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White House Was Not "Expecting A Stock Rebound" This Morning, "They Were Bracing For A Negative Market Reaction"
When asked by Tom Keene about the "modest recovery" in stocks earlier this morning (which as of this post are unchanged), Bloomberg TV's Julianna Goldman responds quite simply: "that's not what White House officials were expecting or necessarily wanting this morning. They were all bracing for some negative market reaction that's going to be the fire that's alight under everyone."
From Bloomberg TV's "White House Expects Market Panic to Spark Deal":
In other words, just like two weeks ago when Obama told CNBC that Wall Street "should be concerned", the president is hoping to preempt a market crash which in his opinion is the most immediate catalyst for a deal. Sadly, Obama has once again forgotten that the White House hasn't been responsible for what the market (or the economy) does since 2009, and the only man, and shortly woman, in charge of the US economy, or rather the Russell 2000, resides in the Marriner Eccles building. And so far, Bernanke has given the all clear to buy everything, no matter what. After all, any drop will only lead to even more QE!
As to whether this lack of a "lit fire" removes any impetus on the side of the republicans to act, well yes. So with just over two days to go until October 17, Bernanke is now actively engaging in a policy that outright counters what Obama is trying to accomplish: perhaps the White House should also work on its forward guidance language?
The question is not whether Boehner will blink regardless, but how soon.
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So Obama really is trying to crash the markets.....
Even the puppet-in-chief is baffled by the ever-rising equities markets.
Hah ha ha ha
Buncha fucktards
They think they can manipulate anything and everything
What we get when leadership thinks talking without actions makes the world go round.
I think Berstank is just trying to show the Shiitard Usurper and his Wookie who's really in charge.
Obama - and the rest of us - should have only expected a big drop if Chuck Schumer called the turn on a weekday. As it was, his "omg Prez, can i haz xtenshun? markt suks BZALLZ" soundbite dropped on a Saturday, when the Onerous-able senator would likely be sitting on his Eggs.
Those who follow NYC politics know that Chuck Schumer is one of the few politicos to give speeches and press conferences on Sunday. Why? Because, why not, Chuck?
Ergo, the man selects his days with a certain - qu'est-ce qu'on dit - discrimination.
+1 for Wookie but personally I lean Klingon
Julianna walks into a bar, the bartender asks
why the long face?
Ohhhhh Bammer, your gonna have to do better then this partner, THIS is what happens when moral hazard dies and govt BS replaces it!
Everyone already is conditioned to know that big daddy will save them in the end, that movie script has been played out a dozen times now since 08!
Get to work Mr. Schumer, your gonna have to scare up some REAL demons and hurt some REAL people, for the fear to come back now!!!
Maybe its because everyone knows there will be a deal Bammer? This shit isn't fooling anyone anymore.
I believe the correct phrase is "it's already priced in".
Ju got owned obama!
Just let O speak without the TOTUS plugged in
Yes, and the Fed isn't trying thanks to the no-taper message. This tells you who is really in control.
If he really wants his way, he should just shut down the EBT system nationwide for a good 2 days this time.
Finally, the DHS will get to put its supply of hollow points and armored vehicles to use.
That's always been the Grand COG plan. More Beta Testing. Aurora, Sandy Hook, Boston & beta testing Marshall Law. Now this.
Brace yourselves.
martial
Brace yourself, brawwwk, martial law, brawwwk, FEMA camps, brawwk, New World Order, brawwk. The "end is nigh" parrots of ZH....
what??? with the FED behind the "market"?
idiot politicians
Diversification into hard assets and even overseas assets are among the few ways to protect our selves from the Obamanation.
There is no president worse than Obama.
And Valerie Jarrett is his prophet.
I would gladly have Carter back over this this petty.malicious sociopath.
At least Carter was just a bumbling fool.I think his intentions were good.
Yes, me too. Carter did a couple of good things (gave the canal back to Panama and the Egypt-Israel peace treaty).
DoChen, all?.
Since it appears Adolph is trying to crash the system, any refelctions of percentage of wealth in Au?.At this point it seems that 5-10% is asking for a 90% loss.
Even diversification into overseas assets aint easy anymore.
You need to start with the G21 and move down. G1-G20 all signed off on the bail-in program whereby your cash is their cash.
My name is Warren, and I approve of this administration.
BRK.B up 30.9% YOY
When this all comes crashing down, don't forget to blame the fascist puppeteers.
Need one of Jay "Bagdahd Bob" Carney too ;-)
Beltway Jay. I wonder what he's being paid and if it is worth it to know that everybody who makes an effort to think for themselves knows he's completely full of shit, just like his boss.
I have enough 3/16 steel to make several blades for guillotines. I would need a bit more for the frames. If somebody would donate the extra steel and several axles and trailer hitches, I could build several that you could hook up to the back of a vehicle and go on a grand tour of the US.
Tool steel I hope.Got to make sure a dull edge still works.
Might take a couple of drops to sever.
Would'nt want it too sharp now would we ?
Not tool steel. The dull edge is the preferred route. If they wear out, we can always put the rest into a zoo. "Here's a few months of food and some seeds. Good luck! Oh, and be sure to put on a show for the spectators."
The neo-feudalistic test run is showing promising signs.
Fuckin' Hell.
All this unreality is making my depersonalization disorder act up.
Doing wonders for my Tourette's too...
FUCK!!!!
If the W/H want's a negative reaction just throw a taper rumour out there. lying fucks!
Bankers have gone rogue!
Profits over politics???
Quick, alert the regulators!
Wait, nevermind................
What this? Productive people/states realizing that the Federal Government is actually a lying theif that they can do without? For many, it's nice not to have so many hurdles to actually doing business, imagine that.
< shocker >
I'm still waiting to feel all of the horrid effects from sequestration.
Well, I think I know the answer but what sort of way is this to run a country?
Pathetic fuckwits.
DavidC
Maybe Pwesident Obanga could fake a heart attack, that would create some real excitement on the floor.
Besides, I was not aware the government was the guarantor of my happy retirement.
Boner's going to fold, which will be the impetus for a third party/independent candidates for Elections 2014 and 2016; most of whom will be defeated by the red pill/blue pill voters desperate to maintain their delusions.
This tragicomedy won't end until there are a whole lot of dead people, unfortunately (though I can think of some who deserve it).
Don't you love it when the truth accidentally comes out? They'll be stymied when the Chinese dump our debt, and the DOW still climbs.
Those Algo computers are going to burn themselves out at this rate.
Not what the White House was expecting: they were short?
I hope every Blueie is short the market.
LOL
Barry trying to engineer a market crash for partisan gain.
Wouldn't expect anything less
Obama is not thinking things throught. There is no need to defund Obamacare now that it is failing all on its own. The RINOs can fold now and the whole thing will be forgotten in a day.
But Obama and the Demotards OWN Obamacare now. And no one can sign up for it or even afford it. And that fiasco is not going away. NEVER INTERFERE WITH YOUR ENEMY WHEN HE IS MAKING A MISTAKE.
A stock rebound?.... From a couple days off all time highs? WTF, "The Market" is programed to go up. Five years straight up, you don't need no fucking rebound when you go up for five years... Moar crack is all these crackheads need.
They will still blame the other team and MSM will make a vast majority of LIV's believe that it was the other teams fault.
At some in our Progressive future we will learn that since not one single "R" voted for ObamaCare they cause all of problems people are having signing up. And all of the same MSM Progressive talking heads will tell you that it is so.
We are living in bad time.
The conservatives have been plunging headlong into a losing battle but one that needed to be fought. Our media is resistant to exposing any of the progressive nakedness that is apparent to just about anyone with their eyes open and their mind awake. Conservatives have made such a noise and exposed themselves to so much scrutiny by their own party that the media cannot resist. They have been following what appears to them as self immolation by conservatives which is likely true, but think about it. Why do people set themselves on fire in public typically? It is to draw attention to their cause. Despite Obama and his media minions best attempts to cover this shit up, they can't resist it. They think conservatives are self destructing and they can't help but get in on the fun, but it is exposing them for what they are. This shit has gone way to far for simply political maneuvering to work, someone HAS to light a fire!
Yes, history shows that all revolutions begin with a spark, and we are getting very close to that ignition point. With all the dry tinder laying around, once the spark is done, I think TPTB will be surprised how fast the flames turn into a runaway wild fire. Funny thing about wild fires... they are very unpredictable and often end up burning those that are sent to stop them. They are also indiscriminant, like a tornado. They will burn not only everything in their path, but will also pass over one structure, while everything else is consumed. No one is safe. Plan accordingly.
They think conservatives are self destructing and they can't help but get in on the fun, but it is exposing them for what they are.
It's worse than you think. I was scouting around for Ted Cruz news and found this:
Ted Cruz, Dominionism and Jesus
“This cult of masculinity, with its glorification of violence, is appealing to the powerless. It stokes the anger of many Americans, mostly white and economically disadvantaged, and encourages them to lash back at those who, they are told, seek to destroy them. The paranoia about the outside world is fostered by bizarre conspiracy theories, many of which are prominent in the rhetoric of those leading the government shutdown. Believers, especially now, are called to a perpetual state of war with the “secular humanist” state. The march, they believe, is irreversible. Global war, even nuclear war, is the joyful harbinger of the Second Coming. And leading the avenging armies is an angry, violent Messiah who dooms billions of apostates to death.”
http://jonathanturley.org/2013/10/12/ted-cruz-dominionism-and-jesus/
So there you are...batshit crazy conservatives...how far they will go to demonize is stunning.
Oldwood, you are spot on. I hear over and over how this shutdown is "suicide" for the Tea Party Republicans. Bullshit. This whole business will strengthen and legitimize the Tea Party, because they aren't going along to get along. They are actually standing up to the system.
Thats what concerns me. Their willingness to speak what they are really thinking tells me they do not believe they are a countable to anyone with full confidence that the press will NEVER ask difficult questions. Obama wants to crush all opposition as he feels he must. Everything is on the line now and any sign of weakness from him could be fatal. Conservatives should put all the pressure they can muster. I think it is their last stand.
I'm fucking sick of this arrogant motherfucker. Hearing his voice and seeing his face makes me ill.
I wish some SSRI brain melted person would pull a John Hinkley on Obama... do it soon please.
Get nervous when politicians start using the stock market as the basis for policy....
So the White House strategy is to put pressure on Congress by creating a financial crisis? Who woulda thunk it. Hey, if that don't work, let's nuke Syria. Or maybe Kansas City.
You're close, it's South Carolina (Columbus to be specific).
Maybe Charleston?
Charleston Chiefs - on a long enough timeline...
No! Not now the Chiefs are having good season!
This is the kind of "rational" thinking you get from Chalky and his thugs. I never thought I would live long enough to see this, but absolutely nothing surprises me anymore when it comes to tyrants and dictators.
http://vegasxau.blogspot.com
He/ they/ Obama/ TPTB/ whomever it is rule by fear. 'They' create a problem and/ or crisis which generates the necessary fear and then come up with the solution which was actuslly the inititial policy goal.
This is why Syria was so powerful because We The People didn't fall for it. Thst cunt Hillary and cocksucking little faggot Obama allowed OUR fellow Americans to die in Benghazi -- and ya I get f n mad!!!!
Bad news is good for markets which, thank gawd, the algos still understand.
History lesson -- Greenie had to pop the bubble for fucks sake!!! My guess is that Yellen will pop this one. Who's gonna question grandma's advice? If the bankster crooks get greedy enough they might bring it down on themselves again. Their mafia looks tightened up though.
Until then, it's POMO driven girls.
Fear is all they have left. There is no way to create prosperity for the country without massive theft, of which they have done plenty to no avail. So fear it is. Its about...what are you going to lose today? Your home, your job, your savings, your wealth, your life, your healthcare, your food, your freedom? If he can put enough fear into enough people, they will go along with anything he wants to avoid loss. From the bankers to the debit card holders. He seeks to own them all.
"Thst cunt Hillary and cocksucking little faggot Obama allowed OUR fellow Americans to die in Benghazi -- and ya I get f n mad!!!!"
Well, I agree about Hillary and Obama, but I certainly don't get mad when our mercenary thugs and hitmen get what they deserve for fucking with other people's lives in other countries. What did you (or they) THiNK was going to happen to them? Do you really think that we Americans have some kind of "Get Out of Jail Free" card that allows us to avoid the pain and consequences that all invaders and exploiters must face at one time or another?
of all the white house mouthpieces in all of the media, Ms. Goldman is perhaps the most obvious
earlier today she explained to her audience (sounding like a female version of Forest Gump) that President Obama does not want to negotiate on the debt ceiling. It is not the responsibility of a President and he does not want to set a precedent
Steve Forbes who was a guest moments later cited numerous examples referring to her statement as preposterous
Are you serious? Where was this at?
Often in the mornings, I like to go trolling for idiots on Huffpo. There are no bag or possession limits. Today, I stumbled across an 8th grade tutorial sponsored by WaPo on deficit spending.
Why is it, that not one entity can graph, a 16.7 trilion debt to a 14.99 trillion 2012 GDP- and express it as a percent? If I didn't know any better I 'd think these fuckers were just stupid instead of lazy. Or that somehow, it really isn't propaganda. http://thecivillibertarian.blogspot.com/2013/10/washington-post-puts-up-...
Obama is simply being an a-hole, he's not even acting in his own best interests.
How could they expect the market to go down today, Bernanke had it scheduled to go up, so up it goes.
Anyway, most of the world is still so befuddled that the only way they know to prepare for the uncertainty of a US debt crisis - is by fleeing to the safety of buying more US debt!
We are so screwed.
What market? The market is just leverage of the printer at the FED. What else are they going to do with those trillions...give it to the stupid Obama voters? DOW 100K!
Hi! Your problem will be fixed soon, even I know that here in Europe. I would recommend Finnish Kesko Corporation and Nokia. Yeah, Kesko is little bit overvalued but because american GE and generally positive reaction I will earn good profits soon, Thanks lamers and continous support from uncle Ben
How much POMO today?
That's all that matters.
Eleventy something Billion or other.
It sure does feel like this is going to be a sell the news event once we do get a resolution.
I love that photo of the AntiChrist they use in these stories.
This will all play out once again in February when the 'new' debt ceiling will once again be breached. This country is screwed and everyone knows it. Those in Washington especially. The elected officials there are taking what they can, while they can. Good cop/ bad cop BS between the pubs and the dems is just old and worn out. Americans know after this theater is all over they'll be golfing together, attending each others parties, and generally doing the 'Kumbaya we're all friends' routine. I've heard the Phillipines is a nice place to retire. $800/month will allow you to live well, so they say.