This page has been archived and commenting is disabled.
Futures Rout Accelerates: Emergency Fed Announcement Possible
The last time we had a modestly comparable collapse in overnight trading, a certain futures trader from SocGen whose gimmickry had been uncovered, caused the Fed to lower its Fed Funds rate in an emergency meeting first thing in the morning. Which is why we wonder, should the ongoing rout accelerate, to an extent driven by the decimation in the Korean Kospi, down -9.5% at last check, but also due to increasing worries the Fed may not announce QE3 tomorrow (or if it does, it will be OT2-like and won't have any actual LSAP component to it), whether Bernanke will be forced to have an emergency address with market in the morning, around 7 am, in order to prevent what is shaping up to be a market collapse of epic proportions. And certainly not helping matters is either Chinese inflation coming in hotter than expected, (see prior post), nor the fact that in the People's Daily, PBoC advisor Xia Bin said that China doesn't rule out "normal market operations" to promotes is own interested when necessary amid the US debt turmoil. "China should set up an overseas investment committee to accelerate the strategic use of foreign exchange, Xia said, according to the report. This committee should organize storage of strategic materials, Xia said, according to the report. The country should allow and encourage companies to purchase foreign exchanges with the yuan, the report said, cited Xia as saying." Wait a minute, you may ask, how does that work without China floating the Yuan? The answer: precisely. So while we wonder just what punitive measures China will take to make sure America behaves, here are the futures. We will update this chart if anything insane occurs.
»
- 7258 reads
- Printer-friendly version
- Send to friend
- advertisements -
this also happened a few years ago. the dealers had very little platinum product, and the premiums were astronomical on the coins. i'm not saying there isn't product available at a decent price, but i am saying we didn't find it locally, the last time, to do the arb.
we = me + one other guy whom i know. after a while he came to the conclusion that the japanese had bought them all. really. mrs t was keeping the platinum bullion with her gold and JGBs; he refused to hear any other explanation. later he told me: it's b/c of the auto industry in japan!
so, if he was right, it's probably pretty radioactive, at this point.
In 2 weeks we gave back a year's worth of QE2 gains. Just like that. Nice call, David Tepper and all who drank the kool aid.
What the MSM seems to be saying is "Golly gee what a dramatic developement, hold onto your 401Ks and we'll keep you informed". What I'm reading here seems to say "Get out your FAL and clean it".
@Little John
LOL. Welcome to Fight Club.
We are all screwed....sell the fucking peaks... By the way did I mention that we own China. Freeze their assets....they will be done like dinner.
.
China could go nuclear and sell a huge chunk of UST's, that will send US interest rates upward. Sure China also gets taken out, but China always has the 1000yr plan in their pychology.
Also they hit the UST sell off, oil price will collapse. But that would be good for a country that net imports oil.
Fed could buy 'em all with vapor money. Problem is we'd get Cat 5 inflation sooner rather than later.
Greenspan: U.S. Won't Default Because We Can Inflate Money Supply
http://thenewamerican.com/economy/economics-mainmenu-44/8496-greenspan-us-wont-default-because-we-can-inflate-money-supply
Soros Dumps Gold, Inciting Fear of Plummeting Price
http://thenewamerican.com/economy/markets-mainmenu-45/8495-soros-dumps-gold-inciting-fear-of-plummeting-price
Sounds like he sold all those GLD shares a little too early. He must be expecting a comex default. I will bet he personally has lots of physical though.
Exactly, that is our problem, instant gratification. China thinks in long terms. Yeah short term , they dump our bonds, they eat shit, we eat shit as bad or worse. Hard to be net importer when the currency is collapsed. Oh produce our own crap, sure, but China is already producing a lot more crap, and is tooled up much the same as we were before and during WWII. Financial wars turn into shooting wars (ask Iraq, Libya, and soon Iran). With an Army 200 million deep (no matter how ill equipped), that is still enough bodies to melt the barrel of my peashooter before I put a dent in their numbers. Look I hate China but they think a lot longer term than our leadership ever could (Ours cannot see out beyond their noses). That alone gives them an advantage.
They're not saddled with the toxic mix of blacks and jews.
Edge: Chiner
+1. Oh you mean they dont have politicians like Christopher Dodd, who buddied up with mozillo, got sweetheart mortgages for himself, his family, etc. Then says shame on you, turns the lights out and retires to said McMansion with the 2nd misses?
You mean they dont have politicians like Jim Kerry, leader of the class warfare movement, who pays effective 11% rates on tens of millions of income, and calls the freshmen tea partiers absurd because they dont want to give up those same loopholes for the day when they might be able to use them?
Then there is Bush/McCain/Grahm who never saw a war they did not like, and tell the young president that it needs to be fought?
Despite what Rickerts said in the video, if china throws down, thats it. they have a huge surplus of young males they need to do something with anyway.
Where do you think they will get all needed brides, Russia or Japan?
Not to mention they control their propaganda machine better than we do, false flag economic collapse, blame it on 'merika, 200 million man swim to the fight, It's not like they will be making export goods when the collapse comes anyway...
I think you folks are eventually going to get your minimal government society. It will, however, also be agrarian.
heard they found something in der field the udder day:
http://www.youtube.com/watch?v=0_XAPku7SgE&feature=player_detailpage
Good.
Can't sleep worried about losing triple A status, impotent Fed, growing possibility TPTB don't have a clue what to do to ameliorate the freefall. As a physician I often find financial world overwhelmingly complex. Had a feeling this was coming for a long time. I have a few questions:
1) Is there any way out of the present financial bloodbath?
2) What's going to happen next?
3) are TPTB manipulating S&P to send a wake-up message to Americans to hold the Congress accountable?
Hello.
1) There is but it won't be pretty at all. They should let the markets and economy price in everything going on so we can then start to rebuild on a firmer footing. People don't want to take their medicine. The system needs to be flushed out and reset. There is too much debt.
2) I think at this point, everyone is waiting to see exactly what the Fed announces tomorrow and what the happens in Europe. Worst case scenario, they wait until the Jackson Hole meeting in late August and we endure the pain until then.
3) They have probably been short the market and are cotinuing with the wealth "transfer" game plan if anything.
Just my opinion...good luck.
the financial bankruptcy is bad, but the spiritual bankruptcy is what's killing us.
1) Let the market do its work unmolested. No intervention. Trillions have been misallocated.
2) The idiots at the central banks are going to molest the markets and force their heroin (cheap money) on the detoxing markets.
3)TPTB are always manipulating something I doubt it is holding CONgress accountable. This is a consolidation of power by TPTB, they want to consolidate even more. The problem is when reality hits and everything has already consolidated, they have nowhere left to run and actually have to eat their mistakes.They will be manipulating more by morning. We can only hope they are unsuccessful and proper deleveraging and proper allocations happen naturally.
1) All those offering alternatives have been exposed as frauds and charlatans by mainstream economists.
2) Just read the mainstream press. Their experts, while not infallible, offer the best analysis untainted by ideology or skin in the game.
3) No. Only TPTB can hold congress accountable.
There's plenty they could do...
-cancel Obamacare now
-drill for oil now
-turn water back on in CA valley
-stop fishing moratoriums in NE
-open back up the auto dealerships
-Flat lower tax on corporations
-Freeze government spending now, would be scored a $9.5 trillion by CBO immediately
-cut 10% of Federal employees and/or budgets across the board.
-get rid of all those regulatory czars
-sell Federal lands, properties, billions in immediate revenue and less maintainence costs forward
-get rid of illegal aliens (sorry, they're illegal) costing us billions
-tweak SS and M/Care with increased age, means testing
-go to partial gold standard for sound money, end the Fed and have Treasury print money, buy gold on open market, price skyrockets, we are gold superpower.
-dump EPA regulations
-declare global warming a hoax and litigate enviro wackos for economic damages
-Then (irony) change litigation laws in USA to stop the stupid torts and costs associated with preventing torts
-get rid of entire Federal dept of Education (it does nothing), education is local
-get rid of IRS and go to VAT fair tax, abolish income taxes.
-constitutional amendment for balanced budget.
We call that list a good start at the local bar.
Your list will, unfortunately, just precipitate the bitter end. If you just drill, you'll only burn more faster. Then back to square one with even less and no real adaptation. That was the wise-ass policy in this country for the last 40 years and one of the key reasons we're in trouble. Keeping the status quo will only ensure we crash and burn.
Actually, back in the early 70s it was Forbes (which one?) that suggested the the US use up everyone else's oil first.
One has to admire the stupidity of the "strength through exhuastion" cheerleaders: evolution will eventually weed out this kind of thinking.
We TRIED but they wouldn't give it to us cehap enough.... and when we used up the North Slope and tried the neo-conplan to conquer the next 50 year's worth in Iraq, we got a clusterf**k of monumental proportions. After a 'zero cost' war that cost us a couple TRILLION DOLLARS we STILL couldn't manage to steal their oil.... the 'Evil Iran' meme hasn't worked - despite the Gulf of Tonkin redux 'speedboat attacks (nevermind that we'd get our butts kicked by current gen cruise missles - our carriers would be sitting ducks , all wargame scenarios ended VERY badly for the US) now we're trying a grab in Libya.......
When you can't BUY anything anymore and can't CONQUER it, you're screwed.... meanwhile China spent their surplus $$$ buying up long term energy contracts all over the world, converting soon-to-be-worthless paper into real assets.
1) Yes, but it isn't going to happen. The rule of law has to be followed, and hundreds of people need to go to jail. Balanced budgets, no exceptions, or even surplus.
2) I'm guessing that some form of "liquidity injections" will be announced in the next 24 hours, even if not called QE3. Risk off may briefly turn to risk on. Gold should continue to shine, although a pullback of some kind would not be unexpected. Europe will continue to be a basket case. Black swans seem to be taking flight right now, so who the hell knows.
3) Maybe, as proof of why QE is required. Not sure on this last one.
Will there be anything left from which to rebuild that does not include tyranny and total loss of liberty?
As a side note, can you believe who got kicked off Master Chef?
Holy shit.. Is this really going down tonight? After years of expecting it, never thought it could happen this fast. The next few days are going to be a hell of a ride.
Gold 1756 and it looks like the slope is steepening.
To quote the latest silver bears: "If they don't print to infinity, this fucker is going to zero."
Yeah, I should really hedge that stack. Any advice? Puts comes to mind...
Where is the market headed?
http://www.bostonwealth.net/2011/08/08/morties-market-analyses/
Click above to see chart
Wave 3s are often described as awesome things. This is definitely one awesome W3. Predicting the end of a W3 is as difficult in this direction as it is in an upward slope. If the market is going to begin a counter-trend move, I usually look for it early the session (1st 60 min.) or later in the day. I don’t fight a trend in the middle of the day. And IMO it’s best to wait for a bottoming formation to be there for a setup. Today I was looking for a possible counter-trend trade at the 1144?ish level, but ES was moving with too much strength when it hit that level and didn’t give any hint of a reversal. So I continued to play the short end all day.
I am putting a Weekly chart up for analysis because the shorter time intervals don’t tell me much. Right now ES has a lot of clear running until it gets to its next major target. I’ll be watching for a W4 to begin at any level, but I have to consider the Bear in control until I see something Bullish in the action. I’ve indicated some levels where we might expect support for this Bear move.
Ah...someone is selling some long bonds...lookin' toppy.
Greenspan: U.S. Won't Default Because We Can Inflate Money Supply
http://thenewamerican.com/economy/economics-mainmenu-44/8496-greenspan-us-wont-default-because-we-can-inflate-money-supply
Soros Dumps Gold, Inciting Fear of Plummeting Price
http://thenewamerican.com/economy/markets-mainmenu-45/8495-soros-dumps-gold-inciting-fear-of-plummeting-price
I've got gold at $1760 and oil down to $77 right now. I'm not complaining but somethings got to give...and the other PM's are just sitting there. WTF? I get jumpy sitting on big gains long in the tooth but I can't bring myself to click the sell button. I want the other stuff to follow gold. This is too wierd. I'm tempted to move it back to silver and try to win the lottery. Would love to see gold relax and silver take a turn. I'm going finish tonight on Harvey Organ's blog to see what he's got to say.
why not use a trailing stop like an adult, or find something to pair your winner against and use a % stop?
Gold is safety, silver is speculation.
gold is for the political class... silver is for the revolutionaries
i know who i would rather be www.silverrevolucion.com
GC DEC 1764.4 High.
I got a spot high of 1761.86.
This begins to look like those scary video about the end of the fiancial world.
I watched Rollover this evening for giggles.
Bullion... Grab what you can get...
I wonder if they will find Ben this morning with a hole in his head, and a smoking gun in his hand. Wouldn't that go down well. (/sarc)
*****Top Five Places "Not to Be" When the Collapse Comes
""The dollar collapse will be the single largest event in human history. This will be the first event that will touch every single living person in the world. All human activity is controlled by money.....""
http://seenoevilspeaknoevilhearnoevil.blogspot.com/2011/08/top-5-places-...
*****OT: Hilarious 2 min video
Everything gonna be upside down...
http://www.youtube.com/watch?v=W0Uju3tYS2s
UK futures indicated at -6.5%
...this train has sailed, City Out Of Control http://www.youtube.com/watch?v=fNNqA1hcnYM&feature=related
1765.67
It's transitory,hence, no announcement.
http://www.dailymail.co.uk/news/article-2023809/Did-George-Soros-win-10-1-return-S-Ps-US-credit-rating-downgrade.html
Who 'made $10bn on 10/1 bet that U.S. credit rating would be downgraded'?
Read more: http://www.dailymail.co.uk/news/article-2023809/Did-George-Soros-win-10-1-return-S-Ps-US-credit-rating-downgrade.html#ixzz1UV8yW6uK
Kimchee! Bitcheezz
Would QE3 work in a background of un-ending series of european sovreig crises, massive chinese and emerging market asset bubbles already popping with high inflation, and the global fiscal pump already in reverse mode? Ben might be heroically stupid, but he is not desperate enough to want to go down handcuffed by angry mobs.
control+alt+delete
Yes, yes, yes...but remember, I slept at a Holiday Inn last night!
Soon, The Bernank and Timmy may be earning thier kept making commercials like that one.
Jeezus, $1770! We could break $1800 by morning.
yeah, just saw that - amazing.
End of week? who knows.
Good to be us.
I am hoping for a 1776 print before bed.
Silver is green! Alleluia!
yeah, just saw that - amazing.
End of week? who knows.
Good to be us.
Its now the gold bullet train
Chinese Restaraunt Prank Call
http://www.youtube.com/watch?v=tXdMK69FGJY&feature=related
hahahahahahahahah http://www.youtube.com/watch?v=jR8VfFFjdCE&feature=related
Too bad Mark Haines isn't still alive - he'd know what to do...
Anyone noticed the old money price?
ror
With u.s. index futures down another 2% tonight, there's no way the 2 year support levels at DJIA 10,000, SPX 1050, NYA 6500, RUT 600 and DJTA 4000, down only another 3-5% more, are going to hold.
NAZ and NDX supports however, at 2100 and 1800, down 8% and 10%, look like near-term BTFD targets; the bad news is the other indices also have 8-10% more on the downside.
It's certainly bad enough for the desparate financial authorities to soon take drastic market-closing moves, but their inability to devise a plan to close the world gold markets is hopefully bringing the realization of their final incompetence into sharper focus.
AU $1770, with no dips to buy.
curiously, the S&P was down 6.66% today
1764 NY close battle royale next up.
Has anyone offered any explanation for where the jews' mulatto was between 1:00-1:50 before he bee bopped on up to the balsa wood podium and read goldman's script in his negroid watching-a-tennis-match fashion?
Why was sammy davis jr an hour late for his own funeral today?
Smoking crack and getting fucked in his purple ass by his handler reggie love(the original teabagger) again?
He was probably doing some practice putting in the Oval Office. He shows up late, mumbles about the Seals, blames everything on everyone else, looks disinterested...
He has the country on the fast track to destruction. And he just got *somebody* ten billion dollars richer so his job is done. Just waiting for this to end so he can go get his reward gig as SecGen UN.
he's gonna get whacked
hope so.
I wonder how much longer Timmy will insist he's not going anywhere? In other words, he's creating his own little Weinergate.
-- THIS JUST IN ---
FED TO PRINT EMPEROR NEW CLOTHES
Well, it made me laugh. Are you here all night?
When all is doom and gloom, it is time to consider buying some stocks, such as MSFT with a AAA rating.
time123
admin at http://invetrics.com
Wait'll the baby gets thrown out with the bath water. Then buy.
Get some Bidu while you're at it. We'll all be speaking Mandarin anyway.
wtf? MSFT?!? Maybe at $2.448
It just cracks me up how the FED and the Osama administration worry about every daily blip of the stock market. It just goes to show that they are trying to manipulate it.
Price manipulation is the despot's favorite.
Look at that setup for tomorrow...ES now turning at 1093 with every technical indicator at rock bottom...everybody in Asia capitulating on "stawks"...S. Korean market closing...everyone worldwide rushing into paper gold...with the 30 year looking like it has topped...AUD capitulating...Europe sure to implode once again...
And the bankster in Chief set to saber rattle in the morning...at the end of a 250 point route in S&Ps.
Ummm....reversal anyone?
Big 10-20% reversals, daily at first and then every few nanoseconds.
Now, but iGod can help in this iCrash hehehe
Mere idiots at dc
Or the chairsatan sends some cheques loaded with his shitty dollar
Quoting Scoutster:
"Can't sleep worried about losing triple A status, impotent Fed, growing possibility TPTB don't have a clue what to do to ameliorate the freefall. As a physician I often find financial world overwhelmingly complex. Had a feeling this was coming for a long time. I have a few questions:
1) Is there any way out of the present financial bloodbath?
2) What's going to happen next?
3) are TPTB manipulating S&P to send a wake-up message to Americans to hold the Congress accountable?"
1. If FED prints (buys securities) or interferes monetarily it continues to get worse.
2. The Insolvency at the corporate, personal and soverign level must be flushed out which will cause a Global drop in GDP, loss of jobs and hardship for the most unfortunate.
3. During the Insolvency Fix securities in all sectors can be expected to fall anticipating shrinking top line (sales) and bottom line (earnings) effects.
4. Item 2 happens because what you are witnessing is a global demand for political policy makers to act like Business CEO's and choose whom to fire and whom to keep. It will happen even if Item 1 occurs in the near term (Congess will cut off the spigot rather than face total destruction of the USD.)
5. Lead delivery systems will not be necessary because Item 2 will happen before "gangs of New York" are revitalized. Fields will still be plowed, lights burned on broadway, whoppers sold in St. Paul, ships will ship and planes will fly. Stocks will find their natural price in a new world where earnings will be properly reflected in the market cap of the enterprise.
Hope this assuages your concern a little. All the best CI ,,,, ex-pat in Mex.
By the way, Invetrics has been telling its members throughout July to stay 100% in cash. Its DJIA index timing signal went long last Monday and went to Cash as of the close of last Wed, just before the 500+ point drop on Thursday and the ensuing chaos. It has been in cash since then, avoiding most of the latest market rout.
time123
admin at http://invetrics.com
As of 1am Eastern, the pump monkeys are awake, they are off their lows. US market futures are all so bright, I gotta wear shades. Nuclear detonation shades.
They need more pain in the markets before qe3 is announced. No QE3 announcement tomorrow.
the fed needs to announce an emergency shit and keep its hands off the economy where everything it touches turns to rust...
i bet the bankers would love to see asset prices much much lower.... after all they will be receiving trillions in freshly printed money guaranteed...
so if you were a banker.. would you choose to accept that money now and let inflation continue... or would you rather see the markets completely crash to some of the cheapest levels of all time?.. then you can come in with new liquidity and buy everything back for pennies
remember... the top of the banking pyramid want control.. they dont care about the money in the short term.. the best way to gain more control would be to bring the economy to its knees and buy it up for nothing
here is a video which explains the money system in a very easy to understand way
http://silverrevolucion.com/story.php?title=david-icke-money%E2%80%AC%E2...
what's "good for jews"?
Nothing to see here...move along...
...oh shit!!! The Great Wal Mart Of China Global market is on encephalitis baby pills, http://sanfrancisco.ibtimes.com/articles/193371/20110805/china-dead-baby-pill-stamina-booster-cannibal-placenta.htm Man, I thought that Beagle on the cutting board in Soul was bad, looks like that old slide has lost it's shock value. It's a nano digital petaflop mad mad world. http://www.youtube.com/watch?v=CpjKPy64NpM
http://www.youtube.com/watch?v=8Sp-VFBbjpE
I'm sorry. What?
It's too late to apologize. The turd has floated out of the paper. Nothing left to do but piss on it.
THREETARD* SUCKERS!
*CNN FOX ABC CBS etc : assholes who sold you this shit sandwich.
WTH? I catch a few hours of shuteye and the futures reverse that much?
Silly, They can use HK dollar to buy~~~
Korea bands shorts too
As in rubber?
Saw gold at over 1780 (+4.00%) a few minutes ago.
Did you eat it?
I'm going to eat a bunch of silver today. Then I'm going to shit little toy hatchets when the dollar makes it's final death rattle.
Wholesale Mirror
Wholesale Vase
Promotional Gifts
Wholesale Pedometer
Wholesale T-Shirts
Coca Cola Gifts
Lady Beauty Care
Mouse Pad
Wholesale Mat
Consumer Electronics
Wholesale Raincoat
Men Beauty Care
Mouse Pad
Wholesale Scissors
Wholesale Thermometer
Wholesale Apron
Valentine Gifts
Promotional Gifts
Wholesale lable
Wholesale Keyboard
China Wholesale
Home Appliances
Photo Frame
Wholesale Halloween Gift
Wholesale Stationery
Promotional Products
Wholesale Bedding
Wholesale Vase
Wholesale USB Flash Drive
Wholesale Glasses
Wholesale Binoculars
Business Gift
China Wholesale
Wholesale Sticker
Wholesale Halloween Gift
Wholesale Lighter
Hair Products
Wholesale Stationery
Wholesale Keychain
Name Card Holder
Money Clip
Electrical Gifts
Promotional Items
Safety Products
Wholesale Apron