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Adding Insult To Rocket Attacks, Bank of Israel Now Underwater On Its Apple Position
It was all going so well, first name terms with Obama and AAPL up 30% from where you bought it... a mere two months later and the Bank of Israel is now underwater on their AAPL shares and about to print bullets. We noted in early March what a ridiculous ponzi this was all becoming when the Bank of Israel announced its purchase of US equity positions including AAPL. In retrospect it is so gratifying to gloat at the self-confirming bias that enabled their reserve managers to buy on the way up as the stock that can do no wrong lifted all boats. Actually, it is easy to gloat in any 'spect'. We can only assume that Bernanke's Bat-phone is ringing off the hook this afternoon to 'get back to work' and come to the aid of his Bank of Israel mentor.
There are also some very lumpy volumes around this level historically... more than a few hedgies chewing on their nails here we suspect.
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good. Fuckers.
"Israel, causing trouble since 1948"
When fractional reserve central banks (that get their money for nothing & chicks for free) "get in on the equity action," you'll never get a clearer red flag, so don't be a putz, okay?
Oy Vey!
In other news that's widely ignored, Argentina (beautiful country, beautiful people, economic basket case) is our own little Portugal in the Western Hemisphere, and is literally on the brink of total economic implosion.
Watch out for the sequential "they all fall down" action in South America, bitchez. Even the country that put the B in BRICs won't be immune when the fallout begins in earnest.
This goes to show why you should always manage your risk by diversifying into other blue chip stocks and risk free US treasuries. Smarter investors can also eliminate risk using modern portfolio theory by inferring future correlations from past correlations. In any case, risk needs to be managed properly, even by central banks. Our Federal Reserve has diversified across mortgage backed securities, foreign currency swaps and US treasuries, creating a tactical portfolio designed to both underpin the stability of the global economy and make a profit for the treasury in the process.
I didn't know you were Japanese.
And here I thought AAPLs were kosher.
You'd think they would have learned their lesson after the serpent tempted Eve.
after the serpent tempted Eve...
Adam didn't believe the serpent, he believed Eve. She only got pain, he got death. Go figure.
Betrayus retires w/o testifying, Israel gets a free pass to bomb / invade, whatever, the chieftain in command meets with the top 20, no, make that 12 of 20 ceos of USA income generation for pictures and we all get to sleep well tonight.
Nothing more to see today, expect more can kicking manana.
Let's hope / pray there's still a can to kick. And more / most importantly, be thankful if there is.
jmo.
Only the bullets and bombs are Kosher.
Don't be so crude, they are implements of kinetic military activity, that's all.
Meesa no wanta eat some Pb!
Only as long as you don't shoot shellfish, crustaceans or swine with them.
Never trust anyone that won't eat bacon.
A porcinophilic collective? That's odd.
"[Fractional Reserve Fiatski Banks] have a technology, called a printing press, or its electronic equivalent, CTRL+P, that allow them to produce as much fiatski as they wish at essentially no cost."
---Ben Bernank
Money For Nothing, Bitchez
This goes to show why you should always manage your risk by diversifying into physical precious metals. Smarter investors can also eliminate risk using modern portfolio theory by simply buying farmland that has a sustainable water supply. In any case, risk needs to be managed properly, like my mental state, for instance. Our Federal Reserve has diversified across mortgage backed securities, foreign currency swaps and US treasuries, creating a cluster-fucked portfolio designed to help destabalize the global economy and make life miserable for the 99% who are clueless and deep in debt.
MillionDollarBogus, you'll have an even larger treasure trove of material to work with if Janet "Batshit Crazy" Yellen takes over the helm from Ben "Bubbles&Bananas" Bernank.
undermine the...global economy
agreed.
America's shanty towns just keep growing larger (there will probably be 65 million Americans in poverty by the end of Obamney's 2nd term):
Nearly 50M Americans (1 in 6) in Poverty
By the end of his second term?
Well, last year...
A record 70.4 million people were enrolled in the Medicaid health care program for the poor in fiscal year 2011, according to government figures provided to CNSNews.com.
That figure equals about 22 percent of the population...
http://cnsnews.com/news/article/record-704-million-enrolled-medicaid-2011-1-out-every-5-americans
Yes, good point. I'm sure once one adds in all the federal AND state direct transfers to citizens, the real size of the impoverished in America is far higher than the official or official-alt statistics bear out.
America, with a rapidly shrinking middle class, a rapidly growing McClass, and quickly becoming a land of have & have-nots.
Place the blame on who and/or where you want, but that's just the raw truth.
What, you thought all the moochers voted for Obamatron just for his feel-good speechifyin'?
You have got to be one of the most stupid people on this site. You really believe this shit?
Translation, do what tilson does
MDB! Oh, how I LOVE satire. The highest calling of guerilla reformist journalism. You are a modern day Dr. Pangloss. Nice work!
“Our Federal Reserve has diversified across mortgage backed securities”...
Who's this "Our" federal reserve you speak of? And what is this “diversification” you place such confidence in?
The federal reserve I know here in the US is owned by private sector financial institutions that will be the beneficiaries of their employee, Ben, whose committed to reconveying frn 1 million a minute from now on of US mortgage paper into their possession and out of the individual state's AG grasp thus preventing them from being able to prosecute them for their felonious underwriting practices.
Yup, your bis, imf basel writing bankers without borders gotta be awfully proud of their raping and pillaging of the USA right about now.
Scum.
And ya know what else?
These / your institutions don't care they've already been made whole on their peddling of these felonious devices, they continue to display the audacity to conjure from ether the instruments Ben currently uses to trade for the evidence needed in a court of law to convict them of their criminal conduct.
It’s no wonder Tejas is of the frame of mind to tell the Chieftain in Command to continue on without them. I only wish California would take the next number in line.
So Brictional banking does 't work either?
Gold Bricktional banking maybe.
MDB , what the fuck do you know about investing , you bought Facebook you dumb fuck.
Hey, it's not his fault domestic speculator terrorists shorted Faceplant.
MBD thinks the Fed backing/buying losers (eg. WS junk/mortgages and US Govt junk/debt) spreads risk
f'ing hilarious
he needs warning signs on his posts, i wet myself laughing every time
Amen to that. Sad thing is though, when they lose money, they can just hit up a foreign government for AID ( which helps fund their apartheid state and its terrorism).
Screen name is a Nazi Germany era Generalfeldmarschall. Against the creation of Israel.
Lots of National Socialist trash on ZH lately.
Newton's Universal Law of Gravitation proven again by another AAPL.
</rim shot>
http://youtu.be/oShTJ90fC34
This drop is affecting AAPL many investors, Hedge Funds, Mutual Funds and Central Banks. It is very likely that there are pressures to "intervene" in the market to arrest the fall. Moreover, currently the market is already oversold. I think the most difficult is presented to medium term. That is, the question is if the market recovery (which could start tomorrow or in the following days), will be able to reach a new high. If it does not, we're in trouble. The market may drop significantly.
This is getting out of hand, we need the Equalization of Opportunity Bill and the Anti-dog-eat-dog Rule passed immediately! Let's be practical!
Fuck em. We went into the 9K range in 2009 and will go below that this time around. Be positive, we get to use the DOW 12K, 11K, 10K, 9K, 8K, 7K, and 6K hats again. Good times.
LOL
Prick Bove and Bank of Israel now both will need a bailout from Bernanke.
BTW, Did Mike Pento also loaded up on a “risky asset” like AAPL? After all, according to Mike Pento, the Fiscal Cliff does not matter for “risky assets”, as long as Bernanke prints money.
At this rate Bernanke is going to need a bailout from Bernanke.
Did you know Bernanke is also a planet in 'our' milky way with enough resources to surpress the goldprice for another 3 months?
By chance is it filled with a hostile species called the Krugmans that will brutally invade earth and slaughter most of humanity therefore spawning a golden age of Keynesian economic growth?
Now i understand the 'lead' in Bullion, beans and bullets. Thanks.
"...golden age of Keynesian economic growth..."
I see what you did there, RP. +1
Will someone please let me know what Brian Wesbury is advising his clients to do?
I am waiting on bended knee to hear his sage advice (so I can fade it).
for starters:
"there should be no doubt the housing market is in recovery"
"The long awaited rebound in home building has finally started."
http://www.ftportfolios.com/blogs/EconBlog/2012/10/19/existing-home-sale...
http://www.ftportfolios.com/Commentary/EconomicResearch/2011/11/2/housin...
Well then I am sure GHWB will start a colony there by 2020 and those lucky enough will move either there or to the moon.
Right Newt?
I would posit that with Israel's need to conduct most all import transactions in US dollars, the Federal Reserve already owns the Bank of Israel APPL position through a central bank swap arrangement.
It's just one big fat greenbacked rubber band running through the whole gotdam chocolate factory, tied into each and every little wheel, lever, crank, cog, and pulley, isn't it?
The real ugly would be a solid bounce from here into a sick H&S. Wondering how many funds and individuals would surely double down at the first confirmation of solid support here.
They will if they can convince their investors not to trade their IRAs into hot, wet, sticky cash!
Good point Centerline. I wonder too how many will be wiped out trying to trade this mess. I know, let's ask Galbraith:
John Kenneth Galbraith, author of 1929 - The Great Crash, described the pattern of the 1929-1932 bear market as follows:
Thanks, Mr. Morgan! Barclay's needed the contents of Ft. Knox more than the USA.
Unusually high volume in AAPL in the 3:00 to 3:30 period.
Must be getting tense in the hedge fund world.
The hits keep coming!
time to rediscover Gravity.. with an Apple.
What goes up....... Just sayin'
the usa congreff will give them more billions bitchez
Yep, no end in sight to international terrorism from its master practioners, global out-reach Govt
The Swiss National Bank (SNB) has started to "diversify" 10% it's fx reserves into (get this) "passive stock index investments". They're replicating different national stock indexes on their own. That led them to become a major shareholder in Nokia, with a position large enough to be reportable. Stupidity at it's best.
Our central bank is now nearly as stupid as the Norwegian sovereign wealth fund which got burned both in subprime as well as PIIGS by their advisor ... Goldman Sachs.
WTF are central banks thinking of buying equities... :s
Take a look at the Weimar Republic's stock market. It rose somewhere around 1000% in the period between Oct. 1929 and Oct. 1930. This time is different, because it's all the currencies in trouble at once. I agree that stocks are primed for a fall but that doesn't mean a central bank is stupid, or doesn't have inside information about what's going to happen next.
Please, stop it, they will decide what happens next.
The fact that they've been buying Nokia amoung all the available stocks out there is a sign of stupidity.
Never said it would be smart, but go talk to a Russian about stupidity when it comes to leadership in the face of an impossible situation or corruption and theft for that matter.
I've never met a Swiss man who didn't own a necktie with cows on it. I'm thinking that they should replace these with white elephants. In ten years the Swiss have sold half their gold, loaded up on euros, lent huge (in SFr) to emerging markets, and now "passive equity indices". Will they go out with a "Whymper" or a bang?
Whocoodanode????
Oye!
Surprisingly poor performance by the guys who supposedly secretly run the whole world. ROFL.
Gapple Computer
http://www.brotherjohnf.com/archives/95030
http://www.brotherjohnf.com/
http://www.thebitcoinchannel.com/
Now that Admiral Jobs is no longer at the helm it's full speed ahead towards the icebergs. They might as well have a sense of humor about it and release a video game console.
Knowing the BoI they were buying diamonds too.
Yeah, with Russia announcing recently that they have found a trillion carats of diamonds I am sure that the BoI is dumping those diamonds that they bought high and now are selling low. The newassbackwardsbusiness model. Just saying.
awthatsashame
there are some recent ZH bulls noticeably absent today.
yes, we haven't seen the orange jumpsuit Apple fanboi since about $640
They don't care, the funds are all stolen or printed by their buddies anyway.
Don't worry, they will print more and dilute your position.
Market selling off and no one cares, LOL... So funny...
Isnt this friday triple bitchez friday? Options expiring?
Friday's 2 days away
i know, been a long week this with Bumma being re-elected
OT: Der Spiegel has an article on it's international portion: How Shadow Banks Rule the World
http://www.spiegel.de/international/business/concern-over-lack-of-regula...
Descending the cliff of complacency.
Someone just let the VIX cat out of the bag.
That's all very well. I find the movement in the DJIA much more interesting. The pattern looks similar to Nov 2007.
I wonder what happened to the plunge protection team.
Better don your wing suits.
I bet they're all at the Goldman party for the new partners. Eyes Wide Shut type shit, probably.
Enough of the Jewelery ads allready........
heavy bombbardment.
MUST .... KEEP .... IT ... ABOVE -200... Can't have the evening news show a -200 day. 199 is acceptable.
WHERE'S YOUR KEVIN NOW?!?
Kevin's not at his post hitting the 'buy' button today.
You sir, are absolutely hilarious. MillionDollarBonus must stay up all night sluping Red Bull and vodka and roll on the floor laughing when he dreams this stuff up. I can picture you giggling over your keyboard as you wait for the perfect time to drop one of your creations into the conversation. Well done. This was one of your best!
(...inferring future correlations from past correlations. Blue Chips. Risk free US Treasuries. LOL!)
Totally agree.
The only thing is that Zhedgers reaction to him prove that even Zero hedge has a Gaussian bell curve representation of IQ.
"Bernanke's Bat-phone"
Ahh Mr. Durden, you are a classic. LMAO, again and again.
wait til you see Ben's bubble-car, bubble-copter and bubble-bike
...all steam powered, Ben shovels in FRN's apparently, a new 'free' (to the elite) ever-renewable source of green-backed energy also now powering WS and DC toward a bubbly nirvana
no productivity, just billions of bubbles
Time for China and Russia to start marketing to Islamic nations so some one can make a buck around here. You Nazty Spies.
No one really cares if a central banker buys for the good of its balance AAPL, AIG ; GM , or whatever.No one really cares if the Bank of Israel already unloaded those AAPL shares near the top or are still holding it , near their purchase price. Except you , who is eager as usual to point out that something is rotten in the little kingdom of Israel ( remember Hamlet right ?) . Actually you are mixing AAPL shares with rocket attacks : Under what logical pretence ? Then you are kindly wording this AAPL purchase as " Insults ". iT IS PRETTY OBVIOUS , MR DURDEN, YOU ARE LOOKING FOR A SMEARING ISRAEL BANNER . AND YOU FOUND IT (as usual ). Far from being a moron, you are showing great analytical abilities in your financial-economic field, then you add to your palmares those funny, soul-searching, skin-bruising banners or articles on the many devilish aspects of Israel. I suggest you to follow a relaxing breathing method ( mantra style very simple ) uttering a few yiddish idioms , then maybe your fantasy and smearing attempts at Israel will slowly halt and leave your mind for something closer to honest thinking.
Uh.... Why?
Jeez, Reggie better keep his sunroof open and watch the sky.
the Bank of Isreal has already blocked Reggie's email address after 17 "I told you so" emails today alone
can not think of a better reason for Apple to go to ZERO
I thought Israel/Jews controlled the financial markets. I guess that this is one pitch that we missed on.
I thought Israel/Jews controlled the financial markets. I guess that this is one pitch that we missed on.
Long,
Orkin® Pest Control | Orkin.com
Antichrist takes a byte on the other side of Apple 666, sings Rubber Biscuit, wears a flapjacket and still goes hungry. Look out bitchez, heel bruiser is looking to dine and dash everybody's ass now. Lame Duck and Cover soup for you.
http://www.themoralliberal.com/2012/11/01/nuclear-iran-seeks-apocalyptic...
http://www.theaustralian.com.au/news/world/nuclear-hit-israels-best-plan...
I met someone who positioned themselves nicely in the financial sense on the way up to the current precipice. Unfortunately they think "big drops = big bargains". Eternal optimist, born post-depression era.
I'm squeezing the Equity Longs and APPL bag holders via Selling Large NQ and ES Contracts intraday.. Inflicting Max pain on these Fckers! They checked in to the "AAPL Roach Motel" but they aren't checking out..