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Peak Intervention? China Rate-Cut Stock Gains Erased In Under 4 Hours
Did the age of central bank omnipotence just come to an end?
After 3 USDJPY driven rescues, the China Cut gains are gone for the S&P 500...
Of course, from the close yesterday, markets are still holding gains...
Even as VXX surges back into the green
Maybe stock traders glanced at the un-exuberance in credit markets...
Charts: Bloomberg
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Fuck that
if you can't Feel how OUT OF CONTROL Fucking GREAT!
things are right now..
Maybe you should quit your job at Walmart?
And what? Take up armed robbery? People will eat...Well, at least try to eat and try very, very hard.
take up cryptocurrency trading. http://zhc0.com
Haven't you been around long enough to notice that trolls incessantly flogging their websites are just going to junked? Give it a rest.
15horses1donkey.
IF ZERO HEDGE HAD A FUCKING CURRENCY OF IT'S OWN, IT WOULD BE MINTED IN INCORRUPTABLE NON HYPOTHECATED NON DERIVATIVE NON MARGIN ABLE SILVER OR GOLD.
Jesus, fucking kids these days. You all think technology is a miracle. All it is is electrons that can be made to go poof any fucking minute now.
Crypto currency is just a fancy name for digital fractional reserve banking - without the reserve, or the bank.
If I blew up your phone right now, you would look like a cow at the slaughterhouse just at the moment the bolt gun goes off - " How could you do this to me ? What'll I do now ? "
Improvise. Adapt. Overcome. Triumph over adversity.
And, transform your idea into minting a fucking physical coin out of noble metals, with Tyler's permission, before he copyright lawyers your ass into bankruptcy.
Hypothecate that, motherfucker.
The next Carrington event is going to really fuck with people.
Armed robbery is the exclusive domain of the government.......
Armed robbery is a service exclusively available from the government.......
Operators are standing by. Se habla español. No credit history required. Cash, credit card, check, corporate campaign contribution, quid-pro-quo accepted. Must come up with own feel-good cover story. Act now and mention code [insert-candidate-here] FOR 2016 and get a rubber chicken dinner included at no extra charge
Someone needs to be flogging 15horses1donkey with a rubber chicken. Repeatedly.
I bear no resemblance to that remark.
One big pump after another.
Have to finish the week well.
Any bad news is ignored.
Peak intervention? No. USDJPY just ran into its 200-day moving average.
At the end of the day, the yen carry trade is the single most powerful driver of stocks from day to day, moment to moment. It has been for years. I see it every single day, and can't figure out why no one's talking about it -- even the Tylers.
China/QE/QQE/PSPP are all relavant. But, it's the signals sent by the easily manipulatable USDJPY that "markets" are taking their cues from.
Take 10 minutes to look at the charts in this post, and see if you don't agree.
http://pebblewriter.com/what-really-drives-stock-prices/
So are we to deduce that you make shitloads of money from this correlation? A Ferrari, mansion, and expensive courtesans included?
I wish. Fact is, I'm as lousy at trading as I am good at market forecasting. But, that has nothing to do with my message, which is what's really going on in the "markets." We all know it's completely manipulated, this explains how.
Addict going to need another shot of... heroin..
It's obvious: No one lowers rates when the economy is booming, so in the age of central bank planning, signals to markets got inverted: rate cut is bearish, raising rates is bullish.
The Fed is always at the wrong end of the curve, which is why they'll raise rates just in time for the collapse......
And just how far was this equity advance headed without taking WMT, TGT, KSS et al, and the hard-pressed american retail buyer, along for the ride ???
http://stockcharts.com/h-sc/ui?s=XRT&p=D&yr=1&mn=0&dy=0&id=p90185634228
Big gaps tend to be filled . . . except in a bully's teeth
Keltner Channel Surf, this one could use a little more help. Can you polish it up a bit?
THREE DOG NIGHT LYRICS
"Regulate"
Slippin' away, sittin' on a pillow
Waitin' for night to fall
A girl and a dream, sittin' on a pillow
This is the night to go to the celebrity ball
Satin and lace, isn't it a pity
Didn't find time to call
Ready or not, gonna make it to the city
This is the night to go to the celebrity ball
Dress up tonight, why be lonely?
You'll stay at home and you'll be alone
So why be lonely?
Sittin' alone, sittin' on a pillow
Waitin' to climb the walls
Maybe tonight, depending how your dream goes
She'll open her eyes when he goes to the celebrity ball
Regulate, Regulate, dance to the music
Regulate, Regulate, dance to the music
Regulate, Regulate, dance to the music
Well, these things often take 10-30 hours to do, so here's all I could come up with over lunch (changed title to "stimulate' in honor of Draghi/PBOC)
Stimulate
Rippin' away, even stocks like Zillow
Ain’t no rate hikes till next Fall
Draghi and his team, smokin’ cigarillos
This is the night they break short-sellers’ balls
They’re savin’ face, but, isn't it a pity?
I didn't find time to cover my calls
Ready or not, next week it’s the Fed Committee
This is the month they force VIX shorts to bawl
They’re leverin’ up tonight, what baloney !
If you stay short, you'll be alone
What baloney!
But I’m sittin' alone, shortin’ me some Zillow
Watchin' ‘em climb the worried wall
Maybe next week, depending how far the reaming goes
They'll open their eyes and make a new “austerity” call
Stimulate, stimulate, use it or lose it
Stimulate, stimulate, want candles with no wicks
Stimulate, stimulate, France needs a new trick …
For all their cleverness, I strongly suspect that the Chinese will be taken to the cleaners by their self-serving oligarchs, working in tandem with the Globalist Bankers.
Compared to the latter, the Chinese are rank amateurs.
China, the ONLY way to beat these Globalists, is to NOT play their game: Kick out ALL the parasites!
Their only 'products' are paper ware, schemes & scams that tickle your Chinese gambling bone, and sweet-sounding 'Advice' that tastes sweet at first, but does not fill and leaves a bitter aftertaste. These neo-colonialists have replaced the addiction to Opium, with an addiction to financial Hopium.
NILIF*. Especially a fiduciary relationship with Globalists.
* Nothing In Life Is Free
Diminishing returns and whatnot.
Peak intervention maybe. Hopefully. Via credibility gap. Long overdue.
Eventually the "bad money" of intervention gets to a point where the "good money" of actual capital is driven out of the system entirely.