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That escalated quickly...
The Dow is at a crucial support level...
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Back to trading channel where only bots win.
The Rubicon has been reached....headed for the 4th turning
GARTMAAAAAAAAAAAAAAAAAAAN!!!!
https://d12vb6dvkz909q.cloudfront.net/uploads/galleries/30464/khan-1.jpg
spumoni
Here is what is happening.
Explained by Cramer:
"You know what? I understand. The futures are down. Because in Europe. Even though, what Yellen did was make us more competetive against Europe"
WTF.
Future encyclopedias will have pictures and/or videos of Cramer as an example for the definition of "Shill".
Yes, down, but the algos have just round-tripped us, still above 16,000 for the DOW.
It's like a Taxi Cab driver who takes you in a loop around the city instead of 5 blocks in a straight line. Cha-ching! As you pay him the fare and tip he says "thanks for the liquidity Mack!".
A friend with deep worry lines in his brow, forced to wait til next year for their IPO (without which they are toast), told me yesterday that HSBC is having huge liquidity problems. People want dollars not yuan.
What moron would want their wealth "stored" in Yuan? Next reserve currency my fucken ass..I always laughed at that idea..trust China to hold your wealth?...that is beyond rediklaless.
They will glady take your wealth...giving it back, well, that all depends whether or not your are "Malicious" in your asking FOR WHAT IS YOURS!
Your wealth is THEIRS, until THEY decide to give it back to you...FUCK THAT!
Not even the Chinese want their wealth stored in Yuan..what the fuck does that say about trust in the Yuan...Converting Yuan to dollars ASAP is what a big chunk of the USA's "Housing Recovery" is all about!
So much so, the Chinese government is working to squash it and maybe even execute a few folks to send a message...
"Deals planned to recover illegal assets from abroad"They will start with "illegal" assets abroad...but it's a short step to all "assets abroad" when they run short on money to prop up the Ponzi.
http://usa.chinadaily.com.cn/us/2014-12/29/content_19196310.htm
They recently upped their capital controls limiting yuan exiting. Already causing Aussie real estate deals to cancel. Going to happen here too and with mortgage apps at 2000 levels now real estate in the US might get sideways.
The Rubicon has been reached....headed for the 4th turning
"The die has been cast ..."
"When Black Friday comes ill stand down by the door and watch the grey men dive off the fourteenth floor"
RULE 48!!!!
markets are confused on how to react with the fed decision. With that said, roller coasters are the most fun, when they go down.
very bearish looking, http://finviz.com/futures_charts.ashx?t=YM&p=d1
My charts have looked nasty for a while. Nothing to get out of this. But have no fear the election is near!! Carly selling embargoed stuff to Iran vs Hillary getting embassy staff killed in Benghazi. <------that should fix it all.
https://www.youtube.com/watch?v=I0QhaBW73Sk
Come on markets. Can't you give a poor sweet old lady like Janet a break?
How sad. I am going to cry...
Lot's warnings about "Artificial Intelligence" eventually turning on us in the future...maybe the future is now...machines are in full control of our financial markets...if they all decide to sell...Hasta la vista bitches!
People around the world are "re-assessing" the meanings of collateral, money, wealth, etc...
Given the current monetary system of the planet, bankers and financiers are nothing but useless over compensated middlemen stuck between the computer/printer(where money is now "created") and the producer/consumer in the real economy.
Even the dumbest joe on the street knows he will get a better deal if he cuts out the middleman.
If the bankers and financiers want to slit their own throats, oblige them and put their fucking heads on pikes!!!
The market is poised to shit all over itself, which is OK with me. I'm just a spectator these days. Too much poop in the Fed's sandbox....don't want to play in it anymore.
Back in the day when stocks opened down big they stayed down big
perhaps the next Phase has begun.....ez money means global economy is in trouble (earnings pressured, prices lower etc) AND CB efforts have little impact (dimising returns to qe has been evident for several months).
everyone seems to have forgotten the fed aggressively lower rates from jan 2008 and all during the crash...and btw Lehman occurred during the crash, not as a cause of it or the beginning....that was Bear Stearns. 'lehman moment' my ass
Let's CRASH this bitch!
No crash ... we're gonna get more FED spooge.
The cocaine warriors at the PPT just woke up and are readying their FED spooge cannon to fire at the markets.
Expect a "jizz pattern" ... Like the trajectory of jizz.
(Janet is waiting, mouth open, for something special)
I always wondered how the FED createrd their "dot matrix"...on Janet Yellen's face no doubt.
If economies can't make it on free/easy money then just what the fuck is going on? Global depression anyone?
Janet Yellen's FED intends to jizz all over the U.S. economy ... until shit improves ... at a medium pace.
https://www.youtube.com/watch?v=zLm5oSJRxIU
I WANT MY MAYPO !!!! I mean, I want my Bullard !!!!
False breakout on upside = immediate crash downside.
Hold on tight.
Janet Yellen assures us that the U.S. economy is improving at a medium pace.
https://www.youtube.com/watch?v=zLm5oSJRxIU
Get to work, Mr. Chairthing. [/schumer]
A retest of 15370 here we come. The FED screwed the pouch again. They will now start more QE the only thing in their TOOL BOX. DOW 18000 by year end.
Probably negative interest rates with "stealth" QE. Even the knuckleheads that thrive on QE will realize that the barn is burning down if the FED goes full retard QE in public fashion.
What you think the Fed is made of money?
They are illiquid too.
Europe is crashing and the DOW follows. The European sell-offs are due to what considering that every Keynesian moron in the world pleaded with the Fed not to raise rates? Is it due to European economic news? It can't be due to more finally realizing that the Fed doesn't have a clue.
When it came to stocks, the smart money bought the rumor and sold the news. When it came to gold/silver, the smart money bought the rumor and kept buying.
Fool me twice, shame on me, I'm not gonna even consider shorting the open here until machines get closer to Unch, and if I miss out on a big day, so be it. The NDX chart looks particularly suspicious and trap-like. Big spikes followed by big plunges fucks up charts, and confused and/or predatory machines are just as likely to suddenly spike as give us -400 pts before noon. Good luck to those taking the early plunge.
Its rainbow day!
Is it just me or does anyone else suspect Yellen's choice of attire might send a subliminal, or even overt, signal, message for those fortunate enough to be in the know??????
I mean come on!!!!! Jet Black dark SITH suit with 24 carat gold accessories!!!!!!!???????
Her outfit was screaming "LIQUIDATE EQUITIES AND BUY HARD ASSETS HAIRCUT IMMINENT!!!!!!".
It is more than interesting that ZH is not throwing 100 stories at the sell off???????? WTF!!!!!!!
I would love to hear any readers comments on Janet's wardrobe choice.
Do you think the wardrobe said more than all the words of her press conference??????? Was her outfit the main signal to her PRIMARY DEALERS?????
I google imaged Janet and the suit looks similar to outfits she has before but, come on!!!!!; something about what she wore during her press conference was particularly disturbing to me!!!!!
Did anyone else get that vibe?????
Anyone?........anyone?.....Beuller????