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Stocks Close Down For 6th Consecutive Day: Longest Red Streak Since February 2009, Just Before QE1
The last time we had 6 consecutive down days was February 13-23, 2009. Which is before March 2009. Which is when the S&P hit 666. Which is when the Fed started Q1. As for the last time we had 5 down days in a row was in August of 2010, just when the Hindenburg Omen was spotted and threatened to undo the entire Centrally Planned house of cards... Which is when the Fed started QE2. Pattern emerging?
The Fed is saying no QE3. Ok. See the chart below...
... this is what it will happen (especially now that Wall Street is fuming the whole debit card interchange fee did not pass as it demanded).
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We have got to get this man to a hospital, What is it doctor?
Well.. it's a big building with sick people, but that doesn't matter right now.
Leslie Nielsen RIP 2010
"Fat Finger.." ???
Conditional logic vs. groupthink paradigm.
Causality is a b!tch, and thats why I love her.
Ehm, Tyler, perhaps a little out-editing of Ripped Chunk overposting is warranted?
lol
http://www.youtube.com/watch?v=TvR6d08L3nc
where is my Fu***** QE3
Looking like 1931 Deja Vu all over again. I'm surprised traders have hung in there this long. the market is usually forward looking. There was no guarantee of a QE3 smooth transition. The insiders have been piling out. I don't buy it even with a QE3, stealth or otherwise, no confidence in the USD.
Where going to have a QE3, but it will end up following the law of diminishing returns like drugs. The more money they print, the less dollar assets are worth. The less dollar assets are worth, the more people sell them and/or exchange them for something else. All the printing is doing is keeping the imagenary economy up and going, but the real economy is bust and will continue. The law of economics is speeding up to take the US and essentially the Western banking system down.
Where going to have a QE3, but it will end up following the law of diminishing returns like drugs. The more money they print, the less dollar assets are worth. The less dollar assets are worth, the more people sell them and/or exchange them for something else. All the printing is doing is keeping the imagenary economy up and going, but the real economy is bust and will continue. The law of economics is speeding up to take the US and essentially the Western banking system down.
Where going to have a QE3, but it will end up following the law of diminishing returns like drugs. The more money they print, the less dollar assets are worth. The less dollar assets are worth, the more people sell them and/or exchange them for something else. All the printing is doing is keeping the imagenary economy up and going, but the real economy is bust and will continue. The law of economics is speeding up to take the US and essentially the Western banking system down.
Where going to have a QE3, but it will end up following the law of diminishing returns like drugs. The more money they print, the less dollar assets are worth. The less dollar assets are worth, the more people sell them and/or exchange them for something else. All the printing is doing is keeping the imagenary economy up and going, but the real economy is bust and will continue. The law of economics is speeding up to take the US and essentially the Western banking system down.
Where going to have a QE3, but it will end up following the law of diminishing returns like drugs. The more money they print, the less dollar assets are worth. The less dollar assets are worth, the more people sell them and/or exchange them for something else. All the printing is doing is keeping the imagenary economy up and going, but the real economy is bust and will continue. The law of economics is speeding up to take the US and essentially the Western banking system down.
I know exactly what you mean. For some reason, I didn't get nearly as much of a kick out of this paragraph as I did the first time you posted it.
Looks like MM's are trying to squeeze that 8-10 Trillion in Fed "Off balance sheet" transactions in equity/futures purchases :) So what if the Fed's 10 trillion in off balance sheet long positions drop by 5 trillion in value ... it will just be socialized away to the taxpayers via fees, taxes, inflation, et. al.