Immediate FOMC Reaction - "The Face Your Rip Off" Unrally

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Tue, 08/09/2011 - 14:31 | 1543300 IMA5U
IMA5U's picture

and then the PPT came in and whipswaed the mkt higher...

Tue, 08/09/2011 - 14:32 | 1543308 Dick Fitz
Dick Fitz's picture

PPT might be a tad overwhelmed in this scenario. Got Gold?

Tue, 08/09/2011 - 14:33 | 1543314 HelluvaEngineer
HelluvaEngineer's picture

Nah, just a bunch of daytrading morons.  CNBC was ready with the positive spin.

Tue, 08/09/2011 - 14:31 | 1543302 Inibo E. Exibo
Inibo E. Exibo's picture

Apparently the inverse of ZH bandwidth utilization.

Tue, 08/09/2011 - 20:34 | 1544742 Ramboy
Ramboy's picture

Very true.  ZH bandwidth issues and server failures are always short term bottoms on the ES.

Tue, 08/09/2011 - 14:32 | 1543306 schoolsout
schoolsout's picture

and things are pretty much back to where they were as if the Fed never announced anything...mahvelous...simply mahvelous.

Tue, 08/09/2011 - 14:49 | 1543383 schoolsout
schoolsout's picture

Christ...I imagine a few accounts have just been decimated with the whipsawing going on

Tue, 08/09/2011 - 14:32 | 1543307 janus
janus's picture

i guess this is bearish for oil?

or is this all about oil?

Tue, 08/09/2011 - 14:33 | 1543311 OliverTwist
OliverTwist's picture

I'm afraid my silver trade will tank too ...

Tue, 08/09/2011 - 18:33 | 1544337 Zero Govt
Zero Govt's picture

Silver gone green, pinged off $37.00 like a jumping jack, up 1.20% passed $38 ...keep going you Silver Surfer, catch that Gold up like we know you can  

Tue, 08/09/2011 - 14:33 | 1543313 Peter_Griffin
Peter_Griffin's picture

Crashy McCrashy... kinda like this website.

Tue, 08/09/2011 - 18:37 | 1544352 Zero Govt
Zero Govt's picture

the Stock Markets a bit like bomb sites at the mo... ZH is more like musical chairs, you just have to try your luck to see if you can get your arse in!

Tue, 08/09/2011 - 14:33 | 1543315 baby_BLYTHE
baby_BLYTHE's picture

I want to rip Ben's face off, he is a monster!

Tue, 08/09/2011 - 14:48 | 1543377 MsCreant
MsCreant's picture

Yeah, but then what would you do with it?

I will say this, it is the only "face" I would want from Ben...

Tue, 08/09/2011 - 15:00 | 1543414 baby_BLYTHE
baby_BLYTHE's picture

I would wear it as a "Dead Skin Mask", to quote a Slayer song

Tue, 08/09/2011 - 15:31 | 1543529 Tree of Liberty
Tree of Liberty's picture

Too Funny!

"Nothing Worse Than A Woman's Scorn"

 

Tue, 08/09/2011 - 16:52 | 1543916 El Viejo
El Viejo's picture

Yeah, all the while they are being sweet and nice and polite and prim and proper - they are storing up the grapes of wrath. Don't push em over the edge, especially when the moon is full. Owwwwwwuuuuuuu

Tue, 08/09/2011 - 17:08 | 1543992 janus
janus's picture

i'm unfamiliar with that quote; and when it comes to the white-hot rage from the fairer sex, i admit i've received more than any tolerable share a man should be asked to shoulder...so the 'nothing worse' is a little wanting. 

have you ever been on the business end of 10 razor sharp claws?  the situation is terribly difficult to manage...it's all hell's fury and worse, WAY worse -- you can take my word for it or ole bill shakespeare's; either way, the point is the same.

 

Tue, 08/09/2011 - 14:34 | 1543316 Caviar Emptor
Caviar Emptor's picture

Let them eat ZIRP!!

Tue, 08/09/2011 - 14:34 | 1543317 Spitzer
Spitzer's picture

It is as aggresive as Bernanke could get the board to agree on. For what that's worth.

I wonder what the Euro is doing............

Tue, 08/09/2011 - 14:36 | 1543323 chinaguy
chinaguy's picture

1.423 EUR

71.80 CHF a new fucking record gentlemen

Wed, 08/10/2011 - 00:12 | 1545199 StychoKiller
StychoKiller's picture

JPY is right back around 76.84 -- like the BOJ intervention never even happened!

Tue, 08/09/2011 - 14:37 | 1543334 Snidley Whipsnae
Snidley Whipsnae's picture

Slaughter was right about the leak... came about 11am... gold moved up from 1722 to 1752 while the DJ traded sideways and choppy for a loss of about 25pts.

The equities holders have just been thrown under the bus to save the bondholders ... and, to save the US from ANOTHER credit downgrade...

Tue, 08/09/2011 - 14:35 | 1543318 Transitory Disi...
Transitory Disinflation's picture

for i in `FED_ANNOUNCEMENT`

do

    if $FED_ANNOUNCEMENT = NOQE3

       then ZH_BANDWIDTH=DOUBLE

    else

       $BTFD

     fi

done;

Tue, 08/09/2011 - 14:37 | 1543330 US Uncut
US Uncut's picture

Love it. !

Tue, 08/09/2011 - 14:36 | 1543320 A Lunatic
A Lunatic's picture

Bearish for baseball bats.

Tue, 08/09/2011 - 14:36 | 1543324 cowdiddly
cowdiddly's picture

ZZZZZZZZ......and back to your regularly scheduled market meltdown.

Tue, 08/09/2011 - 18:39 | 1544369 Zero Govt
Zero Govt's picture

Yep, 'Bombs Away'

Tue, 08/09/2011 - 14:37 | 1543325 LawsofPhysics
LawsofPhysics's picture

Free money for all primary dealers indefinitely, and NO SOUP FOR YOU!  LOL

Tue, 08/09/2011 - 14:37 | 1543329 HyperLazy
HyperLazy's picture

Volume on Bank of America stock: 329M...

Tue, 08/09/2011 - 14:37 | 1543331 hedgeless_horseman
hedgeless_horseman's picture

Birinyi' new ruler better be a carpenter's square.

Tue, 08/09/2011 - 15:57 | 1543639 janus
janus's picture

Hey, I know you -- didn't we meet on the square and part on the level? Or was it the other way roung?

Tue, 08/09/2011 - 14:37 | 1543332 RemiG2010
RemiG2010's picture

Read my lips: ZERO!

Tue, 08/09/2011 - 14:37 | 1543335 max2205
max2205's picture

Only 10?

Tue, 08/09/2011 - 14:37 | 1543336 Greater Fool
Greater Fool's picture

EUR basically unchanged since the announcement as of this writing, although it's been having a spasm similar to the S&P. Except the S&P is...ahem...not unchanged since the announcement. Unchanged since previous close, more like. For now.

Tue, 08/09/2011 - 14:37 | 1543337 Catullus
Catullus's picture

TARGET rates were supposed to add confidence? The Fed doesn't set rates. They target them. A giant nothingburger.

Tue, 08/09/2011 - 14:50 | 1543387 NotApplicable
NotApplicable's picture

FWIW, I'm fairly confident the Fed will target rates with a giant monetization gun.

Tue, 08/09/2011 - 14:55 | 1543413 Catullus
Catullus's picture

Thanks. Now want to take a guess how much that would be? Because until 2013 at the rate the USG is creating new bonds, they'd have to monetize over $3trillion. I'm sure theyll release that number at any moment now.

Tue, 08/09/2011 - 14:39 | 1543338 max2205
max2205's picture

Crash 2.01 coming to your terminals....a throw in the towel drop

Tue, 08/09/2011 - 14:41 | 1543342 Doyle Hargraves
Doyle Hargraves's picture

And S&P firmly back in the Red, Dow -172 and sinking fast,  wow they held out longer than I thought, about 25 minutes

Tue, 08/09/2011 - 14:45 | 1543365 Jean
Jean's picture

Always a little slow after a heavy lunch, actually a slow start scares me - means someone thought about for a few minutes before pulling the ripcord anyways.

Tue, 08/09/2011 - 14:46 | 1543372 Doyle Hargraves
Doyle Hargraves's picture

You mean thought about it and said fuck it I am not pulling the ripcord, just ride one in!

Tue, 08/09/2011 - 14:41 | 1543346 irishlink
irishlink's picture

Everywhere today the media has highlighted the fact that even cab drivers are buying gold. They are using this to highlight that we are in a gold bubble! I would counter that cab drivers are some of the most informed people I know.

Tue, 08/09/2011 - 14:45 | 1543368 Jean
Jean's picture

Not sure about buying, but if the cabbies are selling ...

Tue, 08/09/2011 - 16:05 | 1543669 Spitzer
Spitzer's picture

Like Ben Davies said, everyone is talking about it, but who actually owns it ?

Nobody.

The sheeple think they have this bubble thing figured out so they don't own gold.

Tue, 08/09/2011 - 14:41 | 1543351 kaiten
kaiten's picture

Market collapse 2.0

Tue, 08/09/2011 - 18:56 | 1544385 Zero Govt
Zero Govt's picture

Why's everyone sweating about a market collapse, we're ALL Bears here now Leo's topped himself (i would have sent flowers but needed a new alloy wheel cleaning kit)... isn't every fecker short and having a damn good time???

I've been short for friggin months, it's 'Pay Day'

Chill Out, we're on holiday

Tue, 08/09/2011 - 14:41 | 1543352 Cursive
Cursive's picture

This probably won't be good for gold or the inflationary investing thesis.

Tue, 08/09/2011 - 15:11 | 1543465 Smiddywesson
Smiddywesson's picture

LOL, deflation can never outrun spending and printing.  Everything is good for gold.

Tue, 08/09/2011 - 14:43 | 1543356 JohnG
JohnG's picture

Plunge. Just wow, nothingburger is right.

Fuck you Ben.

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