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Santelli Thanks Plunge Protection Team As Bond Bloodbath Sparks Buying Frenzy In Stocks & Commodities
No volume, no problem...Buy stocks with both hands and feet...
Leaving Rick Santelli almost speechless: "I don't know how they do it? Plunge Protection Team? Abenomics? Japanese buying futures? No matter what The Dow will not be allowed to end the year in the red..."
Stocks melted up to their post-FOMC highs... Small Caps and Nasdaq leading...
Dow futures straight line 300 point magic levitation...
S&P back into the green for 2015, Dow remains down 0.6% YTD.
And confirming that there is no policy error at all... stocks are green and bonds are red post-FOMC...
Lifting Nasdaq, S&P, and Dow just into the green for December...
Led by a double-short- squeeze...
AAPL ripped higher despite ugly news from its suppliers...
Treasuries were a total bloodbath...
Today saw 2s10s break down to 8 year flats and then 2s30s explode higher intraday...
And the crucial 5Y yield surged back to 1.80 - the line in the sand for the last 7 years...
And while HY bonds rallied, IG bonds were dumped...
FX markets were very active today...once again USD buying into the EU close and being dumped after...
As the disconnect between JPY carry and stocks continues to grow unsustainably...
Commodities were very mixed with 'growthy' copper and crude ripping as PMs were flat...
WTI crude jumped back to $38 ahead of this evening's API data...
And then there is rice... which surged over 7% in the last few days - the biggest move since April 2008...
Charts: Bloomberg
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The Fed members are progressives. So is Dear Leader. They will not take it down until after he has left office.
Not sure they can control it next year.
And for anyone who still thinks the Plunge Protection Team is a myth made up by gold bugs.
Official Government Document -
http://www.archives.gov/federal-register/codification/executive-order/12...
That AAPL chart is a fuckin' riot!
i never like to say I told you so (see yesterday comments)..........VIX barely budged......any bets on VIX sub-12 before EOY?
... and it's an executive order. Even more funny.
It's days like today that make me think, "Dammit all, I should just go on Xanax." I should have taken the blue pill.
Wish I could barf up the red pill.
They can't control it. In fact I bet anything that what they are going to do is allow it to go like it did with bush during the election time. This way the republicans will be able to use even the democrats to blame Obama and get a republican into office. I don't believe for a minute that Hillary will be voted for president, no way. The problem with the govt. that is under Obama's "control" is the fact that the closer it gets for him to get out the more they know that he ain't shit and don't have enough time to do shit. In fact many times they just drag their feet to just wait the main guy out until he leaves. This is going to happen just like 2007-2008.
Santelli is a sane voice in a liar's game.
They don't wait to let it crash untill he leaves. They always let it go 6 months before potus gets kicked because they want to charm the new president.
Seems like they would protect against a plunge in bond prices. I guess those guys were off the desk today.
Yes and remember the State of the Union is looming and we know it is all about politics, isn't it? So oil down, US enemies punished. Stock Market up awesome aren't I? Unemployment down..... Yeeah and all kinds of neat stats like people getting "affordable" healthcare are gowing, the free programs are booming. Nice. It is all politics and optics and pick and choose your data.
Same S**t, different toilet.
Rick knows they roll.
There's actually a song about that (& how the PPT operates)
https://www.youtube.com/watch?v=dQw4w9WgXcQ
That crashing noise you may hear is the real estate market should the 10 year yield reach 2.5%.
Hey give Griffith credit for not questioning Santelli.
Wait until the Q4 bonuses have cleared the bank.
You got a bonus?
Yes, knew a few making a few $100Ks. Good year for them.
Thanks Yellen , Dudley and the rest of the PPT.
When you run out of all options except one....it makes decision making a whole lot simpler.
Who doesn't love dancing with TINA? in addition to simplicity, there's also nothing to be held accountable for...
because...
as we all know...
they had to do SOMETHING!
2016 will be a banner year for the PPT! Plenty of new hires I'm sure.
If anyone thinks "they will let" the DOW or w. street hit the skids your kidding yourself.
This shit show has a long way to go. We have not seen full retard yet, not even close!
Thanks Rick
Good to hear him in this isolated clip. I can't watch CNBC anymore because my esophagus is De-laminating from vomiting too often
Not just the booze then ?
Scotch Schmotch!
https://www.youtube.com/watch?v=Alx-sTZBIiA
LOL
Might I recommend a good antacid? Or perhaps a nice hallucinogenic?
I chase my Southern Comfort with Skittles and Pepto Bismol. On the rare occasions I still puke, it puts that rainbow-puking clown to shame.
this is why i don't play the markets...
my Prep stuff bought all the way back in Aug still sits unused,and the exp date's are still chugging along
so,yeah...don't be asking me for stock tips,but i'll sell ya some Spam...half priced.
Yeah this is why you don't "play" the markets...rofl!
Not that you have absolutely no talent for trading or investing...not because you are a small time piker...but because of the PPT?!
Please spare us the bullshit and stick to stacking cans of spam in your little post apocalypse shelter.
Would you please show us on the doll where the mean prepper touched you?
Smart enough to know his limits. Something most of us havent quite mastered.
You may be interested to know that canned goods have no actual experiation date. The contents of the can are sterile. There are no bacteria inside; they are killed by the canning process. With no bacteria to multiply, the food can never spoil. The only way for a canned good to spoil is if the seal becomes compromised, usually by denting or particuarly acidic foods eating pinhols in the can. They've found 50 year old cans that were still safe to eat.
Hormel and del monte have released statements coroborating what I've said.
With all that said, food in a can will undergo changes in taste, texture and nutrition as they age. For this reason, canning companies put 'best by' dates on their products. If the best buy date is say 3 years out from the date of manufacture, that means the company is willing to state that the contents will not change within that time frame. It has nothing to do with safety, as I said above.
You still need to rotate your canned goods but don't get too hung up on 'expiration' dates.
The only problem is....who in their right mind would live on canned food?
Its cooked and salted floating in fluoride water and aluminum ions from the can.
Just asking for alsheimers.
If what the preppers are prepping for happens, then canned food of any kind will be popular.
Rick Santelli, a mafioso for the chicago school of the kosher nostra, is a bright shining star for the deep state.
Listen to what he has to say.
Gibberish and meaningless twaddle. An american tradition.
I wonder if he's still on the 2% bandwagon with all the other Freidmanites?
Sort of like Dustin Hoffman playing the 'Italian' Enrico Salvatore "Ratso" Rizzo
"Markets.."
hilarious...........
Magic hand comes out to hit the buy button.
It's all rigged folks.
They CANNOT allow this market go too much below 10%.
So buy big if it drops 10% again. Might as well make some money.
You know where the PPT put the "BUY POINT"
I down voted you... What you said is how people get burned. The whole point of this charade is to consolidate power through boom and bust cycles, but the fed cannot be seen as the one who started the bust cycle. So they have to make sure there is considerable amount of time between the crash and the lifting of the rates so that the fed is not blamed. They will pump and goose the market, so institutions can sell to the retail investors and get out. As they did during the last crash. Once that happens they will mark to market.
I don't think it is just the Fed alone. It is whoever is in the entire power structure or apparatus. While I think we have a One Party System with two extreme wings (as Pat Buchanan says), there's nothing Obama and the new Communist Democrat Party, would love more than to use the Fed to push the day of reckoning out to when a Republican President takes office next January. They would then march out the media in full force to blame the new Republican President even if he hasn't been in office that long---and a lot of the "professional voters" would believe that too.
If a Republican contender even looks like he's closing in on Her Highness the Fed will tank the market and out come the promises of government support. Its never ending.
What retail investor? Some mom and pop small business owner? Hell they're eating that expired canned food by now.
the monopolistic and fascist central banking,
'money', system and its political facades are crumbling.
people will see right through it in 2016.
More Than Eva Braun
https://www.youtube.com/watch?v=NfX5yHjKAU4
.
time to come out of the bunker,
no moar war.
The FED has been artificially holding up the market and will continue to attempt this until they can't or a conservative is elected - then they will pull the plug and blame them.
Always wear protection before you plunge!
The fix is in. Wealth Effect ecnomics is the new American engine of growth. Can't produce or grow wealth by ecnomic activity? No problem, print money, juice assets and make asset holders rich.
Stocks are the new "Iron Rice Bowl". A former Chinese communist term for a full rice bowl for communists, whether or not they produce anything or not.
Now America guarantees wealth to stock holders, no matter what they do.
It's the Outer limits folks....
"For the next 6.5 hours sit quietly and we will control all that you see and hear. ... "
- The Fed and PPT
hours?
The original was "next hour".
LOL, maybe it should be months.
I've seen it many times. Low volume market is pushed higher by PPT. They have to push the market to have something to brag about.
Plus, there will be more taxes gained, and it will take more time for the market to get down to where it belongs.
Who wants to buy overpriced stocks, or ETFs?
good time to buy, before the new money comes in Jan 4
/sarc
Trump/Santelli 2016!
ur telling me that stawks going finishing up nealry 25 s&p pts and 200 dow pts and 70 plus nasdaq pts on absolutely nothing is the ppt buying? na , cant be, they would never do such a thing, bc it is not ethical ( sarcasm)
also, amazing how everything is bullish for amzn these days, i cant think of anything bearish for that company.
" i cant think of anything bearish"
Get in the grove and buy,buy,buy.
Let's see, Amazon (AMZN):
1. They've never really made a profit.
2. They are fueled by leverage growth.
3. Insider knowledge: I know good/qualified developers hate it at AMZN (so they make do with really terrible Chinese/Indian coders)
4. They are the 'super candle' and NOT the "light bulb" to WALMART - I woudn't be surprised if AMZN buys WALMART before this shit show collapses.
5. AMAZON, like WALMART, depends upon docile ASIAN slave labor - it is racist, ridiculous, and inhuman to expect ANYONE to make a phone for you working as a slave, surrounded by suicide nets, indefinitely. Eventually, everyone has a breaking point. What? Amazons going to IN-SOURCE all of their suppliers (that would be funny)
6. 3D Printing / drones will not save them - much more likely to disrupt their model and hasten AMAZON's downfall.
But please - buy this tulip ...
(FANG stocks are the only game in town - until the collapse)
I was driving by one of their warehouses today and pondering that this piece of shit company must be nearly 20 years old now? Sometimes a turd can float a long time before someone flushes it. Shop local stores, help your neighbors
Put writing on the SPY, a PPT special.
Oh my
Anyone see my red shoes?
Toto?
Toto?
The PPT needs that green guy on that BTFD youtube video as their mascot/seal.
Maybe replace the Federal Reserve's seal as well. Use Obama's hope and change and put
Like I've said before how fucked up is it that any central bank can counterfeit money to buy anything. Most everyone else has to work and save to purchase anything.
Hey Janet allow the little people to create fiat, saddle others with debt to purchase equities, housing and government bonds and you won't have to worry about inflation, it will happen.
My favorite is the BOJ using toilet paper (¥) to buy US equities, which proves once again the people that own everything own all the CB's too.
And if a private party went in and manipulated just one stock like the PPT or the Exchange Stabilization Fund manipulates entire indexes with taxpayer money every day, that person would go to prison for 100 years.
Pumping phony buying into a stock to falsely inflate or lower its price is a violation of Section 9 of the Securities Exchange Act of 1934 titled "Manipulation of security prices." It is criminal.
https://www.law.cornell.edu/uscode/text/15/78i
Interesting how individuals cloaked with the authority of government can break the law with impunity (and with our money) but if a individual does it, you'd be better off dead your life would be so miserable.
These people are using OUR money to stay in power. That is what it is all about and nothing more. Keep everyone feeling good about that continuous smiley face on the yellow circle.............
Amen. Gangsters are choir boys next to these untouchable good fellas.
Freaking criminals. All of them. Complicity is no excuse. Fed, Congress, SEC, attorney general's, FINRA, media. All criminals in their own way
Money is gold, silver or other real assets. These people are using their counterfeit fiat, which you are forced to use by their laws, to stay in power. Keep the perspective!
Yeah not only can they print + buy anything, but property prices here in London are so over-inflated it takes a whole lifetime of slaving for fiat just to get on the ladder, if one is so inclined to go down this road. The wealth gap never looked so obvious...
@nakki - i've heard a few chirps from talking heads about doing here what they did in Australia. Direct payments of $900 per person up to a certain income level to 'stimulate' the economy. Wonder if TPTB are starting to lay the groundwork for US gov't intervention on that level?
On the flip side - how many of those who get the $900 are going to buy an wristwatch to monitor their heart beat while chugging a can of Pabst?
Bullish for gun makers
spaz, you dont say much..speaking of VIX, look at the term structure spread 1.50 with IV down. something going hit the shit house..
Believe in the Dream not in reality ... is the market's adivce to the energy Bears.
http://www.marketwatch.com/story/inflation-suggests-the-oil-bears-are-dr...
#winning
If you told me the Federal Reserve's authority will be removed 30 years from now (much like the first and second half"bank of the united states" charter wasn't renewed in the 19th century) by Congress - I'd be quite happy and hopeful for the future. Problem is that it may game that long and not much will be left by then.
If this was a movie, perhaps a good guy would rise above all and be triumphant in ending the Fed. But there are no good guys in this system - just evil villains nostly disguised as good fellas.
An easier solution would be to fragment the NY Fed's stranglehold over the FEDs balance sheet (>95%) and world leverage/risk assets by empowering all other regional Fed offices with higher asset bases (say 8% each). NY Fed would be required to transfer those assets to each regional Fed. In a decentralized system it would be much more difficult to manipulate prices and coordinate such schemes with other central banks and wall street.
It won't happen, but is more likely than succeeding in closing the FED.
"Treasuries were a total bloodbath"
NOT if like me you SOLD all your treasuries on the ramp up to the rate hike, so that the price action today was a GOOD BUYING OPPORTUNITY.
Santelli must have pissed off his handlers... I can't watch the video. I'm sure the rant was epic~ rock on Rick! :-D
The stawk market is like a submarine hovering just above 'crush depth'. The ballast is almost gone. And the idiots captaining this particular ship are shitefaced drunk, daring each other to go lower. You know what will happen, sooner or later. And the PPT won't be able to stop the next big dive.
Suppose you stumbled into the hospital with chest pain, shortness of breath, sweating profusely and all the ER doc did was wipe your brow and put a little rouge on your cheeks. Giving you the appearance of a healthy person obviously doesn't make you healthy.
This is essentially what the Fed is doing when they slam treasury futures and force interest rates higher.
The Fed's PPT does not buy stocks directly. They are right now doing stealth QE. Their balance sheet went up by $20 billion dollars in November. They are buying mortgage backed securities from their primary dealers like Goldman Sachs, Citi, Bank of America, etc.
The primary dealer banks then loan the money to corporations at a very low interest rate to buy stocks with. They also use that Fed money to directly buy stocks to help prop up the market and keep investors from losing confidence given bad economic data.
The PPT is very real and operates from the NY Fed. It's a top secret operation.
Their goal is simple, prop up asset and equity prices to protect the .1% from the depression on main street.
Looks like Santelli got in trouble. His video saying Plunge Protection Team got taken down.
Sec. 2. Purposes and Functions. (a) Recognizing the goals of enhancing the integrity, efficiency, orderliness, and competitiveness of our Nation's financial markets and maintaining investor confidence, the Working Group shall identify and consider:
They really should consider removing "integrity" and changing "maintaining investor confidence" to "maintaining a rising market at all costs, regardless of all other consderations"