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Stocks, Bond Yields, & The Dollar Surge On "Good News Is Good News" Jobs Report
It would appear "good news is good news" this morning as better-than-expected payrolls data (but the unemployment rate rose so they'll need to spin that) has sent stocks higher, bond yields higher-er, and the US Dollar higher-est. PMs are weaker, crude is sideways. EURUSD is back under 1.14 as the week's volatility continues.
As EURUSD plunges...
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I guess Illusion these days is the reality
The illusion creates a very nice reality for the .01%, which of course is all that matters.
Everything is AWESOME!
Raise the rates, Mr. Yellen!
And gold, suuuumashed
https://www.youtube.com/watch?v=StTqXEQ2l-Y
Look... This is all about jacking up the dollar to smash gold and mess up the "de-dollarisation" Russia has been pushing.
It's all about disabling Russia even more now that a real war over Ukraine looks more real.
and gold did get smashed, at this moment.
Interestingly, mine is the same weight as it was 2 hours ago.
Once Yellen starts, regardless of what is said it will continue a la Greenspan...watch your bond exposure
The illusion creates a very nice reality for the .01%
Most of those guys have purchased bugout property in Fly Over country....thank goodness I already live there.
I wanna believe. I really do.
Lies, more lies, damn lies and then heaped on bullsh*t from the gubmint.
At this rate Yellen might have to raise rates in March
If he does, he's crazier than I thought.
They'll do their promised rate hike, .02 or something, and once again spike the football.
Well, lots of states did enforce new minimum wage rules Jan. 1.
http://www.ncsl.org/research/labor-and-employment/state-minimum-wage-cha...
#motherfuckingwinning
Goldilocks Kudlow just peed in his pants a little...
Seasonal Adjustments is professional jargon, we lay people call it, made up bullshit.
Well, they can't call it "perception adjustments", now can they?
Its the time of the season.
People are so stupid that if it didn't happen ten minutes ago they can draw no correlation between inputs. And if they do get a glimmer, its chalked up to anecdotal, meaningless data.
Well then... it must be the perfect time for those good folks at the NY FED trading desk to take a well deserved vacation - they haven't had one since July 2011.
For a couple of weeks, turn off those computers, algos, HFT machines, primary dealer chat lines and no more media memos to CNBC, Bloomberg and Reuters every day. Turn off those $100+ billion dollar "temporary" reverse repos and securities lending.
turn it all off.
guarantee you we have an epic 50% collapse in this illusionary risk pricing mechanism they call a stock market. let's find out the real "price earnings ratio", cramer et al. i suspect it's mid single digits.
Well, Putin has Autism. So says a "Pentagon Study" that no doubt cost millions. My favorite line from the article: "Researchers can't prove their theory about Putin and Asperger's, the report said, because they were not able to perform a brain scan on the Russian president."
I could say 10 different things about this ranging from its outright stupidity to propogandistic character assasination, but I think I'll just let my head explode instead.
(Also, I'm fairly sure I just made up the word propogandistic.)
http://www.cnbc.com/id/102402173
I can't prove that Obama is a Black Nationalist with Socialist leanings, determined to destroy America and remake the world in his image without a brain scan, but all evidence does point in that direction.
The pot calling the kettle an African American
Correction. The thing is a corrupt incompetent divisive despicable disrespectful arrogant narcissistic sociopathic pathological liar. Behavior reflects personality.
ND, before your head explodesed, did you make sure to insert a few 3" nails from that nifty gun you have there?
That way your obit will read: "Suicided, apparently by autistic, propagandistic, Russian leader who doesn't have Asperger's. Leaves behind loving nail gun and 257,000 new jobs, seasonally adjusted, just in case."
If I was Putin and they said I was a mental case I think I would buy 25,000 silver futures contracts and take delivery like yesterday.
Crazy, am I..
I feel compelled to apologize for being so negative the past 4,5,6 years and doubting our brilliant leader, Obama, the astute financial guidance of Ben Bernanke and the genius of Janet Yellen.
That Steve Liesman is a really smart guy, too.
I must immediately sell all my gold and silver and invest in stocks, thinking, Netflix, LinkedIn, GoPro, BABA, APPL, Twatter, Squatter, Holy Moly and maybe some Jebezzus.
Any stock that has social in it and produces nothing except time-wasting is the perfect fit for anyone's portfolio. And, I'm definitely buying a car that drives itself and a toilet that wipes my ass.
Everything is so fucking awesome. Thank you, president Oboner and the exceptional congress. You've made America greater than great, which would be superexceptionalgreaterer.
finally someone gets it!
All we need to make this a glorious success is for ALL of us to get on the crazy train and say.....
"YES WE CAN!"
"YES, WE CON!"
Wasn't there a fable about a king whose kingdim went insane from a poisoned well by a jealous witch. The kingdom proclaimed the king was insane so the king finally drank from the well and then the kingdom rejoiced the king had regained his sanity? From Serpico i think.
why do they bother....
BUT eventually the economy must bottom out...and one day employment will really increase.
Which kinda makes me laugh because some of the worlds most brilliant people had/have aspergers.
Ask bill gates, mozart, einstein..etc
You bet. The fudgepacker in chief loves ass burgers.
Wow! Gold is down almost 2% in just under an hour, but, I guess that's pretty normal for what's considered the ultimate store of value.
I wet my pants a little.
ZeroHedge should apologize to its readers for being bearish on US, and bullish on PMs entire time. DEAD WRONG, God know how much money people lost and missed out making, while being brainwashed by this fearmongering doom porn site.
No one knows what a seasonal adjustment is.
It's funny.
Crude is UP 4%
USDJPY about to breakout.
I thought good news was bad news, and bad news was good news. Now why is good news good news?
Does that mean bad news is bad news now?
When stocks move on margin...well only one way to go.
Everything is awesome!
Dollar hegemony at it's peak. Its the payback that will be the bit*h.