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US Equities Surge To Last Week's "Europe Is Fixed" Highs
Remember last Monday - the day after Banco Espirito Santo was bailed out and Europe was fixed... before the world's geopolitical chaos rotated to aa on the Spinal Tap amplifier of doom - well US equity futures have levitated on de minimus volume, with the help of AUDJPY, to last week's highs. And all that before Rasmussen threatened Russia, US unleashed airstrikes and Russia stopped its military drill. Treasuries are 0-1bps higher in yield. Silver and oil are rising notably.
Wondering why stocks are up? Here's one reason...
Stanley Fischer gave one of his first major speeches and the first one overseas since becoming vice chair, and it’s quite interesting the number of times he worked in phrases such as "cautious on recovery," "productivity and growth disappointed," "global growth disappointing," "careful on being too reliant on data- dependence as part of forward guidance," -- this is not the speech of an activist, Bloomberg's Richard Breslow writes.
Not as rah-rah as could have been expected, hopeful was the best you could say; if you were looking at S&P futures as he spoke, every time he said the word "disappointing," they ticked up, not a coincidence
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The US con game orchastrated by the gangsters in DC and in NYC to suck in the unsuspecting. The bottom will fall out and the hard working Americans will have been lied to yet again by this same group. Where does the madness end? We are in a depression masked over by printed money and stock prices reprsentative of a booming economy. Wake up people!!
This is moar of a technical bounce as I expected last week saying it would if it didn't fall below horizontal support of the previous peaks seen April and May
But any significant break below the lows last week due to a turn for the worse in Ukraine, Iraq, Israel, Argentina..... and equities implode.
Yay, everythings fixed ... buy buy buy ... wait a moment, does that mean no more stimulous ... sell sell sell.
Bored already.
They are manipulating the stock market up to a point right now so that means their room for error and getting into a total meltdown is getting mighty small
The bigger the bubble, the bigger the pop.
Hey i have a great idea! Slam the VIX and make a ton of money because the market will never go down!
50 handles up from friday am lows, good spot to buy!
And all that before Rasmussen threatened Russia
Tylers you're psychic. :)))
"Silver is rising notably"
I need a break from this place.
Yep. Think we're pretty much scraping the bottom of the barrel now at this point.
We can always look forward to war with Russia of course.
And vice versa.
Horray!
Bad News = Good News
Good News = Good News
“No News = Good News”
Good News = Bad News
When the above equations are fed a series of values the plotted results, as in chaos theory, produce surprising designs with “self-similarity at increasing magnifications.” Considering ‘increasing magnifications’ to be chart time periods (daily vs. hourly vs. 15m), and you have our stock market, plain and simple.
So when we bounce today smartly off of low points on daily charts, then seem to stall out above recent highs on hourly charts, it won’t be ‘geopolitical’, but simply “news” feeding through the system. Enjoy the modern art, the world is the algos’ canvas.
For those interested in EWT:
http://www.globaldeflationnews.com/dow-jones-industrial-averageelliott-w...
It goes up when required, any down days were just a bad dream.
It's all as fake as Mooch's boobies.
edit: my bad, fuggeddit.
"...all hell is going to break loose." according to David Stockman. Looks like it already has... denial is a powerful mistress.
http://www.globaldeflationnews.com/stockmans-warning-on-the-global-econo...
Cargo-cult logic says that the boom in equities will eventually drag the real economy into prosperity. You just have to believe!