them to find flight 370, then we can really get a major ramp.
Where you been man you are the talk of the town ever since 60 mins!
Haha. I was getting worried about ole' rigged too.
Hang in there rigged.. we're almost there.
ha, ive been on here daily, just have not posted much past few days as i am, like many people, out of words to describe this bullshit that happens on a daily basis.
its like, it does not matter how far the ''market'' falls, because you know a few days later, all major indexes will have erased there losses and added some.
and in regards to the 60 minutes segment, zerohedge deserves a ton of credit as they have been the ones exposing this nonsense since 2009. its nice that finally people are coming around to this .
Wouldn't it be funny if Michael Lewis was the nom de plume for Tyler Durden?
And, the guy on CNBC was just an actor since Tyler is incognito.
Have you ever seen Tyler and Michael together?
Huh huh huh huh huh huh?
"but it is the price action in JPY (and therefore implicitly US equities) that is just farcical - and no, there's no news, no China stimulus, no Japan stimulus, no data... just this utter insanity..." Say, isn't this the definition of a blow-off top?
Mega million Bullish!!!
Why did the price of copper suddenly drop at 18:00?
the only thing that can bring us to 2000 on s&p by next week is if a tsunami hits chile with this earthquake, thats really fucking bullish.
i hope for the sake of all the people in the area hit by the earthquake, that no one is seriously hurt and no more further damage is inflicted, but no one can argue just how bullish a tsunmai would be for stawks tomm.
"the only thing that can bring us to 2000 on s&p by next week is if a tsunami hits chile with this earthquake"
not true. if the US lost a million jobs and UE jumps to 10%, we'd hit 2000 by close on friday. or, if a dirty bomb goes off in NYC, or a volcano erupts in yellowstone, or 1/2 of CA falls into the Pacific, etc, etc, etc...
''if the US lost a million jobs and UE jumps to 10%''.
thats already happened, they will just never admit to it. real UE is prob around 20 percent or around that.
The yield on the 10Y treasury is approaching 2.8 - it seems every time it gets around there we see a major market dump, which pushes it down to 2.6 ish. Then we get new all-time highs up until 2.8 rolls around again.
Let's see if we get another iteration of this hilarity!
If Alien Greys started marching up out of their DUMBs by the millions, took over the globe, moved every living creature to their Moon Base, and nuked the rotting corpse of Earth leaving nothing but space dust in their wake: the s&p, after a strong afternoon rally, would finish up about 12 points.
There is no force now known to man that will stop this market.
Not saying that one does not exist. Don't be ridiculous.
it's just that none have been made known to mankind as of this date.
Further due diligence, however, is starting to reveal that, indeed, no force exists nor will ever exist in this or any other reality, to stop this market.
Put another way:
No combination of any number of infinite scenarios can unite to form an existence that results in anything other than an up market.
It's infinitely more than a permanently high plateau. It's ForeverMarket. It's GoldenLight Market of Aeon. It's beyond sight, sound, with a signpost up ahead: Fuck You Bernake.
I guess what I'm trying to say is btfi
Buy The Fucking Infinite
The S&P underpefomed today, it should get its legs back under it later this week as we burst past 1900.
"Equity Futures Spike on Chile Earthquake"
because QE does what it's supposed to. Yellen can lie all she wants about jobs and helping people and whatever asinine rationalizations she and her Nobel laureate husband can come up with, but the fact is QE does 1 thing. so BTFD until the world stops pricing in dollars, or the Fed runs out of assets to buy.
Michael Lewis needs to 'get to work' on what the Fed and Kuroda have done to global asset markets so he can again take the credit TD deserves.
Mining companies have been moving to develop new copper nickle mines in my area of Iron Ore mines. It has long been known the geology here favors copper nickle deposits. The recent rise of China has made these deposits now a favorable economic prospect. One undeground copper nickle mine is opening, in future it is believed it will gow into the largest wholly underground mine in the world. Other prospects are opening for perhaps gold and silver somewhere in this complex geology. I expect a continued growth curve in China will see these mines deveopled, if China stumbles, I can see the mines in trouble. Chinese demand is felt all over the world, even here in Northern Minnesota, land of over a century of Iron Mining. As goes China, so goes us I guess.
Imagine if it had hit... Haiti.
Why, the Help Haiti Fest in the MSM and social media would make WS just... gush.
Nobody would notice that the eastern half of the island (Dominican Republic) had minimal damage, nor ask "Why?"
Does 20 pips on usd/jpy really count as momentum ignition? Really? And it's not at all possible that Chilean equities are being cashed out into USD?
DOW 30000 if huge devastating earthquake under Los Angeles? Oh those crazy banksters, people suffer and stocks rally