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Fed-Speaker Confusion Sparks Dollar Slump, Stocks Pump'n'Dump
The Farce is strong in this market (so there was only one clip possible today)... as flip-flopping Fed Presidents, Greek risks, and more crappy data turmoiled the markets...
Equity futures did their usual v-shaped recovery in an algo stop-run to yesterday's highs before falling back... as Fed Vice Chair said
- *FISCHER SAYS HE'S EXPECTING A PICK UP IN GROWTH AFTER Q1
- *FISCHER: ONE WEAK JOBS REPORT FOLLOWED 5-6 `SPECTACULAR' ONES
Somewhat signaling rate hikes sooner no matter what...
Cash indices opened gap down, filled the gap as we predicted then faded - very narrow range trade in cash today... (NOTE: Nasdaq twice bounced off 5000, S&P perfectly bounced off 2100 and The Dow stayed well above 18000) - Only Trannies closed green
Homebuilders hammered after weak Starts & Permits data...
On the week...Trannies remain red, Small Caps the best performer...
Virtu Financial closed below its post-IPO open price... (priced at $19, opened at $23)
JPY-Carry and Bonds decoupled from stocks soon after the European close....
The Dollar was dumped again as EURUSD surged up towards 1.08... biggest 3-day drop in USD in a month and second worst week since July 2013
NOTICE ANY PATTERNS?
Treasury yields had a wild day... yields droppped into the US open (on weak housing), were ramped higher as markets opened and a bevy of Fed speakers flip-flopped around...
Gold and Silver were dumped early on but closed unch; copper and crude rallied...
Gold dumped on Fischer's comments that markets need to stop relying on The Fed to be there forever...
Crude soared over $57 despite Saudi Arabia pushing production up to record highs.. and then tumbled (as usual) after the NYMEX close...
Charts: Bloomberg
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Running out of steam....
They don't seem to be backing off on the rate hike talk. What's up with that?
They're scared shitless and know they have no dry powder. They need to raise rates, but they're not doing it for the correct reason.
They're raising to have the ability to cut later (bc that's worked so well)
They should be raising rates to stop hate fucking savers and seniors, and returning some semblance of of rationality to the markets rather than the misallocation of capital we've witnessed.
Fucking dicks.
That is so yesterday afternoon fed policy after the one in the am and lots of hearts on a yoyo string cat clock eyeball concentration on the moment to moment change....
Aren't we off to no increase this year now?
Exactly, and it's so pointless it's laughable. The moment they push the button (announce the hike) the wheels are going to come off. The market is calling their bluff by continuing to rise, or not cratering anyway. Famous last words, "Hey, watch this!"
derp, never mind.
running out of unicorn vomit
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Well that's one losing day for Virtu shareholders already.
fed mouthpieces are worthless these days. ask me, i'll tell it to you straight.
Fuck You Fisher.
You might want to add a "c' after the "s" in Fisher, unless you mean the more 'hawkish' guy that just retired. Aw, what the heck, screw 'em all :)
Or he could replace the 'h' with a 't' for accuracy.
NFLX, up $115 in 3 days, efficient markets at work!
P-E breaks under 200 .... yay !!
Yeah, that makes sense. Let's miss earnings and watch our stock go up 20% in 3 days. Yay!
The IMF received 457 million Euros from Greece
If Tsirpas and V. were real punks, they could have used the funds to pay each of the roughly 10 million Greek men, women and children the handsome amount of roughly 50,000 and said. That's it. Take the money and no more pensions, no more welfare, no more this and that. Fuck IMF and all the others. Go rogue and do something extreme.
If the billions in bailouts 2008/2009 would have gone to 330 million Americans equally instead of the pockets of the 0.01%, the country would be just as crazy but at least the playing field would be a lot more level.
Good luck running plantations when each slave is sitting on a few million Dollars.
Can't have a plantation without slaves now can we?
Slaves need to be paid one measely Dollar at a time... and never allow slaves to get rich so they could rock the boat and upset the establishment 0.01% who own and control just about everything.
Lagarde, please have melanomas covering your shriveled snake skin and go die a painful death you cunt.
Dude...457,000,000 divided by 10,000,000 is less than €50 per person. Not €50,000.
“Brilliant Farce” by Dashboard Confessional
So this is it: painful realization that your short has gone wrong
And nobody cares at all, nobody cares at all
So you wear your “Price Discovery!” coat
And curse the statements Yellen wrote
But it doesn't make it any better, doesn't make it any better
And the Bloomberg dented by your fist
On the desk where you had your first miss
Reminds you that the misery won’t fade
So this is strange: the sine-waving has come to be a brilliant farce
Where nobody trades at all -- no humans trade at all
And your equity curve is heading down
And your price alert with air raid sounds
Is deafening and giving you the creeps
And scale-outs are a hopeless task, and VWAP's just too much to ask
You squandered 6 months’ profit when you held through the lunch break
And this is unbearable, stunning, unthinkable
Yes, this is you squeezed for the first time
And you'd like to think that you were invincible
Yeah, well, weren't we all once before we were crushed for the first time
Well, it won’t be the last time …
When the un-fed speaks the it's sounds like the adults speaking on a Charlie Brown special!
Prue gobbledegook! You really hear nothingness.
Probably why it's gonna be so interactive as lover pâténted moves into everyone's bed as we teach the bots to kill us with the kiss of death.
For me it always sounds as a hedge against my moves when u know I'm making cool moves and it's not like a stock one can just pass routers about....
With lover pâténted Kiki etc we have been playing battleship now blow up this portfolio for so long as it's better than cloning me to fuck my lovers or ex husband with the passion assassins or stealing my inventions .... Yea but anyway it's really dine a number in the economy. Yea no one can't stop the night mare in Kiki's evil voodoo dollhouse but one can't avoid the bombs falling or all the endless blood left behind which started decades and decades ago as trails into rivers and lakes endlessly flowing as jealous lover and passion assassin do their things for all the warlords who be better at having all ur IP every second of the day 24/7.....
Kiki has always suffered Münchausen syndrome with her mommy dearest crap of hypocrisy of all U.S. In her voodoo dollhouse just the way she needs it
Best Chester wins and it's all rigged! ~ politically! Amd she likes along with lover pâténted to break all the other kids toys ....
Part of that kiss of death too
But u know the monsters in peeps heart which come alive can't be controlled .... And pretend ain't gonna get fixed by foxes guarding hen houses as truths tear through the deciet laid out for hypocritical judgement day.
When the going gets tough . . . throw smoke grenades and run.
If they believe in the recovery they will normalize if not they won't.
Its that simple.
If you have no setups then you have no business trading the markets , if you don't have the discipline to trade said setups then you have less business trading this market or,,, you deserve everything you get.
It's getting hard to find enough Skittles to feed the unicorn so it can keep rainbow projectile vomiting. The Dutch central bankster Nazi dominatrix chick would call it a 'Cosby Sweater'.....look it up.
*FISCHER: ONE WEAK JOBS REPORT FOLLOWED 5-6 `SPECTACULAR' ONES
A statement like this could be very embarassing if the person uttering it had the capacity for shame. What's the over/under on months until he contradicts it?
it would be REALLY nice to restart my long lapsed Valueline subscription....to have the hope of buying stocks on the basis of fundamentals, assuming that there is real price discovery and a real market......
Possible bubbles.
http://michaelekelley.com/2014/12/20/leveraged-loans-predict-crash/
http://michaelekelley.com/2015/02/20/fed-warns-of-two-bubbles/
http://michaelekelley.com/2015/02/24/would-you-pay-39-more-than-asked/
http://michaelekelley.com/2015/03/24/stocks-could-have-worst-april-since-1970/
Here is how to prepare yourself.
http://michaelekelley.com/2014/10/16/8-things-to-do-when-recession-happens/
Good luck!