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Fed Hits Rumor Panic Button: "Sources" Confirm Yellen's Confidence In US Recovery
It would appear The Fed is in panic mode. According to two "people familiar with her comments" - who asked not to be named because the meeting was private last weekend:
- *YELLEN SAID TO VOICE CONFIDENCE IN EXPANSION AMID FOREIGN RISKS
Of course, this is now the last thing that markets want to hear since it means she is less likely to unleash QE4.
As Bloomberg suddenly reports,
Federal Reserve Chair Janet Yellen voiced confidence in the durability of the U.S. economic expansion in the face of slowing global growth and turbulent financial markets at a closed-door meeting in Washington last weekend, according to two people familiar with her comments.
The people, who asked not to be named because the meeting was private, said Yellen told the Group of 30 that the economy looked to be on track to achieve growth of around 3 percent going forward. She also saw inflation eventually rising back up to the Fed’s 2 percent target as unemployment falls further, according to the people.
...
Yellen’s reported remarks were roughly in line with the forecasts presented by Fed policy makers at their last meeting in September. They saw the economy growing by 2.6 to 3 percent next year and inflation rising to 1.7 to 2 percent in 2016, according to their central tendency forecasts, which excludes the three highest and three lowest projections.
* * *
The problem is - that growth narrative is busted now... and the only thing to save stocks, simply, is more QE (which means fear, moar fear, and utter terror at growth prospects and market losses)
* * *
Simply put, here's why no one cares how confident she is...
Because they are terrible forecasters... all the market needs is moar free money.
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RAISE THE "FREAK" FLAG!
I am waiting for Cramer to say that the Airlines are fine.
thats the signal i have been waiting for ... time to go all in ...
I'm confident Yellen and the Fed are wrong, yet again.
With the timing of her statement, I think she meant that shes confident that the PPT will save the economy once again...at least for today.
Shit, the Fed must own half of all outstanding SPY shares after today.
Close at -362, my guess.
Green in 1 2 3
Fuckin moved 100 points up on the Dow in a blink of an eye
Where is the dwarf when all hell is breaking loose?
Yeah..call me wrong..if your an idiot..but it doesnt look like 'the last thing the "market" wants to hear.
:/
Snicker
I don't know what you're referring to; but the stock indexs are ramping up nicely right now. you can't enter this market right now with any big %probability on your side.
my advisor at SAXO bank advised said exactly the same thing ...
That;s because he's smart. Stick with them; they're a great Bank.
was edward quince in attendance or receive an email? or is ed quince retired now and its eva quat.
Bear sterns is fine. don't pull your money out of bear. don't be stupit.
what a friggin moron. cramer is beyond being an a$$. he's battling cnbc for irrelevancy.
You mean raise the false flag
Exposing The Ebola Hoax
The Elite's Plan For World Genocide By Vaccine
http://ebolahoax.com/
I would like to see some Ebola hoaxers volunteer to slip-n-slide naked through one of the victim's liquefied organs, diarrhea, and vomit.
The treatment is full blood transfusion, it drops the viral load so your imune system can catch up. Like a power up. Those 2 doctors recieved the treatment. Why isnt the msm talking about it?
Well cause the red cross is administering it.
Good to see you 50 bagger.
RIPS
Ebola - a viral bucket challenge with a twist.
"I would like to see some Ebola hoaxers volunteer to slip-n-slide naked through one of the victim's liquefied organs, diarrhea, and vomit."
Just in case you're not aware, most of the "ebola hoaxers" actually live in West Africa. Haven't these people suffered enough at the hands of the vaccine serial killers like Bill Gates, WHO, NIH, Red Cross, DWB, and the western brainwashed sheeple who enable them to carry on with their genocide programs? If you feel so strongly about it why don't you go volunteer to be a test subject for the ebola rabies vaccine?
she should have sourced strength of bitcoin... that is where she finds confidence. would sounded same.
http://hedge.bz
wow I wonder if they will start talking New and Improved Super Duper EXPONENTIAL QE to go with the EXPONENTIAL deathrate??? now that no one will be driving, flying, going to work, ot leaving the house for 1-3 YEARS ... can you out print that beitch
Kevin Kostner in the "Postman" is our future. Crappy movie=crappy future. Maybe Kevin should consider being a soothsayer as an occupation while he's waiting for his acting career to return.
looks like the party is over; they got the ramp going nicely; forty five degree up angle on the S&P; just a flesh wound.
i cut off your bloody arm!
I've got word for you Yellen,
Your a little too late in this downturn, and a bit too bag and sag to be singing like your Mary Poppins or that god dam Nun in the Sound of Music.
You either start printing or move on to the old folks home. We are waiting...
Sincerely,
Wall street and the gold community
I used to think she was just to old for the job.
Now I understand Americana needs a Grand Motherly, Norman Rockwell feel to what will destroy, once and for alll, the 20th century middle class experiment.
Hey! You edited... no fair.
As I was trying to say:
I reckon you had two words for the old lady, eh? Or would that just be a slight stutter.
20minutes to go going up vertically; all buyers; no sellers. merely a hiccup. Entertaining.
Stupid bitch.
4.43 trillion FRN balance sheet at Fed at present.
Good luck, BernYellen.
i am sorry what???.. i cannot here the dwarf through my hazmat mask
Just a coordinated, pre-planned move to get to VWAP for the institutions, where they'll sell their inventory, then re-load short for the final leg down . . . ah, at least until 3:28.
Boy, the market is really showing confidence in this "the economy is set to grow at 3%" line. Oh wait, no it isnt. S&P is down 2% right now.
For a good laugh I open finviz and hunt for greens. Who's up on a day like this in an upside-down financial universe? An hour before the close here's what I find:
Best Buy - up 1.5%
Gamestop - up 3.6%
Office Depot - up 4.6%
Sears Holdings - up 2.2%
Time Warnet - up 2% (pleasently surprised myself with a misspelling)
so we can see - 500 for dow tomorrow, Hooray
In other news; Janet Yellen been spotted leaving her favorite Tarot and palm readers rather intoxicated!
see, like i said. when in doubt, they'll lie.
OH well if ol Yellen said it then it has to be true! Get outta my way I need to rush in and buy some dip!
Fuck her. What does Billy Ray Valentine say?
"... amid foreign risks". Those damn furiners, it's all their fault. Why can't they just print and grow like good ole exceptional US of A? It's so damn easy ...
This whole financial ponzi has anglo-US fingerprints all over it, everywhere. And they blame foreign risks. Hahaha.
KEVIN HENRY......KEVIN HENRY......WHARE ARE YOU????????
5 stages of grief
1) Denial
2) Anger
3) Bargaining
4) Depression
5) Acceptance
Fed is in 1), pres is in 2/3), and the American people and the economy are in number 4
Mark me down for number 5 on that list.
You forgot stage 6) "OFF THE LOWS!"
The Fed knows that their actions are nothing more than a ponzi scheme of theft.
What they want is for us, the people and sheeple, to adhere to the 5-stages.
1) Deny they are thieves and are robbing us.
2) Angered at the knowledge that they are thieves and robbing us.
3) Bargaining with the truth about their theft when they send out their armed government goons to "persuade" us to go back to step one.
4) Depression after being extorted into believing their lies.
5) Acceptance of them and the lies--2 + 2 = 5.
An American, not US subject.
"I 'print,' therefore I'm a bankster."
And so funny. They are bidding up home builders since interest rates are plummeting on a 30 year mortgage. As if it makes any difference. How many really have good paying jobs to afford a house and market sell offs usually do not mean more hiring. This is so embarrassing. What a fucked up country we have become.
AT&T Retiree Health Insurance Plan Cancelled
They should go on strike!
Oh, wait. Never mind.
An American, not US subject.
"We'll promise you the moon. It's the delivery that will be the problem."
Note that the start of the word confidence is 'con'...
http://olduvai.ca
Fucking surreal.
Sucking forreal.
blank.
Germany is already in recession with two quarters of declining GDP. If you believe in voodoo, U.S. GDP will grow 3%.
If you believe in Voodoo; and that Tinkerbelle can really fly, and the power of prayer, and several other things I can't even remember right now; otherwise; not so much.
NOTHING TO SEE HERE.....MOVE ALONG.....RESUME CONFIDENCE SERFS....BUY SOME STAWKS
Upcoming asian session review:
http://www.youtube.com/watch?feature=player_detailpage&v=4eYSpIz2FjU&lis...
if you go short on this "unofficial cover" story you will get your heart ripped out. qe4 is already spoken for. and qe as far as the eye can see. dont fall for this trick.
If 'QE 4' is already spoken for...then how is it relevant? Guess they better start QE 5.
I'm fairly confident Ebola's going to take names and kick ass.
Help us, Oh Ben Van QEnobi, aka Mr. Quince, you are our only hope!
Oy Vey Ben QEnobi !
Lemme see if I can remember. Ben told me to flip a coin...heads, more QE, tails, no more QE . Oh yeah, he said a two headed coin works much better.
Sometimes you HAVE to lie. We'll played overlords, well played.
I just love that chart.
It's a good thing we have ebola, the financial crisis 2.0, and ISIS to blame to collapse on. I hope you all are ready.
This entire policy of "just being confident" is getting obsurd.
The charts are showing a perfect V shaped recovery on the day. I couldn't have drawn it better myself.
The Fed just needs to put out a statement that until further notice, they plan to raise interest rates tomorrow.
LOL.
I am certain the Fed will 'do something'..usually that means debasing the currency since that is all central banks have ever done to any currency in the long run.
I don't have confidence to act in the short run but if we live through November with no POMO I might consider 'investing' again. I'm going with black numbers this time. The reds failed me and that damn wheel spins so fast I can't tell where the ball will come to rest.
Yellen*: "I am confident that our plundering of the American people and country will be able to continue for some time longer."
An American, not US subject.
"Guillotine the Fed!"
Bonds say otherwise.
Start selling anything you can't hold in your hand. Ebola may not kill more than a couple dozen in the US or lead to martial law...
but it is gonna fuck up holdiday travel and shopping pretty good, and that is gonna cut the nuts off this entirely Potemkin "recovery."
Bank on it.
I'd also count on oil going up despite the best intentions of the US/Saudi/UK axis of evil....
On Bloomberg TV this morning before 7am some guy from Citi was explaining how everything was fine and that emerging Asia markets were booming. Places like Laos are going gangbusters apparently. Of course they are cheering based on a percentage basis because the entire GDP of Laos is 11 billion with a B. So even if they quadruple their GDP it is still less than 50 billion.
I guess we're going to make it up on volume.
How cutesie!!! Yellen's TA guys said try something right here in 1824-33 ya old bag. Throw something up against the wall.
PPT try and park this piece of shit above 1840 inside the crash channel and live to try again tomorrow. 1833 hit and broken maybe i'm not such a big dipshit for covering. they can rip this thing 20 ES points in very short order. they know they need it out of that channel to gain more momo monkeys.
Right up to within the size of CNBC's ratings of that 1870 and back inside the channel. Quite a few ES ticks heading in your favor on the zones/points I've identified just in the last week or so here.
She left out the part about her sudden confidence in the odds of widespread US ebola outbreak.
Ol Yeller is "confident". well if that don't beat all. I'm gonna go out on a limb and say it's time to start shorting the rips.
Love the K-Hen selling Vol to boost this dogshit-show
It's after 3pm.... where are the hedge fund margin calls???
Dow has now bounced 240 S&P 36, Gold and silver losing all their gains
It's the New Normal
Michael Mann GET OUT OF THE CHARTS!
You didn't think they would let this shit go down without a fight, did you?
If S&P 1815 had been breached, the next stop wouldn't have been until the mid-1700s THAT was not going to happen. Not today, not anytime soon.
"If S&P 1815 had been breached, the next stop wouldn't have been until the mid-1700s THAT was not going to happen. Not today, not anytime soon."
Nope. Moved money out of bonds and nibbled on some small caps and energy today. Somebody puked up their positions today.
look at that fucking ramp. this thing will finish green. from a 460+ point drop to a freaking green close.
NASDAQ green. If you're surprised, then you haven't been paying attention since March 2009.
.
just...gotta....make it......
two ....more weeks.........
500 pt up tomorrow,all is well nuthin to see here just great economics!
I know how to get Yellen...take away her haz-mat suit! No soup for you, Janet!
yellen, take off your double cotton crotch granny panties and queef out some moar QE so we can buy moar stawks.
and i'll put you on a plate and sop you up like a biscuit. lick dat plate clean