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Draghi Delivers Moar Promises - Stocks Jump As EUR, German Yields Dump
Surprise! A central banker promises moar of the same... and once again the goldfish-like-memory of market particpants forgets that this has all been priced in a thousand times and buys his bullshit. EUR dumped 150 pips to a 1.11 handle, 2Y German notes tumbled 6bps to -32bps, European and US stocks are surging (as USDJPY rises) and US Treasuries have reversed early gains amid equity gains.
Close up...
And in context...
Charts: Bloomberg
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Am I looking forward to the day when the announcement of 'moar' moves the market in the exact opposite way of intention, ie the markets won't buy the same old shit anymoar.
That day is coming folks, probably within 12 months.
"I looking forward to the day when the announcement of 'moar' moves the market in the exact opposite way of intention, ie the markets won't buy the same old shit anymoar."
It's the day when free markets return.
Just like rent controls. It lasted a while.
The central bankster's stranglehold is finite. Even North Korea's controlled economy will one day.
McDonalds up 8% since good news doesn't seem to get a mention.
Algos never learn.
So, then they'll just start hinting at raising rates, indicating the economy is getting stronger.
This has become perverse beyond imagination.
Economic analysis has been replaced by second guessing the utterances of a central banker.
We all deserve what's coming.
Central Banker actions have driven the market to this level, so what they say is what matters.
More of what got us here = stay invested in the markets.
A "change" in policy = get the fuck out of the markets as the pump is about to be turned off.
Central Bankers CANNOT annouce a change of direction without bringing on a quick deflation of what they've spent 7 years inflating.
If any one of them announces a "change" is coming, the market will hold it's breath...if they actually reverse direction (higher rates) the market sell off big time.
"just start hinting at raising rates".....uh, been daer, done dat
Moar gold getting dumped in paper format.
Have only a hammer, just keep using it until something breaks.
Pavlovs market....
Can someone please explain why the hell the S&P500 jumps when Draghi hints at more QE in Europe ??????????????????????
QE is what drives the market...More QE = Higher markets.
Think of it like a never ending series of drag races.
Red light = Hold your position
Yellow = Get ready to run
Green (more QE) = go like fucken hell right now before the guy besides you beats you to the prize.
Repeat.
Free money has to go somewhere.....
Pure hilarity!
MOAR BONUSES!!!!
Sorry. You only get those with MOAR layoffs. That is the fundamentals of todays market.
US just post poned 2 yr Tbill auction due to debt ceiling.
Damn it! I'm out of bathroom tissue and was planning on restocking.
Any day now.
ZH-ers above a certain age will reluctantly recall the 1976 hit by the Andrea True Connection: "Moar, Moar, Moar"
Oooh, how do you like those doves?
Moar, Moar, Moar -- How do you like it?
So like a kid with a new cap gun, he gleefully shoots it off willy nilly and markets respond accordingly which in turn promotes more cap gun shooting...what will be THE event to finally pull the curtain aside? Seems even an Ackman size bankruptcy causes only a blip in the matrix while the world waits for and then receives the bailout "all clear" to BTFD each time...what is THE event? Chicago schools closing, Tokyo earthquake, nuclear war???
Every time Dragai speaks gold rises then mysteriously falls back a little... this is good news, it gives us time to acquire more Bullion because we all know where gold is going when helicopter money arrives.
www.teamramgold.com/about-us use your knowledge to help those less enlightened
A million shorts suddenly cried out in pain
A million shorts suddenly cried out in pain
Do you really expect the Central Banksters to stop the QE charade?
They are fighting for their very existance. If the markets go down, the finger pointing will begin.
The EU and Japanese central banks will do the QE lifting for now and when the buzz begins to fade the FED will step in with QE4.
Free markets are dead thanks to the Central Banksters.
Draghi: we talked about jerking off during the meaning.
Market: rally like there is no tomorrow.
Although shorts continue to have their faces ripped off by QE announcements, it appears the bankers have reached a level of desperation, and the QE effect will be very short lived. This is now just nuts. It doesn't work, except to push the markets higher, and less and less each time. It is no longer investing, just a giant casino with bets placed on the next banker intervention. This cannot go on, no way.
Earnings are falling off a cliff, revs are down, everything is slowing. More loose money just means more reckless buybacks and a huge fall sooner, rather than later. Bears who can wait this out, will be rewarded with big market declines.
The entire world is awash in debt and the USA is really bankrupt. The pain is just starting folks.
Just replaced the S&P stock short I took off after hours, yesterday. Plan the trade and trade the plan...
I don't know who needs to be slapped upside the head more, Draghi or the dumbass siicon traders!
More QE, more share repo, more m&a, more QE, more share repo, more m&a.
=slower economy as economy is starved of income, less money for capital investment and more jobs get eliminated in mergers.
These guys are destroying the economy and it never ends.
FUNDERMENTALS!!!
OF COURSE STAWKS SOAR ON THE SAME BULLSHIT THAT IS SPEWED ON A MONTHLY BASIS FROM THIS FUCKHEAD, BECAUSE STAWKS HAVE NOT PRICED ANYTHING IN EXCEPT FOR BAD NEWS OF COURSE, THAT IS ALL PRICED INTO THE S&PEEEEEEE
I THINK WE SHOULD JUST HAVE YELLEN ABE AND DRAGHI SPEAKING EVERY DAY SO THE ''MARKET'' CAN KEEP ON SOARING
JUST DIE ALREADY YOU BASTARDS
Sell the BULLSHIT. EU's QE (1.3 TRILLION) is almost done propping this thing up.