This page has been archived and commenting is disabled.
"Good" News Is Bad News - S&P, Dow Give Up Post-China Press Conference Gains
42 year low jobless claims and retail sales in line... sell sell sell. The Dow and S&P have given up all their overnight gains ahead of the open...
Who could have seen that coming?
All that said, China may quickly be forgotten if only for a few hours when looking ahead at today's key economic data which is in the form of US retail sales.
Should the retail sales print be far stronger than expected, then the shaky September rate hike case will be right back on the table, and as has been the case recently, will be another instance of "good economic news is bad news for stocks."
Which may explain why equities are far less exuberant this morning than usual following massive central bank intervention.
* * *
»
- 9711 reads
- Printer-friendly version
- Send to friend
- advertisements -
Totally rigged. One trader is on the phone with another trader (or they sit next to each other).
JEEEZZZUZZZ! you people are Doom and Gloomers! get on the train for the Big Win for pete's sake! IF the Markets were FAKE would sooo MANY people be Betting their life savings on them....? REALLY? :-)
neeee ... they all are well informed and they sure know what they're doing. we idiots are making fun of them cos there's no other entertainment in our lives.
Yes, the mkt is a decoy so traders miss the real action, which is the nail salon of course.
We are constantly discounting market actions as algo driven or simple stupidity, but I wonder. Could it be as simple as the gamblers in full recognition of the markets illusion, in that good news is bad news because they understand that all good news is fake or irrelevant, That the only good news for a gambler is new money coming to the table, in this case from our government's money printing corporate welfare, whatever it takes to support "the markets".
We have all recognized the backasswards actions in this, and well acknowledged the role that "news" has played, but I really do think "the markets" are speaking to us loud and clear. IT IS FUCKED. The only game left is to front run the downside as well as our government's flailing attempts to save it. Anyone who says otherwise is not paying attention or is making money from the destruction. selling weapons to an entity desirous of our end. What could go wrong with that?
What's an algo to do?
My name is Joe and im an algoholic....
Whatever, BTFD! Who cares about China slow-down even though that was a huge "bull" reason? Those ghost cities and whatnot were never going to catch up! Government can fight nature!
this is what happens when one bankster, front runs the others .."we had a deal" goes out the window..this is the black swan when they turn on each other..watch who gets fucked in this international fx game..in case you don't know..it's YOU.
BUY___/___SELL
They still sell toggle switches at the 'Shack , don't they?
Fire one million! - Jean-Baptiste Eamnuel Zorg
They are betting everything! It is called, nothing else “investing”. The Fed has taken away any incentive to save and worked hard to re-inflate the property and equity bubbles. You hear it all the time, “I have no place else to put my money.” Duh! That was their intention, as they pushed equities higher with loose money buybacks, and easy loans. You feel wealthy, borrow cheap money and buy stuff.
Bears have to concede it has been successful beyond the bankers’ wildest dreams. And have no doubt, if things come apart there will be more QE and more stimulus. The markets are now way too big to fail…it is a matter of national security. But, Mr. Market somehow always manages to correct the excesses inflicting as much pain as possible. This bubble will be no exception. And when fear overcomes greed, it will be spectacular to see. Bears will still have a tough time as each round of panic selling is met by more QE announcements. Good luck…nasty out there.
"42 year low jobless claims and retail sales in line... "
Most of the people I see pushing shopping carts are homeless...
The end is near!