Stock Buying-Panic Ensues As Fed's Bullard Says "Oil Has To Bottom Sometime"
Thanks to the following deep thought:
- BULLARD: HAVE TO HIT A BOTTOM ON OIL PRICES 'SOMETIME'
- BULLARD: WATER IS WET, SKY IS BLUE (just kidding)
... Oil prices are surging and that means buying panics unleashed in stocks...
This oil move has ripped The Dow 300 points higher:
Even as the Fed is folding, and exposing a lack of credibility and crushing the growth hope meme:
- BULLARD: QUITE BIT OF CORRELATION IN OTHER COMMOD, OIL PRICES
- BULLARD: MKTS TAKEN BY SURPRISE BY SPEED OF OIL PRICE DECLINES
- BULLARD: WOULDN'T EXPECT A LOT OF APPRECIATION IN US$ THIS YR
- BULLARD: ECB'S QE CAUSED LARGE MOVEMENTS IN '14 EXCH RATES
- BULLARD: US$ 'VERY SENSITIVE' TO MON POLICY IN OTHER ECONOMIES
And stocks love it because it means that credibility aside, more easing may be coming.
Here's the real reason we ramped... (and why it's likely to stall)
(9 votes)
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OLOLOL
BULLTARD!!
He's helping his friends sell.
Absolutley - Danger Cliff Ahead
Outsider trading is so barbaric and muppet-like.
Sell the rallies.
Seems I heard that somewhere.
STFR?
While oil may bottom the mountain of bullshit has no top.
My God, what will happen when he says “The sun will come up tomorrow, bet your bottom dollar that tomorrow, there’ll be sun”?
I only have a couple of bottom dollars left.
The real reason it ramped.
duh, Gartman is short.
How do you get a job making 7 figures saying these kind of stupidities.... here is another prediction: "somewhere in the future Oil will top sometime"... can a get a million bonus?
That was only a conspiracy theorist. Real Americans just BTFD.
It's the Curse >>> http://wp.me/p4OZ4v-3z
Sad, sad Lemmings, these people will never learn. The FED is the last person you should be taking advice from.
http://jimrickards.blogspot.ca/2016/01/jim-rickards-fed-raised-rates-too...
This is to be expected. A rally will occur before the detached elevator finishes the job.
Every penny rise in WTI bought 2 points of rise on the DOW up.
Market News International (MNI): Bullard Says Economy Adding "Tons of Jobs", Well Above Trend.
NEVER go full Bulltard !
“What is happening is really very much an emotional response,” Cohen told Elliot Gotkine on Bloomberg Television. “We need to put things into perspective. Stocks are probably the best place to be.”
-Abby Joseph Cohen, president of Goldman Sachs Group Inc.’s Global Markets Institute
about 4 hours ago.
and I had just read that its time to hide in bonds.
I was just thinking "Oil is going to go down indefinetly." But then I heard this Bullard guy say that there will in fact be a bottom. So I bought STAWKS.
/sarc
It's true, it has to bottom sometime, because the dollar cannot appreciate to infinity.
The market obviously thought that oil would keep going down infinitely and break below zero, but Bullard set them straight.
i see corruption everywhere. in particular days in which this guy speaks. tremendous "coincidence"
these guys should be forbidden to talk on options expiration. it's wrong in so many levels - i'd have him in handcuffs already.
have the NSA spy on this guy's cel phone and you certainly will find evidence.
How do you think the Deep State funds its black ops? They know virtually every merger, rate change and quarterly report before the announcement. It's almost as good as getting tomorrow's newspaper (remember those things?) today. I don't know of any evidence that they are doing it but they could easily make billions and never be noticed. More porn for the SEC if they are noticed.
Exactly
Why do you think Renaissance Tech is so succesful? its a prop fund that funds CIA/NSA black ops stuff
Why would they bother with selling drugs to fund black ops then? Seems like super insider trading would be a much more efficient way to rake in the dough.
I think you are misunderstanding how manipulation works. That IS the point.
The Fed GOD trading desk has been put into action. They must own everything now?
It's divvied up with Sweden, Switzerland, Japan and others. Probably nothing but currency swaps actually reside on the Fed's books.
250 points in 30 minutes. That has to be the biggest joke ever in the history of this fraud casino !!
Who told Kyle Bass they were going to kill the dollar?
FUCK THIS FUCKING BULLSHIT
what is an apartment complex worth that is 50% occupied with rents 35% off the peak price for the next 5 years?
Is this a trick question? It's worth more than they paid for it. Real estate never goes down in value.
Let's see what the half-life of this "rally" is...CNBS just trotted out some ANALyst telling us that "peak oil " is upon us again, and that this is " the $30 floor for oil"....BWAHAHAH....markets gone wild on PPT heroin...mainline me baby!
Snap. One wonders if the Fed sent out a secret memo to their cronies to get ready to sell into a Bulltard rally. We shall see!
up-arrow for "ANALyst" ha
What was left unsaid: We'll start monetizing oil debt if we have to.
Wouldn't it be nice if they did actually say that? We know they're going to do it anyway when the wheels fall off this latest version of the never-ending shit show, so why not just say it? You wanna see the market rip 800 points higher in a day? That's all it would take. Just one little sentence.
C'mon Janet! Don't play all coy with us like that. Just say it!
... and PMs tank...
Options expiration week.
How pathetic is it when technical indicators like EPS and PE ratios are thown aside for Bullard bloviations.
Actually, those are fundamental indicators. But, what difference does it make when both indicators are so antiquated in the new normal?
Not the way they report the numbers nowadays.
When I research a company (which I don't do any more because it's a stupid activity) I evaluate on a cash basis. Harder to fake that.
Pfffttt...., too much work. I just do the opposite of what Cramer and Gartman says.
This is just another blip up on the avalanche down....2016 stocks btfo'd.
Un..Fucking..believable!!! 305 point swing in 40 minutes!!!
They are being prudent while showing us that we are absolutely under their thumb. They could do even worse even faster with all the fiat money that we provide to them if they wanted to.