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Tepper giveth (the escalator), Tepper taketh away (the elevator)
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Long hot summer
. . .oh, umm . . . ahem . . . "BITCHEZ!!!"
Red Alert! DIVE! DIVE! DIVE!
The QE 2 high is complete
With markets now in full retreat
Just 10 percent more
The markets will roar
Please let us suck Uncle Ben's tete
i can tell you my love for you will still be strong, after the boys of summer are gone.
You serious Beck? Maybe we should, uh, chat . . .
Can u assure her that your Nasdaq never falls? That is what goes straight to a woman's heart!
...uh, she's got a bun in the oven ...and husband.
EW! That thing will have HOOVES!
...ala Huma Abedin.
presto, pecuniae multa in margine velit esse versatum dicit Bartiromo
...just passed me bye. http://www.youtube.com/watch?v=Ca8XEfLfGE4
BOO!
"Nasdaq Now Down For The Year"
How about priced in real dollars not nominal?
(The magic of the Bernanke Buck...)
Down more...
How about priced in gold?
Down even more...
Equities go down, Gold and Silver go down.
Equities go up, Gold and Silver go up.
Safe haven my ass!
You have no ability to balance and weigh? Gold 'down' at $1,434 has you biting your fingernails? Come on man. Hey if you dont want to hold it I'll buy it from you, no problem!
BTW I dont remember anyone claiming PM's are a safe haven counterbalance to STOCKS.
Most importantly, it is gold that leads equity. Gold goes down, equity goes down. Gold goes up, equity goes up. Precious metals lead, because they are the first loan. Gold loans start the fiat ponzii rolling, because they create the liquidity. Central banks start their ponzi with gold loans, major banks also. Gold leads finance. Always has, always will.
The troll does accidentally raise a point though:
Gold is as close to a "perfect" money commodity as man has ever encountered, but it is not absolutely perfect. Therefore gold can always be denegrated by those seeking to impose a horrible money system on us as an alternative. After all, if Gold isn't perfect then we have to be open to alternatives.
But yeah, anyone who thinks Gold being 1% off its high is proof of any kind of failure is a tool.
I am sick of people pushing precious metals like crack. Also its a very small market campared to stocks and fiat currencies which make it easy to bully around. Truck vs sheepdog, truck always wins.
It is illogical, but true. It seems that commodities and equities move in tandem with a high correlation. With common sense logic and the true impact to the economy, for example, as crude oil goes higher equities should go lower and vice-versa. It seems as if the trading bots have a hard time distinguishing the difference.
Sheepdog, I feel you, homie, but the corrrelation between commodities and equities seems quite significant, especially since QE2 was announced.
And not to sound like a broken record, but they both took a huge dive in 2008 and the dollar rallied big-time.
Fine Johnny, just remember that there will be no doors to run back thru, soon. The people who will have a chance to come out the other side of whats coming next are the ones that can see 10 moves ahead....who cares what happened in the farce of 2008. Its hardly 2008 anymore, with a new 'messiah' with all the answers everyone was bowing down to and blank checks flying like confetti.
I'm really starting to ask myself --- if perception is reality and 98% of the population doesn't perceive that anything is wrong --- is there really anything wrong?
cogito ergo mundus talis est
What he is really saying is :" that a horny (well aware) tail wags the sheep dog..."
Very well put.
Theyll suddenly perceive reality as the ex top KGB agent said 'when a jackboot is stomping their skull in'.
Rather!
woh - -yer blowin' my mind, man.
Au up 9% YTD; Ag UP 18%
Ah yes, is it Bazooka.gov these days?
Lets go back for 5 years...
5 years = Dow flat as a pancake
5 years = Gold up over 150%
5 years = Silver up over 200%
Oh yeah, they correlate just perfectly, monkey.
Let's take the longer view:
10 years = Dow up a blistering 9%
10 years = Gold up 550%
10 years = Silver up 750%
Yep, perfect correlation....
sell and run!!!,,, it's coming!!!
Sell in May- go away (Run don't walk)
Aw thats a shame Im heartbroken really I am...
baby robotrader:
http://www.youtube.com/watch?v=W4hfdaC7eL4&feature=player_detailpage
That take off on the E-Trade baby never gets old.
Never!
Adult Robotrader:
http://www.youtube.com/watch?v=ubpwmCai93g
SELL! SELL! SELL!
Just wait for the GRPN and P IPO. They will carry Nasdaq!
http://www.washingtonpost.com/business/technology/groupon-was-the-single...
Ageed. My wife got suckered into a groupon thing for Quiznos. 20-mile roundtrip to the closest one didn't seem worth the hassle to redeem her 10 buck credit.
So she never used it.
Bingo!
Free money for Quiznos and Groupon.
That is the "business model" behind the IPO.
I wonder if they are regulated like gift cards?
Let the hanging begin.
Personal financial advice from Barack Obama
http://money.cnn.com/2011/06/09/news/economy/obama_financial_advice/inde...
Personal financial advice from da hood. Obama sez 'You gots ta diversify yo BONDS, bitchez'!!
If only he spoke Jive.
Arugula!
Spoken like a true Hero. God Bless Obama
oh noes, so no more time to buy stocks, Mr. President ? Cash ,you say ?
Personal financial advice from Obama Bin Lyin':
I wonder if shit is starting to run down Ben's leg yet. 401 statements should be hitting soon.
I wonder if it's still running up Chris Matthew's...
Gold/silver holding up pretty good so when QE "cup cake" (thanks Jim Rogers) is announced they should EXPLODE.
I hope they get real nervous and jerk the QE trigger, then it all will REALLY fall apart!
OT - Banks getting capital call from FED??
Ah yes, appears the salad days are at an end.
Head-and-shoulder formations are so obvious after they happen.
Yippee! I have my Dow 12,000 anti-rally hat on!!
The Dow bounced pretty hard off some support there about 15 min ago.
'Twere the bottom Bol did it. Shorting again at mid Bol.
Goldman Robotics department. They needed money for expensive gals this weekend.
U serious, brosef?
Goldman is short deep and hard.
Bank it.
Won't be long now. And by the way, when do states and municipalities start their new fiscal year again?
...Oh, on July 1st, is it?
http://www.youtube.com/watch?v=Iyv905Q2omU
So, how's that much-vaunted "wealth effect" working out for you now, Benron and Teleprompter?
Looks like these forecasts of DJIA 2011-2012 just get better every day:
April 26 with a link to Feb 6th forecast:
http://saposjoint.net/Forum/viewtopic.php?f=14&t=2626&st=0&sk=t&sd=a&sta...
You predict a constant fall thru 2011...I am less sure although I buy your general trend projection...
Any minute now, the BlowHorn chart guru Carter Worth is going to make an appearance, noting that shares of Netflix are a staggering distance above their "smoothing mechanism." Any minute, he is also going to note how the VIX has humped its "smoothing mechanism" and is now wondering why it is at such low levels now that "smart money" has finally come around to Average Joe's understanding that economic depression is at hand.
Also, and since the BlowHorn ALWAYS mentions when money is leaving fixed income markets, announcing the imminent pump and dump equity fractal algo "investment thesis", I'm sure the folks there are going to note the persistent run into T bills, which announces the dump and puke equity fractal algo "investment thesis."
I would advise all to locate stocks that are miles above their "smooth mechanisms" and sell those. And lets all hope the fractal algo appears momentarily today, giving every Average Joe the chance to sell the top of the channel on criminal syndicate Wall Street nonsense.
So hide your assless jeans as the totally depraved, lubed up and father raping USD studman is loose upon the market, ready to have his way with every living thing...which I'm sure the BlowHorn will also alert people to any minute.
Holding my breath....
What we must all remember is that Nasdaq stocks have higher intrinsic betas than DJIA or S&P. So they are more nervous to Fuk-u type tremors or tsunami warnings. Not that this is true when "irrational exuberance" was the mantra...as during Dot.com bubble or 2008 melt down. But I think that Nasdaq has learnt more from those traumas than DJIA or S&P. 'Stodgy' stays put in spite what 'dodgy' does. Until the heat gets ...well lets see...we will smell it before it starts to burn...
Everything down, as in my recent posts over last couple of days - and already earlier, predicted.
And this is just the start. Also commodities and PMs will NOT be immune.
Some though are still not able to see the major trends - down since early May - 6 weeks in a row - and are still fighting the trend.
This is not a matter of manipulation, or of raids. This a matter of liquiditation - and smart money cashing in. On all levels. And it will continue for another couple of weeks.
Of course with rallies in between - especially provided by the market makers for those still hoping and buying each f...... dip - and still blaming Blythe and the Cartel and this and that ... poor souls.
i have had July 1st circled for a long time now.......all cans will hit the wall that day
+ 1 I agree completely with your assessment of how long the fuse on this bundle of dynamite is.
But will they hit noisily, or quietly, being it is a friday before a 3-day weekend in the US?
Either way, it's going to be the most relevent "Overthrow the Government" holiday in memory. I'll have to load up on fireworks so I can sharpen my artillery skills.
Can't it wait to the 4th of July?
That date seems so much more appropriate, somehow...
There is so much ZIRP money out ther to prop up the market with that I am sceptical we will see a free fall. A slow, controlled grind down is my bet.
I thought our favorite trolls, Hamy and Robo, would have something to say on this post by now.
Someone mentioned the text below, so how about estimating those prices! PM's bitchez!
Priced in any actual hard commodity, down spectacularly!
Was hoping someone would make an estimate, I am very curious to see those prices, especially plotted over the last decade.
TD, perhaps, if willing you could address this.
Way to go Jackass-one
at the start pf the year Gold/Nasdaq ratio was 0.51... now it's 0.57.... in broad terms Nasdaq is down 10% compared to Gold....
DXY down 5.5 % & Nasdaq 1.5 % since start of the year....
Graph reminds me of the first Osama Bin Laden kill story:
Double-tap, pow pow, to the head.
(yes, that is an actual quote from the news article folks).
Double-tap, pow pow, to the trendline. Fasten your seat belts folks, it's going to get bumpy.