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What a joke. Now again today the euro is up? Can anyone tell me what planet I'm on? Central bankers must be hard at work again loadin' up their balance sheets full of sh1t ass euro's.
Clearly it is Bizzarro world where lying is perfectly acceptable, nay, expected, and magical money and derivatives of debt derived from debt make some people wealthy while driving the majority of people into poverty and unemployment.
Cycles and cycles within cycles. Life is more interesting this way.
Whats frightening is the fact that when this no volume market cracks, it's going to crumble. I'm fairly certain market rallies based off central bank FX manioulation cannot be sustained forever.....or can they?
I agree with you. A continued rally predicated on Euro strength? Their riots are right around the corner and even in our dilapidated state we have a larger economy albeit it broken. How much money have central banks spent just to prop the Euro? It is still not assauging fears and so many broke nations so close geographically is a prelude to war.
Just look at BBY today. Another soon to be bankrupt company with expensive products, Monstrous retail space and leasing costs and they are having their lunch eaten by Amazon. Factor in Americans losing jobs and ending unemployment benefits and sprinkle in a rising dollar you have double mega dip.
Empire Manufacturing came in lower again. Forecast was 21 and came in at 19.6, showing ZERO manufacturing growth.
I can't wait until Thursday to see how badly manipulated the CPI is this time.
i am really confused ..isnt a Head and Shoulders pattern a perfectly "Normal market " behaviour...
or the Manipulators are deliberately drawing out that pattern ...just for fun or for the sake of technicals.....
Since almost all retail traders have been leaving in droves it will be the clash of the Titans II as institution vs. institution in the largest tournament of musical chairs will determine the who will be holding the bag for the entire stock market...lmao
Amen. The 5 biggest bagholders in history with the Big 4 Banks + The Fed. And now there is a legion of pissed of hedge funds short squeezed to death over the past year salivating at turning them against one another. The plates keep spinning until someone takes their ball and goes home. They sure as shit cannot expect 401ks to pay their way as in the past.
"On the other hand, seeing how much credibility (none) the Greek government has, after having been caught lying about its deficit for years, is this really a surprise?"
Interestingly enough, you could take out "Greek government" and put in his place "Rating Agency", "Goldman Sachs", "ECB", "FED", "Bernanke", "Draghi", "Barroso"... whatever, and the sentence would maintain its validity...
Rising Libor? It doesn't matter! What matters is the fact that NORTH KOREA will be SMASHED today!
Brasil will SMASH North Korea national team, today in Johannesburg, for the World Cup!
I hope Kim Jong il doesn't sink some brazilian vessels in retaliation...
By the way, CALA BOCA GALVAO!!
Moodys is a ward of the state. Just another skirmish in the currency war.
As suggested earlier, the EURUSD daily chart is giving bullish signals.
Gott sei Dank
Sounds like "If we don't get the ratings we want to sustain the Ponzi and suck pension/mutal fund bond investors in, we are going to roll around on the ground crying, banging our fists, and shitting our pants"
Oh well, I'll give them credit for beating the shit out of Moodys, perhaps the end will justify the means here....or not.
Anyone notice the underperformance of banks over last 2 sessions. UYG normally moves a bit more than >2x SPX, but today just -1.9%, vs SPX +1.3%.. ominous :o
Long SKF US as libor goes north.
Since 1800.. wildcapital.
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