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US Stocks Play Vertical Catch Up To USDJPY's Overnight Surge
UPDATE: Stocks catch back down to bond reality...
Just as we 'forecast' this morning, on no news whatsoever, as once again the meme of underperforming hedge funds (HFRX Global Hedge Fund Index down by ~0.5% YTD versus S&P 500 up 9.2%) needing to chase performance is trotted out as an excuse to front-run the highest beta idiot-maker stocks into the open...
Of course, by now everyone knows that the traditional pattern is weakness at the US open, ramping into Europe close, then ramping some orem to preserve faith in central planning. Today should be no different.
JPY went first (dragging NKY to 17250) and now S&P is catching up too...
Normal...
Of course US stocks have a long way to go to catch up with Nikkei since Friday
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Efficient. Bullish.
Yes, but will yields "catch up"...
go ahead, let rates rise, I triple dog dare you!!
Let the markets soar 200 pts per day everyday for the next few months...I dont care anymore, I rather know that there will definitely be a collapse in the horizon and that it will happen sooner rather than later....I dont know my if I can keep sane for another fuckin year like this.
Crash, so the sky is full of banksters jumping, and the "little guy" can finally buy in.
but will yields "catch up"...
Yes but in a BSDM kind of way...
Groundhog Day baby all over again
Too early for flapjacks?
anyone else stunned by the spy volume at retail open? if I read it correctly it was pushing north of 12mm...
Obammy about to get pantsed so all stops must be pulled out.
Vertical catch up? More like vertical ketchup to central bankers: looks bloody, tastes so sweet . . .
All the Zerohedge crazies have gone AWFULLY QUIET about this Ebola disease that was supposed to spell the destruction of the United States. Remember how you were all convinced it was airborne and about to start spreading rapidly???? Yeah becasue I sure do.
So now I guess its just a matter of time until you folks jump on the next news story as the apocalyptic event that send the United States back to the Stone Age. Curious to figure out when you people just start to fucking get it. The current lack of coverage is just hilarious.
Well between Oct 25 and Oct 31 an addition 3000 people became infected so yea Id say shit is getting parabolic. Just keep BTFD though...
http://apps.who.int/iris/bitstream/10665/137185/1/roadmapupdate25Oct14_e...
http://apps.who.int/iris/bitstream/10665/137424/1/roadmapsitrep_31Oct201...
Let me check my chart...
It'll hit the cycle on Wednesday just in time for all the bad news to dump after "magic Tuesday".
Fuck you "TheEndTimes".
The media is not talking about it becuase they are in the bag for assholes like you.
Bring it on Jah love!
They can't help themselves. It's like anorexic's can't see reality either. "The mirror, the scale and other people are all wrong.
What are you doing here then fuck face. Fuck off to Sierra Leone and tell us how unreal it is.
Bullish: a fresh new wave of bankers running around raping and killing prostututes. Think of the replacement luggage sales !!
Yes, buy, buy, buy fishies!
Tuesday post elections, guttin time?
WOOHOO!!! A $4 "verticle catch up" Looks impressive on a chart but in reality it wouldn't even buy you a beer in most bars. And now it's almost back to pre market opening price.
This is exactly what was planned. Yen carry trade goes berserk, Treasuries get boosted by leveraged yen carry, and then the ill-gotten gains are flushed into the stock market. I think it just takes a few days lag time for the stock results to be seen.
The "unintended consequenses" have been priced in, at least at the very top. To wit:
Japan's consumer economy gets hammered in a perverse reverse deflationary whammy as cheap yen actually HURTS Japans IMPORT economy- people can buy less Chinese products with devalued yen, and this actually hurts the offshored Japanese manufacturing sector. Retired people CONSUME, not produce.
But this is a jab to China, and a subtle reminder to the Chinese just who their masters are. Japan doesn't need Manchuria when they own that chunk of China's export market not dominated by the US. Chinese control by foreign devils ceased for a short time between 1949 and 1979, but is now back in full force.
Finally, why does anyone think Kuroda had any thing to do with this? Sure, he's the one who pushed the button, but he had a huge gun to his head, and the finger on the trigger was Yellen's. But she is just a nice Bubbe, a starry-eyed academic who by dint of her hard work and intelligent dedication to economic theory, rose through the ranks at the Fed to become the meritorious technocrat in charge with no political axe to grind.
Yeah, and I'm a monkey's uncle.
Yellen has a gun to her head, but the hand that holds it is shadowy, cloaked in a black leather glove, and so, identity unknown. If Kuroda isn't calling the shots, Yellen certainly isn't.
That black gloved hand could be Dimon's , or it could be Blankfein's. Or it could be the hand of the ghost of Nathan Rothschild.
I likes this end times cat, he crazy