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Dow Dumps 250 Points From "Greece Is Contained" Highs
It appears that 'hope' for a deal (again) was entirely misplaced (again). Yesterday's 'containement' was all EURJPY-driven as BoJ and ECB held hands to maintain markets... it appears they have stopped for now...
Dow is dumping...
But The Nasdaq is the worst performer...
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Nice gap fill. The robots are getting better at making the techincals in this "market" look like they matter again.
Just look at oil.
Greece has brought public awarness to government debt. As Hillary wants to shift the entire debt of Puerto Rico onto US taxpayers?
I don't buy stocks. I should cause I know, just like everyone here should know, that stocks will be green and going through the roof in a couple days time. Down 250, Pffft! So what? Not even worth reporting in the manner it is being reported. you know what I mean. The "looky looky, see the DOW is dropping cause of Greece" style of reporting. If the DOW had dropped a couple thousand points then the deer picture could have come out and truly meant something.
Face it we are being played for chumps once again folks. One way or another this will be fixed by extracting more bucks from Americans and Europeans. Count on it. You can see the smily front page stories already. If I am wrong and the shit truly does hit the fan then you can be sure it is exactly what TPTB wanted to happen. Very little, the main exception being truly unexpected bad weather (as opposed to the it snowed and was cold in Feb type of excuse to tweak a report type of "weather") happens in this day and age.
There are some smart cookies here on ZH (I am not one of them as I know jack about finances) but they are not privy to the halls of power. With the exception of course of those whose job it is to be here and whisper. We the little folks have absolutely no idea of what plans are unfolding at any given moment. The big plays are made by folks we never even hear about and are executed in the dead of night according to plans laid down long before we read the headlines. The headlines themselves are just a means to an end.
Bread and circuses. Same as it ever was.
CNBC say's that the markets appear to be very "robust" considering. Can we ban the word "robust" from the worlds lexicon?
Robust in tactical nuke sort of way. I expect Cramer to be telling people to buy the dip while standing on a pile of rubble......
Funniest comment of the day, Dr.
Naz must catch up with SHI-NAz. It is the law of the jungle.
Perfect, now we just have to buy the dip.
Who's we? What, you got a mouse in your pocket?
Not with Europe in the scene. USA needs no competition to ramp markets. Which is why the term 330 ramp has been effective for a very long time.
The 3:30 ramp had a beginning.....and like all things will have an end and remember, the market doors swing in so they are not up to fire code.
The ramp doesn't always work and lately it has worked either poorly or not at all......
so fuggin glad i sold all my stocks, bonds, & house. i simply do not trust the world right now. none of this BS made sense to me going back to when oil got cut in 1/2 last summer/september. can't have the largest commodity in the world collapse 55% and not have serious underlying issues to follow IMO. ill watch this 1 from the sidelines & say thank you to the keynsians for the run-up they gave us the last 7 years. gave us a 2nd chance to get out if nothing else.
might have been a mistake to have sold the bonds, but fuck it - oil, the dollar, and interest rates IMO are signaling something is seriously F'd up in the world. nothing any of us who post here don't already know due to common sense (with c-banks printing at will) although i don't doubt for a sec janet yellen is prepping both QE4 & her testimony to go before congress and lay-out her plan to flat-out buy stocks ON THE RECORD.
Yes, agree 100%.
I wonder how much the FED will buy - and who the proxies are - today?
The smart play is to put all your money in hookers, cocaine, and of course, paper gold
China is still dumping, and oil is way off again today. Im not so sure the central banks can fight the tide.
Another 100 points and this thing is really going to tank. Between Obama's brainiac idea of Chinese sanctions, existing Russian sanctions, and the Obamacare money sucking boondoggle, the PPT really has their work cut out for them.
Everthing is fine. My financial advisor said so.
BTFD!
Full Bulltard speech imminent.
But Krammer tells me I should buy moar paper paper paper. Stocks are only headed up up up
This collection of turds are still approximately 300% over real world fair value.