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Stocks Up, Dollar Up, Bond Yields Up, Commodities Down As AAPL Hits $100.00
Weaker than expected inflation and better than expected housing data sparked a dump in commodities, surge in the USDollar and US stocks. US Treasuries were unsure at first but once the US cash session opened, bonds were sold hard. The trends of the morning though have now slowed and are reversing modestly as Europe closes... and AAPL tops $100...
Commodities sliding...
Stocks jumping but stalling post EU close...
Treasuries were unsure at first but started tro dump when US equity markerts opened... only to stall when Europe closed...
All about the Jackson Hole trade? Let Goldman explain...
With opinions mixed as to whether or not Jackson Hole will be the forum for Yellen to say something new, many are trying to figure out if it is a buy the rumor and then buy more after the fact event, a buy the rumor sell the fact event, or a do nothing with the rumors and then buy the fact if the USD is actually rallying after the fact event.
Clear?
Charts: Bloomberg
Bonus Chart: AAPL $100
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Kevin Henry follows his instructions to the letter. Or, perhaps, it is God showering his blessings on America.
Don't pee on me bro God.
Must.Get.Gold.Under.$1300
There's definitely NO inflation anywhere to be found. Inflation is extinct.
/sarc
I'm tired of hearing how oil is down while premium is $4.05 here.
SheepDog,
$3.12 Here in Florida..
It'll go lower. I'm waiting for $1265
Bad data, good data, war, no war.
Totally irrelevant to the Con-market
I'll try and remember that inflation is down next time I'm at the grocery store.
Mainstream media talking point. - "Yeah....but food only represents 8% of the average household budget."
So the pain ain't that bad bro.......yet.
<Just wait until you are spending 20% or more of your household budget on food. Anyone here remember the late 70's and early 80's?>
That's what the stock market is for, to allow the economic class that matters to keep up with "food inflation".
Bullshit, I find "smart and savy" people in several sectors. Sometimes they are participating in stocks, sometimes they aren't. In any case, they always have an ownership stake in something.
not all "clubs" are the same, but there are most definitely some great clubs to belong too...
The point is that the biggest beneficiaries are the crony management and owners of the stocks selected for support by the Fed and its minions. I bet the Fed doesn't support stocks that break the PC code and don't spend the big lobbying bucks. Furthermore, the huddled masses are not tipped off to when the Fed support stops.
It much simpler than that as The Fed controls the money supply and monetary base. They really don't give a shit about who spends what or does what. Their balance sheet is irrelevant and more importantly their purchasing power is infinite, so long as people keep accepting those paper promises in exchange for their labor.
Nearly there.
So if the average family of 4 spends $10 per day per person over a years time you get a sum of $14,600. Some how it would appear that the 8% is pure and un-adulterated horseshit. Even at $5 per day per person (good luck with that) you're talking $7,300. Unless the average family, after taxes takes home $90,000 and never eats out (McDonald's, BK, Taco Bell, ect. would probably cost $25 for a family of 4, and who wants to eat that), the average family is spending probably closer to 20-25% on food after taxes.
Good call Nakki. And if you prefer to eat healthy food you will pay even more. My local supermarkets jack the price on anything that is organic or health oriented because, presumably, they think that customers who buy healthy food are richer and have more price discretion.
In theory you can eat on $5 to $10 a day if you are willing to live mostly on bulk beans, rice, chicken and produce and cook all your own food. But most younger people I know don't cook at all and live entirely on packaged or prepared food. And most people who do cook will use a lot more expensive ingredients than this.
Vegetables and fruits are through the roof were I live. I recently posted that on my last trip to the grocery store I saw a pack of Angus beef hot dogs for "everyday low price" of $6.39. This wasn't some artisan made product, it was ball park franks. I had to do a double take. Of course right next to them was a pack for $1 or buy 10 for $10. Can u imagine what the hell is in those $1 a pack hot dogs? Don't worry though I'm sure California will get plenty of rain and meat and produce will be tumbling in price next year.
Anyone here remember the late 70's and early 80's?
Yeah, was growing up then and remember my mother crying at night after I went to bed. My father told me after she died it was due their not having money and skipping meals so we kids could eat. (no /sarc.)
Things turned around and they locked in most of his retirement savings at 16% when Volcker did his thing. A couple decades of guaranteed 16% annual returns really changed their fortunes. Sadly no one will be so lucky this go-around.
good news: Locked in 14% compounded for 30 years.
bad news: only had 2K to invest
Was APPL recently split 10 for 1?
Holy cow. They don't even spell it properly. It's APPLe.
I had to look it up. 7 to 1.
I was scratching my head thinking AAPL dropped 75% in the last few months.
pods
52 week low is 64. 100 is an increase of almost 60%.
Construction is doing well in KaLi, new strip malls and developments currently building and planning.
I think we've turned the corner on this non-Recession we haven't been having for a few years now.
It's so fucked up. Just got back from market. Prices seem inflated on most everything, especially the beef. Yet Gold , gets hammered almost daily. It is mind numbing.
we price apples in kilos so you can't figure out they cost 4 dollars a pound.
AH, so you're one of 'those people', a peasant who actually goes to markets for your food and buys gas from a pump instead of having your waitstaff do all the for you while you're cavorting in St. Tropes? How gauche.
Prices seem inflated on most everything, especially the beef. Yet Gold , gets hammered almost daily. It is mind numbing.
Bankers buy gold. They sell beef. It's not that complicated :-)
Food inflation only affects the Trash Class. Why is everybody worried about food inflation?
Machines trading on lies.
BTATH bitches.
For those complaining about food and energy costing more: Eat cake!
Exactly. If you are whining about "food inflation" doesn't that almost make you one of "those people".
Survival of the fittest, BITCHEZZZZ!!!
Who is a criminal: Fat and unfit people or thieving Rothschild banksters, their treasonous pol and crat puppets and their enforcement thugs?!
An American, not US subject.
When it gets bad enough your "Trash Class" takes it from the people that have the rest of wealth.
It may take a while. Their coming after your assets.
loving this downward silver trend channel over the past 6 weeks or so. They knock a little out and let it settle, then knock a little more out, etc., etc. each week.
Now that silver (paper prices) has been pushed through a weak support area today below 19.50 there isn't really a heckuva lotta support until we get back down to 19 again. After that it has tended to get strong around 18.70 or so.
It's impossible to tell what the Cartel will do, but this trend looks to push silver down to test those resistance levels once again.
Hard to time the dip, but we're not talking about a very big percentage of risk to the downside from here anyway, but if you're stacking phyzz I'd recommend just buying in small amounts depending on what "small" is to your dry powder supply.
I've picked up 10 ounces each of the last 3 weeks all at lower prices than the previous purchase in hopes that this downward trend was going to continue. And it has which gets me a little bit cheaper phyzz each time.
Don't make a big purchase yet at this level...save some dry powder for the coming weeks ahead. We just may see 19 again and/or possibly some overnight lows in the high 18's like we did back right at the beginning of June.
Once Ag hit around 18.70 or so it went on a very quick 2 dollar run in about 4 weeks time up to 21.50, and has now been on this return trip towards 19 again since the first week of July.
BTFD's...but do it small tranches now and take advantage of this sale while physical supplies are still out there and premiums are low.
This paper charade bullshit won't last forever. Just keep stackin' at these insanely low fiat prices and be glad the Cartel has given us more time to do so.
Good post Save_A ... simply because I agree with it! How's that for goalseeking validation?
After the last two years, I simply assume any approach the Au and especially the Ag price makes to the previous low will take out the previous low.
I have added twice this year to my stacks, both around the 'lows'.
I am waiting for this one to lose support also.
the strategy u outlined i have utilized every time these orchestrated severe phony paper attacks have occurred over the last 2 years...i too have scaled downed purchases from the 250 to 100 oz's...
why buy big if their gonna keep giving u the opportunity to stack at these stupid manipulated phony prices...
keep stackin.......
So if you owned AAPL before the split one share would now be worth $700, correct?
Did they do a split so it wouldn't look like such a huge bubble?
One bad iPhone away from the Sculley days.
iPhones 2-5 are basically derivative crap. But somehow its not stopping them....yet.
Correct. I guessed 10 to 1 because I thought AAPL was worth 1000 bucks.
Is anyone really watching this shit show and taking it seriously anymore? Really?
Come on, even the most committed of Fed lovers must be acutely aware at this stage of how impossibly rigged/fucked every "market" has become. That fact alone should give everyone everywhere some pause for thought.
The analogy of the guy keeping all the spinning plates going should be very applicable here. If (and when) one breaks, very soon they all will. There is no trade on earth that would convince me to join in with this insanity.
The handoff is happening now.
my thoughts are to wait for all time hi of 100.72 and then short the NQ. order is inat 34.50
might be a little low but going to try it....
Still think it's nothing more than no-volume, pre-Yellen puffery, like soap bubbles blown by a child, staying aloft in a light breeze. No institutional folks are around to sell in vacation season, and they wouldn't short anyway until after hearing Yellen speak, in case there's a surprise, or a better entry point. Annoying, like waiting at the dentist's office . . .
Double top for Apple.
Yep, I got out, yesterday. Took my 30% and ran.
Inflation.... where?
My butler just got me some caviar and dom perignon from the local golf club. Been the same price for years now. Tssss inflation...
Corrected: SHFE silver warehouse stocks sinks below 130K kg from withdrawal of 9,637kg today
Tragic turn of events here: http://bangordailynews.com/2014/08/19/news/hancock/one-dead-in-car-pedes...
Hedgers should be quite familiar with him.