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Stock Slump Erases All Post-FOMC Gains
But, but, but... low oil prices are awesome and Yellen was kinda sorta dovish... right? After ripping 5 to 6% off the Yellen FOMC lows in thin illiquid holiday trading, US equities have roundtripped (just as Treasury yields already had) - erasing all that 'hard-earned wealth'.
Who could have known?
Charts: Bloomberg
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Bottom is in.
Thanks, ZH!
For a moment, but Only a Fed official can stop these sell-offs. Who will it be this time?
Smells like 2008 all over again.... And then some!
It's up to my ankles...
Yellen must be on vacation still.
That means it's time to unleash the Bullard......
Yikes - I can smell the ferrous from here...
I've heard that so many times in the last 6 years.
I'll believe it when i see DOW 10,000.
Right now we are talking about drops of less than 2%.
LOL- so your idea of a "hedge" is to come on this board and bleet your long position?
Baaaaa......
Stay long in your S&P index fund- don't sell it now, you're only down 2%- you'll bounce to new highs any second, the Fed will come to your aid......
Sucker.
Who said I was long?
I'm not in equities.
nah, Im hoping not. maybe after a carefully choreographed 10-20% drop, which will give yellen all the screams of support she'll need for QExxxxx.
There is a point where even the FED can't support all the magic paper floating around but that doesn't mean they won't try. I'm expecting the announcement of an emergency FOMC meeting in a couple of weeks.
That's some fancy plate spinning required.
If margin calls are triggered then watch for the plates to drop.
Where is Bullard when you need him? And Kevin Henry is not back on the job?
It is just a matter of time before the market is manipulated/talked higher.
2.54% for thirty year "money", crazy times. When the thirty year goes onder two, I'll start dumpnig.
I'm close too.
These ships are about to come in and I ain't talking King Phillip's gold.
Long Amazon Prime....
Don't be silly Doctor; everyone knows the fed will be raising rates...
Pretty soon...
Next FOMC meeting?...
Any time now...
The 10 year is at 1.9 right now. The 30 will get there soon.
All aboard !!!!!
All aboard !!!!!
this canary wearing a bright yellow safety vest (with flashing lights)
core capex orders down 3 consecutive months (4 of last 5)
and the energy capex shrinkage just getting started
...---...
A long, long way to go. "The bottom is in"......For Gold!
1.962
Secretariat breaking away from Sham ...
Secretariat.... LOl..... You're dating yourself.
Seattle Slew?
But Tyler, it has been wealth hard-earned. Just think of the tireless work performed by the HFT machines throughout this entire equity rally from 2009. Are you heartless, man?
Yeah!! SkyNet's gotta eat!
we need more leaks, we need more trolls that are patient
1.949
Go!
$47 crude just ticks away, and the $42 temporary bottom could be days away:
http://www.investing.com/commodities/crude-oil-advanced-chart
Brent is the one to watch. I'm hoping it'll cross the $50 dollar mark in a day or two.....
"Blood in the street is up to my knees... blood is the rose of mysterious youth"
Jim Morrison
https://www.youtube.com/watch?v=v1TtS1lSW_s
Burn this shit to the ground! Baaa daa daa daa daa daaaaa, I'm Loving it!
How long, how long will I slide?
Separate my side I don't,
I don't believe it's fair
Slittin' my throat, it's all I ever...
Crude now in the $47s: don't fill up until it bottoms at $42:
http://www.investing.com/commodities/crude-oil-advanced-chart
And my minus 450 point DJIA call to the temporary double bottom at 17,000 (and SPX 1970 and NYA 10,400) is less than 2% and a day or two away, yellin' from the open mouth committee notwithstanding:
http://www.investing.com/indices/us-30-advanced-chart
A tribute to what comes before the biggest of "falls"!
http://www.rumormillnews.com/cgi-bin/forum.cgi?read=7670
Fascinating. Recall not quite a month ago stocks were rescued from a similar mini-swoon by a 'patient' FOMC and a Fed Chair presser featuring Janet the Ripper, and of course a market rip soon followed, with carry-thru til year-end.
Tomorrow marks another FOMC release, but this time with no press conference, though the minutes are from the aforementioned Dec 16 period, when SPY had dared to 'plunge' below the 50 DMA. With only Evans on tap, and not until after 6 pm tomorrow, this seems a perfect time to trot out some semi-attributed Fed quote to Reuters, Hilsen-Ramp at WSJ, etc. Let's see if we get a bubble-conscious, or a bubblicious Fed as the day progresses . . .
once again, BULLISH!!! This is another phucking headfake. Tomorrow Dow 20,000. Rinse and Repeat.
OH and I am going to take out my gas sucking H1 Hummer and fill up the take tank and punch the gas peddle on the highway onramp with my hair blazzing. Just waiting for some FED phucker or ECB phucker to say something and watch the market turn on a dime. Its going to be green by the close, thanks to the NY FED. So phucking predictable!!
... investing in stocks (like energy stocks) is like investing your money on crime ... crime does not pay ... >>> http://business.financialpost.com/2015/01/06/oilfield-writedowns-loom-as-crude-slump-guts-drilling-values/?__lsa=16bc-154e ...
This is sooner than I expected. The politburo usually schedules market corrections on 8-year presidential elections, so both parties can simultaneously blame the other for the crash and take credit for the recovery.
It's a little early this time. Interesting...
Employment numbers this Friday...?