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What Is Driving The Market Right Now According To Mainstream Media
We are sure somewhere deep in the bowels of mainstream media's list of 'personalities', they will find a bullish (contrarian) excuse for the fact that such a mainstream media channel as CNN has expressed the emotion driving the market right now is... "Extreme Greed." For the rest of the 'irrational' investing public (who were all selling last month), it is time to watch in awe as yet another self-created spectacle of insanity unfolds (with no one seeing it coming).
CNN Money's model consists of 7 indicators...
We can only imagine the Fed is in full panic mode by now...
The Fed realizes investors do not act rationally... blowing up their models entirely...
“In a world of rational expectations, asset prices adjust and that’s it,” Mr. Williams said. ” He added, “but if one allows for limited information, the resulting bull market may cause investors to get ‘carried away’ over time and confuse what is a one-time, perhaps transitory, shift in fundamentals for a new paradigm of rising asset prices.”
Mr. Williams explained that it appears to be the case that investors, on balance, look at where a given market has been heading and assume that pattern will persist. Rapidly rising markets fuel the belief the good times are here to stay, while market blowouts generate such pessimism that investors cease to act as if prices will rise again.
“The recognition that people behave in this way can move us a long way closer to understanding how asset price booms and busts can emerge and how policy actions could influence that process,” he said.
So in summary... It's entirely circular...
The Fed must blow bubbles because otherwise irrational investors get "carried away" and inevitably crash the markets...
Ultimately it seems clearer and clearer that, as Williams himself opines "financial stability is just as important as pursuing price stability and growth."
h/t @Stalingrad_Poor
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Today is so weird
Tomorrow, Tuesday, fairly large POMO, greed meter goes above 98. Unless Goldman lobs in a "black swan" to save their HF clients.
I feel like a 'case of the Tuesday's' will not materialize tomorrow. No data to support it, just a tinggling I get in my balls sack.
Today at lunch I'm eating a $1.34 bacon cheese burger from McDonald's "NINETY NINE CENT" menu. LOL! You have to understand that $0.99 is cheaper than $1.34, but it's still on their 99 cent menu. It takes a pH Dee from an accredited Ivy League university to NOT see what I see.
I wonder if we have just started in the Worldwide Crack-Up Boom?
Yes. Don't you have any hard questions?
VXX Hulk Smash! Gonna make an encore?
It's a Pee HD
The question is who if feeling the "Extreme Greed". My guess is that it is not average Joe sixpack. It is the insiders.
Chris Matthews , is that you ?
How often has that tingle been correct?
As often as a broken clock. Sometimes worse during the summer season as I cannot feel the tingle from the sticking to my thigh.
Not to be the one to piss in anyone's Cheerios, but since when has CNN had ANY business acumen to speak of? What's the old adage about teaching a pig to sing?
Nope.. It should be The Stupidity Meter.
Agreed. They have the colors backward.
so are you telling us that the last million tuesday, data supported it?...
Me too; already went short the S&P today. the chart sucks. this is a toppers, topped out, top of a topped out market. Pure blow off baloney.
Still sitting on some fake volatility I bought thanks to the manipulated ETF's that are 'priced' off the VIX. So in short, I'm gonna lose some dollars, but I find this loss more entertaining that on horses of courses.
http://www.zerohedge.com/news/2014-06-06/no-more-risk-vix-plunges-below-11-first-time-years#comment-4830522
The greed meter goes to one hundred and eleven.
8 MOAR plz!!!
Tuesday Dupe
So was last Friday, and last Thursday, and tomorrow is Turbo Tuesday, and Wednesday is set up for Turbo Thursday in anticipation of next's weeks Turbo Tuesday. F'n damn!
Why? IT's like 1900 other days since 2009 Low. Market just relentlessly doing it's own thing going up driven by Kevin Henry Buy S&P at Market order...
Towers of Babel can be build right into the sun. for sure.
Two auctions today. SSDD.
It's a FED market. As long as they exist, the market will never go down.
They crossed a line a while back. It's beginning to settle in a bit.
"Zimbabwe Janet" doesn't have quite the same ring to it
Even if it goes down, it will be spun as "neg'tve GROWTH in asset prices".
Zimbabwe DAMMIT Janet! Much more catchy....
There is no place else for cash. But cash is fickle so you have to watchit.
"financial stability is just as important as pursuing price stability and growth."
what genius. but what follows is the contradicting behavior - instability and unstable prices.
Anyone looking to do some spread trades? https://www.google.com/finance?chdnp=0&chdd=1&chds=1&chdv=1&chvs=Logarithmic&chdeh=0&chfdeh=0&chdet=1402344000000&chddm=98532&chls=IntervalBasedLine&cmpto=NASDAQ:ZIV&cmptdms=0&q=NASDAQ:XIV&ntsp=1&ei=Q9-VU8D8FeHy6AHb44D4BA
surely the short covering is coming to an end, then what will levitate this market highter?
Love
Kevin Henry Buying
That'll be when the REAL buyers come in.
DavidC
(sarc off)
A little fake fear will be introduced to intice more shorts.
Short ratio is fairly high on major indices. I do not think shorts have a chance without some induced fear or technical confirmation of a reversal.
The fed is going to come out next week right around 2k S&P and talk about raising rates soon.
We'll that's just it isn't it..."how does the Fed lower rates from here?"
I say they stay with the Taper and "let the economy take over." The markets will do what the markets will do but so far all I see are poll numbers that say "botched recovery."
Greed=Good.
All the sidelines $$ poouring into post-split AAPL now that it is affordable to the normal man. How long till TBTF pulls the rug out from these new AAPL positions?
The fed would be in full panic mode if this wasn't already pre-planned. Get the people back in the 'market' for one final ass raping and let the system die by it's major flaw, greed, then people will be screaming for .gov to intervene.
Greed is GOOD !!!
https://www.youtube.com/watch?v=MEaJYeRpl1g
As Dennis Gartman would conclude "From the lower left to the upper right". That's bullish so I will go buy more stocks.
"Extreme Insanity"Index is more accurate.
IMO, there are no humans left to sell.
The computers control everything now.
They do not feel pain, pity or remorse and will absolutely not stop ever, until we are dead.
Don't worry, Goldman Sachs will just set the target to 120.
Funny LIES wasn't on the meter. Possibly because the media is responsible for repeating them rather than actually checking the facts, then reporting objectively and honestly.
the only thing this parabolic blow-off is missing is a parabolic blow-off.
how crazy can crazy get? enjoy.
DOW 20,000 : S&P 2200 : NASDAQ 5,000 : QQQ 100 : VIX 8.50
Gold: 220
The system is rigged so YOU don't know what will happen next.
Wealth consolidation across the Globe has resulted in a relatively few people having immense wealth. The greatest of these lucky few act as oligarchs to control central bank and government fiscal policy in ways that always benefit them and their class.
The top 0.1% have more wealth than they know what to USEFULLY do with it so they gamble and drive up the price of assets. When they get to a certain price, they quickly pull out and leave the little people and their puny mutual funds holding the bag. Add water and repeat.
What these special people don't have control over is the zeal to pillage affecting their fellow parasites.
And they don't have control over the scarcity of resources across the planet. And they don't have control over climate change.
There are actually VERY useful things that could be done with today's wealth rather than gambling but the usefulness is only for the peeps and we don't matter.
Dying currencies are a bitch.
The boys at Goldman will determine when it's tme to pull the rug out. Not a moment sooner. They'll determine when enough people have bought into the market.
Why should there be anything but extreme complacency, the Fed has gone full retard telegraphing that no matter what, they'll fix it.
And when they got caught in Belgium, they also illustrated that they have only one way to fix anything. Print and lie.
The propaganda media: "Greed is cover."
And oil still ries. Trying to find in archives an article the Tylers did regarding peak oil and the breakdown of the economy at a certain level. Can't seem to find and hoping someone can point me in the direction. Believe it was written about a year ago.
Well...sure. "Welcome to something new" too.
Again "the irony is we've never see so much wealth creation in US history...but it is all being used to support a debt regime.
This is prima facie growth negative.
Trade-off by David Korowicz check zh search
The weather is greedy.
Ok they're all in. Pull the trap door.
Tepper has gone to 50 percent cash. Must have studied Jim Cramers trading style.
What is driving the market right now?
HFT doing illegal activities and not being punished:
"Eric Scott Hunsader @nanexllc 23m
At 12:44:20, over a 27 second period, Citigroup $C had ~600,000 quotes and 12 trades - #HFT gone wild"
what happens when extreme greed meets a market which can only manage incremental new highs? a bunch of compulsive gamblers at church bingo
Plus lots of people fighting for the same church parking places....
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A little FED induced fear will mean the Market is acting normally and optimally so we can go higher, No?
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Yeah, but look at the volume on the DOH!?
67 million today?! WTF?
There's NOBODY left in the market.
They were doing 100 million shares a few months ago, and now, the average is down to 90.
Who's left, beside the algos?
•?•
V-V