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Dow Surges 650 Points Off "Dismal Jobs Data" Lows, Small Caps Up 5%!
Small Caps are up 5% off post-payrolls lows and The Dow is up over 650 points as the lower-for-longer, please-give-us-QE4 panic-buying ramp continues... and all this with no Bullard (for now).
Squeeeeeeeze....
As The Dow charges on...
Charts: Bloomberg
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Climbing the Wall of Worry...is anyone worried?
Good time to short?
Keep some dry powder and go all in when the VIX is <12 for the last time by the end of the week.
http://finance.yahoo.com/news/american-apparel-files-bankruptcy-04530618...
Gets Bullisher by the day!
Thank God! Worthless hipsters.
If I had a nickel for every time ZH pedicted the end of shale oil....
Moar bankruptcies ... Barry's "Legacy."
All those HY bonds and ZIRP loans for buybacks just guarantee super awesome outcomes.....
VIX is currently at its lows (except the FOMC dip) for the post crash days, don't expect too much lower.
Good time to short?
Most of the bears are back in their dens, but whilst that question is still being asked, then no. LOL
Saying that, 1960 is one of my "magnet" numbers on ES so market will be back there again and again over time.
wait for Draghi's speech tommorow. QE junkies are in charge right now, and they can keep this shitshow going.
Good time to get on board the Amtrak Investment Train to Vermont.
Ride that train, but be sure to jump off JIT.
Fools, jump on board now before it goes to the moon, to the moon Alice.
Fewer and fewer jobs means much more QE (QE4 @ $200 billion/month?) and negative rates.
The Federal Reserve will do anything to boost stocks.
Fed panics only when a currency crisis occurs.
Precisely. And since 'everyone else is doing it', they (think) there is nothing to fear from $blowing it big right out their arse... Ah but...
That is when the 'Up jumps the Devil' moment appears...
Yep, and its much simpler when you can create your own currency crisis to panic over....
Because "why not".
What is measured is managed.
Why not top out at 16.666
Most Since LehamnTM?
It's really not hard to believe any more. Since 2008.
Yeah, all of the lies and play acting really clarified how things really work. It is very sad, actually.
It just occurred to me how apt the term "bull" market seems right now.
Look that volume! lol yep, things are looking great!
As the Fed prints a billions a day stocks rally. Who woulda thunk it.
They say we have "markets" I say we have Farkets. Farce of markets.
Fuck the FarketTM
We really needed a "correction" to the market today. This levitation parlor trick becomes more and more difficult as the Dow moves below 15k.
Yay, bad news is good news again! i'm glad things are getting back to normal.
So let me get this straight.
when that disgusting cunt yellen said there would be no rate hike 2 weeks ago ( which anyone with half a brain knew way in advance) the ''market'' sells off because that means things r way worse than there letting on.
Now that we get a terrible jobs number this past friday, ''Investors'' are now buying stawks because there will be no rate hike ( again anyone with half a brain knows there will never be a rate hike , not in 2015, 2016, or 2017, etc)
MAKES SO MUCH FUCKING SENSE.
It makes sense when you add in the higher probability of QE4.
The rate hike hoaxes look like a simple feint to observe response like a boxer will do. Balking again and again only makes me wonder if eventually one of the fakes might actually become a real hike, albeit in hopes that the overall response might be somewhat muted via desensitization of the whole market? Or... more likely the response was no desensitization observed in their little experiment, and now QE4 is brought up to bat?
We got QEsub N going on right now
NOW WE WILL ALL GET TO BECOME COCAINE HEROS!
Is it taking longer between the dips for the PPT to mass a counterattack? It seems that prior to August, dips were immediately repelled. Now it seems there is a lag period.
Seem like PPT hit it real hard on the open, hope the momentum carries through, with maybe a boost @3:30 if needed.
The MACD cross buy signal issued on SPX on Fri. Some of the buying may be associated w/ this.
Most major indices gapped at the open this am and kept running. Barring a mirror image reversal of Fri,
a re-test of SPX 1990 and 2020 look to be in the cards for sometime this week. A break above that would
merit short-covering. Will the Dow close up 200 or 300 today? The 11:30 ramp should start soon.
We'll see if that can break SPX abve 1180 by lunchtime. I expect I'll be eating lunch to a green screen today.
Don't fight the Fed. You have to be a market agnostic.
The MACD cross buy signal issued on SPX on Fri. Some of the buying may be associated w/ this.
Most major indices gapped at the open this am and kept running. Barring a mirror image reversal of Fri,
a re-test of SPX 1990 and 2020 look to be in the cards for sometime this week. A break above that would
merit short-covering. Will the Dow close up 200 or 300 today? The 11:30 ramp should start soon.
We'll see if that can break SPX abve 1180 by lunchtime. I expect I'll be eating lunch to a green screen today.
Don't fight the Fed. You have to be a market agnostic.
Pointless nonsense all of it.
Prepare as if you expect a never ending series of cylones over the next 5 years, with disruptions to power, transport., food, water, sewerage, medicines, lighting etc.
I say we take off and nuke the entire Wall Street site from orbit.
It's the only way to be sure...
BUY NFLX AND AMZN STAWK, WHAT FUCKING AWESOME COMPANIES. O YA, AND FB!!! AND CRAAPLE!
Does everyone realize that probably no one under the age of 40 owns one share of stock? (unless through inheritance or working in the financial industry). Any 401(k) or IRA, etc holdings based on stocks is way, way off in the future for them.
So all this shit will not help them or be of any value to them. And by the time they might reach the age to actually be able to enjoy their 401(k), etc the financial system will have imploded.
What have we done?
I myself didn't do anything. Oh, except create a business, invent stuff, hire people. The fact that the system is messed up in spite of my efforts, meh, let it crash.
I more than did my share of heavy lifting to help the economy so leave me out of your "what have we done" crap.
10 year yield dropping like a rock and stawks up like a rocket pre-open, yep we are back to abnormal. i miss the days when bond yields and stocks went in opposite directions
There will come a day in the not too distant future when equities will start trading again on mundane things like the strength of the economy and un-fudged earnings.
When that day comes it will get bloody in a hurry.
At this point there is no risk adjusted reason to be on the other side of that trade.
Tyler really needs a thesaurus. A jobs report of +140K isn't dismal or disasertous. Disappointing perhaps. What would a zero number have been? Apocalytic?
I think they had to run it up before earnings. which will be negative.
then we drop back down from higher levels and hold the lows.
seemsto make sense.
St Louis Fed president James Bulltard is smiling with stocks rocketing so high.