This page has been archived and commenting is disabled.
The Deer Is Back
It seems high-yield credit was on to something as we noted last night (here and here). Today's matrix-like collapse in equity perceptions of decoupling and central bank largesse sets up for more of the same as we suspect the ECB will hold off from acting until post-Greek-election to ensure the M.A.D. 'game' remains in place and with rates where they are, Bernanke will have to come up with some magical wording for his next QE raison d'etre. Today's 2.5% drop in the S&P 500 back below its 200DMA, its largest single-day drop in seven months, and the accompanying flood into safe-havens has left Gold and Treasury Bonds now outperforming Stocks for the year (with the Dow red YTD). S&P 500 e-mini futures volume was it highest of the year as we sit at the edge of the waterfall level from last July/August's plunge. Gold's 4% gain is the biggest day since January 2009. Treasury yields plunged to new all-time record lows with 30Y showing a 2.50% handle and 10Y a 1.43% handle. All the high-beta hope names were crushed with financials down 3.7% - their largest fall in 7 months (with the majors even more). VIX jumped 2.6 vols to close above 26.5% at 7 month highs. What is perhaps most disconcerting is the total lack of bounce into the close now two days-in-a-row - deer, meet headlights.
S&P 500 back under 200DMA, biggest drop in 7 months - close to unch YTD (as the Dow closes red for the year)
Gold's 4% rip is the largest single-day gain in 41 months!
and longer-term things are getting scary...
as YTD, Bonds are the winner now followed by Gold and the USD...
Charts: Bloomberg and Capital Context
Bonus Scary Chart: If the relationship between broad risk-assets (TSY levels and curve shape, FX, commodities, spreads, and PMs) from April persists then a longer-term CONTEXT is implying the S&P 500 should be 100 pts lower...
Deer courtesy of Roman
»
- 21418 reads
- Printer-friendly version
- Send to friend
- advertisements -
DEER BITCHEZ!
Fucking Europe. I mean we might be dysfunctional, but they are full on RETARD.
I cant wait till every half wit boomer thinks the crash that wiped him out was because of "those damn Europeans" and doesnt see that its a systemic problem and that the preceding benefits were due the building up of an imbalance.
What is perhaps most disconcerting is the total lack of bounce into the close now two days-in-a-row
once the Bilderberg powwow is over things will be back to ab normal.
PPT on standby to force a QE launch apparently
QE3 is either going to focus on long dated treasuries, or there are a metric fuckton of retards in long dated treasuries.
Remember ZHers:
In today's markets we say : Bulls lose money, Bears lose money but PIIGS will fry! :-)
does that mean people, like myself, born in the year of the pig will be gabillionaires?
The correct answer is 'Gabacon'
Oh how we all missed our beloved deer
the next image ZH should prepare is one of a ceiling fan surrounded by shit-splattered walls
Fuck yeah @ teh.deer
Reminds me of Barney Frank after the 2008 crash. "That was totally unpredictable, blame the unregulated (!) market, blah blah"
I'm feeling like a deer right now.
Check this out: Are we there yet? 'Greek Drachma' on Bloomberg ticker (PHOTO)
http://rt.com/business/news/greek-drachma-bloomberg-trades-769/
Tyler, can you give us your thoughts on this interesting happening? It just seems to me that you don't put your 'test' scenario or info into 'production' platforms without a very good reason.
A Dough Deer in the headlights which is about to be Michelined.
What good will it be to be a "gabillionaire" if you can't buy a sandwich with it?
This is all the result of the the "Me Decade" anyway.
Which century are you from? Sandwich, really? It is a barbarous relic, civilised people feed themselves by ingesting iPads.
you can't keep a real currency down
especially when the fake ones' polyester is showing.
Gold is like wool, it helps the sheepish and retains most of its heat in the bad weather.
pork bellies... I KNEW IT!
pork bellies and beef are back to 2009 prices.
COW.
Valentine has set the price.
Bernanke has the G.I. Joe with the Kung-Fu grip - around his scrote sac.
Frying PIIGS? Mmmmm I smell bacon! http://www.bloomberg.com/news/2012-06-01/jpmorgan-names-bacon-deputy-risk-chief-after-2-billion-loss.html
Nah, the FED will just step in and start buying everything ETFs, equities, fucking Facebook you name it they will buy it. And then they will lease out their tungsten, gold at negative rates to smash PMs, in order to create the impression that the dollar is worth something. And then it will all come crashing down, and PMs will be the only thing left. Got gold?
The Fed said there would be no more printing while the economy is still inching upward and the market is doing well. The banks said "have it your way'. Ben won't print until everyone is begging him to print. Where is that S&P 1200? 1100? 1000? It won't be at the 200DMA that's for sure.
Read My Hips : No New Printing
The economy has never been "upwards" in the last 30 years for everything but the elite, and the so called "market" has untill 2011 just been a measure of increased COST for the majority.... so the whole rethorically (or shall i say sophisitically) implied argument, has been deceptive from the start.
The elite will simply print whenever it suits THEIR interests, and is tactically and strategicallly apparently sound, to further the interests of said elite. NOTHING ELSE matters, including the real economy, real monetary price in/deflation and real economic "growth (HAHALOL)/ contraction).
Policy choices are EXCLUSIVLY based on massdeception and gains for the elite, and nothing else.... especially not the fucking real economy, which no one except of average joe remotely gives a fuck about anymore.
Begging for more QE. The retards must see it to be safer than equities. I'll just stay in Cash for now.
At the end of May Blackrock (BLK) did a SPO of 26,211,335 shares @ $160.00 a share. Over 4 Billion dollars.
Why would they need all that money. Are they defending existing positons? Or do they see something else.
Did they get themselves in trouble. Finky was on Charlie Rose begging people to buy stocks.
It's going to get interesting.
Charms and Beads
Tornado watch in D.C./surrounding areas right now...
One can only hope... F5 on the Marriot.
Praying for finger of god
Hammer of God.
Or John Bonham.
The "Bilderberg Boogie' you say.
What a bunch of traitorous scum all in the same room.
Makes me sick to think of it.
YC2: No body thinks the "crash" was the Europeans fault, my comment was in reference to their current inability to come to a consensus on a common solution, such as a Eurobond. You know the idea that has been floating around for how long? It would take care of their problem but the Germans/Austrians/Fins etc etc will not go for it.
If you were the Germans and rather than elevate the periphery nations to the German standard of living, you would yourself be reduced to the periphery standard of living would YOU endorse Eurobonds?
Merkel would get shot within a week.
XTOP23: If I was German I would say hell no, to the Eurobond. But answer me this, what other solution is there for the Euro problem? The clock is ticking......
Return to the DM and let the chips fall where they may. It's coming regardless.
Hell maybe you are right, but that way there is a lot of blood in the streets. My way maybe not as much.
No there isn't asshole. You're just appealing to short-term pain versus long-term pain. Buy crack today, and get billed tomorrow.
The DM was "this is where we are now, by our own means".... the EUR to germany was "Hey, lets play the game of pretend. Let's pretend, we are worth shit, and let our banks lend to the periphery.... then lets invite globalist multinational megacorps in and advertize us as a new mini-china, from which they can directly export to the periphery.... heck, our banks will even pay the periphery to buy your products, which you get to produce at below-national-cost level in our country. And the creditors shall be happy too, because they get to lend to us, and get to lend on fire to the periphery. And as long as we do not add up the real numbers, our balance-sheet will show us as mega-wealthy and benefiting, while actually, we're just working ourselves to death, AND then get the bill."
TL/DR: "Take this money from me, and buy my wares, and i'll become rich!"
Rynak: First, get off the coffee, you get a little too excited. Second, A Eurobond would buy what Europe needs most and that is time, it would extend out the debt that these countries have and lower the payments. An example would be "Brady Bonds" that were issued to help out Central and South America, back in the 80's. This would allow the Europeans to slow everything down, and stop minor things like BANK RUNS. If you have a better solution, I would love to hear it.....
battle axe Biography
I was in Institutional Fixed Income Sales, now I am at a hedge fund.
You're not so clever as you think you are with your Eurobond babble. More debt solves everything in your miopic little world, but most of us don't live there. Frankly, most of us don't give a shit about your kind or your oppinions.
My better solution is: Print 20% of GDP for every nation in the EU, AND then do NOT use it to lend it out to anyone else! Every EMU nation shall then use the printed money, to buy up commodities and take delivery, including PMs. In a matter of one month, develop plans and means to deal with an "aftermath". Do all of this in secrecy as much as possible.
Next, preemptively force a european bank collapse, by letting the chips fall where they may, and use the accumulated (and someway (money) inflation and (economic) depression resistant commodities, as well as the laid out plans and means, do deal with the collapse. Do not attempt to backstop banks going kaboom.... just backstop a reasonable amount of deposits. While you're at it, default on most of the gov loans to global banks.
Then already while the dust is settling, the nations shall announce plans to rebuild their economies, and with near zero national debt, introduce commodity-backed national currencies.
This alone will let most european nations pull an iceland, and in a matter of years by cold hard numbers be more trustworthy than the rest of the world, even if their economies are still in the middle of readjusting and rebuilding.
Unfortunatelly, international elitist influence will quickly want to see blood. So ironically, right after dissolving the EMU, what europe will need more than ever, is cooperation against globalist retaliation. Chances are that they will at first try to isolate europe economically, but if european nations work together on mutual interests, and can keep russia as an ally, such "sactions" will fail and actually boost domestic economies of europe and russia.
Next up, they will switch to more megalomaniac means..... and while the possible outcome include doomsday.... the thing is that this confrontation will come anyways..... it isn't a matter of "if"..... it is a matter of HOW.... and it is the "how" on which all thoughts and preperations should be spend, not on the false assumption of avoidance.
One thing i haven't answered in all of the above, is why i prefer confrontation, over "extend and pretend"? The answer is simple:
IT IS ALREADY TOO LATE. There is no "time" to gain for anything else than to suffer longer. The time to "sort it out" or "fix it" has been passed long in the past. The only question left is how the confrontation happens, not IF!!!! The question is who wins how in the deathmatch, not if the deathmatch happens.
+1
I don't think he was expecting that you had "a better solution".
ANDREW MELLON LIVES! HIP, HIP...HOORAY!
How about governments are never allowed to barrow money and must rely on donations for any spending. Also how about removing the ability to incorperate since its never in the public good.
Those two alone would fix most of what is illogical in the finacial system.
Even if it may surprise you, i completely agree with this proposal, and have proposed just this multiple times before (the "no debt"-rule in various posts, and the "donations"-bit, by proposing a "bottom-up"-funding model as the rule of law for all public spending... meaning, contrary the the concept of "taxes", "higher ups" (on every level, not just the gov) have no authority to command "funding" from lower ups.... instead, every public policy has to be voluntarily funded by the lower levels. So, i.e. a city can only spend what it's population agrees to spend on. A state only gets to spend what the cities (with its population consent) agrees on, and so on up to the national level.
At the time i proposed this, i did not restrict this bidirectional mutualism to capital, but also applied it to lawmaking (basically, the idea was: The "subs" (i.e. population) can always overrule the supers (i.e. state or nation), both by funding as well as policy-design and voting).
What my proposed model ultimately was, was simply "the population decides about the style of "governance", and can always overrule the current one. So, if a population were actually capable of full-blown anarchy, it could do that, and on the other extreme, if a population was willing to allow full-blown dictatorship, it could allow this.... but always with the power to change the current form of society, if it wishes to do so.
Basically, i am not so much interested in establishing specific gov-form anymore, but more in mechanics how to empower to the pop to make possible whatever it wants. I by now think, that the fundamental flaw of nowadays societies does not lie in "which ideology is right for everyone" but instead on the population being deadlocked on some scheme to begin with, and being discouraged to change it if it doesn't like it.
This is not the same as "direct democracy" by law (even though it includes it).... it simply is a desire to let the population anytime simply decide just what it wants, including a "benevolent dictator" as long as it is satisfied with this setup.
Or even simpler: My concern by now is no longer how to implement a supposed "perfect" ideology permanently. Rather, my concern is a system that does not exclude anything, and does allow everything, as long as it is in line with the population. Thus, making the population actually responsible for it's own choices, on all levels of scale.... something which is almost completely absent in nowadays political models.
Face(eater)book like button adds one cent to any idea you click like for... Force governments to only have that as a means of funding non-essential expenditure, and reduce non-essentials back to what it should be, which is a very short list.
No more statues to crooked politicians, retard studies, homosexuality promotion, third world mass immigration with automatic welfare, no more handing out passports like halloween candy.
PS it will never happen in this universe. Sadly.
Each country should have their currency backed by a different commodity. The U.S. could claim they have a huge amount of gold and the currency is backed by gold. The currency wouldn't be directly convertible to gold at a bank due to the handling charges. Then, France could back their currency with pork bellies. Every bank would allegedly have tons of pork bellies in their vaults, but nobody would be allowed to see them due to health concerns. The French currency wouldn't be directly convertible to pork bellies at the bank, due to health concerns. There could be black market exchange rates at jewelry stores and grocery stores, but they wouldn't truly reflect the value of the currencies or commodities.
Okay, print approximately $2.7 trillion and then have almost two dozen countries all try to load up on commodities at the same time "in secrecy as much as possible".
Call me a cynic, but I don't think this could be done in any degree of "secrecy". Remember the land rushes in 19th Century America? Europeans would shoot down each other's aircraft on the way to Australia or Canada or Angola.
Non-starter.
Assuming they somehow got commodities, and had no effect on commodity prices despite their race to throw $2.7 trillion all at once, they would then create a currency whose value was 1/5 of their former GDPs, which I suspect would not quite lead to absorption of Spain's 25% unemployed.
With the collapse of the banks, nobody would have either savings or capital to start a new business, as deposits would go POOF! And how would you distribute this new commodity backed currency? Do I get more or less than you?
Please, forget Iceland. Its example would work only for Bernie Madoff, as it was all based on hoodwinking external capital into Iceland's domestic scheme. There is absolutely nothing comparable, and no lesson whatsoever, for Greece, Spain, Germany, Italy, etc.
On this site, I find the greatest degree of misunderstanding related to what happened in Iceland.
your right, euro bonds would buy some time. more debt to solve a debt problem. but is it the right thing to do? take taxpayer money from other countries to bail out Spanish banks?
no matter what this ends badly, I think your in the first stage of grief... denial.
the bankers need to fail, not be bailed out by hard working Europeans and Americans
I get ya man. The problem is, there is NO way this doesn't end bloody.
It's either a conventional explosion or a thermonuclear one.
Probably too late already.
xtop23: Sadly I think you are right, they waited too long....
They waited too long .... to build enough Gulags?
They waited too long ... to call it the EUSSR and make battle ax the new Stalin? (more like Beria)
They waited too long .. to bring the old Machine-gun nest/East German walls back out of mothballs?
Just what exactly did they "wait too long" for Comrade?
Eject, extract is the best answer for productive nations, you cant carry the load. Spain and the like will be harmed but thats what the natural outcome is
You see that battle axe of yours? It's used for dismemberment.
The whole concept of finding a "solution" is bone headed, it presupposes there's a way out, and there isn't. The "fix it" mentality is compunding the problem daily as more and more resources are poored into "fixing" what can't be fixed. Greece spent more than they had and borrowed themselves into a hole, lenders keept lending them money knowing the risks (even if they wouldn't admit it to themselves), CDS sellers kept selling CDSs knowing the risk. They all screwed up and if "fixing things" means perpetuating the problem or spreading it to more and more institutions then I say don't fix it.
If there is any "fix" it is the fix that has been used for decades: let insolvent countries go bankrupt, let the institutions and individuals who made the bad bets fall, and focus your efforts on protecting those not involved in creating the mess in the first place.
you mean "there are no POSITIVE solutions." I agree. And i respect your "journey to the Dark Side here" as well. I shall toast you with a glass of blood wine this PM!
Thanks. What worries me is that while everyone is pretending there's a solution, nations of the world are continuing compounding their debts exponentially. The world badly needs a wake up call more than it needs the false sense of security all these "fixes" keep promising.
Doesn't your reply imply, that there is at least a "least evil", even if not an overall benefit in the short term?
In that case, i think this is what the majority in theory considers a "good solution", even if it does not actuallly result in a net benefit.... basically "best of the available options".
The fix is to loan more money than the previous year, every year. Give free houses to people that don't have jobs and let them take out a second mortgage when they still don't have a job. That worked for awhile. Let the federal government spend trillions more than they take in. That worked for awhile. They need to do a lot of loaning right now.
They are Germans. If they're told to jump they will jump. Who will tell them?
eurobonds, are not a solution, but a postponement.
Maybe, but they buy time perhaps a couple of years, so that this Cluster Fuck can maybe be defused.....
it only gets bigger
Defused?!? I would say that you are confused. There is NO defusing this mess, NO solution other than extreme distress for many years.
Defused?!? I would say that you are confused. There is NO defusing this mess, NO solution other than extreme distress for many years.
You cant defuse something that has already blown up
problems have solutions, predicaments have outcomes. We are in a predicament.
Does the boomer who wiped your shitty little ass now wish she'd had an abortion?
You're exactly right, and we will go insane with rage and vitrol once we see that we won't be getting those govt. checks anymore.
Well loads of those dumb boomer f**ks voted for Hope and Change. McCain sucked but the alternative has been about 10x worse.
No, "they" (from my POV "our overlords") just like to make more of a drama, before "they" decide to agree to slaughter us.
In US: "Get assraped!" "Mkay!"
In EU: "Get assraped!" "Oh you're so digusting" "Bend over!" "Oh, but i'm still a virgin and...." *click* "STFU! Look what happened to greece over there...." *view changes to a bloody pulp, with vultures eating organs* "....you want to end up like that?" "Oh, i'm sorry, i didn't want to...." "See, that's my bitch."
---
"You can't say civilization doesn't evolve. Every generation, the choosen ones rape you in a new way." - rynak.
Keep that gay shit out of the forums son!
I wasn't thinking "gay" when a wrote it (though, i don't give a crap if anything "implies" it).... but apparently you were.
Can you please point me to what supposedly was "gay" in my above post, because i just can't find it, unless you identify anything "anal" with "gay"? (While on that topic, i never really got what people like so much about anal (NOT my preference at all).... yet, perhaps just because it isn't my cup of tea, it to me represents something the "receiver" doesn't want, and thus an amplification of "rape".
Oh dear, who knew i'd ever explain the anatomy of metaphorical "rape".
BTW: Fuck you.
P.S.: OH I SEE. You just instaupvoted yourself, and then junked my post. So, this is just another troll post.... dammit, why did i spend any effort on replying to this bullshit?
A technicality, but its the "Eurozone" that is fucked..
Much of Europe will be ok. Take the British.... even if the whole world starts to burn they will be like Nero playing the fiddle and working out the next scheme. Clever lot they are.
But if you live in Greece, Ireland, Spain, Portugal, Italy....well yes, you're probably fucked.
UK OK ? I don't *think* so ...
Even Simple Jack knows you never go "Full Retard"!!!
The Euro Land banks are trying to play the same game as the deadbeats who refinanced the equity from the homes and spent it. The only thing they need now it the address to put on the Jingle Mail envelope. It looks as if Germany may refuse to take delivery. How about you?
Gold and Tsys spikes sure feels like there could be a surprise over the weekend. EU withdrawal restrictions, anyone?
Time to give them a medal and a hug?
Fuck you, at least we are not retarded enough to think we can print our way to prosperity like you in the US.
Gold shorts had their faces ripped off today. This was a short squeeze move, so don't expect it to last past Monday.
A short squeeze in a down market where the dollar is rallying and all other commodities (save for Silver) were getting crushed ... I don't think so ...
Longs have been fucked on the way down and now the shorts have been fucked on the way up.
That’s how the bullion banks extract money.
They milk the cows !
Ya gotta remember who is pulling the strings????
An unlimited "created" money supply wants PM's in order.
They will manipulate to the Bitter end!
That's what it seemed like but Gold has been showing a bottoming out for a little bit. Its worth throwing a position on and seeing where it goes
Who the fuck are you kidding? LOL...speaking of the "deer in headlights".
Any pain the morgue feels is good with me. I'd like to see their faces get ripped off on a few more trades.
I agree with midtowng
Short squeeze triggered by expectations of new QE.
I prefer to wait until it is actually announced rather than speculate about.
If they do, the place to be would be Silver.
It's still a gold bull market, but today's move was too large and fast to be anything but a short squeeze.
Monday will probably be a good day for gold as well, but Tuesday is probably another story...unless we get new news out of Europe.
Real gold cannot be shorted, paper gold sure, there's LOTS of a paper gold.
Just not so much of the real stuff. Besides shorting requires margin and I believe those are nearly gone now across the planet when approaching oil or gold now. What retard would short themselves? That's why the market stalled out, no volume, and since the "smart" money is hold all of the worthless paper, not some of the worthless paper, they've bought most of it with no suckers to sell to.
Only way out now is to print like no tomorrow, keep the market floating...Robotrader mentioned years ago about Dow 36000, as much as he's a permabull ass, it was an insightful point. That's their mindset. Nothing must stop, everything is exponential, growth at any cost to impress on nobody but that they have the power. That's it, that all, want to hold your wealth?
I can't point out a a specific route but silver, gold, oil, food. If you don't think you are not in the position for the first three by whatever fate, or question it's certainly, be assured that seed will be something worth trading. It cheap and really easy to find right now. Wait until transport companies start to go bust because of a million reasons now, it will be tricky to find seeds, sometimes a man really needs to grow a good beef steak tomato and kindey beans to supliment a more than likely meatless diet. Get a couple of 100 water containers and fill them up. Small investment...small and eventually you'll use them for something, no lose situation buying them. Lots more downside if you don't.
one problem here: "it did stop." so... "now what"? starve them out? bring them to their knees? make them "Cry Uncle"? At this point in the debt "supercycle" it would appear the last one seems quite probable. "didn't see that coming" as they say.
my sense it it wasn't initially a short squeeze but as the day went on a few shorts changed their shitty diapers and bailed in anticipation of things going higher.
The buying opportunities aren't over but the music is slowing down I think.
THUMBS UP IF YOU HELD NUGT FROM LAST NIGHT.
THUMBS DOWN IF YOU HELD DUST FROM LAST NIGHT.
If you went long VXX or TVIX or UVXY you did well today.. especially if over a 30DMA.
That volatility is crazy, good for you if you're able to hold a position in any of those
I'm just playing it "safe" and only sticking with VXX.. but still, I'm grateful and not complaining.
UVXY is better, though tough to hold, especially with these brass balls following me everywhere.
Does your deer have a name?
We call him "Krugman".
I don't see the resemblance, get back to me when that deer wins a damn Nobel in Economics.
If Krugman can win one, why not a deer? At least it can see the headlights.
Krugman. Obama. The guy who invented the lobotomy. Doesn't take much, I guess ...
Get back to us when you're charging your lasers.
It´s not the deer, it´s the Mayans. And they knew about the coming apocalypse hundreds of years ago. Respect, dudes.
Quit wasting your time on the Internet and go party the rest of your life away. You can quit paying your bills and just throw away the bills until the end right?
Mayans knew about 'beer pong'?... Get right the fuck out of town!
Happy first day of June! It's going to be a long summer for the markets!
Venison, bitchez!
good to see the deer back but we need to give it a nickname-how about Timmay or The Bernank?
BEER?
Where's the deer?
Edit - Ah! There he is!
That's a deer with head lice.
O-Deer
deer pong...
good-but Hussein Obummer needs to have the rainbow afro and about to be hit by The Choom Wagon
Are those Hypno-Frog eyes?
deer meet chicken:
http://www.youtube.com/watch?v=1DoEsG7lcRY&feature=related
It's that time of the year again.
http://brokershandsontheirfacesblog.tumblr.com/
Goes well with venison and a nice chianti.
I prefer it with muscato &
venison liver with some fava beans
back straps yum
Time to raise margins again.
Grab your ankles.
Let them be raised. That's what we want.
I'm not afraid to buy more cheep PM. What I'm afraid of is that time is running out to do so.
Rosenbergs bonds-gold barbell is kicking some ass lately, esp on a relative basis.
+1 I'm late to the PM game and want more time!!! But guns and ammo must come first.
Learn fletching and bow making, you'll figure out the archery part fucking around.
Get a couple of 100 gallon tanks and fill them with water.
Seeds.
Cheap cheap cheap investments.
learn felching? that might come in handy @ the FEMA camp
Never go ass to mouth.
Don't forget the food and water, too!
Margin Call Monday, Bitchez
FIRST 2012 appearance.
Welcome back
Your dreams were your ticket out of here.
Welcome back
To the same old place you laughed about
But those dreams have remained and they're turned around.
Names have all changed but still the same old users.
up your nose with a rubber hose...
I'm now waiting for the 'It's on like Donkey Kong-post' and then we're finally back to reality.
Art Cashin finally got one right, he says India is falling into the sea: http://www.cnbc.com/
"Simon" is a dick with ears.
he is an old school legend. forget greece they are a waste of f*cking time. every trader in world should be watching india and china...spain for a total bank collapse.
america for inflation as rates collpase sans asia buying usds doomsday style.
CBs will start to lose control...of everything.
Well shit fuck.. I'll hope for the normal tuesday drive by shooting on Silver in wait for payday next friday to get a tube of whatever moves me.
Giggolo James Turk said to expect volatility both ways like a top wobbling as it slows down.
Grab your helmet before you grab your ankles!
What are you saying? Is this in Canadian?
Don't be afraid of the light as it moves toward you with healing energies... just stand and stare directly into the light...
They all float down here Georgie.
Stare into the deadlights.
Bernanke's magical words for his next QEing: It's for the children.
Vincent Vega: That was a good one. Made me laugh....
I'm counting on it. What else is there to live for?
What stands out today is a rising euro, lower spanish/Italian/french yields and strengh in some spanish bank names like STD. The market seems to signal that Europe is ready to act soon; poltically the germans are getting more isolated and it seems the market is expecting them to blink, and now with the US getting pulled down, US pressure on Germany has gone up another notch. This doesn't mean we will have a long term solution, but there could be a sharp short term rally in the next couple of weeks.
Expectations are up. Reality will still be down. Waiting for the headline: "STD contagion spreads across Europe"
Spain/Italy looked more like marginal bid was basis traders and financial pairs traders today - wouldn't get excited about it. Euro strength could be more repat flows. Agree always a chance of snap back here but credit weakness pretty gnarky across Europe and US
if the nothern countries buy americas leadership there going to be destoyed, better to be harmed and survive to make a living another day
Well, the fun is over for this week ... time to just sit back and wait to see what kind of shananigans they pull over the weekend. I suspect Asia's open Sunday evenig is going to be UGLY.