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Panic BTFATHing Sends S&P Above Record Closing High
Obama's message was heard loud and clear: one nation, under Bernanke, buying stawks.
- S&P 500 RISES ABOVE RECORD CLOSING LEVEL TO 1,725.60
This is what panic buying looks like: a ramp of over 7 points per hour since the open. At this rate, the S&P should close around 1750, and hit 2000 by Halloween.
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BTFATH!
Do not short below ES 1750.
Are we copying Argentina and Venezuela?
Buy TP! (Toilet Paper)
More like Zimbabwe. I've noticed prices on 100 Trillion ZD bills are up to over US $ 5.00
Just wait till the $Trillion USD are on eBay for $5 Zimbabwe.
I'm convinced (genuinely - no snark) that central banks from the Fed to ECB to BOE to the BOJ etc. are all directly buying equities now, and we'll only have confirmation of this FACT 5 or 10 years from now, when some "cutting edge journalist" gets the scoop and delivers the news of what long ago happened to the sheeple.
In the meantime, buy Herbalife, Priceline, Manpower, Potbelly, Baidu, and other stawks that are 50 to 300 baggers already and will soon be 500 to 3000 baggers and hope that you can quadruple or octuple your intelligently allocated "investment" based on fundamentals yet again before it all comes crashing down again.
This new MOAR bubble that is born of re-inflation by direct central bank manipulation of all asset classes positively makes 2007 look like piker's play.
Cheerio!
I've thought the same thing ever since the Lehman collapse.
I believe a Journalist already has uncovered the TRUTH........his ended up exploding.....TWICE prior to hitting a tree!!
Don't cry for me Argentina...
That, and FUCK Obongwater.
Just when I think he can't become a bigger asshole, he opens his mouth.
Yup. And....glad to see you around Slaughterer.
If you are shorting, short the X3 Bears. City hall is gunna print again!
That looks like natural organic buying.
Okay, so I shorted. Again. Anyone know how to sign up for EBT?
Did you hit the wrong button?
we have not hit full retard yet. I expect it around 3,000 S&P and 25k dow. There is your blow off top before the next 5% correction.
5% or 55% correction?
You read that right, 5%, if that.
We have now entered full retard print mode.
look, our dear leader just came out and not only lied his ass off but reinforced our fascist future. As an American it was horrific to listen to.The bond market should have done the patriotic thing and sold off huge behind his lying ass. Stocks should have sold off and gold should have been up $200.
But amazingly, traders decided they like coke and hookers. So they are panic buying bonds and stocks. Basically we are going to learn to love this ponzi while the MIC keeps the gun pointed at everyone. So at some point things may change. But it may be a while.
Classic "Don't hate the playa, hate the game." Either you front-run, or you get run over and end up road-kill. There is no safe middle ground for honest traders.
Correct. A trader friend of mine said to me this am "this country is already completely fucked. We are just trying to make money in the meantime."
A friend recommended to me that I take up FX trading on leverage!
LOL. Yeah, not like the CBs and Wall St banks and HFT machines have utter control of those markets (since they control the currencies themselves)...
okay..."partially correct." I would reference the book "Ascent of Money" and Deng's Dictum ("to be rich is glorious") here. in other words "is there an empirical basis for Project Raging Bull?" and of course the answer is yes. the second aspect of this project is the creation an "affirmation of a cognitive bias" (namely the quality that smart people who generally inhabit Wall Street are in fact non believers.) Enhancing this "effect" helps keep the bull in the clearly resounding corner of "minority" (ie "mania control.") third would be policy driven...namely the pursuit of people who will enhance/agree with said "occupational goal" (ie "they believe in the Ascent of Money, they wish to be glorious too.) should all these attributes prove "conforming" the some type of computer program or "AlGoreRhythm" would be created in order to operationally "Gain the System." various responses would be "duly noted in the log" to test said efficacy of said program "with adjustments made accordingly." Give it the aura of "contrivance" ... find yourself fingered as part of some "cabal"... rinse, repeat. thoughts? opinions?
Don't trade. Stack.
In my defense, I am also a stacker. But I sometimes like to lose whatever cash I have left lying around.
what are we stacking again?
Death by a thousand papercuts. Our dear leader wants us to be grateful for the paper.
I just disabled selling. I can only place btd, btfd, and btfath orders.
Selling was outlawed last night. It was on page 87,203 of the CR.
Every day people sell thier soul.
Oh that? That's fine.
Just call up your broker, explain to him that you made those trades on behalf of Goldman and you'd like them DK'ed. Then take our your broker for a night at the strip club and all will be well.
"Okay, so I shorted. Again. Anyone know how to sign up for EBT?"
Show them your profit/loss statement. Worked for me. Though an unintended consequence was that they thought I was mentally ill rather than just poor and signed me up for SS disability before committing me to the insane asylum.
<You must be insane. Everyone knows you don't fight the Fed.>
How long before S&P is replaced by the word Gold in that headline???
Too, too long. Longer than you would believe possible.
Years. There will be plenty of time to buy until then.
This just sniffs of disaster!
You may be right but hell, is there no better way to save your arse than buying this shit?
Sadly, the idiots at the Fed never see the negative consequences to their actions even when they pile up on the front page.
http://www.marketwatch.com/story/the-return-of-the-million-dollar-house-flip-2013-10-17
The system is designed so that they only way to win is to speculate with everyone else then hope you are lucky to get out before the wreck.
They have promised continually that they will push this over the top, creating the mother of all asset bubbles and enabling Congress to indebt the American people to the point of no return.
Back to September 18 highs.
Which scientifically means that the past 30 days never happened.
Its the Bernank mind trick....this is not the dip you are looking for
If you had s&p
The rich are getting richer. All the stimulus ends up in their pockets. Thanks Bernanke
The bigger they come the harder they fall, one and all.
If this isn't what a blow-off looks like then none ever existed.
Holy shit! There's a skittle shitting unicorn in my front yard...There's a rainbow over my house, and a leprechaun holding a pot of gold in my back yard... BTFATH
Panic Buying? ahah something is damn sick nowadays
Somebody asked what the new Federal Debt Ceiling was on another thread.
Guess what? There isn't one. It has been "suspended" until February 2014. Therefore, there is no limit to how much debt we can rack up between now and then.
The Wall Street Journal’s Janet Hook and Kristina Peterson: “Congress Passes Debt, Budget Deal” A potentially crippling U.S. debt default was averted late Wednesday, as Congress passed legislation to end a political showdown that had rattled financial markets, splintered the Republican Party and showcased Washington dysfunction. The House voted 285-144 to reopen the government through Jan. 15, suspend the debt ceiling through Feb. 7 and lay the groundwork for talks over broader budget issues. The Senate earlier approved the bill 81-18. President Barack Obama signed the bill early Thursday morning.
So, yeah - S&P 2000, here we come!
GDP is going to 25T. Since there is no debt ceiling the amount of debt will no longer be accounted for.
This will be the only cost savings initiative in the new world order. No accountants needed to know what the debt is.
"Tonight is the night, we’ll fight till it’s over
So we put our hands up like the ceiling can’t hold us
like the ceiling can’t hold us"
Closing the afore mentioned BEAR TRAP!
Ah, but me thinks this is all just a BULL trap. Depends on your timeframe.
Yes. It's been one big bull trap since S&P 800, huh?
Yes.
Confidence restored!
guess what the Spaqnish IBEX which has been negative all day just hit a new 2y high yet again AFTER HOURS while the underlying market is closed, this must be the 10th time in the last two weeks the US markets have dragged everything up with it
Rising tide? Or tsunami?
what's up with Chase and money transfers and Atm limits?? capital controlls??
Somebody with fancy cufflinks is apparently in need of a bail-in.
That's what you get for shorting gold ...
Look now we can IPO Sports Athletes...Manufacturing Giant America leading the way once again.
http://sports.yahoo.com/blogs/nfl-shutdown-corner/now-literally-invest-a...
https://fantex.com/
Bowie Bonds again? Oh wait, these are "equities."
As Rothbard noted, that makes all the difference.
/s
Unless you believe in Guerilla warfare or are just plain lucky, shorting for more than a day or two is just a death wish. There will come a time, but not now and not soon.
Inflation plus taxation in a fiat currency is intended to ensure the "little people" or "muppets" or "average joe" can never rest or avoid credit (debt) to keep up. It simultaneously rewards those getting the money for free and loaning to above at a fine spread. The currency debasement forces people to take what would be "savings" and put them at risk to avoid inflationary debasement.
PM's were supposed to allow for a sustainable money and thus a sustainable society - the old idea of "saving" for something made sense as it did not increase in price while you amassed your savings. You did not need to put your money in the stock market to avoid currency debasement...
The government did not need to actively try to lie to it's citizens about inflation, actively coninve to fix prices...actually, very little government was needed when people had stable money and maintained personal responsibility.
Actually, the system is fucked up this all sounds like I'm from Mars or I'm some 90 yr old stark raving loony who "doesn't get how the modern world works..."
Blah blah blah...or more simply put...just buy the fucking dip.
Actually, your comments are completely sane. It is our leaders that are insane. They tell us they make things more affordable by intervening in markets to push prices up and purposefully creating inflation. College, housing and healthcare would have been affordable without their help.
This SAT-800 guy needs to stop shorting this beast.
was forced to cover my shorts. made the decision to go long gold miners. the upside in this long is better risk reward than shorting the market imho
This crash is gonna be fucking epic!
Where the hell is that shoe-shine boy when i need him?
Yes, its called the crash of the USD.
1730 small correction, all the way to 1800. run Forrest run....
Panic? I didn't think vacuum tube algo-bots had emotions??? I hope this doesn't mean that Johnny 5 is alive and might also disregard the 3rd Prime Directive and try to kill us all.
One nation, under monkey currency debasing authority , buying stawks. Yah, that’s the ticket Muppets!
Pixies - Where is my Mind (Fight Club Soundtrack)
Majority of ZHers are now bullish....we can't be too far from the top. Right???
I'm bullish on everything crashing down on our freakin' heads one day soon in the near and creepy future. Also bullish lead and lead-delivery systems to the MAX, bitchez!
Pump it up Bernanke, you stupid motherfucker!
http://www.dailymotion.com/video/xr22b_elvis-costello-pump-it-up_music
Interest rates will be Barry's undoing.
3 month T Bill rate rose 500% in the last two weeks - yes, these are still small numbers, but when the retailers and the goobermint get hit with interest rate hikes, it's going to be awful.
Here's why the 3 month is key to follow
http://bullandbearmash.com/about/us-prime-rate/
question zerohedgers, how long does the crash take?
do we wipe everything out in a week, month, 2 months, etc?
will it be like -1000 dow pts daily
well, i'll take a dip and short this ...
Its an algo Boner. The red white and blue financial woody, ride at your own risk.
Could someone please tell me what BTFATH means? Thanks in advance.
Buy The Fucking All Time High (as opposed to BTD, i.e. Buy The Dip)
Thanks very much.
OK so what the fuck is happening with gold right now? What the hell is this $50 ramp this morning all about? Can someone help a noob understand what this is? And think of it as you educating me....seriously...what's this about!!??? I let it go over the weekend thinking, it's going to take a nice dip when they reach the damn deal. And they did reach that farcical theatrical ending but gold didn't do what I thought it should have. So help the learner out here, brothers...what gives????
Nobody showed up to pound the paper market today. This is what gold wants to do left to its own devices.
So basically what you're saying is that until the Pied Paper who has been bullying gold down every morning and evening last week or two shows up again, this is what gold should be doing and that in your opinion it is significantly undervalued?
don't sweat the price in bennybux. it will just give you anxiety.
buy physical, take it out over a large body of water - lose it in a boating accident, and rest easy.
Our politicians are traitors and utmost pieces of human shit.
Isn't that just a tale of two algos buying and selling to each other on ever increasing prices? And end the day virtually flat, just got a massive price ramp