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Yellen Kills The Music, Says "Equity Valuations Are Quite High", Sends Dow Red For 2015
Back in July 2007 Citi's then CEO Chuck Prince, a little over a year before his bank received a gargantuan government bailout said "as long as the music is playing, you've got to get up and dance." Moments ago Janet Yellen just killed the music:
- YELLEN SAYS EQUITY MARKET VALUATIONS QUITE HIGH
Or, paraphrased, the $4.5 trillion balance sheet the US created, and the $22 trillion in assets purchased by global central banks to keep the dream alive, has lead to "quite high" stock prices.
The good news for Yellen, is that at least Congress can't blame her for leaking this only to Medley Global Advisors.
The better news: for a low, low monthly price, all subscribers to Yellen Capital Advisors will get the Chairmanwoman's tip on when to BTFD.
And with that The Dow has accelerated its weakness into the red for 2015.
And since last week's FOMC...
and here she is explaining that "Credit spreads are too low... equity valuations are quite high... there are potential dangers there"
Which is odd, because credit spreads have widened for over a year as her wealth-creating stock market has exploded ever higher...
Of course there is no need to worry... for 4 minutes after she uttered those words, someone decided to start selling vol in size...
Charts: Bloomberg
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The sun is quite bright!
In other news, it snows in winters
Monetary policy is based on its ability to create debt to manifest future gains. All evidence points to zero growth over the last few years. Negative growth is a foregone conclusion when the punchbowl runs dry, which it will.
Prosperity is never printed, it is earned, and debt issued will never replace it.
Heretic! report to FEMA camp #14 immediately! If you do not comply we will have some nice steroid using men dressed in black come "assist" you.
WHAAAAAATTTTTT!!??
UNBEFUCKINGBELIEVABLE!!
BroomHilda Strikes.....
Have no fear...rest assured that even as the old crone flaps her diseased gums there's a Fed flunky pounding the Buy Stawk Futures button with his right index finger and the Sell Gold button with his left index finger.
The printing presses can never stop, but must run ever faster just to stay in place.........Greenspank, Buttyanke, and Fellon have turned our country into Alice in Wonderland.
Run for the hills MOFO's!
https://www.youtube.com/watch?v=K7ToNJHgp-w
Great, now Gold will explode!
Not!
"EXESSIVE EXUBERANCE" from another Federali comes to mind ....
Could it be that we are on to new postures?
Could it be that the groundhog days of DOW 18000, Nasdaq 5000 are over ?
Is this a preparation of next week's Big Decision on Greece? or just random ramblings ...probably not.
She's a banker and she, along with her Board of Blankfein and Dimon et al, run the world's largest bank/hedge fund. She is just twerking markets to suit their needs.
She'll come out next week and say QEX is in the works and send the dollar down and stocks up.
DISCLAIMER: THIS IS NOT TRADING ADVICE
BUY SILVER
:)
NSS
This thing where stock prices move in completely random patterns, because you can't call it a market anymore, is such a joke. They sold vol immediately in order to juice the "market" higher. At this point, what else is there to say?
"The last duty of a central banker is to tell the public the truth"
Alan Blinder, Central Banker
The Zio-Keynesian money changers have become all powerful, who can make war against them?
They aren't high they are insane, so we'll bail'em out when they crash....
Repeat after me:
The FED is not my friend
The FED is not my friend
The FED is not my friend
The FED is not my friend
The FED is not my friend
I know they gave you lots of free money, but that doesn't make them your friend. Child abductors use candy, not wooden spoons.
INCONCEIVABLE!
You keep using that word, I don't think you know what it means.
I can't believe people in Baltimore are abiding the curfew. What ignorant fucks people can be.
Well the city is populated by retards.
Did you say muscle men in black? Don't you tease me Doctor!
Heheh.
Soul: you understand. Well done.
Without a constantly rising stock market, there are no money for pension funds and insurance companies to pay their customers. It is that simple.
A flesh wound...
Look at the world we have come to inhabit though. The fiscal health of the entire world depends on what comes out of...well, I guess you can call it a mouth...of....an aging puppet female entity.
Can feel the money spigot shutting down in the west...look at Silicon Valley, no big news for months.
That is a huge tell.
Meanwhile here in India, Dotcom 2.0, Indian style is in full, fake swing....
Such a feeling of deja new, having eperienced exactly this from 199-2006 in the Valley.
Dollar dives, India swoons, instantaneously, so inter-twined now. Like a frigging death grip. Big daddy dollar is pushing everything up, land, food, education....
Brrrr.....
Sequence 15
https://www.youtube.com/watch?v=DJU_flXZMuk
Moving the old fashioned economy of physical resource conversion into the Shangri-La of cyberspace seems to be a tall order. I reckon it will be long time before we're beings of pure energy.
Very true PT. THey changed Japan from 78/22 Agriculture/Trade to 25/75 in 50 years.
That was the great Japanese version of Marshall plan.
Nuke power and robot factories run by a fastidiously clean and obedient populace.
From wickedpedia:
The American government, under the auspices of the Supreme Commander of the Allied Powers (SCAP), played a crucial role in Japan’s initial economic recovery, although Japanese government measures fostered rapid postwar growth. SCAP officials believed economic development could not onlydemocratize Japan but also prevent the reemergence of militarism, and forfendcommunism. Military hostilities in the Korean peninsula further boosted the economy in 1950 because the U.S. government paid the Japanese government large sums for "special procurement." These payments amounted to 27% of Japan’s total export trade.[1]
Tell grandma to shut her pie-hole, she's scaring the children.
It's okay, she'll bake them a cookie and soon they will be right as rain.
drove my chevy to the levy but the levy was dry...
this will be the day...
Yellen bakes cookies with children IN th3m: "Get in mah belly!"
David Goldbergwas suicided.
We suicided some folks...
Well, at least he didn't trip in a kitchen and fall into an oven...
Let me get this straight, people needed a Jew from the Fed to alert them to something that any self-respecting turnip could discern?
But it makes all the difference to reality when the approved kike bankster says it?
OK
It's all bullshit!!! After all these years of back funding the dow with zero interest rates and forcing people to chase yields, she bitches about valuation.
Yellen... LOL!!!! how come every single time they change those people something Horrible happens?
What do you mean by "those people!"
Dat's antisemitic!!
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
I can imagine how awful it must be for her in front of that web cam with the donkey for 20 hours
One of the Tylers paid me $10K to find you and cut off your fingers. Not too shabby for what will only take about five minutes with a chainsaw.
You should sharpen your chain more often.
Still waiting for the Tylers to allow me enough access to boot spam trolls. By now, they should have at least figured out the last 5 or 6 related aliases posting this crap on nearly every article and then not allowed any individual coming in through that IP address an account.
Failing that, they could, at the very least, publish the spammer's ip addresses and mail headers.
Yeah that crap is tiresome -- it does create occasions for some funny responses though.
It is easy enough for the Tylers to do as you suggest and drop these guys before they start......I suspect that the Tylers are writing these themselves, as the extra comment-hits help with their ad revenue.
Reality check: Chainsaws do not cut thru flesh very well. The flesh tends to catch and cause a skip or a bounce. You are better off with a solid blade for that sort of work.
You paper shufflers must love this "free market" that you learned about in Grad school. Maybe you should all produce some colorful charts showing a correlation to other bull markets. A white haired grandma says a few words and the "market" drops. What a profession!
It's Alice in Wonderland Economics, otherwise known as Keynesian Economics, where money has to be printed ever faster just to keep the economy in place and attempt to keep it from falling off a cliff. Here's a perfect analogy of Yellen running the printing press;
https://www.youtube.com/watch?v=i2rGjc9hSns
Gaaaross. I think I just puked in my mouth a little.
Waitin on the leg cross.....MMMMM
PLEASE don't let her uncross her legs.
Just imagine Janet is Sharon Stone. Yellen can print money from her penis.
Worse question: What are the odds that she reveals Tab A and not Slot B?
I'd hit tha.....ahhh, nevermind.
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janet is subversive.
The CNBC Assholes, led by Steve, only my mother could love my face, Liesman, went into damage control, including one no name clown, who saide he wasn't sure if Yellen meant our markets or the world markets
Just cashed out my ES shorts from two days ago; took $11,100 profit. Not necessary to consider other countries; it oscillates anyway.
Hillary is quite ugly and lies
And those are her good points.
I read at one time from a high school classmate of her's saying "she stunk down there"....
This is a general/common problem among those who eat too much sugar. Eliminating processed sugar and taking a broad range probiotic with meals can eliminate this problem within a month.
Or, for Candida (most Americans have it), Garlic...
https://aadivaahan.wordpress.com/2012/03/29/candida-albicans-and-a-healt...
According to CNBS 50% of the American public thinks she is honest and trustworthy. So we know that 50% of the American public are beyon stupid.
They forgot to mention that the other 50% are braindead. Hey you just changed your comment damnit!
To everything, churn, churn, churn
There is a season, churn, churn, churn
And a time to every purpose under Yellen
Thank goodness for our central planners stating the painfully obvious. Now if grandma would just give us her year end S&P target life will be good.
I'd like her apple pie recipe myself.
:)
She said they were quite high. She did not say they were too high. Too da moon!!
What a twat - last I recall she was saying price-to-equity ratios seemed reasonable. How am I supposed to gamble successfully which such shitty guidance?
The red pill....the red pill!
"gamble successfully" ... the new goal to make it in life
She decided to look at other valuation metrics besides price-to-equity and changed her mind.
Al, please remember she has your best interests in mind. She has, once again and for years now been giving you opportunity after opportunity to buy the fucking dip. And you're complaining about this. I think you need to take a moment to reassess your priorities.
This is the 'instant gratification, nothing is ever enough, what's in it for me' society my friend, I don't give a fuck what she did yesterday, what's she doing to assist TODAY's financial rape and pillage?
Haha, I listened to that 8 track at least 100,000 times during high school.
JUST TELL EVERYONE THE RIGHT PRICE BITCHEZ!
the price is wrong bitch. [/happy gilmore]
The name of this site comes to mind.
:)
No shit...
No kidding stock prices are high, but when you have computer models valuing stocks using the risk free interest rate as part of the calculation, what happens as the rate approaches zero? Answer, infinite valuation. If the interest rate is zero, what are the discounted cash flows for a business that assumed to keep operating indefinitely? What is a number divided by zero?
never divide by zero.
-zero works fine for that, theoretically.
Well you helped make it that way you stupid bitch. What the fuck did you think was going to happen?
evans, bullard, they all jawbone it higher so they can smack it lower. those cunts ain't working for us, that's for sure.
They are all laughing at us. They open their mouths and look what happens. They want power and they have it. If we stop listening then the algos take over. They will get their power trip either way.
That is ok because tomorrow Yellen will say "I meant too highly underrated."
Thank you, Captain (Painfully) Obvious.
so now this brooklyn jew cunt is an equities expert?
Somethin's fishy here: "risky" IWM briefly went green on the day (and is .50% better than other indices) while the Dow crashed to its 100 DMA. Dollar weakness wouldn't lead to any large-to-small-cap rebalancing. A trap, or just hexadecimal chaos?
Perhaps the speech-to-text algos instructions were: get everyone to the 100 DMA pronto, and given RUT was the only one already there, not as much work to do on that index (?)
I'm still leaning toward more fallout in the Rut...haven't seen the capitulation yet...just persistent buy the dip with no follow through of size. Once that mentality breaks I think we will get a nice swoosh lower ... Covered short puts on mondays highs, resold hedged put leg in yesterdays lows, covered short calls yesterday resold at the open pop today. Been getting lucky hitting the tops and troughs pretty well all week but staying nimble... Hope you are having some luck. Refreshing to finally get some good trades...been awhile since a few good windfalls.
SPY and DIA back to UNCH, this could be a fucking trap, or just an algo Unch ramp before re-dumping. VWAP's didn't hold as normal re-shorting points in most indices, not a good sign for bears, nor is the VIX dump.
I didn't act until after Yellen was done speaking, so of course when she finally gets hawkish it's possibly a trap.
Hello, Yellen, this is Diamond...we have completed our long exodous and are now balls deep short. You know what to do, make us proud.
People are still working in order to provide real products for the bankers and financiers who "create" paper/digital claims with no effort/work and without any real collateral.
Until this fundamentally changes, do not expect anything the government does to improve your situation. They don't play by any real rules, and niether should you.
tick tock motherfuckers....
But people are still willing to exchange their gold and ammo for that paper so I'm still willing to play the game.
I don't know a single person that is selling gold or ammo for rapidly devaluing paper. Doesn't sound like a neighborhood I like to live in. Good luck.
Just setting up that end of week rally on the upcoming fantastic BLS employment for the bankers. If you can't get big volatility to trade, you need frequent small volatility. Every day and every report must be polar opposites of the ones that proceeded them
I think I read recently that the Federal Reserve has actually invented a warp drive. Or maybe it was a perpetual motion machine.
Dry cunt is a conspiracy theorist now so better late than never. I think she is de facto admitting what we all know, that the FED is losing control of the markets cause if they could make them go up with QE forever, they would.
well, didn't yellen say last year biotechs were a bit frothy ... and then they did moonshot?
But but but the Yellen Put!!
The FED is cornered, and Yellen/Fisher know it. But worldly gifted Jews like to go to extremes so the game will be played. btw, Got gold?
Got extra food, ammo, water? Cannabalism aint no joke.
soylent green is quite tasty.
What will happen if someone tells the markets that the debt-money/frac reserve is running up against the laws of thermodynamics?
Beyond a certain point, academic economics guiding policy is like seeing a phrenologist for your headache.
Economics and Academia both are spy-riddled and money-soaked.
Tis the season for fiscal treason.
As if millions of stawks were suddenly silenced.
Whaen did stocks peak before the crash of '08? Oh yes, the summer of 2007. Hmmmmmm....patterns patterns everywhere!
Armstrong going for a dump in stocks first (over the next few months).
That gets people saying 'it's all over' and jumping into Bonds.
Then Bonds dump for good and stocks go to the moon.
All starting October this year.
If he gets this call right, it will be the call of the century.
The argument is simple, if people lose faith in government debt there's only stocks for them to go into (he's talking about the big money).
Whether you like Armstrong or not, anybody that calls out the Elite is worth listening to because it proves they understand what's really going on.
No that's not how it works. Just because one goes down doesn't mean one goes up. And when people can't jump in the heaviest trade of all - the dollar - then where will they go.
THEY WILL GO FOR GOLD
Yes, Gold should and will probably get a massive bid but the big money can't buy it, market is too small. Give me a $5billion buy order for US stocks and I'll have it filled by the end of the day. Give me a $5billion Gold order and come back in many weeks time, maybe longer.
Armstrong is going for a private versus public arguement.
Public is government debt, private is stocks. The big money, the trillions floating around the world can only buy into the massive markets, quality stocks or government debt. So it's not a case of buying stocks because they offer value, rather they're the only asset class the big money can buy into because of their tremendous liquidity.
If supply is tight that would send the price higher. If the gold can't be delivered then panic orders would come in. This is why the Fed and other CBs have looted the gold in the vaults, because it is becoming increasingly hard to attain.
Armstrong is aways wrong about everything. He has been saying buy stock ever since the S&P hit 2100. Before that he was saying wait until they pull back. He said buy oil for the big rally 6 months ago. He said sell oil down to 30 after it 40. He said buy gold 6 years ago because it was going to 5K. After the intervention to 1150, he said sell it down to 950. These predictions are all available on the internet. The guy claims he is making trade timing calls. And none of them are ever right. He is a charlatan pretending he invented AI that tells the future. How simple do you have to be to listen to this asshat?
Why do people listen to that idiot? He is just chasing prices like every other asswipe.
I'll bet the video doesn't show the full clip. "Equity valuations are quite high....but they can go a lot higher with the free money I keep printing baby and I ain't gonna stop. It's not my job to worry about bubbles, I'm the freakin Fed, it's not my job. If I do QE and ZIRP for a decade or more and destroy bonds and cash as an asset class so that equities and real estate go into a bubble, so what? I get stocks up, I get a job with Goldman, write a book, go on the lecture circuit. Woo Hoo! But, you must remember, I really, really care about the little people and wealth inequality. Sure, I caused their suffering and huge divide in the wealth gap, but if I'm on the right side of the gap, what me worry Lagarde, you oompa loompa."
Diminishing returns
So now they find "religion"?
Make up your fucking mind Mr. Yellen....you just said stock prices were NOT too high.....Is time running out and does it feel like the walls are closing in Mr. Yellen ????
There is a reason she comes off as a kindergarten teacher.......
Okay,
So Yellen is an appointee. The FOMC are government.
The Fed Banks are private.
The names that get on the list for politicians to choose from for the FOMC or Chairperson are put on that list by the private banks.
The hand that feeds the Fed are the private owners of the Fed banks.
Mass deflation will kill those banks in a debt collapse - Deutsche Bank, Societe Generale, Wells Fargo, etc among them.
Mass inflation will kill those banks' liabilities and force a reset to the debt cycle by way of added zeros...or a good-bank, bad-bank split from the dollar and replacement with an alternate.
So...If you really want to know whether Yellen is going to return to QE you need only ask whether the banks would prefer to kill the impending debt implosion by way of deflation or inflation.
Once you know that answer...and we all do...the only question is timing and triggers.
Can we agree that 'Extend and Pretend' is running out of legs? In short, that decision time is near?
But isn't QE in its current form deflationary?
Everyone would agree with you that they are desperate for inflation.
Either they knew QE would be counterproductive in this regard from the outset (and off the top of my head I can't think why) or they are only just figuring it out now (which means Helicopter money will be the favoured mode of QE with the next crash, or something like that).
Yellen is a stock market manipulator.
She knows the dollar slide is going to help earnings.
She wants you to short the market.
She knows equities are moving up.
Fucking bitch!
nailed it.
Wow. Good thing we "hired" someone so damned smart for the job.
Brace for a strong rally. About a year ago, Yellen was sure biotech was too high.
Ha ha. Almost 100 points up on the Dow since thiis post. Contrarian indicators: ZH and Jellen.
You talking to me?
Every time you see someone in the securities or commodities business ask them this question
"DID YOU HEAR WHAT JANET YELLEN JUST SAID?"
The reaction tells it all...and how stupid this entire arrangement has become...
Many things are like this. Yesterday, on MarketWatch they published an article about the National Association of Realtors NAR reporting the best real estate markets right now are in Texas and New York... specifically Houston, TX.
I commented on it - saying that's not what I'm seeing in Houston, TX. I gave links to a Houston based Real Estate company that exclusively deals in Houston area Real Estate. These links all pointed to local Houston newspapers, etc. inferring Houston is starting to look really bad because of all the shitty profits, CAPEX cuts, and massive layoffs going in the Houston energy industry right now, and how it will affect prices in the Houston and Texas.
Some MarketWatch dufus fuck responded with this comment "That website is totally bogus, with absolutely no credibility."
WHASSA MATTA YOU?!? DIDN'T YOU HEAR WHAT THE NAR JUST SAID?
It’s the Rocky Horror Picture Show revival.
Damn it, Janet! Stop beating around the bush.
Just tell us what price AAPL stock is going to close on June 30, 2015.
She's just teasing and flirting.
We're already in recession.
She'll return to QE before Thanksgiving or the wheels will come off.
Money Question For Ms. Yoda: "Did you whisper this in George Soros ear first, or are we all hearing this at the same time"? Seems appropriate since you give out "your opinions" to HFT algos and other money elites.
www.traderzoo.mobi
Yellen is a deckmate shifting chairs on a economic ship vessel. She has been certified to bail out the engine room water encroachment.
Why does anyone pay attention to and act upon what the Fed says? Words are the only tool the Fed has left, be they lies, deception, propaganda - whatever - anything but honesty, words that equate to the truth. What is true and will remain so is the Fed's printing press is running 24/7 and doling out billions eDollars to whoever they want to dole them out to - they just don't tell anyone they are doing this. Anyone who believes otherwise is a good little sheep.
Yellen, we use the paid MSM to direct mindless fucks to invest on our ZIRP visions. Once we pass NIRP, we have them fenced-in. TPP will be a easy selling point.
/sarc
SHUT UP and Dance with Me!
this fat cunt yellen talks the market lower, only to watch the market V-bottom again, 20 minutes later
fuck you yellen you lying pig!!!
Published on May 5 in the Russian media the results of investigation into the collapse of the Malaysian Boeing-777 in the Donetsk region are based on the pictures, which were fabricated by the General Staff of Russia. This was stated by the chief of counterintelligence department of defense the state’s interests in the sphere of information security SBU Vitaly Naida , transfersApostrophe.
According to Naidoo, the General Staff of Russia took four days to fabricate evidence, falsify satellite imagery, materials satellites spies to try to accuse Ukraine of possible involvement in the collapse of Boeing.
According to Naidoo, a comparative analysis of Russian space imagery data carried on digital satellite data. This so-called “Russian evidence” has many signs of forgery and retouching . In addition, some of these pictures was shot by Russian spy satellites at another time, long before the terrorist attack Boeing flight MH17 .
So, forgery was “satellite image” of the General Staff of the Russian Federation from the alleged July 14, 2014 in a separate radio technical battalion / h A-0194 near the village of Greenhouse Luhansk region.
CounterSpy also stated that the said armed battalion was withdrawn under fire from terrorists in the Kharkiv region, there was no active weapons such as SAM “Buk”.
You reek of desperation... You best get your Latvian scientists to work on the potato scented soup and deodorant.
Just think of all the women you'll attract then... It boggles the imagination.
Fuck off you paid hasbara sleaze.
http://www.washingtonsblog.com/2015/03/can-ukrainian-government-target-a...
Let us hope you do not drop a potato while Joel Harding is nearby.
I just QE'd in my pants...
Granny Hooknose screwed up my day trading DXD on the predictable intra-day. Go away Yellen.
How Hi is a Chinaman.
About 5'4".
So Yellen signed up for an online check book balancing course?
This is a quote from Yellen's Q & A:
"We've also seen the compression of spreads on high-yield debt, which certainly looks like a reach for yield type of behavior,"
No fucking shit! It appears TPTB need to hire smarter puppets. If dumb ugly cunts, like Yellen and LaGarde, are they best they can get for that kind of money........we really are screwed, as a species, that is.
Is Yellen making hawkish noises to slow the USD's slide?
brought out the big gun to go bear hunting.
if you don't know what the price of the s&p 500, will be at 8:00 pm est daily, by 12:00 pm est daily, take your money, and run.
We jewed some folks.