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Stocks Stumble As Greek Fears Trump Goldilocks Cheers
Remember Friday... Jobs were awesome, Ukraine 'peace', and Greece "contained".... well that's gone...
As is usual - overnight weakness (China, Ukraine, Greece...) gave way to panic buying rip-a-thon in stocks the moment US equity markets opened... but once Europe closed, the algos shit the bed and USDJPY took us down...
Trannies were worst along with their high beta cousin Small Caps.. and we closed weak
after a late-day algo scramble which perfectly ticked VWAP...
From Friday's jobs data...
Energy led the sectors today...
As Crude squeezed just a little higher... but note that it made a lower high...
An illiquid energy credit market has decoupled from a more liquid equity risk market... we've seen this before...
Treasury yields closed marginally higher on the day but sold off from European lunchtime...
The USDollar closed 0.25% lower as early EUR weakness (USD strength) was eradicated once US opened...
Just for $hits and giggles - here is the SNB in action managing to the 1.05 corridor... and then helping bring zee stabilitee to EUR...
A weaker dollar provided some support for commodities but copper closed weaker on crappy China trade data...
From payrolls, crude is green...
But oil and stocks decoupled and recoupled on the day..
Credit market participants have scrambled back into bonds as stocks ripped... but the advance-decline lines suggest that exuberance has run its course...
As the deja-vu-ness of the credit cycle continues to glare...
Charts: Bloomberg
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Nothing will happen move along.
Greece is part of a wider socio-economic problem - we as a community need to tackle poverty head on and continue the work of the past decades. Fighting poverty is a marathon, and we cannot be distracted by short term economic turbulence. We must stay focused on ending poverty once and for all. Today's article at the Accredited Times highlights some practical steps that progressives have been taking in the fight against poverty.
http://accredited-times.com/2015/02/09/breaking-the-cycle-of-poverty-2/
i just puked in my mouth
Had to re-read the last part. Thought you said "taking in the FIST for poverty" which would, in fact, help pay the bills.
Tasteless and maudlin. Bring back the real MBD.
Poverty sucks!
Yes, the 'wider socio-economic problem' is government. You are like government trying to spend other peoples' wealth.
MDB! Just read your comments at the online article you linked everyone here to. I don't even know what to say. But, once the fog of alcohol leaves me, I hope to remember then that right now I want to go back when I'm sober and reread what you posted there, too.
None of this was CNBC approved, so all of today's trades are hereby cancelled.
Obama: Iran nuke is against their religionhttp://tinyurl.com/kotzjgo
My Anaconda don't... My Anaconda don't want none unless you got BUNDS
Say it with me, boys and girls: This time, it's different!
This time, it's SPARTA !!
BULLISH! rinse and repeat.
Hey, you know, as long as we're talking here, I was wondering if you could tell me where you take a dump? I got some money riding on this.
Thanks and TTFN.
a bear
never poops and tells..
but a word to the wise
don't swim in the ocean ..
wb7-luv it. awesome-lol...
LMAO
call my people
make an appointment ..
bring walrus blubber
My feet stink, my checks bounce and the Lord don't love me no more.
Best turn on CNBS to see how much better I can feel about illusions and make believe
ES trapped longs above Globex high and then ran 'em down to Globex low from whence it trapped late day shorts and ran them poor unfortunates back to VWAP. Fundamentals? Purleeeeese!!!! repeat patterns my friends, repeat patterns.
This is it. It's all over now. Stocks down 0.5%
I was basking in the haze of Yellen’s finest hour
But heaven knows I’m vulnerable now
I was looking for a broker, and then I found a broker
And heaven knows I'm vulnerable now
In my life, why do I give even one dime
To people who don’t care if my account lives or dies?
Summer commodity plays hit my IRA
And heaven knows I'm vulnerable now
He was looking for the euro – I guess he found the euro
And heaven knows I'm vulnerable now
In our laws, why are there no crimes
For advisors who buy just the right thing
At precisely the wrong time?
What he bought for me at the end of the day
Gartman would have blushed
"Oh, you’ve been in cash too long" he said
And now they’re all, naturally, red
In my life, why do I pay swine
To ensure that I’ll never retire -- not ‘til age 99?
I was riding on parade floats strewn with Keynesian flowers
But heaven knows I'm vulnerable now
"Oh, you’ve been in cash too long", he said
And now -- everything’s RED
In my life, oh why . . .
do stawks shit it the woods?
I have Beans, Bullets and Silver. I have survival skills. I have LMIs (Like Minded Individuals) in my community. Short of a Drone strike we can weather anything from a stock downturn to west coast labor union strike to EU collapse.
I am the new 1%
you still taste like pork...
Europe puts Greece on Ebay
http://imgur.com/gallery/ByWZmCq
The markets are always slow to react.
The sub-prime defaults started in 2006 the crash came in 2008.
Home prices softened in 1926, car sales dropped in 1927, construction leveled off in 1928, the crash came in 1929.
The FEDs first round of QE came in 1923.
Sound familiar.
Decent start to what I said Thursday. Pop to 2064ish not likely over 2080. Then a very sharp drop below 1820.
Needs to explode through 2073 to invalidate.
I was of the thought we would retest the high but I doubt myself.
The dollar is fighting all currencies, gold, and oil right now. The odds are against it in the long run.