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Small Caps Slammed, Nasdaq Turns Negative On Week As USDJPY Rolls Over
USDJPY rolls over after the Fed revised IP lower and BoJ comments on inflation outlook, Johnny 5 decided "time's up," and stocks tumble...
- BOJ'S KURODA SAYS EXPECTS JAPAN'S INFLATION RATE TO ACCELERATE CONSIDERABLY IN COMING MONTHS
- *U.S. PRODUCTION RISES LESS THAN PREVIOUSLY ESTIMATED, FED SAYS
Sending stocks lower...
Because all that matters is "carry"...
Charts: Bloomberg
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I hear creaking noises.
Creaking noises are normal on these fine old vessels. Stay the course. Don't mind those rats going overboard.
Tickmill guys recommended today to buy long-dated (2-3 years out) far-out VIX calls. Should be one of the best asymmetric risk-reward trades this year. Any thoughts on this?
That's just the minor tsunami heading towards the casino, but go ahead and put your bets down because it'll never reach us.......
<<< Bullish for gold?
<<< NOT A CHANCE! It's hammer time!
Apple bites.
Whateva. Doesn't matter. Will turn positive in the next couple of days.
nope. starting to look like a replay of 2011. so when stocks drop >20%, the fat, stupid, senile cow running the fed can print MOAR.
At the very least they need a reason to delay rate rises.
Whatever you do, just please DON"T panic and buy gold. Please. please!!
Just believe us while we print and plaster this little crack called QE, BLShit, and other small imperfections.
We promise none of this is structural, everything will be fine.
And remember, no gold. Eh? Deal??!
Great news! Now I can recoup the 70% I'm down shorting the market over the last 12 months
shhh they will jail you!
The USSA will follow China's lead and outlaw selling and shorting soon enough!
Gotta prop the stawk market at all costs!
Twisted FUBAR!
I wish the USSA would have banned shorting 12 months ago
What I don't understand is why does the FED even bother to give dismal data? Why don't they lie about that as well as everything else?
The FED is Lying. The data is far worse
"BOJ'S KURODA SAYS EXPECTS JAPAN'S INFLATION RATE TO ACCELERATE CONSIDERABLY IN COMING MONTHS"
These economic geniuses have been saying that for 30 years now.
No they haven't. Inflation is temperate to mild, like your favorite salsa. So go out and buy a house or stocks before inflation surges. While your at it do Greece a favor and buy an island. You'll be helping their economy!
Talk about a "debt reset."
Equities continue to amaze...but Bonds do all the hiring.
If that junk bond market implodes that could take a lot bigger things than "a few mining companies" with it.
You know what time it is?
Time to BTFD, dipshits.
The ponzi fraud will not end quietly. This is nothing to get excited about. Only the Dow is down more than 1%, and most of that is because of United Technologies and IBM, both down over 5% on the day.
We'll be at record highs in a week or two. Enjoy the summer, like the people in the Hamptons, or, those of us (yours truly) who can only dream of that kind of luxury, while swilling beer on our paid for acreage.
Hey look man, who wants to be some dipshit in the Hamptons anyway? Sure the girls look like models and the coke is in excess but the conversations are rarely stimulating. So enjoy your beer, hopefully it is a NW micro ;)
And, while I'm still fogging a mirror, apologies for my comment a few days ago, calling gold and silver "doorstops."
Left off the <sarc> tag.
My bad, homies. I had some silver bars, but damn, when the boat overturned in Sodus Bay, they were gone. Oh, well...
Shit man if you are using silver as a doorstop good for you, I guess that means you have plenty. Me, well I'll buy more in a couple weeks when I get paid my fiat funny monies no matter what the price.
:)
there seems to be pattern when ever US treasuries, seem to breaking down (higher rates) poor data comes out .. stocks drop .. greece or something to get the buyers back. especially if yen nearing 125 both BOJ and FED seem to get nervious
(BOJ say expects to reach inflation target by 1st 1/2 of 2016 (code for stop selling yen the QE could end some day)..
same timed FED puts out weaker data (get it people dot weak USD too much or let US rates rise.
ie the data has just become a tool for central banks to manipulate currency/rates to their desired levels.
So we wont see the free market reare its head until the excessive printing / debt has the inflationary impact and its too late..
so
This is such a shitshow.