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This ugly number which will merely further cement the case for further monetary or fiscal stimulus (and forget the latter), will come just in time for the Manufacturing ISM to print sub 50, and send the confirmation that we have all been waiting for that the US economy is now officially contracting.
Oh but just think how bad things would have been without all the stimuli, bailouts and pork. You have to consider GDP saved or created...
The winds of deflation are picking up quickly now.
Don't worry, Obama will tap the SPR again soon. Everything will be better.
BUY BUY BUY
It's all good because stocks won't drop like in 2008. Larry Kantor says so.
Until...something else comes along.
Think outside the box, my friend
Bad news does not seem to do anything...but make the market go up....they will call it "unused opportunity"
I remember saying those exact words about a month before the dot com crash.
Everyone was marveling at the negative revenues of companies with rising stock prices: "The bad news doesn't seem to matter..."
...and then it did.
In my opinion, the market is where it is because of two factors - the Fed POMO activity and the perceptiont that S&P earnings growth is high and will be sustained indefinitely into the future. At some point though, the combination of input cost pressures and high unemployment/underemployment is going to reduce profit growth or cause an absolute reduction in profits. Then, we will see what we will see.
Must.....maintain....mythical DOW 12,000.....must keep.....401K Bathrobe Brigades.....from getting nervous.....must pump...
Hey dog, I'm really tired of getting stopped out of my /es puts, could you let me know when tteh QE3 is finally priced in so i can stop wasting my money?
No idea! Only way the world is running is by elephants dancing on the head of a pin with 'QE-no QE' daily flip flops depending on whats crashing that particular day.
Sounds like a bad case of Bernankerea.
I agree DOG....that is 80% of the market today....getting and keeping it up so people do not fear their quarterly 401K reports.....to bad its all fake...these low volume up days are going to come back to haunt us and they will drop fast..
Must keep Silver below $36
in your personal opinion... how much more ressources, how many more little tricks do they still have to keep silver below 36 und thus under the radar of the general public?
Nobody knows (or at least those that are honest), but it appears to be a situation where the price will one day soon be dictated to by true market forces and demand for physical. Keep looking for a true historic Gold to Silver ratio of 15:1, or 10:1; hence the establishment knocks down Gold or reins it in to keep both in line -- so keep buying these dips as that 15:1 or 10:1 will look solid when Gold hits 3k
At least the level is higher now. I can remember people complaining about silver market suppresion when it was $5/oz
REITs in full blast off now...they have full control now. Time to relentlessly bid them up with wreckless abandon.
To the fucking moon!
They used the moon's graviational pull to slingshot further into the galaxy.
Yea, they are still up even with the sell off in the broader market. Hey, why the fuck not. What is left to lose now? Credibility?
Most of the FED's 'assets' are in that REIT crap, must....pump 'assets'....must cause inflation....of our worthless....'assets'...
Sell AVB today.
It's some amazing shit. That they can keep it at these levels or even jam it higher is just a testament to their unrelenting dedication to fraud. Unreal.
Just replace "assets" with "ass-hats" and your statement makes all the more sense. It almost sounds the same anyway.
Where is my parabolic Silver?
Buried under 38,000,000 ounces of counterfeit paper Silver.
Eurosclerosis has finally set in to US economy.
That was an inevitability once the point of diminishing returns of endless monetary stimulus was reached.
I was watching a great zombie movie last nite, the trick is to keep flexing the joints of the zombie to prevent rigormortis from setting in.
I predict a resurgence of zombie movies (no pun)
It is a genre that needs resuscitation. Or maybe just some rejuvenation.
What's going to be today's news release at 3pm EST to save the plunge? Bambi's mother is alive?
Ashraf Nailed, about QE3 and latest FED moves:
They can't print oil. The strategic oil reserves are physically limited. Eventually the oil will run out and then what will they do?
New highs for SBUX, BBBY, and assorted other retailers.
Must be celebrating yesterday's "tax cut" by unleashing the SPR.
There's a party going on right here......Celebrate good times come on......
Whoops looks like instead of lasting the year it lasted.......24 hours. Another excellent move by an administration who believes that intervening in the markets is a better strategy than actually doing something about the economy.
Alas, one wonders what quid pro quo one gets for paying almost $40k a seat for a dinner @ Daniel (nyc) with Obama. Said dinner took place last night.
Worst news flow since 2008 and the REITs and retailers are less than 3% off 3-year highs.
I wonder when the real selloff gets going??
So now we wait 'til next Friday (ISM) or the following Friday for NFP to find out if 200 DMA meets its match. Not! That leaves too much time for TBTB to design more of those surprise stick save reversals. Master Plan remains to secure the public perception that commodities are cheaper now and the (401k) market holds in the 12m's.
"Maybe a two-headed Black Swan" would be a deal breaker. Italy/Spain downgrade and US Budget Impasse II.
Yep, first sign of trouble in Europe.
What do do?, What to do??
I am no specialist but would conclude the contrary amigo
you recommend sell so i buy.
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But I thought Quantitative easing was not like printing, I mean it is just to re-capitalize the banks via excess reserves right? Why do you people use the word 'printing' like Bernanke is throwing money out of an helicopter?
I agree the government is throwing money out of the window with keynesian stimulus etc but it is different then the FED right? Thank you to clarify, I am new here and a bit confused.
The Treasury borrows money...from primary dealers....with a guarantee to flip to the Fed...at a profit.
So the US Gov is borrowing from itself. That's Money printing. Can you do that?
Volume is continuing to nosedive.
That of course opens the door to volatility (Bots trading around established positions, shaking out weak hands)
And of course means that covert spreads are way wider (thanks to HFT quote stuffing and order flashing)
Which all translates into a tough road to hoe for most traders not using multiple Sparc stations in parallel running neural algos.
Of course just plain cheating is the most effective algo of them all. Hiding in plain sight, camouflaged by tech cover story
Maybe Mc Donalds could fire 30k employees who salt the french fries and then rehire them the following month so it is a positive for the NFP, sounds like Obamanomics to me!
Michelle Antoinette would be devastated by the loss of the french fries. She proclaimed yesterday that she just couldn't stop eating them.
Wow! Is this what has caused stocks to fall off the wagon so far this morning?
Check Silver, it's falling even more..
Stocks, EUR, SILVER usually moves in same direction,
so when you cheering Stocks fall, don't forget count your
loses in PM holdings as well. Silver lost $2.40/ oz so far
since 2 days ago.
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