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Nasdaq Soars To Record Highs On Dismal Data & Vapid Volume
Humor required...
Despite a quiet week for macro data, what there was a disaster (from PMIs to housing to durable goods)... US Macro at new 6 year lows...
Which can mean only one thing... This week was the best for most major stock indices since Bullard's mid-October "QE4" hint rescue...
On the day, early weakness was immediately BTFD and data just helped... with Nasdaq and S&P hitting new highs...
Trannies and Small Caps red today (but look how narrow today's range was in Dow and S&P)
Decoupling started yesterday morning...
Volume was a total disaster!!
The Nasdaq won on the day - but went nowhere from the gap open... in fact - as the following chart shows, every major index closed below its opening level...
AMZN up 15% today! AMZN!!! the biggest single day move since April 2012
Bonds were bid again today (as rate-locks from the giant AT&T bond issue) stopped weighing on Treasuries. However, yields closed higher and steeper on the week...
The USDollar dropped 0.45% on the week (down 5 of the last 6 weeks) - Swissy did a big roundtrip after dumping midweek on SNB comments.
Despite Dollar weakness, all commodities ended the week lower (even crude) with a big dumpfest this morning dragging everything down. Note Copper's miraculous recovery post RRR-Cut...
Crude oil prices were rangebound and algo-driven once again...
Charts: Bloomberg
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Sell in May & go away, but not yet!
It wasn't just AMZN. Stodgy old MSFT popped 10%. Which, of course, makes total sense. The company that single handedly built the PC industry and then began destorying it with AWFUL products like Windows 8 and whatever that stupid phone is that nobody ever buys SHOULD pop 10% in a day. Because reasons.
I called my broker and told him to buy more Dell and Pets.com at the open Monday...
Yeah up $30 Billion.... that's 10 jack in the box give me a break and a 20 PE
Actually because of revenue in Azure Cloud...
But I agree WIN8 is poopy
Soon even the real Economy will begin to get going! YES WE CAN!!!!! (Vote for Hillary!!!!) LOL!!!!
Who is Hillary?
I freelance over th? internet and earn about 80-85$ an hour. I was without a job for 7 months but last month my paycheck with big fat bonus was $15000 just working on my computer from my home for 5-6 hours. Here's what i have been doing... www.globe-report.com
Welcome to Keynesland, a unicorn in every garage and skittles in every pot....
So "Sell in May" or moar of the same all summer long?
Sorry Puerto Rico...
Conspiracy theorists? Call of Duty previews Black Ops 3 featuring bionic humans, robot warfare
Historic: Vermont clears obstacles, confirms first law requiring mandatory GMO labels on food
Just like in 80's era 'Terminator'?
I'm puzzled by where gold is. Perhaps there is some error in one of the market's com-pu-ter machines?
"I'm puzzled by where gold is."
The Fed, ECB and BOJ all want to push the PMs down further.
It's the enemy of these central banks. In the mean time Russia and China are stacking as they know these emperors have no clothes. China is very patient in building the architecture to take over control as the reserve currency financial superpower.
WTF is happening to GBPUSD? I could have fucking retired off of last 2 weeks move
Monday is the Top.......................
All that matters to the Federal Reserve these days is that stocks keep going ever higher.
Any bit of a drop and you have the Fed heads parading in front of the media cameras talking about delaying rate hikes, even a new round of QE.
They must be very worried about their whole money printing scheme blowing up in their face.
Seems like a good old fashioned currency crisis is the only thing that will free up the markets from the Federal Reserve's manipulative stranglehold.
“Like a Hydroplane” from Neil Young’s “Like a Hurricane”
Once I thought I’d short you after three calm doji bars
With VWAP and the MAs not too far
Topping out my trade screen, just like a shooting star
I saw the QQQs rise, burning like a fire
You are like a hydroplane, calm seas often hide
Your power to take off on a dime
Need something safer that stays in a range
I tried to re-short, but I’m getting blown away
You’re a bunch of schemers, and that’s how I got reamed
The morning trade was thin, it seemed to me
Before that moment you flipped the switch
Got AMZN earnings from your snitch
And away we go -- ain’t lunchtime ramps a bitch?
You are like an alligator, there’s menace in your smile
But now you’ve chomped my arm away
Hope that goes well with your Beaujolais
Now I need a left-handed mouse to trade
Taken to the cleaners, my naive bearish dream
You could have sold anything to me
Before that moment the NASDAQ ripped
That queasy feeling when volume zips
Then sprays your chart with 12-inch hammer wicks
You are like Novocain, I’m numb for a while
But then the pain returns in spades
Got a notion that this feelin’ stays
I wanna short you but I’m getting owned today
So, Santa Clause, the Tooth Fairy, and the Easter Bunny walk into the stock market....
Decoupling.......
Bring out the trannies. Its on like Donkey Kong. BTFD until you see those mushroom clouds.
Nothing finer than to make people happy with graphs produced by the FED that show everything is the best it has ever been and getting better.
Up my FAFSA bitchez. Have a great weekend.
Fuckin fuckfest,that's all you can say..
The PPT exists to protect NASDAQ.
Until orders change.
Believe it's a free market if it makes you feel safe.
pass the glue, i need a few whiffs
I'll just bet in the 3rd grade you'd spread Elmer's all over your palm, let it dry, then peel it off slowly :)
that was the gateway, then i moved on to Krazy Glue, kicks like a mule!
Gotta keep the connedfidence going no matter what.
If you sell, you're a racist.
If you want to sell, you're a reverse racist.
You just can't win.