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Fed Fails To Spark Buying Frenzy; Stocks, Bonds, Dollar Drop
The message from the Fed appears to be...
Which is a problem for stocks...(post-FOMC) - Small Caps worst...
And cash indices on the day tried to ramp to green but failed...
Futures show the early weakness during the European session...
Leaving the cash indices all in the red for the week...
Crazy day in vol too...
Treasuries were weak once again going in (the daily 8am selling resumed), weakened after an initial rally after GDP, then were unchanged post-FOMC...
The USDollar was spanked lower after GDP and recovered modestly after The FOMC Statement...
Dollar weakness helped commodities a bit but in general gold, silver, and copper ended unch on the day...
Crude pumped on a Cushing inventory draw, dropped after NYMEX Close...
EURUSD soared today - pressing up towards 1.12 before The FOMC Statement pulled back some gains...
And finally it is worth looking at the carnage in Europe today (specifically Germany)...
Charts: Bloomberg
Bonus Chart: Yeah, him again...
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Yellen with a beard! Yellnanke.
Johnny 5 always brings a smile to my face!
Guttenberg was at his zenith - Cocoon, Short-Circuit & 3 Men and a Baby :)
more casino chips, granny yellin!
speaking of casinos .... LV Strip revenue down 9.5% in March .
http://www.benzinga.com/news/15/04/5456487/las-vegas-strip-revenue-slumps-9-5-in-march
Macau ain't doing so good either .... a commie crackdown on Chinese whales
http://www.bloomberg.com/news/articles/2015-04-29/wynn-macau-dip-7-as-parent-cut-dividend-on-city-s-casino-risks
The Fed can go fuck themselves for all I care anymore. Run by buffoons and headed by a granny.
Don't expect to see a Gartman graph update should his dip buying pay off, I don't even know why it was posted it is not a loss. In this market there are very few right or wrong choices, just good luck and bad luck, rigged for you or against you.
A Gartman defense???
It would be fun to see all his CNBC "calls" over the last three years. Pretty sure he's pushing 100 percent. Wrong.
Definitely one of the most importants buffoons on the Central Buffoon Network.
I'm not defending gartman or any retard who thinks he know what will happen next in this casino, read better. I am attacking the puerile and misleading reporting, how can anyone call that a loss, it is not news it is an agenda pushing piece of shit. If you believe as I do that Gartman is a retard then you should, as I am, be aware that this misleading is unnecessary and lends legitimacy to Gartman's idiocy.
Well, yellnanke, was full or SHIT again today. They said pretty much what they have always been saying, WE ARE NOT RAISING RATES.
Plus In April this month, NYSE margin debt sat at $476.4 billion, up from $464.9 billion at the end of February. And the wrinkle is that margin debt rose during March even as the S&P 500 dipped nearly 2 percent.
While so many novice investors keep posting that NYSE margin debt chart without really understanding what they actually mean!. So this will clear it all up for you in 2 minutes. This Chart here will open your eyes => http://www.bit.ly/1fMcakI quite astoudning!
Bottom line, the statement today at the IMPORTANT fed meeting was a non-event outside of some modest changes, They did the right thing in that there was no point in leaning in one direction with so much more data to see ahead of the June meeting. We have 2 more labor market figures to see and some more inflation reads too. But I doubt these MORONS raise rates in SEPT too. They are trying with TPTB, to make things really worse, by creating more debt. YES! as much as they can.
Analysts had not expected a change to policy from this Fed meeting.
I don't think anything has changed, There's a clear indication the economy has slowed. The Fed is probably not going to hike rates even until 2016. But I am guessing we will hear more bullshit, and more rumors about hiking rates all the way until next year. Even then, if you read their statements in 2011, they said, they will keep raise as low as they can, for as long as they can. So far they have been keeping to their word I guess.
Interesting times in which we live right?
I freelance over th? internet and earn about 80-85$ 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
there is no way larry kudlow is not paid to try and infuriate all zero hedgers and other bears as much as possible.
this asshole just said how there is ''NO INFLATION, NONE!!'' AND THERE ARE ZERO SIGNS OF A RECSSION''.
what fucking planet is this dude living on?
forget the no recession part, hes right about that, because its a depression, but to say there is no inflation? has that douchebag been to the supermarket recently?
what an asshole.
Obviously Kudlow is going by the textbook definition (a fall in GDP in two successive quarters), and he probably has servants who do his grocery shopping, etc. for him.
So give the deluded phucker a break. He can't help hisself. Besides, he's on the teevee to tell you to buy dem stawks, not sell 'em.
turn it off before your brain rots
Looks like the FED BS is growing old... nobody buys it any longer. Crash baby, crash.
Do you suppose somebody came up with some hair-brained idea that the stock and bond markets are associated with the economy?
They seem to be trying desperately to get a bond sell-off. The money would come out of the stock market if it had somewhere to go, but there really isn't anywhere to park it. Banks don't want the deposits. Bond yields are so *disappointing*. Warsh (Lauder) tried his best for the home team, a couple of weeks back, to talk up yields but money has been heading toward the US. And a rotation out of stocks into bonds would send the 10-year yield down to German levels. But hey, Maryland will have more trouble borrowing now (better yields!) Then they'll queue up Chicago, and after that Oakland. Reeks of desperation.
BLow off top coming?
One more big push and I think mama is gonna give birth to a bear market....
Must..... not...... short.... market..... yet
"blow-off top" - is that circumcision by fellatio?
"We're picking up some hull ionization."
"Got it. Get ready for some chop."
"Terminal Guidance Locked........"
"Where's the damn beacon?"
The beard on the 2nd pic from the R in the subtitle is too much!
Spear the bearded clam!
“Bad Time” by Grand Funk
I'm in love with a stock they’re all talking about
I’m in love with a stock I can’t live without
I'm in love, but I sure picked a bad time {full band enters}
To buy that stock, to buy that stock
Well, let TWTR be on someone else's screen
I don't want to know about it
There's too many other names breakin’ green
And that's why I've got to live without it
But I'm in love with a stock they’re talking about
I'm in love with a stock I can't live without
I'm in love, but the market’s just wearing it out
I'm in love, but I must have picked a bad time to buy that stock
News stories cross my Bloomberg screen
From Reuters and people I don’t wanna read
The things they say I know just couldn't be true
Not until I hear it from Betty Liu
'Cause I still love the little stock they're talking about . . .
We gonna bounce off 123 is in IWM and run like a scalded dog or are we on the cusp of revisiting October 2014?
My 8 ball is cloudy. Might just sit it out with regrets.
Daily technicals would say the 100 DMA is not out of the question if "bad-news-is-not-bad-but-we've-run-too-far" algos get priority, but you also know from experience, my friend, that Russell ninjas would like to re-short from the 20 DMA first. So, what'll happen? Likely something that annoys/confounds everyone: revisit yesterday's low, bounce again like yesterday back to 20 w/new short fuel, then fall back toward 100 in single huge red candle launched in thin trading at 1:15 some afternoon when no-one's expecting it. But, that's just one of 100 possible scenarios :)
Something about the last 3 days just feels too contrived and orderly on the RUT....maybe looking at a bear trap....on balance volume doesn't suggest much of a dumping, more like changeing of hands, weak to strong, shorts haven't gotten much over the last 3 days of chop and may be getting itchy.... but that channel is getting awefully narrow. Timing this break down is gonna be threading the needle. Been on the wrong end of a sensless RUT bounce way too many times to disrespect the chances of one coming out of nowhere.
Think I'll just sit tight...maybe straddle the low 90's in TNA if we get back there this week. Good luck to you
Yea I could see initial confusion but then not all buying it.... Some after the confusion not buying it ... Some all the way through the confusion not buying it... Biotech bought the cool aid to return to their work with their heads down.
Most my rattlesnake fund didn't buy into the usual buy in the dip thang as the market has been doing...I was still up a couple thousand instead of six.
I like this one better....
https://www.youtube.com/watch?v=qLdBrx-ijwQ
Fed Summary -
https://www.youtube.com/watch?v=HNTxr2NJHa0
Another summary: 'Buy stocks, idiots'
Holy shit, funny
This bitch is going nuclear in Sept.
May have said this before, but on hearing Jack Welch's voice on CNBC just now, think it'd make a good, hard-edged replacement for Siri's in some future iPhone iteration. "You asking me directions? Why? Forge your own path!"
So, Bernanke is with PIMCO now... lol.
Is it just me or has it escaped all ZH's attention that CNBS's new SF office is an ominous (obvious) sign the top is in? Feels like late 1999 and it aint entirely different this time, only modified.
lol Gartman. That shit is hilarious every time.
Poor C(G)artman just can't get a break!
I, for one, think the beard looks good on Yellen. Very professorial.
See here!
http://www.showrealhist.com/recDJIAtoRD.html