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FOMC Statement Market Reaction
UPDATE: Stocks leaking back now
TSYs are 5-10bps lower in yield (aside from 30Y), ES (and credit) rallying but underperforming on a beta basis to TSY/EUR, EUR stronger 1.3050 now (USD weaker), and precious metals jumping.
Treasury yields tumble (and curve steepens)
Silver on a tear but gold still underperforming USD weakness for now. Copper not excited for now.
EURUSD back at 1.3050 highs of week
Gold specifically today is ripping...above $1685 now
HYG remains underperformer (leading) as ES jumps to meet credit indices. All pulling back now from reaching unchanged in ES.
Financials are lagging and Utilities leading post FOMC
Charts: Bloomberg
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10 yr T's down 8 bps in yield.
http://confoundedinterest.wordpress.com/2012/01/25/fed-likely-to-hold-fed-funds-target-at-0-25-and-where-bond-markets-stand/
Fuck Bernanke!! And Fuck Europe!! If you want to keep your money in the bank, its gonna cost you, you little shits!!!
For a limited time, you can bury money in the backyard at no extra charge right beside the spot the cat uses. Just make sure you have your I-phone turned off...they DO have remote access you know.
I'd love to bury my money but gosh darn it... boating accident. (Or was it aliens, I forget.)
and create your own bank by stocking up gold/silver!
With today's announcement, coupled with an event in euroland (or some other Risk Off event), the US 10-year could fall to yield sub 1.50%
With the resulting carnage in equities, etc. the Fed would have all the political cover it needs to whip out QE3.....setting up an attractive shorting opportunity for the US 10-year, which could rise in yield all the way back up to 2.0 - 2.25%.
Yeah...........but Gold is still rising.
Option expiry tomorrow... let's see how interesting these fucks can make it.
I LOVE mid winter fireworks.
me too - started yesterday afternoon after appl delivered.
did I hear "lagging" or other souring feeling? someone must be really bitter now - open your eyes!
The low-interest circus proceeds
The Beast from J. Island has needs
Our moral decay
Has brought it our way
On U.S. perdition it feeds
Nice!
Thanks CD....great to see you posting!!!!!
The douches on CNBC said they were buying. I'm trying to dump some CEF right now.
Turnip soup, peanut butter sandwich and warm glass of water Bitchez!
At least it's not pissw- nm
what ...you don't drink Potomac water?
or, worse yet, Kool-Aid
Fuck Bernanke!! And Fuck Europe!! If you want to keep your money in the bank, its gonna cost you, you little shits!!!
NYMEX gasoline $2.85/gallon. Feisty!
Well, at least the trolls will have to take the day off. Luv it. :)
i love it when the silver chart goes straight up
Actually, I would like the chance to buy it cheaper... but I know what you mean.
Wait until 2:15pm press conference for more spec moves.
Bernanke continues to steal interest income from savers and shift it to banks.
And has boldly announced that the Bankers' Morphine in the Form of ZIRP Program will be continued for as fas as the eye can see.
Silver will not hold here. It will be faded. Good short entry right now at $33 spot.
Why would anyone thumbs down this post? He made a call, we shall see.
Am I the only one who feels sorry for the comex tonight?
How long until people literally end up paying the bank to maintain their checking and savings accounts...
Personally, never. I would put money in a coffee can and bury it in the yard before that happens.
Safer also...
Considering fees and earning .000001% on deposits, we are already there.
dont forget inflation which if i can remember right is caused by printing money
Hehe, yeah. Sometimes I forget all the ways they are screwing us. There are too many to keep track of! Haha! Now, excuse me, I have some magazines to load.
I agree with you in principle. However, I am apprehensive of the day they openly charge you an onerous fee to simply maintain any balance with them.
Already happening in Germany. My wife, a German national, literally PAYS a monthly fee for a SAVINGS account and, of course, they nickle and dime the living shit out of her for every fucking transaction.
They pre-approved and sent us a Visa card here in the US and then CHARGED us to decline it and 'cancel' it.
It's coming to a bank near you. Trust me.
WTF,
it's like there's a surprise QE3 somewhere?
try everywhere. Double secret QE. I think ZIRP Eternal might be having an effect too.
obama said one thing and the fed said something else. mason jar central bank to buy gold silver on the dips. if there are any
Leaking back, huh?
Fucking please, they just need to go to the other room and trade in the sledge hammer for a fucking jackhammer.
This mother fucker is going up. They'll shove the feeding tube even further down the throat of the public. This shitfest has only begun.
Good call. Sickening, but a good call none-the-less.
but goldman said to expect no dovish statement what......
lol best contrarian indicator out there
http://www.zerohedge.com/news/goldman-previews-feds-statement-plays-down-expectations-dovish-surprise
It's really quite amazing.
Does GS have any creditibility left amongst the Barron's crowd?
.....how is this not seen as a precursor to the 215pm reporting that its a 50/50 tossup if we are currently in a recession. but then thats good, more printing; bad is good; more monetization is doubleplusgood
they'll be down hard tomorrow, seen this movie before. this is the counter intuitive trading move to draw in the suckers, who will put in overnight orders for 3X Bulllish Dow funds, only to lose their heads tomorrow.
and there will be plenty of opps to lighten up on the way down, as each and every sell off is followed by the rumor of QE3. (keep your eye on Natgas bitchez, and the TIP, some things don't lie and are therefore the enemy of the Fed) but the SOUA went flat, and the entire political process is in doubt, the two party system, as no one is going to quit and a few more might join the race.
can Goldman buy em all? damned expensive and bound to hurt their bottom line?
You know nothing and prattle about absurd day trading BS; but you got three thumbs up; a good reminder as to where you are here on the WWW. The World Wide WAste of Time.
The FED has admitted failure. Unemployment will not improve. I expect 50 million people on food stamps by the end of the year. Housing will not improve. Europe will implode starting with Greece. So sad. So sad.
so ture. the fed is desperatly seeking the next asset class where they can inflate a bubble so that people can lend against this asset class so that the monetary transmision mechanism isnt broke anymore... lol but people are allready drowning in debt so maybe Ben has to hop on his helicopter with his printing press and let it rain........ lol
Gold bubble commencing. Sell at $10,200 and buy MO
So ture. and what is your excuse for not speaking English? Spell check is a mystery? Can't understand it. What a wonderful web site.
It's all about the weak USD:)