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Faith, Hope, & Blasphemy
The circle of life in today's new normal...
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- *BRENT CRUDE FUTURES SLIDE 1.5%; WTI FALLS 1% IN NEW YORK
"stabilizing"
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Reality is for the weak but not to worry on Wall St reality never enters the picture.....
Incredible how all this verbal diarrhea from Fed-heads moves stock markets instantly, yet the same implicit free money does nothing for commodities, and the dollar actually goes up too. Selective algo reactions ... or pretty much whatever the plutocracy wants, it gets.
The markets go up, b/c the FED keeps promising to print... not raise rates. Investors just got another promise of no returns on debts, and should therefore BTFD, and BTFATH.
PM's have been destroyed by the paper market. PM's have been effectively turned into FIAT, at least until the collapse, at which time the REAL PM's will be the new money.
The US Dollar is up, b/c it's the cleanest shirt in the laundry. Everywhere else is imploding, so they're jumping into dollars. The question becomes, "how long can the dollar continue to rise".
Commodities, bonds, currencies, nearly everything is closer to reality than equities...makes sense when you think about it.
Rest assured that reality will sooner or later make a comeback riding on the wings of chaos.
In this day of instant gratification and instant extrapolation, many of us are frustrated that the big day of reckoning has not yet occurred.
Noah had the same problem. He was ridiculed for building an ark but when the flood arrived he had the last laugh. And that is what we live for here at ZH....the last laugh.
So while others are still having an orgy just continue to build an ark of like minded people, precious metals, self sufficiency and a faith that one day values and a freer market will once again be the standards by which humanity abides by.
Nice analogy, Pete. +40 days
What is wrong with doing both. Play their game. Collect the money. Prepare for the future. BTFD's, cash out, load up on the preps. Kind of ironic to playing their game only to best them in the future.
No one else except Noah had a boat?
We don't need no steeenking jobs!
there gonna have to get old Yeller out there every 45 minutes by the end of the year to contain this volatility
no problem, they won't let you sell by the end of the year.
The weight of tangibles and tangible reality always brings the beautiful balloons back down to Earth.
"Age of Aquarius" and all that.
Hindenburg economy.
It's probably theoretically possible to deflate a balloon slowly, but it's a rare event.
Right shoulder forming on S&P.
the fed is watching that roght shoulder and will make a swift call to good ol kevin to make sure it isn't completed so schumks like me can hope this thing cracks and eventually returns to real capital markets.....oh their's the alarm..time to wake up
doesnt really look like a head and shoulder's pattern - neck line is weak at best.
half life of Yellen ramp was much shorter than Boullard. Boullard ramp was 1 month, Yellen's less than two weeks. How long will this one last?
Yep this looks like a classic "head and shoulders" formation on the stock market. Just like the one in October 2007 that preceded the crash of 2008 by a year. I doubt this one takes as long to complete.
i dunno. the FED changed everything back in 2008. i don't think the market can ever really go down, again. they're in full print/monetization mode. see how every time the market dips, they run out some FED president to talk it back up again. zimbabwe's market went full bulltard, as has venzuela's, and OUR's.
Remember the story of Mrs Oleary's Cow kicking over a lantern?
That caused the Chicago fire....
Sheesh even back then they were lying through their teeth, lol
That was actually just one fire in a multiday asteroid attack. No Joke, Nukepro sleuths it out and lays out the data.
http://nukeprofessional.blogspot.com/2013/03/meteor-coincidence-methinks...
15 Fires
Manistee, MI October 8, 1871
Holland, MI October 8, 1871
Urbana, IL October 9, 1871
Windsor, Ontario October 12, 1871
Breckenridge, MN October 3, 1871
10 Fires around
Peshtigo, WI October 7, 1871
Canal street, IL October 7, 1871
Chicago Fire October 8, 1871
That's a pretty good record of not getting hit by meteorites in the prevailing 140 years.
Yay us!
A woman in Alabama was sitting on her couch watching TV in 1958 when a meteorite crashed through the roof and hit her on the head. The Air Force confiscated it and she had to sue to get it back.
OK that made me laugh, tarabel. But I still can't help wondering how a headless woman was able to sue.
Wait, I know. Her lawyer claimed she just couldn't get ahead, but she certainly needed one.
(Sorry, too much bad news all in a row makes me silly and then I do bad puns. I'm here til Friday, folks. Try the veal.)
Cows, meteors...gotta watch out for everything these daze....
looks like God was identifying chicago as the new sodom. me thinks there's big meteor shit storm coming soon.
What was that Romanian hackers name ? that said that Chicago and a city in penn was going to get nuked this yr
Pretty cool bro. Thanks.
Cue miraculous crude rally LOL
toldya managed to get some daily 4820 calls for 5
Evans scores brownie points with the Chair, channels the Grateful Dead's "Friend of the Devil":
Made a speech in Chi-Town
Used the word “Catastrophe”
Yellen says she's got my child
but it don't look like me
Set my mouth runnin' just in time
A friend of the Chair is a friend of mine
We hit the 20 DMA before daylight,
I just might get some sleep tonight
I love it when data looks like an EKG, packaged perfectly for the CSI-watching mushmelons.
My speculation is Prudoe Bay has more Crude and NG than anywhere else on planet earth.
WTI 100 POINTS STRAIGHT UP WHAT A FUCKING UTTER SCAM
Can't have the serfs afford gasoline.....the .1% trading the shit might lose a few billion.
LONG LIVE THE FED BANK
is it too early to stock up on coffin nails ?
Who's going to use them when we're all dead?
So it only goes up when the FOMC speaks ???
DOW UP 5000 today...all we need is one fat finger from Kev!
I'm basically in the Hugh Hendry camp now, market going up actually means a collapse but it will melt up.
Moar QE which will means less money in real economy, more bankruptcies, more DEFLATION actually, which leads to even moar QE.
Market melts up in iterations and then one day it doesn't work and then their is an indefinite bank holiday until a 30-50% deval or debt jubilee announced.
It is a perfect way to suffocate the world economy and transition to a 100% non market based price control, and ultimately explode into hyperinflation and war.
Look at the bright side--when it all plays out the government will own everything. :-P
LOL FED supported S&P bottom @ ~2000 points
DJIA may have completed wave (ii) today. If so, tomorrow shoudl see the beginning of a major reversal of fortune.
http://www.globaldeflationnews.com/dow-jones-industrial-averageelliott-w...
Are the "hope" waves, "faith"waves, or just total bullshit from random Fed presidents?
Roll up your pant legs- it's going to be a wavy year.
Roll up your pant legs- it's going to be a wavy year.
Hope is in Pandora's box for a reason. Hope should not be in play concerning politics or money matters. Hope is a four letter word best used in salutations and small talk.