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Stocks Flushed As Bonds Up, IG12 At Week Wides
Late day sell off in stock translated into buying in treasuries - no surprise there. The AUD is doing whatever carry trade it does. VIX at the days lows. And the IG12 CDS index closes at 113 bps, 6.5 bps wider in a rush.
SPY AH dupming bonanza indicates someone isn't too crazy about Applied Materials' results.
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I love how so few people remember that this pattern was exactly the same pattern that occurred during the two week period of issuances in July... gee, there's no discernable pattern that can be linked to government activity now is there?!
Well remembered, just not MSM-reportable.
may be the next shoe to drop
In other news, Summers continues to sell the kool aid/meth, (doesn't it cause holes in your brain?)
"In more obvious indicators like the stock market, less obvious indicators like credit spreads, the spread between LIBOR and federal funds, forward markets and what they suggest about housing prices...what one sees is a substantial return to normality," Summers said.
Guessing he does not read Janet Yellens pieces or ZH.
It's all that Diet Coke he drinks...the chemicals do weird shit to the brain.
im sorry, this is off topic, but worth seeing this .... http://www.huffingtonpost.com/2009/08/11/crowds-get-rough-and-rowd_n_256475.html
Side show.
They guy gets the Mic and rumbles about.., what a wasted opportunity, unless he didn't have anything to say about the subject
that wasn't my point, but yes, the guy only screamed and said nothing of any substance, but the point i was trying to make with this post is that these town hall meetings are beginning to go from what is to be a two way discussion to something that is boiling on the verge of violence; and there was that dude yesterday who dropped a gun in one of those meetings; things are not looking great ...
Now cheeky, don't get me started.... ok, too late... Obama sells out to big Pharma, that 80bn in savings he's talking about, it was a deal Obama made with big business... No, it is looking very far from great...
http://www.youtube.com/watch?v=EWIECgQH6rs
This all seems staged to me. The MSM would never report the real anger out there. And how did someone get a gun into a town hall meeting with a politician, especially in this age of terrorist paranoia?
I like this blog but hate it when it strays into politics. For all the hate you guys give CNBC about their talking heads you really swallow republican talking points hook line and sinker.
what do you expect from cheeky bastard? worst poster on the site.
CNBC does suck though.
Now now, personal attacks are not nice and can get you banned.
what do you expect from cheeky bastard? worst poster on the site.
explanation please
You write incomprehensible and incorrect rubbish in massive blocks of text.
TD et al at least have an understanding of the issues they discuss, even if I don't agree with them some of the time.
And your avatar is annoying.
look it is not my problem if you can not comprehend something i write or understand it, and if you are still upset from yesterday after i have proved you wrong; that is also not my problem, and if you don't have the knowledge necessary to absorb the information I'm presenting, again; that is not my problem; it is yours; and if you have no other response to my posts except insulting me on a personal basis, and calling everything, you dont understand, a conspiracy theory; again not my problem. What i am concerned about is that there are many people here who come for information both from TD and the crew, and from us who comment here; and you try to present the things i write as incorrect, when that is not true; and all the information i state in my posts are easily verifiable if you take your time and browse the Internet or pick up a book. And my avatar might be annoying but is definitely better looking than yours.
Your babble bores me.
I'm FPS Doug btw:
http://www.youtube.com/watch?v=TsQFYceNZS8
can i assume you have never read anything written by GB Shaw, J.Joyce,Günter Grass, or books that are non-fictional ( ie; philosophy, mathematics; anthropology, sociology etc). Also can i assume that you have no interest in those fields, and that you consider the world as a one dimensional field dominated by financials ? If that is so, can i please point you ( as i did many others here) to the work done by Feyerabend and the logicians of the Vienna Circle. It will broaden you view on the world and make you understand more. Im not trying to be a teacher to anyone; but your childish behaviour is truly irritating and only confirms my belief that you can not participate in a grown up and well ordered discourse
and FPS Doug fits perfectly with your behaviour and discussion skills.
I wonder why that poster feels so impotent about you cheeky. You have a few ways to argue and it's shown in the disagreement heiarchy. His attack is basically attacking the form of you post with no reguard for substance. If i could upload a picture I'd show you disagreement heiarchy.
Never mind watched his YouTube video. It's all clear now.
+1
#33214 are you saying you like CNBC?? who might your favorite on-air personalities be? One of my favs is John Harwood - I find him to be balanced and the kind of reporter that isn't afraid to ask the tough questions - like Mr. President have you decided on a name for your dog?
I really like boobs Cabrera, that cheesy devil may care, seductress stare, talkin' out the side of her mouth... P/E ratios were never so hot...
No #33226 I'm not a fan of any talking head or republican or democrat. Two sides of the same crooked coin. My comment was only meant to point out that we can't critisize the talking points we don't like and accept the ones we do without looking like hypocrites.
So basically you're saying one is not allowed to disagree on things one disagrees with, if one agrees with things one does agree with? Right makes sense..BRILLIANT!
No, but somehow you get to choose which of the bullshit artists spews the garbage you like the smell of better and claim one is a talking head and one isn't. Both sides are just preeching to different sheeple.
Right because if it's a point of view you don't agree with it must be a republican talking point, no i getcha' no hypocracy there whatsoever... LOL!
I don't think you actually know what hypocrisy means and you're trying to paint a picture of my comments that are not true or justified by my past comments. I'm anti lier whether that be republican, democrat, green, socialist, etc. It just happens to be a republican talking point in this case. I have disagreements with virtually everything this administration has done and said as well. The point your missing is that choosing obvious party line points of view is what disturbs me, especially ones that are steeped in propaganda like much of the bullshit surrounding the town meeting fiascos. It's hypocritical to be critical of talking heads walking the party line and lying to do so and then swallowing unaware the party line lies and propaganda of other groups. You seem to be able to get your market news from alternative sources but your political news...Rush Limbaugh, Michael Savage maybe?
I'll humor you because this should be fun, and I'll refrain from correcting the obvious spelling errors.
"and then swallowing unaware the party line lies and propaganda of other groups."
It seems you have deemed yourself the only one who knows what truth is, congratulations. As for hypocritical, why don't you reread your own comments then try dictionary.com Mr.I decide what the truth is, and everything else is a lie.
"You seem to be able to get your market news from alternative sources but your political news...Rush Limbaugh, Michael Savage maybe?"
Once again, perhaps you should look up the word hypocrite at dictionary.com, you are making a fool of yourself with your rush to judgements.
good day.
we are perfectly happy to criticize any and all republicans and any other fools in the administration. they are, alas, missing.
Oooor are they? Duhn duhn duuuuuuuhn.....
I thought Karl did a very nice job of dishing that out today:
http://market-ticker.org/archives/1320-To-The-RNC-WAKE-UP.html
Fascist lib.
Marxist Obumbler and his merry band of Circus Freak's are going to destroy this country with this Socialist Health Care and you "hate" it when we talk about.
Too bad, screw you.
In recent history the far right has had the market cornered on fascism. Unfortunately groups like the Nazis use words like Socialist (even though their was nothing socialist about them) in their names so conservatives have free reign to cry blasphemy at anything that resembles what an actual democracy would become (a socialist democracy). And anyone you would describe as liberal I'm sure I would describe as moderate or conservative. (P.S. I did not vote for Obama)
"...groups like the Nazis use words like Socialist (even though their was nothing socialist about them)..."
Aside from their party name and self-description, you mean:
Nationalsozialistische Deutsche Arbeiterpartei (formally abbreviated NSDAP, informally "Nazi")
- or did you think the "S" in NSDAP stood for "Somethingorother"? As to their economic modus operandi:
so·cial·ism (ssh-lzm)
n.
1. Any of various theories or systems of social organization in which the means of producing and distributing goods is owned collectively or by a centralized government that often plans and controls the economy.
Which part of that definition does not apply to the NSDAP?
I'm hard pressed to find a fascist movement that came from the Right.
Most of them (I'm only saying most to give the benefit of the doubt) have come from the Left.
When you boil it down, Fascism is the ultimate Statist form of government. Governments that put individual liberties over the state are the antithesis of this.
Both the Democrats and the Republicans have grown steadily more Statist in the past few generations, and therefore more Fascist.
Dood, google before you post.
http://en.wikipedia.org/wiki/National_Fascist_Party
The ORIGINAL fascist party was violently anti-communist. Mussolini was strongly supported by (and he supported in turn) Italy's established business interests. And needless to say his social policies were very conservative.
So I get that you're very anti-statism, but don't wrap your opinion in some bizzaro history that only exists in your head.
Thank you. I notice the monkeys didn't come to your aid to throw their feces at dissenters. That must mean your on to something.
Hi Steak-
Benito Mussolini had a great quote about fascism, in which he stated, “Fascism should more properly be called corporatism because it is the merger of state and corporate power”. Corporations favor the conditions of a fascist and authoritarian state, where there are no regulations, but rather “public-private partnerships” that dominate the economy. Those corporations that dominate are ones that have ties to the administration, the too big to fail corporations and other campaign donors. Small businesses, medium sized businesses, and individuals suffer under this regime enforced by government. Those corporations could be oil & defense (Bush) or banking & health care (Obama). If health care gets pushed through, there will be consolidations, a few too big to fail corporations, massive bailouts, and government subsidies to their connected friends in that industry.
Where have I heard public-private partnerships recently? The Tim Geitner PPIP plan (Public Private Investment Program).
Neither side is clean, my point is that they are both marching to the beat of the same drummer - that drummer is corporate money interests.
<--- the guy that started this debate.
I totally 100% agree with you. Democrats and Republicans are just shades of gray appealing to different corporate bases and fooling different groups of people with different lies.
+10
first of all i have nothing to do with Repubs or Dems, because i am not a citizen of the USA. Second of all if you are going to try to insult me based on my nationality like many others on this site have i will politely need to tell you that you can fuck yourself. What im trying to do is to show that things are getting pretty chaotic and that argumentative discussion can not be achieved. And the world is not black and white, and it is not logical, so it would be good for you to drop that simplistic view and try to understand that both parties work hard to fuck you over many times. The same goes for the rest of the world.
Confucius say; "Dumping gasoline on raging fire will surely burn your eyebrows".
I like your posts, Cheeky, but you make a LOT of them. You've become a bit like an over-exposed celebrity. Perhaps you could concentrate on fewer high-impact posts? It gets a little dull to see the same posters all the time.
I also love the image and I'm jealous that I didn't get to it first.
Our of interest, what nationality are you?
Swiss with German/Croat/Dutch/French ( no wonder i have such inner conflicts ) roots ... and yes i can over-post ... will try to bring the volume down and quality up ...
I like your posts Cheeky, forget the ad hominem attacks! Lots of people like your style! Don't stop posting.
I'd like to think most of the people on this forum have the vision to look beyond the current two party offerings. There will soon be another party to fill the void created by the previous and current crop of Washington wankers.
Listen, I dream of a third party too, but, it would keep our Democrat socialist slobs in power forever. Ross Perot, anyone? We aren't a parliamentary system, thank God, as that is a sure prescription for stagnation and inept governance.
Rebuilding the Republican party as a party of fiscal, small gov't conservatives is our only hope.
Pssst... Come a little closer and learn. Politics is the acquisition and application of power.
So, if politics is the acquisition and application of power, and compound interest is the most powerful force in the Universe, then politics = banking/money. Since 1922, Rockefeller and the international bankers have controlled both parties. Those dogmatically tied to either party are unfortunately deceived - follow the money.
To really blow your mind, think of Op-press-ion. It is applied with the press, both in the form of money control with the printing press and the media "press" controlling the information you receive. The two party system is the illusion of choice, using the thesis, antithesis, and synthesis formula following the Hegelian Dialectic to bring the US into a socialistic one world system ruled by international bankers and the Rockefeller structure. Money has no loyalty to party, or to country.
If you think politics is irrelevant, you are failing to see the connection between the agenda of the money interests (pulling the strings behind the scenes in both parties to acheive their agenda - see quotes) and it just might be you who is irrelevant.
Nice post
ooo bring me a politician of the likes of charles lindbergh who had the decency to stand up for his convictions.
http://en.wikipedia.org/wiki/Charles_August_Lindbergh
everyone in the congress and senate are more intent on the tenancy than the truth. maybe a small minority (paul for one) but they do not have the charisma or b@lls to make the intrenational press stand up and listen.
I'm reading Carrol Quigley's "The Anglo American Establishment" right now. Recommended if you haven't already read it.
Have just finished "Tragedy and Hope" (more of a skim if I'm honest). Interesting that Quigley advocates a two party system in which both parties have essentially the same agenda. This allows the public to "throw the scoundrals out" while ensuring that the country stays on exactly the same path that the elites all agree on.
+10 again!
CB why would you soil this wonderful blog with a link to Arianna's yuppie version of the DailyKos
why is the VIX index negative?
Its presented that way because the typical relationship between the VIX and SPX is inverse. So when that relationship holds you'll see them on this chart moving in the same direction. So just makes for a better visual representation and easier to digest the info presented.
First Eagle Funds Senior Advisor Jean-Marie Eveillard on the recent rise in the market and what to expect for the second half of the year.(FoxBusiness -every bit a bad as CNBS but a good guest)
http://video.foxbusiness.com/#/8088640/tips-from-a-market-legend/?catego...
I met this gentleman at last year's Morningstar conference. His knowledge was second to none but what really earned my respect was that he would answer some questions with "I don't know." He was the only presenter at that conference with the confidence to say that. Also he totally nailed the yen appreciation trade these past couple years. Ballerrrrrr
Actually just the fact that no one shouted over or cut him off during the whole interview is a definite + for FoxBusiness over CNBS. Surprisingly they didn't even go to commercial or technical difficulties when he mentioned reverting back to Glass-Steagal.
Thanks, it was worth watching someone that makes sense in MSM for once
HERE'S the next "100 SPX point event":
Assets of Guaranty Bank (GFG -8.3%) - the large Texas lender on the verge of collapse - are drawing bidding interest from Blackstone Group (BX), Flexpoint and U.S. Bancorp (USB). A Guaranty failure would be the largest since the September seizure of Washington Mutual.
They are stating to eat their own now:
MBIA (MBI) now down 16.2% after JPMorgan Chase cuts the bond insurer to "underperform," saying it thinks the company's tangible book value is negative, contrasted with MBIA's own BV report of $2.8B ($13/share)
I guess it takes one to know one!
DID BERNANKE JUST BLOW ANOTHER STOCK MARKET BUBBLE?
http://truthingold.blogspot.com/2009/08/is-fed-blowing-another-bubble-in...
You must be new here...
First Eagle Funds Senior Advisor Jean-Marie Eveillard on the recent rise in the market and what to expect for the second half of the year.
yen carry trade is perverse ...
why is there not a sudden disconnect between yen and usd so that the carriers get their collective @$$es burnt once again.