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Dimon Is A Market's Best Friend
Since the all-powerful JPMorgan CIO began talking at 10ET, markets have levitated. EURUSD and WTI stand out as the most impressive turnarounds but the Too-Big-To-Fails are all rallying in sync on the basis, we assume, that they have once again been proven impregnable. It seems very clear that correlation is being used to levitate markets here as the instantaneous jump in CONTEXT dragging stocks higher just as Dimon began to speak is so very reminiscent of the magical fairy that decided to buy Facebook shares as Gorman began his interview on CNBC last week. Maybe we should have Jamie speak every morning - the New QE?
TBTFs rally monkey...
but EURUSD seemed to enjoy his comments...
but WTI appears to have all its problems solved...
and these 'leverage-able' risk assets are helping levitate stocks in an oh-so-perfectly correlated manner...
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Charts: Bloomberg and Capital Context
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Mr. Dimon you are one hell of a guy thanks for being here and please give my best to Judy
Mr. Speaker, I yield the rest of my time
Dimon's talk isn't 100% pure shit.
There is just enough corn and peanuts in it for the cafeteria staff to call it a "vegetable" and force us school kids to eat it.
I think Jamie has perfected what is actually know as Quantitative Weaseling.
So, July 12 is the date to mark on the calendar, when JPM updates shareholders on the situation with the CIO losses and what they are doing to contain it.
Mr. Dimon, my campaign- I mean- I truly appreciate your check- I mean- comments here today.
Yeah, the balances in the campaign funds are low so it’s time for the bankers to send more checks to the politicians.
Like the word “is”, the meaning of the words “checks and balances” mean what our criminal rulers want them to mean.
there is no trend anymore..because of the fed..fundamentals were thrown out the window when they brought back mark to magic accounting in march of 09..you now have to trade each day individually..
Magic Marker Accounting, I like the sound of it!
Market's have been trading sideways for two weeks. If bears can't bring it further down which they are struggling to do, then it will continue back up. Pretty simple, Dimon has nothing to do with it. Might be best to look at the market beyond a 5 day window...
If the markets don't go lower there will be no QE in June, if there's no QE in June, then there won't be any this year, and then we're really screwed.
You mean Obama's screwed...
Dimon, with his seat on the Fed has everything to do with it: the higher they take it, the bigger the cushion on the way down.
“The biggest conspiracy has always been the fact that there is no conspiracy. Nobody’s out to get you. Nobody gives a shit whether you live or die. There, you feel better now?” -Dennis Miller
Briang out the guillotines for this guy
When you have the amount of deposits that JPM has to play with, one can move markets and mountains on a whim.
Yup, the new QE is to talk the market up. Kind of like the House of Morgan coming in to buy during the '29 crash just to stabilize the market long enough to cash out. We're being saved by the House of Morgan again!
"The day have been saved by the house of Morgan"
http://www.youtube.com/watch?v=RJpLMvgUXe8
Thanks for the link!
"Since the all-powerful JPMorgan CIO began talking at 10ET, markets have levitated."
A market woody salutes the Big Dick.
and it's gone again...
Like a derivative... the rally imploded on it's own weight...
New QE? You mean Queer Eye for the Kleptomaniac Guy?
Dimon now telling us he gives the government "informed advice". Because nobody's playing us on the other side of the trade. Oh, how silly of us...
Yahoo!, CNBC Form Online Unholy Alliance
Anyone that relies on either of those for "news" deserves what they get.
Nothing but cult activity.
And don't forget The Fed!
Here is Demint and Lee's "Cap The Fed" legislation for the US Senate.
http://confoundedinterest.wordpress.com/2012/06/13/should-congress-place...
Will never happen, but asking the Fed to show restraint in devaluing the currency is a good start!!!!!!!!111
Honestly, I kinda like Jamie. Probably he's a self obsessed eye scratcher, but he's got it together.
I like Jamie a lot better than Blankfein.
The shit on the left is runny and stinks, the shit on the right is rock hard and also stinks.
Other than hard or soft, THEY BOTH STINK!
Blankfein is the one on the left then?
You're like the abused spouse that makes excuses for thier abuser's behaviour.
He's a lying sack-o-shite....watch-out he'll scar that youthful muppet-like look.
The-Leap-Day-Ron-Paul-Silver-Coin-Flash-Massacre was proven to be a very effective model. Rest assured the Fed/JPM will keep doing it.
http://i44.tinypic.com/21o66bm.png
Remember is the old days when people who claimed the market was being manipulated were looked at as lunatics?
There are now so many examples of interference in the markets it is getting harder to claim that any market is free. Of course, the message is that the market interventions/support is benevolent. Right, benevolent for who?
Question - how can markets all across the globe reverse simultaneously on no major news event? I guess we just accept that it is a bounce off oversold conditions, or some lame crap excuse like that. I love to read the market headlines as they come up with excuses....first as it collapses and then as it miraculously rebounds.
"How can markets all across the globe reverse simultaneously on no major news event?" Credit where credit is due: the recent incorporation of "Rockerfeller-Rothschild". The new World Fed.
The foundation of organized crime is keeping the earners in line. Independent action is discouraged and punished. This is the worldwide high finance credo for the market makers since well before the turn of the century. There are sheep to be sheared.
The Too Big To Fails are driving the market up today as a cover for Jaime and their own asses. BTW they are all a little bit pregnant... with Rosemary's Baby.
So he farted in our faces for an hour and a bunch of stocks went up? Sounds about right.
And this is what America calls.....Free Markets. Pathetic.
THIS JON TESTER FELLA LOOKS LIKE FARVA
The Demon speaks.
And his disciples in Wall Street do their needfull.
More lambs to the slaughter
And Lucifer is appeased.
I think this move higher will be short lived. Look at the VIX, it's up 1.24 and moving higher. Seems like the options buyers are positioning themselves for some violence in the market.
I'm surprised he had time to come say hello ... so busy opening branches and what not. Wonder if the bag man arrived at Penn Ave. yet?
When the pumper(s) in question stop (presumably when dimon is done speaking) commence fading sequence with extreme prejudice. That is all.
It's just market pumping so as to insure this shitbag embarrassment Dimon won't be embarrassed while being sucked off by several congress critters.
JPM up 2.5%.
Anyone else use this blog for financial gain? All I hear is ranting about how unfair everything is. What happened to the traders in the community? Where did that discussion move to?
There have been a few trades I've made because of ZH, the best (and still most hilarious) was trying out the Anti-Tilson short NFLX, long GMCR trade. If you haven't seen that one, you really should, it had an absolutely unreal return, something like 40% over 6 days.
Others are mostly Forex. A lot of trade inspiring ideas that the Tyler's post is stuff that penny-ante retail people like me can't participate in, e.g. last year's Dexia/World's most peaceful anarchy (Belgium) CDS compression trade.
On JD's Top 10 List of Who He's Concerned about....he's got himself 1 thru 9 and tied for 10.
Jail this crook.
I hear Greeks are pulling cash before the elections
New government might change the rules...
Jealous bitchez.
And JPM is up between 3 1/4 and 3/ 1/3 percent!
Damn - life is good in the banksters' lane...
http://www.youtube.com/watch?v=weKN9-9TQcU
If JD would have announced a 5 to 10 bill loss in the CIO, the stock would have soared to 50. No?
Rally Warning Continues...
SPX bullish daily chart & USDX bearish daily chart strengthen.
Significant equity / EURUSD upside & USDX retracement ahead.
http://www.zerohedge.com/news/2012-12-24/market-analysis
All HAIL Emperor Jamie...
The EMPEROR informed the Senate that when his motor vehicle is on any Federal Highway ALL speed limits are suspended. He also informed the Senate that he will not be available again for an audience in the near future because he will be taking violin lessons. (Ask RM what that means) There are rumors that the next FED chief will be a white horse. There are also rumors that on July 4, 2012 the Emperor will be officially declared a GOD! All HAIL Emperor Jamie!