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Great News! Labor Market Conditions Collapse Sends Stocks To Strongest Opening Rally Of 2015
We can't make this up. Following Friday's dismal payrolls, today's Fed Labor Market Conditions Index (the aggregate index of all Yellen's indicators) collapsed to its lowest in almost 3 years. That was just the news that stocks needed to complete the biggest opening rally of the year so far...
Worst labor market conditions in almost 3 years...
So buy the bad news...
Strongest rally in eMini from 9:30 EDT for 2015 so far.. $ES_F $SPY
— Eric Scott Hunsader (@nanexllc) April 6, 2015
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Damn Onion!
It's back to bad news is good news only now it looks like horrific news is stupendous news.
Time to oil up the printers Janet and prepare for an "about face"
If you don't like this report, there'll be another one this week.
Less jobs = QE more likely (will happen) = stocks go up
In other words, bad news for Main Street is good news for Wall Street. Business as usual, keep on going folks..
Don't forget the massive bail-outs of the guilty when it all falls apart...again...
The Fed has its hands full trying to break the market from their direct intervention and thus anticipating their next move. The only way is to make it painful, very painful. Of course, that will never happen because congress and the administration will always have the Fed as their fall guy for not bailing out their own failed political policies with monitary policy. It is an interesting train wreck.
Killing the rate rise, and starting QE4 won't overtly happen until TPTB have identified the boogeyman to pin the engineered collapse on. Because they damn sure can't let the sheeple know that it's their own failed policies that are causing this disaster. That's why they are working on that little step right now by trying to goad Russia, China and the mideast clusterfuck into being the trigger point that the lamestream media can feed to the sheeple. Rinse and repeat since 1971.
We are currently and effectively, as Americans, in a prison more so than a country. These market buyers simply and rationally (better to be a guard than an inmate) want an ownership stake in this profitable prison industry. This will work as long as any inmate revolt can be managed and contained.
Even Forbes is trying to warn the muppets
http://www.forbes.com/sites/jessecolombo/2015/04/05/disaster-is-inevitab...
Time and time and time again, desperation sends the market up...fueled by anyone following the "old market rules" (bad news is bad) who immediately gets caught in a short squeeze
Let's pepper major global cities with some dirty bombs and buy stocks prior to. MOAR, after all.
This market knows where its bread is buttered.
Houston-based Frank's International NV (NYSE: FI) has plans to cut up to 600 jobs, which is about 13 percent of its workforce, the company announced in a prepared statement.
http://www.bizjournals.com/houston/morning_call/2015/04/houston-oilfield...
"Houston oilfield services company to cut hundreds of jobs"
BLS to record those dozens of job losses and write down all three job losses as a gain of 1k.
This is normal, right?
End the NY Fed.
C-O-R-R-U-P-T
Don't trade against the Fed. Ever.
Continuously enhancing your knowledge and abilities, living debt free with a sustainable lifestyle and dealing with reality is in a sense – betting against the Fed.
QE MOAR!
Central Planners vs Traders
who wins?
Who has a military behind them and access to nukes?
What would you do if you knew the date of your death?
You'd have a party!
This market is in party mode.
+1, great analogy... Oh course, it's been dead since 1971...
Romans were still going to the coliseum when the Goths entered the gates.
The elite quietly withdrew from the dead city.
Perhaps, but's it a global economy now. Have the elite set up a colony on Mars already?
They have been moving to the Southern H. if they don't want to live underground.
All the cameras will be used to watch the rest die from secured locations.
This would make a great movie.
Well, good luck with that.
Fuck You, Goldman Sucks
Go ahead, raise rates! I triple dog dare you!!
Some folks just got served.
I am not a smart man but I know what up is. (Forrest Gump Voice)
Here's the bigger picture: 2013 S & P gains 20%+, 2014 gains 10%+, 2015 gains YTD about 1%. The insanity will end; just don't ask about the timing.
Isn't "about face" that porno series about jizzing on faces?
You need to find a job for a Russian oligarch since they like hiring Western investment Richards
Russian Tycoon Viktor Vekselberg To Have Swiss Board Manage Global Assets
Russian Investment Board of Mikhail Fridman Filled With Western Elites
Surely by the 12th year of ZIRP things will turn the corner. China can build more ghost cities, the US can fight endless wars with no outcomes, and the Greeks can be saved 30 times. Italy, Spain and Portugal are solvent, and the big banks can print endless supplies of paper. We can all pretend that 80 million babyboomers won't cause the system to explode, and someday we can tell "the children" we did it all for them.
Shorting is bad for your health
Bad jobs was soooo last Friday. It's a new day bitchez!
Bear market rally
I've always thought given the choice of painful remedial therapy or another dose of higher strength pain killers the Fed and powers that influence them would always chose the later. It appears the patient. Is brain dead and machines keeping the heart beating. Moar Effinefrin....100 ccs STAT!
There's a reason the bad jobs report was posted on a day the market was closed. If the market was open they woud've fudged the report. Since it wasn't, they could tell it like it is becuase they have 2 complete days to forget all about it.
Anyone that though this would carry thru to today was in lala land.
Furthermore............this insane range can't maintain forever. It's either going up or down. Had the report been released during market operations, it could've been the catalyst downward. Now it's very possible we are in a consolidation for a move even higher. I wouldn't bet on it, but it's totally possible.
Time to kidnap someone in the know.
Torture him to disclose everything.
Make sure you carve the chip off his spine first.
Tesla stockis up 7.5% today. It's the new safety bid. When the economy contracts, buy Tesla.
edit: up to 8.4% now
BOJ started buying US equities beginning April 1st. Why does ZH seem to be confused as to why equities are going up? The Japanese are buying - they could care less about the day to day news headlines. Get used to it.
stateside
Steve LIESman: "This speaks clearly to the fundamentals, America is booming! We're back, stronger than ever!"
The economy is so strong that the FED can't raise rates ever or this very strong economy will tank. A 0.25% increase in rates would be devastating to the strongest economy ever.
MAG: Disaster Inevitable When Two Decade-Old Stock Bubble Bursts...
http://www.forbes.com/sites/jessecolombo/2015/04/05/disaster-is-inevitab...
not sure if anything new.
- “Bubblecovery” concept
- Cyclically Adjusted P/E Ratio (CAPE),
- CAPE has remained over 20 for much of the past two decades
- 1929 Stock Market Crash occurred after the CAPE rose over 20
- 1970s stagnation occurred after the CAPE rose over 20
- Nearly every stock market valuation indicator is giving the same reading: over-inflated
- Each time, the bubble gets larger, and the Fed has to keep re-inflating
Yep, biggest stock market boom in a long time.
Tesla bitchez rock- Yellen blows Musk, Obama - WTF!!
Tesla reported a 55% increase in sales but a group reported that US sales were down 24%. Tesla provides no details on the 55% increase. Another report suggests that 3,000 of the 10,000 quarterly sales were channel stuffed.
http://money.cnn.com/2015/04/03/autos/tesla-sales/
That's why shit is called a bubble; it goes up for no reason.
There's a realy good reason for it going up. It is going up because it went down.
News to you all. Rich people not living in the US are going where? Are Jews going to move from Europe to Israel? Are ME (Middle East) potentates going to move to Iran?
Where are they putting their money?
We may be fucked, but at least we are not going to have our heads removed.
Stopped being afraid. Remember, every disaster is an opportunity.
Stock valuations don't matter. The only thing that matters is whether a little old lady says some bullshit about interest rates.