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Futures Jump On Second Global Bailout Announcement On Lehman's Third Bankruptcy Anniversary

Tyler Durden's picture




 

Strawman-of-the-night: G7 OFFICIAL SAYS EUROPEAN GOVS WEIGHING TALF-LIKE PGM: CNBC

TALF was the Fed's backstopped loans for buying ABS (in order to improve the liquidity of the ABS markets which were apparently pricing in a fire-sale as opposed to a fundamentally terrible environment).

The ECB equivalent, we assume, will be ECB funded non-recourse loans provided to third parties enabling the purchase of Sovereign debt (which acts as collateral). If these guys can't agree on Euro-bonds, debt buybacks, or an EFSF extension, agreeing to an ECB taking all the risk and missing out on any upside seems highly intractable - but crazier things have happened.

 

More as we get it...

 

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Thu, 09/15/2011 - 17:32 | 1674907 vote_libertaria...
vote_libertarian_party's picture

...and tomorrow a loopdy loo quadruple witching options expiration day...

Thu, 09/15/2011 - 17:54 | 1675028 lolmao500
lolmao500's picture

You know what's important and making future rises? This :

http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100011987/ch...

China to 'liquidate' US Treasuries, not dollars

A key rate setter-for China's central bank let slip – or was it a slip? – that Beijing aims to run down its portfolio of US debt as soon as safely possible.

"The incremental parts of our of our foreign reserve holdings should be invested in physical assets," said Li Daokui at the World Economic Forum in the very rainy city of Dalian – former Port Arthur from Russian colonial days.

"We would like to buy stakes in Boeing, Intel, and Apple, and maybe we should invest in these types of companies in a proactive way."

"Once the US Treasury market stabilizes we can liquidate more of our holdings of Treasuries," he said.

To my knowledge, this is the first time that a top adviser to China's central bank has uttered the word "liquidate".

 

And it begins. China will buy everything they can. Apple, Intel, etc...

Very bullish... 

http://www.rediff.com/business/slide-show/slide-show-1-heres-what-china-...

Here's what China can buy with $3-trn forex

3)Instead of buying up debt, China can buy equity. Meaning, instead of putting most of its reserves into US government securities, China could instead go on a shopping spree in the corporate world.

It can gobble up Apple, Microsoft, IBM and Google for less than $1 trillion. By buying all the major corporations, it can dictate terms and prices to the world.

5)Rich love buying property, and nobody is richer than China -- at least in terms of the foreign exchange reserves it sits on. . so it can acquire hot property.

China can buy all of Manhattan, calculated The Economist. The island's taxable real estate is worth only $287 billion, according to the New York City government.

The properties of Washington, DC, are valued at just $232 billion. China can go from being America's banker to its landlord, The Economist said.

6)Three trillion dollars would buy about 88 per cent of 2011's global oil supply, says The Economist.

China can buy up all the oil, raise the prices and enjoy the profits.

7)It would take only $1.87 trillion (at 2009 prices) to buy all of the farmland (and farm buildings) in the United States.

If China acquires all the agriculture farms and farm buildings, it can easily control the world's food prices, as America is the biggest exporter of food products, according to The Economist

8)China could theoretically buy America's entire Department of Defence, which has assets worth only $1.9 trillion, according to its 2010 balance sheet, says The Economist.

Most of this amount would actually be able to buy all the land, buildings and investments made by the US Department of Defence. The entire armament -- guns, tanks and other military apapratus -- is valued at $413.7 billion, says The Economist.

Thu, 09/15/2011 - 18:12 | 1675090 Stax Edwards
Stax Edwards's picture

+1000 Phenomenal Find LOLMAO! (Your name makes me think this is a hoax)

Sidebar: While uber bullish for US equities, keep in mind this will be done in an orderly fashion or the shit will hit the fan in a Apocalyptic manner.

This if f'n nutso!  If true reclibrate all models and GET THE FUCK LONG BITCHEZ!

Anyone have confirmation of this type of talk from official sources?  I am not buying in to this just yet, but amazing stuff.  This is the stuff world wars are made of.

Thu, 09/15/2011 - 18:19 | 1675133 Spirit Of Truth
Spirit Of Truth's picture

So China is planning to buy into the stocks of companies they will be ruining by jerking up U.S. rates?

Thu, 09/15/2011 - 18:28 | 1675176 SwingForce
SwingForce's picture

China doesn't need sell their Treasurys- they are marginable 90% so I hear:

http://www.xtranormal.com/watch/12373724/q-a-w-larry

Thu, 09/15/2011 - 18:29 | 1675182 St. Deluise
St. Deluise's picture

Interest rates in the US are not determined by the UST market.

They are determined by the federal reserve, who can keep rates as low as the dollar's "strength" will allow.

Thu, 09/15/2011 - 18:30 | 1675188 DavidC
DavidC's picture

Yes, quite - and after a two and a half year ramp up of stock prices to the detriment of the economy as a whole.

I don't see that happening somehow. The Chinese are NOT stupid, they will wait and buy stocks when no-one else will touch them with a barge pole - and that WON'T occur at these levels.

DavidC

Thu, 09/15/2011 - 19:13 | 1675350 Cdad
Cdad's picture

What are you talking about?  The Chinese are the worst capital allocators on Earth.  I think it is entirely plausible that they would buy these stocks at their all time highs...or near to.  I don't know if this is true or not, but entirely plausible.  They rushed in to buy the Euro when everyone else pretty much figured out that it was an over priced currency.

The thing with the Chinese is...they uttterly lack imagination.  Why do you think the reverse engineer and copy everything?  Chinese investors would make the absolute best and LAST buyer of these equities.  And should the story be proven true, it would be the penultimate sell signal for everything they are buying.  And you can bet your last dollar that Wall Street would do just that, and give them the business.

Again...I am not saying this story is true...but plausible?  Entirely.

 

Thu, 09/15/2011 - 21:17 | 1675770 LarryDallas
LarryDallas's picture

100% agree. While the Chinese are very well positioned, I can't shake the idea that they will ultimately end up as the "1980s Japanese" of this era, buying high and being left holding the bag, ruining their strong position by not being patient or creative enough. You hit the nail on the head Cdad and don't forget their attempted MS investment back in 07. Surprised they're not looking at BAC now too...

Thu, 09/15/2011 - 23:11 | 1676043 DeadFred
DeadFred's picture

I'm not the brightest crayon in the box when it comes to the stock market but even I can see that it would be better to sell the treasuries first to tank the market, THEN buy the stock. I've been posting my fears here for some time that China might be planning a power grab and this would be such a simple way to do it. I'd start with Europe first and start selling their bonds, once the Bernank pulls QE3 out of the hat they can announce their disgust and start selling Treasuries. Who would blame them? Their disgust would be valid.

Fri, 09/16/2011 - 02:47 | 1676291 Religion Explained
Religion Explained's picture

The FED frontruns the chinese....

Thu, 09/15/2011 - 21:16 | 1675771 PivotalTrades
PivotalTrades's picture

If The US Gov wont allow ATT to buy one of their competitors do you think they will alow China to buy controlling interest in major US corporations?

Fri, 09/16/2011 - 00:28 | 1676134 sun tzu
sun tzu's picture

The Chinese bought $4 billion of Blackstone IPO at $30 which immediately plummetted into the teens

Thu, 09/15/2011 - 18:37 | 1675217 Chaffinch
Chaffinch's picture

If China is going to 'slowly' dump 3 trillion of US Treasuries then doesn't that imply that the Chairsatan is going to end up buying them? I'm not the best at working this stuff out, but, yes, that's gotta be bullish for equities, and bullish for the metals, because it means increasing money supply and increasing inflation - doesn't it?
And it seems to me that China is thinking that with an ever-sinking dollar it would be better of buying something more real. Mr Li says 'pro-active' and is talking about buying stakes in companies - which is more like buying the company rather than just buying a few shares here and there.

Thu, 09/15/2011 - 18:21 | 1675144 Zonker
Zonker's picture

and how will they get past foreign ownership issues not to mention US Security?  Not believing it even if it were possible.

Thu, 09/15/2011 - 18:26 | 1675163 lolmao500
lolmao500's picture

Front companies. Front individuals.

I mean you don't think that it's weird that so many chinese end up in Northern America and they've got money to buy lots of stuff? With the crappy salaries they earn in China, how is this possible? Me thinks China is funneling money to their citizens privately... then they come here and buy stuff...

Thu, 09/15/2011 - 18:44 | 1675252 Chaffinch
Chaffinch's picture

According to Bloomberg there are more than a million millionaires in China now.
And 393 with more than $100 million
http://www.bloomberg.com/news/2011-05-31/china-s-millionaires-jump-past-...

Thu, 09/15/2011 - 18:50 | 1675266 Zeilschip
Zeilschip's picture

Problem for the US is that China will only let the yuan appreciate against the dollar if they can buy real US assets. If these purchases/investments are blocked by the US it doesn't make sense for China to let go the peg.

Thu, 09/15/2011 - 23:18 | 1676055 DeadFred
DeadFred's picture

There are a lot of companies to buy outside of America. They wouldn't be allowed to buy much here so they buy up Europe first. All the European banks can be purchased for less than Apple, at least they can be once the Chinese start some serious selling.  At bankruptcy with a promise to recapitalize, sure they'd sell to the Chinese.

Thu, 09/15/2011 - 18:28 | 1675172 Chaffinch
Chaffinch's picture

Tyler - I think you should run this story from The Telegraph - it is dynamite!

Thu, 09/15/2011 - 18:49 | 1675264 iDealMeat
iDealMeat's picture

This kills QE3 no?  or..  is this QE3?

 

Thu, 09/15/2011 - 21:45 | 1675856 rocker
rocker's picture

We already got QE3.  No interest rate increases for two years. 

The financial swap lines will be a extension of QE3 for Germany on the backs of U.S. Taxpayers.

It's good we are not bailing out Americans. The French need more help than Americans.  Right.

Never forget. This is to bail out the bankers. Not the people.

Fri, 09/16/2011 - 06:29 | 1676403 tocointhephrase
tocointhephrase's picture

Plus the 5 helicoptor drops yesterday. Man we are drowning in $'s

Thu, 09/15/2011 - 18:51 | 1675269 Smiddywesson
Smiddywesson's picture

I don't mean to be disrespectful, but if China could snap its fingers and buy up whatever it wanted, why the f*** haven't they done so already?  The direction of this abortion has been painfully obvious for years.  China is playing a game with very high costs against the combined efforts of the Fed and the ECB.  These are the most powerful, inventive, and crooked forces in human history.  Good luck to the Chinese, it they corner the market in the USD, we will just move to a wampum standard.  The Chinese know this, and that is why they are shaking their spears and whining like teenage girls.  Bitches, they are going to get screwed.  

The China story depends upon an unsustainable system being sustained into infinity.  I laugh at that foolishness.

Thu, 09/15/2011 - 19:09 | 1675334 Chaffinch
Chaffinch's picture

I think you're reading this wrong Smiddy - I think the Chinese have been playing a long game very patiently stacking up a huge pile of dollars (similar to the US in the 1920s according to The Telegraph article link) and now they are thinking they will unload them and get something real instead. How many would they have to unload in one go to persuade Ben Bernanke to shift to The Wampum?
What choice do they have apart from using their T-Bills for scrap paper?

Thu, 09/15/2011 - 20:30 | 1675640 Smiddywesson
Smiddywesson's picture

Not saying you are wrong, I just think that the game changes as it progresses.  People who think we will have runaway deflation or hyperinflation, or the Japanese will take over the world in the 80s, don't recognize that the game changes.  We'll see.

And yes, the Chinese played a wonderful hand under the old system.  I'd be a fool to disagree with you on that point.

Thu, 09/15/2011 - 21:38 | 1675835 Chaffinch
Chaffinch's picture

Yep - the game changes, and I am probably daft to even begin to believe what Mr Li has chosen to say to a journalist in the UK, but surely they must be thinking of doing SOMETHING with that big stack of dollars.
(if you are reading this, Mr Li, why not buy all the Gold on Comex and the LBMA?)

Thu, 09/15/2011 - 20:53 | 1675710 IQ 145
IQ 145's picture

I wish they'd buy Hawaii; it couldn't possibly be run any worse than it is now.

Thu, 09/15/2011 - 21:40 | 1675842 mendigo
mendigo's picture

i suspect this is already underway, but in a more subtle fashion

one would think that china does not want to be holding so much in UST's or dollars. one would think they would be unloading them for physical assets or for just about anything else (commodities, equities) as fast as possible - thereby driving up the cost of all that stuff (in dollars). one would think they would do so by whatever means neccesary. they will have us gagging on our own shit.

Fri, 09/16/2011 - 00:53 | 1676166 DeadFred
DeadFred's picture

+1 Your report isn't getting much play but it has several mainsteam reports. After some thought it occurs to me this may be a shot across Bernanke's bow. Announce more QE next week and you are dead meat may be the message. Sorry if I'm duplicating what someone else has said, I haven't read everything yet

Thu, 09/15/2011 - 19:15 | 1675363 jdelano
jdelano's picture

If china wants to make a move to buy us equities then it would be in their interest to let Europe crash. Then, once our markets have plummeted in tandem they could scoop up apple at $90

Thu, 09/15/2011 - 19:48 | 1675461 Chaffinch
Chaffinch's picture

'If china wants to make a move to buy us equities then it would be in their interest to let Europe crash. Then, once our markets have plummeted in tandem they could scoop up apple at $90'
Yes - except that the longer they wait the less their Treasuries are worth. And if they are going to want a significant chunk of, say, Apple, they are probably going to have to pay quite a bit more than the quoted share price.
And whilst I agree that Europe will crash, there is no knowing how long that will take to happen. It should have happened already, but they keep delaying the inevitable.

Thu, 09/15/2011 - 17:33 | 1674913 rocker
rocker's picture

Your kidding right. WTF happened today. How long will the short covering tag last?

Thu, 09/15/2011 - 17:41 | 1674929 WSP
WSP's picture

As long as it takes to squeeze the shorts and jack the market higher.   Then, the let the market go down to draw in more short selling suckers, rinse, repeat.   The market will never reach fair value until every short seller has given up.  Right now the crime syndicate is using short sellers money to keep the markets moving up and this will not stop until every short seller is broke.   At that point the crime syndicate hopes we will be through the worst of it and the fiat ponzi scheme casino can once again stand on its own two feet----until then, short the market at your own peril (and the crime syndicates gain).  The crime syndicate has the techonology, tools, and information to destroy any and all who seek fair value and they will use it to their utmost advantage as they have since March 2009.

I love how whenever the market goes down the media always blames short sellers when the truth is short sellers are the only thing keeping this ponzi scheme going.  

Thu, 09/15/2011 - 17:47 | 1674982 Cdad
Cdad's picture

The market will never reach fair value until every short seller has given up.

Uh huh.  So when the market is falling, it will never reach fair value until every long has given up?

Sorry, but this is a flat out stupid comment.

Thu, 09/15/2011 - 17:56 | 1675034 St. Deluise
St. Deluise's picture

So when the market is falling, it will never reach fair value until every long has given up?

Yes, exactly.

Thu, 09/15/2011 - 18:00 | 1675054 banksterhater
banksterhater's picture

He is right. You are WRONG. The marketmakers know all the short interest, until the dumbass pathetic shorts finally CASH OUT , MOVE TO SIDELINES, they are shooting fish in a barrel with algos seeking short pivots. STOP playing into their hands. Then it will be a vacuum on a waterfall correction.

Thu, 09/15/2011 - 18:12 | 1675111 SheepDog-One
SheepDog-One's picture

I hope the shorts are getting their asses served up to them roast with an apple on top...piss off, shorts.

Thu, 09/15/2011 - 18:35 | 1675193 WSP
WSP's picture

One of these days short sellers will piss off, but you won't like the result, because that is when the market will free fall and the sheeple's monthly 401k contributions won't be enough to keep this ponzi scheme going.  Until that time, the market will indeed move higher, but not because of valuation or fundamentals but rather, the complex set of dynamics that got us to where we are.  It is just like the massive debt compounding----at some point it will end, but intelligent "investors" who read balance sheets and income statements, and thus, are inclined to short the market, are the ones getting reamed unfairly.  In other words, to be successful in our corrupt markets, you really have to be a dumb sheeple who doesn't understand accounting because those are the only fools who would buy into the fiat ponzi scheme casino.   Like all pyramid ponzi schemes, at some point it will end.  Then again, Bennie and the Inkjets may just keep printing and debasing, which will cause the market to move higher, albeit the value of your "winnings" will be debased with the currency and in the end you won't have as much as you started with in real inflation adjusted terms.  Of course, most sheeple will say I "doubled my money" in the market, even though the value of their currency has been debased by 90%.   This is exacly why the Federal Reserve and the corrupt crime syndicate get away with it----because the masses (the sheeple) do not understand basic finance and just blindly give the market their money so that it can "go up"!    In summary, the market is a game of musical chairs played largely by ignorant fools (the masses, the sheeple) via their 401k's and the crime syndicate is more than happy to "feed off" these contributions like parasites on a host.  At some point the host is going to die, and when that happens, regardless of politics, fair value will arrive and in real inflation adjusted terms it will be much lower.  Perhaps you should study the Zimbabwee markets which skyrocketed when they debased their currency.  In fact, you can own a trillion dollar Zimbabwee bill for $2 off ebay.   The fact that their market moved higher while their government was debasing the currency did not make it a good value---it was just the lesser of two evils.

Ever seen the movie "Idiocracy"  ---- that sums it up pretty nicely!

Thu, 09/15/2011 - 18:59 | 1675301 whstlblwr
whstlblwr's picture

You think there are stupid shorts left in the market after last two years? They burned off. All that's left is "smart money" LOL.

Thu, 09/15/2011 - 21:08 | 1675748 IQ 145
IQ 145's picture

I've seen the stupid shorts right here on this blog; and I begged them not to do it; doesn't do any good. You bet your ass there are stupid shorts in this market; thousands of them; but not for long.

Thu, 09/15/2011 - 18:21 | 1675143 WSP
WSP's picture

I think not.  Think about it.   We all know the market is grossly overvalued, and we also know that the main horsepower being used to gun the market higher is short sellers (having to purchase back shares they shorted in the hopes the market would go down). 

The crime syndicate is using the same concepts that individual companies have used for many years.   When short interest in a stock goes way up, companies will strategically release good news forcing the short sellers to "cover" their short bets --- purchasing shares in the open market.  The crime syndicate (Fed and their criminal banking oligarch) is using this same strategy individual company’s use on a market wide basis since so many people are trying to short.  When you short a stock, you "borrow" the shares----unless you think the market is going to 0, at some point you have to cover (or buy back the shares).  When too many short sellers are squeezed at the same time and buy the shares they sold short, it causes prices to go higher.  Add into the mix the corrupt algo's and you get what you are seeing now---a ramp in stock prices for no fundamental reason---just scared short sellers who cannot take the pain of losing unlimited capital when the market goes higher for no fundamental reason (other than the corrupt banking cabal squeezing the short sellers a$$es via their algos).

If you don't understand that, I am sorry, perhaps someone can explain it better for you.

With that said, you also stated "when the market is falling, it will never reach fair value until every long has given up".  Yes that is also true----we have a society of brainwashed sheeple that do not understand what they are buying when they go long a fiat Ponzi scheme “stock”.   Most public corporations fair value is dramatically lower than the market price.  Between accounting fraud and money printing (via stock options by executives), fair value is much, much lower, but because of market dynamics (not true free market valuation), stocks are grossly overvalued.   One of the reason for this was the introduction of retirement savings plans in the 1980s----go back and look at a chart of the S&P and watch the parabolic rise once the sheeple started blinding giving the crime syndicate their money each month.   The crime syndicate has taken advantage of this and uses any and all mechanisms to manipulate the markets higher including strategic short squeezes.  Sure, this has gone on for many years, but has been greatly exacerbated in recent years by algos, fascist government collusion, and the fact that finance now comprises 25% of our economy.  Add to this all these criminal fund managers whose livelihood depends on the markets going up, and regardless of fundamental valuation, the markets moves higher.  Short sellers make the matter worse because when they analyze companies and recognize that they are 90% overvalued, their natural tendency is to borrow shares to sell short.  The crime syndicate then uses this dynamic to move prices higher to force these short sellers to capitulate and buy back their borrowed shares at undesirable (higher) prices.

At the end of the day, this becomes a huge topic, but rest assured what I said not only makes sense but is exactly one of the dynamics at work.  Again, I am sorry you don't understand it and I also apologize that I am not willing to spend the time to fully explain it, so ridicule and ignore it as you wish----it doesn’t make what I said any less true and most people who frequent ZH completely understand what I am talking about.

 

 

Thu, 09/15/2011 - 20:59 | 1675722 Bicycle Repairman
Bicycle Repairman's picture

If you don't understand what WSP is saying, try shorting for a while.  Then you will.

Fri, 09/16/2011 - 00:33 | 1676139 J 457
J 457's picture

Well said, but there are always exceptions.  Case in point, whoever was short RIMM did quite well today, and there are others who have shorted and made money.  As unpredicatable as the market has now become, long or short has become a risky proposition. 

Thu, 09/15/2011 - 21:05 | 1675739 IQ 145
IQ 145's picture

It's an internet blog.

Thu, 09/15/2011 - 17:48 | 1674989 topcallingtroll
topcallingtroll's picture

Excellent point.

Bankrupt all the nonbelievers who try to short?
Hope that automatic 401 k deductions carry the day?

Thu, 09/15/2011 - 17:50 | 1675000 Zonker
Zonker's picture

Here's a solution for you - Cover your shorts and go long!  It's called trading and what the market has been doing for hundreds of years.  You think all this is new?  No difference between the 1920s and today except everything is posted in Blogs.

Thu, 09/15/2011 - 18:46 | 1675257 WSP
WSP's picture

Sir, there is a HUGE difference between the 1920's and today.  Enough said!

Thu, 09/15/2011 - 21:10 | 1675752 IQ 145
IQ 145's picture

You're wrong and he's right. and nothing you said above makes any sense at all. get a book out of the library on the subject of markets.

Thu, 09/15/2011 - 21:14 | 1675764 IQ 145
IQ 145's picture

What I said; over and over, and over again. Does no good. They read a negative article in the blog, so they have to rush out and short the stock, the market, whatever. Chart, what chart? What's a chart? You don't short things when they're down on their recent, tested and re-tested lows and rallying. Unless, of course, you're a member of the public. But really, would it be so terrible to make a few bucks for a change? Try it you might like it. Hint; the market is rallying. It doesn't matter why; and you don't have to like it.

Thu, 09/15/2011 - 22:04 | 1675902 gjp
gjp's picture

That trading attitude - like it is all just a game, seen it all before - is worth the junk alone.  You have seen constant enormous trade deficits at 10% of GDP from the global hegemon before?  You have seen non-productive 'overhead' sectors like finance, law and public administration come to represent more than a third of the developed world economy?  You have seen outright monetization of public debt in the world's reserve currency with a government that will never plausibly see a surplus again?

I wish I could add an extra junk for your handle.

Thu, 09/15/2011 - 17:54 | 1675027 jdelano
jdelano's picture

Lots of bull plants springing up round here. Short with resolve, keep your jaws locked on the bulls throat until he suffocates to death.

Fri, 09/16/2011 - 01:41 | 1676216 DeadFred
DeadFred's picture

I have to agree. Lots of cash and a limited short position seems pretty good to me right now. Kind of sucks when you didn't short at the very top but the question remains do you still believe the market will go lower than when you shorted? Keep the position. If you have the cash to back it up you can't be forced to cover. But what do I know, it's not like I have an IQ of 145 ... oh yeah I do. LOL Idiot trolls.

Fri, 09/16/2011 - 04:52 | 1676364 Chaffinch
Chaffinch's picture

My guess a lot higher than 145 to dance (not to mention sing) as well as you do Fred!

Thu, 09/15/2011 - 17:39 | 1674942 Id fight Gandhi
Id fight Gandhi's picture

Short covering is a bunch of bullshit at this point.

Just computers gaming the system

Thu, 09/15/2011 - 17:43 | 1674960 Stax Edwards
Stax Edwards's picture

It isn't all short covering.  Bottom is in.  CB's got your back.  Get Long.

Thu, 09/15/2011 - 18:33 | 1675209 DavidC
DavidC's picture

What, so March 2009 wasn't?

Idiot.

DavidC

Thu, 09/15/2011 - 18:07 | 1675085 SheepDog-One
SheepDog-One's picture

Yea really, 650 DOW points since MONDAY? On short covering?? So was the market about 99% short? Total BS...and I believe if anyone had a bunch of shorts in there it was the FED itself with YOUR money.

Thu, 09/15/2011 - 18:14 | 1675101 Hansel
Hansel's picture

Dividend paying stocks look better than treasuries to me.  A 2% 10-year, GMAFB.

Thu, 09/15/2011 - 21:18 | 1675778 IQ 145
IQ 145's picture

TNX just raised their dividend today and it hasn't fully priced in yet. Check it out; it''s a major technology company that's not going to flame out and between now and Christmas it could pay out 10% in stock price gains and dividend. The dividend is similar to the Bond but the Stock will be going up for awhile, the Bond won't. You do have to sell at some point ! When it gets "higher", and so forth.

Thu, 09/15/2011 - 17:33 | 1674914 ZeroPower
ZeroPower's picture

We also saw credit trade in-line with equities today.. could be hard for the bears the next few days if everything is being thrown at this non-solveable Greek problem.

Thu, 09/15/2011 - 21:21 | 1675787 IQ 145
IQ 145's picture

Ah Candian womens ! How are you.? The Bears are dead meat. This thing is engineered; it's got tool marks all over it; the markets going up and it doesn't matter if God doesn't like it.

Fri, 09/16/2011 - 01:46 | 1676229 DeadFred
DeadFred's picture

I hope you remember that challenge. He will.

Thu, 09/15/2011 - 17:33 | 1674915 spiral_eyes
spiral_eyes's picture

This is all bullshit. None of it will be a panacea to the underlying and systemic problems that will eventually collapse the international financial system.

Europe has a choice — integration, or fracture. Doing nothing will just lead down the road to fracture.

http://azizonomics.com/2011/09/14/is-leverage-the-problem-again/ 

Thu, 09/15/2011 - 17:45 | 1674972 drivenZ
drivenZ's picture

well it looks like theyr're going for integration...And at this pace theyr're going to get it whether they like it or not. When the shitstorm comes everybody's going to have a house full of shit. They're going to need a larger shit insurance policy(EFSF) not underwritten by themselves and quick.  

Thu, 09/15/2011 - 17:48 | 1674987 WSP
WSP's picture

The problems we face are not too big for our Benny and the inkjets.  The only thing we have to fear is running out of paper and ink---short of that, is up, up, and away.  Of course, everything we buy will rise accordingly, but the sheeple only care about the major indices-----the cost of everything we buy going up has nothing to do with that in their world---that's inflation, which is another economic problem that has nothing to do with money printing as far as the sheeple who cannot even balance their own checkbook are concerned.   

The root cause of our problem is ignorance and apathy on the part of the public.   The sheeple do not understand money printing, they do not understand inflation, and they certainly do not know how to balance their own checkbook.  In the end, this provides Bennie and the Inkjets a free pass to loot and steal the nation's wealth ad infinitum.   All of you out there who keep thinking this fiat ponzi scheme house of cards will collapse do not understand the forces at work.   In the end, a small group of people will make decisions based on their collective self-interest, all while the sheeple wallow in their ignorance, apathy, and "sports center".

The old saying "don't fight the fed", while sad, is as true as ever.  The only thing short sellers do is make the job of the crime syndicate eaiser.  When we have massive short selling like we did the past several weeks, it only provides more wealth for the crime syndicate to loot. 

Thu, 09/15/2011 - 17:49 | 1674997 Stax Edwards
Stax Edwards's picture

Oh SE, just STFU and get long.  The "high powered money" has sat on the sidelines long enough and the CB's aint going there. BTFD bitchez...

Thu, 09/15/2011 - 17:55 | 1675030 Cdad
Cdad's picture

Don't you mean BTFRamp?  Brilliant!

Thu, 09/15/2011 - 18:19 | 1675135 Stax Edwards
Stax Edwards's picture

With the rumor mill swirling in absolutely EPIC fashion, your call seems a bit more accurate, may be a long wait for dips.  Been scaling into positions this week smiling all the way up, but GD, the come may be as quick as the take was.  Fingers crossed, locked and loaded.  If any of this shit rings true this could be violent.

Names shall now be floated for this potentially epic Friday.  Maybe TD will award the winner some preferred from the coming IPO, lol!

Thu, 09/15/2011 - 18:40 | 1675231 spiral_eyes
spiral_eyes's picture

In 2008 I didn't BTFD in stocks. I did in gold.

And I'm happy with my decision — fiat profits are just fiat profits — they're eroded by inkjet.

This time, I'm not even sure the ramp will work. They've already gone all-out with the "policy instruments". They already transferred a huge amount of risk from the PDs and banks to the sovereigns. 

Crash, bitchez.

Thu, 09/15/2011 - 21:28 | 1675807 IQ 145
IQ 145's picture

Too bad this isn't 2008; you could be right all over again. The ramp will work. It is working. What part of it do you suspect is not working. Look at the goddaam charts .  I just managed to lose $6,025 overnight on the big metals blow out. All the significant support has been taken out; Hong Kong is open and the metals still look like shit; somethings rotten in Denmark. Wait a while before you go shopping for metals, next week might be amazing.

Fri, 09/16/2011 - 00:55 | 1676168 sun tzu
sun tzu's picture

Market still down 40% in real terms since 2008

Only gamblers should go to the casino

Fri, 09/16/2011 - 07:09 | 1676424 Ricky Bobby
Ricky Bobby's picture

Your right this is not 2008 it is 1932.

Thu, 09/15/2011 - 17:38 | 1674940 Xibalba
Xibalba's picture

Every week it's the same thing...Thursday puts get wiped, Friday calls get flushed.....ponzichitmang

Thu, 09/15/2011 - 17:52 | 1675011 WSP
WSP's picture

Yes, yet the players keep rolling up to the table and placing their bets.   That, at the end of the day, IS THE PROBLEM and not likely to be resolved.  Most people know the game is rigged, yet they keep playing and the crime syndicate is more than happy to oblige.   For that reason alone nothing will change.

Thu, 09/15/2011 - 18:09 | 1675093 SheepDog-One
SheepDog-One's picture

I dont think anyone is going long and short except the FED itself.

Thu, 09/15/2011 - 17:40 | 1674947 topcallingtroll
topcallingtroll's picture

It is now time to go long. I will at the open. Gonna get back into EWZ and SPY

They are about to "solve" the greek problem for the next quarter and everybody in europe is going to hold hands and sing We Are The World.

Go long at the open boys. The Troll hath spoken

Thu, 09/15/2011 - 17:52 | 1675012 Market Efficien...
Market Efficiency Romantic's picture

Unfortunately not in Germany. If it comes to that, there will even be provisional orders not to indirectly promise people's wealth or even productivity, if not directly allowed to do so. People realize that the government collectively with the political elite sells them and not even a consitutional court comes to their rescue as they are shitting in their pants to become the scapegoat of EUR burning up in flames.

How ignorant, the people wont allow you to issue eurobonds, well then we use the rescue fund to hide the direct consequences, oh they even realize that, well then, we use ECB, they are independent, we cannot tell them what to do, but we are liable, WTF. Liability without influence sounds pretty unconsitutional in any country to me!!

Thu, 09/15/2011 - 18:01 | 1675056 Panafrican Funk...
Panafrican Funktron Robot's picture

"unconsitutional"

 

LOL.  When has that ever mattered?

Thu, 09/15/2011 - 17:59 | 1675049 Panafrican Funk...
Panafrican Funktron Robot's picture

SPY will be 140 by December 30.  Will probably ride the FAS though, that fucker is going to 30.

Thu, 09/15/2011 - 21:31 | 1675819 IQ 145
IQ 145's picture

Where were you 6000 dollars ago when the S&P500 bottomed out? Nevertheless , you got the right idea. I have no idea what EWZ is , I don't do alphabet soup; but I think SPY has something to do with the S&P500; so that should work.

Thu, 09/15/2011 - 17:42 | 1674954 Augustus
Augustus's picture

Quite a difference when the Toxic Debt is debt from the countries offering the financing. 

Their loan junk is no good so they will loan you money to buy it.

How much more circular can it get?

Thu, 09/15/2011 - 18:04 | 1675077 Founders Keeper
Founders Keeper's picture

Hi Augustus.

Semantics.  It's all just money printing wrapped up in obscure non-threatening language.   Another example: QE.  Sounds harmless enough to the average person.

Oh, bankers have endless ways of hiding their crimes.  Bankers fear "the average person" almost as much as they fear PMs. 

 

 

Thu, 09/15/2011 - 17:44 | 1674963 MFL8240
MFL8240's picture

More lipstick on the pig.

Thu, 09/15/2011 - 17:53 | 1675021 topcallingtroll
topcallingtroll's picture

Until the lipstick starts wearing off it is safe to go long. The troll hath spoken.

Thu, 09/15/2011 - 17:45 | 1674971 Robslob
Robslob's picture

Great Depression Myths - Deja vu

www.youtube.com/watch?v=7QLoeehMw0w&feature=pyv

Thu, 09/15/2011 - 17:46 | 1674975 Sequitur
Sequitur's picture

Gold will implode.

Thu, 09/15/2011 - 17:52 | 1675016 X.inf.capt
X.inf.capt's picture

yep, that why i took every piece of scrap gold i could find in the house to the coin dealer, and got dimes withit, before i did my voluteer gig today.

Thu, 09/15/2011 - 17:47 | 1674978 Hephasteus
Hephasteus's picture

Poor tyler. He tried to be positve on facebook last week.

http://failbook.failblog.org/2011/09/12/funny-facebook-fails-as-long-as-...

Thu, 09/15/2011 - 17:47 | 1674983 LeonardoFibonacci
LeonardoFibonacci's picture

Run pension funds! Run for your lives!  Pension funds remind me of junk food & they would probably respond by saying, " I can't run, I am full of hamburger!"  They are indeed the next target of the puppet masters........

Thu, 09/15/2011 - 17:54 | 1675029 WSP
WSP's picture

Indeed they are.  The pension funds have had it pretty good----looting and skimming the ignorant sheeple's savings for decades.  Up until now the crime syndicate had bigger fish to fry, but greed knows no bounds, and with more technology comes more looting, and you can be sure that between greedy states and the corrupt crime syndicate very little will be left for those that contribute to these massive ponzi scheme frauds we call "pension funds".   They should be called "pillaging funds"!

Thu, 09/15/2011 - 17:52 | 1675010 chump666
chump666's picture

market is overbought. fixing longs now would be pointless, you missed the rally 4days ago.

the EU bank bailouts have already been priced in, next to be priced is social/political turmoil....on the downside

Thu, 09/15/2011 - 17:58 | 1675047 WSP
WSP's picture

While I don't disagree with you, I will add that the rally will be over when the crime syndicate says its over---not a day before.  It all depends on short interest----as long as there are more gamblers ponying up to the table willing to sell short, the more they will squeeze.  Once there is no more shorts to squeeze, they will let the market start moving down since fair value is way below where we are, and once again the short sellers will say "finally, the free market is working" only to be squeezed again.   In the end, the crime syndicate will only use their money to prop up the market when necessary, for everything else, there are short sellers.  Short sellers are the "smart money" and generally know how to read balance sheets and income statements.  As a result, they short the market.  What they don't understand is that this is the crime syndicates greatest strength and they use the short sellers money against them to jack the market and they will continue to do so as long as there are short sellers willing to place their bets.

Thu, 09/15/2011 - 18:24 | 1675154 candyman
candyman's picture

OK let me get this right, so during this melt up on steadily declining volume, and the algos reading their 111000111000 computer language, these computers are  now able to feeeeelllll the pressure they are putting on these "smart money" short sellers. Brilliant, the "crime syndicate" algo computers can now "understand!" thats some fucking remarkable technology.

Thu, 09/15/2011 - 18:40 | 1675229 WSP
WSP's picture

Absolutely----you would be amazed at the technology the crime syndicate posseses to rig the markets---absolutely amazed.  The algo's know when the most opportune times are to squeeze the shorts and they also are programmed to do maximum damage to the upside.  Don't believe it if you want---at some point you will find out what I am saying is true---whether that is tommorrow or 20 years from now---it all eventually comes out---well, most of it!

Thu, 09/15/2011 - 19:11 | 1675342 rocker
rocker's picture

Sounds right WSP.  It has been all bad news for four days. This morning was terrible.

Looks like a hurricane of good news flooding the markets.

Spending was up because crap cost more.  Bullish

European and French Banks Lying.  More Bullish

Jobs in Amerca Sucked Again.  Strongly Bullish

Americans in Povety.  Terrifically Bullish

Market Opened.  Just Fucking Bullish

Fri, 09/16/2011 - 02:14 | 1676262 DeadFred
DeadFred's picture

You forgot that the Chinese just told the Bernank that if he does more QE they're dumping their treasuries. Ultimately Bullish

The market is at the top of the range. Robots don't violate Bollinger bands and there hasn't been enough oomph in this ramp to expand the bands. 1% up is the max tomorrow then it keels over. Idiot trolls can call me on it if they like but the stupid algos do what they're programed to do and they have ALWAYS feared the Bollinger bands.

Thu, 09/15/2011 - 19:35 | 1675428 candyman
candyman's picture

Help me understand this concept...the humans behind their keyboards continually edit/alter/rewrite their algos live as the market moves so they can make their calls at the "Most opportune times" but you say they are "programmed to do maximum damage". This is really getting fucking remarkable now. Didn't know thats how it works. Thanks!

Thu, 09/15/2011 - 21:05 | 1675740 Bicycle Repairman
Bicycle Repairman's picture

Sounds right to me.  If TPTB dislike gold, they detest shorts.

Thu, 09/15/2011 - 18:33 | 1675205 chump666
chump666's picture

they will sell on the fact...ZH is right it was to sqeeze the shorts.  the global ecomomy is so crap there will be no bull market.  gold should be bid Asia  trading.

Thu, 09/15/2011 - 20:16 | 1675583 chump666
chump666's picture

Asia is looking muted again for the 4th session, so I dunno, you got the crazies at the Fed on the 20-21 Sept.  Has op twist been priced in already?  QE3 with extended M2 supply overkill?   I think the rallies are capped, so a short posistion/s could be tasty.  Maybe, maybe somthing will implode in EZ in the next 48hrs.  A protest, somthing...

Thu, 09/15/2011 - 18:11 | 1675106 SheepDog-One
SheepDog-One's picture

650 DOW points since Monday mornings Rule 48 open? And people say you should go long? Total lunatics, you people make degenerates at Gamblers Annonymous look common sense.

Thu, 09/15/2011 - 17:56 | 1675038 Cliff Claven Cheers
Cliff Claven Cheers's picture

Anybody read "AfterShock 2nd edition"?  Any feedback would be appreciated.

Thu, 09/15/2011 - 18:01 | 1675060 jdelano
jdelano's picture

But wait--now everyone agrees that the can wil be successfully kicked, the clouds have parted, and it's time to go long, so--I double puts at open.

Thu, 09/15/2011 - 18:02 | 1675064 LookingWithAmazement
LookingWithAmazement's picture

GREECE WILL BE SAVED, NOT GO BANKRUPT. Anyone who can read German (or put it in google translate), will find that new tranches out of Berlin will be underway soon. Infinitely.

http://www.spiegel.de/wirtschaft/0,1518,786233-4,00.html

I've said many times before: no Armageddon! Boring world we live in!

Thu, 09/15/2011 - 18:05 | 1675078 Cliff Claven Cheers
Cliff Claven Cheers's picture

I am starting to agree with you I think.  All this intervention is making a mockery of the free markets.  Oh well just one more freedom gone.

Thu, 09/15/2011 - 18:12 | 1675110 depression
depression's picture

"free markets" ... now that's funny !

Thu, 09/15/2011 - 18:09 | 1675096 jdelano
jdelano's picture

If you really believe that, why do you spend so much time here trying to enlighten us? Altruistic impulse? Are you like, some kind of missionary from the church of Obama?

Thu, 09/15/2011 - 18:40 | 1675232 LookingWithAmazement
LookingWithAmazement's picture

Many doomers here who need education indeed.

Thu, 09/15/2011 - 18:28 | 1675168 taraxias
taraxias's picture

@LookingwithAmazement

 

You shouldn't be posting on here, you have a John waiting....PMSL

Thu, 09/15/2011 - 18:12 | 1675072 Cdad
Cdad's picture

Okay...so let's get things straight.  

Yesterday, we rallied hard because Merkel had a conference call with Paps.  The call was a big hug for Greece and the promise that it won't be kicked out of the Union, even as Greece prepares When Issued Drachmas.  

Today, we rallied because the Fed is preparing to pour money into European banks just as they are about to start losing their asses on bonds, and to stem the pressure of a continent wide bank run...which began about two weeks ago.

And tomorrow we are going to rally because...Europe is going to create a fund to bail EVERYONE out...one that quite literally cannot be created without continent wide agreements...and because Timmay is coming. 

Do I have all that right then?  What's the Greek one year yielding now?

[Must be options expriy week]

Thu, 09/15/2011 - 18:15 | 1675118 SheepDog-One
SheepDog-One's picture

Since Monday mornings deep in the red Rule 48 open, theyve tacked on 650 DOW points....and people are suddenly back to believing its 'longs' and 'shorts' in the market driving things? Nonsense. Just the FED flipping to itself.

Thu, 09/15/2011 - 18:21 | 1675141 mynhair
mynhair's picture

Tomorrow we rally cuz The Whole World is doubling down.  Looks like even Nippon is in.

 

Thu, 09/15/2011 - 18:25 | 1675157 Cdad
Cdad's picture

We are rallying in a vapor market so that criminal syndicate Wall Street options junkies can print money on upside calls.  It is nothing more than this.

Again, what is the Greek one year yielding now?

Thu, 09/15/2011 - 18:10 | 1675100 depression
depression's picture

We will simply TALF all the Greek debt. Next problem.

Thu, 09/15/2011 - 18:31 | 1675194 taraxias
taraxias's picture

Okay, I'll bite......next problem......hmmmm......how about $100 for a loaf of bread?

What do I win?

Thu, 09/15/2011 - 18:15 | 1675121 sabra1
sabra1's picture

listen people! they've got one HFT always shorting, and one always going long! there's no volume, this makes 100% cents! pun intended!

Thu, 09/15/2011 - 18:16 | 1675124 nestle
nestle's picture

When is Kadarshian's butt going to leave that trading desk!!!???

Thu, 09/15/2011 - 18:26 | 1675159 chump666
chump666's picture

hahahaha

Thu, 09/15/2011 - 18:31 | 1675166 Frankie Carbone
Frankie Carbone's picture

Wow. All of the bears on ZeroHedge, and there are a LOT of them, seem to be completely demoralized right now. 

Excellent. That's precisely why I bought so many FAZ, TZA, and SDS calls today. 

Guys. Think. Think, think think!

What happens to markets when shorts throw in the towel? 

I am aware of the crime syndicate and know well of its powers. But I do not think that they are entirely responsible for this. I think this is a run of the mill short squeeze. For the record, I hold a shitload of puts right now and have ZERO intention of being shaken out of my hand. 

I buy the ramp up and sell the ramp down. To me this is a buying opportunity. Let me end with this: Aside from the "powers that be" theory, exactly what the fuck macro fundamentals are there to drive this rally? 

Name one. I double dog dare you. 

Huh? 

Thought so. 

Tomorrow, if we paint another white candle I'll drop another few thousand on more bearish positions. 

I did this 6 weeks ago and it worked quite well. Figure I'd try it again. 

 

Thu, 09/15/2011 - 18:55 | 1675279 Stax Edwards
Stax Edwards's picture

Well, how about this

- Underwater homeowners in US gonna get the opty to buy cheaper than renting

- Corporate profits are up, cash is stacked to the rafters due to uncertainty

- PE ratios are below historical average

- Most importantly, CBs have stated unequivocally they aint gonna let the bitch go down.

You cannot print, they can.  Short all you want but the bottom is in.  They make the choices in this world.  They have spoken.  Get Long.

Thu, 09/15/2011 - 19:24 | 1675387 Cdad
Cdad's picture

PE ratios are below historical average...cash is stacked to the rafters

I knew it would not take you long.  You are plastering this page with "short squeeze"...and then you show your lack of conviction and fall back on "historically cheap valuations"  and "cash on the sidelines."

On valuations...complete lie and the favorite cliche of criminal syndicate Wall Street bankers.  Due to the obvious economic deterioration world freakin' wide, analysts are reducing earnings expectations and PEs are about to contract.

As for cash on the sidelines...it has been there for three years.  Why do you think it is on the sidelines?

Way to reveal yourself, short bus. 

Thu, 09/15/2011 - 21:10 | 1675754 Stax Edwards
Stax Edwards's picture

I have said before and will say again if you did not make money in stocks post crash you are deaf, dumb, blind, and stupid.  My nut has been on the sidelines since may/june and is being scaled in as I have said for the past week.  If TD brought back the ability to track comments you will see I don't talk trash, I disclose when I am moving into positions I am confident of.  You would also see that I have been on the right side of the trade every time I disclosed.  My record speaks for itself.  Bring back comment tracking TD and put this matter to rest.

BTW, I am no short timer, I followed this blog since the beginning.  I stopped posting for so long as it all became a backslapping contest among misfits for a long while.  Back when Project Mayhem, Cheeky Bastard, Gordon Gekko, Rusty Shortys et al used to post.  I created a new login cuz I forgot the creds.  Anyway, I don't hold a grudge but you you have revealed yourself if you think all the cash has been on the sidelines for three years, because you missed the rally of a lifetime.  I made a fortune, any fool should have.  Whats your excuse?

Thu, 09/15/2011 - 21:31 | 1675820 jdelano
jdelano's picture

Judging by your boast count I'm guessing the fortunes you've made are a bit overstated. Even if you're 100% right, however, I for one don't have any desire to make money going long in this market. I (bracing for screed) want to see this farce of a "market" collapse right here, right now, to preempt the magnified to the power of qe9000000 suffering that will occur if it is allowed to continue distorting reality beyond the point of salvage. The pain is going to come. The more we ignore and mask the cancer with bandaids and hopiates, the more likely it is to be terminal.

Thu, 09/15/2011 - 21:46 | 1675863 Cdad
Cdad's picture

I have been on the right side of the trade every time I disclosed.

Sure you have...every time you have disclosed.  Definitely.  Obviously 100%.  

Why if I did not know better, I'd suspect you were an actual criminal syndicate Wall Street banker...what with all that "self esteem."

Thu, 09/15/2011 - 18:56 | 1675283 jdelano
jdelano's picture

I'm with you carbone-- not letting go of my puts for anything. Liquidity measures taken today were like a damn billboard posted in times square: " hey sheeple, we're gearing up to let Greece default!". Not to piss you zher's off but I considered all of you my comrades in arms and you're all turning into pussies. Tylers struggling to keep the faith too it seems which I think is part of the problem. Come on men(and women) once more into the fray!". ( or something like that.)

Thu, 09/15/2011 - 19:52 | 1675473 Cdad
Cdad's picture

I'm not sure who you are reading to come to your conclusion that everyone on ZH is going pussie.  Most of these fellows simply hold physical gold, and despite the dip that may be coming there, I assure you these guys will not be running to a pawn shop to panic sell.

You seem to be taking your cue from certain short timers running wild with "short squeeze" when really all we are seeing, in my opinion, is typical computer price fixing to profit from options x.

I assure you, there is very vicious selling to come.  If you have been following the discussion on the BlowHorn [CNBC] after hours,it has been explained once again [and again and again and again] that all of these supposed Euro measures being rumored are either not constitutionally possible...or the are limited to addressing liquidity...and not insolvency.

The absolute debauching of the US equity market continues...but not for long.  And anyway, if Greece and Europe were truly fixed again, you would think dunderheads in the US would be bracing for Euro captial to exit the US and rush into Euro stocks...but like all bullshit generated by Wall Street and DC...the story is always short on truth, details, logic, law, integrity, common sense...and anything at all real.

If you are getting confused about what is going on, just check the interest rate on the one year Greek bond...and suddenly you'll remember where you are.

Thu, 09/15/2011 - 20:18 | 1675589 jdelano
jdelano's picture

Forgive me--knew I'd draw some criticism for that one, should have said "many" instead of "all". And just trying to rally the troops as there does seem to be a fair amount of bear capitulation going on here. As to me being confused, well that's the only thing I find confusing about your riposte. Pretty sure I said that today's action is strong evidence that e impending collapse is drawing near. Also, easy on the didactic tone, it's irritating--see, don't you find that comment irritating?

Thu, 09/15/2011 - 21:57 | 1675892 lano1106
lano1106's picture

I used to have the same opinion regarding the Greece problem but as I see the drama unfold, the problems get resolved 1 by 1 like by magic

Even if all odds seems against that, I would not be surprise that it receives its next bailout tranche by a last minute miracle which would solve the problem for a couple of months

 

Thu, 09/15/2011 - 19:01 | 1675307 WSP
WSP's picture

"exactly what the fuck macro fundamentals are there to drive this rally? "

The same "negative" fundamentals that have been at work since the S&P was at 666.   The entire ramp job from 666 to today has been manufactured and there is not one single fundamental valuation metric to explain it other than corruption.   While I understand and empathize with what you are saying, the markets have not traded on fundamentals for a long time.  Sure, you can trade the overbought and oversold, but overtime, only a few people do that really well.  If you are one of them, congratulations, but regardless, we DO NOT have a free market that trades on fundamentals, so you are right that the market should not go higher---but it has---for three years on bad news!

Some people put their money into the market because they do not have a choice (401K),  some do it because they are ignorant sheeple who buy into the propaganda spewed out of the New York media that has a vested interest in the market going higher----VERY FEW put their money in long because they have analyzed the market and find it attractive.   Yes, there are some that are buying the market because they feel they will lose "less" than staying in cash which is guraranteed to lose money due to fed debasing of the currency, but at the end of the day, the market moves higher not on fundamental valuation metrics but rather, fiat ponzi scheme casino metrics, so shorting the market based on fundamentals is a crap shoot as evidenced by the fact that the market has been grossly overvalued for since the mid-1990's----yes, even with the selloff's in between.

Thu, 09/15/2011 - 19:51 | 1675468 Stax Edwards
Stax Edwards's picture

It really ain't my style to call folks out but you are full of shit.  Look at earnings, rather than parroting some BS you heard some f'n troll spew that has 20 bucks in silver and has baited breath for 21.  Yeah, growth is slow, but nonetheless it is growth and it is not 2008, not by a long shot.  The banks got their way and got no regulation and the ran the fucking economy into the ditch.  .gov mandating mortgages for delinquents did not help for that matter.  But there are plenty of companies doing pretty freaking well given the circumstances.  The IB cockroaches need to be hanged in the square, but they own .gov so that aint happening...yet. 

If you are so convinced the end is nigh, then short to your hearts content, and you will burn. Bottom is in, so cling to your metals while hunkered down in your bunker fearing the EOW.  We will keep on and the world will keep turning and brighter days will be ahead.  Go ahead troll, stick your head deep into the sand.  You know what, no body cares that your are such a treasonistic SOB that you want your own country to fail.  You deserve to fail.  Fuck you you fucking cockroach.  Turning against capitalism and commerce and wishing for pestilence, no matter how hard you wish, it ain't coming.  Millions of americans get up and work every day, and you with your forever pessimistic outlook because of what these fucking bankers have caused will get yours.  Get over it.  Communism or agrarian society or whatever the fuck you seek aint coming.

Fundamentals are coming back and .gov is getting out of the way.  Mark my words, we are hardworking people that have been bamboozled by these bankster fucks.  We will live to see a better day, and fundamentals will return.  Lot bigger fish than you out there putting it all on the line to make it happen.

Fuck you troll.

Thu, 09/15/2011 - 21:32 | 1675822 jdelano
jdelano's picture

Yes, indeed--let's look at earnings. Six monhs from now.

Thu, 09/15/2011 - 21:53 | 1675881 Cdad
Cdad's picture

Fundamentals are coming back and .gov is getting out of the way.

I think you meant that fundamentals have never been more meaningless to price action, and .gov on two continents is straining to prop up the entire corrupt syndicate of bankers through the devaluation of the currencies.

You cannot actually believe the things you are writing.

 Fuck you you fucking cockroach.  Turning against capitalism and commerce and wishing for pestilence, no matter how hard you wish, it ain't coming.

Crony capitalism, you twat.  That is what we have turned against.  

You are flaming out that new user handle at a stunning pace.

Thu, 09/15/2011 - 22:27 | 1675954 Hulk
Hulk's picture

Bravo III, no doubt...

Fri, 09/16/2011 - 04:53 | 1676353 WSP
WSP's picture

Wow----you have come to quite a conclusion.  Let me give you an alternative viewpoint.  Rather than accusing others of treason or being anti-capitalist, perhaps you should recognize that the reason MOST OF US want the markets to go back to fair value is so that we can return to free market capitalism instead of crony capitalism.  As it stands in todays so-called "market", what you have are overvalued corporations who get all the capital, and then use that capital to enrich the "insiders".  While on the surface this is obviously results in a feudalistic, fascist system, the bigger problem is it distorts capital in so many ways including destroying "real" business, mostly small, which cannot compete against the corrupt ones that consume all the capital.  This is one of the fundamental reasons why we have a jobs shortage---the corrupt corporations have distorted the marketplace, are misallocating capital, and this hurts us all.

The bottom line is you are wrong on so many fronts, however, your attack is typical of those who do not truly understand how public companies today (not just the bankers) have raped and pillaged our the nations collective wealth and capital through accounting fraud, the continuous printing of self-served stock options, and other misallocations of capital.

Do I hate our fascist, corrupt markets---you bet, but not because I do not like free market capitalism---to the contrary.  With free market capitalism our problems would be solved almost overnight, the problem is, not only do the bankers not go to jail, but neither do the 99.99% of the other executives who run our public companies and believe that their only job is to jack their stock price higher so that they can consume more and more of the nation's capital for their personal piggy bank.

I am so sorry if you do not get this, but you should be careful about questioning others loyalties.   While I certainly am no longer proud of my country because it has become a sociopathic criminal enterprise, I am proud of the constitution and what our nation could be if we enforced our securities laws and once again allowed free markets to work as they were designed. Sadly, that day will likely not come, simply because the masses have become so dumbed down on "sports center" and "Jersey Shore" that they do not even know who the real anti-Americans are anymore---as evidenced by your post!

It is always popular to blame those who short the markets as the "enemy" when in fact they are usually the only friends to capitalism there are----the short sellers are the ones trying to bring "truth" to the markets but sadly, ignorance and apathy usually win.

For the record, I don't short the market because I learned long ago that stocks rarely trade on fundamentals anymore.  However, that doesn't mean I don't understand short selling’s function and its importance to a "free market"---which WE DO NOT HAVE ANYMORE!   Waving the flag may be symbolic to you and make you feel better, but at the end of the day, it is your actions that speak louder than rhetoric.   It is not patriotic to allow public companies to use accounting fraud to destroy our free markets, but if you want to believe the corrupt cheerleading numbers that the government produces to keep the Ponzi scheme frauds going, so bet it---it doesn't make it true!   It is NOT PATRIOTIC to allow a few elites to consume the collective wealth of the nation and blindly believe their lies.   If your definition of patriotic is fascism, then no, I am not patriotic.  I believe in truly "free markets" and that all executives serve their shareholders.  If that makes me treasonous to our corrupt system, so be it----the country I love has free markets where criminals that steal from others go to jail, where executives that commit accounting fraud go to jail, and where executives serve the shareholders and get paid last----not first.   What you have now is for the executives, by the executives, rather than for the shareholders, and I am sorry, that is NOT free markets.

 

 

Thu, 09/15/2011 - 21:49 | 1675874 lano1106
lano1106's picture

Quick question. What was your rational to take this position today and not wait tomorrow unless you pick options that expire tomorrow? My guts feeling is that no matter what tomorrow should be positive as well...

 

Thu, 09/15/2011 - 18:30 | 1675184 mynhair
mynhair's picture

Why do my longs never participate in these fukking ramps?

Fri, 09/16/2011 - 00:33 | 1676140 LongBallsShortBrains
LongBallsShortBrains's picture

 

 

.....Because you go long when it seems easy instead of when it seems stupid.  (like this week)

 

 

Thu, 09/15/2011 - 18:40 | 1675228 Racer
Racer's picture

Banksters get bailed out again by pensioners...

 

the UK winter fuel allowance for pensioners has been cut this year by 25% just when fuel prices are rocketing.

so they are literally killing off the old people because they will NOT be able to afford the heating bills

 

ChairSATAN you are EVIL and responsible for this and many millions of deaths of  these poor people who will die of the cold thanks to you and your evil printing press

Fri, 09/16/2011 - 00:37 | 1676146 LongBallsShortBrains
LongBallsShortBrains's picture

" ChairSATAN you are EVIL and responsible for this and many millions of deaths of  these poor people who will die of the cold thanks to you and your evil printing press"

 

Please!

 

Dont encourage the beast !!

Thu, 09/15/2011 - 19:08 | 1675323 DollarDive
DollarDive's picture

China StepsTo Corporate World Domination: 

 

1. Sell US Treasuries. Spiking Rates

2. Equity Valuations Plummet

3. Buy Equities

4. Sign Warren Buffett to speaking engagement to convince sheeple that things will be OK.

5. Export Major quantiities of Chinese food.

6. American's MSG out.

7. Slowly buy back treasuries when Americans are too busy watching Ellen and eating Chinese food.

Thu, 09/15/2011 - 19:26 | 1675400 RobotTrader
RobotTrader's picture

It is Do or Die time.

Up or down?

We are right at the 50-day. If we fail here, then more downside. If we are going to go back up, then I'd say some consolidation around here, then blast off.

Once again, its all about:

Banks
Retailers
REITS
Consumer Discretionary

Note how Whole Foods made a new 3-year high one day after Greece nearly defaulted and LIBOR OIS spreads are still blown out to superwides.

Thu, 09/15/2011 - 20:22 | 1675606 Belarus
Belarus's picture

http://finance.yahoo.com/echarts?s=IVV+Interactive#chart1:symbol=ivv;range=5y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined

Anyone notice those violent rallies.....before the monumental blowout? We're getting close to the Greatest Depression, Ever. 

Thu, 09/15/2011 - 19:54 | 1675480 Frankie Carbone
Frankie Carbone's picture

@WSP.

Yes, I see your points and they are all excellent points but this time is different. 

No, just kidding! I wanted to see if you'd spit the coffee out on the keyboard when I said that. ;)

I see some things here that suggest to me that a dangerous waterfall event is in the making. That is, troubling news that is worse that the usual doom and gloom malaise that has been driving the markets higher and lately been driving me to the bottle. 

I'm seeing this POS ramp up on rumors, very carefully placed rumors put out on top of a heavier than normal short interest.

I'm seeing Europe come apart at the seams and the markets aren't even hiccupping on that news. That's a form of divergence in my game. Sure we've seen that before but rarely like this. Last time I saw the same magnitude of shittieness coupled with an irrational rally was just before last months plunge. The market went up 6 or 7 percent that week as I am told. 

 

I don't really remember that week as I was drunk and passed out all week so I wouldn't have to face the potential losses that my heavily shorted portfolio was facing. 

This has the same WTF circumstances that the last week in July rally had. In fact, worse, way worse. Greece's one year notes weren't selling at 100+% yields...

I believe that the crime syndicate is playing and timing the rumors. I believe that their is also coordination with the machines to churn the markets at this time via the hyperbull quote stuffing option on their control panels. And I believe this is also timed perfectly to leave the shorts with their asses hemorhaging. 

And I am drinking again, so that's a good omen. 

I see economic news that is absolutely awful, not just "merely bad" like the past few years. 

I see the longs here gloating and stutting their feathers and I feel my 4th scotch start to tell me that I should punch the chicklets out of their faces. 

I also see ChairFucktard's excuse for QE^(coth(0)) dissolving in front of his very eyes, particular with the U.S Toilet Paper Index falling. 

These are all good omens WXP. 

It's feeling just like the end of July from my perspective.

Plus me big toe's a twitching and I'm feeling pretty lucky lately. :) 

Now if you'll excuse me I have to pour another scotch. I just bought 2 large in SDS an hour before close yesterday and another 2 of FAZ and TZA at close today and I have to narcotize that thought. 

 

 

Fri, 09/16/2011 - 04:42 | 1676360 WSP
WSP's picture

I totally get what you are saying and there is no question the market is very vulnerable to a black swan.  The problem I have is the market has become so corrupt and distorted from reality that I do not feel you can bet on a collapse.  While it is true for anyone that understands our markets, reads financials, and can do basic math that the market is not only overvalued, but also grossly infected with accounting fraud and other distortions, the problem is those that control the printing of our currency have decided that the market is a proxy for their policies, and they simply will not allow the market to properly account for the widespread fraud and corruption that exists.  In other words, the market really is Bernanke and the corrupt oligarchs "waterloo" at this point, and they have so many tools at their disposal to keep it floating that I simply would not be willing to place that bet.

In then end, those who have the balls to do what you are doing definitely need to drink, and who knows, you might get lucky and our markets may once again trade "freely".  However, for that to happen, you would need so many regulatory agencies to stop committing fraud, including the SEC, FASB, BLS, and on and on.  I just don't see that happening because too many people with power have a vested interest in keeping the market high, despite the fact that it is destroying our free markets by distorting the free flow of capital---something most of the longs here totally do not get.

Anyway, good luck to you---you are going to need it and make sure you keep your bar stocked with scotch---lots of it!

Thu, 09/15/2011 - 20:23 | 1675615 warchopper
warchopper's picture

Futures can jump. 2007 and 2008 feel a lot like 2011.

 

http://www.warchop.org/files/2007%20vs%202011%20Comparison.png

Thu, 09/15/2011 - 21:27 | 1675804 msmith
msmith's picture
EURUSD - Volatile price action today as it pushed higher. A good analysis available here http://bit.ly/qUvuxa
Thu, 09/15/2011 - 21:33 | 1675825 PulauHantu29
PulauHantu29's picture

Bonus season should be sweet for Wall Street and Bankers:

Ferrari Is Recession Proof as Luxury Sells Out

“If you go to the Ferrari stand, there aren’t any customers worried about the recession,” Fiat Chief Executive Officer Sergio Marchionne said at the International Motor Show. “The last Ferrari customers I saw at the show weren’t crying.”

http://money.msn.com/business-news/article.aspx?feed=BLOOM&date=20110914...

The Euro-TARP/TALF should  be a Doozy!

EuroTaxpayers better load up on tons of KY Lube.

Thu, 09/15/2011 - 21:43 | 1675849 chump666
chump666's picture

USD is major bid...strange.

Thu, 09/15/2011 - 22:04 | 1675900 lano1106
lano1106's picture

I do not have a Phd like central bankers but with CPI increasing and employment decreasing, it seems to me that the less responsible thing to do in this context is to print more money.

 

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