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FOMC Reaction: Buy Stocks, Buy Bonds, Buy Gold, Buy Crude Oil, Sell Dollars
"Moar Trade" On... 10Y under 2.00%, Gold Spiking...
And stocks are just loving it...
And Crude explodes... which makes perfect sense of course with The Fed slashing growth expectations...
Charts: Bloomberg
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BUY BUY BUY!!
Hit da button you mooks!
http://www.cnbc.com/id/100000942
comment of the year ^^^
Who says the Fed is boxed in? Still has plenty of mojo from where I sit.
People believe because they want to believe. Or they have to believe.
Absolute power corrupts absolutly.
Mojo indeed, enough to make or break the world economy.
Just because the flat tire has finally come off the rim and things seem to smooth out a bit is no reason to celebrate. All traction is lost and we WILL end up in the ditch, or worse still, head on into a brick wall. You only think the air bags will save you.
I don't get what the fuss is about. The consensus has been a September raise for a while now. Today's FED bullshit still points to a September raise. Algos and Yellen's milquetoast statements manipulating the market for whomever's gain doesn't change much IMHO.
September rate increase when the rest of the world is decreasing rates and continuing to ease monetary policy. I dont believe it. We will see negative interest rates before interest rate rise
Yep, a lot of cards left to play before this thing gets serious. As long as the ES continues to make ATH's then BTFD. When the day comes that if fails to make a new ATH then we will know things are getting serious as the TPTB will begin to lose control.
Gold is clearly out of control here...
The sun is up, and it is Wednesday.. WTF...
Rest assured that gold will be hammered back down soon though.
Maybe not!
Opening Of The Shanghai International Gold Exchangehttps://www.youtube.com/watch?v=7oKrLxNdTxw#t=41
Anyone that thinks the SIGE will make one iota of difference if regards to the cartel keeping a lid on prices suffers from mental masturbation.
Guess that depends on what price the SIGE buy and sell gold.
Sheepherder is a rewarding and exciting career.....
So the difference between "patient" and "flexible" is one percent on the DOW and about 20 Dollars in gold????
Blinking idiots.!
That is like the difference between "patient" and "guniea pig" to a fed chair.
Gamblers seldom need an excuse to place a bid. It takes cold hard facts to get them to leave the table and if they ain't willing to look, then chances are they will stay till carried from the room.
I would love 10Y at 1.00%. It would make my year.
Buy and Sell in the same day.
http://www.google.com/finance?q=OTCMKTS%3ASOGC&ei=r8XYVPHFIo6uqQG6zoDoAw
we're going to need more duct tape
Never enough duct tape...
Or ammo..
That's funny. Everybody *was* saying gold would instantly plunge below $1100 on this news. What happened? Maybe the plunge is scheduled for later tonight sometime.
Of course. You never sell gold during liquid times in the market. You always dump your gold during il-liquid times and take out the entire bid.
Said earlier, that this action in the dollar looks like the theater in USTs in Sep 2013 leading up to the FOMC.
They pumped the taper cometh story and USTs was desperatly sold in advance and then of course there was no taper announcment and treasuries spiked, just like the inverse Dollar trades are doing now.
That was a bottom and a reversal for USTs and they didn't care much about the actual taper later.
I agree..those were prolly the same folks callin for 30 dollar oil..
<snicker>
But in the new reality. .who the fuck knows whats going on ..cuz absolutely NOTHING makes sense anymore.
Here comes the USS Constitution to save the day!
BTFFOMC
Seriously did anyone really believe they'd allow anything less than a couple hundred DOW spike on FOMC day? These guys can pump 1% anytime they feel like it. Shitshow.
As strong as the USD is now there's no way they are raising rates.
dont worry, gold will be monkey hammered, most likely on friday, because it will be ''overbought'', yet the fucking s&p and dow r undervalued according to these fucks and must be bought moar and moar.
i want every banker dead now. EVERY
by far and away the dumbest thing i have ever seen - this is 100% about the USD moving up on them and her trying to get control over it - yellen just re-joined the global currency war & went all-in- she just sent her B-2s up & carpet-bombed the USD - white house's mr. furman, you just got your wish (so you can go back to NOT talking about dollar policy after u just sent a shot at the FOMC last week with ur "USD is a economic headwind) ... global coordinated effort - im sure this ends well - keep fucking with the currency - historically has been nothing short of a trainwreck
Those charts would make a great cover for the new book Flash Boys 2.. Just shows you how dangerous the markets are these days, 250 points because a Jewish hag moves her lips? Everything is great until it isn't, watch out below the ticking is ticking louder everyday
Let's go back to square one in this mess which is based in one simple concept on a global basis. There is too much debt and not enough income to service the debt. Period! In order to fix this problem, the world has done what most parties do when excessive debt is present. Extend repayment terms (tried around the world including Greece and Spain w/50 year bonds now). Check. Lower the cost of debt w/reduced interest rates. Check. Use secondary repayment sources including QE, negative interest rates, and bail-ins. Check. And eventually the last strategy, simply eliminate or default on the debt. In process with Greece soon to be the first real trial run after the US tried it back in 2008 - 2010 with MBSs.
The point is that the Fed as well as every other CB around the world realizes that the lessor of two evils, inflation versus deflation, is inflation and will continue to pursue policies in an attempt to "inflate" their way out of the excessive debt mess. And we're not talking about comfortable levels of inflation such as 1 to 2%. No what is needed, and the CBs know this, is inflation running in the range of 4 to 6% per year for a number of years to bring the debt to GDP and income ratios back to a reasonable ratio.
I'm not saying the CBs are going to win but at the same time, they're not completely naive to the situation and will work towards an inflationary environment, in some capacity, whether they admit it or not (probably not), in order to bring the debt to GDP/income ratio back into balance. Will it work, I doubt it as either the forces of deflation will be so great it will consume the world's economies or hyper-inflation will set in too fast (and the CBs will be caught flat footed).
I'm like most ZHer's and would like to see this farce end and the global reset occur to establish a real basis for future real economic growth. But I think the CBs have more ammo, resources, and fuel left in their tanks to keep the story alive for a while longer and really make an effort to drive inflation higher. Besides PMs (which will have their day but not just yet), the swings we're seeing in FX, soverign debt (anyone notice the plunge in Bund yields today, crazy), stock markets, etc. is really just getting started as everyone tries to figure out how to play and position themselves in the greatest rebalancing of world economies and wealth the globe has ever witnessed.
The way I view it is that we're just in the third inning of the inflation versus deflation game/battle that is going to go back and forth for a while longer. Some days inflation and growth will win and others deflation and defaults will rule. But make no mistake about it, the Western governments and their CB proxies are going to battle until the bitter end in order to find a way to inflate their way out of this mess!
It's just another episode of "Algos Gone Wild." It will wear off in no time. After all, the Grexit awaits...
Don't forget the $22tn in oil dervatives.
If it becomes to threatening they will simply figure out a way to roll all that shitty debt into some security product that can be marked to the moon in value and placed on banking eternal rotisserie of debt rollover. Watch China to see how its done. Credit for credit.
We pedrodollarized some folks.
Full Retard. They are going full retard. No rate increase comming due to the end of the "recovery" push the bubble to an even moarish huge size. Who exactly is buying this shit? Is it all central banks?
I guess after you default you don't need any dollars anymore to pay back your debts.
Makes even less sense than usual.
Peak Gold
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I feel so good, I think I'll buy some Greek bonds.