- advertisements -
This can only mean one thing.........BULLISH!!!
PS. got burned on my shorts today, oh well maybe in a few weeks.
I should have warned you. The stock market is so predictable. They took the bait hook, line, and sinker.
You know the saying, the bigger they are the harder they fall?
Pricing in reality is such a bummer.
you warned us only yesterday, of a prediction made a few weeks back, that today was to be THE Black Monday to end all black Mondays did you not?
might wanna rethink your psychic career amigo.
And his make-up.
We need William to stick a bugle up Bernanke's ass and blow them the money. That is what will happen.
never short on a bank/bond market holiday. you fucked up...if you're being honest.
ben will fix the dollar shortage...pronto
what this underscores really is how stupid and unnecessary the ENTIRE banking system is.
Companies that have good business models have REAL cash to lend. Banks do nothing but run ponzis to try to find parasitic vig for their donothing executives. A worthless industry that creates no value.
A government lender like FNM and FRE didn't go bankrupt faster than major private banks, therefore there's no point in having any of this in the hands of confettiers. Just do what Friedman said and have a computer print it.
The notion that anyone has to struggle to find a currency that is conjured from thin fucking air is absurd.
A worthless industry that creates no value.
A worthless industry that creates no value.
It does, in fact, extract value from the economy first through fees and interest, subsequently through sucking the bailouts - capital that could be allocated elsewhere to create some actual productivity. There is no whatsoever need for centralized money printing either, except for concentration of power.
northbound til 1240-1260 , then all-in on SH
Theres no problem here, we've just discovered a new miracle...the printing press!
You just hit the button and the bank is FLUSH with plenty of cash and the stawks go up too! And its all FREE no one has to pay ever!
The serfs pay.....
where is EADS 12 billion?
Damn good point.
French banks ?!?!?!
Who are waiting to get it back from an insolvent Greece.
They don't of course have €12bn cash.
They have an entry on the balance sheet of a French bank.
Well that explains the spike up into the close...
More disaster = buy buy buy more
Sarkozy just sharted on Merkel.
Virtually every hedge fund that is in cash or who is heavily short is going to have to buy the market tomorrow morning.
Hedge funds are getting cornholed big time, theyll never break ever for the year. If they panic and buy futures overnite, theyll be crushed yet again tomorrow.
come on robo--that's just plain stupid. Any HF manager who has stuck with short positions thus far is not going to relinquish them at the top of the trading range. If anything they will add. Any weak shorts were blown out several hundred points ago....
Or... credit markets will re-open tomorrow and slap some sense into the equity babies.
textbook troll ramblings...way to keep your predictablity at a preschool/CNBS level robo.
France having a seat at the save the capitalist banks table is a farce.
fishes,leaving the pond?
So instead they dump it into the ECB who then pumps liquidity into the banks? WTF?
...who hand it over to the US Fed that bailed them out in '08. this is Euro tax payers repaying US Fed. eyes wide open.
On that note, I am going to pump some liquidity into the bowl.
Where is CHRISTIAN NOYER? We need NOYER to SAVE THE DAY!
What gets me is they have no humility at all, just blatant daily robbery they dont care how obviously criminal it is to everyone now. Which means to me theyve priced in the permanent death of markets, and theyre now just used as a vehicle to steal. 300 point up days? Youve got to be kidding me! Oh well, they do not care about appearances at all.
desperation in plain sight. Germany does not want to bail out the US Fed, but they have weak partners so they will. Just kicking and screaming as they buy time.
And on top of all that shit, these almost daily last 30 min pimp jobs like today... It's like standing on an expensive wooden table and pissing on the faces of the people who are sitting on the other side of the table. At the same time politicians are talking abt "how the need to restore CONfidence" on the markets... Wow, just fookin wow...
I thought Benny was providing all the dollars anyone wanted.
Does this mean he's holding out on Airbus? Do the banksters own Boeing?
With the rate of money printing that is (and will have to) go on, how much longer until Bernanke announces the new $1,000 and $10,000 dollar bills? Seriously, it takes a lot of Benjamins to make one trillion dollars.
No need to print new money; You just revalue the existing currency.
Was just making a point, but yes, no need to actually physically print money seeing as its so much easier to just create digital FRNs.
so....I guess this assures a 50 handle move up in the /ES tomorrow?
or is a move up of that magnitude reserved for the day Greece actually defaults?
it's so hard to keep track of what's best for the ponzi.
OK, so China is landing hard, insolvent Euro banks can't find any dollars, the Eurocrats have a secret plan, thus, the Euro is saved and rallies over 2% on the dollar, UDX tanks, and US stocks, gold and silver have a great day. What? I guess i am kinda putting it together but still lots of head scratching. Obviously today was all about relative currency valuations but can someone (other than that anti-libertarian dolt) put it in clear prose for me?
my advice to you (and anybody else for that matter)would be:
1) don't search for logic for there is none
3) Buy gold.
don't try to sort it out logically..........ummm, wrong personality type
When the building collapses, what kind of logic could be applicable in explaining movement of its parts relative to each other? They may go up and down ONLY relative to one another, they all go down relative to the ground. Any logical explanation of this would be a futile attempt to rationalize chaos.
Drink more, leave the building.
Just another 3% market day! All is well, nothing to see here, tomorrow will probably be 3% down, its all the new normal, youre more bankrupt by the day while bankers are 1 step closer to their 1,000 years of darkness, meanwhile degenerate gamblers think you can 'trade it'....good luck rubes.
Bleh I don't think it can be traded. As I commented in another post, for us folks who like conservative investing (munis, utilities, dividends in solid companies) these fucking crooks make it impossible to earn an honest buck. HFT, frontrunners, insider trading, quintuple short ETFs so bank delta desk can skin the rubes -- just blow it up and get on with the housecleaning already.
"...these fucking crooks make it impossible to earn an honest buck."
Yes. Where can an honest investor go? Buy bonds? Please. Stocks? So much manipulation... Real estate? Ugh.
Cash, gold and lead.
Guys--it is easily tradeable. Just go full retard, don't think, try to use logic, or guage the merits of headlines and it works out great. Trading range 1080-1220. Initiate puts at 1180. If you're early, add at 1220. Wait for crash, hold out for minimum 20% gain if you don't have the nerve to ride all the way down. Cash out a little richer. When you see 1100, go long...... wash rinse repeat.
Well..., it works till it don't I guess.
SPY closed above 21-day and 50-day EMA, and at the HOD near the top end of the trading range.
First time the market has displayed a positive technical sign since the market topped out this spring.
We'll keep watching it RT.
IYR kicking ass too: yields 4.23% despite all else
Make a copy and rename it, a gift for anyone here at ZH.
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.