This page has been archived and commenting is disabled.
The following headline from the Telegraph says it all.
- advertisements -
Contact Information:
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
Suggested Reading:
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
It would be very wise of you to study our disclaimer, our privacy policy and our (non)policy on conflicts / full disclosure. Here's our Cookie Policy.
Pretty much the same headline I read everywhere all day with the exception of cnbc.com which says markets rallied on "slivers of hope" in job report.
BOO! HAHAHAHAHAHA
At this trend I cannot help wondering where the market would be if BLS reported a loss of 1 MILLION jobs rather than 400K. S&P would probably be "DRIVEN' to 1,500 pts on hope of massive Fed's stimulus.
So next time instead of dumping POMOs, Fed should just rig the BLS stats higher and then sit there watching market marching to moon on high hope.
We could almost see the light at the end of the tunnel, that is the light coming from the modern day Rome empire burning down.
can everyone please stop picking on CNBC, QE, Keynesian 'stimulus' and federal deficits, fiat money, fractional reserve lending, and (The Fed) centrally planning of our money supply?
...just kidding. go on, then.
This type of headline perfectly sums up the bizzarro rally we have had in lst 4-5 weeks. There was a relentless rally in March-April that took SP500 over 1200. At that time, economy's future was very much a debate. Earnings were good due to easy comparisons. Many macro-indicators (like ISM etc) were quite positive. Whether they were temporary or not, that was an unsettled debate.
Now that debate is almost settled, and there is enough bearish evidence in the macro-indicators. Hence I think this rally has been remarkable. Gold, grains, oil and bonds - everything is up, up and up.
I am fully aware that the Fed wants an illusion of higher asset prices, and they are doing that by debasing the USD via QE. But if it results in higher oil and grains prices, without increasing employment, then Fed is really putting our future at great risk. They don't f*cking learn from their past mistakes.
They create a bigger monster to kill an existing monster and they are in this endless loop, trying to buy time. What if they cannot buy enough time ? Which is very likely and that's a nightmarish scenario.
Biflation, baby!
I like that phrase! Biflation!
Is Hetroflation better than Homoflation?
hehe....we're goin' BI! At least we can be "well endowed" for something
masturflation - as previously coined by another on ZH
masturful +1
HYPER-BIFLATION, bitchez.
I think it depends on who is doing the 'flation'.
Clusterfuckation!
Remarkable? No... Contrived? Yes.
Day-O!
http://www.youtube.com/watch?v=iMTNT_BzkdA
The Banana Boat song; we need Ben Bernanke to sing this...
Nobody told me that the Hindenberg Omen will be followed by the "Shortenburnen Rally".
the hindenberg had been reflated, time go long highly flamable airships
When I was watching CNBC today, I thought good news must have came out because of the way the market stayed up. But after reading the article about jobs, I understand something I saw early in the morning. The market was originally down with the news coming out, then the PPT and others pushed the market back up and kept it up. We aren't hearing this type of story in the US media, not one bit. I even went to the CNBC site and it's mostly talking about DOW 11,000 and the mortgage problem. Them saying that the job gain was positive is great, but they didn't tell us that it wasn't high enough and it was lower gain from last month and the month before last. Which in essence telling us that jobs are being shedded.
http://www.telegraph.co.uk/finance/economics/8051091/US-job-losses-spur-expectations-of-Fed-stimulus.html
now the earnings are even better because it has always been the government that's been broke and not America Inc.
idiotinvestor2 you are being far too rational about this and thinking from the perspective of a decent human being which the voting members of the FED are not. This isnt a "mistake" its a "game plan" and its almost complete. The FEDs stated mandate is full employment and stable prices but their true mandate is the exact opposite as is all to obvious to even a 5 yr old. oil and grains arent going up the US$ is going down, there is a big difference. With the US economy on its knees the final, fatal blow for the american middle class will be hyperinflation (of fuel and foods) that will wipe out what little wealth is left. its the final nail in the middle class coffin before stage 2 begins. Welcome to the NWO but feel free to stage a protest or demonstration any time you like. Most americans seem quite happy to see their and their families futures go down the drain. opps,Gotta go...american idol is about to start!
Hell, I beat 'em to it by a mile.
Pot, Kettle, Black. The UK has been a banana republic since 1920. Welcome to the global banana republic. Petty wars, wealth confiscation and servicing of the ruling class.
I'm thinking I want to have my farm declared and recognized as a separate country. Get the UN to validate my independence and then watch the bankers faces when I turn down their generous offers of investment capital. Of course, they will offer to shelter the investments in offshore banks and I will have to explain that I would only be hiding the money and stealing it FROM MYSELF. Yes, the look would be priceless...
This whole enchilada is becoming moronic. Why should we have to spend so much time and effort attempting to hide and secure our wealth from these sociopaths?"
They are predators that lack teeth and claws, therefore they hire out thugs to place the bite and strike fear. The "rule of law" is a joke. Law merely protects the thugs.
Humans need to rethink how they live, whom they choose to govern and lead and the structure of said organization, but then, people would have to become aware.
All present government structures are houses of slavery. The US is no exception. Bring on the revolution, bring on the chaos and make the bankers re-establish their power in an economy ruled by gold and the complete absence of leverage.
The world truly is a different place when you can see the bars of the cage you're living in.
It is indeed. Especially if you are of the type that wanted to believe in the best of America or any other country for that matter. What makes it worse is everyone's complacency.
As much as I have traveled, I have always been impressed with the generosity of people. Yes, I have met "small" minds, but the overall majority of people I meet are nice, trusting, caring people.
Many might refer to them as sheep and like many herd societies humans do share some characteristics. Unfortunately, the combination of predator capabilities has fashioned a weapon that can be as malevolent as it is generous in spirit.
For me the solution lies in the total dispersion of power. While it may never eliminate this problem, it will mitigate its' influence. Society should be a balance that allows for predatory excellence and efficiency coupled with the safety and security of a well defended herd. However, when the balance becomes skewed, we have the worst of all worlds.
Sean7k, you, sir, are a patriot!!!!
they had a banner on the screen that said dow 11,000. i thought bartiromo was going to bring out the balloons, pisani the cake and mcc the confetti
they had a banner on the screen that said dow 11,000. i thought bartiromo was going to bring out the balloons, pisani the cake and mcc the confetti
...from the newsletter of John Mauldin (John@FrontLineThoughts.com):
Our markets are a complete joke and our country has gone full retard.
Damn straight.
damn crooked, too.
You ain't seen nothing yet, go to Greece or Spain and you'll see what's comming in a few short years to the USA, it's not yet too late to arrange for an evacuation or at least be prepared
http://www.sovereignman.com/expat/big-brother-is-coming/
Might as well face it, we're addicted to smack...errrrr....I mean stimulus.
Next up: tax cuts (that we're also addicted to).
Bottom line: tax cuts, stimulus: same difference if Uncle Sugar pisses or shits printed money into the economy. Stimulus tends to go to the bottom half, tax cuts to the top half. There's no more trickle down than there is trickle up!
>tax cuts (that we're also addicted to).
We're addicted to not having our money stolen?
No we are addicted with "illusion" of getting something for nothing financed by debt. Same difference if you cut taxes and keep spending flat, or raise taxes and increase spending more. We are LONG PAST the point where US Gov spending can actually be paid for with taxes.
You do not evacuate. That's what they are hoping for. You stay here and kill the monster.
I am already 2 countries down the Road, and I am less than 30ty :)
I move not because the system sucks, it sucks almost everywhere, I left because I didn't see any hope for the people, when the people are hopeless ;) i leave
The future is West Africa.
Not according to Leonard Cohen.
Few short years? Highly optimistic.
ive been short for a few years. im highly pesemistic.
Takes balls for the pot to call the kettle black eh?.
U.K. has lots of room to talk, since their drafting off our ass like Richard Petty Jr.
Arrogant wankers.
Ah the UK.......... a failed Nanny State, though an accurate one at that. Being a G7 country is a badge of shame.
"Ah the UK.......... a failed Nanny State"
I don't think so, they are trying harder than ever before .. they did not give up hope yet ;) for being a 'successful' nanny state
WTF???
Did I miss something here? Are they saying they won the Revolutionary War and we belong to them after all???
me thinks they're saying "there's still room for something special."
It's a new paradigm, didn't u know, bad economic data = market rise, and for 99% of the people on the street who don't know how to independently (of the MSM) use their synapses it makes perfect sense
i present as promised the playlist du jour
meh. (a playlist): http://www.youtube.com/view_play_list?p=48CE3C94FAB01826
and a series of rap instrumentals (mostly) which are serious crowd pleasers
let it flow (a playlist): http://www.youtube.com/view_play_list?p=A328F37C5AD2C61E
and as mentioned before, this is all about sharing tunes with y'all and having some rythm and movement in this fine corner of the web. enjoy and have a great weekend!
Yes, your toilet paper of yesterday is a more expensive toilet paper today. Those who look at rising equities as a good inflation play are in for a nasty shock.
+
I just got 12 jumbo rolls of TP (six miles) for 50 bucks.
What the heck happened in commodities earlier?
http://market-ticker.org/akcs-www?post=168582
Its official- USA is the worlds biggest 3rd world banana republic with a lying tinhorn dictator! (Read how Obama just lied and actually did not veto HR3808, he just corn holed you) Wow should be good for another 3% on the DOW Monday huh? I dont give a rip about stocks, this weekend I'll stock up on more long term food and less than precious metals such as copper and brass encased lead. FTW.
Owebama once told the truth? When?
Outside of his first campaign, of course.
Hmm I dont recall ever saying Obama ever did tell the truth about anything.
11-TAC-12 to SHEEPDOG-ONE whats your 20 over??? I am surrounded by dumb-asses, they have breached the perimeter, drop all remaining ordnance inside the wire... Over..
but, but, but.....
"Polly wants a cracker"
Yea, I've considered closing my brokerage account and going to just all precious metals or foreign currencies. Tired of it.
Many wealthy people have done just that
The equity markets like unemployment don't they? It means you have a desperate work force willing to work harder, longer and do it all for less, with no benefits. That's if you're fortunate enough to have a job.
Equity market likes it's $$$, heavily roasted. God knows why...not me.
one reason among many is "they do the stuff thing." plus unlike government "we're forced to work in real time and in real life in equity world." governments have "dream time" and "dream world" as well.
Fuck me running! I can't help but think the rest of the world is laughing their ass-off at the great USA. Thank you Federal Reserve Bank! Are we not at war with terrorists'? Federal Reserve IMO is a terrorist organization!!!
+ the infamous kazillion
Dude no1 is laughing because no1 gets it the whole world is full of sheeeple they'll never get it
its like being born in a concentration camp http://www.youtube.com/watch?v=Ms4NIB6xroc you might escape but your mind will stay behind, every1 in the western world was born into such a socialist 'concentration camp' they don't know anything else and all think that the system works
Getting your body trapped in a concentration camp is nothing but getting your mind trapped and youre a gonner
We're born in a prison, raised in a prison,
--Yoko OnoSent to a prison called school.
We cry in a prison, we love in a prison,
We dream in a prison like fools.
"Wood becomes a flute when it's loved
Reach for yourself and your battered mates
Mirror becomes a razor when it's broken
Look in the mirror and see your shattered fate"
happy birthday John.
Terrorists can sit back while we poison ourselves with debt and leverage to cover up debt and leverage
Who needs terrorist when you have neighbours that live off your taxes and tell you, you should be gratefull for what they leave for you behind
Based on our experience in transitioning from The Global Imperial Superpower to something not quite so impressive, we know how this game plays out. You guys in the US better start working on some kind of tourist attractions based on the 'Good old days of empire' to attract tourists and the foreign currency they bring. Now that your productive industry has gone the same as way our once-dominant manufacturing sector did, you'll need it.
You guys NOT in the US better start acquiring all manner of self-protection devices.
"Yo mama ain't here to hep ya, boy!"
I recall that the last time the UK butted heads with a foreign power (Argentina this year in a dispute over the Falkland Islands and the drilling rights in that locality) Obama sided with the Argies.
Anyhow, since the US hasn't actually been victorious in any significant military engagement since the 1940's recording losses or at best draws in Korea, Vietnam, Iraq, Afghanistan etc. etc. I think we can manage without your help, thanks.
I was thinking more along the lines of your personal self, dooch.
Then you had better learn some grammar, my boy. You see, when you say 'You Guys' that does not seem to lend itself to an interpretation of 'My personal self'. It's the old Singular/Plural divide, you see.
If you absolutely must be an arse, and I accept that some people must, at least try to leave yourself less exposed to accusations of insufficient learning on the basic 'Rudiments of writing' front. It does tend to weaken your argument somewhat.
Also, I am given to understand that the word you seek is spelled 'Douche'. From the French.
Don't tell our legislators that "douche" is French in origin or we'll have to start calling it a "freedom flush."
http://www.youtube.com/watch?v=VJ2kfyQPfto
i prefer "uze gize" myself.
Bon mot, old boy. (Touche.)
Hmmmmmm...still speaking English are you not?.
Achtung!!
Who sent you Limeys rifles because your fooked up Gv't took yours away?.
AMERICANS
When you were SUBJECTS, not citizens.?
And you still can't own a friggin firearm!.How about a knife?
Funny how soon we forget.
Who sent sold you Limeys rifles
Get it right, the US of A was making money from both sides.
because your fooked up Gv't took yours away?
No, we left them behind on our glorious retreat to Dunkirk.
Achtung!!
Presumably this refers to the myth of the USA riding to the rescue of Europe?
And you still can't own a friggin firearm!
How have I managed to survive without one?! Oh, different culture to the USA.
I appreciate that the USA is not like the UK, so I never comment on the right to bear arms, things are different over there. Extend the same courtesy.
I think they're probably working on setting up an official monarchy here, so we've got that going for us.
There is certainly evidence of dynastic tendencies in the Kennedy/Bush/Clinton clans. Might be time to make it official and get some nice crowns and stuff.
Yes, by all means, Bring in the Clowns, there have to be Clowns......
It won't happen.
You want to know what wont happen? Q/E2.
You can have ours if you want.
And here is the Sex Pistols' position on the matter:
http://www.youtube.com/watch?v=dtUH2YSFlVU
I've been telling people for years that the US is going to turn into a giant Disneyland to attract Chinese, Arabs, and whoever else has any real wealth.
And Americans living in their countries will be regarded as amusing people who still talk about the glory days and are good at making those funny little ground beef sandwiches
Americans have more than one country,where you from Son?.
Must be the one with 57 states, like OMama Ben Llama said.
Teleprompter was set for Farsi that day.
Don't give up hope men, this is just the winter @ Valley Forge. WE shall prevail there is too many people such as ourselves, who will not stand for this BS. Once the fed is euthanized we will be a stronger better educated populace not so easily bamboozled...
Valley Forge? The Fed better start worrying it's not the Donner Party.. Lucky for the banksters I have a nice little garden so I don't have to get all "long pig" on their asses.
Ponzi Street brokers are approaching Morlock status a little bit each day.
what are you going to do? come on the internet and rant about it?
- that'll show 'em.
I always like taking things to their logical conclusion.
If job losses drive markets higher, it would be prudent of us to start losing jobs as fast as possible, right?
It would be funny to have a rally based on that premise.
Hello? Where ya been for the last 18 months?
USA: toilet paper supplier to the World.
//Hello? Where ya been for the last 18 months?//
Drunk. A lot. The political and economic environment make it absolutely necessary to be in a state of some sort of inebriation, it makes it easier to deal with retards.
The controlled psychedelic experience that is normal reality is just too much to handle otherwise.
"Drunk. A lot."
Yeppers, moi also.
It's a significant position of the current trend. When the masses are restless and need to be quelled, booze becomes less expensive. Also you can have all the pills you want to get it up, feel like a twenty year old, get high, get to sleep, and supplement the need for sustainable food.
Just don't rebel and make truthful accusations, or risk re-education.
Heads I win, Tails you lose!
See, everyone who loses their job is doing their part to support the economy!
i don't find it funny. makes me pretty pissed off actually.
See KD
http://market-ticker.org/akcs-www?post=168582
Holy shit.
Fuck, fuck, fuck, fuck, fuck.
http://www.cftc.gov/dea/bank/deaOct10f.htm
This was already going on last month. Just released today. Check out wheat futures.
Silver is hilarious BTW.
there's something really fishy about yesterday slew. if i were a conspiratorial type, i would surmise that yesterday's action in Ag was a concerted purposeful effort to slam them all up.
thanks for the first clue as to who it might be.
Those are for TEXAS Bushels boys.....................
Looks like a signal flare to me ... intended for those who have been told what to look for. </conspiracy>
Not many comments today about how gold got blowtorched, hmm oh thats because it recovered all of yesterdays blowtorching and then some.
Was waiting for AUY to revisit 11.28, meeself. Damn.
This guy got totally blowtorched.
http://www.tigeruniversity.com/mp3/TOS100810.mp3
I don't short anything when the Summation Index keeps rising.
Even if something I think has topped, I won't touch it on the short side until the market gets back into a downtrend.
'Not found' oh well stick with those imaginary stocks, Ive got solid locks on commodities skyrocketing in anticipation of certain biflation, get them in your safe. Id never hold Bernankes jerkwad bullcrap pump spew paper equity garbage.
Karl Denninger
Prechter
Richard Russell, Tim Wood, etc.
Robert McHugh
Tom O'Brien and TFNN.com crew
Nic Lenior
All these guys must be puking up blood after today.
...and you went gay on us. what's your point?
Hmm I dont see how Robo, KD is reporting on grains all lock limiting up today. Screw BS equity garbage, grains, gold, all rocketing up farther than stock illusions and Im long the real stuff, not paper nonsense.
It's human nature to advertise our successes and avoid discussing failures or comparisions to our competitors. :D
RoboTrader I just hope you see your confirmed downtrend as one Monday morning a 5%+ gap down market open, now that would be sweet.
You are so gay, RobotFag
The first time I read the "puking up blood" phrase, it was priceless, having actually puked up blood before. But after that you need more of a twist, not a straight shot.
The first time I read the "puking up blood" phrase, it was priceless, having actually puked up blood before. But after that you need more of a twist, not a straight shot.
In fact, I liked it so much I am puking up replies.
so many things priced in dollars. so few things that are not.
FED pampers gifts of rainbows & unicorns to peasants, market rallies over 11,000.
No doubt, the PigMen will be hiring some poledancers for the long weekend out at The Hamptons.
All you had to do is buy when Investor's Business Daily issued the "follow through" signal at the end of August. They have been in "confirmed rally" mode ever since.
And I hope they gap down the open 5% or more on you Monday, praying for a disaster they cant sweep under the rug and leave your clown ass dangling in the breeze.
trust me. "they do clowns, too."
Oh ya, muchos betteros....!
Good news Robot, strippers will be out of work when all those ones go into gas and that could mean some desperate skanks on the prowl.
Strippers & whores to be paid in pieces of 8..
i miss your soft, softcore porn, Robo. I really, really do.
Takes one to know one!
Roboclown poledancing over his 50 fake points on the DOW, wow big deal. Meanwhile I dont see him carrying thru his poledancing from yesterday about gold getting hit so bad, all recovered and then some, not to mention all grains lock limiting up today. Aw forget all that, Apple crap is up, and some Lemon shit or other. May the fleas of 1,000 Bernanke beards infest your nutsack for being a sellout. And by the way, since when did you just become an equities-only cheerleader? Doesnt lend much to your assertion of being some master marketeer, putting up charts of Apple and Lemon somethin or other. Sounding like a Yahoo!Finance stock board poster a lot.
I thought it was just me.
The Bernanke fleas is a good one.
two words: General Electric.
Look, small business is not going to hire when they are getting sucker punched by HMOs....I just got a 25% increase in my company's healthcare premium./.....And I don't see any increase in business on the horizon....we are totally fucked as a country.
Exactly. Pump the BS DOW to 15,000 whats it matter, the country is destroyed!
You too? 25%,hell they are all talking.........
Well, when you keep full coverage on 26 year old adults, it's no wonder.
Why didn't they just up the age to 40, if single?.
FTW and the horse it rides out on.
The Fed is the Market...
It rises on bad news because PD' with free money from the Fed lifts the offer because of the expectation of more intervention from the Fed who wil buy up more assets... AND it rises on good news because things aren't that bad after all, are they?
So the market will never ever go down again.It can,t because so few shares will be owned by anyone who can actually sell them.Just revolving in a circle between banks and the fed.Money becoming worthless,unemployment rising,property worthless,civil disorder on the streets,martians landing in times square,black hole opening up on the Whitehouse lawn,who gives a shit because no matter what happens the market will not drop until the computers fail.The real economy will become black market Gold and Silver,they have no idea what they are creating.
I think its going to be a great black market as well for anyone with the foresight to stockpile a bunch of cheap Russian weapons and lots of ammo for them too. Create your own army, or buy whole towns with it! In a Road Warrior economy, can you imagine the guy with an armory? You call the shots, whatever.
Point taken, but if you're an $%^#, I'd offer to build you a church, then put my carpenter's pencil in your temple. Gotta watch your back - unless you have knowledge. Somebody here said if an armed group came upon them, they would feed them dinner and teach them to garden. That's the way to do it ;) community.
I hope to keep my stash of .308, 30-06, and .45 ACP locked away for target practice...
Unfortunately, when they have been raised in a Welfare state to the 5th Gen, they do not work, they murder, and take, and move on.
Because, like the 14 yr old that capped a 45yr old for his watch said, WHY did you shoot him?, Answer, "He had what I wanted"
Did you tell him to give it to you, or you would shoot him?, "Nah, much easier just to shoot him, and take what belonged to me".
Teach that to farm................true story, one of many...........
And that was several years back.
For all you that are/were raised prim and proper, and monied.
Best get your ass some training asap.
You have no idea of the mindset of the animals on your streets now,(they have been raised without a conscience) much less if we have a societal upheaval.
i do agree "some companies will be suckin' wind in here." Needless to say "some governments already have died."
America,a third world country who can believe such gossip when you have such lightweight personalities as President "Ostrich - head -sand" Obama , Ben "If I make it so bad whatever I do it can only improve" Bernanke.These are men who will be compared in history as Pontius Pilot,Attila the Hun,Napoleon,etc, and other such luminaries who did much to enrich mankind.How PC is it to slander third world countries by comparing them to the absolute bankrupt the USA.
Right, its an insult to perfectly respectable 3rd world countries to compare them with Babylon USA.
Velvet Weekend bitchez........
John Galt says smile:
http://www.gata.org/files/QBAMCO_Who_is_John_Galt.pdf
This is a paper that needs a lot of exposure.
Just one juicy part:
US Housing Prices Surge on Bank Insolvency Hopes.
you forgot the housing discrimination love, baby! somebody forgot about the emotionalism of getting voters.
Yeah,it's a banana republic alright - it just hasn't got any bananas though.