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Crude Carnage & Hawkish Yellen Leave Dow In The Red For 2015
After all the exuberance last week following Janet Yellen's utter confusion, stocks suffered their worst week in months... even with th epanic buying on INTC news and in anticpation of Yellen...
Very quiet last two days... with some excitmenmt from Intel and Yellen at the close...
But futures show the reality of the volatility...
As The S&P 500 was pinned at unchanged YTD (Dow red in 2015)
Energy stocks outperformed (though closed red on the week) but Financials were the worst sector this week, down over 3% - the worst week for financials in 11 months
Biotechs dropped over 6% on the week (with highest volume ever) - the biggest drop since early Oct 2014 (but the swing from last week's highs to this week's lows of over 15% was the biggest in 11 months)
Trannies were worst this week, and suffered their biggest weekly drop in almost 6 months - Trannies are now down since the end of QE3
All down post-FOMC...
This was on course to be the best week for crude since July 2013 until prices collapsed in the last hour or so... ending up 4% - still the best since early Feb.
After 5 straight weeks up... AAPL is down 4 of last 5 weeks
Intel did its best to drag The Dow into the green YTD...
Treasury yields ended the week very modestly higher, rallying all day today...not 5 days in a row of USD selling during EU day session
The US Dollar ended the week lower by around 0.4% led by EUR and Swissy strength...
but Silver and The Russian Ruble remain the best performers against the USD year-to-date...
Copper lost ground as China growth fears spread but PMs rose on weaker dollar and war fears... oil did its crazy thing...
Charts: Bloomberg
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SHOW'S OVER! HAVE A GREAT WEEKEND!
Does anyone know where those wild & crazy DEA agents will be having their party this weekend?
When Yellen caught wind of the DEA scandal she had the Mexican pool boy clean out the hot tub. Rumor is they're having a slumber party at Yellen's complete with naked twister and spin the bottle.
Hopefully Yemen
G'nite folks...ya don't have to go home, but ya can't stay here...don't forget to tip your waitress.
I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... http://goo.gl/9YqZBb
I like swimming with bowlegged yellen,,,
and swim betwwen her legs -oooooooh
swim between her legs -puke!
Yellen: "I know you're used to Mommy buying you as much heroin as you want, but..."
I love the market summery with the little icons. Just saying. One day I hope the unicorn doesn't puke.
The day we see the unicorns head stuffed and mounted on a wall display, then we can start sweating.
Fed tentacles literally spent all week trying to get crude above that 10 week and to close it there for the week. Does not appear as though they found enough Pisanis at this point.
I fucking hate Pisani.
The PPT must have been on vacation this week. Hopefully sharing Roundup cocktails with the Monsanto crew...we can get rid of a lot of unwanted weeds...
so let me c....
the fucking Dow drops out the gate only to b v-shaped recovered goin into the London close...
then it trades sideways in a narrow 10 point range all fucking day until the laST 30 MINUTES of trading in NY only to rally 50 points based on Intel supposedly buying another chip maker AND that fucking Hobbit Yellen talking like a drunk bitch...
AND mysteriously Gold and Silver give up ALL their gains and land softly AGAIN right under $1200 and $17 per oz.......
FUCK OFF.....
DEATH TO THE MONEYCHANGERS................
Hobbits make extraordinary burglars.
You got it. Keep stacking buddy and you and the family have a great weekend. We will get our day. We will use the Fed's hobbit word"patience".
absolutley...
we r not dissuaded...
cheers.
I hear ya Kaiser...what a shit show...We need to organize a moneychanger lynch mob...
no doubt...
why should they be allowed to evade justice...
Spooky ain't it.... its like it has a life all of its own unlimited by facts or reason.
ignore Fridays book ruling off, Monday will be a sight to behold.
Back to whiskey I need to get a bad taste of blood out of my mouth
“You’ve Lost that Dovish Feelin’ ” - Righteous Brothers
You never nod your head anymore when I buy the dips
And there's no bitterness like before when the market round-trips
You're trying hard not to show it (baby)
But baby ... baby I know it
You've lost that dovish feelin', whoa, that dovish feelin'
You've lost that dovey feelin', now it's gone...gone...gone...woah
Now there's no welcome look in your eyes when I reach for yield
And now you're starting to criticize leverage I’ve concealed
It makes me just feel like crying (baby)
'Cause Janet, something beautiful's dying
You've lost that dovish feelin', etc.
Janet, baby, I’ll get down on my knees for you
If you would only channel Keynes like you used to do
We had a run, a run, a bull run you don't see everyday
So don't, don't, don't, don't let it slip away
Bring back that dovish feelin' ...
ha, that's not all she's lost. Good one KCS!
Awesome!
Ha! Your avatar .GIF is an exact replica of my first thru third grade classrooms, whenever the nuns left the room.
'Ill tighten, loosen, tighten a bit looser or loosen a bit tighterer, ok then well have a nice weekend goyim'...gee thanks a lot fer nothin granny Yellin!
wheew.....boy, that de-escalated quickly, I mean that really got under control fast.
When Yellen talks
...
people listen
Apple crashing makes sense, a little milking of the new Unicorn on the DOW.
But Intel spiking? WTF for? Are P.C. sales jumping?
The smart phone is killing the P.C. (unfortunately).
Bullish for short mispelled sentences and dreams that don't come true.
What I hate about the 'new technology' on these fuckin phones is they literally tell you what to say, like they know better...worse than any wife, they cut off what you're typing and finish your sentence for you regardless of what you meant to say.
Intel spiking because it's m&a Friday
Probably this:
http://www.digitaltrends.com/computing/intel-3d-nand-10tb-solid-state-dr...
but but but its Friday
I was hoping the Bond Girls was going to become a regular thing.
It's Friday...markets don't go down Fridays.
Goldman/Tyler made any comment on falling production in January yet?