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S&P Tumbles Into Red Year-To-Date, Gold Goes Green
With Trannies now down almost 6% year-to-date, the S&P just fell back below the red-line for 2015, joining The Dow. Small Caps and Nasdaq remain up 2% for now. Bonds, gold, and silver are back in the green for 2015.
Year-to-Date, stocks not happy...
as PMs and bonds push back into green...
Charts: Bloomberg
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transitory
A blip... the cap and crash game in metals isn't over. There was an attempt to cap gold at 1170' and silver at 16.80... Held for some time against upward pressure... but TPTB have been forced into a retreat... this is something of a seasonal thing as well. They will absorb this upward momentum, cap again, then when the steam goes out of it crash the market for the thousandth time.
The criminals have come out of the closet along with everyone else... no comment on this last as I am very PC...
You can only suppress chaotic reality for so long and the longer you hold it down, the more chaotic it becomes. There are too many indicators starting to pop up and all of them are pointing down, there's a wild ride coming....
I agree, but there is too much confidence expressed in this most recent suppression not to believe they are not good for at least one more crush. But in the long run you are correct, and I too have been sensitive to the increase in underlying pressure.
I thought only copper turned green...
dont worry, the s&p which was down 16 pts in pre market is about to be green very soon.
these bastard pig bankers just showing how easy they can manipulate the ''market'' on any given day.
Or it could be the same ol' same old...bottom feeder bulls, buying the dip.
Buying the dip has not worked the past two days. Strange
I know this wealthy dude who looks for markets to go down, and the more they go down the more he buys. He's fearless. I guess its because he's got so damn much money he's like the honey badger... he just don't care.
the zh effect
Better raise PM margins again.
With the S&P currently at support going back to early Feb, also a Daily Keltner bottom, history would say it'd get a bounce, and move other indices in sympathy. However, if it fails, then the 200 DMA is there with a another decline matching yesterday's move, which would be a stunning 2-day drop given recent history. As I press "save", looks like some stirrings by stick-savers & VIX-mongers, will it be a fake-out?
.
Back in the green
for 2015
the times you know
have been rather lean
But the tend may turn up
on that we'd be keen
wouldn't it be nice
if broke the controlling machine
Primary scenario still on track...
http://www.globaldeflationnews.com/sp-500-indexelliott-wave-update-for-w...
http://ca.reuters.com/article/businessNews/idCAKBN0MM2JG20150326?sp=true
NEW YORK (Reuters) - The New York Federal Reserve officials tasked with prying interest rates off the floor have been meeting with bankers and traders to plot how best to do it, amid deep uncertainty over how much control they will really have over short-term lending markets.
With the U.S. central bank expected to raise rates later this year, Simon Potter and his team of market technicians have the tricky job of implementing higher rates using some new and lightly tested tools as well as some that may not work as well as in the past. They'll be operating under intense global scrutiny that's centered on the prospects for the world’s biggest economy.
Even while testing new methods meant to sweep up trillions of dollars of reserves from financial markets, Potter's team is preparing for volatility and to make on-the-fly adjustments when the time comes, according to interviews with Fed officials and market participants.
The trouble is that the federal funds market, the intra-bank trading pool traditionally used by the Fed to meet its policy goals, has shrunk to about a quarter of its pre-crisis size after more than six years of unprecedented monetary stimulus.
"There is a lot more uncertainty in the mechanical features of the outlook than people admit to," said Joseph Abate, a money-market strategist at Barclays Capital.
The Fed wants to avoid a scenario in which yields don't rise enough after it lifts the fed funds rate because banks, flush with $2.5 trillion of reserves parked at the central bank, don't need short-term funding.
The central bank also risks being drawn so deeply into money markets that it destabilizes things.
That's why the New York Fed, already under political pressure due to regulatory missteps, is taking every precaution it can to protect its credibility and that of the central bank. It wants to make sure that when the central bank decrees higher rates, yields will actually rise.
To combat anxieties on Wall Street and in Washington, Potter and his deputies have been hosting regular lunches with market participants to ask and field questions about what sort of market tinkering will might be needed or avoided to get it right, and how banks and funds will react.
He's has also met with officials at the European Central Bank and other global counterparts to outline the U.S. plan to tighten when most of them are easing.