It's a Jedi mind trick that you think they will taper. They would love to keep yields down with their tapering talk without having to taper. In that scenario, they could inflate the equity bubble more and get more trickle down wealth effect. But if yields rise, then everything goes down. They can't taper because all the equity gains will vanish. The Fed is indeed trapped.
Isn't this just lip service now? I don't know how anyone could take seriously anything Fed members say anymore. Their credibility is shot. The market will now approach tapering with the assumption of QE forever until they taper. If they're not going to do anything, they should just shut the #$%$ up.
I've seen it all now. No limit to the fraud.
Look at these zombies line up in droves for the new iphone. These people are all mentally ill that they tie their identities to some electronic gadget. They are represent everything that is wrong with America, mindless consumerism, materialistic idolatry, corporate slavism. You people are pathetic, less than maggots.
I totally respect your position. I am the same way, and sometimes after waiting long enough I am correct. But the problem with AMZN is that you're assuming that it's a fair and efficient market, when clearly it's not. The best thing that could happen is people educate themselves and stay away from these ponzi schemes and let Wall St. fall into its own cesspool. Let Wall St. hang itself.
I was short this puppy since $295, but I am not going to take losses out of some crusade. Your position kind of reminds me of Linus in the pumpkin patch, waiting for the Great Pumpkin. The Great Pumpkin might still come but you could be waiting a long time and miss your trick or treats. I'll be back to short the #$%$ out of AMZN on earnings day.
As I wrote to my brother yesterday, there is much more at stake than AMZN with Twitter soon to go public. The only thing AMZN has going for it is that it is an internet darling of Wall St., and they protect at such. A Twitter IPO would not look as good if AMZN were allowed true price discovery, where it should be around $50 - $60 a share, not $300. When there is a lot of money to be made on IPO, you have to expect they are going to protect there interests. They can do what they want until judgment day, that is, earnings. But if the earnings aren't good, I don't see how the stock holds. Until then, I'm out and, instead, long puts on the TLT.
It's all from the same playbook, "Protocols of the Learned Elders of Zion", First Hitler denounced it, then he adopted its tenets.
“They don’t respect your dignity or accept your authority over them. They punish dissent and imprison opponents. They rig your elections. They control your media. They harass, threaten, and banish organizations that defend your right to self-governance. To perpetuate their power they foster rampant corruption in your courts and your economy and terrorize and even assassinate journalists who try to expose their corruption."
Funny how these comments could apply either to the U.S. or Russia.
You buy up bonds, while Bernanke is laughing at you. What happens when the Fed owns 50% of outstanding bonds, then 60 and 70%? Did you miss the inflation expectations ramp up in commodities yesterday? Bonds where will you be at when gold prices go to $2,000?
True, but you won't see that in the media. You will still see the Steve Liesman's of the world bowing down before the altar of the Federal Reserve. Fed press conferences don't allow for tough questions.
I don't think so. It was a faux move in the bond market today, engineered by the Fed. The fact that we're looking at QE infinity now instead the end of the QE should have trumped any consideration of the growth downgrade. The bond market should have been puking, but it was rigged up in price, down in yield. The Fed basically bought themselves a one-day head fake. Be prepared for yields to continue their rise.
Gold, reacted to the dollar weakness and fall in interest rates, which was engineered. To think that the market put the 10 yr. at 2.7% is nonsense. It was a bazooka/collusion move by the Fed to give the impression that QE is working, which it is not. They were able to buy the movement down for a day. But that's not going to last.
Disagree. Fed just used the bazooka today to rig the yield down in order to confuse the markets.