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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Please put up the chart of TSLA and deny this was the Jewish Fed using our tax dollars to bail out a King Jew
"Sometime"?!?!?!?!!!!!
So is he foreshadowing QE4 as a support to oil patch debtors?
He's using Fedspeak to imply that...
Well to be fair markets were extremely oversold and bounced hard off their SEPT and AUG bottoms, which was a huge technical buying signal for 10s of thousands of traders..
which "coincided" with bullard's comment, options expiration week and 30 year bond auction.
can't talk about fair when criminal activity is taking place. just because it is not prosecuted and these guys never go to jail doesn't mean it is not criminal.
Verbal easing by the Fed is still working.
I said yesterday and i'll say it today This like sticking hand in a garbage disposal with your 3 year old controlling the on/off switch.
Perfectly timed right before opex. Coincidence? I doubt it.
LOL - fucking pigs on crack.
Just providing his Bankster buddies more time to unload. No shock if all hands on deck effort to close it above 1896 this week. Not saying it will work but these are merely chances to STFR unless a weekly close above 1969.
Can Nanex define which hedgie moved the forex markets and perhaps call over to ask them why they have this contrarian confidence in what they just bought...or perhaps they are just playing games in an illiquid one sided market? Nahhhh
PPT baby !!!
Democrats just killed the audit the Fed bill. Traitors !!
My friends - this will end very very badly.
Invest in rope and real estate with lamp posts. Will be in demand soon!
MUST........RETAKE........1900........AT.........ALL..........COSTS!!!!
Fuck 1900. Retaking 1900 is for pikers.
Now 2000 - that's the goal.
Damn, I was driving to work this morning and I was thinking "Hmmm... what happened to the constant barrage of slobbering nonsense spewed by the various Fed lackeys? Nada. And what do you know, Bull-Tard strikes again!
But of course these supposed higher oil prices aren't good for the price of Gold. Are they fucking kidding me !!!!
So oil goes up because of hot air out the mouth of a moron
That certainly is evidence for how ridiculous this 'market' has become
The volatility in the 'markets' shows just how panicky the trading public is right now. Any hint or burp or fart from any Fed member or CB mouthpiece or politician sends the 'market' into hyperdrive. And they know it, too.
I'm not talking my book, but I can recall when people seemed happy at $9...
That $usdx parabolic ramp-up is great for stawks...
I wonder how many points it will jump when he says he has liver cancer.
You people are all idiots. I'm an economist, and it's patently obvious that the value of the entire US economy just grew by 1.40% in the past half hour.
lol
Wait, I just got my face ripped off...because of THAT?
has to bottom sometime? YES! at a penny-per-barrell
http://www.thecarycompany.com/containers/main/drums.html
The barrel costs more than the contents.
can someone explain to me why this mother fucking asshole is not behind prison where he fucking belongs.
all this asshole does is manipulate ''markets'' higher.
seriously, wtf did he say anything today?
It was scripted in advance. It was not "spontaneous."
+1
All these fuggers need to shut their cockhholsters with their manipulation scheemes
MOAR! PANIC BUY and MELT UP!
Hot air under the skirt raises and excites Mr. Yellen
It wasn't Bullard, it was ZH.
Dead fatcat bounce?
goyim..its time to SELL into this bitch
Bultard effect won't last. Just more volatility for Goldman's algos to vaccuum coins from the loose muppet pockets
There is a prison cell waiting for Bultard too. He won't be left out.
"Janet, Schlomo needs out of TSLA so his grandkid can pay medical school tuition."
"No problem. Tell him to wait 30 minutes, then do it quick."
Depends on what the word "sometime" means!
"A Passage To Bangkok"
Our first stop is in Bogota
To check Colombian fields
The natives smile and pass along
A sample of their yield
Sweet Jamaican pipe dreams
Golden Acapulco nights
Then Morocco, and the East
Fly by morning light
[Chorus:]
We're on the train to Bangkok
Aboard the Thailand Express
We'll hit the stops along the way
We only stop for the best
Wreathed in smoke in Lebanon
We burn the midnight oil
The fragrance of Afghanistan
Rewards a long day's toil
Pulling into Katmandu
Smoke rings fill the air
Perfumed by a Nepal night
The Express gets you there
This is just a hint of what is going to happen when the Fed relents and gives back ZIRP and restarts QE. The face rip will take the S&P to 3000.
Sure, it is all bullshit, but it will happen.
When the jawboning no longer works they'll do QE and ZIRP/NIRP.
the market will turn when the proper people have been muppetized. in this case the goal has been set on russia. russia just admitted having revenue issues so the muppetizers will double down for a last push. the last time this was done(1999), it took $9 oil. that is probably the target.
"Aberdeen, Oil Capital of Europe" you can smell the fear!
PPT: Stall the Fall
"Rally On!!!" (suckers)
Two things that the Fed members think they have unlimited amounts of: 1) Digitally printed money, and 2) Hot air (market moving commentary).
I can't wait until the world takes away #1, and all these clowns have left is #2. Will be fun to hear them make their deserate musings as the Titanic (that they caused) sinks.
Two things that the Fed members ***** **** have unlimited amounts of:
there are situations where issuing phantom collateral is not desirable, like when they are trying to reign in speculative investment in energy. at the same time they want to normalize interest rates so they offer banks all the money they want to borrow at a rate the fed has pegged. once energy turns their inflation targets will be raised from 2 to 3%, and that number might be raised as well. consider this, the fed has been wrong for 8 years, it was wrong to raise rates, QE was wrong, but nobody can be wrong all the time. the best thing the fed can do is keep baby stepping the market higher.
What do snapchat and facebook stocks have to do with oil prices as determined by half wit speculators?
Oil prices were never going to stay so low given the significant pressure on the other side, not only from Russia and us oil concerns but from within saudi arabia.
The lame attempt by the us to provoke a response by iran yesterday likely has had more to do with todays buys than unpacked tautologies from Dullard.
DJTA just turned into the red.