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US 10 Y Closes At 2.95%, Japanese 10 Y at 1.00%
Stocks surging; Bonds surging; Gold Surging...
Nothing really to add: we are likely not only the only ones who miss the market fondly, as one more day passes with it rotting in the grave, after a cowardly ambush and 6 shots in the back by the Chairman.
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Stocks surging; Bonds surging; Gold Surging...
Ahh yes, the old "which one does not belong in this group?" quiz. LOL
Bonds of course, its not going to be different this time.
Bonds fell in the 30s and the 70s.
in the 30s & 70s the frn meant something; pls explain mathwise how today's treasuries can possibly depreciate vs today's frn. I would fucking love for 1 person to be able to answer this
The FRN IS the treasuries. The dollar is backed by the full faith and CREDIT of the US govt.
exactly my point
Bizzaro world bonds:
"Guaranteed to lose money for you!"
just my 2¢s
What's to be expected from QE.... Or have we forgotten...? They do not have any choice, they're too pot committed. It's all in....
they're too pot committed.
me too.
hey guess i never noticed, what is up with all the D O G pictures or a wolf avatar.
alpha wolves, probably dirty. cats and kittens too. dirty meaning too, i suspect.
Check out my she wolf feeding Romulus and Remus.
I am, "The Dog Lover Extraordinaire".....
No dirty meaning with this one.....
My dog is an honor student at the K9 academy
...And of whose past glory among the rubble, only the cats remain...
G. G. Marquez
There's no avenue to establish a trading scenario like the one held out to traders in the bull markets of the 1980's and 1990's. Those days are over.
Now, you have to beat out inflation and take measurements of earnings on an inflation-adjusted basis.
http://dshort.com/charts/N225-SP500-deflation-series.html?N225-SP500-ove...
http://www.nowandfutures.com/forecast.html#bear_markets
So many simultaneous 'flations! I think I got whiplash!
Look on the bright side the PIGS have recovered.
A fresh set of knee pads
PANCAKE BITCHES !! too many blue pills (diamond shaped) in system to capitulate just yet.. call it weird science
http://www.youtube.com/watch?v=zK5QfrilmKA
Well you don't get to be the Chairman by playing nice. You have to be a tough SOB!! Willing to run over 99% of America for your pay masters.
China buys more Gold on the quiet and no-one is supposed to notice again .................................
Be prepared for a huge meltup in retail stocks, I'm going to buy new dining room chairs tomorrow.
sorry, double post
Headline
Geithner blasts Bush policies for debt
WASHINGTON (Reuters) - The Bush administration's "misguided" policies are to blame for huge U.S. budget deficits, Treasury Secretary Timothy Geithner charged on Wednesday as he sought to build an election-year case for ending tax cuts for the wealthiest Americans.
Do bozos know no bounds?
At the end of the second O term (God forbid!) they will still be blaming B for whatever they choose. It is a method, and they have no shame.
---
What about the JournoList? Not one media desk left out to report it?
They'll still be blaming Bush at the end of the third O term. Maybe even the fourth.
Do you think he'll get a third term when it is proven he's not Hawaiian?
Since when have we followed the Constitution? I think the oligarchs have proven they can wipe their collective asses with it and J6P is to dumb and distracted to notice.
Though having said that Barry will not be pres next election. He is about out of juice, and I fear that to the oligarchs he might be worth more as a martyr in the coming years.
Note: I am not saying that any violence should happen, just pointing out facts. Hope Barry lives to be a 100 and write a new book "How I F*&#ed the S!hit of Dumb Americans!" in his dotage.
Already did it ... those were the "Dreams From My Father" ... all fulfilled in one term ... maybe he'll move on to be World Emperor.
I don't know what significance that could have. Surely you're not going to start droning on about the Constitution.
You're right by that time Obama will have a new 5-4 Supreme Court and the Constitution will just be a bunch of suggestions by some old guys. We will have arrived at San Dimas High (Bill and Ed's Excellent Adventure)
yeah, that boring , irrelevant, useless anachronism...the Constitution. Why would we ever want to drone on about such an inane topic.
It is the Nikita Khrushchev system of gubbermint:
http://everything2.com/title/Two+letters
I love that story!
It also shows how the 2 headed 1 party system is superior to the 1 headed 1 party system. The party is more easily able to manipulated the masses with that game. With the relatively quick turn around time too. Just a few short years ago the Reds were voted out en-mass in anger, and now the Blues will be voted out...but no matter what the 1 party is in control.
Its ok Tyler. We still love you. Im not a Doctor, But i play one on TV, So my advice... Smoke some smoke, Have a nice glass of Merlot, Buy massive amounts of GOOG and PCLN and call me in the morning.
Gold surging?
Platinum!
Bitchez!
Oh, platinum my lovely platinum! Pant, pant, pant.
Don't get me started here Mr Lennon!
Maybe we can ask RoboTrader to put up some platinum porn for us!
Every time the stock market gone go down Ben well print more money sow we are going to have a inflation rally in the stock and housing market for the next few years and with few wars on the side in South America and the Midle East, 2011 summer going to be Hooooooot. Deflation my... just buy TBT now and sell in April
Is that ancient Babylonian you're speaking there, Ham man?
Tail wagging the dog, tail = EM stocks, dog = developed stocks. I don't mean recovery, I mean just asset prices. Why not?
I said buy wheat, not gold. Months ago.
Paper wheat? is that better than paper gold?
Sure, you can actually eat wheat-paper
OR you can wipe your *** w/it if THAT doesn't go down too well. whatever..
I'm sure you did. Otherwise your moniker would be something like Goldman.
I think your recommendation arose from your name ... did you first try for 'Goldman' and not get it? I can tell you that names are so self fulfilling ... I've been names Bear for over a year now. But, I do believe in your position; I think I go get 'Soyman' before SU0 hits 1080.
Wow ... I really, really wrote this before Tricky Dick's previous comment!
he is bloody right, even if you make fun of him....wheat is on the verge of a colossal bull run. It is not a huge market...but there are money to be made there.
Food in general is going to be good for years to come. The Fed can't print food, and people worldwide have an addiction to eating.
DBA is the ETF (not leveraged) that is 25% each of wheat, corn, soybeans and sugar.
I have not checked it today, but over the past week or so it has been on a tear!
careful on DBA dc, that one can lose money and you still have to pay cap gains on internal transactions. USO as well.
buy components, careful on some of the ETFs. convenience can be expensive. no accident, methinks.
(as a avid fan of physical... you have space for a few bushels? :^)
"convenience can be expensive. no accident, methinks."
correct-a-mundo
Be just a little careful, The World is not Russia and down south (down under)its growing out of the floor, and then there is Canada. That said, it is going to go higher but not as much as you think. Input costs are rising at an alarming rate so you need more to cover the next planting. It is life for so many and should never be traded beyond the Physical amount available. I'll give you a hint --------> Watch if China sneezes and India gets a cold due to climate shortfalls(research that and you can write your own cheque.) In my informed opinion. Pearls to pigs probably!
Seems quite logical given your name.
this is the best blog ever! hopefully Brazilians will start taking a look at it and then will realize that the world economy is actually standing one or two steps ahead of the cliff....
Don't get cocky BrazilianSpartacus, if we fall Chinas is right behind us and guess who sells China all their Commodities?
Actually China might fall of that cliff before we do if you follow their slow motion Ponzi implosion/Real Estate Collapse.
China will fall just like companies fail when they cut off deadbeats from free stuff.
You can't print wealth.
Hey DarkMath... i guess you are Brazilian as well, right?.... whatever... but thats the point.. I dont think that Brazil will fall.... on a stand alone basis Brazil has relatively good fundamentals and the Brazilian economy is not reliant on exports as exports represent only some 12-14% of our GDP... the problem is... if that China ponzi-real-estate-bubble burst, then Im pretty sure we will se another turmoil / meltdown and I guess that Brazilian mkts would be much affected by that, as we've seen following Lehman’s bankruptcy... moreover, in terms of real estate, we are in the path of building a bubble down here... banks are lending like crazy, as there was no tomorrow... to me, although right now the local real estate mkt is far from a bubble, I think that it will be a bubble in a couple of years and it will collapse right after the 2014 world cup... lets wait and see... Abraços!
logic, even pyschology, havent a chance when the markets are so corrupt. 3%, 3000%, -3000%, anything is possible when you have someone pulling the strings according to their own designs. there is no more market. REal investors are reduced to the role of gobbies swimming along the gills of the sharks waiting to suck up some crumbs. Problem is, you never know which the shark is going to turn.
ETF Death Watch:
http://jutiagroup.com/2010/08/04/etf-deathwatch-for-august-2010/
Did GS tell it's clients just to buy everything? Bonds and Equities surging on the same wave can be explained in no other way.
UST at 129, JPY at 116, and the market surges from 1003 to 1120 (12%) in 23 trading days. Look we are either heading down (and bond surge) or happy days are here again and safe havens are sold.
Either Deflation or Inflation, but not both simultaneously ... Somethin's got to give.
Everything surging....is just thanks to "Money for nothing , and checks for free..." They will keep extending unemployment benefits and even increase them from now to eternity if it suits their scopes.
"They will keep extending unemployment benefits and even increase them from now to eternity ... "
Well, now to November at least.
You most certainly can have inflation and deflation at the same time. Inflation is caused by debasement, deflation is caused by economic stagnation (or decline). The NET effect on prices might be a wash, but both conditions are in effect.
The only winner is gold (and silver).
+ +/- $1200!
some people still aren't getting it. Its gold and gold stocks till gold revaluation which will happen shortly.
Once goldman and the boys have their gold in place it will be time to revalue. They already have all the cash from their massive shorts of crappy housing mortgages. They have now converted half their money to gold. They will use their cash to buy treasuries on the other side with better rates and have their gold worth 12-50000 an ounce. Meanwhile the lemmings will be buying their gold stocks after revaluation creating a bubble in gold stocks and the Dow takes on a 3rd world currency effect and goes to 20000 in the next few years and they tax all the lemmings on their devalued money in those years. Meanwhile the bankers have all the cash and a nice income stream from their treasuries. Don't be a lemming as new tax rules take effect in 2011 and the bankers will need to get their gold stock profits in for 2010. The gold revaluation tool is about to be used.
so, if you believe that is true, then you are long GS, right? because I can assure you that all GS EMDs and PMDs have a sizable fraction of their net worth in GS stock, and if that is the "plan", then GS is a ten-bagger
What greenspan meant on Sunday that the system is broken is that we are going back to the gold standard.
Monetary inflation now
Asset price deflation for now
Until the gold standard is put back in place as gold will dictate the dollar in the future not interest rates......
Means shortages of everything for 5 years!
Gold standard will probably not happen, as they could fiat it away as many .govs have in the past.
Check out the idea of Freegold:
fofoa.blogspot.com
The fed will be devalueing the US Dollar for the following reasons "we need our jobs back
and price stability". Remember the bankers have all the cash and all the gold. Half the population will be starting completely over in 3 years with their new $6.00 an hour jobs.....
They will really be devalueing the dollar to revalue their own gold and buy every bridge road utility in the country and charge you for everything.
TD, for those of us without Bloomberg Terminals, and simple tastes in charting software and data feeds (Worden meets my trading needs), it would be interesting to periodically see historical data on the spreads between various developed, and developing world rates on similar termed sovereign debt - i.e. the 10 yr bund vs. the 10 yr US note, 10 yr US note vs the 10 yr Japanese note (?), US rates vs China, Brazil, Australia, etc.
I know that ZH likes to focus on swap rates, and comparisons between them. Currency pairs also give insight into where investors want to be (and where manipulation is occurring). Maybe the interest rate spread data isn't that helpful, but thought it would be interesting.
Huge Iranian energy plant explosion coincides with bid on Ahmadinejad's life
A massive explosion killed at least five workers at the giant Pardis petrochemicals complex in southern Iran Wednesday, August 4, at around 12:30 - just about the time an explosive device was hurled at Iranian president Mahmoud Ahmadinejad as his heavily secured armored convoy drove through the northern Iranian city of Hamadan. This is reported by DEBKAfile's Iranian sources.
Ahmadinejad was unhurt although some of his bodyguards and bystanders were certainly injured. He made straight for Hamadan's central stadium and began delivering a speech that was broadcast live by state television.
Assaluyeh, the site of the Pardis complex, is situated at the opposite end of Iran, on its southern Persian Gulf coast not far from the Bushehr nuclear reactor. Iranian officials admit that large sections of the complex were destroyed but attributed the blast to a ruptured gas pipe. DEBKAfile's intelligence sources report that the plant was hit by five explosive devices. It was new, personally inaugurated on July 28 by President Ahmadinejad, who described it as a miracle of Iranian hi-tech.
Iranian spokesman were also trying to play down the attempt on the president's life by a bomber present in the large audience surrounding his convoy. At first they reported that the target was the journalists' minivan riding in his convoy. But their security services made haste to put the Hamadan and Pardis attacks together for a joint investigation. They suspect some enemy antagonist may have sought to prove it can simultaneously strike at two major targets in opposite ends of the country and get close to the president and also the Bushehr reactor.
Assaluyeh the town is a particularly sensitive place, because it is the hub of the Pars Special Energy Economic Zone whose industries are fueled by the natural gas piped in from the giant South Pars field.
Three days before the petrochemical complex was inaugurated, there was another mysterious explosion at a second energy plant, this one located on Kharg Island.
Iran's security chiefs are beginning to suspect that one or more groups of covert saboteurs are at large on Iran's coast opposite the Strait of Hormuz and are gunning for the strategic industries and facilities located there.
Hamadan's population is incidentally purely Iranian Shiite with none of the ethnic or religious minorities persecuted by the regime. It was built at Biblical Shushan, the burial sites of Queen Esther and Mordecai, several hundreds kilometers west of Tehran.
Aww, I just feel so bad that things go bang in Iran today.
//sarcasm off
Chairman B. only takes a < $200K salary; he needs to get paid in some other way such as 401K and IRA accounts. Any guess what assets are these accounts in for the Chairman? Stocks, Bonds, Gold etc. How can he allow them to drop?
http://www.youtube.com/watch?v=qUO8ScYVeDo&feature=related
sexy.
Here it is 2:07 am and I saw no action here since 11:00pm.
This is interesting.
Why the big gap??
Search for yield continues...
Oops
Interesting SP500 chart ...
http://stockmarket618.wordpress.com
There are certainly a lot of details like that to take into consideration.I read and understand the entire article and I really enjoyed it to be honest.
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