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Asian Selloff Picks Up Where America Left Off
Asia greets February with a lot of red ink. Futures in the US are green... just because. If you are within camera distance of the 9th floor of 33 Liberty, we would love to know how many lit up offices/Bloomberg terminals are visible and churning away.
Hang Seng Futures down 1.8%
Shanghai Composite down 2.0%
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arrrgggg!
Hey Tyler. Not sure if you noticed, but Iran made a vague threat with a very specific deadline. It's linked on the front page of Drudge, but the server is slammed:
-AHMADINEJAD: 'Iran will deliver telling blow to global powers on Feb. 11'...
It's probably a good time to go long oil and short everything else before February 11. I don't know why, but I have a feeling Iran will tell me.
http://www.reuters.com/article/idUSTRE60U18R20100131?type=politicsNews
Are they going to tell us they have the bomb? That'd be my guess...
We're moving assets in to the region for a reason...
And not a very good one, I feel confident. What "assets" haven't we "moved into the region"? What novel provocation remains as yet unexpressed?
Preparing for provocation
"The US is dispatching Patriot defensive missiles to four countries – Qatar, United Arab Emirates, Bahrain and Kuwait – and keeping two ships in the Gulf capable of shooting down Iranian missiles. Washington is also helping Saudi Arabia develop a force to protect its oil installations"
Haven't noticed that these nations recently have been threatened by Iran. Could it be that they've been willing tools of our imperialism and our belligerence and that we're feeling that they're exposed because of it? I rather suspect so, eh? That what happens when week after week you threaten and bully people, you begin to suspect that at one point - perhaps the point when you actually attack them - that they won't sit still for it and will retaliate. Might it have been a better decision not to have been quite so provocative in the first place? Sure seems it. Maybe that's what a lot of people in Qatar, the UAE, Bahrain and Kuwait think also.
The missile defense is for Israel. They will probably strike soon. After Gates screwed the Pakistani pooch about a week ago a lot of stuff got moved up.
Take a few moments and learn about the SM3 Weapons Systems. Then take a map of the area and see that Iran-London is but a short distance, Iran-Tel Aviv is even shorter.
Our Marines, Soldiers, Sailors, Airmen etc are also in the area quite a lot. If Iran want to hurt Americans directly then we are ready. I think we had Theater Command somewhere where the Iraqis sent a missile towards them intercepted by Patriot.
I was a wee child when Patriots were viewed as a expensive bullcrap in a box and unnecessary in those days when it was first being developed. Now look at them, all growed up and doing good for the Nation.
I have sufficient Gasoline to run one vehicle for 6 weeks free and clear of the local gas station and threat of 12.00 gas/gallon. If you read this today, you have until 2-11 to buy Military Jerry cans and store 6 weeks gasoline necessary to get to work from your house divided into minimum weekly gallon consumption.
We are sufficently debt free to pay for approximately 18 dollar gasoline by the tankful each week. After that, they either have to pay us more money to go to work or stop going to work all together because net pay will be insufficient to cover basic gasoline use to and from work each week.
We also have concealed carry permit so that if I get robbed while attempting to buy a tank of 18 dollar gas.... well... we will settle it.
Nuts? Maybe.
We have been getting ready slowly and surely for years. There is a fight coming boys with Iran and it's been a long time coming since the Carter Administration.
There will be no war with iran, at least with the US directly involved. A war with iran would bankrupt the US and kill the recovery. $200 a barrel benefits no one. The US has larger problems on its hands, much larger than iran. Consider how fragile the US economic system has been for the past two years, any drastic move potentially killing the recovery could easily unsettle the $600 trillion otc derivatives shadow banking system. Forces greater than aipac and religious nuts believing in mythical abrahamic wars are at play here, believe it or not.
You are right. The greatest enemy that the US and their Nato allies have right now is lack of money. I read somewhere that it costs one million dollars per annum to keep a soldier in the field. That's an expensive legionary.
i agree. $200/barrel oil is coming some day but that might be the limit. other sources of energy will emerge and take price pressure off. the world cant run on prohibitively expensive energy...
I hate that term. It's a reminder of the slavery. The people are ASSETS to the powers that be.
6000 people fighting each other at one point in history determined the fate of the entire european landscape for years.
This has got. I'm so fucking sick of your shit, I'm swinging a cactus written all over it.
http://forum.bodybuilding.com/showthread.php?t=119496661
Good, now I do not have to buy that Valentine's Day present for the wicked witch in the next room.
Hang yourself Seng broke through 20K. I got a funny feeling about the engineered collapse I have been reading about on ZH. It is starting to make sense. I really think this Iran crap is a blame game story. It's headlined on Drudge. I'm glad I found out that people can live on eating acorns and other tasty crap.
What, you think Admedinejad is being paid under the table by the CIA to say silly things that will spook the stock market? Sounds like tin-foil-hat nonsense to me.
Given the number of their own citizens they've been murdering lately in retribution for the demonstrations, I really do not put anything past the Iranians.
Believe what you want about an engineered collapse, but don't doubt for a second that the Iranians are every bit as crazy as people say they are.
Actually, I think the Iranian people are awesome. Chicks are hot too. I don't blame them, like I don't blame the guy who works in Goldman's mail room. I blame the assholes at the top.
Right. I was referring to the leaders as well. Obviously the people of Iran aren't running the show.
"Obviously the people of Iran aren't running the show."
Just like my good old USA ;-)
Yeah, funny how our ruling class in the wake of their determined resistance to the idea of justice for acknowleged, homegrown torturers, gets up on its high horse about insults to liberty elsewhere.
Why do you assume they are "Crazy". Iran has never invaded or offensively attacked any nation in 300 years. You really believe the bs coming out of the news casters' mouths.
Sure - they are an authoritarian country, etc, but they are not crazy.
maybe you could provide a link with verifiable numbers of people being "murdered".
The ousting of the iranian government as it stands today will result in a situation like Iraq after saadam. The country will be weakened and destabilized, their resources looted by the few.
remember Ahmadinejad was accused of being involved in US Embassy take over...supposedly there is a big chunk of Iranians who actually thought Embassy takeover was a CIA instigated affair and Ahmad. was thus connected with them...But earlier it is factually known CIA took out Iranian's nationalistic leader Mossadeq and propped up repressive Shah instead, so can't quite figure out why they then would foment revolution...but hey, if AIG is a CIA front...who knows...
Yes, there was an accusation that Ahmdinejad was one of the Embassy people. It was later disproven.
Seriously, we know the Iranians are nutty. They act almost as crazy as North Korea. They do not need any participation of any other entities outside of Iran, CIA or what have you, to motivate or justify their actions.
I don't think it was ever disproven.
Western gov'ts decided it was not in their interest to push the story, that part is true.
Would like to see a link to the contrary, if you have one.
I would use the adjectives repressive and aggressive for both Iran and NoKorean leadership..nutty connotes they have no rational, premeditated, selfish reasons for what they do and that what they do is stupidly against their own interests...don't like what they are doing, but repression is not necessarily crazy, just wrong and mean.
The accusation was by one of the people tortured. But really, does it matter? Ahmadinejad is just another puppet for the religious institiutions.
If he was there, he certainly wasn't one of the people in charge. He was only 22 years old.
you are probably correct about ahmadinejad....
the cia has deep deep roots in iran....
remember that the so-called i hate the usa
clerics freed the 53 hostages at precisely
the moment that ronald reagan was inaugurated...
that was a deal put together by a "certain
mr george bush of the cia" ( quote from
j edgar hoover after debriefing bush on 11/24/1963
the murder of jfk..)
bush was in paris and switzerland in october 1980
putting together the arms for hostages deal...it
was all the more interesting to bush because
it would fuel the iraq-iran war which was in
progress (or about to start)....bush's business
partner, saddam hussein, was supposed to win
the war in order to bring a pipeline through
asia but that never went anywhere...it was also
a factor in the invasion of iraq, afghanistan,
and yes pakistan....but alas there is so much
more to the story than just pipelines...
don't let the cia ops on this board misguide
you...the "proving" of the story false by the
newsfakers is proof of nothing but cia control
of the press....
And who will verify what he said? And to answer your question - could very well be. If there is a benefit to him, why even pay him. His country is in deep shit economically. If he can get a bonus from this, why not just play along with Barry Obama. 2 Muslims just doing their thing.
the war between iran and the usa is another
farce brought to you by the cia....
it is as contrived as the foolish bullshit about
the eternally ephemeral and never seen but all powerful
bin laden...
and yes the relationship between the cia and iran
is that close....just like oswald was in the ussr
in 1960 to provide intelligence to the soviets
in order to take down gary powers' u2....can't
have any detente now can we guys?
yes folks, the cia plays both sides of an issue
because that is what its masters require in order
keep permawar and the smell of agent orange, anthrax,
or any other form of terror alive in the good old
world of the military industrial complex....
the christmas bomber incident?....that was a cia
operation to scare obama into ponying up more
men and money for war....the fuck was being given
a warning shot to stay on the reservation or
watch his haystack administration go up in flames....
same thing happened to clinton with the lewinsky
affair and the murder of vincent foster...
i am not sure that the cia wants a stock crash
at this point but it is well within its powers
to engage its vast network of newsfakers to
conjure up such a scare....what it wants
is a war in iran or somewhere in the middle east....
9/11 was a complete cia op....
www.ae911truth.org
Mr. Glover,
Mel brought the crazy in those Lethal Weapon flicks ... guess it is only fitting that you bring the crazy now.
In case you are serious about foraging for food, this will come in handy: http://www.hort.purdue.edu/newcrop/faminefoods/faminefoods.html . I am a big fan of planning ahead.
One thing about those Chinese, they do know math.
I have this picture in my head of Bernanke seating himself next to the Asian guy at school so he can peek at his answers.
he's an american that got a PhD...he has to have been an affirmative action token quota fill so not everyone in his grad school was a foreigner...
All kidding aside, to be honest, he got high SAT scores, and learned calculus on his own.
What gets me is how can someone like him get things so very wrong?
The Chinese at one time, were controlled by a hierarchy that lacked much of the education that is really necessary to succeed at the numbers game. Go back to Mao and his 'Great leap forward' and the 'Cultural Revolution'.
Both were abject failures in policy that caused much suffering from famine and poverty.
It will be interesting to see if this time, the Chinese know what they're doing, because now the reverse seems to be happening, where the West seems to be lacking on the numbers game and is flailing on their own version of the 'Great Leap Forward'.
To answer this question: "What gets me is how can someone like him get things so very wrong?"
Just because someone is smart, or considered smart, does not make them the fountain of all knowledge. All that crap math he was putting out was just a "baffle them with bullshit" smokescreen. Most things in life do not have a mathematical explanation. I guess he never figured that out.
Yeah, life does not care what the model says when you drag that cell out to column J.
Its just the illusion of control we are after.
I got 20 points less than him on the SAT and learned calc on my own, and I fuck things up more than anyone I know.
He only 'got things so very wrong' if you believe the job of the fed chairman is to disseminate truthful information.
If, however, you believe the job of the fed chairman is to 'quiet the herd', soothe nerves, and try to manage sentiment, well - then you might have an answer as to why he was re-appointed despite multiple well-documented mis-calls.
Actually, there is a part of me that sometimes believes that he realizes the box we are in has no exit, and he is just trying to keep the wheels on the cart as long as humanly possible before the collapse. However, his contributions to the problems we are in make it hard to feel pity.
+1
What gets me is how can someone like him get things so very wrong?
Because he believes his equations make it a hard science as opposed to the soft science it is.
He's not an idiot; he's just being controlled by the CIA. Didn't you read the 911truth comment up above?
Supposedly he had near perfect IQ scores however common sense intelligence is far more important to have than raw mathematical ability. Some people are just born with the natural ability of numbers on the brain. And although their mind collates numbers easily in their mind and they perform well on tests common sense or anything logic or intuition based escapes them.To encounter raw intelligence with so many capabilities along the lines of a Jefferson is rare indeed. Look at Tesla. The most brilliant brain of all. He was also one of the worst business minds around and died penniless feeding pigeons.
OBernanke is an idiot.
Blankfein swears no one can pump gas like BB can. Time to fill her up & watch GOLD fly!
Agree 100%. And Tesla was way ahead of his time, so far that he was trying to invent things that are being invented now or in the recent past. It was a crime that he died penniless. Light years ahead of Edison in inventions but a terrible businessman.
I think some American Banker had something to do with that.... now which one was it? (Rhetorical question BTW)
ehhhhh, he's an economist. As can quite easily be determined, most Pd.D.'s in economics are often quite poor in math, just look at the Austrians.
This could get interesting if/when the Dow breaks 10k on the downside.
Hears to hoping. I've been waiting too long for this. Being the last bear standing bites.
this seems apropos - http://www.youtube.com/watch?v=SaHAvEEbQOE
The Aussie All Ords has sunk 1.11% and by the looks of it, Australia is about to enter our own housing crisis with interest rates on the way up. The RBA is in no doubt that a housing bubble is now in full swing here with the biggest house price jump in 6 years. This is going to get interesting as 45% of first home owners encouraged by government grants are now in mortgage stress – less than 12 months after the scheme began, and thankfully, has now finished. With stronger inflation numbers starting to gain pace, the wonder economy that escaped the global slowdown is not looking that flash after all.
Goldman has to be profiting from this decline.
I don't know about Goldman and I don't care, but I am profiting from this decline.
Could the Asian markets just be reacting to Friday's sell off? Maybe?? Anyone?
DXY is off by 5 cents. Sell the dollar, hold your nose and buy stocks.
Good luck with that.
No, you hold your nose and buy stocks. Thank you. I thought it was going to be hard to get short large, but there seems to be an abundance of people like you that want to buy my short sales.
what, this blog is turning out to be a bunch of morons now!
futures in asia are reacting to the US market on friday's action
jesus....this is the type of crap you see on yahoo
then go back to yahoo.
+1
Well the commenters at the very least. The smart ones are all trading long and short and have learned to be impartial and come here for the tidbits of important information and ignore the stupid shit unless we're quite bored, the one's who aren't smart enough to profit and have lost tons of money from this website's influence on their opinion probably have had to find jobs by now. :)
its best the ponzi stock market crashes big time so the moron idiot public will possibly wake up to the corruption that has been going on. Before world war 3. So maybe the idiot masses will wake up and try and say no to world war 3.
What a great way to take the woes of the economy off the front page; Lets Have A War!!!
"Never let a good crisis go to waste."- Rahm Emmanuel
Didn't the Hang Seng finish up? Nikkei up? Who's responsible for this? the CIA? GS? or are the CIA and GS working together to manipulate markets all over the world? What was the fed's role in the turnaround in Asia markets? the plunge protection machine, were they involved? I'm so confused. Could someone explain what is going on?
Markets don't "react" to anything any more. Clearly there are 'forces' at work because technicals, fundamentals, everything has gone out the window in the last 9 months except buying based on momentum. Hey, everyone else is doing it, what is the worst that can happen?
The first collapse was engineered, and the sooner we admit that to ourselves our chances for being prepared for the next one increase greatly. They have discredited almost everyone bearish by having the market rally for no reason for so long. Everyone who bought a stock in the last 6 months is unlikely to listen to anyone telling them the stock they currently own, that thas gone up 40% is overvalued. Why then is the Dow still 4000 points off its 2007 peak?, the sheeple will ask you... Good luck!
"...the market rally for no reason for so long." The reason the market rally was to allow market professionals to sell the stock inventory picked up in the decline into the March lows and then to sell short to prepare for the next decline, which is occuring now. The current decline is not over and I'm looking at the 1046-1050 level for a possible low for a bounce.
We should probably setup a webcam instead. May be useful later. The trick is finding a stable host. I wonder if Child services building will have friendly folks.
Why is the number of lights on important? tonight versus any other night? If I lived in NY, I'd run down and give you an answer. But I don't live in NY, and in fact, I don't care. So, I wouldn't run down to check if I lived in NY. Aren't people working the night shift every night?
Everyone is eyeing the door in this market. What does that tell you? When it starts to go down, it's going to be a mad, mad rush to the bottom....not everyone is going to fit through the door. If you are going to panic, panic early.
and don't be dumb enough to short treasury bonds.
But, don't necessarily hold them for too long either. Once the market panics and economic confidence breaks down forget about consumption ergo forget about foreigners buying more us debt or even being capable of holding onto existing us debt as they (ahem japan) start to face budget shortfalls.
Boogeyman
Trillion is the new billion which was the new million when talking USA national debt. Hell now their adding trillion every year!
Why do they even bother passing debt ceilings?
Anyway, if the Fed is indeed out buying futures and has been for some time, what do they do with them?
It seems like hey would be way underwater with those futures but if they ever sold them wouldnt it crash the markets?
Seems like a zero sum game. Besides they have countless other ways to steer investors to stocks.
I wouldnt put any thing past them, just wondering if this would be something they could do every morning as a sustainable method of propping up the markets.
UH, like yea; and how are you going to explain the fact that the Euro is up 53 against the dollar; whilst Wall Street Futures suggest that we may see a 100+ bounce today.
It is easy to get trapped in negativity, just as it is easy to get trapped hyper-bullishness.
I admire your general take on things, but I do think that you get caught out by over-stating some trends that are clearly not there. It is very possible that the ECB bank will be the first big bank to raise rates, (probably, once it has bailed Greece out), accordingly the blind Euro short, advocated by many on this blog does not make sense; indeed, if anybody had gone in short this morning, it is most likely that they would have been margined out by now.
Try for a little bit more balance.
redacted just to prevent a double post.
A "ceiling" is not really a ceiling if it keeps getting raised. It then becomes a floor.
As for Iran, a nation does not signal it's attack in advance. Achmadinnerjacket is going to announce they have found the well in which the 12th (or is it the 13th?) Imam is residing. Turns out it is an oil well, in Iraq.