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Nasdaq Gives Up All "China & Greece Are Fixed" Gains, Dow 500-Point Pump-&-Dump
Who could have seen that coming? A US equity rally on the basis of an entirely manipulated Chinese stock market rally overnight and hope for a last minute Greek deal (dashed by calls for a massive EUR80billion bailout which zee Germans will never give in to). The Dow just experienced a 500-point-pump-and-dump as this morning's exuberant TV anchors are suddenly silenced by the reality that China and Greece matter after all...
After peaking right at the US Open (up over 1.4%) the Nasdaq has led the drop...
Maybe China does matter after all...
The Dow had quite a ride too...
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Time to arrest the unpatriotic short sellers.
Maybe the Nobel Prize Winner can drone a few
>If stawks finish red today it's GAME OVER
>BTFD
How about golf until the pic is a little clearer. BTFD was the game of choice for many years but the Brown Stuff is starting to interact with the rotating blades. Greece probably and should exit the EU. So contagion or no contagion. Don't know. China may well be the black swan. A %30-40 ass woop'n in a few weeks is tough to get a handle on. And the USSA ain't doing so great itself.
I am still waiting for the banksters to enter the cannibal stage then it will be game over.
Can't keep enough hot air in this balloon to make it stay aloft.
Que the eUSD.
Yes, the balloon needs to be at S&P 666 so it can hit the power lines and burst into flames.
So the PPT bought up the Stocks and created this rally. And then the stockholders cashed out.
Thanks Mommy Government for the bail out.
(Now didn't I write this a few days ago...about the Bank of China's stupidity in buying up shares so that speculators could cash out? Damn I hate repeating myself.)
Why aren't the algos coming to the rescue? Surely the bots see nothing but pumped equity prices in our future.
Just like me in bed. Looks amazing and POOF! It's all over.
You may want to try some ZMA in your diet.
China matters. There's your black swan.
Red Swan
We truly live in an Orwellian world now. I wouldn't be surprized
Well at least there is that girl I saw at the Two Minutes of Hate this morning.
But Ron Insana said.....
… it takes an Insana to know an Insana.
China will now go up, all the short money can come to US markets.
Sung to the tune of "Muppets roasting on an open fire". Of course it was entirely 'unexpected'.......
All hands on deck for Ole Yeller to protect crude and EUR/USD. Where is spider when crude and EUR/USD set new 52-week lows?
If the SEC just issued a ruling saying selling stocks was banned, none of this would happen. Everything is awesome! MOAR MOAR MOAR!
If selling stocks is banned, where will a buyer find any to buy? Maybe we need a law, then, that allows selling at a profit but not at a loss.
That's right. Every stock buyer must pay more for it than the last greater fool. To infinity and beyond!
tonight, china will start arresting people for not buying stocks. if you have $100 in the bank, you must buy stocks or face 10 years in a federal pound you in the ass prison.
… fortunately, no one here has $100 left in the bank.
DOH!
Get busy Mr. Yellen
Fed’s Evans delays his rate-hike call to middle of 2016http://www.marketwatch.com/story/feds-evans-delays-his-rate-hike-call-to...
"After. Ten thousand murders in six years Fed Chair Evans speaks out."
It's not official bull shit until Hilsenrath writes it.
Come on Janet.... show those Chinese how a real communnist does it. Crank those printers up to ludicrous speed.
Too late, they've already gone plaid.
The Plaid Menace.
evil foreign sino short-sellers attacked!
"What? This?! Phft! It's nothing! It's not even a bubble yet!" - Goldman Sachs
Looks like crude's dead cat bounce is over and dusted too.
The time to buy things is when they're cheap. It's the future that counts, not the present. Will Crude Oil be underpriced forever ? Forever is a long time. Crude oil futures with a one year time line are good now.
The crude oil price chart is beautiful. A double bottom is in place with a gap down in the recent down leg; Gorgeous. Someone opened four contracts for Dec. 2016; the contracts pay off at $1,000 / dollar. It wouldn't surprise me if he made $100,000 on this one trade. I think I'll go make an offer on 8 contracts for Dec. 2016. Then I can forget about shorting the stock market rallies, and just go to the beach and go fishing until next year.
I love the ZH charts.
China is Fixed ^
Greece is Fixed ^
V Nope.
Lolz
yesterday was the perfect cover. first off a call to the NYSE, shut down for a few hours. then Janet P calls Bejing, pledges LIQUIDITY for their market using their UST holdings. fine. then miss Planet calls Angela. get out the message Angela, Greece is fixed. you dont need information, just ask professorial. got it, okay. then she calls the fed trading room in mariner eccles, call all our friends and tell them we are hitting the futures buy buy buy jim cramer button, get on board, shop and defeat the terrorists, buy stocks, save yourself. whatever. in the first instance (NYSE shut down) the foreign suckers sold the market, now the american buyers picked it up on the dip and they are taking profits, the shorts will stick their dick in the sausage grinder at the close today and we'll cut if off tomorrow, any questions?
China only runs on cash, dude.
And they have no shortage of dollars available....let alone all the other fiats on the rest of the Planet.
There is a lot to be said they are like the USA 1929 though. "New Normal writ large."
The USA better watch Greece close because I think a good comparison can be made between us and them.
Interesting to read the denials to said effect though.
Do miss the "Zero Hedge Dead Cat" in these things must say.
We'll know for sure how serious this problem is tomorrow, being that it's friday. LOL.
Well TGIF!
Those cheerleader buffoons of CNBC will accept whatever shit just to see the market go up. they will even take the communist membership card if needed.
Like Ron Burgundy, they'll cheerfully read what's on the teleprompter.
"GO FUCK YOURSELF SAN DIEGO!"
It's German for a Whale's vagina.
So what triggered it?
I think it was something I posted on Zerohedge.
Nasdaq gives up.....
.... except for NFLX which is seeing stop runs based on some minor house or other throwing out another higher target price.
At least to me, it appears that the Fed has been more focused on keeping the uptrend going by disrupting any and all starts of downtrends. Or, at least interrupting any downtrend with a false rally or two.
The downside whippings will continue until any and all bears are so thoroughly confused and demoralized that they will throw in the towel.
26 pt spoo rally on news china will arrest sellers of stock - Failed! Who could've guessed? Like I said this morning sell the rips Bitchez!
AP July 9, 2015
Today President Obama spoke briefly in the Rose Garden
"Good Afternoon. I want to make this short and to the point. Today I have instructed the Treasury Secratary Lew to put into effect the 'Patriotic and Fair Secure Retirement Act' which in effect will ban those who do not play fair from hurting the rest of us who just want to get ahead. This act will prohibit the sale of stocks and bonds, and will mean that the American people finally will have a fair and equal opportunity to have a secure retirement. Now while many of you may wonder how people will be able to get money out of the market, I refer you to the myRa plan I spoke of at the State of the Union. Those wishing to sell will have the opportunity to convert their shares of stock into a government backed annuity which will provide them a fair and equitable rate of return for the remainder of their lives. At the same time, this pevents the stock market from ever falling again as the FED will assume control of the shares being sold and converted to this new retirement tool"
Overall I think The Janet has the contagion contained.
I do not think she planned on having the market this weak at this point in time, so look for it to sneak back up. I get the feeling Greece has now been fully discounted. China - don't know about that one, I don't think the Chinese PTB have decided wtf they want to do about themselves yet.
Outlawing the Short Sellers is like outlawing The Tide! So predictably sad ...
I'm not doin a thing till I hear from weatherman Joey LaBaloney!
And now the S&P futures are UP +19. Here we go AGAIN!!!
PUMP aaaaaaaaaaaaaaaaaaaaaaaaaaannnnnnnnnnnnnnnnddddddddddddddddddddd DUMP
Yet ANOTHER gap to fill 'down there'.
One of these days: "The pump won't work 'cuase the vandals took the handle". (Bob Dylan)