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Stuxnet Strikes Again: Technical Glitch Delays POMO
If there is anything that can crash the market right here, right now, it is a POMO failure (whatever that means). And we almost got one - the Fed has just announced today's QE2 inaugural POMO, which was supposed to start at 10:15 am, and end at 11:00 am, transferring money from the Fed to PD's, so that the latter can go and buy more apples, had a "glitch" and was delayed. Restart time (see attached), 10:42 am. New closing time: 11:30. In other news, Brian Sack's computer is getting the full Norton Antivirus update treatment. Additionally, printer cartridge shipments from Yemen are again permitted.
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They're waiting for the check to clear, bitchez
Whats up with gold today? Why has it dropped so much?
Seriously? Those late to the commodities party are selling off their winners (I assume)
so far this is just consolidation. the S&P is approaching the 200 week moving average again. it should find technical support there. however, people seem to be getting awfully jumpy, so it makes any short-term trades quite nervy.
if the market finishes big red on the first QE2 day, that may go a long way toward crushing newfound QE2 hopes regarding the stock market.
front month SPY calls are so expensive, it is surreal. 120s going for $1.48. that means you're paying over a 10 pt S&P premium for one week until expiration. it speaks to the ridiculous bullish sentiment.
Because I prayed that hard for another dip.
Keep that up, it's working.
Seriously though, (assuming TD's info is correct) the POMO just ended, and it appeared to do exactly two things, Jack and shit... And Jack is heading for the exits, along with all the other players.
This could turn out to be the biggest retail investor fucking in history. Get J6P all psyched up 'Everything is fine! The Fed is allllll powaful! Buy buy buy!' and then whooosh! The rug gets yanked, and they are all left rubbing preparation H on their reamed arseholes.
The massive insider selling up to this point was a clue. Why sell BEFORE the POMO hits, unless your broker clued you in that it wasn't going to work because it was to prevent a system crash from say... Ireland going tits up?
I guess we'll see!
I believe their last ditch is using POMO to try to chase people out of PM's and back into stocks. It wont work.
BSOD bitchez, and Bitchets
You called? Coming to an ATM near you. :)
I must say, TD, "Bennie & The Inkjets" is still one of my favorite Durdenisms.
Bennie and the Inkjets. Clever.
http://www.youtube.com/watch?v=ZxeBccvWDRQ
priceless
black folks trying to find the groove to EJ.
lol. Looks more like they might be after his Lucky Charms.
Watch out there Bernanke! Next 'airplane contrails' you see if you dont stop the stupid pumping will not be heading out to sea, but headed for east coast locations.
Blogger says Mish's blog "has been removed". Maybe something really is up.
Hey! Where's Mish?!
What the heck?
Whew - I am glad to see someone else noticed.
ok sheepdog, i think you may have a valid point! If proven out this is scary indeed that it would come to this. In light of that, the govern-mental delay of announcing it was one of ours, makes sense. If our generals had said on the first day that it was one of ours, then China may well have sent another more serious message.
I have not forgotten their cruel but effective one child policy. It showed they will go the whole 8 yards. Very draconian, no half measures.
anyone see this?
http://www.dailymail.co.uk/news/article-492804/The-uninvited-guest-Chinese-sub-pops-middle-U-S-Navy-exercise-leaving-military-chiefs-red-faced.html
Old News, dated Nov 2007.
boy is my face red...lol
I totaly believe it. Same day as China warned Bennie against POMO printing and crushing the dollar further and criticized the USD as world reserve currency as 'ludicrous'. Although I didnt hear the official line being 'its one of ours', I thought they concluded its an airplane.
A rocket-plane?
The WSJ buried the story, and said that they had it on good authority that a missile launching 30 miles off the coast of LA was...,"unlikely." Hard hitting journalism, there, folks. Unlikely. No shit.
Ahhm, you mean 9 yards right? As in giving it all 9 yards?
From the vault of useless information. Giving it the whole 9 yards is a WWII Army Aircorps term. Wing guns in WWII fighter aircraft were belt fed. The full belt was 27 feet long (9 yards). So when a pilot would dump all his ammo on a target he said he gave it "the whole 9 yards"
This is government. The must always hedge their bets by never "going all the way"
Question is: How exactly are they breeding, and why are there so many of them?
It's not like the fate of the global economy depends on this or anything. pfffff. FAIL.
Edit: Can someone post the Microsoft Office Paper Clip say something to the tune of, "it looks like your trying to diagnose a problem with your network connection."
I'm not exactly blown away by POMO so far
Too funny. I was wondering why the market was so flaccid.
I bet Brian Sack is running "Windows 600 Billion".
That ain't all that's flaccid.
Ben's wife has been deprived lately, fer sher!
Poor Mrs. Bernanke is probably exhausted. You know how those bankster types are into swapping everything?
She might not be all that upset. Just sayin.
"The POMO must flow"
--Baron Harkonnen
Or OS XXX and the damn color wheel keeps spinning and nobody has any idea what crashed.
3 more minutes of POMO, hooray!
If we don't ramp more than 3% today look for Ben to up the anti to 200 B per month
How much imagination does it take to fill a bottomless pit? The world may never know...
No, but we will know how much doesn't. And this figure will become progressively bigger.
Shedlock's blog is removed
did he say the wrong thing? NSA, can you see me now?
Perhaps DHS has decided that rampant discussion of deflation is tantamount to economic sedition?
"And darkness warshed over the dude...there was no bottom."
This is all just retarded.
They were just testing their "expectation" hypothesis.
Gold and silver down .... ???
Hmm looks like my theory may be coming true, QE2 is only for PM shorts and bond rescues. Certainly not providing much Viagra to equities.
Can you describe that theory in a nutshell?
see orly ...
Bond Overboard !!!
I wonder if Gold and Sliver are taking too much Money out of the Money Supply. As more and more Money goes into Gold and Silver there is less Money in the Banks, in the Stock Market, and in Bonds.
Not really. What do you think happens to the dollars when you buy PMs from a dealer?
They go right back into the bank.
The only thing that buying PM's does is remove the true, but largely unrecognized, foundation upon which our monetary system is built. Using these raw materials, we can build our own monetary system. One where everyone is equal, and gold and silver flow from consumers to producers.
What better way to start off the biggest racketeering endeavor (other than not starting it on time) than to quietly alleviate short positions and grab at bonds. The next move, now that those two things were done, should be to pick up some stocks and equities on the cheap. I wonder do Bernanke and Shirakawa trade baseball cards when they do sleepovers? Or do they stick with trading Norwegian ETFs.
"Release time".
Says it all eh?
Ahhhhhhhhhhhhhhhhhh........ pomo!
But seriously, the system is showing signs of major instability, ne? Not just the machines, but overall.
Merapi!!!
ORI
http://aadivaahan.wordpress.com
Funny how stocks suddenly implode without the POMO injections.
Watch for a possible breakout failure.
Just 1 more hit, should do the trick...
Hey Robo whats the drug of choice for traders of size these days on Wall St, bathtub crank?
http://www.youtube.com/watch?v=8qoCq-KsmZU
http://www.youtube.com/watch?v=UxrljsaGrqc&NR=1
What is causing the PM flash crash right now?
Not enough cowbe..er, I mean, POMO.
lol
If you were a bank, would you throw your "winnings" into the market today, or am I missing how this works?
They had to reload the mega toner cartrige. A standard size worked for previous POMO, but due to the high $$ and frequency they had to bring more capacity online. Simple glitch.
They had to wait while Ben and Brian figured out how to update the printer drivers.
"What?! Another reboot?"
In other news, they'll be trying to fit more bills on a sheet so we'll have a realtime reflection of the currency's debasement based on how much each dollar literally shrinks.
Yep, current drivers did not support that many significant figures. Add in a reboot and the timing makes sense.
"PC Load Letter?" What the fuck does that mean?
A politically correct missive sent to Timmay?
Stop the turban searches asswads!!
http://www.youtube.com/watch?v=7EYAUazLI9k
.
what a WARM up^, society.
humanity WB7, bitchez
Commodities are getting destroyed today.
Looks like the POMO went short :)
"Commodities are getting destroyed today"
LOL, if you were on the other side of the trade would you have called for:
"Commodities are taking a breather today"
LMAO
Silver just got the breath knocked out of it.
Yeah--temporary stunning of the diaphragm. Once the prodigious quantities of sack liquid begin flowing, I expect we'll start breathing again.
And Just in time the POMO starts flowing pushing this sucker back over 1200, phew....another crisis averted
LMAO
What?
Does it worry you that I'm being just as nonsensical as todays markets?
I mean, it all makes sense doesn't it? Commods down, equities down, DX down.....everybody is running from . . . . everything?!
I'd expect them to defend the SnP 1200 at least but hey, they are barely hanging on this far.
LMAO
What if we're just waiting for Godot?
I am rooting for Stuxnet to close Bennies account. Oh the panic in the market as the bankers would lose their billion dollar bonuses so close to xmas. Priceless.
Simply awesome. How to we start program GlobalThermonuclearWar?
Grain glcohol and rainwater Mandrake
PURE grain alcohol. PURE. To maintain the purity of our precious bodily fluids.
LOL William! Just watched this the other nite on TCM, hadnt seen it for ages its a damn masterpiece!
What is this from ?
Dr Strangelove
This is the kinder gentler gummit. When you go to the airport, you now have a choice of scanner of Dr. StrangeGlove
Here you go Spalding
http://www.youtube.com/watch?v=vuP6KbIsNK4
Thankyou my friend.
A little before my time ....
"You'll have to answer to the Coca-Cola Company."
LOL. 1960's Hollywierd Propaganda alert.
"I will not go down as the greatest mass murderer since Adolph Hitler."
...or perhaps Chairman Mao, Pol Pot, or Uncle Joe are more to your liking?
Dr. Strangelove, or How I Stopped Worrying and Learned to Love the Bomb. Gooooo Slim Pickins! Yahooooooo!
Hansel posted a link to his latest creation on my Abbott and Costello post, but it belongs here!
LMFAO ROTFLMAO
No fighting in the war room!
No selling on the exchange!
WAIT, they'll see the big board!!!
PDs are just cleaning up some cheap stock before they ramp this thing to a 1% uop close.
seriously enjoying JPM's effort to ram down gold and the metals stocks....
i'd like to thank them for the opportunity.
QE2 is only for bond rescue attempts and PM puts. Guaranteed.
The FRB forgot that they actually have to print bank notes to short them to buy Treasuries. Some FRB minion timewarped into a regular Bankster who can just has to deposit a dime at the FRB to go loan, ( POMO some Treasuries ) some money.
Plan A, wait for the banks to deposit some excess reserves at the FRB so the FRB can POMO must have run into a glitch.
Wouldn't it twist Ben's nickers if his buddies looked at a chart and decided to use his dough to short?
Does it matter? It is fake money given to banks that practice fake accounting, so why don't we all just pretend the POMO went off without a hitch, received a "better than expected" response in the marketplace, and the proceeds were used to buy wheat, gold, silver, APPL, PCLN, and the weekend's hookers in the Hamptons.
Exactly. Why should any rules apply when criminal bankers and PHD mad theorists are imagining money out of thin air to manipulate things with all valuation matricies thrown out the window long ago? Fuk it.
Right down to the cusip number. And gold gets clobbered. And "they've raised margin requirements on silver"(???) and "you over there won't get Social Security...BECAUSE I SAID SO, THAT'S WHY!" Cats and dogs living together....and "here come's the Stay-Puff Marshmallow Man."
LOL!
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.
Where is Bill Murray these days anyway?
Haven't seen him since he got shot in Zombieland
http://www.youtube.com/watch?v=M0fSklnPMAQ
OMG. Love that movie. Its a shame that it got so little publicity. It so blew the hinges of all that other Hollyweird crap that cam out last year.
i loved that movie as well. but thought it got publicity, if i saw it. i saw it over and over and over.
CEASE AND DESIST
"Pay no attention to that man behind the curtain"............
http://www.youtube.com/watch?v=Mb45tJhzmcI
Bernanke must be, at this point, talking with Airbus for borrowing some airplanes.
Hellicopters aren`t enough.
Now Ben needs a fleet of those Starlifters to drop full pallets o BennieBux, helicopters dont have near the capacity for the job at hand.
A couple of "shank and cranks"
wow! what genius. Did have of yer dad's hit the wall?
Its all unhinging, get supplies if you want to live.
Or just buy some stocks on sale this morning.
Totaly 'on sale'! Step right up! Get ya manipulated valueless stocks right he'a, they be ON SALE!! 'Buy da Dip' is the name o the game, get em while theyre hot and insiders are dumping!
Picked up some SSO right here for a quick run up today. No way they'll let this close below 1200. Good snap back rally through end of day.
Says Harry as he coughs up a bit more blood onto his napkin.
I appreciate that Harry provides actual thoughts and trading information. How much substance is there in the ten posts you've made since this thread started less than an hour ago?
Much more than you or Harrys 'buy da dip' bullcrap.
He's provided all he needs to. DON'T BE IN THESE MARKETS. Buy physical gold and silver instead. That is all you need to know.
I prefer to watch the markets burn from a distance, rather than trying to loot the building before the roof collapses and I'm trapped under burning wreckage.
Thanks, tmosley. Brother with a bit of common sense around this joint.
Yep. That's what everybody else thinks too. Good luck with that.
I think Ben is just enjoying his power :) He holds the markets hostage and is just enjoying the show. One press of the button and he can watch the green shoots!
Fing bastard.
One last dip before the machines are turned back on.
Nice...chance to buy physical Silver on the pullback.
I leveraged paper silver on that flash crash... waiting patiently for the paper to float back up, as JPM cover another portion of their silver shorts.
I want to do that, but I dont have the guts today. Best of luck. Im rooting for you.
Thanks. My boner chart for today would be a doji on SLV...
Man I love QE2...it is better than government cheese...hhmmmmmm.
POMO delayed ---- did the FRBNY's Mark 2 QE model colour printer breakdown...?
POMO delayed is IN-justice denied.
Short clip of Main Street USA ...2015!
http://www.sinodefence.com/
Very impressive choreography ... the sat dishes at 4:45...yikes.
Chart: YM
POMO no mo.
http://99ercharts.blogspot.com/2010/11/ym_8920.html
Dang! What the hell is wrong with this POMO? Supposed to provide fields of green shoots, hmm guess as I said theyre just using it to short PM's and trying in desperation to support bonds.
Seems JPM are not deterred by pending court cases. And why would they be with ownership of the CFTC and judges protecting them they just spit your face.
Nevertheless, when the SHTF these manipulators, corrupt regulators are the ones likely to be dragged onto the streets kicking and screaming and introduced to mr garrott. Now, I would pay to see that show. Maybe the US can contract it crime and punishement system out to China until this type of thing gets cleaned up.
YEA now thats what Im talkin about! Visions of 3 piece suit criminals being dragged kicking and screaming from their Bentleys, their 5 armed Blackwater guards can do nothing to protect them. The day is coming sooner than most imagine!
The Harris County-Houston Sports Authority is short $5 million on a debt service payment for Reliant Stadium due this week, prompting it to dip into its reserves to cover the bill.
It marks the first time the Sports Authority has had to draw on its $56 million reserve account to meet a debt obligation, signaling that the authority is not bringing in enough money to make its payments.
Those payments surged last year after the downgrade of its bond insurer and the subsequent demand by JPMorgan that the authority pay off in five years debt that had been due by 2030.
Simultaneously, the authority's income has declined. More than half its $72 million in annual receipts come from hotel-motel occupancy taxes and car rental taxes. The economic downturn has reduced how much the authority takes in from those sources.
The Astrodome that sits next door to Reliant Stadium still has 48 million of outstanding debt.
They will make it up with the Rockets' playoff revenue, right? Right?
Or they can charge Reliant Energy a few more million dollars for stadium naming rights, which can once again be passed on to its utility customers, right? Right?
Because people would never think to buy electricity unless it is advertised on an NFL stadium, right? Right?
"M-I-C-K-E-Y, M-O-U-S-E"
first we price in POMO two weeks early and then it gets sold along with its sister, an hour before it starts...this is the financial market, the most serious business in the world..and it's a circus. I can see why prophets are not encouraged to look at the work of the priests. Anyway, whose hanging by rope now?
Total damn circus, how long do they really expect people to remain placated in this Bizarro World theyve created before they go nuts en masse?
My protective sell stops (a.k.a. HFT candy) are so tight right now, my balls hurt. At least I got my last dividend from SXL, before it sells.
Come on Ben - INJECT, INJECT. Pfffwwwwwt!
Blow harder Ben BLOWWWWW!!!
Yup! I can name 30 stocks where the HFTs eat protective stops like PacMan pellets...
Not the slightest bit concerned about the eventual outcome for silver and gold. And in anycase the AUD goes down with gold meaning my position doesn't change too much.
In the end, when things are about to fall in a heap where are people going to put their money to keep it safe?
I'm not going to be betting too much on an Aussie bank if end up with a consumer debt crisis.
JPM's "titan moment" today... in a production where they play Sardanapolos and throw silver into the volcano... while the tribunal have their back turned...
Wish someone would kick the AUD in the nuts. Way over valued.
And with China giving some mild signs of problems you can bet the reaity is much worse. Probably the only warning you will get before the reality is revealed. Now that will do wonders for my AUD. Cant wait.
AUD=CNY . so yeah not so much.