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Janet Yellen Saves The Day: Stocks Soar After Fed Chairwoman Tells Democrats To BTFD

Tyler Durden's picture




 

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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Thu, 01/29/2015 - 18:49 | 5722463 Glock274Carry
Glock274Carry's picture

Time for talk is done.

Thu, 01/29/2015 - 19:05 | 5722522 rsnoble
rsnoble's picture

Problem will be what is Plan B?  Not so much that Plan B will involve propping this garbage up but more so what 'event' will be used an excuse for it crashing down.  They have plenty of options.  False flags, blow shit up etc.

Thu, 01/29/2015 - 22:43 | 5723331 Tall Tom
Tall Tom's picture

Yeah...You are right. It's time for buying PMs, food, water, weapons and securing your "Bug Out" shelter.

 

Now if it goes "Mad Max" then it becomes another story.

Thu, 01/29/2015 - 18:49 | 5722465 DebtTheNewEquity
DebtTheNewEquity's picture

Gold silver ratio spiking way up, ie silver falling relative to gold.  Almost at the high for the move, perhaps it breaks above the 76 level soon for a new high for the move, which means... DEFLATION

 

http://www.kitco.com/Gold_Silver_Ratio_Charts/gold-silver-ratio-charts.html

Thu, 01/29/2015 - 18:58 | 5722494 Vincent Vega
Vincent Vega's picture

If this article is factual; Yellen should resign immediately.

Thu, 01/29/2015 - 19:03 | 5722516 rsnoble
rsnoble's picture

From the looks of that chart, we'll be hearing a lot more from that fugly bitch very soon.

Thu, 01/29/2015 - 19:04 | 5722517 BouncingCat
BouncingCat's picture

She should STFU.

Thu, 01/29/2015 - 19:10 | 5722540 Everybodys All ...
Everybodys All American's picture

I'm rooting for a much more self inflicted nailgun outcome.

Thu, 01/29/2015 - 19:10 | 5722539 hangemhigh77
hangemhigh77's picture

All you people are fucking STOOOOOOOOOOOPID. Yellen is ALWAYS right.  Do you have any idea how rich poor people are today because they took Ma Yellen's advice and bought stocks and houses when they had nothing.  Geez, you fucking idiots, if you're poor just buy stocks and houses and you'll be fine. Idiots.

Thu, 01/29/2015 - 19:14 | 5722558 hangemhigh77
hangemhigh77's picture

We NEED inflation, otherwise all the banks assets will be worthless. we can't have that.  We can't have Jamie Dimon working at McDonalds. We can't have Warren Buffet living in his house in Omaha.  these people are really important and we the people need to sacrifice to make sure they are filthy rich.  You IDIOTS!!!  I look forward to the day when a loaf of bread is $25, then I know that all these rich crooks are ok

Thu, 01/29/2015 - 19:17 | 5722567 buzzsaw99
buzzsaw99's picture

egad

Thu, 01/29/2015 - 19:19 | 5722572 Son of Captain Nemo
Son of Captain Nemo's picture

Captain Broccoli is America!

Who the fuck cares what the unintended consequences of the "long" looks like just keep living in the "short" and BTFD!!!

Thu, 01/29/2015 - 19:20 | 5722580 bentaxle
bentaxle's picture

Gold & Silver will be freaking out the CB's all the way to the bitter end. And it will still be freaking them out after they're dead and buried, after the bitter end....but end it will. I'm just looking forward to the day when they roll up expecting to smack down gold again....but it doesn't work. Not plan A, Plan B or plan C, (assuming they have a plan.)

Thu, 01/29/2015 - 19:25 | 5722594 Victory_Garden
Victory_Garden's picture

Why does all this hoo-ha seem like another distraction from the planed war mongering by isreal now?

Thu, 01/29/2015 - 19:47 | 5722695 Tegrat
Tegrat's picture

Dumped my TZA for a nice gain at around 12.78 and then bought RKUS from 10.45 to 10.27 crossing the 20ma daily. They kept askin so i kept biddin. Was up 2.3k shares at one point then dumped on the surge and then the rest at 10.55.

 

Not a bad day.

Thu, 01/29/2015 - 20:25 | 5722829 Thenardier
Thenardier's picture

freakin' dumb move...over my cold dead body would I dump my TZA..talk to me in 2 years

Thu, 01/29/2015 - 21:12 | 5722994 freakscene
freakscene's picture

tza has always been a swing/scalp for me

you buy it and hold?????????????

Thu, 01/29/2015 - 21:24 | 5723037 Tegrat
Tegrat's picture

Agree with that.You dont hold it for long. If you are going to stay longer term holding of 3X, you short TNA and hold on to that position.

Thu, 01/29/2015 - 22:27 | 5723274 Thenardier
Thenardier's picture

Good plan Tegrat

Thu, 01/29/2015 - 20:06 | 5722777 Hohum
Hohum's picture

End of month window dressing?

Thu, 01/29/2015 - 20:15 | 5722801 jomama
jomama's picture

lmfao

Thu, 01/29/2015 - 20:39 | 5722872 Kreditanstalt
Kreditanstalt's picture

Today was SO counterintuitive,,,"sell gold" - TODAY....???

Thu, 01/29/2015 - 20:51 | 5722919 Stfr
Stfr's picture

OMFG, Its another Central bank bubble! Look at the BOJ activity for the past 15 years...The Japanese economy has not grown since, bar a brief blip 2006-2008 before the S.h.it hit the global fan.  Watch out below!

Thu, 01/29/2015 - 20:52 | 5722921 Stfr
Stfr's picture

OMFG, Its another Central bank bubble! Look at the BOJ activity for the past 15 years...The Japanese economy has not grown since, bar a brief blip 2006-2008 before the S.h.it hit the global fan.  Watch out below!

Thu, 01/29/2015 - 21:25 | 5723043 TeethVillage88s
TeethVillage88s's picture

Here are some other headlines:

-

- WINK: Yellen Tells Dems No Rate Increase 'Immediately'...
- STOCKMAN: 'When third bubble collapses will be day of reckoning'...
- 'Wall-Street-coddling policy will be totally repudiated'...

Thu, 01/29/2015 - 20:53 | 5722926 nink
nink's picture

OIL!!!  It will be 12 months but easy $200 for a short window so BTFD

Thu, 01/29/2015 - 22:47 | 5723347 Tall Tom
Tall Tom's picture

Perhaps...perhaps not.

 

The path has not yet been crystalized.

Thu, 01/29/2015 - 20:56 | 5722939 sandlapper
sandlapper's picture

BTFDFUBARSNAFU

Thu, 01/29/2015 - 21:04 | 5722959 Bunga Bunga
Bunga Bunga's picture
CDC urges measles vaccinations amid Disneyland outbreak

http://www.reuters.com/article/2015/01/30/us-usa-measles-disneyland-idUS...

bullish

Thu, 01/29/2015 - 21:32 | 5723064 nathan1234
nathan1234's picture

The stupid assholes in the market keep forgetting that the Fed is By the Banksters, For the Banksters and Of the Banksters.

Yellen is their mouthpiece now after Ben's recent departure ( he should rally be trying to run Ponzies in Hell below)

And those who think their STS ( Smart Trading System,) is better than the Banksters HFT's, keep going.

Thu, 01/29/2015 - 21:37 | 5723098 5e0V2a3
5e0V2a3's picture

BTFD...STFS...

Goofy Zero Hedge eats up these meaningless acronyms that do nothing other than show how frustrated the Zero Hedge crowd is that markets continue to go up, up and away.

...while gold goes into the toilet.

 

Thu, 01/29/2015 - 21:47 | 5723134 AC_Doctor
AC_Doctor's picture

^^^^^^^^And the douche award goes to? ^^^^^^^^

Fri, 01/30/2015 - 00:01 | 5723645 5e0V2a3
5e0V2a3's picture

Tyler Durden and all Zero Hedgers who buy this tripe.

Fri, 01/30/2015 - 00:34 | 5723722 jomama
Thu, 01/29/2015 - 21:56 | 5723183 mijev
mijev's picture

Haha, it used the word 'market' ..... Not really worthy of a reply.

Thu, 01/29/2015 - 21:55 | 5723173 GoldSilverBitcoinBug
GoldSilverBitcoinBug's picture

BUY THE FUCKING DIP !

Rogers !

Thu, 01/29/2015 - 21:56 | 5723181 franzpick
franzpick's picture

We are in the last days of a financial Jonestown, and the increasingly empty and hollow declarations and yellin' of the trapped leader have convinced me to engineer an escape for myself and my family, past the dangerous armed guards at the margin.

Thu, 01/29/2015 - 22:31 | 5723286 nink
nink's picture

New IPO HAPPEING NOW called BTFD so BTFD BTFD

Thu, 01/29/2015 - 22:47 | 5723352 poseidon
poseidon's picture

Whats the point of all this jerking around.

They should just declare DOW 999999 and SPX 9999 and be done with it.  Why beat around the bush - this isn't capitalism.

Thu, 01/29/2015 - 23:12 | 5723463 Prober
Prober's picture

For those of you who don't know:

Yellen is a FANATICAL democrat liberal left-winger. The grand plan is to keep ZIRP until obola leaves office and most likely a republican takes over, then zoom rates up to crash the markets and economy and blame the republicans for "bad policy".

Thu, 01/29/2015 - 23:33 | 5723568 nathan1234
nathan1234's picture

The Republicans and the Democrats are there to keep people like you fooled and distracted.

They are all run by the same people who own and run the US Govt and run you too.

Two sides of the same coin owned by the same group. Head or Tails- You loose bothways.

 

Fri, 01/30/2015 - 00:18 | 5723690 A Dollar Short
A Dollar Short's picture

Think you have something there, Prober!

Fri, 01/30/2015 - 00:55 | 5723767 hooligan2009
hooligan2009's picture

if you didn't offer so much insight, i would call you captain obvious ;)

https://www.youtube.com/watch?v=cgb7W9VLkI4

substitute hotel for monetary...and voila! you have cracked it!

heh

Fri, 01/30/2015 - 00:57 | 5723775 hooligan2009
hooligan2009's picture

or even the follow ups for smashing through common sense!

https://www.youtube.com/watch?x-yt-ts=1422503916&v=PvOc8xH0LdA&x-yt-cl=8...

Thu, 01/29/2015 - 23:15 | 5723483 kelley805
kelley805's picture

Remember CDOs?  They're Baaaaaack!

 

Though the large financial institutions have backed away from collateralizing mortgages, they are now doing it for commodities such as gold, silver and oil.  Here is one example.

https://www.google.com/search?q=jpmorgan+precious+metals+as+collateral&ie=utf-8&oe=utf-8

The problem is not the collateral but the reselling of the same assets. In 2007 one financial firm sold 610 out of 3,400 CDOs more than once. That is nearly 18%.  Let me repeat.  More than once.

Because buyers are dealing with paper not physical assets, how do they know they are trading real, actual commodities? If the markets started to go down and everyone wanted their physical commodities such as gold, what if there was not enough gold to meet all the obligations?  Would there be an international panic?

Fri, 01/30/2015 - 00:11 | 5723674 pupdog1
pupdog1's picture

Well, this was certainly chart porn-compliant.

Fri, 01/30/2015 - 00:54 | 5723762 WezTheJuic
WezTheJuic's picture

Tooo funny.

 

Its time for the "Happy Happy Joy Joy" song....

https://www.youtube.com/watch?v=y0V4TZAyd8I

BUT WAIT,,,last thing you need to do, is pee on the electric fence.

Good One.

 

Pens,

Fri, 01/30/2015 - 01:47 | 5723868 q99x2
q99x2's picture

BTFD bitchez. Money changers got hold of the printing press and they have to bribe the politicians and pay to kill Arabs. Ya gotz to be buying the F'n dip. FED's outa ammo. Whole worlds about to go up in smoke. BTFD you may not get another chance. Buy it before its too late.

Fri, 01/30/2015 - 02:09 | 5723890 Jack Daniels Esq
Jack Daniels Esq's picture

Hildabeast is America's pig

Fri, 01/30/2015 - 02:59 | 5723959 trader1
trader1's picture

meanwhile in Saudi Arabia:

King Salman of Saudi Arabia has announced a major cabinet reshuffle, a week after he acceded to the throne.

The chief of intelligence and the head of the national security council have both been replaced.

Other top officials, including the ministers of defence, oil, and foreign affairs, have kept their jobs.

The governor of Mecca and the governor of the capital Riyadh were replaced as were several senior religious officials.

King Salman - who was a half-brother of the late King Abdullah - also gave a bonus of two months' salary to all Saudi state employees and military personnel. Pensioners and students received similar bonuses.

The changes were announced in 30 royal decrees.

"Dear people: You deserve more and whatever I do will not be able to give you what you deserve," the king said later on his Twitter account.

He asked citizens to "not forget me in your prayers".

The Saudi Press Agency said King Salman had relieved intelligence chief Prince Khalid bin Bandar bin Abdul Aziz al-Saud of his post.

General Khalid bin Ali bin Abdullah al-Humaidan becomes the new intelligence chief, with cabinet rank.

A nephew of the late king, Prince Bandar bin Sultan, was removed from his posts as secretary general of the National Security Council and adviser to the king.

Two of Abdullah's sons were also removed - Prince Mishaal, governor of the Mecca region, and Prince Turki, who governed the capital Riyadh.

The Oil Minister, Ali al-Naimi, Foreign Minister Prince Saud al-Faisal and Finance Minister Ibrahim al-Assaf remain in the cabinet.

Another of Abdullah's sons, Prince Mutaib, stays as minister of the National Guard.

Salman also replaced several senior religious officials, removing two clerics regarded as comparative liberals who headed the Justice Ministry and Religious Police.

Hours after King Abdullah died on 23 January, Salman appointed one of his own sons, Prince Mohammed bin Salman, as defence minister.

He named another of King Abdullah's half-brothers, Muqrin, who is in his late 60s, as the new crown prince.

Interior Minister Prince Mohammed bin Nayef, 55, was appointed deputy crown prince, making him second in line to the throne and effectively smoothing the line of succession for years to come.

http://www.bbc.com/news/world-middle-east-31052071

Fri, 01/30/2015 - 05:28 | 5724093 SMC
SMC's picture

Sound rhetoric by a bankster supporting a government of the idiot, by the idiot, and for the idiot.

Fri, 01/30/2015 - 05:31 | 5724097 Latitude25
Latitude25's picture

Hmm.  Those oscillations on the 100DMA S&P 500 seem to be getting smaller and closer together based on FED comments.  In a few weeks max those FED comments will have NO effect on the oscillations and then BOOM.

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