Friday Humor: Russell 2000 Reaches New Record High

...as 2017 earnings expectations hit year-to-date lows...

And yes, we know financials are a major driver of the Russell 2000... so here's some more humor...

 

But VIX doesn't appear to be in on the joke...

Comments

GUS100CORRINA This is it Fri, 09/22/2017 - 14:05 Permalink

Friday Humor: Russell 2000 Reaches New Record HighMy response: This article presents clear and compelling evidence that someone with nefarious intentions is buying to create an illusion that everything is AWESOME.This is NOT a GOD honoring activity by any stretch of the imagination because it is dishonest.This will NOT END WELL whether it is next week, next month or next year.

In reply to by This is it

spastic_colon Fri, 09/22/2017 - 11:04 Permalink

as i said before.........the index manipulation is glaringly obvious......keep spinning those plates until everyone has sold out and let the retail bagholders dangle.

hedgeless_horseman spastic_colon Fri, 09/22/2017 - 11:14 Permalink

 His name is Simon Potter.Executive Vice President Markets Group Federal Reserve Bank of New York 33 Liberty Street New York, NY 10045 Phone (212) 720-6309simon.potter@ny.frb.org

When the Federal Reserve finally decides to raise short-term interest rates from near zero, it will be Simon Potter’s job to make it happen.  https://www.wsj.com/articles/the-oxford-economist-running-the-feds-inter...

In reply to by spastic_colon

7thGenMO spastic_colon Fri, 09/22/2017 - 12:27 Permalink

+1, but I would add that market control ultimately leads to the oligarchs using .gov to impose social control.  We're already seeing it with the destruction of statues, etc.In fact, isn't market control really about social control to keep the sheeple ignoring the real economic situation, pop another Prozac, and check their stocks.  Everything is OK - until it isn't!

In reply to by spastic_colon

LawsofPhysics Fri, 09/22/2017 - 11:05 Permalink

New "record highs" with "full employment" and yet still the bankers and financiers keep getting access to essentially FREE MONEY (near ZIRP Federal Funds Rate)!!!!!! Time to raise those rates Janet!!!!!!! "Full Faith and Credit"

Quivering Lip Fri, 09/22/2017 - 11:15 Permalink

"Earnings, to god-damned hell with Earnings! We have no Earnings. In fact, we don’t need Earnings. I don’t have to show you any stinking Earnings, you god-damned cabron and ching’ tu madre!"

Keltner Channel Surf Fri, 09/22/2017 - 11:29 Permalink

As a person who used to trade this beast daily, staring at every bar for years, it appears a turnabout may have started around 10:45 as it hit the Weekly Keltner 1.5 top, remains to be seen whether this is just an interim VWAP retrace before blasting thru later, or if ZH top-ticked it.

WayneHinds Fri, 09/22/2017 - 15:15 Permalink

how they can manipulate indices and entire markets is beyond my compregension, but it would not surprise me to see SPX close at exactly 2,500,00 for weekly option expiration pin.

this market will not see another 10% drop in my lifetime unless central bsnks grt out of the business of market manipulation