Bullard Bounce Erased As Crude Crashes Back Below $30
Dow futures are now over 400 points off the Bullard Bounce highs as it appears The Fed's ability to convince the world it will save it once again is fading. Thanks to deflation-inspiring credit growth in China (yes, you read that right) and Kuroda's implied "we are done for now" comments, growth scares have spread across every asset class with crude and copper clubbed, bonds bid, and stocks tumbling...
JPY is heavily bid as carry trades unwind (JPYUSD futures)
Bullard Bounce dead...
And cruide has collapsed below $30...
(4 votes)
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So who is doing the jawboning today while the FED injects another shot of adrenalin into the market?
pods
Bullard’s tongue should be crazy-glued to his forehead (or any other body part, for that matter). ;-)
Looney
Bullard Bounce Erased
Next?
https://youtu.be/j4SRsGn14PI
Isn't it obvious?
Bullard comments - rally ensues
Charlton Heston planet of the apes laugh seems appropriate here...
https://www.youtube.com/watch?v=gg1t_nGaDLs
Good. Fuck you, Bullard.
They have to hold 187 on the SPY. PPT time
Ppt putting on strapons
market is shaking the shit out of everyone.
I'm calling for legislation to outlaw shoeshine boys (aka CNBC talking heads)....I think that might help.
NY state Manafacturing index:more than -19.%.
Everything is either black or red: http://www.investing.com/economic-calendar/
P.S. The economy is b00ming, to the bottom!
Obama received a Noble Peace Price for bombing multiple countries. Maybe we should consider him giving a Nobel Price for the Economy for ruining the economy of his country. Those two Nobel price awards would look pretty cool next to his golf awards.
Which was totally unfair....cause he actually hadn't bombed anyone yet.
But he did make up for it.
Mr. Dudley, nearly as dovish as Yellen, is speaking at 9:00, and his remarks have generally been very carefully scripted in the past to worship Keynes.
One wonders, however, if yesterday's snap-back had him planning to follow the 2016 Fed script thus far of "gosh, we'll probably hike a few times", but with each instance of "hike" followed within 7 words by the phrase "data dependent." As he now spies the pre-open, is he furiously re-writing his blather toward stick-save rhetoric?
We had the same thought at the same time. Spooky.
I've always thought most of the so-called "Bullard Bounces" have actually been timing coincidences, and not directly from this non-voting member's hypocritical, circular arguments, with markets moving based on technical/quant reasons, mainly. But I think Dudley's blather has had more lasting impact than anyone but Yellen/Fischer. So, I'd love to see the text msg he just got from the Chair and Vice Chair ...
Dudley, per Reuters:
"With respect to the risks to the inflation outlook, the most concerning is the possibility that inflation expectations become unanchored to the downside,"Bill Dudley flaps his trap at 9 a.m. We'll see how he moves markets.
Though the Fed is independent of the markets and vice versa.
Pull this finger.
FED HEAD speaks at 9:00...maybe he'll just come and out and say time to short the VXX. What a joke. Glad all those who bought yesterday on Bullard's vaporware are going take it.
+.
WE NEED A BIGGER BULLTARD, FAST!!!
harrr harrr (evil laugh)
Hang Bullard I guarantee the Dow goes up.