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Stocks Finish Flat As Selling Scramble Becomes Buying Bonanza, Crude Slides
BTFD You F##king Idiot!!
Quite a day...
- Absolutely no news from Europe - no positive steps at all (which means only Tsipras hard line against Germany's wall) left Greek stocks/bonds smashed lower... But screw that - Buy US Stocks.
- Massive inventory build in crude, record production and oil prices stumble back below $50... screw that - Buy US Stocks.
- US Macro and Micro (earnings) data weak... screw that - Buy US Stocks.
- Ukraine Peace Deal (well not really - just affirming the truce that never actually happened)... screw that - Buy US Stocks.
- Huge demand for US Treasuries at auction must mean someting? .. screw that - Buy US Stocks.
- Carl Icahn says AAPL should trade $216... Buy AAPL (and US Stocks)
- Carl Icahn says market will crash and is hedged against everything - screw that - He's an idiot!
A serious roller-coaster in US equities as they drifted lower overnight, ripped as always on the US open, dumped on a well-bid Treasury auction, and then went into panic-buying vertical dip-buying mode realistically on nothing but perhaps some comments from Ukraine... then confirmation that no deal was likely today (or ever) took the shine off...
A wild ride today... NASDAQ decoupled from the rest thanks to AAPL..
Which leaves stocks green on the week... with only Small Caps still red...
Thanks to the ongoing meltup in AAPL as it LBOs itself in meteoric manner using all that levered debt to buyback shares according to Icahn's wishes...
Treasury yields ended the day 0-2bps marginally higher (but most notably bid after the 10Y auction went off very well 1.4bps thru WI)...
The USDollar limped higher on teh day (up 0.25% on the week) as JPY/CAD/AUD weakness led...
Crude dropped most notably as silver holds positive for the week
And crude dumped on Inventories perfectly test 48, ramped to perfectly test 50 then dropped...
Seems like WTI is the new VWAP...
While most like to note that stocks are near record highs as crude hits multi-year lows - signaling no correlation - in fact the intraday correlation (while volatile) has tended to be very high...
And finally... STFU with the "US Economy is strong" bullshit!!
Charts: Bloomberg
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Screw all risk management, buy risk.
Risk is the new safe haven.
VIX may be a safe haven
Blind eye bullshit is the new safehaven. If you don't like your reality, pff don't aknowledge or keep your reality
Fuck the SPOOs.
Silver may be the new safe... wait.
The Apple-Samson Option.
Its also a Double Irish arrangement with Dutch Sandwich.
Full-up Tax Frappuccino.
Powerful Hope.
It hints at new special Greek (zero) tax arrangements coming soon.
If no corporate taxes were paid, then profit would be much higher (for all..post-Reset).
Is this good for American stocks?
why is oil still Dropping? (gas is up here) why why why???
The ththing about gold is that there is not a lot of it.
Same with silver.
Good luck being levered to either since "no one is ever selling."
If you're not levered a million to one in the oil business...well, you're just not in the oil bizness mister!
my roomate's step-mother makes $63 /hr on the laptop . She has been out of work for 6 months but last month her income was $18793 just working on the laptop for a few hours. more info here www.globe-report.com
Last words of "Cherokee Bill" hung at Fort Smith, Arkansas on March 17th, 1896 for murdering 7 people.
"I came here to die. Not to make a speech."
Gotta like a guy like that.
Close call yesterday and today with 2073. Figured they would be guns a blazin' with the "everything is fine" horseshit today but got nothing out of it really. We shall see.
these charts look like the mood swings of a manic depressive.
brain waves of teleprompter reader in cheif. truth, what needs to be heard, truth, lies, truth, moar lies...
Sounds like Goodfellas:
Business bad? Fuck you, pay me. Oh, you had a fire? Fuck you, pay me. Place got hit by lightning, huh? Fuck you, pay me.
slow day cept moar woar...
War is bullish for the economy say Krugman, bullish!!
Who says Janet ain't in charge of this bitch!?
Thuglife!
well yea, they fund it...
ES trapped longs above Globex high and thoughtfully brought them back to Globex low and then some (nice) where I dutifully covered my shorts and went long where they then took me all the way back to Globex high again (even nicer).
Just as i thought, no decisions. And there wont be any. Apparently the discussion now "according to officials" is about a "short term bridge loan". I believe I have heard that before, that can kicking apparently never gets old. Fuck em all!
--"and finally STFU with the U.S. economy is strong"--- Please put that man on CNBC tomorrow...lmao
Mid-70s Genesis, as revised by central banks:
Print with me
Like Keynes, I hope you'll always be
Ready to monetize if ever I need you
Oh my doves
In our hands
They’ll feel so safe and so secure
And every day is such a perfect day to ease
Along with you
I will bankrupt you, will you bankrupt me
All the currency fights that we know will be
I will play with you, will you play with me
Just a single rate hike each 15 years
We’re in the dark, but I see so very clearly now
Global stocks are melting up so slowly now, lifting away
We’ve all pledged
To normalize for many years
It’s close at hand
Ah … except for that thing you did
And, now I fear I must:
QE4 while you QE3
It will bankrupt you if you follow me
I’ll peg mine to yours, you’ll peg yours to me
But there’s still one point where we all agree
Not a single rate hike in 30 years there will be
.
all your dip are belong to me
What I find amazing is how the markets are trading on hypothetical geo-political event headlines, and completely ignoring geo- macro financial reports and P/E ratios.
It's pretty interesting how the Human species can acquire knowledge and build upon it from one generation to the next, and be so completely naive and short sighted when it comes to financial knowledge.
It's always different this time...I'll know when to get out before everyone else. </sarc>
If you're not trading on inside information....
tech always changes/advances---poilitics/economics do neither-at least not for the last 10,000 years
There is always some Central Bank issuing QE, right? I mean, that is the only qualifier left as I understand it. Perhaps another bong hit of confederate bank notes would give me some insight.
and here comes the shit-ramp we've all been waiting for..
Credit and F/X aren't buying it. The move higher on T-10's is slowing. S/T bond yields are coming back in.
U.S. Mortgage Macro was horrible this morning.
04:00 USD MBA Purchase Index 175.1 187.2
04:00 USD Mortgage Market Index 501.8 551.2
04:00 USD Mortgage Refinance Index 2,395.8 2,669.9
when did the F/X or whatever else "bought it"? horrible macro news? - buy stawks!