• Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.
  • Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.

It's the end of QE (as we know it)

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Fri, 10/30/2009 - 15:05 | 115404 colonial
colonial's picture

This seems to be the site to ponder the following...assuming the stock rally off a 6-handle spx was liquidity driven, is it not accurate to say that today's markets have many new ways to play this on the short side?  If equities are being rented, not owned, are those renters content to just sell and buy bonds?  Even a quick move could mean a 150 pt drop in the spx. 

Fri, 10/30/2009 - 14:19 | 115339 Prophet of Wise
Prophet of Wise's picture

Leg bone connected to the shin bone. US Fed bone connected to the BIS bone connected to the IMF bone connected to the City of London Corp bone connected to the Reichsbannk bone connected to the BOE bone connected to the Barrick Gold bone connected to the Seven Sisters bone connected to the US Treasury bone connectd to the plunger on the back of the toilet because it is all willfully sending your wealth down the same hole!  

Fri, 10/30/2009 - 13:21 | 115273 aldousd
aldousd's picture

EB, I love your writing style. It's like MOMO for my mind.

Fri, 10/30/2009 - 13:12 | 115259 uptick1028
uptick1028's picture

That's Great EB...well said !!!!

Fri, 10/30/2009 - 13:03 | 115240 Noah Vail
Noah Vail's picture

Could someone translate that gobblygook for me?

Fri, 10/30/2009 - 15:07 | 115407 Gunther
Gunther's picture

Noah, are you new here?

Let' see: PD: Primary Dealer, Goldman JPM…
Treasure Island maxed out: Bond buying by the Fed is done
Uncle Timmy's…wares: US govt bonds
QE: fancy term for electronic money printing; buying us govt bonds ended, buying Mortgage Backed Securities from Fannie Mae and Freddie Mac still continues
CRE reset: Reset of Commercial Real Estate loan

That should translate the slang into regular words.

Fri, 10/30/2009 - 13:23 | 115275 EB
EB's picture

Markets = fine china on table.  Fed QE funny money = table cloth on the table.  Fed = unskilled magician.  Floor = S&P 500 fair value. 

Hope this clears it all up.

Fri, 10/30/2009 - 20:56 | 115775 Marge N Call
Marge N Call's picture

+10. Well said.

Fri, 10/30/2009 - 15:08 | 115409 Gunther
Gunther's picture

lol

Fri, 10/30/2009 - 12:54 | 115211 Anonymous
Anonymous's picture

Love that QE is the same as QE _ Queen's English, cuz that is what we is gettinin

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