Jim Bullard Does It Again - Stocks Spike On Hint Of Future QE

Tyler Durden's picture

It's deja vu all over again. Having saved the world (stocks) in October 2014, The Fed's Jim Bullard - clearly worried by the 2% drop in stocks - has stepped back in today...

Hinting at the never-ending market put, Bullard noted in a Q&A session after his speech that...


And that was all the machines needed...

Efficient markets much?

Of course, the only problem Bullard has is that The Fed needs to "shrink" its balance sheet before it can re-QE. So this is simply front-running the carnage that a lumpy Fed balance sheet unwind (due to maturing debt) is likely to cause by pacifying worried investors that "we got this" if everything turns to shit.

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Juggernaut x2's picture

B-B-But the Fed is going to let it all blow up to screw Trump/ sarc. 

jcaz's picture

Ya know,  I go to fucking PRISON when I start front-running shit like this......

BorisTheBlade's picture

It's his last name that does it. If his was Bearard on the other hand...

The Real Tony's picture

We all remember "unleash the Bull-turd" next thing was the markets were 100 percent rigged if they weren't before.

Ghost of PartysOver's picture

Would it make more sense and have fewer future unanticipated ramifications if Ryan and McConnel get on board the Trump Train and passed Obamacare Repeal and Replace, Tax Reform.   And the RINO's for that matter.   Or maybe I am just a simple thinker.

Jim Sampson's picture

QE...  oh yeah, the economy is just hummin along.  WHAT THE FUCK!!!

JethroBodien's picture

Did you buy the fucking dip?  Who here didn't buy the fucking dip?

Ghost of PartysOver's picture

Yes I BTFD.  Only those who are Short and thinking the game is over failed to cover Shorts and BTFD.  Maybe the announcement of a Special Prosecutor for "Russians Did It" Crock-O-Crap will get the pathetic Republicans back to work on Obamacare Repeal/Replace and Tax Reform.  Those two items are the only things the market cares about.   You can add the Anal Extracted Non GAAP Quarterly Corp Reports to the mix but everybody knows they always beat expectation.

QE4MeASAP's picture

My favorite ZH stories always invovle Jim Bullard.  Glad to see him back this morning.

Caloot's picture

They will print to infinity and beyond.   Because it's an unpolitical cartel, I mean entity.   So you better buy the mthrking dip, if you want enough cash to buy a 25 dollar loaf of bread.   

BullyBearish's picture

topping process = time in which the bankers suck in every last "investor" by rocketing up the "market", handing off all of their toxic bags of $hit while loading up on the short side

Silver Savior's picture

I will just go hungry. Fuck that.

MFL5591's picture

Are they fucking kidding?  More money printing will do it this time?  What the hell is going on and why is the media in this courtry left unchecked with their lies?

jamesmmu's picture

Future QE means lower 10yrs yield, banks willl hurt, but why dow still rally?

Juggernaut x2's picture

The run up in oil before Memorial Day is going swimmingly 

ebworthen's picture

Yup, mark it on next year's calendar, and every year after that.

QE - sure Bullard, because $11+ Trillion wasn't enough.

Still waiting on my $4 Million bailout check.

yogibear's picture

No change. As peter schiff said. QE until the dollar dies.
That's a guarantee!!!!!
They'll just call it something else.
Fed's smoke and mirrors.

Silver Savior's picture

It's because the Dow and broader stock market is not a market it's a tool used by the banksters to create illusions of prosperity. 

SDShack's picture

Dow still rallies is why Banks will never hurt again because Glass-Steagall was repealed, essentially allowing all banks to become investment banks now. So it's all just balance sheet corrections. Bear-Sterns and Layman Bros were the last big failures, and that resulted in taxpayer funded bailout bazookas after that, and will be forever more. Hell, the bailouts are not only contained to banks, but insurance as well as big industry, as AIG, and GM (Govt Motors) proved. Not to mention the whole Homeland Security /Military Industrial Complex. The Rule of Law died decades ago, and was buried forever in 2008.

The world economy is now a giant 3-legged bar stool, with the legs being banks, business, and security/military. All 3 legs supporting the seat which is govt/politicians. The masses sit on the seat. Kick out any one of the 3 legs and the entire thing collapses. That's why all the powers do EVERYTHING needed to keep the legs in place and build them stronger to support ever increasing masses on the seat.

NoDebt's picture

It's NEVER going to end.  NEVER.


BigFatUglyBubble's picture

What if I tell my wife (as pictured in icon) to sing?

Dsyno's picture

Thumbs-down for making us look at the pic.

FreeShitter's picture

It must not ever end. ever.

tmosley's picture

They didnt think Rome would ever end either. Then the goths marched in unopposed.

NoDebt's picture

Rome is still there.  It just changed ownership.


ipso_facto's picture

'Rome is still there.  It just changed ownership.'

The land is still there but the advanced civilization of which Rome was the center is gone forever.

ipso_facto's picture

'They didnt think Rome would ever end either. Then the goths marched in unopposed.'


'Things' had been going to hell for 300 years.

yogibear's picture

Only way this ends is if the dollar crashes and all faith in the us dollar

Silver Savior's picture

I lost all faith in the dollar already. I buy alternatives. I am not going to be stuck holding this crap in the end.

BigFatUglyBubble's picture

Welcome back my friends to the show that never ends
We're so glad you could attend, come inside, come inside
There behind a glass stands a real blade of grass
Be careful as you pass, move along, move along

Come inside, the show's about to start
Guaranteed to blow your head apart
Rest assured you'll get your money's worth
Greatest show in Heaven, Hell or Earth
You've got to see the show, it's a dynamo
You've got to see the show, it's rock and roll, oh

mily's picture

UVXY puts bitches!

mily's picture

Will close puts pos today and buy vix calls as i think impichment drama is not over yet

mily's picture

Impressive how quickly vix spike is being faded

shizzledizzle's picture

Get ready for a PM beatdown today!

Silver Savior's picture

Damn it's such a no brainer buying opportunity. I am all over it.

Lonesome Crow's picture

Why is this so?

"The Fed needs to "shrink" its balance sheet before it can re-QE."

Sam Clemons's picture

It's not.  They are accountable to no one and cannot go bankrupt because they can print an infinite amount of money.

Not sure why this fact is consistently overlooked.

Lonesome Crow's picture

If it is not then why are ZH editors saying it is necessary? Can an editor clarify or follow up?

BigFatUglyBubble's picture

It's just a layer in the bullshit lasagna narrative.  It's not neccesary, but people believe it's coming, and perception partly creates reality.  Dudley said not till 2018 anyway... http://www.zerohedge.com/news/2017-04-06/ny-fed-disagrees-minutes-does-n...

Lonesome Crow's picture

I see. Thanks for link with the explanation.

BigCumulusClouds's picture

ZH posts bs all too often. They even buy into the 911 story. The Fed can increase its balance sheet until hyperinflation ends.

lester1's picture









Right !

Soul Glow's picture

Algos love hints at QE, even when QE isn't currently on the table.

NoDebt's picture

You say that like QE was ever taken off the table.  To the best of my knowlege all they did was stop doing it.  There was no promise of "never again" that I'm aware of.



Soul Glow's picture

Alright alright, QE 4 EVA!

Silver Savior's picture

It has to be that way. Too late now.