• BullionStar
    05/30/2016 - 21:24
    The US Gold Market is best known as the home of gold futures trading on the COMEX in New York. The COMEX has a literal monopoly on gold futures trading volumes worldwide, but very little physical...

Credit's Not Buying It

Tyler Durden's picture

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Fri, 09/16/2011 - 16:00 | 1678374 101 years and c...
101 years and counting's picture

squeeze the shorts before the markets implode.

Fri, 09/16/2011 - 16:00 | 1678376 zorba THE GREEK
zorba THE GREEK's picture

Credit never lies.

Fri, 09/16/2011 - 16:27 | 1678481 X.inf.capt
X.inf.capt's picture

either does physical PM's

Fri, 09/16/2011 - 16:05 | 1678399 Comay Mierda
Comay Mierda's picture

keep the serfs ignorant and you can take everything they own

Fri, 09/16/2011 - 16:05 | 1678404 Cleanclog
Cleanclog's picture

Perfect presentation of American attention.  Sigh

Fri, 09/16/2011 - 16:33 | 1678409 Cdad
Cdad's picture


**Now who could junk J. Aniston?  Personally, I think the chart above should be replaced with her pic**

Fri, 09/16/2011 - 16:38 | 1678519 GeneMarchbanks
GeneMarchbanks's picture

a homo.

Fri, 09/16/2011 - 16:47 | 1678546 john39
john39's picture

clearly brad thought angelina had more refined qualities...

Fri, 09/16/2011 - 16:51 | 1678563 Rodent Freikorps
Rodent Freikorps's picture

If so, he would be right.

Fri, 09/16/2011 - 18:12 | 1678806 jdelano
jdelano's picture

Doing heroin, injecting you ass fat into your face, and adopting 19 third world babies so you can go around being a sanctimonious frigid bitch are what passes for refined nowadays? Gimme Jen--she's gooder people.

Fri, 09/16/2011 - 20:37 | 1679071 trav7777
trav7777's picture

she's old...who gives a fuck about her?  She has no discernable talent either and all those pics you drool over were after 4 hrs with a makeup artist. 

Fri, 09/16/2011 - 16:13 | 1678442 sodbuster
sodbuster's picture

Too bad that weren't Geithner and the Bernank- could've just shoveled the hole in.

Fri, 09/16/2011 - 16:21 | 1678473 NotApplicable
NotApplicable's picture

A giant onion, you say? Do go on!



It's a friggin' monkey.

Fri, 09/16/2011 - 16:45 | 1678537 duo
duo's picture

Sad about the plane crash.  Looks like a stall turning base-to-final.

A little watering and good soil will keep puppy-size cracks from appearling in  N. TX soil.

Link to Instant Noodle Museum more interesting than giant onion.  Never has so much sodium been placed into such a small styrofoam container.

Fri, 09/16/2011 - 20:38 | 1679072 trav7777
trav7777's picture

never even close when i was flying...know your approach speeds.  Nothing else really matters.  They may have crossed the controls, who knows

Fri, 09/16/2011 - 21:24 | 1679126 IQ 145
IQ 145's picture

"know your approach speeds. Nothing else really matters."  Well, I'm glad you're not still flying. I think. "They may have crossed the controls" There must be a less probable statement that could be made, but off hand I can't think of what it could be. The aircraft is described as suddenly "The left wing went down, and it spiralled into the ground" Tell us, oh master of aviation; what is the one hundred percent certain symptom of a low speed low altitude STALL in an American Propellor tractor aircraft? "The left wing will drop". You're beginning to annoy me.

Sun, 09/18/2011 - 13:40 | 1682189 LongBallsShortBrains
LongBallsShortBrains's picture

Approach speeds don't matter.

Angle of attack does, and was probably exceeded.

Fri, 09/16/2011 - 21:26 | 1679133 IQ 145
IQ 145's picture

"A stall turning base to final." You have trouble distinguishing between an airport and a golf course?

Fri, 09/16/2011 - 19:22 | 1678951 o2sd
o2sd's picture

At least the puppy is OK.

Fri, 09/16/2011 - 19:38 | 1678972 Cdad
Cdad's picture

Indeed...market makers.  The facilitators of much of the shenanigans we are seeing in the market.  Bid lifters, the ones who arrange for selling that cause equities to rise.

We talk often about the HFT...but manipulative market maker activity is huge, as is the massive problem of ETFs.

Pachinko machine.


Fri, 09/16/2011 - 21:37 | 1679144 IQ 145
IQ 145's picture

The charts are completely incomprehensible, and probably don't mean anything anyway. But this is a very interesting post; personally I liked the Giant Onion best.

Fri, 09/16/2011 - 16:02 | 1678387 Hephasteus
Hephasteus's picture

Equity can water down stocks with 6 billion shares all it wants. It still has to be able to sell it to get paid. Sure it's ponzi financing but if people aren't buying then it doesn't work. Which is why stock pumpers gotta pump so desperately.

Get robot trader out here he'll keep em out of the credit markets when they need money for 2 billion 4 billion 10 billion a year losses that they book as gains.

Fri, 09/16/2011 - 16:10 | 1678429 Pay Day Today
Pay Day Today's picture

"Equity can water down stocks with 6 billion shares all it wants. It still has to be able to sell it to get paid."

And that is when the Fed, the Bernank, and the primary dealers appear, on cue and as if by magick.

Fri, 09/16/2011 - 16:59 | 1678586 Hephasteus
Hephasteus's picture

They chewed through savings. Then they chewed through 401k's pensions. Now they are going to chew through cops and soliders and citizens.

Fri, 09/16/2011 - 16:03 | 1678392 Comay Mierda
Comay Mierda's picture

how does this compare to the Lehman shit fest of '08?

Fri, 09/16/2011 - 16:09 | 1678425 Id fight Gandhi
Id fight Gandhi's picture

Were gonna need a bigger fan.

Fri, 09/16/2011 - 16:04 | 1678398 Id fight Gandhi
Id fight Gandhi's picture

But da guys on cnbs tell me stocks are cheap right now.how that dat be?

Fri, 09/16/2011 - 16:13 | 1678444 SwingForce
SwingForce's picture

There's a E/P ratio opposite of PE that takes into account INTEREST RATES, very positive.

Fri, 09/16/2011 - 16:06 | 1678411 SwingForce
SwingForce's picture

JOHN BONHAM RULES: http://www.youtube.com/watch?v=zhVZ4EralZY

Take a break people. 1973 Led Zeppelin, Madison Square Garden, NYC

Fri, 09/16/2011 - 16:34 | 1678498 caerus
caerus's picture

hellz yeah bonham...and page...and plant...and jpj!

Fri, 09/16/2011 - 16:10 | 1678416 greyghost
greyghost's picture

silver took off after the u.s. close..lol

Fri, 09/16/2011 - 16:08 | 1678417 gjp
gjp's picture

Surely the action in AMZN, Nasdaq, and retail (esp luxury retail) qualify as some kind of blow-off.  AMZN, a $100b company that makes razor thin margins on $50b or so in sales looking forward, went up by 15% this week and today went up non-stop with barely a downtick on no news at all.  Short covering or not, where does this all end?  And how come it wasn't hit harder when all the shorts were established?  The short covering logic doesn't compute, this is just another enormous bubble, not tech so much this time as consumer.  How on earth can a triple-digit PE bet on the US consumer be expected to pay off at this point in history?  Incredible stuff. 

Fri, 09/16/2011 - 16:18 | 1678460 Iam Rich
Iam Rich's picture

Wish I could hit the green arrow more than once.  Incredible stuff indeed.  Can you use food stamps to buy iPads?

Fri, 09/16/2011 - 16:35 | 1678505 Rodent Freikorps
Rodent Freikorps's picture

It has been a while since Amazon told California to get bent.

Wonder what's up.

Fri, 09/16/2011 - 16:37 | 1678506 d00daa
d00daa's picture

amzn up 36% in 19 trading sessions to new highs after the initial aug crash. you know that kind of action always happens at market bottoms.  always.   /s

blow-off top indeed.

next leg down is where they get all of the momo growth leaders that refused to die the first time around.  bye bye amzn, pcln, lulu, cmg, gmcr, ulta etc etc etc

Fri, 09/16/2011 - 16:49 | 1678552 Bam_Man
Bam_Man's picture

The trailing P/E on AMZN is OVER 100.

The company has never paid A PENNY in dividends and probably NEVER WILL.

Not that anyone even looks at that stuff anymore.

Fri, 09/16/2011 - 16:10 | 1678431 Cdad
Cdad's picture

If you want to see the nature of institutionalized criminal syndicate Wall Street bankers and their computers in action, check the options on AMZN today.  Check those 235s.  Now that's how you make money for the bonus pool as a parasite attached to the jugular of the American non market capital markets.

From .o3 cents to five bucks.  Presto.


Fri, 09/16/2011 - 16:16 | 1678449 GeneMarchbanks
GeneMarchbanks's picture

'Now that's how you make money for the bonus pool as a parasite attached to the jugular of the American non market capital markets.'

We need a word for markets that aren't markets. Suggestions?

Fri, 09/16/2011 - 16:18 | 1678457 Cdad
Cdad's picture

Pachinko machine.

Fri, 09/16/2011 - 16:24 | 1678480 GeneMarchbanks
GeneMarchbanks's picture

Nice. That'll do. Look @ last 20 minutes of BAC if you wanna see investing.

Fri, 09/16/2011 - 16:28 | 1678485 Cdad
Cdad's picture

Not to worry there.  Wait another 20 minutes, and they might just be boarding up the windows at every branch in the  nation.

Fri, 09/16/2011 - 16:31 | 1678489 NotApplicable
NotApplicable's picture


Fri, 09/16/2011 - 16:52 | 1678567 Bam_Man
Bam_Man's picture

"Carpet joint" or how about "Bucket shop"?

Fri, 09/16/2011 - 16:11 | 1678437 riley martini
riley martini's picture

 Hedge dont leave home without it.

Fri, 09/16/2011 - 16:11 | 1678438 John Law Lives
John Law Lives's picture

The DJIA surged approximately 720 points from its intraday lows of 10,789.87 on Monday, September 12. That is a substantial move in 4+ trading session... especially when you consider had bad much of the macroeconomic data has been this week.

What is going on? This must be something more than short covering. Maybe The Great Chairsatan really is going to blow us away with the latest tool from his toolbox. Maybe the Fed will start buying up all distressed mortgages and/or some other form of LSAP.

Fri, 09/16/2011 - 16:17 | 1678452 LawsofPhysics
LawsofPhysics's picture

Short term, I am banking on it.  Thinking that long term treasuries are going to get a bid as well.

Fri, 09/16/2011 - 16:19 | 1678463 hambone
hambone's picture


your attempt to make sense of the senseless is admirable...but I think this is simply a MIRACLE!!!  Since March 2009, a modern day miracle is taking place!!!  Jesus turned the water to wine and now modern day saint Ben has turned shit into shin-ola.  Don't question what the lord has given but simply praise his newest apostle.

All praise the wonders of heaven on earth.


Fri, 09/16/2011 - 18:11 | 1678805 CrashisOptimistic
CrashisOptimistic's picture

It's just redefining what a loss is.

All the toxic paper still exists and is valued at whatever the fuck they want to value it at.  Value it at reality and every bank in NY folds the next day.

So the bankers ordered the world to become oncologists.  The game is to live life as if you didn't have cancer.  Then you die.  Soon.

Fri, 09/16/2011 - 16:21 | 1678474 centerline
centerline's picture

Still looks like be f'ing bear flag.  Sharting to run short on time though.  One more push higher maybe.

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