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Who put the 151 in the punch bowl ?
I see some acid tablets in there too, man this party is about to get fucked up!
Hash brownies and nitrous balloons are at the next table ...
Momma told me not to come. "That ain't no way to have fun, son."
Now there's a cat after my heart.
Roadmap to Weimar, bitchez!!
Thanks for driving silver down yesterday for me, Ben, but no thx and screw off.
i want to thank these assholes for giving us the opportunity to buy more gold and silver at a bargain price before they utterly trash the dollar and destroy our country.
thank you....don't know long it is going to take before it sinks in that some of us are not going to play with you, and we're going to tell our friends...
and they are going to tell their friends....
and pretty soon everyone will know this market is completely fake, and that they are risking their future putting a dime in it.
...151, 152, whatever it takes...
Shit, TD, put this guy on the payroll. He obviously knows what he's talking about.
Look at the schedule.
Eight straight business days of POMO starting this Friday, then every single day next week followed by Monday and Tuesday of the following week.
Can you smell desperation in the air?
Nah . . .
Now a Thanksgiving Day POMO would be desperation.
The Fed is going all in on this year's holiday sales. How about some WB7 Fed poker pics?
Brian Sack's friends call him sackman. You know why? Because he's got a huge sack!!!! of dollars...he has a huge sack of dollars.
Watch the insider selling level over the next month or so. A lot of insiders may be taking the chance to dump a ton of shares in the face of the POMO buying frenzy. If the markets doesnt move up strongly is an indication that we may have seen the top of this bear market rally as next year Bernanke will have less support with 3 new fed governors on board (Fisher is one of them) and with Ron Paul breathing down his neck.
I guess the correction is already over.
Sheesh, they don't even give the bears more than 2 days.
I hope you didn't sell X. Next stop 70$ and beyond.
Fed supporting markets and dollar falling further equals a 1300 SPX EOY more than likely.
I hear ya, Harry. Let's do the math.
If I'm not mistaken, the first two POMO schedules were about $70B over two months beginning back in late August. $70B over two months drove the Dow from 10000 or so to 11400. Lets call it 14%. Its helped drive gold up even more, around 20%.
This is POMO on steroids...$105fuckingB over one month. If form holds and barring the Second Coming in the next 30 days, a Dow target is around +20% from here or 13500 or so. Gold would be a 30% pop to around 1800.
Shit. I can see the Dow going that far but even I have to admit that $1800 gold by mid-December seems crazy. But, fuck, the numbers are what they are. Either way, its going to be a crazy month. BUY EVERYTHING THAT IS PRICED IN DOLLARS.
Don't forget the Law of Diminishing Returns...
I wouldn't bet the farm on those numbers, if I were you. If anything, the POMO schedule is designed to churn the markets pending some news from the Euro.
Don't get too excited. The rise from late August on priced in much of this nonsense.
BTW, thanks much for the past advice on AU (the element). I owe you many drinks.
"Priced in" was QE light. This is QE2, a whole new ballgame. Discounted maybe a little, but not priced in.
I hear ya and it would be foolish to simply extrapolate the #s. However, you're going to get your ass kicked if you fight the Fed this month. HellyBenny himself said last week that "rising asset prices generate a 'wealth effect' that inspires economic growth". Dow 14000 sounds crazy but 12500-13000 by 12/15 doesn't. Not when $100fuckingB is coming in. $1800 gold is hard to imagine but my oft-stated target of 1500 before 12/10/10 is a near certainty now. 1600 is realistic along with $35 silver.
Its going to be a wild, wild month.
It is indeed going to be wild.
There is one big reason why this POMO is different. The last program began with dollar strength; this time, it begins with USD weakness.
The charts of the AUSUSD and EURUSD are about to drop off a cliff. The rapid ramp in both currency pairs has left little support under the charts. Enter the Fed.
It is vital to avoid marked disruptions in currency markets. The POMO here is designed to act as an airbrake to the Euro and Ozzie dollar correction.
Orly.......remember during the great deleveraging when technicals stayed brutally oversold for what seemed like forever.
So also can technicals stay o/b..........get out of the way of POMO 2.........this is the solid rocket fuel about to kick in and who knows maybe the world will turn upside down once more however there is no fucking way I would be short or try to be short into the eye of this price hurricane.
The first steps were just that, first steps. Now, one has to deal with the resonance from that.
There is a major reason why this POMO is different and it has to do with strength versus weakness. Just about every technical has shouted overbought for weeks and weeks. Look at a chart of the EURUSD until two weeks ago and you'll see what I mean.
Now, the SPX is breaking down, the USDJPY is breaking down (up, in this case...), the EURUSD us breaking down, as is the AUDUSD. There has to be a downside some time and we are there. I have a feeling that the Fed has engineered this step in the parade for setting more comfortable corrections in the Euro and Ozzie dollar- as well as not shock the yen too much.
Who really knows in this upside down world, but I would not be shorting into this round of debasing the USD.
Absolutely spot on. It would be ludicrous to fight the Fed for the next several weeks. I just didn't want all of us to get so excited we'd buy a whole new set of weaponry to fend off those without investment capital who will be devastated by Ben's inflationary excursion.
When and where do you expect the gold margin to be increased ... around 1440 would be plausible - not? Or already this week - on "thin" veterans day or thin Friday?
Did anyone mention the duo of POMOs on the 29th? Someone may have but it just caught my eye.
Wanna post another gold chart there, dingus? I thought gold was going to collapse?
Take you time. Wash the Johnny Jizz out of your eyes so you don't click the wrong button, like you did with the used car dealer stock, claiming that that was representative of car sales improving.
Hey, I notice that nickels are worth more than 6 cents now. Your business behind the local 7/11 is doing well, I trust?
It doesn't really matter what a nickel is 'worth'. They are all branded with their owners mark. Free range cattle and cattle rustling go hand in hand. Be clear about what happens to rustlers of clearly branded property.
The thing about cattle rustling is that if you steal it, kill it, butcher it and consume it who the hell ever knows you stole it? Point being it's not hard to learn how to do things, how would anyone ever know that I melted down my old penny's and nickels if I learned how to do it myself?
Blue Robo loves used cars!
Wow yea what a party, DOW got green barely...and China has far more ICBM's to fire near L.A., this time not targeted to splash down far north of Hawaii! ;P
Oh sorry, all you stock permabull pumpers who junk my post, boo hoo hoo.
Hey Robo, we got your back pardner, dont' worry about it....
Long silver. long tech
And down goes the dollar again! Well, I guess nothing to do but chase this thing through the EOY. 1300 SPX seeming likely now.
Then why aren't you long SPY...thought I read you were long only SDS and physical gold.
thought I read you were long only SDS and physical gold.
thought I read you were long only SDS and physical gold.
SSSSSSSSSssssssshhhhhhhhhhhh ......Everyone forgot.
Wow... taking the middle figure thats 62.5 Billion in November alone!!!
why wow...take him at his word...he has been saying since 2002... remember the helicopter?
It's one thing to hear the Monk say he will douse himself in gasoline and light the match in protest. It's an entirely different matter to watch it in person.
Warning, the Video is not for the weak stomach.
Essentially this is the beginning of Ben on fire. Forgive him Lord for he knows what he's doing. Can you say "fall guy"?
Well the immature kid in me relates better to http://www.youtube.com/watch?v=lEYYYMuwCyA
"Ben, that's great they want more!"
"Yeah I know the only problem is I can only kill the dollar once"
"They want more."
"I know, I know. But I can only do it once."
Like the suicide bomb instructor who said, "Listen up! I'm only going to show you this once."
Better yet, a fall guy from the ivory towers of academia, which of course, will be given as the reason for his failure.
"Poor Ben, just doesn't have any street sense."
Well I think it is BenB dousing Our lifestyle with fuel and lighting it on fire. Did you note any burns on our Ben yet? I didn't detect any, but on our lifestyle, plenty.
The only lube fit for the printing presses is KY.
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