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Chart Of The Day: Bullard Bulls#*t
Welcome to the Dow-Data-DependentTM Fed. Because What a difference 1,100 Dow points makes!
“When there is a mismatch between what the central bank is thinking and the market is thinking, that sometimes doesn’t end well, because there can be a surprise later on,” Mr. Bullard told reporters.
Right now, “the markets are making a mistake” and expect the Fed to maintain its ultra-easy policy stance longer than Fed officials themselves currently expect, Mr. Bullard said. When it comes to these expectations, “I would prefer that those be better aligned than they are.”
We should act on good news. We’ve got a pretty good performing economy. We should be willing to remove some accommodation,” and it would be better to get this process started and not wait too long, he said.
Mr. Bullard said Thursday that “U.S. macroeconomic fundamentals remain strong” and his forecast for 3% annualized growth in the second half of 2014?remains intact.”
“Inflation expectations are dropping in the U.S., and that is something that a central bank cannot abide,”
“We could just end the program in December. But if the market’s right and this is portending something more serious for the U.S. economy, then the committee would have an option of ramping up QE at that point.”
* * *
And this is who Americans 'entrust' the planning of an entire economy to?
So is it a Dow-Data-Dependent-Fed?
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He is not even a voting member anymore. Just a blow-hard.
FED breaking apart when non voting members are given more credence that the chairdike and the power behind the curtain (fischer).
Either that or they start with the non voting pleebs and move upward from there. If so they are not even worried now.
Will jawboning be enough to keep ebola from swamping the boat?
All I can think of is this blowhard could have the "Heimers" and every day is a new day for him.
We are so fucked...
Print till you die... Like a heroin addict...
Every time Bullard speaks my mind drifts to an old guy in a dirty tee shirt standing on his lawn pouring gas on his grass. He's doing this because somebody told him it would make his grass grow. And little sparks keep drifting down to the grass from the cigar between his teeth.
We are now technically in "clown market" territory based on whispers with +/- 400 points swings... Yep, we're doomed...
I just realized that today is OpEx. I care so little about this fucking sham of a market that I completely forgot. There was a time I lived for OpEx week. Now the 3rd Friday is just another Friday. Congratulations fucktards.
Where's Bullard? He may be needed stat:
http://www.usatoday.com/story/news/nation/2014/10/17/ebola-pentagon/1743...
Ebola scare closes Pentagon parking lot
Tom Vanden Brook, USA TODAY
2 minutes ago – Authorities cordoned off a portion of a Pentagon parking lot Friday morning after a woman who recently traveled Africa began vomiting there, sparking concerns about a potential Ebola problem, officials said.
The incident began at about 9:10 a.m. Pentagon police and the Arlington County Fire Department converged on the area and restricted access to it. The woman indicated that she had been to Africa where the Ebola virus that has killed thousands in the west.
The woman was taken to a hospital in nearby Fairfax County, and a large portion of the parking lot was closed to vehicles and people on foot. An entrance on the south side the massive Pentagon building was closed as well.
Can she be taken for a tour of the WH and CONgress before hospital? Where's Clipboard man?
Bull(t)ard?
Yellen: US inequality near highest levels in 100 years
Yellen said "some degree of inequality" is natural and indeed "arguably contributes to economic growth, because it creates incentives to work hard, get an education, save, invest, and undertake risk."
http://news.yahoo.com/inequality-near-highest-levels-100-years-yellen-00...
Bitch!
Get her to the WH as soon as possible. She also needs a tour of both houses.
had just pulled that article up and now USSA Today has disappeared it.
Poof - webpage gone, too.
"OH, SNAP!
The Page you requested cannot be displayed.
This page may have moved or no longer exists. You can search for the page you were looking for or go back to USATODAY home"
HERE IT IS AT WASH POST:
http://www.washingtonpost.com/news/checkpoint/wp/2014/10/17/ebola-scare-...
https://www.youtube.com/watch?v=GSaJeeDvZS8
https://www.youtube.com/watch?v=GSaJeeDvZS8
https://www.youtube.com/watch?v=GSaJeeDvZS8
https://www.youtube.com/watch?v=GSaJeeDvZS8
https://www.youtube.com/watch?v=GSaJeeDvZS8
https://www.youtube.com/watch?v=GSaJeeDvZS8
https://www.youtube.com/watch?v=GSaJeeDvZS8
https://www.youtube.com/watch?v=GSaJeeDvZS8
https://www.youtube.com/watch?v=GSaJeeDvZS8
https://www.youtube.com/watch?v=GSaJeeDvZS8
They will push the charade until ppl are jumping from office buildings.
One wonders if there is a working vaccine and if ISIS is the primary recipient. One would not be surprised in the least.
As the markets are showing today, it's all a matter of being able to shovel shit fast enough to keep the market fertilized.
The Dow doesn't mean anything, fundamentals are gone, bankers ass rape the world and politicians facilitate.
The only winning move is not to play.
I could work feverishly to pull up all manner of data to support a thesis that the markets are completely, hopelessly broken/rigged/mortally wounded.
But why?
This one example of jawboning by a non-FOMC Fed Member - and the incredibly, immediate out-sized effect it had on risk "markets" tells one all that one needs to know, no?
KISS Analysis
I wouldn't touch these markets with Sam Israel's micropenis. And he faked his own death to escape angry "clients'" wrath by staging a suicide by pretending jump off a NYC bridge.
ABCNews needs to report that the avg 401k was up 2,000 dollars today.
Or whatever horseshit they peddle...thank god that fucking bitch Diane is gone.
Hard to believe anyone except the TBTF are even interested in this game any longer. There simply is no way to invest based on fundamentals, because fundamentals don't matter at all (and haven't for ages). Low volume? They ain't seen nothing yet, not unless they dial up machines dial up the share flipping to '11'.
In the meantime, for anyone with 2+ functioning brain cells, that chart is a fucking bitch slap telling you that Wall Street no longer gives one flying fuck what you or anyone thinks. This is raw, law-of-the-jungle shit and unless you're sucking on the ZIRP teat you have no business playing.
The smart play, when lions are at the watering hole, is to back away. Same as it ever was.
I'd fucking bankroll a street crew to play three card monte before I'd play this market, there's less chance I'd get ripped off.
they just have to keep it together for the midterms. then, who knows? I find it hard to believe all this wealth destruction and bank backstopping was not done without purpose and forethought.
so, to what end? they don't seem at all concerned about impoverishing the american citizen because these guys are globalists, and once we're squeezed dry they plan to fold up the tents and take their larceny elsewhere.
Alot of people on the Street think Grandma Yellen is really out of it ("she knows nothing!"). If she becomes the "fall girl" for Bernanke's foibles, then nobody will want Hillary in the White House. Yellen is just too senile, too academic, and not sharp at all. Plus she starts every sentence with a "So..." I detest her.
I've noticed that many Ivy League school types who frequently are interviewed for PBS/MSM shows, who possess doctorate degrees in a variety of fields, begin answering questions with a reflexive "so...".
This includes, but is in no way limited to, Yellen & Krugman.
I must be an outlier. 2 degrees from Texas schools and I do that as well.
Usually its because the answer Im formulating has a lots of in and out's and what have you's
I also tend yo append my thoughts as new shit comes to light
I have a MS (respected private university) and PhD (from Big Ten school) and don't hem & haw.
I bet you have don't have any erasers on your pencils either
The Dude abides
I find starting with "Well, " seems quite acceptable, conveys as much or more the "So". Texas School grad here too.
Also "thats a good question", even though the questions are suggested in the outline submitted to interviewers before air time.
Starting sentances with "so" is almost as anoying to me as this frigging new trend to end sentances with "right?!". That one bugs the snot out of me because it's usually said reflexively by people who lack confidence in what they're trying to say and end their sentance with "right?!" to yeild an agreeable response that confirms their illconceived and/or flawed comment.
E.g. "Soooo, the Fed has not destroyed the market, right?!"
I sait it when she was confirmed, and I stand by it...
The picked a half-black man to be Pres when the shit hit the fan, and a half-woman to be in charge of the Fed when it happened.
"He is not even a voting member anymore. Just a blow-tard."
Fixed it for ya
the whipsaw. all they want is trading volume.
PAY NO ATTENTION TO THE MAN BEHIND THE CURTAIN!
Did those graphs come off of a seismograph??
My next life, maybe I'll be a perma bull instead of a bear....perhaps a happier existence....albeit a fantasy.
Buy gold....
MMMmmmmm....Blue Pills.
They don't call it pops and drops for nothing.
The only way to win is not to play. I gave it all up in 2012 and my life is much simpler since it's all a soap opera now.
You missed 20% + gains depending on index in 2013. ZH is the only site I visit where investors gloat over missed opportunities.
I didn't miss anything...It's like saying I missed a great venerial disease because I didn't go to the whorehouse...
It's worth noting what it took to turn that drop around: jawboning from the fed, ECB, and BOJ, and stimulus from china. All CBs representing the biggest economies of the world talking stimulus the same day. It's obvious that the CBs are the market's bitches. They have no credibility at all and their lies become more apparent every day.
Edit: Now add Lagarde. They are scared and going all out.
Sorry if you're a short seller.
"Low volume ramp ups" are the worst.
shorted R2K this morning. Liking the trade so far
Good for you...I guess.
The whole thing looks like even more bullshit today than yesterday.
+1 even though that graph gives Bullshit a bad name.
"Fade the ignition."
Hang em high
He knows some really good magic words - he should be the Ebola Czar, I bet even Liberia and Sierra Leone would be Ebola free if he turned his powerful spells loose on it.
FED Black Magic.
Its so strong, it can beat Ebola
Think what he could do with a clipboard. It's the new Captain America shield!
I cannot abide inflation tax and all the other stealth taxes that are imposed on us
American's don't trust the FED they just can't get anyone to go in and arrest them for treason. The United States of America is a nation-state of the NWO. Washington is run out of Brussels but you can still get cauliflower down at the Trader Joe's.
The good cop bad cop routine on the fed is all bullshit. They all fall in line when the chips are down.
Must. Save. Pension. Funds.
One scoop of bullshit at a time is all it takes.
disagree. they want stock prices as high as possible as long as the pension funds are net buyers. when the pension funds go to net sellers it will be a different story.
If by "they" you mean "politicians" and "the election" then yes...I would agree with that.
next week = more Silver...
let them keep talkin...i cant hear them.
Why wait? I bought some ASE today...
dont trip...it shall be done...
just got a hunch gonna b a little bit better bargain next week...
been dollar cost averaging goin on 7 years...
aint a damn thing changed.
if you're right i'll be a buyer again next week...
APMEX had 6 bars of +/- 1,000 oz at beginning of week. They're all gone as of yesterday.
I'm ordering a bit of platinum, a good little industrial metal
KnuckleDragger, if u dont mind me asking, do you order the platinum online? If so, who do you use?
Au-Pt has completely reversed. Pt trading as an industrial commodity. The spread has come down from $250 earlier this year and looked to be headed for an inverstion until today's rally on Pt. Might want to rethink your thesis.
Online is pretty easy and most places sell platinum... http://www.coloradogold.com/platinum_bullion_coins_and_bars~4.html
Ok, thx. Been ordering silver from Provident, but their inventory sucks now. I'll check this seller out. Was looking to diversify my metal holdings.
First Majestic withholding sales and cutting back production until price increases. Finally a producer doing something smart. If a few more of them would do this, we'd finally get to see if 'inventory' is sufficient to meet industrial and investor demand.
Only works if you don't have a banker holding a gun to your head demanding payment on a note. In that case, it's all about cash flow and not about the balance sheet.
Debt finance, debt finance. Use the low interest rates, work the system.
"Bullard, you're going to get out there and talk about QE4EVA, or we're leave you out there with the 99%, with no bodyguards."
chart of the year nominee, fer sure.
Tyler, ??
Any news update on Joe Biden JR, (Hunter Biden) failed drug test, discharge out of Navy,
"Cocaine" use/failed test,
Investment 'managing' partner!? ( are you kidding me? )
Lawyer!
Why the silence on ZH?
Wasn't there a movie about this?, "wall street" , missing the hookers...
Oh forgot, Obama/Biden all pictured together many times, don't discuss. Shhhhhhh
JOE BIDEN JR (HUNTER BIDEN) FAILS DRUG TEST, COCAINE USE!
..........erase, cover, move on, nothing here.................
Disappointed Tyler,where's your spin on this? Managing Investment Firm Parter, Lawyer, son of vp, Obama, all the makings of a movie?
Seriously, you want an article? This is fucking Kardashians for people who read Politico. It matters not one iota. Get a fucking life.
Cocaine must help Hunter achieve Transparency on Ukraine gas company Boasrd of Directors. Should also test Daddy---it may be a WH thing as it already is a Wall St fashion.
I posted on another thread yesterday that the Bullard statement was the SOLE AND ONLY reason that the stock market made this incredible turnaround.
Just goes to show - as many have said - that our financial industry driven "economy" is 100% dependent on continuing QE and ZIRP. No question now whatsoever.
FED members should be banned from making public statements.
Why don't they just park the Fed chair permanently on the NYSE trading floor?
God, what a bunch of pussies. Can't trade stawks without constant reassurance that daddy will protect them.
That's a thought.
Live from the New York market site...THE FED!
full bulltard!
Gee and I believed Good Morning America whe they announced that the DOW dropped 460 points do to Ebola.
Silly me!
(Yawn.) We're now on 1,895 S&P low-vol. autopilot 'til the end of the session...
that 1st chart says it all. all the evidence you need to know that this market simply CANNOT handle QE being taken away.
it destroyed the romans and i fear we are not learning from history. continue to enjoy the party while its in its 11th-12th hour, cuz like druck's been sayin, this hangovers' gonna be a bitch.
Listen Aliki.
I feel sorry for you Americans. The Indians have been slowly accumulating "HARD" assets that have been recognized as real money for thousands of years.
Americans have been toiling away trading their caloric energy for paper, of which, 1/2 of that paper was taken by your taxing authorities and then given to the nice "FOLKS" in Israel by your "ELECTED" CON-gressman.
The Israelis then quickly convert those paper donations into "HARD" assets like gold.
The poor sheeple.
Dont worry, Bangalore. The US of A has got the killer 'B's for dealing with Indians, inlcuding (1) beads; (2) booze; and (3) blankets (including small-pox). We'll be happy to help ourselves to your 'HARD' assets. We're 'Westerners.' For more on what that means, ask Cortez.
Listen.
You'll be begging India for jobs soon enough. Tables turned, and all you "WEST"ners are going to get is "TABLE" scraps.
Buy-buy Ms. American Pie.
It is impossible to take seriously anyone who begins every comment with the same (condescending) word.
Maybe it was the first english word he learned as he obviously had a problem in applying it
Small caps fading. We'll see what news breaks over the weekend.
It will not be "Ebola contained."
No worries. This is the Sucker's Bounce. The next time the 200 mDA is breached then it is "Lights Out".
85% of the time it is the exact same trace that leads the collapse.
U.S. Soldiers Get Just Four Hours of Ebola Training - The Daily Beast
in other news
Biden’s Son Hunter Discharged From Navy Reserve After Failing Cocaine Test - WSJ - WSJ
If it was Bushs son as the least promoted Ensign in history out on a positive drug test can you imagine the media frenzy over it? Media silent on this, except for some Internet sites....100% fake clownshow.
Lesson learned, BTFD!
He got the phone call to change his position publicly
So he got short after fed minutes last Wednesday at close and long this Wednesday. Nothing like a 10% return in a week.
Ebola is going to devistate global trade. And now it is here thanks to Obama. So the whole air travel ban thing is likely to be forced on us instead of the other way around. Obungle waited too long. Just like he did with ISIS. We no longer have the ball.
Most likely will close up 400 points today. Got to get back to 17,000 soon, an election is coming up!
Absolute fairy tale bullshit, but it works!
bullard , (“BULL-hard”) defn:
noun: a small, shy bird of the snipe family, nondescript in its mousy markings, with a habit of stirring up worms and other refuse with his bill but, strangely, leaving it for other species to eat or clean up.
verb: to shoot at someone, or something, from a hidden place. e.g.: “Look, Sarah, he sat behind the bushes for hours, then bullarded that poor deer-in-headlights .”
1898.71 IN SPX IS TOP OF PREVIOUS FOURTH WAVE.....NEXT STOP.....BELOW 1820........MAYBE EVEN 1770.
THEN BACK UP !!!
THEN......REAL HARD FALL.....
ELLIOTT AND NOT TS EITHER
Anyone else notice that there is no longer a comment section on MarketWatch?
Edit...
Guess the authors did not like us calling BULLSHIT on their articles....
Market Watch kneeled before the governments zipper and swallowed about 3-4 years ago. I used to comment there all the time. There were many great discussions and it was fun.
Once the US has enough Ebola cases other countries will ban travel to and from the US.
Nice job Barry.
Bullard is full of shit, like all of them at the FED, but...
WHO is trading/buying based on the advice of Bullard and the Fed??
Bullard and the Fed aren't the only morons out there
"There is no cause to worry. The high tide of prosperity will continue."
... Sec. of Treasury, Andrew Mellon,
September 1929.
"Stock prices have reached what looks like a permanently high plateau".
... Yale Economist Irving Fisher,
October 16th 1929.
"This crash is not going to have much effect on business."
... Chairman Arthur Reynolds
Continental Illinois Bank of Chicago
October 24th 1929.
"I have no fear of another comparable decline."
... Arthur W. Loasby
President Equitable Trust Co.
October 25th 1929.
move over GS, the Fed is the new market maker
Fed = GS
oops, you're right
silly me
CRIMINAL MANIPULATOR
c'mon! this is a surprise? the model cannot take anything more than a 10% correction without threatening the entire system with a cascading collapse. do you really think they can let the market determine prices?
Big rallies are common to tops, that's how you distribute your stock. I typed that before with the following quote in mind about the Great Crash:
John Kenneth Galbraith, author of 1929 - The Great Crash, described the pattern of the 1929-1932 bear market as follows:
The smart people went broke in 1929 and the really smart people went broke in 1932
Dead cat bounce. Oh they will try and sell you on the "dip" and it being over, but make no mistake, this is the end and the institutions are about to dump a shit load of stock for sale on any poor bastard willing to buy...just as they have every time before. Heres my analysis on the situation. http://alchemyfinancials.blogspot.com/2014/10/casual-friday.html
#Ebola
The Dallas Animal Services and Adoption Center, the temporary care-givers of Ebola patient Nina Pham's pet dog Bentley, released images showing staff members playing with the dog, whilst in full protective gear.
Latest:
http://tersee.com/#!q=ebola+dog&t=text
In the middle of the 19th century, the laws of thermodynamics provided the formal foundation for the understanding that it is impossible to create energy out of nothing. Analogous to this, central banks and governments are currently trying to create an increase in prosperity out of nothing.
I thought Fridays were a low PPT day?
Please notice everyone, midcaps and smallcaps are NEGATIVE.
Financial System has become just ELECTRONIC SIGNALS.
World is abandoning it.
World is abandoning USA.
Either oil at below $50 or assassinations coming.
Always appreciate your POV. Can you draw me a better pic of the 1's & 0's banking molecules to oil?
ZH has had articles on DTCC & Cede & co, but this is the 2nd audio I've listened to from this guy that draws a much better pic (for a simpleton like me) as to all the intricacies of this cabals thieving web.
If you listen to this, how do you think the "beneficial ownership" rights will affect everyone except those connected with the cabal?
thx
I'll listen to it over the weekend
I have been saying this for some time now. Companies like Vanguard that tout indexing as a way of investing and the entire buy and pray "strategy" are ONLY possible in a communist centrally planned style government run economy, period.
Fixed-Income grannies and gummers are able to sleep this weekend. Isn't that enough, you heartless fuckers?
[/Hicks* from Aliens]
*I actually mean Hicks, you assholes. Michael Biehn. As in Michael "Never-gets-enough-credit-for-our-pop-culture" Goddamn Biehn.
I doubt that it is his words that moved things down or up, but actual interventions by the PPT.
Too much price discovery going on there.
Where did Joe Biden JR (Hunter) buy the COCAINE? GIFTED?
HHMMMM, shouldn't that always be 'disclosed', to be given any kind of 'probation' sentence or just ignore....
I want name of supplier or JAIL time! (Judge of case)
Who is prosecuting this?
ZH's any opinion? Now back to markets, oh wait, their a joke too, Net new highs NEGATIVE! "Hopium" drug of choice, sounds familiar
I miss the days where market movements were initiated by earnings or other tangible fundamental issues, and I am continuously mindblown that our government here in America has blindly given an entity (The Fed) the power to manipulate and deceive well-meaning, hard-working people, whose fortunes will be lost one day (again!), and all because they didn't have the cahonies to sit down and iron-out something, fiscally, that actually might work long-term.
Is he just an idiot to think that no one 'sees' this, or is he just thinking about how he will spend his millions once he joins a big Wall Street bank?
This shit has been going on for years, coordinated and timed to "The Market".... It has been blatent and obvious, "this time is different" only if the low from the other day gets smashed. They are going to have to pull more than a bullard out of there ass next time.
Just proves what we all knew, that the stock market is the data point. If they actually cared about the economy, they would be celebrating the lower energy prices and mortgage rates which help a 70% consumer economy driven by credit.
It's amazing that this nuance in not picked up and broadcast everywhere. This guy is basically saying that all the matters are stock prices of the wealthy and the regular guy can go scratch, they don't want to see him paying lower prices for energy or credit.
Now I'm no botanist, but I do know that if you put Q.E. on the markets, they grow.
I'm waiting for a day when a FED member speaks and dow drops 1000 points. If it's Yellen it will be 3000 points. They should be scared to speak and that day of reckoning is not too far.
Because I've seen few comments about the timing of Bullard's comments, I want to re-iterate the facts of how that was "played". Although he was officially on the schedule to speak in the afternoon, his morning appearance on Bloomberg, which gave him the opportunity to air those levitating comments, took most by surprise. Those comments came just as the market was poised to breakdown intraday. How blatantly "convenient".
electronic money is awsome
INEQUALITY, just slides off the tounge doesn't, 2 more yrs. of INEQUALITY, 90% of americans, (and illegals), will be grouped into the central class, with 3 sub-sections.
central class
#1 SLAVES, those who allowed themselves to be bought, for free shit, this sub-section will be obligated to do the jobs no one else wants to do, ebola clean-up comes to mind, a refusal to do your obligated govt. work, benifits stop, and you go to the head of the list in sub-section #3.
#2 people working, paying taxes, but in lifetime DEBT BONDAGE to the fed..
#3 FODDER, these will be temporary placements on fema's livestock farms. those over 75 yrs. old, the ones that qualify for obama-care death panels, nsa labels you as a terrorist, a threat to society, or your transfered from #1.
9% will be fed. govt. employees at the irs, nsa, dhs, and dept. of labor.
the 1% will be in idaho, at the new nsa compound, and googles, and all the other govt. internet co's compounds playing real life armed drones on their computer screens.
Expect new lows in the Dow and the S&P next week - downward pressure continues
The S&P 500 is still tracking in lockstep with the Dow Jones Industrials. Like the Dow, the S&P will continue its downward trek in the coming week. The corrective rally Thursday and Friday should have relieved the oversold pressure from earlier in the week allowing the index to trace out new lows over the coming week or so.
Dow:
http://www.globaldeflationnews.com/dow-jones-industrial-averageelliott-wave-update-for-week-ending-10172014/
S&P 500:
http://www.globaldeflationnews.com/sp-500-indexelliott-wave-update-for-week-ending-10172014/