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Stocks Levitate To New Record Highs As GDP Expectations Slide
Bad news is absolutely great news this morning it would seem. Just as we noted (ironically) this morning, equity algos appeared set for new highs no matter how terrible (or good) data was... and sure enough, the S&P 500 is testing its record highs once again... With Q1 GDP expectations plunging and even the hopeful hockey-stick of Q2's resurgence are now being chipped away as one sell-side economist after another folds...
Record highs for the S&P...
As JPY started the momo...
But someone is bidding aggressively for protection...
And GDP expectations tumbles...
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fuller retard.
(edit) buy now, just imagine the new highs once it becomes official that the U.S. is in a recession, then depression... happy days are here again.
BUY!!!!!!!! We don't need no stinkin' data!!!!!!!!!
For all those waiting for stocks to get Monkey Hammered be advised that the Monkey is flinging it's crap at YOU!
Full Retard: Trying to Short a rigged Market.
Speculator: One who sees gubberment stupidity and profits from it. Gubberment stupidity in this case is Stock Market Manipulation to greatly increase the wealth of those that have to the detriment of those that do not.
When it does end it ain't going to be purdy. But until then just BUY, BUY, BUY.
*yawn* -- oh, is the stawk 'market' up again today? That's nice. What's on TV?
I wanna break that hockey stick on somebody's head
Terninal meltup.
How are stock prices in Zim dollars again ?
Record new highs on GDP revisions up after a disaster Q1 and now new highs on GDP Q2 revisons down. Just new highs....period. Information is irrelevant.
all on teensy volume.....
SHEEPLE MUPPET MONKEY HAMMERING.....SOON....
Its really quite simply, just buy it before the FED does; its free money with almost zero risk.
Good for you. Keep playing their game and feeding the monster.
feeding? no way. my way off killing it.
No one is buying anything because they are broke with money that shouldn't buy pocket lint, therefore markets are awesome. Yup...business as usual.
financial markets have become totally not credible...it's all just a farce run by hard core criminals
can't wait for the next deer in the headlights meme day
That deer would be us bears. For five years running now, looks like it will never stop
Me too but I'm not holding my breath for it.
what we need is a fat fingered sell side terr'st
They better start cooking up a whole shitload of seasonally adjusted intellectual property.
Another row of icons on the iPhone should do it!
pods
Let them eat iPad...
Billy Idol Recovery cries....Moar Moar moar
um, wasn't the adp a miss too? I was out all morning, just checked the markets, gold prices---shaking head again for 1000th day..
You haven't missed a damn thing. Bad news is good news and it is POMO day. Wash. Rinse. Repeat.
I really don't understand the price collapse in gold. (And copper just last week.)
I do understand that QE created an absolutely staggering amount of leverage...the question becomes "what was the collateral" (all of China's gold, silver, copper, etc?)
This still looks like a truly massive default "of something"...the only thing big enough to explain such a sudden collapse (last fall) in prices followed by a wicked increase because of the brutal winter and now a Russian invasion of Ukraine would be either New York City or London.
Gambling is perfectly legal in London...
I agree. But come to think about it, who in a herd of stampeding wildebeest stop to think??
If you stop, you get run over, literally!
Find a rock, sit down and think it over. It is all bullshit,and paper, rather get some gold now, while it is still available. Wait until that stampede starts, then you can take your paper Dollars and light your cigars, or plaster it on the wall in stead of wall paper.
It is one big stinking fraud.
The 'brutal winter' LOL yea sure.
Maybe 1929 will be the all time high for S&P. Probably not but it would be appropriate.
more along the lines of 2666 At this pace, next fall....
That be very close to 4 times 666... Maybe as a blow-off top, and then the plunge into the abyss? We'll find out soon enough.
Sounds about right as we are in about 4x as much shit as we were when we hit 666.
FEDs software is going to keep the bribes going to Congress up untill the election.
BTFD
'Just until the election' LMAO yea sure been hearing that bullshit for years too.
This shit is absolutely disgusting. We have an equity levitation never seen before in history built entirely on fake news and printed money. Just disgraceful!
The European GDP, coupled with the inflation figures yesterday have raised many traders expectation of strong action from Draghi.
If an economy collapses with decreasing purchasing power...Is an inflated stock market worth anything?
Why not. Hilsenrath said on page 1 that the Fed is worried about bubbles, but not going to do anything about it. Party on!!!
seriously, look at this market, its fucking exploding higher, there are no sellers.
this is insanity.
Only a pessimist would sell. And pessimists aren't normal.
Yep, no matter the price there's a long line of people fighting to pay whatever!
FSLR looking good this morning...
Europe leaderhip does not make a move without telling Goldman and JPM first. obviously Dragi plans something very favorable for the banks. New highs in S&P
Really weird day. The $ADD hasn't been positive all day and the spy seems to levitating on relatively week $Tick data. Maybe its all those stock buyback programs sitting at the bid and absorbing the sellers. Dunno....
Uh, no. You should look at the options in the futures market. Many being bought way out of the money....... Fed anyone? Maiden Lane I, II or III is making money while the other is losing money. But who cares because the Fed can have the other account make money tomorrow. Boy if I could put zeros in my account each day, I could trade my little hearts desires and never fear losing money........
Double post. oopps
They can buy the whole world as long as people will accept the monopoly money, there is nothing to stop them but a panic.
And this can continue for a while, even though f 5 year old can tell you it can`t continue for ever.
Something is going to give, --- when, is the question!
Record car sales, increasing housing sizes, increasing debt... signs of increasing prosperity everywhere.
Buy now, or be priced out forever!
IWM/QQQ are not reaching new highs, SPX new highs everyday by one point on low volume to mask the terrible economic and world political situations. Obama positive headlines control the masses.
I feel like I'm at a craps table, and someone keeps throwing points - how do you not push money onto the table?
Who's the house, btw? I assume they'll want my credit card at some point.
The Chinese and Russians - via front companies - could be buying the US stock market in order to crash it? Enter Bond, James Bond.
Hey, if 'Belgium' can be buying T-Bills in amounts greater than their GDP, why not?
After 1929 it was pretty much downhill for quite a while. Will history rhyme this time around too? 1929 top after the devilish 666 bottom? Time will tell.
Satan could be calling the shots, from the shadows. That would make more sense than what we're able to see.
European Union AQR vs. Game Theory lies. The chart remains the same. The negro US President doesn't care. He is only looking to cover his inexperienced reggie fucked asshole.
Nothing like advertising the Banana Republic States of Amerika.
I am no longer accepting the US Dollar. It's only fit as bog roll, and even then it is greasy..
Get ready to bail, I'm going all in with everything including the kitchen sink.