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FOMC Sparks VIX Plunge; Stocks & Bonds Jump, USD Dump
The short-end of the Treasury curve is unch but the longer-end is flattening notably with 10Y -4bps from pre-FOMC. S&P futures are surging (because why not) on the news that there's more taper, less growth, and higher rates than expected. Perhaps the most critical aspect is the collapse in VIX, which is now 1 vol lower than when Dudley warned of "complacency" at almost a 10-handle. Gold is up modestly higher nd the USD Index is down..
VIX is almost at a 10 handle!!
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Dudley got pissed that the 10yr yield dropped below 2.6% and promptly stepped in. Wonder which primary dealer is on the wrong end of that one.
$XLU BO
Vix just touched 10.99
No risk here - step away!
Until you know what, just not when
Oh yaaaay! The Fed is saving us again cause look at the """market""" going higher!!
Fuckin retards..
So... mathematically, can VIX ever go negative, or will we just get to watch it asymptotically approach zero?
Almost aint good enough.
your posts make no sense, ever, please go away? thanks in advance
Boorish!
'Markets' ...... Lol
If she does not make a gaffe during Q&A, then we have lift off to ES 2000 for EOQ window dressing.
Holding on long and strong taking advantadge of the BernankenYellenStein's free 'money'.
I imagine the Fed is doing to markets kinda like what that red-headed chick in American Pie did to Jim Levenstein's character.
Jumping on top, screaming at him. "What's my name, bitch?" "Say my name!"
"Janet Yellen!!"
"Damned right!"
Watching these farce markets reminds me of watching a really good magic act. Every sense of reasoning is screaming the feat is impossible and is breaking every fundamental law of physics and common sense. You know full well it is just a trick, but the audience's reaction and the complexities of the act have you questioning basic reality. Like maybe it was I that took the wrong pill and I'm the one living in the illusion. Maybe numbers and math do not matter. Maybe there is no spoon. Good luck to all my fellow ZHers, may we atleast find some sanity within ourselves to keep us grounded in this ever increasing insane world.
fun-der-mentals....
"Madam chair what is your tolerance for inflation, seeing that recent data has inflation running higher presently than your inflation forecast for 2016?"
"Our inflation forecats are running in line with our inflation forecasts, as long as you disregard the noise (inflation) then it seems like everything is in line.
I would forever watch all of these dog and pony shows if she merely utters the phrase:
"And lemme tell ya one more thing about the negro......"
pods
What a black day that would be...
Stop it. I'm getting all misty.
LOL Pods...never forget the funnies.
How about FOMC Orchestrated VIX plunge
I, for one, would love to see VIX drop to zero, just to see what actually happens. consequences schmonsequences, let's ride this whip til the wheels fall off.
Bad news is good news as long as there's toner in the cartridge...
Gold: UHHhhhhhhhhh.....
How much of this is emanating from Belgium?
Waffle-nation is going to need bigger vaults...check that...bigger servers to handle all of the Treasuries the Janet is parking there.
Belgium
is going to need
a bigger waffle
http://www.youtube.com/watch?v=You1z6H6Nvg
Good job of controlling 'complacency'. This world could not possibly be run by a bigger bunch of fools. At least it will keep Fleckenstein busy with a Bubbles sequel.
Babababubble!
This isn't the VIX your looking for. Move along.
Who would have thought that the market would head higher upon FOMC announcement...what are the odds...something like 99%.
It's a given that this NY FED has a golden rule - no down days on FOMC, never.
Once upon a time, there was a land .... and the central bank of this land kept on promising that interest rates would rise.
But they never did and all the people in all the lands lived happily ever after.
The End
Soooo....the Fed continues to tighten, ECB has gone negative, JPY is a clusterfuck, AUD has no direction as China commodities are fucked (we just don't quite know how fucked), the global macro indicators have all rolled over...and the USD dumps. Guess the end is neigh
Oh, and WTI just doesn't give a fuck either way.
"Increasing competitiveness."
This is like the financial equivalent of "knock 'em sock 'em robots" with equities the blue guy and treasuries the red guy.
If Central Banks are padding their balance sheets with equities, who knows how long this shiteshow can continue. It seems that fundamentals mean absolutely nothing, and true price discovery is now an anachronism. Great job, banksters.
FUBAR.
Wanna see some gratuitous financial bloodshed? Watch me short some XIV @ 43.50 or so...
is that a long or short VIX frankenstein ETF can't remember, either way you're fucked unless you scalp it for peanuts,
Inverse VIX. 44.30 we'll see what sort of gap carnage I take in the morning.
The deadliest Ebola outbreak in world history spreading to Wall Street should fix the vix.
http://www.who.int/csr/don/2014_06_18_ebola/en/
http://www.afro.who.int/en/clusters-a-programmes/dpc/epidemic-a-pandemic...
Imagine what would happen if that bitch got loose at FOMC or Kappa Beta Phi party...
Gotta keep the TBTFB bonuses rolling in.....
Ms. Yellen, wot happens in a year, to anyone who buys a bond today, and does not like you own a printing press?
Oh don't you worry your pretty little head about that:
que sera sera
whatever will be will be,
there's no volatility,
que sera sera.
VIX is a wonderful "product", guaranteed to lose money over time. $1 invested at inception is worth like a penny today.
Step right up and test your skill. Three tries for only $1! [/carnival barker]
"Damn, Ethel! Our stawks went up again, Who said we should buy gold?"
I'm Bronco Bahama and I approve this mess.
If it is proved that the Fed is, directly or indirectly, trading the VIX or equities, my interpretation of the Constitution would have the whole cabal hanging before the public. Or maybe I should say hanged again, after they are hanged for debasing the currency.