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US Dollar Up - Everything Else Down (Except Trannies)
Draghi did it (or didn't), blame him... From record intraday highs (on vapid volume) to 5-day lows in the S&P 500 as Mario Draghi cut rates even negative-er and promised to do more QEing. EURUSD collapsed over 2 big figures to 14-month lows below 1.2950. The implicit USD strength sparked selling in everything else. Treasuries pushed notably higher in yield (30Y +13bps on the week, 5Y +8bps) and held their yield highs as stocks started to collapse after Europe closed. The standard late-day machine-driven VWAP ramp lifted stocks off the lows, but S&P 2,000 remained elusive. Gold, silver, and oil all pushed lower as USD jerked higher. High-yield spreads jumped most in 6 weeks to 3-week wides and provided a warning to stocks all day. Bottom line - USD up, everything else down... (except Trannies).
Stocks manage to just regain the levels from the ECB rumor pump early in the EU session...
On the week, Trannies remain green
S&P 500 2,000 remains all that matters... no matter how much damage intraday
All the volume was on the downswing...
Note that Treasuries did not rally as stocks collapsed...
As September convergence continues...
And credit markets flashed red all week...
Commodities all slipped...
As USD soared to its highest in 14 months...
@PipCzar yep pic.twitter.com/13BJ5awrDP
— Not Jim Cramer (@Not_Jim_Cramer) September 4, 2014
So ECB is 'easing' therefore all the hot money in the world slushes to European assets (remember does not need EUR as its all via repo and leverage)... leaving US assets the dirtiest clean shirt... this must be how Russia feels sometimes?
Charts: Bloomberg
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A TEPPER TAPE parade today.. http://hedgeaccording.ly/2014/09/david-tepper-its-the-beginning-of-the-e...
good thing ma and pa kettle came in to buy 1.25 mil blocks of SPY at EOD - like clockwork
I feel richer already.
I'll gladly pay you Tuesday, for a large stock purchase today....
Not a big Rivers fan but she may have been put down for calling out O's Trannie.....
I would guess not for the simple reason that it generates sympathy for her, which would almost give her a human element.
Get out of the way... this thing is going to blow very very soon
Those cock suckers..
Even when I lie I tell the truth
Draghi Top? Could be with a down day tomorrow.
Damn those 3 point down days.
3 points down, 0.15%, off the lows, a rounding error off all time highs (to be rectified quickly overnight and into tomorrow, no doubt)
Gold, on the other hand, down 0.5% closed at the lows, 40% or so off all time highs
The kleptocrats still got this.
So USD strength and PM weakness. I have a question for investment minded people on ZH that are far brighter than I:
If I have a stack of cash and a stack of gold, am I all set for hookers regardless of market direction?
TIA
No, you are not. Best stock up a few keys of blow to keep the ladies entertained. And more compliant.
No, you need product on-hand. Cocaine is an investable asset and store of value, obviously. Properly packaged, it will last indefinitely.
I wouldn't want to be the one walking around with a bunch of cash in my hand looking for a supplier when the shit hits the fan. They're more likely to shoot you and take your money (or sell you baking soda in a bag) than they are to do a real deal.
(Chill out, DEA/NSA snoops. I'm just joking around.)
Trannies for the win !!!
time to start reaping what you sow Tepper, you fucking sick hebe
Rubble is at record lows, all the Putler lovers, when are you going to load up on Rubles? Russian economy is awesome and all the sanctions will backfire on the West, imagine all that money you will make once USD crashes(which according to most people on this site is any day now).
As USD soared to its highest in 14 months...
i guess i'll continue to enjoy reading corporate earnings reports noting negative effects on earnings due to strong dollar (unfavorable currency exchange puts a hurtin on overseas earnings)
Makes perfect sense to me. Metals and oil down, and fiat...that is paper.......(and correct me if I am wrong here but I think it still comes from trees or at some of it does) is up.
Does this mean my toilet paper is worth more on these days as well? I sure hope so. My ass is bleeding from all the shenanigans, please tell me that asswipe rises in value as well as the USD.
Perhaps trees are the new gold?
Any good Investor or Crisis Prepper would cover his shorts and his rear.
Hence, make sure you have enough 'paper' to CYA and hidden 'derivatives'. Extra Gentle or Extra Strong?
This to me looks like a true "war scare" day. The silence of said "piece" remains absolutely deafening to me.
There are tens of millions of dead from the last war in the East...yet only talk of "moral authorities"? Give me a break.
It is ironic indeed that Putin and Poroshencko are suddenly on the peace train. But to me these matters look already decided. Only the Germans understand the history as well as these two combatants. Hopefully they can actually get peace as "Operation Trident" approaches.
So ECB is 'easing' therefore all the hot money in the world slushes to European assets
If ECB "QEs" ---> borrow in weakening currency (euro) and purchase assets (Treasuries) in strengthening currency
i think they have a name for this ....
Melissa,
Sorry about your Mom. Never followed your duo gig. When your mother called out that fucking wilder beast Michelle in the White House, she caught my attention.
Time to step into your mom's vulgar shoes. The medical industry is a disaster. My deepest condolences even though I was never closely attached to your mom's comedy.
Lost my mom at 21 over breast cancer. After chemotherapy, breast reconstruction surgery. The doctor said, oops we missed some cancer cells. My mother was gone in 6 months. This was the Cleveland Clinic. Moral, be fortunate your mother made it to 81. Second, find out what really happened. Present the toxicology autopsy report. You, not the Jewlander Media reporters.
Sincerely,
Atomizer
3rd quarter missed revenues will be blamed on Putin & Joan Rivers...
S&P 2000 regained already Dow up 35 LOL, DAX up 60 FTSEMIB up 200 !
Mario Draghi, be grateful those trannies are not going down on you.
I'm new here guys so sorry for the noob question: Do treasuries normally rally when stocks collapse? What is the significance of this not happening?
Normally, yes. Nothing is normal now.
OK, thanks :)
Trannies? Joan Rivers called Moochelle a tranny and look what it got her!
Gold heading down to levels that will making even the most hardened gold bug weep... and, yes,... you will be able to take delivery at those prices.
Gold eventually heading to the $650 to $850 range for as long as it takes for people to get tired of waiting.
Haha... no... think lower. Much lower.
Sooooo-the dollar spiking up is a "rush to safety?" Really?
Nope. Its a belief, rightly or wrongly, that the US economy is ahead of the rest of the world now and will be the first to raise rates. USDX knocking on 84 now, 90+ on the way.
The market is saying stay in cash. But what to do? The market is cheap by historical measures. But why is the tresury not yielding anything?