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Stocks & Bonds Soar As Dollar Dives
Despite being told by The Fed that stocks are over-valued, investors decided today was the day to take that money off the sidelines and BTFATH. Everything is surging in equity land as bad data, worse earnings, and Ukraine were trumped by a little old lady in Washington and a self-referential list of growth-destroying reforms for Greece. However, as investors sell sell sell their dollars (USD Index down hard) they are buying US Treasuries with both hands and feet...
Stocks are ripping...
Bonds are ripping...
The Dollar is dripping...
Charts: Bloomberg
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This is my take on Greece. (ahem)
Ok. Greece is broke. Greece is a giant shit sandwich and SOMEbody has to take a bite.
Nobody likes shit sandwich. Not even the French!
This concludes my presentation on the Greek situation. Questions? Comments?
Now, why doesn't Old Yellen talk like that?
You apparently never had a dog. They love shit sandiwches.
and roll in worse...
Only one correction I see...get rid of the word giant, cuz greek economy is about the size of the economy of SC? That's what I read last night anyway.
As a secondary question are you sure the French don't like shit sandwiches?
Does south carolina have 300+ billion in debt? No? I didn tthink so. It isnt the size of the economy that matters it is the size of the writeoffs to european banks that are already insolvent or nearly so.
Those aren't write off's, they are adjustments in monetary policy......
Someone's smacking the European close on PMs.
Buy Moar Stocks!
I feel the wealth effect coming right out my butthole.
I used to joke about my Dow 20,000 hats. It's just not as funny any more.
You can always change it to a SnP 20,000 hat.
No debt, think on the brightside. You will probably get to wear that hat in the near future, then put it away for a while. Then, when reality rears its ugly head eventually, just scratch off that last '0' and you now have a 'DOW 2000' hat. waste not, want not, mama always said
ND, it's obvious your not taking enough mind altering drugs, I recommend the Hunter S Thompson regimen to improve your view of alleged reality.
trade like a pro!
Tried that but on our street corners, all the men cruise by looking for women, but i'm a male lesbian.
What was the quote from earlier? "Stocks are not expected to move much on Yellen's semi-annual testimony"
aapl is green on the day after being down 1.40 earlier.
all problems r solved, everything is fucking awesome!!!!
Look at it from the POV of the algos/people who are buying. What else are you going to do? It doesn't matter if the Fed says stock values are too high or too low; it doesn't matter if macro is really good or really bad. The same goes for consumer confidence.
How does one get rich today? Starting a business? Not at all.
Say you think the "market" will crash. What are you going to do after you short successfully? Start a business? The spectacle is a giant transfer of "claims on wealth" as wealth isn't increasing but decreasing (i.e. crumbling infrastructure, extracting oil for marginal cost > marginal revenue).
Keep hoping the market rises. Because if it falls sharply, TSHTF.
Medical and Oil/energy/engineerig jobs are the only two that ring the in steady cash as of late, oil not so much as of now but in the end you are correct. The market has to keep going higher or its game over on a Biblical level.
Deflation is a-comin round the mountain...
Not Everything. My WOR took a 12% hit.
God hates me.
It's like people running to the side of the Titanic that will go into the water last . .they are all STILL going to die .. a few will be saved .. whomever got into a life boat while they could .. watching 'the market' is like watching a slow train wreck .. but you still know how its going to end.
The whistleblower just told you the markets are controlled by the Pentagon.
What do you expect?
Sure looked like the plunge team used the SOX semi index to accomplish their goals.
Where in the frack has all of the common sense gone to?
really...
http://www.kitco.com/charts/livesilver.html
no one can stop whore babylon!! who can match her? she's like joe montano, only way better ... buy buy buy :-) she laughs and sneers at the faithful, kicks prudence in the head, mocks the destitute, and howling like the creature from predator, humps legions of johns lined up from here to the moon an back.... ride! ride! ride! ride on whore babylon!!!
Can't trade Pre-Yellen, can't trade during Yellen, can trade any other time in anticipation of Yellen -- Christ! Let's just put her on a throne, price all assets to Infinity, and get on with our lives.
Perhaps Yellen has figured out cold fusion in her spare time and has leaked the announcement.
TD is smoking crack. Those that buy US bonds, are still in dollar denominated investments.
Shouldn't gold look better when the dollar takes a hit? Why is it dropping right now? I would expect the opposite to happen.
Since you've officially only been here less than 37 weeks the answer is:
"I'll take what is the New Normal for $1200 Alex"
Not to be confused with "Bizarro Abnormal".
When it's the only thing left, just BTATFH
According to INO the dollar is up 0.10 percent...
I wonder if anyone will ask her how much in S&P futures the Fed buys daily?
Ask William Dudley of the NY Fed and his people trading for him.
Now they can fund their national manhunt for the drunk with the red spary paint.
S&P up 0.5 points. It's soaring.
Gnats are also giants in the micro world, but they still don't mean shit and neither does this article.
That is a dive? The dollar is actually up on the day ever so slightly. and is not even 2% from the high of one month ago, in fact just over 1%. Hyperbole does not suit ZH well. Keep things real.
'And I waggled my wee, just ever so slightly'...great post! Thanks for sharing!
KING RAHRAH!!!!!!!