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A "Hawkish" Fed Is Bad For Stocks After All
That didn't last long. You can fool all of the algos, and some some of the people some of the time.
And Crude has also given it all back (along with bonds going red)
Charts: Bloomberg
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The market is basically money, desperate for yield, in a rudderless boat, looking for somewhere to land.
... at night, in the middle of a storm.
.....when the seas are stormy and you can't find a port
You gotta come on up to the house.
... at night, in the middle of a storm. WITH NO MOON SHINE
And a widow will soon be on the watch...
tossed about on a stormy sea
... lured by the Siren's song of moar, moar, moar...
don't forget the leaks or failing bilge pumps
and the "boat" is an inflatable raft, pumped up one-too-many-times to the point of popping...
......with a Ghost in the Light House.
. . . when it's dark, you're alone, and no one is there to hear you scream . . . in the dark, alone . . .
They are never right. Their fake powers are starting to wear off, oh no. Back to reality soon.
So the market doesn't work on happy feelings of a brighter tomorrow but instead is quickly drawn back into it's liquidity-addicted behavior pattern? You don't say.
William Dudley of the NY Fed isn't at his office yet. He'll make it green before the end of the day.
Like trying to resuscitate, a fully explored, dissected, and spent cadaver, from anatomy class at med school...
Even yellen is looking a little suidcidal these days.
you do know that there are people behind the algos, right? or is this some disguised MSM effort.
the algoz know the only way to get MOAR BITCHEZ is to stage a fake crash
Fedwatching:
rule number one (this simple rule has held true for decades)
whichever way the market reacts, initially, to any action by the Fed, is always wrong. The market can be depended upon to change direction and end up going very strongly in the opposite direction.....
Gold setting up for test/break of $1150 as expected this morning. I'm ready and waiting on the buyside...
Seems like you'd want to wait for $1130 or $1120, hm?
Still have people talking under $1000.00. That might actually happen, as deflation would drag the price down, as they always try to treat PM's as ordinary commodities, which they are not. That would present the best buying opportunity. However, it depends on what's going on. Gold prices don't move "normally". If your buy timing is off, the miss could be catastrophic, because if the price rise is due to "SHTF", the limited quantities and the fact that nobody will sell will virtually shut the door on availabllity. You'll just watch the price rise, and you won't be in on it, and can't get in on it.
Thanks, well articulated. I'm definitely worried a December Fed failure to raise rates will send gold rocketing.
Agreed, sub-$1000 is an aggressive buy target. I was thinking more like $1130, $1120, or $1100. And then there is the seperate question of where is a buy target and where is a back-the-truck-up target.
Noise
So what's the narrative going to be for the next imminent slide? China? Strong Dollar? Dogs and Cats living together?
Caitlyn Jenner adopts Lamar Odom.
Or would that be bullish?
The stock and futures market are so illiquid that the Fed has become the market itself.
Its been a great week to be long $VRX
I hope a few of you saw through the ZeroHedge FUD and bought while it was low.
Just sold my low 200's bitcoin. Meh. Double top.