- advertisements -
Ouch. That's gonna leave a mark......not.
Just look at the S&P 500 today. No one can convince me they don't want the dollar flushed to save the wealth effect. At least for now.
What? a 200 point gap up and then flat for 7 hours...suspicious? Nooooooooooo!!!! It's like...totally natural dude.
Right, typical 180 open gap up where it hovers in a few dollar range all day. Nothing synthetic about any of this.
and dare we even mention the volume on SPY? surely something this abysmal is justification for a nearly 200 point gain right?
This is all making me a little ill...
Meanwhile stocks after hours are flying up 5%. Truely bizarro world, makes the dotcom bubble look completely sane.
I don't think it's that they want the Dollar flushed, I just think they're out of alternative ways to preserve the Ponzi. The idea the Fed has been selling equity index puts is strongly supported by their clear abject fear of anything like a correction...
We'll be seeing the DOW race up daily while the dollar plunges into 60's, effectively defaulted but whats that matter, stocks are up and THATS all that matters!
You're talking semantics here. If the only way to goose the market is to flush the dollar then they want the dollar flushed. If there were another way, that would be what they want.
When you must or want to have something everything else is dictated by that want or need. Sure they want several options to select from. They don't have several. Doesn't seem to stop them, does it?
When Rome ran out of silver, it chose to increase the amount of lead in the coins rather than not pay their soldiers. I am sure they knew the risk they ran but it delayed the point at which the army mutinied. However eventually the barbarians decided they no longer were willing to be paid off in debased coinage, so marched on Rome to get the good stuff and the army was not willing to defend those people who had cheated on them for so long.
I suspect things will play out the same this time...
I guess that should send the DOW well past 14,000 judging by the impact the last "warning" had. This will surely send the $DXY below the 74.26 support level.
I remain in awe of this ponzi...it's simply mind- boggling.
"I remain in awe of this ponzi...it's simply mind- boggling."
I am suffering from debilitating cognitive dissonance. Must.....buy.....Es.
back away from the terminal man. just back away slowly.
Just remember the ETrade baby, when YOU buy it is probably when it all plunges straight down in minutes. I actually believe in this market if 1 actual live retail stepped in and bought something, Wall St would go all Fukushima in seconds.
"I actually believe in this market if 1 actual live retail stepped in and bought something, Wall St would go all Fukushima in seconds."
That is the funniest (in a gallows sort of way) fucking thing I have read in many days.
Bro, no way, let's hit the back nine and shoot some hoops instead. We can talk this over at the Willow Smith concert at my crib. This is a simple mistake, you just underestimated the innovation of our bureaucracy.
Too late. Retard mode in full progress.. Apple in 10 minutes.
Timmay want to go to Hawaii! Yeaaaaayyy!
YouTube - Hawaii yaaaaaayyyyyy
R.I.P., Greg The Bunny
S&P avoided GSE topic in conference. Now they turn on the blast faucet. But wasn't this obvious?
Wasn't the sub-prime meltdown obvious? (this is S&P we're talking about)
Reat Bastids! Why cant they just leave us alone?
BTFD til the end.
Only makes sense that the guaranteed party gets downgraded after the guarantor is downgraded.
Spending a lot of time munching and spectating lately. Time for the giant economy size:
You can do 300lbs of yellow popcorn for the price of two of those. Ends up being 9 5gal pails or one 55gal drum. But if you arn't a do it yourself kind of guy that would be the way to go.
Fannie & Freddy... they should make a movie about those 2 companies.
Didn't it all start with those 2 fuckers?
CRISIS PART DEUX!
comming to a theatre near you this summer!!
Is AAPL out yet?
Man, those bureaucracies are stuffed to the gills with high quality papaer, where's the love?
I am Mr Brian Miller ,loan offocer of MAYFIELD FINANCE HOME we gives outloans at low interest rate of 3% to student,individuals,business men andwoman with low credit all over the globe world.Sound lending is base onthe promise that the borrowers will repay.contact us viaemail:REPLY:firstname.lastname@example.org
Below are the loan Applications:
Full Names:........Contact Address:........Phone No:............Country:..............Age:.............Marital Status:............Amount Required As Loan:............Duration Of Loan:.............Annual Income:.......Occupation:...........
and just like that...the /ES hits a new HOD of 1330....amazing...simply...amazing...
Look at the pandemonium over at Yahoo finance on some of these tech stocks right now, QCOM up 5% after hours, Apple up $5 after hours and hasnt reported yet....this is all like some insane carnival on bad acid.
and let's not forget the sheer idiocy of the DOW now being up 100 point from where it was BEFORE the S/P warning.
This is fuckin insane man.
And still, no one at all involved has been arrested, or even charged with anything. Ben just shifts printing presses into 6th gear and floors it.
I can't believe they are defying their puppet masters like this. Things must be even worse than we think behind the scenes.
it's just a ploy to confuse the pleabs. STFU and BTFD.
It seems ridiculous to think that the USA (or it's direct entities or even arm's-length agencies) would ever technically default since they can (and are obviously cool with) simply printing more money (or some such jazz that amounts to the same thing). Those principal and coupon payments may be in near-worthless $US but that still doesn't a default make.
That said, why have countries like Russia defaulted if they could have just printed more of their own currency too? Do they simply reach a point where they'd rather stiff debt holders than devalue their currency?
let's pretend that you are a landlord. I rent a place from you for $1000 per month. At the end of the month I deliver to you 1000 pounds of shit...technically...did I default?
This works for devaluing existing debt. But do you think you can sell new debt while doing this to existing holders? It turns out, in reality, yes...until you can't. Then you eat the shitburger and default.
It is argued that the FED is the only buyer of debt now . Read Whipsaw Wednesday by ilene. Look at the chart after the video showing the price of gold in Marks - then look at the price a year later etc. Scary shit .
AAA toilet paper, a unique concept.
S&P will soon be classified as a terrorist organization.
Will FEMA camps have Bloomberg?
Shhh, my government says we don't talk about fanny or freddy.
The GSEs need attention, they have been buying rotten mortgages and saying they are "performing". I stopped paying Suntrust in March 2008 and on Dec 30, 2008 they sold my mortgage to FNMA. This is while in the possession of $4.85 BILLION from TARP. Why use Tarp funds when you can sweep everything under the rug to a GSE? They can lie even better than a publicly traded company. The American Taxpayer is being fucked so many ways that he doesn't even know about yet, but the real question is who will repay ALL THIS DEBT?
Tyler, you are often accused in MSM as being overly sceptical and sarcastic. I say not enough so, often you need to revise your opinion further outboard. You are Right On! Keep it up!
Skepticism is a blessing from nature. Sarcasm requires true talent and practice, practice...
Is this System Reset Weekend? Dollar about to go off a cliff, gold and silver relentless increases, us housing still headed lower, inflation smacking everyone worldwide who makes less than goldmanites, giddy stockmarket not able to get above inflation adjusted high of a few years back, 4 day weekend , LMBA closed monday, pm roll tuesday, china no longer willing to finance the budget deficit. The shit just goes on and on.
Four days should be enough to reset everything. I'm really interested in seeing where everything digital or paper finishes tomorrow.
Granted I have certain proclivities toward apocalypse but I can't help wonder the same.
"and on the third day..."
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.