S&P - how the presidents compare

[Luddly Neddite]

 

[Vigilante]

This will be beyond Ludites comprehension, but, MANIPULATION with FREE MONEY is the name of the game!

Its Settled: Central Banks Trade S&P500 Futures


Based on the unprecedented collapse in trading volumes of cash products over the past 6 years, one thing has become clear: retail, and increasingly, institutional investors and traders are gone, probably for ever and certainly until the Fed's market-distorting central planning ends. However, one entity appears to have taken the place of conventional equity traders: central banks.
Courtesy of an observation by Nanex's Eric Hunsader, we now know, with certainty and beyond merely speculation by tinfoil fringe blogs, that central banks around the world trade (and by "trade" we mean buy) S&P 500 futures such as the E-mini, in both futures and option form, as well as full size, and micro versions, in addition to the well-known central bank trading in Interest Rates, TSY and FX products.
In fact, central banks are such active traders, that the CME Globex has its own "Central Bank Incentive Program", designed to "incentivize" central banks to provide market liquidity, i.e., limit orders, by paying them (!) tiny rebates on every trade. Because central banks can't just print whatever money they need, apparently they need the CME to pay them to trade.

So the next time you sell some E-minis, ask yourself: is the ECB on the other side? Or the BOE? Or, perhaps, you are selling S&P 500 futures to Kuroda. Who knows: there is no paper trail anywhere, although a FOIA request and/or the discovery from a lawsuit, class action or otherwise, of the CME's central bank incentive program would likely yield some stunning results.
But the only place where "discovery" would be by far the most interesting, is for the CME to disclose just which central banks provide, or take such as at 8am every morning when one market sell order takes out the entire bid stack, the most liquidity when it comes to central bank trades in "Metals Futures Contracts (Physicals)."

Because imagine the shock and awe if and when it is uncovered that the biggest active manipulators of gold are not some junior-level traders out of Britain's criminal bank cartel, but the central banks themselves.
Finally, while the list above deals with international central banks "providing" ES liquidity, those wondering why the NY Fed is not on the list and just how the Fed's active trading team participates in the market without breaking the law, we have just one word: Citadel.
Source: Modifications to Central Bank Incentive Program. CME/CBOT/NYMEX/COMEX #14-038

 

[Youch]

Do you have a clue what Clinton did during that period? What he inherited? What was happening?? Who ran Congress at the time?? Of course not, you just post some bumper sticker.

Conversely, do you have any clue what 9/11 did to the economy? Of course not.

And what has Obama done? Play golf? What genius thing did he do?

The point is, Presidents have very little to do with the S&P or the DOW, despite their exo-Constitutional efforts to the contrary. To the extent that we still have a free economy, it still chugs along despite politics. NOW, YOU WANNA TALK ABOUT THE DEBT AND DEFICIT? LIBS ALL THREE OF THEM, THE LAST OF WHICH IS THE WORST BY ANY MEASURE!! Where is your bumper sticker for THAT?

BTW, I'd be very happy and willing to answer those questions for you, off the cuff even, if you ever pretend to give rats behind about facts.

 

[The Rabbi]

It is typical of libs to take one or two data points and try to extrapolate to something else. The S&P is not a proxy for the economy, which sucks. Most tepid growth post recession ever. Unemployment out the wazoo. Household income flat. People arent spending money. The stock market is going up because no good alternatives exist for investment. If interest rates were where they should be the market would be half what it is.

 

[EdwardBaiamonte]

It is typical of libs to take one or two data points and try to extrapolate to something else. The S&P is not a proxy for the economy, which sucks. Most tepid growth post recession ever. Unemployment out the wazoo. Household income flat. People arent spending money. The stock market is going up because no good alternatives exist for investment. If interest rates were where they should be the market would be half what it is.

yes, recovery from Great Depression was deadly slow, and from this recession too, because of liberal soviet interference. If there is a liberal soviet here who can show how inteference helps let him present his best example or admit, as a typical liberal, he lacks the IQ to do so and is merely a puppet.

 

[The Rabbi]

It is typical of libs to take one or two data points and try to extrapolate to something else. The S&P is not a proxy for the economy, which sucks. Most tepid growth post recession ever. Unemployment out the wazoo. Household income flat. People arent spending money. The stock market is going up because no good alternatives exist for investment. If interest rates were where they should be the market would be half what it is.

yes, recovery from Great Depression was deadly slow, and from this recession too, because of liberal soviet interference. If there is a liberal soviet here who can show how inteference helps let him present his best example or admit, as a typical liberal, he lacks the IQ to do so and is merely a puppet.

The argument always is, Thing would have been much worse if we hadnt done it.
That's a loser's argument. There is no proof for a contention like that. And the opposite is more true. James Grant showed the more government interfered in the business cycle, the less bad the recession, but the more anemic the recovery. And he wrote this before the last recession occurred.

 

[TEA Party Patriot]

Yeah it's over 2000 because Obama's banker buddies are getting kickbacks from their crony in the White House.

"Advice to right wingers: Memorize the first five words of the First Amendment."

What does this have to do with anything. There's still checks and balances on executive power. King Obama can't do whatever he wants.

 

[jwoodie]

How about Republican/Democrat control of the House and/or Senate and the delay effect? For example, Clinton took credit for a rebounding economy in the first quarter of 1993 even though none of his policies were in effect. The economy then stayed flat until the GOP took over the House and Senate. Comprende?

 

[EdwardBaiamonte]

Clinton inherited boom from Bush 41, Bush inherited bust from Clinton plus 9/11, Obama has produced worst economy and worst recovery since FDR despite inflated stock market.

Ludd lacks intelligence to be here.