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Fed Growth Cut Unleashes Panic Buying Of Everything; Dollar Plunges Most Since 2009
Oil spiked 6% because "The Fed said the economy is slowing"; Stocks are up because "The Fed said the economy is slowing"; USD strength is a signal of the strength of the US economy which "The Fed said is now slowing"; Small Caps hit Record Highs because "The Fed said the economy is slowing"; and Nasdaq Tops 5,000 because "The Fed said the economy is slowing" - really only one thing for it...
Where to begin... Here is best...
or perhaps...
Hahahahaha pic.twitter.com/2PZ5bae7Ha
— Axios (@AxiosCA) March 18, 2015
But seriously - look at this idiocy...from the FOMC statement...
TICK topped 1350 twice today - total panic buying...
Financials lagged post FOMC...
With Nasdaq topping 5,000... (and Russell 2000 record highs)... and faded
Swinging stocks from red for 2015 to (near) record highs... (Trannies still red YTD)
VIX was clubbed like a baby seal
Bond yields collapsed (10Y under 2.0% again)... 10Y hit 1.92%
This is the biggest absolute drop in 2Y Yields since March 2009...
The USD was baumgartner'd... (led by EUR and Swissy strength)
This is the biggest percentage drop in the USDollar since March 2009...
Commodities smashed higher led by total insanity in crude
Think about it for a second... Fed enable lower rates for longer... which enables these forms to live longer than they should and produce more crude and this add to supply in a low demand world (Fed just said economy is slowing) which is merely exacerbating teh delfationary pressure on oil prices and the rest of the world.. So Buy WTI!!!!
Charts: Bloomberg
Bonus Chart: Pin the tailk on the donkey...
The #Fed was clearly worried about an adverse market reaction to its decision to drop “patient” from #FOMC statement.
— Joseph A. LaVorgna (@Lavorgnanomics) March 18, 2015
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OUCH! US Dollar Index 97.69 -2.35 -2.34%
Great overview of how we got here, starts slow but great read:
http://debtcrash.report/entry/history-and-introduction
I spoke too early! US Dollar Index 95.79 -4.25 -4.25% The usd/jpy just flash crashed down almost 100 pips through the 120.00 handle.
We Lehmanized some folks....
All you need to know:
http://www.acting-man.com/blog/media/2014/10/chart-2-JGB.gif
Japan's past is our future...
Cash, Bonds, Gold...
The "cleanest dirty shirt" is picking up a bit more dirt.
Good! It's been "propped up" for much too long to help keep gold & silver down.
I'll say what I said from the other thread just now:
I wonder what those charts would have looked like if the "markets" were 90% human like the olden days rather than 90% algo-bot vaccum tubes?
And how about prior to the good 'ol interwebs....hardly anyone would have known about a nothing day like this with a not so impressive FED statement.
We barely would have noticed a blip.
This looks like "pump the dump" (things are slowing and we at the top have that message for you that things won't be as rosy as we hoped in the past) and now start squeezing the shorts by the balls as those investors acting cautiously as a result of the news will not know what to do or even know what hit them when the buying panic sets in.
Isn't it obvious what happened with the vix flash crash? Someone obviously knew todays playbook and tried to execute it ahead of the FED to pick up some product at a better prices.
yeah, they too sensed the dollar getting too frothy and jawboned it down.
just like they do with anything that they feel needs manipulating in their preferred direction.
(except gold of course) haha
Reminds me of gold in sept 2011. Except this has no bottom. Its gonna blow yay
"Vix clubbed like a baby seal" !!!! great imagery.
gotta buy more vix calls......how far out, folks? 2 mo? 4 mo?
Bernanke's lifetime! Rates aren't going up during his lifetime
... which might not be that long...
mmmmmmmmm
baby seals....
enjoy it while it lasts
King Dollar going nowhere
How does the media spin this shit for Main st.? Markers soar higher on worsening eCONomy. Even the dull can smell something doesn't taste right.
Main St doesn't read anything more complicated than a comic book.
Spin not really required now.
...until it gets "sent".
What sort of post-FOMC reaction do you anticipate tomorrow, YC?
It's all about Jobs and Philly macro.
USD Initial Jobless Claims 292K 289K
USD Philadelphia Fed Manufacturing Index (Mar) 7.1 5.2
Fundamentals?! Are you mad? :) Read somewhere Philly has one of the highest market impacts of 10:00 econ reports. Also wonder if many players skip trading on FOMC days, tired of whipsaw crap, but then cause day-after reactions from hedge-unwinds, etc. Will be interesting to watch.
No one gives a shit about Philly report. Who cares aboutany report cept RECORD employment of Wait staff and Bar tenders - 90 % with BS degrees.
Hell the fucking Fed does not even believe the report by ITS OWN fucking staff in Atlanta! Did you hear Yelling discussing GDP? Sure as hell wasn't the 0.3 ZERO POINT 3 number HER fucking FED staff produced. I do believe that she uttered 2 to 3 or some such. Piss on her. What a freaking joke this was. But I guess she is happy - cause she ran stawks back up to near records.
Imagine the reaction had she stressed that GDP is actually a basket case at 0.3.
"buy everything"
I bought something today, got a bit of a tax return. Couldnt make it to the LCS until after that fucking troll opened her lying mouth, so I got there AFTER gold and silver shot up. Should have gone there first, oh well...
It's still cheep. Don't sweat it.
I bought some spar-varnish at almost 1/2 price to refinish my boat seats(20/37.95). I'm happy, ha...
Just bought a prebuilt cabin12x24 for 2900 bucks , and will deliver for free, deflation rocks if you kept your powder dry
WHere did you get Your cabin?
Local lot that sells them . This was a repo but it looks like new
But the whole world is clamoring for USD's! Yea whatever.
It's all Bullshit!!!
Value for money, Buy a Hitman, I'm sure they will be in great demand.
it's the recovery, stupid
They should be worried about the American people dropping "patient" from their vocabulary.
Thanks for the laugh.
Let's see: March Madness is here; spring is coming; Easter soon will be here, too, along with major league baseball, the hockey playoffs, and longer daylight hours. I'd say there is plenty to distract the American people from the important things.
Just as always.
RE
"Americans should go on and live their lives" - Ben Bernanke
And they will. And so will markets.
At least the activity above you mention spurs some sort of economic activity. ANd I foresee some data manipulation going into Q2 to make things SEEM as if shit is OK.
But once August hits? And both a rate hike and the debt ceiling talks loom?
That's when the fun begins.
We might hit DOW 20k before September, too.
No, stop laughing. I am serious. OK, I am laughing too. What a joke this "market", is.
Don't anybody tell me you didn't BTFD out of everything this a.m !!
I bought a hooked carpet ripping knife [because my basement flooded]... It kinda looks like Rothschilds nose.
"Well the City of London set this whole thing up. JP Morgan was simply an agent for the Bank of England when he organized this meeting down in a... Jekyll Island Georgia and a, the Federal Reserve bank of New York... the stock is principally owned by five merchant banks in London chartered by the Bank of England. So you see every decision of the Federal Reserve Bank of New York a... comes out of London."
~ Quote Eustace Mullins.
Quote occurs at 19:30 mark.
https://m.youtube.com/watch?v=HrwQac7IxkM
If you see something... BREAK SOMETHING... Then buy a replacement...
what ...the ...fuck just happened, 50 handle SPX move because?
“You’re So Lame” by Carly Simon
You walked in to the press room like you were walking into a yacht
Your hair rustically trimmed above the neck, your scarf in a noose-like knot
You had one eye on the markets as you watched yourself go by
And all the hedgies dreamed they’d be your partner, they’d be your partner
You’re so lame, you probably think this post is about you
You’re so lame, I bet you think this post is about you -- don’t you ?
Well you duped me over a year ago, when I was still long duration
You said you planned to normalize, before we saw inflation
Well you made the case you were no dove
and fooled no one . . . but me
I had some shorts -- now they’re shrouds in my coffee, shrouds in my coffee
You’re so lame … etc.
Well, I hear you went up to Jackson Hole, and your plan won support
Then you flew your team back just in time
to see the total eclipse of the shorts
Well you leak to press shills all the time, and before they print, they get
some underpriced SPY for their wives and their close friends,
wives and their close friends
You’re so lame . . .
(another zero talent kike, Carly Simon)
but KCS, funny stuff... keep them coming!
Now THERE'S the class I've come to know and expect here on ZH.
and your rebuttal is what?
a) Carly Simon is not Jewish;
b) She is but was coincidentally an amazing vocalist and songwriter;
c) Neither applies;
d) another talent-less Jew foisted upon the world by jewish controlled Music and media biz
Carly Simon, daughter of Simon of Simon & Schuster.
I'd have hit it.
https://www.youtube.com/watch?v=4Zz8mbqtgO8
A better Carly Simon vid.
https://www.youtube.com/watch?v=Ux7HgO9QhAc&list=PLDE8801DA854BFA13
Actually, I find her work on several old standards to be better than most.
Too, there's that picture of her legs (leg?) on one of her albums that I can remember decades after the fact.
Of course I’ve been listening to more 70s music w/ the daily parodies, and have mixed opinions. On the one hand, there is support for those finding song constructions a bit stiff and pedantic, perhaps an unfair appraisal benefitting from 40+ yrs of hindsight; but more than any period it seemed each hit could instantly carve out a unique ‘moment’ and be more perennially memorable. Hard to separate differing delivery systems (transistor radios in summertime, everyone in the neighborhood relying on same 2 or 3 stations vs. purloined Mp3s) and impact of teenage years on memory/nostalgia, but I find I’m hearing them much differently now, in a way that combines a renewed respect for songcraft with a degree of kitsch and camp that creates a unique, approachable whole, unlike many 70s movies and TV, which for me are increasingly hard to sit through.
I went to the desert with a whore with no name....
;)
It felt good to be out of the rain.
In the desert you can remember your name,
'Cause there ain't no one for to give you no pain.
La, la, la la la la, la la la, la, la
La, la, la la la la, la la la, la, la
Replies like that keep me coming back.......har.
Replies like that keep me coming back.......har.
Ooooo yea the Fed was real skeered im sure....fuck off Joey Baloney!
Now that the dollar spiked we have to knock it down. More larger QEs coming.
>> S & P down more than 1% tomorrow
>> Nope.
WTI up $3 from low of day
pathetic
hope crude buyers have a spare swimming pool ... or hundred to store it
record inventory build showing no signs of slowing
There is NO Glut in Oil...
That's just KoolAid for the gullible.
Check the real numbers, not the MSM
sorry but there is a giant glut...the US and Canada can pretty supply the US....we now have to sell the refined product to not be awash. With Fracking...the world is awash in $50+ plus oild for our lives.
True...if you are dead by 1/1/2017.
what "real" number?
i go over the EIA inventory report every week when released ... current build (for this time of year) is the largest in over 80 years
You know - the *real* number that they keep in a hut in Kenya along with Barack Obama's Kenyan birth certificate. The long form one, not the short one.
THAT *real* number.
Totally shocked over here. If oil does not shit the bed over the next week I am going to assume no potential crash until the fall. Just a gut feel.
More smart money just bugged out of the USD$.
Shit, these Americans are nuts.
Waiting for the next CPA firm to be sacrificed.
I doubt anyone here believes the Fed will loosen control over the stock or bond markets and let the free market set prices anytime in the upcoming years. Basically, they are saying, "Yeah, we may or may not raise rates this year, but if we do, we will raise them slowly and not by enough to be relevant and, no matter what, the endpoint of the tightening will be below where it should be."
That is as good as not tightening at all. This won't be ended by the Fed. It will be ended by geopolitical events or the crash of an asset bubble caused by Central Banks.
I'll laugh if/when Fed ass hats finally do announce the much awaited rate raise, and it will be .1% or less. Sanity has left the building forever.
What khakuda said. Bears be like in Rahmbo 4 when the missionaries want to go up river and he asks why, and they say to change things, and he asks if they have weapons and they say no, then Rambo says, " Then you aint changing anything". We need a Rambo.
What khakuda said. Bears be like in Rahmbo 4 when the missionaries want to go up river and he asks why, and they say to change things, and he asks if they have weapons and they say no, then Rambo says, " Then you aint changing anything". We need a Rambo.
If rates go up... Disaster NOW!
If rates go down... disaster later...
...preferably much later...
...like Not On My Watch... later...
Get It???
Margin calls
WTF!
Please educate me why the USD plummeted??
Rates ain't rising much, if at all.
Because Yellen is insane.
Yellen is NOT insane. Crazy as a fox, but not insane. When you see the FED members in line at the El Al Airline counter buying one way tickets you'll understand. Its the one thing they learned from their Weimar Germany time.
IT'S A MADHOUSE!
https://www.youtube.com/watch?v=VFCM6TZgTMI
The commie Apes win.
From my cold dead hands!
For God's sake!
Perfect opportunity to buy back into DWTI.
everything but DAX (still suffering from vertigo) - obvious deduction is: same (non)money make the rounds around the world markets - do not be fooled, stay well clear
Yikes, major currency moves after the close.
Ba ha ha ha ha ha ha ha!
Well I said 18000 by last Friday,,, 3 day's off. Maybe I should go into stocks?
Naaaa,,, Heck, there's no challenge... Just BTFD. That's it.
Investing has never been soooooo boring. LOL
NY Times says rate increase possible by midyear because Fed says economy is improving:
http://www.nytimes.com/
Hee hee.
The Big 4 CPA firms are: E&Y, Deloitte, KPMG, and PwC.
Who will be sacrificed next to the gods?
So easy a chimp can make money.
Tyler, what don't you understand? By now you should get it.
The un-fed won't raise rates in Sept. either. Or this year for that matter, won't be surprised to see DOW 20,000 by years end. It does not take any deep thinking to see where we've been heading since Paulson went and jerked a knot in G.Bushs ass back in '08.
Even if by some fluke they were to raise by that measley .25 they can reverse course on a dime and the market would go flat out ape shit with glee!
This ugly fucking shit show of fiat death has a long way to go!
"...won't be surprised to see DOW 20,000 by years end...": Then make some bucks offa DOW and stuff that into gold. Anybody have a better idea??
And XOM jumped up two and a half percent on higher than usual volume as oil went up.
BTFD then BTFATH....there....nothing to worry about...
But....but....'the growth story' etc, LOL!
Looks like we never will see interest rates higher than Zip. Might tank the markets and throw us into a new depression like 2006.
Send Janet some candy and hope she keeps smiling.
its pretty simple, a slowing economy means no rate hike which means makets will continue up. but the dollar down as it will remain cheap.
can we get the ''everything is awesome song'', because everything is fucking awesome!!
just look at the nasdaq, closing in on 5000 again, its time to party like its 1999 again
IT'S A MADHOUSE!
https://www.youtube.com/watch?v=VFCM6TZgTMI
The commie Apes win.
From my cold dead hands!
For God's sake!
<----The Fed will never raise rates.
<----The Fed will NEVER raise rates.
A touch of context folks, bring a bit of normality into the situation. Since 2008 I have done everything humanily possible to withdraw from this fucking shite system we call life. And if I dont say so myself I reckon I have a done a smashing job of it, as I have no liabilities at all, not fucking one.
Till my nearly eighteen year old daughter asked her dad for a heart to heart today, shes went back to sit her A levels, and after talking to her friends and teachers, and hearing me on, she feels lost, confused, and doesnt know what she either wants to be when she decides on a career, or knows what she actually believes in, shes frightened, like a lot of folk.
And I have never felt worse, not once in my adult life, I had nothing to say, nothing to give, the best I could do was give her a cuddle like the dad always has. So, GCHQ, NSA, let this be known, there is coming a day when inthemix, and people just like him wont be going to work, saving gold and silver, prepping for a future you dont even want to imagine. And its fucking close you child molesting protecting cunts.
That day we come for you, yours, and those you protect, the child raping fucking fiends that think they were born to rule. My bairn had no say in this shit, you fucking do you fucking cunts.
Filth doesnt even begin to describe what you filthy bastards are, just think on, you wont get out of this boys, none of you will.
Cunts, utter fucking child abusing or covering it up cunts.
The master ranter is back...ucking unts indeed brother inthemix!
"Think about it for a second... Fed enable lower rates for longer... which enables these forms to live longer than they should and produce more crude and this add to supply in a low demand world (Fed just said economy is slowing) which is merely exacerbating teh delfationary pressure on oil prices and the rest of the world.. So Buy WTI!!!!"
No. The USD crashed becasue everyone realizes beyond a shadow of a doubt that the printing is not over. All USD assets repriced against that on a global level. WTI is one of them. Gold is another. yadah yadah yadah.
So VIX is supposed to be a market product to hedge and measure risk. Why can't we have a market product for "I do / don't believe the Fed will raise rates over x period" That way the Fed could have a measurement of how many people believe them (that they could manipulate) and the people who are correct get some dosh (but it would be very little, obviously).
Dear bankster scumbag reading this post,
Original idea, do not steal. Please remit over one BILLION dollars to Mr. Bones.
A strange game. The only winning move is not to play. How about a nice game of chess?
Let me get this straight because it is quite confusing:
BLOOMBERG: Fed Drops Patient Stance, Opening Door to June Rate Increase http://www.bloomberg.com/news/articles/2015-03-18/fed-drops-patient-stan...
But, YELLEN: “Just because we removed the word patient from the statement doesn’t mean we are going to be impatient.”
And, Still, the committee lowered its assessment of the economy, saying growth has “moderated somewhat.” Export growth has weakened and the housing recovery remains slow, according to this month’s statement.
So with the (be it vaque) prospect of tightening and risk on the dollar should rise oil should go down. NOT!? Yet the 10 Year yield went down so risk on.
Brent crude $56.55 and U.S. crude $45.03 A Barrel Now
Brent crude $56.31 and U.S. crude $44.82 A Barrel Now
Brent crude $56.21 and U.S. crude $44.69 A Barrel Now
http://www.bloomberg.com/energy/
US Generic Govt 10 Year Yield 1.91% Now
US Generic Govt 10 Year Yield 1.92% Now
http://www.bloomberg.com/quote/USGG10YR:IND
Although now oil seems to go down again and the 10-Year yield up a bit.
I need a vacation https://www.youtube.com/watch?v=if-za0Lu7tI
So with the stock-market going up together with the dollar selling off, oil going up the over all FED message is, we got your backs no matter what.
“Patient” Out, But Fed. Will Continue To Backstop This Market. By Gregory Mannarino https://www.youtube.com/watch?v=TYdKBaEDX9MWTF
so much for land of the free
http://www.washingtontimes.com/news/2015/mar/18/obama-calls-mandatory-vo...
Are the machines now sentient? Are we the creator now to be eliminated because of our "paranoid delusions" and belief in some "Manichaeans struggle" ethos?
W
T
F
just
W
T
F
If you still see stuff to buy your a fuckin moron.
Most people will tell you that stocks are fairly valued or overvalued, then today the fed reduces its growth forecast for the US economy (translation, corporate profits are going down) and the stock market is off to the races. To me this tells me that the market is no longer trading on fundamentals and is just hype/ momentum. This can last for a long time though but at some point there is a day when fundamentals take hold.
The choice is to invest to develop wealth or gamble on a claim to wealth. A simple choice.
It's all the youngsters know. What dey been taught growin up in commutopia.