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S&P 500 Breaks Below Key Technical Level; VIX Surges To 3-Month Highs
Obama said "It's Different This Time," so will the BTFD'ers come back or not?
Anxiety is certainly back as VIX has broken above 18% for the first time since June...
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BTFD = Buy The Fucking Default this time around. I'm no investor but unless I am wrong that buy is going to be in the bond market not equities for this run.
I've heard that melted cheese disables him and makes him delicious.
Without Government Cheese this "market" turns to shit pretty quickly.
Remember, Bernanke's entire exit strategy depends on his Virtuous Circle, pumped up via an epic & quite large Heisenberg-grade meth lab operation, staying open & productive.
So expect the PPT to throw every barrel of methylamine they have at "keeping the equity 'markets' " stimulated for as long as possible.
It's ALL THE BERNANK HAS, AND IT'S TIED TO THE LARGEST HEAP OF CONSUMER DEBT, SHADOW BANKING LIABILITIES, MARGIN DEBT & THE LARGEST FEDERAL RESERVE BALANCE SHEET IN HISTORY...
Until this changes, Los Hermanos Pollos stays open.
When it does change, it's El Pollo Loco TIME!
...bitchez.
Mr. Sunshine, that's seriously fucked up, yo.
Kevin Henry is The Bernank's Jesse Pinkman, yo.
Everyone remember the meeting oblama had with the bankers yesterday.......I bet he told them to tank the market to show how much harm the .GOV shutdown is doing.
We used to have Captain America...now we have Broccoli Guy; whose alter ego is a basement living, metrosexual waiter, packing a masters in Culinary History and $78,000 in school debt.
Does that then become,
Buy The Fucking Googermint Cheese Dip You Mother Fucking Dip Wads?
This is a head fake; just BTFD.
BTFBS
YTD 20% on nothing but BS and NY Fed manipulations.
Don't fret; Ben will save us.
Big Ben may have been turned off.
Isn't that what they want...a really big crash ?
It would not be inconceivable the PPT and liquidity has been shut down to allow for the animal spirits to rise and take over the market.
The market may be 'free wheeling' for a few days now.
Its different this time.
Never waste a crisis...leads to moar management later.
Ben (and his market manipulative tentacles) is temporarily disabled. It was decided yesterday by the banksters during their WH meeting.
Is this Pres. George H.W. Bush's arch nemesis?
like dogs to their vomit
or shit.
Kitty fudge for the dogs?
DaddyO
Does anyone have raised eyebrow besides me that the day after The Pres hosted the banking cartel the markets start tumbling. Don't forget O's little comment about being surprised how the markets where holding up.
Suppose all political weapons are locked and loaded.
The Dictator Wins!!!!!!!!!!!!!
"the day after The Pres hosted the banking cartel"
It's just plain astounding that we all put up with this shit and that MSM doesn't so much as blink an eye that a bunch of bankers -- most of whom are implicated in all sorts of serious wrongdoing -- get their own little meeting with the President to discuss what they want.
It's like a bunch of mob bosses meeting with the mayor, but the media say jack shit.
"We have newspaper people on the payroll, don't we, Tom?" —Michael Corleone
"If you mention extortion again, Ill have your legs broken"
PLEASE REMAIN CALM !!! (resistance is futile)
"discuss what they want" ?
or
lay down their demands?
they donT ask for favors ... they demand them. This little meeting was to make sure Obama doesnT gaff off.
The bankers have sold their stocks to the sheep and are now going to jump into treasuries to keep yields low per Ben's orders. Once the stock market tanks, they will by stocks on the cheap and run the S&P to 1800+. They have instructed Obama to drag this fight on as long as possible until their plan comes to fruition.
They are owned by the bankers.
It's all part of the plan.
Only the details change.
Fun to watch though!
No I agree with you. I think he was calling in a favor..I mean we are talking about a guy who set up barricades around monuments and sites solely to create a Potemkin Village shutdown. Barricades have never been set up during a shutdown...he had more security on the grounds of the monuments than we had at Benghazi. It is all a charade. He even tried to barricade Mount Vernon..which is private lol
Oooga booga the markets down, blame GOP, propaganda media runs cover. They should be careful though...markets can get away from control and that would be ballgame. Best part if we get to hear how this "shutdown" is the need for more QE and an excuse for all shitty economic data for the next 6 months.
We all know the script here at this point.
So you knew this was going to happen? Smart guy!
Once upon a time Oblameo correctly said it was a good time to buy stocks, so ....SELL THE FUCKIN DIP !
Looks to me like the dems want the maket to go down to add pressure on the Reps.....they can now say - look at what you are doing......not sure that will have any effect......I wonder how the Fed is positioned - still buying bonds or helping out the dems?
especially if the Red team is positioned short. Free money.
Obummer says buy..you buy..Obummer says it's time to sell...it's probably a pretty good time to sell. Wallstreet obviously has his back, the 1% take down is too controlled.
Or he has their backs, or...
or they have Obummer by the hips and no reach around...
DaddyO
Wake me up when ES and Dow are off 3-4% in one session. I'm spoiled by the Nikkei...
The DOW in 2013 appears to have a triple-top formation, no ?
The S&P almost has a triple-top in 2013.
All elevators down !
Whos joined me the TVIX jacuzzi of awesomeness
Wearing my MZZ, and QID strapped on for protection.
Do you know how much I hate hearing about "key technical levels"? Follow technicals too closely and you will lose. Both money and your sanity. How many technical levels did we breach on the way up, over and over and over again?
"This is a key technical level. If we drop below this point, we will drop a whole bunch further. There is no bottom to this thing." And then we breach it, and turn right around and go shooting right back up again.
Only technical you need to know- there's a crapload of hot, freshly printed money out there looking for a home.
Can't you just feel the HFT headline scanning algos lining up for that first bone that will cause a 300pt reversal? Something along the line of "Boehner confident common ground is achievable"...all it will take and we are off to the races...
FUCK YOU OBAMA. YOU IMMATURE FUCK WIT!! SUCK MY DICK!!!!!!! Oh wait . . . .
"BTFD-WAV".
Buy the Fucking Dip - With a Vengeance.
Buyers will come @ 1650 but no new high after that. Then is all downhill. If buyers don't show up @ 1650 we could see an algo driven collapse.
The plunger probe team might have been furloughed!
Or the printing press left idle.
I can't wait to see the suckers get fucked.
Or the fuckers get sucked,-
- down the drain.
Technically, it's another higher low on that chart and makes sense to BTD really.
Keep calm
And
Short
S&p 500
I am also trying MZZ and QID...for a while while it feels good.
You can't help but wonder if the cospiracies are true........
This mini - demolition is as controlled as ever. Can you imagine the VIX when all hell breaks loose?
easy money. btfd.
http://www.safehaven.com/article/31295/ready-for-qe-five-its-already-here
Ready for QE Five? - It's Already Here
The sad truth is that the primary function of the Fed and Treasury has now become the sustention and expansion of disastrous asset bubbles. In fact, while Mr. Bernanke officially acknowledges QEs one through three, the truth is he has embarked on QE V. What's QE five all about? Putting a lid on U.S. Treasury yields.
The reason for this is our anemic economic recovery has been predicated upon artificially boosting consumption, which is 70% of US GDP. That consumption is, in turn, predicated on borrowing; because we don't have any real income growth on the part of the consumer. The borrowing has been predicated on government's ability to build upon the asset bubbles in stocks, bonds and real estate. And the creator of all these bubbles is our central bank, which is the progenitor of this deadly-addictive cycle. The Fed does this by providing ultra-low interest rates and through the massive monetization of government debt.
To prove we have learned nothing from the previous Great Recession; we now have a situation where the FHA will most likely need a $1 billion bailout for the first time in its 79 year history. But why do taxpayers have to bail out the FHA, which provides insurance to lenders such as banks and other financial institutions? The reason is because our government has once again compelled lenders to make loans with next to nothing for a down payment, to individuals who can not afford to purchase a home--doesn't this all sound chillingly familiar? Therefore, we have subjected ourselves to yet another bubble in housing, where home prices are once again rising at double-digit rates and marginal home owners are just a few points higher in interest rates from foreclosure.
It's not just house prices which are in back in a bubble. Stock prices are also growing at double-digit annual rates. These double-digit gains in stocks are taking place in an environment of little earnings and revenue growth. Meanwhile, Treasury bonds offer only half of their average yields going back over 40 years. So, for the first time in our lives we have three bubbles that exist together -- equities, bonds and real estate. But the real catastrophe this time is that these bubbles will become exponentially larger than previous episodes. Therefore, when they burst the devastation will be many times worse.
Looks like the dollar is breaking down too.
All this fuss about the DOW and S&P which has very little impact on the average guy on the street, meanwhile, the USD has been getting monkey-hammered ever since China started buying oil in Yaun not dollars. That story seems to be getting very little attention, and the value of the USD has far more impact on the average person than the stock market does.
Oh well....
$85 Billion X 2 = $170 Billion per month FED QE4 no-taper save Wall Street Titanic full-steam.
"Turning Japanese, I think I'm turning Japanese, I really think so."
Yes markets will indeed turn these days.
Could well be that today we saw the lows for the rest of the year - with the SnP finally even above 1800. If not today the lows then within the next 3 trading days.
DYOD.
Yesterdays lows held.
Two trading days left until the bulls should again be in the drivers seat.