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)
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. .
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
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.
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.
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.
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.
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.
Just dumped all my gold and silver....thank you for all the gains....you 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.
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.
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.
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 ...
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......
Rates will still stay low. Qe3 and the kitchen sink!
Is this really a surprise?
this should drive stocks tonight i think
Pizza, check
Beer, check
Guns and ammo, check
Let the fun begin.....
Dow futures -301, it is going to be a long night....
-310, hmm I think I need to run out to the ATM, be right back......
It'll be empty by the time you get there.
That was great Long John, "empty". :)))) +1
211 now...bovespa up big so is Mexico...go figure
We would be shooting the wrong people if it comes down to this. Our bullets can't reach the real culprits.
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.
Dollar is paring losses. Almost at break even. OMG!!!
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)
And TBT will be a bad bet until it's not. It's part of my SHTF portfolio.
Probably another intervention by parties like the Bank of Japan - they already openly did it once last week.
Now that we have the S&P downgrade behind us. LET'S RALLY!!!
NO QE3 coming... we could carsh!
Carsh is optimistic.
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.
No need for carsh when there's Mastercard.
Repetitive troll is dull.
US Treasuries Bitchez! Must be a lot of forces at play here. Proceed with caution.
Got ATM?
Why the ATM? Are you expecting a bank run? Please throw some logic.
ATM = At the money
or
ATM = Automatic Teller Machine as in you better have some cash?
ATM = Ass to Mouth
[sigh] The Internet ruined me. That's all I think about now when I see ATM.
Treasury Futures -- now there's a classic oxymoron.
Geese give me the " Vanilla Options" @ xau 1.8k.
Gravity is a bitch ain't it?
TNU11 quoted @ 127'110.. up 0.25% on my screen. Barely moved.
USU11 is up on the day ... SP rating is joke. Downgrade debt and its value rises
Dude,
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.
Tricheur wants to continue to kick the can .... Supermassive black hole feeds ..... How long before crosshair on the head of dwarf Napoleon ?
the upside down usa treasury finally quacked up.
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. .
Um. ~2 months to the bottom.
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
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.
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.
I'm not so much worried about a run on the banks as a run on the grocery stores.
It'll take a few daze before the Ignorati figure things out...
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.
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.
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.
FoieGras
Buying Italian bonds is equivalent to buiyng a factory pre-rusted Fiat 500. I think you've been eating too much French food.
You do realize that most of that "market" is the Fed, right?
Schmuck.
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.
Just dumped all my gold and silver....thank you for all the gains....you 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.
Will you come back crying when Gold is >$2,000 and Silver is >$50?
All in or all out is a losing strategy.
Hahaha, another unworthy loses his chance to become an oligarch.
Thanks for you help.
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.
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.
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!
slewie, we are all HERE, and do not forget it.
http://www.youtube.com/watch?v=piW9MHpfCu4
You sold your physical??? Are you serious?
US markets to close green by end of day monday.
Yup, Monday sometime in 2015.
Don't worry, be happy.
Now, now, everybody be calm.
I'm sure everything will be fine.
In 100 years, this will just be a blip on the screen.
and a post in the history books calling this "Great Depression II".
So, in addition to all the stuff we did back in 2004 or so, how do we profit off this motherfucker?
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.
This will be know as the transitory period.
Jim Rogers talking reason on CNBC Asia, says downgrade should have been deeper.
I mean, even if he's right, just sayin'.....
It should have been deeper. New Zealand is in a much better economic position than the USA but it has a lower rating.
but the UK is in even deeper shit than either and it is still AAA
Got FSG???
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 ...
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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