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S&P Hits All-Time Record High As Russell "Death Cross" Looms
For the first time since July 2011's plunge, and with almost half its components already in bear market, the Russell 2000 looks set to experience a 'death cross' in the next few days (50-day moving average crossing below the 200-day). But don't look at that - the S&P 500 and Dow hit new record highs (despite market internals slumping) today ahead of the BABA IPO to keep the dream alive just a little longer ahead of tomorrow's quad-witching malarkey. Today's action was dominated by dismal housing data (demolishing yesterday's exuberance in homebuilders), Poroshenko's "Ukraine invasion" headlines, and hopes ahead of BABA and Scottish votes. USD down on the day, commodities down, bonds unch, stocks... UP.
Russell 2000 Nears Death Cross...
As market internals collapse...
ALL ABOARD??? Uhm, no pic.twitter.com/jBmi8553tU
— Not Jim Cramer (@Not_Jim_Cramer) September 17, 2014
With "Most Shorted" stocks dumped into the afternoon...after the big squeeze open...
Since the FOMC statement, things changed quickly for homebuilders...
And financials were the post-FOMC big winners - but credit continues to ignore that relative exuberance...
Just like last time...
Gold ansd silver were smashed early on but bounced back after Poroshenko's "Russia has invaded Ukraine" statement to The US Congress...
And while stocks bounced back from the initial plunge, they struggled to hold post-Poroshenko gains... before the utter buying panic that happened in the last hour
And on the week, while The Dow surges, Russell 2000 managed to get to unch after the usual late-day buying panic saved the day...
Treasury Yields stabilized today after the post FOMC kneejerk - unchanged...
Credit weakened into the close...
FX markets saw USD weakness on the day, giving back most of the post-FOMC gains.. on EUR/GBP strength outweighing JPY weakness...
USD Up, Stocks Up becomes USD Down, Stocks Up...
Commodities dropped on the day - despite USD weakness...
Stocks caught up to USDJPY's overnight ramp... led by AUDJPY all day again...
As both WTI and Brent slipped...
Charts: Bloomberg
Bonus Chart: While GBP vol is heavily bid, the modest recovery in cable today suggest traders think a "no" vote is coming - but don't seem convinced relative to the decline...
And here's how undecideds made up their minds...
#indyref Might help the undecided ? pic.twitter.com/bMEmbhv4Pb
— Jon Tait (@jon_tait) September 18, 2014
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Well, this explains why
http://dailycaller.com/2014/09/18/mark-levin-you-actually-have-a-revolt-...
There is Military Revolt going on
What a load of crap. The military likes making money just like the rest of us, and war is how they get paid.
and Obama is aiming at transforming America with or without your consent. In fact your representative's votes and therefore you don't mean shit. Part of that deconstruction is taking the United State's world influence down a major notch. What better way to do that then to destroy the dollar as the world's currency. We are well on our way are we not? All under Obama's watchful eye. Check and mate.
The military was tasked with helping to train and arm ISIS in Turkey and Jordan for the last three years. The public cover story being that moderate middle class Syrians were being helped to fight Assad's government in Syria. This was utter rubbish! Extreme radical Islamic Jihadsts from 80 different countries were collected in American funded bases in Jordan and Turkey under CIA control. To train them, American military assets were used. These anto Assad Jihadists were meant to overthrow Assad for America and then America would find a way to dispose of their Islamic radical army. Well, it did not end up that way. Assad defeated this America Islamic Army in battle, so the Islamists began to build their forces under US funding, arms and training. Soon thousands of American armed terrorists were flooding into Iraq to an alliance with Sunni Iraq. In Libya, another American led Islamic Army was building, this then used CIA transport to go to Syria, thus the ISIS was born. Soon as many as 4,000 Europeans, Australians, Americans and Canadians flocked to Turkey to join this Amerrican Islamic Army. In the end, when they walked away from their American bases in Tukey and Jordan and Libya, the ISIS number 20,000-30,000 heavily armed agents of American CIA and military training and invaded Iraq on a grand scale. Capturing in days billions of dollars of American heavy weapons, including attack helicopters, Tanks, APC's, Humves, truckes, missiles, and heavy cannon and machine guns.
Now, all of a sudden, America is going to war with it's own Islamic Army. ??? Please explain this?
Oh, and does anyone care to present evidence that anything or everything I just said can be proven wrong? Good luck with that.
Why is this happening? Ask the CIA, the Pentagon, Israel, AIPAC, the Congress who approved all the spending and Obama the leader of the world's largest Islamic Radical Jihad Army. This army was supposed to oust Assada and replace him with an American hand picked leader. Yet, this fucking plan went to shit, just like every USA plan since Bush invaded and conquered Syria and NATO conquered Libya.
I think it is obvious that Obama has offered a helping hand for the pro Caliphate along with Valerie Jarrett. Both as a reminder are Sunni and their desire have become clearer to people connecting the ME dots. Whether it has been in Libya, Iraq, Syria, Egypt, Palestine, or you name it Obama has sided with the extremist movements. The US State Department and administration have most certainly been aligned in somewhat bizarre opposing view from the rest of America including our armed forces. I have no doubt the US armed forces high command oppose Obama now and they are now just beginning to actually voice their opinion both from the left and right politically. Strange times we live in.
Mark Levin as usual doesn't know what he's talking about. If there is a revolt in the military, it's over the black hats at the CIA and Pentagon and their buddies in Riyadh OPENLY funding and training and arming jihadis from Libya to Afghanistan, using them as a casus belli and sending American men and women off to fight and die for the benefit of multinational moneyied interests.
Mark Levin would be much more credible if he didn't moonlight as a neo-con warmonger when the opportunity arises.
Agree. I suspect Levin is really a zionist shill. He's claims to support "judeo-christian principles" (whatever that means), but he never questions the motives or action of Israel, he is a war-monger and supports this so called war against this made up enemy called ISIS. If he's not a zionist shill, then he is an idiot like most of the other sheep.
I'm tired after jacking off to all that chart porn!! Next stop is to the Yellen Glory Hole for some full service action!!
Nothing else matters except the major indexes hitting new all time highs. The average person pays attention to little else in the financial world.
Hillary Clinton will fix all of this. After all, the mainstream media can't be wrong.
Wife: "Wow Harry, look at our 401K! We'll be able to retire early!"
Husband: "Yeah, just like in 2008."
Try retiring with these annuity rates.
Hey, you can get a 15-year annuity at 3% right now! $1,250/mo on a half million buys a lot of cat food! And the CPI is -0.2%, so you'll be set for life! /sarc
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Who needs a death cross when we have old yeller and his printers running 24/7/365 bitches!
Dow up another 27 points AH a tad under 17300 !! S&P 2014 unrea;
Record IPOS are Record prices.
Looks to me like the fish at the top are trying to dump dump dump before the getting isn't good anymore.
"Turn out the lights the party's over"...
Some music from Willie to go with the news!
Well worth a listen:
Rickards on the imminent collapse of the financial system: http://pro.moneymappress.com/MMRBSLG39/WMMRQ904/?pub=mmr&cookie=no_mm&h=...
like the Guy but if you had sold the US$ and bought Gold for the last three years as he has suggested you're already fucked
Dow >17300