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Stocks Tumble To Lows As Post-Payrolls Exuberance Fades, 10Y Yield At 2.50%
For all the glad-handers who said "the market seems to like it" - how do you like it now? The kneejerk jump in stocks to green on the day after payrolls (miss), spending (meet), PMI (miss), UMich confidence (down), ISM (beat), and construction spending (big miss) noise sparked algos momentum is fading fast... Treasury yields are plunging (10Y < 2.5%) along with the USD Index - giving up the entire Fed move. Gold and Silver have jumped around 1%, oil is lower.
Well that didn't last long...
Treasury yields are tumbling... having retraced the entire post-FOMC losses
As is the USD Index...
Charts: Bloomberg
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And, the lows for the day are in.... Kevin, pound the vix and let's call it a day.
http://www.washingtontimes.com/news/2014/jul/31/feds-accept-bordom-lack-...
He's pounding somethin
screw kevin....just dont prove that dikhed gartman right!
And fuck you Fonz you homo!
theyre leaning on Gold and Silver again contravening what they should be doin given the continuing rot in the markets that is becoming clear despite all the fucking lies and propaganda...
fucking joke...
Huge block trades coming thru the ZNU4 contract today. Either a massive short squeeze or somebody is expecting a bloody weekend.
Business as usual in the new normal/Groundhog day BS we live in one day at a time now..
I guess my Dow 20,00 hats go back in the closet for another year. More's the pity.
Just judging from history I'd say BTFD.
I would expect at least a 1% decline today by close. Slowly thge realization that things are coming apart is finally going mainstream.
The problem is your statement has been valid for the last 600-700 SPY points.
Wile E. Coyote must have looked down. Never look down.
Just trying to touch the 200ma, so another 100 or so to go. What then, stabilize or bounce back higher? I'm lining up a little cash to BTFD.
Some major stocks like GE have already fallen below their 200ma.
I think someone must have told Auntie Yellen that markets are supposed to go down now and then as well as up, and she's trying it out. I hope it doesn't slip from her grasp. If it goes below about 16100 (another 350 points below current), then it's an oopsie on Auntie. But I don't think it will go that far.
I think her goal for the next year is basically a flat economy, no volatility, maybe 2% growth plus 2% inflation. Will she get it?
No no no! Keep all those plates spinning on sticks in the air. Add another one! spinning... spinning.... spin
Atleast we have low paying service jobs to fall back on when it all comes unglued.
looks like we need some truly catastrophic economic news to push this market higher now