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Lockhart "September Rate Hike" Comments Send Stocks To 5-Week Lows
While many hoped that Lockhart would play good cop to Yellen's bad cop, he didn't:
- *LOCKHART SAYS MARKET'S VIEW FOR SEPTEMBER HIKE 'REASONABLE'
Which has sent stocks reeling back to the levels pre-payrolls in April.
The Dow is also in the red from pre-Payrolls (with Nasdaq holding on to gains for now)
Lockhart had more to say...
- *LOCKHART SEES REAL ESTATE, STOCK MARKETS SUPPORTING CONSUMPTION (umm ok)
- *LOCKHART: NOT `INTENSELY CONCERNED' ABOUT STOCK VALUATIONS (jusdt 'concerned' then?)
- *LOCKHART: WE HAVE NOT SEEN DETERIORATION IN CORE NUMBERS (yes we have!)
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my ass
Hes a liar....there are no markets.
RIPS
He's not lying, he just wants a dip to buy some stawks in before someone can say, "QE4"
Did he say THIS September or September?
Gotta remember that these people use language to obfuscate, not to inform.
pods
**LOCKHART SAY LOBOTOMY HAS NOT AFFECTED HIM ASSFFECTED HIM EFFECTED HIM**
what hubris. daring to raise rates during the shmita. then again, maybe God is using people like him to fufill the times.
They will do a MINIMAL rate increase (1/4%) and then call it good.
My last pay check was $9500 working 12 hours a week online. My sisters friend has been averaging 15k for months now and she works about 20 hours a week. I can't believe how easy it was once I tried it out. This is what I do... www.jobs-review.com
*LOCKHART: NOT EXPECTING TO BE CALLED OUT ON HIS LIES
I will be disappointed, yes disappointed, if they don't hike in June. June 2010 would have been best.
Nice,
But I like the bait and switch.
Actually next month as planned, but sayin' September.
I figure there would be some rapid price discovery goin' on.
Only a bit off topic:
http://www.consumerfinance.gov/complaintdatabase/
what's with the new trend of these Fed thieves commenting on stock 'valuations'... hang them all!
"Irrational exuberance." Alan Greenspan. Circa 1996.
the s&p > 2000 is all they have.
They want another 2008-09 crash to justify their next round of counterfeiting.
<------- 1% correction by 4 pm
<------- 3:30 rampfest
get long AAPL they will use it like a whore to ramp the indexes
Huston, we gonna need a bigger toilet for all the shit we just created
*LOCKHART: WE HAVE NOT SEEN DETERIORATION IN CORE NUMBERS
Obviously using the Jean-Claude Juncker playbook - When it gets serious....
The Tribe show no mercy.
Hey, Doc- nervous yet? ;)
Let's see, 1/4 point still puts us well below 1% and another sandwich in my belly. :)
*LOCKHART SEES REAL ESTATE, STOCK MARKETS SUPPORTING CONSUMPTION (of even more real estate and stocks)
*LOCKHART WINS CIRCUITOUS REASONING CONTEST AT LOCAL HIGH SCHOOL
Another rate hike scare knowing full well there will never be an increase!
Lockhart: " Ignore Atlanta Fed's gdp now forecast."
I thought June Lockhart was "Lost In Space".....warning Will Robinson...
Not gonna happen.
Janet has to get Hilary a job
He meant the September when all the clocks struck 13.
And in September they will be saying a rate hikes beginning in January aren't unrealistic.
yep. this is just creating a self fulfilling prophesy. markets will dip a bit from ludicrous speed on his comments, which in turn provides the excuse to postpone the hike.
They'll either ramp it today or blast it to the stars tomorrow.
BTFD.
Let's all get rich. Sell everything, buy paper.
This is starting to sound like Iran being six months away from having the bomb for the last 2 decades.
Same tribe.
1) there is no markets, only casino
2)they can't raise rates
3) they need raise as low as -6%, so they want to ban cash
You need to analize all their words from this viewpoint
Depends... how far have the Chinese gone lately
to support US$ reserve currency status???
China will do nothing to hurt a good customer,
until their own internal economic pressures say
otherwise.
That means, if things are dicey in China the rate
hike WILL come in June. If not ...yet...
then maybe September ( or later ).
Keep in mind, the US$ is no longer the
only game in town... and with competition,
the FEDs don't give a (!) about fundamentals
...if they ever did!
Hah! They don't need no stinkin' fundermentals. They gots reserves. Raise at will.
http://upload.wikimedia.org/wikipedia/en/8/81/EXCRESNS.png
http://en.wikipedia.org/wiki/Excess_reserves
https://www.youtube.com/watch?v=jKofnVkUwBA
The Dow and the S&P 500 appear to be heading down with authority. New highs for the indexes are not out of the question, but the odds don't look very good at the moment.
S&P 500
http://www.globaldeflationnews.com/sp-500-indexelliott-wave-update-for-w...
Dow
http://www.globaldeflationnews.com/dow-jones-industrial-averageelliott-w...