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Dow "JOLTed" 200 Points 'Off The Highs' As September Rate-Hike Odds Rise

Tyler Durden's picture




 

If only the data - that apparently The Fed is 'dependent' on - would collapse. The surging JOLTS data has lifted September rate-hike odds - after a week of sliding - and dragged The Dow more than 200 points off its morning highs...

 

 

Of course - the higher stocks rise, the more likely The Fed can hike rates... reflexivity anyone?

 

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Wed, 09/09/2015 - 11:02 | 6526568 lehmen_sisters
lehmen_sisters's picture

On a side note, does anyone have Rick Santelli's ZH username? Got a question. 

Wed, 09/09/2015 - 11:45 | 6526795 NoDebt
NoDebt's picture

GARTMAAAAAAAAN!  You are so consistently wrong you're possibly the most awesome contrary indicator in the market today.  Magnificent bastard, I just signed up for your newsletter.

Wed, 09/09/2015 - 13:18 | 6527268 KnuckleDragger-X
KnuckleDragger-X's picture

+1000 for master level snarking......

Wed, 09/09/2015 - 11:04 | 6526582 HardlyZero
HardlyZero's picture

DOW Doldrums ?

Wed, 09/09/2015 - 11:04 | 6526587 Amateur Society
Amateur Society's picture

Come on Gartman! Time for the uber bull call!

Wed, 09/09/2015 - 11:15 | 6526643 Temporalist
Temporalist's picture

GARTMAN!!!  <shakes fist in air>

Wed, 09/09/2015 - 11:05 | 6526588 Dr. Engali
Dr. Engali's picture

Damn, that whole quarter point is scary as fuck!

Wed, 09/09/2015 - 11:13 | 6526618 HardlyZero
HardlyZero's picture

3rd rail. 

It is a 0.25 amplitude step function with d%/dt = infinity when asserted.

It is like we are contemplating walking over a crack in the road.

Monty Python climbing the Uxbridge Road

https://www.youtube.com/watch?v=AlV1gHZg2Os

Wed, 09/09/2015 - 11:16 | 6526650 Dr. Engali
Dr. Engali's picture

Love Monte Python.

Wed, 09/09/2015 - 11:17 | 6526652 Rama V
Rama V's picture

Yes, the percentage increase from zero is huge.

Wed, 09/09/2015 - 13:21 | 6527282 KnuckleDragger-X
KnuckleDragger-X's picture

Well if you have a dollar and someone gives you another one, your 100% richer. Sheep herding can be a rewarding career.....

Wed, 09/09/2015 - 11:05 | 6526591 khnum
khnum's picture

i have to laugh when I first bought a house it was 15 percent and rates often moved .5 at a time,if the economy cant address a .25 rate hike then there is something very,very wrong 

Wed, 09/09/2015 - 11:14 | 6526639 Temporalist
Temporalist's picture

Your house will be one of the first converted to a FEMA reducation facility.

Wed, 09/09/2015 - 11:27 | 6526702 Oldballplayer
Oldballplayer's picture

My first mortgage in 1988 was a 30 year adjustable, 2 years, 5% limit.  And as first time home buyers were were happy to get it.

Almost 30 years later, in a house twice as large in a much better community, our mortgage payment JUST went over what we were paying then.

Wed, 09/09/2015 - 11:06 | 6526593 JoeySandwiches
JoeySandwiches's picture

Maybe the end of the last sucker's rally before the fall? Wishful thinking is nice.

Wed, 09/09/2015 - 11:09 | 6526611 r101958
r101958's picture

LOL!! The 'market' -What a farce!

Wed, 09/09/2015 - 11:11 | 6526617 Al Huxley
Al Huxley's picture

Well, that's what happens when everybody gets jobs as waiters and frycooks - maybe if the Wall Street crowd brought their lunches to work the numbers would cool enough to stall the rate hike.

Wed, 09/09/2015 - 12:31 | 6527032 Tin Hat Salesman
Tin Hat Salesman's picture

hmmmmm

Wed, 09/09/2015 - 11:12 | 6526624 Conax
Conax's picture

When you're trying to pick up a nickel in front of a steamroller, it's good to be a little bit jumpy.

Paper investors are out there trembling like chihuahuas.

Wed, 09/09/2015 - 11:12 | 6526630 Soul Glow
Soul Glow's picture

Yellen hikes, a bank goes under, oops they have to print some moar.

Wed, 09/09/2015 - 11:13 | 6526634 Sudden Debt
Sudden Debt's picture

YEAH YEAH YEAH!!! LETS MAKE IT LOOK LIKE WE'RE NOT SURE WHAT'S GONNA HAPPEN!!!

EVERYBODY!!!

PUT ON YOUR SURPRISED MASK AND PLAY THE OOOOOHHH SOUND!!

Wed, 09/09/2015 - 11:17 | 6526657 Baby Eating Dingo22
Baby Eating Dingo22's picture

Bet this jolt straightened every last one of Janet's gnarly straw pubes

Wed, 09/09/2015 - 11:20 | 6526674 HardlyZero
HardlyZero's picture

Looks like all three below are joined at the hip on the same Merry Go Round...and Janet just got Jolted on the ride !

Stock Markets

Dr. Copper

Oil

 

 

Oil is coming down now...so the markets are down....and Dr. Copper is probably goading them on.

 

 

Wed, 09/09/2015 - 11:17 | 6526658 Tinky
Tinky's picture

"Mommy! Mommy! I wanna go on that ride!"

"No, I'm sorry honey, that's the Stock Market, and it's much too dangerous."

Wed, 09/09/2015 - 11:19 | 6526666 jmcadg
jmcadg's picture

Working with 100-1 leverage is great on the way up. Suckers.

Wed, 09/09/2015 - 11:22 | 6526679 Seasmoke
Seasmoke's picture

Where have you gone Joltin Joe DiMaggio ??

Wed, 09/09/2015 - 11:24 | 6526694 Oldballplayer
Oldballplayer's picture

Right after the AAPL show, the crap should hit the fan.

Wed, 09/09/2015 - 11:29 | 6526708 Thisisbullishright
Thisisbullishright's picture

They will never, ever, ever raise rates!

 

Wed, 09/09/2015 - 11:35 | 6526738 fritskrach
fritskrach's picture

Long end of the curve will do the job.

Pull baby pull.

Wed, 09/09/2015 - 11:39 | 6526762 BlackMagician
BlackMagician's picture

Boy oh boy...I can't wait to start earning .025 MORE on my savings. I'm going to be rich bitchez!

Wed, 09/09/2015 - 11:41 | 6526766 Buster Cherry
Buster Cherry's picture

C'mon baby! Just hold higher than yesterday. At least close at yesterday's level. That's all I ask.....

(pulled the 401k out yesterday)

Wed, 09/09/2015 - 11:54 | 6526859 Dragon HAwk
Dragon HAwk's picture

I remember sweating that 24hrs...

Wed, 09/09/2015 - 11:48 | 6526830 starman
starman's picture

Tralalala lalala what? not again?! No more porn brakes fot PPT!

Wed, 09/09/2015 - 11:58 | 6526880 MFL8240
MFL8240's picture

How many more months of lies till people realize rates are going down, not up?

Wed, 09/09/2015 - 12:16 | 6526961 SillyWabbits
SillyWabbits's picture

What is the correlation between interest rates and printing pressure?

Is it inverse, transverse or perverse?

I believe is it inverse and manifold.  So a .25 point interest rate increase results in a multifarious decrease in printing.

There is the real fear!

Wed, 09/09/2015 - 19:25 | 6529120 franciscopendergrass
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Great Pun, tyler

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