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Markets Turmoiled As 5th Hindenburg Looms
Summing today up in 7 seconds...
* * *
5th Hindenburg Omen in the last 6 days... Breadth todasy was horrible...
* * *
Wherever you look today there was dramatic moves in markets - Treasury yields plunged, credit spreads blew wider (especially HY and more especially energy), VIX jumped notably higher, USDJPY collapsed, gold and silver surged, oil rallied modestly...
But then - shortly after Europe closed... someone (cough BoJ cough) decided to catch USDJPY at 117.95 and lift it miraculously 170 pips to save risk assets from a serious day...
3 hours to get it green
— zerohedge (@zerohedge) December 9, 2014
Mission NOT!! Accomplished...
The entire equity complex ripped higher led by "most shorted" stocks being squeezed and driving small caps to a big day... the Nasdaq avoids its first 2-day losing streak since the Bullard lows. But despite the best efforts the S&P could not hold green
Energy stocks were today's best performers...
Despite the panic-buying v-shaped recovery - on par with the bounce at the Bullard lows, stocks remain red post-Payrolls...
Volume faded away on the upswing as one would expect...
Notably while VIX helped it did not ramp like stocks...
Treasury yields bounced but 30Y remains down 9bps on the week, flattening significantly...
Crushing the yield curve to iots flattest since 2009
The USD slid for the 2nd day in a row... but bounced hard after Europe closed...
But gold and silver surged (and did not lose much as everything ripped) and oil gained modestly...
While the broad HY market is indeed widening, the following chart should give some context (albeit comparing a CDS spread to an OAS is not perfect) on just how totally screwed the energy sector is...
Charts: Bloomberg
Bonus Chart: Who Do You Believe?
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Payroll #s are gonna be bad next week....
.... BUT !!!!!!!! we finished off the lows!!!!1
Thanks to money printing, hft algos, and a criminal federal Reserve buying stocks. Certainly no good news saved the "market" today.
Looks like they suckered all the Russian oligarchs in the market. Now the trend suddenly reverses and Russians are forced in an asset fire sale which will be picked up by ECB,Fed,BOJ
Not going to see Russian grandmothers in Paris for a while.
But we will see banker-ka-bobs - http://www.dailymail.co.uk/news/article-2866973/Banker-dies-impaled-railings-60ft-fall-central-London-home-door-John-Lennon-s-former-house.html
.....and justice for all.'
There is a great disturbance in the Farce!
I believe this would make 37 dead consters to date?
How many times are people going to fall for the market collapse is coming head fake? Have they not provien by now that they aren't going to allow the market to drop too much? There are too many people getting rich off the stock market and that's the one thing that could awaken the sheeple. Pensions won't survuve and all hell will break loose. That's why it won't happen. Therefore, all dips should be bought and the profits should be diverted into physical PMs.
There will be a currency collapse before the stock market collapses.
I just love all those squiggly lines when there are all different colors and shit. More colors must be good, right?
Chart porn on acid...
DaddyO
Distraction time: CIA torture report is here
http://www.bloomberg.com/politics/articles/2014-12-09/the-most-important...
Where does amerika get such men?
"Some of those involved in torture had “workplace anger management issues, and had reportedly admitted to sexual assault,” according to the report. “In nearly all cases” the CIA knew about the negative aspects of the officials record before they were assigned."
that was the experience CIA was seeking.
the whole "department of defense" is about getting jobs to sociopaths to build wealth the old "conservative" way....pillage and plunder...
constitutional lawyer sits in the white house and we have constitutional rights to trial (aka. habeas corpus) ignored.
because obama is not your lawyer but the elite's lawyer. they needed constitutional expert to defend themselves against guantanamo's legal liabilities. Obama is paid to come up with the excuse and handed him power as plan B.
that's how it works folks.
"NEW WORLD ORDER" has NO legitimacy
dead banker 37? http://wtfrly.com/2014/12/09/dead-banker-37-london-banker-impaled-after-...
that's just some greedy moron who went all in for buying call options on oil futures shortly before Saudis announced defiance against OPEC.
but for every trade there is someone at the other side.
I wish someone at the NSA or GCHQ would leak all the banter and deals between the trading desks..
of the Central Banks.
No This time isn't like the other times. It's diffe
http://y2u.be/tOW5eljyjms
If +1.7% on the Russell 2000 in a day is "turmoil," I sure don't want to see "crisis."
37 this year.
"Tortured Iraqi insurgents" is a great resume' item when applying for a law enforcement position.
Yeah, yeah but all that matters is that Bush and Congress knew nothing, NOTHING!
Edit: This just in. It turns out it was just a couple low level people in Cinncinati.
they deliberately recruit such men.
mmm smexy
If everyone is programmed to buy the dip, who needs algos?
algos for flash trades
We head faked some folks
I'm certainly not disagreeing with you, but aren't rising bond yields much worse for the TPTB than a falling stock market? Presumably, if and when they were to allow the stock market to fall, they would already be positioned short, right? But it's pretty safe to assume that the interest rate sensitive derivatives that they hold can't really be hedged or dealt with in a rate rising environment, isn't it? Can rates stay where they are or go lower *and* the stock market continue to levetate up? I suppose if we are to assume that money in other countries starts to flee and it finds home in the US that it will find it's way into both the stock and bond market which would accomplish this.
There's the mystery. There's the rub. Will DEFLATION occur limiting average people from the stocks while they still go higher due to back room FED involment? Or will inflation occur similar to third world countries stock markets that go up and up and up and up? Will Obama come out and tell us the truth that he is gay as a rat coon?
Personally I believe we will be invaded by the Cyrian galaxy located around the Andromada galaxy whom will put a stop to all this.
for a few virgins. (sigh)
We lost all of our virgins to the volcano gods. They ripped us off.
Gee , yeah SilverIsKing I always sell on the peaks and buy on the dips as well , but pls don't explain to the plebs and peons how easy that actually is to do though. Your secret is safe with me.
Far, far too few.
Yes ,, off to a great start still lots to do,,,
"Let It Go" - by Janet Yellen
http://www.youtube.com/watch?v=L0MK7qz13bU
The bloomberg glows red on the market tonight
Not an uptick to be seen
A kingdom of isolation,
And it looks like I'm the queen.
The wind is howling like this swirling storm inside
Couldn't keep it up, heaven knows I tried!
Don't let them in, don't let them see
Be the good girl you always have to be
Conceal, don't feel, don't let them know
Well, now they know!
Let it go, let it go
Can't hold it back anymore
Let it go, let it go
Turn away and slam the press!
I don't care
What they're going to say
Let the market rage on,
The old joos never bothered me anyway!
It's funny how in my ivory tower
Makes everything seem small
And the fears that once controlled me
Can't get to me at all!
It's time to see what I can do
To test the limits and break through
No right, no wrong, no rules for me I'm free!
Let it go, let it go
I am one with the power to print
Let it go, let it go
You'll never see me cry!
Here I stand
And here I'll stay
Let the market rage on!
Thanks, now I'm going to have this in my head all night.
To be fair to Janet: her and Bob have been pretty damn consistent on the range and exit strategy. And the buybacks & tax inversion gimmicks did stop in biotech's when the froth was getting a bit stupid. So.... net/net I would say the Fed is learning on how to give forward guidance. And on average, guidance bands have modulated expectations vs. the old Greenspan "put" era where the color of his tie was bullish.
She was called in to soft land, based on her thesis & work with her husband; and sofar it could have been way worse. Google what Larry S. plan was for exit policy. He was full on dove ++ until it was clear Obama would have never nominated him due to a lack of creditable policy points and no support from the Romer's. If we get a 87 crash in 1Q ? Awesome, bears get 2 weeks of raging hardon and markets catch down to oil. And oil snaps back up to 75 on the credit wave. If not and the market can support 4 + 200 bps on margin accounts (and prime leverage to punters); then we "may" get a 93 style rally.
Worst case? QE gets restarted and Obama is straight up told, he needs to restructure the tax code or leave behind a triple-dip recession for Hillary to "inherit". Which I'm sure will go over swimmingly well.
there is no soft landing.
best to let the crash happen FAST. let the market crash, but then immediately pump it back up within weeks. Then people will think, so I lost half of my equity but will wait it out then sell when I make par.
Repeat.
actual value is not going anywhere but people will keep the status quo based on the rollercoaster's speed.
Anyone watch the Nikki this morning?
(Its been lulzy)
So how many hippyburgs does it take to mean anything. 20, 30 or 50?
Anyone here knows the free market is gone, or really never existed in the first place. The wizard behind the curtain has control of the show, so why worry.
I know shitloads of people that have made big in this ponzi market while all the goldbugs are burning thru 10 pairs of underwear a day.
Smoking hopium in a gold pipe does not make any difference.
We are still sitting right and while we do our best to break these markets and force them to return to real price discovery you be sure to enjoy your riches with your friends because, while you do, remember that the destruction of price discovery is what paid for it all and generations to come will pay for your greed.
You may think you're just doing what you have to to get along but you are in fact participating in a system that will eventually enslave you and your children.
Knowing it's a fraud and making money off of it is far worse than ignorantly throwing your money into it. If you understand this fraud you have to do something about it. I choose to stack and try my best to educate while you'd rather use the knowledge to sell out the human race.
Hope you like the worthless paper and the ass raping that awaits you in hell. Youll deserve whatever you get it as it all comes back around eventually.
there is no hell and everybody eventually sells out.
now what?
I plan on stealing Lucifer's matches. -and get kicked out of hell.
nothin, you are already dead.
now what?
Educate the people on the solution:
"Once a nation parts with the control of its currency and credit, it matters not who makes the nation's laws. ... Until the control of the issue of currency and credit is restored to government and recognized as its most sacred responsibility, all talk of the sovereignty of parliament and of democracy is idle and futile." -- Mackenzie King, Canadian Prime Minister 1935-1948.
http://sovereignmoney.eu/
If I thought like you I would just cap ya and take your shit. Not a very nice thought is it?
Interesting point, but the only way Ruffmuff loses any sleep is if he drinks 18 espressos right before going to bed.
Yep. Went out in 07, never to return.
The Hindenburg is an indicator based on the premise of real markets. Since those don't exist, the Hindenburg is about as useful as a solar powered flashlight.
Actually solar powered flashlights are pretty sweet, I own one.
Ok, so let me see, another oxymoron. Useful economist? President not controlled by Shadow Government? Israeli Ally? Altruistic Banker?
You missed 'good government'!
........military intellegence.
.
They fucken rock, dude. They can run all day long without recharging.
he just didnt notice the solar panel is linked to battery for a night using.
about economy, i am not sure to figure how far his understanding is.
keep walking westward and dodging thunderstorms & they seem to hold a charge forever.
Someone needs to build a solar powered bullet train that does this travels at 1,040 mph.
I see your solar powered flashlight and raise you a night vision scope they rock even more.
A solar powered night vision scope, now that would be the shit!
Sadly, you are right. The Hindenberg existed when markets actually had a trap door. QE has taken that away.
We are now Japan. It will suck.
I'm still interested in knowing when the Hindenberg Omen used to mean something and when it stopped meaning anything; and how many failed Hindenburg indicators we've had since then. It still has a tiny bit of value as an indicator of "fucked-upped-ness". It just doesn't indicate what it used to indicate. We need to modify our expectations and analysis accordingly. "I love the sound of Hindenburg Omens as they go whooshing by ... "
Are they becoming more extreme? Are they becoming more frequent? Hell, maybe it is just a waste of time but I still like to know the nitty-gritty.
Want a reliable indicator? What company subcontracts to the NSA to provide taps on Jamie D's phone line??? That should give you some good, reliable indicators ...
dude, shouldn't that be "fucked-up-ness"?
"Fucked-upped-ness" - in the same category of words as "Fucker-Upperer".
Damn took me a long time to justify that one!
Today I agree "markets" probably never existed.
I'm to the point where I think there was no crash in 2008, but a controlled demolition to accomplish very specific goals.
I mean, the plunge protection team was operational in 2008, right? So how come we saw those 700+ down days?
It does not make sense.
Anyone read "The Creature from Jekyll Island"?
Remember the "worst case scenario" at the end of the book. In that chapter, G. Edward Griffin talks about a massive market "crash", which would be followed by markets that would never, ever, be allowed to fall....
I wonder if that's where we are.
blaireauhedge
Interesting post; so let me take a shot at couple things you said.
First Thing:
The problems with our economic models it is man-made, lots of flaws. So, to disguise the flaws they lie with a ton of arcane academic jargons and bogus charts.
Then, by you looking stupid, because you can’t understand what they are talking about that empower them even more. So they go for the indoctrination by repeating ‘overusing’ words such as Free market knows best, ism this, ism that.
Second Thing:
2008 crashed happening because too many (subprime) people were participating. And that is a NO NO for the PPT. To risky.
The passage on the book that you referred is pretty corrected. That won’t be a massive crash. It will be something a lot worse; that leads to my
Third Thing:
Military Coup D’état on the BRICKS (K and S are for Korea and South Africa). If it works, Putin and China folds.
Got it?
There's a ton of money to be made selling crack and pimping girls too, bro-doesn't mean I want anything to do with it. At some point you have to look yourself in the mirror and decide if you stand for anything at all....or are you just about the Benjamin's? The markets are run and, largely participated by, criminals. I decided long ago that I was either going to be a successful stock broker or a good man- cause I couldn't do both. So I chose the latter. Gold is real. It's pure. It represents all that is true and honest in respectable societies. If you are looking at PM's purely for speculative reasons, you're missing the most important part of being a gold bug.
I think it takes five Hindys to make one Duesey in the market, as in upsey duesey or, that one was a Duesey!
You still hear people talk about Dueseys in Chicago, in the neighborhood joints where folks just yak and laff at the bar with no pretensions...
Dollar collapse will inevitably follow market collapse, so, the fiat based "riches" of deluded daytraders will count for little in the end...
Where's the deer? Time for the deer.
.
I saw it not too long ago tied to the hood of a 1979 Impala.
.
Very true (and the urgency of your truth is duly noted).
What we are experiencing is known as a Burning Hindenburg Bounce®, which behaves exactly the way a dirigible conflagration doesn't.
Each time it touches the ground, someone gets burned, and the screams of agony release enough hot air to push the flaming Zeppelin carcass back into the air. The supply of victims on the ground isn't limitless, though, so with less screaming, today's bounce wasn't as high as previous ones.
You betcha. Why, 19 out of the 20 Hindenbergs signalled that they might signa again.
Excuse me while I bathe in my future.
Payroll #s are gonna be bad next week....
I thought payroll #'s were last week?
the panic is palpable. whistling in the graveyard aka the NYSE.
but the metals, patient and sentient love the frayed nerves, the uncertainty.
it ain't the 90's anymore. that's gone for good. welcome to the reckoning.
I don't think one can say any governmental or quasi-governmental data is good or bad, because it is fabricated to influence a desired reaction or serve as a pretext for a planned action.
credit always knows....
this shit is hilarious.
the fucking nasdaw goes from down 1.20 percent to up 0.54 percent on nothing.
the s&p down 25 handles at a pt finishes flat, and the dow down 230 at a pt finish down 50 fucking pts.
i guess china is fixed and shanghai composite should regain 5 percent back overnight.
nothing effects this ''market''.
guarantee by end of week,maybe by tomm, they smash gold and silver back down, bc cant have a positive week for the only thing worth a god damn thing, but the s&p will fucking keep going up.
sick of this joke already
damn skippy...
another completely farcical display of how fucked up this country has become...
yeah, and as it relates to 1 of the only 2 forms of real money, look how hard it had to fight goin into the close to settle above the 17 phony paper price handle...
despite -
"UPDATE: The U.S. Mint sold another 187,000 Silver Eagles today, bringing the annual total to 43,051,000.
In addition, I believe sales of the 2015 Silver Eagles will be very strong in the beginning of the year."
http://srsroccoreport.com/new-update-silver-eagle-sales-surpass-2013-rec...
Man, you are so right. Love your post. And I'm also sick of this shit. "Markets" Yeah, right.
Do these "omens" even matter in this "market" doe? This is starting to read like KingWorldNews...
And just imagine, this will be like every day from here on out the rest of our lives.
It's the Brave New World of Investing/Trading.
Sometimes, it's almost tempting to just take the SOMA and enjoy the ride. None of the "old/real" methods of valuation matter any longer. Goal-seeked targets are probably called before the trading day starts, and certainly by 3-p.m.
The government reports fake numbers, and fake media reports fake numbers---along with soothing dulcet tones of how federally mandated awesome everything is.
Look at IWM...it had the whole fucking move from Oct. 27th to Dec. 8th in 5 Fucking hours today.
Perfectly normal.
Fukkin Crooks.
but but but, we just had an enormous gain in job creation and unemployment numbers are way down (/sarc)
Off the lows bitchez!
fuck the hindenburg omen, sick of this garbage - put it in the Elliot wave trash bin
Tell me about it. I feel like a battered housewife watching these markets.
I guess that these metrics no longer work in a fake economy?
That is exactly right. The old metrics no longer work because the formula has fundamentally changed.
.
But, but, but the market told me it loves me, and it promised it would change.
Yeah? Well screw all that Oprah shit. I'M about ready to torch the fucker, ala 'Burning Bed'...
There is an old geezer with a green eyeshade in the sub basement of the Treasury watching a tic chart and making buys on a landline with money thats freshly printed a couple of doors down the hall.
It so easy even a caveman could do it.
IF CBs_are_manipulating_shares THEN
TA = non sequitor;
But then - shortly after Europe closed... someone (cough BoJ cough) decided to catch USDJPY at 117.95 and lift it miraculously 170 pips to save risk assets from a serious day...
God's will. It's so easy.
yep, its like clockwork. "someone" is getting more and more blunt by the day. they have gotten away with it so long now that they simply do not have any fear of the real market anymore......
Are you afraid of the boogie monster? Kinda hard to be afraid of something that doesn't exist...
sorry to any of you religious folks...
Can someone explain how Japan benefits from these actions? I am not certain. Thanks in advance.
Don't need to be able to explain jack shit, like every other thing rigged in today's markets, most things can't be explained.......at least not from a sane and logical stance. All you need to know is that the little guy seldom wins the game in the rigged casino. Prepare accordingly.
arby63
Because Japan decline is ahead of the US; and because Japan is nothing more than a vassal state.
Actually, add Europe, too. Does the third largest foreign holder of US treasuries ring a bell?
I think the idea is the create inflation to decrease the price of exports, increasing demand for japanese products and creating jobs.
It doesn't work so well when your two largest customers, usa and europe, are trying to create inflation too.
"Can someone explain how Japan benefits from these actions? I am not certain. Thanks in advance."
Japan and Europe are being sacrificed on the altar of Wall Street, The FED and the Pentagon.
I always find my head hurts when people say things like 'Japan (or any fiction called a country) benefits.
The 'Country' really means the rich and connected who happen to live at that address.
The rest of us plebs are irrelevant in this.
"If the market will not willingly take our QE, we will rectally feed it!"
Can we just have the Ebola, medium rare, instead?
according to ZH, we were all supposed to be dead from that already.
You see, Zombies don't procreate, but they don't die either!
And they have insatiable appetites!
Zombie economy!
Everyone knows that modern hindenbergs are piloted by candy shitting unicorns dropping$
i know, we need a new indicator lets call it the kardashian ass indicator. if in a 72 hr period some news is not reported about the kardashians. the market will correct by 1% within a 30 day period, unless a kardashian doesn't have a period in which case it will correct 2%.
brilliant
Using 3D printer to print out the magnitude of this rally into staircase could just bring human to set foot on Moon by climbing up the stairs.
I love chart porn. Need to get a bumper sticker.
The Romans used chicken entrails to 'predict' the future. At least they got to eat the chicken.
(Animist) Nagas did the same thing. They'd tack up the entrails to the front of the house, how they dried and cracked foretold the the coming year. I guess when you're an animist, you have to constantly be looking for auspicious signs. My ancestor's were no different looking for signs of future weather in a persimmon seed....
Today I passed a turd that was so long, it came out of the water-what does that mean?
Number 5? The Hindenburg Omen seems to be losing it's significance.
Now a Zeppelin Omen, that would be significant. I'd buy tickets to that.
What’s a “Zeppelin Omen”?
Is that where Lee Remick replaces Robt Plant on vocals, and they use real Satanic symbols instead of fake ones? The voice would be higher-pitched, though some suggest helium was used by Plant on Houses of the Holy -- but the Hindenburg was filled with hydrogen (hence its fiery fate). Aw, Hell -- now I’m confused. Just fall in line and buy the All-Time Highs, along with Taylor Swift’s new record . . .
Hey KCS, OT with this thread BUT does the weekly on IWM look like a fucking handle about to break out? Say it ain't so??
Never been a big believer in classic chart patterns, which had spotty usefulness even in the first great age of TA. HFT has made them even more extinct (not the recent 'head and shoulders' failure and uber-ramp). It just seems that, for the Russell more than any other index, maximum pain will always be flirted with, again and again, before it makes its expected final move. It seems powerful players have a vested interest in keeping the annoying horizontal pattern since the Japan Gap up alive. They know if top-end stops are hit they'll have a windfall squeeze day, but IMO the Russell won't lead any upside breakout this time, but would certainly follow any year-end S&P surge (at least temporarily).
Interesting to see if yesterday was simply machines ambushing shorts that had been building positions since 11/1 before a correction, or big longs keeping it afloat.
..
Starting to get the answer today i think. Its possible that a levitation is possible between now and year end but im agnostic either way. Ur right on the iwm being the proxy index for crook bastards for whatever reason. I mean shit, a 3 month move in 5 hours yesterday. Gimme a fukkin break. As always i appreciate your insight.
We're all just sitting in the back of a speeding bus with drunken crazy teenagers at the wheel.
Actually, we got on the bus because there was a responsible driver, but he had a heart attack and a crazy teenager took the wheel. So now we can't get off and just have to pray the crash won't kill us even though we never intended to be on this ride in the first place.
.
Yeah, well, it wouldn't hurt them to pass the nitrous oxide-carbureted bong back this way every now and then.
I hope they don't spill the chloroform.
from Tom Wolfe's Electric Kool-Aid Acid Test, per Ken Kesey:
"Now, you're either on the bus or off the bus. If you're on the bus, and you get left behind, then you'll find it again. If you're off the bus in the first place — then it won't make a damn."
I live in a town where two of the Merry Pranksters currently reside.
Bailouts and screwing bond holders is the same as a subsidy.
A MASSIVE subsidy actually.
As pricing itself collapses so must the debt. Don't get me wrong..."free energy" is an "unalloyed" good. So are "free cars from GM." But any collapse in actual prices says to me you have to "re-equate" the recovery to debt ratio.
In short a "jobless prosperity" combined with the biggest energy boom in human history equals a default as people run to actual dollars instead of unplayable/unpayable debts.
This is not an "end of the world" call. Just saying the company that restructures the debt does get the ownership stake in the company.
In theory there is a lot of equity on the table here. We certainly are not in a bear market...
Their manipulation is not natural and this will all end so fucking badly.
IS THIS FUCKING SHIT SHOW DONE ALREADY???
FUCKIN A
CRIMNALS, DOUCHEBAGS AND BASTARDS RUN THIS TOILET FULL OF SHIT.
I am confused. I read Martin Armstrong and his reasoning makes good sense. Stocks will go up as money seeks an alternative to the sovreign crisis and the government bond bubble. Third quarter of 2015 TSHTF. Other sites visited seem to target that timeframe also but perhaps with different reasoning and logic.
It's a roll of the dice with my meager savings. It just doesn't matter but it makes great reading.
Rob from the rich, they really aren't as smart as they think.
Gold Bitchez.....I pick up pennies
If the market dies the traders have to find new jobs; and the economists.
Maybe the normal people will go back to then running the real economy and not the banks who own the market as it is. (Not as this liberatarian zoo wants it to be), but that it can't be as the TBTF/TBTJ/TPTB are all on the same page and should all burn when the market burns like Atlanta in Gone with the wind.
That wind is a recurrent wind; and war is a game that becomes impractical when the money line dries up.
Free money for the 1s ... Ain't it great
If you keep on painting a rotten wall to cover it, eventually there is no wall left, just paint. That is what we have, a thousand layer of paint economy. As long as nobody goes up and touches the wall, we can all pretend there is some structure there. The first person who touches it will put their finger right through it and for fun will tear a big hole. Then everyone will run to tear an even bigger hole because the rush to get in on it will be unstoppable.
Sales everywhere are horrendous. I wonder if corporations are issuing debt to buy their own products through shell companies, along with purchasing shares, to boost "profits". Wouldn't surprise me. In fact I know it has been done in the past.
I just sat through a sales meeting at a major corporation. One that supposedly does $11 billion a year in sales. I sat through presentations from four major departments within the corporation. I totaled $475 million in sales from the presenters. The largest percentage of sales in the company comes from a department that did $225 million. I'm trying to figure out where the other $10.5ish billion in reported sales comes from. The other divisions don't bring anywhere near the best department, so where does the missing reported revenue come from?
It's not like you are talking about finding a few million, THIS IS OVER 90% OR REPORTED REVENUE MISSING ADDING UP TO BILLIONS.
The answer is it isn't there, it doesn't exist because it can not possible exist. Wall Street inflates the value of corporations by factors of 100s. The corporations must meet these values so they just make it up. They create revenue by transferring inventory back and forth and counting the sale each time. They use future bookings to report revenue that may never materialize. Just massive fraud everywhere. There is no way corporate profits can increase to the point they have without sales increasing. Booked sales have been nearly flat since 2009 and cost cutting alone can't explain the surge.
Wall Street put a $3 billion per year valuation on the product category my previous employer created. The total sales for the category were $55 million. Let me ask the question how the hell $55 million is going to turn into $3 billion? Because some hedge fund wills it so.
The US economy is easily inflated by at least $12 trillion. The reason is to keep the debt to GDP number close to 100%. They will keep inflating GDP falsely to make it seem like the debt isn't as big as it truly is. Just as corporations will keep inflating their bullshit revenue to protect the stock market's lofty valuation.
Dude, it's called 'creative accounting'. I think they teach it at Harvard where they often feature guest speakers like Ben Bernanke and Mr. Rubin and the like.
Havard Business School doesn't teach accounting...only "networking". Hi-yo!
I actually think that this might be factually correct.
You really know how to ruin the Holiday Season.
Gold Bitchez...I pick up pennies
Perhaps you conflated market cap with market sales. I mean, these corporations must report to GAAP standards (guffaw!) or all the bank strezz tezt are just fiction!
If i was a rep in this firm I would take commissions on Billions of sales... maybe they are using lease accounting sales rules. They allow lots of "inflation" in actual, sanctioned reports.
Meanwhile on the MSM more Waltzing Matilda stuff :
http://www.businessinsider.com/oil-prices-gdp-growth-great-news-2014-12
huff and puff to see the house falls down or hold my breath and see the beanstalk climb to the sky, which way does the wind blow?
I can't breathe ! I'm breathless !
I repeatedly ask why and how did I get so lucky to be the fucking type of asshat to take the Red pill. I guess I can thank genetics and a good upbringing for that. Ignorance is truly bliss.
What is the best way one without access to a Bloomberg terminal could monitor HY Energy Credit?
I....can't.....breathe.......
I find the grand daughter's set of 'Gilligan's Island' discs a great help in trying times like these. Watching Maryanne pedal that washing machine just calms me down somehow.
$15 delivered, it's a great investment.
Nasdaq +1/2 percent BTFD
january is looming.
the SuperBowl Predictor will save us!
ZH you are wonderful, but stop looking for signs of a market down turn, if the market is manipulated as you say, signs dont matter.
I just made a chart of how boring charts are.
Ben there Bernake is falling down drunk drunk on a yaught someplace singing these lyrics. "The markets get knocked down, they get up again, they are never gonna keep it down."
https://www.youtube.com/watch?v=2H5uWRjFsGc
It won't stop until he sobers up, and or falls off the yaught and never gets up again.
Wot is a yaught?
Is it not like an ought?
ZeroHedge's wot we have got.
A yaught is a dry docked yacht. There is no c, just u in the boat
Redneck Dictionary: yaught
"Yaught to see what kinda beer Billy Bob is bringing! He best not bring Butt Light!"
True Dat!