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Can Kicked For Three Months Means End Of Rumor Buying?
Gold and silver are rising; Treasury bonds are bid, and stocks are leaking off their highs as the momentum igniting euphoria of rumor after rumor has hit the fiscal cliff of a "can-kicked" deal... For now, it's "sell the news"...
and VIX has been crushed at the short-end (though not much at the Feb/March expirations)
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Now we can focus on the taper/untaper rumors. Same channel, different clown show
Moar debt!
So, in February we can expect another "manufactured crisis" ??
Yep, but until then let's all sing, "Happy Days are Here Again!"
Surely there will be NO TAPER now as they have the excuse that the last few weeks has reduced US growth - so carry on with QE?
This allows Bernanke to retire with no taper and no threat of the DOW crashing... and the baton gets handed to Yellen who, instead of tapering, may surprise us all by RAISING QE in the New Year.
Is this debt ceiling agreement a signal of a rising DOW/NASDAQ from now right through Christmas to the end of January???
The problem is that even the average investor with the slightest...I mean the slightest bit of rational sense is seeing this whole thing now for what it exactly is; a big fucking farce.
They also recognize risk is still being rewarded.
Need No-Taper to buy Tarpaper.
Yellen print or print more?
A bit off topic:
Hey Hey Hey, Cruz is a ball of shit! He is a fraud in an expensive suit. He just made his announcement that he will not try to delay this horseshit. It was a lovely scene with him obviously reading a teleprompter. He even had a bunch of photographers BEHIND him taking photos, of the back of his head presumably. A nice tight shot that didn't give the game away that this was a completely staged and scripted (teleprompter) event. Another co-opted, controlled oposition scumbag! Nobody that gets elected is what they represent themselves to be. It doesn't matter who you vote for, it matters who counts the votes, or how the votes are counted (machines). I'm disgusted with the lack of intelligence of the majority of the population that precludes them from seeing right through this charade over and over and over again.
How many more times can they pull this charade? Eventually this giant mamoth will come down.
We view the world thru our own conflicted and distorted eyes. Nearly everyone believes they "see" quite clearly and most choose to ignore what they allow themselves to see. Intentional selective blindness.
They were taking pictures of his other face....
Cruz said that Phil Gramm was his ''Political Hero''.........need I say more?
google it
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He should have said Billy Sol Estes was his "Political Hero"
You seem surprised at the sight of a whore acting like a whore.
Why does a person run for public office? Because they're whores with no skills, no ethics, no guts...and a law degree. That's why.
It has been nothing but a short squeeze all the way to the deal. I would not be suprised to see a sell off after the deal is reached.
Let's see ... everyone long, everyone margined to the hilt, margin requirements raised, op ex on Friday.
Only thing keeping this going is the Fed. I wonder how much longer they can keep the needle buried in the red.
Looking at Treasury debt distribution (see TD link http://www.treasurydirect.gov/govt/charts/principal/principal_debt.htm) they have a lot further to go w/ QE than I anticipated:
Bills - $1.5 T
Notes - $7.8 T
Bonds - $1.4 T
TIPS - $1 T
Fed only owns $2.2 T of the $10+ T Notes/Bonds/TIPS public outstanding...this coupled with the no inflows in 2013 of foreigners into Treasury debt (according to TIC data) after huge inflows from '08-'12...would seem a significant increase in QE would be warranted if Janet wants to avoid reality in our interest rate sensitive economy.
OMG ... SnP looses 2 or 3 points and it is worth a long ZH post. Desperation. Now it's sell the news. Drama once again. Or wishful thinking.
Boy this is getting silly.
SnP 18xx here we come.
I can understand junking because it's so disgusting, but it's true. Depraved, corrupt, sinful, destructive, but true.
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risk was again rewarded. we all knew how this would play out. why wasn't everyone along for the ride? shadenfreude over a small pull back is not much consolation, no? each time the market pulls back, dip buyers are ridiculed. yet, each time they have prospered.
Keep Fucking That Chicken!
http://www.youtube.com/watch?v=ss8LDBNcsWc
When I bought gold in April @$1320 , timed exactly perfect at low, it was with the idea this exact scenario on this exact day would happen exactly as it has. So why hasn't Gold paid off ?????
EXACTLY !!!!!
Unfortunately I think Trader Dan was right last week when he said if gold can't get $1300 back in a hurry it would signal more downside to come.
And that poor man who's terrible broker keeps selling 50 tons at a time for the lowest price he can get... I sometimes wonder what will become of him...
>> Trader Dan was right
Trader Dan is always right, until he's not.
Trader Dan is a trader. I can appreciate his fantastically level headed calls over the last 2 years even if I've hated him being right every step of the way.
Outside of Martin Armstrong who I don't follow too closely he is the only "gold bug" I know of who has been honest with themselves about gold's short term prospects.
Nothin at all wrong with holding ya some phys during the interim. But the KWN style calls of gold and silver skyrocking tomorrow do so much to undermine the cause.
YOU'RE ABOUT TO HEAR AN EXTRAORDINARY INTERVIEW WITH...
Price suppression is a bitch. For the miners!
For stackers... Not so much.
They got in a nice 2 weeks of insider trading.
Well done, Congress and Wall Street
The BTFATH idiots cannot sell the news. What a bunch of desperate crack junkies.
Looky at the prize Santa left under our desks while we were at lunch...
Heres how these dickheads roll over here folks.
Two weeks before christmas last year my gas and electric bill went up 16%, I have just been informed that in the first week of November, gas is going up again by 8.8%. Meanwhile, the peodophiles, chancers, expence fiddling fucking pieces of shit in the houses of deprevation have been debating, get this, a fucking 'Tax Cut', 'For Hard Workers'.
This is verging on the point of outright abuse of the citizenship of Britian, and you know what? they couldnt give two fucks, same as your lot of reprobates.
These fuckers is screaming out for hanging.
Our utilities just went up a full 30% from the previous quarter.
Why?
'Carbon' Tax
Shoot parasitic greenies on sight kids.
The central banks are dumping tons of their remaining gold onto the market to keep gold caged. IMHO, gold is holding up price wise very well under the circumstances. Gold has tremendous support at $1200. This game can only continue for a year or two at most - they don't have enough gold in New York to keep this up much longer. Remember, when the London Gold Pool finally collapsed in the early 1960s they had collectively dumped 12,000 tons of gold bullion onto the markets and the markets swallowed it up whole and replied "please sir, we'd like some more."
Obamacare has completed the entrapment by government of your assets. There is no place to hide, except physical gold and silver held outside the banking system. Obamacare will strip mine the remaining wealth of the citizenry. Bank accounts will be bailed-in - it's just a matter of timing. Buying physical gold and silver at these suppressed prices is a no brainer, if only to get your liquid cash out of the bank. But these prices will be seen for the screaming bargains that they are in good time.
America Inc. is history's greatest hedge fund, massively leveraged and with nothing but downside risks (negative demographics, rising energy costs, resource scarcity, non-competitive industries and workforce, growing dependecy, institutionalized social welfare state, entitlement programs massively underfunded). When a corporation is in this bad of a shape, you short it's shares. Its shares are paper dollars and their derivatives, bonds. When the last reserve currency fails, there is only place to go: gold!
That 10 year yield may not be going down for long. Watching JGBS.
Bought Time is Time Spent for nothing but a tighter bungee jump into the land of forgetting promises.