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Market Opens Near Friday's Lows As Senate Gives Up (Early) For The Night
UPDATE: ES scrambled up to Flash-Crash lows at 1391.5
No Deal; No Deal. The updates came thick and fast and almost entirely full of nothing until Harry Reid called a halt to proceedings:
- *REID SAYS SENATE WILL RESUME WORK AT 11 A.M. TOMORROW
- *REID SAYS `THERE'S STILL TIME LEFT' TO REACH BUDGET AGREEMENT
S&P 500 Futures Open at Friday's lows amid higher than average volume but is modestly off the lows as an initial push (ES +4). EURUSD is 8 pips higher (in a purely algo-oriented lift as it was completely oblivious into Friday's close).
ES bounced a little
EURUSD vs ES
ES up to Flash Crash lows... interesting from here...
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Not so much that graph.. It's more like this.. http://www.youtube.com/watch?v=dWONT47LFZM&feature=player_embedded
was that a plane?
Now that was cool :)
Hello nine one one what's your emergency? Umm.. Hello? 911? Uhh Yea, we were just like.. hit with an airplane or something? Uuuh.. No,The only marking I saw on it was NYSE thin air, guess that explains why it like hit my car and stuff.. Huuh? No were not high.
Ain't gonna happen.
This is all just posturing.
They'll hammer out a deal.
Wall Street and London are calling the shots.
http://www.angrysinner.blogspot.kr/2012/12/sunday_30.html
These idiots (no offence to the growing army of the FAKE Disability Benefits recipients) need to implement the European negotiations model.
1. Start the Meeting/Summit after 7 p.m.
2. Make sure that all parties involved are force-fed to induce their sleepiness.
3. All negotiators must provide a proof that they are absolutely incapable of making a livin’ (legally or otherwise) outside of politics.
4. Whoever thinks he/she has the most cards up their sleeves/asses must fake a German accent and be (or permanently turned into) a paraplegic.
5. The judges must be GS/JPM former or current employees.
Looney
P.S. I'm sure, I'm missing quite a few "conditions", so please, ZeroDudes and ZeroDudettes, fire at will. ;-)
P.P.S. Happy (or at least safe) New Year to y’allZ!
We are offering you exclusive footage of the accident Tu-204 at Vnukovo airport. Footage filmed witness whose car caught the plane rolled out to Kiev highway
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News & Politics
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ha!
Looney
"Was that a plane?" It was Bernanke's Helicopter. . . cash overload
Yep... Lets call it a night, its not like the economy is riding on this!
Some "Stock Trader" on CNN just 15 minutes ago stated that 2013 could be a great year for stocks!!! He said if the fiscal cliff is not solved it is a "buying opportunity"!!! And if the "Fiscal cliff is solved"?? IT is good for the markets according to this fucking asshole wizard. He was on with a three way Blow with Don Lemon and Ali Velshi.
Goddamn right you are missing something. It's a buy the dip scheme.
http://www.youtube.com/watch?v=jllJ-HeErjU
BTFD, YFI! ;-)
I ain't got nottin' left to buy it with, though... ;-)
Sincerely Yours,
Fucking Idiot , aka Looney
nothing is happening that's NOT supposed to happen, much to do with nothing at this point
OH YEAH??? Well here is a Senator with the CALM Act
http://www.washingtonpost.com/blogs/post-politics/wp/2012/12/30/manchin-...
YOU can't make this shit UP! It is all TOOO REAALLLL!
Cliff Alleviation at the Last Minute (CALM) Act, ARE YOU FUCKING KIDDING ME YOU FUCKING ASSCLOWNS????!!!!???!!!
These FUCKS in congress can't even start the cutting of spending and are leaving it to the OMB!!!!! They just got a fucking raise!
Does that act include Goose Down pillows to cushin a plane wreck?
Next up..? S-BITH Act (Put-the-shit-back-in-the-horse) Act of 2013.
The FUCKS are living more dangerously as each day passes. Who doesn't think these guys are completely useless and should all get kicked to the curb? For real. Who would stand up for their Congress idiot if the mob got in and closed shop in DC, sending all these assclown Congress critters right back home? The only reason most of us would stand up is to applaud and give the mob a standing ovation for finally shutting this fucking farce of a political circus down.
What's the fucking point anymore? They had years to prepare for this event and then they give us this last minute bullshit where all comes down to the wire????
Making up shit as they go?
If I had ever worked like this in my life, I'd be collecting fucking bottles to buy a burger meal!!!!!!!!!!
FIRE THE WHOLE LOT AND BE DONE WITH IT! THIS CONGRESS IS NOT WORTHY TO GET PAID. NOR ARE THESE IDIOTS WORTHY TO REPRESENT ANY OF US ANYMORE!
The night is young and Hairy Reid and the Dems have loads of hookers they can go see.
The Tea Party conservatives in the House should keep telling Obam to F himself. The House consevatives should tell Obama/Reid and Pelosi they are cutting 105 across the board and no tax increase.
Damn - I get a banner ad for a used 2011 Ferrari 458 for $299,988 in Sterling VA at a DC dealership. Too much fiat Bernank bucks in DC to buyhihgher end FIAT's.
My neighbor has a new one in red just like it. He needs his taxes raised. F him! The bastard must have dropped at least $325,000 in Bernank bucks on it.
Come with dedicated State Mountie with full ticket book already partially filled out with name and address, lacking only date and MPH.
The old bastard is out there on Sunday at lunch time always blipping the throttle with that glorious Ferrari sound. he then takes off. Old F. At least he is not an O voter.
Talk about keeping up with the Jonese. Ain't gonna happen. Sad. :-( Tax the rich! ;-)
29 hours and 15 minutes to go for multi-billionaires to drop dead to avoid the 55% estate tax. Not too high a price to see David Rockefeller drop dead before midnight tomorrow.
How about gun banners like Bloomberg and Murdoch? Crony state fascists like Buffett and Munger.
One can hope and pray.
I mean WTF is with David Rockefeller? He is about 100. Doesn't Satan want to call that evil prick home yet?
Too busy counting the $8 billion he makes off of EBT cards at his The JP Morgue (Chase). Dante's Inferno awaits.
He might be 100 based on the year of his birth, however I doubt the age of any internal organ is over 18. The perks of being in the upper part of the .1%.
I tried to edit it. It should be the House conservative Tea Party types should cut 10% across the board from the budget including Obama's exec order salary increase for govt workers.
Cut 10% on EVERYTHING. Then when the debt limit has to be raised cut 5-7% more. Real cuts on everything.
Great idea, but it'll never happen. They can't make actual cuts to spending because it cuts right into GDP. If it weren't for gov't deficit spending, GDP would be about -8% right now. They know this. To cut spending means to admit that their policies have done nothing to rejuvenate the economy, and it means political suicide. Never gonna happen until the bond market makes it so.
New Zealand opened down 0.3%. Could be interesting how the markets deal with the political chaos. May not care with the Daddy Bernanke just waiting for the moment to show BOJ how to really print mo money
This mkaret mkaes no snsee
I like how the whisky is working. Ah, these nice Sunday afternoons....
Rikki Tikki Tavi Part 1 of 3
http://www.youtube.com/watch?v=0CrEX4MxAzA (7:14)
Rikki Tikki Tavi Part 2 of 3
http://www.youtube.com/watch?v=JPXSaFqxrWs (8:58)
Rikki Tikki Tavi Part 3 of 3
http://www.youtube.com/watch?v=seoKslUkDkE (7:52)
Das gold ies looking good her fuhrer!
Hello Sudden Debt. My name is Gerard Depardieu and I'm looking for a nice Belgian banking bitch. Will you be that bitch?
CNBC must be so disappointed that their special is going to be on with the futures up...
When Bear went down there was no special just some CNBS Asian anchors trying to make sense of it all but I know exactly where I was that fateful Sunday
Give up early and start work late? No need to hurry eh?
What kind of scumbags start at 11am after all this? The charade is insulting.
Scumbags who steal your money and future and who also want to disarm you. Those Senate scumbags.
Well, I expect they all wanted to watch the Cowboys/Redskins BIG game, and they made the call regarding which way to spend their time is more important. But not to worry--Joe Biden will surely resolve the mess.
Looks like there is a high due on the 4th.
change-in-trend.com
A budget agreement. WTF is a budget?
A barbarian relic.
"Tradition"
"Whimsical." ‘;-)
"transitory"
We don't need no stinkin' budgets!
"Terrorism"
...could be just,
Phil Collins - Another Day In Paradise
http://www.youtube.com/watch?v=Qt2mbGP6vFI
we don't need no shrinkin' budgets?
Double word-play!
Outstanding. I hope Tyler picks that up for a headline.
"A myth". Like unicorns, bigfoot and sanity.
Or like Barry Soetoro getting Tim Osman aka Osama Bin Laden. or building 7 kinda tales.
A budget?
It is racist.
Oh, like you mean askin' people of that kind to use a budget is.....
Nevermind....
I said, "be niggardly". Do I have to explain this every time. Or should I just ask them to be cheap.
Why, fergawdsake, can this petition to end the fed only have a few thousand signatures???
https://petitions.whitehouse.gov/petition/replace-private-fed-transparen...
Guess no one else cares enough to sign or cynicism reigns supreme.
America - fuck yeah !
not going anywhere near anything with dot guv in the url
Another know nothing with head in sand?
Or in another place perhaps.
Go ahead, tell us what you really think.
Ok,
What I really think.. and please ponder what I say before you spout off.
Since the dot gubs of this world got us into this mess...
WHY on earth would you go to them to solve it???
What do you really expect from your petition?? a come to Jesus moment and all will mend their ways? Come back to earth
The Senate gave up early so they could start front-running the futures market.
The PPT never sleeps, must have a dendrite into the HFT Algo--too much fun to infuse some curare and watch the /ES market act like an elevator with a broken cable.
Well, when the entire middle class has been told to invest their entire retirment into 401(k), you can be sure Ben knows they'll be watching the futures.
They'll ramrod the fuck out of it. Who cares how ridiculous it it? Do it anyway. AT ALL COSTS!
The Black Crowes- Remedy
http://www.youtube.com/watch?v=5qD72NCJSkk (5:17)
Stocks will be up
Is that you Joe Weisenthal? Is this me?
ES +20 after senate releases this statement on the latest negotiations http://www.youtube.com/watch?v=WbAqWA-dxvw
Same as always, ramp it up then cash out. Anyone buying into it deserves to get fucked.
Better look again.
Ben is in there cornholing the ES higher anyway. It'll be +15 handles or so by morning. It's the same old bid-the-shit-out-of-it-at-all-cost program as always.
This will be retarded. Gauranteed.
A 'short squeeze' will be the reason to ram-rod the fuck out of the SPX 30 or so handles tomorrow.
Im going to bed. My quart of Carlo Rossi merlot has done its job. Hiccup, Hiccup. What is a fiscal cliff?
Last minute deal will be made. Nothing but theater.
Not this time sweethart. This is breaking news 12-29-12 Obama deemed usless to the bankers at this point.
After you read this, you will understand what the panic is to get the guns from the Patriots. Viva la Revolucion.
http://theobamahustle.wordpress.com/2012/12/29/breaking-news-hawaii-state-registrar-alvin-onaka-has-publicly-certified-to-az-sos-ken-bennett-that-barack-obamas-hi-birth-certificate-is-legally-non-valid-and-the-white-house-image-is-a-for/
http://theobamahustle.wordpress.com/2012/12/21/breaking-news-chief-district-judge-to-rule-whether-there-will-be-a-temporary-restraining-order-enjoining-certification-of-obamas-election/
http://usazorrozpress.wordpress.com/2012/12/27/supreme-court-halts-obama-election-certification/
Some history http://askmarion.wordpress.com/2012/11/14/hawaii-officials-fingered-for-hiding-obamas-birth-records/
I've searched on Thomson Reuters and there are no news stories or headlines at all related to this - the news search goes back months so it should have returned something if there was anything there.
DavidC
Read the article release dates in the link. the Hawaii decision is brand new.This PDF is just for good measures. http://butterdezillion.files.wordpress.com/2012/09/complete-klayman-letter-to-bauer.pdf
The TR news search searches from, and includes, the LATEST headlines, as in NOW.
DavidC
Don't act like a dick just because it's not on your favorite Zionist news outlet. Just like my dad, if it wasn't on Fox News.. It didn't happen.
Careful. I was responding, pointing out a fact. Whether or not you like it, TR news will, and does, report facts. It may have an agenda (I don't know) but it most certainly is NOT Fox news.
One other point, do NOT accuse me of acting like a dick when all I was doing was pointing out a fact. I don't take anything at face value without verifying. I don't indulge in name calling - whether I agree or not with your original post, please grant me the same courtesy.
DavidC
Verifying? You are pretty naive in think the newsmedia (especially TR), TV, Hollywood or any media is a source to verify anything anymore.
They tell you want you need to know and the way you need to know it.
1 - I didn't say it was the ONLY place I'd looked (it wasn't).
2 - No more naive than believing anything or everything I read in the blogosphere.
3 - Yes, ANY media (that INCLUDES the internet!).
4 - Why ESPECIALLY TR? It's not infotainment (like Fox, CNBC etc)?
I've been around too long, and trading these markets long enough, so naive? Hardly. I know the more reliable sources of information. Fact. DavidC
I'll believe this matters when I see Obama on a limo ride out of the WH after a resignation speech. Who knows maybe the media might cover that.
Yep. And getting everyone habituated to tax hikes/spending cuts.
Meet at 11am, Hell half the day is almost gone already. Did they ever hear of getting up at sunrise to do the work that is necessary!
No fucking shit , my azz gets up at 4:45am to go to work 11 is lunch
Senators have the best gig you could ever dream of. They work about 3 days a week at the most. The rest of the time is spent trading on inside information, dodging yacht taxes like Kerry, endless scams the Harry Reid klan dreams up in Nevada and other vile bullshit like banging hookers, snorting coke, spending your money.
While The Global Economy Tottering On The Edge of America’s Fiscal Cliff, Wilbur Ross Sees Recession In US, Warns of 'Greek' Debt Situation!!!
http://investmentwatchblog.com/while-the-global-economy-tottering-on-the...
Don't you understand?
The Redskins/Cowboys game is on tonight.
Screw the cliff!
Pussies in DC. WTF. Reid should commit harikari. People in NV are fucked up voting for this idiot over and over. Shows how inbred fucks are in NV.
NASDAQ100 looking pretty much the same as Dow / SP500 - down, down, down.
http://bullandbearmash.com/chart/nasdaq100-weekly-falls-2-short-week/
Talks only resume after 11:00 am tomorrow,how convinient! Trust me if no deal is reached it will only be annouced after the closing bell tomorrow. In the meantime the algos will ramp up on Wedndeday when the "No desl" is a distant memory.
....... Senate gives up?
Hah!, I say.
They didnt give up early. Right on schedule. Football game starts at 8pm after all.
Look, from a purely political/theatrical perspective, why in heck would Obama/Reid do anything at this point? They're about to get everything they want - taxes go up, big, without a single vote; defense spending gets "slashed"; and their inept, stupid "opposition" gets blamed for everything.
this is right, accept Dems appear to be the more rational actors when it comes to the debt ceiling. One gets the feeling the House is willing to take this thing nuclear. Thats where all their leverage is and they intend to pull on it.
and now im going to go pull on it too.
The bright is that unemployment benefits end at the same time so all the freeloaders can go get a new minimum wage job instead of lying on the sofa like they've been doing the past 2-3 yrs.
The House should go nuclear. The f is not even eligible. What has the House got to lose? They will be demonized by the NWO media no matter what.
The House should go nuke because The United States Inc. (a corporation) is dead and bankrupt. Game Over man!
We are just intangible assets or debts on this NWO corp's balance sheet.
We probably will be downsized with chemtrails, HAARP or those DHS 1.5 billion .40 hollow points the corrupt thugs bought with our money.
That .40 shit may just run right up against 5 million licensed and pissed off hunters in the USA with scoped rifles and .308. Plus probably about 4 million AR15s and .223.
I doubt there are 4 million AR15s now, many have been lost recently in boating accidents, ironically the same thing happend to me not 3 days ago, water was very muddy and after my best efforts could not retrieve it. just as well, I here those black guns make you crazy.
+1
A "friend" had a boat and he liked to take his rifle, ammo and precious metals on boat rides. The salt air supposedly was good for them. Sadly, he dropped a gold bar and it went right through the hull of his boat and it sank. He was fine but he misses them so.
Thats what the market didnt realize.
Going over the fiscal cliff was the best option for both parties.
over
under
# of con-critters net short in their portfolio right now = 100
The market priced in a smooth and timely end to the fiscal cliff.
This may be the first time in a long time I "knew" more than the market.
The hard part is knowing when to Reverse the trade. Somebody ring a bell for me please when risk is on again.
Hot date with Buffy, Harry? Leaving so early?
I know this is a stupid question, but I thought the SPY was down an additional 30 handles AFTER Friday's close...No?
Or, was this just another Bernanke slight of hand??
I know this is a stupid question, but I thought the SPY was down an additional 30 handles AFTER Friday's close...No?
Or, was this just another Bernanke slight of hand??
Hey people
Let me repeat this again:
The net longs or Primary Dealers are margined to the government.
Hence, ONLY OBAMA CAN MAKE THE MARGIN CALL.
Obama will make the margin call when:
1) It is suitable to him to make that call
2) When the REAL ECONOMY forces his hand.
So, people, forget about the word "market". The only market right now is called:
Barack Housein Obama
No different from 2008 when the market had only one name: George Walker Bush, whose hand was forced to make the margin call. The force that forced Bush was: OIL PRICE
http://www.cnn.com/2012/12/29/politics/congressional-watchdog-group-thre...
China may be getting a pickup due to temporary stimulus, making for an industrial commodities lift, but confidence has sunk in Australia as loan data is looking a bit sad.
--
--
No confidence looking forward there - just flat prospects.
Well, at least we can watch the Times Square ball drop.....a metaphor for these assclowns dropping the ball on America.
When it hits bottom, the ground will open up like an event horizon around the rabbit hole. Once the ball touches the event horizon, it will INSTANTLY and to INFINITY be stretched to the waiting singularity.
Once the ball reaches the singularity, a new universe will be born out of this old, stagnant and fetid one.
THAT universe will be devoid of assclowns. THAT universe will have homogenous people living their lives in freedom, without the bloodsuckers and parasites that slowly stole their lives in the old one. The new universe will have happy people living in harmony, working in their own self interests as they should but giving and taking as each sees fit, not having the fruits of their labor stolen at gunpoint to feed a nation of 'takers'.
THAT Universe, is a .....Whadda ya mean, I'm coming with you? What have I done? Fema what? No! BANG! KA-BOOM! KA-BLAAM! POP POP POP....
Wile E. Coyote reminder:
Whether it’s caused by fiscal cliff, debt ceiling, Europe or something else, it doesn’t really matter because as noted before – another crash is guaranteed.
It’s a no brainer.
Charts don’t lie.
http://trader618.com
@grandsupercycle
The market didn't end at 1384 on Friday EOD. How come Futures are green? It makes no sense what they're doing.
Let's meet at 11. Seriously, is that something you typically hear when people are working towards a deadline?
Georgia food stamps run out:
https://www.youtube.com/watch?v=Ufk7IXdxc-c
Watch the TAKERS howl!
This should be required watching.
It is when they are operating according to a carefully choreographed script.
I do more work before 11 than most politicians do all day........and I get up at 10:45
Boy this is getting uglier then I thought. I had guessed that the Seanate would cook up some type of modest temporary package and the house would still balk. Did not expect the Senate fumble.
Interesting game. The working well to do, the average paycheck guys are going to get jammed, along with any poor estate planned dying rich guys, along with an another 27 million who experience the joys of the AMT. WHACK - Whack - Whack.
I am now thinking that the D&R's game of chicken is more like two enemies tossed out of a plane. Both are tied together each holding a parachute rip cord that can save them both if pulled but only on pain of losing an arm.
Hear them scream.
Now the super wealthy elite with nicely deversified holdings off shore can probably avoid the effects of any temporary tax code unwinding for the majority of their wealth is not derived from earned income and the taking of capitol gains can usually be delayed.
The poor and old will see entitlements wacked. Boom. Mostly D's take the hit.
Typical payroll stiff. Boom D's and R's
New to the AMT ranks D's & R's but a lot of blue state wealtheir D's take the hit.
Those with deeper pockets will be much better able to withstand the short term pain.
Military - Vets take the hit and defense indusstry too but most major programs will be deffered not cancled as talks continue. Most larger contractors are sitting on a lot of cash and can furlough their workers for an extended time.
Who here thinks there will be any payroll tax roll back and refund? I don't. Income tax yes but noway the government is going to refund fresh dollars taken in from the payroll joes.
Maybe ultimately if nothing is done the superwealthy take a hit but the average democratic constituent will feel the pain first.
I am betting the Dems will cave first. Will the economy nose dive, probably, will it recovery probably...eventually. Stupid, stupid game.
Best for the country probably not. Can one party win this game of chicken? I would rather not find out.