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It's a good thing people have lots of confidence left in this market.
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Martial law is issued on Wallstreet. The militairy is setting up camp at the CITI and BAC terminal stations. Snippers are posting in the GS lounge.
...and confidence in corporate America:
http://www.bp.com/liveassets/bp_internet/globalbp/globalbp_uk_english/ho...
...and our elected officials, too:
“We have learned something important since the days that I served in Vietnam,” Mr. Blumenthal said to the group gathered in Norwalk in March 2008. “And you exemplify it. Whatever we think about the war, whatever we call it — Afghanistan or Iraq — we owe our military men and women unconditional support.”
There was one problem: Mr. Blumenthal, a Democrat now running for the United States Senate, never served in Vietnam. He obtained at least five military deferments from 1965 to 1970 and took repeated steps that enabled him to avoid going to war, according to records.
The deferments allowed Mr. Blumenthal to complete his studies at Harvard; pursue a graduate fellowship in England; serve as a special assistant to The Washington Post’s publisher, Katharine Graham; and ultimately take a job in the Nixon White House.
Add Warren Buffett's famous relationship with Graham and one wonders if WB and Blumentahl are BFF.
You're looking at this wrong; Blumenthal is quite consistent in his views.
Blumenthal is solidly behind those serving on the front lines. Very solidly. And very, very behind. Thousands of miles behind. But solidly behind them.
No, this isn't The Onion. Two headlines from MSNBC
"Consumer Confidence Hits Highest in Two Years"
and
"Stocks Fall Prey to Fears of Global Meltdown"
(if they weren't serious, they'd be genius)
lol
I'm still trying to figure how we're gonna maintain home prices and at the same time make homes more affordable.
Whaddaya mean, that's easy. Shrink the currency. It's just a number.
even God can't make a house so heavy he can't lift it
Well just double median wages -- simple!
How do you ask? Well I think we should double the minimum wage, and pass a law mandating a 10% annual wage hike minimum every year for the next 7 years. I'm sure that would work out well.
1984 is here.
But ZH is up and running. The revolution will be blogcast.
Barely. This server goes down more than the NYSE.
I'm betting this stays "broken" until right about noon when the Europe markets close, when Europe's on going problems suddenly disappear for the day.
System held up until Fed money truck arrives. Please stand by. Message....have stocks in the NYSE ... dont expect to get out when you need..your blood sacrifice is required by the banksters. They exchange is a joke anyway and confidence and trust in it will be diminishing daily.
It's amazing the Dow went up 47 points in that 22 minute volume blackout. Freakin' awesome! Buy! Buy! Buy!!!! (Sorry, I was channeling Harry W.)
What's up with the ZH server?
http://www.zerohedge.com/content/donate-zero-hedge
or buy a hat
Typical. Throw money at the problem.
Nevermind the issue, clicking ads is another way to help ZH.
The server downtime was caused by one of ZH's hamsters falling off its wheel.
how will it take for the traders to rush the guy with "the order 66 button"
They are desperately trying to prop the bank shares today from total collapse. Shorting JPM and GS are a given right here as the prop scam will not prevent these shares from falling well south of where they are now. Just a matter of time. FAZ and SKF are the ETF's to use to punish these crooks. SKF more so for JPM and GS.
Banks' prop desks buying banks' stocks is masturflation. Not as good as the real thing, but will do in a pinch. GS up $2.45 today.
I'm off to see Santa Oz about this problem.
Has anyone seen my silver slippers?
They think can stop the sell off by shutting the markets down, PPT its getting desperate.
I have 100 pre-1981 pennies that says we finish green today...
Who wants some?
It's pre-1982 that are all Cu.
1982 is mixed, but you can tell by the mass--Cu pennies are heavier.
Human smarter than Algos. Sell in morning and buy back in afternoon. In between, Algos slow meltup. Stupid Algos.
Push futures down overnight in zero volume. Shut down the NYSE computers at the open to block any sell orders from going off. Scared money runs to the weekly Treasury auction as a safe haven, as soon as the auction is over, light up the HFT algos and drive the Dow to a green close.
Rinse and repeat.... see you next Tuesday !
They are doing everything they can, by hook or crook to gum up the works and make it impossible for momentum to happen on the downside. The problem is that it also stops momentum to the upside also.