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Bonds & Bullion Bid As Fed "Policy Error" Fears Spark Dollar Drop, Stock Slop
This seemed appropriate...
First things first... this...
This...
This...
And finally, this...
* * *
Ok having got that off our chest... On the day, stocks were mixed, treading water all day around unch... aside from Trannies surge...
Trannies are the best performers post-FOMC (and Small Caps worst)...
Which makes perfect sense...
Was today "the top" of the "Buy-The-Fucking-Paris-Massacre-Dip" rally? Or just another Tuesday-like pause?
Note yesterday's double squeeze was not present today...
Of course all eyes were on these 3 stocks today...
Silicon Valley's fear-o-meter...
And the end of Obamacare...
And finally Valeant... is fixed!!? After Citi upgraded the debt...
Credit markets get it...
The USDollar has dropped back to unchanged on the week having fallen since the FOMC Minutes were unleashed...
The Treasury Complex was very mixed as the long-end dramatically outperformed... (suggesting policy error concerns loom)...
With 30Y Yields breaking back below 3.00%...back to payrolls levels...
Commodities were a mixed bag... with PMs bid but growth-oriented copper and crude lower...
But gold is the best performer post-FOMC Minutes...
Crude prices retumbled back below $40 (for the Dec contract)...
And finally, here is Peabody Energy's 2041 bonds (yes bonds not stocks) which traded near par 2 years ago and changed hands at 5c on the dollar today... but still not in bankruptcy...
h/t @TheCreditBubble
Charts: Bloomberg
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Janet loves day trading.
She loves bonds, or bonding?
http://www.thepornster.net/video/320/brunette-dominatrix-plays-with-her-...
Would you Fuk off with your porn links?
Trying to send someone an article from ZH and this ^ Your Bullshit all over it quickly discredits it in the mind of a sheep.
All the avatars are fine...sheep can see little pics..but your links to PORN WTF man?
I have had 2 people this week i sent ZH articles comment on how it was just a bunch of links to porn. Since youre the only dumbass linking to porn...its you.
RIPS
Yeah, looks like this is what they've stooped to in an attempt to bring it down. Pathetic.
Trolling care of CIA/FBI/NSA. Cant lend outside the box news sites TOO much credibility. Gotta louse it up with porn links.
Anyone putting up a url link, needs their post verifeid / approved first. Also prevent people editing their origional replys to add links. Any pr0n and account gone.
I gonna get me some of those 5 cent bonds...
Im going to become a professor of economics.
I could make my lesson plan the day before and change it however I wanted year from year.
somebody told me to get some Match.com stawk....
and some Square too since its such a buy after the 46% cut to the IPO pricing...
join me and become wealthy beyond ur wildest dreams...
and use ur worthless Gold and Silver to fund your stawk purchases while the paper price continues to ignore the global explosion in demand....
ur welcome....
Personally I'm voting for Corzine as Chairman of Peabody. Fast Money told me to "get long" the debt in January since it "was cheap" and energy "would rally" so I went ahead and did it.
I need a tax loss so Peabody Energy Bonds @ 5c (i love that word "Bonds") might do it with some upside of "hope and change"
Still comodities are screaming and have been for a long time at everyone - Take cover, incoming, yet no one seems to notice, no one seems to care.
Everything is awesome. Save your money and buy buy buy on Black Friday. Gotta push up those retail ETF's!
I was going to buy some stuff at the local mall and they had closed half the stores.
I don't understand how a person can use charts and graphs to make sense of manipulated markets. There is one overriding objective here, to make money for the overlords. And anyone who believes the Fed's minutes or press releases aren't simply propaganda pieces designed to pull the wool over people's eyes needs to have their heads examined. What the Fed actually does and why will not be divulged.
You are spot on how many times over the last year have we heard about the FED normalizing interest rates in some manner. Zero credibility.
This is a better clip than the taking crazy pills for describing the market.
Jim Carrey drills a hole in his head.
https://www.youtube.com/watch?v=DTfwwbsRopM
i bought a bottle of johnny walker blue label and a 2 pound porterhouse so i can truly enjoy black friday from a distance
I went long something today. I simply forgot what...... maybe it was short, I am so confused anymore.
If this is the kind of puppet-master Russell action we see pre-OPEX, imagine how much fun tomorrow will be?
Once again, picking the 2 days each week to trade, and avoiding the other 3, is the key to success. This week for IWM it was Monday and Tuesday, beautiful, sustained moves and reversals, provided you waited for good entries, best we’ve seen in nearly a month, with huge profit potential. Many likely avoided FOMC Wednesday, and associated Fed Follies, and may sit out Friday options expiration, which is a frustrating horizontal slugfest 90% of the time.
That left today, Thursday, for a potential OPEX setup move, but instead “someone,” likely with a lot at stake, engineered laughably obvious manipulation, bouncing to the penny off the Russell 50MA on the hourly chart with each bar, and never wandering far from the 20DMA. The tiny, checkmark dojis in NDX & SPY daily charts are even better examples of pre-expiration control. With next week’s holiday, Mon & Tues are best guesses for potential ‘real’ action, while those of the “market never falls near a holiday” cult, i.e. the algos, will likely buy early and often Wed and Friday …
Mark BTU a zero.
Mark it zero!
Just for the sake of umm. correct info.. I think those are the 2066 bonds. Not like maturity matters too much on a 5c bond. It's not YTM, it's YTD (yield to default).. Coupon payment is due on 12/15/2015.. so you may want to wait until afterwards to feverishly buy this dip (sarcasm, but also super cereal about accrued int). For entertainment purposes, here is the bond http://finra-markets.morningstar.com/BondCenter/BondDetail.jsp?ticker=C3...
Finra isn't showing today's data.. Some muppet actually sold 8k in principal today for about 4c... got a nice haircut from mr friendly broker man (adjusted price was 3.812).