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Everything Not Nailed Down Being Bought
When in doubt - buy. When in doubt what - everything. As the chart below shows starting with the open of the US market, literally everything has been bought: stocks, bonds, crude, gold, and 'logically', the VIX. It took the market virtually no time to remember that when trillions in liquidity are being injected into the market courtesy of central planners, a downtick is verboten. Next up: waiting for WTI $110. Should take a few minutes at most.
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I said it here:
It's a Don't-think-about-it-just-buy type of market. It puts all smart, sophisticated, ZH-informed investors to shame.
Oh yeah? Looky:
http://www.zerohedge.com/news/warren-buffett-favors-wells-single-best-ba...
As I said, green all around. Even WTI will be green.
Ongoing party until either the Greek deal proves false or WTI finally crashes the economy.
Buy, buy, buy!
buy it ALLLLLLLLLLL
WHY? Wallow in mud now that VIX futures are out?
http://www.youtube.com/watch?v=NjvbA-Xebfg
Enjoy, JW Approved.. except the part where there is any money in the Market! LULZ!!
"We can't repel liquidity of this magnitude!" --Admiral Akbar
It's a trap!
Um, where is the inverse relation? Treasuries and stocks going up...
Something smells like rotten tomato.
You mean "t-o-m-a-t-o-e?"
Dan Quayle
money loosing value?!? ...dush
Pull out, pull out!! It's a trap!
...That's what she said...
Loaf of bread $17 here we come!
1 lb ham
1 lb butter
2 loaves bread
1 gal milk
1 gal oj
1 jug creamy peanut butter
1 tube toothpaste
1 bottle mouth wash
$54
@fuu
...being able to charge it on Master Card? Priceless.
Damn, makes me wish I had a Master Card!
You must be new.
Visa is the Varsity now.
Was the mouthwash because you were celebrating your first blow job?
It was for your mom.
Now THAT was priceless. Someone just got owned.
Would not be something you want to say to a old man though... Knock some teeth out ay?
OWNAGE!
LMFAO - on mark.
2 buck chuck at Trader Joe's (and you thought all those puppies and kittens were euthanized for nothing).
Bread can be found for free easily. Most super markets donate the aging inventory to local charities and churches. If it is one thing america has it is food.
Alcoholic Nativ...
Cant go dumpster diving in my city...........................they have cameras, and security to stop it.
Most super markets donate the aging inventory to local charities and churches
Again not in my city...............perfectly good food, is trashed, and you had best not try taking any out of dumpsters.........hell they wont even donate it to local animal shelters.
SO AFRAID they will miss a sale(why I do not know since anyone in that shape,cant afford to buy it anyway.
Not silver?
And the latest bullshit from uncle Warren : Banks are victims...
http://www.bloomberg.com/news/2012-02-27/buffett-says-banks-victimized-b...
http://www.youtube.com/watch?v=oAK5xzEYq7I
From the transcript:
"Today, I have this quite frightening piece of paper, which is my justification for bringing it into this meeting. It is available on the internet and I am astonished that it has not already been unearthed by the Treasury because every alarm bell in the land should be ringing if it has. It is from the general audit office of the Federal Reserve in Washington-the real Federal Reserve-and its audit review to the end of July 2010 on the Federal Reserve Bank of New York. It has on it some 20 banks listed to which $16.115 trillion is outstanding in loans."
http://www.publications.parliament.uk/pa/ld201212/ldhansrd/text/120216-0002.htm#12021643000172
As it was presented by Lord James of Blackheath, it appears he has evidence of NY Fed creating $15 trillion out of thin air, transferring the funds to London subsidiaries of primary dealers (stating in wire transfer paperwork that the funds belong to an Asian royal family), then the primary dealers use these funds to manipulate markets (prop up stock market and to buy UST).
And the media is completely tight-lipped about it.
that little rant by the Lord of Blackheath is just bizarre enough to make me wonder whether some of it might be true... so far almost no coverage by bloggers... goes without saying that the MSM won't touch it. And if the info is bs, that raises another interesting set of questions...
None of this would be surprising.
I've always wondered how the government could sell trillions in treasuries year after year and about the mechanical at 45 degrees mark-ups of the stock market.
shhhh...it's only money...between banks and governments they don't need to count it, only the little people do.
Lots of Federal Reserve Bond boxes from the beginning of the 20th century showing up at this point. Weird place to find this info but here it is.
http://divinecosmos.com/start-here/davids-blog/1023-financial-tyranny?st...
Check out this yahoo answers post from 2006: http://answers.yahoo.com/question/index?qid=20060915234111AAdOzlL
"I've looked everywhere i could think to on the internet! There are 40+ MORE of these boxes!"
Yo ho ho and a bottle rum on a dead man's chest...
to prevent quick hyperinflation you have to launder the new money first. i'm amazed people still prefer to think in "free market" terms
That's what happens when the Fed's system is jacked in. It's safe to own stocks now. The worst you can do is suffer some mild discounts due to inflation.
Bundestag just said YES with over 400 voters against 90!!! Good Luck!
SPX 1400 here we come: thanks Bundestag, thanks ECB, thanks Merkel, thanks Ben, we love ya.
Not so fast! The Germans are willing to increase their "contribution" but can't carry it all alone!!! No more G20 moola...and it's DONE! I think we'll see a decent "correction" before the BIG ONE is coming to a shelter near you :))!
This is a classic 'dog catches bus' scenario for Germany. No way they can possibly make any of this work for any meaningful amount of time from here.
80% of politicians in favor of it - 80% of citizens against.
Got to love zee politicians, eh?!
Woo Hoo!!! We're all going to be rich!!!
What? VIX chart looks inverted.
up on the day
What is up with the tvix?
WHY? Wallow in mud now that VIX futures are out?
http://www.youtube.com/watch?v=NjvbA-Xebfg
WHY? Wallow in mud now that VIX futures are out?
http://www.youtube.com/watch?v=NjvbA-Xebfg
Everything not nailed down being bought...except houses:
"Why does anyone need to save when you can simply take on a mortgage and forego the years of saving? Banks loved it because the mortgage volume churn was like having a money making machine. Of course much of this philosophy and mentality is what led into the bubble peaking with no-doc, no-job, no-money down mortgages."
"Today we examine the down payment debate closely and analyze why it is important to have a bigger down payment especially with government backed loans."
http://www.doctorhousingbubble.com/down-payment-boogeyman-down-payment-o...
It is my experience that most houses are nailed down.
Well, that's shocking. I thought all houses in your neighborhood were on wheels.
Max Fischer, Civis Mundi
PWNED
Aww, can't win with actual arguments, so you have to fling baseless insults?
Nice to see people devolve to second graders when they go up against me. It confirms the strength of my arguments.
C'mon, Tmos... That wasn't really an insult. It was just clever. Credit where credit is due.
Travis and T have a long standing "I know You are But what am I" thing.. going on..
I have threatened to turn the car around and take them home and ground them..
but boys will be boys!
all you can do is Love them for who they are and hope that they settle it before someone ends up missing an eye!
it is not like they cant find others to beat up who deserve it here!?!?!?!?!?!?!?!!??!?!?!?!??!!?!?!?? so instead they bang on each other, once again becuase they could not find others here who deserve it WAYYYYYYYYYYYYY MORE!?!???!?!?!?!!??!?!?!?!?! one more time! they cant find anyone here who deserves it better than Brothers Bound by Fight Club?? FUCKING SERIOUSLY???
ENOUGH ALREADY!
Pretty sure Trav and Max (aka RNR) are two seperate people. Max is to articulate to be Trav, though Trav could be a very clever "peak oil goon" character by RNR.
But given how long he has been around, I somehow doubt it.
Trav is a Peak Guy..
Trav is anti-waste or unsustainable lifestyle(ish)..
Trav likes to use the exact clinical word for everything.. and that gets in the way of him getting the idea across sometimes..
but he means well.
as for YOU! Mr. "T"!
you are not around enough.. and you are missed..
so when you do decide to show up..
how about ringing the bell of those more deserving?
its a free country and all.. but your voice could be used in better ways... IMHO!
God Love Ya! and God Bless Ya!
that was a horrible comment, and completely groundless. they are on cinderblocks, the wheels cost extra
hahahaahahahahahahahaahhahhah
Silly me ,I thought we where talking about him living out of a shopping cart.
oooo.. that smarts!!!
Watch out for the Canker family in the doublewide.
This looks like exactly what would happen if tomorrow's Case-Schiller were leaked and it was bad news.
That of course would be bullish.
Get out your fucking checkbook!
Nat gas can't rally
Nat gas ONLY commodity that trades supply/demand because of storage issues.
It will trade sub $2 by end of summer.
Good, 'cause house uses natty
Take a look at Anacott Steel. If I'm right about this one, eights and quarters won't matter.
Take it, and bid it.
causation, BiCheZ!
Transitory Causations.. Snuggle Bunnies!!
I see gold is being "managed" nicely.
Ps.....Fuck You's PPT.
Yes. Highest levels since 2008.
At this rate we can get out our WTI $150 hats.
#btmfd
I must be watching different markets today than the Tylers, 'cause from where I sit it's doing a whole lot of nothing.
DOW up 19 ... crude down $.65 ... gold unch ... silver up .19 ...
"Everything not nailed down is being bought" ... I really don't get that headline ...
Dow was -100+ at 9:45 am.
maybe its just me, but ever since the flash crash, hundred point intraday swings seem a little quaint.
and gold's move from down 4 to unch certainly doesn't seem to warrant the headline ... heck, we had a $30 gold day just last week.
Lessons from Iceland:
"However, there are two key lessons that the rest of us, and those two countries in particular[Ireleand and Greece], can learn from Iceland. To avoid having banks drag them into bankruptcy, governments should focus on saving depositors only - not other bank creditors. That's the lesson for Ireland."
From Matthew Partridge's article at Money Week. (and, No! I did NOT make that name up.)
*Clicks watch shut, places a foot on the board room table...
"Hudsucker??"
So its like this then?:
1. US taxpayers pay taxes to government
2. Government gives this money to TBTF banks
3. TBTF banks use this money to buy up everything in sight thus boosting the stock and commodities markets and becoming rich off of these trades
4. Taxpayers get their balls crushed by inflation
Gods Work isn’t easy..
but someone has to fly private and steal from the Sheepeople 24/7.
Think of the Poor Lobbyists and how they suffer.. $15k - $25k (a Plate) every morning breakfast(s). *$15k is more a Coffee Fund Raiser than Breakfast.
https://www.google.com/#hl=en&sclient=psy-ab&q=washington+dc+breakfast+fund+raisers&pbx=1&oq=washington+dc+breakfast+fund+raisers
About 3,330,000 results (0.28 seconds)
Early afternoon cocktail hour(s).. day in and day out.
https://www.google.com/#hl=en&gs_nf=1&tok=hCWFgHBWIay4FsPsskun6g&cp=26&gs_id=71&xhr=t&q=washington+dc+early+happy+hour
About 78,800,000 results (0.33 seconds)
It is a Horrible Job! and Thank God that Wall Street, "K" Street and the 3 Branches of Government are willing to put themselves thru these (and many more un-named) hardships..
Jack Abramoff: The lobbyist's playbook
http://www.youtube.com/watch?v=CHiicN0Kg10
Look at all these gifts! That our Government has to sort thru! You don’t want to take the first gift when a Better gift is just around the corner at a better Happy Hour!
Always thinking of the little people, always chasing the next over flowing tax trough!
So, you may have a few hundred extra million laying around.. and you may want to go into partnership with say… the coal industry?
So, just how much? Does it cost?? To Buy Washington DC???
I offer this as a reasonable place to start your quest for an accurate dollar amount!
http://www.time.com/time/covers/0,16641,20100712,00.html
It looks like $3.5 Billion in 2009.. or so says Time Magazine..
http://www.opensecrets.org/lobby/
Open Secrets looks the same(ish) numbers wise.. the only problem I have with these numbers.. are that I know over a Billion was spent on the Health Care push alone?
Total Lobbying Spending
1998
$1.44 Billion
1999
$1.44 Billion
2000
$1.56 Billion
2001
$1.65 Billion
2002
$1.82 Billion
2003
$2.04 Billion
2004
$2.18 Billion
2005
$2.42 Billion
2006
$2.62 Billion
2007
$2.85 Billion
2008
$3.30 Billion
2009
$3.50 Billion
2010
$3.51 Billion
2011
$3.30 Billion
http://www.opensecrets.org/lobby/issuesum.php?id=HCR&year=2009
it seems a little off to me, is all? but I am always wondering why the math doesn’t add up in my head, lately?
Back to the Meat and Potatoes! Of the thought that I was trying to communicate!
God Bless Wall Street, God Bless “K” Street and God Bless each and everyone one of those Lobby Whores living the Good Life in Washington DC!! All in the Name of Doing God’s Work!