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ECRI Leading Indicator Plunges Deeper Into Double Dip Territory As Stocks Turn Green
The ECRI Leading Indicator has just moved
further into certain recession territory, hitting -10.7 for the most
recent week (the previous revised number is -10.5). The market goes
green on the news, as the Liberty 33 traders have done their job for the day and are off to the Hamptons. And what is so odd about the market reaction one may ask - bad news are as always priced in,
as the apocalypse is nothing that a little money printing can't fix,
while minimal upside surprises (soon to be revised far lower) are
sufficient to move the market higher by over 100 points intraday.
Hopefully the HFT operators unionize and go on strike soon in demanding
greater pay, and get the Greek trucker treatment as a result, because
this market is not even a joke anymore.
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And...the markets go green. Complete 180.
They've saved the planet again. CNBC is all smiles I bet.
Stop whining MoFo's, just take the blue pill and follow the white rabbit!
Is that a very exposed young woman??
Yeah, but the bottom of her feet do look to need a bit of sun. :-)
Thank you. I guess these old eyes have taken to creating their own fun.
Something tells em "those" aren't feet....
But could be toes. Camel variety.
Nah, It's 'P's' thinking organ...
They need to get the yellow crime scene tape out and string it around the entire Wall St district... the market's not a joke, its a crime of biblical fucking proportions. Thanks Barry - I fucking voted for you, for this fuckin shit?????????????
Not gonna hide it, i voted for Barry as well. But what better way to drown you feelings of regret than with some badass musiq
Casual Friday playlist: http://www.youtube.com/view_play_list?p=D995657329C4795A
Rally monkey says click!
I am proud to say that I did not vote for Barry. But I must confess, I did not expect Barry to be the kept lawn jockey of Wall Street.
I confess that I voted for Barry because the other guy was a bigger loser. Barry is performing as expected, in a dismal way. Our political establishment is not going to allow a real candidate to win. They want nothing more than pretty puppets.
Wait, your ballot only had two choices?
You should drown your feelings of regret in suicide, you dog.
ESAD.
Now now.....
My strategy is to short more on every tick to the upside, so here I am, thanks goo-fies!
Be prepared for exceedingly large losses.
Why do you take that position? QE whatever?
I mean, for real, have I died and gone to wonderland? You have to be kidding me. This is just surreal. I don't know what's real anymore and what's make believe.
As CD so eloquently put it in an earlier thread, "there is nothing left to believe except that nothing is believable." The assault on truth and reality goes on everyday. Years from now people will look back with horror and wonder, what were we thinking?
My father, the high level MIC intelligence dude, said it better:
"Knowledge only gains you the booby prize."
My second favorite line is:
"He who complains has already lost."
Most alive today have always lived in the hologram. Since @ least WWII, we have existed within a managed war-time economy. During the Cold War, western economies only appeared to be free-market capitalism because that contrasted most effectively with the then "communist" enemy.
Of course, we now have the WoT. This war is much better than the CW for two reasons: one, the same as as all others, is keeping people employed. The second is control of critical strategic resources. Without being backed by oil (as opposed to a gold std), FRNs would be revealed as the little pieces of green paper they really are.
In many ways I feel for CogDis, and others like him, because I can imagine the pain & confusion he still experiences as he continues the process of letting go. It's a tough game.
Still, once you've broken free, it's very clear skies. When you reach that state of clarity, there are basically only two options one need concern themselves any longer:
Personally, I don't worry too much. As I've mentioned on other posts, I'm hedged either way.
B9K9, your posts keep getting better. Guess I have to put you on the long lists of ZH-ers I have to read closely.
I am still behind Cog Dis in working through the muck. But, like you, I have hedged to the extent possible either way (any which way?).
"He who complains has already lost."
Would this entire multi-day posting on ECRI qualify as complaining? Or is Tyler cheering for the unbelievable ECRI slide? I'm confused....
B9K9, you generally believe what I do. How do you hedge against the failure to blow a bubble? The elites are going to win and rest of us lose.
Why is this considered a win/lose scenario? Hold physical Gold and Silver coins and you'll be fine and better off than many "elites".
If the power-elite fail to blow another bubble (that is, maintain a managed economy), then the logical outcome is not that they win. It's a dicey proposition, which is why they're full blown committed to maintaining the status quo.
Since the economy has never been in such a perilous condition while the war-time paradigm has been in effect (ie since WWII), that's the reason it has become so much easier to clearly see the blatant lies & deception. (Which, I imagine, is why guys like CogDis are now being picking up on the truth.)
So, the odds (at least at this point in time) are 50/50 that either the People take back control of "their" country, or the power-elite throw off the mask and come out & clearly admit that we indeed do live in a fascist dictatorship and dare anyone to do something about it.
My hedge is simple: if "we" win, then you'll want to be a state/region with limited former welfare recipients. If they win, then you'll want to morph into what Soros was able to accomplish in Hungary during WWII. That is, you become a snitch & processing operative helping get rid of "complainers".
You have an interesting and self centered point of view B9K9. You seem to think you are the sole person in possession of the "truth" and that many just don't get it. Why you keep mentioning me as one of those who don't get it (or more precisely one of the newly arrived) I have no idea.
I've been an extremely active local activist with no political affiliation for well over 7 years and I've been quite aware of the corruption and insanity for over 20 years. I didn't just starting picking up on "the" truth.
Besides, "truth" is extremely subjective. After all, many people think they know the truth. Everyone can't be right. Once anyone thinks they've arrived at the truth and can stop searching, they are up a blind alley and they don't know it.
I realize this thread is dead, but I disagree with the premise that if they fail to blow another bubble, they will lose. Politics is the presentation of choices whereby the presenter wins any way you choose. In this situation, we storm the fed and bring it to the ground, and then what? Regardless of the outcome, the size of the federal government is going to decrease with credit contraction. If we decide to get froggy with them, then all we're going to do is take down their avenues of destruction (limited liability entities) and a couple patsy principal actors. If we do not, then the wealth gap proves to be the foreshadowing of our new robber barons, as many of the items previously collectively bargained for get thrown to the wind as hindrances to production. The best assets of the GSEs, federal government, and FED will all be auctioned off to the club.
It is my premise that the war is already largely over... they already won as proven by the wealth gap. It doesn't matter what happens, they're already hedged. The present charade is simply an effort to refill the avenues of destruction with taxpayer dollars so the previous dollars can be siphoned to the club. Reflation is not going to work. We know it and they know it. They're just preparing for the fire sale (with our money). If it ends today, they've gotten a huge head start in the new world... and that's all they could be insured to have even with the best of plan executed to perfection.
We already lost the war. The next chance will be after the robber barons become too onerous and we get fed up and begin collective bargaining. We have been stripped of the means to claw back the wealth gap... it can't happen with our present infrastructure. It will collapse and we'll start another soon enough. And then we'll get another FED crammed down our throats.
I'm curious to know where you think I "am" in my thinking. Please don't mistake my philosophical or even emotional view with my financial view, my financial trading, my state of readiness nor my ability to change direction as the water flow changes.
How I see and react to the world (or reality) and how I would like the world to be are two entirely different things. How I wish "we" would react to the world and how we do react are also two different things. I suspect you have not read my articles from stem to stern because I constantly talk about seeing reality as it is, not the illusion as presented and of not falling for the illusion.
I talk about making changes, that we have the ability to make the changes we wish to see. I'm under no illusion that the majority will. I have great hope that individuals can and will make internal changes. I have little hope the collective will do so as well.
Ah I get it. Double talk, right? Or the juvenile term; two faced. You have your trading face and your philosophical face. Nice.
Sorry but your dog don't hunt.
I never discuss my trades or positions. Never. Take a walk back in time and look at all my comments. You will not find any discussion about trades. I always talk about the subterfuge and market manipulation and I always talk about psychology and philosophy, either market or individual. But I don't talk about trades or positions.
Go bark up some other tree.
Right CogDiss, this guy says he deals with the implosion of the USA by hedging his bets? What are those bets paid off in, assuming he wins the bet...a greenback that will also be toilet paper status!
I wish people WOULD actually react to being enslaved in a manner other than placing a better bet on the rigged roulette wheel.
Come to think of it, WTF was he even talking about?
"... react to being enslaved"? LOL. So now we have someone actually advocating an emotional response? What world am I living on? Perhaps I can coin another B9K9 truism on the fly:
"Those who emotionally react are already dead."
IOW, you're a dead man bro, you just don't know it. The absolute key to survival is to clearly assess the situation at hand. Remember, the goal is to not only live, but to gain as much pussy, power & prestige as possible.
Given the facts on the ground, how are you going to accomplish these tasks? Or, are you going to quit by claiming these are a false set of rules?
RIGHT! Just as long as youre 'properly hedged' in the rigged casino and paid in worthless fiat currency, then YOU'RE ok! Got it all figured out do ya! Massively hillarious.
Remember, the goal is to not only live, but to gain as much pussy, power & prestige as possible.
Well no. A bit of Financial security and my Constitutional rights back is all I want. I'll do the rest. Power and Pussy, now that's begging for trouble. Be humble, and pray to God to help save our country.
A simple prayer really: "Lord, deliver us from Evil!"
If He wanted to, He would have done it already.
I missed your post listing actions we can take that would help the process of returning governance to the people. Would it be too much trouble for you to list them again?
Try meowing up another tree. Or maybe try reading some of my older articles and posts.
I have never "listed actions we can take that would help the process of returning governance to the people" because I have consistently said that until people get honest and centered within themselves, this won't happen.
What I've talked about is how to see your own dishonesty and once this becomes a part of your life, how to become more centered.
Meow!
The Eight National Crimes:
* I don’t think.
* I don’t know.
* I don’t care.
* I am too busy.
* I leave well enough alone.
* I have no time to read and find out.
* I am not interested.
* I don't vote.
A lot of people I've talked to are well aware that there be something rotten in the state of Denmark, but cannot conceive of what they can do about it except throw up their hands in surrender. I predict a return to tribalism, small groups of people that know each other and will band together to help each other survive the cataclysm.
The greatest crime of them all is the reproduction of those who commit those 8 crimes.
Cool. So now do you get my pop's meaning that you have "won the booby prize"? It really does pose an existential question, because all you're left with is "that's it"?
That's why one almost feels sorry for Blankfein, Obama, and all the rest. To outsiders, they may appear to have power & control, but once you're on inside you completely become inured to the "high".
It doesn't matter what it is, all human experiences quickly depreciate. It can be entail becoming bored with a beautiful model, tiring of sitting on the beach in front of your mansion all day, or wearying of shooting up another dose of high-grade heroin.
We are evolutionary products of change - it's the only real thing that rocks our world.
May I respectfully request that you spend some time reading my articles, particularly my 5 part series on "Welcome to the Insane Asylum".
Below is the link to chapter 5 of the 5 part series, which contains the links to the first 4 chapters as well.
http://www.zerohedge.com/article/welcome-insane-asylum-%E2%80%93-seeking-moral-courage-chapter-5
Below is a free .PDF file of the entire series.
http://www.scribd.com/doc/33507389/Welcome-to-the-Insane-Asylum-Our-Collective-Psychosis
CogDis, I promise to no longer use you as a proxy for those struggling with breaking through to clarity. Still, I must object to your opening statement in paper #5:
It’s generally understood by all that something that’s taken by force has much less value compared to the same thing given freely and willingly.
This is demonstrably false. All living things are evolutionary beings. Resource constraints are the primary limiters. Various strategies have evolved in competition for scarce resources.
The greatest optimal strategy for resource acquisition is to take that which already exists - it has the highest ROI on expended energy (aka energy cost of energy). If it doesn't exist freely (eg the commons), then one must take from others (via war/crime), otherwise one is reduced to producing their own resources. (Which has a very high energy cost.)
Superior power, strength, guile, political organization, etc are all tools that have evolved to help grant competitive advantages to those most effective at taking resources from others.
So, to the contrary, I would posit that:
It’s generally understood by all that something that’s taken by force/guile has much greater value compared to the same thing given freely and willingly.
However, there is an even easier proof: the US is a fascist empire which exploits other countries/regions in order gain a higher standard of living for its "citizens".
Well at least you read the first sentence of the fifth chapter. Only 42,493 words and 5 chapters to go. But you might want to start at the beginning, where over the next 112 pages I lay out my case.
Is it safe to call these papers your manifesto? If so then I might skim them. Just to play a game of spot the numerous "eccentricities".
No it would not be safe. Avoid them at all cost.
BTW, where have you been the past 20 or 25 weeks? No comments for a long while, then you return and raise hell. What has compelled you to suddenly return for the past 4 or 5 days?
"Fear is mind killer"
Dune, bitches!
LOL
I recently re-read the novel and the parallels to today's (worldwide) fascism are remarkable. I remember when I first read it decades ago thinking not only that the science was fiction but also the political situation was fictional as well. Not any more. Herbert made many social/political comments in Dune that ring today. He was a visionary.
Great book. I was spellbound by it as a teenager. I named my youngest boy Duncan, after Duncan Idaho (no sherlock).
CD,
I never thought I'd be posting here (although I've read for a while), but I had to tell you that your effort was exceedingly fine. I read it in full and plan to again shortly.
You're definitely on to something.
I've seen some profound stuff here from merehuman as well.
Regards.
Since I'm not one of the "insiders" the only rational choice is to stay out of this manipulated market and wait for the epic fail coming. Pick what you want to invest in. My choices are:
1. Pay down debt
2. Precious metals
3. Continue to educate self in economically valuable ways
4. Physical FRNs (they may become in VERY short supply when credit/debt implodes) This is higher risk due to QE however.
5. For those not so inclined - learn to build/make/repair stuff
6. If you have done all these and HAVE to invest, then go with broad international funds to spread the risk arround.
Then you're on the wrong site: this site is called Zero Hedge.
Years from now, people might be too busy focusing on day-to-day survival than to look back at past shenanigans.
Your comment suggests option #2. What if option #1 occurs?
Then it's I-Pads and 60 inch 3 D TVs for everyone.
At this point in the long cycle, the only bubble left to blow is War -- real war, not CW or WoT war.
Once that achieves liftoff, it's time to say goodbye to a significant majority of the planet's population.
What arises after that? Pick your scenario.
.
Ever see "Teenage Caveman", starring Robert Vaughn?
go see 'inception'
as someone said earlier, ECRI is only being looked at when it is positive; the shorts are getting banged once again
OOPS now the dip-master permabull 'tards are getting banged....go figure ;P
this market is not even a joke anymore.
If you're not laughing, you shouldn't be watching.
Clowns to the left of me
Jokers to the right
Here I am, stuck in the middle...
Problem:
- Worsening ECRI
- World record low housing starts
- Eurobor blowing out to new highs
- Unemployment getting worse
- Bonds ramping
Solution:
- Buy Stocks
LOL.....
LOL, there you go again..."PLUNGES"! What I want to know is who bought the dip this morning and made money!
I'm very bearish US equities but I have to agree with Leo that a drop from 10.5 to 10.7 hardly qualifies as a "plunge." The rate of descent on the ECRI has slowed dramatically over the past several weeks.
Let's not start falling prey to the same Newspeak tactics we're crying foul against.
@Mikebrah
Serious question. If the ECRI LI drop from positive territory to -10.7 in a matter of weeks was met with an 80-100 SPX ramp job with little or no pullback, wouldn't you be the least bit skeptical of that move?
Oh, I'm completely skeptical. There is no part of me that thinks we are witnessing free markets in action.
My comment was in regards to the most recent reading of -10.7 vs -10.5 and the .2 drop qualifying as a "plunge." The ECRI has plunged over the past few months, agreed. But this was the smallest weekly drop of that time frame and in my mind does not qualify as a "plunge."
Attempting to qualify it as a plunge is the same type of vernacular shenanigans that the Fed, USG practices.
I agree. While most of us on this site are fully skeptical of stats and actions by TPTB. But, we need to calibrate the language to the actual activity, or risk losing perspective and credibility.
OK, but my reading of it is that the ECRI "continues to plunge" from positive to -10.7 eithout any correlated move in the SPX since the ECRI LI was positive.
Definition of Good News today is: "Hey, it could've been worse."
Hey Leo,
I covered my shorts this morning and made money. Does that count? Did you buy the dips this morning?
Does the sun rise in the east?
Does a bear
Never mind, let's not go there!
Do you sell? Ever?
Did you buy the WED afternoon dip? And the THU midday dip?
--More curious than snarky actually.
What is a Leo dip? Can I set alerts? (Ok, that felt like snark)
Well, that part is never disclosed by Leo and the permabull 'tards....they never tell you WHEN the sold, they only ever post that they 'bought the dip' after they see another PPT rescue effort has pumped worthless stocks.
Dont forget the rate of the rate has also slowed down. In fact, it is odd CNBC has not pointed that out yet.
What are we talking about, everybody agreed on this site than numbers are fudged, we don't have correction coefficient for that, do we? We admit all the time that numbers are shit and then still discuss them, isn't it funny?
Eally raises an excellent point.
Here at ZH, maybe there is a math PhD who can come up with a Correction Coefficient (or two or three) so we can look at better numbers.
"Correction Coefficient", thanks for the most excellent term!
It's called www.shadowstats.com
Thx Cog Dis, I keep forgetting about those guys. I hope they have some of their numbers for free.
Free or not, doesn't matter. We need some real feelings of our membes, CD likes Shadow numbers, that's ok with me.
Speaking of CNBC, I accidently stumbled into Cramer's rant on Mad Money for a few minutes last night. He had a big January 2011 calendar on the wall. He claims that as of today's open , the market is now ignoring 2010 and ready to price in the supercharged earnings picture of 2011 Q1. The future is therefore certain and the past is " priced in ".
That's funny.
I see his big ugly mug on ads here though.
ahhh... the good ol' second derivative. who knew calculus would go mainstream?
Indeed. Forget the math connotations, derivative went popular when the media (or their puppy dog investor, Buffet) started focusing on these 'weapons of mass destruction'
Check out that yeild curve...our should I say line at this point.
So did you buy those dips in April, May, June, July? If so you only have negative alpha for those buys. Keep batting them out of the park. I am not buying nor shorting just yet.
For once I'm sure everyone would like you to say for once that you actually lost money buying a dip. But of course, you have access to the discount window so obviously you either are part of JP Morgan or full of...
I can't aruge with results. I'm amazed at how the market ignores the reality of at best a stagnant economy. My feable mind can only come to one conclusion and that is collusion and corruption. Nothing else makes sense. Don't give me the "Things are better then you thing" crap. I live in this world and it stinks and getting worst no matter what the propaganda is. I have to think that at some point in time it all goes Boom!
I keep hoping one of the geniuses that frequent this site will see something that triggers an inspired method for completely duping the manipulators. That's my little pipedream...
@Leo
The same bulltard dumbasses that bought at SPX 1575 in Oct. 2007. That logic works until is doesn't. And then there are consequences.
Yeah, you may have bought, but whether or not you made money is up to you to report. It is funny, no one EVER loses money on the internet... BTW, buying on such shitty news was stupid, just an observation when every indication is showing the market is way over bought even if you are a bull. Eventually your permabull attitude will blow up on you because even a blind man can see the fundamentals suck balls.
I was short at the open, covered when the hourly vix bull-signaled, and went long. I sold when spy went flat.
If you get too dogmatic about the shitty US economy and its structural flaws you miss the trades. Remember, one could tell that General Motors was essentially bankrupt ten years ago, but it took that long to come to pass. How much longer might it take the USA vs GM? I'll spot you that it was possible to tell USA was bankrupt as early as 2003.
@Leo K
Did you miss the internals of the GDP release? Absent some help from the G-men, the U.S. economy is flat-line. Some recovery, eh?
Take your profits Leo and crack open a PBR for a little beer 30 action cause this is nothing more than a trap. Blood on the board by end of the day and through next week.
el greco before getting too excited take a look at the volume ... these are running on fumes
Well Leo, Im sure you and all the others with rear view mirrors attached to your computer monitors did! Youre really just a joke at this point Leo, you should be posting on Yahoo! stock MB's with the other fuktards.
Listen shorty, cover while you still have a pot to piss in. :)
Go piss up a rope Leo!
Why such anger? You must be getting ravaged by the markets lately?
I'm 180 degrees against Leo's bullishness, but that doesn't warrant me cussing out anyone opposite my stance. I recognize and welcome Leo's posts, not so much those from yourself.
beso is right. Let's keep it reasonably civil in here.
Uh, besodemuerte, blow it out yer ass!
Don't hate Leo cuz he's making money. I'm not, and I don't.
He's like a patho gambler in Vegas - always willing to report wins, but never reports a loss.
Wait a minute. Didn't you just describe Reggie Milton over at the bust boom blog? I'm confused.
Making money, or just Fiat currency?
Yeah, this week is a noticable break from the previous trend. The ECRI WLI actually increased from 120.6 to 121.1 while the growth rate ticked down slightly to -10.7% from -10.5%. I expect the downward trend to continue but this most recent release is not a plunge. Though, I suppose you could agrue that it is a continuation of the plunge that started 2009.
Daytraders who understand that gaps ususally get filled.
We will see how your "buy at the dip" worked out at EOD.
HEY Leo gee have you now SOLD the dip you bought this morning? Or is the clear picture from your rear view mirror mounted on your monitor closer than they appear? Or do you need to wait until market close to announce your trades for the day?
When I dip, you dip, we dip...
So the second derviative is showing deceleration, like the Baltic Dry did before it ran up this week. Is it an inflection forming or dead cat bounce?
It doesn't matter, I have concluded the country, the USA, is lost. We have become in the past 100 years or so, but more so in the past generation (since JFK), a non-Constitutional Bureauratocracy. A country of thousands of laws selectively enforced by bureaucrats and politicians. A country without the most basic freedom of all: the freedom to be left alone to live ones life without an intrusive and oppressive government. Without that basic freedom, the freedom to live one's life outside the suffocating scope of laws and regulations and taxes, there is no freedom, and we are all servants to an a-Constitutional Bureauratocry.
Yes, a nasty by-product of fiat currency. All is not lost. When the economy folds in on itself, all the bureaucrats will be history and that will be the time to restore the Constitution and our freedom.
Just wait until we lose the 1st amendment. Thats when its really over.
It ain't over till it's over bitchez!
Wow, a Constitutional Bureautocracy. Second great term I learned just on the one thread.
So what to do:
a) suck it up and live under a soft dictatorship?
b) wait for it to crash and/or burn?
c) go to Peru (or wherever)?
d) ?
I had long thought that it was all going to come down long before now. Them TPTB really have a lot of clout to have let this rotten rigged game go on for so long.
We need term limits on all political positions immediately!!! IMO, a significant driver of the present predicament in which we find our country is a result of career risk with respect to politicians. Every decision they make is framed from the 'will this help me get re-elected' perspective. Politics should not be a career choice!
But...but...but consumers are confident!
RISK ON!!!! ;-)
Confident not to spend as in the earlier releases news today but that is all forgotten and ignored by HFT short gunners
This is going to end ugly when it finally breaks down properly. Consumers have stopped spending (in line with the revs numbers being poor in the latest earnings season), companies are investing for who-knows-what reason .... when they realise they are stuck with more machinery, computers etc but can't shift any product/services then there'll be the next wave of layoffs to preserve the bottom line.
It's all about hanging on till the real activity collapses, then it won't matter how many spoos these monkeys think they can buy to hold it up... it'll crumble under its own weight as every man and his dog try to flee the market.
"cardinal climax" baby, GOLD BITHCEZ
The prop job stops when ALL the Senators can cash out with low capital gains tax in August...initiate short positions and then cry wolf about the manipulation of information and how to fix it...
Patience bitches...
Speaking of senators, I just want to call everyone's attention to the SOB from Massachusetts:
http://blogs.marketwatch.com/election/2010/07/28/kerry-to-pay-yacht-tax-...
It's not just a job, it's a career!!!
...run today...
Hey, he's MY senator, not that I had anything to do about it. Here's a real laugh from Howie Carr:
http://www.bostonherald.com/news/columnists/view.bg?articleid=1270703
- Ned
I agree it's no joke it's pure corruption...but then everything on Wall Street in Washington has been corrupted for years..we are now passing into territory where the credibility of the entire system is worthless.
Thats the reality, the retail investor is gone, the 'consumer' is gone...now the 'anal-ysts' can electron microscope the data all they like but the reality is the Golden Goose is dead.
Got....to....get....to....end....of...the...month...before...letting.....go.
Phew, Thank God It's (end-of-month) Friday
And don't forget folks, it's also Bank Failure Friday as well.
Ahh, tonight, Bank Failure Friday.
I guess I will ride it out with a big shot of rye whiskey.
Brutally ranger-bound markets. Flogged in channel.
Beyond bizarre.
ORI
http://aadivaahan.wordpress.com
Was that haiku ?
Haiku are so elegent. They get right to the meat of a thing. Limmericks are also fun.
A bald-headed trader from Wall Street
Was feeling decidedly downbeat.
A phone call to Tim
Assured him he'd win
another big serving of tarp-treat.
I think you get extra credit for most creative use of Nantucket too.
Not intentional FAS, but thanks for the thought.
I'll try Haikuing from now on.
Cut to the gleaming bone with words.
Awesome.
ORI
http://aadivaahan.wordpress.com
hmmm...everything is ok. All these for lease signs mean nothing, all those empty buildings with boards over the windows nothing to see here move along, the homeless multiplying on street corners...nothing to see here move along, everything is A-Ok. 200 applicants for a position I offer that used to draw flies, nothing to see here move along, folks coming in telling me they don't care what I pay or what the job is they simply need a job...n
Nothing to see here move along. It is all good, nothing to see here move along.
Btw Gold and Ammo Bitches...
Can't have enough gold & ammo.
any bad news increases the chance of a new QE program,
so the gamblers pile back in and push up the prices.
the market is now inversely correlated with the strength of the economy.
it actually makes perfect sense when you consider the relationship of the financial elite to the useless eaters.
"useless eaters" is my new favorite expression of disdain.
The 'elite' are the real useless eaters, parasites who provide nothing, only live on the host of humanity.
i'll bet most of us here have a lot more in common with the "elite" than with the 6 billion or so useless eaters:
for one, we have some spare change to play around with...
...and we are trying to use that spare change to profit from the supposed collapse of the system while we enjoy it's benefits.
you can be a useless eater to one person, and a parasitic elite to another.
just sayin'
Clever
The stock market and the media that covers it are seriously demented.
At some point they will notice that nobody believes it anymore, that the hiperinflation experiment has failed and they should stop pretending it.
Markets go vertical 1% in no time at all.
The whole thing is corrupt, all markets, PM and data, all fabricated and manipulated.
We live in a world of pervasive dishonesty where distrusting Government is an imperitive, distrusting banks and financial system also and ignoring regulators as corrupt, neccessary.
We know most politicians are paid for and will never put people before their owners.
Everything is corruption. The Whitehouse pointless.
Where do I put my money? Markets? Who knows when that will be allowed to crash. PMs? Yes as insurance but it wont produce a return in the meantime. Cash? How safe are banks, and what rates?
I agree the only option is get a property that can produce most of your food needs, keep some cash and PMs and forget about the world.
If these mongrels ever get their due punishment, public garrotting, I want to be in the crowd cheering.
The market is manipulated. Larger ES buy block was activated at 9:41 (~5 minutes before the official release). Who ever was manipulating (kept buying ES until S&P hit 1100) knew the PMI numbers ahead of the release (most likely the manipulator was the government -- US Treasury or Fed proxies)
it never happens as fast as you think it will and after the black swan shit hits you in the eye, you can't imagine how you didn't see it in time to move.
I hear that but how much patience does one need? I have been hearing this matra for 2 freaking years! For all I know this could continue for another 10 years and I will die waiting for the truth. I'm more about the truth being revealed and feeling justified then I am about making $$. I have enough $$. I feel like I'm in a straight jacket everyday. When will the truth be revealed if ever?
@PatsPal
Chill
http://www.lyricsdepot.com/gordon-lightfoot/wherefore-and-why.html
My guess is sooner than you think.
Try a little civil disobedience. It will make you feel better. Nothing big, maybe just take a left turn when the arrow is red and nothing is coming.