Fed Cat Bounce: Stocks Soar Most In 3 Years As Crude Crash Continues

This is indeed "madness"...

 

Just 1 word... "Patient" and this idiotic market soars 700 Dow points! (and S&P 90 Up ) - Quad Witching Machines in full retard mode... This is the biggest 2-day swing since Dec 2011.

 

Up 4-5% in 48 hours...

 

"Most Shorted" stocks are up 4.75% from yesterday's lows - the biggest squeeze since October 2011.

 

Since The FOMC...

 

Dismal Data... Buy Stocks

 

HY Credit dumping... Buy Stocks

 

VIX protection bid... Buy Stocks

 

Crude Carnage... Buy Stocks

 

JPY Carry unwinds... Buy Stocks

 

Inflation expectations collapsing... Buy Stocks

 

 

One more thing...

 

You're getting the picture.

The USDollar rallied...

 

Treasury yields rose quite notably...

 

And commodities generally flatlined as oil roundtripped...

 

Finally, Russia "stabilized" overnight following Putin's annual Q&A...

 

Charts: Bloomberg