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Futures Reopen To Surprising Dose Of Gravity
The overnight futures ramp crew may have its work cut out. With a major unknown catalyst - the €5 billion Italian Bill auction - due to hit only after BTPs reopen around 3 am Eastern, the ramp will only occur only after 4 am if at all. On the other hand, we fully expect European insurers filled to the gills with collapsing European sovereign bonds to experience a very significant helping of gravity themselves as soon as the European market awakes. Either way, Bank of America may need to revise its solar-driven trading model.
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Game on, Bitchez!
No way they will let this fail. They can't. This is the real deer-in-headlights moment 4 reelz.
Every central planner on the planet will be there with their own money to buy up the offering. The bid will be 800:1, all of it freshly printed fiat just for the day.
All meaningless, of course. But they'll be there.
Timmay is rushing his kids piggy banks over to the ESF to pump this one up.
The Chinese will run to the rescue.
Mark my words.
I'm an idiot savant.
http://fucklloydblankfein.blogspot.com
Not unless they're idiots. Chinks hang tough thru all this, they emerge as prime - if not hegemonic - world power.
Will not happen, there will be a war first.
Chinese will only intervene if they obtain geopolitical gains...oil, gold, terms of trade...The creditor always have the power in the end.
BTW - gold is also getting a dose of gravity. I hope I have the guts to buy the next dip.
How Gold Performs During a Financial Crash: http://seekingalpha.com/article/295567-how-gold-performs-during-a-financial-crash
Everyone's an idiot, no offense or particular disdain for the Chinese, but they've got their problems too. Just came back from over a years stay in the PRC in Guangdong, and I've been to cities, not even major cities that had maybe over twenty huge construction cranes gracing the smog laced sky from a vantage point of a very complete sparkling new group of high rise condos...this group consisting of ten 30 story plus buildings, and the nice streets and infrastructure surrounding this completed development and these streets are surprisingly have little or no traffic, because these completed buildings are all empty...OK, maybe ten percent of these buildings are filled. But what's amazing to me is that in the near distance one see's all these huge construction cranes building similar developments. I was not from that area but visiting, the building I was living in was 25 stories and maybe thirty percent full. China is pretty crowded, but there is a lot of liveable modern space going to waste over there and they just keep on building and building. Guangzhou City makes New York City look like a small village.
I recall seeing the same thing in Miami. I believe it was around 2007 or so. The skyline was filled with construction cranes.
I admit I am not an expert, but reverse cultural revolution? in the 1950s they needed people to work the farmsteads. in 2010 it would be better to not have any housing on the land that can grow crops and harvest with modern machines?
You know what they say, you can attract more flies with Geithner than with honey.
Someone give " CAIN a Kazoo" , and Perry a Piece of BEEF JERKY!
Jeesusss!
At some point, the Beast grows beyond
the control of the false kings,
and
their day that never was
is over.
Thank d_G, finally a voice of sanity. How is it that the People of ZH seem to constantly fall over themselves every time there is a "market" correction?
There is NO market - not in FI, FX, equities, commodities or any other tradeable instrument. Each of the CBs are running massive SIV/SPVs no different than Olympus, Enron, et al in which to hide losses. This is how they constantly purchase any/all collateral @ full par value without showing any offsetting accounting entry.
There is only one way this game stops, and it's the price of oil. That is the only thing Ben & Crew are concerned about; this is what explains Iraq, Libya and potentially Iran. The MIC must do their part to keep a lid on the price of oil (ie ensure the flow at established prices) in order to allow the CBs to continue printing so as to offload all the toxic 'investments' from favored impaired firms.
If Greece, and now Italy are in the news, it's only because the puppet masters temporarily pulled back to watch the market tank. Why was MF sacrificed? Who knows, but the total amount in play is absolute chump change compared to the $15-20T the Fed has already comitted. They could have saved Corzine in between their 1st & 2nd martini @ lunch.
Some day the market will finally drop for real - it may even feel like this. But today is not the day - it's still too early. Stay long the Empire until you see the whites of their eyes.
Little short for now though but I agree the big KAHUNA not IN yet!
Ah, the "Wizard of Oz" method of investment analysis, lol.... What, is oil not a commodity? You're contradicting yourself then.....
B9K9 you truly believe that's all of these events are being coordinated? if you look at what happened over the last 3 years, shit even the last 3 weeks you have to see that this is the most poorly coordinated global conspiracy ever concocted.
it would be much more prudent to allow economies to grow, placating the masses, and turning the public eye away from your plans. you can integrate economies while expanding them all the while avoiding riots.
what's happening is the end of growth due to the depletion of finite resources principally oil ( as you are keenly aware). you need to growth to pay off the interest on debts. without growth interest overcomes your ability to pay of debt. peak oil means peak growth means peak debt means financial collapse mean the collapse of industrial civilization.
but if Timmy and Benny are truly aware of this ( I am often debate how much various political figures "get it" Robert Hirsch, who I trust, says that Steven Chu is fully aware of peak oil and its consequences) then why wouldnt global governments the implementing a crash program of alternative energy solutions alongside futily and very temporarily bringing oil prices down by a few dollars.
the fossil fuel era will be but a blip on the map of human history.
Benny and Timmy aren't aware of "this", and even if they were it's not within their scope to even care. They are but one finger on a very large set of gloved hands.
I think that although they don't have omnipotent control, they have a lot of power to juice up a market that naturally wants to fall.
Maybe, just maybe they need a market 30 or 40 percent lower to justify the massive printing that they need to keep the whole country together through the next election.
Only massive printing will do it.
They got nothing else but the market to go on anymore and they need to get the shock and awe of a drop over with now so they can show progress by next summer.
True. Why would the Central Bankers create this clusterfuck to have the world calling for their dissolution?
ref: "matthew r. simmons legacy" - 'The Ocean Energy Institute (OEI)"
yes,... legacy - he apparently died of a heart attack shortly after speaking out (post gulf-coast debacle?) publicly against, "BP"! -
http://www.oceanenergy.org/default2.asp
*link failure___http://www.oceanenergy.org
PS. matt simmons: Peak Oil $500 bbl. (7/08 - old read but enlightening) **[@Google]PS2. sites are down or unavailable - ***must google :-(
Drowned in his hottub. RIP
nailed it
Rosex:
Is it really true that Steven Chu "gets" Peak Oil? If so, I've been waiting for this day.
Also, when and where did this come out? At the ASPO conference? I know Hirsch was there and that he and others sent a letter to Chu.
Do you mind emailing me more details: thefakemichaelmoore AT gmail.
Thanks!
It was in an article that came out in 2009; the article was an interview with Robert Hirsch. it will be in the oil drum archives in it Hirsch talks about the department of energy response to his 2005 report. there's also a separate article that came out in 2009 that has an interview with david fridley who worked with Steven Chu at lawrence berkeley laboratories. in it david speak directly about Chu's knowledge of peak oil and its imminency. He says that If Chu were to say anything publicly the markets would crash... a bit of a catch 22. this is my final thesis for advanced writing for the sciences that I wrote in november 2009 the article will be listed in the works cited. https://docs.google.com/document/d/1jDua684dyu5cTQiX8I2qNlGt5yFxim_Thj0m...
Heres the Hirsch article http://evworld.com/article.cfm?storyid=1751&first=3931&end=3930
And here's the article with david fridley talking about his relationship with Chu http://www.bohemian.com/bohemian/06.17.09/feature-0924.html
I'll play along and split the difference. TPTB will ultimately do anything to avoid a meltdown. They are not out of tricks at all... and there are always more distractions if needed. Just more extreme each go round.
Right on that this is about key commodities. Mostly oil. One hell of a industrial age run (population explosion) fueled by cheap oil. A money changers jackpot that is turning into a nightmare. The mis-allocation of capital in the grand scheme may be catastrophic. The "blip" could be the punctuation of great population expansion then massive contraction, and we all know the expansion phase is hell of a lot more fun than the contraction phase.
Anyhow, there are too many key players with different visions of the future, egos, etc. Too many players eye-balling the exits. Too many wannabes jacking the systems. Echoes of cold war bullshit still resonating. Populations that are become aware too quickly. And so forth. Lots of potential instability here. Hence unpredictability.
You're almost right.
The one and only thing that can stop them is oil.
But it's not about its price. It's about it's flow rate. THAT is what they cannot control.
If you can't get enough oil, somoene isn't going to eat. Period. That's when you look around to see who is eating and try to take the tanker headed for them.
This is really the end of the EU. Right now. This cannot be priced in. We're all running on instincts and..."feelings"...now. Money leads the way...we all will know how this one ends. I'm a raging bull...if there's a Marine General running Italy in the next say...6 to 8 weeks...then you'll know I was right.
I was rather surprised that the markets were down only 3 percent today finishing at levels 10 percent higher than 2 months ago.
Disabledvet I like your theory that because there is no precedent for what is coming markets simply don't know how to react. as was mentioned a few days ago here on zero hedge it seems to be creating a sort of wiley coyote in the air moment.
B9K9 is correct. Peak oil will be toxic to bonds.
Time to Worry: World Oil Production Finishes Six Years of No Growth - Scitizen
B9K9 and I are in complete agreement. I just think that all of these responses are being haphazardly and whimsically put together because the only solution to these problems is economic growth which is the only thing that is no longer possible on a sustained basis.
??
Yowzuh.
?!
@B9K9 I have always read and respected your post. But today I lost a little faith. You think all commodities are manipulated but oil not.
Hmmmm. You believe they want to put a lid on the price of oil. Hmmmm. I lost faith in the system when we saw DB and JPMorgan buy tankers of oil at a price of near of over $100 a barrel. To this I say they want the price higher. It is the last thing people will pay up for. To keep warm in the winter. To get to a job, if they have one. But the point is.
They want the price of oil Higher. You have failed us on this read.
Calling ‘bullshit’ on this one.
Common – the whole fucking thing is the longest lived Ponzi scheme in the history of Ponzi schemes. This one has managed to out-live its creators. So what? That is supposed to imply an underlying conspiracy of forward thinking conspirators that are clairvoyant enough to see this for what it is and master its controlled demolition?? Paaaaa-leeeez.
This is totally beyond anyones control and the players are simply caught in its vortex.
Entropy – nothing more.
Exactly - Italy called it off, then they called it on - because it is pre-sold. The entire bond issuance will sell to the ECB or more likely its minions in an "extend and pretend" gambit for a price that is calculated to reduce the pressure on Italian bond yields, which will serve the sole purpose of providing a short-lived exit window for those in the know still holding Pasta "It's Al Debte!" Debt. Surge up tomorrow, then back down as the newest reason to ramp dies and reality swarms back in to gorge on its corpse. It's over people, absent the ECB announcing it is the buyer/printer of last resort. And even that may not be enough.
Update: As I said last night . . . .
http://www.zerohedge.com/news/snap-reactions-italys-%E2%82%AC3-billion-bill-auction-which-reeks-illegal-ecb-intervention
The problem with that is they will know (the other traders and institutions) who came in and bought it. If it shows that the central planners or central banks came in and bought this debt to lower the rate, the act of doing this will force the rates higher even more. Because they will know that no one but central banks are buying (essentially printing money) and that their bonds are worthless. And if that is the case then Italy won't be in any hurry to do any austerity (won't work anyway) and other countries that are insolvent will won't be in any hurry also. They will just take things to the brink and wait for someone to come buy their junk. And whomever buys it will have this toxic sludge on their nations books and they will have to figure out what to do with it.
The ball is in Germany's court. The markets are forcing the Germans to address the fundamental question which has been avoided for too long in the face of all countries in the EZ totally ignoring the rules. The question is, does Germany want to formalize the transfers of wealth to the poorer countires and save the Euro via creation of a Federal (United States of) Europe, or allow the Euro to collapse and all countries fend for themselves.
The politicians have a slight problem in that the vast majority of the people in Northern Europe, where wealth is actually being created, do not support a Federalist approach nor the ongoing bailout of the profligate socialists down South. There was once this thing called democracy, or "We the people" or somrthing like that. So unles the corrupt ploiticos can come up with some new smoke and mirrors real quick (Enter Wall Street with wonderful new "Financial innovation"?), it looks like game over for the Euro?
PS. Plus Greek holidays would be cheap again if they start printing Drachmas ;-). Santorini anyone?
Denmark entered recession in May. Has been floundering ever since with a serious lack of bank credit. Elections this summer brought in a new a socialist prime minister (and the first woman)
She kinda foxy, though!
Adolf Linköln bitchez...
1220 will hold Thursday but not Friday. Italy and Greece are getting ready to take Mr. ES to the Greek big time.
Friday's a holilday - Fed will be closed. I doubt a ramp up tomorrow (Thursday) because a bunch of folks will be settling up and heading out for a three day weekend. The semi-half-assed ramp down on TZA the last 15 minutes today didn't do much, and the last 3 minutes was an up on this brutal bear (I'm long on it, and it has been *cough* a difficult time, but today was sweet).
I suspect 1220 is going bye-bye tomorrow. And in today's rumor mill hft mess, who the hell knows about Friday, though I suspect vol will be down substantially.
But I may be wrong about all this...
Like your picture though - "Remember, remember..."
Game on, or game off?
Spanky says that the deer in the headlights is meat on the table.
It's jobs created or saved, vis QE* BITCHES!
august 4, anyone?
They'd better get all the kinks out of the national emergency broadcast system fast!
Caerus, what else you got, brother? I'll listen to you from now on, I swear. Just one more tip, that's all I ask. Here's something for you:
http://www.youtube.com/watch?v=0Az-TuYb4h0
man i'm looking at some things but not as sure as i was about gmcr so i'll hold off...
and i'll see your zep with some zep of my own
since i've been loving you
Righteous.
Did someone say Zep?
Graf Zep. Or, more like her sister ship, Hindenburg.
Whats the sig with August 4???
like old ladies boobies
http://media.onsugar.com/files/2011/01/03/1/1331/13311615/60/large_Jane_...
Old ? They look plenty pert to me. Love those manual examinations.
The Herman Cain Job Interview.
<
Time to invoke rule 666.
Dear presidential candidate,
What is your plan for global economic collapse?
Candidate "Force Majuere 666: MAXIMUM LIMIT DOWN."
I heard that Herman Koch, sorry, Cain was changing the name of his plan to 69?
Can I kill some filthy Jedi now?
You can try.
My lightsaber changes color with my mood.
and the Universe loves me,
like a chosen Son.
someone called the cops finally,
@Reuters_TopNews Japan police move on Olympus as investors demand clean-out http://t.co/Pthw8a7o Story data:basement please!
Lets see if the ECB can fill the void, which is unlikely. If Asia are dumping European debt en masse. Italy via Silvio moves into the final game play: exit from EU, back to the Lira, no austerity. France/German can suck it as most of the EZ banks.
Pitiful Greece will follow behind Italy, then Spain etc etc.
Don't worry, Tiny Tim and the gang will save us tomorrow......won't they?????
1.35 handle on the EUR about to go
I wish this were a 6 day work week. Nothing worse than my favorite soap opera peaking just before the weekend. Maybe we can find out who killed JR on Friday.
As you well know, it was all a dream.
"Don't go chasing waterfalls...."
"Don't go chasin' waterfalls, stick to them dicks and balls that you used to" - Ice Cube
http://www.youtube.com/watch?v=zIAwX3n4igE
Goldman's Mario appointed as Senator
http://online.wsj.com/article/BT-CO-20111109-716281.html
next up appointed as Italy's new Don
Also want to see the hedge funds slam the dreadful BoJ into submission.
Time for them to roll out some stupid ass rumor to spike the overnights.
I'm afraid market is a mule.
I just heard the World Bank is bailing out Greece!
Just in time for Barton Biggs to get back long, what was he at last count back to 60% or was it 80.
I've seen this before many times. our TZA and FAZ holders are selling at a premium after hours. Easy money. You got to pay to play. :)
tvix
They may save it this time, and the next time, but at some point it is "Game Over". That is what we are preparing for here.
Bernanke is having an emergency meeting with the leaders of Zimbabwe central bank to learn how to print faster.
i think the 1233 open from 3/17 just failed...that's as low as i would consider there to be a neckline...maybe it gets it back tomorrow...i doubt it though
I am not sure about the neckline....I think tomorrow could be an "Italian Neck Tie" for the market players like GS and BLK.
And what happens if BLK goes down MF Global style?
It would trigger those "Financial weapons of mass destruction" that Uncle Warren warned us about years ago.
The end game hath arrived at long last.
Are we there yet?
Are we there yet?
Are we there yet?
We're way the fuck past there, yet.
In the grand tradition of Fabian socialism, we've become so bloody accustomed to such little bites at a time, we're not realizing just how far past the point of no return we've actually disappeared down the rabbit hole.
Oh, we're way the fuck past are we there, yet.
Turning up the heat, daily, monthly, yearly, just like boiling a bunch of frogs, they have no idea its even happening.
Some see it, most don't knukles.
Corporate fascism does not equate to socialism because they have totally different goals. One seeks everything to control everyone, and one seeks a minimum for all, and control by the people. The ism's don't fit any more. They are keep losing any relation to their forebears, every minute.
"My offer to you JPM is this: Nothing.... Not even the price of the CDS, which I would appreciate if you paid for personally....."
Burn bitch burn!
Party like it's 1929.
Disclosure: Short Small Caps, Large Caps, Long Gold, Silver, Short American Public.
Long 40/50-yr old blondes that might have been in the same zip code as Herman Cain in the last 10 years.
anyone who bought the new EFSF deal yesterday, how you doing?
French banks should be blowing up real soon.
100%, also France, like that AAA rating going down the toilet. Like I said the ESFS is done. After this Italian wipeout, who on this planet will buy European debt? China? FOrget them, those commie con artists...
I think we are going to test the "Haines Bottom" very soon!
Straight from Mark to Market to Skid Mark?
Can I test Sharon Buy-a-lick's bottom?
Gravity is often times fleeting, just ask the cartoon characters.
Transitory. Like inflation.
I swear to christ if this fucking post wasn't a clear call to cover shorts. Jesus...
That Italian bond market will be bought at over par prices and a bid/ask ratio of 100x
(the gvts and banks holding Italian debt won't let it fail tomorrow when all eyes are on the auction)
That market gets a good bid only if the "Euro printing presses" work all night tonight!!
There is no way in hell the tomorrow is the Lehman moment because a measly $5 billion in Italian bonds are being auctioned. Hell, Goldman would probably bankroll it just to keep the market from completely collapsing, not to mention every central bank on earth.
Lehman's ripple effect was a ripple effect precisely because nobody saw it coming. The money printers know better now. Even if we get a sell off again tomorrow, we are so far away from a 666 day it's ridiculous.
I heard Bathtub Buffet had a phone call today....
What the hell do you smoke? whatever it is get off it! Lehman and Italy... think about the picture. Lehman brothers was a crap firm that went bust, sent the credit markets into a freeze you know the history so sans the details. Point is we are talking about a trillion economy Italy (still considered). As far as the observations with dip buying and liquidity pumps via central banks, you checked the money supply charts from 2009 to now, the globally economy is awash with liquidity. ECB has pumped more money into Europe than the FED could ever dream of...everything has failed. Now we are talking about sovereigns going bust, Greece was the con and a rather crap one, but Merkel/Sarkozy bought it, trying to look smart with their ESFS fund that nobody wants to buy bonds from. Point is, the Lehman event say Italy is being underplayed. It's hilarious. Eveyone new Italy was going 7%, but the greedy banks/blackrocks of the world juiced the market till the bonds hit 7%. You can kinda respect some dumb ass mono with a 500k + account chasing momentum. He/she looks for the HFT support and drops a long, hoping the FED/ECB/IMF/merkel/french dude/ or some euro trash official says 'everything is cool...you can load up now'. But then Silvio/Italy just gamed the market and most in it. The best bit, Italy will collapse (economically) a shock wave take out Wall Street/and the world. The Shock will be the PIIGS all leaving the EU, after Italy. You'll see credit lines freeze to nothing.
The Fed can print so can the ECB, China is joke. Once oil goes bid then Europe will implode more. Nothing is going to stop this.
ot...are we getting a debate feed? i guess i could make snide comments to myself...
lol...no blue dress, there's nothing to confess ;-)
calm down! we're still at 122x! yes!!!! almost 250 points HIGHER than on Oct 4th when the short cover rally begun.. Why is everyone panicking?
Not sure what part of the inevitable collapse of the EUR because they are not the reserve currency people will finally get but they need to begin to consider these absolutes. We can print....they can attempt to print but at the end of the day the EUR has a number of temporarily sovereign nations beholden to one currency..HOWEVER..each of these nation has personal elections and as evidenced by Greece an electoral process in all nation which after witnessing the Greek/Italy events of austerity and resignation equates to one thing and one thing only...Without a financial dictatorship which absolves all monetary choices and activity to one body via the ECB that nullifies the Matrischt Treaty it is an eventual game over.
It is coming. Big Bang...shorts in EUR and SPY have covered considerably. Air Pocket indeed all the way down to 950 and 1.17 EUR.
Then, well, Global QE on Massive Scale by the Fed, ECB, BOJ, BOC, PBC to buy sovereign debt. If you think banks are TBTF the safe play by TPTB is to bail out countries, well then...
http://www.youtube.com/watch?v=R3rnxQBizoU
It is coming. Big Bang...shorts in EUR and SPY have covered considerably. Air Pocket indeed all the way down to 950 and 1.17 EUR.
Then, well, Global QE on Massive Scale by the Fed, ECB, BOJ, BOC, PBC to buy sovereign debt. If you think banks are TBTF the safe play by TPTB is to bail out countries, well then...
http://www.youtube.com/watch?v=R3rnxQBizoU
"Jesus Tom!"
Nothing to see here...Move along...
Fnord...Fnord...Fnord
Snark...bitchez
Ron Paul for prezzzzzzzzzzzz
Anyone here an Egan-Jones client? They have a new ratings on MS and IStar Financial today.
- Why don't you tell us?
- Or you are just a taker?
I'm a nickels and dimes moron retail. No E-J subscription here. Did a drive-by on their home page a few minutes ago.
http://www.egan-jones.com/
The world will be marked to Unicorn overnight!
No reason for the Euro to be so elevated. How about parity with the US dollar? Financials keep on marking to fantasy. How about 20, 30, 40 to 1 leverage? Mark to fantasy can't last forever. You can coat a turd with chocolate but it's still a turd underneath.
for all you AUD traders:
0125 GMT [Dow Jones] The AUD/USD should be trading around 0.9500 and the market has underestimated the depths of the problems in Europe, which will require a massive liquidity injection from the ECB, says Westpac strategist Robert Rennie. "Italy has gone past the tipping point." The AUD/USD is trading at 1.0134. "I don't understand the logic of us being above parity." The house says risk of a credit crunch globally is now growing given the depth of deleveraging by Europe's banks.
I think Merkel, for the time being anyway, has dug her heals in on Italy. Not sure who is holding all the debt, but I don't think CDS's are going to be any kind of protection. Nope the banks are all about to freeze up. My guess is the ECB will cry uncle in short order and bailout the banks with massive amounts of freshly printed loot. If they don't, the whole economy will go full lockdown in short order. Public pressure to print the problem away will become overwhelming. Easy to say short everything, but if the central bankers blink and hit the print button, the snapback rally will be dramatic.
Agree, print they must, so print they will. But the slope is clearly getting slippery and those who make it through the next day or two's CB engineered ramp have GOT to be thinking about cashing in and getting out.
If printing is the solution, then cash will be trash. No printing and there will be no cash to be had anywhere. Maybe not even in your bank account.
Not to be a party pooper but I saw this same level of enthusiasm when silver hit $50/oz.
I'll believe it when I see it and in the meantime, prepare.
Most guys here are way jacked up on VXX, TZA, FAZ, etc.
Just "hoping" to get back even from last month.
You're still hoping to get even since late 2008..
Moron. Not much "hoping" when a position (TVIX) increases +37% last night into today.
I'd hate to be a bull right about now...
This deserves another listen from the Irishman that tells how it is ..WANKIN FUCKIN BANKERS lol http://www.youtube.com/watch?v=koY6kXhQDQo
Grahm Summers pattented crash meter must be going off the charts!
[Video] Watch Rick Perry's campaign end as he goofs big time in CNBC debate
http://www.fundmymutualfund.com/2011/11/video-rick-perrys-campaign-is.html
Now you see what we Texans have been stuck with for way too many years. At least this campaign gets him out of our state from time to time.
Go Ron Paul!
Hahahaha that was pretty good!!! This is my favorite though, http://youtu.be/PvDtAoICoaE . Herman Cain and his "various analyseeez" yep I can believe he worked at the Fed all right.
Could you zoom in anymore to be more overly dramatic???
.
There goes Copper 2% neg
Hey, remember Barron's call on how Financials were cheap?
http://online.barrons.com/article/SB50001424052748704468304576627261773829164.html?mod=BOL_twm_ls#articleTabs_panel_article%3D1%26articleTabs%3Darticle
What a load of Hopium and market pumping.
deleted
Everything is fine, boyz, everything is fine. Let's see we got troubles to the West of us, and to the East of us. We still got some problems here too. And to the north and south things are looking shakier these days.
Maybe we can call off this whole "let's take the world seriously" thing. It's a drag and we want to feel all frivolous and stuff. Greed is still good, so print us a pile of cash for the long holiday season and we'll shop! Who cares what happens after? We just need a quick fix and numbers that look good.
Jesse Ventura for Pres, if he will consider taking the disgusting task of rebuilding law and order with our help. Only person I trust so far. He did the governor job and did it well, with no support from D/R hookers.
And about being UDT v. Seals. It's the same thing. UDT didn't have the sophisticated tools they have now. Look back at UDT teams in WWII, these guys have been the baddest of the bad for a long time. Who gave them the fancy name?
and a not very surprising lack of gravity
floyd
DOW/SP500/NASDAQ charts reveals very overextended price action and another Wile E Coyote scenario...
http://stockmarket618.wordpress.com
it doesn't take much...short like you would in august...imo
One more supporting prediction chart for deflation in the USA in end of 2011-beginning of 2012 and all the scenarios that follows:
1) Economy in recession from q1 2012 ( increased cash hoarding=reduction of money velocity main reason)
2) Stocks sharply down, most commodities down
3) Gold, silver stable until more money -MUCH more is pressed in
4) USDx up
Supporting charts
This prediction is valid for up to q4 2012 (with differing details visible in other charts)