Anyone scalping the FTSE Futures??

[SuddenDeath]

Bernanke said rate hikes start at unemployment 6.5%, it went from 7.3 to 6.7 in 2 months. Its wont be long before the threshold is reached.
This is why the 10 year is over 3% yield.

thats a huge drop.

did he really say it like that he is usually a bit more inscrutable (if thats the right word)

 

[postman]

This is a pre prepared quote from Blomberg put out at 13.39 ...
"The unemployment rate dropped to 6.7 percent, the lowest since October 2008, as more people left the labor force."
Unemployment rate fell as more people left work ???? Do they read what they write before publishing???

 

[SuddenDeath]

good article


The minutes from the latest meeting of the US Federal Reserve (Fed), when it decided to reduce the pace of its monthly quantitative easing (bond purchases or QE) by $10bn to $75bn, make clear the Fed’s resistance to applying mechanical rules to running down QE.

We have escaped the sell-off in long-dated bonds that followed Chairman Ben Bernanke’s “tapering imminent” warning last spring, and that absence of fear is likely to embolden the committee to trim further. Consensus expectations are for further reductions of $10bn over the next six meetings with a final $15bn in October.

But we continue to believe the Fed means what it says – further reductions will depend on data and whether it continues to see a marginal net return from QE, which a few members believe is nearing exhaustion.

In any case, the Fed’s main policy weapon from now on will be ‘forward guidance’ – doing whatever is necessary to convince people that rates will stay low until the economy returns to normal.

Important nuggets of information emerged from the 25 pages of minutes and forecasts:

• Growth is now considered to be more stable and its outlook is improving, although concerns remain that fiscal policy is a drag and core annual inflation of 1.1% is too low.

https://blog.coutts.com/2014/01/09/what-next-for-qe-and-us-rates/

 

[paszkman]

This is a pre prepared quote from Blomberg put out at 13.39 ...
"The unemployment rate dropped to 6.7 percent, the lowest since October 2008, as more people left the labor force."
Unemployment rate fell as more people left work ???? Do they read what they write before publishing???

maybe the are confused with the participation rate..you are only considered unemployed if you are actively looking for work..

 

[SuddenDeath]

This is a pre prepared quote from Blomberg put out at 13.39 ...
"The unemployment rate dropped to 6.7 percent, the lowest since October 2008, as more people left the labor force."
Unemployment rate fell as more people left work ???? Do they read what they write before publishing???

this sort of stuff makes me avoid the cnbc/bloom, chinese business tv is good

 

[postman]

I'm short FTSE again @ 6750. Its a down week all round.

 

[SuddenDeath]

the us10 yr had risen in yield too far, this breaks the back of them

 

[postman]

this sort of stuff makes me avoid the cnbc/bloom, chinese business tv is good

Yes - France 24 is surprisingly neutral and RT is so far the other way .... They even have disclaimers before Max Keiser's program saying his views dont reflect those of the channel.

The US 'business' channels are there to push the view the markets want you to hear.

 

[SuddenDeath]

jim cramer "I have been breeched many times"

 

[SuddenDeath]

Yes - France 24 is surprisingly neutral and RT is so far the other way .... They even have disclaimers before Max Keiser's program saying his views dont reflect those of the channel.

The US 'business' channels are there to push the view the markets want you to hear.

keisers and his predictions for gold/silver make him look like a fool.

 

[postman]

keisers and his predictions for gold/silver make him look like a fool.

Yes, and by association zerohedge looks foolish, by the way they quote him every other day.

 

[SuddenDeath]

I'm short FTSE again @ 6750. Its a down week all round.

3rd jan close (last friday) was 6730.6

dow friday 3rd close was 16,469.99 can we say 16,470

 

[postman]

keisers and his predictions for gold/silver make him look like a fool.

Yes, and by association zerohedge looks foolish, by the way they quote him every other day.

If you do a google search for Max Keiser it says people also search for "David Icke" ... just saying... :whistling

 

[SuddenDeath]

so many times dow unable to hold strong levels

 

[hereward the wake]

3pm reverse do you think?

if so 9460 on the dax

 

[postman]

Min downside on FTSE 6600, Dax 9300. Sell now and take a looooong weekend.

Who thinks this is a buying opportunity???

 

[SuddenDeath]

a bad weekly close for us markets sets up more pain next week.

 

[hereward the wake]

Who thinks this is a buying opportunity???

I don't know ... if you take out all that nfp nonsense from 12 - 3 we are still in the same range (dax)

 

[postman]

I don't know ... if you take out all that nfp nonsense from 12 - 3 we are still in the same range (dax)

And when the Dow doesnt go back up this time ?

 

[hereward the wake]

And when the Dow doesnt go back up this time ?

I'm still bullish