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Carnage: Worst Week For Stocks In 4 Years, VIX Soars Most Ever
Only one thing seemed appropriate...
* * *
The mainstream media really nailed this move in the past month (here and here)
- China's worst week since July - closes at 5 month lows
- Global Stocks' worst week since May 2012
- US Stocks' worst week in 4 years
- VIX's biggest weekly rise ever
- Crude's longest losing streak in 29 years
- Gold's best week since January
- 5Y TSY Yield's biggest absolute drop in 2 years
* * *
Did you get message Fed?
THE CLEAR MESSAGE FROM THE MARKETS IS - HIKE RATES AND YOU'RE DONE, GIVE US QE4 OR IT'S ALL OVER!!!
So let's start with stocks...
Bloodbathery... This was the worst week for global stocks (MSCI World) since May 2012
And the worst week for US equities since Nov 2011...
Futures show the pain started with China PMI, then dumped as Europe collapsed, then there was no help from the machines as gamma was so imbalanced...
Of course we saw The BoJ in da house to help squeeze stocks with some USDJPY crushing...but that only worked for the small caps (easiest to squeeze)... and then it all collapsed...
Putting these moves in context, the red lines show how long since the US Majors are unchanged...
Dow enters correction... this was the 9th largest point drop in the history of The Dow...
Financials and Energy were monkeyhammered this week (as both were completely decoupled from their credit markets)...
Financials crash...
And Surprise!!! Energy stocks collapse to credit...
Who could have seen that coming?
No brainer: short energy stocks, long credit pic.twitter.com/rC05G32OkS
— zerohedge (@zerohedge) August 11, 2015
Carnage in AAPL slammed the Nasdaq...
Since QE3, all but The Nasdaq are now red... (and Nasdaq is collapsing fast)...Trannies down almost 10% since the end of QE3!!
VIX exploded this week with the biggest jump ever...
And The VIX ETF saw its biggest 2-day rise since 2011 (no wonder with 61.7mm shares short agaionst just 60.6mm outstanding)
As VIX catches up to credit risk...
and before we leave stock-land, her is perhaps the 'spookiest' chart... a Fibonnaci 61.8% extension of the 2007 high to 2009 lows 'nails the top' for now... (h/t @allstarcharts )
* * *
OK... so let's look at bond-land. Treasury yields collapsed this week with 10Y nearing a 1 handle... 5y yield down over 17bps is the bigest absolute drop since Sept 2013
Leaving the entire bond complex lower in yield on the year...
And stocks finally caught down to credot's reality...
FX Markets have seen some serious carnage this week...
The US Dollar index futures contract was down 2.7% on the week - its biggest drop since June 2013...
EM FX was a disaster...
Finally - the commodity space...
Very mixed picture with PMs holding gains (despite Silver's slam today) as industrial commodities were clobbered...
Bloomberg's Commodity Index is at its lowest since 1999...
Crude oil fell to a 3 handle -
Dropping for 8 straight weeks for the first time since 1986...
Note that gold reversed today early on after touching its 100DMA... and silver revsed today to its 50DMA
And finally, because we suspect the mainstream media will be looking for an excuse to explain all this carnage... here is the culprit...
This mornings culprit for the nasty sell-off pic.twitter.com/OYbBFQyYvI
— Stalingrad & Poorski (@Stalingrad_Poor) August 21, 2015
Charts: Bloomberg
Bonus Chart: Today...
@BarbarianCap not what I'm seeing pic.twitter.com/YkvyBArsgX
— 3:30 Ramp Capital™ (@RampCapitalLLC) August 21, 2015
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Just people taking profits.
No, they want the sheeps reeling when the knockout punches come next month.
Shemitah
♥ LOVE ♥
Are you stupid? Just buy the fucking DIP
keep averaging down, that has killed more jews than hitler
I had to call in the green arrow PPT. We have a serial down voter who lost it all today. Sorry buddy but at least you got some free drinks.
<NoDebt strolls in from his vacation taking a drag on his smoke, looks around>
You gotta be kidding me. Look at this place. It's a fucking disaster. Carpets have puke on them, beer cans everywhere and.... oh, just look at your Grandmother's antique china closet!
You fucking motherfuckers. I go away for one week- ONE FUCKING WEEK!!- and you wreck my house! What the hell happened here? I left you all in charge because I thought you were responsible people. Looks like I fucked up by trusting you. I don't even know what to say. Just.... just.... get the fuck out. I don't even want to see you right now.
(Seriously, what the hell? I go on vacation for one week and the whole fucking market falls apart. I'm disappointed in all of you.)
You let Tom Cruise housesit?
Bullish. Krugman thanks you for your sacrifice.
"Pop Goes The Weasel", violin NOT implied:
https://www.youtube.com/watch?v=VNIBJ0PLWNU&feature=youtu.be
"That's the way the money goes..."
Rinnnnnng....
"Hello?"
"Hi, uh... Janet? Lloyd here again."
"Shalom, Lloyd."
"Yeah... whatevevah... shalom to you, too. Hey, we've had a pretty serious drop in the ma-"
"Yeah, yeah, I heard. So how much do you need this time?"
"I dunno, maybe a couple hundred billion?"
"Sigh. Okay... you'll have to wait til Monday though. I'll have to call Evelyn in the City to get approval on this one. Shouldn't be a problem."
"Thanks, gworgeous. We'll have to get together soon and toast QE with a little Manischewitz".
"xo"
* click *
For the love of God - if there was ever a perfect song for today - Steely Dan nails it. Enjoy Black Friday boyz!
When Black Friday comes
I'll stand down by the door
And catch the grey men when they
Dive from the fourteenth floor
When Black Friday comes
I'll collect everything I'm owed
And before my friends find out
I'll be on the road
https://www.youtube.com/watch?v=q1ZV4Mx7tw8
I am sorry to disappoint anyone but this could only be the beginning. Having done prophetic interlock analysis for decades I have a responsibility to share what I suspect and expect to happen. I am strongly suspecting the Japanese Quake may hit in the next two weeks. It will be a magnitude 9.0 plus, crater their markets and heavily affect us here, when it flattens Tokyo. It will cause a 20-30 foot tsunami to hit the coast of California, causing much shoreline damage, and mansion mangling. If you see this you have two to three weeks to get 100 miles inland from the west coast. A magnitude 17.0 earthquake is going to strike in the Pacific ocean and trigger a tsunami that will take out Vancouver, Seattle, Portland Oregon, Hawaii, Vancouver Island. I know that sounds absolutely incredulous. Two warning quakes are supposed to hit Vancouver Island a 7.0 and a 7.4 (causing a 5 foot tsunami to travel up Juan de Fuca straits).. When the 17.0 goes 7-10 days after the 7.4 that hits Vancouver Island The tsunami that will hit Vancouver Island will be 1200 feet high and wash all the way inland to Hope. In Portland Oregon it will be 90 feet high, and 100 feet at the Los Angeles River. 3-400 feet for Seattle?
It will shutter banking for 3-6 months, bring anarchy and lawlessness and I am strongly expecting a September window or the month after (October) - It may not even happen this year, but if the Japanese quake happens this year, then the Great Northwest Quake will.
Again I do know know the year but the moment you see the Japanese quake it is time to get away from the shoreline.
Jim Chanos: China - it's worse than you think
http://www.planbeconomics.com/2015/08/jim-chanos-on-china-it-worse-than-...
best week in 6 years!
China is toast. Europe is toast. America is toast. Africa is Africa. Analysis? We're screwed.
(Seriously, what the hell? I go on vacation for one week and the whole fucking market falls apart. I'm disappointed in all of you.)
You fucked up, you trusted us...OR, the FED will cave to Wall Street's temper tamtrun and unleash another round of QE. Deep down, you all know it will happen.
Magnitude 17?? 17?? REally? Put down the pipe.
"Beyond 9.5, while extremely strong earthquakes are theoretically possible, the energies involved rapidly make such earthquakes on Earth effectively impossible without an extremely destructive source of external energy. For example, the asteroid impact that created the Chicxulub crater and caused the mass extinction that may have killed the dinosaurs has been estimated as causing a magnitude 13 earthquake (see below), while a magnitude 15 earthquake could destroy the Earth completely. Seismologist Susan Hough has suggested that 10 may represent a very approximate upper limit, as the effect if the largest known continuous belt of faults ruptured together (along the Pacific coast of the Americas).[20]"
https://en.wikipedia.org/wiki/Richter_magnitude_scale
Exactly, Bastiat...
Anything past Magnitude 15.0 is like the death star blowing up on Star Wars.
I'm not the most optimisitic person in the world, but some of this doomsday spiel is completely laughable. Be realistic, folks. The "end" is not near. The "beginning" is near. That is... the start of a whole new calendar -- once the present satanic rulers are flung into their pit by the eternal laws of nature. This WILL happen. We cannot predict when nor how - but it WILL happen - as sure as the sun rises in the east and sets in the west.
Tossing another angle into this: WaveX- the big wave of galatic/plasma energy that we're in right now and peaks in late September (take THAT shemita.)
If you like esoteric stuff (or going down rabbit holes from time to time) I'd recommend zengardner and in5d Good stuff.
If you like esoteric stuff, check this out:
http://redefininggod.com/2015/08/obama-the-antichrist-and-divine-interve...
Ken makes sweet, juicy love to rabbit holes!! And his predictions are as likely to happen as anyone's!
...but...but...the three days of darkness? And the Earth completely stopping its rotation? Then going in reverse? The sun will set in the east!!! Someone somewhere on da 'net said this would happen, so it must be da TRUF!!
Magnitude 17 earthquakes..hmmm interesting point of discussion on a financial market thread. This reminds of the time some door knocking religious nuts came to my house when I was about 15 years of age.
After a brief discussions where we concluded that I don't follow any mainstream religion, the wise christian, jevohah witness whateva...came back with the very insightful "Thats a fine point of view for now, but what are you going to do if the world ends tomorrow?" I'm assuming they were heading down the drowning catholic idea.....
My insightful reply was "Well i'm not going to waste my last day on earth talking to you about this shit...goodbye"
Which leads to back to my original point, if we are going to have Magnitude 17 earthquakes, is the effect this will have on stock markets really the biggest concern? I'm thinking not, and I'm not going to run for higher ground as much as i'm going to do a quick line of coke and find the nearest hooker.
Also do bigger earthquakes necessarily equate to bigger tsunamis? As a general rule yes, but i'm thinking there just may limits to the size one wave can get, you must be displacing a shit lot of water for a 1200 ft high wave....gravity???? Maybe less timeon prophetic interlock analysis and more on physics.
Shit happens warned u...
But Kramer says it is time to buy!
okay, no debt you fucked up, you trusted us, no big deal you call your insurance company and we will all swear that somebody else must have broken in and done all of that we were all with you and the insurance company pays for it all
@ no debt, apparently there is a pretty large sell off in tha markets, there was a huge explosion in china, and a bunch more people, including a few regulars, made repeated offers to perform fellatio on Donald trump.
That's about all you missed...
duh, we just want to jerk off on his toopee, reminds me of a 50's porn star's snatch
You missing all the fun. Could of saved you a ton of money by hanging out with all of us.
"(Seriously, what the hell? I go on vacation for one week and the whole fucking market falls apart. I'm disappointed in all of you.)"
Did they at least leave you cold beer and a bottle of bourbon for you're return to the market? haha
are you serious? the booze is gone, hello, obviously u didn't party like a rock star.
You're an IDIOT, DumDum
You could be waiting a long time for the next upswing. Depends on whether you are looking for a quick buck or a long term investment. Personally, I would wait till September 15 if I was getting into the stock market - just out of curiosity to see if the Shemitah predictions play out. If there's a crash over the weekend of the 13th as predicted, that would be your big buying opportunity.
Keep this up and the market may get interesting again. Just have to sit and continue to wait.
What's a thousand point drop in the DOW in five days, anyway...nothing to see here.
I'm such a moron forgot my Wife had a 401k account that we stopped contributed to years ago and I forgot to sign-in and sell, now it's down for "Technical difficulties" prolly lost 5-10k this week....lol
oh well we both knew we would never see that money anyway.....such a scam
It is quite a scam they have set. They have it set up they that contributions are tax deductible and encouraged the matching contributions bullshit.
Why do galley slaves chained to their oars come to mind?
...But, you'll eventually have IOU's, Savings bonds, or some other instrument 'backed by the full faith and credit of the U.S. government.'
That, my friend, will enable you to sleep well at night!
Take heart it was never your money to have in the first place .
LOL I know, I took mine out years ago when I started my onw biz.....I jsut sold and bought "stable" government debt, no cash option...what a scam
I just filed the forms to withdraw mine this week...I hope they process it soon.
Folks gonna be shemitah'n the bed....
Oh my god! I have shemitah on my fingers!
Shemitah gone down on me, I dunno, I was drunk...
Beat her, shemitah, I'll just slap her around a bit.
That's all the shemitah puns I can think of right off the top of my head.
Just 10,000 more to go for the DOW to be back to normal.
!6000
FIFY
I am thinking we will form a neckline at SPX 666.
Lagarde said 777. Could be Dow or S + P or both.
Bingo, this is nothing compared to what's coming.
had to log in to +1 you
"Bingo, this is nothing compared to what's coming."
Derrrrrrr rivative positions?
This is going to be epic, don't even think about a green opening sunday night/monday morning.
I can think about whatever I want, internet comment.
So..... SDOW or S&W?
but Brinei said standard & poorski 3000 soon...
o well...
Yeah just people taking profits. And that has been the truth of this rape for decades. Just people taking profits (manipulated rises and crashes, free money, inside info, margin adjustments, leaked guidance, manipulated fixes, blow it up folks; have a cocktail and laugh and then cash out on the way down......dead pussycat manipulation coming to a stock near you pretty quick.)
Lots of people have many views. But a cornered fighting animal will do all to survive. And a hubris ridden Nobel prize winninng animal with reps who are so clueless will do anything to pen the sheep. The success in the strategy has worked over and over and over again.
So we wait and see.. but this game has really only hit the 8th inning.
8th inning? I think we're in the 4th. Nothing was cleared from 2008 until now. We played a bunch of innings with no score, now the game gets interesting. Sucks to be us....
The USD is fucking tanking!!!
"Make it one for my baby and one more for the road":
https://www.youtube.com/watch?v=m121tmJzcAc
Sooo glad I'm not a Forex dealer.
I love the barfing clown....
Just change the contributors to the VIX. Folks worry over nothing...
The dead cat has stopped bouncing and is starting to smell bad.
Satire?
haven't heard a word from the bowtie boy! how dem dar commodity plays working? oh, and your favs in da pacifici rim. funny how the fucks disappear...
Bill Holter's claiming the BIG ONE has begun, and Monday could be a BLOODBATH.
And we've still got a couple weeks till the Shemitah...
The ol’ PPT sure as hell had their work cut out for them today. The market was up and down like a damn see-saw…but market forces prevailed! http://www.marketwatch.com/
Reminds me of that old Moody Blues tune…
The Moody Blues - Ride My See-Saw
http://www.eyeneer.com/video/rock/the-moody-blues/ride-my-see-saw-0
HAVE A GREAT WEEKEND!
HO-LEE-CHIT!
We- too-low
sum ting wong
"everyone's got a plan until the fake ass rigged Fraud Markets collapse on they ass..."
Mike Tyson
run for the hills all u Stawk hoes............
only if you have
two ears to hear with...
"I can enjoy any piece of ear like a piece of ass."
Mike Tyson
deflation, bitchez!
had to go one way or the other, now we are getting the answer
Feel free to explain this deflation to us, considering everything I need to live is up 10 fold, unless of course I can eat a TV or a computer.
Put Grey Poupon on them,or Englism mustard, covers the plasticy taste.
Days like today make me glad that I was 3 years early in Gold.
Better years to early than one moment too late.
It is still early for gold.
Seasmoke
Since 1986
:wave:
recognize
"Days like today make me glad that I was 3 years early in Gold."
How do you like Deez Nuts now Gordon?
http://www.zerohedge.com/contributed/2012-07-10/gordon-brown-sold-britai...
Need a Kleenex?
Wait 'til next week.
Will go back up 1,000 next week.
DIE MOTHER FUCKERS DIE!
MUWAHAHAHAHAHAHAHA
This whole debacle is exactly what Tyler mentioned above. It is for a public QE4 announcement. Nothing more although it was pretty fucking cool to watch.
JUMP YOU FUCKING MOTHER FUCKING BASTARDS!!!
YOU FUCKING PIECE OF SHIT BANKERS HAVE FUCKING DESTROYED THIS COUNTRY AND THIS THING WE USED TO CALL A ''MARKET''. Y
YOU BASTARDS DESERVE ALL THE FUCKING PAIN YOU GET AND I HOPE ALL YOU FUCKING BANKER PIECE OF SHITS LOSE THERE FUCKING JOBS AFTER FUCKING OVER SO MANY FUCKING PEOPLE FOR YEARS AND YEARS, YOU FUCKING DIRTBAG THIEVES.
TODAY WAS A DAY I DIDNT WANT THE ''MARKET'' TO CLOSE
Good point, well made.
Don't doubt it, thosw bankers u speak of are SHORT!
Some of those banksters are shart.
Going by the last five minutes of trading it's a good thing for them it did.
Whether this is "The Big One" or whether it will occur in the near future matters not.
Just read Karl Marx and the honest economists who have been saying for a looooong time, the system simply can not last. Period.
You can be anti-Keynesian, anti-Marxist all you want, under the glamour of "Capitalism" of this manmade artifice - it won't stand.
It's how these folks in charge will deal with the carnage that will be interesting to watch. Modern European history points to "war" as the solution to when the 1% squeezed. Unfortunately, warning bells of a nuclear war does not register in the minds of these bastards
Not totally true. Smart people need capitalist opportunities and the massive rewards to drag some of us into prosperity.
I truly have gratitude that I don't have to ride a fucking horse to the store, and have a full store on my computer screen.
under Marx you wouldn't have a horse or a store, fuck for that matter you wouldn't be here.
chico,zeppo,gummo,harpo, or groucho
This isn't capitalism asshole. Karl Marx let his children starve.
Wait till next week...
I'm not sure this is the "big one" yet, but it is a comin'...
BTW, did anyone else hear Cramer hollering for help (again) today?
Unbelievable...
m
From now on, anytime I walk near a bank I'm walking in the street. Don't wanna mess up the chalk.
The E-Trade baby is cute, BUT I WANT THE DEER !!!!
Bring out the road kill deer photo.
Sorry, the deer asked for a raise.....something about projecting a huge increase in workload in the immediate future.
“Stop Me if You Think that Virtu’s Selling More” from "Stop Me If You Think You've Heard This One Before" by The Smiths
Stop me out, oh-o, stop me
Stop me if you think that Virtu’s selling more
Stop me out , oh-o, stop me
Stop me if you think that you've heard they’re selling more
Nothing's changed, I still love Spoos, oh, I still love Spoos
Only slightly, only slightly less than I used to, my love
I was way-laid, I was bug-sprayed
Hit my emergency stop
Grand theft, last 10 seconds till close
It crashed down with a pin-bar
And the loss was enough to make
A high, fat nudist get dressed
And plan a crass merger
Who said to buy it here?
Oh, who said to buy? Because I never, I never
Who said to buy? Because I never …
I had some gains, they went unclaimed
It turned from green and broke my trend
And then the margin cut into me
It’s Friday night, I’m impatient
Who set my stop so wide?
Oh, who set it wide? Because I never, I never
Who set my stop so wide? I never …
And so I bought a contract, it became four
And when it fell to the floor, I bought more
Stop me out, oh, oh-o, stop me …
No doubt they had yet another winning day....
"it has become the most laughed at chart in finance: every time anyone who has spent even a few days trading, looks at Virtu's public track record shown on the chart below and which represents one trading day loss in 6 years of flawless profitability, riotous laughter ensues as it confirms what everyone knows: the market has become a regulator-endorsed cesspool of HFT fraud"
http://www.zerohedge.com/news/2015-04-16/virtu-explains-why-it-lost-mone...
Vincent "Vinnie" Viola co-founder
"We's just really smart, capisce?"
Legacy!
Better https://www.youtube.com/watch?v=hnpILIIo9ek
stop whatever u doin and tune in to CNBS....
them mother fuckers got me rollin over here...
"lucy...you got some 'splanin' to do...."
Ba Ba Lou
Oh I know. They are acting like this is expected. This is just a correction tis noting to worry about. BTFD. That is the memo. Wait until the people see how much they lost in their 401k statement monday morning. Then they will be dumping all those great morningstar funds. That is when the drop could really happen when it picks up steam.
BTFD
beat the fuckers down...
I always thought it was a call to all prostitutes to help settle the score with bankers.
Bite the F$#@ing D*#@
All this time i thought we had the hookers on our side. I suddenly feel so cold and alone.
This shits just starting ...it ends with rope and lamp posts.
RIPS
"Wait until the people see how much they lost in their 401k statement monday morning. Then they will be dumping all those great morningstar funds...."
correction: wait til they find out what a "Redemption Gate" is........
they will be dumpin but it wont be their worthless Stawks.....
Great point Kaiser!
They will be pissed about that. I would ask anyone to search "Redemption Gate" if not knowing the meaning.
Choke point.
I don't watch CNBS anymore, but have they broke out the "Markets in Turmoil" special sessions yet ?
Yep, announced for 7pm ET Sunday.
Oblahblah will be on sunday night to calm the sea's.
" uh, I got a pen, I got a phone, now look, we got some folks who are lookin at this problem left over from my predecessor..............."
Buybuybuybuy!
Or is it "Bye Bye"?
My brother is private banker/financial advisor. He moved half his worth to cash a few years ago during a fiscal cliff, sequester or one of those gov shutdowns. He text me around 4 and said "moved the rest back in, good buying opportunity today, I've been waiting for a good spot to get back in"
Lol, we'll see. If it's anything like the last 4 years Dow will be up 600 Monday and silver will fall to $14..though I do believe this time might really be different. Fun to watch for the sidelines. Glad I own metals.
ag, your bankster brother may be right, btfd..however something is out there that is not of the same quality as other btfd moments..remember the msm and fed/bankster/.gov..have painted a picture of a robust low unemployment economy with bls data to back em up..market corrections do not fit that picture.
the specter of black swans hover over economies across the globe..this time i think an old jewish grandma will make the big blunder, cause there is no move that she can make that will not turn out badly.
waiting to be surprised that they pull another rabbit ..not hopeful about that.
note( this is first time the vix and tvix have made resonable gains on market drops -they did not in past drops I can recall even some neg etfs dropping with lower market moves too many times in the past, not this time??)
We can't have an imbalanced Gamma, now, can we?
The HFTs might jump to their deaths! (Hat Tip Cougar)
It's about time.
Fundamentals always eventually catch up. Now will the fed come out Monday and Prep the QE?
China RR cut saves this market by Monday morn. easy trade.
CNBC mentioned sometime this morning the our buddy Jack Lew was on the phone today talking with one of the top dogs in China. I bet there will be some announcment over the weekend or on monday and the market will shoot 500+. Anyways, today was a breath of fresh air in the market.
No move in miners and PMs and bonds relatively flat. What's up with that?
You are looking at it wrong. What can paper do to perserve my wealth? The in the know club are taking delivery. The fix is still game on
Now that's what I call prrice stabiliteeeeee. Good luck business planning in this FX environment.
September Morn
https://www.youtube.com/watch?v=EVcDDIDbOAk
http://money.cnn.com/data/world_markets/americas/
Dow -530 points... Cool.
When the levee breaks.
When the levee breaks Set to Mr. Page, Plant and Bonham...
It's that kinda of "year"!
QE4! QE4!
Unless this turns into a short squeeze face ripping rally quickly, it's guaranteed before December.
Rate hike?? bwaaa haaa haaa! Not in my lifetime... & i'm not even 30.
Wait,
Gotta rub it in, the age thing
Yeah, the little fuck...
If QE4 is mostly the same as the past QEs, it will kill shadow banking and bring the shitshow down. There is only so much debt monetization that can happen before TBTF doesn't have enough "high quality" collateral.
WE CAN'T HAVE ANYONE FREAKING OUT OUT THERE, WE NEED TO KEEP OUR COMPSURE!
Loved the aborted ramp and subsequent dump to close. Who'd want to hold this p.o.s. over the weekend?
Come on baby, gimme another -530pts on Monday!!
Where are the e-mini future ramps? Where is the panic buying during the last 30 minutes? Where is Bullard? I thought the Fed would always be there to ensure stawks only went up? Why have they decided now to back off now. Goldman must be positioned to make a killing off of this.
you answered your own question.
objection your honor, ask and answer.
The nanex guy was posting the huge buys in real-time. Someone bought 2000 emnins at 336 and prevented some really nasty downward momentium. So yea, they (ppt) were working today but don't know why they didn't throw the kitchen sink at the market. If the Fed really wanted it to blow it would have blown today for sure.
There are no "markets" and no such thing as a coincidences?
Somebody always makes money in this game right?
Waiting on Fast Money to see Kramer plead for more QE. Art Cashin is marinating ice cubes as we speak.
"Give us QE4 or it's all over with!" ROFLMAO! Exactly Tylers!
I can hear the 401K/IRA "Retirment" dreamers calling their Congress Critters "You have to do something! My God! How could this happen!?!?"
Followed by Jack Lew in Congressional hearings, followed by Yellen doing her best Yoda/Jabba the Hut impression using the words "Stability" and "Measures" and "Protracted".
I'm not sure who will warn about "tanks in the streets" or "riots in the inner cities" but someone will so that Congress can pass another $5 Trillion Wall Street's way to keep this bubble going or blow another one.
I'm not sure who will warn about "tanks in the streets" or "riots in the inner cities" but someone will so that Congress can pass another $5 Trillion Wall Street's way to keep this bubble going or blow another one.
You read my mind eb
Where the fuck is Paulson these dayz?...
I loved it when he had to lie to Congress about the events that led to the bailout crisis -sounded like "Porky Pig" on Ritalin!
Hanky Panky, pacing, stuttering, sweating upper lip, never forget it...
Hanky Panky, pacing, stuttering, sweating upper lip, never forget it...
Wouldn't it have been wonderful if we had him on a lie detector machine and as a penalty for his perjury under oath when he gave testimony in front of Congress that on failure to pass that lie detector test an electric chair would be brought in after his testimony and he and his complicit counterparts all summarily electrocuted!
Think the problem would have gone away had we decided to do something like that under the law for people like him in high office that swear an oath to the Constitution?!!!
Nemo,
When you look back at the Paulson time it's a pimple compared to present.
Lordy Lordy
When you look back at the Paulson time it's a pimple compared to present.
Lordy Lordy
Tis true. But then how the fuck did we get to this place?
MOORRRRR of this for god and country of course...
http://finance.yahoo.com/blogs/daily-ticker/want-cut-government-waste-8-...
Paulson straight threw martial law down on the table when he walked in the room.
Yeppers martial law....