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Algos Spooked After Yellen Says "Almost All Participants" See 2015 Rate Hike

Tyler Durden's picture




 

It was all going well for Janet - stocks were up, crude was down - and then she said...

  • YELLEN SAYS ALMOST ALL PARTICIPANTS SEE RATE INCREASE IN 2015

Sending stocks back below pre-FOMC levels and sparking a tumble in Gold, a surge in The Dollar, and slip higher in yields.

 

 

and the reaction across assets

 

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Wed, 12/17/2014 - 15:54 | 5564478 disabledvet
disabledvet's picture

Ooops.

Wed, 12/17/2014 - 15:57 | 5564482 Latina Lover
Latina Lover's picture

Shut it, Yellen, shut it.

Wed, 12/17/2014 - 15:59 | 5564502 Pool Shark
Pool Shark's picture

 

 

YELLEN SAYS ALMOST ALL PARTICIPANTS SEE RATE INCREASE IN 2015

Sounds like they all need new glasses then...

 

Wed, 12/17/2014 - 15:59 | 5564508 TruthInSunshine
TruthInSunshine's picture

Janet Yellen is really Kyle's cousin from South Park:

https://www.youtube.com/watch?v=73yZQK-T_78

Wed, 12/17/2014 - 16:05 | 5564542 The9thDoctor
The9thDoctor's picture

Well if Joe Blow with his $9 an hour crap job just simply bought some assets, we wouldn't be in this mess.

/sarc

Wed, 12/17/2014 - 16:09 | 5564557 SMG
SMG's picture

Consider this though, what if for some reason, like loss of sole reserve status for the dollar they are FORCED to raise rates.  Something like what just happened to Russia.   Then the whole Fed balance sheet goes kaboom and the Second Great Depression is realized.

God help us all.

Wed, 12/17/2014 - 16:13 | 5564581 SilverIsKing
SilverIsKing's picture

You apparently have not gotten the memo.

Wed, 12/17/2014 - 16:33 | 5564674 negative rates
negative rates's picture

You're way behind the 8 ball if you're listening to Janet right now. Trust me. In debt we trust.

Wed, 12/17/2014 - 18:13 | 5565367 Xibalba
Xibalba's picture

All part of the script.  If you believe what any of the branches of Gubmint say, and the FED is a Gubmint branch (NOT independent)  --  I'd like to sell you a new technology called AOL. 

Wed, 12/17/2014 - 18:39 | 5564703 TheRideNeverEnds
TheRideNeverEnds's picture

Don't worry about that, its theoretically possible put practically impossible.   The only thing you should be worried about now is missing the next leg higher as they ramp the shit out of the 'market' to close the year substantially higher in all the indexes as people load the boat in anticipation of another 7-30% of nominal gains next year.

Wed, 12/17/2014 - 16:18 | 5564600 SethDealer
SethDealer's picture

yellen is a stupid bitch

Wed, 12/17/2014 - 16:06 | 5564544 max2205
max2205's picture

Yo yo yo. It's TransitYOYOry .    YO YO

Wed, 12/17/2014 - 15:59 | 5564509 knukles
knukles's picture

"Almost all" has the "sine quan non" of "folks"

Wed, 12/17/2014 - 16:00 | 5564511 Dr. Venkman
Dr. Venkman's picture

It definitely dumped on "a couple meetings"

Wed, 12/17/2014 - 16:30 | 5564660 RaceToTheBottom
RaceToTheBottom's picture

"YELLEN SAYS ALMOST ALL PARTICIPANTS SEE RATE INCREASE IN 2015"

The Algos thought they were the participants

 

Wed, 12/17/2014 - 16:53 | 5564833 gladih8r
gladih8r's picture

YELLEN SAYS ALMOST ALL PARTICIPANTS SEE RATE INCREASE IN 2015

These part participants.......are they by any chance avid crack connoisseurs?

Wed, 12/17/2014 - 17:34 | 5565148 plane jain
plane jain's picture

Would that be the third quarter of 2015? 'Cause there has been a lot of chatter on here regarding the third quarter of '15 being the end of the line for the status quo.

Wed, 12/17/2014 - 17:43 | 5565211 Dugald
Dugald's picture

Yeah yeah, now you see it...now you won't

Wed, 12/17/2014 - 16:20 | 5564567 Squid Viscous
Squid Viscous's picture

she should have just sung:

Oh - dreidel, dreidel, dreidel
I made it out of clay
And when it's dry and ready
Then dreidel I shall play!

No more questions for Ms. Yellen...

 

Wed, 12/17/2014 - 15:57 | 5564484 Hard1
Hard1's picture

FT and Bloomberg insist they dropped "considerable time"

Wed, 12/17/2014 - 16:17 | 5564603 Hard1
Hard1's picture

Actually they dropped it...they worded it on a very confusing way

Wed, 12/17/2014 - 16:17 | 5564604 Hard1
Hard1's picture

Actually they dropped it...they worded it on a very confusing way

Wed, 12/17/2014 - 17:09 | 5564944 Squid Viscous
Squid Viscous's picture

40 SPX handles says you're wrong

Wed, 12/17/2014 - 15:57 | 5564485 Bioscale
Bioscale's picture

Bullshit.

Wed, 12/17/2014 - 15:57 | 5564486 freedogger
freedogger's picture

Whatever, it took me 3 years 16 months, but I finally have my avatar up.

Wed, 12/17/2014 - 16:03 | 5564530 Global Hunter
Global Hunter's picture

thumbs up!  Yes, baffle them with bullshit!

Wed, 12/17/2014 - 16:08 | 5564554 Headbanger
Headbanger's picture

Thre years and 16 WEEKS dude.

But congrats anyway you mook!

Wed, 12/17/2014 - 16:13 | 5564580 freedogger
freedogger's picture

Well thanks, I was using the art side of my brain.

Wed, 12/17/2014 - 15:56 | 5564489 Tsar Pointless
Tsar Pointless's picture

Free. Fair. Effic...ah, fuck it.

Wed, 12/17/2014 - 15:57 | 5564491 Jumbotron
Jumbotron's picture

HahahahahHahahaha !!!!!!

 

These fuckers are panicking. 

 

Wed, 12/17/2014 - 15:58 | 5564493 Cognitive Dissonance
Cognitive Dissonance's picture

I'm getting sea sick. Someone stop this damn ride and let me get off.

Wed, 12/17/2014 - 16:01 | 5564523 saints51
saints51's picture

Think of the satanic song catch phrase of Hotel California. That will be your answer wanting to stop participating.

Wed, 12/17/2014 - 15:58 | 5564495 Bernoulli
Bernoulli's picture

What did people expect FFS!?! Low rates forever??

Wed, 12/17/2014 - 15:57 | 5564498 pods
pods's picture

They always fall for the "Free Beer Tomorrow" sign.

Come on Janet, raise them rates.  Let the market decide.  

If you did that, you'd be hung upside down by your nutsack.

I say go ahead, pull a Russia, let's see some bean counters' sphincters pucker up tight.

pods

Wed, 12/17/2014 - 16:03 | 5564534 Sub MOA
Sub MOA's picture

tomorrow is promised to no one   unless you're the fed

Wed, 12/17/2014 - 15:58 | 5564499 Gaius Frakkin' ...
Gaius Frakkin' Baltar's picture

Etrade handing out free Dramamine samples yet?

Wed, 12/17/2014 - 15:58 | 5564503 FieldingMellish
FieldingMellish's picture

Talk, talk, talk....

Wed, 12/17/2014 - 16:12 | 5564573 Jumbotron
Jumbotron's picture

"Lies' Lies, Lies...Yea-ah !"

 

Thompson Twins

 

 

Wed, 12/17/2014 - 15:59 | 5564505 Bay of Pigs
Bay of Pigs's picture

Mr Yellin cant even keep his lies straight anymore...

Wed, 12/17/2014 - 15:59 | 5564506 saints51
saints51's picture

Dow up over 200. Guess it is good news now.

Wed, 12/17/2014 - 16:03 | 5564532 saints51
saints51's picture

LOL!!!!!algos gone wild. 3:30 should be interesting

Wed, 12/17/2014 - 15:59 | 5564510 indianplayers
indianplayers's picture

What happens if she "farts" during the press conference?

Wed, 12/17/2014 - 16:01 | 5564524 Sub MOA
Sub MOA's picture

the oompa loompa has spoken ...release the hounds er something like that ...makes as much sense as any thing else going on

Wed, 12/17/2014 - 16:01 | 5564525 trilliontroll
trilliontroll's picture

0.00000001 % would be a rate hike

 

Wed, 12/17/2014 - 16:01 | 5564527 Al Huxley
Al Huxley's picture

Wow, she sure does play her cards close to her chest, doesn't she?

Wed, 12/17/2014 - 16:05 | 5564538 i_call_you_my_base
i_call_you_my_base's picture

Gross.

Wed, 12/17/2014 - 16:07 | 5564555 max2205
max2205's picture

Moooootorrrrrrrboooooooattttt

Wed, 12/17/2014 - 16:04 | 5564540 Seasmoke
Seasmoke's picture

A couple is 2. @ 2+2=5

Wed, 12/17/2014 - 16:36 | 5564688 negative rates
negative rates's picture

And 1 and 1 and 1, are three.

Wed, 12/17/2014 - 17:48 | 5565236 Dugald
Dugald's picture

And 1 and 1 and 1, are three.

Ha! so, some of youse Bozo's really wented to school, damn?

Wed, 12/17/2014 - 16:07 | 5564548 Barnaby
Barnaby's picture

Anybody still believe anything is unscripted anymore?

Dis fucking connect.

Wed, 12/17/2014 - 16:11 | 5564558 Dr. Engali
Dr. Engali's picture

This reminds me of the press conference with the Bernamk when the five year started to blow out as he spoke. It took him months of repeating "oops my bag" to repair the damage.

Wed, 12/17/2014 - 16:09 | 5564559 FieldingMellish
FieldingMellish's picture

Is it time to roll out the Bullard yet?

Wed, 12/17/2014 - 16:11 | 5564561 Dragon HAwk
Dragon HAwk's picture

Tell me there not plotting the market,  sentence by sentence.. please  please... We Are So Screwed

Wed, 12/17/2014 - 16:12 | 5564570 blown income
blown income's picture

We lifted some folks...

 

0 -.25% for 6 fucking years ...

 

Banks running it up our ass at 12_20% 

 

Fuck you secular stagnation bitch look at my bank account!!!

Wed, 12/17/2014 - 16:13 | 5564572 Dr. Venkman
Dr. Venkman's picture

how many fucking UM's can possibly stumble out of this bitch's mouth.

Wed, 12/17/2014 - 16:22 | 5564628 trulz4lulz
trulz4lulz's picture

Its like listening to a mentally retarded kid read from a travel brochure. I wonder if anyone has a transcript I am curious as to which words she used the most and the variety as well.

Wed, 12/17/2014 - 16:14 | 5564579 LawsofPhysics
LawsofPhysics's picture

Yes, unless you are a bank of course, you will still have access to hundreds of billions at 0.25%.

see the real problem yet motherfuckers?

Wed, 12/17/2014 - 16:38 | 5564704 negative rates
negative rates's picture

The blind and the truely educated can not see the problem, because they are the problem.

Wed, 12/17/2014 - 16:54 | 5564837 Incubus
Incubus's picture

You know the saying(paraphrasing):

 

"When your check is dependent on not seeing the truth, you will not see it."

Wed, 12/17/2014 - 16:43 | 5564741 Yen Cross
Yen Cross's picture

 Nice comment LoP. Fucking Chairsatan(Bernanke) must be hiding in an Afghan cave right about now.

  What a shitshow... I'm sure he's got lots of monetary tools to use there.

Wed, 12/17/2014 - 16:40 | 5564723 phantom blot
phantom blot's picture

simplistic reactions to a simplistic FED - feels like a bunch of 8 year olds reacting to a lolly scamble

Wed, 12/17/2014 - 16:47 | 5564781 cpnscarlet
cpnscarlet's picture

Gold has to go down...Turk posted recently on KWN.

Wed, 12/17/2014 - 16:46 | 5564784 Tsar Pointless
Tsar Pointless's picture

And we're now at highs of the day. Well done, Janet! Have a cookie.

Wed, 12/17/2014 - 17:01 | 5564891 Meremortal
Meremortal's picture

Haha.

 

You idiots.

Wed, 12/17/2014 - 17:07 | 5564931 SheepDog-One
SheepDog-One's picture

Fed minutes translation- 'will these words be enough to lift stawks?'
That's all.

Wed, 12/17/2014 - 17:10 | 5564950 CosmicDebris
CosmicDebris's picture

This whole charade is getting fucking hysterical.

Read: All I can do is laugh anymore.

Wed, 12/17/2014 - 19:03 | 5565591 Chad_the_short_...
Chad_the_short_seller's picture

Is there anubody out there dumb enough to believe that QE is not going on? Maybe it's not called QE but I don't give a fuck what anybody says or thinks..... the CB's are still driving this market up. If they weren't buying it up then the whole entire market would collapse and we'd have the dow at 500 max

Wed, 12/17/2014 - 21:20 | 5566186 TulsaTime
TulsaTime's picture

At some point you might think they would come to the conclusion that ZIRP is corrosive to the economy as a whole, and thus have to raise rates. I mean, what's a little discovery between friends? And if they admit that, then they may come to a realization that QE is backwards for any sort of stiumlation for the real economy. 

But you would be thinking wrong, my friend, because reality has no place in an institution that is dedicated to the preservation of finance in the economy, and not the economy.

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