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Bad News Is Good Again
UPDATE: "Bad News" bounce breaks bad...
Unlike yesterday - where bad news was bad news - today terrible macro data news is awesome news... Thanks to a liftathon in USDJPY breaking back over 119.00, the S&P has ripped 10 points since ISM, PMI, Factory Orders data disappointed.
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The bad news was so good again, it had to be posted twice!
Edit: But only for a moment.
Pumping up USDJPY isn't going to help much anymore with these horrible economic numbers
A break below 2010 on the S&P will plunge the market into the abyss
Enjoy the ride you mooks!
You act as if there is something called reality or fundamentals or something.
It is unamerican NOT to trust the Fed, patriot. Now get you ass out there and invest! The trend is your friend. BTFBS.
But I am investing.
In physical lead.
And its "pump and dump" on USDJPY now!
http://www.marketwatch.com/investing/currency/USDJPY/charts?symb=USDJPY&...
Something I said???
LMFAO!
Lots of FRN credits in the accounts of people who are beginning to realize all is not right in central bankster controlled make-believe-money-land, and that the music will not be going on forever. That's why the 10-year is below 2% now, and why it may go much lower. Eventually it will become more common knowledge that non-perishable physical assets are the way to go for those wishing to protect and expand their wealth, and shield it from the inevitable bankster anal blowout. Just my two cents, same as they were last year, likely the same as they will be next year.
"You act as if there is something called reality or fundamentals or something."
Many have falled victim to that trap. It's been a very dangerous delusion to suffer under the last 5 years.
and the Dow rallies...
But the Russell is having nothing to do with it. Strange
Glad I don't depend on this crap directly to make my living. I might nail gun myself to death, slowly, savoring each nail as it went in my head, my chest, directing my mind away from the real pain, The FedTM.
It's actually not that bad if you accept the new reality that the "market" is a policy tool and the way to outperform is to take the blue pill and BTFD.
Agree, I just said that to headbanger above.
Its actually pretty easy once you take your fed meds and btfd....
I got off the glue for one day and one day only.
Watching Yellen Squirm this year trying to explain away the fraud should be worth its weight in fiat.
BTFD....
BTFBS....
Larger and larger dosages of QE.
QE 4 will be $125 or $150 billion/month?
Infinitely increasing QE until IMF SDRs are required to bail out the Fed.
So the FED has intervened and is buying equities to prop up the market. What's so hard to understand about that?
The fewer variables the more eloquent the central banks' software code.
Yep, this Dow is ugly and she's got a ramp-stamp.
Head I win, tail you lose.
#Dax futures up 250 points on the day LOL
Its great, my Quadruple Witching Hour Market Disconnect 3x ETF is going to the Moon!
Aaaaaand it's gone.
At least things are back to "normal"
For all the talk about 'tax loss selling' at the end of the year - there is actually moar selling that takes place after January 1st each year -- where you get to sell your winners and then play with the money for 16 months before you have to square up with the tax man. I think we have seen that with gold going up (cover your shorts) and with stawks (selll your winners). The return of 'bad is good' is likely the end of the the 'sell your winners' season, so we could see a bounce in stawks and a dip in gold. And of course, the BIGS have something in mind for oil, and that does not look like it is over yet.
Papyrus pirates will save the day! Harr matey arrrg!
It's the new "shop by index" economy. It reminds me when I was a teenager, and one of my friends would start blowing up a condom. Boy, those things can get big. But we all know what happens when a condom breaks.
The Fed gives us VD?
Can someone please educate me on the whole USDJPN thing and why its important?
Apparently this is the FX pair that algos like to correlate ES (S&P futures) to. Beep booop beeep boooop . All hail your overload trading algorithms. 010101010010101000001
It's not, really. Just a trend indicator of relative economic conditions in the two countries.
http://www.politico.com/story/2015/01/stanley-fischer-janet-yellen-11389...
I think the best bet would be to invest your money in alcohol stocks.. With the amount I drink, you cant lose :-)
Maybe by the year of 2020, the magical year where all of europe is to be mariculously prosperous, the Fed will own 100% of all equities. Then Yellen can just do what Quivering Lips Bernanke couldn't do - heli drop worthless fiat to the masses. All wil be swell in 2020.
Queue polar vortex 2.0!!!
Judging from this site, there is no good news. Only bad news, and worse news. So, maybe the bad news is good, relatively speaking.