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It's Settled: Central Banks Trade S&P500 Futures
Based on the unprecedented collapse in trading volumes of cash products over the past 6 years, one thing has become clear: retail, and increasingly, institutional investors and traders are gone, probably for ever and certainly until the Fed's market-distorting central planning ends. However, one entity appears to have taken the place of conventional equity traders: central banks.
Courtesy of an observation by Nanex's Eric Hunsader, we now know, with certainty and beyond merely speculation by tinfoil fringe blogs, that central banks around the world trade (and by "trade" we mean buy) S&P 500 futures such as the E-mini, in both futures and option form, as well as full size, and micro versions, in addition to the well-known central bank trading in Interest Rates, TSY and FX products.
In fact, central banks are such active traders, that the CME Globex has its own "Central Bank Incentive Program", designed to "incentivize" central banks to provide market liquidity, i.e., limit orders, by paying them (!) tiny rebates on every trade. Because central banks can't just print whatever money they need, apparently they need the CME to pay them to trade.
So the next time you sell some E-minis, ask yourself: is the ECB on the other side? Or the BOE? Or, perhaps, you are selling S&P 500 futures to Kuroda. Who knows: there is no paper trail anywhere, although a FOIA request and/or the discovery from a lawsuit, class action or otherwise, of the CME's central bank incentive program would likely yield some stunning results.
But the only place where "discovery" would be by far the most interesting, is for the CME to disclose just which central banks provide, or take such as at 8am every morning when one market sell order takes out the entire bid staack, the most liquidity when it comes to central bank trades in "Metals Futures Contracts (Physicals)."
Because imagine the shock and awe if and when it is uncovered that the biggest active manipulators of gold are not some junior-level traders out of Britain's criminal bank cartel, but the central banks themselves.
Finally, while the list above deals with international central banks "providing" ES liquidity, those wondering why the NY Fed is not on the list and just how the Fed's active trading team participates in the market without breaking the law, we have just one word: Citadel.
Source: Modifications to Central Bank Incentive Program. CME/CBOT/NYMEX/COMEX #14-038
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NSA, GCHQ, MOSSAD, the whole lot of you lot, as in all you, and the rest of the ones I dont know or didnt mention,
You seriously want to go up against all of us? Is that why the bosses bought all those bullets and such like? Is that why water cannons are now allowed on British streets?
You dont honestly know what you are going to kick off you cunts.
I hope your collective families stay safe boys.
And thats the bottom line boys, you and yours.
Think, tell the wife what you may never come back from, she needs to know, so do your kids.
Think...
;-)
The banks are worth what then??
Yea that's some pretty good bravado, really.
But the enforcer class is really entirely too stupid to fear, and so what if you drop a few? What have you accomplished?
The problem is, those that are really responsible - those who set the kindling for the coming conflagration are shadowy, and run the stings on puppets connected to yet another layer of puppets...
How will you strike at the head of the snake if you don't even know who it is? And do you think a snake with all the tech, and talent that literally unlimited fiat can buy might be a hard target?
"The greatest trick the Devil ever pulled was convincing the world he didn't exist."
quote: "The greatest trick the Devil ever pulled was convincing the world he didn't exist."
No! The greatest trick ever pulled was by Man convincing the world that the evil he does is the fault of a theoretical third party entity called the "Devil" (thus making him blameless).
reci - nice. i like that. heard a few, but not that one.
Thanks Tyler.
Central Bankers, "but, but, but, it's OK....because it's a victimless crime..."
no wonder I feel lightheaded with all air being sucked up by CB's.
Does this count as welfare or direct subsidy?
Negative
The last line of the CME doc reads:
The Exchanges shall monitor trading activity and participants’ performance and
shall retain the right to revoke Program participant status if it concludes
from review that a Program participant no longer meets the
eligibility requirements or fails to meet the obligations of the Program.
I wonder what those "obligations" are.
Noted; Thank you.
bruce Krasting, still holding up the banner of innocent for your buds at solyndra?? otherwise welcome back your seat on ZH was getting cold. everything you write is tainted with that stand.
Bruce, those 'obligations' will be whatever TPTB want them to be when they need them in order to crush someone. They will only be selectively used on their enemies. All fellow sociopaths and insiders will be exempt from all such rules.
Maverick
Pump up that ponzi...dance, dance, dance...
An American, not US subject.
"It's all wealth and luxury until someone gets guillotined."
Wait a minute. You mean it's all fake? I guess my grandfather was right, the whole time I was growing up. But what did he know? He ran a small business in Appalachia through the Great Depression. I mean, the one from 1929-1946. I heard it was all different this time, but he said, "Nah." Too bad he died a few years ago at age 96. He wouldn't be laughing today, because he knew what this does to people when it falls apart. But it would have been reassuring to have him around to talk to.
Can't be too many conspriracy 'theories' left.
They all seem to be showing up as consiracy facts.
Shit! AJ was right! Oh no!
Excess reserves much? Here's the Reverse Repo link for you guys/gals.
http://www.newyorkfed.org/markets/omo/dmm/temp.cfm?SHOWMORE=TRUE
172.5 billion for eom? Look at the last 25 transactions.
QE-POMO is alive and well.
http://i.imgur.com/FcZ1RLe.png
I've been beating on that drum for a while now.
So they let the member banks sell puts on the minis and then the CBs ramp it?
It's beautiful money laundering.
Central Bank faggots can do anything they please. Just like the secret FISA "courts".
Who wasn't certain?
Hop in, the water is good. Massage with happy ending, just enjoy the S&P ride until Venezuelan/Distopia highs with a touch of phyz hedge and some gardening skills. Buncha whiners.
Japan has been throwing everything they have at world "markets" for years. The BOJ, the GPIF, that fugly levered up drag queen mrs. wantanabe, you name it. Balls to the wall and shank to the skank bitchez.
Hey Buzz, I can't remember who the brilliant poster was. Re: the US and Japan inflation curve.
The article was about the lost decades and gdp growth. Anyhow, the person so succinctly pointed out the rise in government spending NOT being accounted for.
Sure the curve matches, but Japan has a %251.00 gdp ratio!
add to that the entire island nation being one big 3X long-only hedge fund
Long "Hari kari" Buzz.
Whats funny is that these guys just print the money but they need a rebate to encourage them to trade! Fuk the sooner this all ends the better. Not long now (of course, that could be within 40 years or so in which case I most likely will be already gone!)
I keep telling you people that nothing matters until gold hits 2000. Here's the proof - nothing matters until the central banks' control on all markets with their fiat wet-ink confetti is broken.
Gee, who would have ever suspected that the House gambled against the players?
(rolling eyes).
I'm pretty stupid, explain to me again what this "market" is?
I pretty sure that we don't even know what "is" is anymore.
...
We are where we are...
Don't forget to mention all of these facts to your elected representatives when they are stating why you shouldnt hang them from a lamppost.
To say the market is rigged is an understatement. After over 30 years of trading commodities I will flat out state without any reservations that lies and manipulation run rampant. If you think anyone is looking out for the small independent trader you are wrong. An unholy alliance of the Federal Reserve, the government, and the too big to fail has left the rest of us in a precarious position.
For the big boys, its insider information and computer trading, this includes computing patterns that exploit where stops are placed, this improves their ability to wash the weak out of their positions. The bottom-line is that the higher the market goes the more vulnerable it becomes to a major collapse and sudden downward move. More on this subject in the article below.
http://brucewilds.blogspot.com/2013/07/markets-more-lies-and-munipulatio...
it's proof of a Central Bank Incentive Program, it doesn't prove that they trade S&P500 futures, but i'm sure they indeed do : )
I dont' get it. CITADEL? isn't that like west point stuff a whatchamacallit??? Global assett management??? they were strictly brokerage houses! limited to brokerage. glass speegal kept it all separate right? oi vey
The war of the printers!
GUYS LET'S WORK TOGETHER, 2 CRUCIAL PIECES NEEDED:
1) Gold or Silver Futures product list (not on the doc above even though stated at the end of the article);
2) A DOCUMENT which show these kind of PRODUCTS (or rebates) gor DOMESTIC buyers.
Any leads?
And we now have if CONFIRMED that the poor bastards at MF GLOBAL were an ECONOMIC ASSASSINATION by the cronys.....
MARKET BUBBLE, AND LIFE UNDER THE BUBBLE ....
Nice Article from Sprott entitled "The Visible Hand of Uncle Sam". Cant paste link here, sorry. Just Google or Bing it. It's a PDF...
Bloomberg investigated and confirmed that Sprott had no direct evidence, so it couldn't be true. So there you have it, it must not be true 'cause Bloomberg says so.
Bloomberg is a mouthpiece for the globalist.
Kill or be killed.
Someone has to buy that shit since retail investors ain't; they are barely able to afford their food+mortgage+ a newiCrap for their mistakes [some call them children, I call them mistakes].
All Ponzis come to an end and it's usually Fugly.
Look at the fucking anemic volume across the( equity) board during August!
The P/D's are playing tonsil hockey with eachother...
Splendid discovery.
Consider this link between capital/capital-gains and fairness[aka justice]:
When you are an insider, there is no risk. [e.e. knowing YOU are going to announce something on a certain date and time that will move a market, the insider is in absolute control.
Brings to mind ex-US Supreme Court Justice William O Douglas:
"Absolute discretion is a ruthless master. It is more destructive of freedom than any other of man's inventions"
Me*: Johnny OneLot
Fed: Johnny MillionLot
Re the "*": Way back in prehistoric times i.e. E-mini circa 1999.
lol,
Crickets...
soooo, then when Putin knows he's going to go Ape Shit on Ukraine, he shorts a bunch of US market stuff, and covers on news release?
With the Fed and other CBs printing and buying everything just remember .... Nothing is Real
What is a "Weather contract?"
Where's Jim "Tool Time" Cantore' ?
Weather .com aka Algore.Weather/
CBs create money out of thin air and buy up all assets. They plan to own everything.
They think they own the bond and stock market as well as the commondities.
Shawking...simply Shawking.
The red hand of Yellen
Central Banks have decided - All the banks under us are now Bankrupt.
It's time we took over what they were doing.
While other banks can go bankrupt, we can never be bankrupt so long as we print/digitally provide the funds.
It's SNP 500 first ( we make gold and silver manipulation official later)!
gree.
My point: the CBs are bankrupt as well and therefore they do , what they do. Who is covering their rigged bookkeeping?
The FED is the ultimate backstop. You can call it many names, but it functions as the rich uncle from Mars with unlimited financial resources for all those that are derserving of its support.
All I know is at some point, a lot of people are gonna get shot or "hang out" as "branch Managers." We do not know just who or what side yet!
If you have a pension, 401K, SEP or any other money you or your company has tethered to securities (paper promises) -----and there are by last count several quadrillions of every currency in the known universe, except for Vanuatu, which is just now getting 4G so they will participate fully come Tuesday------you should be encouraging the FED to use its singularly omnipotent power to print.
Hunnerts of million of human beans are going to be moving to the sidelines as the first world populations retire to whatever pasture they have planned for themselves. Without the FED trading or sending the quadrillions of FRNs to the top 12 banks and investment houses for them to 'buy' any dip, the value of the paper would surely fall and that is simply untenable to the top 10% who need to have a somewhat orderly way for the serfs to move into retirement with some semblance of survivability or prosperity if the portfolio is large enough.
This is the deal that was made back in 2008. They get hundreds of billions per month for 5 years or more, to be used to pay themselves a large portion of those billions in compensation, and use the rest of it to set the computers to automatically buy on any dip, and randomly run straight up for a few years with just enough dips to look like a real market.
As the paper promises gradually wind down---and that will take at least 50 years------the market can then be left to fucktuate. By then most of us will be dead.
The only thing wrong with this is that the insiders knew this 6 years ago and have made fortunes for doing nothing.
This could only occur in a conspiratorial setting, with a few key players holding all the aces.
The shorts of course know nothing about this and their positions have only exaggerated the seemingly unexplainable continuous rise in the stock markets wordwide, as they go to cover their losing trades.
You who bet against this inexorable tide, or whine, moan and gnash your teeth haven't been cynical enough about what conspiracies can actually accomplish if left to flourish.
If U don't J B T MF D, you have been betting on Secretariat, not realizing she's dead.
So.....in the global currency SDR reset ...we will all be forced into IRS tracked digital currency, my home will be worth new money $100,000,000 (with taxes based on same), and the Fed Reserve landlord will hold all the revalued asset backed paper from all of our now defunct local banks. And Toby thought life was tough as a cotton picking slave on old massa's plantation. Ha. Brilliant.
OK, OK, I've been saying this since 2009. I guess since I do not have a blog on a website no one listens. In May 2009, Friday before GM went bankrupt, at 3:59pm an enormous amount of S&P futures were traded causing the market to shoot way up. I also started coping all the calls and puts way-way outside the money being bought. Fed has Maiden Lane I, II and III. They don't care if they lose money cause they can add more zeros. Congress allowed in one of the stimulus bills for bonds to be created from stocks, which were traded. Isn't it also insider trading since the FED would have all the economic figures before being announced? They would have all the FED minutes info before being announced? They have access to peoples computers and information (aka trades). They robbed us worse than the government did in Crimea.
*April 13, 2010 - Open Interest for December puts at 700 strike price was 7,772. WHY? S&P trading at 1194.50.
I used to work on the floor of the Chicago Board of Trade back in the 1990's before the advent of computerized trading.
There is a bar in the bottom of the old CBOT building called Ceres, named after the Goddess of Grain. Ceres at the time poured more liquor during the day than any bar in Chicago. You could literally watch the ice cubes melt in your drink as the bartenders poured a "real" drink.
At the time, I worked for the largest and one of the oldest filling brokers on the trading floor. One day at Ceres after a few drinks this guy started telling my boss that he worked for the CIA. He also said the government actively traded in the S&P contract.
I asked my boss later if thought the guy was telling the truth and my boss said, "No way, the government would never interfere in the free markets."
Now 20 years later, we not only know for sure the government is actively manipulating the markets but no one seems to care.
Free markets in the U.S. are effectively dead killed by the FED and their unelected university professors that now control our money supply.
There is no going back now. How it all ends no one knows but the markets that we once traded are gone, forever.
Dude, the see eye ay has always had business investments and products for sale. That's how they got rich.
I think they own Ronco. And Sham-Wow.
Ceres.... great place to blow $20 on a sandwich in a place packed with people you would never ever want to talk to.
They can print money and trade futures, too? How do I become my own cemtral bank? Are central banks hedge funds, too? OMG, the conflicts of interests. They release economic data and also have ability to trade futures? It's like trading with a crystal ball. The trading desks used to be place right next to the analysts at investment banks. Now, that is illegal. This is taking it to a new level.
As if manipulating currency, interest rates, and economic data was not enough.
If you declared yourself a CB and printed money, they'd put you in jail. But when they do it, it's legal. They also have NASA telling them how much is in your account, what trades you have, etc., etc.
Hate to say it again....PLAYBOOK!
Load up on PMs, you can become your own central bank. Or have land. My brother has a "central bank" of classic motorcycles he makes a killing off of, restoring and selling them. The fucker makes 50Gs a year in cash.
Why did the S&P get to 666 at the lows... blatant in your face doing 'god's work'
Now they have an 'incentive' program! Why? They are so greedy that stealing from savers, pensioners and unborn children is not enough for the pyschopaths!
Well, everyone knows, when things get really bad you have to ........ buy.
So the obvious question is...at what point, and what happens when they decide to take their profits? Ah, with fewer hands it becomes much easier to see how, in a flash, panic selling as they race each other to the exit can result in a Dow at 800 at some point...
U:S embassy in Tripoli Libia under siege..
AND we wonder why the "retail, small time" investor is gone? Only a fool trades in a corrupt market. Fool or balls of granite. Oh, what a minute....the other who trades in this market trades with someone else's money! That is it! Ta-da!
The SEC is all over it! Look at the crime they are after!
http://www.sec.gov/News/Page/List/Page/1356125649507
I see a LOT of accountants who lie...
LOL, trying to print their way to prosperity, disregarding history. Fiats backed by nothing.
It's the Zimbabwe model.
In the meantime, enjoy. I can't speak for anyone but myself, but most people I know simply wouldn't care or would probably think that CBs buying equities, futures, commodities, commodes, camcorders or anything else was nothing if not BULLISH.
The vast majority of people in the world simply DO NOT FUCKING CARE whether markets are corrupt, sane, legal, tethered, ZIRPed, QE'd or anything. All they know is their paycheck gets boinked electronically to their bank, they have enough money to pay expenses and have some left over, they can get financing on new cars, appliances, vacations, college tuition, whatever.
Like the vast majority of people for all of time, 98% have no clue what's going on right in front of their faces. Besides that, they don't care and wouldn't complain even if you proved all the conspiracy theories were 100% true and correct. They would want to watch football, water their lawns, shovel GMO foods into their gaping maws and sleep on their Posturpedic™.
So, why should any of us care? We are in the know, right? We know it's all rigged. We should be prospering from it, not complaining about it, and, I'm sure, some of us - those who were wise enough to stop denying (and shorting) and start accepting fraud as policy - are.
It depends on your priorities, and, largely, your age. If you are in your 20s, you care more about getting laid than economics, a lot more, so you don't care. 30s-40s, OK, now it's starting to get real, like why are both of us (husband and wife, in case that dipole even exists anymore) working our asses off, but barely saving anything? Is it the $400,000 mortgage? The $25,000 property/school taxes? The $1800 a month health insurance bill, the $200 a month utility bill, the $200 a month cell bill? All the new iPads and gadgets?
Food costs are the last thing these people are looking at, because they're generally not much, and even if they rise by 30% over ten years (which they have), still are manageable. So, unfortunately, they don't shoot their 9 and 14-year-old kids, but they've thought about it.
Once you're in your 50s, you've had it. I know quite a few people in that age group and they're fed up. They know just enough to want to know more, and the more they find out, the less happy they are. In some ways, they're similar to "enlightened" kids in their 20s. They would like to retire, but are scared, mostly because they know shit about anything other than pushing paper, are hopelessly out of shape, have never had to "fend for themselves" in any meaningful way and besides, many of them have pensions or 401ks on the line. They're FUCKED, FUCKED, FUCKED, with three capital FFFs.
Little by little, life becomes tiresome, burdensome, unwholesome. They realize that they're working just to pay bills, pay debts, pay, pay, pay. Kid of like Paul Sorvino;s character in "Goodfellas."
"...your place got hit by lightning, fuck you, pay me."
https://www.youtube.com/watch?v=5ydqjqZ_3oc
Unfortunately for these people can't just "light a match" and solve all their problems, because, in the parlance of Henry Hill (from the same movie), they're just "average schnooks."
Quiet desperation. It's what's for dinner, all you 53-to-58-year-old whiners. Soon, it's cat food.
Then, there's the 60s and upward baby boomers who are already retired - but still working - or thinking about retiring and still working, because they have an idea that they might live to be 85 or 90 or, God forbid, 95, and that $600,000 or $1.2 million or more they've stashed away might not be enough. But, there's the Fonz, Henry Winkler, telling them they can stay in the McMansion until they die, just hand over the title in a reverse mortgage. Screw the kids. Problem solved.
So, they're not very happy either. The values their parent brought them up upon have vanished, like water down the toilet. Hard work, loyalty, integrity, worthless. "As long as the market keeps going up," they tell themselves, "we'll be fine."
And if it doesn't, well, they're screwed too.
So, what's a person to do? Depends on your stage in life. The government has a plan for those of you in your 20s and disgruntled. Two choices: Join ISIS or join the military. It's a brilliant construct by the government. Make up an enemy, fund it, supply it with arms, propagandize it to encourage youth to rebel (already in their veins), promote the ideas on national TV, and then fight it. It's a win-win for the government. They get to further erode civil rights, because we can't have free speech with all this ISIS propaganda going around, and who knows who's little Johnny or Jillian might be the next suicide bomber? And, they get to unfurl the flag one more time to get more kids to sign up to go fight a war in a desert to kill, yep, their own brothers and sisters. Brilliant. Cuts down the number of useless eaters and solves the demographic problem of the coming generation, who will know nothing, own nothing, be nothing.
That leaves the older folks, who, have I mentioned, DON'T REALLY CARE. As long as they get their three hots and a cot, they're good to go. They'll live in shitholes, pay taxes, pay utility bills, keep corporate America healthy while their entire world crumbles around them.
The scenario I've laid out is not fiction. What is fiction are the millions of new cars on the roads, all financed with 0% loans or on leases, sucking up gas that's 200-300% overpriced, every day, and the houses inhabited by renters who think they are owners because they pay their bulging mortgages and property taxes. THAT, my friends, is the fiction.
So, the only way to get even partially out of this bad movie is to buy some land, or own outright where you live, grow as much of your own food as possible and STOP WORKING for a LIVING.
Does anybody understand how utterly feudal that concept is? I work for a living, i.e, if you stop working, you die. It's as untrue as the home "ownership" myth and the "retirement" myth.
Get rid of all the excesses and debt and see how much you really need to live. Work from home (OK, I'll admit, one will have to do something productive in order to survive), cut your car expenses by 1/3, 1/2, 2/3rds or more. More time to "do" things other than a job.
The idea, the concept of a "job" is just a few steps removed from feudalism and slavery, and that's what most working-class people are, wage-and-debt SLAVES.
There is the "off-the-grid" route, in which you don't have to actually work, other than tending to your own few acres, but I think there are very few ready for that, yet. It was, however, how MOST PEOPLE lived for thousands of years before us, and how much of the world lives, now. That's for another day, another time.
I've said enough. The rest is up to YOU.
FNE, it is comments like yours that keep me coming to ZH and enjoying the comments sections in addition to the articles... YOU NAILED IT!!!
We cut back, but I have paid off everything.
I stay overseas, make some pretty good bucks, go the PM route with some oil and mining equities, and a lot of cash.
I tell my kids stay debt-free or take on as little as possible. I have all girls. I talked one out of a student loan by showing her how much she would get ripped off. She is working and paying for classes. Another one hooked up with a Sugar Daddy, which I do not approve of, but he pays all her bills. We got into a fight because I told her she was a private hooker. At least she's taking his money. Yuck. I would like to beat the guy's ass, but that would not work.
Every family in the US is getting it up the ass from Bath House and his International Termite owners!!!
Americans know something is wrong, but if they do not study finance or economics or what have you, they will not figure it out, which is why I suggest ZH to friends. It has opened a few eyes.
Carry on, men. We must keep fighting!
Finance and economic "experts" are what got us into this mess.
The myths that are pounded into our heads, that we NEED to establish a good credit rating, so we can get loans, to pay for stuff that we don't need, is the bankers way of enslaving us.
OK, I do not know how to describe it. Study Markets. Don't spend time with the Kartrashians. Read the WSJ.
Jeez, people will not do anything to better themselves. This is how Rome fell apart.
Paper, paper and more paper.
Wall Street is a bunch of moths (those little bugs that eat paper).
Not produce a single gram of gold, do not produce a single grain of corn, and feel the owners of the world.
One day the house falls.
hehe.
Speaking up for the much abused retail: When the Great Stock Inflation started in April 2009, many saw it but few believed they'd pump up to the propaganda-friendly level of a new all-time record. Silly us.
Even those of us who wanted to ride this inflation were held back when we figured out the fees charged on our 401(k) accounts would push it down to a 3% return, no matter how much nominal upside on the market. And would have to eat any losses at full valuation. The math didn't work out.
A margin account at Etrade or Ameritrade would have paid out most of the gains in interest. Home equity loans the same, only moreso. And lifetime savings from the job were pretty much the last nickle, so we channeled the wisdom of our Great Depression grandparents and held tight.
Even in hindsight, staying out doesn't seem so bad.
No more 401(k)'s after 2008.
I learned my lesson.
All I keep is some oil and mining stock, and not a helluva lot of that. At least I do get a dividend that is reasonable. I just opened up my own account.
They are moving towards global central planning f we are not almost there now- except for those evil BRICs who won't join the party.
Imagine that. I've been telling you since Jan. 2012. The markets are graphs of FED software applications.
Duh.
In other words the highest treason has been committed against the United States of America and Capitalism.
Think its time to end the FED maybe eh? I think it is time to storm their offices with swat teams and haul their asses into jail bitchez.
But I'm only one person what the hell do I know. Ok I'll tell ya. Central bankers are like pedophiles. They won't stop until they are locked up.
Castration stops pedophiles too.
I figure the fed, Janet Yellen, is thinking, well if we take the S&P 500 up another 100% then well, the largest companies will start hiring and expanding in mass. There logic is lets say your market cap is 100 billion, we double that to 200 billion and well the CEO's will feel very confident in expanding.
Didn't Soros pick up some SP500 puts?
The little guy's not willing to buy options from the big guys but he is willing to open new option positions to sell to the big guys?
I used to enjoy trading the Emini. I simply won't do it since about 2010. With no volume it is simply too easy for the a-holes that call themselves traders to whip you out of any position that you know is correct but yet, "wrong". With the HFT boyz and the central bank boyz, let them beat the living shit out of each other until the cows come home for all I care. Eventually the free markets will win out. They always do. It is simply a matter of time. If mom and pop actually believed that the recovery was real they would have invested a long time ago. They know that the minute they set foot in this market that is when mysteriously it will fall and of course fall hard. I mean, who would have known???
All that money printed and only one thing keeps going up and up and up. common sense tells you what's going on. Anybody with a baboon can figure out they're covering the super riche. And speaking of baboons then they send out the tan suit to tell us all is ok, the recovery is coming along nicely and my favorite of all we need cap and trade to protect the health of minority children as they tend to suffer most through uncontrolled pollution. We have fallen through a cosmic bunny hole where changed and enforced daily by our lovely government
Central hedge fund.
Just another category for defaults.
Would like to see a few pensions collapse - that should end those 55yr old lazy slobs from retiring from their 40 hour unionized work weeks on 60% of max income.
Put those unionized slobs back to work in the real world like the rest of us.
Taxpayers are already paying for these unionized pension vermin - disgusting.
"Taxpayers are already paying for these unionized pension vermin - disgusting."
Your ignorance is quite disgusting. 30 years as a cop or a fireman isn't enough for you? Reach into that head of yours and swallow a pound of that crap you think is a brain.
Berlin was magnificent during 1933-1940, all while Germany was dead broke. They started invading when they did as they needed resources. The German standard of living was lower that all nations surrounding it and the Nazis moved assets around to give the impression of a powerful nation on the assent. Is any of this sounding familiar?
all too familiar.....