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Janet Yellen Saves The Day: Stocks Soar After Fed Chairwoman Tells Democrats To BTFD
Because everyone knows you BTFD when Janet Yellen speaks (and Sell The F**king Shit, aka STFS, out of precious metals in the middle of surging currency volatility and monetray policy chaos...)
Thank The Market Gods for Janet Yellen... Stocks were rescued back above their 100DMAs to prove everything is fine...
Which dragged all stock indices back into the green post-QE3
The big news today was Gold & Silver crushed... Crude new cycle lows... and Swiss Franc slapped hard and put away wet... (oh and stocks bounced)
Stocks started to squeeze after Europe closed (as usual) and then Janet Yellen struck with hints to Senate Democrats that its tiem to BTFD!! Ramped back to unch from yesterday's FOMC but could not hold it!!
Some context for the exuberance today... As Small Caps creep green for the week
Stocks decoupled from rates...
Treasury yields remain lower on the week...
The USDollar fell modestly today led by EUR strength but Swissy was smashed lower again...
Commodities are all lower on the week with silver clubbed today leading the way...
Yet again Crude made fresh cycle lows... (before bouncing back once again)
And Energy stocks tumbled back to that reality...
Silver and Gold really accelerated lower after Crude broke $44 (around the European Close)
Gold tumbled despite the resurgence in Currency vol...
Charts: Bloomberg
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Healthy
BTFAUD. (Buy The Fuckin' Gold Dip)
https://www.youtube.com/watch?v=yloaBw80fV4
BTFATH (in 2 weeks), or get Scrooge McDooge with a couple of Silver Eagles at (near) all time lows?
Farce.
I've got your back, so BTFD. We central bankers don't lie, so c'mon, just trust me.
Ignore:
and anything else we've said that wasn't true.
- Mr. Yellen
She told the Dems I got your back is not a lie, that's encouraging the base with free money.
Is she setting up Dems to be the biggest bag holders of all times? Why trust her?
I call bluff. Rates are not rising and the market will continue to tank.
Yes, I agree Walkure.
However, I am just about broke from calling their bluff for the past 8 years...
You can't short this crap. I know, I've tried myself. The house always wins. But I wouldn't be caught dead going long any of their manipulated stocks. Only insiders or maybe holders of seed stock and even that ratio is 1 out of 25.
Lack of Fed QE has dried up liquidity even more. Markets aren't allowed to go down, rates aren't allowed to rise. Fed is playing this market tightly and nobody ever cash in.
The first chart shows everything you need to know. You have to be a special kind of retard not to understand the desperate manipulation at hand.
Guys, I'm with you all on being suspicious of equity valuations. They're just seemingly nonsense, at least to an old-timer like me who used to see real earnings and discount rate relationships, be able to grasp P/E expansions and contractions in some (then seemingly not even all the time) rational way. So I haven't ridden any stawlks. But, gotta tell y'all, gettin' some longer term income locked up over the last few years startin' to look like a pretty good decision. And I'm a thinkin' that still buyin' some is gonna pay "dividends" (bad pun and wasn't intended) as we trudge the unhappy road of NIRP destiny.
And in doing so, I am comfortable with a good sized PM position against Big Assed Tail Risks that are gonna come true one day with all this Global Beggar Thy Neighbor Currency Debasement.
Other ideas.... do not be leveraged in any real asset positions like real estate. Deflationary trends is notchur friends.
Ag commodities .... for a spec, I been makin' a real small but growing position in Ag commodities. No rain in CA is not on anybody's radar but those of us in or with relatives in the Ag business.
To Give You All An Idea of the Water Deficit.....
We're short multiple trillions of cubic acre feet of water out here. So far this year we've gotten a few million cubic acre feet. As in don't mean shit. Period
Reservoirs are empty, as in bone dry.
Well water tables have dropped below well depths. aka, Dry
CA is one of the world's biggest Ag producers, bar none.
No water, no Ag from fruits to veggies, from hay to cattle, to milk, you name it.
If Mother nature and the Good Lord don't get us some rain, lots and pretty damned quick, there'll be hell to pay in Ag product pricing land
Why not in the news?
Because what rain we've had's been enough to green hills and fields, so folks (thems that can't open accounts on FarmersOnly.com) look about and think "shit's green, no problem".
So the common guy in SF. LA, etc., who've got water.... piped in from the Sacramento River area, Colorado River, etc.... where the newspapers and televisions are produced.... think shit's OK
It ain't.
A problem's not a problem till it becomes a problem
This is a problem
Just ain't become a problem, YET
So I've got nothing to do trading wise, etc., until the "Shadow of the Crisis" passes, This Black Swan has yet to be felt, kids.
So I've only snarky comments left.
I'm thinkin' XL is a headfake. The pipe will actually run from Lake Michigan straight to Californy. Oil my ass.
I like the way you think.
I don't need veggies or salmonela from California so I don't care if you don't grow it. Looks bad for you but the rest of the country has other places to get veggies.
Just remember you will be competing with all the other people who WOULD buy the products that California produces.
pods
yes, like lesbians and fur lined jock straps
>>>I'm thinkin' XL is a headfake. The pipe will actually run from Lake Michigan straight to Californy. Oil my ass.
And Lake Michigan is 100% American, so those Canuckistanis will never know what hit them!
This is going to be so great! Winning!
Low on water? Like, for the toilet?
I thought you were talking about silver , Knuck. Ag commodities, I'm thinking why didn't he just say silver eagles?
CA is one of the world's biggest Ag producers, bar none.
CA WAS one of the world's biggest Ag producers, bar none.
Fixed it fer ya.
Long Canned Foods...Meats, fruits and vegetables....Also Buy Rice, Beans, Dried Dairy, Flour, Sugar...and WATER.
It is the best inflation hedge available....and you can eat it.
Rotate stock and replace that which is consumed...Cost average.
Have at least 90 days of stock per family member, bare minimum...
Your survival may depend upon it. You also need Fuel, Candles, Lamps, Batteries, etc. Prepare for a Three Month long Hurricaine, or, Blizzard event. (Economic Storm that is...)
"Hand in hand as we trudge the road to happy destiny"
Brother knukles, Throughout your comments I find bits of knowledge from a Big Book it seems we both have studied.
A useful and whole member of society.
Who'd a thunk it?
:)
Pull the plug on HAARP and normal cycles will return. Search it and think RF is to the magnetic field// jet stream as grid bias is to an amplifier circuit.
The net is they are fucking up the weather patterns.
I feel your pain. Forced to take both pills now. I feel like Elvis toward the end of his career.
Poor Elvis. Too much Oxy, not enough stool softeners.
What's the most commonly heard phrase by Obola at a gay bar?
Mind if i push your stool in?
Fudgepacker!
blue suede stools ....
Financial “Idiocracy” has finally caught up to religion “Idiocracy”
Astounding……. But not surprising!
Here we have many arrogant gamblers, labeling themselves investors (LOL), questioning the political and economic structures, all while believing that their financial schemes, instead, can change the course of this bleak, empty Empire. Go figure!
Beans, Bandaids, and Bullets
Wonder why?
First: Energy
The data below is barrels of oil per day per rig.
Middle East
2000 Average: 140,144 / 2014 Average: 59,945 = Decline of 57%
US:
2000 Average: 6,465 / 2014 Average: 4,577 = Decline of 29%
World
2000 Average: 36,148 / 2014 Average: 21,698 = Decline of 39%
http://peakoilbarrel.com/rig-count-drilling-less-oil/
Second: Finance
In 2015 AD, humanity condenses into a single couple of superhumans.
While increasing the total debt by $1 provides an at least $0.01 growth in the nominal GDP (immature debt), the system can grow by exponentially increasing the amount of new borrowings.
When the growth in the nominal GDP per $1 of new debt becomes zero, refinancing the accumulated debt and interest becomes impossible, and the system implodes.
http://2012wiki.com/index.php?title=Novelty_theory
She is from the very very progressive some might even say communist city of San Francisco. Do you really think she would set up her friends for a free fall. Case closed. Rates are going no where under Yellen. She is as evil and out of control as anyone we've ever had at the helm of the Fed.
SF is not Commie. It's batshit socialist neo-feudal fucking crazy. You can't even live in SF anymore what with rents, property prices, etc.
Only the rich are there.
Well, OK, lots of Cadillac Commies, but most of them have either phenomenal incomes or tax shelter everything.... they's ain't the ones pays for this shit.
Poor moral fiber of most the folks there. Was when it was the Gold Rush outpost and never ever changed, regardless of myth and public perceptions.
who washes their dishes?
Kenmore dishwasher? General Electric?
I totally agree, I think the air is about out of this bubble. Even the bubble is old and wants to deflate. It's time to put this thing to rest and take our medicine.
when the sun shines, UV takes its gradual toll...
It's just me, or these jawbonings from FED and ECB are really not as effective as were in the past?
The ECB Q€ in current form is jawboning.
you sir, are correct!
no capitulation from the Fed... yet.
"reflate or die!" screamed Yellen, as she charged the oncoming shadow of the deflationary army.
Do you not remember that 7 day rally that was like 1100 points on the dow?
You mean the rally that was lost about a week and a half later? Remember how for the past three years during QE we had almost no notable stock volatility, and now the markets are hit 1000 points from week to week? Something has definitely changed for the worse and the banks are not propping up equities like they were.
What is your point and why are you asking me this? The post i replied to said they don't think the fed is capable of causing any rally now and I reminded them, or asked, if they remember that huge rally that sent the dow up 1100 points in just 7 days. Did it sell off? Of course it did and just like after the fall before the huge rally was driven right back up to new highs. SO once again, what's your point?
The first test will be to see if they can get a second day's rally out of it. If not they're in for some hurt. BTFD is losing its punch IMHO
fred, well then if jawboning becomes ineffective, then of course they will actually do as they say.
qe a coming...
Yes. . . but . . . the Fed isn't (w/any transparency) conjuring after the words . . . so they are just words. ECB's QE isnt as forceful as Japan/BoE/Fed.
Eventually the system will fail. But I think we've got QE4 and QE5 yet to go, and NIRP on the US 10-year down to -1%. In other words, 2017.
https://www.youtube.com/watch?v=zKhEw7nD9C4
Yep. Gold and silver buying time. 70 oz. Ag, 1 oz. Au
Rolling rolling rolling
holy shit i just woke up. first time a ZH "crushed" has been an actual crush in a long time. jesus. good thing i like low PM prices.
Need a better acronym bud the aussie dollar not looking good with china slowing down.
I missed the Yellen "BTFD" announcement. Did ZH report on it?
Yup, and Yellen used Chuck Schumer of all people for the leak, yikes!
I'm pretty sure she's a NY Democrat.
And a tribe member, just like Chuckie.
May the SCHWARTZ be with you young Jedi!
Things must have been getting serious if they had to bring out the big bag, er, gun.
And WTF was her reason to 'BTFD'....what do we got QE8 on deck tomorrow?
Fuck I loath and despise these parasites!
Are you antisemetic?
No he said he's antiparasitic
I'm thinkin' ur prolly splittin' hairs here...
I cant find anything on any other site. I am usually keenly aware of fed speeches. I dont think I believe this one.
A lie a day makes the banksters healthy, wealthy and....you can only take this one so far.
..and corrupted, fraudulent, freakish liars?
Ooops. I did not want to be construed as being hyperbolic so perhaps my description is too conservative?
the stock casino is FAKE! i bought some more silver today..
Agreed.
Anyone wanna comment on what a fair premium over spot for gold or silver is today?
I'm expecting a bad reaction to GDP tomorrow. Doesn't mean it'll be a good or bad report, its all BS, just how the market reacts.
They're probably pumping it for disappointment tomorrow.
I don't know about you guys but I'm getting pretty good at following the picture strips on these day-end recap articles.
The "market" goes up, the "market" goes down. I just watch for the crash, the real crash. Everything else is just noise.
It's pretty clear the recent Bloomberg website redesign tooks cues from this ZH innovation, but went too far with an impossibly garish blue color scheme. Par usual, immitators come up a bit short.
The whole site sucks of business insider .... think they 86ed the comment board too.
BBG is nothing but a Propaganda Outlet alongside CNBS, etc.
It is detestable when the editorial pages are found in news articles.
The most hilarious/frightening story on the Bloomberg homepage is that Lindsey Graham has formed a presidential exploratory committee.
And why the hell not, someone has to put the repuglican party out of its misery. Might just as well be a repuglican rather than a dimwit...
The old BBG site was much better. The new site is for dyslexic retards, that read from right to left while scanning their Faceplant page.
Resembles the Sesame Street bulletin board my kindergarten teacher was so fond of.
lol
Most important that they delete comments in Bloomberg
What's a Bloomberg account. Bloomberg is lucky they're getting my "hard earned" c(x)ash for BBG terminal access.
The devilish skull and bones on the crude porn chart definetely a nice touch
Those are dead kittens.
I thought so too. I think I'm going to steal that for my engine failure reports I write for work. "Irreversable connecting rod bearing death spiral starts here" insert skull and bones on oil pressure & coolant temp vs time chart. Lol
Defend S&P at 2K at ALL costs, even if it costs the lives of millions.
dow with a 16 handle
on friday...
Won't matter....words words words...FED QE is over for now. We will be authoritatively below 2000 in months until they start taking about more QE at end of year.
Insider trading much?
Now children, everyone follow the bouncing Fed Head...
if only martha stewart had won that election, she never would have set foot in jail..insider trading it's for our over lords er senators.
Jawbone jawbone hambone hambone.
ONE BIG SHIT SHOW.
Why would Yellen speak to just Democrats?
Goldman Sachs could not pay her the $250K i guess!
Independent FED! "Blue House dwarf loves Anacot Steel" Fucking scum...
AMZN and V beat so everything is fixed, (ignore that GOOG missed). Dow to the moon
Yes, because using a credit card to buy crap is "good".
Just like the Internets have improved the human condition.
Dead cats! I see dead cats!
A global Walpurgisnacht is coming.
http://wiki.puella-magi.net/Walpurgis_Night
Haaaaa! I see you possess great discretion and taste.
The biggest slave market ever, and under the guise of legal government and industry!
I'll bet the GDP print tomorrow is going to be really good! I want to see Mr. Yellen eat some crow.
This proves they are out of tricks to keep this dog and pony show going....it's almost over
jawbone connected to the________, ha....
DOW 18,000 on the way to 20,000 and then 30,000 by the end of 2016.
We have a very strong market! Jack Yellen has spoken and the rest of the world will infest what money they have into the USSA. Nowhere else for the money flood to go. It's all good, always BTFD you can not go wrong. The un-fed can not be stopped, they are the masters of the universe, you have been warned! Ignore at your own peril!
We departed the real world long ago!
FUBAR!
Note the shrinking time between verbal intervention . . . . . . . . . makes me strongly consider the Fed has been cut off. A whiny little kid that's been grounded crying and bitching from his room throwing a tantrum. BOJ also backpedaling. ECB still hasn't actually put QE into literal motion. Come on fellas something's shakin'.
Panic in the house. Everybody starts to understand that either FED will raise rates, which is deadly or FED will not raise rates, which means more than half a decade of massive intervention didn't work and they are stuck.
The day will come when very bad news is actually very bad news. Soon. Very soon even...
we kiked some folks
+1000
the fiber optic links between the FED's West Creek Operations Center and the CME were running hot today.
The donkeys need to be shown what to believe regarding Mr Yellen's remarks.
By June they'll be leaking about printing again.
June? They are so incontinent it won't take that long
I always thought that during & after the Made-off incident, that the Goy would wake up and smell the coffee, instead of the steady stream of Hollywood nitrous. Guess I was way wrong.
All parabolic moves end badly... except those manipulated by the Fed.
Another day of hapless henpecked horizontality until algos spotted fresh buy orders in Congressional retirement accounts and piggybacked onto the YMMV trade (Yellen Market Micromanagement Vibe).
so they're not raising rates soon? Well, color me confused. Didn't the Money-Midget just say a few weeks ago that they were on track to raise rates?! Whocouldaknowed?!
I'm thinking I need to hide some money around the house. This fuckers going down.
"Money-Midget". Now THAT's pretty damn funny! An upvote for Madcows.
Madam Money Midget to you.
Years over due - audit the fed before they can scurry away with the loot.
its not her drivel speak that moves markets, rather the "seafood medoly" aroma that fills the room when she opens her mouth that gets the markets up.
Okay, I think I'm getting it. Just one question, though...which way does the market move when Yellen farts?
thats a way upwind move
Yes.
mission accomplished: congress can spend-low cost financing, stawks can run again.
soon as ten pierces 2 , rate increase will be back, ha...
So now the US banksters start a fighting war with Russia. When all else fails they take us to a war.
Treasury going to start massive auctions of thirty, sixty and 90 day notes starting Monday.
36 billion or there abouts.
Good luck backtracking on normalization with those numbers.
Even a HINT of inflation could send those yields soaring I would think.
then they will jawbone the rate increase.
stawk drop, jawbone qe.
back and forth.
how long til something gives-i dont fucking know, ha...
This is patently false, have a down vote.
JBTFDYI eom
Ma Barker has nutin' on Grandma Yellen.
Fed will start talking about a new round of QE. This time much larger than $85 trillion/month.
How about $170 trillion/month?
Wouldn't the quote be "immenently" as opposed to "immediately"? Just wondering the source was Schumer or ????
jew to jew, who knew? gotta do it in your face what rabbi judge would give a hoot. as long as god's people keep the loot?
You could go skiing on that dip.
Going to be a Financial bloodbath soon. À
I missed that announcement but I bought XIV today while the market was screaming higher and getting an obvious pump from the fed. Dow was up 150 and everything appeared to be getting pumped more yet XIV was still red by a few cents. I said, "ok, thanks for lagging and setting up a very easy to read trade." Now I see Yellen Cunt said to buy the dips, the fucking dips???? Woooohoooooo Maybe I'll hold XIV for a few days. I could just trade UVXY and XIV for a living and be happy. Although I did very well with my shale(WLL and OAS) puts, fuck options with this back and forth zig zagging shit. I'll just make a living out of playing the vix both ways. Yea, I'm bi when it comes to the VIX. I'm Bivixual
One woud think the market players would get wise to how THEY are being played.
You know it's getting URGENT, when the WINCH CRIMINAL, has to take time away from that all important beauty salon appointmen to move the markets!
No matter, NOTHING, can prevent the outcome of what these CRIMINALS, have done to this world.
prepare yourself...you know, like some of those people, we only read about...MISERY coming our way
The looming crisis in the other bond market : Emerging market bonds.
http://uk.businessinsider.com/r-falling-angels-could-hit-260-billion-of-...
This will not help. As the currency wars eat away the hopes of economic growth in EM, the result is this move to downgrade their bond markets.
Where will all the hot money go ?
If its to the USd and US stocks; Mama mia, its becoming a one horse town with all the burden on a US nag that is looking like it will get shagged to death, all pumped on steroids.
Electric horseman !
what if the big red barn starts on fire? nags on the loose, ha...
Its a 5 wave triangle. Has nothing to do with Yellen. This is why ZH is always wrong, they don't understand price action.
What do surfing moves have to do with "price action"?
lol, This is this is the next wave of(retarded ZIRP) money managers that we have to look forward to.
Define RISK to me Jr. ~ You can't because you don't know what RISK is!
How can anything be called a "market" anymore?
It is merely a price index controlled by a bunch of unelected former college professors in charge of the U.S printing press.
Sad days for Amerika. The crooks are in complete control from top to bottom.
It truly is sickening to behold and considering the number of people out of work and under employed it is very sad to see this once great country being led around by such incompetent bastards.
Still looks like it's rolling over to me...
Despite the instructions to Buy the God Damned Fucking DIP!
time for an american spirit(black pack), anyone care to join?
It lloks like the heroin fix is producing less of a market "bump up" after each subsequent Fed bankster BTFD statement..... just sayin.
It appears Mr Yellen speak out both sides of s/he mouth. All Fed credibility is completely gone. The fear of the impending crash is palpable.
Is that a h&s in the first chart????? lol
Guys: Understand how the typical stock market alogirthmic buy programs have been working during this 5 year+ bull market:
1- Markets (S&P) Trading above key daily/weekly moving averages such as 50/100/200 MAs
2- Market oversold on hourly charts (90/120/240s) testing key pricing support levels along with divergences with key TA indicators.
This equal market ramp such as todays 200+ DOW move.
Yes. Many algos are built to capture spams from steriods. Yawn - yet many preys still blabber on with right prices for paper assets that are based on their pains and dreams.
Oh and by the way: How does Mrs. Yellen know what they will be doing in the future? Do they already know the outcome of the FOMC meetings beforehand? There's something happenin' here... https://www.youtube.com/watch?v=gp5JCrSXkJY
I said it before but when a nation depends on a rising stawk market to make the situation seem normal, well it's just sad and pathetic
What a gift for metals stackers, as the house of paper pulp fiction shit gets bulldozed over the reality cliff. Yes debt is wealth and toilet paer is money! ahahahahahahaha
Can't we have a SINGLE DAY where the market is not manipulated by the Fed ????
And on the 8th day, the Fed rested.
uh.. No.
Not anymore....ever again....until the GIANT RE-RACK
WAR.....AND NOT THIS CHICKEN SHIT FROM AFAR/DRONEOBAMA/GROUND POUNDERS...
ICBMS....REGIONAL TAKE OUTS OF ENTIRE PENINSULAS ....
A COUPLE LOBBED IN FROM THE MAJORS...BANKERS AND BILLIONAIRES PLAYING BOTH SIDES AT THE START...
BUT THEY THIS TIME, ARE TARGETED, USED, THEN TAKEN OUT...
THEN...A BETTER SYSTEM IS PUT IN PLACE...SOVERNITY TO NATIONS...
...BUT I DRINK JAMAICAN RUM...AND DREAM ALOT....SLAP ME
Lets have another stack of those Hindenbergs, for fuks sake.