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"Market 1 - 0 Yellen/Gartman" Bonds & Stocks Bid As Crude Crumbles
Only one clip seemed appropriate given the last two days...
This seemed to sum things up nicely...
S&P500 Futures; NO STOPS GO UNTOUCHED IN THE ELECTRONIC ARCADE - http://t.co/8DmaJqUWbe pic.twitter.com/Icwt87hliL
— Mr TopStep (@MrTopStep) May 7, 2015
But this morning's epic short squeeze provided the momentum for the rest of the move...
Gartman and Yellen were celebrating briefly (very briefly) this morning...then not so much
As we said this morning, "Will Yellen Capital Management LP be right, or will Gartman's uncanny ability to be always wrong at just the right time, provide the bounce the market so desperately needs?" It appears so - for now.
Cash indices managed briefly to get green *(Russell and Trannies only) for the week, but leaked lower into the close...
It appears there was some protection-buying ahead of tomorrow's "digital" payrolls number (VIX notably underperformed)
As did HY Credit...
Then there's YELP...
SHAK shook...
Bonds were the big movers today with Bunds & Treasuries massively roundtripping... (Bunds -18bps from overnight highs... and USTs -15bps!!)
This is the best day for 30Y TSYs since Jan 28th
On the week, Treasuries remain higher in yields but major bull flattening today (as perhaps AAPL rate locks were lifted)...
The Dollar rose notably, driven by buying during the US Session...
Commodities all weakened as the dollar strengthened...
As Crude crashed back to one-week lows...(despite tension rising in ME)
And Shale Stocks were slammed...
Charts: Bloomberg
Bonus Chart: Bears still absent...
shocker -bears still 13.9% pic.twitter.com/PR4mAEHjnb
— Not Jim Cramer (@Not_Jim_Cramer) May 6, 2015
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What a shitshow of a day (including last night). Even the rubes must recognize how broken and rigged these "markets" are.
The casino needs more debt to break out of this sideways shitshow...come on yellen you old fuck, you can do it.
The best way to not have your stops hit is to not enter stops like a boss! /s
No they don't. Read the Yahoo finance message boards. They think they are making "money"... When this behemoth does crash and burn, it will be epic.
They think they are making "money"... When this behemoth does crash and burn, it will be epic.
They ARE making "money." It is soaked in napalm, however...
https://www.youtube.com/watch?v=A_sY2rjxq6M
Heh. Yeah, too many zombie fuckheads read the BTFD part, but forgot to read the part that says you ONLY make $$$ when you actually SELL. This sidways shit though must drive the newbies nuts. Actually it is driving me effing nuts. At these levels I prefer thge Short side, but thw sideways shit forces me to Buy SPY calls. Sell. Buy SPY Puts. Sell. Complicated of course by the HFT Algos.
BUY BUY BUY
You called?
Im no expert on technical analysis, but it looks like GBPJPY is forming the stright-ascending-vertical-line formation
No clue what tomorrow will be like - but everyone and their hot dog vendor says a drop is coming soon. So I sold my call today at lunch and bought a June Put - figure I'll sit on it for a couple of weeks this time. Good luck guys. Trading this has been exasperating.
I'm not as worried about a 2008-style crash as I am about this market chopping sideways for the next 5 years. Or 25 years.
If I knew it would do that I would be happy. Just buy dividend stocks
Hmmm I've been downvoted. Probably due to my forgetting to add breasts to my post.
( . ) ( . )
+1 yeah that's better
Get some titties or ass in your avatar and you're all good, my friend.
My post is bigger then yers...
( . ) ( . )
Regardless of the jobs report - stawks WILL go up. If > expected, that means GDP will go up which means earnings will go up. BUY. If < expected, that means interest rates will stay at ZERO for longer. Since TINA - BUY. If = expected, then OF course - BUY.
I heard spinheads on CNBS say exactly the above today. Who listens to these dumb fucks? I sometimes listen to amuse myself cause they are so absolutely full of shit.
"fucking bullshit are these markets...."
-Yoda-
more Silver in cue for the fraudulent paper raid on the London Open tomorrow morn....
get some....
Crude was a gap fill today @$59. Will be interesting if we get a pull back or will it drop to $57.50.
Doesn't matter as supply and demand do not exist to a robot.
How is a joke like "Shake Shack" (or whatever it is) price at SIXTY-SIX DOLLARS++?????
Pays a dividend? Let me guess.
Kinross Gold - a profitable, $15-$18 stock, now goes for $2.93. WHERE ARE THE VALUE INVESTORS????
You may hate it at 66, but how did you feel about it at 78?
mining is expensive and requires permanent capital investments
bullshitting with shak costs less and can pack in overnight
I know things like fundermentals don't matter but WTF?
SHAK
Book Value Per Share (mrq): 1.05It almost hit $80 yesterday and now it closed near $66. Wait until lockup period ends in June. There will be a mass exodus of insiders selling to the sheeple.
“Short Squeeze” from "Daydream" by The Lovin’ Spoonful
What a day for a short squeeze
Quite a day for a day-tradin’ boy
And I'm lost in a trade scheme
Reamin' ‘em out with their hedge fund toys
Since even the HFTs are on my side
It's one of those days for takin' an early ride
I’ll soak in the sun for the entire day
After dumping my whole account into TNA
I've been havin' a sweet day
It’s been green since I woke up today
It's starrin' me and my sweet dream
'Cause tickling shorts makes me feel this way
And even if prices pass me by a lot
I couldn't care less about the crap you say I got
Tomorrow I'll pay the dues if I keep these cards
Though it’s in your face if we hear from that sneaky Bullard
And you can be sure if you're not positioned right
This pop could last along into the night
Tomorrow by breakfast you better cover your rear
Or they may be squeezin’ it for a thousand years
What a day for a short squeeze ...
limp dick market, dong is weak
Once I read yesterday that 2080 was a key area for the S&P, and once it was breeched to the downside, I knew we'd rally like hell today.
I'm so smart. Perhaps I'll have a second Samuel Adams Summer Ale. And I'm at work!
MR. TSAR.
I will correct your post YEAR 2180 is the key area for support in the Ponzi. by 2180 a new generation of brainwashed serfs will be on board and grateful for a grain of GMO rice.
http://www.reuters.com/article/2015/05/07/us-usa-fed-portfolio-idUSKBN0NS0BB20150507
Wary of bond 'cliff,' Fed plans cautious cuts to portfolio
(Reuters) - The Federal Reserve is sketching out plans to prevent an abrupt contraction in its massive balance sheet next year, when as much as $500 billion in bonds expire and risk disrupting markets and the U.S. economic recovery.
Though it ended a stimulative asset-purchase program last October, the Fed is still buying mortgage and Treasury bonds to replenish its $4.5-trillion portfolio as holdings mature. The central bank has said it will keep reinvesting until some time after it begins raising interest rates later this year.
Asked publicly and privately about the longer-term strategy, Fed policymakers say they are in no rush to shrink the portfolio, suggesting they will seek to avoid a "cliff" - a disruptive end to reinvestments that might come if bonds are simply allowed to run off through maturity or prepayment.
Economic analysis shows that shifting the end of reinvestments by several months in either direction would have "essentially no effect on the economic outlook," San Francisco Fed President John Williams told reporters last Friday.
"My view is this would happen organically," he added. But to avoid confusing investors with too many changes at once, he said, the Fed should give investors time to get used to rate increases before allowing the balance sheet to shrink. "You want enough separation in time just so that, once we get the (rate) normalization process going ... then this would be a decision that would be of second-order."
Six years of crisis-era purchases meant to boost economic growth quintupled the size of the Fed's balance sheet. The Fed predicts it will take until 2020 to shrink the portfolio back to normal.
The central bank can always sell bonds, but it said in September it will rely primarily on run-off to reduce holdings in a "gradual and predictable manner."
Getting my beer and popcorn ready. It appears the bond vigilantes only come out at night now.boooooooooya
Saw a news story about a bear goin' ape and tryin' to escape from a Japanese zoo. Hmm ... could this be a market metaphor?
Was he trying to join up with his short-selling friends, or was this a thinly-veiled suicide attempt? Did he get advance Jobs data from an HFT feed ?
they’re coming…
first theyve destroyed the purchasing power of your debt coupon dollars…
then theyve paid u REAL negative interest on the debt coupon dollars for those stupid enough to leave them deposited in their insolvent institutions…
now they r setting the table to prevent u from taking them away from them and keeping at home outside of their system where theyve been stealing them from u via inflation…
they want total control over ur every act….and Silver and Gold stand in their way….not fiat dollars……
Danish government proposes getting rid of the obligation for certain retailers to accept payment in cash.
"The Danish government has proposed getting rid of the obligation for selected retailers to accept payment in cash, moving the country closer to a "cashless" economy. Nearly a third of the Danish population uses MobilePay, a smartphone application for transferring money to other phones and shops, and Sweden, Denmark and Finland lead the European Union in credit card payments per inhabitant.
The Danish government said as of next year, businesses such as clothing retailers, petrol stations and restaurants should no longer be legally-bound to accept cash. The proposal is part of a pre-election package of economic growth measures aimed at reducing costs and increasing productivity for businesses. It would need to be approved by parliament, although the timing of a vote is as yet unknown.
The proposal is unlikely to meet much opposition in Denmark, where it is common to use debit or credit cards for the smallest of payments. Financial institution lobbyist Finansraadet said going cashless would save shops money on security and time on managing change from tills. However, there are some fears that a complete move to electronic payment may increase the risk of fraud. In Sweden, for example, such cases have doubled in the past decade.
Denmark's biggest bank and owner of MobilePay, Danske Bank (Copenhagen: DANSKE.CO - news) , has taken steps to prevent fraud by linking the app to NemID, a digital signature linked to the Danish equivalent of individuals’ National Insurance number. Bill Gates, the founder and former chief executive of Microsoft (NasdaqGS: MSFT - news) , is a vocal supporter of the movement towards cashless societies and argues it would encourage banks to provide services to the world's poorest, due to the low marginal costs. (yeah sure mother fuckers:my emphasis)
However, German central banker Carl-Ludwig Thiele cited economic data, freedom of choice and even Russian novelist Fyodor Dostoyevsky in a passionate defence of banknotes and coins on Wednesday. "Abolishing cash would hurt consumer sovereignty - the free choice of citizens about their payment instruments," Mr Thiele, who oversees cash management and payment and settlement systems at the Bundesbank, said.
"Government agencies do not have the right to tell citizens how they should pay.” Mr Thiele said cash was still used in nearly 80pc of transactions, while the value of that cash accounted for 53pc of all money exchanged. "Each person chooses the instrument that best meets the requirements in their eyes. As Dostoyevsky said in 1861:
https://uk.finance.yahoo.com/news/denmark-moves-step-closer-being-155548...
Two words: Abandon ship motherfuckers!
What? That's three? Not if you work at the Bureau of Labor Statistics, pleeb!
It is a running joke, but it is truly amazing how the market moves against Gartman almost without exception and usually big. It am not a statistician, but it must almost be mathematically impossible to be that inaccurate in predictions.
Someone has to start an Inverse Gartman ETF. Now here's a brain teaser: What if Gartman himself started the Inverse Gartman ETF? The whole financial system could come crashing down as it wouldn't know what to do.
The white haired, carp eyed, fed reserve piglet is one ugly cunt
If hitlery wasn't around, she would take the crown of Cunt of Cunts
If the title Queen of Cunts wasn't already occupied by the old senile useless as dog shit, british bitch, Yellen would take that too
Therefore, I nominate yellen as the Chairwoman presiding over the League of Sloppy and Depends Wearing Cunts
Cunt of Cunts - occupied
Queen of Cunts - occupied (although the old dementia ridden cunt is about 1 step ahead of that stroke)
Chairwoman of Cunts - occupied
Here's a joke for you, what does Yellen's cunt smell like .... depends
Hip, hip hooray for the Cunts that are taking this ship straight to the bottom of the abyss
I do not disagree with your sentiments, Just your overwhelming abuse of adjectives that relate to 50% of the human race (women). Please refine your anger. This insults all women. Your mothers, your sisters, your daughters, your wife.
I agree with your starting point of anger. Just not how you express it. Think for a minute.
The silver bullet will bring the death of the system! Buy silver as much as you can!
https://www.youtube.com/watch?v=e0Ds9K5fkyc
What did the dollar do today?
Multiplied mysteriously
The dollar is like a gremlin, it gets wet and multiplies.
Just because Yellen said stocks are overvalued on a P/E ratio doesn't mean she cut her bank's exposure. She runs the world's largest Hedge Fund and likely still is very long stocks.
Effing Zombies paid just a quick attention to Fraudlien Yelling's comments today and forgot them by today. Heh. This time IS different. In the old days, hell irrational exuberence was worth the equivalent of 1,000 dow points and the slide lasted days - not minutes.
http://www.cbc.ca/player/News/Business/ID/2666703865/
The Exchange with Amanda Lang | May 7, 2015 | 18:40
The case against Bank of Canada
Rocco Galati is one of the country's leading lawyers with a taste for quixotic cases