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Mainstream Media Narrative Implodes As WTI Slumps Below $50
Presented with no comment...
Of course - it's up to you to decide which narrative is broken... higher oil is awesome for stocks (global growth must be great) or lower oil is awesome for stocks (tax cut blah blah blah)
Oh dear...
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I'm sure Cramer would know exactly what a bottom would smell like, considering he's got his nose so far up every NY HF's ass.
CNBS needs to make some early morning staff changes. Carl, David and Jim must go. Dump the obnoxious Brit and that blonde bimbo needs to be clocked out too. MCC, she's good and Rick gets caught giggling alot about the crew. FUCK CNBS!
Talk about MSM pablum, Fox news had some bimbo on commenting about Jordan protecting themselves from the medieval actions of yadda yadda yadda, and as part of the "solidarity" we have for Jordan, and she "pointed out" that they (Jordan) are the only democracy in the Middle East.
facepalm
The chart and all the volatility looks to me like OIL is basing out here - I've just bought it and have a stop beneath the recent low
Let's see... Fed can't decide whether it wants to ease or "tighten" and the markets can't decided whether they want to go up or down. Definitely not related.
Goosed higher, then goosed lower. Wash, rinse, repeat. No "earnings" without volatility.
Looks like Cramer picked a fine day to get gassed on a tall snort of Glade Air Freshner, Spring Mist flavor.
In a deflationary collapse, not everything goes down.
Critical assets will go higher.
Eg. oil, gold, silver, food production & food, medical care higher.
Gold and silver as money will buy more and more of all goods.
so will ca$h
With total outstanding debt in the US of $58 trillion, the deflationary collapse will bring endless money printing then currency collapse.
Pendejo. Under deflationary conditions gold wil absolutely lose value
If you GD barbarians execute one of our guys who was bombing you we are going to turn around and execute a couple of your guys we hold prisoner.
Wait, who are the good guys?
I guess it's all good until a couple of "contractors" who speak English get killed.
pods
or central bankers of any flavor ?
Cheerleading and carting out all the oil experts is getting so sickening especially after reversals. Unfortunately as far as financial TV goes (for background) the acronym TINA is truly most appropriate. Bllomberg and FOX equally awful.
you guys watch and listen to that shit? or are you stuck ina room with no choice?
let us know if we can be helpfull...
Ya know, you're right. Think I'll go play some links at Torrey Pines. Thanks for the nudge :)
I'll be out there too hang gliding with my mail order Russian bride!
You watch so much CNBC you know who these idiots are , now that say's somthing.
if cnbs wants to get their ratings up, they should go down to scores pick up some hot strppers and have them read off a teleprompter topless. ratings through the roof
Everyone of our trading partners knows we are good for it, cleanest dirty shirt. We can keep printing forever with no real negative effects. We have never defaulted before and never will. Our debt is a good as gold.
Go easy on the glue...
I can't believe that people didn't get the sarcasm in your post. Perhaps it's time for the Tylers to post a whole slew of monetary history of the US articles again for eductational purposes.
interestingly the sarc/snark has become another alternative reality at ZH ? So in a way a new set of illusions has been created to avoid actually doing anything about anything ? Just more sarc /snark ? I attempted to point this out recently, but who coulda known ?
The above average intelligence has its own set of obstacles ? or is it ego or just plain old lazy or maybe a sort of elitist's arrogance ? I actually do not know how to define it in totality ? just an observer these days, trying not to be a participant of such.
someone should lead pipe this kike cramer, he lives in short hills and likes the Wendy's there, hmm
wheres mr opec and that $200 prediction
Nothing matters, fundamentals, oil stocks, just buy stocks cuz it's the only game in town, it's self-fullfilling, it's the cleanest dirty shirt,.....
^^THIS guy gets it...cleanest dirty shirt FOREVER. American dollar is as good (better) as gold!!
Well, as one who enjoys getting dirty with or without a shirt on, I vote for:
We are the Pretty Woman of whores.
pods
gotta wonder if there are more important things than the price of oil, coke and whores, Hey ?
Where's Not Jim Cramer...
He lives on Maui year round.
Walks across the road to the beach with his fold-up chair, $2 a sixpack pog, sandwich and a bag of paperbacks.
Living the life.
It's me, ha, ha.
Left Shark meets Rainbow Puking Unicorn...
Is there a daily limit on that sucker?
This is way past running stops. Roller coaster is on like donkey kong.
Last posted limit I could find was 5.00 but that's from a couple of years back.
Watch for the dead cat bounce if it gets close to that.
Oil rations have been increased from $50 per unit to $49.
Lololol
I say whether oil is surging or plunging, good for stawks!
Hire me, MSM!
Shreik Framer, ....its a its a bull market in OIL, wheres Cartman, cmon i wanna buy puts....
BREAKING: Fast response by the Greek government
"... the Greek government from the Maximos Mansion states that 'German ultimatum will not be accepted'."
http://en.protothema.gr/greeces-immediate-response-to-german-ultimatum/
Apparently Merkel tested Greeks through Reuters and got a clear answer
Prediction: She will say that it was not official
media had oil at $200 a barrel yesterday. I've never seen such a disconnect from what's actually going on and what people actually think. At what point will reality kick in and the sheeple revolt. Ah, shit probably never, internet propaganda is soo fucking effective. Hey have you seen the new i-shit? crazy world we live in.
Sheeple revolt? Never. Ever.
Yes, they will revolt. Panem et Circenses. When either the panem or the circenses goes away, people will be up in arms. It will only take one going away too. Imagine if it was announced that the NFL was bankrupt, there was no company waiting to hoover up its assets and restart it, and there would be no Super Bowl next year. Imagine if EBT quit working for more than about 12 hours.
They won't revolt. They will welcome new overlords that promise newer circuses and less stale bread. A là Venezuela, Saudi Arabia, etc...
Perhaps you missed the hiccup in the EBT system some time ago. Those mobs became unruly, and any overlords will have a hard time carrying through on those promises. If EBT were to break, think about how many businesses that depend on that income from EBT customers would go under.
People bought into the idea of an all powerful Roman empire at one point in time. Everything ends.
It's not really the issue - I think he meant that productive people will never revolt. Of course dependents will if they are hungry or feel disrespected.
If the free shit army does go ballistic, there's only a few freedom-enhancing outcomes possible, from what I can see:
1. It's ugly but limited, and we adjust our ideas about dependency, making a national goal out of reducing it. Anything from this to #2 will be manageable by government and bad enough that government will use it to expand its powers.
2. It gets out of hand and the productive classes are forced to restore order. Then they hold all the cards. In that event, the revolution will have happened: the old order will be gone and new elites will be in control.
If you want a genuine grass roots tea-party type revolution, I think that comes in ony a few ways. The most obvious is a stubborn and righteous governor to tell the feds 'no' on some major issue, and lead states out of the failing union. Then the revolution comes to us.
Supply chains are going to break during our expected lifetimes. Either we start moving towards local economies, or the breakage will lead to the kind of pandemonium that none of us wants to experience. The point that you should take away is that the government is going to lose control of the resources that are necessary for growing more government. People will be able to scream for more government solutions all they want, but the government will not even be able to deliver its bad solutions at that point.
100 million Americans over the age of 18 do n ot have a job.....even a crappy wage/10 hr a week job.
Think about that for just a second..........
I got the impression the Romans continued living like they always lived, with one tyrant being replaced by another, with the indistinguishable years punctuated by a famine or an auspicious harvest. Pretty much same story here in the USA, going back to Woodrow Wilson or beyond.
So that leads me to thing that when EBT breaks, people will not suddenly become independent and seek revolution; they will seek more government to fix whatever broke. Kind of like Venezuela reacting by putting pharma execs in prison. More government, more jack-booted thugs.
See my post above. There is very little in terms of living memory to draw on that will prepare us for the future. The Romans ceased to be Romans and most certainly did not continue to live how they had always lived. Keep in mind that our government is already too bloated to support itself. Adding more government, no matter how much EBT recipients want it, will just put that much more strain on the system, and if EBT goes away, that will be a sure sign that the government is starting to collapse in on itself. In the event of a collapsing government, do you really think that asking for more government will be a request that can be satisfied?
Yep
"If it bears repeating then it works."
Propaganda....PROPOGATES.
The problem is with The Data.
That's "saved" on a machine. Good luck trading against that using a "propogation technique."
Of course humans have an inherent rejection of a constant stream of UNTRUTHS too.
No, its not called ratings but a REPUTATION.
These are dishonorable people. They cannot ever do anything to ever change that now.
They know not the meaning of sacrifice....only YOUR sacrifice.
And, oh yes...we have computers that do that too.
Behold ... the shoeshine boyz are buying every little dip all day every day !
Even my dummass plumber wants in !
Sell!!!
Sell!!!
http://investexcel.net/wp-content/uploads/2015/01/Correlation-coefficien...
What's that green mist?
What's that screaming buck tooth Italian guy on CNBC got to say about this prognostification?
Sort of not hard to tell it wasn't going to be underlying demand spiking it.
Thank fuck for that. I was getting my arse handed to me on a plate. Now for the DAX to up chuck ;)
W00t! Buy The Fucking Disconnect From Reality (BTFDFR)
10 week EMA and SMA puts this turd between 53 and 54.6ish which interestingly is where the pop died the other day. Cramer of course told both of the peeps watching the comedy channel the bottom was in just below this after a move of over 15% or so was already underway at that point in time.
All cracks on Cramer aside I wouldn't rule out further tickling of the 10 week to lure in more kool-aidaholics. Though - I for sure wouldn't get long to test that. Shitty risk/reward here the optimal risk/reward for the bounce is in the rear view mirror most likely.
What we have here is 1999,all over again..As soon as Jeb becomes President,you'll see oil spike,an invasion of Syria,and American flags flying from antennas,again..Until then,the Dems are going to do their best to convince you that a gallon of water,is worth more than a gallon of gas..
Jeb? Not going to fucking happen...
Jeb vs Hillary could happen. It boggles the mind, but it could happen. The Republicans and Democrats are like competing families in the mafia. Start naming the candidates that either party could run.
we will "elect" whoever langley picks
It's almost as though the candidates themselves are rigged, huh?
And I'm not convinced that it's always the CIA that gets to pick, but I am convinced that whomever picks the candidates picks candidates that benefits them, and not We The People. In the event that one slips through the cracks, well, they will most likely get bought afterwards.
If they refuse to be bought they get a personal viewing of zapruder film.
If Scott Walker was willing to disembowel the Nations liberals in the fight for Wisconsin freedom what's he gonna do to the fukcing sand grows?
Who then? The elites are pretty brazen in their actions now. I can totally see them putting another Bush into office.
Quite sickening that 230 years into the American experiment the best candidates two major parties can nominate are Jeb and Hitlery. Is that really all they've got? Is there no Madison or Jefferson around today?
No Madison or Jefferson would accept such an office. This country is broken, and there is not a damned thing that anybody can do to fix it. Even if it survives as the USA, it will have to crash and burn and be rebuilt rather than being fixed.
perhaps Walker should be given a chance
Never say never. The Rep's made sure to change their primary rules, after the last election, to 'fix' it for the establishment candidate. This, after Santorum nearly ruined their 'selection'.
zh hairlip
Hitlery is a bigger war monger than Jeb. Plus she HAS TO go to war to prove women are just a tough as men.
I've never bought a bottle of water. I'm not stupid.
$49.51 isn't exactly slumping below 50. CL is the new BTFD. There is too much narrative staked on oil.
They will try to keep it above and around 50. I don't they can buy it back up to 80 without more QE but i'm sure they can keep it on life support around 50 and draw this out.
Hitlery is going to declare some health issue and Bambo will run for a 3rd term.
Read here more about interesting investment idea valuations:
http://prudentvalueinvestor.blogspot.com
Jeb is a figment of the Elite's imagination. Yes he wil gets lots oh bucks, and will crash and burn by Iowa
Then, who's the establishment's next fav. choice? They saturate the primaries with their stoolies.
What's really goin on in the derivitive complex? I'd love to take a peak.
Tyler, you need to wait for the market to close. Back below 50 means shit until it closes below 50.
The only thing that smells of a bottom is Cramer's portfolio. Nothing but an actor in a barely-watched pantomime.
Got petroleum?
It's still time to back the truck up.
Make Work Wars & Pot Vending Machines
All right, all right, one last time, I’ve got another baby coming…
How did I know that the contract price for oil, the empire value of the petrodollar, was $45, that the Greek/German game of chicken would turn out the way it did?
Yesterday, the critters, who will never have to concern themselves with feeding, clothing or housing their children, said that the price of oil would go to $20, and today they say it will go to $200.
The majority is trained from birth to organize their minds in terms of time, which is simply a convention relative to their position, which is a prison, a self-fulfilling prophesy, which is why they shorted nuclear back to oil, as expected. They spend all their time looking at gravity, which is a symptom, and none of their time looking at the relationship between magnetic and electric fields, applying all kinds of redundant resistors to prove that gravity is reality. That’s why those planes, trains and automobiles are blowing up, with increasing frequency. Sine waves are only additive in a shared reality if they are of the same frequency.
That is also why that Bay Bridge elevator isn’t working. Whoever fixes it will be blown up as the scapegoat. I don’t care any more than I care about the price of oil, because the ivory tower crowd can’t do anything, but employ game theories, hoping that others will react to their artificially induced variability, as a result of arbitrary public education, which can only result in capricious and malicious behavior. If you are a leading outlier, the critters are going to rotate majorities to hunt you down, to prove that an irrational market outlasts all individuals. From the perspective of labor, the 10th amendment was a Trojan Horse from the get-go. Your rights do not come from the State, unless you accept the contract, and gravity has its uses.
Imaginary numbers are only imaginary relative to the majority. To understand the double-sided mirror, you have to live in it. And you can’t learn anything about it from a textbook, in a box, in an ivory tower. The majority simply cannot tolerate reality, which is why it will never get off this rock and why it is fixated on fixed sporting events, to confirm itself, and why most believe in a god savior, whether it’s a politician in Greece or a mythological figure in a book.
It’s a good thing that most do not understand what I’m talking about because their brain would otherwise implode. If you really want to learn something from my material, just read it and let your subconscious work on it, while you watch, instead of trying to understand it in time, which is like increasing your speed in a blizzard, but understand that you will be hunted as a result, if you do not provide the empire with consistent gravity to track. As bad as the cloud is, and it’s pretty invasive, it’s just so much nonsense, as is everything the doctors learned in those concentration camps. The reason those vaccines don’t work is because they are not local, which is why you have measle and chicken pox parties, which mothers will tell you, if you listen.
Wiring high VAC isn’t for everyone; careful who you choose to hunt. Those transients are killers. When in the empire, do as you are told. Just don’t spend so much time in the empire. Jesus proved that an individual could withstand the irrational empire, and look at all the nonsensical make-work the drive-by Christians have generated trying to prove otherwise. All equal government rights has accomplished is having young, independent-minded females being hunted as hard as young males. Congratulations Hillary.
Going to work, doing your job, and going home to raise your children is never going to be popular, for what should be obvious reasons. The real work is done at home, in privacy. Mathematics and language, as wonderful as they may be, are derivatives, turned in on themselves by the empire. The microscope and the telescope exist on a fulcrum, a circle with a switch. All that oil is going to end up back in the ground, after the critters have choked themselves with it.
To fix anything – a train, a plane or an automobile, you must suspend the empire, which is far more weight than most are trained to carry. If you understand your spouse, there would be no economy, no reason to trust. Usurious users forgiving co-dependent debtors of debt will change exactly nothing, just as QE and austerity, free money from the top down and increasing economic servitude from the bottom up, has changed nothing. The unions and standards of living haven’t been shrinking since Family Law was re-introduced by accident. All wars are make-work nonsense. Take a look at any corporate HR department anywhere in the world and you will not be surprised by outcomes.
A 500-yr-old redwood grove in exchange for a one-year grant, to control water for pharmaceutical pot growers, to feed doctor landlords toilet paper - brilliant. Funny, the judges will not allow investigation of jurisdiction, surprise.
Rocket Scientists; hard work pays off, in the future, not the present, where the majority is always trapped, by their own assumptions.
Putin will be assassinated this year.
It is Zion's only play against Russia, as even war undermines the economy of their new base of operations, and wardog, in Europe.
The banksters need to repay us.
Like Han Solo shooting Greedo from under the table, but with Zion shooting Putin.
They are going to do to Putin & Russia, what they did to Hitler and Germany.
I can only recommend that you watch the Documentary called "The Greatest Story Never Told" in order to educate yourself and de-propagandize your brain.
http://www.tgsnt.tv - Official Website
https://www.youtube.com/watch?v=Vnu5uW9No8g - TGSNT
https://www.youtube.com/watch?v=Dda-0Q_XUhk - 6 Million Jews 1915-1938
http://holocausthoaxmuseum.com/treblinka-archaeology-hoax/ - Gas Chamber Hoax
Also for those who prefer higher quality, you can download the torrent.
https://thepiratebay.se/torrent/11182630/Adolf_Hitler__The_Greatest_Stor...
https://kickass.so/adolf-hitler-the-greatest-story-never-told-2013-hd-kh...
Another good documentary. (His info on Hitler isn't accurate but the rest is BANG ON!)
https://www.youtube.com/watch?v=U1Qt6a-vaNM - "Everything is a Rich Man's Trick"
QUOTE: “History is always written by the winners. When two cultures clash, the loser is obliterated, and the winner writes the history books-books which glorify their own cause and disparage the conquered foe. As Napoleon once said, 'What is history, but a fable agreed upon?”
Killing the narrative with SCO.
Woot!
1. You assume WTI is correlated it the S&P 500 INDEX which it is not, it may have been for the last 2-3 days but if it was correlated the S&P would be at 52wk lows which it is not. It is doing rather well actually.
2. You forget that the bounce in Oil indicated that the pressure to the downside has eased, a level of support has been found. This eases anxiety for traders who are looking to dip into the markets when oil stops dropping 5% a day.
The job of the MSM is to line up the stupids and convert them to bagholders.
The other job of the MSM is the print the narrative as ordered by their advertisers and their goobermint.
Therefore the economy is a piece of shit and the recovery is right on track.
Calm down, they were just looking for more muppets to go long WTI.
Once the resonance of the foot soldiers hits the bridge it collapses...Oil on a yoyo.