Bernanke Central Planning UnLP Rejoices As It Sends ES Surging In Last Print Of Day, Dow Closes Green

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Wed, 02/09/2011 - 17:18 | 947537 Temporalist
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And the DXY was only down $.40.  Happy days!

Wed, 02/09/2011 - 17:18 | 947538 redpill
redpill's picture

Phew!  That was a close one! ;)

Wed, 02/09/2011 - 17:38 | 947591 Michael
Michael's picture

The Fed has only one mandate, create the illusion of confidence.

Subjective mindset will meet objective reality soon enough.

Wed, 02/09/2011 - 17:46 | 947613 SheepDog-One
SheepDog-One's picture

I sure hope youre right, because this daily market orgazmatron fest is making me ill and giving me a 24/7 migraine.

Wed, 02/09/2011 - 17:19 | 947539 Fidel Sarcastro
Fidel Sarcastro's picture

Yup -- bought 16.25 & cheered the manipulation to 1320.00.  It's cRaZ.

Wed, 02/09/2011 - 17:19 | 947544 gimli
gimli's picture

Shaddup and buy the fuk'n dip

Wed, 02/09/2011 - 17:20 | 947546 Turd Ferguson
Turd Ferguson's picture

Wow...and no end in sight, either.

Don't be short anything that is denominated in dollars. Period.

Wed, 02/09/2011 - 17:23 | 947554 tmosley
tmosley's picture



Wed, 02/09/2011 - 18:44 | 947772 william the bastard
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Two boring gold pimps have a small circle jerk.

Wed, 02/09/2011 - 20:43 | 948021 tmosley
tmosley's picture

Normalcy bias.  Not everyone has sex with multiple male partners every day.

Wed, 02/09/2011 - 17:26 | 947560 topcallingtroll
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I'm itching to.short silver again. It is in the resistance zone.

Wed, 02/09/2011 - 17:32 | 947576 hambone
hambone's picture

Au contraire - I actually bought TZA at close yesterday and watched and nurtured it all day to sell it at the ripe profit of 1.5% (this after probably losing 9999% in previous episodes of TZA).  Lucky I sold when I did come it came crashing down at the close.

Bottomline, probably best not to mess w/ the Russell.

Wed, 02/09/2011 - 17:22 | 947553 hambone
hambone's picture

ZH must simply accept the market is no longer a "market".  It is a policitical tool to build confidence and pass along subsidies to owners of companies and their shareholders.  End. of. Story.

We accept it of other "lesser" nations...just understand we are now a lesser nation and it all makes sense.

Wed, 02/09/2011 - 17:50 | 947631 nonclaim
nonclaim's picture

It is political but no less criminal: Fed/Treas/Gov trio is buying everything with *your* money. And you have to pay interest too, to them!

The money may be fiat/fake but the assets they are buying are real. Even if the market crashes and the dollar goes to zero, the companies and employees are still real and it is theirs to keep. Until a revolt breaks out, that is...

Wed, 02/09/2011 - 17:58 | 947660 hambone
hambone's picture

Morally repugnant, wrong headed, yeah. 

Criminal?  When you're the king, you make the "rules".  My guess is the Feds activities would not be found "criminal".  They would be allowed in a time of national crisis or simply deemed within the Feds mandate. 

You have to have stable law and justice to determine something is criminal.  Show me anyone (beyond Madoff and non sanctioned Ponzi's) who's actions have been found criminal.

Wed, 02/09/2011 - 18:17 | 947717 nonclaim
nonclaim's picture

When you're the king, you make the "rules".

I'd say "While you're the king...".

But yeah, financial crimes are worth it, that is established. But still a crime it is.

Settle for a tenth of what you got and get banned for life from trading, really? How harsh a punishment...

Wed, 02/09/2011 - 18:26 | 947729 hambone
hambone's picture

"While" you're the king... Excellent point.  Somebody(s) may end up losing his head over all this if history is any guide.  However, a population as complacent and unaware as America's isn't likely to figure out the real villains vs. ready served scapegoats.

There likely is not going to be any justice in this life.  Maybe so on the second lap around.

Wed, 02/09/2011 - 17:25 | 947556 buzzsaw99
buzzsaw99's picture

I have much more confidence in our markets comrade.

Wed, 02/09/2011 - 17:26 | 947561 Hedgetard55
Hedgetard55's picture

Actually, that was Harry and Hamy buying the dip at the end of the session.

Wed, 02/09/2011 - 17:31 | 947564 MrTrader
MrTrader's picture

Buy 50.000 ES contracts market at every single tick you can imagine. You can be the greatest IDIOT alive, have no understanding in underlying econometrics and you will make a killing. The IDIOTS at investment banks, mutual funds and hedge funds care about the rest. They are Ben Bernanke´s great followers. Bonuses and awards received easily for a no brainers work!!!!!

Halleluja in risk free land! Question: why so complicated, Bernanke? Why not organize a hand out of paper money directly at the New York FED????

Damn, I need my new Ferrari !!!!

Wed, 02/09/2011 - 17:29 | 947566 Spaceman Spiff
Spaceman Spiff's picture

Remember, remember! 
    The fed member, 
    The Printing treason and plot; 
    I know of no reason 
    Why the Printing treason 
    Should ever be forgot! 
    Bernanke and his companions 
    Did the scheme contrive, 
    To blow the dollar and stocks
    All up alive. 

Wed, 02/09/2011 - 17:30 | 947567 Walt Whitman
Walt Whitman's picture

Stick save, bitchez!

Wed, 02/09/2011 - 17:30 | 947570 notadouche
notadouche's picture

Oh man I can't believe the last minute moves upward and what's more annoying is that damned over the hill camel nose Maria Bartiroma doing a cheer and waving her pom poms.  She is the  Forrest Gump of financial "reporting" 

Wed, 02/09/2011 - 17:40 | 947598 topcallingtroll
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Hey! Dont you dare insult my one true love! Ahh...Maria!

Wed, 02/09/2011 - 18:01 | 947671 mynhair
mynhair's picture

(sounds of puking in the background)

Wed, 02/09/2011 - 17:31 | 947573 b_thunder
b_thunder's picture

Utterly and criminally manipualted market?   Yes.  But with what precision!   Sack and HFTs are definutely "learning."

Wed, 02/09/2011 - 17:37 | 947586 IEVI
IEVI's picture

If anyone can't see that the equity markets are reacting to the effects of bubblenomics, then they are blind. Like all bubbles it will pop. With many of the shorts eliminated (see the explosion when it finally blows it should be extraordinary.

Wed, 02/09/2011 - 17:37 | 947589 SashaBelov
SashaBelov's picture

Well, who's buying? Guess fed cant do it itself. Are PDs exposing themselfes to next market crush - because unless they bid to every single ask made by those still in the market and that means forever on everyday more overpriced level... imposible unbalanced game by definition.

Wed, 02/09/2011 - 18:02 | 947678 randocalrissian
randocalrissian's picture

IMO it goes like this:


PD1 buys for $1 sells to PD2 for $2

PD2 sells to PD3 for $3

PD3 sells to PD4 for $4

PD4 sells to PD5 for $5

PD5 sells to retail investor for $6

PDs 1-5 short everything at $6 and market goes bidless

PDs 1-5 cover at $1, wiping out retail.


So long as retail never again enters the picture (you know, on a big scale) the market HAS to keep going up, and PDs and everyone in it benefits, since there will be nobody there to get burned by the hot potato and each sequential transaction passes along more wealth.  It's a transparent pyramid of infinite width so it never reaches the peak until retail puts their head on the block.  Let's hope everyone stays out for as long as possible.

Wed, 02/09/2011 - 18:05 | 947687 buzzsaw99
buzzsaw99's picture

So long as retail never again enters the picture (you know, on a big scale) the market HAS to keep going up...


Wed, 02/09/2011 - 17:39 | 947594 Trimmed Hedge
Trimmed Hedge's picture

I understand it can be painful to realize a loss, but perhaps it's best to just cover the short, already....

Wed, 02/09/2011 - 17:39 | 947596 Rainman
Rainman's picture

Whatever this closing move is, it plays more reruns than I Love Lucy.

Wed, 02/09/2011 - 17:42 | 947602 Wheatman
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If the HFT boys are winning, who is losing in this market? Does anyone lose? I stayed long for the 2:15 express and got a green win, but who piad me?

Wed, 02/09/2011 - 17:49 | 947626 monkeyfaction
monkeyfaction's picture

I guess anyone that owns dollars but isn't invested in the stock market is paying you.

Wed, 02/09/2011 - 17:43 | 947606 simpleminds
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Note to self...if market still down 15 minutes before close...put in stop limit order to buy ES just above recent high...exit on close...payday

Wed, 02/09/2011 - 17:46 | 947610 RobotTrader
RobotTrader's picture

The news on WFMI is proof positive that the consumer is happy again and willing to spend.

Why is that?  Because the PigMen have successfully slammed oil back down again (using paper of course), and have capped gold to staunch the fear of inflation.

More proof that you cannot fight City Hall.  Never bet against the house.  The PPT can move any stock or commodity with huge boatloads of paper contracts with ease.

They got oil today.  Tomorrow, they will start attacking the grain speculators.

Anything and everything will be pulled out to keep the U.S. consumer happy and spending money.  That way, it will be impossible to have any sort of riots here which Gerald Celente and other gloomers are predicting.

And based on how the FXI is trading, The Bernank is taking note and he's getting a hint that he can NEVER raise interest rates like the PBoC is doing.

So it appears that the U.S. Consumer is once again ready to overtake the world and allow all the creditor nations to start ramping up production to start producing toys and crap for us to buy.

Wed, 02/09/2011 - 17:50 | 947632 topcallingtroll
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Yeah! More crap! USA! USA! USA!

Wed, 02/09/2011 - 17:54 | 947643 tmosley
tmosley's picture

They've only got ten little fingers they can jam into that dike, and the water is already up to their waist.

If they are gong to push grain down, they better do it quick before they lose the rest of the Middle East.

Wed, 02/09/2011 - 18:03 | 947683 mynhair
mynhair's picture

Push grain down, with roads closed in the mid-fly-over due to icing.

Wed, 02/09/2011 - 17:54 | 947644 MrTrader
MrTrader's picture

China, Japan, Germany, UK, Russia and Middle East countries made a large mistake when the US banks were bankrupt: they should have liquided all Treasury Paper and bring the US down on its knees!!!!! Now, uncle Ben has inflated all assets and there is no doubt: this idiot of a central banker is going to win the deflation=> inflation game! For the other players like China, Germany and others: well, somebody needs to produce the goods for the citizen of the US, isn´t it?

Wed, 02/09/2011 - 17:56 | 947653 AccreditedEYE
AccreditedEYE's picture

The PPT can move any stock or commodity with huge boatloads of paper contracts with ease.

All except CSCO. :)

Wed, 02/09/2011 - 18:13 | 947704 lieutenantjohnchard
lieutenantjohnchard's picture

old catfish mouth robo uber bull bear wanna be is at it again. shameless she shills the bull case after 8 trading days ago waxing eloquent whether the top was in. and day before yesterday telling us the bull case for oil and gold. now she tells us that we ought never fight city hall.

question is did she learn not to fight city hall today?

well one thing is for sure. gentleman jim sinclair is back to being a gold fool again in her eyes.

the good news is that old catfish mouth will change her mind tomorrow, and make him a genius if gold gaps up. guess it's a girls right to change her mind.

sigh ......

Wed, 02/09/2011 - 23:22 | 948352 Ludwig Van
Ludwig Van's picture


Junked @ churlishness.


Wed, 02/09/2011 - 18:24 | 947725 papaswamp
papaswamp's picture

"Tomorrow, they will start attacking the grain speculators."

Yep...corn is up 95% YTD time for a whack. Huge number of idiots loaded into CORN ETF today. They will get slaughtered.

Wed, 02/09/2011 - 18:30 | 947736 newworldorder
newworldorder's picture

Why pick on Robo here.

Whether his call is accurate or not on grains is really not the issue. His main assertion is directionally correct. Namely that the FED/Treasury/PD  are directionally able to control markets. The consumer must spend or the system comes to a halt. I may not like it, but there it is. Not much we can do about it.

Wed, 02/09/2011 - 18:49 | 947784 lieutenantjohnchard
lieutenantjohnchard's picture

respectfully, newworldorder, robo said the opposite a week ago that the fed/treasury/pd are able to control the market. robo also made the case for an oil and gold skyrocket - this week. now he's going the other way. he is consistently inconsistent, changing with the wind.

tomorrow, if the market drops robo will change directions and blow with the wind. mind you, robo doesn't believe his own writing. robo is - in his words - only 30% invested. so robo doesn't even take robo's own advice, nor act on the premise that the fed/treasury/pd control the market. if he did he'd be all in.

Wed, 02/09/2011 - 21:44 | 948107 Zero Govt
Zero Govt's picture


I haven't junked you but just to say that post was junk. Anyone imagines 'Town Hall' controls any stock market just doesn't know their history nor what a bunch of Ronald McDonalds Town Hall is.... name one single topic they are good at?

..."fuking things up" is not acceptable as an answer BTW  

Wed, 02/09/2011 - 17:48 | 947621 topcallingtroll
topcallingtroll's picture

what if we do touchdown for a perfect landing? Maybe in five years horizontal fracking will drive world oil prices down just like it did for usa natgas. Russia and venezuela go bankrupt. Democracy and enduring peace break out in middle east. Afghanistan becomes the world leader in base and precious metal production. What if we really do grow our way out of this shit and cut our trade deficit 25 percent just by oil price drops alone? I know i shouldnt be drinking the kool aid, but it tastes so good. Not all black swans are bad.

Wed, 02/09/2011 - 18:33 | 947744 oldmanofthesee
oldmanofthesee's picture

Shit, Troll. You guys had finally convinced me to load up on gold at $1360! What the heck do I do now?

Wed, 02/09/2011 - 17:49 | 947627 firstdivision
firstdivision's picture

Today's price action reminds me of this past summers.  Always pumping it in the last hour, seems QE3 is starting to get priced in.

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