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S&P 1666
Whoever orchestrated the last two hour closing ramp sure has a satanic sense of humor, opting to close the S&P at 1666 or exactly 1000 points above the "generational" low. A late-day desperation to buy-buy-buy, triggered by an avalanche of stops being triggered in the DAX futures market (as it broke all time highs), sent stocks soaring. Treasuries had been weak all day (giving back yesterday's gains and more). The equity spurt was not accompanied by VIX or Credit or Oil or Copper but JPY's break of 103 was another trigger supporting the rise. But that doesn't matter. The release of weak IP and in-line CPI data on Wednesday seemed to trigger the 'change' as gold and silver diverged lower from copper and oil's surge, Treasuries rallied, and stocks and the USD surged thereafter. WTI crude ends the week unchanged (against a USD gain of 1.37%) with PMs down 6-7%. Volume was light today but that doesn't matter either.
It's been quite a ride...
And everything enjoyed that last hour or so...
Financials smashed everyone else this week...
and JPM was the winner...
But financial stocks are now well ahead of financial credit...
Interestingly today did not see the 'most shorted' names get monkey-hammered instead just tracking higher in price with the market - it was Wednesday where the monkey-hammering occurred...
So what happened on Wednesday?
VIX didn't like that late-day ramp at all..
Credit remains unimpressed...
Which, if we were gambling men, would suggest buying 3x HYG vs selling 1x SPY to take advantage of what is now a 6-sigma separation...
This was - perhaps surprisingly - the worst weekly drop in gold since Dec 2011 (worse than the crash week because we bounced so hard)... Gold closed -6.3%, Silver -7%.
And conveiently reminding us all that the markets are nothing but manipulated playing fields where roided up Barry Bonds hit homerun after homerun, and where central banks and algorithms toy with each other, one short second before the close, Anadarko traded from $90 to $0 in 50 milliseconds going from a $45 billion market cap company to $0. That's a rate of $1 billion per millisecond and $1 trillion per second: just an advance notice. Charts from Nanex:
Still think you will be able to hit bids when the time to sell comes?
But "it doesn't matter..."
Charts: Bloomberg and Capital Context
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obv troll is obv
S&P 1666 hahahahaaa lol
DAX futures ramp was not the cause (it was the effect).
SPX ramp was ignited by an algo at 2 pm; DAX futures snap was triggered later (closer to 3 pm).
ABX gold CEO says all-in costs anywhere form 1300 to 1500 - I dont mind buying what they are losing ot extract. Fed manipulation is killing future gold supply which is good for gold (not so much miners)
http://seekingalpha.com/article/1439831-the-future-for-gold-supply-looks-grim-an-opportunity-for-gold-investors
Gold is overvalued.
"paper gold is overvalued" - fixed.
That's my financial advisor logging time at the blackjack table and the odds are rarely with him.
"Whoever orchestrated the last two hour closing ramp sure has a satanic sense of humor"
~~~
Whoever?... WHOEVER???
But I thought it was the unwavering conclusion [by the sophisticated' commentators on this site] that there are no 'persons' involved in manipulations... That if... 'Manipulations do, indeed, occur, then they are solely the responsibility of faceless, & Godless limestone edifices, [quarried from Indiana Limestone], that do things, BY MIRACLE on their own...
"Satanic" [sense of humor]?... Well ~ I'm pretty stupid, but with that comment I can only, REASONABLY, connect dots to "Luciferians"... Let's examine the "Luciferian" angle, shall we?
~~~
On the 'TRUTH' path [francis_sawyer trying to live up to the ZH Manifesto, on its birthday, published HERE, 4 years ago today]...
http://www.zerohedge.com/about
Anyway... In pursuit of that truth... Yesterday I made a comment to SMG [about 'THIS 'ERS & 'THAT'ERS ~ as is, it's NOT this, it's THAT]...
Seems to me I remember him always going on about 'Luciferians'... OK ~ Let's take that one out for a spin...
I'm no legal genius, but I'm seriously doubting that there's anything in Swiss Law that can get you sued for talking about 'Luciferians'... I mean, WTF?... Is 'discrimination' against 'Luciferians' a crime in Switzerland?... Are they actually a 'race'... 'Religion' I'll leave aside, & besides, I've always said IT.HAS.NOTHING.TO.DO.WITH.RELIGION.
Anyway ~ The only logical thing to conclude in this matter is that 'some [PLURAL] entity' is being protected... Following that path... If 'Luciferians' aren't the ones being protected, or, just for shits & grins, say, "Syrians", [& I'll just bundle up the 'Syrians' with that, because, if anything, it's 24/7 open season on 'Syrians' who nobody seems to give a FF about save for which bombs to torpedo them with]...
So, if SMG's efforts to shine the spotlight on "Luciferian's" is flawed... Then there are only two possible conclusions:
1. He's FOS
2. He's 'correct'... But if he is, how do you skate around the unlikelihood that anybody would ever win a court case that accused someone of 'discriminating' against 'Luciferians'? [there would be no need to post 'anti-discrimination' clauses on your webpage]... So while the 'Luciferian' ANGLE may still hold water, it can only mean that if the 'Luciferians' are behind anything, & if it's not a defense for THEMSELVES [which would seem an absurd court case, to ME anyway], then INSTEAD, they're [assuming it's THEM] acting on behalf of a special entity which is near & dear to their hearts... Now ~ when you consider that prospect, it is almost MORE frightful than considering the simpler idea of the 'special entity' acting by themselves [&/or how any particulat 'special entity' at large may or may not have behaved in recorded history]...
But I'm a classless handicapper of things, so I'll wait for a more reasonable explanation from the corps of experts out there that frequent this blog...
It's all so confusing [to some]...
~~~END TEXT~~~
SMG?... kito?... Las Vegas Dave?... Thisson?... 'Beuller'?
Thisson cant answer that coz hes a gutless pu55y who tried to get my ass banned from ZH. He is also a big fuckin dumba55.
I think I voted for you.
Paper gold is worthless.
We are nearing a final buy phase for physical gold before they shut the door. gl to those accumulating physical....they gave us a gift.
I would like to know what happened in those vaults today.
I hope that is not an excerpt from an old Barney Frank inquisition...
Gold is overvalued.
Of course it is. That's why everyone is getting rid of theirs and the dealers are knocking down walls to make room for all the surplus inventory they have. Pretty soon Comex is going to have to lease space in the new Freedom Tower to make room for the truckloads of bullion being piled up on their doorstep like abandoned babies.
When one considers the actual physical movement of gold bullion, the reddest of red flags out there is the "gold is overvalued" meme.
I can't wait to get silver for $5 bucks again. Probably cost around ten cents to dig it out of the ground then.
And don't forget, the shit is everywhere!
Apply dry powder as needed. Am not kidding that this opportunity to purchase at lower rates is a boat accident in the making.
Go ahead trolls, junk away.
http://www.youtube.com/watch?v=NAKZwwhVZxM
Also
1666.11/666.20== 2.5009
wheres the friday afternoon humour for chrissakes?
I think we just saw it...the big jokes on us.
Well, at least now we know who runs Bartertown. . .
1.666 - 666 = 1000
It's S&R 5000, not S&P 500. We're rich. All of us!
Went short in the last minute. Bad shit this weekend.
I tip my hat to you sir. You are braver than I.
He said the exact same thing last Friday.
got balls slaughterer....but chances are your shorts will get slaughtered again next week.
Very large golden ones, methinks.
There was bad shit last weekend (Hilsenrath) but there will be MOAR WORSE shit this weekend.
I closed out last weeks shorts already early this week for profit. I am happy with my re-entry at 3:59 today.
Small POMO on Monday, and some markets closed, but I will close the short before Turbo Tuesday for sure, if that seems required (it might not be required depending on the market reaction to the "bad shit")
Better to go short EOD Tuesday imo.
10 billion in POMO from Monday - Thursday next week. Sounds early my friend.
Way early.
http://blog.quantsig.net/2013/05/17/sp-8/
But bad shit is as good or gooder then good shit unless you mean double secret reverse bad shit-please clarify.
check out the flash crash in APC!
ABC NEWS bitch Diane will be dripping wet that 401ks are making so much money
But not how much since 2000. Gawd I cant stand her
Over and out
Any one else regret not floating with this boat?
Don't be too jealous of the perma bulls. The problem with a permanent BTFD mentality is when it rolls over - they will give up their profits on the first major drop and continue to buy in or hold expecting only a minor pullback. The market has murdered the shorts and Ben may be forced to taper sooner rather than later - who's left to steal from?
Yep, who is really left to steal from? This is all just marching in place maintaining a smokescreen.
I wouldn't say regret but kicking myself pretty good for selling a good bull position way too early.
Selling a bull position too early? As opposed to too late? I would celebrate your restraint, to be honest.
Just ask the Toronto Maple Leafs - the only score that matters is the final one.
That was a killer game even though we lost horribly...Boston 2 goals down and then ties it in the last 2 min of the 3rd for sudden death overtime.
Not to rub habanero sauce on the laceration, but Boston was down 3 goals, not 2. Think of it as Toronto's Bill Buckner moment. Only took 18 years for Boston to make up for that one.
Yes yes I meant they scored the final two goals in the last 2 mins...should have elaborated.
What was your old handle here Thunder? I think I already know, but thought I would ask you anyway.
Happy 3rd BoP.
Boat? It's Noah's Arc on it's way to the Bermuda Triangle.
Smartest guys in the room lacking the sense to grab hold with both hands. Perhaps it is better to be lucky than smart? AKA, don't fight the fed when they are inviting you along for the ride...
Isn't there some magic symmetry in this number?
1.666,11
(I said it yesterday - this might be it)
But will not
cause ben is still printing 85 rolls of toilet paper every month
We have to fall 999 points to get back to where this rally started.
Just for giggles the Great Fire of The City of London was 9/2/1666.
BLOW OFF TOP BITCHEZ!!!
I'm going short. Wish me luck.
Good luck!
I'm with you. Good luck.
LOL look at more people line up to short. Unreal!
I don't believe any of them actually short...also the 'market short' that keeps getting stopped out facials to lift all markets is just the Fed itself.
If you are going to go short...buy fuckin Way OTM put options....dont fuckin short the stock or indices.
My guess is the blowoff top makes today look like a selloff. Dow up 500pts into the close or some crazy shit.
I thought all the equity shorts were with the bond vigilantes at the bottom of the Mariana Trench?
You're crazy for shorting a fake market. I'll say it again , when it comes time to short this thing , it will not be there to short.
Of course it's fake, but they're well overdue to engineer a fake correction.
Not sure about that. The intent here is to scare everyone into the securities that are levitating on a sea of counterfeit currency and make real assets appear unattractive. The remorse anyone feels is exactly what they want you to feel. They want you to quit on your strategy. You are being attacked and there are posters right in the midst here at ZH who are part of their army. Do not be deceived. One of the ways you know you have strength is that those who would oppose you will call out exactly what you believe in (thus, the unrelenting, coordinated media assault on gold for the past 24 months). That's no coincidents, amigos.
Like many of you, my Yahtzee scorecard would be a lot higher if I had a bigger stake in equities. But my strategy has not and will not change from this propagation of lies.
+1
A few sticking points tho..
Most here are clever enough to grasp the "don't fight the fed" meme, and yet most here have done just that. myself included, and were all poorer because of it.
The only common sence strategy is, stay the fuck out of or go long the markets, or stack phys. the poster robot trader used to say this repeatedly, (don't fight the fed) and got laughed off these boards, and guess what, he was right. I'm just saying, we missed the biggest rally this planet will EVER see, even though it's fake, manipulated, and criminal, I could have been mortage(s) free, but my strategy got in the way..
So we'll all wait for the inevitable, and i guaranfuckintee, when this shit explodes, just like "contained" subprime, none of the usual culpable cocksuckers will be blamed..
He shorted it with a fake currency, USD, so it all equalizes out...
100% withdrawn I will not give the criminals any fodder neither should anyone else.
Been there, done that...barely escaped with my nut sack
Me too and not going back. Ass still hurting, aie, aie, aie... Me not enjoyed... I will come into this market after and only if there is a crash.
Gold and silver enough emotion already those days.... Fortunately short yen smoothens things a bit.
I took a bite short into the close as well. I called 1666 as a top to my friends awhile ago so I have to put my money where my mouth is.
me three
will cover late Monday
I congratulate your balls.
Watch that Yen. It's funny now that I think about it. Kyle Bass says the yen is toast and he also said the plan for the U.S is to kill the dollar. How does both happen?
fiat dies
I don't see any other answer than that.
IMF/BIS cooking something with Benny and the Jets (fellow CB inksters), stay tuned.
Friday, after US close. Time to tune in.
My thoughts as well.
Just goes to show that if you want this market to move to the moon you have to begin questioning the AG and President about serious crimes.
Eggzacly...takes heat off Chairsatan to end this madness.
well, according to cnbc, europ is bottoming, and the u.s is leading the way.
jobs reports, unemployment numbers, ism data, philly fed, housing, factory orders, etc say something else.
what a perfect close. today is the anniversary of the opening of the NSYE so only fitting.
its comical listening on cnbc to them talk about how fundementals matter somewhat, i can stop myself from laughing.
its fucking may 17th and we have NOT had ONE back to back losing streak so far.
i believe since feb 25th, we have had 3 red days. its become too funny to get upset.
just sit back and enjoy the ride up, because the ride down will be so much more exciting the more this goes up. its not worth getting stressed about, we all know its a huge bubble and in a year from today, i would not be surprised if the s&p was at 600.
lets just sit back and relax and enjoy the show, because this is something historic, something you can tell ur kids, grandkids, etc about 1 day. it will end in horror for those involved, but i assume the majority of people on zerohedge are not invested in this ponzi scheme.
also, gold keeps getting whacked. perfect opportunity to buy on the dip, because this will be over 3000 in the near future. not today, not next week, not 2 weeks, but with all the free money around the globe, its not a matter of if, but when
People have been saying that for the last three years. I regret it like the guy above. Why speak in absolutes. If you were smart, you would have ridden the market up to this frenzy level and then sold. It's not an either or. I unfortunately did not know how powerful money printing is. We see it for a second time wiith Japan market, at a much faster pace than the us market printing. should have ridden it up, sold and bought gold. I blew it, though i did buy a million or so in real estate during the last three years. Trying to sell one property right now
PM's absolutely MONKEYHAMMERED!! FUCK!
Back up the truck!
Sheep hang in there. THhis may just be the begiinning. Just keep following the rats to higher ground while while everyone else stampede's the other way.
Meh....
I hear you.
If the cocksuckers push Silver down to $0 per oz, can it still be bought?
Now that is a good question.
It's hard to buy right now.
Hey Sheep: don't lose any wool over it....think longer term and laugh-off this retard behavior. Save your fiat to simply purchase alcohol that you'd drink yourself. Worst case scenario is that your set for 5pm for the next ten years. Best case: You'll make some coin when people get thirsty after Amurcan Idiot goes offthe air for good!
Silicone based life forms have taken control.
.
Sentient breast implants? I'm scared.
FUCK YOU Bernanke!
What day the POMO money goes into stocks??? The operation date or the settlement date??? If anyone knows I'd really appreciate you telling me. How signifgant do you see next week's POMO being in the overall market.
Also, as meaningless as it may be, market predictions for next week and why?
Um, face ripping melt-ups due to more all-time worst news?
Sounds about right given recent history.
ok, so it appears that the money from POMO operations becomes available for stock market injections on the "SETTLEMENT DATE". That is according to this link:
http://marketshadows.com/2013/03/13/how-to-trade-pomo-manipulation/
If that is is true than today's $5 billion will be available Monday? If anyone knows differently, please let me know. - Thanks!
http://news.sharpspixley.com/article/gold-silver;-deja-vu/163511/
silver right at 22.05. yeow, 19 next ledge.
gold well 1325 b/4 parchute time.
Too good TOO FREAKING GOOD! Some guy on these forums called this yesterday The antichrist is here and we will all soon bear witness Apollyon from the pit REPENT REPENT REPENT
Apolyon, and Yahweh, and Jesus, can all go fuck themselves.
Yea thats right, Ive got no time for absentee Messiahs and whatnot....show up, or fuck off.
Yeah, tits or gtfo. +1.
It is all of us that will need to band together to defeat this shit, not some messiah. God helps those who help themselves.
The masses need to show up...
.
then we have a chance...against them.
Exactly. I don't want to be THE ONE to save us all, because that means I believe I know what is good for everyone else, exactly the problem we are facing with the current fuckfaces (and they are verifiably sociopathic). I definitely want to be a part of the solution though. The key is recognizing you want to be a part of a discussion, not decided autocratically what is best for everyone.
Although, if I did have to decide, I would declare a jubilee.
I didn't downvote, but just pointing out that putting our faith in men, money, and power is what got us here.
But Lloyd Blankfein said the Goldman Sachs does God's Work™. I'm so confused.
Oh, how I sometimes wish I got involved with this casino back in 2010, when it appeared all but certain that the idea was to blow this sucker sky-high.
Then, I remember, I'm not into gambling. Not even on a "sure" thing.
S&P 1666, bitchez!
At least we know whos in charge here; "The love of money" and all....
Have no interest in shorting this market. Must admit, gold, silver and miners just a wreck for now. Got my long term stash but taking a big hit short term.
Just cannot get myself to buy generic stocks. And yes, I missed this BIG rally. All of it.
Must keep 401K brigades placated, until the day their faces get ripped off.
if your going to short this market at least get fucked b/4 you knaw off your arm...
Friday the 24th and Monday the 27th are the last two days this month that don't have POMO. Thursday the 23rd is a pretty big POMO day, so going short into the close there, and getting out towards the close on Monday the 27th isn't a terrible idea.
Then you have to deal with the "end of the month" crowd.
My question is "is it the date of the POMO operation" or the "settlement date, the following business day" which most influences the stock market? From what I can gather, the primary dealers receive the actual cash from the POMO on the settlement date. I can not get a clear answer on this question. It seems knonwing this is vital to using POMO as a primary input to short term market entry/exit. If you know or can find out, please let me/us know. - Thanks
My question is "is it the date of the POMO operation" or the "settlement date, the following business day" which most influences the stock market? From what I can gather, the primary dealers receive the actual cash from the POMO on the settlement date. I can not get a clear answer on this question. It seems knonwing this is vital to using POMO as a primary input to short term market entry/exit. If you know or can find out, please let me/us know. - Thanks
They don't even try to hide the manipulation anymore. They are getting real cocky and shoving it in our face.
We all know this will end badly, but will it matter? I fully expect the markets to open down 7% one day and lose another 15% the next day. But that would just set bulls back to where they were a few months ago. This has to be the most absurd blow off raly in history. In 1999 people kind of knew the internet would change our lives. In 2006 everybody thought real estate couldn't fall. But here where are and things are worse than anybody could have ever predicted. A depression and things are at all time highs? Makes no sense...
Conditions were similar in the great depression crash too, almost to a T....crash then a few year rise to all-time highs, all fully leveraged of course, then 1 day it all came down and we were mired in world war. Same thing coming again soon.
I used to think that same pattern would play out. Thought we would rally 50% and then fall again. Here we are up 150%.
YUP..
EnCt24dd9c696bc96aad25485526c87c3d197615188ff4dd9c696bc96aad25485526claR9JMWhuAE
tPsqRllGU6lTCvESFW6AoBw6k+jXpkRntk+npka4x8Mj1xii7EffgVF6Ub+C5qc6H8upRUMyyrAXQ7h5
z10kDtvKia5alpLjRuoh7ixshA0u6RFfBWEVHf+3TH6mdx+coog==IwEmS
For those who aren't in the know, this is the secret code that lets you cut in at the head of the line for entry into FEMA camps.
Sadly for you, that was read by many. You just don’t know what it says. Too bad…
Nice password, thanks. (Maybe a SHODAN found water + pump filter location login? Or a Trip Table?)
Way out of my league.
Serious question....I have been asking myself one (actually two) questions over and over for some time and perhaps someone here, preferably a Spaniard or Greek citizen, could clarify something: how are your cities not smoldering ruins with youth unemployment well above 50% and regular unemployment above 25% in both countries? Is there a social safety net still providing for people who realisitically should be resorting to canibalism by now? How would the US look with 27% unemployment and 60% youth unemployment? Thoughts?
Spanish youth are getting 1,250/mo from Gov...moved back home, sold the Bimmer, but enough to go clubbing (dance not beat-down..!!)
My guess is a lot of those unemployed are doing something off the books.
Dumpster diving and cash economy? Begging? Restaurants, tourism sector, and construction seem like a good place to start.
Ah, there finally came that late big pomo day pump that rewarded those not too late to the party momo chasers with an annualized rate of return 1015% Free money courtesy quad b and the global banking syndicate. Teach us bitchez to fight the fed.
I'll have a good weekend thanks to JPY over the last 2 days.
I think S&P 2000 by Memorial day!
Everyone knows that profits aren't booked until you sell right?
Did somebody mention profits!?!?!?! BUY!! BUY!! BUY!!!
Well if that isn't a great big "fuck you" I don't know what is.
Hail Satan!
Fuck him too.
Even the silver bears are going, "Hey, whoa now. Silver is way oversold. Are you people crazy?"
Salaries are paid in loans on equity....
Something to think about.
C'mon you Satanic bastards, the Discordians would have had it up to 1723 by now. (Or down to 523?)
(edit: spelling)
Did someone say satanic?
so you're one of "them", just not as rich.
That's rich...
The higher you climb the more you can fall.
The whole 666 - 1666 thing is too coincidental.. could be a bear trap.
Here's another coincidence.
http://www.usatoday.com/search/pope/
I don't care who you are, that thar is funny.
666 entries found for 'Pope'
Means were going to war, someone important just made it rain in the strip club we call wall street and exited stage door left.
Every war is a bankers war
This isn't the top. They're just fucking with you guys trying to time the blowoff. Satanic fucks are reading ZH laughing right now.
There will be no top. Keep going up all the way to hyperinflation.
This pump has propelled the Spanish dogshit IBEX market up 65 points since it closed...the levels in Europe are just totally insane, at least you can argue the point that the US is growing to some degree, but Spain, Italy, France, Holland, are not, but they are dragged up by computer algos everyday geared to the S&P & Dow to now ludicrous levels.
What the fuck is up with gasoline prices in the last week?
Chicago refinery maintenance, should be done by july or so.