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BTFD
Whether it was stocks, credit, gold, silver, oil, EURUSD, or conk shells, the message we were to believe was clear - BTFD today. As if by clockwork, Europe closed and US equity markets surged - seemingly forgetting that Europe will re-open again tonight but should you need any reassurance of what your pre-assigned Pavlovian role in this tragi-comedic dance-with-the-devil is - we suggest the following clip as a reminder.
or perhaps the following tweet we pushed earlier will clarify:
World's shortest newsletter: "It's 11:29 am: SELL; It's 11:31 am: BUY." That will be $29.95 weekly please.
— zerohedge (@zerohedge) May 8, 2012
but of course - as a reminder - the only reason this market is ramped - is to enable size sellers to unwind a little more with a little less pain...and sure enough heavy volume and large average trade size stepped in and dipped us off the highs into the close of S&P 500 e-mini futures...
And while everyone will be chatting about Oil's drop and how great that is for consumers - well they BTFD there too so not so much sorry...
But for a little clarity of equity's exuberance - the late-day surge took S&P 500 futures well beyond risk-asset's view (CONTEXT) of the world as EUR and Treasuries were not buying it (after being highly correlated all day)...
As a side note on the hilarity, AAPL was one of the bigger dips bought today as it tested down to pre-earnings-week lows and closed the day-session today almost perfectly at yesterday's closing VWAP (must be sheer coincidence we guess) haveing found resistance above at Monday's closing VWAP (again pure coindince we are sure)...
And finally - our late-day tweet offering as much valuable advice as the most expensive newsletter...
Here is today's other offering: "It's almost 4:00 pm - market will soon realize Europe is opening tomorrow" That will be $29.95 please
— zerohedge (@zerohedge) May 8, 2012
Charts: Bloomberg and Capital Context
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I love that video. I think I must have watched it ten or fifteen times in the last year.
It's a buy the dip scheme!
Once again only the PM's are telling the truth, as everything but them came back by the close.
*LOL*
Holy Cow! That is some INCREDIBLY STRONG Kool-Aid you're drinking, sir. It doesn't matter how poorly silver and gold perform, you guys never miss an opportunity to spin your losses into something positive. I swear, if silver/gold lost 75% of their value, you idiots would be saying, "This is fantastic! Even though my life's savings is in PMs and I've lost 75% of my wealth, this collapse only enables me to buy more! I hope it goes lower!"
mf
Gold is a serial loser. If you own gold it is a serial killer
Gold is a serial loser. If you own gold it is a serial killer
Bernie, is that you?
The flouride is strong with Max.
Consider the events in Europe of the last 3 days. TPTB are throwing everything they can to keep the price of silver and gold down in an attempt to reduce it's attractiveness and to shake out the weak long hands. You know the end to the ponzi is near when the MSM trots out guys like Gates, Munger, and Buffett, who say astoundingly stupid things, for what are otherwise intelligent human beings.
Garments and caves? come on....
Stay strong ZHers last call for silver and gold!
last chance to pickup cheap metals....
Blah, blah, blah.... heard that all the way up to $50. Where's TMosley? Where's Turd? Just yesterday, he told everyone that gold wouldn't go under $1625:
.......Regardless, the area between 1625 and 1635 has been solid support for some time now and I do not expect that area to give way......
http://www.tfmetalsreport.com/blog/3768/driving-mama-ferg
MF
Edit in: You edited your post and took out the quote I was referencing. I wonder why?
I think you like to buy sheep dip.
You can't edit a post after someone replies to it...douchebag.
He edited it a minute before I posted mine. Then I went in and posted the "edit in" part which changed my time stamp.
Was it really that difficult to figure out?
MF
LOL you quoted me last chance to pickup cheap metals.... then you bitch about me taking it out like I knew what you were going to post a comment quoting it.
Your arguments are weak just like your mind.
I've been hearing the "gold buyers are idiots" argument for 10 years now... I started buying at $318 for the same reasons I'm buying right now.
I'm sure this Max dude has picked every bubble top for gold in the last decade (I heard 'em all), and was probably defending the credit system in 2007 and 2008. "If only the idiots didn't get all filled with animal spirits, it'd all have been ok" type. You know 'em. Yet they think they can call a top in PMs.
I guess the Chinese are serial idiots, loading up on these useless lumps of metal to fondle for a hundred years.
Either that, or they're going to buy Iranian oil with it....
Nah, they are not using their gold to buy oil. They use our US dollars. Surely, they have more of them than we do.
Actually, the Chinese probably are serial idiots, at least judging from much of their recent history, and of course judging by their appointed shill, AnAnonymous. Mao and his policies were responsible for upwards of 50 million deaths, yet his ugly mug adorns all their fiat. Then there was that "turn your plowshares into steel ingots" thing. You can't eat steel ingots (nor till your fields with them). I believe it was during that dark period of their history they developed a taste for dead babies.
I like gold, but using the Chinese as an argument for holding it is like having John Wayne Gacy vouch for you at an adoption hearing.
Max, you spend an awful good amount of time chasing PM threads for someone that has better things to spend your money on. Why spend so much time tracking Turds comments? Me thinks you're either a troll or a shill (and friend, those are both bad titles)
I rarely see gold bugs trolling paper-chasers on equty threads, but get a gold or silver topic started and the equity trolls forget all about their own scottrade accounts to spend the last wakeful moments of the day slamming honest money investors.
by the by, Jason Schwartzman was much better as cool ethan in grandmas boy. Love that flick..
So it's your position that there will be no more easing?
Some have not put two and two together, and are a little red assed.
Remember what happened the last time the gold bashing bunch appeared on TV?
If it is not Bernie, then it has to be Buffet or his side-kick Charlie....where's all those cute TV girl interviewers when I need them...someone turn on the damn light so I can see what's happenin'..
...doing GOD's work...GS-DickinDaMuppets
Gold, Silver, Guns and Ammo are the only things that make it out of this shitscheme-supreme we are in. Period.
Max,
Dudeski....................your drinking the Koolaid.
Hopefully your old enough to realize that there is NO loss, unless you SELL.
Paper losses, that are at best temporary, are not in the long term mindset of most here...........just yours and MDB.
Ya'll Brothers?
That's good to know. I was starting to get scared that my TWA, WorldCom, Enron, Old GM, and Lehman shares were worthless. Glad to know that's not true as long as I never sell.
CvlDobd
We aint taking paper dude.........................BIG diff.
I agree with you to an extent. I hold physical metals because I believe that, barring alchemy, they will never be worthless and if held at home/safe/yard/lakebed are difficult to confiscate.
So I'm not super concerned about the price.
Still, I don't see the difference between buying gold coins at $1900 and gold goes to $400, versus buying Enron at $50 and holding until the pink sheets. Still quite a large drop in paper value. Say what you want about paper but I have yet to have a merchant turn it down.
"Say what you want about paper but I have yet to have a merchant turn it down."
Past performance is no guarantee of future results.
Let your ex girlfriend play with 'em for a while...then ask the fence what he paid/got for it...
Also, theres a big difference in 1900 going to 400 (which won't happen) and 50 going to ZERO. Enron = ZERO. If by some chance gold DOES go to 400, the DOW will tank and so will food and energy costs. I will probably still be able to buy the same number of gallons of gasoline and the same amount of food with my $400 worth of gold as I could have at $1900. You can still buy a gallon of gas for 20 cents if you have 2 1964 dimes.
Say what you want about paper but I have yet to have a merchant turn it down.
Not yet, anyway,and your talking fiat, not stock, or other paper contractual investments..............................hopefully never. Because at my age, I am too old to go to war.
The main difference, your Enron went to ZERO,PM's will never go to zero.They WILL osicllate in value, and fiat pricing, but unlike anything paper,they can never be 100% worthless............and that is the main point.
Paper anything, is subject to one thing TRUST,if that is lost party's over.
I will go with the big dogs, and their advice, and some limp wrist here(not you Cvl), has ZERO standing to their hundreds of years of combined experience.
Would you rather get advice/recomendations from Billionaires,or an unamed poser poster?.
I know who I will throw in with.
I'm agreeing with you guys, see my point on alchemy.
A drop from 1900 to 400 is a paper measurement is it not? That's what I am talking about, paper losses matter because there may come a point at any time that you need assets now and can't afford to wait for a trade to come back in your favor. That is my scenario anyway. If you are wealthy/diversified/etc. enough to avoid that then my hat is off to you.
I too am concerned for the future of paper, hence the metals ownership.
At this point though, my paper bills have some value as do yours. I'm sure you pay your bills with some from of fiat, paper or electronic.
I think of it this way. If paper losses didn't matter, all us Zero Hedgers would be levered up long bank stocks because they don't have to mark to market and we know paper losses don't matter. I for one disagree with that. I don't touch financials, even for a trade, because I believe that unrealized losses on balance sheets can affect interbank confidence.And shit can go to zero real fast i.e. Lehman.
So in summary, I agree with you on the physical side and am not concerned with fiat value of my physical holdings. Also, I don't believe gold and silver will ever be worthless. I was attempting to discuss my views on the importance of unrealized paper losses. I hope that clarifies things.
Cheers.
Thats why you don't go 100% metal. You keep enough of your paycheck/savings to pay the bills every month, and if you have some savings left over you stack. If you have a job, save some dollars and save some metal. Don't leave it all in the bank at .0001% interest. I've got cash if there is a crash, and i've got metal if there is more QE.
You never go full metal!
I have very little in the bank. Enough to pay a few months bills. Most of my cash is in the safe. I eliminate the risk of being corzined by the bank. At least a true robbber would have to have some skills to break the safe versus transferring some 1s and 0s that, as you pointed out, don't earn shit anyway. I agree with you 100%.
Keep PMs and cash.
And keep neither in the bank except to keep accounts open.
Comparing PM's to ONE stock is not a fair comparison. As an asset class, commodities and Monetary metals in particular have crushed equities in the past 10 years. And when you factor in the massive supression scheme going on with gold and silver, it becomes a no-brainer.
Thanks for proving the point. To that list you can soon add LinkedIn, AAPL, Pandora, GM, etc....
Hopefully your old enough to realize that there is NO loss, unless you SELL.......
This is BULLSHIT. The entire Wall Street complex nearly went insolvent due to MBS's and CDO's that they couldn't sell.
Furthermore, I'm sure this is very little comfort for all the bagholders of silver who were duped into buying all the way up to $50 last year by the incessant pumping of silver by those who truly don't know what the fuck they're talking about..... "price doesn't matter!.... silver to parity with gold!..... buy silver, crash JPM!.... the Comex is imploding!......... the silver industrial panic is coming!.......
*LOL*
MF
Going to be seeing a lot more of this douchebag in the coming days, rhetoric and propaganda volume will be set to 11.
Most of these idiots have changed their handles so many times I can't remember who is who.
Is this Max douchebag Red Neck Repugnant or Spalding Smailes?
He was RNR. Doesn't mean he wasn't also SS.
Maxine is just feeling a little overemotional. You know, the monthly visitor.
Max Fischer received a 5 year plan of bullshit spewing, but he swore to fullfill it in 3 years. So he is here, working hard on this board.
He does believe that his bullshit make him one of 1%ers.
If you're buying metals from savings then there is no such problem. You're talking about leverage, and if you're leveraging up to buy precious metals then I don't think you really understand the case for owning physical precious metals, as their benefits really come from shielding you from systemic risk, and taking on debt opens you up to a whole load of fragilities, rate spikes, margin calls, etc.
Bennie Boy,
You are going to hate yourself in a few months, or years.
Go ahead, and be the ranting arse.And, yet once again you are comparing PAPER with a metal tangible asset of VALUE,that is real.
Realize the difference to know where I am coming from.
QUESTION and fact................................did anyone lose money on Physical if they still are holding it?.On paper yes, if you SOLD it would they lose,yes.
If you have no intentions of selling............you have lost nothing.On a long enough timeline,the way things are, we will WIN.
We have a system here called DCA, you know what that is..........................do the math.
fucking stupid.
Only a fanatic would convince themselves that they're right whether silver/gold goes up or down. Your attachment to metals is too emotional, and you've convinced yourself that no matter what happens to the price, you win.
That's the quickest way to go broke I can possible fathom.
MF
"That's the quickest way to go broke I can possible fathom." - Silver and Gold have outperformed any other asset on the market over the last 10 years and most of us have been buying for years. Couple that with HUGE sovereign risk across the board and the logic is undeniable: We have and will continue to prosper from our metal purchases in this paradigm or the next.
My ignernt ass loaded up back in '06 for under 500 (fucking all time high, i know), now look at me.
Some days don't pay to get out of bed i guess.
We did own excite@home back in the 90's. Only stock that ever went to zero on us. I did have to point a gun "in the incorrect direction" to get that sell at Citi. Right at the high I might add. That piece of crap went to a buck! I'm still not sure if I should have bought Ford at a buck a share now. Does any of this make sense? I do agree "gold will not go to zero...or even a Citigroup dollar." why is everyone so defensive when it comes to breaking banks around here?
'Silver and Gold have outperformed any other asset on the market over the last 10 years and most of us have been buying for years.'
Precisely. Long run, gold is a zero real return asset. An ounce of gold would buy a fine toga in Augustan Rome, and it will buy a fine suit today. Gold maintains purchasing power over time -- no more, no less.
So when gold greatly outperforms inflation for an extended period, it might just be overbought. Absent a reliable valuable metric for bullion, no one knows.
But true-believer chest-pounding proclaiming "Bring on de price dips so's ah kin buy mo'" usually means it's quite late in the day.
Gold is a unique, wonderful and valuable asset -- but not at any price, and not as a dominant holding in your portfolio.
You have been warned.
I think you should warn China they bought 19,729 kilograms in Q1 2011 and increased their purchases 6 fold to 135,529 kilograms (135.53 metric tons) in Q1 2012.
Enough with this comparison of 1 toga = 1 suit = 1 ounce of gold.
Is the clothing of rich people really the appropriate way to measure the Purchasing Power of Gold?
Why not make another example that is more important for our lives (and also has been in ancient rome):
With 10 ounces of gold you could probably buy a nice piece of arable land WITH a small roman villa on it.
But you cant buy that today. You would at least need todays gold price to be 10 times higher.
So lets remind ourselves what REALLY is important in life: Some land, a house, growing your food.
I dont care about rich peoples expensive suits... I am more into functional clothing anyway, lol
actually, the quickest way to go broke is to follow the herd sheep...
OHHHHH NOOOO RED NECK REPUGNICANT/LIBERTARIANS FOR PROSPERITY/TEXAS GUNSLINGER! My barbaric relics are going to ZERO! Soon they will get de-listed from the CME/Nasdaq/S&P/Dow Jones! AHHHHHHHH!!!
Get a life, loser.
Maxine Fischer, Harena in Femina Genitalibus, said:
Psssst...wanna buy some Greek bonds? I can make you a good deal.
There's over $15 (make that 16!) Trillion reasons why we're heading into a cul-de-sac. Look up Exponential functions, then check yer premises.
MF?
MF Global??
DID YOU WORK FOR MF GLOBAL YOU FUCKING COCKSUCKER??
YOU GOT ALL THE FUCKING GOLD??
HUH??
Iranians and Arab Spring countries are buying “massive quantities of gold” in order to protect their wealth from political instability and depreciating currencies.
Iran boosted imports of gold, jewelry and precious metals from Turkey by 3,692% from $13 million in March a year ago to $480 million in March 2012, according to the statistics agency in Ankara April 30 - as reported by Bloomberg.
The gold market was the biggest contributor to a $4.3 billion improvement in Turkey’s trade balance this year. That has aided Turkey and sent Turkish yields on benchmark two year notes 155 basis points lower this year. This is the biggest drop among major developing nations.
While Turkey has assured the U.S. government it will cut purchases of oil from Iran by 20% this year, its total trade with the Islamic Republic increased 47% to $4.8 billion in the first quarter from a year earlier.
Sanctions aimed at isolating Iran because of its nuclear program, combined with revolutions in the Middle East, have spurred a tripling in the region’s purchases of Turkish precious metals and jewels to $942 million in the first three months, from $282 million in the same period last year.
This 30% increase in demand is contributing to gold remaining above $1,600/oz in what has all the hallmarks of another period of consolidation prior to higher prices.
“Turkey is exporting massive quantities of gold to Iran and Arab Spring countries as citizens in those countries switch to portable wealth,” Mert Yildiz, chief economist for Turkey at Renaissance Capital, told Bloomberg on April 30.
The increase in trade with Iran comes as sanctions make it harder for trading partners such as Turkey, India and China to pay in dollars and euros.
Iran said in February it would accept payment in any local currency or gold.
Reuters report today that Iran is accepting payments in yuan for some of the crude oil it supplies to China, the Iranian ambassador to the United Arab Emirates said on Tuesday. "Yes, that is correct," Mohammed Reza Fayyaz told Reuters when asked to comment on an earlier report in The Financial Times.
The newspaper cited unidentified industry executives in Beijing as saying most of the oil that goes from Iran to China is handled by the Unipec trading arm of Sinopec China's second-largest oil company, and through another trading company called Zhuhai Zhenrong.
Fayyaz also confirmed that Iran was spending the currency on goods and services imported from China.
While Turkey has agreed to cut oil imports from Iran, its officials have said they aren’t bound to abide by broader sanctions imposed by the U.S. and European Union, which are stricter than those from the United Nations.
Turkey imports almost all of its energy, and every $10 a barrel increase in the price of oil adds about $4 billion to Turkey’s import bill.
Iran supplies about 40% of Turkey’s oil, making it the largest single source for the fuel, according to the Energy Ministry. The country pays about $6 a barrel less for Iranian oil than Brent crude, according to a Goldman Sachs Group Inc. report in March.
The narrowing in Turkey’s current-account gap has helped buoy the lira, with the currency appreciating 7.3% against the dollar this year following an 18 percent slump in 2011, the biggest drop worldwide.
Turkey has been a net exporter of more than $1 billion of gold, jewelry and precious metals so far this year after importing a net $411 million in the same period last year, according to official statistics. Turks give gold as gifts for events from births to weddings, and have traditionally used the metal as a store of value against yearly inflation that was more than 70% as recently as a decade ago.
Turks are believed to have a massive 5,000 tons of gold “stashed under their pillows.” So estimated Ozcan Halac, head of the Istanbul Gold Exchange, in March. That’s about $265 billion, or a third of Turkey’s gross domestic product, based on a gold price today of $1,640.29 an ounce.
In March, The Wall Street Journal reported how this Turkish government, facing a bloated current account deficit is to attempt to persuade Turks to transfer their vast personal holdings of gold into the country's banking system.
http://www.marketoracle.co.uk/Article34555.html
I hope we see you as much as we do right now when the next big rally is there asshole.
He's been calling for gold under $1200 since last year.
When he was "Libertarians-for-Prosperity", he claimed he wasn't "Red Neck Repugnicant" and also claimed QE2 changed everything so all his dumbass analysis about the future was in fact null and didn't matter, and not at all blatently wrong.
Exactly.
RNR post: http://argos.zerohedge.org/article/full-criminal-complaint-and-affidavit...
LFP Crossover post: http://www.zerohedge.com/news/precious-metal-margin-warfare-jumps-pacifi...
RNR stating there is significant risk of gold under $1000 back in July of 2010: http://www.zerohedge.com/article/gold-plunges-paulson-liquidation-specul...
You could make the case that he was MathMan as well: http://www.zerohedge.com/news/market-closing-snapshot#comment-2017269
"I think everyone at ZeroHedge should pay their respects to MathMan for being THE ONLY ONE right about silver this year. He called the collapse in the Spring, and he called for silver to fall back to the 20's by year end" 12/28/11
Just for fun: http://www.zerohedge.com/news/goldmans-head-gold-trader-recoupling-betwe...
"If not for QE2, deflation would have ravaged this country, and gold would have been under $1000. I'm sure when QE2 was commenced, RNR changed his opinion dramatically. Anyone would have.
Third, neither RNR nor I happen to run a precious metals website. I don't pretend to be a professional, nor do I give investment advice. Big difference."
Mister MF, you seem to only laugh after the fact and point to current market moves to make your point. Have you posted YOUR take on the FUTURE of PMs and the market in general? If you answer "yes" I will galdly do my homework and search it out. I'm not a trader, I'm a trapped 401ker who has been accumulating PMs for quite a while because I have small children that I want to protect after I'm gone. I didn't buy silver at $50. But I did pick some up in the high $30s and once at $40. I'm still learning, and will continue for quite some time. But who the fuck are you to pop in once in a while with what is basically a "nyana nyana boo boo" and not offer any sage advice?
Enough of the dandilion one-hitters for you!
@mf:
Your statements might ring true except for one small point. Unless you sold your PMs, your asset wealth would remain unchanged, (you would still hold the same number of ounces of PMs). Their value relative to Federal Reserve debt, (dollars), might appear diminished, but since the Fed, through banksters are actively involved in suppressing the true value of PMs, this 'devaluation' is as much of a fraud as is the value of equities. BTFD is insane if you are talking about equities, but an astute plan if you are acquiring PMs, (imho). And unless you haven't been doing your homework, PMs will go lower when the equities markets suffer their upcoming bloodbath. Everything will, but for PMs, it will not be for long as people rush to the protection PMs provide. Remember, it will be value relative to USDs, (or Euros, Yens, etc.).
One day you will look back at all the things you said here, and laugh at how silly you were. I promise.
Why wait, some of us just laugh at him now.
No time like the present.
Let it be known that Max Fischer is the half breed ape child of Charley Munger and Nancy Pelosi!
Well, that's YOUR take on things. Reality, on the other hand, tells a different story:
Financial Face-Off: Warren Buffett Vs. Gold and Silverhttp://finance.yahoo.com/news/financial-face-off-warren-buffett-19210010...
http://www.kitco.com/LFgif/au00-pres.gif
I've done OK with gold, more kool-aid please.
ACCUMULATION/DISTRIBUTION LINE HITS ALL TIME HIGH IN GOLD & SILVER
While I don't adhere to Technical Analysis for short term moves, I still think it has merit in looking at longer term trends. If we look at the Gold and Silver Chart you will see that the Accumulation/Distribution line is hitting new records in both while the prices of both metals continues to get clobbered. Normally the ACCUM/DIST line falls with price. But in both gold and silver the ACCUM/DIST line disconnected in the Fall of 2011. INSERT CONSIDERABLE MANIPULATION HERE...
These charts are at Turds Blog:
http://www.tfmetalsreport.com/comment/163489#comment-163489
Asians are as steady as rocks when it comes to their personal finances. They believe the trend is clear and will not slow down their accumulation on a price decline
and will not slow down their accumulation on a price decline
Not if their in their right minds,I am also in camp we will see better pricing in the coming weeks, as it continues to melt down over there.(and the USD will spike temporaily and give us a bone, UNless QE 3 comes first).
I quit reading when people misuse their, there and they're.
*
You are using their in place of they are. Therefore it should be they're.
"not if they're in their..."
Or, not if they are in their right minds,I rarely ever see they're used in sentences.
"...not if they're in their there..."
Fixed! You're welcome!
There, there now. Let's all get along.
Or should it be, "They're there now, so we don't need to get along?"
'Not if they're in their right...:
Fixed ... not that I care....
Guess I shouldn't respond if I don't care, but I did!
Are you a trader? (that's a rhetorical question)
Guess I shouldn't have responded if I don't care, but I did!
I care because you do... http://www.youtube.com/watch?v=34QXu__ywY8
Let's hope you never have to communicate in an acquired language then. Karma is a bitch.
Her'e ,hea're !!!
They're in their glory over there.
To paraphrase Mr. Rockefeller:
"We are grateful to The Fed, The ECB, BoJ and other great Central Banks whose management respected their promises of manipulating the markets in the previous years.
It would have been impossible for us to stack physical if we had been subjected to the skyrocketing prices of a free market. But, the world of finance is now more sophisticated and prepared to march towards the abyss. The value of physical assets is surely preferable to the worthless pieces of s#@t that you have been printing."
Spoken like a true oil man.
how do they do that?? what kind of might is that??
BTFD Got-It. I'm hearing Silver may even touch $ 28.00 before it shoots up...
It's BTFDYFI, YFI.
przerazic sie nie na zarty
do not double dip that chip
27$ 17$
Tempt fate much? Have fiat will buy ASAP.
All has been priced even the Book of Revelations itself.
STFR#, Female Dogs!
This market is more propped up than a Weekend at Bernie's.
The whole market IS "Weekend at Bernie's"...
Weekend at BernANKies...
WB7 incoming. if he hasn't gotten to that one yet!
"The whole market IS "Weekend at Bernie's"..."
That pretty much sums it all up. +1000 to you
Dig this.....................
http://finance.yahoo.com/news/bank-of-america-offers-principal-reductions-to-200-000-homeowners.html
Now why couldn't most of us bought a new mansion, and get it for 50% off?.
Un-fucking-real
LOL! I MUST remember that -- even the Book of Revelation is priced in! Best laugh all day!
H-M-M-M-M...
John Houseman Bitchezzz
Odd , the metals didn't follow the markets back up .
/s
It seems the reason put forward by talking heads is that Greece is such a small economy. While this is true, the implications of an euro-exit or Greece going Icelandic policywise are huge. It will blow a hole in confidence throughout Europe (as if there was a confidence left to torpedo).
Who needs an economy? We have PRINTED prosperity now!
that about sums up my view from the sidelines these days - i was literally laughing when /ES starting ramping.
That's some funny shit there. I'm a little unclear though, Buy the Fucking Dip?
Too funny.
No. I am not playing their game. I will not BTFD!
I'd buy that for a dollar!
http://www.youtube.com/watch?v=85cL1HisrNc
More like forced short covering by the Computers. Did not cover on the sell down in the morning then you will chase it higher to the end of the day.
Or Short the open and cover before 11:00AM. Then re short at the high.
It conditions Shorts to cover at 11:00Am. One day it will go even lower after they cover as there will be no support.
There may come a time soon when Europe will not re-open. I would think that would NOT be a good time to buy equities.
I agree with this. Europe looks more like Japan everyday. "From 40, 000 to 10,000...and that's it." trading will dry up at some point. "that's when sovereign debt get's interesting" since unlike Japan/Tokyo Europe doesn't strike me as a natural currency union.
Be sure to load up on GS, MS, JPM and BAC. But don't settle for electronic shares in your Scottrade account. You will want the actual physical certificates if you want to survive the coming crash.
After Bear Stearns and Lehman, I would not touch the Banks with a ten foot pole.
H.m.m.m.m.m.
Conch shells...and if your lucky you may get a pink Conch Pearl.
We seceded long ago.
The Conch Republic is a micronation declared as a tongue-in-cheek secession of the city of Key West, Florida from the United States on April 23, 1982. It has been maintained as a tourism booster for the city since. Since then, the term "Conch Republic" has been expanded to refer to "all of the Florida Keys, or, that geographic apportionment of land that falls within the legally defined boundaries of Monroe County, Florida, northward to 'Skeeter's Last Chance Saloon' in Florida City, Dade County, Florida, with Key West as the nation's capital and all territories north of Key West being referred to as 'The Northern Territories'."[4]
While the protest that sparked the creation of the Conch Republic (and others which have occurred since then) have been described by some as "tongue-in-cheek", they were motivated by frustrations over genuine concerns. The original protest event was motivated by a U.S. Border Patrol roadblock and checkpoint which greatly inconvenienced residents and was detrimental to tourism in the area.
The Conch Republic celebrates Independence Day every April 23 as part of a week-long festival of activities involving numerous businesses in Key West. The organization – a "Sovereign State of Mind," seeking only to bring more "Humor, Warmth, and Respect" to a world in sore need of all three according to its Secretary General, Peter Anderson – is a key tourism booster for the area.[citation needed]
http://en.wikipedia.org/wiki/Conch_republic
BTFD!
The Conch Republic starts at the 7 mile bridge and goes south to Key West or maybe the dry Tortugas. North of that is a suburb of Miami.
the inspirational roadblock was 18 miles north of Key Largo on US 1 70+ miles north of Marathon.
No one who lives in the Keys considers themselves suburbanites of Havana err...Miami.
I called the bottom {not that suicidal alcoholic Mark Haines} on March 6, 2009. I went full retard in insurers, financials and transports. Made a killing. This has been going on for over three years now, much longer than I ever dreamed, and I suspect has another 9 months or so to go. This reminds me of a ponzi that was going around big back in the mid 1990s called "The Circle of Friends". The whole thing worked like a charm, returning $10k for just a $500 initial deposit. Until like all ponzis, they run out of suckers. We are not out of suckers just yet, but we are getting close. I suspect we will see a market fail just before the old high of 14k.
The SHBL (sell high, buy low) trading mantra also works in this market.
The crackerjack gold doomers only buy.
and if I'm wrong all that will happen is that I'll be stuck with a bunch of very heavy metals (lead and gold)...but if I'm right.....what will YOU do?
conch shells aren't worth shit. in north america, wampum was king. it was cut/carved/polished from whelk and quahog. now buy the fuckin' clam dip
Humm...... Buy fucking you dip... No. Dip fucker buying the.... That's not it. Uh.... Dip shits fucking buyer....
Dammit, can I see that again?
This is it: "Fuck Buying The Dip"
FOSL, buy the dip....
well, at least I CSS on TFD ... but i still can't bring myself to actually BTFD, maybe I can hire that Whole Foods mascot guy to do it for me ...
Great article. Short and powerful.
Looks like the banksters are using the FED to transfer the money to them with machine-like precision.
This article along with the Casey Research article on Gov't are my two favorites of the year.
I think you can trade many ways. Long or short. Short at the pump in the morning at first open and wait for the sell off. Cover before 11:30. Re short at the pump at the end of the day.
Or Buy the Dip in the Morning wait for the pump and sell. Re buy around 11:30 for the afternoon pump and then sell before the end of the day.
Although, with the stock prices I prefer to be on the short side. I would not want to get stuck at the top. Best to be out of your position at the end of the day. Never know what they will do with futures. That way you can decide how to play the day based on the open.
and so nothing is "created or inovated", ever. Paper here, paper there....Paper is debt, capital was used up 15 years ago...
It's why we are where we are....
I agree the BTFD strategy works even better if you first employ the STFO methodology (Short the Fucking Open) and, if any 'idgits' question your wisdom, STFO can be quickly morphed into STFU (yes, that's "Shut the Fuck Up").
We need a BTFD for dummies book.
You mean you nned it
"Over There". As if it were 1941-- well, pre-December 7, 1941.
Here is my advice to all you cumpulsive gamblers that live your mundane lives at the Wall St. Casino everyday... Join Gambler's anonymous now so that when the Casino burns to the ground you will at least have started therapy and it won't be such a shock. There is no mathematical way that the entire derivitive ticking time bomb isn't going to blow. Europe is going to light the fuse and when it does you can count on the entire Ponzi to completely collapse. We are living in a different dimension now, mostly synthetic and it has all been created by the Global Banking Kleptocrats with the support from the FED and their leaders. When this finally comes unglued, maybe just maybe the people will finally realize how badly they have been looted and hoodwinked into supporting their complete takeover of the entire globe...
I'm lovin' this Max Fischer twat. He's an A Grade Dickwad.
Keep going son, we're all having a good laugh at your expense.
Robots at some point will STFH (sell the fucking high) but...
BTFD Cup of Fornication, get it right! Drinky drinky.
...and that's the prophetic revelation of the Golden BTFD Cup of Fornication, ...in the Whore of Babylon's drunken hand, filled with the Wine of Wrath, as she rides the globalized market bull, ''The Beast'', ...down ...down ...down inside the bottomless black hole.
...Bitchez. http://www.youtube.com/watch?v=GbC_571dksE
Side Note: SkyNet Drones
ON SALE NOW!
ONLY $666
http://www.activistpost.com/2012/05/drone-deals-go-international-with-no.html
...shipping and handling paid by tax payers not yet produced by tax payers.
http://www.businessinsider.com/unmanned-poison-drones-threatening-the-olympics-are-worrying-the-uk-military-2012-5
http://blog.alexanderhiggins.com/2012/05/07/dhs-release-potential-superbug-cousin-anthrax-boston-terror-drill-130521/
http://www.dailymail.co.uk/sciencetech/article-2138805/Bird-flu-Science-journal-publishes-details-deadly-virus-cause-global-pandemic.html?ITO=1490
Remember FDIC http://www.rense.com/general15/3wwho.htm http://www.rense.com/general30/cart.htm
P.S. http://www.theblaze.com/stories/egyptian-cleric-claims-muslim-brotherhood-presidential-candidate-will-make-jerusalem-the-capital-of-the-caliphate/
"it's different this time"
Buy the dip ---> pump and dump ---> repeat
Also,
The Truth Behind the Unemployment Numbers + Stimulus vs Austerity
Facebook Roadshow Presentation
S&P 500 timing system returns 289.81% over the past five years When to expect the next round of QENow I understand! Zero Hedge is a woman...
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