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DOW(N): 521

Tyler Durden's picture


Remember when the Chairsatan announced that the US entered a recession yesterday and nobody noticed, even when Zero Hedge said it would take the market a day for the "sophisticated market players" to figure what just happened. No? We have one word... well, and one number: DOW(N): 521.

And as for Bank of America... the market appears to have great confidence in Moynihan's words... Just great.

Oh yes... gold

Full market U.S. market recap: 4pm (courtesy of Bloomberg All News)

  • S&P 500 down 4.5% to 1119.91
  • Dow down 4.7% to 10707.45
  • Nasdaq down 4.1% to 2380.77
  • S&P Mid 400 down 3.4% to 796.75
  • Russell 2000 down 5.3% to 659.61
  • Front Month Crude up 2.8% to $81.5
  • Front Month Gold up 3% to $1791.4
  • EURUSD down 0.1% to $1.4182
  • 10-yr yld down 17bps to 2.08%

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Wed, 08/10/2011 - 16:08 | 1547919 Cleanclog
Cleanclog's picture

Debt saturation!  QE2 gone in a poof!  Except we owe taxes on it in the future!

Wed, 08/10/2011 - 16:09 | 1547936 NewThor
NewThor's picture

Ben Bernanke is the 3rd anti-Christ.

Ben Bernanke is MABUS.

When does MABUS want the economy to collapse?

Who can fight the beast?

Wed, 08/10/2011 - 16:48 | 1548290 WonderDawg
WonderDawg's picture

Please. You give Bernanke WAY too much credit. He merely takes orders from the 3rd anti-Christ.

Wed, 08/10/2011 - 17:03 | 1548401 wisefool
wisefool's picture

Most theologians say that the antichrist is not a single person. They say it is the misguided intentions of many men aggregated into a seemingly innocuous/negligent form.

I leaned another word today: Gucci Gulch. Thank You university of MSNBC.

Wed, 08/10/2011 - 17:19 | 1548492 TruthInSunshine
TruthInSunshine's picture



Bernankincide:                                        Who's there?

Goldman:                                                Goldman Sachs.

Bernankincide:                                       Goldman Sachs who?

Goldman Sachs and JP Morgan:           Goldman Sachs and JP Morgan, too.

Bernankincide:                                       What do you want?

Goldman Sachs and JP Morgan:           QE3.

Bernankincide:                                      Not now.

Goldman Sachs and JP Morgan:          Fine, bitch. Hey Americans, how do ya like your 401(k) now that The Bernank said no more cupcakes, bitchez?



I don't think that was a properly constructed knock-knock joke. But it works for me.

Wed, 08/10/2011 - 17:27 | 1548522 clymer
clymer's picture

where's Robot Trader? mumbling in a booze-induced coma?

Wed, 08/10/2011 - 17:51 | 1548619 AdahPrice
AdahPrice's picture

It got the point across.  Truly, IRAs and 401Ks were traps which led many a cube-farm worker into the Wall Street swamp, wherein Banker/Trader mosquitoes slowly bled him dry.

It's like when you put a General Partner and some Limited Partners together.  The Limited Partners bring money and leave with experience.  The General Partner brings experience and leaves with money.

IRA and 401K "participants" are Limited Partners.  Banker/Traders are General Partners.

Wed, 08/10/2011 - 18:22 | 1548755 Bobbyrib
Bobbyrib's picture

My IRA and 401K is all in cash. I suspect that to be the case of many of my fellow posters. We knew this day would come.

Wed, 08/10/2011 - 19:33 | 1549049 mayhem_korner
mayhem_korner's picture


As indicated in another post, I finished divesting of equities about 3 months ago, but for a few holdings in raw materials and energy.  Everything else is cash, physical commodities, and some short-duration bonds (which I'll drop soon enough).

Been an up week so far!

Wed, 08/10/2011 - 19:16 | 1548993 Diogenes
Diogenes's picture

If youre not into the whole brevity thing.

Wed, 08/10/2011 - 18:03 | 1548667 Midwest Prepper
Midwest Prepper's picture

"Most Theologians?"  Not so much. (I'm not saying anything about the identity of the anti-Christ) Maybe if you count people who don't believe that the Bible is to be taken seriously, you would have a population of such "theologians." But they view the Bible as a "living document" that is subject to every latest whim and fancy of how to interpret the Word to their benefit.

Wed, 08/10/2011 - 19:36 | 1549067 mayhem_korner
mayhem_korner's picture

Most theologians say that the antichrist is not a single person.

I'd be cautious about such generalities.  My view is that anything that distracts from belief in the risen Christ is an antichrist, of which there are, have been, and will be many.  Many (perhaps most, I do not know) interpret the writings of Daniel, 2 Thessalonians, John's letters, and Revelation to identify a supreme, capital "A" Antichrist who deceives the great masses.

Wed, 08/10/2011 - 16:46 | 1548273 DormRoom
DormRoom's picture

$TSX in the green.  Do you think fund managers are dumping financials, and rotating into mining/gold plays? Decoupling?

Wed, 08/10/2011 - 16:50 | 1548302 my puppy for prez
my puppy for prez's picture

Do you REALLY need to ask that question?!!!  Proof's in the pudding, baby!

Wed, 08/10/2011 - 16:08 | 1547925 the not so migh...
the not so mighty maximiza's picture

come on you slackers lets do -650...USA USA USA!!!!

Wed, 08/10/2011 - 16:13 | 1547976 Cognitive Dissonance
Cognitive Dissonance's picture

There is always tomorrow.

There feels like some unfinished business to the downside. On the other hand the S&P did hold 1120 at the close. Then again it closed at the day's low.

Can you say U G L Y?

Wed, 08/10/2011 - 16:15 | 1547996 bigdumbnugly
bigdumbnugly's picture

not only can i say it...

Wed, 08/10/2011 - 16:19 | 1548024 Forgiven
Forgiven's picture

The S&P didn't "hold 1120 at the close" Ben & Co held at that level.  The delusional thinking that a market exists is one of the strongest cognitive dissonance of our time. 

Wed, 08/10/2011 - 16:26 | 1548084 Cognitive Dissonance
Cognitive Dissonance's picture

I do understand what you are saying.

However I didn't say the "fair and orderly" market closed nor did I say the unmanipulated market. Just that the market did hold. Just because the market is manipulated does not mean the manipulation doesn't take advantage of technical levels. In fact, if I were to manipulate the market that is exactly what I would do because that is what algos and people watch during high volatility.

Wed, 08/10/2011 - 18:09 | 1548697 Hook Line and S...
Hook Line and Sphincter's picture

Market: A system in which individuals own the factors of production and decide individually how to use them; a system with completely decentralised economic decision making.

I guess its difficult to separate gov from big business when the two have blended into a fascist fellatio performance.

Wed, 08/10/2011 - 19:37 | 1549071 Hamsterfist
Hamsterfist's picture

Government has always existed to be slave for the elities.  Why is this a surprise?  Why does everyone expect pristine markets, when they have never been so?  

Wed, 08/10/2011 - 16:26 | 1548090 the not so migh...
the not so mighty maximiza's picture


Wed, 08/10/2011 - 16:29 | 1548116 pods
pods's picture

U.G.L.Y, You ain't got no alibi, you ugly!


Wed, 08/10/2011 - 18:40 | 1548839 andybev01
andybev01's picture ugly, yo momma says you ugly!

Wed, 08/10/2011 - 19:58 | 1549146 Almost Solvent
Almost Solvent's picture

You wack

You twisted

Yo' Girl's a ho

You broke 

Kid ain't yours

And everybody knows

Your old man say you stupid

You be like so

I love my baby mama

I never let her go

Wed, 08/10/2011 - 16:39 | 1548203 A Texan
A Texan's picture


Of course, I'm not too upset in the short term, as I've got Dec. calls on a triple inverse S&P 500 ETF.  So I'm making fiat.  But the situation in the economy just sucks.  There is so much uncertainty that jobs aren't being filled, projects are being cancelled or postponed, and many people are simply not spending money that they have.  None of that is good - and it is the job of government to provide a stable system in which to conduct business.  I blame mostly Obama for the incredible jump in non-confidence - after all, he's the President, and his childish blame-the-other-guy antics show that he's NOT a leader.  Congress on both sides is certainly to blame for not keeping the budget under control for the last several decades, and also for letting the banksters run wild iwth a guarantee of not failing.  The SEC and the Fed should be disbanded.  Basically, government has failed us - people of both parties, whether elected or appointed.  It is way past time for a big change.  Maybe we could use an American Spring - just to shake up TPTB.  I don't want an actual revolution, but things MUST change or we're going to end up crashing and burning like Rome.

Wed, 08/10/2011 - 17:10 | 1548452 New_Meat
New_Meat's picture

Watch that ultra-ETF decaying effect, pardner.

Wed, 08/10/2011 - 18:02 | 1548661 Dick Fitz
Dick Fitz's picture

"I don't want an actual revolution, but things MUST change or we're going to end up crashing and burning like Rome."

Texan. I don't think many people on ZH (despite their rhetoric) want to live through a revolution. They are bloody, dangerous, and often lead to outcomes worse than the original problem. Unfortunately, there is ZERO political will (due to the corporate owned and controlled media/government/banking/military nexus) to change the system in constructive ways. Until government is radically scaled back in size, scope and power, with most (if not all) functions devolved back to the local level, these problems will continue until the system snaps.

I'm not looking forward to the inevitable breakdown (or as Mises calls it, the Crack Up Boom) but I AM prepared for it, as much as someone can be.

Wed, 08/10/2011 - 21:14 | 1548962 Founders Keeper
Founders Keeper's picture

[I don't think many people on ZH (despite their rhetoric) want to live through a revolution.]---Dick Fitz

I agree. 

Peaceful restoration of our nation's founding principles is preferable.

Reexamine TJefferson's oft quoted statement:  "The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.  It is its natural manure." (Thomas Jefferson, letter to William Stephens Smith, dated 11-13-1787.)

IMO, Jefferson was not inciting or condoning bloodshed.  He was resigning to its tragic inevitable reoccurrence.

(The posters on ZH that eagerly await the unlikely--yet possible--Road Warrior scenario are ZHedge's juveniles, the anarchists.  The ones who have no plans or intentions of helping neighbors as suffering prevails.  Like self-centered children.  You know the ones---the ones who within 72 hours of TEOTWAWKI will be full fetal.  They will need a little love when the time comes.) 

Incidentally, I disapprove of leftists even more than I do anarchists.  The anarchists deceive themselves; the leftists deceive others.


Wed, 08/10/2011 - 19:24 | 1549016 Cognitive Dissonance
Cognitive Dissonance's picture

A quote from a coming article of mine.

What we desperately desire is for the thieving and insanity to end and for a return to the mythical land of Norman Rockwell. Can’t say I blame us, though it appears to be time to short unicorns and fairy tales and go long courage and cooperative collusion. Aside from preparing ourselves for the collapse, what are we doing to prepare our nation, state and community for this new beginning? Is it a matter of each of us waiting for everyone else to go first? Yeah, that will work wonders when the unrest goes local.

Wed, 08/10/2011 - 23:49 | 1549790 Bolweevil
Bolweevil's picture

I was pipe-reaming the other day with a not too dissimilar thought that this forum is as best as any to propose and draft the new framework for our next government. Perhaps we could develop a forum (what happened to the forum tab?) to submit ideas? I remember a poster who claimed to have won a local election who was supportive of the thoughts expressed here, perhaps there are more? Who amongst us fancies themselves as a leader?

Thu, 08/11/2011 - 03:25 | 1549982 ZeroPower
ZeroPower's picture

Is there a way to contact you?

Wed, 08/10/2011 - 16:08 | 1547927 Ancona
Ancona's picture

Apocalypse on, standard issue doom off.

Wed, 08/10/2011 - 16:18 | 1548014 cossack55
cossack55's picture

Damn. The local shops are out of 7.62x39 again.  A little .45 left. Oops. Too late.

Wed, 08/10/2011 - 16:21 | 1548039 RobD
RobD's picture

Big Reno Gun Show is next weekend. I'm taking a my hand cart and a bunch of FRNs.

Wed, 08/10/2011 - 16:31 | 1548133 LFMayor
LFMayor's picture

I"d love to see that venue some day.  On other side of the river, the smaller, (but still big) Indy gun show is coming up at the state fairgrounds 26, 27, 28.   Highly recommended.   Bring cash, bitches.

Wed, 08/10/2011 - 16:37 | 1548189 cossack55
cossack55's picture

I went there in Mar 09, right after the Teleprompter was innaugurated.  The line was 3 deep about two football fields long.  Gotta get there early and by then will need handcart to carry FRNs.

Wed, 08/10/2011 - 16:44 | 1548259 LFMayor
LFMayor's picture

I was there Jan of this year and it was the most crowded I've seen yet, nut to but down every aisle, but I admittedly missed the one right after the Mocha Messiah got the job.  There weren't a lot of guys carrying stuff to sell either, just a conga line of purchases headed out the door.  A few years back you could really get some good deals on "carry ins", now it seems everyone is hoarding and stocking up.  They all smell smoke on the wind.

Wed, 08/10/2011 - 17:10 | 1548448 RobD
RobD's picture

Hey I was there with ya. Went both Saturday and Sunday, loaded up on ammo Saturday morning before it got too crowded. Sold a .45 glock in the line waiting to get in for my asking price. I'm going Friday afternoon after work this time, hopefully there won't be too many there at 3:00pm.

Wed, 08/10/2011 - 22:52 | 1549686 Prometheus418
Prometheus418's picture

Be a good man, and pick up some silver at the coin shop beforehand instead of walking in with those FRNs- the boys at those guns shows will likely give you a discount if you them with real money.  (At least, they do in WI.)

Wed, 08/10/2011 - 16:22 | 1548042 Eagle Keeper
Eagle Keeper's picture

I load my own....

Wed, 08/10/2011 - 16:34 | 1548164 Ancona
Ancona's picture


Wed, 08/10/2011 - 16:37 | 1548181 RobD
RobD's picture

I do too but only .40 and 10mm right know, will be picking up dies and conversion kit for .223 and .308 for my Dillion soon.

Wed, 08/10/2011 - 16:41 | 1548226 cossack55
cossack55's picture

Remember last time. The primer market for reloaders is at the bottom of the que.  The big boys (Federal, Remington, Winchester) all have priority on the 12 billion primers (peak production).  May want to start there.

Wed, 08/10/2011 - 16:44 | 1548253 Eagle Keeper
Eagle Keeper's picture

I could use some more large pistol primers. I like my .45ACP

Wed, 08/10/2011 - 16:46 | 1548277 LFMayor
LFMayor's picture

+1 that.   Notice that it's making money for WOLF to ship them all the way over here now, too.  Never saw those before the shortage crunch and the price increase. 

Wed, 08/10/2011 - 17:18 | 1548483 Abiotic Oil
Abiotic Oil's picture

Primers were pure unobtainium for a year after "The One" was elected.  I wasn't expecting it and got caught short.  I have since remedied that problem... forever.

Wed, 08/10/2011 - 23:13 | 1549728 krispkritter
krispkritter's picture

My sister called about a week ago, told me my old man had passed on. I hadn't spoken to him in over 20 years because of a laundry-list of issues when I was in my teens. It seems we didn't have anything to talk about. I was then informed he had 44 guns and a couple of grenades when they searched the house. Maybe we had more to talk about now, than we ever did before. I do remember reloading 5k rounds of .223 in HS, but I guess I missed the significance of preparation. What a difference a few decades makes...

Wed, 08/10/2011 - 23:53 | 1549796 Bolweevil
Bolweevil's picture

Sorry to hear of your loss.

Thu, 08/11/2011 - 11:37 | 1551072 Kobe Beef
Kobe Beef's picture

Funniest market call I've heard in a week. Apocalypse On!

Great call!


Wed, 08/10/2011 - 16:09 | 1547934 Temporalist
Temporalist's picture

Damnit I'm not sophisticated!  I'm just simple and buy physical gold and silver.

Wed, 08/10/2011 - 16:09 | 1547937 Dr. Engali
Dr. Engali's picture

He are fundementaly strong. We have a strong balance sheet. We are executing our growth plans.....blah blah blah. See you when JPM gets you for $2.00

Wed, 08/10/2011 - 16:11 | 1547938 TruthInSunshine
TruthInSunshine's picture

Remain calm.

The Bernank is the Fed Head, and William Dudley is the NYFRB head.






....Resume panic!!!!!!!

Wed, 08/10/2011 - 16:41 | 1548221 Greater Fool
Greater Fool's picture

Option expiry tomorrow.

Expect everything.

Wed, 08/10/2011 - 16:10 | 1547943 abaccus
abaccus's picture

well eventho im very bearish i did buy into the close with a stop at rhe last low..see how thats gonna  play out..on another note wtf did cnbc invited dimon for? "we're the greatest country with best schools best everything" he forgot "best comedians"

Wed, 08/10/2011 - 16:11 | 1547944 hedgeless_horseman
hedgeless_horseman's picture

Where the fuck is Liesman?

Wed, 08/10/2011 - 16:24 | 1548070 Larry Darrell
Larry Darrell's picture

I hope he's sitting alone in a dark room with a spilled pill bottle on the floor next to his overpriced leather chair taking a long swig of whiskey while staring at the revolver in his hands as he cries because he finally realises he's been an ignorant tool his entire life.

Wed, 08/10/2011 - 16:43 | 1548126 hedgeless_horseman
hedgeless_horseman's picture

According to Edwards, McGee, Page, and Brin the iWILDEBEEST are on the move and heading north!!!!!!!!!

The Google Investing Index tracks queries related to "stock, finance, captial, yahoo finance, stocks" and so forth.



Wed, 08/10/2011 - 17:19 | 1548493 max2205
max2205's picture

When did you get approval to post images? I want that please

Wed, 08/10/2011 - 16:34 | 1548162 Hansel
Hansel's picture

He's fishing with David Kotok in Maine.

Wed, 08/10/2011 - 16:46 | 1548210 hedgeless_horseman
hedgeless_horseman's picture

"Steve Liesman is one fat cocksucker smart fellow." -David Kotok

Wed, 08/10/2011 - 16:53 | 1548323 Hephasteus
Hephasteus's picture

+1000 beatings from the russia mafia over the destruction of the ruble in 1998.

Wed, 08/10/2011 - 16:52 | 1548312 rufusbird
rufusbird's picture

Last spotted entering the offices of the "Witness Protection Division".


Wed, 08/10/2011 - 16:10 | 1547945 goldinpenguin
goldinpenguin's picture

Where would we be without yesterday's manipulation!

Wed, 08/10/2011 - 16:10 | 1547946 kaiten
kaiten's picture

Enter Japan.

Wed, 08/10/2011 - 16:11 | 1547950 useless_fact
useless_fact's picture

Nice to see the miners perk up.

Wed, 08/10/2011 - 16:33 | 1548156 mynhair
mynhair's picture

Very much so. Took some GPL profits.

Wed, 08/10/2011 - 16:53 | 1548325 The Shootist
The Shootist's picture

mmm, silver

Wed, 08/10/2011 - 17:18 | 1548486 Cathartes Aura
Cathartes Aura's picture

silver 39.29, JPM 34.37. . . ruh roh.

Wed, 08/10/2011 - 16:11 | 1547952 Jumbotron
Jumbotron's picture

Lost Decade....part deux.

Wed, 08/10/2011 - 16:13 | 1547971 Comay Mierda
Comay Mierda's picture

Lost century

Wed, 08/10/2011 - 16:21 | 1548038 Long-John-Silver
Long-John-Silver's picture

Lost Country

The South will rise again just to save itself. 

Wed, 08/10/2011 - 16:24 | 1548063 Citxmech
Citxmech's picture

Lost Eternity.

Wed, 08/10/2011 - 22:58 | 1549699 Prometheus418
Prometheus418's picture

No, that's unacceptable.  Things are bad, and going to get worse- but piss on your lost eternity.  We conquered this entire planet from a state of nature, and we'll do it again, if need be.

Wed, 08/10/2011 - 16:11 | 1547959 RockyRacoon
RockyRacoon's picture

Gold still ramping up.   Got a long way to go to reach $2,400.  

Uga-chuga, uga-chuga...

Wed, 08/10/2011 - 16:16 | 1548000 Cognitive Dissonance
Cognitive Dissonance's picture

Very impressed with not only Gold, but the miners. Even Silver did well today in an ugly sell off of nearly everything.

It appears the miners are decoupling from the overall market. That could lead to an explosion to the upside since there is a huge underperformance in the miners compared to Gold since May 1.

Wed, 08/10/2011 - 16:20 | 1548035 cossack55
cossack55's picture

Beware nationalization.  Also, are they scheming the great 401/IRA seizure even as we laugh and drink and smoke.

Wed, 08/10/2011 - 16:26 | 1548077 Long-John-Silver
Long-John-Silver's picture

All private retirement accounts will be nationalized and folded into Social Security.

The Government will tell you that it will restore the equity value in that account as of

4-AUG-2011 and you will be able to draw on it as an annuity to your Social Security

retirement on retirement age (to be determined later). The people will shout for joy

and heap praise on the government for saving them.

Wed, 08/10/2011 - 16:27 | 1548099 Bastiat
Bastiat's picture

Wouldn't be surprised at all: in fact I was saying that after the 2008 meltdown.  With an offer to restore nominal value they could get huge voluntary participation.

Wed, 08/10/2011 - 16:38 | 1548193 NotApplicable
NotApplicable's picture

Kind of like the same way that the FEMA camps will fill themselves.

Wed, 08/10/2011 - 18:11 | 1548707 AdahPrice
AdahPrice's picture

The Pirates of K-Street.

Wed, 08/10/2011 - 18:30 | 1548808 Bobbyrib
Bobbyrib's picture

It will never happen. There are too many people with retirement funds.

Wed, 08/10/2011 - 18:50 | 1548880 andybev01
andybev01's picture

I suggest that the gubmint may try something like that and people stare at me like I have two heads.

When it does both of me will be laughing in their faces. (-:  :-)

Sat, 08/13/2011 - 09:41 | 1556940 RockyRacoon
RockyRacoon's picture

Tell that to the Argentinians.

Wed, 08/10/2011 - 16:25 | 1548079 Bastiat
Bastiat's picture

Any  particular nation or are they all equally stupid in your opinion?

Wed, 08/10/2011 - 16:28 | 1548106 Long-John-Silver
Long-John-Silver's picture

Argentina has done it and provided the template for it's implementation.

Wed, 08/10/2011 - 16:31 | 1548135 Cognitive Dissonance
Cognitive Dissonance's picture

Yes. But not completion.

Then again the asshats won't be in office when completion doesn't complete.

Wed, 08/10/2011 - 16:39 | 1548202 juwes
juwes's picture

hey cog.  The authorities have labeled the riots with prop gandalicious, machine gun style repetitiveness.  It's unfortunate that on an island such as Britain, not a single person who spoke to the MSM on behalf of the people (not the state) could articulate these three talking points, but instead just muddled words about social something or insurrection, the other side saying villains, criminals, thugs, etc...

Sorry, back to the three talking points the people, that's 80% of them of their population, should be chanting on tv, print and net.

1. Corporations need to build training acadamies, rec centers, and factories, and train the plebs to make things in the factories, be productive and self sufficient.

2. Corporations must pay their wage slaves 50% more money and ask that the wage slaves do more than press the 'start' and 'stop' button all day.

3. Corporations must stop keeping 90% of all the wealth (that's the board of directors and top executive thieves) for safe keeping in their banks, and instead share it with the ones who do all of the work and are responsible for collecting money on behalf of the company.

4. (bonus) Corporations must have their attack dog lawyers stand down from writing laws in all world governments and markets that favor profit above all other considerations.

I'm pretty sure those last two points are made by unions, but those are evil according to MSM.


If these demands of the people are not met, these events will get worse and bring down their whole empire, and likely their heads.

Wed, 08/10/2011 - 16:44 | 1548260 juwes
juwes's picture

We must also ask ourselves as creatures called humans, why 29,000, or twenty nine thousand, Somalians who died of starvation this year are overwhemingly less tragic to the MSM than the 3, that's three, that died in England this past week.

Wed, 08/10/2011 - 17:18 | 1548484 Rodent Freikorps
Rodent Freikorps's picture

Do you remember the last Somalian debacle?

Western politicians do. It is a disaster, and always will be.

You can't save them from themselves, even in the short term.

Wed, 08/10/2011 - 17:09 | 1548443 Ying-Yang
Ying-Yang's picture

CD did not respond yet, but I agree.

4 great points that average Americans can understand and approve.

Perhaps Sir Tyler, CD and others at ZH can form the ZH Super-Duper Committee of 12 to draft a proposal to restart America.

Wed, 08/10/2011 - 23:59 | 1549808 Bolweevil
Bolweevil's picture

My thoughts too (see above).

Wed, 08/10/2011 - 19:26 | 1549023 Diogenes
Diogenes's picture

What about the Old Age Pensioners?

Wed, 08/10/2011 - 17:07 | 1548429 SamuelMaverick
SamuelMaverick's picture

Off topic, I am glad to see some of the regulars posting.  CogDiss, there has been a huge number of new posters this past week , and it is good to see you on here again. I just hope that Robo has not jumped out of his office window.   I made out Ok this past week with physical and junior and senior miners, only got hurt on one of the 500 point down days, but got it all back today.  Yours, Maverick

Wed, 08/10/2011 - 18:59 | 1548917 Cognitive Dissonance
Cognitive Dissonance's picture

CogDiss, there has been a huge number of new posters this past week , and it is good to see you on here again.

Not sure if you are saying that it is good for you to see me again or that it's good to see me after I have been away. Either way I have been here every day for nearly two years. And I posted three articles just last week. Click below to find them and others by me. :>)

Wed, 08/10/2011 - 20:35 | 1549272 SamuelMaverick
SamuelMaverick's picture

I do not read every post, and there have been a shitload of posts, and a shitload of newbies this past week.  For the last week, when ZH's server was not crashing, I did not see too many posts by the regulars on this site. It is great fun reading postings lambasting Leo, and having Robo recommending some shit equity trade when a yellow lump of metal has outperformed his ass for the last ten years.  

Wed, 08/10/2011 - 17:13 | 1548463 Hephasteus
Hephasteus's picture

Gold is watching this video now.

Wed, 08/10/2011 - 16:11 | 1547960 pods
pods's picture

Like a stumbling drunk.  Back and forth.

Except it is like Gulliver and all us small people are the Lilliputians.  

This puppy might just get away from them.


Wed, 08/10/2011 - 16:29 | 1548118 Cognitive Dissonance
Cognitive Dissonance's picture

All we need are a few horny algos and game over man, game over.

Wed, 08/10/2011 - 17:51 | 1548616 Spastica Rex
Spastica Rex's picture

They mostly come at night. Mostly.

Wed, 08/10/2011 - 16:12 | 1547962 etrader
etrader's picture

Bonds are still pricing the SPX 25% lower then where its at.....

Its Bond desks verse equity desks

normally = the later is wrong

Wed, 08/10/2011 - 16:35 | 1548166 candyman
candyman's picture

I see it technically but please explain this pricing mechanism.

Wed, 08/10/2011 - 16:12 | 1547969 Ned Zeppelin
Ned Zeppelin's picture

"Is there a hole for me to get sick in?"

- Bob Dylan, Tombstone Blues.

Wed, 08/10/2011 - 16:13 | 1547970 Johnny Yuma
Johnny Yuma's picture

You see what happens, huh?! This is what happens when you fuck a stranger in the ass!!!

Wed, 08/10/2011 - 16:13 | 1547972 John Law Lives
John Law Lives's picture

There's nothing quite like an efficient market that promotes fair and open price discovery.  The only thing better is a Federal Reserve System that effectively maintains stability of the financial system.  Wow.  We are lucky to be blessed with both!

100% FUBAR.

Wed, 08/10/2011 - 16:33 | 1548153 Mr Kurtz
Mr Kurtz's picture

Yup! The "Invisible Hand" at the FED sure does work wonders.

Wed, 08/10/2011 - 16:40 | 1548206 John Law Lives
John Law Lives's picture

QE3 (in the form of large scale asset purchases) will be hard to justify unless the markets get taken down further and more people panic about their 401(k) and/or pension plans etc.  No telling what might happen next in this crazy market.

Wed, 08/10/2011 - 16:40 | 1548207 NotApplicable
NotApplicable's picture

God bless us, everyone!

Wed, 08/10/2011 - 16:13 | 1547974 machineh
machineh's picture

Somebody knows something.

Most likely, that we awake tomorrow to a bloodbath in European banking shares that will curl your freaking toenails.


Wed, 08/10/2011 - 16:19 | 1548018 Snidley Whipsnae
Snidley Whipsnae's picture

Exactly what I expect when I rise tomorrow... FUBAR in European banking...and gold will be trading over $1800 on the Comex open... maybe on the LBMA price fix.

Anyone wondering why the CRIMEX hasn't hiked margins on gold? Think about it...


Wed, 08/10/2011 - 16:27 | 1548094 machineh
machineh's picture

Errr, JP Morgan lacks the cash to put up more margin on their short position?

It IS mighty odd that the usual suspects haven't pulled off their usual caper.

Can't depend on nothin' no mo' ...

Wed, 08/10/2011 - 16:30 | 1548122 MyKillK
MyKillK's picture

All their cash is sucked up into the Treasuries that are being forced upon them

Wed, 08/10/2011 - 16:32 | 1548144 Snidley Whipsnae
Snidley Whipsnae's picture

Machineh, congrats! If I could reach you I would hand you a ice cold Sam Adams...

Wed, 08/10/2011 - 16:44 | 1548262 hunglow
hunglow's picture

Ding, ding, ding.   That BIG sell off is coming.

Wed, 08/10/2011 - 17:41 | 1548585 youngman
youngman's picture

Who is going to sleep????

Wed, 08/10/2011 - 19:09 | 1548963 andybev01
andybev01's picture


Wed, 08/10/2011 - 16:14 | 1547983 kito
kito's picture

but laszlo birinyi says buy buy buy!!! s&p to 1500!!!! listen to laszlo, he knows best!!--well almost, jim cramer knows more--but buy, buy buy!!!

do i need that sarc off thingy here?

Wed, 08/10/2011 - 17:52 | 1548621 Spastica Rex
Spastica Rex's picture

No. A joke isn't funny if it has a <joke> tag.

Wed, 08/10/2011 - 16:14 | 1547985 reader2010
reader2010's picture

They will have to rely on more bigger wars going forward from here.

Wed, 08/10/2011 - 16:26 | 1548089 Citxmech
Citxmech's picture

If the conflicts get too much bigger we're going to start running out of personnel and equipment. 

Wed, 08/10/2011 - 16:32 | 1548151 LFMayor
LFMayor's picture

Incorrect.  You haven't been drafted yet, now have you?

Wed, 08/10/2011 - 17:39 | 1548578 Rodent Freikorps
Rodent Freikorps's picture

Man, I am the perfect age to not get drafted, but I can help keep all the girls home fires lit.

Good times.

We are not a true empire until we conquer other countries and just keep all their stuff.

Wed, 08/10/2011 - 23:09 | 1549719 Prometheus418
Prometheus418's picture

Maybe- I know that if the "defense" orders keep up the way they have, people are going to start dropping like flies at my shop.  I've worked 88 hours in the last nine days, and they are demanding more.  Yay, hyperinflation! 

Wed, 08/10/2011 - 16:15 | 1547988 youngman
youngman's picture

Yesterday was very strange for me too....I saw no tomorrow after another 400,000 unemployed...what next...there will be no good news for awhile.....California sales tax revenues DOWN 10% last that is a big number...580 million or something..and of course it was WAY below the politicians estimates for theri budget deal...they ahd 5% growth or we see it...they don´t....and who is buying those me that is vey very vs Bonds..easy choice for me


Wed, 08/10/2011 - 16:22 | 1548050 Snidley Whipsnae
Snidley Whipsnae's picture

Yesterday stocks began a sell off on the Fed release. Then GS put out a story saying that the Fed was going QE again and stocks roared into the close, up ~400 pts.


Wed, 08/10/2011 - 16:53 | 1548328 ReactionToClose...
ReactionToClosedMinds's picture

one wonders about that whipsaw yesterday .... PPT needs some kind of cover to operate under ... so that's a fair candidate 


Wed, 08/10/2011 - 23:12 | 1549726 Prometheus418
Prometheus418's picture

Was there any good news in recent memory?  Hell, just counting wildfires, nuclear meltdowns and floods, it's a wonder any of us are still here.  And that's not even scratching the surface of the real problems.

Wed, 08/10/2011 - 16:17 | 1547989 dwdollar
dwdollar's picture

So it should be +600 or -600 tomorrow.  Price stability.  Don't question it prole.

Wed, 08/10/2011 - 16:15 | 1547993 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

Seriously, TD, the amount of stuff you file on a day like today is simply astonishing.

Thanks so much.

Wed, 08/10/2011 - 19:12 | 1548975 andybev01
andybev01's picture

*psst* there are multiple TD's

Thu, 08/11/2011 - 00:14 | 1549829 Bolweevil
Bolweevil's picture


Wed, 08/10/2011 - 16:16 | 1547999 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

What are Bernanke and Obama waiting for?  Drop some damn cash from your ivery towers already!  If they don't, we will end up like London!

....wait a they....want riot...???

Wed, 08/10/2011 - 16:27 | 1548096 Freddie
Freddie's picture

Hope & Change

Wed, 08/10/2011 - 16:28 | 1548113 jowenchrist
jowenchrist's picture

Lets go - just like chicago 1968 - let's rumble bitchez!

Wed, 08/10/2011 - 17:22 | 1548505 max2205
max2205's picture

DC might follow London while the Bamerramer is on vacation. He has cable there....I think

Wed, 08/10/2011 - 16:29 | 1548117 cossack55
cossack55's picture

Want "us" to? Who the hell you think is organizing it? Got Blackberry?

Wed, 08/10/2011 - 17:46 | 1548598 Rodent Freikorps
Rodent Freikorps's picture

Why does everyone forget CB radios, and walkies?

Wed, 08/10/2011 - 17:02 | 1548397 reader2010
reader2010's picture

The difference is that they don't have any FEMA camps in England. 

Wed, 08/10/2011 - 17:48 | 1548609 Rodent Freikorps
Rodent Freikorps's picture

Sure they do. Ever been exiled to the Orkneys?

Wed, 08/10/2011 - 23:13 | 1549730 Prometheus418
Prometheus418's picture

Yes, they do.  So don't start unless you intend to go for the gold.

Wed, 08/10/2011 - 16:16 | 1548001 e_goldstein
e_goldstein's picture

"bring the gold and I'll bring me sack..."

Wed, 08/10/2011 - 17:03 | 1548399 Citxmech
Citxmech's picture

Oh fuck me - that shit is funny! 

Damn thing sticks in your head though - you've been warned!  =]

Wed, 08/10/2011 - 16:16 | 1548005 Gringo Viejo
Gringo Viejo's picture

As a courtesy to fellow ZHers I'll not speak the Mortimer Duke lines.

Wed, 08/10/2011 - 16:17 | 1548006 TruthInSunshine
TruthInSunshine's picture

It's not like the stock market is rigged or that The Bernankstain has created some of the most mis and dis-priced markets and asset classes in history.

It's not like real uemployment, economic (non)growth, falling living standards, government deficit spending, disparity in living standards, state and local government budgets, the national debt, or a myriad of other categories are problematic.

It's not like the equity market isn't where it was 13 years ago in nominal terms, or about 33 years ago, in real terms, even after BKing many 'buy and hold' investors and traders, also.

It's not like the U.S, has politicians and business execs who have no loyalty to this nation, and who have sold out the manufacturing base, or who have allowed Wall Street to literally write its own rules and get subsidized by taxpayer monies, or that banks are in disastrous shape.

Am I right?

Wed, 08/10/2011 - 16:30 | 1548130 cossack55
cossack55's picture

Its not like that at all. ROTFFLMFAO

Wed, 08/10/2011 - 16:33 | 1548157 wandstrasse
wandstrasse's picture

what was your queston, again?
well, yes.

Wed, 08/10/2011 - 16:17 | 1548010 shazbotz
shazbotz's picture

any bets on a full market crash this week or next?


Wed, 08/10/2011 - 16:21 | 1548036 karzai_luver
karzai_luver's picture

Did I understand that BOFA CEO had ALL his net worth in BOFA?


Would you want an idiot like that running YOUR bank?


Wonder if Timmay and Beernake bank there as well?




Wed, 08/10/2011 - 16:25 | 1548074 Snidley Whipsnae
Snidley Whipsnae's picture

He is either a liar or a fool... or both.

Wed, 08/10/2011 - 16:43 | 1548241 Hooter Shaker
Hooter Shaker's picture

Moynihan is going to be looking for a new job shortly, me thinks. 

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