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Clean breakout in bonds over the 21-day.
It's "Risk Off" for now.
Hey Dow down nearly 200 points! Where the hell are the "buy the dip_ies?" Don't you realize Ben and Gadaffi will send you to Gitmo?
If this goes on it'll be "Sell the Fucking Riff"!
dont worry Ben has the fire power for an reversal of 400 points in the last 10 minutes here, I say DOW green by the time maria struts her fat ass across the closing bell.
VXX breaking out:
i see the old catfish mouth robo uber bull bear wannabe has found another indicator. odd. the catfish told us the other day that his tour de main crash indicator was the summation index. maybe he'll post us a humungous chart later on to keep us apprised.
btw: max keiser (still in business fyi - you said he was toast a while back - just thought i would remind you) and gentleman jim sinclair (the old scroomer as you call him) send their regards.
If his charts don't go the correct direction he just flips 'em 180 and posts them anyway.
Takes a real neck twister to read the text.
I think bonds will trade up from here temporarily. Fear tends to be supportive!
In a nation not so long ago bid to cover meant something, but how can it mean anything when the so called bids placed are done via QE currencies and those accepted were arranged well in advance of the "auction" day? Of course someone will say, "Prove the auctions are rigged in advance", and to that I say ask what happens when the US Government wants to audit the Fed.
And then people wonder if the Dollar is a store of value or not. I am a human being, not just a human.
Can't monetize the debt forever. The rates are going up in the long term.
Which sovereign nation wants crap-o U.S. debt? It's obvious it's garbage.
U.S. - Broke
U.K. - Broke
Japan - Uber Broke
Santelli graded this issue at a C- .......... also has anyone noticed the flight to safety in teh us dollar.......not......... just another sign of things to come........ usd not even important anymore........thanks uncle ben
Magneto: We are future Charles, Not them! They no longer matter.
These statistics are fun to read..but they mean nothing now..if they had faces and names with them they might be worth something...but what is a PD today..or a Direct..no one knows...or an indirect for that matter...its such a game of hid the peanut....
0.745% sounds good to me.
Sounds like we are temporarily running out of fiat...
Start The Presses!
So 62% will be flipped in a couple of weeks. We've got this routine down. Increasingly, the only people buying are the ones who have no intention of holding on to the stuff. They're more like the Fed's Purchasing Agents, working on commission. Oh yeah, this can work indefinitely.
$4 per gallon for gasoline coming?
The Ben Bernank says QE is working. Well, it works if the purpose was to make Wall Street shysters and banksters and OPEC oil sheikhs even wealthier.
Good job, Ben.
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