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Do Not Show Jim Bullard This Chart!!
In the realms of fantasy narrative, The Fed's Jim Bullard remains near the top, but this morning's statement that "there is a lot of momentum in the US economy" is simply remarkable in its total falsehooded-ness. As the following chart shows, we suspect when Bullard says "economy" he means "market" but even that is hardly showing momentum!!
Charts: Bloomberg
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OK we won't!
What happened to snake-oil salesmen in the old West?
to be fair, this chart should have a time frame going back to summer, 2011. i highly doubt "US Macro" has ever supported SPX over 1400.
so up to sept/oct 2014 the market was 'correct'?
mixed message, ZH
Bullard goes Fulltard
Mission accomplished
It's just a matter of time. A black swan should be able to knock this market over with a feather.
In the old west, they moved on, or were hung
These fuckers will ride it 'till the end.
Most of that "snake oil" was actually crap cheap booze flavored with good stuff like pig manure and triple filtered through buffalo droppings then spiked with some sugar. Stuff's still made. Called Southern Comfort
They don't call him Bulltard for nothing...
Terminal momentum.
I was going to say, technically Bullard can be correct, since momentum can be negative.
Question is, are they running straight into a brick wall, or off of a cliff?
Neither of both :-) hope you don't trade what you write... otherwise you could just donatr you money to the ones in need ;-)
The fat finger at the fed fixes all stocks up going to a record. The truth means nothing so why bother with fundamentals.
The Fed puts the 'mental' in fundamentals.
Since nobody has said it -
Some would call his momentum 'gravity'
So you're saying from April-October of 2014, the market's performance was somehow tied to fundamentals?
NO! What you are seeing is Green Shoots!
Whatever happened to "Green Shoots"?
Could I see the same chart with ten year yield as well...
Go ahead, raise rates motherfuckers!!!
The bottom is in! BDFD!
Sarc
What happens when oil is under $40 by end of March?
In the absence of any real price discovery who cares? Something about pennies and steamrollers comes to mind.
I urge everyone to read up on just how fast "low prices" has turned into shortages before.
The U.S. alone still consumes just under 18 million barrels per day.
"I've fallen down and can't get up."
https://www.youtube.com/watch?v=dXels5zsE_M
Indeed, every moment gets more momentum
You can have "momentum" in any direction. When you become an expert in meaningless words you're always right.
Even an airplane has momentum...just before it crashes into the ground.
If you can't dazzle them with brilliance, baffle them with Bullard!
i've seen that toppy looking formation a few times in recent years. it has always been a harbinger of MOAR.
Baffled by Bullard's bullshit.
Jim actually converted a See 'n Say toy, so instead of "a cow says moo", he yanks the string for this weeks catch phrase.
There is momentum in the economy BUT it is to the down-side!
"there is a lot of momentum in the US economy"
Which direction?
Wow! What I see is a ton of pent up spring back to catch back up to proper S&P level!
lol
STOP BUYING! THE CHARTS WERE UPSIDE DOWN!
Fuck look at that chart! S&P....must.......hold.......2,000...
For fucks sakes!
Jim bollocks
The Federal Reserve must keep inflating stocks and spewing BS about a recovery. It just has to.
It's 0%/negative rates and QE until the US dollar dies.
Momentum at 32 ft per sec per sec unless there is a vacuum in those fibre optic lines....
The chart shows that the fairy tale of QE did work indeed. HAHAHAHA, what a shyte show, it will end badly, but when is anyone's guess.
OT:
Meanwhile in Ukraine Porky should be gone in a week or 2.
http://rt.com/news/228999-kiev-protesters-storm-president/
The idiot tried to draft every adult man and woman in the country to wage a needless war on the East. He irritated some folks.
We momentumed some folks...
Fer christ sakes .... BTFD!!!!!! Here's a Dip!! Looks like a screaming BUY to me!!!
http://www.businessinsider.com/eps-growth-expectations-turn-negative-2015-2
QE 4 to the rescue !!! hahaha
The key to understanding Bullard's comments is to first understand that most Americans now think the market actually IS the economy. The Fed and the WH know this and have done everything they can to develop and maintain that perception.