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The Bullard Bulls#*t Is Back
In just one month, St.Louis Fed President Jim Bullard has eviscerated what little credibility he had with his desperate pleadings to the Dow-Data-Dependent Federal Reserve gods.... today we find out that there is "no need for more QE for now, the economy is in good shape" and 1400 Dow points higher than when it was crucial to "delay the end of QE." What is more worrying is the fact that in the last 2 weeks of total market melt-up since Bullard spoke, earnings outlooks for Q4 have collapsed and macro data has done nothing but disappoint.
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Give him a couple weeks, he'll change his mind again if the Santa Clause rally starts to fall apart.
Watch out for that first step. It's a lou-lou
BING-FUCKING-O DUDE!!
translation: "Japan has got us covered for now"
Dullard is expandable ... one time is dullard, next time eizenrath, next who knows and who really cares ... none invests based on what dullard says ...
He is just an excuse for CNBC and the rest of parrots to point the reason why things happened the way they happened ... try to keep everyone in the row in line
The only question is whether the Baron and his friend have liquidated their holdings yet.
Place holder
Fuck place holders.
The second step is still a doozie though, don't trip.
maybe he subscribes to gartmans newsletter...
Maybe it IS Gartman, wearing a Bullard mask —
The fact that he hasn't had a nail gun "accident" yet speaks volumes.
They don't have "accidents"when they are doing what they are told.
..F*ck Bullard, we need Turbo Timmy.
sarc off
This should end whatever doubters remain that the #1 priority of the Federal Reserve is to keep stock prices up.
Had to pimp stocks to all time highs for their masters in the white house, ...now thats market fundamentals.
Now for the next exciting installment of "PIMP MY ECONOMY!"
Turn your hooptie economy into a dope-ass investor's magnet.
Once again, superstar and currency enthusiast Krazy Kuroda and printing specialist Yelling Yellin get up to speed and take aim on the biggest clunker economies in the system. Taking Ponzi scammin' to the next level, together Krazy Kuroda, Yelling Yellin, and da rest of da crew at Bankin' Central create unheard of pimped out e-CON-omic masterpieces.
Posted elsewhere earlier this morning.I hate the Fed worse than Obola
Don't waste your energy on hating these slugs. Hating them gives them power over you.
"I have no time to quarrel, no time for regrets, and no man can force me to stoop low enough to hate him."
~Laurence Jones
Trust in the Political Sytem is zero
Trust in the mainstream media is going to zero
Trust in Central Banks is going to go exactly the same way
At that point, all bets are off.
Plenty of people still worship these Zionist institutions, don't worry...your forgot Hollywood BTW.
This assclown just moved up the list, for when we bring back the guillotine!
The scary thing is, I don't think he is bullshitting us via level...I actually think that this guy actually thinks the economy is doing great. It's scary a guy this high up on the US CB chain is THAT aloof.
There is a fine line between malice and stupidity.
Economy is doing great Shizz, just depends which side of the fence you're sitting on.
the whipsaw. it's all they care about. buy or sell. don't just sit there.
Murdering psychopaths don't care what gets destroyed. They are in it for the "buzz" and the short term win.
Trying to lure the last suckers left. I don't think there is any left though
That's when you become the last sucker.
agree
Is there any better evidence of CB market manipulation? Who is pulling the strings behind the scenes for these puppets? Can we not just let the free market be free?
He don't work for free anymore, it is time to pay the piper though.
If you can't dazzle them with your Brillance then Baffle them with your Bullard.
RE
Has he been to Detroit lately?
look at the trade imbalance, they have to stop "outright" QE. The shadow QE continues of course.
Somebody found a smoldering burnt body behide a school in Baltimore.
Good thing oils getting cheaper as this is not a good source of heat.
they really need to muzzle Bullshit-tard, he is like a jack in the box.
Eclownomy = DOW
That's all.
Part of the issue is their entire life, no one has listened to them cause they work in an arcane area that only they and their like care to understand.
They don't care about simple economics like Austrian, they want to pretend that they can improve on the marketplace, if there were a pure one.
Put a person brought up in that world into the FED and they like that news people care about what they say. So they have diarrhea mouth.
It would be hilarious to see someone walk up and punch this ass clown in the face.
All part of conning the rubes. Part of what we're seeingg is optimism that Republicans win the Senate, or buying on the rumor. Time to sell on the news they actually win the Senate. Now Obama becomes unchained...unhinged...
Tick-Toc, Japan is setting up to implode. Buying 100% of debt.
The US fed Japanese printing experiment is blowing up in their face.
The Fed Heads pop in and out to keep the markets at levels. The clown car head towards the cliff.
Speaking as an institutional trader who has not touched equity indices for most of my trading career I have one simple observation based on trading experiences over the past 6 months (managing my own money).
Being short US indices is a pointless and psychologically damaging trade...even when you are onside (and I was short into the last sell-off). You have a constant feeling that you are vulnerable at any point in time to getting assfcuked by a CB. You understand quickly and painfully via P&L that there is ZERO prob that these guys will allow asset prices to correct naturally.
If you're going to trade just be long and either run a trailing stop below or if u can use options, buy assymetric p/flys that give u some -'ive delta and use the put skew to your advantage.
Do not short these equity markets...it's plain bad for your health.
With constant Fed intervention the only way is to be long stocks. They'll talk it up or buy it.
This only changes with a curreny crisis where they lose control. Then and only then will the market normalize. Until then trade the rigged market way.
^^^^^^^^^^^^^^^^^^^^^^^^^^
TOP!
BTFATH
Today I make no predictions and have few expectations because yesterday when I awoke it was to a market where stock futures were soaring ever higher even after important economic numbers had been released that came in below expectations. As the stock market continues to remain at historic highs please tell me what is so good? What is so much better?
As I see it the weight of carrying a large number of unemployed and people who have dropped out of the work force is wearing society down through attrition. The article below points out some of the glaring flaws in the argument that blue sky lies ahead as the stock market seems to indicate. As I look at a landscape of empty and under-leased buildings that once housed thriving businesses that provided Americans with good paying jobs I'm forced to ask, How are things getting better?
http://brucewilds.blogspot.com/2014/10/tell-me-again-how-things-are-getting.html
anf the Dow HOD LOL
AS I PASS through my incarnations in every age and race,
I make my proper prostrations to the Gods of the Market Place.
Peering through reverent fingers I watch them flourish and fall,
And the Gods of the Copybook Headings, I notice, outlast them all.
We were living in trees when they met us. They showed us each in turn
That Water would certainly wet us, as Fire would certainly burn:
But we found them lacking in Uplift, Vision and Breadth of Mind,
So we left them to teach the Gorillas while we followed the March of Mankind.
We moved as the Spirit listed. They never altered their pace,
Being neither cloud nor wind-borne like the Gods of the Market Place,
But they always caught up with our progress, and presently word would come
That a tribe had been wiped off its icefield, or the lights had gone out in Rome.
With the Hopes that our World is built on they were utterly out of touch,
They denied that the Moon was Stilton; they denied she was even Dutch;
They denied that Wishes were Horses; they denied that a Pig had Wings;
So we worshipped the Gods of the Market Who promised these beautiful things.
When the Cambrian measures were forming, They promised perpetual peace.
They swore, if we gave them our weapons, that the wars of the tribes would cease.
But when we disarmed They sold us and delivered us bound to our foe,
And the Gods of the Copybook Headings said: "Stick to the Devil you know."
On the first Feminian Sandstones we were promised the Fuller Life
(Which started by loving our neighbour and ended by loving his wife)
Till our women had no more children and the men lost reason and faith,
And the Gods of the Copybook Headings said: "The Wages of Sin is Death."
In the Carboniferous Epoch we were promised abundance for all,
By robbing selected Peter to pay for collective Paul;
But, though we had plenty of money, there was nothing our money could buy,
And the Gods of the Copybook Headings said: "If you don't work you die."
Then the Gods of the Market tumbled, and their smooth-tongued wizards withdrew
And the hearts of the meanest were humbled and began to believe it was true
That All is not Gold that Glitters, and Two and Two make Four
And the Gods of the Copybook Headings limped up to explain it once more.
As it will be in the future, it was at the birth of Man
There are only four things certain since Social Progress began.
That the Dog returns to his Vomit and the Sow returns to her Mire,
And the burnt Fool's bandaged finger goes wabbling back to the Fire;
And that after this is accomplished, and the brave new world begins
When all men are paid for existing and no man must pay for his sins,
As surely as Water will wet us, as surely as Fire will burn,
The Gods of the Copybook Headings with terror and slaughter return!
http://seekingalpha.com/article/2634995-equity-bears-still-dont-get-it
It's not about the fundamentals anymore.
reminds me of dennis gartman
It's the Bullard hokey pokey.
"no need for more QE for now, the economy is in good shape"
No need for QE when there is QE-J
The bigger question is who calls Bullard telling him to make another public statement in order to move the markets higher. Is it Lloyd Blankenstein of Goldman, Larry the Rat Fink of BlackRock, or Jamie Ain't Got No Diamonds of JP Morgan?