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Deja LOL As Financials Continue To Plunge
It wouldn't be the same in this post-BTFD-always-works, post-LTRO, post-QE, post-central-bank-supported unreality if we didn't see an early day rally rejected and dump back to its lows in the afternoon in the S&P 500 e-mini futures. Of course JCP's Tilson-crushing continues (-19%) as does the selling of financials - JPM -1.5% ($35 handle), MS -3% (35% off its end-March highs and -8% YTD) - as credit indices do not seem quite done with their unwinds quite yet.
ES deja....
Financials post 3/26 highs...
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Couldn't happen to a more deserving bunch of criminals.
They did it for the high frequency lulz.
FAZ Bitchez
The so far unspoken, and hideous, risk of the biggest and best banker losing 25% of the bank's annual income - on one trade - is coming into focus, and my screens point to a JPM 20-something handle possibly within days.
JCP down 20% suggests Mr. Market is warming up and may finally be ready to speak. I think bad top and bottom retail and other numbers are everywhere, hiding in plain sight, but JCP somehow blew the coverup.
Yeah, you gotta love the way the OBV on the FAZ chart today ended pointing straight down like a pelican burying its head. Still, the BTFD algo bots have me so brainwashed I couldn't ride it fully into the close, and jumped off about 35c too early (damn!). What was that Steely Dan song? "... never gonna do it without the FAZ on ..." Jamie D., we all "want to be your holy man."
Yes, Direxion fans, I meant the OBV on the "FAS" chart. Even when I buy the FAZ, I always chart the long version of the fund, not the inverse, otherwise my little bird brain gets overloaded.
Of course, they're just the middlemen. This will impact retirees (both present and future) far worse.
But...but...but...housing starts surged.
I love gold in here, responding to the biggest USD index rally in a generation with....$1,500/oz.
Now that's some strength in there.
Hmmm...prior to 2012, the last time the USD index was at this level (January 2011), gold was at $1380. I call that 12% debasement of the dollar, net of manipulation no less. What do you call it?
I call it real assets standing next to a hollow shell.
must be that bank disease "Fiatus Interuptus" bitchez.
Kabuki theater. There is no market, there is only the fed gangsters.
Also oil continues to plunge while the dollar gets a lift. No coincidence.
you forgot SPG which is yet nother pig in the group. XLF has that in the components.
ashes to ashes, dust to dust.
insurance companies are next.
The heat of the cremation and inferno yet to come will be a special kind of hell for us all.
Bullion on one hand and ammunition in the other. That is insurance.
This is not recovery, this is a patient who is losing blood volume and pressure rapidly. Worse is to come.
The drop is painful, but only for those who could not wait to back up the truck.
I for one am waiting. I need a bounce to buy. But not follow the slinky down the steps... not yet.
Dollar cost averaging forgives all timing errors
That's what Bruno Iksil kept saying...anyway, having to $-cost avg is an admission of a timing failure. Benoit Mandelbrot said it best: the trend is the trend until it isn't.
"insurance companies are next"
Well I went to my doctor and said 'my cashflow's kinda rough.'
He said 'That's no surpirise, and your annuity's fucked.'
'My annuity's fucked? Well, I don't see how.'
He said 'The things that used to earn? Well they don't earn now. And your annuity's fucked.'
Wait until your 401 k's pensions and anything else of vale is converted to annuities.
Global Debt Crisis
The greatest private fraud of human history.
Who are the great fraudsters who are becoming the murderers of the human kind? How does the economy "illness" threaten Democracy and the freedom of people?
http://eamb-ydrohoos.blogspot.com/2012/01/global-debt-crisis.html
---------------------------------
By knowing what happened in indebted Greece, where loan sharks created “bubbles” and the current inhuman debt, one can understand the inhuman plan in total ...understand where this plan started just to bring all states at the same end ...understand how this type of plans are established...
Authored by PANAGIOTIS TRAIANOU
"Ashes to ashes funk to funky", there, fixed it!
"I'm stuck with a valuable friend, I'm happy hope your happy to"...
This is what a recovery looks like..This is what a recovery looks like...
I have thought the end is near so many times in the last few years. I will have to see it to believe it. You never know, maybe the Fed can print money to bail out Greece too.
The end?
In Chess there is a process called the "Endgame" we are living it day by day.
What are you doing to get ready?
Ignoring the pawns while watching to see just who is going to knock the board off of the table.
Gamesmanship is applicable at many levels. Endgame is not always what it seems.
I have had opponents physically lean over the table and board to credibly threaten my life and health over what I have done to them on the board.
And I have been thrashed in what I call "Street Chess" in a coffee house late at night. Some of these people at the counter with you... damn they can play.
There is nothing that burns more than getting reamed at the Chess Board when you have a Opponent who is simply watching his strategy unfold several moves ahead of the events... as planned.
Facebook IPO to the rescue...just in time...LOL...
Session lowssssssssssssssssssssssssssssssssssssssssssssssss
OK that's enough! QE3 LTRO ASAP SOB's
Lol if I say it is too late to buy FAZ then you better margin up and buy as much as you can.
I am Stolper the Plumber
QE3 and Bailout 2 pump priming.
Wasn't Crammer relentlessly pimping MS just a few weeks back? love that chart!
Been short the NQs, ready to cover tomorrow and get all the Facebook I can.
Or not.
Stay liquid my friends...
G
I don't always trades stock indexes, but when I do, I prefer NASDAQ...
LOL! Ahh the most interesting Man on the Zhedge...
As bad as that looks, it's nothing compared to the miners. And that is insane.
The end of the world is near.
When Barack Obama announced the US (2010) national budget for this year, we experienced unprecedented feelings. Never before had an imperialistic power moved them to pity. This is unthought-of. This year’s deficit is estimated to be $1.6 trillion and its foreign debt has gotten completely out of hand. It hits numbers that only mathematicians and astrophysicists knew existed few decades ago. There is no space for these numbers in the electronic boards so it is driven to add new elements on them.
It all started with the big crisis of 1929. The American economy reached a deadlock because of its social "pathogenesis"; a deadlock that led it to economic crisis in a different - faster- pace than the rest of the industrial forces of that time. Important decisions had to be made - mostly social - and the Whites didn't like that, especially the Whites' rulers, the Anglo-Saxons.
www.eamb-ydrohoos.blogspot.com/2010/02/ten-plagues-of-pharaoh.html
Authored by Panagiotis Traianou
I am going to read your link, then I am pretty sure I will junk you, just sayin...
Oy Vey! Blame it all on the JEWS! Are you still pissed over that Jesus crucifixion thing, jeeesh, get over it already!