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And Treasury Futures Are...

Tyler Durden's picture


...Not too happy to start based on the early bid/ask.


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Sun, 08/07/2011 - 18:33 | 1534233 Id fight Gandhi
Id fight Gandhi's picture

Rates will still stay low. Qe3 and the kitchen sink!

Sun, 08/07/2011 - 18:33 | 1534234 Flakmeister
Flakmeister's picture

Is this really a surprise?

Sun, 08/07/2011 - 18:33 | 1534235 oogs66
oogs66's picture

this should drive stocks tonight i think

Sun, 08/07/2011 - 18:33 | 1534236 NumNutt
NumNutt's picture

Pizza, check

Beer, check

Guns and ammo, check

Let the fun begin.....

Sun, 08/07/2011 - 18:44 | 1534284 NumNutt
NumNutt's picture

Dow futures -301, it is going to be a long night....

Sun, 08/07/2011 - 18:47 | 1534308 NumNutt
NumNutt's picture

-310, hmm I think I need to run out to the ATM, be right back......

Sun, 08/07/2011 - 18:56 | 1534334 Long-John-Silver
Long-John-Silver's picture

It'll be empty by the time you get there.

Sun, 08/07/2011 - 19:02 | 1534368 monopoly
monopoly's picture

That was great Long John, "empty". :)))) +1

Sun, 08/07/2011 - 21:35 | 1534820 trav7777
trav7777's picture

211 now...bovespa up big so is Mexico...go figure

Sun, 08/07/2011 - 19:12 | 1534404 mailll
mailll's picture

We would be shooting the wrong people if it comes down to this.  Our bullets can't reach the real culprits.

Mon, 08/08/2011 - 08:43 | 1536459 Chump
Chump's picture

You're exactly right.  Since it's hard to march on Wall St. and DC on an empty stomach, we'll just sit around and rip ourselves apart instead.  Sad.

Sun, 08/07/2011 - 18:34 | 1534239 slaughterer
slaughterer's picture

Dollar is paring losses.  Almost at break even.  OMG!!!

Sun, 08/07/2011 - 18:40 | 1534264 Nate H
Nate H's picture

downgrade is not the real story here (though it means austerity longer term)

real sh*tstorm is europe/italy etc 


dollar sold off friday due to leak of downgrade - now we are back to focus on eurozone becoming federation...treasuries still the deepest most liquid place on earth (until theyre not)

Sun, 08/07/2011 - 19:32 | 1534498 pupton
pupton's picture

And TBT will be a bad bet until it's not. It's part of my SHTF portfolio.

Sun, 08/07/2011 - 19:27 | 1534481 darkstar7646
darkstar7646's picture

Probably another intervention by parties like the Bank of Japan - they already openly did it once last week.

Sun, 08/07/2011 - 18:35 | 1534245 slaughterer
slaughterer's picture

Now that we have the S&P downgrade behind us.  LET'S RALLY!!!

Sun, 08/07/2011 - 18:38 | 1534255 maxmad
maxmad's picture

NO QE3 coming... we could carsh!

Sun, 08/07/2011 - 18:46 | 1534299 PeterSchump
PeterSchump's picture

Carsh is optimistic.

Sun, 08/07/2011 - 19:27 | 1534484 darkstar7646
darkstar7646's picture

Gotta think this just moved up the timetable of QE3 to about the next 24-36 hours, instead of a few days, weeks, or months.

Sun, 08/07/2011 - 21:00 | 1534656 Papasmurf
Papasmurf's picture

No need for carsh when there's Mastercard.

Sun, 08/07/2011 - 18:39 | 1534256 Spastica Rex
Spastica Rex's picture

Repetitive troll is dull.

Sun, 08/07/2011 - 18:37 | 1534250 trade the day
trade the day's picture

US Treasuries Bitchez!  Must be a lot of forces at play here.  Proceed with caution.

Sun, 08/07/2011 - 18:37 | 1534251 max2205
max2205's picture

Got ATM?

Sun, 08/07/2011 - 18:58 | 1534335 boricuadigm-shift
boricuadigm-shift's picture

Why the ATM?  Are you expecting a bank run?  Please throw some logic.

ATM = At the money
ATM = Automatic Teller Machine as in you better have some cash?

Sun, 08/07/2011 - 19:07 | 1534386 aramsogo
aramsogo's picture

ATM = Ass to Mouth

Sun, 08/07/2011 - 19:31 | 1534494 TheDriver
TheDriver's picture

[sigh] The Internet ruined me. That's all I think about now when I see ATM.

Sun, 08/07/2011 - 18:38 | 1534253 RockyRacoon
RockyRacoon's picture

Treasury Futures -- now there's a classic oxymoron.

Sun, 08/07/2011 - 18:39 | 1534257 Yen Cross
Yen Cross's picture

 Geese give me the " Vanilla Options" @ xau 1.8k.

Sun, 08/07/2011 - 18:39 | 1534258 Caveman93
Caveman93's picture

Gravity is a bitch ain't it?

Sun, 08/07/2011 - 18:41 | 1534266 FoieGras
FoieGras's picture

TNU11 quoted @ 127'110.. up 0.25% on my screen. Barely moved.

Sun, 08/07/2011 - 18:45 | 1534281 Bear
Bear's picture

USU11 is up on the day ... SP rating is joke. Downgrade debt and its value rises

Sun, 08/07/2011 - 19:40 | 1534534 DosZap
DosZap's picture


SP rating is joke. Downgrade debt and its value rises 


You have to remember, S& P, the world, is fighting a war with the Beast, the one that started and then financed at LEAST 2 World Wars.

They will be brought down, when and if their good and damn ready. NOT until.

We are puppets, they are the PUPPETMASTERS.

Never forget it.

Sun, 08/07/2011 - 18:46 | 1534300 NoClueSneaker
NoClueSneaker's picture

Tricheur wants to continue to kick the can .... Supermassive black hole feeds ..... How long before crosshair on the head of dwarf Napoleon ?

Sun, 08/07/2011 - 18:47 | 1534305 buzzsaw99
buzzsaw99's picture

the upside down usa treasury finally quacked up.

Sun, 08/07/2011 - 18:48 | 1534310 slaughterer
slaughterer's picture

Central Banks want bulls to win.  Bears have only Monday to enjoy, and then the BERNANKE announces his next move on Tuesday.  Not much time.  Have fun while you can.  Bear slaughter Tuesday.  .  

Sun, 08/07/2011 - 18:53 | 1534324 css1971
css1971's picture

Um. ~2 months to the bottom.

Sun, 08/07/2011 - 18:50 | 1534319 youngman
youngman's picture

Wierd night............. its going to be a very wierd night...sung to the Black eyed peas song..I have no fucking idea what is going to happen....this market is so rigged with Governments and HFT computers.....I just don´t know

Sun, 08/07/2011 - 18:54 | 1534325 adr
adr's picture

if futures were up in the middle of the night then i would be worried. at night people tat actually know a thing or two are trading. with futures down this much it pretty much guarantees a PPT action. when i wake up i fully expect futures to be green and follow with a major rally.

unless we actally start trading with any type of rational thought and intelligence. like that is going to happen.

Sun, 08/07/2011 - 18:57 | 1534339 HungrySeagull
HungrySeagull's picture

I am sitting at the Silver and the sellers are playing courtship.

The sharks such as me continue to circle the edges of the target prices waiting to strike.

It's going to be a very long night. Thank god I heft metal coin instead of paper stocks.

Sun, 08/07/2011 - 18:59 | 1534347 Long-John-Silver
Long-John-Silver's picture

I'm not so much worried about a run on the banks as a run on the grocery stores.

Sun, 08/07/2011 - 21:55 | 1534928 StychoKiller
StychoKiller's picture

It'll take a few daze before the Ignorati figure things out...

Sun, 08/07/2011 - 18:59 | 1534352 FoieGras
FoieGras's picture

Bond market telling S&P they can go f*** themselves. The bond market has it's own intrinsic rating system. Currently it says Italy is crap and USA is AAA.

Sun, 08/07/2011 - 19:09 | 1534394 Spitzer
Spitzer's picture

No asshole

The ECB just doesn't want to destroy their Euro currency by buying enough Italy debt to make it appear safe like the Fed is doing. If the ECB bought as much Italy debt as the Fed buys US debt, Italy would look safe too.

Sun, 08/07/2011 - 19:09 | 1534395 Spitzer
Spitzer's picture

No asshole

The ECB just doesn't want to destroy their Euro currency by buying enough Italy debt to make it appear safe like the Fed is doing. If the ECB bought as much Italy debt as the Fed buys US debt, Italy would look safe too.

Sun, 08/07/2011 - 19:17 | 1534432 Doña K
Doña K's picture

Buying Italian bonds is equivalent to buiyng a factory pre-rusted Fiat 500. I think you've been eating too much French food.

Sun, 08/07/2011 - 21:32 | 1534807 tmosley
tmosley's picture

You do realize that most of that "market" is the Fed, right?


Sun, 08/07/2011 - 19:00 | 1534361 GD
GD's picture

A Franco-German assurance is not enough to stop the real situation. The EU is in deep trouble. Italy is broke. Spain is broke as well. Ireland, Portugal. Drachma dudes are all broke. Unemployments over 20%.. Stiff fiscal police now will mean pain for those countries immediately and will take years to take effect.Riots and other mass frenzy will soon break out. EUR is doomed as it is presented at the moment. The US printing money, Qe3 coming up. Preasure on EM, weak USD, Gold up, JPY dudes interventions. As some very good articles point out here at ZH and other sources, we have entered a whole new economical era. Unfortunately it is a dark one. Sad fucking scene.

Sun, 08/07/2011 - 19:05 | 1534375 jkruffin
jkruffin's picture

Just dumped all my gold and silver....thank you for all the can best believe that Gold and Silver are going to get taken down as part of the ECB/Bernanke attack this time....the paper trade will demolish gold and silver prices going forward.

Sun, 08/07/2011 - 19:13 | 1534410 Long-John-Silver
Long-John-Silver's picture

Will you come back crying when Gold is >$2,000 and Silver is >$50?

Sun, 08/07/2011 - 21:03 | 1534674 Papasmurf
Papasmurf's picture

All in or all out is a losing strategy. 

Sun, 08/07/2011 - 21:33 | 1534814 tmosley
tmosley's picture

Hahaha, another unworthy loses his chance to become an oligarch.

Thanks for you help.

Sun, 08/07/2011 - 21:41 | 1534846 trav7777
trav7777's picture

you're never going to be an oligarch, you sniveling, misanthropic bitch.

People like you are what's worst about PMs.  You're a vulture who just wants to be a slumlord.

Sun, 08/07/2011 - 19:05 | 1534378 monopoly
monopoly's picture

And the dollar is flat. Can you imagine. This may turn out to be a non event by 4PM tomorrow as far as the markets are concerned for the short term. Have no idea, just a thought. I may never trade this market again. Just not worth it.

Sun, 08/07/2011 - 19:06 | 1534382 slewie the pi-rat
slewie the pi-rat's picture

and as you can see, we have many ways to control any and all risks, here in our new, goobermint-approved casino.

and, we have a TV in every room!

enjoy your stay, and good luck!

Sun, 08/07/2011 - 20:02 | 1534599 DosZap
DosZap's picture

slewie, we are all HERE, and do not forget it.

Sun, 08/07/2011 - 19:07 | 1534384 monopoly
monopoly's picture

You sold your physical??? Are you serious?

Sun, 08/07/2011 - 19:11 | 1534399 Dangertime
Dangertime's picture

US markets to close green by end of day monday.

Sun, 08/07/2011 - 19:13 | 1534407 Slap That Taco
Slap That Taco's picture

Yup, Monday sometime in 2015.

Don't worry, be happy.

Sun, 08/07/2011 - 19:12 | 1534403 Slap That Taco
Slap That Taco's picture

Now, now, everybody be calm.

I'm sure everything will be fine.  

In 100 years, this will just be a blip on the screen.

Sun, 08/07/2011 - 19:15 | 1534419 Long-John-Silver
Long-John-Silver's picture

and a post in the history books calling this "Great Depression II".

Sun, 08/07/2011 - 19:18 | 1534440 Slap That Taco
Slap That Taco's picture

So, in addition to all the stuff we did back in 2004 or so, how do we profit off this motherfucker?


Sun, 08/07/2011 - 19:24 | 1534466 Spastica Rex
Spastica Rex's picture

I think they'll just stick with "Great Recession." IIRC, "Depression" was a propaganda term that, at the time, was more soothing than "recession." In future history books there will be a examination of how people were lulled into believing the Great Recession was over and on how the propaganda efforts finally failed and everything really went to Hell.

Sun, 08/07/2011 - 19:33 | 1534507 TheDriver
TheDriver's picture

This will be know as the transitory period.

Sun, 08/07/2011 - 21:16 | 1534413 Slap That Taco
Slap That Taco's picture

Jim Rogers talking reason on CNBC Asia, says downgrade should have been deeper.

I mean, even if he's right, just sayin'.....

Sun, 08/07/2011 - 19:18 | 1534438 Long-John-Silver
Long-John-Silver's picture

It should have been deeper. New Zealand is in a much better economic position than the USA but it has a lower rating.

Sun, 08/07/2011 - 21:42 | 1534854 trav7777
trav7777's picture

but the UK is in even deeper shit than either and it is still AAA

Sun, 08/07/2011 - 19:25 | 1534476 Mises
Mises's picture

Got FSG???

Sun, 08/07/2011 - 21:04 | 1534675 steve from virginia
steve from virginia's picture


There are a lot of problems out there besides EU and downgrade. Peak oil, China excesses, Japan demographics, revolutions in ME, Iran nuke, Israel disorder, UK riots (austerity related even though media skirts that factor), droughts worldwide and the massive and increasingly difficult to service public and private debts ...

There are reasons to be bullish: manipulated stock markets, fraudulent corporate balance sheets, willingness of sovereigns to support finance at the expense of ordinary citizens, reduced income reporting by tax havens ... diminishing real costs of yachts, sportscars and private jets ... less law enforcement, more corrupt courts, governments bought and paid for ...

Things are looking more bullish all the time ...

Sun, 08/07/2011 - 21:12 | 1534716 docmac324
docmac324's picture

Due to the unpresidented event, the market will be closed withing an hour of opening, if it opens at all.  Time to change the rules again everybody sorry, no blood bath here, move along.  Que up the Teleprompter and Chief in 6, 5, 4......


Any takers?


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