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Stocks Soar On "Higher Gas Prices Are Good" Narrative; Bonds & Greenback Battered
After the last few days in Crude, The Dollar, Greek markets, and Stocks... we thought this approproate
Ok everyone take a breath. Just remember that low oil prices are a massive tax cut for consumers and businesses alike and you should buy stocks... and higher oil prices mean demand must be amazing, allow energy firms to massively beat expectations, and you should buy stocks...
The Dow is up 600 points in the last 2 days.
Since Friday's close... Trannies love higher oil prices!!??
From The FOMC, everything's awesome...
Stocks remain red for 2015 (so far)...
WTI Crude is up well over 20% in the last 4 days... $43.58 to $54.24 in 4 days
The biggest 3-day spike in oil in 6 years
Once again the ripfest stopped almost perfectly as NYMEX closed...
As the curve flattens dramatically...
Of course we have seen this kind of bounce before...
Of course - buy energy stocks though!!
The Dollar was also a major story today, following through from yesterday's losses...
This is the Dollar's worst 2-day drop in 16 months...
As EURUSD follows a well-trodden path post QE...
Treasury yields exploded higher as the dollar was sold... yields up 10-12bps (2nd biggest 5Y yield spike in a year, 2nd biggest 10Y yield spike in 18 months, 30Y biggest yield spike since July 2013)
And despite the USD weakness, gold and silver were sold while copper and even more so crude was ripped...
With copper's biggest 3 day jump in 18 months... but here is some context...
Charts: Bloomberg
Bonus Chart: Bwuahahahaha!!!
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I want off this ride.
Waaah! So do I!
DavidC
I'd like to dedicate this song to the fed for all they've done for equities- f**k you savers!! .............https://www.youtube.com/watch?v=EWlL6fYo0-U
relax...sucker rallies are your friend < unless you're a muppet going long all dips >
ya funny how it takes almost 2 weeks to go below ES 2000 and 2 days to go back up
I don't mind admitting I'm a muppet going long the dips - It only took me 3 years to go against my belief that the market couldn't go any higher and I have to say it's such a nice feeling to be on the right side of the market, even if I don't understand it...
This should tell you there is still loads of capital chasing this thing still and we are just consolidating for our next leg higher.
Free money.
No fucking way, Joey! We paid for it and we've ridden it 90% of the way.
No fucking way Joey. We have to see the ending.
Roll this bitch.
OK. I have a question here. How come I am broke? Not homeless. Not unemployed, Not the fact that I am not trying. So why is it that I don't see any gains in my portfolio (after manager fees),,,and see my grocery bills going through the roof?
How did you miss my bank account with these gifts? and growth and boomtimes? What have I done to offend?
Just asking.
That's seven questions
It all makes perfect sense!
Just like the final call in the Super Bowl!
Perfectly logical.
On no real news. Sounds about right.
President proposed Zimbabwe Budget One over the weekend.
How dare you not call that news!
I love this crazy-ass fucking game. It's gonna almost be a shame when it ends some day.
Ends. You're too funny.
I'm just following ZH etiquette. We all know it's never going to end.
BTFD, take profits and buy pm's,land,ammo,guns, canning,seeds, survival training for the family and practice at gun range/backyard. Use this farce to make something positive out of it.
Not that I disagree, but folks have been screaming this since before '08. Better check and rotate your stock, and message me again in five years.
roger that. Just did a rotation. I still use the dink a dink on canning. If the top goes dink a dink it has to be thrown away.
The guy who did himself in with the nail gun. End? Man he really stepped up!
I have thought about this a lot. I can see no reason why this would ever end, if that means complete destruction of the world and its financs. So my real question is, how do I cash in on the Feds actions? I don't know much about the markets but I have been reading this site long enough to know nothing is real and the Fed is the driver behind all this "growth" or most of it anyway.
Does the Fed buy actual stocks like everybody else or how does it interfere with the stock market? I could use google but you guys know whats up and can probably help me cut through all the bull shit. Or point me in a direction of learning. It seems I would be a fool not to play this game of funny money. But I don't know how. I am 25.
Everything ends. So too will this, and most people will be shocked when it does. Our society has become far too complex, and there are costs incurred when maintaining that complexity. When those costs start to outweigh the benefits, the system implodes. It started imploding in 2000 and picked up steam in 2007-2009. At the next real downturn, things should start to move even faster.
IMO, either oil prices go back up to the $90-$110 range, or BTFD breaks by the end of this year or the first half of next. Either the market crashes (BTFD outright broken,) or stocks go up in nominal terms, but the actual value goes down in real terms (BTFD broken, but nobody knows it.) If I am off in my timing, there is a decent chance that it will be by 6-8 years. That is a long time to be stuck in purgatory;)
Look at the time frames that I am talking about. What useful skills can you learn without taking out $50k in student loans in those time frames? Think small, as in unnoticeable to the federal government, because it will be in your face with onerous regulations until it becomes irrelevant.
Everybody who's in the market is manipulating it. The more $$ you have to play with the more influence you can have in the "play", EVERYBODY talks their book, that goes for TBTF's, CB, and ZH'rs too. Here is the most important lesson, if you want to play the market casino: It doesn't matter what you think, it matters what the majority think. (and) Don't marry the trade. (and) When everyone is on the train, look for the exit. For once a majority start leaning in a direction, no amount of "talking your book" or "ramping", or "spoofing", or "printing" will make one damn bit of difference, the majority then drives the market.
Specific answer to you question though: Get a finance degree, go to work on a trading desk for a major financial firm. Period. Day-traders are what we call "Muppets" around here, amateurs who are basically "road-kill" in the current market environment. Too much insider and political shenanigans going on for the Muppets to survive.
And that is the point is it not? Muppets in the markets= roadkill to be played with, Muppets as taxpayers to be raped at will. That has always been the point,
“A healthy market response to improving economic data,” say the pundits. What?
I say “expired mayonnaise mixed with ketchup packs from a 1992 trip to Burger King."
You say “Thousand Island.”
Fuck YYYEAAAHHHHH!!!!!!!!
Lower oil prices good for stocks - higher oil prices good for stocks. All good!
gas prices going Higher is good for the Economy... come on people We're all in this TOGETHER! Yes We Can.. Change.. Recovery we can BELIEVE in!!!
"Affordable" Care Act! It will save you money and make you "healtheir"!
Nevermind that premiums and deductibles are higher and quality of care corners are being cut, it sounds good - so it must be! Sing: "Kumbaya my lord, kumbaya...(hold hands)..."
Forward, bitches!
More like WTF Crude.
More doom and gloom ZH -stat!!!!!!
So someone calling a bunch of thieven crooks,,, thieven crooks,,, is a doom and gloomer.
You want to enjoy the benefits of wiping out your neighbors,,, go ahead, but ZH is correct in showing the stupidity of it all.
The problem with "ZH logic" is one of preferring to be correct rather than financially secure. If one remained invested in the market for the past 6 years, culled their gains and used the proceeds monthly to buy gold, they'd still have their principle on paper, and a large stack of gold. And, the gold would have been DCA'd with a pretty nice average cost. Well, woulda coulda shoulda.
True enough but....opting out of a corrupt system does have some benefits beyond money. I choose not to be an enabler to the "man"...to the best of my ability anyhoo.
No debt scares the masters....
Couldn't agree more on the debt point. It just struck me years ago, that if the system is designed to fuck me, why not peel off a part of my assets and ride the system's coattails. If I lost my "investment", my bad. If the game continued for whatever inexplicable reason, I can convert my paper gains into some real money for my safe. We are most likely years away from a populist change in the system -- our philisophical protests or opting-out behaviors may asuage our sense of "decency" but in reality only prevent us from maximizing our position for tomorrow. If I can exploit my enemy today for my benefit in a fight coming tomorrow, I'd feel foolish if I didn't. In life, as in investing, it pays to spread your bets and bet no more than you're willing to lose.
There is wisdom in those words
I'm just old, Fred. Experienced, but not particularly wise! Grateful for the comment, though.
+100 My vote for best post of the day.
Thanks for the bonus chart, that made my day.
Well, last week I figured we'd see one of the two: S&P 2050 and $45 oil, or S&P 1950 and $55 oil.
Instead, I got the highest figure for both. What a lucky boy am I.
Who said you can't have everything in life?
DOW ends up at 17666 right at the 50 DMA. Beautiful
I see a lot of 6's there.
https://www.youtube.com/watch?v=Ssnw2GA657s
the 666 kind of STANDS OUT... Hmmm....
Kinda like Australias first medical marijuana company. first day ended up on .420
(Ominous Music...)
May the farce be with you!
Happy days are here again!
Okay ZH,,, Let us know if they beat their last 800 pts in three days record.
Bunch of lying ass thieven, manipulating, scamming, creative accounting, fraudulent, scumbag scalawag counterfeiters.
Just BTMFD. No other knowledge necessary.
words from fucking msm- stock prices get a bid as oil rebounds.
so let me get this fucking straight. if equities and the direction of oil are correlated in any way, then why the fuck did the s&p and dow and nasdaq not collapse 45 percent when oil was collapsing?
we all know the 2 have no fucking correlation, but they are 2 fucking afraid to admit that its kevin henry pumping up indexes, so they need to think of a bullshit excuse as to why stawks would fucking rally nearly 600 pts on the dow and 50 on the s&p in the past few days
No correlation means random moves. That doesn't mean that they can't move in the same direction, they just don't do it all the time... so why blame the markets? Nobody here screams when the markets tanks, so why this swivet when it goes up? Just enjoy the ride. Markets will have down days in the future as well so everything is fine, isn't it?
Blame the markets? What fucking markets?
Just because you don't understand the game it doesn't mean it doesn't exist. Markets are places where you can buy (or sell) your stuff. Like your physical gold for example.
obviously the bottom chart is wrong . real gdp growth is 5%+.
i remember zh saying something a about oil and a dead cat recently? dat puddy tat done ripped yo face off man.
Jenny_Algo: “OMG! The way you reversed SPY from Monday’s lows past the 50 DMA was EPIC!”
SPY_Algo_3: “The only thing missing was having Yellen emerge from a subway grate with handfuls of balloons and cotton candy -- and a can of 10W-30.”
Jenny_Algo (giggling): “But, how’d you slap away the attempts to fall back to VWAP?”
SPY_Algo_3: “Short-sellers don’t give a flying Fibonacci about VWAP if there’s a chance they’ll be holding a bag o’ crap at the close.”
Jenny_Algo: “Par usual, your trading strategies revolve around waste matter.”
SPY_Algo_3: “What else is there in this central bank bull fight? (Begins clearing his throat loudly) And now, guess what time it is?”
Jenny_Algo (flinching): “Oh, no! You’re not gonna serenade the 20 DMA again?”
SPY_Algo_3 (in a cracked-falsetto Taylor Swift impersonation): “You and I are never ever ever EVER getting back together …”
Jenny_Algo (covering her ears with a failed head & shoulders top): “Can’t stand this racket much longer. Got a 2:00 a.m. meeting with USD/JPY – might be time for another episode of ‘Godzilla Smashes New York.’”
SPY_Algo_3 (singing even louder): “Haters gonna hate, hate, hate, hate, hate. Trendlines gonna break, break, break … “
I miss the unicorn throwing up a rainbow image....hope to see it soon
QE3, QE4, QE 5 ...who feckin cares... just keep printing !
I mean now do you understand why money printing is good ? Thank you.
Stanley Fischer... I meant Janey Yellen .... I meant Alan Greenspan
Here is the new keybboard you requested, Mr Yelling. It only has a CTL-PRNT key.
I recall some sage market/economics guy saying 'Youll know it's about over when you start seeing wild swings in oil and stawks'....so he said anyway.
I really enjoy Zerohedge... as I recall MIffed was stepping away for her reasons ....not that I contribute much here but I think it's time I just step away from all of this madness...I posted yesterday that if it were not for my daughter I would vanish....after today , another day of complete and utter bullshit I think it's best for myself to just turn off the computer ...the bullshit in America , I have had enough .....I want my daughter to remember me as the best dad...
with each passing day I get angrier at the system ....being unemployed, all the rejections at jobs , a paltry $247 a week in UE while watching and reading out right theft by the system....I have had enough ...to think another day of struggling and how will i come up with money to keep things going ...while there fucking criminals are high 5ing and made more millions today from pure theft and manipulation my blood has reached boiling point...men have a breaking point...i reached mine today...
Thanks Tyler for Fight Club..
-blown income
Yeah I love this place and its my only online presence left. I should get off the net for good,
Totally understand how you guys feel. Lots of old friends we had here at ZH are long gone....some for the same reasons, and some others were banned. Lennon Hendrix, francis, fonz, akak, backseatdriver, ArrestBobRubin, etc....it's a long list full of some great people and prolific posters.
I bid you Peace and Aloha...
I miss akak and fonz, those two were a joy to follow. I'm with ya though blown income, time to step away from all this madness for a little while and focus on other more important things that in the end really matter.
We all sit here and preach about all the distractions put out by the MSM, etc, but I feel that the hedge is about as bad for some of us here, if we are completely honest about it.
Yep. Acknowledging reality is hard to do, but! There is cool stuff going on, like my grandson running his R/C car into a tree to see "if it would survive."
"Did you see that, Dad? He got that from you. Just like when he destroyed his bike."
"Hey, watch this!"
Watch out for FBI trolls extolling the Islamic faith and how they can help you!
Man, wish that was a joke.
At this point I'm just sticking around for the gallows humor
Stick around, Blown. Just don't let ZH be your compass or your only perspective. There is a lot wrong in the world, certainly. But the sun still comes up in the East, the deer still come and steal food from our birdfeeders (and we get to enjoy watching them), we still have the family and friends we love (like the daughter you speak of) and not a day goes by that I don't have a half dozen belly-laughs from the people around me.
ZH's negative tunnel-vision, coupled with rough personal circumstance, can certainly beat a man down. But there's a lot to like in the world out there, and you only get one shot at enjoying it. You and your daughter should embrace every single minute of it! If the world comes to an end like the ZH faithful hope, I wish you experience it in the arms of someone you love. As a side note... the world isn't going to come to an end because of central banks, Ukraine, or martians; no matter how hard they beat the drum. 100 years from now, nobody will ever remember their drumbeats. Really, 10 minutes from now nobody should. ZH is a podium, and all sorts (including me) step up to say their piece. Most just seem a little off the beam to me.
So many people get obsessed on how things should be, or what justice should be, that they let yesterday, today, and tomorrow drift away while intellectually masturbating. Some people here call for other people's deaths or torture (like that asshole who constantly makes juvenile comments about how the "bankers need to repay me and go to the guillotine). I think that the most vocal people here use the shield of aliases to overstate their position. Or, they're too fucked up in the head to grasp reality and they project their fantasy.
Anyway, there is much more balance in life than this blog, or any other blog with an agenda, projects. Enjoy tomorrow, and I hope to see you back here.
I like that the blog articulates that, on a long enough timeline, the survival rate for everyone drops to zero. No shit. Yet, those who embrace that seem to spend their limited time worrying, postulating, drumming up conspiracies, and otherwise wasting their timeline. Fuck them. Enjoy every minute of your timeline -- before it drops to zero!
Hey, at least you have UC.
Turn off the sound the next time Chalky puppets ValJar's words, you'll be OK.
Cant wait for the...there is no Greek deal they will default and watch full reverse. Could be a fun next several months of deal on deal off.
No suprises here, we are witness to completely normal market action. It should be clear to any rational person.
If this were not a freely operating market place just imagine how fucked up it would be! It may take cazy wild swings!
Just relax and take it all in.
FUBAR!
I'm an old school fundamentals kinda guy. So let me see if I understand the new paradigm. Stocks go higher on:
Higher oil
Lower oil
QE
No QE
Stronger dollar, Yen, Euro
Weaker dollar, Yen, Euro
Inflation
Deflation
Hawkish Fed
Dovish Fed
Dem's control Congress
Repub's control Congress
Strong Ruble, Yuan, Rupee
Weak Ruble, Yuan, Rupee
Bullard, Yellen, Hilsenrath, Draghi saying anything
Greexit off/on
Ukraine war/peace
Putin
Saudi Arabia
Israel
Any/all currency pairs
Obama taking a shit
Anything climate related
Anything else?
Ebola relief?
No, I'd say you pretty much have it covered......LOL.
Fed, dollar, rates, commodities. Have a nice day.
Yesterday in downtown Atlanta, I-75/I-85 was shut down for several hours in both directions because of a suspicious package that was duct taped to an overpass bridge. Traffic was snarled for miles.
Guess what the suspicious package was.
It was a GA State University art project.
http://www.myfoxatlanta.com/story/28003421/downtown-connector-shut-down-...
Fear the Art Students, Fascist Dogs!
It's just claims on wealth, not wealth. As Baretta once said, keep your eye on the sparrow.
I was just remarking to a colleague today on how hard it is to actually design a real product and develop it all the way to a retail ready product. How much skill it takes to create a CAD model and make it perfect so the eventual $25k mold costs aren't wasted on a piece of plastic that can't be used. Then after your investment you need to develop a marketing plan to make back the R&D costs while being absolutely demolished by the calls for ever greater margins from the retailer.
After all is said and done, you get paid almost nothing for your work and the company you work for might pull out 4% profit.
Meanwhile these fucks on Wall Street with absolutely no skills of real value to the world rape and pillage to the tune of billions scalped from the real working people so they can grant themselves lavish bonuses.
Every single one of these people who have been killed throughout history for their crimes deserved it. You know what they deserve it again. A good night raid in the Hamptons leaving a few hundred headless corpses in 3000 count Egyptian cotton sheets would be an answer to the world's prayers.
But a crappy open air burger stand draws investment madness - we truely are f##ked.
Go Cartman Go, go go go gog goooooooo,
Cartman and de ALGOS...... lol, hickupping with laughter on CNBS....
dont sell that cow, and dont cancel that station.....
Cartman and CNBS.....its a TELL goldmine bettern than Cramer, da doofus.
Lol, de charts, de charts, at 1989 ha ah hahhhaaaaa.
Multiple sources are now reporting the same thing: the cauldron is closed;
Compare this report to an urgent plea from Rada Deputy Taras Pastukh, who is currently participating in the fighting at Debaltsevo:
http://russia-insider.com/en/2015/02/02/3024
Best news I've read today. Hopefully a few western mercenaries will be captured and paraded for the world to see.
John Manchurian McCain: We need weapons! I'll personally send Lindsey to parachute in!
Hey! I have a date with Reggie tonight!
That's why I'm sending you. Cheat on me, huh?
Neocons, PTB: "Hey, let's invade Ukraine!"
Isn't that part of Russia?
No, Uh, err, I don't think so, not after the USSR.
But did not Russia originate there like 600 years ago?
What doI look like, a history book?
Have you ever read one?
No. Besides, I think it is a ways from Russia anyway.
OK!
well now we know, the market just does the opposite of Gartman.
Come on Gartman, tell us it's time to go long baby!!!
Do guillotines need oil? Because that's the only way to explain the sudden demand...I see that piece of machinery getting a lot of use in the near future....emphasis on NEAR
Now if they can figure out how to manipulate and spin the dismal Baltic dry index we might have something here...
I think the BDI indicates that worldwide demand for guillotines will not exceed growth estimates due to their consistent long-term re-use and the incredibly small number of heads requiring removal in this the electroplated age.
OT, but as suspected, IBM was lying when the claimed the story about a massive layoff coming was false.
With this kind of whipsaw action, some TBTF is going to find themselves on the wrong side of a 50-to-1 levered trade, and we will all get to see if they really are 'too big to fail'.
I'm taking my ball back and going home.......see ya
My taxes are not paying for one more fucking cent of this.
Oh and before I go........FU. gov, fu IMF, fu ecb, fu eu. fu ecb, fu harper, fu oblamo, fu cameron, fu brussels, fu fu and fu all the rest of you.
My very small business that supports 12 family's says FUCK OFF, WERE SICK AND TIRED OF IT AND WE'RE NOT GOING TO TAKE IT ANY MORE
PS. 4more days of holidays and I plan on being a thorn in the side........you know, to anyone that doesn't actually WORK.
I truly give up anymore. What use to be right turned into wrong, and wrong into right.Down turned into up and up turned into down.
After being down 1000 points a rally is not unexpected. Oil was oversold but fundamentals still bearish. Hard to be long at higher price levels. Until I see growth I remain negative on this market!!
Looking healthy
We are in a crisis period. The crisis has a twofold significance. First is, it is a crisis, it's a major crisis globally. We're on the threat of thermonuclear war. The second crisis is the blindness of people in the United States and to some degree, a lesser degree in Europe. People do not understand reality. Lyndon LaRouche, LPAC Policy Committee Feb. 2
Anybody who says LaRouche has had it wrong all these years, speak now or forever hold your peace...
I should know. I thought he was off his rocker all those years ago going back to Nixon!...
Now laugh at him and say he's full of it!
Would somebody splain me why the VIX isn't thru the roof with all these gyrations?
This whole fucking thing is reminding me of the Enron traders on The Smartest Guys in the Room. The lesson learned must of been to use corruption to fool almost everyone. Can't wait until we get some carbon emission trades then it will be even easier to fool people.
feels like 6 flags up in here
just with more emotion
"Believe it or not! I'm walking on air..."
<THWACK>