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Forget The Debt Ceiling, The Dow Just Breached 15,000 (To The Downside)
The Dow is down for the 9th day of the last 11 since the exuberant Un-Taper spike in stocks. Crucially though, it appears the government's efforts to fear-monger equity markets into forcing action by the House Republicans is working. The all-important Dow 15,000 level has been breached to the downside and represents a much more important "economic" breach than the debt ceiling to any and every talking head it would seem...
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It's bushes fault....I'm sure of it.
Fuck you Bernanke.
Oh My! It's The End OF THE WORLD AS WE KNOW IT!!!
Bernanke's Virtuous Circle may come unwound!!!!
RUN FOR YOUR LIVES!!!!
My thoughts exactly. How's this any different than when it dropped from 15650 to 14775 from August 2nd to August 27th? I like ZH for alternative news, but sometimes it has too many "the sky is falling" articles.
It seems that every time ZH publishes a "warning" about stocks falling - they immediately rally (I'm looking at you Kevin Henry).
It really doesn't matter anymore. Just time to shuffle the stocks which comprise the DOW and all will be well in the world of the .01% and their money suckling ways.
By the way, FUCK YOU BERNANKE!!!!
Ah.....the old stock shuffle trick. Should have known.
True True. It's the 5% 'market' see-saw, so the squid can continue to make money in a Zirpy environment.
In a ZIRPY World, where everything has been reduced to pushing on a string, VIX makes grist for the Mill.
Now book that trip on PCLN, pack some HBLF colon cleanse, get in your TSLA, pick up some 0% bearing cash from BofML, and explore.
It's a Brave New World, and we've only just begun.
Interesting to note that Bernanke is a clown, and "Virtuous Circle" is an anagram of "Evil Circus tour". Hmmm...
its all thought out in advance. ben said no taper to have the final blowoff. big boys are out and retail is in....therefore big down coming.
Don't worry, here comes the ny fed with some index manipulation and goldman with some bullshit negotiation rumor to clear out its long position and close the dow above 1550.
yeah, I love this "Bush is a victim" b.s. line of thinking when the Bushes profited from their high level scams at every turn.
BURN IT DOWN
@Zero Point
...and pour salt the ground where it stands
You read my mind... I honestly thought that after hitting save.
No budget deal until Dow -500 at least.
optimist.
"They" want the market to tank and rates to shoot up so they most certainly will. That's how a free market operates.
Fear in the streets = Dow down 10%.
Gotta have something to blame other than the banksters and "their" congress critters. What could possibly be better than blaming the powerless outsiders in the House?
If things get loose...they might see -5000....oops.
Bring out that bald head phuckin criminal, Hank "I'll Have Tanks In The Streets & Martial Law By Dawn If I Don't Get A Blank Taxpayer Check for Lloyd, Jamie & The Boys" Paulson.
The Road To Perdition is all downhill from here.
<Regardless of how many times it might feel like you're going uphill.>
Give us the money or we'll blow our own head off
fixed it for you
http://www.youtube.com/watch?v=AjPBp6DOwgU
Screw everyone then annihilate yourself ~ Uncle Sam Inc.
Hank Paulson was interviewed today on CNBC...yup. Now its real.
Hank Paulson: Tea party 'hijacked the debate'http://www.cnbc.com/id/101083367
Well what did people expect? With all the "bad for wall street", "Taper", "Default" Headlines being published, the Algos are going ape$hit trying to logic step through conditional statements and buy or sell.
Time to call in the algo repairman.
When will the Algo's 'become aware' of Gold and Silver ? HAL, are you listening ?
The new mantra is: "It's the shutdown's fault." That should be good for a year or two or five.
Cue the ZH reversal algos. Green by mid afternoon?
I vote yes. Then again I've been beaten so hard lately, I'd rather not play.
Synchronized with Barry's fear mongering.
Banks may have to start selling some of those 14 Million shadow inventory.
And that's before he speaks?
'Oooo look! They're scaring the repukes it's working!'
Pfffft...yea whatever, as if ALL demonrats and republiclowns aren't advised and all positioned short well ahead of time....just a puppet show.
+1000
I just know my Dow 10k hat is around here somewhere.
riding a short here, but knowing full well, congress has no backbone...markets got the bernak put, but who knows maybe this time it will be different, that's hope and change that I kling to:"markets become rational again"
that's why I hear "they are coming to take me away haha hehe..."
Maybe the banksters original plan to create pump'n'dump momo crashed and burned with the failed Syria plot, so Plan B is take it down under excuse of govt shutdown farce?
hey the DOD can print script........
Moar QE! Hurry!!!
Since we live in the Fed fantasyland may old Yellen will do $1 trillion/month to make Wall Street go nuts.
It's all about the stock market, not what's going in the real economy.
breached, bounced, breached, bounced bla.....
meanwhile the S&P keeps bouncing off the 50dma. You'd think there were robots protecting that line....
What is stopping the FED printing a Trillion a month?
Screw these scum sacks. Paulson on CNBS fearmongering. Lew spitting out crap. Obama screaming like a petulant child.
Fuck them all.
Truly. THIS is terrorism.
Fuck these guys.
Bring on noose night.
http://www.shtfplan.com/headline-news/obamacare-fines-to-be-seized-from-...
I am not in favor of the ACA...but, that comment is 100% false.
Use common sense man. The websites for the exchanges opened less than 72 hours ago and already people are claiming that they are receiving notices about penalties? How can yo read that and not have your bullshit meter explode?
Well to be fair, if you had told me 10 years ago that the FedGov could actually get something like this to pass muster with SCOTUS and with the tacit compliance of congress I would have cried "Bull shit".
Now I'm not so naive.
Yep, it's all 'bullshit' until it suddenly becomes reality.
+1 yep
..Yup
Well to be fair, if you had told me 10 years ago that the FedGov could actually get something like this to pass muster with SCOTUS and with the tacit compliance of congress I would have cried "Bull shit".
Now I'm not so naive.
The crazy part is the reality of whats coming with all this, ran by the IRS don't forget, is probably far worse than anything in this guys claim which everyone is calling 'bullshit'.
Well, seems like it could easily be verified by showing the email....it's not like some claim of Samsquamches or whatever.
Samsquamches? Timely...
http://www.telegraph.co.uk/news/picturegalleries/picturesoftheday/10348853/Pictures-of-the-day-2-October-2013.html
Bubbles Fuckin Samsquanch - YouTube
Here is why I called bullshit on that:
"7. PENALTY FOR BEING UNINSURED
The ACA requires that people who have been deemed able to purchase health insurance but decide not to buy it starting in 2014 will owe a penalty (a tax) to the IRS. Here’s what this looks like:
a) In 2014, the annual penalty will be $95 per adult and $47.50 per child, up to a family maximum of $285 or 1 percent of family income, whichever is greater.
b) In 2015, the penalty will be $325 per adult and $162.50 per child, up to a family maximum of $975 or 2 percent of family income, whichever is greater.
c) In 2016, the penalty will be $695 per adult and $347.50 per child, up to a family maximum of $2,085 or 2.5 percent of family income, whichever is greater.
The IRS collects the penalty, but the ACA stipulates that taxpayers shall not be subject to any criminal prosecution or penalty, tax liens, seizure of bank accounts or garnishment of wages for failure to pay it and no accumulation of interest on the unpaid balance. So, it appears that all the IRS can do is deduct the penalty from a refund it owes you, and if you’re not due a refund, then you’ll have an outstanding tax obligation."
Here is my source:
http://www.paulcraigroberts.org/2013/02/03/obamacare-a-primer/
which is extensively sourced with links.
In reality they'll probably send out DHS hit squads to whack non-payers.
and when you are sick the state puts a lien on your assets (if you cannot pay the bill).
The writer is describing what he is reading from the on-line legal statements...not from what he has already received in the mail. Its part of the 10000 page document that no one has fully read yet.
Please REMAIN CALM.
I think the massive point being made is that while promises are made that it is 'not illegal' that does not prevent confiscation of assets and property....its part of the constituionally supported 'law' that they can put a lien on your house or take your property or take your bank account....its not that you did anything illegal, just something the new 'law' allows them to take their money.
HAVE A NICE DAY !
Do not worry this new 'law' completely trumps the Constitution or the Magna Carta.
PLEASE REMAIN CALM.
No source for this story has ever been produced. Just some guy on his FB page.
No link to chapter and verse of the law has been produced.
So we can just opt out and there's no repurcussions....NICE!
if you dont need medical care you pay the fine, (if your tax liability is zero its no cost to you) if you do need care you go on the state program. i believe obamacare provides more money to these state programs. there were always repercussions, and that part hasn't changed, its just impossible to have a good job, a serious medical condition, and no insurance coverage.
If the note is true then this a major issue...the money will be confiscated under the 'law' like you were part of a DHS truant or drug dealer. The new 'law' if it allows confiscation, although you did not break any law, would be like 1984 or Brazil...or Matrix.
PLEASE REMAIN CALM.
that state issues your drivers license, USG has no authority there. my neighbor is 55, part of the working poor, and he just spend a couple days in hospital, which he cannot afford. now the state (medicaid) program is working with him. this is where obamacare hands the problem back to the states and they put a lien on your assets. i dont know what this persons assets are, but that may be the solution.
or live long enough to go on medicare.
Hey Ben? Its Barack....I need you to tell Kevin to cover some of that huge VIX short he has over there. Got it? Great, thanks! I owe you one!
In the end, .gov will be funded, the debt ceiling raised, and the DOW heading, once again, to 16,000. Just how it is.
Same as it ever was.
I've been told there is nothing "deeper" than whale sh*t....please read that both ways.
We are deep in it and its getting deeper every day. Buried under fiat.
There is fiat at the bottom of the ocean...
No exit, and its getting deeper daily.
I've argued the only upside to Bush printing all the debt, was to provide a lead for the next massively liberal government...they took the bait...hook, line, sinker. The whale is massive and heading lower.
Similar to the supreme court upholding ACA....let them eat cake! Now the chickens come home to roost.
Fiat.
Obama told me to be nervouse. So I am nervous.
Aren't you nervous? Obama told us to be. We should be. Because the leader told us to be.
In all seriousness, Obama makes me nervous. The clowns in DC make me nervous. The clowns on wall street make me nervous.
Vodka in my coffee makes me less nervous.
I would suggest...
vodka and decaf
Easy on the decaf, please...
PLEASE REMAIN CALM !!
That explains....
Ransquawk-News headline summary:
BATS options declared self-help against NYSE ARCA
At least it took 3 weeks to drop 700 points. I remember the fond days where it dropped even more IN ONE DAY.
Gandalf: It's the deep breath before the plunge.
Listen guys, your president Obama reminds me of our portuguese prime minister Socrates. Lied through his teeth, self-centered and spent his way into the country's insolvency. Then blamed the opposition for the boo boo.
Fiat allows that to happen on a daily basis without limit.
When powered and enabled by fiat "all roads lead to Rome" eventually...see you soon !!
China (along with the rest of the BRIC's of course) will not accept a technical default in bonds until every single ounce of gold is drained from the West, so the market is being set up as a sacrifice just as it was in '09 to hustle all the hedge funds into the bond market --while 'disappearing' alot of that 'hot money' the Fed has been pumping into the market. The big banks will merely short the market to keep profits up. In other words, no matter how things look on the surface, another huge unemployment blow is coming to the American public, but the price to the government due to rising interest rates is far, far greater for the immediate future (and what else really matters to an American politician?) than the resulting loss in tax revenues.
There are only bad choices left, kids, so we're being sold the lesser of two weevils.
+1
....correct spelling should be 'BRIIICS'
the DOD is suppressing plunge control at the moment.....
..physical is everything be it PM's, script...etc.
China is annotated cash king, for the next installment of 'global fractional reserve banking'.
Sorry, it seems I'm two BRICS short of a load... : )
Without the debt ceiling advancement, Wall Street cannot receive taxpayer slush fund monies to invest in risky gambling bets. Nothing complicated about this. As time ticks, the MSM will begin crying out, “the sky is falling routine.”
What?? You've never heard of "shorting" the market before? The banks don't really need "taxpayer" funds. That was just a ruse. The Fed will continue and even ramp up on the $80billion per month they're pumping into stocks via POMO.
HOLD!
Wake me up when we are below 8000! I am going to enjoy watching the chaos!
Where is my DOW 14,000 hat?
Far be it for me to talk above most here, but, if I may, there is a term for this moment, that not only captures these times, but all times, from here and going Forward...forever and ever.
The scientific equation is: btfd:/=FaF.
This equation is presented visually compliments of the reknowned Princeton economics department, Woodrow Wilson School/Krugman et al:
http://www.youtube.com/watch?v=CMbI7DmLCNI
and I thank you.
because, this market, and this economy, yea, this .gov/world...is just like Mr. Haleron said,
it's all just pictures in a book, it isn't real...
until it is...
(Happy early Halloween mo'fo's/zh)