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Futures Storm Into The Green, On Verge Of Regaining 2100
When the "better than expected" jobs data came in, equity futures (alongside crude, precious metals, and bunds) promptly tumbled on fears the Fed rate hike, which many had expected would take place in September was pushed forward to July, or even the current month. However, starting with the market open, the E-mini has seen a relentless bid higher, and as of moments ago, it finally ticked into the green, covering nearly 17 points from the lows in less than an hour.
Why? We don't know, but we are eagerly looking forward to a blog post by Ben Bernanke, Citadel's most famous futures trader, explaining it all.
Of course, with the market having "liquidity" issues and with Virtu's algos doing all the can to constantly trigger any and all trailing or otherwise ES stops, we wouldn't be surprised if 5 minutes from now, all the gains are gone and the ES is back at the day lows.
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If the Chinese stock market can go up 100% this year, why cannot the US markets?
With a little help from the Fed, of course.
Fraud, that is the now the exclusive way to instant prosperity in this world.
"Happy days are here again!"
This move in the stock market is simply incredible! What a sweet victory for those who maintained their faith in America and didn't buy into the pessimism that is so fashionable these days in the investing world.
Cass? Cass Sunstein? Is that you Cass?
Tell that american dream bullshit to the 93 million that have dropped out of the laborforce and the 46 million on food stamps..
Zero Hedge insists on trying to interpose a rational lens by which to view the current environment, which is its downfall.
Central banks have successfully created an artificial bull market that's nowhere near ending.
And it's in nearly everything; If you have stocks, bonds, real estate, hold on to it. It will probably rise by a minimum of 15% per year and as much as 200% per year, for each of the next 5 years, minimum.
People who think most asset classes are extremely overvalued now will look back in 5 years and kick themselves for selling most anything now.
The irrationality has only yet begun.
TIS, you forgot cash. plenty of cash. though the question is how much of it is needed in order to keep the leverage in place which then holds the whole artificial bull market in place
do you hear that rush in the background? it's hundreds of billions of foreign cash flowing into the US and UK financial setup, aka negative balance of payments
Standards & Poors estimates it will be around 350 billion and 100 billion respectively, until the end of the year. what happens if this flow... stops?
"There is this thing...effectively an electronic printing press..."
Rough paraphrase.
Things will continue till they can't and then it will fall apart very fast. Past performance is no guarantee. Stocks aren't alone in the system and compared to bonds is a minor addendum.......
Remember the olde "Happy Daze" show?
You had Fonzi with his duck's ass and leather, Potsie the twit, Malf the creep and Richie Rich the sax player.
Fonzi jumped the shark and it was over.
Our ponzi is approaching the ramp even as we speak.
https://www.youtube.com/watch?v=WvGopsM1G9g
US markets are up 200% since the '09 lows. We front-loaded the first 100% pretty quick. The last 100% took a few more years. We're pretty tired right now, but nothing that another big-ass shot of monetary heroin can't fix.
There you are, we were all worried about you because you said you were going to stick a fork in a toaster to prove somethign or other, how did that work out?
Doctor says I'm healing up nicely. Thank you for asking. I need better circuit breakers.
If the FED doesn't buy stawks with it's profits, it has to give back to Treasury. So, why not load up the assets of it's foreign owners with all ownership of American production? Keep in mind that Janet takes her orders from the BIS.
Quick! Act surprised!
This is why you buy the fucking dip.
Some of the most profound comments have very few words.
Just do it u spineless sissies.
Carpe diem! We're going to live forever!
Wait... I thought good news was bad news for Wall Street?!?!
Don't blink. S&P Negative again. 10:57
EDIT: Sorry - missed the fact that we were talking about futures.
The invisible hand has been hard at work these last few weeks. Right when you think the market is about to crack lower, we see a near vertical ramp higher every single time. "The illusion has to become real, and the more real it becomes, the more desperate they want it." Rough quote from Gordon Gekko to Bud Fox in Wall Street.
It also happens to be the end of the week, need a high dose of false hopium for the masses going into the weekend.
It should be one of those everything is awesome, I can fly like Peter Pan after snorting pixie dust type of bullshit days.
Fridays are always the scariest day of the week.
Mweh!!!! she trapped new shorts below Globex low and then rallies the Bejaysus out of them up to gap fill where they beg to be allowed out,they then get replaced by longs who think it's going to the moon so they jump in long whereby she then takes those idiots back to VWAP where they then beg for the pain to stop, The ES is but a thing of beauty which demands respect.
no shit, the /es is a grinder just waiting for your meat. go ahead stick it in it looks all pink, hot, wet and tight, ahhhhh, feels so good then,--------------bam. all your meat is gone and your left crying with a bloody stump.
no limit texas holdem is a pussy game compared to no-stop /es
fedster trading desk: enter, enter, enter, enter etc. - there that does it!