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Having weathered this storm, we need to get on to predicting the next dip. Don't want another 2 months like the last.
your right Aladdin. onwards and upwards! (no pun intended.)
A key point he makes that I could not have said any better:
"...what's the easiest way to engineer a perception that all is well? A massive stock market rally that forces everyone who bet against the Fed to cover their bets, a rally so sharp and powerful that it triggers every technical "buy" on the planet: Advance-decline line: BUY! Rising moving averages: BUY! Dow Theory: BUY! "
The underlined boldface emphasis is my own and my point of the idiocy of believing that the manipulators are not more than aware of the technical trading community that perpetuates the fraud Ponzi scheme by feeding into their old technicals that used to be backed by volume and real market participants giving the price movements in the respective markets their legitimacy. If I had a trillion dollar printing press, I could put ANY market into a "buy" uptrend breakout Andrews pitchfork Fibonnaci salad spinnner Jack LaLanne juicer Big Bird boo-yah buy signal.... Watch out Uncle Ben, black swans seems to come out of nowhere....
+1111 well said
Just a last spasm of a corpse that has not understood the brain is long dead prior to the bacterial work that is about to happen.
Even the parasites that killed the host too will be cremated for public safety prior to disposal. I understand that they are developing acid disposal and pour corpse down drain as being easier and less energy intensive versus the fire.
I have an acquaintance that used to sell/deal a fair amount of drugs. This is a person that I pretty much only knew in passing. Anyway, he was one day discussing body disposal in Mexico. One day he talked about some guy that dissolved the bodies in hydrochloric acid for about $5/body. Then there was another group of people who would take the bodies out to the desert, dump the bodies and let the crows and ants eat the bodies, then come back and pulverize the bones to dust.
The world is actually a lot more scary than people realize.
I farm all my body disposal duties to a subsidiary in China. For .50 cents per body, they unpack them from the shipping containter, dress them in a Mao Suit, and salt them away at some party position. Oftimes they get a salary.
Really? I saw the DOW rally nearly 1000 points in the course of 24 hours last year. That seemed pretty sharp to me.
Really? When exactly was that? I just checked and besides a flashcrash there is no such 1000 point rally in a day.
The Dow soared 15% in ONE FRICKING DAY in mid-March 1933, when the NYSE reopened after the bank holiday. Last week wasn't no 15 percent rally.
Research doesn't 'show' anything unless CHS cites hard numbers to prove his point. Until proven otherwise, his assertions about 1644 et al are just a load of sensationalist bilge ... and way below his usual high standard.
Not taking sides as im dubious on what CHS is saying here but using the 40% dollar deval v gold to produce a 15% one day anomoly isnt worthy of disproving his claims.
Sorry, the dollar devaluation against gold didn't start until several months after the bank holiday. Consult 'Monetary History of the United States' and then try again.
I stand corrected. I think this is the chronological order of events :
March 6th the President forbade the hording of gold , $10,000 fine and/or 10yr prison(order 6102)
March 9th Emergency banking act (bank holiday) a de facto deposit guarantee ending the bank runs.
March 15th , first day of trading since EBA , market +15%
April 5th Exec Order 6102 signed
May 1st 1933 deadline for gold returns
Jan 31st 1934 Gold officialy revalued from 20 to 35
look at one year weekly and this candle stands out like a sore thumb to you
Extra Extra! Read All About It! On Zero-Hedge, why only yesterday...
"117 SPX pts 10 days 8.4% increase Nov-Dec 2007"
So, suckwallamadugga, Charlie. Hi Zilch!
One day Charile will be right about the market. People comment on the economy should stop trying to call market turns. Wipeeeeee ouuuuuuut
As Marcus said yesty, and I quote:
by MarcusAurelius on Fri, 07/08/2011 - 19:33#1438673
You know this is mind boggling that people even remotely consider that this is anything but a dead cat bounce. What recovery in the past fifty years was quatitative easing used? What recovery had unemployment this high and with no end in sight? What recovery had consumers in so much debt? What recovery happened with no corporations hiring and afraid to hire. What recovery happened where proper accounting was thrown out the window? What recovery was there where housing was contracting like it is still? I mean this is as obvious as the sun rises that governments are dealing with a global depression becuase of debt. It won't be solved until the debt is purged.
Chucky's on a real roll these days, but prolly about time to STFU for a while...
Biggest rally since 1644?? Gimme a fucking break--CHS is the new Leo...
Go long, please. All in, if possible. I'll even borrow the shares to sell you.
what about the panic of 10,000 BC and the massive glacier short? no mention...
That was actually bullish. The distruction of the glaciers was epic and the resulting rebuilding added significant GDP.
And the glaciers themselves were only transient.
I am still short North Sea glaciers...
all betting on the come, buy the rumor, sell the news. trouble is the news leaking out (Friday's smployment numbers and today's WP revelation that the Senate Dems are back to smokin' rope)...portends a very, very bad outcome.
With that Democratic Senate proposal ($4 trillion in non-entitlement cuts, $2 trillion in taxes) Monday could be 'very interesting'
Since Oct 1928, The Dow has increased by 5.43% (last week's rally) or more on a weekly basis in 80 different weeks.
Articles like these turn Zero Hedge into Fox News Rants....
Which begs the question, why did he say this? His credibility will vanish in a heartbeat with historical errors like this.
Really --- I was wondering if I had somehow slipped into reading "The Onion" by mistake.
Actually into staged talking head arguments by forum, not on live tv. Less filling and less stressful.
Articles like these turn Zero Hedge into Fox News Rants....
I guess Tyler felt the need for some putative if dubious "balance", given how leo quislingasskiss' liberal-statist rants were turning his particular soiled corner of ZeroHedge into MSNBC.
+1000. Posters need to get their fucking facts right before they come here ( or cum here)
The consumer debt numbers are giving a false impression of growth because the government has apparently added into the data recently government student loans. This info comes from Pragmatic Capitalism:
The Federal Reserve reported a rise in consumer credit this afternoon, but as I’ve noted in past months, this data is entirely skewed by the newly added Federal Government student loan program which has given recent consumer credit data the appearance of a significant improvement. If you back out this newly added data you actually get a continuation in the negative trend in consumer credit with a month on month decline of $1.6B. Year over year the figure is still dropping 5.6%. It’s not a pretty picture out there despite the government’s efforts to right the ship.
Ignore the credit card data.
That is just Physical Silver and Gold purchased on a unsecured credit card.
I didn't say it was easy.
Who wouldn't want a Cakewalk into Town though?
No, you're missing the wood for the trees. It isn't about stocks, it's about bonds.
Where do you go if you don't want to be in bonds?
absolutely. having said that REIT's are still the better performer--with the Silver Surfer top dog.
And all these girls these days trying to learn how to
Nope, the reason you don't want to be in bonds any more is the yield is too low. Cash is lower still.
They are going to stocks and maybe gold.
Invest in Barley.
Someone else who reads the Farmers Weekly.
Interesting [do a grep of my posts on Barley if you want].
Gold. Make way , 1600 coming through. All aboard. DOW-Gold ratio still has oodles more room before it gets to a level sustainable for an economic revival.
Yeah, well you and I might. But the sheeple have been well and truly told that gold is in a bubble. They know bonds and stocks. Period.
So when bonds tank at the next auction?
When bonds tank at the next auction , the dollar will drop a % or so against the other ugly sister fiat currencies (yawn , who cares) and stocks will probably rally a fraction of that % , and gold will jump up another 50 bucks. Rinse repeat until a dollar , euro or british pound wont buy you sachet of starbucks sugar and golds >4k , your 401k still looks like crap and so does the chances of selling your house.
Oh , and gas will be still be more expensive , relative to your income , to fill up than it is now.
My research shows a pretty sharp rally back in 410.
Frogs to the boil yesterday, plague and dynastic collapse today.
Tyler -- could we please move on to the more pressing "Alien Takeover" or cometary impact soon? Even a supervolcano perhaps?
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