This page has been archived and commenting is disabled.
Detached From Reality Market Hits Escape Velocity On No Volume Whatsoever
The latest market trampoline action on horrendous consumer credit news should be sufficient to get every last sane person out of this illegal, yet fully government endorsed, backdoor gambling operation, or at least those that are stupid enough not to be trading with other people's money. Today marks the most recent long white candlestick on almost record low volume for a ramp day. Note the straight line higher immediately following the consumer credit collapse and the leak that QE2 is coming any minute. Our only question is how bad is the news coming this weekend for the
primary dealers to need to surge the market so high on nothing. Well, that, and also we wonder if after the circus rang the closing bell on the Nasdaq two days ago, whether today the Sicilian mafia will be at the NYSE close.
»
- 13703 reads
- Printer-friendly version
- Send to friend
- advertisements -
Bank earnings must be off the wall lousy this time around.
Not a chance, jk. Not even the assholebanksters can lose money borrowing infinite amounts at 50bps and taking the money to buy 10-years at 3%.
No, the pending news is much more significant. TPTB know that it will cause gold to soar and stocks to plunge, therefore, gold has been beaten down $70 from its high and the ES has been 50 points off its lows.
At least when all the sheeple goes into their accounts tonight, they feel better that their holdings of stocks and mutual funds are higher than yesterday, prompting a stampede of savings-less fools to consume more junk or waste a few hundred bucks at a bar.
excellent observation,
drive markets higher to cover the fact that continued credit contraction is very very bad.
"the dow ended up 120 points today on signs of the economic recovery, in other news, consumer credit dropped $9 billion in the month of May."
Wells Fargo preannounced a $.02 charge last night, so who knows, but I bet there are more write offs than you think.
At least with the Sicilian mafia there is an honor code and a kind of rule of law.
In Sicily, women are more dangerous than shotguns.
http://www.youtube.com/watch?v=82zt5Fk5YTc
don't ya just love the last minute push on the s&p to make sure it closes with a green bar! even the machines are getting kinda obvious.
+1 Godfather
true. plus they only kill their own. unlike the corleone's/dimon's of today.
In reference to a woman, however, the feminine-form adjective "mafiusa" means beautiful and attractive.
"Our only question is how bad is the news coming this weekend for the primary dealers to need to surge the market so high on nothing."
Thanks, TD, this is the point I've been trying to make all week! Not only have they "surged the market" but gold has been deliberately crushed, as well.
How bad will the news be? I suspect we will find out very soon.
How do you know gold has been "deliberately crushed"? For the umpteenth time; its pricing in a deflation; every functioning carbon based organism would sell Gold after todays news about CC deterioration; and not to mention other data that supports selling. I will be the first one tell you/point out to you when Gold is being manipulated [as I often do] but this is not one of those days.
I disagree, Cheeky. Exhibit A is the charts of 6/21 and 6/28. Deliberate attempts to manipulate a top in gold to encourage the type of algo selling you mention.
The Evil Empire doesn't "control" the gold market but they certainly "influence" it to effect the hedgies and algos, thereby accomplishing the goal of suppressing price.
Additionally, your comments below seem to indicate your belief in an equity market PPT. Hmmm, you believe the PPT can influence the direction of the vast US equity market but not the comparatively tiny gold market?
Reply to thyself:
Cheeky, I stand somewhat corrected. I have just reviewed the latest post from TD regarding Paulson liquidations. If accurate, certainly a cause of the acceleration to the downside.
But "who" is redeeming and why? If I were a manipulator with unlimited funds, I would find many different ways to manipulate, including many stealth methods that hide my tracks. Who is redeeming out of Paulson? Is it other public funds or large pension funds or private money? If so, who is behind those funds.
Gold is manipulated. This is clear. While I agree that every move in Gold is not manipulated, there is every reason for the PTB to drive Gold down in price. Means, method, motive, opportunity. I don't go through life paranoid about this manipulation but neither do I assume that the PTB, whose interest is lower priced Gold, wouldn't use many methods to push it down. And once one method has been discovered/exposed, would they not find other ways?
Also, why the need to be stealth if the ones who run the country can do whatever they want, so long as they control the MSM which runs simply to create the illusions of 'its all alright'
Mr Bastard, Ima jump in on this one if you don't mind.
Although the manipulation is blatant due to naked short selling and selling by CBs, I believe that that downturn we saw recently was due to managers getting caught with their jock in hand and nothing to show for it. What I mean is that the market was over valued still, took a dive, and managers were forced to liquidate their only appreciating assets-PMs. Gotta keep money rollin in in the business, no? That is what I read out of it.
http://www.zerohedge.com/article/paulson-hit-2-billion-redemption-reques...
Unlike what everyone and their mother will tell you. GOLD is not a hedge against inflation. It is a store of value. IT IS A HEDGE AGAINST DEFLATION..!!!!!
No. Just... No. Gold loses value in a deflationary environment while currency gains value. Therefore cash is a better store of wealth during deflation than gold is [as evident now]. Or do you want to convince me that E≠ mc2.
As you already know the store of wealth function would presumably gain vlue in a deflation, but given the debt load there is simply no way the gov't can let the deflation run and therefore the deflation meme taken to its logical end brings us to circa 2008 decision whether to save the banks or the currency? place your bets accordingly
Dude, are you drunk? I'm not giving you my opinion on "future macro-economic environment" [which will 88% be inflationary] but about the basics of how non-cash assets behave during deflation. The duration of such monetary environment is irrelevant to that. Cash is king during deflation. But if you think that there will be 10+ years of 7%+ inflation and that Gold will rise in correlation with the rate of inflation; then buy every dip. Im not advising you here nor trying to "pitch" you some shit; I'm just telling you how gold behaves during deflation vs. cash. Cash wins. Its more liquid and thats the most basic premise why it reigns above everything else during deflation.
Cheeky,
There will be no deflation!
Back in 2009, Bernanke went on record saying that another depression a.k.a: deflation, will not happen on his watch. This guy has no qualm about destroying the US Dollar to achieve his goal.
The earlier post on ZH about ruling class being cornered is correct: http://www.zerohedge.com/article/rats-are-cornered
These people don’t see an economic reset/recession/deflation/ or however you want to categorize it as a good thing, or part of the natural economic cycle. They see it as a direct threat to their “rule” and will do anything to avoid, or postpone it. They easiest way to do that would be to print another $5-10 trillion, which is what they will do next. You can count on it!
Not saying I disagree just seems to be mixed picture for in the case of Japan. Given gold fix hard to really say what would happen. At best, doesn't the case of Japan argue that FX and gold can appreciate at same time (ignoring implications of everyone going to ZIRP/carry)?
http://www.research.gold.org/prices/monthly/
http://www.nowandfutures.com/d2/BehaviorOfGoldUnderDeflation.pdf
Thoughts?
Got to go with you on this one, CB. A gold ramp is often sentiment-based....i.e., valid fears of a sovereign or currency collapse and the valid expectation of hyperinflation. In a deflationary environment, the pricing can be way off as it reflects a futures bet on one or both of these events evolving in the nearer term. And as with all future pricing projections these days, the interventions make accuracy on event timing very precarious ( you can miss by years ).
All that said, a deflationary environment is a perfect opportunity to build your stash if/when pricing decouples from sentiment.....or large position unwinds occur due to necessary cash calls.
Even if one disagrees with Cheeky, his comment certainly wasn't in need of junking.
+1 He's one of the smartest minds we have on ZH.
true that... dont confuse PPT with deflation (even tho PPT was obvious yesterday)
" I will be the first one tell you/point out to you when Gold is being manipulated [as I often do] but this is not one of those days."
What about Tuesday then, or Wednesday (UP! That's right you heard me: UP I say!). And today. Quite the coincidence while the Gnu Yark market is open, no? If you say you'll call it when you see it, I recommend some glasses...
I mean, C'mon cheeky; the last three days running Au spot price has been forced into a paper box from about 9:30am to 2:00pm EST by Gnu Yark, aided and abetted by the Cockney gits. If you can't see it, you aren't looking.
Regards
guys in the 'fake world' living in their 'fake dreams'
There are layers of fake bids and offers on every price level in the mini index futures. Prices slice right thru these layers without triggering executions. This is why the market moves up on no volume.
But when the down trend starts the put bids in to stop the decling thats why the down days are heavy because they actually have to place live bids, this raises the totl volume count.
This is the most rigged I have seen this market in the past 10 years.
whats up with the XLF etc. spiking lower at 15:38 only to recover? sector fat finger?
check WFC.
yes, i see most banks/fin cos dropped 2% and then came right back
It's a HFT stock dude, stay away unless you have some bad ass mother fucking algos.
when i tell people that i am a stockbroker they look at me funny
Probably because they would like to "do things" to you.
+100
LMAO!
try walking upright.
Do yourself a favor and keep your mouth shut - tell them you shovel coal for a loving - great way to make friends.
Maybe its the paper bag on your head....oh wait have one of those too.
You can still do that? I thought the machines took over all clearing and frontrunning skills!
If someone looks at you funny, it usually means you're a douchebag.
I just cannot fathom what the fuck they think they are doing. I pray to my lord and savior Jesus Christ that this whole thing comes unglued.
Credit contracts by almost 5% and we go up? What fucking planet am I on?
same one i am on apparently
+1 LOL
Agree jbc77,
If they really think they are doing the right thing they're absolutely out of their heads.
The market should be allowed to breathe, if it's not (as is the case now) then the resulting collapse is going to make 2008 look like a picnic.
DavidC
Not if someone is on the other side buying when people start to panic sell. My guess is that we will not see another 2008 because the FED/Treasury is looking for it, but rather we will see a slow decline..
you're praying to the wrong gods...try Joe Pesci
http://www.youtube.com/watch?v=MeSSwKffj9o
The market was deeply oversold. There is little to no economic data this week along with a short week is a good time to releve the oversold presure.
Volume the last two days has been well below average. Never a good sign of a firm bottom. But i'm sure the talking head will explain to the folks how it's summer and you should never short a dull market. These idiots say the same thing over and over and over like robots.
You are right whiskey. No human is trading so the HFTs have taken over for a short amount of time. It is a mild rebound without any teeth.
Wow. While I'm not entirely convinced about the PPT, etc., it seems totally incredulous that a variety of real money would come into the market in the last 15 minutes for what reason?
My new pet peeve is when analysts on CNBS, MSM, talk about the strength of the corporate sector, when what they really mean is the 100 largest companies that can buy and sell politicians, work international tax regimes, and trounce the little guy like WMT does. How long can that last mr/mrs analyst? Is that really long-term bullish for the economy and then the market?
The Working Group on Financial Markets (also, President's Working Group on Financial Markets, the Working Group, and colloquially the Plunge Protection Team) was created by Executive Order 12631,[1] signed on March 18, 1988 by United States President Ronald Reagan.
The Group was established explicitly in response to events in the financial markets surrounding October 19, 1987 ("Black Monday") to give recommendations for legislative and private sector solutions for "enhancing the integrity, efficiency, orderliness, and competitiveness of [United States] financial markets and maintaining investor confidence".[1]
As established by Executive Order 12631, the Working Group consists of:
http://bits.wikimedia.org/skins-1.5/vector/images/bullet-icon.png?1); padding: 0px;">
- The Secretary of the Treasury, or his designee (as Chairman of the Working Group);
- The Chairman of the Board of Governors of the Federal Reserve System, or his designee;
- The Chairman of the Securities and Exchange Commission, or his designee; and
- The Chairman of the Commodity Futures Trading Commission, or his designee.
http://en.wikipedia.org/wiki/Working_Group_on_Financial_MarketsCB - thanks for that. What I'm trying to express is I'm not sure that the government or Fed is in there buying. I do believe HFT, GS/JPM, etc. are using their supercomputers and direct connections to the NYSE to run algo's that suggest where they can move the markets for a finite period of time in order to scalp some money. Perhaps it is a distinction without a difference that I am making. I think I believe that the market isn't manipulated per se, as much as toyed with for personal profit by a select few with special access to leverage, computer power, etc. Government plot? Maybe. Government sanctioned? You bet.
NOT even GS would have been stupid enough to step in front of the market back in early 2009. To do that, the player must have been someone with near unlimited amounts of leverage, and no concern of loosing it.
I think most would agree that the FED could not afford (at least politically) to directly support the market, but they do not have to. All they have to do is to have a special relationship with GS/JPM to do the heavy lifting for them.
when you look at the 4 people on the PPT it makes perfect sense. secy of treasury says we need to prop up the market -- chairman of the fed reserve executes the plan-- chair of sec needs to know of the moves -- as well as chair of cftc because it is in charge of oversight of s&p futures.
maybe after the elections they will crash the market again, and buy on the cheap, and prop it up. who knows.
GS has risk to think about and loses which could occur if they go in guns blazing not giving a shit about PnL. PPT [or whatever you want to call it]; doesn't need to worry about loses or such trivialities as PnL, VaR etc etc.
Now GS could [theoretically] take a position and sell into the strength [like some DDs were doing during May and June in the CDS market] risking its own money; or it could be a conduit for PPT funds to ramp this market up and take the usual profits it takes as a market maker.
But no sane business/person would risk their own capital just to prolong the mirage which is this market. If GS/JPM/C/Renn-Tech etc etc are ramping up the market by simply churning a microscopically small volume [as I believe they do] they are not doing it with their own capital. They get an allocation with the only purpose that the allocated amount is used to either buy futures/index contracts. They take the profit from the bid/ask spread while having no risk while doing so.
I guess it depends upon your time frame. Do I think the stock market is elevated above fair value? I do, but do I think it is because the PPT consistently buys stocks? I don't know. I do think there are plenty of people out there that believe this is a 'recovery' and that a lot of the talking heads on CNBS actually do believe clients should buy stocks. Even Paulson - who shorted sub-prime - is long a ton of financials. So someone who was deeply skeptical of the system, now believes housing has bottomed, and the economy will recover. It amazes me how few people see the looming train wreck that is municipal finances (or would buy a muni bond at 2.5%), and really how self-referential, leveraged, and structurally inefficient the economy is. But, as you referenced on your post on another thread, the people want to take the blue pill and think happy thoughts. Most people don't visit ZH, know what a FRN is, how debt creates servitude, etc. - nor do they really want to.
For me, it's more likely (and I'm not suggesting I have any additional insight) that government sanctioned parties/large traders/algo's look for inflection points where they can move the market for an hour, a day, etc. A few weeks ago, when the market rallied on poor jobless claims - sparking a one-week rally on no good news. Today, a quick rally on consumer credit numbers. Yesterday, with little news a monster rally. And that correlation to the Yen/Euro cross? Evidence that the market is not moving on fundamentals.
All I've really figured out, is that it doesn't seem like much of a market anymore, and I'm simply out-gunned.
I saw this go by my head and said Ziiiiiiiinnngnnggngngng.
"What I'm trying to express is I'm not sure that the government or Fed is in there buying"
Holy Shit! Nice post... I thought PPT was just something funny some ZH'er came up with and I was along for the ride...
Insane. Just insane.
Not entirely CONVINCED about the PPT, huh? Well how about in August 2007 when Hank Paulson was being interviewed on CNBS and he was being pressed about WHAT was being done to keep the markets from melting down, as they were heading South.
He blurted out, "...We have re-energized the President's Working Group..."
How much CONVINCING does it take for some of you people?
you wouldn't happen to have a video of that would you?
CNBS had the video for a period of time. Then it required the CNBS Plus membership to access it.
---------------------------------------------------------------------------------------
Video> http://www.cnbc.com/id/15840232?video=478642624&play=1The video is 07:57 in length and he makes the statement at 05:37.
----------------------------------------------------------------------------------------------------------
The day that it happened I sent an e-mail to John Crudele at the New York Post. He based one of his columns on this story.
Here is the e-mail that I sent to John:
Howdy, John!I thought that you might find this interesting: Treasury Secretary Hank Paulson was interviewed on CNBS this morning by Steve Liesman.
In my opinion, Secretary Paulson appeared to be quite nervous and scared. He seemed to be searching for words to placate the markets based upon Mr. Liesman's less-than-probative questions.
One thing that Secretary Paulson did say when responding to what is being done to ASSIST the markets was: "...we have re-energized the President's Working Group On Financial Markets..."
Needless to say, Mr. Liesman allowed this unbelievable admission of market manipulation to go unchallenged.
It appears that Secretary Paulson has become a "conspiracy theorist" in his belief that a PPT exists.
I immediately E-mailed CNBS numerous times to have them address this statement. Needless to say, it was ignored and any replay of Secretary Paulsons's comments did not include this admission.
I hope that you find this information useful.
Have Yourself A TEXAS-SIZE Day!
Mike (Hog) - The Republic of Texas
Note: Personal observation -- Secretary Paulson did not intend to make this statement. At the time it was made, he appreared to be in a state of distress and spoke without thinking.
--------------------------------------------------------------------------------------------------------------------------------------------
You should be able to find John's column. It was August 2007, but I don't remember the date.
thanks. i bet the video is achived somewhere but i can't access it. these guys have juice.
On Aug. 21, in an interview on CNBC, Paulson said, "We've reenergized the President's Working Group on Financial Markets."
http://www.gata.org/node/5619
- want to see it in action, here;
Market Manipulation On Display
http://www.youtube.com/watch?v=xOr5suFJ6-k
What I refer to as "a lightbulb moment"
So when QE^2 is announced, how bad will the reaction be in the market? Would we test 09's lows?
The inverse... when QE2 is announced, the market will go to the moon, Alice.
That is my theory, but then again when consumer credit contracts the market goes to the moon. Just trying to figure out that if we are in "bad news/good news and the markets go up" mode again.
Does QE cruch the yield curve? Or, simply make holding cash unattractive versus Govt backed risk-on?
There is no political will for any further stimulus, fiscal or monetary unless there is another collapse in the market. Fiscal won't happen but Ben, ignoring the public and any rational thought will go ahead with QE2: QE2 will ramp the market up but not before it once again collapses.
The political will is going to be developed, first...
We are a cynical bunch.
Political will comes forth after the liquidation.
too right. Incumbent bozo senators should know this by now. Then again a declining market approaching election time will also rattle them.
So when at the G20, Obama says that we need more stimulus and all the European's say no ... was he just joking?
Boy, when this crashes it's going to be something to behold - flash crash won't even be close.
DavidC
Like TD mentioned yesterday. The concentration of just a few remaining players in only a handful of stocks should make the ultimate destruction/meltdown spectacular to behold.
If we do QE DOS I think it will be last year, except the PMs will take off to infinity while the market keeps pace with inflation (11%???). If we do not, look for all things to crumble (equities/bonds/currentseas) except PMs. We may begin to have "weird" prices from here on out forever.
And while I am at it, I would like to remind everyone that one of the FED's Chief mandates is to fix prices. Hasn't anyone else been sick by this disclaimer?
I mean, they say "We fix prices", and we just walk around going about our reality...with their "fixed" prices. Ugh....
Gravity always wins.
Back in 2008 I was referring to fiancials as "Gravity Stocks".
+1
Where's Abiggs(Leo) to dispute this? All's well, eh Abiggs(Leo)? All's 'legit', right?
Remember - Abiggs said that he knew that this bounce was coming because everything was "oversold" for 8 days in a row (but don't mind the fact that the gov't was trying to prop up the market by not letting the market drop as much as it really should). In other words, he correctly predicted the next card to come out of the dealer's hand... so we will bow in his reverance.
Silver goes vert after getting handed over from city to city (capitulation, snitches! "Silver capitulation around its NOMINAL high mid summer, and the market will follow suite, lasting roughly 6 weeks" circa early May) but SLW does not follow suite. Why? Well, as I believe the President's Working Group on Financial Markets, also known by some [Vickers and his "Hedge Fund"] as the PPT, bought into the corporation at the bottom of the silver market (fall of '08) and have continued to buy until late, has begun to dump shares on the market in hopes to keep the price of silver down. My reasoning is this: First, the doelarr has peaked (June 7th-call below), and they need to keep all inverse relationships in line (ie oil). Also, they do not want to lose their shorts just yet, AND they only have at most a few more weeks until silver makes an epic break from $18-$36; this by Dec. So, say what you will, I see it how I see it. The PPT may have unlimited funds, but throw you paper in a fire, see what happens. When it is all over, the silver will still be in the furnace. If you can stand the heat, I recommend reaching in and grabbing some now, before the fire is out. Because when that fire goes out, all hands in. Do not get caught in the rush. Get yours now.
Good luck!
http://www.zerohedge.com/article/gold-breaks-out-again-1250-breach-imminent
http://www.zerohedge.com/article/es-roll-volumes-punking-market
Jimi: On your first link, I replied MoASS!!! Two months on and I have no fucking idea what that meant. Getting older sure sucks.
MoASS is right!!!
Mother of All Short Squeezes.
I remember because one of the sensitive readers asked you not to be vulgar, and someone else replied, "Tis trader slang".
Oh yea, that's right.
Hmmm. Doesn't look like MoASS has come to pass just yet. I'll keep watching.
the real supply is in the 1070-1085 area. there are a lot of (un)happy campers trapped in that area, so let's see what they have to say.
fin reg has race and gender quotas - just what we need
http://www.realclearmarkets.com/articles/2010/07/08/diversity_in_the_financial_sector_98562.html
Gee, and here I naively thought that running a successful business meant hiring the best qualified people - seems I must have missed something in Social(ism) Studies growing up - you can thank Maxine Waters for this piece of shit - she's about as dumb as a fucking box of hair, but she sure knows how to play the race/gender card - our "elected representatives" at work, friends...
It is the Barton Biggs bottom. Barton panics, sells everything and market promptly rallies, just to punish him.
And that is what this is all about. Anticipating QE2.
I am going to use a term here.."Financial Holocuast"
The death march led by the Hitler,Geobells,Hoess & Himmler of our time with the Wall Street/Elite Reich leading the middle class and poverty stricken to their doom with their own money and future generations debt. It may sound extreme however the actions speak for themselves. The further we fall into this depression the more the elites will siphon off every public coffer and government penny in order to keep their own assets as inflated as possible.
They have the media, they have the government, they have the currency and the allegiance of the global elite and they are boarding us all on the trains. There has been no prosecutions, no trials, no enacted rules and only more power ceeded to their organization and empty promises and rhetoric placed in our pockets under the promise of "tomorrow". Well they will continue to hand out QE, tax dollars, tax credits and passing laws to trading powers for freedom only because there has been no frightening revolt.
Think the Godfather II and the blackhand. He took what he wanted and who he wanted, their children, disturbed their families, demasculated until the cowards revolted.
Low volume or no volume, doesn't matter, the meltup will continue over the summer.
Your taste in "music" is a collective insult to all of Humanity. Please; do not post that garbage anymore. Please, like "Dont nail me to that fucking cross you guys" please.
LOL! Disclosure: I am not a fan of Nelly but thought that song is fitting for all the naked shorts out there sweating buckets. Good luck to them, it's going to be a long, hot summer.
Leo, let me help you out. You want a song that the ladies can dance too? One that has elequent lyrics? Look no further. Next time you DJ in a Greek havana on an island outcrop, play this!
Latyrx - Lady Don't Tek No:http://www.youtube.com/watch?v=pJqhTnrPF4E&feature=related
just his taste in music?
Taste some solar dust...you'll be choking on it all summer.
You can always count on Leo when you need someone to brag about how they landed a few blackjack hands in a row because of their awesome skill. I think Leo and Abiggs should get a room together.
Um.. we'll see who tastes solar dust. Right now given how many dips there have been this year, odds are you're probably the one who is poopin' it...
Not at all, kept buying them dips, adding to my positions. Will not sell these shares unless something drastic happens, like a week long solar eclipse. :)
Keep buying the dips ... you're in good company: Ill, NY, Calpers, and the rest of the pension pros. Beware that last dip.
My tip ... Sell the tips ^_^
FYI, pension funds have not bought the dips. Instead, they massively reduced risk, and once again, they are underperforming their benchmarks. They will be chasing returns higher, as usual.
Thanks for the heads up ... how does one massively reduce risk and still maintain the return necessary to meet its statutory obligations? They are way in the hole and now everyone starts to retire ... do they do back to the munis, states, etc. and ask for more dough? That's not going to work for now. If they don't keep buying equities, what returns chasing are they doing?
Leo, you are killing us with this crap! What did we ever do to you to deserve this? The music in Monteal strip bars is better... and so are the women.
Certains hommes savent qu'une légère touche de la langue, allant des orteils d'une femme à ses oreilles, qui traînent dans la plus douce des manières possibles à divers endroits entre les deux, étant donné assez souvent et assez sincèrement, ajouterait considérablement à la paix mondiale.
Must be an orgy happening after the bell at CNBC.
1. Art Cashin, Jack Welch, Wilbur Ross in the back room swilling down Viagra tablets with Jack Daniels
2. Joe Kernan groping Dana Telsey, hoping to dress her up in a cheerleader outfit and pretend he's still in junior high.
3. Bob Pisani grabbing a step stool so he can see Michelle C-Squared eye to eye and hopefully get a glance down her blouse
4. Simon Hobbs attempting a reach around on one of the gay technicians in the back room.
5. Tyler Matheson trying to get both Erin "B-Cups" Burnett and "Bathtub Becky" in a tag team.
6. Mark Haines rolling on the floor with his bottle of Wild Turkey, unable to make it to the restroom.
7. Amanda Drury has made a quick escape, no doubt she's being hounded by all the guest Hedge Fund managers to buy out her contract.
No doubt, its going to be a huge weekend out at The Hamptons
The people in the background looks more like Jersy Shores.
Thanks RT, the one with the white top, shes a daisy!!
Awesome... What about Dennis "Bob-and" Neale? Has he been demoted to coffee boy?
speaking of liquidity
I propose a new ETF in their honor - Ticker: JIZ
the real men and their ladeez will be in montauk this weekend.
http://www.montaukfishingcharters.com/blog/wp-content/uploads/2009/05/su...
My Junk bond just exploded
Leo, are you taking note ? This is how to get people's interest, not with rubbish YouTube clips...
You got some nerve telling me what to do. If you don't like my posts, ignore them.
My groin just had a meltup.
Perhaps one of the most useful things that the ZH community could begin doing is to compile a list of the residential addresses of the top people in all of these despotic, thieving institutions, both in the US and in Europe, complete with Google maps, photos of the perps, telephone numbers, gate codes, car licenses etc. so that when the mobs finally begin forming and looking for who to burn, shoot and lynch they will have clear directions for where to go and who to look for. Surely almost everyone in the ZH community has, or knows someone who has this kind of detailed information on at least one of these criminals - maybe ZH could start a rogues gallery that all ZH readers could contribute to. After all, we wouldn't want the mobs to go after innocent people by mistake, or just to hunt down low-level employees.
How about picking the 52 worst and passing out decks of cards? This would need to go viral, fast so the airport and customs workers could stop them before they flee.
LOVE IT!
Ace of Spades = Bubble Ben
Queen of Hearts = Bawnie Fwanks
@ americanspirit
You are obviously a provacateur trying to find some idiots to agree with your stupid ideas.
WE DO NOT ADVOCATE VIOLENCE ON THIS WEB SITE !!!
GO AWAY!!!
Violence? Sticks and stone may break your bones but words will never hurt you.
Do a search on "Financial Terrorist playing cards" - being sold by (or hawked by) Max Keiser....
Gotta love Max & Stacy http://maxkeiser.com/2010/07/04/financial-terrorist-playing-cards-now-available-to-order/
Yup, saw these on Max's site the other day.
And not a Sicilian surname to be found, though Mayer Lansky's wing is represented in the usual sickeningly disproportinate measure.
Yup, saw these on Max's site the other day.
And not a Sicilian surname to be found, though Mayer Lansky's wing is represented in the usual sickeningly disproportionate measure.
I had this notion a while back, too. I called it "The Catalonian Underground".
The name stands for: Citizens Against Theft And Looting of Our Nations.
There was a whole thought experiment that went with it. We could have threads in a forum for each allegeded perpetrator, along with amounts they had taken, things they had done, submittals of proof or exculpatory evidence. Polls to render 'verdicts', etc.
We would be building a record. Such a record could then be used later under the conditions you described.
It sounds like Madam Defarge's register I know!
ex VRWC
Yo Americanspirit, you are either a troll for a 3 letter organization or have spent too much time reading red neck survivalist blogs. Governments are experts in violence and would love any excuse to further clamp down on freedoms. Your only realistic defense is to slowly opt out of the system, and form your own collective group. If 50 million americans on April 15th said IRS, f@ck you, then the system would fall apart. Until then... be peaceful.
Reality, what's that?
The masses getting rich by buying a stock in a company.
Or,
A few people gaming the system to their benefit.
Which is reality.
and once again <ZH stopped people from playing the bounce!
come on man!!!!!!!!!!!!
It is over. Everyone here has known that for a few months. That's why they have no trouble screwing with the market, if we could have done something about it, by now we would have. ..the only ones who have relevent say are the significant polayers in the Credit markets.. they've disabled the system. Middle management, your major investment banks, sure as hell don't want grunts bringing anything to the mess that comes after... it's about who owns the loans. In the next reset, it's all their greedy 'little' hands are worth to ensure they have the elephant's share. Enslaving humans, one day at a time.
Market a conduit for money laudering to European banks to deposit into craptastical puttable CDs? Bullish
i've been out of the market for 2+ full years because i got so beat-up with 'legislative' risk, 'plans' risk, etc. etc. tuesday i went short and i'm getting crushed. everyday everything runs up in the last hour. crushed.
i have felt your pain, multiple times. Each time I believe I have called God everything but. Hang in there. Earnings, shmearnings. We're goin' up because qe2 is soon to be unleashed and CB's have regained a handle on the fx- incumbents must minimize the upcoming election damage...
A lot of law makers still have a wish list of taxes on their to do list. I'd bet the debt crisis gives us a big headline, markets plunge, and they don't let a crisis go to waste to try and get the deficit under control. It will have to happen sometime before the election. With enough class warfare rhetoric, it may even help their election chances.
vat, wealth tax (cleverly named to get at the dwindling middle class), transaction tax... all will be forced on board the train to zero economic rights
Couldn't you just attribute the markets two-day explosion to an over-sold bounce?
A little rally into earnings? Followed by the usual selling on the news?
State-sponsored intervention into the stock markets?
Goldman et. al. generating a little motion in the ocean to rings up some profits?
Of the 4 girls in the pic, I think the one furthest to the right is the prettiest, but the one next to her has the best body, altho the boobs are obviously fake.
Very true, could be just having some fun before earnings next week. They might sell the news, as they typically do, or pull a fast one and bring this market much, much higher. Plenty of liquidity out there to do so.
Liquidity has been leaving the market. It's accelerating and you should see that.
The magic of the Fed is that their wizards stand behind the curtain and voila... more and more money is coming into the system to buy bonds, debt, stocks.
How the fuck is the Fed getting capitalized if not by a mirky balance sheet hogwash that's going to make Enron look like an issue for small claims court.
I sometimes wonder if central banking doesn't involve creating new money in a computer and funneling it into the hands of its agents in the financial markets to do its bidding (double meaning intended). With enough money you can control the price of anything.
That's why I worry about the price of gold. If the central bankers despise gold as much as people say they do, as its price climb reflects poorly on monetary policy, they could certainly drive the price down with naked shorting. However, if the physical market is so tight it actually breaks away from the paper market, the manipulation will have failed.
Actually, the rally is a result of Christmas in July.
Christmas came early.
That or the Tooth Fairy really exists. Don't know which one for sure.
What's that? You didn't know that 90+% of all volume is in less than 1% of all stock listings?
A gazillion transactions of 100 share increments pushing share prices higher is not manipulation?
I must stand corrected. There are still suckers left in this market. The game can go on for a while longer...
Escape velocity or finding the ceiling? Sort of like getting a lot less bang for the buck with stimulus, not sure that QE2 will have the desired results. Think that there is a good chance marginal bond buyers will read the fiscal spiraling mismanagement writing on the wall, leading to a rise in real rates, leading to a potential backfire effect. Especially if QE2 is spent in the same manner as QE1.
Assuming we get QE2 anytime soon. Although with an election around the corner, corporate profits getting chewed up by exchange rates, and export markets tougher with a stronger $, and the economy doing a "dead man walking routine", chances are unfortunately better than I would like to see.
HAHAHA
Loook at the latest headlines coming through Finviz (news aggregator)
04:10PM Wall Street rises on jobs data and retail sales 04:02PM Dow in triple-digit advance 03:53PM Stocks climb for 3rd day after jobless claims fall (AP) 03:52PM Retailers steepen discounts after choppy June (AP) 03:50PM As BP nears plugging leak, shares have rebounded (AP) 03:43PM Jobless claims drop offering hope for recoveryEVERYTHING IS GREAT!
BUY STOCKS NOW!
there has been a huge uptick this week in obvious talking points disseminated to the news outlets. heard multiple times today that 'initial claims were down sharply".
http://www.latimes.com/business/la-fiw-markets-20100708,0,5664681.story
You comment is disrespectful to the families involved. Even they know better than to get involved with the NSYE.
So what makes us all so sure this collapse will happen so soon? North Korea's been able to to keep their farce alive for decades (decrepit decades to be sure, but decades nonethelsess). Why couldn't a country like the US keep the BS happening for a helluva long time?
Joe shmoe, I closed my business, it had fallen of a cliff, but also on the strenght of reading hundreds of blogs, websites. Even bought silver and xtra food. I feel like an idiot now realizing this can go on and on. All i read on ZH intimated closure to this debacle was coming soon. Right. Its now almost a year later and the scam goes on. Listening to all this doom hasnt been good for me spiritually either as my mind is overly preoccupied with our ongoing demise.
Well, the ammo will still be good.
Exactly. I'm sorry to hear about your biz. That's tough. Hang in there and I'm sure you'll find a way through. Entrepreneurs should look at these times for the opportunities they present.
I keep wondering if this will be a collapse of Wall Street, but something less spectacular elsewhere. I can imagine slow grim adjustment to a new, poorer, reality for most people. But again, entrepreneurs will see opportunity. For example, I think the more local, in-kind, economy will continue to emerge. The whole CSA farming model could spread to other sectors, except instead of using cash, many broke participants might contribute skills and knowledge. I know it sounds like a hippy wet dream, but I believe that since people have lost faith in big government and corporations, they'll turn ot each other to work things out. Maybe I'll ask my wife if I can market my body...
You may never know exactly when it will end, but the trend is unsustainable. I had many friends laughing at me when I sold my portfolio down to a 10% equity position in late 2006. In late 2007, they were no longer laughing.
Sorry about the biz but this has also happened to me a few times. Just remember, one door closes, another door opens.
russki , thats a mighty small comfort when so much more bad news is on the way. I know how to survive from my hobo days. I will be fine, but my fellows wont . Its a lot like being the last man standing. I could give a damn about money, but the trust and the broken people all around, tent cities and poisoned fishermen, is a bit overwhelming.
There have been several discussions about this. That the timing is unknown. The general consensus seems to be that the debt being built up is unsustainably (I actually think it will be the municipals that start the collapse). And that the best course is to prepare, be ready, but don't be angry in the meantime.