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It Doesn't Get Any Scarier Than This (Literally)
The S&P is 5.5% off its all-time record (triple the 666 lows) highs (and still positive year-to-date) and this happened...
What happens when it goes negative?
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Looking for that link Tom. The last time I posted an Email, 1/2 of Nigeria responded.
It was the House of Saud that recently increased World Supply.
http://news.yahoo.com/video/saudi-arabia-increases-oil-output-181400329.html;_ylt=AwrTccqjaDhUzeoAXG8PxQt.;_ylu=X3oDMTByb3B2a242BHNlYwNzcgRwb3MDMwRjb2xvA2dxMQR2dGlkAw--?pt=BureoF3GVB
However I believe that the target is ISIS.
The House of Saud feels that ISIS is the threat to their continuation of power.
Get ready for $60 Oil. (This, of course, will BANKRUPT Shale Oil Producers in the United States.)
I realize that this price will cause massive financial instability for the Saudis in the long term. In fact what the House of Saud is doing will accelerate and ensure the collapse of their regime. It is really a myopic policy.
But they believe that if they can starve ISIS of the needed revenues to wage war then they can defeat them economically rather than on a field of battle. However what the House of Saud fails to understand is that it does not take revenues to wage war. It only takes OIL.
ISIS has plenty of Oil with the seizures of the Oil Fields in Northern Iraq. Unfortunately, or, perhaps not, ISIS will prevail.
Saudis can annihilate Isis in one week.
They will bomb fighers, civilians, kids anything over them. They do not have US Air Force restrictions of avoiding civilian deaths as much as possible
Respectfully I think that you give the Air Forces of Saudi Arabia far too much credit.
Nobody can win a war through the air. It has not ever been accomplished. It takes troops on the ground gaining territory, or regaining occupied territory.
I am sorry that it is not the case.
Saudi Arabia is ill equipped for a land war against a well armed (with NATO Weapons) ISIS army which has realized repitiious land victories. They are seasoned and well disciplined guerilla war fighters.
If it can be done in a week then the USA would have gone over and kicked ass. But we got trapped in the multiyear long quagmires of Iraq and Afghanistan.
As for killing civilian populations without restrictions...Unfortunately the United States is number one in this regard.
Although I am antiwar I have studied warfare exhaustively.
ALL WARS ARE ECONOMIC EVENTS.
The main reason that the price of oil is down is because the demand is simply not there with a very weak global economy. The price of oil is also down because the dollar has strengthened off of a perceived or real determination from the Federal Reserve that they are finished with QE and will begin to normalize rates. If the Fed in the coming days decides they need more QE the commodities prices will rise while the dollar will become weaker. Does the Fed want to fuck with Russia. You bet and the best way to do that is with a strong dollar and weaker oil prices. The US is not going to give it's reserve currency status away without a bit of a fight and that is exactly what is unfolding.
The banksters will make the crash look like it's beyond their control. " Nobody could have seen it coming"
The hammering in the commodities and especially the PM's is all leading up to this crash to herd people into Tbonds. NO place to run No place to hide. After they've got you into the bonds, they'll raise rates at a feverish pace and then they'll come up with the new currency making the dollar next to worthless.
Gold of course always was and will be the metal of Kings. With silver the coin of gentry and merchants.
Got PM's?
They can't raise rates anywhere except on credit card debt.
Jack Yellen will pop out soon enough and start twerk'n all over the market place! Gonna be a sight to behold!
This shit show is just getting started!
I think she/he should cut the discount rate.
I'll have 2 billion of that minus 3% blue plate special, to GO!
It's like a nintendo game. When it moves left of 1, it goes back to 100.
AMZN still holding steady at 795 P/E.
Just buy this. It apparently can weather any fucking storm.
If it crashes, they can blame it on Ebola.
But what if they show a loss?
Infinity is good, right;)
TSLA suffering a mere flesh wound today of 10%... Still at a P/E of infinity.
Clearly, TSLA is on sale and should be bought...
B-T-F-D
Looks like the RPM gauge on a GM product.
Says it all. Next week, retails bears neck-snapping at hyperspace speed. You've been warned.
But make no mistake. An era is ending.
Thank god I got out of my shorts Yesterday (oops, well at least i caught half of it), but if everyone is fearful the Santa Clause Rally to all-time-highs by year end. Just waiting for everyone at the FED to say "we were just kidding $100 billion QE starts February 2015".
A word to the wise my friend:
Don't bet the farm on it.
BTFD.
The deer has been brought out too soon.
B-T-F-D.
This obviously does not apply to metals. STFM (Short The Fucking Metals)
The deer is now a heaping pile of Ebola infested venison in the tail lights.
You first...
This was capitulation friday.
That is a nice acronym- BTFD but what do you base it on? That everyone in the market is stupid. This is a global economy- have you not heard the troubles in Greece, Germany going into recession, France, Japan, Italy, Portugal- the cooked books of China and the U.S. I mean why would you buy a dip when it is all overvalued based on Federal Reserve actions. At some point the Federal Reserve will have to admit they can do no more or admit it is a ponzi scheme. I will buy after the big hurt- for now I wait on my cash and shiny stuff. Until the markets resemble markets and not hang on every word uttered by the Central Bank gods I will be happy with what I have. There are no buyers for your stock- they all have student loans and part time jobs.
When Fear goes negative , it can be Learned Helplessness . See
http://andreswhy.blogspot.com/2008/05/to-impress.html
http://andreswhy.blogspot.com/2010/12/predator-switch.html
If you are not predator , you are prey in the body's rathe simple fashion .
You can circumvent it by complexification :
https://www.academia.edu/8727245/Ebola_AIs_and_Genius
But mostly , run like hell .
http://andreswhy.blogspot.com/2012/06/how-to-run-faster.html
Fucking ebola driving the labor participation through the floor.
That looks good for stocks.
http://scharts.co/1EEHLEC
well... a rebound could be in the cards but....
Always useful when things get scary :
http://andreswhy.blogspot.com/2012/06/how-to-run-faster.html
Bullschmit. None of the mainstream are really scared right now. They think this is maybe just a correction that has either already finished or will soon enough, only leading to further highs. I don't believe the mainstream is that scared. It's SHORT-TERM oversold, not LONG-TERM. If we have 6 months to 1 year of massive selloff, then I'll believe it.
When you say mainstrean what do you mean by that? Corporate insiders are selling at a rate not seen since 2000. Institutional investors are net sellers in 2014 so far. Icahn and Druckenmiller have been saying watch out for big correction. Buffet has $50 billion on the sidelines. Soros has made a huge bet on a market crash. Student loans are over $1 trillion, 40 million Americans have student loans, subprime car loans at all time high, the workers gaining most traction are over 50- they already have a ton of stuff- they are saving. Wages lower than they were 15 years ago and Ebola. I mean you really have to be blind to not see the Federal Reserve is out of ammunition. QE, Operation Twist, ZIRP- there is nothing left. Escape velocity is not going to happen. By mainstream do you mean the average schmuck? Even someone with an IQ of 10 can see the writing on the wall- you don't have to understand derivatives to know this is not going to end well. If you can hang on 25-30 years to recoup your losses by all means don't worry- be happy.
Let's all just chill out. "Fearless" Pink Floyd. https://www.youtube.com/watch?v=uCgQuj8v2gg
How is that two hour commute working out? Join the FSA and leave your fear behind...
BTFBitcoin.
Last Price $359
I like a lot of your posts. I've got to respectfully disagree.
There's always (2) sides to a trade , * caugh*caugh* (Did I just say that?)
There's always a trade if you have uncontrolled access to microwave towers and printing presses.
downvote free from me*
Meanwhile I've become a millionaire in 2 days with Tinege Coin. Just think. You can too. It's so easy
http://www.tinege.org/
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http://www.vice.com/read/titcoin-is-a-brand-new-cryptocurrency-for-porn-purchases
I like a big ass better than tits. Can I get that too? Just remember though that BTC is unique and valuable.
I agree, a nice ass is better than big boobs. Nice nipples are all I need.
Don't know if there is an "Asscoin" but it will probably pop up before too long (pun intended).
market crash worsens past election Republicans win Senate big
Market comes back before election Republicans loose senate
Please vote in this official Survey!
elections suspended - medical martial law coming to your town
It doesn't matter who wins the elections.
The same people always lose.
The middle class.
Algos don't care about fear.
Algos don't care about fear, but they trade it. Fear drives prices, prices drive algos.
10/19/1987 Could it happen again?
most bullish sign, yet.
http://www.youtube.com/watch?v=4-lbIfaqm0U
If you get ebola please don't cough on Mark Zuckerberg and his wife.
They're too important.
As if fear and greed were mutually exclusive.
Pegging hard!
I heard Quincy Edwards was his first choice, after the raucous laughs that ensued from the bath house Ben decided to tone it down it a bit
Dow declined through the 200ma today for the first time since Feb, and it only spent a day or two there at that time. Dow has not been majorly below the 200ma since 2012, since this most recent advance started at around 12000, there's some support around 13200.
Frankly it's no big deal if it does sink to 13200 and not a huge deal if it goes to 12000, except for people like me kicking my own butt for not selling at the top. Value wise, 12000 seems OK.
So what it is, is Ms. Yellen probably feels she still has about 4,000 Dow points to play with. As QE ends, she can fiddle this and diddle that, and continue her occult support of stocks just enough that it doesn't plunge below 12000 and stay there.
But some further decline is likely, at least short term, and Ms. Y is gonna have to step in or she will see another 1000 or 2000 or 4000 points like next week, market momentum is now as negative as it's been in over a year, and will probably set new recent records for downward momentum before it can turn up again.
I'm already kicking my own butt, just because my general rule is buy and hold doesn't mean I shouldn't be taking some gains at the top, not even mentioning cutting my one or two losers. Ah well, I remain mildly optimistic, I will burn some incense to the Fed this weekend.
Forget the Fed.
Burn a doobie.
greed IS fear
Time to go long!!!
For the time being, my money is staying parked in gold, ammo, and 100-can cases of sardines.
toilet paper id the new gold soon enough.
Could anyone advise me what is fair over counter price for gold coin at local dealer?
Any recos local dealer in north jersey area?
What happens when indictors are very oversold and the market keeps falling? Indicates a possible big drop in the market and the indicator is not working, just go with the trend! 2011 https://www.tradingview.com/x/6ScFcczt/ 2014? https://www.tradingview.com/x/yqmG7k0V/
I don't think the BTD guys believe there will be a crash/correction/pullback on Monday.
There just wasn't a big enough sell-off in the last hour of trading on Friday.
Paper pushers being scared? HAHAHAHAHAAAAAAAA. They ain't seen nothing yet.
The time to invest is when fear is at an all time high, when it can't get any scarier. I don't know if that time is now,, I personally think things can get much much worse, but the principal holds, markets are at their lows when fear is at its highs.
"If you can see, the numbers all go to -11..."
This is Spinal Tap.
Will Yellen continue to let the market crash right before the election and make her boss look bad? I hope so….
Dude.
Yellen's boss's office is at Wall & Broad in NYC.
What are you thinking?
In passing, I'd like to point out that both "The Fear & Greed Index" and "Extreme Fear" would be good band names.
Dibs.