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Repeat After Us: "This Market Is 'Not' Fed-Driven"

Tyler Durden's picture




 

Presented with no comment...

Fun-durr-mentals...

 

But JPY carry not playing along...

 

And nor is crude...

 

Deja Vu all over again...

 

Charts: Bloomberg

 

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Thu, 01/08/2015 - 10:53 | 5636793 jubber
jubber's picture

that big chart could be construed as a righ shoulder forming???

Thu, 01/08/2015 - 10:55 | 5636802 nink
nink's picture

Another Fed cat bounce

Thu, 01/08/2015 - 11:00 | 5636815 bob_stl
bob_stl's picture

I think someone farted in my cube while I was getting coffee and left.

Thu, 01/08/2015 - 11:10 | 5636879 franzpick
franzpick's picture

The market may be fed-driven all right, but their license, registration and insurance expired long ago.

Thu, 01/08/2015 - 11:18 | 5636924 SickDollar
SickDollar's picture

the Market is the fed , one fucken entity Bitchez

Thu, 01/08/2015 - 11:32 | 5636997 SoilMyselfRotten
SoilMyselfRotten's picture

"One of these things is not like the other"......

 

Yay Sesame Street

Thu, 01/08/2015 - 11:07 | 5636861 mayhem_korner
mayhem_korner's picture

 

 

These mini-crashes ad Fed verbal interventions have been more frequent since the taper.  To me that suggests a little wobble in the top that has been spinning since '09.

Thu, 01/08/2015 - 10:57 | 5636810 cowdiddly
cowdiddly's picture

No, thats the two saggy tits pattern

Thu, 01/08/2015 - 11:04 | 5636843 DeadFred
DeadFred's picture

Don't you hate it when that happens?

Thu, 01/08/2015 - 11:12 | 5636893 Stoploss
Stoploss's picture

They make inversion chairs to correct that condition.

Thu, 01/08/2015 - 11:25 | 5636958 ZH Snob
ZH Snob's picture

but what will happen when they lose their credibility from lying so much?  is honesty really that outlandish?

Thu, 01/08/2015 - 11:41 | 5637020 amadeus39
amadeus39's picture

They are encouraged to lie as much as they want to if those lies cause the markets to go up while I'm in them. Remember, honesty is not an absolute. It is a relative behavioral value of our species.  Truth...now that's another matter.

 

Thu, 01/08/2015 - 11:40 | 5637039 lester1
lester1's picture

When is this scam from the FED going to be exposed ????????

1.    FED PRINTS OVER $ 3 TRILLION DOLLARS OUT OF THIN AIR VIA QE1, QE2, QE3

2.    FED BUYS “ASSETS” AT FACE VALUE FROM THEIR 22 “PRIMARY DEALER” BANKS

3.    THE FED’S "PRIMARY DEALER" BANKS THEN TAKE THAT NEW LIQUIDITY TO BUY STOCKS AND LOAN AT 1% TO COMPANIES TO DO STOCK BUYBACKS.

4.    NORMAL INVESTORS GET OUT OF THE MARKET AND THE MARKET TANKS

5.    THE FED THEN TELLS THEIR PRIMARY DEALERS TO BUY STOCKS SO THE STOCK MARKET WONT CRASH. SO STOCKS KEEP GOING UP

RINSE AND REPEAT

QE3 MONEY HAVE ALMOST RUN OUT. EXPECT QE4 SOON !!!!

Thu, 01/08/2015 - 14:40 | 5638088 Binko
Binko's picture

It will never be "exposed" because literally 8 out of 10 Americans are incapable of understanding any of what you are saying. And, even if they had a dim understanding, they wouldn't really grasp what was wroing with any of it because they totally buy into the concept that Governments and Central Banks should rightfully control and manipulate the economy. 

People now think in soundbites and bits of propaganda jingo. They aren't able to form logically connected thoughts and sequences of thought process. I spent years talking to people about all this stuff we talk about on ZH but it's pointless. Now I just come here for a daily dose of reality and depression, move on and smell the roses of the simple life. 

Thu, 01/08/2015 - 14:00 | 5637830 KnuckleDragger-X
KnuckleDragger-X's picture

Radical Islam shouldn't bother to go to all the trouble of trying to destroy us, we're doing a great job of it all by ourselves....

Thu, 01/08/2015 - 11:00 | 5636811 Bernoulli
Bernoulli's picture

Although it certainly feels otherwise, this shit-show can't go on forever.

This belief is keeping me sane.

Thu, 01/08/2015 - 11:45 | 5637061 amadeus39
amadeus39's picture

Remember, you are a part of the shit-show and you certainly can't go on forever either. My bet is on the shit-show outlasting you.

 

Thu, 01/08/2015 - 11:00 | 5636814 Dr. Engali
Dr. Engali's picture

Stupid shorts fall for it every time.

Thu, 01/08/2015 - 11:08 | 5636859 DeadFred
DeadFred's picture

If you shorted at the top (which has been incredibly obvious on the last few tops) and stop out part part up the rebound you're making good money. I think the seals are being trained for a new trick. But I'm kinda paranoid.

Thu, 01/08/2015 - 11:30 | 5636981 Dr. Engali
Dr. Engali's picture

Good luck picking any top or bottom. It's the same as it has been, sucker in the shorts and squeeze the shit out of them.

Thu, 01/08/2015 - 11:32 | 5636996 sk00lb0y
sk00lb0y's picture

yeah man! and if you buy at the bottom and sell at the top u do real good too.

Thu, 01/08/2015 - 11:00 | 5636816 Cognitive Dissonance
Cognitive Dissonance's picture

The addict is always beholden to the dealer. And the dealer is entirely dependent upon the addict.

A classic symbiotic relationship that ultimately destroys both parties.

Thu, 01/08/2015 - 12:22 | 5637226 Alananda
Alananda's picture

Yes, indeed.  NOW, who sets up this disastrous game?  With opioids, cocaine, and methamphetamine we discover the heavy hand of TPTB.  I wonder WHO is is equivalent PTB for the "money trade"?  Any cluesx you can offer CD would be greatly appreciated.  Do name names if you can.

Thu, 01/08/2015 - 10:59 | 5636817 mayhem_korner
mayhem_korner's picture

 

 

The only thing that matters is that the stawks keeps rising.  All malinvestment stains are washed away by the resurrection and ascension of the Dow.  It's like the lamb of Yellen.

Thu, 01/08/2015 - 11:01 | 5636828 Charles Nelson ...
Charles Nelson Reilly's picture

Playing with the queen of hearts
Knowing it ain't really smart
The joker ain't the only fool
Who'll do anything for you

-Juice Newton

Thu, 01/08/2015 - 11:03 | 5636837 Everybodys All ...
Everybodys All American's picture

Almost every big day move higher is accomplished in the pre market. Total cluster of deceit.

Thu, 01/08/2015 - 11:05 | 5636840 mayhem_korner
mayhem_korner's picture

From CNBC:

"Three things are driving the market significantly higher this morning as a follow on to yesterday's strength," Art Hogan, chief market strategist at Wunderlich Securities, said.

"First and foremost, continued stabilization in the energy market; number two, after the close, Fed President Charles Evans commenting that the Fed may not move until 2016 put a bid in futures last night and that that's holding this morning, and third anticipation that the ECB will actually start outright quantitative easing at their meeting, which is later this month," Hogan said.

 

Basically preaching truth that the CBs are propping up the market with their perpetua ZIRP and QE (euro-remix).  The days are long past when stock prices were based on earnings, business strategy and market fundamentals.

Thu, 01/08/2015 - 11:08 | 5636854 FreeShitter
FreeShitter's picture

Easiest market ever to make money in...wait for the fed mins or old yeller himself to appear on the jew tube. Why work when its this easy.

Thu, 01/08/2015 - 11:08 | 5636857 Tsar Pointless
Tsar Pointless's picture

I called yesterday's jawboning on Tuesday. Nailed it!

Thu, 01/08/2015 - 11:11 | 5636876 mayhem_korner
mayhem_korner's picture

 

 

Did you pick the Royals in the Series this year?  And what was your payout?  Jus wunnerin if your powers of prognostication are infallible.

Thu, 01/08/2015 - 11:09 | 5636864 mattgallis
mattgallis's picture

boo-yah!

Thu, 01/08/2015 - 11:22 | 5636944 Shitgum Suicide
Shitgum Suicide's picture

What I have found disturbing is people who have all their wealth and savings in the stock market they can't name any businesses that are doing well. They just parrot the meme of "stocks go up and down over time. You have to diversify.
Diversification is fine and dandy but when they don't understand that the gain in stawks is from fed manipulation and having nothing to do with a healthy business environment they just sound like a parrot.
Try asking them what a bail-in is and they have a dumbfounded look. The funniest part is explaining to them what a bail-in is and all of a sudden they don't seem to be so optimistic about the market.
I gets even better when you explain WHY there will be bail-in's and that not so optimistic look turns to fear.
The sad part is that they usually never bring up the topic again but continue to listen to the media about how to invest. It's a thankless job trying to awake the public.

Thu, 01/08/2015 - 11:49 | 5637081 amadeus39
amadeus39's picture

Why do you try?

 

Thu, 01/08/2015 - 11:31 | 5636980 q99x2
q99x2's picture

While these stupid bankers screw around block chain technology gets off the ground.

Thu, 01/08/2015 - 11:34 | 5637000 Hubbs
Hubbs's picture

Today's stock "recovery" should be the most in-your-face confirmation that the FED and its proxies will, and have to, maintain the stock market at current  levels as it is the only layer of lipstick that has not rubbed off of this pig.

They may have trouble elevating it above and beyond current levels, nor may even wish to do so because it could in theory have the reverse effect of whipping up more destabilizing frenzy, but it looks clear to me that they won't let this market stray very far from the current peak levels...if they can help it.

Thu, 01/08/2015 - 11:53 | 5637090 amadeus39
amadeus39's picture

You state the obvious and they can help it for another year or two at least.

 

 

Thu, 01/08/2015 - 12:05 | 5637136 Q-Q-Q
Q-Q-Q's picture

"Hello Federal Reserve"

 

"Hi it's CITI, we need the markets levels for next week please"

 

"No problem, I'll email them over"

Thu, 01/08/2015 - 12:07 | 5637156 venturen
venturen's picture

Head meet shoulder... The end game is upon us. 

Thu, 01/08/2015 - 12:14 | 5637177 amadeus39
amadeus39's picture

Don't believe every chart you read. Figures lie and so do charts.

 

Thu, 01/08/2015 - 12:18 | 5637195 Father Lucifer
Father Lucifer's picture

Technical analysis of the market is now no better then Elliot Wave analysis. Trading has become a field littered with landmines of Fed Speak, QE and ZIRP.

There wil be another Hindenberg Omen today as price totally conflicts with market breath.

Thu, 01/08/2015 - 13:05 | 5637471 I Write Code
I Write Code's picture

I think I've got market breath, too.

Thu, 01/08/2015 - 18:44 | 5639102 noben
noben's picture

Other than having a name that won't make you friends, you are correct.

To your point... it makes me wonder why even why even bother with any economic blog site (even this one), if it only gets you depressed or raises your blood pressure.  And then I wonder if simply preparing for the worst and living life isn't the way to go.

Or, as someone once said: "Lord give me strength to change the things I can, the serenity to accept the things I can't, and the wisdom to know the difference".

Thu, 01/08/2015 - 12:37 | 5637309 Ewtman
Ewtman's picture

Whatever slight short-term effect Fed-speak has on markets will not affect the long term. The Dow and the S&P have corrected to just about the right level. A 300 point day may seem like a positive advance, but a new and strong downturn will begin late today or early tomorrow.

 

http://www.globaldeflationnews.com/sp-500-indexelliott-wave-update-for-w...

 

 

Thu, 01/08/2015 - 17:11 | 5638758 amadeus39
amadeus39's picture

please define short/long term and be more specific regarding amounts.

 

Thu, 01/08/2015 - 13:01 | 5637453 NOZZLE
NOZZLE's picture

Watch them start playing with the crude market.

Thu, 01/08/2015 - 17:12 | 5638764 amadeus39
amadeus39's picture

what do you mean by "playing?" PLaying how? Exactly how is them playing?" Are you sure they are playing?

 

Thu, 01/08/2015 - 13:08 | 5637490 Jumbie
Jumbie's picture

Does anyone know ANY plebe/Schwab/TDA investors who are buying long these days?
ANY low-wealth people at all?
Or is it 99% member banks' investment arms?

BTW, LOL:
"The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System."
- http://www.federalreserve.gov/faqs/about_14986.htm

http://www.globalresearch.ca/who-owns-the-federal-reserve/10489

http://www.save-a-patriot.org/files/view/whofed.html

Thu, 01/08/2015 - 13:12 | 5637516 I Write Code
I Write Code's picture

I think Yellen must be reading ZH, everybody here was moaning about low volatility, well, now we've got volatility coming out our wazoo.

But where is it going? I think nobody knows. I think the Fed has lost control, they did not want interest rates this low, maybe it's all those euros fleeing NIRP.  I think the original plan was for the Dow to be kept between 17000 and 18000 for all of 2015, while rates rose slowly.  Now, it looks like it's for up.

Maybe the unexpected plunge in oil prices is part of that, it should be overall great for the economy (not the frackers of course), so maybe the Fed has revised their spreadsheets and put another couple thousand points in their market plans.  Maybe they're even happy about the NIRP money coming in, that replaces QE and then some, in the markets.  Of course it has no effect at all on main street.

The market will random walk, it seems, Fed or not, but it is increasingly distant from reality.

Thu, 01/08/2015 - 14:00 | 5637836 Jim Shoesesta
Jim Shoesesta's picture

Repeat after me, I don't give a shit, Im long since 2010. Learn to read a chart. 

Thu, 01/08/2015 - 17:18 | 5638795 amadeus39
amadeus39's picture

OK! Now I get it. If the line goes up I buy more. If it goes down I buy more. Anything else I need to know?

 

Thu, 01/08/2015 - 17:33 | 5638856 luna_man
luna_man's picture

 

 

If, you are not getting "squeezed", you have not been paying attention!

 

things will be coming up roses, for me, soon, and i mean, real soon!

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