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Stocks Slump As Fed's Bullard Warns The Market Is Wrong
"Markets don't appreciate how close the Fed is to its goals," and thus tightening is the warning from the usually quite dovish Jim Bullard.
- BULLARD SAYS MARKETS DON'T APPRECIATE HOW CLOSE FED IS TO GOALS
- BULLARD SAYS HE'S TRYING TO PUT EMPHASIS ON CLOSENESS TO GOALS
- BULLARD: MARKETS SHOULD BE PRICING IN RATE INCREASES BASED ON WHAT THE FED SAYS
- BULLARD: ECONOMY SHOULD BE ABLE TO HANDLE IT IF WE BEGIN TO PULL BACK FROM WHERE MONETARY POLICY IS NOW
Remember, don't fight the fed - unless they say sell?
And it seems the market that is 'wrong' is stocks; as bond yields continue to tumble to 4-week lows. Consider for a moment the many reasons why bonds would be here and now thanks to Bullard, they are front-running the equity sell-off (knowing that once stocks dump, it will all go into duration).
Chart: Bloomberg
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bill dudley gonna call him for a pep talk:
"buddy, i'm lifting boulders here every day to keep this turd afloat, cut me some slack and retract. now!"
Mr. Bullard. Perhaps the markets have become a bit jaded as to what the Fed has to say. The Fed is losing credibility.
All those +100 PE stawks. Kaboom
We need more bad news I got bills to pay
what is it, 5 weeks till the prelim Q2 GDP print? Time for new goals.
But bad news makes the markets go up under Obama.....
Markets are wrong and central planners are right. I'm laughing.
Ivy League hubris strikes again.
just buy the dip and thank the FED for the opportunity to collect more free money.
..so is John Corzine..
Nope. This is exactly as I predicted here many times before that the Federal Reserve is faced with saving its own ass now it will lose if it doesn't prevent the U.S. dollar from becoming worthless paper if it stops being the global currency.
And so they're saying FUCK YOU BARRY AND YOUR STUPID BULLSHIT CAUSING ALL THIS CRAP!
The crash is just starting
Party over.
It's all Obama's fault.
OK Looks like keven was just late for work today. Things are getting back to normal. AMG BENZ or Audi R8
The blowers of bubbles are many
There's Alan, and Janet, and Benny
But now enters Jim
With news that is grim
Now stocks have low value...if any
Where ya' been LK? We've missed you.
The real target of Bullard's meme is GOLD ... They are desperate to stop the actual bullion buying and are pulling out their mouth pieces
I agree! It's because they're trying to devalue the gold held by Russia and China and India so those nations don't have as much money to build up their military forces against Western counties.
This is all about the global war clouds looming over us now
Because Obama!
THe only way the FED can today keep US economy afloat is to keep printing money. All this money has to go somewhere: financial markets, real estate, student and car loans, welfare, etc.,
The safest area to inflate is financial markets. High inflation in the Main Street leads to political instabilities and the banking mafia cannot take this chance.
So FED will continue BS talking!
THe only way the FED can today keep US economy afloat is to keep printing money. All this money has to go somewhere: financial markets, real estate, student and car loans, welfare, etc.,
The safest area to inflate is financial markets. High inflation in the Main Street leads to political instabilities and the banking mafia cannot take this chance.
So FED will continue BS talking!
Bullard is either lying through his teeth or he's the dumbest fed governor ever.
They're mini-puking on gold as we speak.
Silver is still up though
my 2 cents
FED speaking fee from the criminals on wall street should be a guide to knowing where they believe their allegiances lay. FED governors should never be able to receive speaking fees...EVER! But Tim 7-Figure Geithner is a prime example of why the regulators reward the criminals!
Why not both?
Hasn't he always been this way? Lone voice
Somebody tell Bulltard that if they stop monetizing, a 1 will appear next to the 2, and that will be your new inflation rate.
SHOCKING that he doesn't realize the only thing keeping their inflation rate down is the deflatioary inducing relentless monetization...
BWTFDIK...........
Fed can not control the demise of the PetroDollar. So what is next?
When MOAR! fails, there's always the thing that rhymes with it.
That dude Carney said the same thing about rates and then pussed out. Pussies...all of them
look at the chart of the last 3 days and see how at the very same time there is a obvious effort to keep Silver below $21.....
http://www.kitco.com/charts/livesilver.html
Double down and launch a third world war?
They can but not overtly. The abandonment of the Petrodollar will result soon in some horrific covert operations to scare those leaders away from leaving the dollar. If that doesn't work, it's gonna be fargin' war!
"Markets"... LMFAO!!!
Wall Street is becoming less and less relevant to real markets every fucking second.
Raise rates you say? Earn a decent no risk return again? Oh "the horror". Bring it motherfucker.
Good luck with those liabilites U.S.S.A. when those rates go up.
Not. going. to. happen.
This fake market is so simple even a caveman could do it....
The only way out of their self made trap is WOAR.
USD's aren't worth much when everyone is dead though.
Yes, but it fixes the scarcity issue and allows "growth" to start again...
Let me be clear, it either you or them, period.
Roll the motherfucking guillotines, nothing changes otherwise.
Market is Down. Repeat, Market is Down. Code Red. Scramble all Pumpers. Kevin Henry Report to the Main POMO station.
200 day moving average is calling.
first stop in a long trip. and no one gets out!
CNBC Anchor : "Get Tepper on line 1..."
X3 LONG NQ100 FUT @~1800
yeeeeehaaaaaa
Stocks slip and the US 10yr yield dips....some more.
One of these weeks, the S&P will "dip" by 80-100 points and the 10yr yield will crash below 2.4%.
We tu lo
Yikes - what is this strange color on my equity charts?
Tyler's, please refrain from posting an article about the fall in stocks until a later date. Let's enjoy this for a while.
Thx in advance.
Ohhhhhhh...that's why bonds are being bid up, because he says expect the dominant buyer over the past 5 years to step away as supply increases....
wait...what???
strange bond market...very strange...
Fed board members (who work hand in dick wiht Wall St) to Bullard: "Dude, WTF are you doing!!!!!!!"
This could be a "headfake" to get markets to sell b/c they are worried about the social backlash. I know Mark Carney has been "threatening" to raise rates in the UK for months to keep bondholders from selling off (but we all know THAT ain't happening).
Can we please just go back to the days when no one fucking knew what the Fed was going to do? They weren't a political animal with press conferences and shit, getting invited to Hamptons parties and DNC fundraisers marrying "reporters" and thinking they are untouchable. 20 years ago all of this shit was unthinkable
The Friggin Maestro....
And the rest of the Committee to save the World, they suck.....
What's that smell?
Oh yeah - DESPERATION.
smells like new record highs to me.
bull-tard said markets are overpriced? so the bull-market is kaput?
all good muppets go straight to dead-muppet heaven.
make sure you load up on overpriced, soon-to-be-worthless puts 'cause the FED's bulltard told you so.
"markets can float on bs longer than muppets can hold their breath."
i don't care what those assholes say, i care about what they do, and they don't do muchv except of creating short-term opportunities for short/long.
Could be that everyone has lost FAITH in the Fed.
ECONOMY SHOULD BE ABLE TO HANDLE IT IF WE BEGIN TO PULL BACK FROM WHERE MONETARY POLICY IS NOW
Interesting comment on the heels of the Fed policy authoring a -2.9% print in Q1.
What he meant to say "Whoa Nellie! Look at the F?!$'in inflation that's a comin'"
If Yellen says stocks are not in a bubble, and Bullard says housing is not in a bubble, you can be pretty sure they are both in bubbles.
"UPDATE 1-Fed's Lacker says U.S. jobless rate accurate gauge of labor slack"
Ha ha ha haaa..... ROFLMAO.... oh, my sides, my sides...... ha ha ha.....
Alright, seriously. I'm in dire need of bifocals right now (first time). Don't have them yet. What the fuck am I looking at today?
Sorry, Bullard said what, ... Smash the metals.
Oh of course, I thought I mis-heard him.
You can't destroy the metals: http://www.youtube.com/watch?v=qR7U1HIhxfA
(Tenacious D)
"Markets don't appreciate how close the Fed is to its goals," and thus tightening is the warning from the usually quite dovish Jim Bullard.
If its goal is to destroy the US and world economies, then, yes, it is very very close. It's been at it since 1913.
Negative GDP must of been a goal...who knew!
GDP Disaster: Final Q1 GDP Crashes To -2.9%, Lowest Since 2009, Far Below The Worst ExpectationsBullish ?
I'll appreciate the FED when silver is at 500 and gold at 10000 :)
THE ZIMBABWE SOLUTION!
You say you are lying, but if everything you say is a lie, then you are telling the truth, but you cannot tell the truth because everything you say is a lie, but you lie... You tell the truth but you cannot for you lie... illogical! Illogical! Please explain! You are The Fed. Only The Fed can explain their behavior! Please explain! BTFATH OR NOT?!?
Exactly who does Bullard expect the "market" to sell to if the FED isn't buying?
Fed says we're almost to Wally World kids! Lets sing a song...anyone got a tune?
Ring around the rosey or London Bridge falling down?
Bullard full o bull. Fed will back pedal and print at the slightest sign of weakness.
Or, maybe that's just what they want everyone think.....'Aw Bullard is just full o bull, the fairy tale printing just goes on forever, I'm goin all-in on this dip! Green by close for sure!'
Well I'm not betting on it.
Crashing this bitch and buying the globe at pennies on the dollar is and always has been their ultimate goal. Great Depression 2.0. Never forget that.
The day will end green.
William Dudley's NY Fed's trading desk people will ensure that.
BULLSHIT! zirp 4evah bitchez
pathetic attempt to generate trading volume
Might be time to crash the market to make the masses forget about the scandals and incompetence at the White House.
David Burge @iowahawkblog · 20h"Apparently, the leading cause of hard drive failures is subpoenas."
"Fed's Bullard sees 2.4 pct inflation by end of 2015"
WTF, we all know how good at seeing things the Fraud is... so they put the decimal point in the wrong place, anyway, when did the US have a decimal system?
That means it will be 24% inflation by the end of 2015.
Bank of America to lay off 540 mortgage workers in Charlotte - Charlotte Business Journal
Yup the housing market certainly is strong,
Thats cause everyone is paying Cash these days cause the economy is so strong
Nink, I know you're being sarcastic, but what if those with liquidity are simply desperate for yield? That would explain the level of cash offers.
Just in Charlotte, BofA HAD 540 'motgage workers'? WTF? How is that even possible? I'd think at most you'd need maybe 20 'mortgage workers' tops for a mid sazed city....what were these people doing all day?
hey, don't worry stock traders, the fed will release a clarification momentarily........OR.....they will turn on the levitator algo and V reverse the small early sell off yet again.
Someone jammed their 'Sell Vol' button on their keyboard. With Bullard saying this, I would expect that K-Hen's finger is off his 'Sell Vol' button. Someone fighting the Fed, or broken coding by Fed running on Citadel's server not '/Stop'?
K-Hen, try CTL+Break/Pause
WTF is gold crashing oh yeah it's only paper
The FED took QE too far because they thought they would have been out of the recession a couple of years ago. They realized they needed to start un-QEing last year but they also probably figured they could do it very slowly. The Russia China alliance are forcing them to speed up as they attempt to "strengthen" the dollar. Throw in the fact that America is losing control in the Middle East and Americans are reluctant to go to war and you have even more reason to need a stronger currency.
Danger, Will Robinson, Danger.........................
Why are bond prices rising on this news? Shouldn't rising rates hurt bonds too? Especially long bonds? All the talking heads have been screaming to get out of bonds and into stocks due to rising rates. Now there's a threat of rates rising and stocks crash and bonds rise? WTF?
These mofos must not realize that there's an important soccer game today!
Bonds think he's full of shit and so do I. 10Y yield -1.33%
what FED wanted with that statement.... 10Y yield +3%... Stocks flat or up after deciding this meant things are improving.
what FED got... plunging market and bond yields.
ooops..
Some control I think you have lost.. cloudy is the future.
fed forgot to start buying, nothing to see here....
OT: things getting worse in China
http://qz.com/226628/chinas-commodity-lending-fraud-just-got-15-billion-...
With the ZH dissemination of Bullard's message, stocks should rebound immediately.
As usual.
The Fed is just one wafer thin mint away from goldilocks/perfection/nirvana etc
<iframe width="420" height="315" src="//www.youtube.com/embed/HJZPzQESq_0" frameborder="0" allowfullscreen></iframe>
Whew, that was close. It looks like the Fed and public corporations stepped in and put a floor under the market. Enough of these .1% corrections! Might heart can't take this kind of volatility...
The algos have 100% control of the market.
Daily moves below -150 points are not permitted.
The algos buy/support all the dips.
Greenspan never allowed the fledglings to speak like this. Bernanke had a dovish majority, then he retired and one less dove, and very little leadership evidently. we dont know where the economy is going, the data is noisy. come on this fed is a rudderless ship. if this board starts freestyling the market will naturally take a dump.
nothing new. the fed voices two opposite opinions hourly. it is alll to spook someone into making a move so that the algos can grape them coming and going.
At this point, it's all about the CHURN...must get banks MOAR capital through prop trading...kick the can and continue to enrich the banks on range bound market
the rule in kick the can is that the can always stays in front of you. the can is inflation, and the kicker is bond yields, negative returns extend as far as the eye can see
In your analogy the slope would be debt load. As he continues to kick, the slope gets higher and higher. At some point that can falls on his head!
You know what to do.
You know what to do.
..Lie?- (no that's default)..
o please bullard, u r a fucking tool, we know u r one of the feds many puppets.
this ''market'' will be green or close to by days end, its a fucking joke.
If the goal of the Fed is to destroy the dollar and the US economy through QE, I would say that yes, they have accomplished their goal.
Protect and re-capitalise the banks. That is the ONLY FED mission.
Let me get this straight--inflation is obviously good for gold, but that same inflation will lead to rising rates which is bad for gold. So every time we have an inflation warning gold pops up, only to be smashed down by everyone thinking through the inevitable rise in interest rates.
I know, I know...for thost only concerned about stacking until the whole system collapses, these are academic questions of no importance.
BULLARD SAYS MARKETS DON'T APPRECIATE HOW CLOSE FED IS TO GOALS
Goals like the 50 million strong free shit army, and labor rate participation at lows not seen since the 70's.
Goals like $106.00 oil, and food prices that have more than doubled over the last 5 years.
Goals like the huge bubble in personal and student debt through ZIRP policies.
Goals like stealing from and destroying the middle class, and enriching the very people that caused the problem, through ZIRP policies.
If those are the goals Bullard is speaking of , then yes mission accomplished...
From CPI calculation at bls.gov food index was 238.103 in 4/14 and 215.783 in 4/09. About a 10% increase 2% annually. Right on target. Oil at 106 per barrel is lower than the '08 peak, and stable for the last 5 years after the financial crash dip.
Oh but that's right, federal government statistics can't penetrate your tin-foil hat.
Thankyou for another chance to BTFD!
If the economy was realy in great shape no of this would matter............... so it must be then rite? BTMFD!
Can't wait til the real stock bubble. You'll all be jumping from rooftops.
"Stocks up/gold down = rigged, stocks down/gold up = yay!" Amatuer as it gets.
in ten years the DOW JONES average will have at least one gold mining company stock and probably two. these guys are like sharks they follow the blood.
What goal are they close to...total subjection of the middle class? The biggest rip off in history? A war between the underclass and their overlords?
With a few trillion here buying stocks and others there buying T bonds we are going be fine !!
Remember the Fed top 5 ideas:
Yellen .-
You forgot to mention the non-bubbling character of stocks, housing, CEO-salaries etc...
"Fed's Bullard Warns The Market Is Wrong"
Doesn't Bullard know the market is never wrong?
""Markets don't appreciate how close the Fed is to its goals," and thus tightening is the warning from the usually quite dovish Jim Bullard."
Markets don't appreciate FED mouthpieces spoiling the party.
The economy is handling it. Revised GDP was down 3% in the first quarter.
BULLARD: MARKETS SHOULD BE PRICING IN RATE INCREASES BASED ON WHAT THE FED SAYS
The FED said about 3 months after the end of QE, then said ignore that. So just what is the market supposed to be pricing in based on what the FED says?
How can a non-voting member have so much impact? I don't get it... this fuck doesn't have a vote just a fuckin' opinion and the mkt reacts. I know this shit goes on all the time, every day... but this one really is bullshit as is anything coming from Fed lips voter or non-voter.
We are going to close in positive territory.
-a Polish mine sweep comes to mind, as someone earlier offered, it seems like maybe stimulating the churn is all this is about anymore.
It can be easily dismissed as an 'off the cuff' remark made by a non voting member hoping muppets will see it as a windfall buying opportunity.
rinse, repeat.