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Latest In Long Chain Of EOD Levitation Ramps Brings ES To Day's High
Following yesterday's market ramp on the latest European bailout which after some contemplation the world realized was far less definitive than most had expected, in essence being yet another rotation of risk from the PIIGS to the core, today's market action was very listless, although sure enough, courtesy of the abysmal volume which was at monthly lows for both ES and the MVOLNYE. If even yesterday's European TARP was unable to get the buying interest into the market then pretty much nothing will. Oh sure, the market will ramp on news of a debt ceiling deal which will likely come next week, which explains why there a short covering squeeze with seconds to go, but the secular trend of ever declining stock volume means that the Fed will soon need to reevaluate its policy of boosting the stock market as a proxy for the economy as not even the kleptocrats have any desire to rotate worthless fiat into future dividend promises.
MVOLNYE
ES and ramp
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Learn from Zero-Haaj be cheese!
Huh?
You say cheese?
How ya doin, cuz?
Thomas Hobbes, bitchez!
There isn't going to be a debt deal next week.
unfathomable
Why? The Tea Party now has the upper hand. Reid blew it by tabling the House bill today.
And no one will care. The last time the government closed, the biggest complaint that I remembered was cancelled vacation plans because Federal Parks were closed.
6 days big deal.
When WE default as a Nation, it's gonna hurt.
Oh, it will hurt some but not everyone. It will be a lifestyle change where the general public carries guns. No different than a 120 years ago.
mynhair,
I say there "will" be a debt deal next Monday night because of op-ex in metals next Tuesday.
I have seen more than one MSM news channel floating the Idea that if a deal is done that Gold and Silver will plummet.
Everybody here at ZH knows that it should do the opposite and would go up because the money printing will continue.
The seed has been planted for the cover of the paper takedown before op-ex.
Monday night or Tuesday morning take your pick as it will happen.
when op-ex happens, that means those who owe must liquidate position right? That will drive the Spot Price down.
Any other way to consider a positive rise in metal prices on Op-ex days?
Those who owe means the price is "out of the money" Yes ?
They must make them Sell or Roll
Out of the money = Sell
In the money = Roll
"Any other way to consider a positive rise in metal prices on Op-ex days"?
I think it only happened "Once" in 2 years I think it was November of 2009 if I am not mistaken..........?
There are people here on ZH that trade these contracts. Would love to hear their view on this.
Obummer on the boob tube again right now saying talks have broken down and Boehner has walked away. And of course, Obummer says it is all Repubs fault.
Obummer says now the main goal is to extend the debt ceiling until after the election.
Stirring the Shitpot.......................
I still say Monday Night or Tuesday Morning an agreement will be made to frontrun metals
op-ex on Tuesday
Book it !
Looks to me that new highs are imminent
As long as the QQQ is leading the way, I'd stay with the trend.
Most indexes posted here:
http://clearstation.etrade.com/cgi-bin/bbs?post_id=9759512
It boggles my mind to have this much drama over the debt ceiling and QQQ hits a multi year high. Are they on crack? The only sane reason I can see for the Nasdaq doing so well is that tech is the best asset America has and will best preserve it's value during inflation. The US is highly likely to have it's credit downgraded. Will the markets keep going up if the system starts to crumble? Go figure. Sadly I bought puts on QQQ at the top but in hindsight it may be the most resilient ETF around if inflation protection is the reason for it's strength. Likely we will see next week.
"The Earth upon which the sea, and the rivers and waters, upon which food and the tribes of man have arisen, upon which this breathing, moving life exists, shall afford us precedence in drinking."
- Prithvi Sukta, Atharva Veda
machines with money
While propaganda reaches new levels.
http://www.tmz.com/2011/07/19/michelle-obama-extreme-makeover-home-editi...
Michelle Obama is all set to become the next big reality TV star -- the First Lady has announced she'll be appearing on an upcoming episode of "Extreme Makeover: Home Edition." Obama is slated to help build a new greenhouse and a children's play area for a community resource center for homeless female military vets in Fayetteville, N.C.
Oh, I thought it was Extreme Makeover: Home Girl Edition. I figured they were gonna lipo about 60 lbs. of burger grease out of her rhino ass, and maybe a nose job and a little dental work.
Think Zimbabwe - once you have grasped the fact that FRN's are losing purchasing power faster than the debt clock is upticking, you will see how stock prices can go in only one direction - UP. Never underestimate the replacement power of stocks within an inflationary SPIRAL.
http://blogs.abcnews.com/thenote/2011/07/faa-faces-potential-shutdown-if...
FAA Faces Potential Shutdown if Congress Doesn't Pass Bill by Midnight Friday
Make it up by furloughing the TSA. So simple, even a Squirrel can do it.
Silly cat, squirrels are for eating.
Man, this country is screwed without employees who collect taxes from airlines. Now what?
If they could fire those IRS agents and TSA agents, that would be a good start.
Leave no TSA groper behind.
old article, but still a good read Is the PPT an Urban Myth?
so, what exactly good about that article? for all its extended verbosity, all it does is show - yet again - the entire 'argument' to support the idea of the PPT, is that it is not theoretically impossible. that is it. absolutely no evidence that it does exist, nor any consideration of legal or logistical improbabilities.
on the plus side, it is always encouraging to see vociferous proponents of the utterly stupid so completely unable to back themself up when given the opportunity.
gosh, what a surprise!
the phrase "extended verbosity" is itself "extendedly (sic) verbose"
F#-G............
F#-G............
Jaws?
the algos will save us....this market is a joke
http://www.thetrader.se/2011/07/22/hft-algo-refresh-on-this-zzzzzzzzzzzzz-day/
Seen in a Zimbabwe restroom...
http://www.huffingtonpost.com/2011/07/22/john-boehner-debt-ceiling_n_907...
John Boehner: 'No Deal' On Debt Ceiling, Democrats Have 'Done Nothing
Speaker John Boehner declared Friday that the House has "done its job" toward resolving the impasse over raising the government's debt limit and said it was time for the Senate to act.
Continue to pass Cut Cap and Balance till it passes the senate. Screw democrats who want to continue this BS.
PROVIDED a trillion more in cuts are included each time.
The higher they go, the further they fall!
It appears that Obama is expanding Section 8 housing divison.
http://online.wsj.com/article/SB1000142405311190423340457645830000133221...
New highs in shopping center and apartment REITs. (BRE, SPG)
By far, the strongest sector next to the retail stocks.
Even ladders come with better warnings than this market - DO NOT STAND ON THIS STEP OR HIGHER.
If you have a skyhook from Heli-Ben it si safe to stand on that upper step. Well, untill the helo fuel runs out, then you are all fd
o is talking...boehner's walking
bullshit talks & money walks....
Is there manipulation or even a ppt in the equity markets? How could there not be, were dealing with money. Straight to the source, its like being able to grow money trees. Its greed, plain and simple. Speaking of greed, how about corperate deception thru bullshit advertisements. One small example right here in front us is an ad to supplement your power needs thru solar panels. Hey Im all for that but here we have this cocksucker selling this bullshit cd "For a limited time only", when all you have to do is google the info. Fucking greedy cocksucker made you sit thru 20 minutes pure shit sales pitches just to see wtf he was getting at. Also now that the holders of lulu,wynn,crm,GRMC(a plactic egg of coffe grounds for a single cup of coffe-are you fucking serious?),nflx and so forth are at billionare status as far as the asking price for the stock, Who is going to buy this overpriced shit from these people?
They're holding up the market to get to............Jackson Hole. Count on it.
Supplement your power needs with solar panels? I've been completely off the grid since 1980 or so. I ran the air conditioner all day today and it's still on after sunset.
Most is with (obviously) 1980 tech, though some is newer as I've grown it over the years. But you have to grow a pair and pay for it upfront, which means you have to be responsible with money and time. Which is why guys like me are quite rare.
While I can't waste as much power as many do (you adapt), I manage this with the amount of panels that fit on the roof of a 512 sq ft per floor house...I'll be welding and running the mill and lathe tomorrow, along with that AC I believe.
Panels made by Solarex, currently owned by BP -- that should tell you something. Before that they were owned by Amoco. They know the music is going to stop and are making that chair for themselves. Good stuff, even the 30 yr old ones still meet specs.
Batteries by Rolls, inverters by Xantrex, both in Canada, they make good stuff. The rest made by me, a retired engineer with a clue.
Payout? Well, in the 30+ years or so I've homesteaded this "bare" land, I've only paid taxes on "barns and sheds" because you know what? Without (aptly named) power company power, you don't have to have building permits and can't have a "dwelling" - and therefore can't be taxed on one. Pays for itself every year, completely disregarding the price of the electricity.
Some of us have been getting ready for what's about to happen for some decades now. Surprise!
It sounds excellent. Maybe you could share share more details with somebody like National Geographic. Best wishes.
Only a restructuring of the international monetary system and its underlying economic theories will help resolve the sovereign debt crisis in the US and Europe.
Check out the latest from the Capital Research Institute (CRI):
The Financial System - A House of Cards