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Looks like 2008? not really, gold is not $500/oz.
Shhhh, are you trying to wake the CME margin increasing bastards up.
That pony has played it's one trick. They tried it again with Gold and all that pony got was an $1,800+ brand burned in it's ass.
According to my receipts, most of my gold is $500/oz. ;)
You seriously need to return your gold and get the $1800 kind. Actually, I've got a few $2000 golds if you are interested.
The same receipt you will get soon from government, forced.
Yeah, he better unload that crap fast. I'll give him $750 oz right now.
Monetary half-life getting shorter, bitchez!
This is the greatest buying opportunity moment the world has ever seen!
No, this is!
It just keeps getting better and better the worse things get and the lower it goes!
LOL how about those guys they parade on CNBC, calling a bottom every 10 points down on the SP.
Don't be silly, everyone knows it's not a bottom until Cramer throws in the towel. Hasn't happened yet, therefore we're still in free fall mode.
same canyon? check.
same weather? check.
same lone ranger and tonto? well, not exactly, but there are similarities.
same horses? check.
same indians? well, there do seem to be a few more, this time around.
does history repeat? No.
This time, the lone ranger has no bullets .....
By the time this is played out, you will WISH it 2008!
...unless you have PM, of course.
Put/call closed at a record high of 1.49 today, fwiw....
Hows that NFLX trade working out?
We're starting the next leg down with much less dry powder
My question is do we continue with that leg down tomorrow... or is this going to be a little more of a drawn out process (perhaps extending into next year). Doug Kass says the XLF is going to be up 10-15% in 2 months and up 50-100% in the next 12, so I guess that means we're headed lower right away.
I know that the worst thing that could happen to my portfolio is a long sideway drag, killing all my calls and puts.
You might consider selling some furrher out strikes puts and calls to hedge? Volatility is probably up from when you bought your puts and calls so you may be able to capture some decent premiums. Good luck!
Blowoff top in 30-yr. bonds today as Tom Keene's jaw was dropping on the floor this morning.
How are those GLD puts working out?
It can't be like 2008. Why? Because I read an article Yahoo Finance from CNBC that it wasn't like 2008.
2011 looks nothing like 2008.
2008 has two boobies stacked sideways on the end, 2011 has two sticks.
I came here to post the same thing. It's off the front page now, but the moment I saw it, I said there's your mainstream media denial, which confirms it's exactly like 2008!
Enough of that crazy-talk. This is nothing like 2008...
2008 was all GWB's fault.
This time it's those pesky tea-partiers.
can't believe our perfect utopian pelosi-paradise where no one has to work and money is free is being trampled underfoot like this.
That's it- I'm calling the President of my local Bilderberg chapter.
I do declare it's high time for Senora Pelosi to take another trip to Syria. Maybe outfit her with a headscarf with "Assad Rocks" embroidered on it.
I think this is a bit worse than 2008...the convusions are worse. I think there will be one more stick save that will last into Q1-2 2012...then the game is over. Or the powera that be will just step away and let it fall sooner rather than later.
Either way a major conflict or series of medium ones will break out. ME will start things off, followed by Asia.
It is worse: political instability that was not present in 2008.
How is it more unstable now? One party rule has always been disastrous.
Jimmy Carter 1976-1980
Bush Jr 2002-2006
I think he was referring to the international scene. World > USA.
China reaffirmed recently that any attack by NATO or another entity on Pakistan would be considered an attack on China. The U. S. is itching to dismantle the Paki nukes. Stay tuned.
Whatever..I have some cheap, "disposable" shit to buy from Walmart made from our friends in China. /sarcasm
Another word for the globalization loving crowd is liberal.
yep the next FF will be something that strangles oil supplies
and of course the dinner table is set for the ME to be blamed
the last act of masking peak oil effects and racking the world into rationing/martial law/kill off
think about it
Oil dropped to $33/brl in March 2009. Marginal demand determines prices.
wrong EROEI determine prices
Didn't I write exactly this just a couple of days ago? I'm sure I did . . . and didn't I call it . . . uh, something like . . . "The Sequel"?
You know, I think I even got interviewed on it on The Alyona Show . . . or was I dreaming?
I actually printed this out and distributed around my office. Well done ;)
Thats not a dental office, is it?
ah, but yours did not include snazy chart..
We didn't have this in 08:
Recent readings taken at the [Fukushima Daiichi] plant are alarming.
When on August 2nd readings of 10,000 millisieverts (10 sieverts) of radioactivity per hour were detected at the plant, Japan's science ministry said that level of dose is fatal to humans, and is enough radiation to kill a person within one to two weeks after the exposure.
10,000 millisieverts (mSv) is the equivalent of approximately 100,000 chest x-rays.
It is an amount 250 per cent higher than levels recorded at the plant in March after it was heavily damaged by the earthquake and ensuing tsunami.
"How much radioactive materials have been released from the plant?" asked Dr Tatsuhiko Kodama, a professor at the Research Centre for Advanced Science and Technology and Director of the University of Tokyo's Radioisotope Centre, in a July 27 speech to the Committee of Health, Labour and Welfare at Japan's House of Representatives.
According to Dr Kodama, the total amount of radiation released over a period of more than five months from the ongoing Fukushima nuclear disaster is the equivalent to more than 29 "Hiroshima-type atomic bombs" and the amount of uranium released "is equivalent to 20" Hiroshima bombs.
And no news at all about it any more. Amazing. Full scale media blackout.
Something like the MSM reporting of the strawpoll and how Ron Paul wasn't even there! According to the MSM.
After the Fukushima disaster thunder thighs Hillary Clinton flew over to Japan and agreed that the U. S. Government's stance regarding foodstuffs imported from Japan to the U. S. is that they would be safe! So our masters are not even testing imported food coming from Japan!
Japan would do the same for us. It's not like they banned the importing of American beef when Mad Cow disease hit, is it? /sarcasm.
We need a candidate for President who will make sure we are not the world's bitch.
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