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The Dow Is Up 300 Points From Overnight Lows
From the moment China closed, The Dow is now up over 300 points... helped by a series of the worst possible data imaginable - confirming the US economy is weak, and getting weaker - which is awesome news!!!
NYMEX Close in an hour and stops now run above yesterday's highs... let's see if it holds.
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Everything is AWESOMEer-er-er
Well, Sept 13th is come and gone, Sept 15th today prediction date of some big collapse come and gone, and nada.
Maybe these assholes who keep shouting "Shemitah!!1!!!1111" will finally STFU.
I guess this is the new equilibrium that is part of the new normal.
Volume is not impressive today.
posted this in another thread but this makes me wonder if it isn't an engineered pump n dump by someone(s) w/inside knowledge of a "come hell or high water!" liftoff? (yeah, I know - tin foil hats but seriously, can ANYTHING be considered implausible these days?)
She-Might-of NOT! Seriously though, the market will do whatever it has to , to prove the most number of people wrong at any moment.
and to think the meeting hasn't even started yet............only 23% more to go up according to gartman
Is the market break circuits going to kick in on the way up as they do on the way down?
"Please run, do not walk, to your nearest exit in the event of emergency."
The crash already happened. Then there was the refugee crisis, calls for an EU Army while fences were erected around the EU, and Israel began raiding mosques and a potential crisis is underway. I wouldn't say that is uneventful.
Shemitah is a year, the 13th was just a climax and transition to the Jubilee.
Or maybe the crash is going to happen for perfectly logical reasons that have nothing at all to do with occult mysticism.
Naaaaaaah! Shemitah! Shemitah! Shemitah! Shemitah! Shemitah! Shemitah! Shemitah! Shemitah! Shemitah! Shemitah! Shemitah! Shemitah! Shemitah! Shemitah! Shemitah! Shemitah! Shemitah! Shemitah! Shemitah! Shemitah! Shemitah! Shemitah! Shemitah! Shemitah! Shemitah! Shemitah! Shemitah! Shemitah! Shemitah! Shemitah! Shemitah! Shemitah!
Jesus fucking christ on a pogo stick give it a rest already.
Perhaps. But not everything is logical in the world. The belief that it is shows the mysticism of scientism.
Science is a set of provable statements. Mysticism is made up shit. The world has improved over the last 400 years because of science. Mysticism has done nothing. Calling someone a mystic is actually an insult.
Have you noticed that every market in the world is in one level or another of collapse? Guess not.
Between Sept 15 and Oct 15 is the date when it is going to happen not on one day.
I have been meaning to post that since yesterday...For those who want to think the shemitah is a joke, or those waiting to see a collapse, sorry, you have to wait a few more weeks...After that, then no more excuses...Except one actually, those who somewhat take shemitah seriously, even tho things dont collapse, I do guarantee things are going to get way worse in the next few weeks. Then shemitah believers can say, "see, look how much worse things got"...I am not leaning one way or the other, just trying to let ya know whats up.
It's like astrology and horoscopes - just be vague and non-specific enough that you can claim any turn of events satisfies the prophecy.
People here, of all places, should know better.
May I also add: several days ago I posted this: I dont think anything bad is going to happen before the pope addresses congress...they dont want any distractions...After the pope announces NWO, then things can go really bad, which in turn will bring the popes words to fruition because our only help will be the great savior "NWO". Now that is not a bad theory guys..
China dropped 7% at the conclusion of the Shemitah... Just saying.. We are not out of the woods yet! In three days when the market resumes tanking what *excuses* will there be for rallying?
I've got blue balls waiting for the Shemitah release. Ugh.
I have found that waiting all these years for shit to blow makes me empathetic to Linus in The Great Pumpkin.
pods
Oh Great Pumpkin.....WHERE ARE YOU ???
https://www.youtube.com/watch?v=xiSIQzwIPzQ
with everybody already knowing this gig is rigged...now their just taunting us...sorta like salting the wound...it's ok..us already knowing we will all get the last laugh..game on.
fucking rigged manipulated fraudulent fucking Fraud Markets...
FUCK YOU WALL ST. AND DEATH TO ALL BANKERS...
Someone is still unhappy
the only fuel left to feed this debacle:
1. CB's (dead)
2. Shorts (near death)
3. BTFD'ers / spoof trades (ghosts already)
Of course. We know this fucking game by now, shouldn't we?
Bad news is GREAT because it means that Auntie Sugar, (played now by Mr. Yellen) will NOT raise interest rates but will indeed PRINT more money and give it to the Banksters.
Buy....The....Fucking....DIP !!!
so its: 'bad news due to poor economy= no rate raise= higher valuations for companies seeking profits in weak economy". perfect sense, I mean after all there are such bargains out there...like nflx barely even 600x earnings, or TSLA that only burns half a billion$ each quarter and in 20 yrs will make 10% the number of cars GM does, or the whole biotech index--taking out companie that have 'negative' earnings its not even barely over 90x earnings. such a deal!
she will raise rates, they must continue the facade of improving economy. pump stocks a few hundred now so they can get sold by a few hundred later...see? no impact!
the spin doctors in the MSM already have their marching orders........headline suggestion for Thursday........."Booming Economy Forces Fed Hand".............and then just wouldn't ya know a terrorist attack happens a few weeks later and all bets are off as the excuse to print has been revealed.
so its: 'bad news due to poor economy= no rate raise= higher valuations for companies seeking profits in weak economy". perfect sense, I mean after all there are such bargains out there...like nflx barely even 600x earnings, or TSLA that only burns half a billion$ each quarter and in 20 yrs will make 10% the number of cars GM does, or the whole biotech index--taking out companie that have 'negative' earnings its not even barely over 90x earnings. such a deal!
Hey....when it's the only deal on the table....you take the deal.
Or....just maybe....you don't even go inside the casino.
The "market" has been "told" to shoot higher no matter what they do with rates.
What a great setup for very bad news...as in the rate increase kind. They are going up .25% So get your Gartmen Long on!
My little Gartman is alread long
Someone is working OT.
VIX Slam, Oil ramp attempt (big fail), Yen ramp up to resistance, "secret" fed meeting news release, Gartman dog and pony show.
Nice view from here though.
Building that buffer for the post-Fed Friday hammer.
It is that time of the month again. Things could get violent...
The physical world has no relationship to FED software. You have to contact the software developers if you want to know anything about the stock markets.
C'mon rate hike. Do it!
It does not matter when you are dealing in milliseconds....the hours mean nothing...
QE4 in 3 2 1! Market is celebrating.
TOTALLY AWESOME!!!
Did I count 1-2-3-4 (1)(2)(3)(4)(5) -5 ?
Janet Yellen's balance sheet at the Federal Reserve Bank - however not a government agency - saw her book get blasted by the increase in rates (she holds a lot of bonds don't cha know) so she called Kevin Walsh and told him "Here is tens of billions of dollars, spoof the market."
Alas Krugmanbigpig would say this is an essential outlet to maintain market stabilitee!
Official document of the President's Working Group on Financial Markets:
http://www.archives.gov/federal-register/codification/executive-order/12...
The Fef thinks ot will fix everything with a much larger dose of QE.
The Fed is stuck doing ever larger doses of QE and 0% interest rates for it's future.
No rate hike this month or in December. A much larger QE4 next year.
The dollar will hyperinflate. One day it will be the world's reserve currency and the next it will be worth half as much.
They have plenty of 'cover' now though, what with everyone else devaluing. If however, the U.S. does something really Bozo in the foreign policy arena - enough to really piss off the Politburo, they could lift their skirt and 'show the gold', so to speak. Now the ramifications of something like that there could in fact, ignite a currency 'situation' in the U.S. If Xi decides not to visit in a few days because of newly minted 'sanctions', we may just see the beginnings of such a scenario.
If - and it's a big "if" because they would never get any - if they tried to confiscate gold rednecks would shoot Fed's dead on their doorstep. WHy? Because it wouldn't be seen as a gold confiscation but a rights confiscation. If the US Government did such a thing there would be a revolution.
And note why would they confiscate gold when there is so little in public hands in America? Compared to the other assets Americans hold like cash, stocks and bonds gold makes less than 1% of America's private wealth.
So no there will be no gold confiscation.
And yes everything else is devaluing. It's a race to the bottom, don't cha know
;)
Sell the rallies, while exercising some patience in the pocess.
And I guess keep stacking - though that goes really without saying.
In my opinion of course.
They can play you guys like for years more. Nobody -- I mean fucking nobody -- is going to pull the trigger on this bitch. Not happening ever 4 evar. And now they have everyone either 1) out of the market because it's rigged, or 2) sucking that sweet CB liquidity teat because it's rigged, there is nobody with any interest in bringing it down without their permission. All-in means everyone is in.
In China if you are not all-in they throw you in prison. Fact.
The only thing they can't do is get chumps to go further into debt to keep the Ponzi funded. At least not without a war or depression or some such shit. So yeah you should watch out for that.
I don't see way out. There just is nothing I can point to. Maybe riots and burning cities in China because the chumps over there suddenly cannot get enough to eat? But how does that even happen? Or maybe a sudden and unexpected implosion of Saudi Arabia and the loss of some significant %age of global oil output? Obama will have boots-on-the-ground so fast it will make you head spin, pump the oil you dirt monkeys.
Seriously I don't see it.
If it were so controlled Shanghai Comp would not still be falling. I think we have developed this illusion that things are controlled, but they aren't. It's more like this:
Market 100% rigged = yes
Market actually controllable = more or less no
Black swan = guaranteed.
I remember in about 2010 Faber saying in a TV interview that he did not believe governments actually have the capacity to control and tweak fiscal and monetary outcomes via policy levers, as they claim, and pretended to do. And pretty much everyone went, "Yeah, that's probably true, we've just assumed they could set targets and meet them". After 2008-2009 it was clear it was not actually the case, the economic control was an illusion. The evidence for it was poor.
Maybe in ideal budget and debt conditions it works better, but the US, EU, Japan, China and Russia are not in ideal conditions. And I think this concept of master control via rigging is the same, we will find that control is not commensurate with rigging for targets.
Remember, this 'market' only exists due to mark-to-model duct tape, pure lunacy, and not a lot more.
I can see it Cougar, and it probably will not develop like we expect it to.
I specifically said "nobody is gonna pull the trigger", which is not to say something bad won't happen on it's own. They just are not going to do anything they could or should that might trigger a crisis, because nobody but anybody is going to jump first.
Certainly not The Fed. Hell no.
And notice, these guys have a lot more control now than they did back in 2010, and not all of it limited to "policy levers" either. Faber was probably correct ... then. Not so much now. Now TPTB (public and private, DM and EM) have legislated bail-ins, MF Global-style walk away rip-off, eight years of zero prosecutions and no threat of that, massive TBTF banks in on the rigging, colossal HFT green-light 24/7 ramp-on-demand fucktardedness, China PPT on call 24/7 with $3T to burn, Monti and the ECB bazooka ready to move heaven and earth. Christ, look how much they've been fucking with things this year alone.
The story on the ground is 180 degrees out from 2010. What a nightmare.
Black swans: Well it's this way and that way. I think TPTB read that book, they know what to watch for just like everyone else, and if they need to they can just shut down the media outlets AND the fucking exchanges, all across the planet. No selling, no shorting, no trading, hand over your gold, new currencies, political blackmail, boots-on-the-ground and all the way up your ass.
I keep saying, we are off the edge of the map. I don't even know what that means except that there is no way to know what comes next or what these pukes are going to do or are willing to do, except that I'll bet you a dollar they are going to do everything they can all the time every time day and night to not relinquish one dram of their absolute power over absolutely everyone and everything on the planet.
If all governments and central banks are in collusion to maintain starus quo there is no guarantee they can't continue to what to us would be indefinitely.
They are managing the decline of the west while siphoning off real wealth to approved in the bag oligarchs.
It will take a very large conflict to break this global collusion or an internal civil war in europe, China or US. Outside of that status quo forever.
You're very focused and correct I'd say. And looking at things dynamically that status-quo is looking more likely to slip away, wouldn't you say? That's more or less my point.
Yup, OK, that's quite a bit different from the impression I got from your first comment, and that is in fact more or less closer to what I had in mind in saying that 'I can see it'. Cheers.
Today market reaction to bad news was astonishing... Somebody is discounting a no rate increase already...
Well, funny enough YELLen will have an easier job if she decides to raise... If the market drops, it will just give back its stupid gains...
The same thing has happened before the last several Fed. meetings.
All the banksters go out and snort an 8-ball of blow, then the hangover sets in right after the Fed. holds rates, and they look at the macro data.
Everything in this 'market' now is a proxy on free money from the Fed or PBoC, ECB, BoJ - ergo their hedge funds friends and string pullers.
I spoke with a carbon based trader in the gym this morning. He's like no increase and DOW + 500 (I think he is already being front run on that call).
But if this is your field of vision than you can see where he's coming from.
This morning made me get out of my shorts. Gone to cash mostly.
For this time Negative is Positive is Awesome !
Put your shorts back on. You look silly. :-)
I wish the housing bubble would pop already. I need a good deal on a mountain cabin.
Fantastic! The economy is bad and getting worse. Free money will continue to flow.
The disparity between stock valuations and the economy (reality) continues to widen.
Just a meatball bounce off the August 24th crash...2000-2050 on the S&P and then watch the distribution...crash is coming next week when this rally fails...
It is going to be a MOAR climax rally until Thursday at 2pm. And, it may be a MOAR climax thereafter if the past 7 years is any guide. Let's face it, they should have raised rates years ago and not done QE3 either. Now, because the policy is to be all in all the time, they are stuck until something breaks. The stock market runs the Fed now, which Greenspan admitted.
Back when they were doing all the QEs and the world was screaming, Fed statements were that other countries have to deal with their own issues, as the Fed only deals with domestic concerns. So, bascially, *uck off everyone else. Now, everyone else is in the hole and the US looks relatively better and they are going to say they must stay loose and easy because of the rest of the world is a mess, even though the US is long past the liftoff stage.
The logic gets twisted to justify free money to maintain inflated asset prices because inflated asset prices allow them to claim success, as the real economy has underwhelmed their expectations. Nothing more to say.
I think you have the right of it.
Jump in!
The Fed wants to accommodate its risk parity customers
Got Defense stawks? TPTB do.
To my dear children;
Well your old man is damn sorry for the world i will be leaving to you. I want you to know that i tried my Best to change what has been happening ....but to no avail. These last 5-6 years have not been easy. I spent countless hours learning about things that i hadn't bothered aout most of my youth ...LIBOR, LBMA, FOREX, COMEX, SEC, DOJ, CRTC, PPT, and countless other acronyms ......i admit i still haven't figured out what "EMINI's" are .....but i tried. The best i could come up with is that the criminals have truly taken over, and you are fucked for the forseeale future. You know where my farm is ....don't leave it too late getting here.
Anyway, i write you today to send you a printout of a comment i am posting on an 'Alternative news we site' one i have followed for a couple of years. I want you to keep this printout in your wallet / purse, so one day you can show it to your children when they ask what happened to our beautiful country. I won't try to explain in detail, Because you wouldn't believe a people could be so stupid as to allow it to happen .....hopefully the history books may finally tell the truth in 50 years or so....until then , learn to grow your own, arm yourself, and never trust bankers and politicians....they are the root of all the calamities that you are to endure.
I love you all, and i sincerely appologize.
Your dad.