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S&P 500 Surges To Record High As Black & Yellow Gold Battered
Who was buying today? Were they feeling lucky?
Stocks went up - again - with the Dow extending to almost 900 points in 4 days and pressing towards record highs...and S&P 500 hitting new record highs. At the same as bonds rallied back close to unchanged, USD was bid, and commodities collapsed led by Silver and Crude.
S&P closed at record highs but missed out on intraday highs by 1 point...
This is the biggest 4-day surge in over 3 years...
with everything up 5-6% off the pre-Fed close... in 4 fucking days!!!
Who could have seen that coming?
S&P record high needs USDJPY > 120. Let's do this Kevin
— zerohedge (@zerohedge) December 22, 2014
As USDJPY did indeed lead the way - as 120 was all that mattered
Because Fun-durr-mentals...
Trannies love lower oil prices (and higher ones)...
Energy and Utes sold off but Tech surged and homebuilders rallied 0.5% on the back of a total freaking collapse in existing home sales... very bullish
The USD rose notably from the European Open to the US close...
Treasury yields roundtripped with 10Y and 30Y unch by the close...rallying during US session
and the decoupling since FOMC is becoming a joke... in Treasuries...
and crude...
Credit notably unimpressed today... HY spreads closed at the wides of the day as stocks ripped to record highs
and shorts set out positions today again too...
Commodities were clubbed like baby seals with silver and oil synced... mirroring The USD (with plenty of beta)
Crude continues to swing between $59ish and $55ish...
Charts: Bloomberg
Bonus Chart: Stocks losing their FX Carry pillar of support...
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Been buying for years...still to be proven right.
Gold, silver, brass, lead and land! Fuck you Obama!
So there's this guy sitting on street with sign.
"Broke and hungry for Christmas. Will work for food."
We stop and ask him.
"Do you know any Python, Perl, PHP?"
He looks at we in confusion and asks, "what is that?"
We turn without speaking and keep walking.
https://btc-e.com/
Ya, saw him too. His name was Fonestar. He had his cock in his hand and was chewing gum. Poor kids sunk all his savings into Bigcoin.
fonestar is always cockless sans bum. Bitcoin rally to $3,000 next. You ready chumps or you got sorry sign for street?
Today marks the third of four TOMO auctions with a maturity date of 1/5/15. $149,500,000,000 so far with that juicey .1 rate.
TheAnalOG, nope-1004
You're both sounds like idiots.
We is not idiot. We is an idiot! And fuck we!
Let's discuss, mindful that the second link is to a Bitcoin conference, not a Bitcoin replacement conference. If this guy is right, in other words (and he's obviously got the credentials), this could be the breakthrough we've been waiting for ("we" being those who understand how revolutionary Bitcoin — or rather, its underlying blockchain — is):
http://cryptobizmagazine.com/daniel-larimer-ceo-bitshares
http://bitshares.org/talks
Need to do something with QT client for shirley. Thing sucks resources almost as badly as it sucks at syncing with peers.
And stocks were up again.
There.
Just cut and paste for the next 365 days.
And stocks were up again.
There.
Just cut and paste for the next 365 days.
Escrava, their are ways to use they're or there, and they're are ways to use your or you're. An idiot and a mirror go hand in hand in this case.
Yours welcome.
PS.... Leave Fonestar out of this. Attack me only. I have resources, but Foney doesn't. Poor kid sunk all his savings into Bigcoin.
Excreta is still picking his nose wondering WTF - their making fun of me?
nope-1004
I went back to correct but it was too late.
I was calling one of you, then I add the second name and I forgot to change the post.
But thanks to point that out because English is my second language.
I did not bring Fonestar name. My comment was not intended to Fonestar.
And thanks.
fonestar (and gh0atrider) were killed but the same process has now forked we, "TheAnalOG". AnalOG is brilliant investosopher, please listen to TheAnalOG.
I hear ya. I have two licenses: One for automobile and one for flying planes. Been driving now for 40 years and flying is my second passion, used only intermittent. But since I fly only intermittent and it is second to driving, I have the balls to claim that ALL PILOTS ARE IDIOTS.
lmao.
Nice try, troll. Like others have said, go back under you're rock.
Fuck we not even inhabit non-virtual realms 0x28 yrs you old man! Who you fucky fuck now with your trucky truck?
“The difference between mediocrity and excellence is often a matter of effort.” ? Diana Waring
have you ever written ANYTHING substantive on your own? Like once, without referencing superflous and usually taken out of context quotes - that the faces of such authors would surely blush?
Escrava, idiot is the commenter with no sense of humor or passion for what they say. you reek of book smarts and no I have not seen your red stapler.
Well, when I walk by and see that someone "Will Work for Food' and you're sitting next to them with 'Will Code for Food' - Thank your lucky stars there are shelters and places that have empathy for those less fortunate.
I could put that other person to work and supply a fine meal - in your case, pretty sure you'd find yourself shit-outta-luck.. screaming in the middle of the night, "BUT I HAVE A DEGREE!!!!!"
Not quite, there is no use for physical labourers in the great technocracy we hurl ourselves towards! You are a member of the technical elite or you are dead in the water!
BUY BITCOIN OR DIE!!
I have mastered the portable word processor and copy making machine. I am about to take classes at the senior learning center to learn how to operate fax machine. I would like to learn how to by the bitcoins. Do most vending machines take them?
Analog -
1. Fuck you.
2. All he needs to know it what BTFATH is and he wins 10/10.
[Ignore]
There is only one logical thing to do, now that PM's are at their lowest in years: Sell them. lmao. Rumor has it that's what Russia did, a nation with a trade SURPLUS, not a deficit, and a positive balance sheet.
The propaganda machine is in hyper mode. Looks like next up is a tangle with N Korea.
I'm so glad that I stayed out of the paper market and bought gold at $1,900 and silver at $47 like all of the Austrian School blohards recommended.
/sarc
I took a lot of heat for not buying into their doom hyperinflation fears and here we are 6 years after the bailouts.
You preppers out there might want to start eating your storable foods before they spoil.
For "hedging" the blohards on here did a terrible job.
Shame on those "blohards" for expecting some sort of sane market fundementals...
"The future ain't what it used to be." -Yogi Berra
"The future is what we make it" - The Plunge Protection Team
Hard at work painting the year end charts because 'Perception is what matters, not reality'
Random distraction from the hopeless, deflationary, very Dickensen Xmas many are looking at:
http://www.ebay.com/itm/291329129292?rmvSB=true
To get back on topic, Saud is likely pushing for some blowups. $20/bbl on the brent is a bit beyond the total production volume of even a 40% collapse in demand, so it would be at best an emotional dump & pump. Storage arb would kick in around 47/bbl.
It's hard to make predictions, especially about the future. It gets late early this time of year. Solstice, you know.
Hey doc, i'm so glad that you're fast approaching your 12th and final life regeneration...so we don't have to listen to your objectional, self-centred ass for much longer.
There has been unprescidented inflation, its just been confined to financial assets. But what do you think happens when people finally sell their positions and that $4 trillion in artificial market cap added to the S&P now enters the real economy?
See - like all these fuckers that come on here bitching and complaining and enlightening the community with narcissistic diatribes and all their dilusions of self importance - on your question - they never have a fucking answer. EVER which makes their attendance here all the more pointless.
There has been unprescidented inflation, its just been confined to financial assets
Well, I guess at $80 you can call a rib roast a 'financial asset' but I think that's stretching the point. Inflation is pretty damn bad in things like FOOD but I guess that the finance types don't do their own grocery shopping and wouldn't notice.
There is no place for these metal in future. Only Bitcoin.
GET MODERN OR GET FUCKED!!
GFYS!
NYGFYS!
A new low for a new high?
Battered gold? Finally, we can finally eat it!
Only if you're willing to soil yourself rotten.
It got battered we smacked her around too much, she hide out in care facility house from we Bitcoiner.
The gold astrologer says second half of 2015! Boom.
http://www.kitco.com/news/video/show/Outlook-2015/865/2014-12-22/Strong-...
-----
my own gold stock project
yeah, jed clampett's investment must be hurtin' about now.
time to sell the house with the cement pond and move back near to the kinfolk?
I bought in 1998; I was wrong for three years. Not bothering me much at the present time, tho.
a friend recommended gold to me on Feb 3, 2003. gold was selling at 357.50. He was not wrong... and he will be proven right again when QE4 begins in April. just look a this chart, and notice what has happened every time this metric nears 1.5:
http://research.stlouisfed.org/fred2/series/T10YIE
QE4EVA... Nothing is over! Nothing! You just don't turn it off!
https://www.youtube.com/watch?v=xTgXnDZoYNA
Thin market trading usually leads to this. Bitcoin looks pretty strong, though. The rebel's portfolio is still a pretty fun place to be.
Rigged?! Everyone should go watch the recent Chris Powell interview on Greg Hunter's Watchdog. The title says it all:
http://usawatchdog.com/central-banks-secretly-controlling-all-futures-pr...
Also, don't forget for the past couple of years the yearly lows for silver were the end of December. It looks like we're setting up to have a repeat!! So wait until Jan 2nd to make any buys of mining stocks or bullion trades to get in at the lowest possible price (that is until the crash it again!).
B&Y Gold battered = "Must not let BRIICS back their currency with B&Y Gold"
-TPTB
Of course, if they did (back it with B&Y Gold), then it would cause a Crisis in Confidence in the fiat currencies that don't.
Who's gonna break the ("No asset-backed currency!") Jedi Mind Trick first, and make the JPY and USD go super-nova?
i know what you're thinking...
don't underestimate the future value of lead.
Rigged, naw - markets always always go up up up.......
shocking...
now add that fucking sarc thing...
Kevin!!!
https://www.youtube.com/watch?v=4DgbUBoxa48
Ha! +1
Kevin is soo the man!
So appropriate that you have this "punk-ass" Zionist Jew loving bitch's movie clip as cover for this read!
Keep the "down arrows" coming...
I didn't realize we had so many Chris Kyle fans on this site and the Hollywood ball sucking and circumcised dick licking whore of a director who (volunteered for money) to do the honors for the autobiography of a psychopath that loved killing so that he could break a record in the murdering sniper department before he met his great reward? What a contrast to the character he played that made him as "Dirty Harry" that I thought cleaned bums like Mr. Kyle off the streets of his city and more importantly his Country!
This is even a worse movie than the "Interview" for all the reason we already know!
I'll say it again. Why didn't you preserve what honor you could have had left Clinton to tell the story of a true American patriot and hero that left his multi-million dollar football career to defend his Country until he was fragged by his own Army Ranger(s) because he was going to come clean about the atrocities his government was committing in Iraq and Afghanistan?
No small wonder at all we're going down the "shitter"!
WTF This thing is going to blow up big time and there is going to be a civil war in this country
the sheeple have no idea that the days of "MOAR" are numbered
it's a big club and you ain't in it BITCHEZ
SickDollar
You will see proxy wars in Europe and Coup D’état in South America.
If that fail to stop the BRIC’s; then, you will see WW-3.
Revolution in America will be when there isn’t enough energy and food because the dollar collapsed as the Global Reserve Currency.
In a world where every material asset is played by 100 times its "worth" in derivatives, their value will continue to sink while the USD remains strong. I see we got to within a hair of 90 on the index today.
The complacent muppets are all in and trained better than Pavlov's dogs. The upcoming raping is going to be epic.
I think the market is waiting for the last of the gold bugs to capitulate and swap their shiny for a bit of SPY. Must wring every last drop from the stone of humanity.
What percentage of the market is actually muppets at this point? Even with all the pension fund and 401k money I doubt muppets make up any sizable portion of the markets now.
Pssst. eh; Bitchaez; the days of MOAR are numbered, and the number is SMALL ! HaHaHa- Ha Ha.
S&P500 at all time highs - commodities at multi-year lows
http://bullandbearmash.com/pending-stock-market-train-wreck-deflation-pi...
Just another divergent day - keep buying yellen.
As a person who is short the S&P; all I can say is. HA ! it was only a flesh wound. Is that your best shot, Bitch ? Bring it. I'm not a believer yet; it'll never make it to the end of February.
good luck
last go round ... i initiated first short christmas eve 2007 ... and added first few months of 2008 ... was PISSED when market kept going up (i KNEW i was right about the economy) ... underwater on my shorts till september ... hung in their for the meltdown and got paid.
Now?
NFW ... i'm on the sidelines for however long it takes (the stress of being short then not worth the payoff)
Being short, by itself, is like being long the dollar. Foolish in the long run. And owing anything (short, margin, mortgage, etc.) leaves one vulnerable to manipulation. The big boys get to change the rules whenever it suits them.
"get to change the rules whenever it suits them"
+1000
if you know nothing else about 'markets' that little piece of wisdom will tell you everything.
mark-to-fantasy, DK, short-selling bans, compliance leniency vs Dodd-Frank; they will move mountains to protect their positions; be prepared to be left holding nothing but your dick when it comes time to settle a trade, if that is what banking system 'financial stability' dictates.
Do what the machines do and watch the charts. They hate buying at the top and we've seen been flat tops one after another for months. One wild card is that $200 million 'error' that drove SPY up to absurd levels for one second a few days ago. It may have been rediculous manipulation but in the eyes of an algo SPY has a lot of room to rise before it tops. Expect the future efforts to be driven by purchases in SPY because everything else has pretty much topped. For a market manipulator with infinite funds that was money well spent.
But that flesh wound is hurting. I don't even bother to see how much I'm in the red at this point...
how many shinies you want to wager on that one?
It used to be - "don't fight the FED".
Now its Don't fight the FED, Draghi, Abe (Krugman), government data, Algos, HFT, paper commodities, vol selling, stock buy backs, ............
I'm ok with the trolls telling everyone ZH has cost everybody the greatest bull run ever - even though I think that blind arrogance is just that - arrogance. What I'm not ok with is that they have not provided, not once, a methodology for evaluating when its time for THEM to get out. They always show up when new highs are hit, but, are dead quiet when the shorts are peeling points off of their positions in seconds.
They will come and tell everyone the day after that they sold out the day before.
+100
exactly greed is a very powerful mind drug
the truth is we know most of them (99.9%) will get caught with their pants down .why ? greed + they will never understand or believe that the elite are done with the dollar , untill it happens
it's a big club and you ain't in it BITCHEZ
Lord Keynes liked being caught with his pants down from what I've heard......
The Bull run from '90-'99 was pretty epic. So was 2002-2008. Going back in time '23-'29 was pretty sweet.
All of them were built on bullshit. Epic expansion of credit with nothing fundamental backing the equity rise at all.
Today's stocks have 100 years of growth or more priced in right now. Tell me if you really believe 90% of these corporations will be around in 20 years let alone 100. It has always been a con game and always will be. A fools game played with real money.
There is nothing different between a Casino and the stock market. CNBC is the same network as ESPN televising Texas Hold'em tournaments. Sure you can be up a large amount, but it doesn't matter how much you are up on paper, only what you walk out with when you head to the cashier.
The people that rule the financial world have no skills of value to a productive society. That is why they created a system where the least productive accumulate the most assets. Why they paid off politicians and law enforcement to protect them and why they spend billions marketing the success of generating wealth through the stock market. It is their power base. If there are no IPOs, no securities to trade, no stocks to pump, they would have nothing. The goal of everyone should be to remove as many pieces from the gameboard as possible.
When they start to hurt, we go in for the kill. There are no innocents on Wall Street and they all deserve to burn.
adr
1) Deregulation led to the bubble of 1920's; then 1930's Great Depression.
2) You will be surprised in how many Engineers are bankers. I know couple doctors that are bankers.
Capitalism is the most parasitic system ever created. And money is its worm.
Capitalism is the most parasitic system ever created. And money is its worm.
FUCK - OFF Escrava!
That's all I got. Cause thats all your statement deserves.
Amen to that. I actually tried to watch Wolf Of Wall Street the other night and ended up turning it off about 1/3 of the way through. After what seemed like the tenth gratuitous coke fueled orgy, I decided I had enough.
Seriously, fuck these parasites.
+1 - But there's more skill playing hold'em than this market.
You forgot to mention the insane VIX smash during the last hour. It took a lot of vix for pretty little s&p today.
King Dollar doing its "thing"
despite repeated calls from all corners that it will weaken
DXY hit multi year high today
It's proof of America's godly righteouslness.
its prrof of 'muricas felonious markets and international bullying efforts
It's a bulls, bull market! Tear up the china shop, rip the walls out, this bitch is going to da moon. Now sit down strap in and shut up!
Buy MOAR with both hands and feet!
Bonuses for everyone...Except 99%
Given Al-Naimi's remarks today it becomes more evident that US/Saud PROBABLE joint strategy is to down Putin and cause collateral damage to Iran and Shale; in that order.
Russia seems more an more the primary target of this maneuvre.
The sticky part is: most Russian's know that if Putin goes down, it's the end of Russia.
Who gets fucked first: Putin or the Saudis? I think the house of Saud will be on its knees and sucking Persians soon.
'murica - the worlds bully
"with everything up 5-6% off the pre-Fed close..."
That is the power of massive felony financial fraud.
http://www.msn.com/en-us/foodanddrink/foodnews/global-food-prices-to-ris...
meh - food is overrated
i eat gold
Let them eat sawdust
https://www.youtube.com/watch?v=4Keh9AmtKJU#t=61
http://naturalsociety.com/15-companies-whose-products-contain-wood-pulp-...
but don't worry... it's good for you!
http://www.slate.com/blogs/browbeat/2014/07/02/_wood_pulp_in_burgers_it_...
This is beyond the Twilight Zone. Never seen anything like it. Will reality ever step up to the plate? Not this year.
well, THIS year doesn't have much longer to go..... a lot of year end chart painting going on
Got to keep things LOOKING good (no matter how screwed the reality is)
of course we must slam gold and silver during christmas week, but the down can continue to rise 160 pts after 750 pts gained in 2 days. makes so much fucking sense.
look at is this way: guess what everyone is getting for christmas? 1 guess: it's shiny, round, and has been used as currency for thousands of years!
http://www.globalresearch.ca/federal-court-gives-early-christmas-present...
Another, yet another case of the s and fucking p surging 500 points when everything you have ever known was a lie. All of it. It gets a touch stale my friends. After a while, eh?
I've said it once and will say this again, I wish you all here, no matter who you are, no matter what you say, doesnt even matter if we agree, I wish you all, every single one of you fuckers on ZH a very merry christmas and a happy new year.
Every one of you fuckers bring a smile to this face, day in, day out. if it all goes down tomorrow be aware in your senses that you are not alone, there are fucking millions of us roaming the lands and you really are not on your own.
The rest of you jokers? Still, without a doubt, the best place you can come on the web for bollocks, and sort of relevant news.
I hope this new year coming brings all you fuckers need, want and desire.
Take care folks and enjoy the break.
Inthemix96
Cheep gold is a present from the tribe. They think we are demoralized, they think we are ready to fall apart, they think it is over.
Was it over when the Germans bombed Pearl Harbor?
O hell nawww, and it ain't over now. Wormer's a dead man, Marmalard, DEAD, NIEDERMEYER...
<sorry>
..... "And remember that I am always with you until the end of time." ... ?Matthew 28:19
N57
The IRS sent me a letter saying the same thing....
Now that .. Is funny...
Clinton's SEC prosecutions of Wall Street crooks: 1,000
Bush's: 1,200
Obama's: 1 (One!!)
This all makes perfect sense. We don't need oil and the economy is doing great. Why would one even make an issue of these markets?
William Dudley of the NY Fed was laughing afer pushing the buy buttons all the way into the close.
Is this related to today's low volume and 150+ on DOW?
One of the biggest attack on US ever! Comcast reporting large scale outages in the US cost from coast. http://investmentwatchblog.com/one-of-the-biggest-attack-on-us-ever-comcast-reporting-large-scale-outages-in-the-us-cost-from-coast/I'm enjoying a nice cold beer. Spoos should be half what they are, and silver and gold many times their current price. What an opportunity! Make the most of it. Only available while stocks last!
I took a very out of the money April Gold call out today. Let's see how that rolls....
Right...more cold beer...
My zero hedge posting virginity gone... didn't feel bad actually....
It was obvious gold was going to be battered as part of the year end adjustment to show how poorly gold did for the year as opposed to stocks.
As for the price of oil, what can I say? The price of a can of soft drink is still relatively less than the price of oil where I live.
Say hello to my little friend, no batteries required and it just keeps on going like a magic free money machine.
http://finviz.com/futures_charts.ashx?t=ES&p=w1
Weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
yay! the Tyler's used "fuck" in the market summary. smells like a top!
"Carlyle, Warburg Pincus Buy Canadian Credit Rater DBRS"
http://www.bloomberg.com/news/2014-12-22/carlyle-warburg-pincus-agree-to...
$500MM deal. Smallish company, but another one bites the dust... two mysterious giants.
Underdog (not to be confused with Uberdog):
"When I accum-u-late, I'm right as rain,
but when I short stocks, there's a stabbing pain"
Holiday week, big boys gone, of course they drive the fucking shit up during xmas week so all is well. Oil down hard again, vix getting smashed, things are about to blow up........ GET LONG UVXY on the next trading day after xmas because the vix is going to fucking EXPLODE all year long in 2015. Trust me moter fuckers.
The Miracle Metals are performing another miracle - sinking like expensive shiny lead !