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Might be the best post ever!
Dave Rovelli was just "explaining" the VIX to CNBC viewers and told them that if you buy the March 24 call you "only have until Friday" before it expires. Awesome.
That's a "professional" there, kids. Now we see why you should let Cannacord manage all of your money.
I'm sure good ol' Dave will sell you the contract too. Vol is only sold by the pros cause it's never something that goes up for very long... total bs.
Dunno, but this pro is long both Mar and Apr vol.
I wont even rant if somebody wants to be long the VXX here; the term structure of vol is suddenly quite flat, instead of it's usual "screw the VXX investors" backwardation.
Long straddle ftw!
obviously typed out by some copy-n-paste clerk. dont see Japan mentioned..
probably Leo the Canadian clown/crone
PS. if you've lost him TD, sorry, but he deserved an acid bath
:"firmer footing"
are you kidding? how much lying can we take
Do you think you are being treated, unfairly? Perhaps a heavy boot to the throat would be preferable to you?
;)
Do you have something you'd rather be doing, Atkinson, than marching up and down the square?
Ask and ye shall receive:
http://www.youtube.com/watch?v=nLJ8ILIE780
"subprime is contained"
apparently we've been taking it for a while.
perhaps the most monstrous crime in the history of civilization what they're getting away with... and nobody does a fucking thing about it
I believe that should read, "subprime will likely be contained..."
firmer = better than expected radiation poisoning
FCX mar 52.5s only up 370% few days before exp
The Bernank could come right out and say; Yes Fed policy is driving food inflation worldwide causing riots and revolutions but we are monitoring the situation.
Everyone would be like, tell us something we don't already know. But Wall Street and CNBC's jaws would drop saying, what did Bernanke just say?
It's a sick joke our leaders have become.
Fruit inflation
Yes Fed policy is driving food inflation worldwide causing riots and revolutions....
LIBERTARIAN LUNACY ALERT!
Please explain the spike in grains in 2007/8, before QE and before rates dropped to zero.
Rice:
http://finviz.com/futures_charts.ashx?t=ZR&p=w1
Wheat:
http://finviz.com/futures_charts.ashx?t=ZW&p=w1
Corn:
http://finviz.com/futures_charts.ashx?t=ZC&p=w1
etc. etc. etc.
Don't say blah blah blah when blah will do.
Wonder if the markets will rally on an already unnecessary Fed statement.
Readers Digest version of Fed meeting:
"Kill the dollar. Pass the Gravy. Meeting adjourned".
or "What total bullshit can we come up with this month lads to cover bailing out our bankrupt bum chums in DC and WS ?"
But "Fed watcher" Liesman says and the apparatchik Pissani say it is an upgrade
he LiesMan
King Euro
on a day when euribors have outperformed eurollars by 10 ticks and euro up on the day. can anyone explain this one to me or maybe just pass me the crack pipe?
the dollar is negative on the day
Ben 'Blah Blah Blah, QE Virtuous Circle Jerk' Bernanke
:)
When will they print yen? Why not?
Meh.
When will they print yen?
When China starts outsourcing jobs to the Fed.
could not have said it better my self
the FED has become a joke
When was it not?? It is truly a blight upon the world.
The triggering of "war pretext incidents" is part of the Pentagon's assumptions. In fact it is an integral part of US military history.(See Richard Sanders, War Pretext Incidents, How to Start a War, Global Outlook, published in two parts, Issues 2 and 3, 2002-2003).
In 1962, the Joint Chiefs of Staff had envisaged a secret plan entitled "Operation Northwoods", to deliberately trigger civilian casualties to justify the invasion of Cuba:
There is no evidence that the Pentagon or the CIA played a direct role in recent terrorist attacks, including those in Indonesia (2002), India (2001), Turkey (2003) and Saudi Arabia (2003).
According to the reports, the attacks were undertaken by organizations (or cells of these organizations), which operate quite independently, with a certain degree of autonomy. This independence is in the very nature of a covert intelligence operation. The «intelligence asset» is not in direct contact with its covert sponsors. It is not necessarily cognizant of the role it plays on behalf of its intelligence sponsors.
The fundamental question is who is behind them? Through what sources are they being financed? What is the underlying network of ties?
For instance, in the case of the 2002 Bali bomb attack, the alleged terrorist organization Jemaah Islamiah had links to Indonesia's military intelligence (BIN), which in turn has links to the CIA and Australian intelligence.
The December 2001 terrorist attacks on the Indian Parliament --which contributed to pushing India and Pakistan to the brink of war-- were allegedly conducted by two Pakistan-based rebel groups, Lashkar-e-Taiba ("Army of the Pure") and Jaish-e-Muhammad ("Army of Mohammed"), both of which according to the Council on Foreign Relations (CFR) are supported by Pakistan's ISI. (Council on Foreign Relations at http://www.terrorismanswers.com/groups/harakat2.html , Washington 2002).
What the CFR fails to acknowledge is the crucial relationship between the ISI and the CIA and the fact that the ISI continues to support Lashkar, Jaish and the militant Jammu and Kashmir Hizbul Mujahideen (JKHM), while also collaborating with the CIA. (For further details see Michel Chossudovsky, Fabricating an Enemy, March 2003, http://www.globalresearch.ca/articles/CHO301B.html )
A 2002 classified outbrief drafted to guide the Pentagon "calls for the creation of a so-called 'Proactive, Pre-emptive Operations Group' (P2OG), to launch secret operations aimed at "stimulating reactions" among terrorists and states possessing weapons of mass destruction -- that is, for instance, prodding terrorist cells into action and exposing themselves to 'quick-response' attacks by U.S. forces." (William Arkin, The Secret War, The Los Angeles Times, 27 October 2002)
The P2OG initiative is nothing new. It essentially extends an existing apparatus of covert operations. Amply documented, the CIA has supported terrorist groups since the Cold War era. This "prodding of terrorist cells" under covert intelligence operations often requires the infiltration and training of the radical groups linked to Al Qaeda.
In this regard, covert support by the US military and intelligence apparatus has been channeled to various Islamic terrorist organizations through a complex network of intermediaries and intelligence proxies. In the course of the 1990s, agencies of the US government have collaborated with Al Qaeda in a number of covert operations, as confirmed by a 1997 report of the Republican Party Committee of the US Congress. (See US Congress, 16 January 1997, http://www.globalresearch.ca/articles/DCH109A.html ). In fact during the war in Bosnia US weapons inspectors were working with Al Qaeda operatives, bringing in large amounts of weapons for the Bosnian Muslim Army.
In other words, the Clinton Administration was "harboring terrorists". Moreover, official statements and intelligence reports confirm links between US military-intelligence units and Al Qaeda operatives, as occurred in Bosnia (mid 1990s), Kosovo (1998-99) and Macedonia (2001).(See See Michel Chossudovsky, War and Globalisation, The Truth behind September 11, Global Outlook, 2003, Chapter 3, http://globalresearch.ca/globaloutlook/truth911.html )
The Bush Administration and NATO had links to Al Qaeda in Macedonia. And this happened barely a few weeks before September 11, 2001, Senior U.S. military advisers from a private mercenary outfit on contract to the Pentagon, were fighting alongside Mujahideen in the terrorist attacks on the Macedonian Security forces. This is documented by the Macedonian press and statements made by the Macedonian authorities. (See Michel Chossudovsky, op cit). The U.S. government and the Islamic Militant Network were working hand in glove in supporting and financing the National Liberation Army (NLA), which was involved in the terrorist attacks in Macedonia.
booo!
Al-Qaeda, bitches!
http://www.informationclearinghouse.info/article5428.htm
michele carouso cabrerra (hate bitches w hyphenated names) looks like see had a face transplant.
It don't help bitch! You can't fix stupid!
very passionate. she should stop trying to be one with the detractors--her mind and her means of expression seem far from broken to me.
I guess a nuke accident is not enough for the FEDsters to stop lying! Would not wonder to see a green close today, what a joke!
short the farking pump
this fucked up stock market will be green before 4 oclock,,,unfucking believable...
un - i don't think that prefix means what you think it means.
There is no market. It's a casino and the house always wins.
Data are manipulated by auditors, exchanges move the goal posts with higher margins, rates don't float freely, etc.
What most people call 'investing' is simply speculation in game you can't possibly benefit from honestly.
I think it will end down around 90 points. Allowing it to finish green will appear suspicious, so the PPT will probably enter on the sellside for a change.
Then, tomorrow, when nuclear disaster is fully priced in, the market will be ramped 200 points on slightly better than expected (manipulated) payroll data.
Interestingly, however, the DXY is now negative. It was up significantly earlier today.
At what point will the "uncanny stockmarket valley" be reached and investors bolt from the sheer unbelievabilty.
http://en.wikipedia.org/wiki/Uncanny_valley
I think I'm gonna puke.
Bob Pisani is creaming his jeans live on CNBC. He said "That's an upgrade" after reading a few sentences from the Fed statement.
It's like watching your neighbors kid at the school play. You understand he's just a kid and you like your neighbor. But you just cringe as the 8 year old trips over his tunic for the 5th time. And yet there's you neighbor oblivious to it all, smiling from ear to ear while filming the entire disaster for posterity. You just know he's going to pull that video out come your visit next Christmas.
Yes Bob, we are so proud of your little monster.
It's more like watching Yosemite Sam stomping explosives under the floor boards of his house, as Bugs keeps handing him ever more powerfull containers to push into the hole. You know a match is coming soon, but he just keeps stomping away...
You know I kind of read the changes as an upgrade. I think they might be getting ready to pack up the printer for a month or two at the end of June. Does nobody else read it this way? Oh by the way I'm not saying I think the economy is anywhere near healthy I'm just trying to deconstruct the fedspeak.
It's quite plausible. In order for the Fed to extend this game out much further they need to regain some credibility. That means putting the printer away and biting the bullet......until the little piggies squeal and ask for more milk from the Fed teat.
you think that sucks CD? try watching nickteen with trav and the kids.
LOL
The pain must be unbelievable.
So I'm assuming "stable inflation expectations" means we all are and have been expecting high inflation
Stable inflation expectations - for the elite.
As they only use 0.1% of their income on food and energy, they will be just fine.
The rest of us will just have to eat iPad's.
"No dissenting votes". Reports going around of seeing Hank Paulson entering building with large bulge under suitjacket.
Other reports state he has no bulge under suitpants.
if you flip Paulsons head there's a Falcon on the back i heard somewhere recently... weird !
....don't know where these rumours start
Word 2003 bitchez; will catch unlected ringleaders in their tracks.
But when will this make mainstream? Neva!
Bob Pisani, Steve Liesman, Jimmy Cramer, all preparing the sheep for delousing.
Come on in. The water's nice and warm. Fukushima swimming pool FTMFW.
If you ever wanted a reason NOT to trade equites- AND THE MARKET IS NOT FIXED!!! Its today....Japan is falling in the ocean...down 15% in two trading days...so buy...hahaha
I wrote about it early this morning...
http://www.entendance.com/forums/viewtopic.php?f=6&t=794&p=16011#p16011
I can't comment on this thread. My head is already close to exploding....
It's easier to smoke crack when you use a pipe.
safer, too....so i'm told of course....
I see, so you were a crack baby as well.
you just know this rally is coming out of bernanke's bunghole.
Always seems to happen on Berskank spew days. Flighty shorts get fleeced.
Though this one seemed to go 2 S&P points better than expected.
Feels like the Fed has control of the market now....except for a mushroom cloud over Tokyo, nothing is going to stop them from new highs again here
computer say dollar much weak then the opening----so BUY!!!!!
They undoubted spent weeks debating the proper coordination of conjunctions.
SSDD= Same Shit Different Day? (I don't normally cuss). Sorry.
WWMEED?
BTF gap down D
That red line revision is fucking hilarious!
The economy at the moment is based on printing and debt. Once this stops, it can’t breathe on its own. This is not going well for the Fed. It eventually will end with the removal of the Fed from the government.
At this point, it's going to end in utter ruin.
Yes, it’s going to end in utter ruin - of their captured financial system. And that is the day this nation will be economically free.
It looks to me like Bernanke’s trying to prevent a stock market collapse. With all the bad news piling in, it gives the appearance of water building up behind a dam. With the debt at $14 trillion, and with the cost of the rebuilding of Japan from its current devastation estimated to be in the hundreds of billions, we can begin to get an idea of just how economy-boggling $14 trillion is. It’s a number you can’t wrap your arms around, and yet the Fed is “dealing” with the number.
And they’ve got an administration that just cannot hold back on this overflow spending. Both party leaderships expect that the budget can’t be brought into balance for up to 20 years from now! These people are abject criminals.
Everybody’s going to pay with higher and higher gas prices, higher food prices, higher energy prices, unemployment, houses dropping, rents dropping, purchasing power dropping... These people, these Sarah Bloom Raskins, don’t have the answer; the only answer that they have is to reward their friends. And that ain’t enough to save the country!
There is a point where it ends. And $14 trillion takes you to the bottom of the hole. And the hole does have a bottom. Nothing in the world that is manmade goes on forever. Sarah and Ben and their FOMC are just driving it deeper… and deeper... and deeper...
"Yes, it’s going to end in utter ruin - of their captured financial system."
They're gonna take all of us with them. At this point the snap will break too much.
Bernanke is wiping out the 99.9 to benefit the one-tenth of one percent.
A slight hike in a $26,000 401(k) invested in a rising stock market isn’t going to appease the natives who are expending the bulk of their income on indiscretionaries such as insurance for health care, drugs, cars and houses; food; heat; gasoline; car repair, property taxes; credit card interest; bank fees; college tuition, business supplies, and taxes/SS - with stagnant wages or declining small business income and 0% return on savings.
Methinks the natives are getting restless ; fortunately, the bankers appear to be overwhelmingly outnumbered. :))
Man, this shit isn't worth it.
When I get home I am drinking a 5th of Absolute and smoking a few bowls.
It sure is wonderful to know that I will spend my adulthood in a 3rd world economic hell-hole!
You cannot make this stuff up anymore.
Why aren't people in the streets?
Do we need to lose another 8 million jobs and get 40% U-6 before it starts?
Well said.
green...baby..green giant shoots
nevermind the 3rd largest country's economy may start glowing...Crap, Nothing But Crap says its so..so its SO...soooooooo
and the FED(who aint fedup of the FED lies and sheeit?) propergander..own the the proper outlets and you control the gander
Banana Republic, baby.
And no, we won't be wearing the khakis, we'll be sewing them together.
But it's all good because we'll be at full employment.
Want people in the streets? Just take away their bread (food stamps) and circuses (American Idol, ESPN, etc.). Until that happens let the games continue.
I suggest a monster spliff...
Do you think that, once the Meeting Minutes are released, we'll see the word "Japan" in there somewhere???
CNBC has become unwatchable! That idiot cramer this morning says hey we are only down 2 percent thats nothing...then the market rallies 150 points and in the same fucking day says he is a buyer here....wtf ?? what an asshole...the fed and their minions on tv can stick their ponzi up their collective asses ... ive had enough... from now on its Three's Company reruns on tv all day and ZH on the laptop.
Jumpin' jeehosafats man! Get a grip! NO ONE can take that much 3's company! It's suicide man!
Cramer told RON PAUL that WE MUST BOW to the IMF's Wishes.
http://www.youtube.com/watch?v=Mm9dXWQEQPQ
MUST!
Cramer is a real piece of work and a beta male, loser!
You don't want to miss Daring Rovel's feature on Japanese baseball.
I'm gonna let you in on a little secret... It's all a misunderstanding based on overhearing the wrong thing and the landlord has a wild imagination. (Now that I think about it, 3s Company is kinda similiar to a Fed Meeting sans the sweet 70's cans)
mmmmmmmm....sweet 70's cans
CNBC has been unwatchable since 2008. It's been unbearable since 2009. It's made me welcome the apocalypse since 2010. And I think you're pretty much their last viewer.
Something definitely is going on. 2- and 5-year Treasuries are in the red. Corporate bonds appear to be in the red too. Market rallying. The "risk-on" trade seems to be back on.
check FCX
It is risk on because the japanese govt has basically shut down the news to save the economy . Fuck the people we must save the economy . Now imagine the same thing anywhere in the world . That is Globalism , that is the new world order . Run by .001 percent of the population who probably don't realize they are 100% pure satanists or maybe they do realize it and they have so much fuck you money they could care less .
All is well. Nothing to see. Continue shopping. Go to work. All is well.
I avoid all the complexities of financial markets quite simply. I don't have much money - easy as that. In the spirit of contributing to Project Mayhem I'll cheerfully accept advice on how to go about purchasing physical silver. Canadian Maple Leafs sure are pretty. My preference would be to walk into a store, furnish my name (cash) and walk out. Maybe a kind soul could refer me to a link here as I assume it's come up before. (Anti-Junk suit zippered and buttoned up tight.)
If you want the best price possible, you'll have to deal online using some form of electronic payment. Otherwise, just call a few coin stores in your area and ask them how much for rolls.
You missed the boat for getting deals, though. Ebay, using bing cashback(plus others), coupled with people who still didn't realize the value of their lots made for some amazing deals. You could pick up the numi coins for their melt and bullion for 10-25% off melt. You could even buy eagle/maple rolls at melt, if patient.
I stopped trying. Best I can ever find is probably 5-7% off melt, and even that's rare now.
Thank you! Just got my feet wet with a few dozen Maple Leafs. What's interesting to me is I bought from a place my kids recommended. They are in their twenties (I started early as I just squeak into the Generation X crowd). They aren't into video game toys but they fear something bad is "right around the corner". Like many, they can't quite put their finger on exactly what it is...but are leary about the future. They hate banks and so do many of their friends and they are not left wing greenies that default to that position.
They know what a Credit Default Swap is for Gawd sakes...kids these days...
When I was that age I was worried mostly about beer and pot and could roll one up in a jiffy with a 16 oz. can of beer on top of my head. I'm going to learn more and stock up. If at the very least I get to do my part and toss one in JPM's fanny in the tiniest of ways I'll be happy. Thanks again! I appreciate it!
Since the army is broke the only way to fight the fictional terrorist is to fukk with the economies of all nations by exporting the Chairsatan toilet paper.
Why couldn't the japanese disaster happen to the Fed. You know I think they are gonn apush people to revolution here in the US.
19 days is all we need, just like Egypt.
You can feel the world's frustrations with the elites. One dipshit GOP/DEMon is gonna fukk with us the wrong the way and she'll blow.
Just watch this year
Not to worry, Nobama all over it (golf and Bball brackets-that is). Maybe he going to challenge the whacky Qadaffy to a skins game with a free-throw tie breaker. Winner gets Libya.
Looks like even POMO and Fed Speak Tuesday may go limp.
Witching 3 o'clock hour has arrived. I see dead money.
No mention of Japan in ChairSatan's empty words. If they're as attentive to Japan as they are to inflation, they will mention Japan in 2014.
Ramp those bids, monkeys. I predict a ramp right up to 15 minutes, then the Red Bull/Monster/Crank wears off and we close down.
Or, could be part of a retracement up to the 1300 mark over the next 24 to 48 hours....
I am drinking Red Bull right now.
Red Bull + Jager.
Gives You Wings, bitchez!
Baby, was that avatar pic supposed to be you? Because if you drink as much as you say you do, I'm betting you look more like Ann Wilson.
And if you're as young as you say you are, you can google that and see what I'm inferring.
But I wonder if you're either.
Hey! Ann has nothing on Kirstie before NTRI!
Yes, it is me.
I know, I know, It's Bad pic.
I can never seem to take one that looks any good scaled down for ZH standards ;)
EDIT: I just googled her. She is 61 and looks like she had her face sliced and diced at least a dozen times. yuck!
Don't worry we can print as much as you need and there is free $ 1,000,000 t-bills to the first 1500 peple in line, stay calm carry on..........
REITs now positive...
You just can't make this stuff up.
I guess SPG, VNO, BXP, etc have no exposure to Japanese office and commercial real estate.
Truly an astounding display of in-yo-face jacking.
No one has exposure to the 3rd largest economy. It is amazing. Must be the use of derivatives?
It's so unbelievably pathetic that it's actually funny. This is like your girlfriend claiming she isn't cheating WHILE she's screwing her boyfriend IN FRONT OF YOU.
I just give up. This is nothing more cartoonish bullshit at this point.
Except this gal looks like a fish and smells like a turd and the dude is actually a gigolo ready to bolt the moment her funds run out.
GS have insured their exposure with JPM, and JPM with GS. Problem solved.
As long as their debt is being bought and/or marked to cost, or they just walk away from properties you won't get any satisfaction shorting these....The cards are closely held
In other words, it's a total fraud.
To quote a cartoon character:
"Hmmmm, it's a possibility...."
THey cannot let the commercial property veneer crack -- doomsday. It ultimately will, but pretend and extend is still alive for now....
Which makes it a total fraud.
If you don't believe in an eventual recovery of commercial real estate, it sure is. If you think this is a 'transitory' rough patch, you could argue this method is sort of a 'public good'...a fraud, but a 'good fraud' - if there is such a thing
I shorted these in 2007 - I wouldn't touch them now. The FED et al are too involved with some of the paper at this point
the goldilocks takedown..just right..a tweak here and there..not too much to cause the 'masters' to end up dangling, or the media zitz to 'poked' and 'prodded' by the no longer middle but broke class..drip..drip.. drip...and the great chess board game continues
Gee, I'm so impressed with the strength of our free market today that I can't decide whether to finally buy stocks or go to Phoenix and offer a 2006 price for a house.
looks like we might just get a green close.
this is worse than the internet bubble. if/when qe ends, it is going to be a disaster.
and Richard "The Dissenter" Fisher said " ". <crickets>
ha ha ha...dow down 97 points and they get away with this sheeeit
why not close green? Armegeddon like destruction...no problem...3rd largest economy offline...no problem...middle east on fire...no problem...its unbelievable, what could possibly make this market go down? Ive seen bigger dips for no reason at all...This is typical... we will rally to unch... and then when the news cycle is over we rally size because the news is over, but we never went down...it really is a crime scene
What if this whole thing is related to Ben starting a Cialis regimen in July?
Magic Fed Bucks
Liquidity is one thing, coordinated buys are something totally different.
I am telling ya..the big banks have a gentlemans agreement not to sell. Somewhere in their sick mind they believe if they bring the markets back to 2008 levels they can fool the public into thinking Bernanke & Obama are saviors and we made money on these bailouts. 2 years now were going on this marking up of stock prices.
We all see what happens when any volume is brought to the markets...they take the elevator down. Meanwhile they hope and pray and let HFT's volley the same shares back and forth at marked up prices.
"I am telling ya..the big banks have a gentlemans agreement not to sell."
Agree 100%
They have become even Biggerer to Fail just buy accumulating shares and they will resort to more financial terrorism by destroying the markets if Ben takes away the candy. more
You could be right. Good luck to them re. finding suckers to buy their shares in the future.
Amazing.
this will send the markets down 300-400..
03-15 15:04: Apple delays launch of iPad 2 in Japan, WSJ reports
Jesus, they are really gonna have the market at par by close.
Incredible.
I think I see the pattern now.
Pro's short overnight. Retail smuck like me goes short when market opens. Pro's cover all day. screw the little guy.
repeat
BINGO! THat spiking action you're seeing now - that's weak handed shorts covering big time...The down 'mo' is gone for now..
I'm seeing at least a 50% retrace from the low the last few days, and using that for a TZA entry. Missed the TZA low by 53 cents today. It works until it doesn't.
I'm not a trader - more of a scrounger of the 'unloved' (like nattygas), but am feathering in a few TZAs too, to satisfy my gambling itch - of course, this means I'll have my ass handed to me and sell right before the Russell turns down again
LOL, you know, you always think that you've seen it all.
But, this is truly one of the most laughable and fucked up attempts at propoganda I have ever seen in my 38 years on this planet.
This is an unmitigated fucking joke.
hehehehehe
It would be natural for pressure in the system to be released at a time like this. That Benny and the boys won't even allow a little release indicates something of the seriousness of their alleged control.
So what does everyone think Bernanke is doing right now? Is the Fed buying, or is he telling the PDs to buy?
Shorts are doing this all by themselves...
Interesting...maybe that's why we're seeing accelerated selling into the close? Maybe the shorts covered, and then the selling resumed?
Shorts were bailing for sure. Might be some folks positioning themselves for a wave up tomorrow too. But usually when you see that parabolic (up) or water fall (down) movement, you can bet fear and or greed is actively at play...
What shorts? Short interest is the lowest it's been for years, afaik.
I think a bunch of yo-yos piled in this morning waiting for the 'big one', and got their head handed to them. Watched NFLX today - green the whole day. Shorties were squeezed big time...
Shorts from the prior close. Just like today and 6 mins into AH.