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Hope Rally, Tuesday Edition: On The Dot Again
Just like yesterday, for the second consecutive day we showed what a broken, manipulated farce the S&P has become, when we tweeted several hours ago, just what we knew, for a fact, was going to happen. To wit:
Time for today's hope rumor: 10:45-11:15am.
— zerohedge (@zerohedge) October 15, 2013
And sure enough, just as we predicted...
In short: a market by the vacuum tubes, for the idiots.
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there is always hope, until there isnt.
its become comical
Rumor has it Yellen will be repaving the Road to 33 Liberty Street with pure .999 fine AU. Might explain why gold eagles still holding a 4% premium to spot despite the smash (see: www.CompareGoldPrices.com)
Reid Durbin shumer sound like they are on QVC.....wha wha wha
Reid said rating agencies may downgrade US tonight.
And his tone says it all, NO progress.
Does he know.....thanks Harry
Senate Majority Leader Reid: Rating agencies may downgrade the US as soon as tonight - @CNBC
3 mins ago by editor
hope is priced in
[Cue Carly Simon] "Ma-ni-pu-la-a-tion"
I barely stopped myself from making a very crude remark about what Theresa Heinz hums when servicing the horse.
I love this market.
STFHYFI
Nothing is really going to plunge until the Oct 17th deadline is bypassed. Even then, there will be hope-rumored manipulation, so forget about shorting anything.
The (human programmed) algos are in control. Do not attempt to adjust your monitor. Do not attempt to change the Matrix. There is a fifth dimension of manipulation. You have crossed over into the Fascist Zone.
<Don't worry. Be happy.>
SKYNET is self aware.
Not following the logic here, the only news from DC points to no deal (ZH just reported the house bill DOA, senate hasn't even scheduled a vote, not that that means anything) If anything it proves equities are just running on fumes of the fed's printing press.
The algos are busy (desperately) buying the rumor.
Watch out when the actual news hits. Just like what happened in 2011, I suspect there will be plenty of selling the news in equities and buying the news in bonds once this can is kicked down the road.........for however long that is.
Why not just code programs to never really sell?
Print MOAR is the only logic that matters.
Insanity is self sustaining, self replicating and self affirming. The ultimate perpetual motion machine.
"Hope is a good thing"
- Andy Dufresne
I actually agree with that statement. At this point in our human spiritual development hope is needed to create reality.
However FALSE hope is not good since it distorts the reality creation process. The proof is in the (rotten) pudding we are presently being served.....created by ourselves.
All hope is false hope, it is the root of all inaction which allows evil to creep ever deeper into power.
There is destruction hope and constructive hope. Since at this point we humans need hope I prefer the construction variety.
Just BTFD and BTFATH, just buy buy buy. That is all.
CONSUME....CONSUME....CONSUME.... THEY LIVE!
OBEY!
MARRY AND REPRODUCE AND ... BTFD
God this hope thing is awesome. I'm going to hope my company goes from selling $25 million to $100 million this holiday. Hope sells real product right?
Oh, I forgot. I work for a private company that actually needs to sell product at a profit to pay me money. We can't print hope shares that double in value after a few months because of nothing but momentum fueled speculation.
God it must be nice to not worry about profits, and just see your holdings escalate in value because some idiot gives banks $85 billion a month to play with. Why even produce anything physical at all. Twitter has the right idea, hell they can continue to lose a few hundred million while producing nothing and the majority shareholders will still pocket billions with the IPO.
And i say this to you tonight..
There is HOPE!
TCM
Just mom n' pop biddin' the stawks.
Because fundamentals.
All bullshit. They say trillions will be lost on the stock market if the US defaults. Nah...the slick players just pull their money off the table and wait for the panic buying to set in and then jump back into the market with two feet. Buy low, sell high. As long as the market goes back up, nobody loses shit...and the market ALWAYS goes back up. Ever hear the expression "What goes down must go up?"
"You're looking live at the Hope Bowl, where everying goes higher on positive excrement. We are emanating today from the bowels of CONgress where the Kicks meet the Cans. And now we break for a commercial message from one of our sponsors...Tidy Bowl."
... of the vaccume tubes, by the vaccume tubes, for the vaccume tubes ...
so "hope" by definition is an emotion meaning it cannot be nor "is not is" an explanation of any market move. this incudes both "post collapse" (hope is not a strategy for recovery as it is based upon some future event) nor is it a correct explanation when a market continues to surge higher (hope is not creating a gain.) in other words there is no basis in investing for "hope"...especially when markets are moving higher. perhaps there was an expectation going into the debt dialogue we would have "fiddling while Rome burns." in fact the exact opposite is occurring. in other words empirically speaking "the meaning of the words have already been spoken"...so sure...the inability to come to any agreement is increasing...massively actually...the cost of "doing Governmet" (to the point where this time around instead of Detroit we have Puerto Rico) in fact this is a "liberating condition" for Wall Street and "banks of all sorts" as it would appear "money" is simply being liberated from all the rules vis a vis "payment." I've said it before and I'll say it again: "I do not want Wall Street running my Government Program." if the alternative is no Government period...well, I would argue people will take Wall Street and the banks running their program. can't say I've thought this through but isn't this the essence of QE is anyways? not "money printing" per se but an abrogation of responsibility by the people who create the program to the people who actually run the thing? in other words "what is your payment mechanism?" I would argue if you say "check" in any form then no matter how the funds are creating ultimately you have created an "NGO" in the form of disbursement. in this case "a bank."
I've got money riding on this hope.