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Someone Leak Something?

Tyler Durden's picture





 

Something rather disturbing from a European trading desk...

TODAY TWO LARGE MACRO FUNDS OVER HERE HAVE GONE WILDLY LONG S&P. NOT LONG. WE TALKING 250% NET LONG. IT LOOKS LIKE CONCERTED ACTION ON GDP DGRADES FROM GS AND BOFA ARE THE LETTER DELIVERED TO BEN ON QE3. HUGE DIRECTIONAL BET WITH NEW CAPITAL PUT AT WORK. MOST LIKELY THE TWO INSTITUTIONS ARE COORDINATING ACTION WITH OFFICES IN CONNECTICUT. CHECK INFLOWS OF BLUE CHIP HEDGE FUNDS IN JAN FEB. APPLY 2.5 LEVERAGE. WE ARE TALKING ABOUT SOME 40-60BN PUT AT WORK PRIMARILY ON EMINIS AT THE MOMENT. WHETHER SOME EXTERNAL FORCE WILL LEAVE THEM HIGH AND DRY I DON'T KNOW. BUT IF ANYTHING SEEMED TO BE AT LEAST NOT TOO IRRATIONAL UP TO NOW, IN THIS THIRD WAVE, BE READY FOR REAL ROCK AND ROLL. 

 

 

 


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Thu, 03/24/2011 - 16:05 | Link to Comment trav7777
trav7777's picture

TO THA MOON BITCHEZ

Thu, 03/24/2011 - 16:09 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

QE 3 is coming to town.  Recovery sustained bitchez.

Thu, 03/24/2011 - 16:15 | Link to Comment egdeh orez
egdeh orez's picture

OK. I don't doubt that QE3 is coming... and I don't doubt that these macro funds went mega long the S&P.

But, don't you think that's pretty stupid of them? Why don't they just go mega long gold and silver instead?  PM is a bigger beneficiary to QE3 than S&P.

Thu, 03/24/2011 - 16:16 | Link to Comment arm50
arm50's picture

or maybe treasuries, smells like bs

Thu, 03/24/2011 - 16:37 | Link to Comment rocker
rocker's picture

Can't they hedge that in a way to actually go short while making the crowd think they were long ?

Thu, 03/24/2011 - 17:20 | Link to Comment French Frog
French Frog's picture

could just be misinformation: advance warning that qe3 will NOT happen (at least not as soon as qe2 ends) so we need to make sure that some new suckers come in the market now so that we can all discreetly offload our stocks before the next+1 fomc meeting (known as the event horizon lol); as we all know, stocks are likely to tank once they are not pomo-supported so this would be the simplest way to be at least neutral (and most probably already short) by the time the event horizon is upon us

Thu, 03/24/2011 - 18:03 | Link to Comment Mark McGoldrick
Mark McGoldrick's picture

If you're going to deliberately leak disinformation, you always want to find the biggest group of lemmings.  It's straight from the Glenn Beck Propaganda for Dummies

Thu, 03/24/2011 - 18:23 | Link to Comment falak pema
falak pema's picture

Q-daffy throwing in the towel? His 30 billion frozen being put to use? I smell a GS rat on a false flag exercise that will become the skull and cross bones when its time to cry "all men to starboard, grapple hooks out, take no prisoners".

Thu, 03/24/2011 - 20:28 | Link to Comment Xkwisetly Paneful
Xkwisetly Paneful's picture

Martingdale

Thu, 03/24/2011 - 20:59 | Link to Comment Phat Stax
Phat Stax's picture

Yes, there has been volume selling mid-day for a couple of weeks now.  Bookended by the early & late parts of the day.

I think Bernanke is more interested in self-preservation than losing what's left of his credibility.  QE3 only after & if the heat dies down.

Fri, 03/25/2011 - 00:40 | Link to Comment Hook Line and S...
Hook Line and Sphincter's picture

dis-information Frenchy, not mis-information

Fri, 03/25/2011 - 04:17 | Link to Comment French Frog
French Frog's picture

i stand corrected, apologise for this disgraceful use of the english language and hang my head in shame to boot

Thu, 03/24/2011 - 16:38 | Link to Comment 4xaddict
4xaddict's picture

so that's where PIMCO's money went?

Thu, 03/24/2011 - 16:56 | Link to Comment BigJim
BigJim's picture

Hey Tyler, can you please give us a hint why you take this more seriously than all other hundreds of such emails you must get every day?

Thu, 03/24/2011 - 17:03 | Link to Comment Carl Spackler
Carl Spackler's picture

Excellent point, Big Jim.

Bravo !

Thu, 03/24/2011 - 17:26 | Link to Comment Idiot Savant
Idiot Savant's picture

I'm betting ZH has a number of trusted sources.

Thu, 03/24/2011 - 23:02 | Link to Comment TBT or not TBT
TBT or not TBT's picture

I'm betting we're -all- about as wrong as I have been, but have cleverly hedged against us too.    Got lottery tickets?    Mega Millions is at 244million.   

On the other hand the math is simple on the face of it.   Our central government is in debt above its eyebrows.  Our central government knows, or at least senses, it can't get re-elected and still apply fiscal sanity.   It controls its central bank indirectly(on paper) and directly enough in reality.   It will print money beyond the end of the graph paper, then switch to log paper, if that will keep the sociopaths in power.

Thu, 03/24/2011 - 17:12 | Link to Comment Michael
Michael's picture

$387 billion more QE2 extension to be announced(AKA QE3) April 10, wouldn't want to break that 1 trill magic number.

Front run the shit out of this buying Gold and Silver only.

 

Thu, 03/24/2011 - 17:11 | Link to Comment George Huxley
George Huxley's picture

+1

Thu, 03/24/2011 - 17:18 | Link to Comment gmrpeabody
gmrpeabody's picture

Great point!

That would add another layer of interest, wouldn't it?

Fri, 03/25/2011 - 17:36 | Link to Comment Tidewater
Tidewater's picture

Right. How do the actions of a couple supposed "LARGE MACRO FUNDS" constitute "CONCERTED ACTION"? Why would "INFLOWS OF BLUE CHIP HEDGE FUNDS IN CONNECTICUT," even allowing that we "APPLIED 2.5 TIMES LEVERAGE," constitute proof of anything but trading?

Where's the connection to foreknowledge of monetary-policy changes, and who are the peripheral traders to whom it was "leaked," who then leaked it -- in all caps -- to Tylers Durdens?

Also: How can anything secondhand be considered a leak, absent ANY SUGGESTION OF A CONNECTION between the source and the "large macro funds."

Caps-lock makes it seem important but absent any context it's just blurb -- an empty basket of allegations. As empty as Operation Anonymous's video montages.

Sorry, but absent any such context there's nothing here. Just a breathless anonynobody with bad punctuation and a fertile imagination.

Thu, 03/24/2011 - 17:04 | Link to Comment LowProfile
LowProfile's picture

Smells like...  Retail bait!  Hey everybody!  Go long, some REALLY BIG funds just went ALL IN, wheee!

BTFDYFI

Thu, 03/24/2011 - 17:24 | Link to Comment 4xaddict
4xaddict's picture

+rofl

Thu, 03/24/2011 - 19:22 | Link to Comment acrabbe
acrabbe's picture

"BTFDYFI"

 

LMFAO!

Thu, 03/24/2011 - 16:19 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

Stupid indeed, but then again insider information sure helps support stupid decisions in the short run.  PM would indeed, as QE history has shown, be a larger beneficiary of another round of QE.  However, when you have 300M americans as a back stop to equities, stupidity no longer matters.  The wealth effect (trickle dick down economics) must be visible to J6P as he can only add in nominal terms.

Thu, 03/24/2011 - 17:06 | Link to Comment metastar
metastar's picture

The American people love being enslaved. Just keep them distracted with March Madness and other gladiatorial events.

Thu, 03/24/2011 - 23:05 | Link to Comment TBT or not TBT
TBT or not TBT's picture

Yep, that's flyover middle america, a bunch of sado-maso freaks obsessed with the very very short term, practically heroin addicts, coke whores, ready to die for that one last fix of QE.

Thu, 03/24/2011 - 16:28 | Link to Comment nope-1004
nope-1004's picture

Why don't they just go mega long gold and silver instead?  PM is a bigger beneficiary to QE3 than S&P.

If you were running for President and your opponent was noble, rooted in honesty and integrity, while you weren't, would you vote for him instead of yourself?

TBTF Crankers buying PM's is a vote against their own system of defrauding the US taxpayer.  Won't happen, as logical as it is.

 

Thu, 03/24/2011 - 16:54 | Link to Comment eddiebe
eddiebe's picture

Maybe part of being privvy to insider info includes a hands off or even a directive to short PM's?

Thu, 03/24/2011 - 17:33 | Link to Comment Lets_Eat_Ben
Lets_Eat_Ben's picture

i would bet on it. I am betting on it.

Thu, 03/24/2011 - 16:33 | Link to Comment Piranhanoia
Piranhanoia's picture

a guess, that reality won't allow them to obtain anything physical being a ponzi based upon the suffering and stability that torture provides their master, and they are dead without Queen Elizabeth 3, they chose (ordered) to join the propaganda or face insolvency sooner than later. These are worse actors than ones on reality shows.  But I'm a fish and I just dig tides.

Thu, 03/24/2011 - 16:50 | Link to Comment NotApplicable
NotApplicable's picture

Because, if you front-run the Fed the wrong way, your firm will no longer be "in the know," and will be targeted for extermination/asset theft.

Crossing the biggest criminal syndicate is not conducive to remaining a going concern when you play in their sandbox.

Thu, 03/24/2011 - 16:56 | Link to Comment Buckaroo Banzai
Buckaroo Banzai's picture

Don't be silly. The deal goes like this: we give you advance notice on QE3, and you put $$$ to work in politically-correct "assets" like the S&P.

Anyways, can you imagine someone trying to buy $60B worth of precious metals? The global markets would explode.
The financial equivalent of "crossing the streams".

Dr. Egon Spengler: There's something very important I forgot to tell you.
Dr. Peter Venkman: What?
Dr. Egon Spengler: Don't cross the streams.
Dr. Peter Venkman: Why?
Dr. Egon Spengler: It would be bad.
Dr. Peter Venkman: I'm fuzzy on the whole good/bad thing. What do you mean, "bad"?
Dr. Egon Spengler: Try to imagine all life as you know it stopping instantaneously and every molecule in your body exploding at the speed of light.
Dr Ray Stantz: Total protonic reversal.
Dr. Peter Venkman: Right. That's bad. Okay. All right. Important safety tip. Thanks, Egon.

 

Thu, 03/24/2011 - 22:05 | Link to Comment Hdawg
Hdawg's picture

Correctomundo...

 

Surely they'll need another 'unforeseen world disaster' in order to cover their tracks, no?

Thu, 03/24/2011 - 23:09 | Link to Comment TBT or not TBT
TBT or not TBT's picture

Freudian interpretation would hold this is about the tabou of gay sex.   Duh.

The real finality is releasing the the yin while it's inserted deeply into the yang.   Not sure if that's the better metaphor for our monetary situation though:     Think firehoses, not meager human phallic apendages.

Thu, 03/24/2011 - 17:16 | Link to Comment 6 String
6 String's picture

I think almost everyone here is interperting this wrong. This is just a quick trade for juice before QE II ends--with any losses backstopped by Benny.

You bet. You see, the last thing the Fed wants right now is the markets unraveling. They have to juice this fucker as much as possible as they close down QE II June 30th.

Then, once the hiatus comes, all the PD's and Hedgies will be net short. The markets will get slammed.....

Commodities, AG, will be hit the hardest. Benny Bernak then screams from the roof-tops and the economy starts to uravel:

SEE! TOLD YA WE NEEDED THAT QE SHIT.

And, then, Congress starts to beg for mercy--Puh-lease monetize the debt already.

"Okay," Benny boy says. "But, mark my words, this is your doing Congress, not mine."

And whoila! The Fed deflects blame, the PD's load up on all the hard assets they can find just before QE III is unleashed....and the great transfer of wealth continues boys.

Nothing is linear. Trust me.

Thu, 03/24/2011 - 18:40 | Link to Comment perelmanfan
perelmanfan's picture

This one makes the most sense to me.

Thu, 03/24/2011 - 17:27 | Link to Comment chumbawamba
chumbawamba's picture

Because there's not enough physical supply.

I am Chumbawamba.

Thu, 03/24/2011 - 19:41 | Link to Comment RockyRacoon
RockyRacoon's picture

How much would be enough?  Give me the answer in tonnes and price/per please.  I've heard many times that there is not enough gold but I've never seen anyone put forth the numbers to prove it.  

Thu, 03/24/2011 - 20:07 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

Plenty of gold!  Buy from me at $55,000 / oz (April 2 - 10 only, have to give me time to get back to America)!

Fri, 03/25/2011 - 00:46 | Link to Comment Hook Line and S...
Hook Line and Sphincter's picture

Yep, always enough Gold. That mangy nominal/notional price would swallow 20 viagras resulting in freegold fellatio. I have trouble believing any of the oligarchs are willing to strap on kneepads anytime soon though... 

Thu, 03/24/2011 - 18:18 | Link to Comment markelshark
markelshark's picture

Maybe its gold confiscation time? S&P to the moon indeed.

Thu, 03/24/2011 - 18:55 | Link to Comment Rikki-Tikki-Tavi
Rikki-Tikki-Tavi's picture

Completely agree - any additonal QE will benefit ANY commodity far more than equity. Looking at the tick data for the last two days the buying has occured after 9am UK time which is highly unusual as I believe the big HF tend to make their moves in the futures market BEFORE market open and NOT as a reaction to a market displaying early signs of selling off (like we have seen for the last two days).

Also as it seems highly unlikely QE3 will be announced before QE2 ending - why on earth would "smart money" add risk at this point when we all expect the markets to collapse shortly begging BEnron for more kool-aid? To me it looks like they are setting the scene to unwind their long positions in the face of mom's & pop's inflow for 1st day of month.

So I say buy PM's and WTI and stay way clear of equities - obviously talking my book...

Thu, 03/24/2011 - 21:56 | Link to Comment Henry Chinaski
Henry Chinaski's picture

Does it matter what you buy as long as it isn't US dollars?

Thu, 03/24/2011 - 22:08 | Link to Comment Hdawg
Hdawg's picture

Stocks are deliverable...Gold and Silver are not.  You'll just get worthless USD back on settlement.

Fri, 03/25/2011 - 06:35 | Link to Comment FoieGras
FoieGras's picture

Gold and Silver futures aren't liquid enough to apply $50 bln in 10 minutes. Equity futures are deep and liquid enough.

Thu, 03/24/2011 - 16:41 | Link to Comment SpeakerFTD
SpeakerFTD's picture

If that MIT billion price thing is reallly 93% correlated with CPI, isn't there going to be a gigantic CPI number coming out in April?  How is Bernanke going to square more printing with that number?

Or is the government just going to lie?

[Rhetorical question]

Thu, 03/24/2011 - 16:08 | Link to Comment The They
The They's picture

hyper-inflation anyone?

Thu, 03/24/2011 - 16:12 | Link to Comment Cash_is_Trash
Cash_is_Trash's picture

Yes, please.

I'll have the slice with the smoked mayhem and relentless social disorder please.

Thanks Time Magazine's Man of the Year!

Thu, 03/24/2011 - 16:47 | Link to Comment Dr. Porkchop
Dr. Porkchop's picture

Is that on Rye?

Thu, 03/24/2011 - 17:07 | Link to Comment Cash_is_Trash
Cash_is_Trash's picture

Yep, on rye-ot.

Thu, 03/24/2011 - 20:24 | Link to Comment HellFish
HellFish's picture

LOL.  Youse guys are funny.

Thu, 03/24/2011 - 16:09 | Link to Comment camaro68ss
camaro68ss's picture

will this affect Obamas Brackets, dear god i hope not

Thu, 03/24/2011 - 16:10 | Link to Comment I am Jobe
I am Jobe's picture

I am thinking his GOLF game as well and not forget Michelle's lets move party

Thu, 03/24/2011 - 16:50 | Link to Comment KickIce
KickIce's picture

Nero had his fiddle while Obama has his golf clubs.

Thu, 03/24/2011 - 18:40 | Link to Comment Blano
Blano's picture

Ne(g)ro fiddles while Rome burns.

Thu, 03/24/2011 - 23:12 | Link to Comment TBT or not TBT
TBT or not TBT's picture

That's a big effin meme you're sportin there dude.    Are you first with this?  

Thu, 03/24/2011 - 16:12 | Link to Comment Thomas
Thomas's picture

Throw in the margin changes on silver (and gold by proxy)...hmmm.

Thu, 03/24/2011 - 16:50 | Link to Comment Geoff-UK
Geoff-UK's picture

Bingo.

Thu, 03/24/2011 - 17:22 | Link to Comment Amish Hacker
Amish Hacker's picture

And JPM's newly-granted self-clearing capabilities, (see http://harveyorgan.blogspot.com/) and next week's options expiration, and the coincidences just pile up...

Thu, 03/24/2011 - 16:13 | Link to Comment Thomas
Thomas's picture

Delete (double post)

Thu, 03/24/2011 - 16:28 | Link to Comment Wynn
Wynn's picture

The European Commission, including the body's diplomatic arm, has been hit by what officials said Thursday was a serious cyberattack.

The attack was first detected on Tuesday and commission sources have said that it was sustained and targeted.

External access to the commission's e-mail and intranet has been suspended and staff have been told to change their passwords in order to prevent the "disclosure of unauthorized information," according to an internal memo to staff. Staff at the commission, the European Union's executive and regulatory body, have also been told to send sensitive information via secure e-mail.

http://www.computerworld.com/s/article/9215041/European_Commission_hit_b...

 

...........................

 

Anonymous at work?

Thu, 03/24/2011 - 16:49 | Link to Comment Questionmark
Questionmark's picture

Anonymous is largely a bunch of teenage script kiddies. This was more likely China.

Thu, 03/24/2011 - 17:26 | Link to Comment Larry Darrell
Larry Darrell's picture

China has been propping up the Euro.  I can't imagine they would create havoc where they have been most recently investing money.

Thu, 03/24/2011 - 21:58 | Link to Comment herewego...
herewego...'s picture

Ever play Go? The whole point is to be where your opponent thinks you won't be but to be where your oppenent is not. It is the only board game that has not been broken by a comuter, because of its complexity. Easy to learn though - very difficult to master.

All Chinese learn to play Go. I'd imagine those at the top are in general quiet good at it.

Thu, 03/24/2011 - 17:28 | Link to Comment silvertrain
silvertrain's picture

+2 for china

Thu, 03/24/2011 - 17:04 | Link to Comment Translational Lift
Translational Lift's picture

This all wreaks of some dumbfuck tapper in the White House basement............

OH......I know of a couple of nice bridges for sale!!!...if anyone is interested.....

Thu, 03/24/2011 - 18:51 | Link to Comment SME MOFO
SME MOFO's picture

who says emini at a trading desk? 

Thu, 03/24/2011 - 20:19 | Link to Comment Translational Lift
Translational Lift's picture

mini me??

Thu, 03/24/2011 - 21:38 | Link to Comment SME MOFO
SME MOFO's picture

Ha! no it wasn't a riddle -

I meant, in my experience, SP500 futures (even the mini) are not spoken of that way by professionals hip deep in the market.  To be more explicit in my surmise, a lack of insider jargon supports a lack of insider info.

Thu, 03/24/2011 - 23:14 | Link to Comment TBT or not TBT
TBT or not TBT's picture

Yup, this is an attempt to discredit ZH.     Good call.

Thu, 03/24/2011 - 17:14 | Link to Comment Ben Graham Redux
Ben Graham Redux's picture

Sounds like they're trying to lure some money into the market.  With these extraordinarily weak volumes, they're going to need a real buyer before long. 

 

The difference between today and late August is that late August had a ton of short positions to squeeze.  Not so this time.

Thu, 03/24/2011 - 18:28 | Link to Comment Highrev
Highrev's picture

2 sides to every trade.

Someone loses.

How to assign the probabilities . . .

Put another way, buying a top or bottom? Or at least after a sizeable run that’s overbought by many measurements?

I know which side of the trade I’m on.

Hint, hint: after some sort of pullback I may change my bet.

 

(I know you know that - just "expanding on". ;-))

Thu, 03/24/2011 - 18:51 | Link to Comment Campagnolo
Campagnolo's picture

LOL you are funny human been

Thu, 03/24/2011 - 16:08 | Link to Comment artinlight
artinlight's picture

bitchez are doing more of the same?

Thu, 03/24/2011 - 16:14 | Link to Comment traderjoe
traderjoe's picture

It worked the first time...or maybe the second time...oh, never-mind.

They cannot stop printing, it would be an immediate deflationary collapse. They will print and hope, and hyper-inflate.  

Thu, 03/24/2011 - 16:06 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

Oh good. Then the last supper isn't over yet.

Thu, 03/24/2011 - 16:11 | Link to Comment AccreditedEYE
AccreditedEYE's picture

I was really hoping we were getting close...

Thu, 03/24/2011 - 16:13 | Link to Comment carbonmutant
carbonmutant's picture

Betrayal ahead...

Thu, 03/24/2011 - 16:35 | Link to Comment ZerOhead
ZerOhead's picture

Tsunami ahead... giant waves of stupidi... errr liquidity.

Grab your surfboard!

Thu, 03/24/2011 - 16:36 | Link to Comment Pituary Retard
Thu, 03/24/2011 - 16:53 | Link to Comment serotonindumptruck
serotonindumptruck's picture

Then take a Holiday in Cambodia. Kick-ass video.

http://www.youtube.com/watch?v=KRwUlLahpiI&feature=related

Thu, 03/24/2011 - 16:38 | Link to Comment Pituary Retard
Thu, 03/24/2011 - 16:41 | Link to Comment zaknick
zaknick's picture

Betrayal by the 666 banksters of Amerika?

This is what it comes down to for a world reserve currency. This is the equivalent of that drug (adrenaline?) they inject into your heart when you overdose on fiat heroin. Like in Pulp Fiction.

How shabby and how indicative that all that is holding this bitch up is an ephemeral wisp of smoke!

POOF!!

Thu, 03/24/2011 - 19:53 | Link to Comment whoopsing
whoopsing's picture

I think there was radioactive seawater in that syringe

Thu, 03/24/2011 - 18:41 | Link to Comment Blano
Blano's picture

When they announce dessert, run like hell.

Thu, 03/24/2011 - 16:09 | Link to Comment Ancona
Ancona's picture

"YA gotta love insider trading! What's a couple of 'mil between friends?

Motherfuckers......all of them.

Thu, 03/24/2011 - 17:38 | Link to Comment j0nx
j0nx's picture

The REAL motherfuckers are the SEC and Eric *place* Holder and his worthless POS crew. Can't blame crooks for being crooks. Blame the POlice for not POlicing.

Thu, 03/24/2011 - 16:09 | Link to Comment ghostfaceinvestah
ghostfaceinvestah's picture

That would also explain the suppression attempt on silver today.

Thu, 03/24/2011 - 16:24 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

insider short positioning cover thanks to insider information aboutCME margin hike.  Fuck these bastards and the horse (the Bernanke) they rode in on.

Thu, 03/24/2011 - 16:45 | Link to Comment Imminent Crucible
Imminent Crucible's picture

True, but it's an ultimate fail no matter how many margin hikes the Merc puts on.

It's not about the paper price, it's about delivery. Every ounce delivered disappears from the game. Forever, or at least until prices have reached a level that destroys the suppressors.

Watch how quickly this one fizzles. The silver die is cast.

Thu, 03/24/2011 - 16:27 | Link to Comment DavidC
DavidC's picture

And the weird action on the Dow and S&P. Jobless figures stable (ish) rather than bad, UK retail sales awful and US Durable Goods worse than expected. Result? The S&P up by nearly 1 percent, FTSE putting on nearly 100 points.

DavidC

Thu, 03/24/2011 - 16:09 | Link to Comment smeagol
smeagol's picture

QE3 Bitchez

Thu, 03/24/2011 - 16:07 | Link to Comment Number 156
Number 156's picture

They will throw the kill switch soon.

Thu, 03/24/2011 - 16:09 | Link to Comment max2205
max2205's picture

I pee'd a little but I didn't think anyone noticed

Thu, 03/24/2011 - 16:15 | Link to Comment kaiserhoff
kaiserhoff's picture

Me too.  I just got sooooooooo excited over the Royal Wedding.

Thu, 03/24/2011 - 16:08 | Link to Comment kentfinance
kentfinance's picture

QE3. Muni style.

Thu, 03/24/2011 - 16:44 | Link to Comment DonutBoy
DonutBoy's picture

+1  Exactly.  Housing seals it.  Further property tax decline.

Thu, 03/24/2011 - 16:53 | Link to Comment Geoff-UK
Geoff-UK's picture

(QE N+1)+(QE N+2)+(QE N+3)+(QE N+4)+...

 

or in South Park terms:

 

Step 1.  Collect Underpants

Step 2.  ...

Step 3.  Profit!

Thu, 03/24/2011 - 16:59 | Link to Comment SheepDog-One
SheepDog-One's picture

Underpants Gnomes economic model FTW!

Thu, 03/24/2011 - 17:21 | Link to Comment ShankyS
ShankyS's picture

+100

 

Thu, 03/24/2011 - 23:16 | Link to Comment TBT or not TBT
TBT or not TBT's picture

Well logically it makes sense.  The paper will exceed its monetary value eventually as a heating fuel, or as a cardboard box insulation supplement.

Thu, 03/24/2011 - 16:08 | Link to Comment What does it al...
What does it all mean's picture

Mark my words.  This is it...   Local maxima.

Thu, 03/24/2011 - 16:25 | Link to Comment What does it al...
What does it all mean's picture

It's not that simple...  For the last 3 weeks, the G7 has been busy.

 

First MENA, then Japan, then Nikkei Rescue, then Yen buying and devaluation... and then now, QE2, not working.

 

Housing sucks, durable good report not good, consumer sentiment... And yet people have given up, hence my prediction.   But hey, what do I know....

Thu, 03/24/2011 - 16:08 | Link to Comment alien-IQ
alien-IQ's picture

I feel like I'm trapped in a nightmare.

Thu, 03/24/2011 - 16:18 | Link to Comment Cash_is_Trash
Cash_is_Trash's picture

Well Bernanke steals dreams in those dreams.

Thu, 03/24/2011 - 16:28 | Link to Comment 10kby2k
10kby2k's picture

Feels like the Naz's treck to 5,000. I sure hope BB isn't nude in your nightmare.

Thu, 03/24/2011 - 17:04 | Link to Comment eddiebe
eddiebe's picture

No, but he's nude in Bubba's.

Thu, 03/24/2011 - 16:14 | Link to Comment nevadan
nevadan's picture

.

Thu, 03/24/2011 - 16:10 | Link to Comment Lycaon
Lycaon's picture

At this stage in the ponzi cycle, quantitative easing is a given. Just look at japan, it can keep rates low and continue printing money ad infinitum.

Thu, 03/24/2011 - 16:30 | Link to Comment 10kby2k
10kby2k's picture

But Japan residents own the debt. In the US the debt is owned by non-residents. WhoTF would buy a 5 year TIPS at -0.68% if their only concern wasn't return of most of their capital?

Thu, 03/24/2011 - 16:32 | Link to Comment 10kby2k
10kby2k's picture

But Japan residents own the debt. In the US the debt is owned by non-residents. WhoTF would buy a 5 year TIPS at -0.68% if their only concern wasn't return of most of their capital?

Thu, 03/24/2011 - 16:11 | Link to Comment tmosley
tmosley's picture

I will hold silver, thanks.

But I am popping some popcorn.

Thu, 03/24/2011 - 16:11 | Link to Comment Calvin Jones an...
Calvin Jones and the 13th Apostle's picture

Pump and dump baby!!

Thu, 03/24/2011 - 16:10 | Link to Comment X. Kurt OSis
X. Kurt OSis's picture

Must be true.  Steady rising market and VIX died.  The insiders must be getting assurances on QE3.  There is no other (good) news.  This has to be the only explanation.

Thu, 03/24/2011 - 16:17 | Link to Comment InconvenientCou...
InconvenientCounterParty's picture

the fed needs bond duration, not stock pumping.

nobody took the bait on Libya, Ireland, Portugal etc. My gut is telling me they need a stock crash right about now and they've got a rabid bull. Quick, get the death ray!

The suspense is killing me.

Thu, 03/24/2011 - 16:31 | Link to Comment Shameful
Shameful's picture

Well don't need a stock crash. If they assault the EU bond market could cause a nice little pop in the dollar and Treasuries. Maybe force a info leak out of Spain or Italy about financial impropriety.

Thu, 03/24/2011 - 23:28 | Link to Comment TBT or not TBT
TBT or not TBT's picture

Financial impropriety would be an understatement, squared, prime.  Both places' demographies are crashing, probably irreversibly(short of some longevity miracle), on the backs of uber impossible public pension and welfare promises.     The edifice delusion built into the value of the euro is going to be a prize-winning piece of economics some few decades hence.

Thu, 03/24/2011 - 16:10 | Link to Comment InconvenientCou...
InconvenientCounterParty's picture

head fake bitchez!

Thu, 03/24/2011 - 16:23 | Link to Comment SheepDog-One
SheepDog-One's picture

Thats what Im thinking. Who cares what the printing is at this point, they could announce $10 trillion in new printing...so what? Go long stocks? Go ahead, with the stake to the heart of the dollar none of it matters. 

Thu, 03/24/2011 - 16:34 | Link to Comment john39
john39's picture

I think most kill themselves trying to figure this out in a way that makes any sense...  if you step back, the answer is fairly obvious, economic destruction is the end goal, and they are very close.   So yeah, smells like a crash coming, very soon...

Thu, 03/24/2011 - 16:55 | Link to Comment zaknick
zaknick's picture

What about the nukular false flag concurrent in time with a crash? How's that sound? SDR is then dessert!

Soooo..... what I want to know is: are they dead then? No more MIC ? I got a funny feeling they're not gonna wanna let go of that baby....that's the reason for the nukular false flag.

What I wanna know is... when are some of you cowardly (except against the weak, then you're like boooyah!) Amerikans gonna take on these fascist scumbags destroying your country?

Thu, 03/24/2011 - 23:31 | Link to Comment TBT or not TBT
TBT or not TBT's picture

I'm confused.  Foreigners shipped us a bunch of valuable stuff in exchange for paper.   Caveat emptor, bitchez!    Some of that stuff got converted into an extraordinarily badass world spanning collection of military hardware in the hands of the world's baddest professional volunteer army.    So I may be confused, but I'm still thinking it sucks to be you.

Thu, 03/24/2011 - 16:12 | Link to Comment duncecap rack
duncecap rack's picture

I am not a trader so I don't quite get the jargon. Is the story here that Gs and boa have got inside info on QE3 being a go and are using the info to make leverage  long bets on the s&P?

Thu, 03/24/2011 - 16:17 | Link to Comment smeagol
smeagol's picture

Bingo. if your not a trader dunce you should be, you'd do well

Thu, 03/24/2011 - 16:16 | Link to Comment jkruffin
jkruffin's picture

BINGO!

Thu, 03/24/2011 - 16:29 | Link to Comment disabledvet
disabledvet's picture

i think it would be funny if you added a "Johnny Neutron" to everything you say.  Like Chumbawamba--only better.  You know, "I am Johnny Neutron."

Thu, 03/24/2011 - 18:24 | Link to Comment falak pema
falak pema's picture

Johnny neutered? Johnny lost his gun?? Good signature.

Fri, 03/25/2011 - 00:09 | Link to Comment StychoKiller
StychoKiller's picture

Umm, that's "Jimmy Neutron", not Johnny!

Thu, 03/24/2011 - 16:18 | Link to Comment traderjoe
traderjoe's picture

Per the story, GS and BofA lowering GDP projections is essentially asking/giving the green light for Ben to proceed with QE3. The hedge funds are buying stock index futures to front-run the anticipated pop that will come from an announcement of more money printing by BB. 

Thu, 03/24/2011 - 16:27 | Link to Comment duncecap rack
duncecap rack's picture

Thanks everybody for the replies!

Thu, 03/24/2011 - 16:11 | Link to Comment kentfinance
kentfinance's picture

that explains the flush in PM's by the CME margin hike?

Thu, 03/24/2011 - 16:11 | Link to Comment taraxias
taraxias's picture

I call bullshit !

Thu, 03/24/2011 - 16:26 | Link to Comment SheepDog-One
SheepDog-One's picture

I see that call and raise it a whole pile of turds.

Thu, 03/24/2011 - 16:33 | Link to Comment buzzsaw99
buzzsaw99's picture

Cows do it too but they don't brag about it.

Thu, 03/24/2011 - 16:43 | Link to Comment Miss Expectations
Miss Expectations's picture

Cow Pies!

Thu, 03/24/2011 - 23:33 | Link to Comment TBT or not TBT
TBT or not TBT's picture

The sad truth is, they also do it while they are walking.   A pie only comes into existence when they are stationary.   

Sadly Taylor didn't do a "Time and Motion Study" on cows, but there are a few hundred thousand cowboy-hatted experts one could consult, and damned near a billion Indians (from India) who I'm told have a lot of occasions to observe these animals doing whatever they want to do.

Thu, 03/24/2011 - 17:20 | Link to Comment serotonindumptruck
serotonindumptruck's picture

Now if only there were a practical way to capture all that methane. The bovine flatulence business might be a lucrative industry.

Thu, 03/24/2011 - 16:13 | Link to Comment youngman
youngman's picture

That explains the raid on gold and silver...get the stops..get it while you can...

Thu, 03/24/2011 - 16:12 | Link to Comment youngman
youngman's picture

That explains the raid on gold and silver...get the stops..get it while you can...

Thu, 03/24/2011 - 16:13 | Link to Comment Racer
Racer's picture

and if they get it wrong it doesn't matter cos they will get bailed out

Thu, 03/24/2011 - 16:16 | Link to Comment slaughterer
slaughterer's picture

Tyler, this is blatant disinformation GS style.  I call head-fake.  Fade it.  Go short E-minis immediately. 

Thu, 03/24/2011 - 16:20 | Link to Comment jkruffin
jkruffin's picture

Yea I gotta agree with you there, this smells of a purposeful leak to suck in more sheep. This didn't leak out on purpose, this was planned leakage. You know the kind of leakage you plan when Kim Kardashian is riding you?

I said early this morning I smell a HUGE dollar rally coming, and I believe it begins this evening. Today seemed like a capitulation session before the real decline IMO.

Thu, 03/24/2011 - 16:50 | Link to Comment Dr. Porkchop
Dr. Porkchop's picture

Stinks like anal leakage.

Thu, 03/24/2011 - 16:28 | Link to Comment tmosley
tmosley's picture

Don't try to catch a falling knife.

You've only got two hands.

Thu, 03/24/2011 - 17:53 | Link to Comment ZeroPower
ZeroPower's picture

+1

In this case, a falling knife being a levitating ever so higher SPX. 

Don't short - unless you dislike $

Thu, 03/24/2011 - 23:35 | Link to Comment TBT or not TBT
TBT or not TBT's picture

Chainmail gloves, bitchez!

Fri, 03/25/2011 - 02:59 | Link to Comment ItsEvolutionBaby
ItsEvolutionBaby's picture

Silver Chainmail Gloves

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