Here Is Why The Futures Are Down

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Tue, 10/18/2011 - 07:07 | 1784408 Cassandra Syndrome
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<------- Bloomberg Headline this evening "Stocks Advance as fears on Eurozone crisis ease"

<------- Bloomberg Headline this evening "Stocks tumble as Eurozone crisis worsens"

Tue, 10/18/2011 - 07:17 | 1784414 NewThor
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Economic collapse or whatever.

my future is up, up, up and away!

God bless everyone.

Except those evil banker fuckers.

Strike those demons down.

Tue, 10/18/2011 - 08:01 | 1784505 whirlybird rules
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If you think Bloomberg sucks, check out the EU/ECB Press Room, uh, I mean Reuters!  E.g., Monday's European opening headline, "Stocks Rising, Euro Stable on G-20 Assurances" (?!?!?!?)

Check out Dylan Ratigan's interview yesterday on MSNBC w William Black et al.  -  there is hope!

Tue, 10/18/2011 - 09:45 | 1784803 DeadFred
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Bloomberg's writers are so lazy they've been recycling those same headlines for months. I propose some news ones that are different and a bit more honest.

"Stocks tumble because we're screwed"

Stocks advanced because we're pretending we're not screwed"

Tue, 10/18/2011 - 07:10 | 1784410 RobotTrader
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Yep, and at the first whiff of trouble, people are dumping commodities and piling right back into paper.

Tue, 10/18/2011 - 07:18 | 1784415 augie
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I cherrish these insights robo... CHERISH them. 

Tue, 10/18/2011 - 07:38 | 1784447 JohnG
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Tue, 10/18/2011 - 07:19 | 1784417 TheFourthStooge-ing
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Yep, and at the first whiff of trouble, people are dumping commodities and piling right back into paper.

I agree with your assessment that such people are frantic, shortsighted fools.


Tue, 10/18/2011 - 08:11 | 1784535 Bastiat009
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They may be "frantic, shortsighted fools," but facts are commodities are being sold off as soon as trouble arises. It may not make sense, but it's happening.

Tue, 10/18/2011 - 08:47 | 1784645 tmosley
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I disagree with the assessment that these are "people" dumping (paper) commodities and moving into other forms of paper.

Tue, 10/18/2011 - 07:19 | 1784420 NewThor
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Don't let the kids get your down, RT.

You're the special sauce antagonist that makes this place fun.


PS. can u keep a secret? I know you're one of the Tylers. 

Tue, 10/18/2011 - 07:24 | 1784427 HelluvaEngineer
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The original Tyler doing Robo commentary was better than this one.

Tue, 10/18/2011 - 08:05 | 1784514 jdelano
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jesus.  can't believe I didn't figure that out for myself.  

Tue, 10/18/2011 - 07:48 | 1784476 Mentaliusanything
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Robo you got a camera in my shitter. I use only AAA rated paper on my Ass

Tue, 10/18/2011 - 08:26 | 1784573 Ricky Bobby
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Robo – here is how paper works. Initially there is a premium for the virtual money paper offers because it does not suffer from the physical erosion of real world forces –Theft, debasement, wear, clipping, counterfeiting ….  The essential ingredient for this to work successfully is confidence and integrity. Wisselbank was formed in 1609 as a 100%  deposit based bank under the idea of free coinage [accept any coin]. They would issue bank money for storing the coins and their notes did have a premium . For awhile the Netherlands economy prospered in good part because of the integrety of the structure. But of course Bankers being Bankers they soon started fucking with the system to make their vig and more, and you know how the story unfolds.


Well the concept was simple and brilliant but subject to so much political intrigue. The sociopaths just can’t keep their paws off it. The derivatives of derivatives of derivatives of the parper empire are so tilted, corrupt, convoluted, and ripe for reset I don’t understand how you can adhere to the status quo. Why don’t you get out on a limb and be creative, join with the forces demanding a system of integrety, because in the end the greatest number of humans will benefit from such  a system.

Tue, 10/18/2011 - 07:17 | 1784413 Fips_OnTheSpot
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I wonder what "catchy" headline bloomberg will feed the algos.. the one for CITI was already awesome

Tue, 10/18/2011 - 08:01 | 1784473 whirlybird rules
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Tue, 10/18/2011 - 07:19 | 1784418 Ronaldo
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They are taking a beating.  Guess this is what the top of the range looks like, bad news to move things back down again.

Tue, 10/18/2011 - 08:08 | 1784517 Bastiat009
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Does anybody know why gold is crashing again and if gold will go under $1000/oz when the eurozone collapses?

I have yet to read a story about the gold crash in relation to the euro crash, and how that will impact trades worldwide.

What will happen to GM and Toyota and BMW and Mercedes are 50% cheaper? What will happen to Tiffany's when Cartier is 50% cheaper? ... 

Tue, 10/18/2011 - 08:12 | 1784539 JohnG
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Gold is crashing because of the 10K or so /GCZ1 sold on the last 20 minutes or so.  Doubt it goes below 1200 but it of course could.

Tue, 10/18/2011 - 08:14 | 1784542 JohnG
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Make that 20K or so....MASSIVE.

Tue, 10/18/2011 - 08:17 | 1784553 Bastiat009
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Let me rephrase my question: why would you dump GCZ1 before the market opens, without wanting a good price for it? Is it because people don't care about losing money? 

Tue, 10/18/2011 - 08:32 | 1784604 JohnG
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To cover older, more expensive shorts, lower.

Tue, 10/18/2011 - 08:06 | 1784521 msmith
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The ES, TNX, and CL have likely put in an important top yesterday.  Intermarket analysis tells us that big moves are likely ahead with risk off being the theme.

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