This page has been archived and commenting is disabled.
Nasdaq Rises For 10th Day In A Row, Bonds Rally Most In A Month
This seemed quite appropriate - from both the "bubble risk is contained" perspective as well as "dangerous things creeping up on you when you least expect them"...
Stocks melted-er up-er today - extending Nasdaq's win streak to 10 days in a row... the Nasdaq nearly dipped into the red with a few minutyes to go as AAPL dumped but the last minuite rescued it...
By way of interest - the entire 2015 points gain of the Nasdaq is accounted for by just 5 stocks.. breadth?
But AAPL had a very active day... ugly open rescued by Yellen then selling pressure off new highs, bounce and ugly close... AAPL closed red
Quite a day in stocks... all centered on Yellen... (just proves that everything is awesome) - notice the quick dump at 1230ET (930PT on chart) - when 10Y yields broke 2% for the first time it triggered some inst-algo-selling...
From Yellen's testimony...
Does this look like humans?
VIX collapsed today with short-term VIX testing a 12 handle and 'normal' VIX 13.50.
But it seemed the bond market was just as ebulliently signaling no growth... the biggest 2-day drop in 10Y yields in 6 weeks... 10Y now back under 2%!!
Or just the all-clear to squeeze few more bond shorts...
Yellen's testimony sparked a Dollar dump - but it remains positive on the week still...
Despite the USD weakness, gold and silver flatlined (though note the pump and dump in silver around Yellen), copper jumped and crude dumped into the NYMEX close and held losses...
From Yellen's testimony, Gold and Copper rallied notably, silver was flat, crude was dumped...
Yet again big selling pressure into the NYMEX close...
Charts: Bloomberg
Bonus Chart: 2000?
Bonus Bonus Chart:Or 1998?
Bonus Bonus Bonus Chart: The Nikkei 225 is now the most 'expensive' to the Dow since its big plunge in 2013...
»
- 6774 reads
- Printer-friendly version
- Send to friend
- advertisements -
FDIC out today with Q4 bank quarterly
"However, fourth-quarter net income of $36.9 billion was $2.9 billion
(7.3 percent) less than in fourth quarter 2013, as the four largest banks reported year-over-year declines in
quarterly net income totaling $4.1 billion. The average return on assets (ROA) fell to 0.96 percent from 1.09
percent the year before. This is the first time in two years that the average quarterly ROA has fallen below 1
percent"
https://www2.fdic.gov/qbp/2014dec/qbp.pdf
... but Dicks also fuck Assholes
So you're saying that the pussy-in-cheif has become so full of shit that he is now an asshole?
And if Dicks didn't fuck Assholes....than your Dicks and your Pussies would be all covered in shit...
Off topic, but I just don't see how they can keep this market going vertical for much longer.
I see $2.4 trillion ways that they can keep it vertical for a while longer.
http://research.stlouisfed.org/fred2/graph/?id=EXCSRESNW,
That's a lot of slack in the system that needs to be taken up. Of course, it could get taken up over night in a bond crisis of some sort.
Thank fuck for that recent cluster of Hindenburg Omens otherwise my positioning for S&P 2200 would be deeply underwater. THAAAAAANK FUCK FOR THAT.
my neighbor's mother makes $86 /hr on the computer . She has been laid off for 10 months but last month her pay was $21128 just working on the computer for a few hours. go to the website... www.globe-report.com
All about the minutyes and minuities.
What happens if AAPL shrugs?
Will the market take AAPL down with it or will a drop in AAPL initiate the correction/crash?
No real trading anymore. Only two groups: a) HFTs swimming like protozoa in a water drop; b) fund mgrs investing 401(k) monies and/or treasury stock depts. with 2 buy points: 1) 10:15, after shitty econ report downdrafts; 2) chase each other in late day low volume ramps to keep cash low (to better match index bogies).
Like those little fish that swim near whales, eating waste and tidbits, this is our ‘market’ . . . ‘cept the HFTs are more like piranhas, and the big funds use algos, and . . . anyway, you get my point :)
"A strange game. The only winning move is not to play. How about a nice game of chess?"
...to think a liberal geezer grandma could have any positive effect on anything with 2 minutes of mumbling just boggles my mind.
Would you think differently if she were a conservative geezer grandma?
great short a coming, but when?
it would be easier if it wasn't my money...
Only Icahn understands AAPL, i will hold until $216...
he wouldn't just be talking his book, would he?
EVERYTHING IS AWESOME!
Tylers- in the internet blogging world does the fact that the FCC is about to pass Net Neutrality (the most mis-named program since the Affordable Care Act) give any of you guys pause?
1. It's brought to you by the Obama administration. 'Nuff said.
2. No period for public comment. (Which I think is actually required by law, but I'm not a lawayer)
3. Nobody will know what the regulations are until the FCC votes on and passes them. Expectation is alll internet service providers will be brought under Title 2 (regulated utility).
I'm sure it won't be a problem for ZH. Not like anybody in government would ever want to find governmental control methods to censor this place.
Nobody listens to what we have to say anyway. If they shut down places like ZH it would be for spite.
‘BENNIE and the FEDS’ by Elton John
(Tribute to the man who started the madness)
Hey Kids! The QE plan’s together
If rates don’t rise, I can blame it on the weather
We’ll declaw all the hawks tonight, so stick around
You’re gonna hear an eclectic plan
That would make Keynes proud
Say, Fisher and Plosser haven’t seen it yet
But the rates hikes are SO spaced out
B-b-b-Bennie and the Feds
Oh, these low rates are so wonderful
That Bennie, he’s really keen
The Dow’s electric moves
I just can’t lose !
You know I read it all in Time Mag-a-zine
B-b-b-Bennie and the Feds
Hey Kids, plug into the shameless
Maybe we’re a little dovish
But Fisher makes us crazy
I knew we’d accept his challenge all along:
A Wii Golf match will determine who’s right and who’s wrong
Say, Yellen and Evans are 10 under par
The hikes will be SO spaced out
B-b-b-Bennie and the Feds
Oh, The Beard and The Wonderfuls
Those Fed folks are really keen
The Dow’s erratic moves
If I should lose
You know they’d ready a new batch QE, oh-oh
B-b-b-Bennie and the Feds
If the sun comes up, means sell gold. WTF happened???
Boom-bust cycle.
"The problem the Fed was created to stop is now actually creating the problem."
I see no reason to get rid of the Fed actually. Just simply trade against their "book" (meaning the "dual mandate" of higher highs then lower lows) and everything will be fine.
Just don't call your debt money Mr G man....
Home Depot to buy back $18 billion in shares.
http://www.myfoxatlanta.com/story/28184314/home-depot-4q-tops-street-on-...
Free money is magic
But but but..... The muppets have not entered the markets yet. Just might be next week.
Me winning isn't, YOU DO!
- Ty Webb
Each time the NASDAQ go up - the closer is a payday of the overvalued Tech stocks!!!
Read here about few good short sell ideas in Tech stocks universe:
http://prudentvalueinvestor.blogspot.com
You are in luck shorts. Given that OPEX on everything is March 19 they are going to have to shake the trees in the next week or so to even up the Put/Calls and steal some shares
I'm thinking about going back in to UVXY. Back near 52 week lows. I made 60% on it in 2 weeks during the last market "drop" in December-January. Timed it perfectly but now I don't know if the markets will be "allowed" to drop...
The volume is just so anemic its mind numbing. AAPL again has more volume than SPY @ 4 pm est.
Pump the bitch to 19000-20000 and then stick a pin in it!
Buy 'em and they go up. It's too easy. It's VIRTU-ally assured!!
ZH, you're becoming much more descriptive in the picture bars. You should run a picto-squawk. I'd much rather see the risk on lego guy pop up, or unicorns in Europe, or Kermits asshole, frankly, than listen to Yellen Yahtzee or Troikanese all the live long day.
But, but, butt - EVERYTHING IS AWESOME! WHAT COULD GO WRONG?
I'm on my way down to the Ford dealer to buy a new 4-door diesel dually pickup with all the bells and whistles, nothing down, financing 130% of the price with a cash-back bonus I can spend as I please. And I don't even have a job! WTH if I have to, I can always live in the truck. Meanwhile, the chicks will dig it.