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It appears, in the new post-Fed-QE world, that "good news" is indeed bad news. Remember that "great jobs data" from 2 weeks ago?
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Raise interest rates, Mr. Yellen!
Take her to sea, Mr. Murdoch!
You beat me to it. A 0.25% rate raise might be fatal to these cotton candy equity markets.
C'mon Janet, you can do it! Prove to us that employment is good and inflation is low!
Mr. Yellen definitely has the balls to do it.
Have no fear the part-time burger flipper jobs will save us....
.... and UBER, too !
As most see it, it is not real news at all. Just pure modified,contrived and made up bullshit.
Nothing like being a mushroom. Fed shit and kept in the dark.
But it's REALLY good bullshit.....
Tyler you didnt write up new claims last week. What was up?
Feeling wealthy yet? Thank you Mr. BernankenYellenStein for fucking America again.
The curtain has been pulled back to reveal the Yellen of Oz.
And he is naked apart from the wizard hat.
shudder...nobody wants to see that shit
"Well here's to you Mrs. BernankeYellenStank, Jesus loves you more than you will know, wo wo wo"
Things are getting ugly. Could shit blow up the day after that derivatives deal went through? Could they be that brazen?
(Rhetorical, the answer is 'yes'.)
probably didn't matter ... we are going to bail the TBTFs out again no matter what
BUT
to be politically possible i think 1 or 2 (BofA & Citi) will be taken down (with choicest morsels going to JPM and GS) and US taxpayers eating another sh!t sandwich.
Agree that it wouldn't matter, but it is cover.
the only thing that matters is the fomc statement. there is no market, there is only old yeller.
DAX off 4.9%
Achtung Baby
I'm sure it's baked in....
http://www.foodnetwork.com/recipes/german-chocolate-cake-make-my-cake-recipe.html
Broken Arrow
The "good news" reports come from the same sort of journalists as those who for decades overlooked the stories by victims charging Bill Cosby with being a serial rapist who drugged his victims. The deferential news treatment Bill Cosby got until recently is the same sort of news coverage certain other news icons still get, such as cokehead Obama and the corrupt members of the Federal Reserve board.
When notable people like cosby are outed so to say. The initial reaction is advertisers try to suppress the story. "No more jello ad's for you, if you go ahead with this". But cosby has the right to face his troubles in a court of law, and not this asshole media circus, we commonly refer as news.
And would it not be good news,doing coke, going upscale from smoking crack?
re the NFP report
Establishment (where the jobs number comes from) survey did NOT concur with the more extensive Household (where the UE rate comes from) survey
Batter down the hatchets, because the Shit Storm is on the radar screen..
"Batter down the hatchets"
You makin' waffles or pancakes?
His bug out site is in the Big Rock Candy Mountains.
Halcion is the cure...
Is this The Slaying of the Goyim before Christmas by Goldman Blankfein?
Muppeteering?
How long can they hide these awful numbers ???
I've been asking that question for at least 5 years!
the treatment of numbers remind me of 'Animal Farm'...
Considering the surreal reality that has become everyday life in the era of endless free welfare for wealthy folks, what difference does news make anymore?
Besides, everyone with any brain cells at all knows that endless lies and spin are the usual order of the day. Sorting through the lies to find any truth anymore just requires too much energy, so heck with it, just close your eyes and roll the dice.
Where do I fit into their jobs numbers BS lies? I lost mine in March and haven't drawn a thin dime from anybody.
But you gotta love the schizophrenic nature of corporate media in their reporting of the economy's 'strength', er, is it 'weakness'.
On the one hand: "(Reuters) - U.S. manufacturing output recorded its largest increase in nine months in November as production expanded across the board, pointing to underlying strength in the economy." (http://www.reuters.com/article/2014/12/15/us-usa-economy-idUSKBN0JT1PQ20...)
But on the other: "(Reuters) - After leading the U.S. economic recovery out of recession, some of the nation's top oil states are showing early signs of a slowdown as a result of the plunge in crude prices. In Houston, Texas, the first oil industry layoffs have been announced, with realtors there predicting a sharp decline, up to 12 percent, in home sales next year." (http://www.reuters.com/article/2014/12/15/us-usa-oil-economy-idUSKBN0JT0...)
I used to be indecisive; now I'm not so sure...
http://olduvai.ca
The whole thing suffers from ADHD bipolar schizophrenia... and there's no meds left
Don't worry: 80 point-recovery in the last 10 minutes alone.
Ah ah ah! Oil down about 3.5%, Exxon Mobil up 0.66%.
"FREE markets"!
Holy crap. Just like we saw at 10:45, a tremendous portion of losses recouped in a few minutes. Unless this is another fake-out before a post-lunch final leg down, it looks like a pivot | 1/2 pivot past the 50 DMA on SPY and IWM, respectively, were the algo rebound targets, or about the 100 MA on SPY, the likely driver if this fickle-freddie bounce holds up.
Though it's looking increasingly bleak for shorts not yet covering, the one (potential) saving grace as we approach 1:00 is that VWAP was (incredibly) just achieved for SPY on a big volume candle, often a harbinger of a machine engineered bounce to allow more unloading, rather than march toward Unch. The next few hours will be key ...
here we are, the only good news is fabricated,, a polite way to say bullshit.
Bad news is lined up like planes landing on a snowy January friday afternoon at Ohare.
USD is up, metals down.banged down hard a little while ago in the apparently still active futures market.
Got to buy gold and squirril it away -when the games are over everybody will wish they had gold, maybe silver.
anything but frns or assets denominated in FRNs
my barber asked me abut gold saturday--first time . And a wifes co worker too--after he has been laughing at gold for 5 years.
people beginning to figure it out.
Let's hope the crash happens on Obama's watch.
That's the only way Hil-dog can get diebolded into office.
Hil-dog 2016
This is not Good News is Bad News. This is posturing before the Fed meeting, to let the Fed know that if they don't stall on Rate Hikes, the market will fall. Any time there is a Fed Meeting, there is no news that matters.