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Bullard's Back (But Stocks Ain't Buying It... Yet)

Tyler Durden's picture




 

Fool us once? Here we go again...

  • *BULLARD: FED COULD RESUME UNCONVENTIONAL POLICY IF NEEDED
  • *BULLARD SAYS LESSON OF QE IS IT WORKS `FAIRLY WELL'

For now the market is not reacting...

 

 

Some more Bullard comments...

  • *BULLARD SAYS WAGES ARE LAGGING INDICATOR OF INFLATION
  • *BULLARD SAYS HE'S NOT EXPECTING `EXPLOSION' IN WAGE GROWTH
  • *BULLARD SAYS HE EXPECTS UNEMPLOYMENT WILL FALL BELOW 5% IN 2015

 

 

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Fri, 01/16/2015 - 14:50 | 5671249 BullyBearish
BullyBearish's picture

F^%* You

Fri, 01/16/2015 - 14:51 | 5671261 El Vaquero
El Vaquero's picture

Can somebody please put a ball gag on Bullard, dress him up in a leather suit and store him in a trunk in the basement of a shop run by some creepy fuck named Zed?  Please?

Fri, 01/16/2015 - 14:53 | 5671270 McMolotov
McMolotov's picture

"Bring out the Gimp."

Fri, 01/16/2015 - 14:56 | 5671286 pods
pods's picture

Gimp's sleepin.

Fri, 01/16/2015 - 15:00 | 5671313 kliguy38
kliguy38's picture

These guys must be laughin their asses off when they pull this BS.....I'll bet that perv is whackin' off watchin' right now...hehhehhehe

Fri, 01/16/2015 - 15:09 | 5671356 SickDollar
SickDollar's picture

watch the tribe doing something to the market at 3:59 pm today

Fri, 01/16/2015 - 15:15 | 5671378 Dr. Engali
Dr. Engali's picture

"Market"...... Lol.... you crack me up.

Fri, 01/16/2015 - 15:16 | 5671396 El Vaquero
El Vaquero's picture

'Market' is just a euphamism for 'rigged casino' these days Doc. 

Fri, 01/16/2015 - 14:56 | 5671297 MarketAnarchist
MarketAnarchist's picture

Sorry Bullard, the lesson is that all governments are parasites that continually expand until they crush their hosts (the productive, voluntary market exchanges of the citizenry)

Fri, 01/16/2015 - 15:31 | 5671460 nope-1004
nope-1004's picture

 

 

*BULLARD NEVER ACTUALLY SAID ANYTHING.  FED HAS A PR DEPARTMENT THAT BRINGS OUT VARIOUS 'NAMES' AT CERTAIN 'TIMES' TO STEER THE SO-CALLED 'MARKET' WITH ALGO INFLUENCING 'HEADLINES'.

Fri, 01/16/2015 - 14:57 | 5671306 Dr. Engali
Dr. Engali's picture

That's raycisssst

Fri, 01/16/2015 - 15:02 | 5671326 agstacks
agstacks's picture

or a pair of pliers and blow torch..

Fri, 01/16/2015 - 15:07 | 5671344 El Vaquero
El Vaquero's picture

A glass rod, a hammer, a short piece of 1x2, a staple gun, lots and lots of water, a beer bong and a diuretic. 

Fri, 01/16/2015 - 15:28 | 5671448 hangemhigh77
hangemhigh77's picture

nailgun

Fri, 01/16/2015 - 15:54 | 5671559 TheReplacement
TheReplacement's picture

A fence post, a rope, and a goat.

Fri, 01/16/2015 - 14:56 | 5671294 Savyindallas
Savyindallas's picture

They'd be a perfect match. Zed is likely Bullard's sexual fantasy. I'd like to see Zed have his way with Mr. yellen. 

Fri, 01/16/2015 - 14:59 | 5671315 El Vaquero
El Vaquero's picture

"I'd like to see Zed have his way with Mr. yellen. "

 

I've seen some really fucked porn in my day, but that is just over the top.

Fri, 01/16/2015 - 17:22 | 5671933 motorollin
motorollin's picture

That's 'bull gag'.

Fri, 01/16/2015 - 15:28 | 5671447 Neverstopprintingme
Neverstopprintingme's picture

this combined with that trial balloon ny post hack about nirp...it is coming folks!!! get your physical gold.  although when the gestapo begins rounding up valuables probably won't make much of difference.  who loves the handringing the last 5 days on the markets?  all of that for a 3% decline!!!!  they'll have us back to 2100 on the s&P by weds.  buy spy calls at will....the fed is.

Fri, 01/16/2015 - 15:32 | 5671459 NMFP
NMFP's picture

Bullard stick a cock in it you cunt

Fri, 01/16/2015 - 14:49 | 5671251 KnuckleDragger-X
KnuckleDragger-X's picture

the bullshit is strong in this one......

Fri, 01/16/2015 - 14:52 | 5671272 Eternal Complainer
Eternal Complainer's picture

Bullardshit!

Fri, 01/16/2015 - 14:50 | 5671253 RhoneGSM
RhoneGSM's picture

Algo's were OTL. Wait till the're back.

Fri, 01/16/2015 - 14:53 | 5671264 101 years and c...
101 years and counting's picture

fires are burning.  pissing on them wont put em out.  keep trying though.  its funny for those that are tired of the rampant bullshit and destruction of capitalism by the fed.

Fri, 01/16/2015 - 15:52 | 5671548 Winston Churchill
Winston Churchill's picture

Swissing on them, is more like it.

Looks like the SNB did more than just destroy their own credibility.About time.

Now its put up, or shut up.

Fri, 01/16/2015 - 14:53 | 5671271 indygo55
indygo55's picture

It works,,,,, for them that is.

Fri, 01/16/2015 - 14:57 | 5671274 Dr. Engali
Dr. Engali's picture

Bullard says.... Please China, don't unpeg your currency.

Fri, 01/16/2015 - 14:54 | 5671276 pods
pods's picture

Just wait, by this summer, the whole Western World is gonna uncork one like after a night of Genny Cream Ales with a Taco Bell night cap.

pods

Fri, 01/16/2015 - 15:07 | 5671345 moonman
moonman's picture

Ahhh Genny Cream Ale.

Reminds me of Halloween at Stoneonta

 

Fri, 01/16/2015 - 15:26 | 5671424 Bunghole
Bunghole's picture

Cincinnati had it's Little Kings in 7 oz glass bottles.

A case of those between 2 friends made for an awful next day.

Those little bottles were great for pegging road signs while cruising at 40 mph.

Fri, 01/16/2015 - 19:46 | 5672368 stant
stant's picture

Used to get case of miller ponys for 6 bucks . Next co over as we lived in a dry co. Sell to anyone with cash those days. Loved hitting those signs on the way back

Fri, 01/16/2015 - 15:39 | 5671466 clade7
clade7's picture

About a year ago, some ZH poster regaled us all with an interesting Gennesee Cream Ale story...from what I remember, a major competitor of Kodak secretly sponsored a 'Corned beef and Genny' night at the local tavern that all the Kodak office people hung out at, had the drink and sandwich prices set ridiculously low so no one could resist, week after week this went on......end result was that the whole Kodak office stunk to be damned and nobody could get a thing done!  Eventually, the intolerable and nauseating daily working conditions put Kodak out of business! 

 

Lesson is, that if corned beef n beer farts could take down a huge multinational, what chance do we have against the real pros?

Fri, 01/16/2015 - 14:55 | 5671280 Uber Vandal
Uber Vandal's picture

Unconventional policy sounds like bail ins and negative rates to me.

Perhaps that Twitter hack was not a hack at all.

Fri, 01/16/2015 - 14:55 | 5671282 LawsofPhysics
LawsofPhysics's picture

QE "works fairly well"?!?!?  Coupled with ZIRP (for those with access to money at those rates) this is in fact a "let the majority eat cake" monetary experiment.

How did that work out last time asshat?

Fri, 01/16/2015 - 15:11 | 5671364 El Vaquero
El Vaquero's picture

Roll, roll, roll the guillotine

swiftly to the fed...

 

Shit, it doesn't go with the tune.  Oh well.

 

Fri, 01/16/2015 - 17:21 | 5671938 Colonel Klink
Colonel Klink's picture

Roll out the guillotine

We'll have a barrel of heads

Roll out the guillotine

We're gonna start with the fed...

Fri, 01/16/2015 - 14:56 | 5671284 FreeShitter
FreeShitter's picture

"Oh just give it a minute, it will sink in"

 

-Agent Hobbs Fast 5

Fri, 01/16/2015 - 14:56 | 5671288 wmbz
wmbz's picture

I realize that if Bulltard were to drop dead of heart failure or trip while running with a nail gun, that he would be replaced with an exact duplicate.

However a person can still dream... For now, could be a memo out against that any day!

Asshole!

Fri, 01/16/2015 - 14:56 | 5671290 pragmatic hobo
pragmatic hobo's picture

should change his name to fuck-tard.

Fri, 01/16/2015 - 14:56 | 5671293 John McCloy
John McCloy's picture

Words and words...all they have remaining.
We all now QE 4 is coming...it has to...we also know it can't come without a massive drop in the markets.

Fri, 01/16/2015 - 15:03 | 5671336 disabledvet
disabledvet's picture

What good will it do?

The economy has never recovered. Sure...Wall Street has gone to the moon...but now they're out a couple hundred billion as the SNB implodes and oil production goes through the roof.

Oh, and...now the French have waged war on Islam. "Welcome to the sandbox."

I fail to see how France can go to war in the Middle East and still be in the euro.

Fri, 01/16/2015 - 16:49 | 5671808 TheReplacement
TheReplacement's picture

The point isn't what good it will do.  The point is what good can you do knowing it is coming.

Fri, 01/16/2015 - 14:56 | 5671295 firstdivision
firstdivision's picture

BULLARD SAYS WAGES ARE LAGGING INDICATOR OF INFLATION

 

HAHAHAHA!  Deal Bullard, please explain everything post 1999 then http://research.stlouisfed.org/fred2/graph/?g=XmK

Fri, 01/16/2015 - 14:59 | 5671305 gmak
gmak's picture

Prices DO move before wages. This is why deflation is better for us working stiffs than inflation.

Fri, 01/16/2015 - 16:06 | 5671603 gmak
gmak's picture

Are you going to believe the Fed on this?  Wage increases are always trying to make up last year's inflation - if the '70s were any indication. It took a while (due to labour contracts) for the unions to get forward-looking on inflation, which created more inflation of its own and thereby was self-defeating.

Fri, 01/16/2015 - 14:56 | 5671299 Lax Accounting
Lax Accounting's picture

At this point isn't it conventional policy?

Fri, 01/16/2015 - 14:57 | 5671302 czarangelus
czarangelus's picture

*BULLARD SAYS LESSON OF QE IS IT WORKS `FAIRLY WELL'

This is like the third time today I've disturbed my coworkers with hysterical laughter. Stop it Zero Hedge. You're gonna get me fired.

Fri, 01/16/2015 - 16:51 | 5671815 TheReplacement
TheReplacement's picture

Consider what he means by it works before you laugh.  What are THEY trying to accomplish? 

Not so funny now is it?

Fri, 01/16/2015 - 14:58 | 5671309 asteroids
asteroids's picture

The era of co-ordinated central bankster interventinon is over! Price discovery will return! Stocks and bonds, which are grossly overpriced, are going to come crashing down.

Fri, 01/16/2015 - 15:10 | 5671354 disabledvet
disabledvet's picture

Still need to tix the Banks.  Could be sitting on a couple trillion in derivative exposure tied to the SNB.

 

The FDIC needs to move in here and start auditing the books of these clowns.

 

Citi/Morgan/America Bank here we come...

Fri, 01/16/2015 - 16:01 | 5671586 amadeus39
amadeus39's picture

The FDIC couldn't audit my lunch box

 

Fri, 01/16/2015 - 14:58 | 5671311 john_connor
john_connor's picture

Everyone knows stocks are just waiting to make a move on Euro QE, like it is a "surprise" or something.  I think they like to juice things during the press conferences becuase it makes the CB's look powerful.

 

Fri, 01/16/2015 - 15:01 | 5671316 zappafan
zappafan's picture

BULLTARD YOU MAGNIFICENT BASTARD!

Fri, 01/16/2015 - 15:00 | 5671320 drivenZ
drivenZ's picture

"For now the market is not reacting..."

Am i missing something? this was just posted on ZH but the market has been ramping for the past 3 hours

Fri, 01/16/2015 - 15:01 | 5671324 franciscopendergrass
franciscopendergrass's picture

He should change his name to bullshitard

Fri, 01/16/2015 - 15:02 | 5671330 Goldbugger
Goldbugger's picture

*BULLARD SAYS HE EXPECTS UNEMPLOYMENT WILL FALL BELOW 5% IN 2015

 

Yes and people on FOOD stamps will rise to 50 Million

Fri, 01/16/2015 - 15:15 | 5671353 cowdiddly
cowdiddly's picture

 5.5% and below is considered to be full employment. Its 5.6% according to them now. And rates at zirp. So much for their false mandate.

Before this ends we will have negative unemployment rates and even unborn babies will have a job waiting for them upon exiting the womb.

Fri, 01/16/2015 - 15:46 | 5671529 LawsofPhysics
LawsofPhysics's picture

...and rates will be negative because everything is "fixed".  Yeah, really not much credibility left now.

Fri, 01/16/2015 - 15:28 | 5671335 gmak
gmak's picture

Pretty tough to move a market against the 'specs' on OPEX day.  Watch what happens from 14:30 NYT on. That will tell the tale. 

 

Vol seems to be confirming market move up, though. <shrug>

 

Edit: It's close to 14:30 and vol is moving up slowly while /ES holds in position.  Interesting. To me it suggests that there won't be a move up after all (but what do I know - no one can predict the future. It's just interesting that vol is being bought even though /ES is as well).

Fri, 01/16/2015 - 15:03 | 5671338 Bell's 2 hearted
Bell&#039;s 2 hearted's picture

What are you going to buy, Bullard?

 

You've ALREADY cornered the bond market ... and deficits are shrinking

 

not much to buy ... and Mr Market won't be impressed with a skimpy QE

Fri, 01/16/2015 - 15:14 | 5671388 buzzsaw99
buzzsaw99's picture

they will own it ALL someday. all the stocks, all the real estate, all the bonds.

Fri, 01/16/2015 - 15:05 | 5671339 mattgallis
mattgallis's picture

Fuck Bullard.

Fri, 01/16/2015 - 15:04 | 5671340 allinwood
allinwood's picture

Bullard's bullish bullshit, aint gunna fly nomore, bitchez.

Fri, 01/16/2015 - 15:06 | 5671346 dot_bust
dot_bust's picture

Since the banks are the Federal Reserve, abolish the banks.

"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
--Thomas Jefferson

Fri, 01/16/2015 - 15:12 | 5671369 Dr. Engali
Dr. Engali's picture

There is a lot of truth in that statment, however Jefferson never made it. Another phony quote make it's way around the internet.

Fri, 01/16/2015 - 15:24 | 5671425 El Vaquero
El Vaquero's picture

However, Jefferson did not like banks very much in reality. 

Fri, 01/16/2015 - 15:25 | 5671433 Dr. Engali
Dr. Engali's picture

Very true, which is why the "quote"can be passed off as made by him. 

Fri, 01/16/2015 - 15:12 | 5671375 disabledvet
disabledvet's picture

Tell me about it.

See ya Illinois! Nice knowin' ya!

Fri, 01/16/2015 - 15:08 | 5671352 Panic Mode
Panic Mode's picture

So Bullard, it hurts!!

Fri, 01/16/2015 - 15:09 | 5671355 Eagle Keeper
Eagle Keeper's picture

Fed or anyone else's QE can't stop black swans from appearing.

Fri, 01/16/2015 - 15:12 | 5671371 Bill of Rights
Bill of Rights's picture

The CB'S are providing us with many clues today...the most obvious of course, they have no fuck'en idea what to do.

Fri, 01/16/2015 - 15:46 | 5671521 SheepDog-One
SheepDog-One's picture

Throwing shit against the wall, seeing if any sticks.

Fri, 01/16/2015 - 15:14 | 5671377 Tsar Pointless
Tsar Pointless's picture

Someone here wiith the capability of doing so should put together a nice photoshop picture of a true "American Horror Story" featuring Bullard, Yellen, Bernanke, Greenspan, Obama, Bush the Second, Dimon, Blackfein, and any others that are deemed necessary and appropriate. Or, inappropriate, as the case may be.

Fri, 01/16/2015 - 15:16 | 5671389 Dr. Engali
Dr. Engali's picture

Don't you mean"American Whore Story"?  Same differnece I guess.

Fri, 01/16/2015 - 15:15 | 5671391 ThroxxOfVron
ThroxxOfVron's picture

"FED COULD RESUME UNCONVENTIONAL POLICY IF NEEDED "

'NEEDED' by WHO, and WHY?

How about you assholes cease speculating with our deposits goddamnit!

You wanna bet the house -bet YOUR house.

Fri, 01/16/2015 - 16:00 | 5671578 SheepDog-One
SheepDog-One's picture

And what about 'raising rates'? I guess the Fed just changes their mind like changing their socks? Gee and they're perplexed why people think they're full of shit.

Fri, 01/16/2015 - 15:18 | 5671392 Yen Cross
Yen Cross's picture

   This crap is going to go on for eternity... The CB kleptos are going to keep passing the baton until the serfs are so destitute and hungry that they would rather risk death than be shackled to the current system, and a chance to hang some bankers and politicians.

 

Fri, 01/16/2015 - 15:26 | 5671431 hangemhigh77
hangemhigh77's picture

stfu bultard

Fri, 01/16/2015 - 15:28 | 5671441 Renov8
Renov8's picture

At what point do we say, Enough?

 

 

Fri, 01/16/2015 - 15:30 | 5671455 yogibear
yogibear's picture

When the markets no longer react to Fed jaw-flapping.

They keep on talking the game of raising rates. They know they can never normalize rates with all the US debt.

Fri, 01/16/2015 - 15:27 | 5671442 yogibear
yogibear's picture

The Federal Reserve must be concerned if they bring BullTard out each time.

Acting like the scarecrow for the bears.

The day the Federal Reserve loses control of markets is the day markets become free again.

Unfortunately bank holidays when that occurs.

Fri, 01/16/2015 - 15:31 | 5671458 Eagle Keeper
Eagle Keeper's picture

For cris sakes, we havent even entered correction territory! This 'NOT free market' has turned into the biggest knee jerkin-est cluster fuck i've ever seen. 

Fri, 01/16/2015 - 15:34 | 5671463 kahunabear
kahunabear's picture

Once? You're kidding, right? 

Fri, 01/16/2015 - 15:37 | 5671474 rum_runner
rum_runner's picture

Dear me, the market isn't lapping up the soothing words of Bullshitard?  Is the narrative of central bank omnipotence cracking?  

I just imagine the hard swallow he took when the Dow didn't immediately jump 400 points.  

C'mon, bitch, up the ante.  We need a Draghi-style assurance that you'll do "whatever it takes" to back the markets.  Anything less is a cop-out.

Fri, 01/16/2015 - 15:40 | 5671497 hangemhigh77
hangemhigh77's picture

He is only trying to help. Fuck it, kill him anyway

Fri, 01/16/2015 - 15:41 | 5671506 hangemhigh77
hangemhigh77's picture

when do they roll out the lawn gnome?

Fri, 01/16/2015 - 15:42 | 5671508 SheepDog-One
SheepDog-One's picture

Sure QE 'works fairly well' from the standpoint of market pumpers who only care about their 3:30 market ramps.

Fri, 01/16/2015 - 15:47 | 5671533 orangegeek
orangegeek's picture

QE only works to pump markets when HFTs are working with them.  ICE has banned HFTs as of Jan 14.

 

Ballard is becoming like Draghi - just another useless bankster windbag.

Fri, 01/16/2015 - 15:53 | 5671551 FreeShitter
FreeShitter's picture

Just wait for 175+ million are on foodcards. They aint done yet, not EVEN close to destroying whats left.

Fri, 01/16/2015 - 15:55 | 5671552 khakuda
khakuda's picture

QE works really well at inflating asset prices into bubbles.  He loves crying wolf at the slightest, single digit percent market decline.  Shows what a joke it has become.

Fri, 01/16/2015 - 15:54 | 5671558 Not Goldman Sachs
Not Goldman Sachs's picture

I can't wait until ISIS finds out planners in the Eccles building are "printing" cartoons of Muhammad.

Fri, 01/16/2015 - 16:11 | 5671630 yogibear
yogibear's picture

How pitiful the Federal Reserve has become.

Where they have to resort to a Fed member coming out and threatening QE if the markets drop further.

We can't be that far from a financial event beyond the Fed's control.

Fri, 01/16/2015 - 16:56 | 5671837 madcows
madcows's picture

uh, DOW is up like 190, dude.

Way to Go BullTard.  Thanks for helping me pick that bottom, again.

Let's see... sit at terminal, watch market drop 5% from previous high, trade out of bonds and into stawks, wait for BullTard to speak, watch market rip higher, trade out of stocks after bulltard launch, rinse, repeat.

Fri, 01/16/2015 - 19:35 | 5672347 Coldfire
Coldfire's picture

Useful idiot.

Do NOT follow this link or you will be banned from the site!