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Dow Surges 400 Points After Fed's Bullard Prevents Plunge With QE4 Bluff
It never gets old... if this sell-off was triggered by a realization that the consumer is truly depressed (retail sales) and the Fed is almost done, then the face-ripping rally (notably on weak volume) of the last 24+ hours is the ugly truth that the 'market' is always and everyday a function of central-bank bullshit. Since Bullard's "QE4" comment (strengthened by random headlines on Yellen's "economic confidence" and ECB Coeure's "QE any minute" comment), the Dow is up 400 points, S&P up 70, and Trannies up 3.5%. Small Caps are now up 3.5% on the week and 30Y Treasury yields only -2.5bps on the week.
Since Bullard's Bluff...
Bear in mind this is almost a 50% retrace of the drop (dead cat?)
and on the week Small Caps are squeezing higher...
Double-whammy...
* * *
Of course what everyone forgets in this exuberant bounce is that the higher the Dow/S&P rise, the lower the probability of QE4... game-theory that!!
Simply put - meet the Data-Dependent-Dow (tm)
Charts: Bloomberg
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Worked for Draghi for 3 years.
“If you can't dazzle them with brilliance, baffle them with bullshit.” W.C. Fields.
B T F D no wait...time to S T F R.
Listen.
We got a rally, how about a monkey?!
A funky munky!
https://www.youtube.com/watch?v=e96lk8B_NpU
"Ask and you shall receive" - Benet Beyellen
Listen.
"I like it,
I like it,
I like the funky munky".
Those who fail to remeber the past are condemned to repeat it
People without a memory thinks this is the rally
https://www.youtube.com/watch?v=EmfE4KAZicY
We'll see how things go on Monday if there are a few more ebola cases confirmed over the weekend. If 10 or 20 people on one of those flights start to get sick, watch out below!
THe FED can print more than Ebola can kill
Ebola is just the narrative du jour. Appointment of a lawyer to Ebola Czar should clarify just who is in charge and why Americans are gettting the 24/7 Ebola mental treatment.
Its getting to be alot to bear lately. Anal raping with no lube for years, and now ebola. Throw in some Fukishima an earthquake and hurricane or 2, and stupid people in general and it makes for a good combo to have a strong drink every night after work.
Time to drop a TN (Tactical N) in Ebolistan or ISIStan? That should do more than break a few windows. /sarc
p.s. Best line, and... Words to live by. A person could go broke on Perma-Doom and Doom-Porn (or miss a fortune in profits) before "Doomsday" finally arrives.
IOW... YOUR Doomsday will probably arrive before Wall Street's. No wonder Fonz (a CFP) got out: He and his clients were going broke betting against Wall St. Alas, the reality is, that his clients pay more of his income (and his bills) than ZH does. Hedge* and plan accordingly.
* As I've said time and again... Don't be a One Trick (Investment) Pony. Diversify, Diversify, fucking DIVERSIFY! Remember it's ALL about TAKING RISK and MITIGATING RISK. And who presents more Risk: Your Magical Investment X, or The Market?
pps. If you lose along with everyone else, you're in Good Company, and get sympathy. If you lose by yourself, you're just a Lonely Loser, and get NO sympathy.
Suicide markets.
Saw this precise same shit in '99 and 2007-2008
When Bulltard's mere, empty words can produce swings like this, make sure you at least have a clipboard when nearing this "market."
Are you not comforted, TIS?
I'm most definitely entertained.
Yeah, this has got entertainment value. We have a classic bullfight but the bull always dies in the end.
What's an "Investor's Clipboard"? A Goldman Sachs ID Badge? "Hi, I'm with GS..."
"When GS speaks, sheeple listen" -Kirk
I love the smell of raped bear in the morning.
- Mr. Yellen.
The PPT fluffers are a huffin' and a puffin'!
Personally, I find it so much more comforting when they manage to create the cover of a Bullard and/or Yellen "market-moving quote" rather than watching it occur on "no news at all."
It's kind of like when the sound drops out while watching the TeeVee, or worse, when they are out of sync.
Fucking unnerving, I tell ya.
imagine, this much just on new QE speculation...but what if there is none forthcoming?
who am I kidding? it's QE4ever! yes, the dow can go to 100,000 at this rate, but expect a loaf of bread to be north of $100.
I'm not saying you won't be right some day, but people have been screaming about hyperinflation will happen for 5 years now.
With velocity at 0 you can't have hyperinflation
With a stupified people who will be content eating cardboard and glue as long as DWTS never stops, there is no risk they would ever question the status quo and lose faith in the money changers.
People are trusting their lives to the money changers. I'm not a biblical scholar but something about that just makes me feel uncomfortable. The Romans put ample warnings on the practices of the money changers in the letters and stories collected in what is known as "bible".
Past performance is not a guarantee of future performance. The only constant in a dynamic environment is change. And the rate of that change is also dynamic.
All that it takes for that velocity to increase is a lack of confidence...
And it seems that there is a lot of that going around right now....not just in the Financial Markets but across and throughout the entire spectrum of social interactions.
Prepared for Societal Breakdown and collapse?
Or do you believe that your Government has it all under their control? (LMAO at that suggestion...)
As for me I am looking forward to that spike in M2 as I want to watch it meltdown and burn. Then the ashes can be swept into the dustbin of History.
Ashes to ashes...Dust to dust. This is the requiem of this dying Nation..this dying corruption, this dying World..
It is a matter of timing. Fiat always dies in hyperinflation which is another way of saying it becomes worthless. For the last 100 years, the federal reserve note has been carefully managed to slowly steal purchasing power through money printing and inflation. The careful management is no longer working. How long this phase goes for could be anyone's guess.
You could have predicted the end of the dollar when the Fed Reserve was created or in 1971 and you would be right. However, when it will end is the real question. The sooner, the better.
The central bankers have ways of keeping the global demand for dollars high despite devaluation. It's a worldwide scheme.
As long as some other country is having a currency crisis, and demanding dollars, the ship can be kept afloat. The inflation gets exported, at least enough of it to prevent the crisis at home.
Only in items that have the money velocity - airfares, electricity, food - do we see all-time record highs, or put another way all-time record dollar weakness vs. those items. Everywhere else, deflation reigns.
Yeap. A series of controlled demolitions in Europe and Asia. Even in domestic stock markets. But what happens when there are no more victims to rape?
At least gold and silver are also up on this news of more QE. Oh wait, they're not.
The market's not rigged at all.
After reading ZH for years...and trying to wake up some firends and family...this commercial depicts the situation we are all in. First off this car ad is hilarious...Now just picture the wife asking these questions "How did World Trade Center 7 Come down?" or "Who owns the Fed and how is our debt monetized?" Or how about "Do you think Ebola is a False Flag or a Distraction?" I am not as witty as some of you guys here...but this car ad leaves a lot of room for suggestion...becasue the sheep will do the same thing as the husband does at the end.
https://www.youtube.com/watch?v=d7A1dbsvdtw
I am pretty happy wth this rally. Hedgeless Horseman has been bringing me sandwiches all day.
Hey look, I'm the Federal Reserve...I can make up numbers
Weeeeeeeeeeeeeeee!
Yup, everything is goal seeked now. Hey guys, we better make the market go down 10% to give the appearance of a correction!! Great idea Janet! They have the support of infinite dollars both printed and digital at their disposal. They can pencil whip any stawk, bond, or commodity they wish to.
Free Market Capitalism! You all must be so proud.....
more like free capital to gamble in the "markets"
I didn't get any.
What? Where?
Banker directed Marxist Cronyism.
YOU must be proud.
Well, it seems that the glitch in the matrix was fixed.
More clownbux to the rescue.
pods
no mention of nas-dark or bat(shit) halts on the way up? shocked i am.
LOL
Morpheus got his ass kicked and Neo is nowhere to be found.
Fresh shipment of good pure QE for the junkies. Hit those buy buttons you BOTS
The fact that the size of the gains/losses are increasing in magnitude portends a very scary outcome in the immediate future.
Yep, Halloween's right around the corner.
But, word on the street is that Janet won't need a mask for office party.
looks like they are goin to get it back to 1905 the key point, wouldn't have beleived it possible.
This is a gift if you want to short. R2K already lagging broader indeces again.
Carnage imminent next week.
+1 for balls "next week". Now they'll get cut off.
Yep, Janet's got a trophy room full of em.
Guess she'll hang this new pair from her rear view mirror.
probably op-ex manipulation; will be reversed within hours
See, no need to DO anything anymore, as long as you know the right magic words to SAY. Now we just need somebody to find the magic words to SAY that will get rid of Ebola.
Tom Frieden, what's your fucking problem? Why aren't you as good in the medical spells department as your buddies in the Fed are at the financial spells? Oh well, maybe the new 'Ebola Czar' knows the magic words...
it is not about finding the magic word ... it is about the guy beyond the curtain saying "this is the magic word" ... everyone goes on with the chorus and saying what a finding ...
tomorrow, the guy beyond the curtain says the magic word is precious metals ... everyone will follow ... the thing is that he hold all the aces ... and he picks the magic word which has less possibility of being picked therefore the winners are limited to the small group of one ... the guy beyond the curtain
yes, he will send out dullard to say a few words, but also, whisper to hizelthatn and the rest of the "journalist" crowd (here included btw) to spread the magic word ...
it is all about the guy beyond the curtain ... no conspirancy just magic
Bluff? I don't think its a bluff. I think they tried to stop QE (b/c they're as good as bankrupt themselves), and it didn't work. So, now they have to try to talk the market up. And, when that doesn't work, it will be Quintuple Down Time - QE4 (eva).
+1 it isn't a bluff. the PPT never bluffs.
there's not alot more to monetize
QE4 would have to be debt cuts or showering citizens with money from helicopters
Well of course. I do not think anyone actually believed this selloff would continue. A criminal will not stop doing crime until either jailed or dead. In summary, this could go on for a very long time until something breaks their criminal enterprise. Besides posters like ourselves knowing the ponzi, what are we actually doing about it to stop it besides talking? And that comment is towards myself also.
I ride a bicycle, raise ducks and fruit trees. I buy all my clothes second hand. I never fly, or go to the mall. My wife teaches at a Catholic school.
Fuck 'em.
Well Rex we would get along. I do a lot of those things myself. Only way to kill the beast is starve the beast. Its one way of not complying. The problem is people like us are few. Most have to buy the new shiny china gadget that infringes on their freedoms.
And there's the rub.
If what one wants is an American "middle-class lifestyle," one is probably best served by supporting the status quo. It's no guarantee; I think the number of people living this lifestyle will continue to decrease over time.
+1
I was forced to give it up and my thoughts have been, well, it just prepared me for the inevitable future.
'Nobody believed the sellof would continue'?...
Nobody cept ZHERS. Were you here yesterday?
Im pretty sure everyone (cept me..and a few others) was callin 'the end'.
Ill say it again..it wont crash so to speak..theyre gonna step it down slowly.
They have control of the computers and the made up numbers that go with it.
Now, that said..the numbers charts n graphs dont mean shit anyway.
We (in real life) are still on the downhill slide that started years ago..and really got slippery in 08.
Numbers on a screen dont mean shit..cept maybe for a good article on ZH.
I am here almost everyday. You always have a few that want it to end and will say it is game over. If you notice the posters stating this, it is the same ones every time. Now I disagree with a slow controlled end game. I mentioned to other posters yesterday it will happen overnight meaning not in the US session. Either way it may never happen in our lifetime. This game has went on far longer than i ever expected it too.
Yeap. If it is going to happen, it will happen when only a select few can profit. That has been the source of my skepticism with this latest downer.
somebody on here took a poll a couple days ago asking if the market would go up or down on Thursday and Friday. There were plenty of folks who thought it would rally up. We've seen this show a million times now.
Fool me 5 times, shame on you. Fool me 6 times, shame on me. Or something like that.
Yep, Its the same cop show on every major network.How many articles have we read on zerohedge about short squeezes? When I wake up one morning and bank accounts have been wiped out,EBT cards do not work, Markets offline, mass rioting - then I will say game over.
The fed is the new soggy bottom boys. Come on in the waters fine and you will be saved. After all we got this here depression goin on
why does anyone thinks that all of these is because of Dullard?
Does anyone here places any bets based on what Bullard, or for that matter Bernanke or Yellen had to say? I doubt it ... so?
My take is that the people with the key boards the one who move Dow 400 points, send him out ... and voila they tell the journalist to credir Dullard ... and so on ... in fact it was Baltucci all along in the words of mafia don
I think you are forgetting the bots. They "listen".
What Donsluck said. "Everybody here" could sit on their keyboard and fat-butt orders all day, and it wouldn't match what one bot does per minute. TV heads who tell us "Investors did this" or "Investors felt that" lie, plain and simple.
Everything is possible when it is all fake. Ever see a Road Runner cartoon?
EVERYTHINGS FIXED LOAD UP AND GO HOME! SEE YOU NEXT MAY! /s
Have to hold the economy together until "Obola" can take root and the elite can blame the collapse on a virus.
Does this mean we won't get ebola?
you will get ebola but the stock market will be higher
today we're up huge
who buys this trash next monday, next week, or next month?
weeeeeeee, a big up day - neat trick yellen - you fucking old bag nuisance
The game hasn't changed a bit. Get the short's hope up and then squeeze the shit out of them to push this thing higher.
stupid shorts, they let themselves get whipsawed by fed jaw boning.
what we have here is failure to communicate.
If anything, it was the Fed that went short and then squeezed themselves to placate the moron public for another weekend. What would they care, it makes no difference to them in the shadow puppetshow.
It is the same 1-2 combo. Over and over again. And it works.
Yep. It works for me. I'd like to short this "market", but I'm not that dumb. You never know when the fed will rip your face off. I'll continue to make fiat on the long side.
This is the Goldman Sachs prop desk, goin' "head-body, head-body" on the muppets. Helps to get the 'I'll be fluffing QE4EVA today' tip from the former partners-now-Fed-employees.
Thats what they do. Give you these violent selloffs getting retail to jump on board, and squeeze. I use to be a perma bear. Blew an account with that mentality. Education was expensive but allowed me to understand how smart money works and to follow their bread crumbs.
European futures for today
DAX up 320
ftsemib up 750
ibex up 300
Why don't they just institute negative rates, already? LOL. If everything depends on bluffing, they are truly finished.
This was expected - SPX has to be above 1905 by COB
please explain your selection for 1905
http://www.cnbc.com/id/102089068
That's awesome; S&P 1570... dream a little, right?
200 day MA from last week...Nomura's no genius...
Flounder,
Are you the new Ebola czar?
CME increased WTI crude oil initial margin last night, effective today after market close.
This is desperate sucker luring attempt. All normal stuff.
"Got heroin"?
That QE Poppy is heaven on earth!
Outbreak of QEasola in the markets today....
$FST jumped up 33.33% to $1 briefly today from its open at .75.
Rational thinking would suggest, to clear thinkers, run for the exits. QE4 is a clear signal its unfixable, I guess that's not in the algos programming
That's not rational at all.
It's better to own stocks that can raise prices vs currency that's getting hammered. If your argument is to own neither and own gold that's valid, but until people feel this is serious they won't flock to gold. By doing more QE they have essentially admitted they're monetizing debt. You'd think the gold market would wake up.
so the zimbabwe stock market is a buy..got it
Would you rather own zimbabwe stock or zimbabwe currency or bonds?
does it matter
I think so. In a repricing after hyperinflation you own shares of companies that'll be worth something, and that's better than dollars worth zero.
In the US we still have deflation (in everything the basic necessities, which have high inflation) so this is all premature.
rather be right or rich?....
right is long equities long term even though it is a sham and artificial
wrong is long gold, no equities and poor in the long run...both choices suck, but rich and wrong are more fun than poor and dumb....
Pretty much.
I'm showing up 255. Where do you see up 400?
bullard flapped his jowls yesterday
Tyler is talking about the trade from yesterday's bottom when Bullturd made his comment about not withdrawing QE.
Gotcha, thanks.
The FED clearly has the guys they use to be hawkish (so they can later revise history and say they weren't for QE) and the guys who are dovish to keep verbally juicing markets (so they can curb any selfoff without doing anything). It's amazing markets can't see through this. And it's amazing they don't know it's QE forever (or until WW3). And it's amazing they are selling gold when it's all so obvious.
People on the long side are willing to turn a blind eye to the fed's games but, what I find amazing, is that the shorts fall for it and get sucked in every time.
If they didn't, the big guys couldn't get out of their positions. Expect a lot more parabolic moves down and up in the future. That's what happens at a top.
The Boyz don't just depend upon the Fed to make a market, they depend on them to wiggle the bait at the top so they can get out.
If they didn't, the big guys couldn't get out of their positions. Expect a lot more parabolic moves down and up in the future. That's what happens at a top.
The Boyz don't just depend upon the Fed to make a market, they depend on them to wiggle the bait at the top so they can get out.
QE4EVER
QE4EVAR
Fixed.
Vote Democrat for the upcoming election. Mommy Mommy Look What They Can Do.
Arrest Janet Yellen for treason, BTFD and have an ebola on me.
I once had a left leaning big city homosexual tell me that the Democrats were good for the stock market because it always goes up when they are in charge. I was speechless. No analysis about bubbles and who has to pay for them. No idea about economics, or the currency, just mindless chatter.
Regardless of BS statements, the central bankers of the "free world" will soon be forced to do more QE. You can count on that.
Happy days are here again...blah blah blah. Ebola will take care of that. Dow 2000.
verbal QE .... next stop 17500
DONT PRINT.......JUST HINT
"It never gets old..."
Yes it does.
If the DOW JUNK Industrials finish red today = FED riding a run-away train.
Story last night about Nurse Nina Pham's boyfriend being admitted for Ebola symptoms. Story nowhere to be found today?
The 21 day period for the EMT personnel who transported Mr. Duncan to the hospital after his vomiting fit on the sidewalk is just about over. Any word on them? How about the sheriff's deputy/s who were ordered into that apartment? The children who were exposed to Mr. Duncan and go to 3 or 4 different schools in the area? What about the other 70+ personnel who catered to Mr. Duncan's royalty? The rubber is about to meet the road.
There have no doubt been some well crafted NDAs for all of these people. I read about one thing they were made to sign, no doubt that was in there too.
If this is spreading, you will never know until COSTCO is closed off with police tape.
pods
Vote Gambling
Vote Investment
Gambling: to play a game in which you can win or lose money or possessions : to bet money or other valuable things
Investment: Process of exchanging income for an asset that is expected to produce earnings at a later time. An investor refrains from consumption in the present in hopes of a greater return in the future.
stawks or bonds?
Not sure the cunts', er quants' algos fall under either category. It's not gambling if you never lose and it's not investment when you only hold for a microsecond. Maybe I'm just jaded.
ah, the things you can do with paper money and a printing press, history will laugh at how GOV placed paper and rigged markets before people and common sense. sick really.
With Bullard containing 'Bull' (double-meaning, market bull who's full of BS), and Russell containing "Sell", it's at least gratifying to know that the trade of the day since the open in high-beta Russell has been a SHORT, not a long. Just closed mine out, which likely means it will continue to fall :) Thanks again, TZA
Welcome to the show that never ends...
Until it does!
Spin/smoke/mirrors to infinity. That's all the banksters got now. Sliced desperation on sale. Get out while you still can.
Thing is, not only do they spin/smoke&mirrors jawboning but are actively BUYING.... no one else is buying this bullshit....
Banksters, the new political spinsters, replacing the actual politicians since now even the morons know that the gubmint is just a big puppetshow.
Could care less. Got my stash and know we will end up on top. Just going to take the day off from this insanity. So, GOOG, SNDK, and the mother of all NFLX all puke on earnings and we go higher. Yup, nothing has changed. AMZN and APPL up next week. Lets see where we go on th other side of our "FREE" elections. Rigghhtt.
DOW, S&P etc now totally irrelevant to anything in reality, just a propaganda policy mechanism.
Here's the sad truth... The FED prints money and backs it with nothing and then takes their free money and puts it in the stock market or buys up debt. Everytime they do this they get interest on the free money they printed for nothing and the US taxpayers are on the hook for these debts. Now with over 4 Trillion on their balance sheets, the FED is raking in more money then ever courtesy of the American serfs that work two jobs to pay the bill... The FED and all their Zionist HEBS need to go away before it's too late. If the market crashes or the financial system fails it's us that will be stuck with these debts because with the power of the printing press, rest assured the FED will get paid... And all the old hag heading up this money laundering scheme can say is the inequality in America is disturbing?
And Goldman's prop desk PROFITS off the long position, timed exquisitely following its 'sky is falling' (i.e. focus on fundamentals, now that they dont matter) muppet-report. Fuckin' priceless. Sell the rips. . .
well this is what it is all about, worth another read http://www.zerohedge.com/news/2014-10-16/bob-janjuahs-interim-capitulati...
Have they really even tapered? They say they have, but really? This downside blip was probably more to do with the overblown ebola panic spreading through the media like, well, ebola. Also, the perception that the life support is gone can lead to panic, but just because you don't see the morphine being injected into the patient doesn't mean the morphine is still not being injected into the pateint. There is more than one way to get morhine. You just got to know where to look.
Of course the FED never stopped even a dime of QE, if they had the S&P would be around 1,000 points lower than now.
..this just in..."Gartman sees value and is rotating back into equities today in yen terms"..........
Gee that's neat, Gartman 'Mr Contrary Indicator' can go choke on his position.
..i believe i read at one time his daughter, daughter-in-law etc..works as a CNBC producer..trying to verify that and "friend" her with fruitbaskets and cheese wedges so she'll alert me to his apperances..then I can fade his advice and retire in 2 years....
gartman went balls-in BEARISH 2 days ago. all you need to know about this rally lol
Is the Russell going to put a spanner in the works here?
.
I've said this time and time again... where are the controls/circuit breakers for upward movement of the markets? If this were going in the other direction the exchanges would have pulled the plug.
And since 80-90% of Americans are not effectively in the stock market for a substantial amount of their "savings", it is the 10-20% who benefit from this rigged market... as long as the the 80-90% don't realize that ultimately in the future, through decreased living standards, decreased purchasing power of the dollar, and the promises that need to be paid (SS, Medicare, Medicaid, etc) they will wind up paying for it. But if you are not in the market, then you are unaware of the incessant theft.
Y
N
Must close week with 19 handle on S&P...
Must close week with 19 handle on S&P...
Must close week with 19 handle on S&P...
Must close week with 19 handle on S&P...
Must close week with 19 handle on S&P...
Must close week with 19 handle on S&P...
The Holodeck EconomyTM, the one where some central banker says, "Computer, raise indices," and the stock indices respond, is a function of the huge number of people utterly committed to the status quo. I know I sound like a broken record on this, but the more I think about it the more I am driven to the same conclusion. This general timbre of things will continue until the Baby Boomers are forced to liquidate their 401(k)s and real estate. That's when the tide goes out on the "wealth effect" (which works both ways, you know).
Dear Ms. Yellen,
As an attorney attempting to prosecute the likes of Cark Icahn, Warren Buffett, David Tepper, and others for using their market power and influence to move prices, it’s tough to make a case when you and the Fed are by far the largest perpetrator of this offense. I know two wrongs still don’t make a right, but, even that argument seems to fall on deaf ears of judges these days. I was curious if you could give some guidance on how long your organization plans to control market prices with comments about monetary policy so that I will have some idea when I can quit my job at Wall Mart.
P.S. Can you tell me what price AAPL will close at next Wednesday.
There is no reason to be in this market. It is clearly in a technical breakdown and way overpriced. I can't think of a worse kind of pump and dump than some random commentary with no action. QE can pump a market, but nothing can stop it from coming back down when it ends. Japan did it repeatedly with teh same results. Show us the money.
Most likely this rally is as much due to teh appointing of a political hack to the Ebola Czar position, that will not close down airports, as anything else. But you know what?--Ebola. It is going to destroy the economy anyway.
I think you hit the nail on the head Quin, this looks like a textbook distribution top. The rallys are tremendous and lure the suckers back in. Rinse and repeat, it's toughg to sell off a five year line of stock, but even if the Fed can't make it stay it, it can at least help it's friends offload their inventory.
Let's discuss what QE4 would actually look like. They ran out of debt to monetize and unless US.gov announces massive stimulus which creates more debt, there's nothing they can monetize.
Is Yellen's helicopter being fuelled up as we speak? Are they showering Americans with more and cheaper debt, maybe even with "free" money?