US Stocks Give Up "China Is Fixed" Gains
Small Caps have been red most of the day but the major US equity indices clung valiantly to hopeful "China is fixed... and what about Jobs" gains (despite the recessionary print in wholesale data). But that is all over now... The S&P 500 and Dow have now broken down and turned red for the day...
FANTAsy stocks are all red YTD too...
Charts: Bloomberg
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True sentiment is showing, in spite of the fixer's best efforts.
The Saga of Our Political Economy:
A teacher asked her 6th grade class how many of them were Obama fans. Not really knowing what an Obama fan is, but wanting to be liked by the teacher, all the kids raised their hands except for Little Johnny.
The teacher asked Little Johnny why he has decided to be different…again.
Little Johnny said, “because I’m not an Obama fan.”
The teacher asked, “why aren’t you a fan of Obama?”
Johnny said, “because I’m a Republican.”
The teacher asked him why he’s a Republican. Little Johnny answered, “Well, my mom’s a Republican and my dad’s a Republican, so I’m a Republican.”
Annoyed by this answer, the teacher asked, “if your mom were a moron and your dad were an idiot, what would that make you?”
With a big smile, Little Johnny replied, “that would make me an Obama fan…”
You can slap only so much lipstick on this pig before the drunks start sobering up. Hey, in the end she really is still a pig...
Doesn't seem to bother those high up in UK politics though.
Shit flows downhill and the pipes above them haven't burst...yet.......
Hey! I resent that. I was thinking about "you can't fix stupid" Maybe you can...if people are "stuck on stupid" a sharp kick to the anus can get them out of neutral.
When pigs can fly.....we can only dream.
That's why I stopped wearing lipstick.....
So if I stop drinking all these goofy pics of Pelosi won't turn me on anymore?
Priceless
You can't fix stupid
-Rob White
You can't cure Evil
-The fuck if I know who said it
Ron White said it too
Then it is truly comedic scripture now.
Jobs propaganda in overdrive and still no +400? Where are you Hitlery? You overestimated the power of the horseshit blower, no one is buying it anymore.
Really sucks for the NWO when the Propaganda Mechanism starts failing.
Even the sheeple know something the fuck's wrong.
Are we there yet, Mommy?
THere is no one who wants to be wrong more than I. +400
Once thing I was pondering today. I find it intersting that the Former criminal, I mean Dallas Fed Head came out and said people were too "lazy" and relied too much on the FED. He admidted that it should crash 20-30 percent. And that even now it's "not cheap". Did he just say, no more support? Maybe this thing will crash.
Go look at the carnage in Europe. No one is buying China's fake Kardashian ass bump.
every day this week there has been a 3:30 pm ramp. On some days its been small others large. Sometimes early but always occured.
Really, if you are going to be on ZH, please take away your retarded NFL (skull & bones) super slave avatar. Thanks. Get out there, enjoy the real workd and stop supporting Mike Brown and Obama supporters.
But.. but.. CNBC said that the jobs number was good so I can forget about all that recession talk. It's just China having problems anyways and nobody cares about them. USA! USA!
/sarc
Marketwatch ticker -s DJIA red and Google Finance is in the green...
SOmebody is just not willing to accept defeat today, lol!
Different tapes have different timing. Some report live, others with delays as long a 15 minutes.
I noticed the delays after bouncing through about three sites. The final number prints are what I'm going to keep an eye on...funny shit...
Fake job reports Aint what they used to be These days they just use them to club the baby bot algos and sell the parts
Green Shoots Bitchez!
Happy Aloha Friday and may the DOOM be with you.
In the mortal words of the Mogambo Guru,
"Wheee! This investing stuff is easy."
What happened to him...loved his articles and comments.
I looked him up. He's still around.
http://www.mogamboguru.com/current_issue.html
If it's in a word, or if it's in a book, you can't get rid of the Babadook.
Just saw a weird movie with the BABADOOK
China is a basket case with the massive ghost cities and debt.
And their stats that come out this weekend are going to be bad....and Monday is going to be a big tank again...got gold
usa "markets" used to lead. now they follow like the manipulated bitchez they are. they follow china and root for fascism. they follow europe, and cheer for fascism over there. meanwhile middle america follows argentina and brazil down the toilet. third world banana republic, that's all we are.
And with the ZH headline, no doubt the trend will reverse. I swear there are many times when you can clock the turnaround to about 15 minutes after a ZH headline on the subject.
It would be interesting for someone to monitor this concept. I'd certainly like to see if you are correct.
If you'd been contrary ZH for at least the last five years you'd probly be doing alright, as far as paper gains go.
Especially if you sold into the OWS metals ramp.
I tracked it for a while. 9 out of 10 times it turns around.
Lol, how about a W. Banzai post of the chart...that would be funny shit.
I propose America's new motto be:
We suck, and we like it!™
With a pic of caitlyn waving the rainbow confedi-ate flag
When the scheming scamming scoundrels can't keep this POS green you know they have lost control. Fucking assholes
The Chinese stock market was suprisingly easy to fix. All they did was scraping the "circuit-breaker" and halting the depreciation of the Yuan. It's so easy, it really makes the guy who predicted a 6% drop yesterday a laughing stock.
Somebody at the PPT just came back from coffee break and puffed up the Dow about 35 points, so there's that.
Wait until 3:30. They'll make sure its green because, um, NFL wild card games.
Football. Yeah, that'll save us.
Agreed, I've been watching this shit since the open and as soon as the Euromarkets closed, the green shit came back.
These fuckers are desperate and the reason for keeping this theater going is difficult to understand...just kill it you bastards.
The Chinese govt. just wanted to open the market on Friday so they can prop it up again. Wouldn't surprise me they will shut it down again next week! :)
all China has to do is have the Communist party leaders say that all stocks are worth $60 P/E a share.....slam the gavel down...and on to the next agenda item.....there fixed the Communist way
Gartman is calling this a bear market. OK, I'll agree with him on that.
But, then he says shit like this:
"The editor and publisher of "The Gartman Letter" said he believes there could be six or seven months of downside ahead. Bear markets happen when declines exceed 20 percent or more from the most recent record highs."
Six or seven months? I'll go out on a limb and suggest that the Dow, NAZ and Spoos won't see new ATHs until well after 2020. So, after the eventual decline, which should last well into next year, stocks may begin moving up again sometime in mid-2017. Maybe. And the trip back to where we are right now, even after this correction, could take a decade. Depends - to some degree - on whether we get hillary or Trump for president and whether the American people revolt or not.
The rise of the angry old white guy has begun.
There is plenty of Angry mid 30's white guys too, 40's, 50's, the 20's are still living at home and haven't had reality smack them with a cold hand in the face yet.
http://news.yahoo.com/swiss-central-bank-predicts-loss-090030713.html
Nice stick save at 11 there PPT...really this farce of a casino is growing so old...has gotten to the point where I just sit on the sidelines until you can have some semblance of thinking there might be a positive 2-4 weeks and then get in for a couple % ...works well in what looks like another flat to down decade.