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Bloodbath
Finally, the market realizes that it was the patsy all along. This is what a real cliff looks like:
Of course, none of this news to any of our readers. From November 13:
Once again, it will be up to the market, just like last August, just like October of 2008, to implode and to shock Congress into awakening and coming up with a compromise of sorts.
But please listen to all those "expert" political journalists, reporters and pundits, who said all is well and not to worry about anything. After all they had pretty slideshows and lots of clickbait to make you believe they know stuff.
The good news: ES can only drop 5%, or limit down, on Sunday night when the market gets more of the same.
The better news: SPY is open late tonight, long after ES closes.
And it is different this time (from the debt ceiling debate of last year) as investorsd have been herded into risk assets en masse by an over-zealous Fed head...
Where it likely is not at all be different, is how much further the market will have to plunge to "extract" a deal from Congress... roughly another 15-20% lower. Which with a near record margin debt on the NYSE will become quite a sight to see.
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The jury is still out on that one. So far it's been looking less like a fail and more like a tactical first-move advantage.
Agree.
That's what I mean by failure though. Something planned.
Ah well then you can put it as "failure" in quotes so we get the idea that it's one of those "fail-(haha I made so fucking much money today)-ure" failures and not anything where -- you know -- someone at the top loses money on a bad bet or anything like that kind of actual olde skool failure.
Cuz failure is like totally not going to happen ever again in the history of the solar system. And they might even make it retroactive and just give a bunch of random money to anyone associated with Lehman, too.
You forgot to add in all the rest of us....former middle class turned working poor who are living hand to mouth....with no safety net. Did I mention that I noticed a huge spike in my grocery bill a few days ago? The cashier said to expect another by the end of January. 40 million maybe the number of people who are counting on the safety net. The much greater number and the more unpredictable crowd are those of us with no room to fall. We are here, our numbers are growing, and we are getting restless.
I think we are closer to a systemic failure than you think. A lot closer.
Run your credit cards up on physical,make the banks pay for your free lunch,just like the free lunches you have been paying for in the Cayman Islands,Channel Islands,Belize,Switzerland,Wall St and the Square Mile.
The little guy never gets his debt forgiven. Don't risk it.
Fact.
You'd think more people here would get that part.
The frogs don't know that they're frogs, or that they're almost fully cooked.
no tax refund for the easter bunny
Put on your rose colored glasses. "Green shoots" coming Monday.
Nice avatar. Should be on every bumper in America.
In the words of the wise Japanese, Please Don't Worry.
Or the Chinese curse 'May you live in interesting times'....man have we been Chinese cursed!
All everyone on here wants is the truth exposed and for reality to reassert itself. It's why we sit here on a 150pt drop and contemplate the end of the market and huge institutions going bankrupt. People want it so bad it hurts. Not going to happen people. You keep missing the 85 billion/mo lifeline. That is just what they tell you about. God only knows what is going on behind the scenes. At some point it will collapse but there is a chance most of us went broke in the meantime.
Oh it will definitely happen, we just dont know when. Passing out clownbux and being excited about it is long gone...time to shake up the snow globe again.
I just want it to happen when that dipshit Sullivan guy is on CNBC tapdancing around the studio with his american flag and telling us stories of greatness followed by "I noticed there seems to be a problem with the monitor it is showing the dow down 3000 points. Let's go out to Bob Pisani.....Bob? That is weird the trading floor is empty? Bob? Bob!.......BOB!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
truth exposure is not enough. the world is in the grip of a small group of very evil people. nothing will change for long unless they are removed from the equation.
We're living in interesting times
A system contructed on crimes
With evil Elites
Where everyone cheats
And truth comes in pictures and rhymes
so true... if you want to learn what is really happening in the world, you must learn to read the symbols... our ancestors left us many clues, and the controlers use their own symbols... if you can't read them, you are in the dark.
"You keep missing the 85 billion/mo lifeline."
At some point the collective fantasy of that free unlimited lifeline will be tied into the very noose which will hang us all.
Deficit spending = pretend, unbacked, make believe, collective fantasy.
When fantasy becomes reality... then me bucko's you have a cliff that drops into, well, pick your level from Dante's little black book.
I am past the point of actively wanting it to crash. I'm certainly in the apathetic/mild curiosity phase now. Beyond indignation, beyond stress. The situation is completely out of my control, and I continue to prepare as best as I'm able. I'll focus on what I can control and not sweat anything else.
However, when the spinning plates begin to fall, I'll be thoroughly amused. Hopefully the entire CNBC cast will commit seppuku on live TV, but that would require dignity and a sense of shame. I am afraid these were sold to the government / media conglomorate for pennies on the dollar during the 2008 election.
Or died
+1
"Government bonds will be redeemed because the government is responsible for, please do not worry."
One step closer to the Great Reset.
Cursive I cropdusted a conference room today. It was tremendous.
@fonzannoon
I literally lol'd. What's next, you gonna buying a Goatse T-shirt and wear it around the office?
ETA: We need some details on this like how many execs were there or what C-suite wannabe you bombed?
you AIN'T SEEN NUTTING YET !!
a -1.5% in spx futures after hours = a real cliff !!! ??? please !!!! gimme -20% drop...THAT'S A CLIFF !!
Don't know if it will ever happen but never say never.....
DJIA @ 7 - 8k
S&P @ 500 - 700
NASDAQ @ 800 - 1200
That's what I call a correction....maybe I'm old fashion....
No need to worry.about any market losses, reason why is that lets say the markets drop 1.7% today, well once they approve the fix which will happen in the next week the markets will erase all of today's losses and gain an additional 1-2%. This is just something to sir.back and.laugh at, there is a 99.9% chance a deal is made before the 31st of December 2012.
Buy the dip and wait for the quick fiscal cliff fix next week. Its coming...no need to lose any sleep.
well, you can knock yourself out gambling in the lunatic den all you like.
i'll bet my life savings that a deal will be reached in the last minute. Always does.
All 23 cents?
The 'last minute' is pretty flexible here - any time from Monday to maybe April 15 or so.
But if your bet is by January 1, 2013, you must be a Cubs fan. (No offense to Cub fans everywhere.)
Whatever they come up with it won't be good enough this time.
One does realize the commodity contract turnovers have begun?
I thought all the important sectors behaved in a very orderly fashion today. Possibly 100 percent major Market Makers, with virtually no one else participating.
What a spasten theater
when the hell do the futures close its friday...thought they shut down at 4:15 est ?
Near record high margin holders watching Friday selloff....well happy weekend to all degenerate gamblers and good luck you'll need it.
*ring, ring*....uh...Dave's not here man, call back later.
-1% = bloodbath????
Get real ... get honest too.
Watch the HFT machines drop the SPY through zero to minus infinity over the weekend when the divide by zero issue from Y2K crops up. There's a little bit of DOS left in everything.
Stocks tanked today, tumbling into the 4:00 PM ET close.
The S&P 500 fell 1.1 percent, or 15 points to 1,402.
However, the futures market is open and stock futures are tanking. Here's a look at S&P futures, which are down another 26 points minutes after the close.
Dow futures are down 226 and Nasdaq futures are down 36.
Read more: http://www.businessinsider.com/stock-futures-fall-2012-12#ixzz2GNyjF22c
http://www.businessinsider.com/stock-futures-fall-2012-12
And with everything riding with record margin, it could get real bad quick. That is, if it was still the olden days but now everything is owned by the FED PD's anyway so who knows?
All I know for certain is I wouldn't touch this contraption with .10 cents myself.
Strange....
That nobody finds it strange that this "news" was released before market close. Those with inside knowledge have a chance to collect big on their positions and then reverse.
This is how the 1% of the 1% is made.
We, otoh, just make comments. Who are the dumb ones?
BIG FUCKING DEAL. S&P is still magically at 1400 and whatever sell off we do manage to get will be a manipulated coiled spring like every financial market now. Nothing goes down except reality.
When we hit S&P 850 I'll believe in efficient, honest markets...I'm not holding my breath.
I am all in. This is the time to bet it all on GREEN. There IS NO CLIFF!!!! A pothole at most. Bank of america will close @ $14.00 on February 1st.
I'm taking the other side of that bet!
You Americans like the calvary riding to the rescue at the last minute don't you. It will all be bugles and the US being saved on Monday. Suckers.
lol
Wash, rince and repeat? Till when?
Dear Tyler:
Who gives a flying fuck if the market is down after the wholly predictable fuckery which transpired today. The 'market' is about as reflective of the real economy as Spiderman is reflective of what happens when you're bitten by a spider.
We should be working hard to buy Mexican and Venezuelan and Iranian oil, and investing in Africa. Instead, we're basing our strategies on the notion that the best thing to do is keep playing musical dictators in the Middle East, which in 30 years is going to be little more than a bunch of religious fanatics going around chopping each others heads off.
Fuck the market.
Much more worrisome is the extent to which the war profiteers and big oil and the various other usual suspects are keeping us from doing what makes geostrategic sense - disengaging from that clusterfuck, and preventing speculators from driving the price of oil and gas up and down on a whim.
As far as I'm concerned, anyone buying stock instead of canned food, guns, ammo, non-gmo seeds, water filters, antibiotics and maybe some metals isn't really thinking medium-term.
The fiscal cliff is a side show, and so is the reaction to it of the fuckwads investing in dollar-denominated paper.
Well said. But nobody (out there) wants to hear it.
Still, this is well embellished into the Stonework of ZH.
Give thanks for the the truth that is the beginning of freedom from the beast the world is fast getting tired of tolerating. With the talks of war crimes tribunals for isrealli leaders being discussed at the Hague now, we can be sure some hateful racist apartheid nation with dangerous USA taxpayer bought weapons of mass destruction working the the rottenchild empire of the dusted god money will have pretty good motivations to do the dirty barons works for that Utopia all are promised sometime soon. Funny how that works...deceptions...war...and all the hooey-balooey from the lamest stream yellow journalism propaganda dis/mis-information machine.
.
i loved that spiderman paradgim shift
It doesn't really matter does it? Just change the f'n accounting and reverse the entries on the ledger. Spending becomes a plus and tax cuts will send your surplus into orbit. Let Bernanke print until the final collapse, the numbers mean nothing anymore.
Hey Big 0... surf's up!
Party on dude.
The real sticker shock is when that $250k level is agreed to and then people figure out that it was for JOINTLY filed returns.
Guess what if you and your spouse make $126k @?
Guess what if you and your spouse make $126k @?
I have a guess.
You're each in the top 5% of income earners and can probably afford to pay a LOT more for food and oil. If you want to pay less in taxes, it's a lot easier to become poor than it is to become rich. You don't even have to work or nothin'.
Der Put ist Gut
whoever posted this is an idiot.
typical crap statistical "analysis." notice the huge positive COT at the end of 2008, not to mention the fact that he used 2 data "points" in history and conveniently ignored a third.
DUH.
the location of the positive COT is very obviously not the reason why this market will go down when it goes down; sort of like how giraffes didn't grow their necks longer because the leaves were up high.
you guys are hilarious.
BTFD
Ah "political pundits." and to think back oh those many...was it just weeks ago?...while Zerohedge became suddenly doormat...I mean dormant..."the bezerker" (yours truly) screamed to rafters "FISCAL CLIFF!" in the echo chamber. And without fail "the market traded on this (so called) news" while disabledvet did what he does past...musing on his own irrationality. I'm sure many a 'merican got their call..."a black man has been reelected! A black man has been reelected!" and leaving aside me being the last person in the world to talk race in 'merica I must say I found MYSELF feeling odd for a change. While I find the addition of Marc Chandler to the site quite the high powered addition (and it is...copyright ABC media 2009-2012 rights reserved--what exactly are those rights reserved for again?) I still find this site must read because of its MsCreants and assorted others. I agree the market got whacked today...but to devolve your own imbecility down to "those other political pundits" as opposed to your own (albeit correct thanks to me) view of "fiscal cliff as negative" is truly rich indeed. How long must disabledvet toil before allowed into the Pantheon of Pontificators? How long I ask????? I have gone out of my way to be hateful, despicable, irriscable and "just plum crazy." I want answers! I want THE TRUTH!
Buying SDS and TWM on Monday after they kiss and make up but do nothing on Sunday.
2013 is going to be the 2001 and 2008 years of hell for stock markets. First came the corporate/dot com bubble, then came the subprime/banking bubble, and now 2013 comes the bond market bubble. Each burst was progressively more violent and each burst bubble effected ever larger parts of the ponzi financial scheme.
"...2013 comes the bond market bubble."
I take it "13" is not your lucky number?
anyway, let the fucker burn down. my quote of the day, "guns don't kill, but subway trains do."
My Quote: "Ban the Subway Trains to Protect Commuters"
Don't be fuckin' with the trains. They're a very cheap way for us NYCers to kill ourselves--it's too fuckin' hard to buy a legal gun to blow our brains out with, and they put these big FENCES up around all the bridges!
No guns dont kill:
Its the idiot behind it!
Obama live at 5:45pn meanwhile his posse on the phones to Corporate 'leaders'
is this really it ? is this "the bloodbath" i've been waiting for ? i can't wait. i want to see this (thank god i've nothing in the market) . my brother-in-law makes fun of me, makes fun of my reading ZEROHEDGE, telling me to "get off that internet" !
Take a look at ERY (short energy) and FAZ (short financials).
No margin and brother-in-law will be eating CROW!
NEED... MOAR... HOPE...
http://www.youtube.com/watch?v=EADAxuqnqqQ
So, they pull back the curtains on Panem and discover behind the smoke and noise there is no intellgent life. Wow, surprise.
reality (knuckle-draggin') beckons.
Cue ball's made of styrofoam
And no one's got the time
Face the facts, politicians like to show charts that go up and down to all the escorts that they caucus with after a hard days snooze. It makes their members more erect and responsive to constituent demands.
Dow futures down 226 S&P down 26.
Not bad. But not enough for the banksters to blackmail another cool trill yet.
Won't be hearing from Bankfeind until he gets his holiday profits offshore. He cleaned them out good this year. Like the grand finale.
Cash is KING.
The payroll tax is a big problem alone. No beer money for the 50% ers
Expect riots on obamerramas watch
The Empire stands until the mercenaries can no longer be paid.
Until then, maybe some new episodes, but same old soap opera.
The future sucks because it's BORING.
ironic. i sort of just said the same thing above. bravo!
boring holes into the Titanic's hulk! Yikes!
When the market doesn't already know in advance what the decision is I begin to suspect its consequences extend far beyond the performance of a domestic stock market. If we see this passed, we will have given ourselves free reign to enlarge our military and welfare for the next ten years, that means high food prices for non-agricultural countries and cheap oil exports due to United States military pressure on those countries. This is probably the last straw for the Middle East, their people have shown they are suffering enough.
Read more at http://investmentwatchblog.com/homeless-lady-scratching-her-private-area...
Until some fuckers get hung nothing will happen. Amerika is fucked
boy, ain't that the truth. i wish it would start somehow......fantasies for now. nothing much will be "doable" on the flogging front until "we" figure out a way to starve the beast....the ones that protect the pigs who enslave us.
This is so staged, Kevin Henry obviously could have prevented this. He must have been told to start the holidays early.
Come on....12.9K on the DOW and 1402 on the S&P? That's just market theater playing up to the political theater in DC right now.
Wake me up then the S&P breaks under 1000. Anything less than that is just HFT and algo games.
OT: is it just me or are the fembots on CNBS set to extra Bitchy lately?
Or is it the lunar cycle?
From the Fawlty Towers: "Have you hung the picture yet Basil?"
http://www.youtube.com/watch?v=tGJnynLq8Lo
Ok I am going to attempt to look for an answer to this question. How can the stock market exceed or not exceed GDP growth of an economy in a given time. I will use China and the USA as examples.
Market Gains 10 years - 2000 - 2010
S&P Market Gain USA 10 Years - -26.24 Percent (60.33 for 2002 - 2012) Basically Flat for 2000 - 2012
Shanghai SSE Composite 10 Years - 131.48 Percent
GDP Growth 10 years
2000 - 2010
USA - 48 Percent
China - 113.3 (What is growth based on US Dollars)
Our economy grew 48 percent from 2000 -2010 yet the stock market lost 26 percent. Go from 2002 to 2012 and it gained 60 percent more close to the growth but higher than overall growth, but the economy only grew 1.7 percent last year. Ok what gives? Why is the market so damn choppy when we are putting up good numbers?
Furthermore why did the stock market gain 213 percent from 1990 to 2000 when growth was only 100 percent? Is this some kind of parlor trick?
It's make believe capitalization of the chosen corporations by Bernanke bucks. It's amazing what inflation can accomplish.
no matter how high the market continued to go higher, I couldn't help but think that longs were picking up nickels in front of a bulldozer. This post in no way changes that feeling.
dump it at a loss now
pick it up cheap on Jan 2
beauty
Obama still optimistic a fiscal-cliff deal can be made
we are buying senseless in our charitable trust.......my sources said ES will open above 1420 on monday
The MSM and this site is pre-occupied with the "cliff" crap - which is not an issue of consequence in the scheme of things. Very sad. The market will have a relatively modest reaction (less than 10%) no matter what happens. Non-event.
I DEMAND my Santa Claus rally! Where is my Santa Claus rally?
Uh, you mean we CAN'T print our way out of this mess after all?
I think that many were counting on the Santa Clause rally. Or at least the run it up at the end of the year to show profits and get bonuses.
But, sadly as we all know, Wall Street does the opposite of what everyone thinks. That is how they catch you in a bad position. Where you have to Sell to avoid losing more Money. Then once you Sell at a loss they reverse it dramatically. Leaving you in the dust, not even being able to Buy back in where you sold.
Long NY Fed Tungsten.
The policians are playing a game... they are forcing down the markets pretending there will be no deal... meanwhile they are buying the markets in anticipation of a big leap upwards when a deal is reached.
All because it is not illegal for an elected rep to front run.
What a fucked up country america is - bribery is completely legal (if run through a lobbyist) - and politicians can engage in insider trading.
Dow Jones daily looks very bearish.
http://bullandbearmash.com/chart/dow-jones-daily-falls-150-points-today/
The Dow March contract is 150 points below today's close.
January is going to be ugly.
Wake me up at 500
you can sleep till 2017?
Yes, nothing to see here today. Animal farm players are excited today on the global plantation. Middle management bag holders have to make a decision? When the lead cannot be shot out at something then it's game on.
What happens when "the market" realizes is cannot be fixed?
https://www.youtube.com/watch?v=m8fm3Z7jgWM
Depends on the rate of change
https://www.youtube.com/watch?v=m8fm3Z7jgWM
Depends on the rate of change as to 8 billion or to 6 billion tax units for these political animals. Even the smart kids see this.
Bailout Bonanza as usual,you know we are insolvent,we know we are insolvent however make us insolvent and all those CFSD,s come into play,we all know everything is insolvent unofficially but once officially insolvent then the whole world financial system is toast,basically we are bankers,we are too efficient to work and we do not give a shit so give us the bailout and we,ll be off then until next time.
Definition - Organized Crime Protection Racket.
Only answer is take the bastards down and take the cash back until this occurs your always up shit creek.
So Politico,s grow some balls before you learn to do the lampost shuffle without any rehearsals.
"The market" can't realize anything, and the participants realized this can't be fixed years ago. If you're patting yourself on the back about how smart you are right now, you're probably the sucker.
The marxist/socialist have wanted this cliff since 1875. There will not be any deal.
azz fucked
Read more at http://investmentwatchblog.com/peter-schiff-we-cant-solve-our-problems-w...
12,9xx is nothing, can will get kicked at last minute as we all know, dems and pukes acting all tough until last second compromise in order to "save" the economy. They aren't going to let this market go anywhere. Keep on wishing for doomsday scenario, not going to happen in this centrally planned world. The printing press will remain fired up.
yeah by 1 sec to midnight it will all be swimmingly beautiful again and the algos can go wild killer attack on shorts that dared
Don't worry, CBS Marketwatch is all over it:
Stock futures turn higher after hoursBy Carla Mozee, MarketWatch
1 comment:
Maybe you should pull this article. LOL
It's not Monday yet..
Even the Alien Space Lizards don,t bother with worthless Fiat Toilet paper,
Where did all of these stories come from? The earliest reference I've come across is from a Los Angeles Times news story from January 29, 1934, which is available from the Los Angeles Times archives. Geophysical mining engineer G. Warren Shufelt had been using "radio x-ray" and had discovered subterranean labyrinths beneath the city of Los Angeles, including pockets of pure gold, and taken x-ray pictures of many of the chambers. Somehow Shufelt met with a man named L. Macklin, said to go by the Hopi Indian name of Little Chief Greenleaf. Macklin told Shufelt of a Hopi legend of Lizard People, an advanced race, who built the city beneath Los Angeles to escape surface catastrophes some 5000 years ago. Their history was kept on gold tablets. It sounded like Shufelt had struck paydirt — almost. He still had to dig it up. Shufelt's crew dug a shaft 250 feet deep, well below the water table, which of course promptly filled with water, and that's where the story came to an end.
Wonder if there is a series of Tunnels from The Fed and Fort Knox.
Too bad they didn't use pumps to keep the shafts dry.
Maybe I'll swing out to LA with my sump-pump and backhoe . . .
Dow will break 14,000 on Monday lol
Come on, this was the cheap way for the primary stealers to send a message to dc. What did this move in "minis" cost 'em? blankfeins annual helicopter expense?
Agreement,stitch up more like.
http://www.youtube.com/watch?feature=player_detailpage&v=hvDDDKnNhuE
Wile E. Coyote...
Reminder ~ the Wile E. Coyote scenario awaits – no matter what eventuates with the fiscal cliff.
http://trader618.com
http://tinyurl.com/ZH-Forum
The stage is set.
Obama will parade around all weekend saying he feels a deal will be made (a deal that does not raise taxes on the middle class).
He will have the senate vote on a deal that will be passed over the weekend. It will be a party line vote. There will be no Obama concessions in that plan.
The media will Rave about the Obama/Senate plan.
It will be presented to the House.
The House will reject it.
The "right wing" will be blamed, with the tea party bearing the brunt of that blame.
The market will fall. Taxes will go up. Fear will be rampant.
Than Obama will "not let a good crisis go to waste" (Rahmism).
He will "hang" the Republicans in the court of public opinion and the media will be a willing participant.
A simple, and well planned, consolidation of power.
333
Yep, you nailed it.
(duplicate)
remember, the sequestrations and tax increases are part of the solution..not the problem.
the correct perspective is that trillion dollar a year deficits are the fiscal cliff...handing out/extending tax cuts and pork barrel spending embedded in the current fiscal position are part of the problem
any deal to reinstate tax cuts and carry on with existing spending plans accelerates the move to CCC rating..then of course D (selective or otherwise)
+1 on that & the imbeciles while swallow it hook , line and sinker
Don't over think this situation. Sell.
It is about time this farce collasped. Sorry about your 401k. I put all mine in MM and I hope it doesn't break the buck.
I have been short the S&P 500 for ovet 16 month's....since QE2 was announced......getting my face ripped off....I know the end is near I just don't know the fractal dimension exponent.
I wish I would have known about fractal series when I was in University.....could could have studied something relevant.
...
Not really knowing or caring about anything related to markets and the money changer business other than what one can learn here, and thank you all for being such good teachers and way-showers, but there is one thing that pics the interest mode so these questions beg to be answered please.
What was it like during World War Two in the stock markets and other related assorted money changer and commodities rackets? Is there by chance anyone here that can speak from experience, and relate to the two time periods, and any differences between then and now?
One has to suppose that the entire city, er state could get blown off the map at any time during such a world war, so, would that matter?
Thank you in advance for your education and experienced answers should anyone offer up some Light on this.
.
WW2 had QE from the Fed, & increasing taxes on everyone; corporations even had an 'excess profits tax'. BUT increasing wages vs declining wages now...and a 25% savings rate then vs low savings now. These savings were said to kick start USA out of 1946 recession and hi unemployment from returning soldiers. The nation during WW2 generally had a 'pay as u go' spirit....vs make only the rich pay as we get more entitlements now. 31% of USA did not have running water during WW2...but perhaps complained and begged less and was more willing to work.
25%
You must be missing a decimal. If not my head will burst.
The USD will still be good for a long time. Best to stay in cash and keep amassing more and more cash and down the road transfer it all into tangible hard assets (farm land, income properties, etc. but not gold because when the time comes it will be confiscated and repriced).
The deflationary forces, de-leveraging, defaults, diminished consumerism, asset values dropping, etc. will balance out the supposed inflation and the dollar won't be debased quickly and lose purchasing power.
Under the guise of reducing unemployment and boosting exports, Bernanke is pushing ZIRP and his monetary policies, but that is to create more expensive imports (inflation) in an attempt to get people to buy and consume now because "prices are going up" so he can kick start the velocity of money.
No velocity of money for a long time. I'm making my cash make more cash through lending and making my businesses earn and amass lots of cash. Down the road... farm land and income property.
Ben hasn't stopped printing.. so BTFD
Sp 500 knocking on 200dma.
As a retired institutional trader, this is the make or break point.
If you look at the last time the sp 500 was at this price while at the 200 dma was
june 2007. The Bernak cant lower rates, throwing money at it clearly has been exhausted.
There is a reason there is a term Bear and bull. Somehow the oligarchy cant accept that fact.
It's all just theater. Somehow will agree. And if not, perhaps, not a bad fall a "saving" of these wind flag or the word "consolidate" again.
agreeing to go deeper into debt (beyond broke) by extending the "living beyond means" philosophy that goes for mobocracy is not thater..it is fraud..
(mean while in congress)
Boner: Cmon boys, pray to Ben
Congress : QE5 QE5 QE5
QE6, QE7 QE to Infinity.
Bend Over and swallow cum is what Congress and the Whorehouse telling the great voters of Amerika.
I re did a bit of s and sp purchase right before the close, still have my shorts that have been up for 2 weeks now. it we gap down bit on mondays open, by the chart we shall cover most of that gap to the upside on moday.
also my program is showing markets open tuesday (new years? )
watch out for the bull cross...coming soon...hehe
Had to try out this new avartar. Apologizes in advance.
For House Republicans this is simple:
Pre- Dec. 31 "Tax Increase"
Post Dec 31 "Tax Cut"
Done.
Market prolapse imminent.
thanks
Few have lost as much money as me shorting this market.
But, everytime zh comes out with a piece, like this, the market rallies 4% and kicks me in the balls.
I wont be selling this market mon. either. Benny the ball can print a lot of cash out of thin air and buy the e minis with impunity all day long. And, I guarentee you: he is not ready to give up quite yet.
AFraid to be long. AFraid to be short.
Then get out, friend. Don't play the game.
WHEEEEEE! I allus loved a slide, ever since I was a kid.
Try this one: http://ts1.mm.bing.net/th?id=H.4747631925199512&pid=1.7&w=172&h=280&c=7&...