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and guess where US futures are will all this wonderfuel news...up of course!
Of course! That's because of the news that we might tap the strategic oil reserve. Yeah, that should take care of it. Problem solved, stocks up.
The bullshit of hijacking the futures during the wee hourse will, literally, never fucking stop...ever. I went to bed at midnight when the futures were dropping at -41 DOW. By the time I woke up 7 hours later and dropped a turd in the porcelain, it was +40.
It's just a propoganda tool, period. Most people are watching the news in the morning and the opportunity to dupe them won't be missed.
It's so fucking bogus now that it literally makes you enraged and sick to even see it anymore. But, don't be naive of the shit-eating morons that don't know that it's being jacked. They are 'out there' by the tens of millions.
Boilermaker don't forget to add, don't let the reality it sink into you so hard that your stomach turns. That will only make it harder for you or anyone to look at the opportunities that lie ahead.
If we focus on being mad that the market has changed for the bad, it won't allow us position ourselves to make it our good.
well with the dollar falling. just about anything should go up...so stocks too. cash is the big loser.
Is there some reliable way to arbitrage that garbage? It annoys the crap out of me, and it seems predictable, and doesn't predictable mean vulnerable to arbitrage?
Drawing oil from the strategic reserve is not a solution to anything. It is a pathetic demonstration of how bankrupt our national energy policy really is. If the mess in MENA rages on for several months and spreads to Saudi Arabia, the oil in the strategic reserve could be sucked down in a matter of a few months. What then? Probably a war. The Republicans might just love that.
The very idea that stocks should get a bounce from this is sickening. The stock market is a goddam joke.
>>The Republicans might just love that.
Check your facts asshat. Which party starts more wars again? (Hint: WWI, WWII, Korea, Vietnam) It's not Left/Right it's people / banks.
Spare me the history lecture, nimrod. Since you brought it up, you might know from history that the US did not start WWI or WWII. The Korean War was actually authorized by a United Nations Security Council Resolution. The US did not start the Korean War, and it did not ever declare war against North Korea. Learn some history.
Gulf War = G.H.W. Bush (Republican)
Afghanistan = G.W. Bush (Republican)
Iraq War = G.W. Bush (Republican)
Speaking of banks, if you don't realize the Republicans are, by and large, the bigger friends of TBTF banks, your head is up your arse.
Republican , Democrat? What difference does it make?
I don't consider myself one or the other. Both parties are contaminated by lobbyists and special interest groups. I happen to believe Republicans are the bigger friends to TBTF banks and the military-industrial complex.
so the John says:"I happen to believe Republicans are the bigger friends to TBTF banks and the military-industrial complex."
well then it must be so!!
deep thinking in a tea cup.
I know Ron Paul (R) would take that as gospel.
Tea party wants less gov and gov debt, they run on the R side.
I hate both parties because they are ONE..
your R vs D is a waste of your time and ours.
hang with Snowball she is open to your blindness.
I am not waging a R vs. D debate.
Ron Paul is a Libertarian in Republican clothing.
FYI... belief in the Red Team vs. Blue Team bullshit will be promptly beaten out of you here so if you are married to it you best keep it well hidden.
Oh, and if you actually still believe in it at this point you're a kool-aide drinkin dipshit. Just sayin.
y'know, LowProfile, ya gotta' keep your head down, cuz when you get up on the skyline you can get a round through the ... oh ...,
Yes. I junked him for his bad "history lesson". Swiss Cheese...
I did not produce a bad history lesson to anyone.
I am not waging a R vs. D debate. I clearly stated I am not aligned with either party.
If you had watched when Paul Volcker and the Goldman execs etc. were each grilled by the US Senate, you would know if Republicans, as a whole, were more "friendly" than their Democrat counterparts.
Spare me the ad hominem attacks, LP. They are beneath the process.
It's only a matter of time before the banks start to pull the indexes down.
The only reason why haven't crashed yet is because the FED is buying.
Historically, banks always drop when silver and gold go up. That means every bank that doesn't offer a 10% div. minimum is doomed to drop.
Kind of like what happened with US Bank a few years ago. Too bad the shareholders only got to see the dividend get cut to next to nothing shortly after the yield passed 10%.
well you see, barry shot a 3 under on the back 9 at andrews.
thats why the /es is up
But when will we tap the strategic hopium reserve?
The drain line on the hopium reserve is sucking air-sorry,all out of hopium! I mean,really,what can they point to and say "look how well we are doing". All indication's are for stormy weather ahead
Going to party like it is 2008!
So how long to the inevitable margin compression on corporate profits, consumer spending hitting the wall, and real estate crash. In that order.
I mean subprime and the idiotic mortgages underwritten in the 2000s were a big part of the financial blow-up in 2008, but the match that lit the fuel for the fire was when bubba saw his mortgage payment increase at the same-time he was paying twice as much to fill his SUV and his company was seeing their profits destroyed by fuel cost.
You're bitter because you failed to BTFD.
I read earlier about the impact of the rising oil price since 2009 on the major currencies. An yes you have guessed it those in the US look like they are most affected. But do not worry as Ben Bernanke promises us he can deal with it!
For those interested "The rise in the oil price since the beginning of 2009 in different currencies" was written by the economist Shaun Richards and can be found on http://t.co/IzRVQN5
The silver fairy came again last night. I love it.
So, the global flight to quality might not be a global flight to the dollar this time? Could it be a global flight FROM the dollar? I've on the silver train "a little late" but all this means is that I got a crappy seat on the flight to safety... which is still safety.
I'm still worried about deflation though... biflation sounds even worse... triflation OMG!
Maybe the euro masters need a upward revaluation of their Gold reserves this coming quarter - they seem unwilling to expand their balance sheet by more unconventional means.
After the entry the dollar can rally again.
And on and on it goes......... where it stops nobody knows.
I'm watching this closely.. (2) things happening.
1. The DXY is at a very strong trend line support
2. Fiber (EUR/USD) is at a weekly resistance line.
These two could halt the USD slide and we should see in the next day or so if the USD had a bounce left in it..
I still the PM's and Commodities will rally against both (or all) currencies if need be..
"... if the USD has a bounce left in it..." = S T F B
Judge Judy is itching to play the nob spread today.
I'm beginning to cheer for a release of strategic reserves and S&P to 2,000...I'd love to BTFD in oil and really see the last gasp of Fed-induced oxygen being squeezed out of the S&P before going short.
Great job, The Ben Bernank. You are well on your way to destroying the US Dollar and starving people all over the world... just so fools in Washington DC can rack up even more crippling debt.
Louis Cyphre looks forward to meeting you. You are getting the VIP suite.
I wonder if Ben had to wipe his chin this morning after blowing the futures all night, again.
Look, I love head...don't get me wrong. But even I would probably take a break every once in a while.
This is <again> fucking absurd. Another +90 point future swing in the wee hours based on...uh...uhhh....
I want 4 more years of Ob-Mao! I never would have believed I could make so much money on incopetence. Stupid uninformed voters hanging themselves over a usurper posing stump jumper. I'm actuallt torn by making money in PM and watching my country burn from the roots up. Some how I don't feel very well inside.
Be careful what you wish for. If that great RESET button gets pressed in the next 4 years, the wealth you think you accrued might just get taken from you.
... explain ?
Use your imagination.
"incopetence" is that how you spell George Bush?
Hilarious. You spelled incompetence wrong in your name calling. Keep fighting the same tired political battles. That is what they want you focused on while they steal everything not nailed down.
No matter who we get we will make money; but yes, this had been a good run for me with all the handouts. Barry & Co. has been good to me.
Funny though, some people see Uncle Sugar walking to the market, know that his pockets are filled with goodies, and don't take them. Then they stand to the side and get angry and frustrated about futures manipulation.
Yes, some people are in this to lose because it justifies their world view.
I recommend the work of Alexander Elder M.D., a psych turned full-time trader. He points out that many traders are not here to make money; i.e., they literally sub-consciously are gratified by losing, or merely by the thrill. Interesting thesis.
Dollear in flight to safety free-fall. Haaaah!
Such crazy times. Looking at the Kitco toolbars is a little nutty-making.
The infinitely inflating balloon is ripppppping.....shredding....
Quite the blessing to be alive in this time.....
ORI - I second that motion. It is a blessing to be alive during these times (perhaps you were being sarc). I am in my mid thirties and we are going through more chaos and turmoil than our parents had. Sure they had their ups and downs but nothing to the extent that we are seeing as everything is blowing up in the faces of our masters all at once, worldwide. Thank you global economy. I keep telling people that these are really fantastic times but most people do not even see a blip on the radar. They are too tuned out and too braindead due to conditioning (thnak you msm). 30 years from now I can tell my grandkids I was there when the whole thing blew up.
Agreed ORI and Blankman. I just wish I was 20 years younger to deal with what I see coming. The patience of old(er) age will be useful though, in dealing with the White Theocracy that will rise in the U.S. Yes, we will divide ourselves sharply along racial lines (like a prison) and it will not be pretty nor very intelligent.
Those still free mentally will have to work with it, like an intelligent monk in the dark ages had to deal with the Church.
If anyone with connections to the FED Wise up and announce an early end to QE II and put a bid under the US$ This is no joke the DXY is on the brink of freefall and $200 for oil in the next few months will happen if the US% goes to 65 which looks odds on now.
Give me Lawyers, Guns and Money.....bitch
Wynter Benton "you magnificent bastard!!"
We've seen +$0.50 days become +$1.00 days become +$1.50 days in SILVER. The step changes seem to be accelerating. Ebay buyers are paying over $41/oz for SAEs. Those days are imminent in the 'market.'
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