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Pre-Fed Pandemonium - "Confident" Traders Buy Stocks, Dollars, Crude; Dump Bonds & Protection
Artist's impression of The Fed statement and press conference tomorrow...
Stocks, Crude, and USDJPY were loving it...
Cash stock indices gapped open then went nowhere...
Equities ran on the back of the algos to the stops at Thursday's pre-3rd Avenue collapse... then faded...
Breadth was not buying it...
FANGs ended the day very weak...
Smith & Wesson was whacked... Revenge?
Equity protection was puked like a bad Chipotle Burrito... (who needs hedges?) Notice the lack of beta in stocks even as VXX was slammed lower in the last hour...
IG credit continues to underperform this week...
The US high-yield market was on a firmer footing Tuesday with buying from both Exchange Traded Funds and institutional buyers - but market participants said it was far too early to say with any confidence that the recent rout in the asset class was over. The HY CDX 25 was 1.25bp higher at 100.6bp, according to Tradeweb, and cash bonds up to three points higher, a day after the Bank of America Merrill Lynch high-yield index breached 9% yields for the first time in four years. To be sure, the market is still wincing from the slap given by the Third Avenue junk fund redemption freeze and liquidation announced last week.
Treasuries continued to get dumped...note again that the selling was dominated by the European session (smells of China dumping through Belgium?)
The USDollar was heavily bid from the early morning...
Commodities were mixed once again. Depsite a surging USDollar, PMs flatlined, copper crashed and crude soared...
Crude algos ran the stops again...
Nattie collapsed to near record lows...
Charts: Bloomberg
Bonus Chart: A Gentle Reminder of The Last Pre-FOMC Statement Ramp...
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Death throes. One last gasp for the "bulls" before they get permanently neutered by Janet tomorrow.
One way or another, nothing the Fed does will matter. No credibility, no relevance.
The Central Bankers will see their shadows, realize they are wearing no clothing, then come out and say "We Jackson Hole'd some folks".
The Fed statement "Well, you have all those QE bandaids on that gunshot wound. We're gonna rip em off and operate! We can do the operation with a rusty soup spoon or or this spatchula. We will use Charlie Sheen's bloody gauze pads to pack the wound. So what'll it be?"
Looks like gold and yen (the old safe havens) are done and the new one is in full effect - look at bitcoin today!
LOL
This Is What A Financial Crisis Looks Like
Michael Snyder ~
http://theeconomiccollapseblog.com/archives/this-is-what-a-financial-cri...
picture of yanked punch bowl.
Behold Citadel and their manna from heaven.
Was in one of my local cocktail bars called Bad Decisions and noticed they had just installed a bitcoin atm. Bitcoin, to me, is just another scam to move people away from cash and even further from gold and silver. Complete traceabilty disguised as cryptocurrency.
yea can you beleive it? The fulsome demise of traditional plays - there's only 4 tonnes of gold left in the comex as has been the case for 2 weeks now), and even approaching the first hike in 7 years not one ounce was removed
not one.
I think he was talking about the paper price. It's definitely true that Bitcoin is soaring in the paper price.
i think u got the charts upside downs
"ES 2080 close tomorrow. ES 2090 steady on Thursday. Then on Friday SHTF. (From: Lloyd and Jamie's team)."
People are gonna be buying with both hands after the Fed announcement. If you're waiting for disaster, you'll have to wait til after holiday bonuses.
The one thing that could turn the Santa Claus rally into a rout: too many people believing there will be a Santa Claus rally.
"Central Bankers will see their shadows, realize they are wearing no clothing,"
Loving the mixed... I don't even know what. So you're saying they are all Ground Hog Emporers.
yay for the barfing clown!!!
wow..i got caught by surprise of the market close
too busy reading all the war chatter on other pages,and at the same time knowing how the markets would end today without looking at it in real time
that mistake won't happen again tomorrow..say...at around 2ish
now back to war update readings...cya.
Tomorrow, the panel will be eight clowns puking. Maybe even a ninth.
One must now wonder if the 'no hike' leak has seeped out of the Fed.
Squids.
So if the MW headline is this... When the Fed hikes rates, stocks do surprisingly well
And then if they don't raise rates the market is going to plunge right????
Stocks will fucking go up no matter what the fed does because behind the scenes they are buying stocks to prop this limp mother fucker up...
absolutely. this is no first step on a return to normal, this is a new chicane. We just dont know what avenue of market manipulation and capital throttling theyll try next
I'll be hanging on to my short positions now and adding more.
Good luck. Dollar long right now.
VIX just doing a little backing and filling before ripping to ZH's 40 and s&p's 1800 prediction. Buckle your seatbelts boys.
Cant WAIT!
locked and loaded for the Silver and Gold purchase...
just cant decide to pull tirgger this evening or 1st thing tomorrow morning on the London open...
decision, decisions....
DEATH TO THE MONEYCHANGERS.
bought gold three weeks ago and silver this morning...
you expecting delivery, or just playing paper games?
gotta figure right now at these low valuations, that any time you can get quick delivery of silver phyzz along w/ still very low premiums, then it's a good time to cut loose some dry powder and add to the stack.
There isn't much more downside at this point. Sure, they may drive silver down to 10 bucks like in 2009, but remember when that happened the premiums shot to 100% of spot and good luck finding anything decent or in much quantity.
Same thing is set to happen again. So pay 15 to 17 bucks per ounce now (depending on private generic or U.S. Mint, etc.) and get it in your hands right away. Save some dry powder and wait for them to slam it again and see how it goes too though. We still might be able to get it with low premiums for a little while longer.
What's left of the main silver producers have been able to lower their costs in excruciating ways in order for them to be able to continue to produce silver at or below these insane valuations. So there's still supply in the chain and premiums haven't had to rise dramatically.....yet!
I think it's still worth playing the game a while longer and waiting to see if either tomorrow's news or some other bullshit manipulation event comes up in the next few weeks that will be used to push silver even lower to 13 even. I'd definitely back up the truck (yes, once again), and get however much I could.
Either way, as always, keep stacking regularly and dollar-cost-average your puchases. In the long run you'll do great. It wasn't really all that long ago when 20oz's was going for 800 bucks! That will happen again one day very soon and most likely it will go much farther beyond the record highs...it will probably double and then nearly triple the previous all-time high.
So hey...anything we're getting down here under 20 bucks an ounce is a fucking give-away and gravy on the taters as far as I'm concerned!
We should always be taking that deal anytime these criminal scumbags are giving us a chance to do so.
Fed likes to do things that people don't expect. Most are expecting a rate hike tomorrow. Therefore, I don't expect one. Also, as Rainman said above, it seems as if something has been leaked to the privileged few.
QE $1.2 tr on the way.
Rate hike and QE at the same time. Mix it up a bit
When Jack Yellen jumps up on the desk tomorrow afternoon and starts twerking to the beat of no rate hike!
Everything will be awesome!
Jack already sent out the memo to her bosses at Bansksters Inc.
Some of us have vivid imaginations and don't appreciate that word picture, although I'm still laughing.
Thanks!
Don't do it again, man.
(O/T but the SEC is investigating S&W in the midst of these daily financial crimes perpetrated by their cohorts?)
Their chutzpah is dazzling.
MW Headline: When the Fed hikes rates, stocks do surprisingly well
WTF? I thought raising rates was bad for stocks? You can't make this shit up...
since they do operate the digital flow of fiat, they are relavant no matter wtf they do...
fuckers...
The only thing different this time is, we at the Fraudurel Reserve plan to accompany our tiny rate hike by a trillion $ of new buying of SP500 futures.
This way, we send the same message we sent when the U.S. Debt was downgraded and we ran-up the bond market, that the market loves rate increases and credit downgrades!
and that there is nothing we can't do as long as we control the printing of the U.S. fiat dollar. and I mean, nothing.
The more perverse the conditions we make, the more extreme measures we have to take to prop-up the overleveraged mess we have created. According to our models, we can keep this Hindenburg market alive at least another year, by then I will be retired and giving speeches like my Benjy Shalom. hahaha!!!
I've been saying this a long time now. The Fed aint doing shit until the world needs heroes.
SP at 2100 Before
SP at 1800
I'm the Bear so I hope everyone downvotes me
Well oil is signaling no rate hike and perhaps a hint of MOAR QE SOON!!!!
I have some gold. I have some silver. Fuck paper.
I bought AR parts and bullets today instead.
The whole thing is rigged to high heaven. TANGIBLES are the only thing that will really count after Shitlary gets elected in 328 days.
You meant selected given she should be in prison with her husband and they should be put into confinement with each other for life.
I am spending my funny money on an upgrade to my solar power backup system. More silver was tempting, but backup power will do more to keep me comfortable.
I did the same thing.
Upgraded to over 250W and a 3000W inverter.
We should all rack up the credit cards on Metal "trinkets: (wink wink) and quit paying....just a sinful thought only.
Looks more like they are rolling over their shorts and by dumping them, they caused a spike and if tommorow starts to look bad, you'll see a 200 billion spike in selling calls which will push the market down an extra 2% as to where it sits.
Most likely, it will happen arround 11 o'clock.
You forgot the 670 billion in shorts with OPEX coming up on Friday; that market stays at or above 205 on the (SPY) through Friday. It is the following Monday that I believe will be the more interesting day. Just my take on things. Whatever benefits the most favored on Wallstreet has already been programmed.
My general indication is the state of local Pawn Shoppes. $385 for a dinged-up PS4, walls full of electric tools, all the good carbines behind the counter and the furnace disabled, with a barrel stove burning what looked to be an old victrola.
Mesa Pawn, Grand Junction, CO, December 15, 2015
Being on the White House staff...well..we have to prepare for everything..so just in case things do not go well when Janet speaks...well here is the secret announcement from the President... distancing himself from Janet...
Yesterday, December 16, 2015 - a date which will live in infamy - the United States of America was suddenly and deliberately hit with an interest rare hike by the Federal Reserve System.
The United States was at peace with that institution, and, at the solicitation of the Fed, was still in conversation with Janet and looking toward the maintenance of the economy.
The interest hike has caused severe damage to American free enterprise. I regret to tell you that very many American jobs will be lost. In addition, many American CEO's have reported to me that they felt like being torpedoed without sufficient warning.
The facts of yesterday and today speak for themselves. The people of the United States have already formed their opinions and well understand the implications to the very life and safety of our nation.
As Commander-in-Chief of the American economy I have directed that all measures be taken for our defense, that always will our whole nation remember the character of the onslaught against us.
No matter how long it may take us to overcome this premeditated interest rate hike, the American people, in their righteous might, will win through to absolute victory.
I believe that I interpret the will of the Congress and of the people when I assert that we will not only defend ourselves to the uttermost but will make it very certain that this form of treachery shall never again endanger us.
There is no blinking at the fact that our people, our territory and our interests are in grave danger.
With confidence in our Congress, our banks, and Wall Street, and with the unbounding determination of our people, we will gain the inevitable triumph. So help us God.
"Janet YeRRen machine-gunned me, cut my dick off, and stuck it in my mouth. Awesome!"
No hike until the FRN or dollar disappears and is replaced by something else, at least internationally.
Stock market up triple digits today.
Gold up $15.
Oil up slightly.
In early January, S&P down 200 points.
Fed prints electronic digits to buy S&P futures and sell gold futures.
World dumps dollars and buys gold.
S&P up, gold up.
Then a real war.
Young Americans are killed by their government, again.
Nothing changes.
The new normal.