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Dow Futures Plunge 425 Points From Friday Highs; Greek Stocks/Bonds Plunging, Crude $44 Handle
Well that escalated quickly. While this morning's weakness in stocks is being pegged to earnings misses (and rightly so), the selling pressure started as Europe opened and Greek stocks and bonds accelerated their freefall. Greek stocks and bonds are now below ECB QE levels and WTI Crude back at a $44 handle as CAT CEO demands Fed does not raise rates due to the "fragile" US economy... The Dow is now 425 points off Friday's highs...
Dow is now down 240 points from highs...
Having briefly grazed green year-to-date, The Dow has plunged 425 points
As Greek stocks and bonds plunge...
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Fragile U.S. Economy? SACRILEGE!! Nail gun the heretic!
Or plan B.......a Bre-X helicopter ride.
Heading into another recession but central banks with no ammunition left (aside from the afore-mentioned Bre-X helicopter drop option).
We might just experience what a REAL recession is like. Not that it will ever be an officially declared recession, of course- those days are long gone.
Zero Hedge readers are by far the best informed on the internet.
However, high integrity financial analysis, authentic economic forecasts,
accurate technical data, and a true assessment of the fundamentals must
be supplemented with the esoteric knowledge possessed only by the
"Money Masters of the Universe”.
We are in a DEPRESSION and this is about to become glaringly obvious.
FRB's been buying bond and mortgages every day about 10b and 3b respectfully, if you think they stopped when they say they did, you fell for the BS mass media press release again. They have been printing all along.
Anyone else sick of the lies from the FED, the media, and Obama saying everything is awesome ??
Nope.
It's fucking hilarious seeing all the mook-tards believe in all that shit!
They believe in it because they profit from the belief - Take away the profit and watch how fast they squeal for MOAR!!
Obama saying everything is awesome
...insert theme music here.
https://www.youtube.com/watch?v=bHnd9Lst4hs
ALL IS WELL dammit! Watch moar football, see skeezer chicks booty at halftime, drink the beer eat the wing....listen to DEAR LEADER and sleeeeeep little sheepies.
BTFD, trained monkeys. do it now, like you've been taught.
They are really trying to keep silver under 18 this AM with options expiring today..
If you hold a fart a hostage for too long, fart takes YOU hostage.
What time do options expire? I want to watch the prioe 'pop' like a beach ball held under water. (pop being relative).
Earnings - MISS MISS MISS MISS MISS Cat, Pfizer, Dupont, Alcoa, Microsoft...Just to name a few - Watch hiw fast it doesn't matter!!
There's MAGICAL BOUNCE COMING in them there hills!!!
By 2:30 we'll get that back and MOAR!
HA!
Now bend over..
So, is it down symptoms for the economy and
Downs Syndrome for Wall Street
Or
The other way around?
Plunge protection team are GO! (but the time will soon come when even that won't work)
Crazy conspiracy theorist! After all, just because they denied but later admitted to manipulating bonds, equities, metals, oil, interest rates, and the "Greenspan/Bernanke put" does not mean they stand idly by ready to step in to manipulate further when it goes belly up. Only a certified kook would come to that conclusion.
PPT?
The next thing you're gonna tell me is you believe in Bigfoot.
Cue in Bullard......4.....3......2.......
Crude 44 handle? Maybe briefly at Europe open before climbing back up the slippery rope.
No worries, 'Ol Capt. Jack Yellen will roll out some better than expected tomorrow, it's all good just soak it in!
"Get to work Mr. Yellen. Mr Yellen?"
Mr. Yellen is at the buffet. Good luck getting that pig to move, even if it was to print a few trillion pesos....i mean dollars.
This must be a lie. Did not the great Leader Herr what's his name just state last week that the US is in the middle of a great recovery?
Rebels capture Ukraine commander in Donetsk airport fight, force prisoners to face angry crowds
good stuff....NATO troops take note. Do not fuck with the bear!
DIVE DIVE DIVE!
Tinker, Evers to Chance.
The Fed finally got our market high enough to have the global Recession we should have had 7 years ago (only then it would have been an outright Depression...duh), yanking the phony ramped up market back down using oil and the high dollar (and screwing Putin along the way) so "they" can ramp it up again just in time for the next US presidential election as usual.
Due to weather-related delays, the Commerce Department will only release its reports on durable goods (8:30 a.m. EST) and new-home sales (10:00 a.m. EST) directly on its website. Reporting on the data will be slightly delayed.
From ... really ....nobody has a computer and send out info? snow causes a delay in internet speed?
Winter! And dragons!
Durable goods just tanked and the revisions tanked too.....here we go....another recession....and no chance of an interest rate rise
Something dishonest about revisions.
Climate Change, of course
Nobody gives a shit about greece, not even the greeks. They finally vote for the pol they deserve, a naive idiot commie with no idea what he's doing and no clue to economic realities. So welcome to the new Ceasar Chavez, goodbye Greece...EU should get rid of this banana republic, it would be stronger for it
" a naive idiot commie with no idea what he's doing and no clue to economic realities."
Unlike the naive idiot capitalists with no clue to economic realities that were running things before?
Really, I fail to see how this guy can make things significantly worse than they already are. And if he can get Greece out of that damned union, or whatever you want to call it, then maybe Greece will stand a chance at some kind of recovery.
And it is THIS that has everyone so upset...A Greek recovery post-union would change the game over there. THAT is what is most feared, THAT is what they can't allow to happen. The only question is just how FAR they would go to make sure Greece doesn't recover outside the 'union'.
Well, they could recover, but unfortunately their Greek.
They will recover after a generation or two of denial and misery. That is usually about how long it takes for poverty and starvation to turn a people toward the eternal truths of hardwork and thrift, if they don't turn toward a despot or two which will put them through more misery first.
I am stocking up on popcorn and Diet Mountain Dew so I can enjoy the show.
How is this possible? Barry told me last week that the shadow, or some shit, had passed?
Discuss amongst yourselves
So you guys are telling me I should go all in on Box?
The algos and HFT's must be stuck on the Jersey Turnpike and are'nt able to BTFD...
The Fed will raise rates? HA, I double dog dare them!
Ooo!!!! A double dog dare. Don't go triple on them. They may print more dollars, make them into paper airplanes, and throw them at us trying to put our eyes out.
here come the tempon lines..scary image, mustachioed greek women without tempons after a week...
green by noon or certainly by close. If I buy back my own stock is that quite unlike me "loaning" money to my adult married children? America is broken, financially, morally and spiritually. If the only reason you don't do crime is the fear of getting caught you have a rough definition of the behavior on Wall Street. There is no prosectuion for crimes of finance to speak of.
We live in interesting times.
From: The Fruits of Graft Great Depression Then and Now by Wayne Jett 2011
This the TOC summary of Chapter 6
What has changed? same o same o
Jett said he wrote the book so people would understand what was coming.
Buy and read. History is repeating