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And As A Reminder
...For those confused why the market is reacting like a stung bee to today's announcement that contrary to Jan Hatzius' expectations, Twist may not be extended (at least not before we get a 20% market correction), here is where all, repeat all, market "growth" has come from in the past three months. Hint: $2 trillion in central bank easy money. Because the ECB is now shooting blanks, the Fed will find it difficult to ease so close to the debt ceiling farce, and the BOJ is irrelevant. And if the spigot is shut off, watch out below.
Chart: Citi
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http://chart.ly/uploads/gtgd2vn.png
(Images from Bruce Krasting's blog):
http://brucekrasting.blogspot.com/2012/03/bernanke-fed-never-makes-mista...
So.... I'm losing track. Is this bullish, or uber-bullish?
FOUR MORE YEARS! Please no!
http://annoyanidiot.blogspot.com/
This doesn't pass the smell test
Is this anyway to run a country (s)?
This is what a PONZI looks like before its official... its not a PONZI until someone calls "FIRE!"
i no understand why market would go down if economy is improving.
Economic growth is always less than the increase in debt. With EU and China declining PMI numbers and the US living off the 100 warm winter temperatures and GM channel stuffing; a sharp economic decline is likely w/o heavy central bank stimulus. Who can create enough stimulus to stop the collapse before the election and new debt ceiling problems??? Put on a happy face, we need more regulation and unions.
Market's only raising on Viagra printed dollars. Cut the viagra and you know what you get!
To Hedge...
You get rimp noodles...
At least four more hours of pulse pounding action!
who else is impotent?
RobotTroll has been oddly (and mercifully) silent these last few weeks.
Shhhhhhhhhhh! you might wake him.
H&S
metals are getting torched
If a stock went down by 2%, would you call that torched?
If you are refering to gold, i'd call it normal given the volatility of gold. I would say the miners are getting killed though. 4% on GDX and 5.6 on gdxj. Ouch.
Someone is trashng very good miners like SLW. I have too much on margin to take advantage. Pardon me while I go to the corner and bawl.
Excellent. I hope they get 'torched' some more. For many on this site that is just giving us a better exchange rate.
Vincent...
Agreed. I honestly thought my best buying opportunities to pick up some 2012 eilver eagles were behind us. I am glad I was wrong...
teflon aapl
The only thing that can and will take down AAPL is an earnings miss.
AAPL stock just became a new post-US$ currency.
In Jobs we trust?
Worship a dead martyr in a dead economy.
the economy isn't dead, the US Govt and Banks are
...sooner they both collapse in a shitheap and get off the economys back the sooner those green shoots happen
sweet
A nice crash before the elections would pretty much doom Obummer. Not that Rmoney would be any better.
Not if it happened quickly... The 2010 flash crash" was all but over by the end of June...
Sooner or later...they will find the crayon they've been looking for...and it'll be ok
nice rout.
could it be the powers that be are abandoning the great Obamster?
Could very well be.
No, but math certainly is.
If throwing Obama under the bus buys the oligarchs a few more quarters hidden behind the curtain ... then yes.
Nothing like a spectacle to draw attention away from the actual gears and wheels of destruction.
you can look at it as a loss of employment or reduction in costs, but running a random stock pricer every day at market open and close - instead of trading algos - would allow the elimination of all traders/hft....prices would now be set by a simple computer program which would drift ever higher....
this in turn would free more money for the bond market which will be hurting in a real bad way one of these days....
Attention Vampire Squid Muppets: All is well; we are both long and short equities. Any questions contact the prop desk at 1-800-EAT-SHIT.
http://vegasxau.blogspot.com
Well, at least PNCL is off its lows. Haha.
With the US deficit at 1.3 trillion where does the bond backstop come from if the fed stops buying?
This isn't the default you're looking for.
This isn't the default we're looking for.
Move along.
Move along, move along.
AAPL and AMNZ still up and gold getting hit harder than any other commodity or asset class. Central planners still having it their way, for now.
Any minute now there will be some rumor, or Jaime Diamon will release a statement and the market will melt up
Still 12 minutes before the 3PM no volume ramp job...
Someone check in on Bill Gross.
It feels like Bill Gross is always on the wrong side of the trade. Last year he shorted bonds and MBS right before the big rally and this year he buys up a pile of MBS expecting QEIII
http://www.treasury.gov/resource-center/data-chart-center/quarterly-refu...
Wonder how that happens
Groupon summer special: 10% off gold and silver.
Groupon summer special: 10% off gold and silver.
When(not if) the EU melts down, if the sheeple climb back into USD's/Treasuries,Bonds, we may get a chance at a 20%+ Groupon sale.
Please ONE more firesale.
there is only one way to sell the amount of Treasury's necessary if there is no operation twist or QE infinity. Fear.
They are not planning on selling them for very long. Please expect your IRA and 401K to be legislated, (without your consent) into Treasuries in the forseeable future.
HA HA yea exactly!
Short everything but beef jerky and hard liquor. Central bankers STILL think they're in control.
Hope pension fund managers anticipate some of this garbage. If Pavlov's dog could learn to salivate, so can they.
(sweating...panting...).......hope!!!....give me hope!.....please.....just one more little empty intimation that there will be more liquidity!!!!....pleeeeeeease.....just a little one!!! i swear.....last time...........pleeeeease!!!................
Green by end of day. Banker scum still have plenty of fire power
Everyone knows they will have to print or rates take off on them.
How many silver longs got shaken from the tree today I wonder. Harvey Organ will tell us later today and I will not be surprised if he reports, yet again, that the longs are in strong hands.
How many silver longs got shaken from the tree today I wonder. Harvey Organ will tell us later today and I will not be surprised if he reports, yet again, that the longs are in strong hands.
As long as Au holds 1625.00, and Aug holds 32.00, we are in strong hands, watch the mkts after 5:00.........see what happens in Asia.
If these points are taken out, we could see $1550-75, and $30.00 again.
OTOH, WHEN Iran is bombed, you had best be set, because you will not be able to get any of either unless your willing to pay HUGE prems.
Rates take off? That might happen no matter what the idiots do. Remember, there is more to monetization then just America. What a farce this all is.
...Drupal
CarbonMutant wrote:
OK, I know what Drupal is, but do not understand your comment. How is the CMS Drupal relevant to Tyler's story? Please let me know.
-- Paul D. Bain
paulbain@PObox.com
Glad I got out of that PM garbage. As I said in another thread, GOLD, SILVER and the PM sector is toast for at least a year until we hit GOLD 1050 and HUI 250 or lower. Paper 's won the war for now.
US economy will muddle along 'till year end without QE, then the slow down will hit Obama or whoever straight in the crown jewels as the new presidential cycle starts. Mean time we may have an Iran war, etc.
Bottom line the economy would have to crash before any meaningful QE lifts your favorite asset again.......in 2013 or later.
Sell bitchez sell!!! if you haven't.....
If you're talking about the paper speculation market, you may be correct, but it'd be madness to sell PHYSICAL gold/silver at this point.
Right or wrong, you're playing with fire.
The PM war with paper is not occuring on the COMEX 'dial' they set for you. That is for trolling/MOPE/HOPE. Look at Asia/BRIC/Iran.
I hope you are right ... I missed the big move from 1000 -->> 1900. I'd like to get it
A market with out QE is like sex without viagra...
Is there ANY chance they could be right and the steps taken so far might possibly result in a sustainable economic turnaround? I cannot see how that is possible, but would like some less biased opinions.
Our very monetary system is not functioning, so the short answer is no. Do a little more research on interest free money. "Bill Still" is a good start.
With all due respect, fuck Bill Still the Fiat Shill and his ragingly statist, maliciously disingenuous monetary nostrums, in which he not only advocates doing NOTHING to remove government from its iron-grip on the issuance and control of money, but positively reaffirms and defends the total governmental control of money. His numerous lies and propaganda against gold and the gold standard, moreover, have earned him an honorary place in the Jon Nadler Paperbug Hall of Shame.
Bill Still loves the state --- I prefer the free market. He no more represents true and honest monetary reform than Obama represented real financial and political change.
It is just too easy for the banks. No matter what news comes out. They have trillions to play with and they just Fuck us all.
"A market with out QE is like sex without viagra..."
True unless you are an old fart like Bernanke who can only perform under the influence of printed notes ...............................
Perhaps this is only a "what-if" simulation of what happens when interest rates get out of control. We'll see where the simulation ends or not.
Global Debt Crisis
The greatest private fraud of human history.
Who are the great fraudsters who are becoming the murderers of the human kind? How does the economy "illness" threaten Democracy and the freedom of people?
http://eamb-ydrohoos.blogspot.com/2012/01/global-debt-crisis.html
---------------------------------
By knowing what happened in indebted Greece, where loan sharks created “bubbles” and the current inhuman debt, one can understand the inhuman plan in total ...understand where this plan started just to bring all states at the same end ...understand how this type of plans are established...
Authored by PANAGIOTIS TRAIANOU
If there had truly been an expectation of FED announcement of easing and we got what we got ... then this market should be 5% lower by now, but I expect that no one really expected an easing 'announcement'
BoE didn't seem to get much bang for their buck.
BoE doesn't seem to get much bang for their quid
So... Perhaps we are just now experiencing the effect of financial fracking...?
MAYDAY!MAYDAY?
For those gold bugs, it is interesting to note that with all that excess liquidity from the BOE in the last few months which lifted all European /US markets GOLD and the PM sector did Zilch!
That is the key indication that the perception in the GOLD market is that paper is in charge right now liquidity print or not.....There was lots of bad press that the western world was disintegrating due to excessive debt.....Greece blah blah blah.....
It is quite obvious the moron central bankers defused the Greece situation in a way that they have actually bought at least a year maybe two before the wheels come off again at which points Gold bugs will have their long awaited extasis..... they will keep printing behind the scenes anyhow, without publicly starting a QE program or what not...somebody has to buy that new debt from Timmy or the sovereigns in Europe and that of course is Ben and Draghi......As no investor in their right mind is going to buy near zero interest rate paper.......gold knows this but the wheels won't come off yet!!!
With the market operationally twisted we present Daneric's Elliott Waves (last evening) commentary.
Re the Reggie Middleton's ZH commentary on Facebook;
Look at what is happening to the Carlyle Group IPO ... bad intent from the very beginning.
"...Is it just a foisted "red flag" as the Washington based asset management firm puts itself up for half of it's rival Blackstone group's IPO, though each has about $150 Billion under management. Whatever the case, their one sided deal could be greed shooting itself in the foot.
Talk about negative baggage: Bin Ladan, inside dealings with the House of Saud, terror ties and blatant conflicts of interest between their adviser Bush Senior and GW. As the most negatively lopsided IPO in history who in their right mind will invest in these sociopathic baby killers?"
"When people whose job is to buy low and sell high – and who have done a pretty damn good job doing it – are selling, why the hell would you be buying? Do you think you’re going to get a better return than they are? Best of luck!" - Stone Street Advisors...
Aside from the putrid odor can anyone smell a market top?"
See: WAR PIGS: Carlyle Group's Lopsided IPO That No One Cares About
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Warren Buffett: The Paradigm Puppet - Who Is Worse; The Criminals Or The Men Who Enable The Criminals?
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