Bonds Bid & Stocks Skid Ahead Of Taper Decision

Treasuries rallied from the pre-open release of inflation data this morning and never looked back (with 30Y unch on the week and 5Y -4bps). Stocks tumbled notably through the US open but recovered as Europe closed hovering quietly around VWAP all afternoon. The rally back in stocks coincided with a drop in VIX which smacked of hedges being lifted and exposure being reduced into the momentum-ignoted strength. Gold and silver saw weakness (though the latter is still +1% on the week). The USD weakened notably as Europe closed with some significant CHF buying. Stocks closed ugly…as VIX was significantly bid (up for the 5th day in a row).

 

VIX closed higher for the 5th day in a row – for the first time in 2013…

 

Stocks dipped from the US open, ripped from the EU close, then dumped at the US close…

 

JPY carry was not supportive at all… and correlations have broken

 

Anxiety is high and bonds were bid (especially after CPI)

 

as was CHF…

 

Gold ansd Silver jumped around the US equity open but quickly fell back (and notably appeared to drop into the low inflation print)…

 

Charts: Bloomberg


    

via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/1–R5eTZmas/story01.htm Tyler Durden

Bonds Bid & Stocks Skid Ahead Of Taper Decision

Treasuries rallied from the pre-open release of inflation data this morning and never looked back (with 30Y unch on the week and 5Y -4bps). Stocks tumbled notably through the US open but recovered as Europe closed hovering quietly around VWAP all afternoon. The rally back in stocks coincided with a drop in VIX which smacked of hedges being lifted and exposure being reduced into the momentum-ignoted strength. Gold and silver saw weakness (though the latter is still +1% on the week). The USD weakened notably as Europe closed with some significant CHF buying. Stocks closed ugly…as VIX was significantly bid (up for the 5th day in a row).

 

VIX closed higher for the 5th day in a row – for the first time in 2013…

 

Stocks dipped from the US open, ripped from the EU close, then dumped at the US close…

 

JPY carry was not supportive at all… and correlations have broken

 

Anxiety is high and bonds were bid (especially after CPI)

 

as was CHF…

 

Gold ansd Silver jumped around the US equity open but quickly fell back (and notably appeared to drop into the low inflation print)…

 

Charts: Bloomberg


    

via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/1–R5eTZmas/story01.htm Tyler Durden

Fayette’s missing puzzle piece

There are always plenty of issues present in Fayette County, from political to economic to lifestyle. And there is much to talk about in Fayette and the variable components wrapped up in its future.

Yet there is a missing component, in fact a significant component, which seems to always fly below the radar. This component is one of the issues being addressed in the ongoing Fayette Visioning Initiative.

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via The Citizen http://www.thecitizen.com/blogs/ben-nelms/12-17-2013/fayette%E2%80%99s-missing-puzzle-piece

Giving more than gifts this holiday

One of the things I love about this time of year is that it truly does seem to bring out the best in others.

Despite a stagnant economy, or perhaps because of it, I probably see more opportunities to give to charities than ever before. Whether it is the Salvation Army volunteers faithfully ringing their bells as a sign of the season, churches organizing holiday food drives, or radio personalities soliciting donations and toys, there really is a plethora of venues where one can give something.

And, inevitably, most of us do end up giving something during the Christmas season.

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via The Citizen http://www.thecitizen.com/blogs/bonnie-willis/12-17-2013/giving-more-gifts-holiday

Fayette Visioning initiative gains momentum

By Bob Ross and Trey Ragsdale

Even though Thanksgiving was last month, we are especially thankful this month for the efforts of more than 225 diverse citizens who stepped up to serve Fayette County in a unique capacity.

They participated in a variety of activities to launch a process that will span the next six months to define a Fayette County vision and accompanying implementation plan.

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via The Citizen http://www.thecitizen.com/blogs/robert-ross/12-17-2013/fayette-visioning-initiative-gains-momentum

Me and income ‘inequality’

In a Dec. 4 speech, President Obama declared income “inequality” to be “the defining challenge of our time.”

It is time for me to come clean; to own up to a dark secret I have been hiding most of my life. It is embarrassing to admit it, but I suffer from income inequality.

Yes, there are hundreds of thousands, perhaps millions of people who make more money than I do and it has affected my life in ways too numerous to recount.

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via The Citizen http://www.thecitizen.com/blogs/cal-thomas/12-17-2013/me-and-income-%E2%80%98inequality%E2%80%99

Christmas tree memories

Christmas is the time that we pack expectations into every package we wrap and for weeks anticipate that one, perfect Currier-Ives day.

And, of course, since any day is seldom perfect, there are varying degrees of let-down that trickle across the population.

For some people with high hopes, Christmas Day turns out to be melancholy. I realized this year, though, that there is one day of the Christmas season that never disappoints me. In fact, it is always warmer, more loving, memorable, and joyous than I expect.

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via The Citizen http://www.thecitizen.com/blogs/ronda-rich/12-17-2013/christmas-tree-memories

Some advice for the leaf burners

So, you do not want to pay for trash disposal and/or you want to burn items on a regular basis. Here are some of the guidelines you need to keep in mind:

Know all of the rules you are supposed to be abiding by, so you know what you have to do to appear not to be breaking any.

This one is important: Remember you and everyone in your household has to have the mantra of you are “only burning leaves.”

Make sure you have at least one pile of leaves somewhere on ground for proof they need to be burned.

You cannot think about anything, not the environment, other people, or yourself.

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via The Citizen http://www.thecitizen.com/articles/12-17-2013/some-advice-leaf-burners

Visioning study is good investment

An open letter to the mayors and councils of Peachtree City, Fayetteville, Tyrone, Brooks, and Woolsey, and to the Fayette County Board of Commissioners:

You have been or will be asked to contribute, on behalf of the taxpayers of your cities and the county, to the cost of the Fayette Visioning Initiative. I am writing to encourage you to provide that contribution.

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via The Citizen http://www.thecitizen.com/articles/12-17-2013/visioning-study-good-investment

Whitehead’s ‘cops and battle tanks’ is pure fluff

I am responding in regards to John Whitehead’s article on “Why do local cops need battle tanks?” The article was written on a pure liberal-pacifist level.

As a retired law enforcement officer with over 21 years of experience, I can assure your readers that Whitehead’s article is purely fluff with no substance.

Many of the items such as the MRAPs that he refers to in his article are being incorporated by Special Response Teams and SWAT teams throughout the country.

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via The Citizen http://www.thecitizen.com/articles/12-17-2013/whitehead%E2%80%99s-%E2%80%98cops-and-battle-tanks%E2%80%99-pure-fluff