This page has been archived and commenting is disabled.
TYZ Bloodbath Commencing In 5...4...3...
The only chart that may matter until the end of the year... And no, this is not Portugal.
Furthermore, in extolling the virtues of the administration's trading record, one should be objective and point out that with a DV01 of $1,000,000,000, the Fed's SOMA is sitting on $20 billion in intraday losses today alone. (Don't forget that the Fed is the biggest hedge fund in the world currently).
»
- 40887 reads
- Printer-friendly version
- Send to friend
- advertisements -
KA-KA-KA-KA-KA-KA-BOOM!
What the heck is TYZ ?
10yr
does this mean they are skipping Spain and rest of EU and making a short cut going for the motherload?
Don't wait for it.
Buy silver.
Dang, Blythe went all out today! Doing those that wish to turn their FIAT into silver good!
I was quite convinced.
BINGO!
http://lhmarketwatch.blogspot.com/
Did they just instigate an after hours margin increase for gold and silver at the COMEX?
na, this was just caused by the world wide run on banks and the tellers see empty tills, the cach machines went gry so the consumers see no cash and there are no more banks in aussieland has cause a worldwide realization of less money in circulation causing a deflationary effect on PMs and fooditiess...
...cough, I wonder how much gold the red shield would forfit to cut the price in half... ?
Congratulations on your blog Mr Lennon!
Now you and Turd don´t go leaving us here, twisting in the wind...
:-)
Thanks DoChen.
Nice call! Congratulations!
I believe this means the Fed's bond buying did absolutely NOTHING and now they are looking at a very very healthy (unrealized) neg on their B/S :):)
HAHAHAHAAAAA!
That's quite the "turn of the phrase". ;-))
This is what happens when the Fed Chairman goes on national TV and lies while twitching and sweating profusely. You can fool all of the people some of the time and some of the people.................
The Bernank is a whoring, twitching, lying, fucking piece of shit traitor.
I was only able to post this now that I've calmed down.
ZH's language filter wouldn't let me post my earlier comments about Bernanke when I was upset.
There is a school of thought that opines that Mr. Bernanke and friends are acutally trying to instill lessons of self-reliance and self-education in a great mass of people. These "public servants" are making this effort at no small risk to themselves and therefore should be treated as angels.
But most don't want to hear that message.
For those that do: "Take your head out of your &&&."
And I know you have, you are here, aren't you?
With all the effort the dot gov has gone to to inculcate a dependency class, you are a fool if you believe a single word of what you've written.
I think LeBlanc was trying irony.
I was puzzled by his post...
Does that mean a Ten Year Zero coupon? Is that a swap rate or offer rate in the secondary market?
it's an ETF of sorts. Breadbasket of everything.
Or downward manipulation on PM's. The house will try everything at all cost.
If you need to ask, please mail me all your gold and silver.
That's why I Google anything I do not know before posting.
Makes me look wayy smarter than I actually am.
Google "wayy" ; )
Love your blog used the
BIG STORY, HUGE CONSEQUENCES, LITTLE COVERAGEarticle to inform many people about the real state of China's finances. The Day The Dollar Died Series is also one I have passed to many. Thanks!
Ignorance is not a sign of stupidity. Asking a "stupid" question is a sign of a wise man.
If you succeed at everything you do then your not trying enough different things.
You only get to pee on a live 110 kV power line once. If your so ignorant that you'd like to try it and report back to us, go for it.
Funny..., you don't sound like John Galt.
I prefer the old adage:
Learn on your own like I did and STFU.
You are an anti-intellectual. Congratulations on promoting squallor and perpetuation of ignorance.
stupidity is not accepting your ignorance.
Bernanke: 'We could raise interest rates in 15 minutes'
Bond Vigilantes: 'No need, we've already taken care of things!'
Bernanke to O-Team: 'We need a rogue group/nation to shoot off some type of missle or bomb thingy'
Classic!
[Doctor Evil pinky extended] "Fire the laser!"
Funny!
"I did not... have... sexual relations.... with THAT woman... Monika Lewinsky>"
"The contrails are from a amateur rocket..."
"We don't know anything about contrails.."
"The contrails are from a commericial aircraft."
.....those be chemtrails mistakenly identified as contrails....
Ben Bernank could RIR = boost reserve requirements for banks backing their credit extended...but then the TBTF Banks would be destroyed.They need FREE new no-cost FRNs that they like a utility they make you pay fees to use...better margins than the nth copy of the latest unnecessary herd-refresh of Windows.
Wouldn't it be funny to discover one day that "Hairy Wang" is indeed The Bernank!
Quick. Release Assange's insurance message. It relates to UFOs. We'll have the sheeple bleating for more security, and they will be glad to pay for it.
Kabuki for traders, save the dollar, blah blah blah. PMs were running away, had to be stopped.
Back to your popcorn, as you was, etc.
Dude, pls cut out the sensationalist stories.
Your prediction is not being confirmed by the CDS's... currently at 40bps, right behind the 3 nordic countries.
However, you can still be a hero and put your money where your mouth is... you can short as much CDS as you wish... the mkt is very deep.
If you do not feel like backing up your rhetoric with real cash... just skip the sensationalist crap.
You only make yourself out to be sophmoric.
But what do I know... I am just a Dick Weed.
Ka-effing-Boom, yep. 10% interest rate rise in 24 hr period. (2.9% to 3.18%), make that a triple ka-fooking-doom-boom.
Triple ka-fooking-doom-boom ==> from 2.9% to 3.18% in one 24hr period, yoikes!
Please explain. Anyone, Bueller, anyone?
I need some extra 'splainin' as well.
Bond selloff, rates explode.
Who's likely to be doin' the sell'n?
The Fed WISHES it could.. LMAO!! We all knew this was coming... their balance sheet is about to become the "TOO BIG TOO SAVE" story of our time. Oh, but that's right... I forgot. They are holding to maturity. LMAO!!!
Seriously, short anything the Fed is adding to its bubonic balance sheet.
I did, but that wouldn't explain the significant move. Lock in profits before the vigilantes get serious.
US cant afford the tax cuts and the bond market knows it.
And just like the hokey pokey...that's what it's all about.
Push back bitchez!
dup
Where is it going ...? Stocks, ETF's, Dollars ? Lol'
Margin calls, now.
Definitely stocks for sure. PMs getting hit, bonds and stocks shining green once again. This pattern seems to be holding up nicely on the equities side.
Harry, I know you like the big boys (Apple,Priceline) but will you take on more risk ( small caps or banks or ...) looking for a big pop going into next year ?
Yeah, so that also explains why the DXY is going straight up after Barry announced we were burrning another $1T-plus on the national credit card while consumer credit, once again, contracted. Right?
Trying to impart rationality to in irrational market is always fraught with peril.
"Pattern"? What a troll-tastic word for a single event you did not predict and cannot explain.
Choice response! Delightfully succinct and hard-hitting, as only HarryWanger deserves.
Hey, remember when you warned everyone about him a long time ago? Well now that he uses multiple avatars I was wondering if you would do that again ;)
Yeah, I should dig up that old post summarizing the truly malicious and sociopathic games this James Kostohryz has been playing in this forum for the better part of a year now --- a real perverted son of a bitch.
My blood pressure spikes everytime I see the American flag now. It doubles if I try and read his posts.
Oh gosh, you mean that slightly modified British East India Company Corporate Flag?
http://en.wikipedia.org/wiki/East_India_Company
Horizontal war stripes too; not the peace flag (vertical).
Not all persons that like the flag are shills. Don't make me talk dirty to you just to counter HarryWanger's dementia.
I think you misunderstood me.
Ok Mr. Lennon, here it is:
Before responding to "Harry Wanger", please be aware of just whom and what you are dealing with in this person:
http://www.minyanville.com/businessmarkets/articles/AAPL-apple-gm-psycho...
His real name is James Kostohryz, and he is here posing as a troll in dishonesty and in disregard for the fundamental purposes of this forum. He is NOT posting here in good faith, but is purposely antagonizing those with independent, anti-establishment views and opinions for his own selfish and cynical purposes, as part of a self-styled study on "the psychology of permabears".
He believes that anyone who opposes the current widespread fraud, corruption and rampant lies within our societies and governments are "utopian" and unrealistic, pollyannish dreamers.
And for those ZeroHedgers who are advocates of sound money backed by gold, this bankster shill is already out there with one of the most disingenuous, dishonest pieces of pro-establishment propaganda on the topic, expounding on how such financial integrity is "impossible", and merely "the rants of an ideological fringe":
http://finance.yahoo.com/news/The-Gold-Standard-Solid-as-minyanville-285...
Please do NOT respond to this reprehensible troll, here or anywhere else on ZeroHedge. He is NOT here in good faith, and should be shunned! Responding to him only plays into his cynical hands and feeds his twisted game.
Thank you.
The above is a must read for the ZH community.
Thanks for posting this.
Now I know who 'Harry Wang' really is, and it all makes perfect sense.
Wow, that article reminds me very much of L. Ron Bumquist's speech from Fear and Loathing in Las Vegas.
I can't find a Youtube of it in English, but here it is in French: http://www.youtube.com/watch?v=B9VtH38cGnY
thnx :)
Thanks for posting this.
From the comments to James Kostohryz's phsyco-dribble:
2009-06-04 18:49:42
John Witry Professor Kostohryz, Thank you for your continued opposing point of view regarding the markets. It's nice to see someone take a stance and back it up. I'm particularly interested in your BAC to $40 call. Last trade $11.57... So, Harry Wanger, trade away but spare us your social experiments. Cunt.So when he says he bought a new bmw M3. He's a chouffeur right?
Home James!!
I'll agree with Jimmy's #1 point:
That would be us. I'll gladly fall into that descriptive barrel.
As for the rest? Not so much.
I'll not reply to nor read "Harry's" posts from this time forward.
Thanks, akak!
I wonder if we can get him to say his name backwards?
...Sir Hot Sock?
+100
RED.
thanks.
Because the .gov demonstrated yesterday (and Sunday) that it will never do anything but borrow, spend, and print. There is no political will to pay back the debt, reduce spending, raise taxes. It's all theatre to keep the politicians and plutocrats in charge for as long as possible.
Any 30-year US Treasury holder today has to realize they will never see their principal again, unless they sell.
I, for one, purchased more PM's today. We are driving straight for the cliff, and just sped up a little bit more...
http://en.wikipedia.org/wiki/United_States_Treasury_security
http://www.barchart.com/quotes/futures/TYZ0
TYZ is the futures contract to sell a US treasury bond in some specified window in the future. The "O" says what month the contract comes due.
It's just like a gold futures contract on the COMEX, but for a t-bond.
When it sells off, that means that interest rates (the yield on the bond) are rising.
thank you for the explanation.
Hamster, when you don't know something, nothing shows it like trying to explaing it to someone.
TY is the root symbol for the 10-year Treasury Bond future contract. Z is the contract expiration month, and stands for December. The zero (0) at the end is the year of the contact expiration month, ie. 201(0).
How is your explanation different from that of idea_hamster?
Thanks -- learn something new every day!
Of course, now that I think about it, don't all these futures contracts have a 2-letter identifier? Should have figured that out on my own....
Well if you really want to get technical about it the 10 year is a note, not a bond.
It doesn't sound like he wants to be technical, just belligerent. It's funny how digital communications seem to make some people lose all sense of common courtesy.
Much like driving.
Much like driving.
tehnically speaking, your avatar has GREAT tits :-)
" "
wait ZN is the ten TY is the thirtY, no ?
I am 100% sure that.... Oh never mind.
+1 FUNNY! Let the bank runs commence!
It's contained!
The Depression is contained??
Whew! And I thought we were in trouble.
Not funny but tlt looks like the 2008 spx now
Ben better buy
Please tell me the vigilantes have finally found the mother-load.
Either that, or this is simply part of uncle Ben's program to force capital reallocation just before the criminal syndicate know as Wall Street moves in, scalps all of its hyped calls, and shorts that capital reallocation to oblivion.
But I'm not sure, you know. With all these mirrors and bananas, I can barely tell what the f is going on anymore.
"hey! don't wory bout'it. " Tony Sopranno
http://www.youtube.com/watch?v=zDAmPIq29ro
LMAO
ooops, my bad, sorry
Tuesday, March 11, 2008 On Mad Money
"Purple Shoehorse eats Bear Stearns"
Too bad Bernanke doesn't print Federal Reserve Notes and throw them from helicopters. Then he could use the fresh cash to absorb the losses, and in return inflate all markets. That would be win win for him until everybody caught onto what he was doing. But then he could lie and deny the whole thing because he has a PhD from Princeton. Oh well.
Bernanke IS NOT printing money.
And all loans given to companies and foreign banks with your tax monies have fully paid back the loans, with all interest.
And there have been and will be no losses.
Ben S. Bernanke said so.
Don't you watch '60 Minutes?'
Sheesh!
"with interest." LMAO. Like 1%. But Ben said it so it must be true.
You can be 100% certain of that.
I can stop inflation within 15 minutes.
"To the Bernank mobile! But first I have to find my cape and mask...Timmah, where's my cape and mask?"
Blackhawk and Timmah had bought themselves Batman and Robin outifts for the holidays. They loved to play make believe. "I am the smartest man in the world!" Screamed Timmah as he jumped on the hood of the Bernank mobile, an old Ford Pinto. "No you're not, I am!" "I am!" "No I am."
LOL!!
How about a WB7 'Bernanke Batman' post? May I suggest a 'Bat Cave' full of f@$ked up $100 bills, a Gulfstream G650, and a shitload of gold & silver?
No he Canute!
hun'erd percent
Ooh bond crash..... We haven't had one of those in what ... 18 months
Bond crashes are the best and most fun
This analysis is quite nieve. This is exactly what TPTB want. See banks need a steeper yield curve for their bottom line-it had gotten too flat. And what the banks want, the banks get.
I mean naive
That's what I was thinking but was worried I'd get flamed for saying with my less-than-well-finformed bond trader hat on. Is this just about keeping a steep yield curve? What is the 30 doing?
niave is just evian (like the water) backwards, that's how I remember it.
Gloomy, that is just errant analysis. This is a probem because its the market screaming "NO MORE QE", and the Fed has made it abundantly clear that the "recovery is not self-sustaining". So it matters not WTF the banks want in this case.
Read Chris Whalen on why the big banks are in big trouble and this was easy to predict.
The big banks are in trouble because even peasants have access to realtime news these days.
Big banks getting bailed out is a systemic design, and has been a recurring phenomenon since the Federal Reserve was founded in 1913.
But it's different now, as said, because it's a lot more difficult for TPTB to get away with it, which is why slimebags like Joe Lieberman is loudly talking about censorship of media, and clamping down on the internet.
When he's not wondering aloud why the US Dept of Justice hasn't charged Julian Assange with treason:
http://www.youtube.com/watch?v=7WuuGKW_eNc&feature=player_embedded
When asked the difference between genius and stupidity, Albert Einstein is supposed to have said, "Genius has its limits."
that's a gem
This man gives me more and bigger and hairier heebee jeebee's than:
Hillary Clinton
Bill Clinton
Richard Cheney
Hanninbal Lechter
Name your own Uber Creep or Cretinus Maximus...
"uumm, I don't understand why the Justice Dept. hasn't charged this foreign national with treason..." Yes it's utterly incomprehensible Joe you flaming, crack smoking douche bag. My god, sharpen up the wooden stakes Connecticut, go long garlic... my head might explode if I watch that again. Joe, you should run for President, you're prime POTUS material fo sho. Okay, rant over...
10:1 Dick Cheney doesn't pull an Assange and turn himself in.
... er ... Unk (whispering now) Cheney is no longer an official of the USG.
and ... er ... (whispering again) the moonbats haven't come up with any charges like having unprotected sex or "tampering with a condom" both of which carry two years sentence.
and in a related story:
http://www.nytimes.com/2010/06/10/world/europe/10iht-sweden.html
'cha, flirting with some gilt (or even sow) in a bar that could lead to and "exciting" night (no clue as to how exciting that might become any time the gilt changes her mind), well, probably the stupid ones are already gone.
- Ned
... er ... NewMeat (whispering now) I know Cheney is no longer an official of the USG.
and ... er ... (whispering again) the moonbats have come up with a charge.
http://blogs.wsj.com/corruption-currents/2010/12/02/nigeria-to-file-char...
Just taking any bets and feeling out the odds.
I Fester
dp (probably another crime in Sweden).
I think we should start a Stick a Cork in Leiberman campaign. Send him letters explaining how it should become a law for him have permission to be in public. Or how he needs to ask everybody's permission before speaking. We should send corks to him and ask him to insert it in any and every orfice in his body.
+1775
Who says they are trying to get away with it, when in reality, it's just the next disaster to have to address (a.k.a. "political mandate")?
I'm of the opinion (thanks to Prof. Antal Fekete) that eventually all banks not "in the club" will be driven out of business by infinite QE, with the remaining zombie bank(s) being de facto nationalized in order to provide the appearance of a banking industry. Instead of measuring profits in dollars though, their "success" will be measured by how well they conform to the current political will. When this happens, all lending (other than credit cards) will be done by whatever Fannie/Freddie morphs into, while banks will just collect processing fees. In a future of infinite debt, interest income will become a feature of the past, as infinite interest is not servicable.
Why would this happen? Because ZIRP all of the way out to the end of curve is the only way those in power retain it. If there ends up being any above zero rates, it will be in the new 50 yr. (or 100?) paper. That will kick the can far enough down the road for today's idiots to collect the proceeds of Keynes long-run analysis.
What looks like a collapse of the bond market today is merely the setup to replace investors with political pawns, just like they are doing now with the stock market. There will be some fits and starts, but like Ben said, he is "100% sure" he can destroy. Honestly, once all real market players leave, just how hard is it to maintain fictitious pricing?
The only alternative is default, and it is obvious that TPTB are not going to allow such a Jubilee to occur on their watch, as it bails out the wrong side of their equation.
Prof. Fekete is a pretty sharp dude. Thanks for bringing him up here.
Fekete and FOFOA, two of the Giants who can show us the way out, one person at a time.
nationalization bitches!
"...as it happened in Venezuela, so it will happen here." OLB
you can not default if you own the printing press. All you can do is make, the paper more worthless.
German Mark anyone... In 1919 it was 170 to the oz of gold, by 1923 it was 85,000,000,000,000.00 marks to the oz.
All this will kill anyone who is not of the ultra wealth class. Why ? because they will own what you can not affort to buy..."the fictitious pricing" is in their favor.
This will go on until the military gets a snoot full and can't buy what it needs. That is when it ends, not before.
makes sense.....every policy reaction for the past 30 years has been "let the banks earn their way out of insolvency". They will gladly sacrifice years and years of growth, the future of millions of people, to keep a few in power. Plus doesn't the fed own the vast majority of 10 years at this point?
The problem with higher bond yields is that when (if?) Timmy has to sell treasurys to finance the debt to any entity besides 'The Bernank', he's gonna have to pay through the nose.
Timmy isn't going to pay through the nose.
GREEN $HOOT$! (For the vigilantes!)
This is a staggering move. It is a complete slap in the face of both the Fed and the Administration. It will not take many more days like today for them to told their cards. They can't fight the market. The market is saying "no" to more bad paper.
America just got a wake up call from the bond market. Not even Bernanke can stop this now.
This analysis is quite naive. This is exactly what TPTB want. See banks need a steeper yield curve for their bottom line-it had gotten too flat. And what the banks want, the banks get.
Where's the steepener, bud? It's taking
on water across the whole curve.
Gotta start somewhere.
Steep curve doesn't matter as much when people are not borrowing.
30 plus % of the 'new cars sold' were to people with sub-prime credit. Here we go again. And, GM is stuffing the market with cars that are not selling as they claim.