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Someone forgot to change Johnny 5's fuses. The result: no mas liquidez. Luckily, all the "skeptics" managed to sell just ahead of the turn.
h/t Sal Arnuk
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Blame it on the snowstorm. Sell SPY to buy snow shovels.
El Timoteo Geithnerio la esta cagando.
Mierda dura al tipo!
Les falta crecer un pal de huevos/cojones a esos cabrones!
Donde Esta La Biblioteca?
Mis pantalones son en fuego.
Donde esta las chicas?
Oro, perras!
+1
LOL
+un mil trescientos ochenta y un
Dinero gratis de la fed
Por favor, encienda la electricidad
dos cervesas, por favor.
Stay thirsty my friends.
ein beer, fraulein!
zwei bier, bitte.
I don't drink beer often, but when I do, it's Dos Equis!
Stay thirsty my friends!
Dos Equis is peasant swill!
Chimay Trappist Ale, bitches!
Y otra de gambas!
No, no voy.
Yo creo esta usted poco loco en el coco.
Me pone la cal en el coco.
True, but let's be honest- it's down only a small fraction. I'll get excited when I see the S&P (Shit & Piss) break through 1000 this week. Until then, Uncle BEnron will save the ponzi!
Yes, this is a very small move. The chart scaling makes it look much bigger than it really is.
I understand why your excited about the S&P dropping to true levels but you do realize millions of people, like my parents, have their retirment linked directly to this market and the S&P and the pain will be substantial. I want a fair market as much as the next guy and I rmemebr reaidng a quote from lenin that he wanted suffering in order to acheive ideological goals. It's a very human trait. But I actually hope it just stays where it is and goes sideways at least until people wake up.
If people wake up I doubt it can continue to go sideways.
Translation, until my family and friends are out of harm's way...
+1 - it's ok to have empathy for others but unless it literally flatlines till housing is fixed there is no safe place to hide unless your parents get out!
Translation, my family and friends don't want to listen to sensible economic advice and I don't think they should be punished with the other sheeple
Further translation: Barbaric relics are for, well, Barbarians! :>D
Rick, I think you got it wrong. The S&P dropping to true levels will help the mom & pops of the world more than hurt them. If the market manipulation perpetuates, even more unsuspecting/unsophisticated investors will be duped into the market, and then, even more pain will be felt. Hope is not a strategy. Tell your parents to get out while they still can.
I must disagee. Perpetuation of the ponzi, is caused by inaction on mom and pop's part. The "economy" is not recovering because it is set to fail in its current state.
Once everything can be reset, then we can move on. Tell your parents to get out while they can rick. Buy gold and silver.
Artificial markets will only make things that much worse...
Millions of people , like your parents , are the reason we have got to this fked-up-beyond-repair-financial-system in the first place Rick. How about you educate your parents to get their "retirement" out of the ponzi, at whatever cost , and buy something tangible without leverage. Land , precious metals , maybe something sustainable like a farm? Not wealthy enough? Then tell them to use it to get completely debt free. Retirements are going to get robbed whatever happens.
Hoping we "muddle through" is wishful thinking.
Cry me a river when the crash comes , the Boomers can kiss my fiat-wiped a$$.
I had some boomers telling me that most people my age (20s) shouldn't make political decisions because we're not wise yet.
Wait a second, the people (and their parents) who were alive when the Fed, Income Tax, Medicare, Social Security, Medicaid and more were all passed to enslave their offspring to fund their self-beneficial Ponzi Schemes, are telling me that we're not wise enough. Give me a break. These old people need to retire and stop acting like they had such a hard time. Most boomers lived two or three lives of consumption - look at all the cars, houses, vacation houses, and abandoned shopping centers with new ones right down the road - while we'll be lucky to get one life of "consumption."
The boomer generation as a whole has certainly over consumed and spawned a couple of generations of wannabe-over-consumers. Boomers have had the benefit of living life at the pinnacle of mankind , until a game-changing energy source is found or a few billion people disappear that is.
Boomers should watch soylent green a few more times. Hey they made it.
Almost all of us baby boomers had no power to change anything. Like someone said here last year that he was smart enough to know if he was driving the car or was in the back seat being driven. You say you're in your 20's, when are you going to fix everything? Children born in the next few years may be asking someday.
This, coming from the generation that stated: "Trust no one over 30??" Go long Hypocrisy!
the wisdom of age skipped the boomer generation with their delusions of immortality, and new age economics.
if you want sage advice, find the someones who were around in the 1930's. you know, the US before Keynsianism and the FED ponzi fully metastasized. They'll explain the concepts of saving for a rainy day, pay as you go, darning socks, reusing aluminum foil, picking the mold off day old bread, and earning money involved getting dirty by actually physically making things people want-with your bare hands!
Blaming the victim, how productive is that?
You think Boomers are victims?
ooh-kaay.....
I think you'll find about the same ratio of smart folks and dumbshits in every generation.
Not much to be gained by characterizing any generation as a whole.
I agree. Granfalloons all around.
Not to belittle your point but your nick just makes me want to say
"And now for something we hope you'll really like!"
to which Bullwinkle will reply:
"Watch me pull a rabbit out of my hat!"
That would be Rocky The Flying Squirrel. My namesake is the old Beatle's tune.
Please do for your parents what I have done for mine: Don't count on the S&P, rather refocus on capital preservation and preservation of purchasing power. Shift them to PM's.
If they don't they may very well face a much diminished quality of life in retirement.
If you live beyond your means, eventually, you will leave beneath your means.
That's the wrong question. If the S&P is doomed will it save your parents' retirement if the government ignores the problem and props it up for a few more years? Especially if it means an even worse crash, than fixing the problem now?
The best thing for your parents retirement would have been, to face the problem and deal with it back 5 or 10 years ago when it first became obvious. Not paper it over with bailouts.
The problems just keep coming back and they will keep coming back until they are dealt with, or the whole phony system collapses.
We now know the powers that be will never solve the problems, they are totally committed to covering up and hiding the problem until the whole system blows sky high.
In the meantime, Zerohedge readers have been warned. You have already had 3 years to prepare yourself and your parents. What have you done besides hope the government's coverup keeps working?
Rick, It would be great if everything went sideways until everyone woke up, especially the machines at the Kurzweil Singularity and these problems would be behind us. But it is the process of and timing of people waking up that will determine who gets how big a bite of the inevitable crap sandwich. You owe it to your parents to convince them to wake up now, and get out of any investments tied to the S&P or the entire ponzi market for that matter. It was hard, but even I convinced my congenitally Liberal parents the the great re-balancing is almost upon us (hardly a selfless act of my part) and rearange their investments acordingly. What I haven't convinced them of is how their beliefs and voting habits lead to this, but that matters less to me.
Tell your parent to put their investments into hard asset funds.
Yes. It was only a 5pt drop. Meaningless. Looks scary on the chart but in reality SPX is only 3 pts off the high.
point is, the S&P can drop 5 points in less than 1 minute. no bull will be able to get out when it drops 100 points in 5 minutes. by the time you bulls log into your account and enter your sell, it will already be too late.
every bull....on every messgae board, blog, etc says they will be able to get out in time.
TPTB will not allow a 100 point drop in 5 minutes, or a 50 point drop, or a 20 point drop. Don't you get it???
There are no circuit breakers. When the hill is filled up with retail suckers, thats when they let it go...
the stock market is the last sacrifice, but they'll do it if they need to drive money to treasuries to support the ever growing government. Banksters will make their normal scrapes. they'd much rather have some foreign financial trouble drive money to treasuries, but if they can't sacrifice a country in a timely manner they'll do a flash crash.
Your saying that The Ben Bernank will sacrifice the market to save treasuries would have merit if we actually need real people with real money to buy them.
POMO Bitchez!!
oh yeah, the bernanke put. LMAO!
101- I must say for the first time ever I agree with Hairy. Indeed, this was just a small glitch; hardly worth the print! However, your point is well taken and thus, although Hairy is correct that this is just a small blip, when the real thing occurs, it will be too late for the idiot bulls.
Notice how the markets are on edge? BTFD, and then bail out before the next guy!
Musical chairs... is our market's new mantra!
Yes but it's going to be dropping and dropping. It's going to go down to 4. It's going to keep going. Oh shit this isn't a gold thread. Only those need mountains made out of molehills.
@missing_link agreed and ZH has been guilty of that a few times.
What I find interesting is that this big block wasn't handled by a dark pool or any of that other bullshit. In absolute terms it may not be significant, but it is sending me a clear signal. Sell!
El Bernank es pura verga!
LOL. Now a total ramp job on no volume...
Time to stop bashing them with words and switch to something more concrete?
From the article:
“There was a period for remorse of banks but I think this period is over,” Mr. Diamond told a parliamentary committee. ”The question for us is how do we put some of the blame game behind us.”
remorse for about a nanosecond.
cunts.
I FOUND IT!!!
Video of the PPT/HFT room today... as they really screwed up! The instruments got blurry, they had to decide... those 21 year old computer geeks froze under the pressure! Nightmares ensued!!!!!!
www.youtube.com/watch?v=1oTvAnOrdKQ&feature=related
No mas? Espana problemas? Pienso.
whats going on here....need some explanations...
Oops? ummmm guys... clean up on isle...
Straight to hell. One way ticket.
Or energy climb again? Most up, more storms, more supply problems, more crude problems?
Brent at 97.50
That's the sound of HAL slowly singing "Daisy Daisy, tell me your answer true"...
That's the sound of HAL slowly singing "Daisy Daisy, tell me your answer true"...
Another flash crash? This is becoming soooo cliche!
Awesome! 6 points down, 250.64 to go.
this is a serious dump.
Correct. A guy can almost never be sure about those last 20 minutes....but I would bet selling intensifies here.
Actually looks to be gaining some strength on the dip buyers. We'll see but all indications are now looking toward a SPX 6-8 pt gain.
And right on cue, here we go moving higher quickly into the close. Pretty simple, really.
As it is with Zen, I urge you to be the Dip, HarryWang.
Whatever, I am past thinking I can make money in the financial markets anymore. I used to get all excited from a good month or week, now......who cares.
I am not going to fight the computers anymore, its boring and pointless.
I am going to the beach, its 80deg. in FL today. PEACE!!
there you go...enjoy it!
headed for red
3...2...1
Buy the dip, Bitchez!!!!!!!
There was volume selling just after the WSJ article on Plosser came out. http://on.wsj.com/fwhqIo and his comments that "the economy would have to be pretty weak and inflation expectations falling" for him to support even more Fed easing down the road. Not to mention "he worried that the Fed wasn't paying enough attention to the long-term consequences of its policies". Glad to see some hawks getting the Fed vote in 2011.
we hit red. i like how the commodities are hardly budging. in fact silver is going up!
The smell of burning circuits is normal right?
I could see them dumping NFLX crm CMG BIDU Amzn pcln ect all day into the run up
Flash crash 1 was fun. 2 may not be.
Sure, NFLX, et al, but how could a real blue chip like PCLN be down 2.5% ? Harry?
Timberrrrrrrrrrr
EUR/USD tick-for-tick.
told you to buy the dip... Back to black and not looking back!!!!!
bouncing back!
Tyler,
Here's a classic quote for you...
"Robin Griffiths, a technical strategist at Cazenove Capital, told CNBC: "I think not owning gold is a form of insanity. It may even show unhealthy masochistic tendencies, which might need medical attention."
He added that the dollar was heading for "oblivion"."
http://www.telegraph.co.uk/finance/personalfinance/investing/gold/8253166/Youre-insane-if-you-dont-own-gold-investors-told.html
so what does he recommend then?
It is unclear. If you find out, please let me know.
Full interview here - http://www.cnbc.com/id/40997445
man if you buy now you make money probably. or else you lose money.
Spot on analysis! The market will recover from this point, or from points lower.
0.6% drop in 30 minutes on no news. What a great time to be alive.
I know. TD gets excited over the littlest things... serious. From a bear, this is nothing.
damn u , waddel and reed!
STANDBY while I BTFD.....
i think we are falling back to red this time.
This is merely a technical problem as the indexes have all gone to Android Froyo platform, and not all the bugs have been worked out.
They would have gone to Apple OS, but the lack of Flash was a real problem.
Looks like the FED now REALLY IS THE ONLY BUYER OF EVERYTHING!!
Print more FIAT dollars Ben! You're doing a bang up job!! HAHAHAHAH!
Just gotta say you've got the best avatar icon on the whole site, laugh every time a see it.
LOL me too, it makes my day everytime I see him. I'm not sure what it is supposed to represent, I've seen him called the 'screamin' slice of meatloaf' by some and that gets me laughing too
good luck all -
Google for "Domokun"
It's mine it's all mine. Everything that nobody cares about is MINE. ALL MINE!!!
I like the VIX perking up a little as the S&P recovers...tension in the air as the Fed pumps the enema fluid into the victim.
... there came the bounce. We're not ALLOWED to finish red today. The DJIA PLUNGED an UNCONTROLLABLE 0.2% yesterday, that should be sufficient for at LEAST a 3% rally over the next 2-3 days.
The market will close near its intraday high.
I'll take the other side of that trade, inkt2002.
I have taken enough money from bears the last 2 years.
These Bears will never learn :(
Too easy.
Does anyone else get the feeling that this is a test of the PPP? Are they there or not? It happens over and over when the POMO days are not known or are not in effect. I know it was ~8B today, but that ramped the market from 11 to 1. Now there's uncertainty about tomorrow's Fed POMO announcment. Thoughts?
Compra el descenso, puta !
Breaking news: The two POMO dudes are back from lunch. Rally on
aw come on. there is still time for another bungee jump before the day is over.
From now on btfd applies while it is still in the green too. if i goes from up, to not up quite as much then BUY BUY BUY!
craapl down two fiddy. it's teotwawki
wow...a 5 point drop. is that what we're reduced to here?
Exactly - and it "recovered" 3 points already. Seriously, gang, until it's a 20-30 point drop, it's meaningless.
slow news day
Ahhhh never mind. Today's excitement over, all better again. Back to moronic medication. Don't think, just drink. Take two and call me in the morning.
Must have been a few fools left that had stop losses inputed. Shake the tree, if nothing falls out worth picking up...
Move along, nothing to see here.
Here's a question. I notice an enormous number of "doji" and similar candles on short-terms on the SPY and QQQQ, especially on down moves. More it seems, than naturally exist in most markets. Do the HFT boys actually work to paint these kind of candles, so the nervous bears will cover and tech boys will get long?
"Bouncing like a red, rubber ball"
Da, doot, doot, doot, daaaa!
True Art (or Neil).
Update please
Johnny chit house 5 + Max Keisers 1 min & 35 secs says bankster gangsters are lining up at costco for double packs of adult diapers: http://www.maxkeiser.com/
SpeakerFTD,
No reason for them to work that fast. They have both an intraday and eod target handed to them for the fix prior to trading. DXY too.
Thbe real max keiser 1 min 35 sec link to bankster pants chitting!! http://maxkeiser.com/2011/01/11/nice-one/ Excuse please!
Ok Tyler, I' bored...when do we get the next Bang De Ho?
Bang Dai-Ho and his wife both wear size 8 shoes, so who is bigger?
Bang Dai-Ho, because his wife is just a little Ho.
So far, BAC is still green.
And AAPL is still over $320.
That's all that matters.
Now, let's get back to the voracious dip buying....
Sooner or later, Trichet is going to emerge from the Opium Den after banging his 17-year old mistress and start bailing out entire countries.
LOL.....
Hush son , no one cares about what you think matters , just keep posting pics of hot chics you cant get close to. Perhaps zerohedge can give you a room so we dont have threads hijacked with your incessant white noise.
wanger how long have you been doing this, were you around when everytime AOL dropped a point the buyers would step in...Just asking?
What a wonderful country; 23 milliion ignorant, thick headed, optimists all puffing on their "let's make a bubble" pipes at once. Whee; fun for everybody.
Notice: She does not actually have an Elbow.
Its just a crease.
Aka, she is not actually real ... (and by implication....)
...you have no experience(s) with female anatomy! :>D
The Apple IIe froze up on the POMO utes, and their backup Commodore 64 is in the shop for upgrades to a 286 platform.
They had to fax the trades to Scottrade. Hence today's HFT debacle.
Did they take pictures of those trades on a wooden table BEFORE faxing?
http://thedailywtf.com/ for answers.
Disassemble!
anagrams for BTFD:
Bitchy Feud Puking
Bitched Fink Guy Up
Buck Fiend Ugh Pity
dos cerveza:)
How in the hell did you get that picture of my wife Robo!!!!!??
Who thinks that the guys in charge, namely Bernanke, Geithner, & their cohorts, Rubin, Greeenspan, etc. aren't buying physical gold for their personal accounts???
If so, then you have to believe that they actually believe that they think what they are doing is right and will save the economy, rather than cause the failure of the currency, the stock market and the economy????
This imo, is the real travesty and it remains a question of fact whether they aren't profiting personally from their own insane policy decisions which most certainly will financially crush 95% of the US population (that isn't already crushed).
Liquidity? Who needs liquidity to run the stock market? I thought those two Pomo guys run the show.
Nah.
Those two are just trying to hack into the 'private' SEC video logs.
They are keeping a barrier between the fed and the treasury by working out of a different room. It costs a little more in rent but it keeps them from cow towing to fed pressure.
Whoever dumped 100k in ES yesterday is now down at least $30mln on that trade... So looks like profit taking instead of shorting the market??