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Immediate FOMC Reaction - "The Face Your Rip Off" Unrally
Market reponse in one chart. We expect about 10 more kneejerk reactions imminently before the market realizes this is not good.
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and then the PPT came in and whipswaed the mkt higher...
PPT might be a tad overwhelmed in this scenario. Got Gold?
Nah, just a bunch of daytrading morons. CNBC was ready with the positive spin.
Apparently the inverse of ZH bandwidth utilization.
Very true. ZH bandwidth issues and server failures are always short term bottoms on the ES.
and things are pretty much back to where they were as if the Fed never announced anything...mahvelous...simply mahvelous.
Christ...I imagine a few accounts have just been decimated with the whipsawing going on
i guess this is bearish for oil?
or is this all about oil?
I'm afraid my silver trade will tank too ...
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
Crashy McCrashy... kinda like this website.
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!
I want to rip Ben's face off, he is a monster!
Yeah, but then what would you do with it?
I will say this, it is the only "face" I would want from Ben...
I would wear it as a "Dead Skin Mask", to quote a Slayer song
Too Funny!
"Nothing Worse Than A Woman's Scorn"
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
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.
Let them eat ZIRP!!
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............
1.423 EUR
71.80 CHF a new fucking record gentlemen
JPY is right back around 76.84 -- like the BOJ intervention never even happened!
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...
for i in `FED_ANNOUNCEMENT`
do
if $FED_ANNOUNCEMENT = NOQE3
then ZH_BANDWIDTH=DOUBLE
else
$BTFD
fi
done;
Love it. !
Bearish for baseball bats.
ZZZZZZZZ......and back to your regularly scheduled market meltdown.
Yep, 'Bombs Away'
Free money for all primary dealers indefinitely, and NO SOUP FOR YOU! LOL
Volume on Bank of America stock: 329M...
Birinyi' new ruler better be a carpenter's square.
Hey, I know you -- didn't we meet on the square and part on the level? Or was it the other way roung?
Read my lips: ZERO!
Only 10?
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.
TARGET rates were supposed to add confidence? The Fed doesn't set rates. They target them. A giant nothingburger.
FWIW, I'm fairly confident the Fed will target rates with a giant monetization gun.
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.
Crash 2.01 coming to your terminals....a throw in the towel drop
And S&P firmly back in the Red, Dow -172 and sinking fast, wow they held out longer than I thought, about 25 minutes
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.
You mean thought about it and said fuck it I am not pulling the ripcord, just ride one in!
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.
Not sure about buying, but if the cabbies are selling ...
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.
Market collapse 2.0
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
This probably won't be good for gold or the inflationary investing thesis.
LOL, deflation can never outrun spending and printing. Everything is good for gold.
Plunge. Just wow, nothingburger is right.
Fuck you Ben.
We now return you to your regularly scheduled selloff...
French CDS up 10% - just behind Russia and German above UK (on Bloomberg TV Banner)
http://www.bloomberg.com/apps/quote?ticker=CFRTR1U5:IND
LOL What a fucking disaster..Can we call it or can we call it.
0% Rates FOREVER..2008, 2009,2010,2011, 2012, 2013 get the fuck out of here. Home prices are still dropping with record low rates. It is not about the rates..it is about people not having credit worthiness, nor jobs nor the money to pay for these prices and they are all waiting for a housing crash before buying. We have students exiting college without jobs and massive loans. I cannot believe our nation is at the point where the Fed has created more dangerous bubbles ending up in more socialization of losses and more monetary stimulus to the point where we cannot reflate a bubble if we tried..
Worse more..what if we did?? We now have record debt and never before seen QE programs and they still cannot address the core issue and let healthy deflation do the job it is designed to do which is bring balance back to supply and demand without artificial intervention. This is bonkers..2013..All the QEs and rates have done was jack up unemployment, lower home prices and hand over 500 Billion in savings stolen from taxpayers to give over to the banks.
Of course there can be no QE 3. Russia called us a parasite they posses oil, Oil is only 80 and would go to 110 in 5 trading days, Gold is at a record high and China has stated they are opposed to QE programs because we will be paying them back in Oreos. Ben if you reading PLEASE I know you have the desire to have history books written about you but allow them to be for the right thing. Circle off these gangster banking cartels and the dangers they oppose to market prices, let deflation gain hold and cure us by clearing bad debts. Did you not quote your hero when you said, "When the facts change I change my mind"?
The facts have changed Ben. You really want to have books written about you aside from your actions being considered near treasonous..let those who put us here suffer and allow the middle class to grow again from the ashes..Yes it will be painful but this can only end in the destruction of a magical 200 years of unprecedented freedom if you launch QE3.
Even with this I cannot see how they cannot launch QE3 since nobody else can buy our debt but PD's knowing they will be able to POMO them back to the Fed. Become a hero Ben..do the right thing otherwise your wasting that 1600. Nobody who can score a 1600 on their SAT's can not be aware that is is ineffective so eventually it boils down to "Are you incompetent or complicit?"
P.S. Ron Paul will be President in 2012
We can only dream, he is in mid double digits in national polls now (15-20%), but he may end up on a plane flying somewhere, ala the clinton years if he gains too much traction.
"we can only dream. . ."
all you folks just waiting for superman to come & save the day. . .
http://www.youtube.com/watch?v=JY_L1AzSmhU
no figurehead for the corporation has any power beyond what he's told.
Hey, don't forget about non performing loans. No wonder BAC target price is the 'FFR' until mid 2013.
Are you for or against QE? Sarcasm maybe?
I am against QE and stealing from savers to reward the criminals who placed us here. Sadly the Fed for decades now has placed us upon the event horizon we are witnessing where gold and oil are telling us QE cannot continue and QE1 & 2 tell us they have been a failure as evidenced by unemployment but much like 90% were against TARP it must continue.
Wether through Tyler hypothesis of Operation Twist #2 or flat out statement of QE 3 coming. Ben has tried to stabilize markets by scaring shorts, trying to outlaw them though they serve a great purpose for price discovery via risk on the opposite end and wants everyone to walk along whistling believing the Fed can backstop all. It is not a liquidity question but a moral question of protecting those who parasite off of producers and cloaking them with immunity for their misjudgments. That is why the Bernanke Put is a sham.
This is all going according to plan. The printer does just fine in history, and they get to feather their nest. Indeed if we are entering a brave new world I expect Zimbabwe Ben will be heralded as a great hero that sheltered the oligarchy from risk and harm in this volatility so they could rise to their full power over the cattle.
Besides do you honestly believe for a minute that the Fed will catch teh blame from the MSM? No, a scapegoat will be found. Iran, China, Russia, Tea Party Terrorists, all will be heralded as enemies not our ever loving Federal Reserve. Just because you have an idea what is going on does not mean the masses do. I can assure you they know the cast of Jersey Shore far better then central bankers.
John, "..and they still cannot address the core issue.."
Hit the nail on the head right there
The Feds QE was never anything about the real economy..it was always about Pretend & Extend, bailouts for Big Banks and Big Govt, the bankrupts
Who ordered the smoothie with mix equal parts of gasoline and frozen orange juice concentrate?
:::: Here you are, Sir.
Apparently this is a myth, you cannot make napalm this way.
Yeah, styrene (or styrofoam!) dissovled in the gasoline makes it sticky!
All well and good, wait until the next bank(s) fails and the bail out is needed.
Austerity for the serfs proclaims the LORDB.
You really think this will hold, bitch!
London calling.........
What the f... is holding silver back ???
My guess would be an all out effort by shorts that are nearing the edge of the cliff. Silver should be following gold up, but it's not. It's a small market, but not that small. Doing this to silver has to put tremendous strain on the forces doing so. I wonder what their uncle point is?
There was a time I thought silver has 2 components: 1 it is a commodity and 2 it is sound money. Now I think there is a 3rd: it is one of the worlds most manipulated "thing". And right now this component is prevailing.
Man, that's so true.
A beginner looks at the data, supply, technical uses, prices, history, buys a little silver.
Five years later he will be foaming at the mouth, raving, "but it IS worth something, it is, it is a useful metal in short supply! ! I'm not crazy, where'r my pants?"
ZZzzzzapp!
FOMC Statement: buzz killer.
Evidently not
Equity counter trend short covering rally begins from very oversold levels.
http://stockmarket618.wordpress.com
you posted this same chart yesterday and said it predicted the sell-off ...today you post it again and say it predicts a counter-trend rally!!
why don't you mark it 'Head & Shoulders' and be done with it?
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