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Here Is The Hilsenrath Rumor To Save The Day

Tyler Durden's picture


In a market which was left for dead with virtually no hope of a CTRL-Peus Ex Machina, and which otherwise would have tumbled to close at the lows, we realized that something was missing. In fact we noted it less than an hour ago:

Sure enough, moments ago, with minutes left in the trading day and week, here comes the Fed's favorite leaking scribe, advising the market that not all is lost, and that Pavlovian dogs can, and in fact should continue to salivate at ever poster of a half naked toner cartrdige.

  • Our Jon Hilsenrath: Weak Jobs Data Increase Likelihood Of #Fed Action, But Don't Ensure - WSJ
  • Our Jon Hilsenrath: #Fed Hawks Want To Reserve Action For More Serious Threats - WSJ
  • Our Jon Hilsenrath: Some Officials Interested In #Fed Mortgage Bond Purchases - WSJ

In other words Bill Gross was right again, and the next thing the Fed will buy will be MBS. However, will it do anything to fix the economy, create jobs, or fix inflation: of course not. But at least it should push the S&P that little big higher.

Here, specifically, is what the Fed told the WSJ to write:

Friday's disappointing jobs report increases the likelihood that the Federal Reserve will launch a new bond-buying program to boost economic growth, though it doesn't ensure such a move.


Fed officials emerged from their policy meeting in late June frustrated by the slow pace of the recovery and worried that the economic outlook was deteriorating. Economic data released since then have done little to allay those concerns, according to public comments by some officials and interviews with them before Friday's employment report.


Yields on 10-year Treasury notes fell to 1.54% on Friday, near the lowest levels in generations, reflecting market gloom about the economy and also possibly the anticipation of more action by the Fed. Bond-buying programs are meant to drive down long-term interest rates to spur spending and investment and to drive investors into riskier assets that might support economic growth, such as stocks.


The central bank's more activist camp believes more action is already justified because the economy isn't making progress toward reducing unemployment and inflation is low. Its hawkish wing, which worries more about inflation and which has been skeptical of the central bank's responses to financial crisis and recession, accepts that more action might be needed but wants to hold it in reserve for serious threats like recession or deflation.


"If we get some kind of major global disturbance or some kind of problem here in the U.S. and the growth outlook deteriorates sharply, then I think more action could be warranted," James Bullard, a Fed hawk, said in an interview last month.


The activists have tended to win out in many of these debates during Mr. Bernanke's tenure as chairman, though the hawks have helped to restrain the aggressiveness of Fed actions.


Some Fed officials in the middle don't have as high a bar to action as the hawks but are waiting to see if the outlook deteriorates anymore. "I am more leaning toward the view further action would be a response to deteriorating conditions and a deteriorating outlook," Atlanta Fed president Dennis Lockhart said in an interview with Dow Jones Newswires last month.


Officials could decide to wait through the summer to watch the economic data and revise their forecasts before making their next big decision. Many Fed officials want to be deliberate because economic data are hard to read right now. Still, the recent spate of disappointing figures—including feeble job gains and falling factory output, retail spending and consumer confidence--raises the likelihood that a bond-buying program will be discussed when they meet in July.


Bond buying, also known as quantitative easing, would be a controversial move inside and outside the Fed. When the Fed launched a $600 billion program of long-term Treasury bond purchases in 2010, critics assailed it for risking higher inflation and trying to push down the value of the dollar.


Since then, Fed officials have become less concerned that their policies are doing the damage critics warn about. But some have doubts that the policies are doing much good at a time when banks are reluctant to lend and consumers and businesses are wary of borrowing. However, Mr. Bernanke has made clear he believes Fed policies can boost growth.


"Monetary policy still does have some capacity to strengthen the economy by easing financial conditions," he said at his news conference.


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Fri, 07/06/2012 - 15:26 | 2592976 veyron
veyron's picture

Wake me up when QE3 is announced ...

Fri, 07/06/2012 - 15:33 | 2593002 JackT
JackT's picture

You'll have to wake up quick, half-life is down to about 3 minutes. 

Fri, 07/06/2012 - 15:38 | 2593038 francis_sawyer
Fri, 07/06/2012 - 15:42 | 2593059 CClarity
CClarity's picture

More heroin will help you feel better temporarily . . . but doesn't fix the underlying problem of why you "need" the heroin.  

Substitute QE for heroin and growth in economy for you.

Fri, 07/06/2012 - 15:50 | 2593085 idea_hamster
idea_hamster's picture


BTW, peus" is latin for "gold shield" according to google translate -- any classics folks care to comment?

Fri, 07/06/2012 - 15:58 | 2593121 FEDbuster
FEDbuster's picture

QE 3 should be code named "5 Hour Energy", because that may be how long the impact will last.

Fri, 07/06/2012 - 16:13 | 2593167 The Gooch
The Gooch's picture

"Five Hour Green Energy"


Fri, 07/06/2012 - 18:22 | 2593451 Tippoo Sultan
Tippoo Sultan's picture

Hilsenrat. Calls to mind a scene from "The Godfather, Part II:"

Senator Pat Geary: Mr. Cici, was there always a buffer involved?

Willi Cici: A what?

Senator Pat Geary: A buffer. Someone in between you and your possible superiors who passed on to you an actual order?

Willi Cici: Oh yeah, a buffer. The family had a lot of buffers!

Fri, 07/06/2012 - 15:50 | 2593089 NewThor
NewThor's picture

I somehow doubt heroin dealers are as dishonest and scummy as the ones giving out QE3. 

Fri, 07/06/2012 - 15:55 | 2593110 blunderdog
blunderdog's picture

Not intentionally, but they're not real bright.  Some distributor had the brilliant idea to cut his H w/fentanyl about a year ago, killed 12 good customers.

Derp derp.

Fri, 07/06/2012 - 15:59 | 2593127 whstlblwr
whstlblwr's picture

Bernanke, be my bitch, too. Let's take market out of market. Just tell me when to buy IWM, or Apple. The price to buy and the price to sell.

Tell momma on foodstamps so she can open her Etrade account.

Fri, 07/06/2012 - 15:48 | 2593074 spastic_colon
spastic_colon's picture

VIX is's been trying to say something all day (like another weekend rumor is imminent)

Fri, 07/06/2012 - 15:52 | 2593101 J 457
J 457's picture

More like VIX was up all day and then reversed course for no reason (rumor) to close lower.  On no news...

Fri, 07/06/2012 - 15:53 | 2593103 J 457
J 457's picture

More like VIX was up all day and then reversed course for no reason (rumor) to close lower.  On no news...

Fri, 07/06/2012 - 15:49 | 2593080 old naughty
old naughty's picture

"half-life is down to about 3 minutes"

Well, what can you do,

millions sperms can swim up channel;

billions can die with push of a button;

trillion lie-bors can be traded by HFT.

Glorious 3 minutes.

But then, if it goes further down to, say ZERO, what can you wake up to, hedge?

Fri, 07/06/2012 - 15:33 | 2593009 NewThor
NewThor's picture

The FED buying MBS = Big Boost in Hiring

Shaving your dick off with a cheese grater = Good Sex

Drinking Drano = AWESOME FEELING

1984 = Kim Kardashian's booty

Debt = Heaven 

Fri, 07/06/2012 - 15:37 | 2593025 TruthInSunshine
TruthInSunshine's picture

Hilsenrath the Scrivener

by: Herman Melville


Soon, anytime equity indices dropped more than 0.00001%, especially into close, Jon Hilsenrath struck up what soon became his stock rumor to keep the jowels of Wall Street Cronies slobbering: "Market whisper of additional round of QE."

Fri, 07/06/2012 - 16:05 | 2593042 barliman
barliman's picture


You should be able to catch up on your beauty rest ...

The key takeaway

Our Jon Hilsenrath: #Fed Hawks Want To Reserve Action For More Serious Threats - WSJ

I have raised this point before:

Where will the EU Zombies turn IF they get to pick Germany's bones clean?

But this one is new for all of you:

QEEND - How much money will it take to be remotely credible as forestalling the EU/euro freefall?

Answer: Anything less than $ 10 trillion USD is laughable .... but anything more than $ 5 trillion USD will let loose the bond vigilantes on the U.S.


Fri, 07/06/2012 - 15:39 | 2593046 debtor of last ...
debtor of last resort's picture

Kill me when QE3 is announced.

Fri, 07/06/2012 - 16:19 | 2593186 Sockeye
Sockeye's picture

Good news, you live aNother day!

Fri, 07/06/2012 - 20:25 | 2593728 CynicLaureate
CynicLaureate's picture

Good news!  In spite of the tsunami warning, the ocean waves continue to pull back from shore!

Fri, 07/06/2012 - 16:13 | 2593160 Randall Cabot
Randall Cabot's picture

They look like some lame roomerers, especially the first too:

  • Our Jon Hilsenrath: Weak Jobs Data Increase Likelihood Of #Fed Action, But Don't Ensure - WSJ
  • Our Jon Hilsenrath: #Fed Hawks Want To Reserve Action For More Serious Threats - WSJ
  • Fri, 07/06/2012 - 17:06 | 2593282 vast-dom
    vast-dom's picture

    Amazing! Hopium levitation up! Illegal Fed central bank actions, again! 

    Fri, 07/06/2012 - 15:28 | 2592986 GrinandBearit
    GrinandBearit's picture

    Weak.  I'm surprised they couldn't come up with something more juicy.

    Fri, 07/06/2012 - 16:11 | 2593165 Turd Ferguson
    Turd Ferguson's picture

    Spam...but so be it. I can't post pix here.

    Fri, 07/06/2012 - 15:28 | 2592987 dick cheneys ghost
    dick cheneys ghost's picture

    Wake me up when the PetroDollar is dead............

    Fri, 07/06/2012 - 15:39 | 2592988 slaughterer
    slaughterer's picture

    New T-shirt worn by the unemployed: "Will work for QE3."

    Fri, 07/06/2012 - 16:04 | 2593140 roadhazard
    roadhazard's picture

    They might as well ask for a job. QE does not extend to them. It is only stimulus for the big boys to keep partying.

    Fri, 07/06/2012 - 16:19 | 2593187 resurger
    resurger's picture


    Fri, 07/06/2012 - 15:29 | 2592989 It is a bargin ...
    It is a bargin my friend's picture

    You people are sick as

    Fri, 07/06/2012 - 15:29 | 2592990 veyron
    Fri, 07/06/2012 - 15:30 | 2592992 Rich Bagg
    Rich Bagg's picture

    Don't short the stock market.  

    Sat, 07/07/2012 - 18:38 | 2595475 LooseLee
    LooseLee's picture

    Eat shit and die you conformist fascist dreg! A noose awaits you...

    Fri, 07/06/2012 - 15:31 | 2592995 francis_sawyer
    francis_sawyer's picture

    Musta got his tweet in just b4 the sabbath started...

    Fri, 07/06/2012 - 15:35 | 2593019 American34
    American34's picture

    Mr. Durden, you should give the "market" a boost by Tweeting, "New genetically engineered breed of printer cartridges begin breeding like rabbits!"

    Fri, 07/06/2012 - 15:34 | 2593011 Stoploss
    Stoploss's picture


    Fri, 07/06/2012 - 15:34 | 2593012 timbo_em
    timbo_em's picture

    Come on S&P 500! Show me some green figures!

    Fri, 07/06/2012 - 15:34 | 2593015 RobotTrader
    RobotTrader's picture

    Pretty predictable to see this hockey stick turnaround, KRE and XRT have been climbing all day, and VNQ is still pinned at 4-year highs.


    TGT, KSS, JWN, and the usual suspects are leading the way.

    Fri, 07/06/2012 - 15:37 | 2593028 SheepDog-One
    SheepDog-One's picture

    WHOA RoboTarder is back? So what did you do re-open your Widows and Orphans Fund again?


    Fri, 07/06/2012 - 15:55 | 2593112 TruthInSunshine
    TruthInSunshine's picture

    RoboTard has his mom's remaining retirement funds (a very small account that was once much larger and actively managed by RoboTard at that time using Gorilla Trades - as seen on CNBSC) all in Groupon.


    Fri, 07/06/2012 - 18:14 | 2593163 LouisDega
    LouisDega's picture

    Robos back ..Welcome home sensei. 

    Fri, 07/06/2012 - 15:48 | 2593079 GrinandBearit
    GrinandBearit's picture

    Funny how you call things AFTER they happen and then say it was "predictable".


    Fri, 07/06/2012 - 15:52 | 2593102 SheepDog-One
    SheepDog-One's picture

    Classic RoboTarder.

    Fri, 07/06/2012 - 16:20 | 2593192 Agent P
    Agent P's picture

    I equate Classic RobotTrader with pictures of hot chicks.

    Fri, 07/06/2012 - 15:34 | 2593016 SheepDog-One
    SheepDog-One's picture

    Please buy stawks for the weekend! No really, theres still a chance for QE#WHATEVER we promise REALLY!

    Fri, 07/06/2012 - 15:36 | 2593024 SmoothCoolSmoke
    SmoothCoolSmoke's picture


    Fri, 07/06/2012 - 15:37 | 2593035 fonzannoon
    fonzannoon's picture

    How many times do we keep watching equities pulled from the gutter while commodities get left there and keep saying unreal? Paper assets over real assets all day long. fkin bizarro.

    Fri, 07/06/2012 - 15:36 | 2593026 Hype Alert
    Hype Alert's picture

    Insanity: doing the same thing over and over again and expecting different results.
    Albert Einstein

    Fri, 07/06/2012 - 15:37 | 2593029 johngaltfla
    johngaltfla's picture

    The Fed should get the Nobel Science Prize this year. Who else can transmit bullshit via electronic transfer in the volumes that they do?

    Fri, 07/06/2012 - 15:41 | 2593058 TruthInSunshine
    TruthInSunshine's picture

    From Bernank's lips to Hilsenrath's ears to the rumor mill faster than the speed of light.

     Higgs boson is vindicated.

    Fri, 07/06/2012 - 15:49 | 2593083 barliman
    barliman's picture


    ... if a riumor is without mass or substance, it is not affected by the Higgs field ...

    ...therefore ...

    The rumor does not exist.

    Always thought having a God particle would prove useful


    Fri, 07/06/2012 - 15:51 | 2593094 johngaltfla
    johngaltfla's picture

    So what your saying is that Bernank Flatulant is actually the "God Particle." Interesting theory, you should do a paper on it and submit it to the Nobel folks.

    Fri, 07/06/2012 - 16:02 | 2593135 TruthInSunshine
    TruthInSunshine's picture

    I heard that the Nobel Committee has ESP. Maybe they've known about Higgs bosom for a while now and have been time traveling.

    I don't know if that's true, but there are rumors they've predicted the future in passing out awards such as the one for "Peace."

    Fri, 07/06/2012 - 15:37 | 2593033 CreativeDestructor
    CreativeDestructor's picture

    Cuntcuntcuntcuntcuntcuntcuntcuntcuntcuntcunt! Did you get it? No?!
    Ok: cuntcuntcuntcuntcuntcuntcuntcuntcunt

    Fri, 07/06/2012 - 15:40 | 2593048 pleseus
    pleseus's picture

    So he announced nothing new.

    Fri, 07/06/2012 - 15:40 | 2593049 Galactic Superwave
    Galactic Superwave's picture

    Right on time....big down day before weekend and the f**kin rumor mill saves the day in the last hour.

    Got those Algo's trained just like sheep. One of these times, the reward will be to lead them toward the slaughter house.



    Fri, 07/06/2012 - 15:41 | 2593055 optimator
    optimator's picture

    One of these days in ain't gonna work......then what?

    Fri, 07/06/2012 - 15:41 | 2593056 mktfizx
    mktfizx's picture

    No one even buys it anymore.

    Fri, 07/06/2012 - 15:41 | 2593057 i_call_you_my_base
    i_call_you_my_base's picture

    I've seen plenty of headlines about MBSs purchases from big names over the past few months. My assumption has always been that it's for this reason, even the media positions them as buying the "bottom".

    Fri, 07/06/2012 - 15:42 | 2593060 Conman
    Conman's picture

    Why QE when rumors of QE work waaaay better!

    Fri, 07/06/2012 - 15:43 | 2593061 Hype Alert
    Hype Alert's picture

    It's pretty hilarious they are trying to drive people into the market (risky assets) and everything they do simply drives them away.  Until they are all discredited, the games will continue. 

    Can this train wreck go any slower?

    Fri, 07/06/2012 - 15:45 | 2593064 Bansters-in-my-...
    Bansters-in-my- feces's picture

    Hey !!!! Everyone.... The bullion rates for one year lease and 6 month lease rates went retarded

    NEGATIVE -.55 FOR GOLD AND negative -.40for silver for a year lease rate.

    Check out the kitco charts.

    This morning the chart did not match their data so you might miss it if you were not watching close.

    Thats what kitco does.\They are very decietful,and crooked.

    The lease at these prices will just be rolled over and over and the boys in the club will smack gold and silver down good.

    FUCK YOU'S Banker and goverment criminal terrorist...!!!!

    FUCK YOU'S...!~!!!!!!!!!

    Fri, 07/06/2012 - 15:46 | 2593067 Dr. Engali
    Dr. Engali's picture

    Sooner or later the "market" will shrug this shit off and  demand that Ben "show t the money"

    Fri, 07/06/2012 - 15:54 | 2593105 barliman
    barliman's picture


    ... on a low volume day, that market "doesn't need no stinking money" ...

    The algos were freed from financial restraints last year.

    Which is why all they need is a rumor to ramp into the end of today.


    Fri, 07/06/2012 - 15:47 | 2593072 rsnoble
    rsnoble's picture

    Anyone that trades knew this was coming. I posted over an hour ago on ZH that SPY 135 was the low to break and that with no volume I was anticpating the Feds big green candles to start appearing any fucking moment. It's been one after another since.

    There are reasons for this, the biggest is no volume. That's the easiest time to manipulate.

    The other is 'friday'. They hate bad fridays because they want the drones to come home from work and be happy that everything is ok and go spend $ on the weekends.

    This bs happens time after time.  I made 25% on a few calls and bailed. Way too fucking early. I could be doubled by now.

    Fri, 07/06/2012 - 15:52 | 2593098 rsnoble
    rsnoble's picture

    So why am I complaining about making $?  Because I am fucking sick of seeing the blatant manipulation day after day, week after week, month after month.  Anyone that has exp watching live charts 8 hrs a day can see it coming a mile away.

    Despite everything said here, and people saying t/a doesn't work I have news for you: it's the only thing that works and it's entirely predictable.  

    When you see this as often as I have it's like holly shit........we'd be at fucking zero by now if it weren't for this crap.

    Fri, 07/06/2012 - 16:00 | 2593128 barliman
    barliman's picture


    Take heart ...

    "On a long enough timeline, the survival rate for everyone (& everything) drops to zero."

    There is a quarter's worth of profits waiting to be made by the FIRST HFT to break ranks and short the market into a Friday close.

    Temptation isn't really temptation unless you take advantage of it.


    Fri, 07/06/2012 - 16:08 | 2593153 rsnoble
    rsnoble's picture

    Oh I have no doubt, and it will cascade from there and if anyone thinks the fingerpointing has got bad lately just wait.

    Fri, 07/06/2012 - 16:14 | 2593170 barliman
    barliman's picture


    One of my favorite quotes:

    "The M67 fragmentation grenade - When "FUCK YOU" simply isn't getting the point across."

    I don't think Bob Diamond's "FUCK YOU" got the point across this week ...


    Fri, 07/06/2012 - 15:55 | 2593109 rsnoble
    rsnoble's picture

    Just fyi when I said '135 the level to break' it's a little more invovled than that. That doesn't mean go all short at 134.93 lol.  At any rate any good technical trader made a lot of money the last hour.

    Fri, 07/06/2012 - 15:55 | 2593111 GrinandBearit
    GrinandBearit's picture

    And how many "drones" do you think pay attention to the last hour of the stock market?

    6-8 handles up from the low of the day?  Oh Yeah!... now let's go out and buy things!


    Fri, 07/06/2012 - 16:06 | 2593149 rsnoble
    rsnoble's picture

    You're not up with the entire story. No drones pay attention to the last hour. They do watch the news. Fox news.  Knowing that there 401ks aren't crashing, keeps them from getting in a sour mood.

    This is known fact that the markets are used to control moods.

    You also don't know how to read charts or you'd already know all of this.

    They need people to spend all the money they can on the weekends to keep what little is left of the economy sputtering along.

    No more free lessons for you.

    Fri, 07/06/2012 - 16:23 | 2593199 GrinandBearit
    GrinandBearit's picture

    So, you're just figuring this stuff out?  

    The market is still fairly red.  That was my original point.

    I have forgotten lessons that you haven't learned yet.

    Fri, 07/06/2012 - 16:30 | 2593213 francis_sawyer
    francis_sawyer's picture

    Maybe you can joing Simon Black in Gstaad for happy hour...

    Fri, 07/06/2012 - 16:40 | 2593225 J 457
    J 457's picture

    Good technical trader or not, no one knows with certainty what direction the market will move hour by hour. If they did, they sure the hell wouldn't be playing with a ZH chat board on a Friday afternoon.  But good for you if you can make a few bucks in the trading environment.  I'll give you a free lesson- if you keep playing long enough you'll lose. 

    Sat, 07/07/2012 - 12:59 | 2594901 rsnoble
    rsnoble's picture

    Lol, I forgot how many experts are here that know absolutely everything. And plenty of good traders jerk off on chat boards btw it kills the time.


    Fri, 07/06/2012 - 15:49 | 2593073 RobotTrader
    RobotTrader's picture

    It's going to be a another huge party at The Hamptons this weekend after this intraday v-bottom based on yet another hope of the fabled "second half recovery" spawned by 8 consecutive months of sub 2% 10-yr. Treasury Yields.


    Fri, 07/06/2012 - 15:52 | 2593095 GrinandBearit
    GrinandBearit's picture

    Myopic ass clown.

    Fri, 07/06/2012 - 15:58 | 2593122 SheepDog-One
    SheepDog-One's picture

    Remember, Robo makes most of his money blowing bankers at the Hamptons. 

    Fri, 07/06/2012 - 16:02 | 2593134 barliman
    barliman's picture


    Correction ...

    "Robo makes ALL of his money blowing bankers at the Hamptons."


    Fri, 07/06/2012 - 16:03 | 2593137 i_call_you_my_base
    i_call_you_my_base's picture


    Fri, 07/06/2012 - 16:10 | 2593161 barliman
    barliman's picture


    SheepDog-One is misinformed ...

    RobotTrader takes it up the ass for free.

    He believed Hilsenrath's other rumor that Robo was charging MORE for taking it in the ass.


    Fri, 07/06/2012 - 15:56 | 2593115 unununium
    unununium's picture

    That ain't no V, it's a backwards J.  But who's looking.

    Fri, 07/06/2012 - 15:52 | 2593097 johngaltfla
    johngaltfla's picture

    Somebody better run a "buy" program or "rumor" program again to get the ES above 1360 before the close.

    Fri, 07/06/2012 - 15:56 | 2593106 Hype Alert
    Hype Alert's picture

    Remember when Charlie Gasparino would come on right at the end of the day, end of the week and have some BS rumor to announce to pull a stick save of the market?  This shit just gets old.

    Fri, 07/06/2012 - 15:56 | 2593113 TPTB_r_TBTF
    TPTB_r_TBTF's picture

    i canT wait for the Monday open...

    Fri, 07/06/2012 - 16:00 | 2593132 Bam_Man
    Bam_Man's picture

    I'm thinking we'll see a serious "gap and crap" Monday morning.

    Fri, 07/06/2012 - 15:56 | 2593116 RobotTrader
    RobotTrader's picture

    Transports have been trading sideways for 6 months.  Wonder what happens when they finally break out of this trading range?


    Will Richard Russell and Tim Wood issue a buy signal?  Or will they still be touting the "Mother of All Tops" in a secular bear market?

    Fri, 07/06/2012 - 15:58 | 2593123 Conman
    Conman's picture

    hey jack hole can you stick all your "wonder if" msgs in one post. I know you like to read your own drivel but really be considerate.

    Fri, 07/06/2012 - 16:04 | 2593139 SheepDog-One
    SheepDog-One's picture

    RoboTarder do you ever get the feeling no one fucking likes you?

    Fri, 07/06/2012 - 16:48 | 2593251 ZeroAvatar
    ZeroAvatar's picture

    Robotarder: See post, red-arrow down, scroll.  Do not read. MY protocol.  Note: same with MDB, ORI.  Sorry. Stop spamming your website. (TF?)!

    Fri, 07/06/2012 - 15:56 | 2593118 Calidreaming
    Calidreaming's picture

    One day this shit is going to hit the fan and people will be doing swan dives off the buildings again on wall street.

    I will be waiting at the bottom of the street with my hanky to try to catch them.  Maybe not .

    Fri, 07/06/2012 - 16:00 | 2593120 Paul Atreides
    Paul Atreides's picture

    I have a better headline:

    Our Humanity: Interested in locking central bank doors and burning them to the ground

    Fri, 07/06/2012 - 16:01 | 2593124 johnjkiii
    johnjkiii's picture

    I have an algorithm that notifies me when he spews. It covers my shorts & puts me long for 30 minutes. I had to re-program it from 45 mins. a month ago and 3 days at the beginning of 2012. I will be sad to see it go but it can't be helped. Even pavlov couldn't get the dogs to drool over shit.

    Fri, 07/06/2012 - 16:00 | 2593131 Galactic Superwave
    Galactic Superwave's picture

    The Algo's are becoming more and more correlated because they are adapting to the same bullshit.

    This does not bode well when a truly exogenous event happens.

    Their code obviously has damping factors built in, but my experience (with multi million line code base) is that there is no way they could have tested it well enough to handle what is coming.

    Fri, 07/06/2012 - 16:03 | 2593136 RobotTrader
    RobotTrader's picture

    AAPL closes over $600 again.  I guess jobs don't matter, and King World News will be posting 6 more "expert" articles on how the financial system is going to collapse, "any minute now, I swear!!"

    Fri, 07/06/2012 - 16:07 | 2593150 GrinandBearit
    GrinandBearit's picture

    This rap is getting old.  You're nothing more than a parrot.  You also steal/repeat everything that Rasputin says on the other forum. 

    Fri, 07/06/2012 - 16:18 | 2593173 TPTB_r_TBTF
    TPTB_r_TBTF's picture

    the financial system is going to collapse, on a long enough timeline, i swear!!


    the collapse wonT happen "any minute now" because TPTB r TBTF

    Fri, 07/06/2012 - 16:04 | 2593138 Stuart
    Stuart's picture

    It's pretty sad actually.  Really shows what kind of lemmings/muppets are at play in today's market.  Not to mention the disdain and disrespect the market masters have for those lemmings, to knowingly play them like this....     They are the market maker's prey. 

    Fri, 07/06/2012 - 16:04 | 2593141 Hype Alert
    Hype Alert's picture

    Me thinks someone owes Hilsenrath a bottle of Bollinger!  Nice stick save man, nice!

    Fri, 07/06/2012 - 16:05 | 2593146 benbushiii
    benbushiii's picture

    Great, so the FED is going to buy MBSs.  This is after the real-estate market has gotten killed.  People are losing their houses in foreclosure or the newest trick on eminent domain.  But wait if the FED can drive down the cost of mortgages, then the financial community can swoop in and finance all of the distressed real estate at the bottom, then rent the porperties back and higher and higher rents to the people they just stole the houses from.  The only available credit is to the inside elite who were responsible for the original problems, packaged the loans, securitized the loans, then foreclosed on the hapless masses; only to then have the available credit via the FED's printing machine at the end of the day to wind up with the properties at distressed prices.  When will main street figure out that by allowing too big to fail, they will lose everything in the propping up of the Banks?

    Fri, 07/06/2012 - 16:10 | 2593164 Calidreaming
    Calidreaming's picture

    1- Euro has retraced and gone below last works stupid rally    -CHECK





    6-world slowdown and recession in most major countries- CHECK

    of course this all equals a last hour semi rally-   HoW could I have been so stupid?


    Fri, 07/06/2012 - 16:13 | 2593168 TrustWho
    TrustWho's picture

    Manipulation of LIBOR is nothing compared to the HFT algos.

    Just go back to "fat finger" close Thursday week ago through today and compare Asia, Europe and Wall street.

    Why British MPs and FSA wanted to open the door to Pandora's Box over LIBOR manipulation, I have no clue. Maybe, just maybe, some stupid idealist will do the same with the HFT algos, maybe?

    Fri, 07/06/2012 - 16:19 | 2593185 riley martini
    riley martini's picture

     Was Bill Gross right Bill Gross just hasn't made the right bribes yet . The right price and they will dump those toxic (fraud) MBS on the muppets .

    Fri, 07/06/2012 - 16:19 | 2593189 slewie the pi-rat
    slewie the pi-rat's picture


    Fri, 07/06/2012 - 16:29 | 2593212 giggler123
    giggler123's picture

    If we get some kind of major global disturbance or some kind of problem ...   So I read this just as watch Iran fire ballistic missiles.

    Fri, 07/06/2012 - 16:41 | 2593228 yogibear
    yogibear's picture

    Perfect setup!!! Wall Street is forcing Ben Bernanke and the fed's hand to do more QEing. Take down the markets to the point where the dollar trasher, Bernanke and the fed step in to QE.

    Bernanke and the Fed will print until everyone rushes to dump the US dollar, that is until hyperinflation triggers.

    Bernanke already stated if the economic situation worsens he will print. Massively inflate.

    Maybe the Federal can go out with a bang on Dec, 2013, it's 100th year anniversary.


    Fri, 07/06/2012 - 16:42 | 2593229 Flounder
    Flounder's picture

    "Monetary policy still does have some capacity to strengthen the economy by easing financial conditions,"

    "However, Mr. Bernanke has made clear he believes Fed policies can boost growth."

    What a fcking idiot.  Let him push rates to negative infinity.  If the average private sector employee did their job like The Beard and Greenie they'ld be fired or sanctioned.

    Fri, 07/06/2012 - 16:43 | 2593239 zebra
    zebra's picture

    a viagra(QE) a day keeps Dr. Bernanke awake.

    Fri, 07/06/2012 - 16:53 | 2593266 ZeroAvatar
    ZeroAvatar's picture

    .....if we get some kind of major global disturbance....


    Does he know something we don't?

    Fri, 07/06/2012 - 17:32 | 2593349 Darkness
    Darkness's picture

    My gold isn't working for me... someone help

    Fri, 07/06/2012 - 17:37 | 2593368 moldygoat
    moldygoat's picture

    I just hope Barry O tells us when to sell stocks!

    He nailed the Buy call.

    Fri, 07/06/2012 - 18:24 | 2593457 sbenard
    sbenard's picture

    M-m-m-m-more h-h-h-heroin. NOW!

    Do NOT follow this link or you will be banned from the site!