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EPIC PLUNGE: -633.78, 6th Largest Drop In Dow Jones History
And there you have it: following last Thursday's massive 500 point drop which so many said was a buying opportunity, here comes a -633.78 plunge in the DJIA, which is the 6th largest absolute point drop in Dow Jones Industrial Average history, following 4 larger drops in 2008 following the Lehman bankruptcy, and one back in 2002. We just made history. If the DJIA can drop more than 800 points tomorrow, which it probably will if Bernanke does not announce QE3 in some form, 2011 will be #1!
And in other news, the VIX soared a ridiculous 50% to 48 for the biggest jump since 2007.
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Spot on
Here is a great read on the first one,
Murray Rothbard: America's Great Depression (Free via Mises Institute)
Ohhhh, I knew I liked you for some reason BabyB! Rothbard FTW!!!
Are you really just 21? Amazing...
if you believe she's 21 and the hot babe in her avatar, then i've got some ETF shares you might be interested in.
My brother got me into this stuff a few years ago. I have been learning everything I could get my hands on since. After all my future is at stake, kinda important.
I know about Rothbard because Ron Paul recommend him in both his latest books "The Revolution" and "End the Fed".
Yeah but in 1929 we were a creditor nation instead of a debtor nation. We had a strong industrial base. Sounds a lot like China today.
Correctamundo!
exactly. only white men ran things and women still hadn't figured out how to vote yet. this is far worse.
how could anyone be so foolish as to not see this coming?
http://www.youtube.com/watch?feature=player_detailpage&v=1kt3Q00iJVU
Wow ! That first Dow chart from 1980 looks like the seismograph showing the foreshocks of the earthquake that broke apart the world in the movie 2012.
Go long Mayans !
I have no position in BofA so I will say what I have observed today. I am a pilot and I witnessed a charter flight roll up to a FBO with a bunch of legal begals from a certain firm that specializes in Title 11 USC stuff from a certain state to a certain city in NC so I think things are going to go ape shat soon. It could be an unrelated matter but the timing is to suspect. Again, just an observation not a confirmation and I have no position in BofA or any of its subsidiaries or any stock for that matter.
Thanks for that Guy
Forewarned is forearmed
LJS,
Does this mean, YOU do not buy anything but Silver here?.
Seems like the biatchez take it down everytime it goes past $40-$42.
I have been in front of Kitcos 30sec changes most of th day, and Silver has sat at $39.00 ALL DAY,until a minute ago, up $0.10.
Frigging joke.........should have moved to $45/48 today.
No worries...
the Chinese are on it...http://www.hkmerc.com
HKMEx should end Comex monopoly.
(Let's hope the Communists maintain their contempt for the Rothschilds and keep them at bay.)
Let's see some real SILVER pricing...f*ck the paper.
"Silver has sat at $39.00 ALL DAY,until a minute ago, up $0.10."
Wow! with all the volatility to the upside expect a margin hike soon!
I think you need to refresh your page more often.
Silver is now 39.02 after grazing above 40 today before the pullback.
It's still up from Friday's close of 38.32
I have Gold too. I got in at $12 Silver and $700 Gold. I remember the same resistance at other levels too, but they were passed. $19 was tough as was $22. Then it zoomed up to $36 where epic battles were fought but it too fell. Now the line is $40 but this too will be breached. Anyone still playing this game after May's "Battle of the Bulge" Silver take down using multiple margin Nuke Strikes are battle hardened veterans and are prepared for margin hikes again even if they go to 100%. When Silver explodes to over $50 one night in Asia it will be over for them as their shorts are called in and all they have to show is counterfeit paper IOU's.
Tend to agree Long-John
Seems London may have been up to its old tricks today, a coupla times.
The $50 price point will be a huge, epic battle. The shorts will pull out some big $$ to keep from having to show the IOU's. No?
Waiting
Waiting
Waiting
For THEM to take over IRAs and 401Ks in the guise of guaranteed returns.
Something along the lines of "...we'll give you a guaranteed return with 'no' risk..."
That should be fun if THEY get away with it.
So when can we expect the margin increases on the barbarous relic?
Very soon, Au (Gold) will become Uo (Unobtainium).
Very soon, Au (Gold) will become Uo (Unobtainium).
The 6.66% drop in the S&P was the signal.....zombie apoacalypse soon to follow.
Do the zombies take silver?
Yes, but the werewolves don't.
Zombies go after brains. I dont think silver hurts them so they might take it.
Stock up on holy water and make sure you get to know that crazy hermit/aesthetic/clergy person.
But I don't want to know you. Perhaps if you wine & dine me, we'll get a little bit closer.
I am too poor for that. do you follow the economy?
Remember those no loss trading quarters? Yeah. Me either.
No worries...
the Chinese are on it...http://www.hkmerc.com
HKMEx should end Comex monopoly.
(Let's hope the Communists maintain their contempt for the Rothschilds and keep them at bay.)
Let's see some real SILVER pricing...f*ck the paper.
"HKMEx should end Comex monopoly."
Same people, different continent. HKMEx = ComEx Asia.
I dunno, I can't help thinking this is a classic stage by the stooges. In exchange for not prosecuting S&P, the WH has S&P downgrade the Treasuries (easy to control-just widen the curve) and set the excuse for QE3. The timing of all this seems so strange. Anybody else in for the conspiracy theory?
See my comments above. This was clearly planned.
the S&P is falling down
falling down
falling down
the S&P is falling down
Let's all panic
London Bridge is Falling Down ( tPoP remix)
(With all due appologies to Harry Roberts)
Ben Bernanke is our friend
Is our friend,
Is our friend.
Ben Bernanke is our friend,
He kills markets.
Keep him on to kill again,
Kill again,
Kill again.
Keep him on to kill again,
Ben Bernanke
Did the world just end? This is crazy what are the asians going to do when they wake up?
Does this have an end or is it only the beginning?
Will the world even have hedge funds by morning?
"what are the asians going to do when they wake up?"
BTFD?
Cantor/Boehner ticket for President?
Just looking to keep the PM (most of my portfolio) ball rolling... thanks boys, knew I could count on you!
Schiff just on cnbc. He was a bit flustered.
Uh Oh.
S&P - Down 6.66% Harbinger of things to come?
WRONG.
IT'S EXACTLY THE OPPOSITE.
:-))))
Sucks being right.
Wait....
....no it doesn't.
Just sucks being me right now!
Just sucks being me right now!
BTFP (Buy the fucking peak). $2500 by December entirely possible. And never, ever, invest more than 100% of your net worth in any one thing...
/not sarc /not sarc /sarc
Or to quote the financial maven Bette Davis, “Hang onto your hat, we’re in for a bumpy ride.”
Naked Capitalism
Tax avoidance 0, Obama tax increases on the wealthy 1. We did get our 1000 point drop after all! So now let's do the math: trillions lost in cap value, few nickels saved in lower taxes. Happy! But, that's not the end of it.
The real shit will hit the fan when the elites wake and find out that the peons can no longer support the economy nor afford to pay all the taxes. You can gut all the Social Security and Medicare you want, that'll just speed up the collapse. Oh and all your gold, good luck finding anyone with a nickel to distribute to.
Copper, bitchez!
Uhmmm, pretty cryptic post.
Care to explain for us "less than educated" proles?
it must also be noted the S&P was down 6.66%
the low on the S&P in 2009 was 666
The Number of The Beast
get out of here with that superstition bullshit.
Eat todays shit, Hamy, Robo, and anyother momo's/trolls, ha ha ha ha ha ha. I do not watch CNBC, but I would love to know what they were saying today, come on TD, where is the rip on CNBC.
None of them know what they are talking about, so WTFC??? They will drop by the wayside, just like all the other trolls have done...
Hehe.. Not a chance.
Methman, smailes, and me r still here.
We made bundles of cash on ZSL which i documented purchasing at 13.79 one week before the silver crash. They will be back. Besides, robo congratulated you guys for your current winnings. We are good sports about it.
So who really is the troll here?
your repeated refusal to engage in discussion when you're getting your ass/ideology handed to you is a big part of what makes you a troll, dipshit.
smailes, lololololololol - GOT GLUU?? GOT MPEL???? GOT CAT????????? he'll be driving trucks 'till he's 90 at this rate.
pussies, every single one of you.
I'd give anything to get a blue pill.
Back when free meant from thin air.
This is AmeriKa.
We brought you airplanes, electricity, and nuclear weapons. We don't do shit halfass.
We got your 800 point drop bitchez, and raise you.....
Folks, all thats left now are Wars, Culling of Humanity and then even more Wars.
It is time for Me, Arch Duke Ferdinand to make a state visit to London, in an open landau of course, and traverse the city until something happens.
...Grab your bags of popcorn, snuggle down with the wife or the dog and
follow the play by play.
*****OT: 2 min hilarious video...
http://www.youtube.com/watch?v=W0Uju3tYS2s
Just stay away from Sarajevo and wear a helmut, please.
"*****OT: 2 min hilarious video..."
Why do you keep shilling for that stupid video? It's pretty lame. Is that you on the inversion table, or are you the kid?
there will be NO qe announcement tomorrow......yields are still fallling and jobs "numbers" on friday werent that bad by bens standards. you can forget QE before years end, just sell equities , dont be stupid.
Agree
Don't think. Just trade. They broke 1120 on the S&P. No one who bought over the past 13 months is in the green (except mining shares). Hedgies aren't getting the QE3 Hail Mary from the Fed from Jackson Hole this year.
Wow. D. Nathan Sheets throws in the towel.
http://www.bloomberg.com/news/2011-08-08/fed-s-d-nathan-sheets-resigns-a...
atomizer, anyone please send that to Tyler.
Incredible.
Helicopter Ben, the nation turns its lonely eyes to you. We pray you've taken off from Jackson Hole and will soon arrive with your August magic. We just can't make it without you, our lord and savior. In your name we pray. Amen.
ooooops.... I guess that old saying that an oversold reading can get a lot more oversold is true!
A friend just told me that Rick Perry was at the last Builderburg meeting.... is this true? Isn't that like being in Satan's inner circle?
I wish we could check his head for marks but that hair... Damn he's clever
Must have more downgrades coming soon! I love it.
Downgrade every damn union infested entitity at the state, city and municipal level.
Let it all fail! Break up this centralized bitch into repuplics of Socialized (blue) and Free (red) states.
Tyler...
You've got style.
Well.....I suppose if 500 down is a buying opportunity then 600 more down is a super buying opportunity?
EWZ is hurting me right now but with a yield of 6 percent I am gonna triple down if it goes down some more.. Already doubled down.
An 8 percent yield has always led to fabulous returns on brazil.
ES just plunged by 10 points. Why?
March 2009 $spx low was the 666... then 6.6% todays down in the chaos...freaky...maybe we should change to S&P600 or S&P666, the Freddy Krueger index..
Freaky or not we are in a world of evil shit..
Someone is pretending to be concerned.
Subpoenas Go Out to High-Speed Trade Firmshttp://online.wsj.com/article/SB1000142405311190448090457649457311046527...
"Subpoenas Go Out to High-Speed Trade Firms "
for not artificially keeping the markets in the green at close...... as per their directive from the fleecers (GS, et al).
Slamming silver all through London and NY.
I think the east is going to be happy to BTFD.
I loaded up at the close of NY today.
...
It's a Miracle http://www.youtube.com/watch?v=cyy4zeS4-5o&feature=related
Where can I get a copy of Algorithms Gone Wild?
tomorrow we will get -8.88, in in china those are the luckiest numbers you can have
hyperinflationary phase in 10...9...8...7...
Read more: http://www.dailymail.co.uk/news/article-2023809/Did-George-Soros-win-10-1-return-S-Ps-US-credit-rating-downgrade.html#ixzz1UTtOx9ai
Interesting that the closing loss for S&P was 6.66% I recall that the turning point in March 2009 was 666. Not to be overly Da Vinci Code-ish, but wouldn't it be funny if "they" tried to rally off this last close?
I firmly believe that this market will go lower whatever shinanigans they get up to. Just wish I had the guts to be short last week!
US At Risk of Double-Dip Recession
The wrangling over raising the US debt ceiling led the country to the edge of a financial disaster, and the deal reached seems like a band-aid on a torn jugular. A total of $2.4 trillion is to be saved over a period of 10 years, but that's not much given the debt today already amounts to a barely imaginable $15 trillion and will probably have reached $20 trillion in a decade.
The US has been living above its means for years. The wars in Afghanistan and elsewhere, the world's most expensive healthcare system, costly stimulus programs -- the US kept on paying for it all with borrowed money. It worked as long as the economy kept on growing and flooded the state coffers with tax revenues. But now those coffers are empty, and the planned spending cuts couldn't come at a worse time.
http://www.spiegel.de/international/world/0,1518,779008-2,00.html
After maybe (maybe emphasised) on a coming relief rally; which will be more of a extreme swing trade. China's commodity consumption appears to be pluging, copper down 11%. That's a major global recession indicator
oops...someone else picked this up above... I wonder if the Brotherhood of Ancient Devil Bankers also caught the message?
Hopefully they were not too busy sacrificing a few Greek virgins (or a mix of Irish, Italian, Spanish virgins...).
Where the hell are you going to find virgins in any of those countries?
"Where the hell are you going to find virgins in any of those countries?"
At the pre-K daycare centers?
Quick question:
Wouldn't QE3 have to be approved the US congress and senate? If QE3 is launched, it would have to be 2-3X bigger than QE1 was? How is that going to work in a deadlocked government? I fail to see how a TARP 2 would make it through your govenment
QE is entirely at the discretion of the Fed; i.e., Rothschild, Warburg, Bernanke and Co. TARP - another direct taxpayer bailout of TBTF banks - is now the LAW, as per Dodd-Frank. The Ponzi Masters have all bases covered. Too bad the stadium is on fire.
Warren says he is buying. How do you know if he is lying? (Hint: His lips moved.)
ES down 10 to 1102
Whe the herd smells fear, they will stampede for the exits. Prediction- the bloodbath will continue tomorrow. What can PPT do? Where will the QE3 come from? Every action now will only exacerbate the situation. Flight to treasuries is no more than everyone running for the end of the ship that is still above water. The life boats are made of gold, bichchchez...or, arable land and a team of draft horses.
Don't the poor innocent farmers usually get pillaged by roving bands of heavily armed mauraders in the movies?
Kinda like what happened in Mad Max?
Today's thrill is not even close to this. If you have not seen it, be warned. This is scary shit! and amazing
http://www.youtube.com/watch?v=2A_h2AjJaMw&feature=player_embedded
Thanks ZH. Played Vix, TZA today. Nice payout. Noticed SRS ComRE has not collapsed yet. Looking at it next.
You guys are the best. Donation tomorrow as last time servers crashed and could not. :)
cnbc has a useless affirmative action, pear shaped chink slob with broken teeth, a brown, wetback ass kisser, a homo jude law clone, a kike from the upper east side, and cramer explaining the world and the markets to me via some b movie script as if I am a child. "Markets in Turmoil"
This is awesome in how bad it is. It is equally great that it is coming to an end and that the jews have hung themselves again.
I guess if you're gonna go for new records, might as well make it a good one. Why stop at -800? Let's go for.................. -1000!!!!!!!!! YEA!
A record drop would only deserve a record stimulus.
Joe average will be jerking off the dog to feed the cat after what's left of his 401 K is turned into Patriot Act T Bonds! Dip yer IRA oars into the water, and PULL for the SS Great American Dream, you scum, or Cap'n Bernankus will flay the skin off yer hides - oh, wait, he'es going to do that anyway. SO, PULL!
They're going to lurch from one debt disaster to the next debt disaster. That's the future of national governments and central banks.
Printing more currency to buy more government debt, steadily debasing the currency, is a safe trade because it's a sure trade.
When they reach a debt milestone there's wailing and gnashing of teeth. "Oh god, we've hit 20 triilion of debt, how did we ever let this happen?" Then they go right on printing more currency, buying more debt, heading to the next milestone.
For this ponzi scheme to continue, national governments must maintain stellar credit ratings.
Downgrade of a sovereign credit rating is an act of terrorism ...in their view.
TIME's "Man of the Year" Bitchez!
THE S&P 500 MONTHLY CHART THAT FORECAST THE CRASH.
Further downside expected.
http://bit.ly/x618
S&P down 6.66% in a day, breaking below the March 2009 low of $666 priced in gold.
That's really bad JuJu!
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