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VIX Slammed As Dow Recovers Post-FOMC Losses; Everything Bought

Tyler Durden's picture




 

We wondered earlier whether Kevin Henry would achieve his goal.. and he did. VIX is now sub-14 once again and thanks to a lift-off in EURJPY, stocks are surging. The Dow Industrials (and almost the Transports) have recovered all their post-FOMC losses in this reaction to the apparently more dovish minutes. Gold is maintaining gains. Bond markets ripped lower in yield and the USD is tumbling. The ammo, of course, for all this, is "most shorted" stocks which are spiking post-FOMC.

 

EURJPY ignited it but is fading now...

 

As VIX was banged below 14...

 

Squeeze....

 

which has bounced the Dow back up to unch from the FOMC...

 

Buy bonds, buy stocks, buy gold, sell USD...

 

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Wed, 04/09/2014 - 14:25 | 4640093 Squid Viscous
Squid Viscous's picture

well that was easy!

Wed, 04/09/2014 - 14:34 | 4640111 Say What Again
Say What Again's picture

USDJPY seems to be diverging a little bit.

Do you think "they" sold off the market over the last few days, so "they" could capitalize on the rally today?

Wed, 04/09/2014 - 14:39 | 4640157 James_Cole
James_Cole's picture

The ammo, of course, for all this, is "most shorted" stocks which are spiking post-FOMC.

So, who's going short anyway? Some seriously hardcore masochists out there. 

Wed, 04/09/2014 - 14:44 | 4640176 ZerOhead
ZerOhead's picture

Just BTFD you fucking idiots!

Wed, 04/09/2014 - 15:10 | 4640271 Manthong
Manthong's picture

Since the “money” is phony you can just use cow chips for houses and hotels on the Monopoly board..

Wed, 04/09/2014 - 19:00 | 4641179 Remington IV
Remington IV's picture

there goes my short VIX put  trade

Wed, 04/09/2014 - 14:26 | 4640095 MFLTucson
MFLTucson's picture

This shit is just outright disgusting!  What a circus this group has become!

Wed, 04/09/2014 - 14:34 | 4640134 McMolotov
McMolotov's picture

Smell that wealth effect!

(It smells oddly like a nursing home.)

Wed, 04/09/2014 - 14:43 | 4640175 Winston Churchill
Winston Churchill's picture

Talking about wealth effect.

Just aquired my seventh billionaire client last week, owns a major football team, and

doesn't use the' interwebs' to communicate.Has extensive land holdings in the Ukraine

and is a proud collector of PMs.Not interested in paper wealth.

Wed, 04/09/2014 - 14:47 | 4640185 NoDebt
NoDebt's picture

I need to call up my billionaire clients and ask them how they feel about all this.

OK, all done.

Wed, 04/09/2014 - 14:49 | 4640199 Winston Churchill
Winston Churchill's picture

Location,location, to paraphrase Willie Sutton.

Wed, 04/09/2014 - 14:53 | 4640215 eclectic syncretist
eclectic syncretist's picture

Oh yeah!  With my Zimbabwe dollars I'm a trillionaire a hundred times over bitchez!

Wed, 04/09/2014 - 16:05 | 4640502 hobopants
hobopants's picture

Oh scripted market, I do tire of you're cliches. I'm almost more insulted that they try and make it appear legitmate, why not just let it go straight up? They've gone full retard everything else.

Wed, 04/09/2014 - 14:49 | 4640194 nscholten
nscholten's picture

What do you do?

Wed, 04/09/2014 - 14:51 | 4640208 Winston Churchill
Winston Churchill's picture

Part of my biz is mansion management.I can't call them houses really.

Wed, 04/09/2014 - 14:35 | 4640141 blabam
blabam's picture

Circutalism.

Wed, 04/09/2014 - 14:27 | 4640101 101 years and c...
101 years and counting's picture

just remember 1 thing:  the stock "market" is all "they" have left.  when it dives (it will), all their disgusting rapings will be revealed.

Wed, 04/09/2014 - 14:42 | 4640169 James_Cole
James_Cole's picture

....revealed by who and to whom?

Wed, 04/09/2014 - 16:04 | 4640542 hobopants
hobopants's picture

We will be the only ones who see it, just as we are the only ones who see it now. The worker bees anger will be misdirected at some idiot fall guy or institution (HFT) and the show will continue on. See the problem isn't the elite or the powers that be, the problem is the status quo and their NEED to be ignorant.

Ignorance has become a drug for the masses and when SHTF they will act with all the logic and reasoning ability of an addict suffering from withdrawals. Make the reality go away! I'll do anything you want! Fun times ahead...

Wed, 04/09/2014 - 14:28 | 4640104 asteroids
asteroids's picture

Time to carefully watch how long this "pop" will last. How many hours before we get back to our 9:30 am level.

Wed, 04/09/2014 - 14:29 | 4640110 davinci7_gis
davinci7_gis's picture

Is this the dead cat bounce?

Wed, 04/09/2014 - 14:32 | 4640125 buzzsaw99
buzzsaw99's picture

yes, after a 2% drop from all time highs that dead cat is bouncing very nicely thank you. lmao

Wed, 04/09/2014 - 14:49 | 4640195 NoDebt
NoDebt's picture

We need another showing of the BTFD cartoon.  It's apparently not sinking in with everyone yet.

Wed, 04/09/2014 - 15:35 | 4640417 goBackToSleep
Wed, 04/09/2014 - 14:30 | 4640119 LawsofPhysics
LawsofPhysics's picture

"Tapering" you say?  I call bullshit.  Show me the balance sheet motherfuckers.

Wed, 04/09/2014 - 14:46 | 4640183 Shizzmoney
Shizzmoney's picture

RE

"Tapering" you say?  I call bullshit.  Show me the balance sheet motherfuckers.

I can give you a preivew right now:

"insolvent with alot of numbers that have a "-" in front of them."


Wed, 04/09/2014 - 15:38 | 4640442 goBackToSleep
goBackToSleep's picture

It's really awesome when you see -800% for the quarter revenue and it's trading positive. I don't know where these motherfuckers learned math, but I think they have stolen their trading model from this video.

http://www.youtube.com/watch?v=jllJ-HeErjU

Wed, 04/09/2014 - 14:33 | 4640120 Waterfallsparkles
Waterfallsparkles's picture

Nothing like a good short squeeze to propel stocks higher.  that is if there are any shorts left.

Wed, 04/09/2014 - 14:31 | 4640121 Fiat Burner
Fiat Burner's picture

All because of some re-hashed statements from the "minutes" of a meeting held a fucking month ago?  I can't take this idiocy anymore. 

Wed, 04/09/2014 - 14:46 | 4640184 El Hosel
El Hosel's picture

Have'nt you heard? The markets are rigged, thay always rally on FED Daze.

Wed, 04/09/2014 - 14:35 | 4640122 El Hosel
El Hosel's picture

The $VIX algo slam is all that matters....apparently, now that the WTF Meter has gone up in smoke.

We don't care about our phony un-employment numbers, we  will keep ZIRPING the Market as long as we want. ZIRP until it hurts then ZIRP some more.

Wed, 04/09/2014 - 14:34 | 4640130 Hindenburg...Oh Man
Hindenburg...Oh Man's picture

Basically this seems to support the thesis of your Marc Fabers and Peter Schiffs--the fed will never end QE, and the markets move, right now--today specifically-- whether explicit or not, is predicated on such an understanding.

I've always believed that we are destroying the currency, but not until today did it seem so awesomely blatant. Do not expect any FED meeting or minutes to ever be anything resembling hawkish. When the systemc comes apart, they will just blame that old canard, "fiscal policy problems." yikes. buy gold! 

Wed, 04/09/2014 - 14:33 | 4640132 Wait What
Wait What's picture

so much for the "Fed isn't responsible for all the market's gains" meme. is there even anyone out there tool enough to make that claim at this point?

Wed, 04/09/2014 - 14:43 | 4640173 Grande Tetons
Grande Tetons's picture

is there even anyone out there tool enough to make that claim at this point? 

Shitloads, bro. Anyone charging an investment management fee for starters......

Wed, 04/09/2014 - 14:36 | 4640144 lolmao500
lolmao500's picture

@5channel First Deputy Prime Minister of #Ukraine #Yarema : #Donetsk pro-#Russian invaders must give captured weapons by tomorrow 12 PM

Yeah touch ONE Ruskie and Putin will invade your ass in a New York minute.

Wed, 04/09/2014 - 14:36 | 4640145 Spungo
Spungo's picture

Tell that bitch to be cool! Say, bitch, be cool!

Wed, 04/09/2014 - 16:06 | 4640578 Say What Again
Say What Again's picture

Bitch!  Be Cool!!!

Wed, 04/09/2014 - 14:36 | 4640147 q99x2
q99x2's picture

Yea. Everything fixed now.

Wed, 04/09/2014 - 14:39 | 4640156 Waterfallsparkles
Waterfallsparkles's picture

Anything to get the Mo Mo Stocks up again. to try and save the Hedge Funds.  Now at least they have a higher price to sell into.

Wed, 04/09/2014 - 14:41 | 4640161 NOTaREALmerican
NOTaREALmerican's picture

BtFD,  for the win!

Wed, 04/09/2014 - 14:50 | 4640203 slightlyskeptical
slightlyskeptical's picture

Back to new highs most likely.

Wed, 04/09/2014 - 14:49 | 4640198 SmilinJoeFizzion
SmilinJoeFizzion's picture

Nasdaq is looking a bit top heavy- 

Wed, 04/09/2014 - 14:53 | 4640217 FieldingMellish
FieldingMellish's picture

Silver has not recovered for the day. PMs will slip some more. One or two more months into a new capitulation low as algos panic buy stawks. Then, and perhaps only then, a sharp rise back up. The COMEX must die...

Wed, 04/09/2014 - 14:57 | 4640230 Bastiat
Bastiat's picture

I agree with the last sentence.

Wed, 04/09/2014 - 15:11 | 4640284 LawsofPhysics
LawsofPhysics's picture

Please, nothing "dies" unless everyone with a paper claim demands physical.

Only if this happens, will any of the bullshit in the PM "market" change.

Wed, 04/09/2014 - 15:16 | 4640309 Bastiat
Bastiat's picture

I agree with that except it wouldn't take anything near "everyone," just delivery demands to substantially exceed what they can deliver.  Of course then they can force cash settlement but if they do that a few times, then they are dead as a credible market.

Wed, 04/09/2014 - 15:42 | 4640461 goBackToSleep
goBackToSleep's picture

so that's a virtual boner for gold then! Nice chart.

Wed, 04/09/2014 - 15:03 | 4640249 Spungo
Spungo's picture

Facebook up almost 6% today. Awww yeah bitches. I'll retire when I'm 70 instead of never!

Wed, 04/09/2014 - 15:10 | 4640274 The worst trader
The worst trader's picture

So companies that have overpriced stock and should go down are the best longs to make money? We are so fucked!

Wed, 04/09/2014 - 15:20 | 4640336 NOTaREALmerican
NOTaREALmerican's picture

Re:  should go down

You are looking at "prices" in a moralistic way.

When dealing with reality morals are a handcap.   In REAL reality, the price of something  is based on the first law of bullshit:

X + bullshit = $ ^ bullshit (money to the power of bullshit)

The more bullshit the more money (price). 

Now, which stocks ya gonna buy?

Wed, 04/09/2014 - 15:17 | 4640314 Bastiat
Bastiat's picture

Today's USDX line in the sand appears to be 79.50.

Wed, 04/09/2014 - 15:25 | 4640361 Dre4dwolf
Dre4dwolf's picture

SELL THAT SHIT SOO FAST, THAT IS A TRAP IF I EVER DID SEE ONE.

Wed, 04/09/2014 - 15:43 | 4640459 jubber
jubber's picture

What a crock of shite this market is...and all European Indexes ripped up with it

Wed, 04/09/2014 - 15:49 | 4640499 The worst trader
The worst trader's picture

Just obolish the VXX! who needs it anyway? Market will never correct again.............

Wed, 04/09/2014 - 16:00 | 4640549 jubber
jubber's picture

Nikkei futures dragged up 250 points on this shit... Hong kong futures dragged up 200, basically you cannot short Europe , or Asia as the whole lot have to follow whatever these clowns do day after day, week after week

Wed, 04/09/2014 - 16:34 | 4640702 Rand Mises Hayek
Rand Mises Hayek's picture

The FED has basically taken over. They own it all now.

Taper??  Get f*cking real - how will we ever know?

We cannot even audit the FED.  If you ask to see the books (Ron Paul) you are labeled to anarchist and made fun of.

There will never be a taper - NEVER - but we will be told that there is.

I am sure the FED is looking out for all of us serf`s.

How much was given to foreign banks after the meltdown in 2009? 

The answer is shocking.

Wed, 04/09/2014 - 16:38 | 4640714 Never_Put_Down
Never_Put_Down's picture

BTFD pays out well again

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