This page has been archived and commenting is disabled.

Here Is What Happened After The Last Global Coordinated Central Bank Intervention

Tyler Durden's picture




 

Presented with little comment but following the mid-September Global Save, things didn't end so well.

Chart: Bloomberg

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Wed, 11/30/2011 - 10:53 | 1929903 WonderDawg
WonderDawg's picture

I guess that's some consolation, but my fucking face is bleeding this morning.

Wed, 11/30/2011 - 10:56 | 1929933 Pladizow
Pladizow's picture

Would you expect anything else from a rigged casino?

Wed, 11/30/2011 - 11:04 | 1929984 YBNguy
YBNguy's picture

DOWS up big baby!

 

I give you the SHAM-DOW, peddled by over-eager prostitute biting showmen.

 

And the casino does not need to be rigged, 'cause the house wins every time...

Wed, 11/30/2011 - 11:07 | 1930004 Comay Mierda
Comay Mierda's picture

this means a major bank will fail this weekend lol

Wed, 11/30/2011 - 11:09 | 1930013 CPL
CPL's picture

No, worse.

 

Eight large national pension funds are going to be found empty, every country on the list contributing is in trouble.

 

Even Canada.

Wed, 11/30/2011 - 11:12 | 1930024 YBNguy
YBNguy's picture

As for the Fed giving them more funds. I would request the Antikythera mechanism from greece as collateral - oh and a few Islands would be cool too - lets get those 57 states ;)

Wed, 11/30/2011 - 11:13 | 1930032 CPL
CPL's picture

By trouble, I mean BIG Trouble, capital T trouble kind of trouble...the same type of trouble in 2008 when congress printed a trillion to loosen up Libor. 

 

MF Global was the drive shaft for every first world nations pension funds which are tied...can't even finish this.  Good luck to all.

Wed, 11/30/2011 - 11:18 | 1930071 YBNguy
YBNguy's picture

So I fully expect Corzine is chllin with Ken Lay on the Island.

Wed, 11/30/2011 - 11:29 | 1930162 JesusUp
JesusUp's picture

shall we end, this motherfuckin motherfuckery

Wed, 11/30/2011 - 11:38 | 1930239 gmrpeabody
gmrpeabody's picture

I NEVER thought I'd have to say this..., but, Jesus, clean up your language!

Wed, 11/30/2011 - 13:14 | 1930971 TheFourthStooge-ing
TheFourthStooge-ing's picture

Fuck, Peabody, how else can you fucking describe it? Even Aesop and your scrawny little friend Sherman calls it motherfuckery. This ain't no fractured fucking fairy tale.

 

Thu, 12/01/2011 - 17:37 | 1936398 Al Gorerhythm
Al Gorerhythm's picture

I NEVER thought that I'd have to say this...., but, fuck, clean up your blasphemy!

Wed, 11/30/2011 - 11:56 | 1930349 Cast Iron Skillet
Cast Iron Skillet's picture

oh shit, what are we gonna do without a driveshaft?

Wed, 11/30/2011 - 12:53 | 1930847 snakeboat
snakeboat's picture

Printers don't need driveshafts.   Rev baby Rev

Wed, 11/30/2011 - 13:15 | 1930976 TheFourthStooge-ing
TheFourthStooge-ing's picture

The printer's gonna need a truss.

 

Wed, 11/30/2011 - 11:16 | 1930050 GeneMarchbanks
GeneMarchbanks's picture

'Even Canada.'

You make it sound as if Canada is full of bright, savy people. It isn't. I'm sorry you Canadian you.

Wed, 11/30/2011 - 11:29 | 1930164 fonestar
fonestar's picture

We do have lots of sophisticated (smug) people here though!

 

Celine Dion bitchez!

Wed, 11/30/2011 - 11:43 | 1930270 Leopold B. Scotch
Leopold B. Scotch's picture

A nation that created Canadian Bacon and brought us John Candy can't be all that bad.

Wed, 11/30/2011 - 13:01 | 1930909 Jumbotron
Jumbotron's picture

Celine Dion bitchez!

Now that's some funny shit !

Wed, 11/30/2011 - 11:28 | 1930152 fonestar
fonestar's picture

Yes, even me here in Canada!

 

"Liquidity problems" == Global diarrhea

Wed, 11/30/2011 - 12:01 | 1930374 Doña K
Doña K's picture

Diarrhea is hereditary. It runs in your jeans.

I guess it's also contagious and all banks have it now. Hence your equation is correct  

Wed, 11/30/2011 - 11:41 | 1930254 Loose Caboose
Loose Caboose's picture

Even Canada.

Yup.  It's like getting that letter in the mail informing you that you may (probably) have been exposed to a STD.  Not that I would know anything about that first hand *shifty eyes*.

Wed, 11/30/2011 - 13:09 | 1930947 ucsbcanuck
ucsbcanuck's picture

Did you lend money to Santander?

Wed, 11/30/2011 - 16:19 | 1932022 Frosty Gary
Frosty Gary's picture

For the record, CPL just makes up bullshit constantly.

Wed, 11/30/2011 - 11:14 | 1930045 NumberNone
NumberNone's picture

Hell Yeah!  Banks quit lending to each other, financial system getting ready to collapse but the Fed steps up with another couple cases of Dom to keep the party going.  Could there be a better time to party hard in the markets?

Wed, 11/30/2011 - 11:30 | 1930165 my puppy for prez
my puppy for prez's picture

They should serve Prosecco in honor of Italy's implosion/bankster takeover!

Wed, 11/30/2011 - 11:08 | 1930008 The Limerick King
The Limerick King's picture

 

 

To those who think markets are free

You're flirting with insolvency

It's their game, it's their chips

They make highs, they make dips

It's the hallmark of Kleptocracy

Wed, 11/30/2011 - 13:17 | 1930983 TheFourthStooge-ing
TheFourthStooge-ing's picture

I applaud you, your highnesty.

 

Wed, 11/30/2011 - 11:14 | 1930042 TheGameIsRigged
TheGameIsRigged's picture

The levels that these people are willing to sink to is just mind-blowing....

Wed, 11/30/2011 - 11:48 | 1930296 whstlblwr
whstlblwr's picture

On a more cheery note. This bullshit helps Ron Paul win.

Wed, 11/30/2011 - 13:02 | 1930913 Jumbotron
Jumbotron's picture

"On a more cheery note. This bullshit helps Ron Paul win."

*** Warning ***

Crack head posting.

Wed, 11/30/2011 - 10:57 | 1929939 4realmoney
Wed, 11/30/2011 - 10:59 | 1929956 homersimpson
homersimpson's picture

FAZ and I are in pain this morning.. but I know she'll be there tomorrow morning.. or next week to make up for all of this fraudulent banksta work.

Wed, 11/30/2011 - 11:04 | 1929982 CPL
CPL's picture

Just sell,  DO NOT HOLD IT.

 

These aren't stocks.  They are X3 ETF's, thermonuclear weapons grade trading instruments.  Now with the printing that will happen this week you'll lose every penny.  Dump and stay still.  Sometimes you don't have to trade and unfortuantely FAZ is a good way to get your licks in learning how to trade.

Wed, 11/30/2011 - 11:08 | 1930009 i root for that...
i root for that fat jersey governor's picture

agreed. Plus you don't get in fight with crazy people in street - you go around them. Today's market is insane, with PMI and ADP both "better than expected", no need to fight it. we could see 500 points pop easily. 3X ETF is only for day trading, IMO.

Wed, 11/30/2011 - 11:13 | 1930030 gmrpeabody
gmrpeabody's picture

I never touch anything stronger than the DOG.

Wed, 11/30/2011 - 13:12 | 1930494 Raphio
Raphio's picture

Us bitches gotta take our lumps

Wed, 11/30/2011 - 11:14 | 1930036 Captain Kink
Captain Kink's picture

don't hold it. I agree.  know when you're licked and live to fight another day.  USD will be everywhere, and demand for US assets will be higher.  The hedge funds and bots can run this quite far with the Fed Winds at their back.  You'll know when to reestablish the short. 

 

Please note, Cramer said his best long for next year is GLD and his best short is XLF...yikes, Cramer? Cramer?!!!! This has shaken my conviction. I need to rethink everything.

Wed, 11/30/2011 - 11:30 | 1930169 the 300000000th...
the 300000000th percent's picture

Yeah he(Cramer) spun his wheel of "what do i tell them on the show today", and by chance thats where it landed

Wed, 11/30/2011 - 11:36 | 1930220 vato poco
vato poco's picture

Amen. And Amen. Annnnd.....Amen!

Wed, 11/30/2011 - 11:04 | 1929985 midgetrannyporn
midgetrannyporn's picture

Yeah, keep buying options from the bankers to bet against the, er, bankers, that'll teach 'em! LMFAO!!

 

TO THE FAZMOBILE!

Wed, 11/30/2011 - 11:10 | 1930019 homersimpson
homersimpson's picture

Ok I admit.. I had a good laugh with that comment. +1 FAZ share.

Wed, 11/30/2011 - 11:12 | 1930029 jonan
jonan's picture

i feel your pain, i thought we were gonna rock due to yesterdays downgrades =(

Wed, 11/30/2011 - 14:19 | 1931327 tumblemore
tumblemore's picture

it's not a market. it's a rigged mood manipulation mechanism and they thought the same as you. you need to figure out what mood waves they're going to set up and then feed on the edges. guerrilla stylee.

Wed, 11/30/2011 - 11:18 | 1930068 junkyardjack
junkyardjack's picture

Leveraged ETFs are a bitch because once they lose it takes a while for them to get back to their beginning price.  You're likely better off just increasing your position size on a regular ETF.  I always wondered if you could short a leveraged ETF like shorting a Long leveraged ETF that would get the leverage working for you I would think.

Wed, 11/30/2011 - 11:44 | 1930272 dbach
dbach's picture

It would take a miracle for them to get to their beginning price if you've held them for a while and the reason is that they match percentage moves of the underlying. So if you have TZA for example, buy $100 worth:

the russell goes up 3% TZA goes down 9%. Now you have $91.

next day russell goes down 3% TZA goes up 9%. You only have $99.19

So the more the market chops the more screwed you get holding them. The only way holding them works is if you can catch sequential days moving in your direction.

If only we were important enough to our brokers to be able to short both the long and short sides of the 3x ETFs we would make a killing (and risk free!).

Wed, 11/30/2011 - 11:01 | 1929962 TruthInSunshine
TruthInSunshine's picture

Why would anyone (other than those GAMBLING with OPM AUM - and lacking any conscience) choose to subject themselves to the most highly rigged casino in history?

Hold real assets, invest in oneself's skills, and watch the sheeple who still have a hit of hopium left crash, yet again, as the CONfidence scam makes takes another blood transfusion.

Wed, 11/30/2011 - 11:34 | 1930198 SilverIsKing
SilverIsKing's picture

You are able to bet with the house, that's why.

Wed, 11/30/2011 - 12:24 | 1930537 Things that go bump
Things that go bump's picture

In AA we call that enabling.

Wed, 11/30/2011 - 11:01 | 1929964 Ragnar24
Ragnar24's picture

Mine too. and we all knew this would happen... just didn't think it would come before a more significant crash.

Wed, 11/30/2011 - 11:12 | 1930021 Ponzi Unit
Ponzi Unit's picture

How can you trade these markets?

 

Okay, why do you trade these markets?

Wed, 11/30/2011 - 11:17 | 1930057 xcehn
xcehn's picture

BANK RUNS served up hot.

Wed, 11/30/2011 - 11:27 | 1930143 _mak_
_mak_'s picture

Your face?!?! my anus!!!!

Wed, 11/30/2011 - 11:28 | 1930148 Sunset chaser
Sunset chaser's picture

I just added a buttload of deep out the money BAC and MS puts to my portfolio, and I feel much better.

Wed, 11/30/2011 - 10:54 | 1929905 SheepDog-One
SheepDog-One's picture

WHEEEEEE wow what a ride! Something tells me it end like Mr Bonestripper though.

Nothing But Trouble: "Mr. Bonestripper" - YouTube

Wed, 11/30/2011 - 11:08 | 1929954 hedgeless_horseman
hedgeless_horseman's picture

 

 

We're on an express elevator to Hell...going down. 

I am feeling a little sick.

Wed, 11/30/2011 - 11:10 | 1930014 LongBalls
LongBalls's picture

This community is made up of some of the smartest traders out there. We get the most accurate information possible. WHY IN GOD'S NAME DO YOU PEOPLE KEEP PLAYING THIS FOULED UP CASINO GAME? Are you simply addicts? GOLD, SILVER, OIL, CASH. Only after your other provisions are taken care of. There is nothing else you can do. It's either that are keep 5 cigs lit in your mouth, your face glued to the monitor, and sucking down gallons of coffee while placing a new trade every 5 minutes. The game is rigged. The banks win. The money printing will continue untill it does'nt. Trying to time this is suicide.

ABORT.

 

Wed, 11/30/2011 - 11:50 | 1930309 spiral galaxy
spiral galaxy's picture

All true! You may want to add on-line brokers et al to the list as they collect their fee$ getting in & out.  Just 5 roundtrips a week can set you back almost a $100! ....times 52 weeks is some $5000/year!!! So simply NOT trading will net some decent 'profits'.   Then there's the 'sleep' factor........not playing in the rigged casino and I sleep very, very well.  No need to wake in the wee hours to follow the global markets, listen to the CNBC drones, and pain the brain about Greek elections, Italian bonds, ECB, etc., etc.  Bottom line: you're right! Casino! Addicted! Abort!!!  Get out & stay out!  ...and watch your bank account grow!

Wed, 11/30/2011 - 13:54 | 1931179 RockyRacoon
RockyRacoon's picture

The answer to your question, Mr. LongBalls:  Because their only tool is a hammer.   They have no other marketable skills -- and I use the word "skills" delicately.

Wed, 11/30/2011 - 10:54 | 1929910 surf0766
surf0766's picture

The crisis had been decades in the making. One day/ one move will not change the final outcome.

Wed, 11/30/2011 - 11:06 | 1929998 agent default
agent default's picture

The number of zeroes when the inevitable global default happens will certainly be higher than we expected.

Wed, 11/30/2011 - 11:06 | 1929999 Caviar Emptor
Caviar Emptor's picture

According to Biflationary theory, they've only succeeded in making things worse: stoking inflation right as global economies are slowing hard. That's gonna do some job on the real economies everywhere as more layoffs and wage deflation will have to follow to compensate. feeding the vicious cycle

Wed, 11/30/2011 - 13:23 | 1931021 JesusUp
JesusUp's picture

bankers choice

heads I win, tails you lose

send complaints to your local "policymaker"

bwahaha

Wed, 11/30/2011 - 10:54 | 1929920 OpenEyes
OpenEyes's picture

Thank you sir! May I have another?

Wed, 11/30/2011 - 10:55 | 1929926 Zola
Zola's picture

FAIL Bitchezz 

Wed, 11/30/2011 - 10:55 | 1929927 Carlyle Groupie
Carlyle Groupie's picture

Load up on SPXU right now!

Wed, 11/30/2011 - 11:32 | 1930186 DarkestPhoenix
DarkestPhoenix's picture

I like SRTY better, but to each their own.

Wed, 11/30/2011 - 10:55 | 1929929 kito
kito's picture

once again, a guy cant profit from an honest short thanks to centralized monetary control. im beginning to realize its totally pointless to short stocks. they will never allow a collapse

Wed, 11/30/2011 - 11:02 | 1929969 sabra1
sabra1's picture

once the war with iran commences, that'll be the excuse needed for a bank holiday! the MF Global was a test case. money stolen, and all i heard was celente, but where was everyone else who had lost money? weird or what!

bet all those insiders in congress are doing a happy dance at our expense, literally!

Wed, 11/30/2011 - 11:07 | 1930001 Carlyle Groupie
Carlyle Groupie's picture

They don't call them dancing israelis for nothing.

Wed, 11/30/2011 - 11:34 | 1930197 flattrader
flattrader's picture

Celente lost money???

No shit???

BWAHAHAHA!!!

Wed, 11/30/2011 - 11:50 | 1930312 Abiotic Oil
Abiotic Oil's picture

According to Celente, he lost 6 figure$ in his account which was going to be used to pay for his futures contracts in physical. He also lost those futures.

Wed, 11/30/2011 - 19:26 | 1932214 Lord Koos
Lord Koos's picture

He lost a Dec gold contract at a little over $1400 per oz that he was planning to take delivery of in Dec.  He says the trustee offered it to sell it back to him at current price ($1700+) & he told them to fuck off.

Wed, 11/30/2011 - 11:02 | 1929970 SHEEPFUKKER
SHEEPFUKKER's picture

Better to realize late than to never realize.  

Wed, 11/30/2011 - 11:05 | 1929986 Sophist Economicus
Sophist Economicus's picture

I dunno about that.   Most folks short after the 'big' move down happens - piling in at lower and lower reward opportunities.    If one believes that this is a bear market, the time to 'feather in short positions' is now, slowly nibbling at large run ups and then selling into the strength (i.e., stock collapse).    But, that said, shorting is a hard way to make money since most moves in assets are 'up', not 'down'.   If one must be a contrarian, better to play the 'DON'T PASS' line at the craps table - while the odds are in tha casino's favor, the tables tend to trend 'cold' more than 'hot' - leading to nice profits if you know when to leave

Wed, 11/30/2011 - 11:18 | 1930067 Ponzi Unit
Ponzi Unit's picture

...a hard way to make an easy living.

Wed, 11/30/2011 - 12:33 | 1930617 Snidley Whipsnae
Snidley Whipsnae's picture

Hard way? 4, 6 or 8. A hard 2, 3 or 12 is an easy way to pass the bones on IPO.

Wed, 11/30/2011 - 11:24 | 1930119 xcehn
xcehn's picture

They will do whatever it takes to keep the criminal enterprise afloat.  Too bad for them that they suffer from delusions of grandeur.  There's only so much silly putty can take before the water seepage sinks the ship.

Wed, 11/30/2011 - 10:56 | 1929932 stant
stant's picture

blow the whole wad www3 is coming anyway

Wed, 11/30/2011 - 10:57 | 1929940 rumblefish
rumblefish's picture

i wont lie....this hurts....alot. fucking central banker bullshit

 

Wed, 11/30/2011 - 12:08 | 1930421 GMadScientist
GMadScientist's picture

Fear not. The "I'm #1" foam-finger stock rally is nothing but nominal fluff from the debasement before the storm.

Enjoy the pump in metals, average your basis, and save your popcorn for the fireworks to come.

 

Wed, 11/30/2011 - 10:57 | 1929941 midgetrannyporn
midgetrannyporn's picture

When five flipping fed dead heads per day start babbling spew into the msm blowhorn you just know that shit is fked up bad.

Wed, 11/30/2011 - 10:58 | 1929942 GeneMarchbanks
GeneMarchbanks's picture

So what you're saying is this is very bullish until it's extremely clusterfuckish?

Put up the gold chart during that period.

Wed, 11/30/2011 - 11:00 | 1929960 reboot this mofo
reboot this mofo's picture

Were you aware that last Wednesday the Chinese Royalty essentionally foreclosed on the Federal Reserve (the Rothschilds) and the global high finance banking cabal with the biggest lawsuit in modern day history? The game is so over. http://www.rumormillnews.com/pdfs/11%20civ%208500%20Keenan%20Complaint.pdf

I have been following this case for a year and familar with people involved. This is the real deal.

114 pages. Read it. You will think it's a Tom Claney novel. It's not.

And then it will explain the EU issues, and today's move.

Today's "coordinated" liquidity program, IMO, is just throwing farts against the wind.

End-game (for them), bizarches!

 

 

Wed, 11/30/2011 - 11:03 | 1929979 GeneMarchbanks
GeneMarchbanks's picture

Hyperbole. Although I suppose I should read it first...

Wed, 11/30/2011 - 11:05 | 1929989 Carlyle Groupie
Carlyle Groupie's picture

Who is the presiding judge for the kangaroo court? Judy?

<--- This is my curious look.

Wed, 11/30/2011 - 12:09 | 1930436 GMadScientist
GMadScientist's picture

Wapner (kick it old-school).

Wed, 11/30/2011 - 11:10 | 1930016 c'mon man
c&#039;mon man's picture

Do you have the Cliff Notes version for us slow campers??

Wed, 11/30/2011 - 11:27 | 1930140 xcehn
xcehn's picture

We're fucked.

Wed, 11/30/2011 - 11:31 | 1930173 c'mon man
c&#039;mon man's picture

Got it...thanks xcehn!...

Wed, 11/30/2011 - 11:27 | 1930147 kylebassfan
kylebassfan's picture

I'm having a tough time reading and understanding the law suit. What's this about?  Care to provide a quick summary?

Wed, 11/30/2011 - 11:41 | 1930255 my puppy for prez
my puppy for prez's picture

Is this the Benjamin Fulford saga?

Wed, 11/30/2011 - 13:38 | 1931101 DCFusor
DCFusor's picture

Well, I read it.  I'm no lawyer, but I play one on Grokaw.net.

 

Short summary - someone wants to sue a whole bunch of people and principalities for about a zillion dollars - a good fraction of the global GDP, in a US jurisdiction, over unclear and indefinate actions by them since about the last WW.

A:  No one has ever won something like this, ever.

B: No one has ever won anywhere near this much money over anything, ever.

C:  See SCO vs world on groklaw for an example.  Go long lawyers, they'll be busy with this for a decade if it's not just thrown out for no jurisdiction (I can't think of a court that would actually HAVE jurisdiction to hear something this broad).  And in the end, it won't be settled, and the lawyers will retire rich - if it even lasts past the first judicial review, which it most likely won't.

Pure posturing by someone - look for that angle and the info might be useful.  In the meanwhile, I'll take the other sides of this bet all day long at any reasonable odds.

You don't pull this kind of thing without warships and so on - you can make the other party lose that much, but you don't collect - it's all flames and smoke by then.  This is for some kind of show.

 

 

Wed, 11/30/2011 - 16:47 | 1932194 mkkby
mkkby's picture

Thanks for the summary.  When you are essentially the only creditor nation in a world of profligate imbeciles, and you have everyone's productive capacity under your thumb... suddenly warships become so many floating tinker toys.  Certainly there is a chess game going on, and our side forfeited a few pieces before the opening move.

Wed, 11/30/2011 - 17:02 | 1932228 Lord Koos
Lord Koos's picture

It has something to do with this hushed-up story from 2009:

http://www.marketskeptics.com/2009/06/italy-seizes-135-billion-treasury-bonds.html

 

"Italy's financial police (Guardia italiana di Finanza) has seized US bonds worth US 134.5 billion from two Japanese nationals at Chiasso (40 km from Milan) on the border between Italy and Switzerland. They include 249 US Federal Reserve bonds worth US$ 500 million each, plus ten Kennedy bonds and other US government securities worth a billion dollar each. 


The question now is whether the bonds are real or counterfeit"

 

Wed, 11/30/2011 - 19:35 | 1933052 Lord Koos
Lord Koos's picture

More speculation on the the bonds: 

http://www.asianews.it/index.php?l=en&art=15456&size=A

http://www.asianews.it/news-en/Everything-suggests-that-the-American-bonds-seized-at-Chiasso-are-real-15648.html

if these guys were acting officially for Japan, why didn't they have diplomatic immunity?  Why were they searched in the first place?  

A fascinating case, and a rare (accidental) glimpse behind the curtain.  This shit was hushed up fast and no Americam media reported on the story except for Bloomberg, who seemed to provided cover and disinformation for the US.

Wed, 11/30/2011 - 23:01 | 1933659 StychoKiller
StychoKiller's picture

Dragon Family, Kuomintang, Japanese...I'll speculate on either a Chinese Triad (perhaps the Chinese Govt itself!) or Yakuza -- take yer pick!

Fri, 12/02/2011 - 08:32 | 1937791 Ned Zeppelin
Ned Zeppelin's picture

Just started reading it, and it certainly pleads like a legit case.  But, it is insane.  This should be the subject of a ZH article in and of itself if true.  It's so outrageous I can't say that it is, but time will tell.

I am a lawyer, have been for 30 years, do mostly real estate and finance, but one "tell" on these things is to check out the law firm and the partner's name on the case. To me, so far, they check out as legit, not a shop full of insane ambulance chasers. Mulligan the lawyer is a former Rogers & Wells (Wall Street) lawyer.  He's a mature practitioner - the real deal .  These guys don't file baseless allegations. 

Just my $.02.  Wild.

 

Wed, 11/30/2011 - 11:02 | 1929972 Caviar Emptor
Caviar Emptor's picture

 The Institute For Biflationary Economic Studies would like to bring to your attention some important data points from today's release: 

-Revised Unit Labor Costs decreased by a huge -2.5% at the same time as the ADP report an increase in 206K jobs. 

Translated: Wage Deflation is now rip roaring. There is some jobs growth, but at a markedly lower cost structure and we can also guess, with far fewer benefits. 

-WTI cracks $100, and food inflation stands north of 6% in the US. As reported earlier, gasoline pump prices hit all-time US records for the month of October and the week of Thanksgiving. 

Thank you for your attention and as always, Lotsa Luck

Wed, 11/30/2011 - 11:26 | 1930128 Cone of Uncertainty
Cone of Uncertainty's picture

Don't forget that productivity was down also.

We are hiring more dumb workers, who are less efficient, for less money.

Sounds about right.

Wed, 11/30/2011 - 11:35 | 1930204 Caviar Emptor
Caviar Emptor's picture

You don't quite get it: it's not that they produce more, it's just that they cost less. That's what they mean

Wed, 11/30/2011 - 12:16 | 1930480 GMadScientist
GMadScientist's picture

Just another point on the linear interpolation between the 60s and modern China for the ole US of A.

Wed, 11/30/2011 - 12:14 | 1930472 GMadScientist
GMadScientist's picture

Should've been the Bontemps Research Institute for Binflationary Economic Studies.

Don't worry, all those barristas will engorge their unsecured cards and mortgage houses they don't qualify for anymore, you betcha.

Can someone chip in money for gas to get me to work? I'll pay you back Friday. At least I'm not deployed in Tehran.

Wed, 11/30/2011 - 16:51 | 1932223 mkkby
mkkby's picture

Elderly retail greeters for the 10pm to 8am shift, plus extra security to watch over the $1 towel display.

Wed, 11/30/2011 - 11:03 | 1929976 Temporalist
Temporalist's picture

YAY!!!  All news is postive today!

 

"Everything's coming up Milhouse!"

http://www.youtube.com/watch?v=1-q1oPJ46R4

 

Wed, 11/30/2011 - 11:06 | 1929993 Paper CRUSHer
Paper CRUSHer's picture

Technically speakin' this rally may have a few legs as a short term $usd reverse head 'n shoulders pattern has formed.

Wed, 11/30/2011 - 13:23 | 1931019 TheFourthStooge-ing
TheFourthStooge-ing's picture

It has legs, alright - bankers' middle legs up everyone's ass.

 

Wed, 11/30/2011 - 11:08 | 1929994 Paper CRUSHer
Paper CRUSHer's picture

duplicate del.

Wed, 11/30/2011 - 11:06 | 1929997 DarkestPhoenix
DarkestPhoenix's picture

At least I finally got some TVIX at my price point.  Other than that, nothing like seeing all my profits disappear in one day.

*except my stack...still as shiny as ever! 

Wed, 11/30/2011 - 11:16 | 1930000 lizzy36
lizzy36's picture

Even i have morning wood, after this incredible morning of awesome news.

Christmas came early my friends.

Everything is solved. 

Nothing desperate here.

Wed, 11/30/2011 - 12:16 | 1930488 GMadScientist
GMadScientist's picture

Miscounted our Xanax this morning? ;)

Wed, 11/30/2011 - 11:09 | 1930012 The Deleuzian
The Deleuzian's picture

That was Sept (bad month)...This is freakin' Santa Claus...I would bet 2:1 that this thing lasts atleast until the middle of Jan 12'.....IMHO

Wed, 11/30/2011 - 11:10 | 1930015 I am a Man I am...
I am a Man I am Forty's picture

This is why you buy quality stocks when the market takes a hit.  Bought a bunch when the market was below 11,000, and will buy nothing until goes back down even lower than that again.  Meanwhile, will collect dividends.

Wed, 11/30/2011 - 11:12 | 1930026 ZippyBananaPants
ZippyBananaPants's picture

BAC going under $5, just look at the one minute chart, it is like there is a big magnet pulling it down, Buffet and his 80 year old 4 inch ball sack trying to push it up.

Wed, 11/30/2011 - 11:12 | 1930027 TradingJoe
TradingJoe's picture

Ride it and ride it well, take the profits and buy physical and leave the "coments" to the talking heads!

Wed, 11/30/2011 - 11:16 | 1930033 vast-dom
vast-dom's picture

 

 

 

NO SHIT.

GOT FUCK?

 

I'mma fire up a hopium rock.

Wed, 11/30/2011 - 11:14 | 1930038 Cone of Uncertainty
Cone of Uncertainty's picture

Upvote if you plan on fading the living fucking shit out of this rally.

Wed, 11/30/2011 - 11:23 | 1930081 hedgeless_horseman
hedgeless_horseman's picture

Upvote if you plan on getting paid daily and exchanging your cash for goods.

Wed, 11/30/2011 - 11:28 | 1930137 GeneMarchbanks
GeneMarchbanks's picture

Nice.

Upvote if your trading record is close to or similar regardless of whether or not you've consumed hallucinogens.

Wed, 11/30/2011 - 11:14 | 1930043 4shzl
4shzl's picture

You were warned.  Whenever the little monkey in the bow tie starts pounding the table, head in the opposite direction:

The price of gold is due for a correction and this could be used as an entry point by investors eager to get exposure to the precious metal, while the dollar is likely to strengthen as there has been too much pessimism about it, famous investor Jim Rogers told CNBC Tuesday.

http://www.cnbc.com/id/45472311

This clown's a perfect contrary indicator.  Fade him. ALWAYS.

Wed, 11/30/2011 - 11:16 | 1930051 adr
adr's picture

I am having a really hard time reconciling the real data I know to be true with this complete garbage coming from the press. I just heard from my buyer that chain wide sales were down 14%vs last year last weekend. My wife says that her retail store didn't come cloe to last year and they discussed on a conference call yesterday that sales were dissapointing nationwide.

The first people to really find out the reality of the economy are the managers on the ground. They report the terrible sales to the higher ups and the highers figure out ways to massage terrible data into positive news.

The better the published report, the worse it is in reality.

Wed, 11/30/2011 - 11:51 | 1930319 Randall Cabot
Randall Cabot's picture

Just do the opposite of what Art Cashin says and don't even look at the real data.

Wed, 11/30/2011 - 12:42 | 1930719 Snidley Whipsnae
Snidley Whipsnae's picture

I don't believe the term 'real data' is an apt description of the numbers that we are seeing.

How about we substitute 'garbage data'?

Wed, 11/30/2011 - 11:17 | 1930055 LookingWithAmazement
LookingWithAmazement's picture

This time is different.

Wed, 11/30/2011 - 13:24 | 1931029 TheFourthStooge-ing
TheFourthStooge-ing's picture

No it's not - you're still trolling.

 

Wed, 11/30/2011 - 11:17 | 1930056 Grizzly
Grizzly's picture

Yikes.   More FAZ more SPXU. F*uck it....

Wed, 11/30/2011 - 11:20 | 1930083 Amused2Death
Amused2Death's picture

The system is rigged, they're creating liquidity indirectly by slaughtering the bulls, then the shorts, they rinse and repeat.  No way to time it, no way to outsmart it, the casino is run for the benefit of the whales, don't get suckered into this circus...

Wed, 11/30/2011 - 11:22 | 1930099 razorthin
razorthin's picture

Keep moving up your open short stop orders.  The reward/risk is getting sweeeeeeeet!

Wed, 11/30/2011 - 11:23 | 1930108 icculus
icculus's picture

It's all a Joohdi mind trick!!!!

Wed, 11/30/2011 - 11:24 | 1930120 dcb
dcb's picture

i posted on this site my entry targets, can't say I didn't tell you. although I admit I expected a drop down on the overnight, with a new entry point. the big boys were reading the charts, and decided to do something at that resistance line. what a crock.  the gap today is insane, and any real trading system would tak a big hunk of profits on the overnight aznd rebuy lower towards baseline. but I am rather sure the big boys are trading in all markets and are coordinating trading. (ie. goldman europ, asia, us) etc.  when you get 2% profits overnight y0u take them in any real trading system (not this hft front running algo one though

Wed, 11/30/2011 - 11:25 | 1930124 mess nonster
mess nonster's picture

What part of "triple leveraged ETF" doesn't sound bad? I have noticed that they sell these "energy drinks" in convenience stores. The cans are emblazoned with skulls, and yet, people think something with A SKULL on it is good to drink.

We have lost not only our symbolism literacy, but also our complete understanding of plain English (due to total immersion in Newspeak, I suppose).

You invested in a triple-leveraged exchange traded fund, (run by the largest criminal banks) and are surprised when you lost everything????

I have no sympathy for you at all.

Wed, 11/30/2011 - 23:07 | 1933676 StychoKiller
StychoKiller's picture

Before the poison control center came up with "Mr. Yuck", they asked children "WHY are you drinking/eating things with skulls/crossbones on them?"  The response:  "Because it's pirate food."

So, now you know (and knowing is half the battle!) :>D

Wed, 11/30/2011 - 11:26 | 1930130 DavidC
DavidC's picture

Well, the only thought that's been going round and round in my mind is just how desperate are they if they're trying this now?

DavidC

Wed, 11/30/2011 - 11:54 | 1930341 Randall Cabot
Randall Cabot's picture

They're desperate, very, very desperate. But just do the opposite of what Art Cashin says.

Wed, 11/30/2011 - 11:26 | 1930133 razorthin
razorthin's picture

A little TA clue that this is a sucker's rally.  That candle on 11/25 was NOT a reversing candle.  You NEVER get a sustained trend reversal without one.

Wed, 11/30/2011 - 11:27 | 1930144 Temporalist
Temporalist's picture

Seriously....the financial reporters can actually say bullshit like "Fears of the global recession easing" on one day of fucking news and a turkey baster full of hot liquidity being jammed up the markets' ass to save it?

 

This is going to last till Fri.

Wed, 11/30/2011 - 11:29 | 1930145 undercover brother
undercover brother's picture

anyone who shorts a market rigged to go up for more than a quick trade gets what they deserve....run over.     I realize ZH is a tell it like it is website and that's fine because we all need some reality, but since when has reality had anything to do with market action?  maybe before 1987 was the last time.   today's markets are underpinned by one intervention after another and a compliant "PPT" designed to float markets and economies indefinitely that should be bankrupt and there is nothing anyone can about it short of a full scale revolution.  until then short for scalps, buy for swings.  

Wed, 11/30/2011 - 11:31 | 1930180 razorthin
razorthin's picture

Very true.  And rarely are we presented with such imminent tasty shorting morsels as these ridiculous gaps.

Wed, 11/30/2011 - 11:28 | 1930155 c'mon man
c&#039;mon man's picture

Unrelated to this board...How does DrudgeReport not have a ZeroHedge link on their page??

Wed, 11/30/2011 - 12:47 | 1930767 MarketWatchTerrorist
MarketWatchTerrorist's picture

The last thing we need is Drudge flooding this site with his statist, warmongering, imbecilic Neocon reader base.  If you want every article posted here to have 2,000 posts within 20 minutes, all of which essentially read either

 

"DEY HATE US CUZ WE FREE, 9/11 NEVAR FORGET, BOMB IRAN!!!11!1!1"

 

or

 

"Kill those hippy Occupy Fleabaggers.  I never needed me no welfare no how.  I spent 20 years in the Army then worked for the Postal Service for 20 years and I got me 2 pensions.  I hate the liberal Obama government.  But I sure hope the liberal Obama government sends out its riot police to crack the skulls of those worthless young people that can't even get jobs lol.  And god help you if you try to cut into my multiple federal pensions."

...

then yea, we need Drudge Report linking to Zero Hedge.  Already Mike Church is mentioning Zero Hedge on his radio show, which will bring an influx of retards the likes of which you have never seen.  Feels kinda like when 4 Chan got too popular and was utterly destroyed by all the "newfags", as they call them on that site.   Zero Hedge is mighty close to falling victim to its own success.

 

On a similar note, I've noticed Market Watch has started linking to "off brand" blog type posts now for "outside take" style commentary (even those talking up the virtues of physical metals or decrying the fraud in the markets).  I think there is a direct correlation between the drastic rise in the popularity of Zero Hedge and the bigger MSM financial sites changing their content strategies.  Few informed people trust the MSM at this point and the alternative media industry is booming.  The MSM has to either adapt, or lose its relevance among anyone other than the mindless sheeple.

Wed, 11/30/2011 - 11:34 | 1930182 Shizzmoney
Shizzmoney's picture

-Revised Unit Labor Costs decreased by a huge -2.5% at the same time as the ADP report an increase in 206K jobs. 

Translated: Wage Deflation is now rip roaring. There is some jobs growth, but at a markedly lower cost structure and we can also guess, with far fewer benefits. 

Exactly.  Today's data and DOW uptick is like celebrating on the sidelines with a Gatorade bath after a touchdown...and your team is down 42-7 in the 4th quarter.

How does DrudgeReport not have a ZeroHedge link on their page??

Fascists generally don't want the public informed (and when they do, it is on THEIR terms).  Now, I like some of the spirit of Drudge, but it really is nothing more than a Republican propaganda bullhorn.  It's not the solid alternative news with hard data and analysis that you get on sites like here, AlterNet, etc.

Wed, 11/30/2011 - 12:50 | 1930821 MarketWatchTerrorist
MarketWatchTerrorist's picture

Drudge's readership has neither the education nor the inclination to learn required to make any use of most Zero Hedge content.  Those people need to be spoon fed information in a nice preprocessed form via the MSM.  Drudge merely uses propaganda techniques to splice together the content of other sites into a narrative that supports the neocon agenda.

Wed, 11/30/2011 - 11:33 | 1930193 DavidJ
DavidJ's picture

I think the TPTB can keep a major decline off this year.  Next year, 2012, is when the major economic decline happens.   It will be tough for the masses.  Sad!

Wed, 11/30/2011 - 11:37 | 1930225 Shizzmoney
Shizzmoney's picture

We're all gonna LOL on ZH when mass layoffs/continued fat cutting resumes in March of next year by corporations.

Gotta get those shareholders their piece before the end of fiscal April, 2012

Wed, 11/30/2011 - 11:33 | 1930195 kralizec
kralizec's picture

DOW up 408 and volume is double the norm...suckers have been found, it'll be a good Christmas for some brokers...

Wed, 11/30/2011 - 11:37 | 1930231 razorthin
razorthin's picture

What is the spot crude price now, ye underemployed populace?  Doth ye cheer as well?

Wed, 11/30/2011 - 11:39 | 1930241 Tense INDIAN
Tense INDIAN's picture

and with the dollar resting on this suppor channel line , it has high chances of rising after some dancing on that line ....and then Stocks ill get SLAPPED down::

 

http://markettechnicals-jonak.blogspot.com/

Wed, 11/30/2011 - 12:02 | 1930377 pmcgoohan
pmcgoohan's picture

EURUSD up 1%

HYG up 1.5%

SPY up 3.5%!!

ES is overdone for today at least.

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