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Dow Futures Dump 450 Points From Pre-Draghi Highs
From hope to nope...
From 17,870 highs as investors bought the hope in the early European markets (after weak data affirmed the assumption that Draghi would act). Then... he didn't... and Dow Futures are hitting 17,410 lows...
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Is it 3:30 yet?
I'm not sure who called it here on ZH, but yesterday someone said the markets would tank today, nice call.
Barfing clown day, today.
Now we wait for Dec. 16th and Yellens magic statement to roll out like a backed up toilet.......
SHTF. Getting pretty real.
We'll be in full-blown free fall within a week, and it won't stop in January.
Go, go, Janet. Raise those rates.
Long vix = no brainer
i just went short
haaa u guys are hilarious... lets see, how many Wall st. billions are tied into end of year performance fees, bonuses etc...
lets see......
If not I expect good strength in my dollar longs & bond longs.
If you r so fucking bright, what do you think?
One stock goes down, they all go down!
Fine! You're so smart! You rig the markets!
I hope the fucking useless paper shufflers get nothing. No bonus.
A bonus of a revolver and a single bullet on their desk with a Christmas card that says "you know what is required"......
Good. Let's get it started.
Congrats, you'll be the reason it goes up as your balls will be squeezed so hard they burst.
Alpha - did you go short boxers or briefs ?
Trading VIX right now either way strikes me as every bit crazy.
Quick! Somebody do something!!
I Pick the wrong week to give up sniffing glue
Perhaps you'd like a sniff of Mr. Yellen's Depends?
i will only get short if he has another stroke, and I mean a good one like gurgling on his own vomit
That gurgle was on the other end disguised by the *cough*
The duck walk offstage was due to a full load, just like the speech.
You guys are too much. These are the depths of humor we've had to sink to after waiting for seven longs years for the market to crash again.
Too funny, I wouldn't trade this group for the world.
my Gold Maples arrived today...
DEATH TO THE MONEYCHANGERS.
Now you're talking my language!
I cannot buy Canadian, Australian nor British coins.
Cannot have anything with the face of that ugly evil inbread cunt on it.
I'll go for Austrian Philharmonics for
modern bullion coins or low premium old gold
(or restrikes) from Europe, South America or Mexico.
I get a kick out of looking at 100 year old coins from Venezuela knowing what that country turned into.
Yeah, why would I want to look at an ugly elitist ruler on my gold? Plus it seems the new micro-engraving on the maples makes each one uniquely identifiable. No thank you.
short eur from here
When the dollar is near all time highs... Yeah no thanks.
OK, lets see where everyone puts their money. Be impressed if he eur beats down on usd.
Yellen giving us a token raise after ecb eases. Also get some futures carry long usd.
cash. no bonds, no stocks. no thank you.
what then? gold?
gold it good and all that.
More of an insurance policy and not much fun to trade on leverage. No carry and manipulated bear market for a start.
Hey I didn't say it had to make sense. Dollar could still rally from here if Yellen hikes rates but I don't know.
short anything at your own risk.
however, euros just dropped their rate another 0.1 bps.
And The Yellen is supposed to raise rates 0.25 tomorrow.
that certainly suggests a stronger dollar in the short term.
Or a fake out for a face ripping short destroying rate cut.
/head nod
Dupe
Your funeral. I'd wait to position this til next week, but have fun tomorrow when you get stopped out.
"Captain, the inside information compartments aren't holding...they're leaking!"
Hide your kids. Hide your wife.
Hide your anus. Hide your life.
You needed a good ending for that one.
Taper Tantrum ad inifnitum. Expect "loose lips" from the Fed tomorrow.
3pm ramp came a bit early today.
emergency meetings happen
almost time for the USDJPY ramp!
Fitting
https://www.youtube.com/watch?v=nOr0na6mKJQ
as we all knew....
http://www.marketwatch.com/investing/index/DJIA
May carry over into Friday if Asian markets get spooked.
only if Job numbers do poorly
other than that,goes Green for da Weekend
Everyone was hoping for a stimulus sugar rush, now they are throwing a shit fit.
Remember the 'taper tantrum'?
In the hopes of getting a straight answer, I pose this question:
I am minimally invested in the stock market and I have all of the physical precious metal I want for the time being.
For those in a similar position, what do you do with your cash? Is it still in the bank earning no interest, or sitting in a safe, or converted into something else?
I am not 100% comfortable leaving in the bank knowing it might be a pain to get out when the other shoe drops. and while I don't expect a house fire, I am not sure I want piles of paper at home.
Snarkiness aside, what pragmatic suggestions are out there?
Non bank safe deposit box.
Waterproof tube buried in the back 40 on a full moon.
A heavy duty floor safe encased in concrete in a secret room.
Lock box in your car wouldn't hurt, along with good shoes, a pack full of food, water, clothes, ammo, and a sleeping bag. Add your ass, and your concealed carry, and you are good to go. Toss in a tube of American Eagles, just for insurance.
as long as you have your "physical precious metal I want for the time being"
your should be ok
fiat paper loss will happen in a blink of an eye
just keep that in mind..you got PM's
your Golden(no pun intended)
Time for QE Infinity to kick in, just ahead of the Patriot NIRP program.
WHAT? back to reality.
Breakdown is on. Dumped FAZ not as well played as i intended but modest cheese. Dumped NUGT "too early" in fact 2 mins before yesterday's close when it bounced for me but not enough to have me confident (I was the idiot playing the move off of the wedge and megaphone at 1050ish which could ultimately carry to 1200ish).
Notice the work grinding away today at 2070 and now 2045. Could range between those or maybe not (both sharp reversal points from not distant past). With short term action I'll watch from here to see what happens relative to those points primarily.
Not the worst idea ever to see of BKX closes below 74.85 and can't find some love above it tomorrow or Monday.
Hard to imagine how badly index algos want to hit VWAP around 3:48 p.m. -- a thousand times greater than every 6-yr-old wants an X-mas Star Wars toy ...
Of course, in the past a lofty goal like this would have been accomplished in a single, astonishing, Empire State Building-like 15-min candle. Is a major victory for the 'price discovery' crowd, however fleeting and bittersweet, in the offing today?
Is a major victory for the 'price discovery' crowd, however fleeting and bittersweet, in the offing today?
Today inexplicably makes me feel happier than I have any reason to be and probably will be sobbing about this time tomorrow, but for this fleeting moment, the world feels a bit right for a change.
That's how they set you up for the kill, we go 3 weeks without a good downside romp, so when it comes you can't even recognize it for what it is, and by the time you do they're planning to fade it ...