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With Just 2 Hours Left Until "The Announcement", Here Is A Complete Summary Of What Everyone On Wall Street Expects

Tyler Durden's picture




 

With just over 2 hours left until 2:15 pm, the time to place your bets (and if one trades with other people's money, bet big: after all we are sure to see a surge in "Rogue Traders" into this Fed announcement as many blow up once the embargo is lifted), is rapidly approaching. To help our readers out, here is a complete summary of what all the key Wall Street analysts believe will happen today. Handicap as you will.

Courtesy of Bloomberg:

  • Bank of Countrywide Lynch: Purchases likely concentrated in 7- to 10-yr sector
  • Barclays: Fed likely to sell $440b of securities maturing in 1-4 yrs, buy $660b in the 5.5- to 30-yr sectors; Recommendations to short 3-yr on the curve and underweight OTR 10-yr were closed in Sept. 15 note
  • Credit Suisse: Expects $360b operation; sees 86% of purchases in the 4- to 10-yr sector
  • Deutsche Bank: Buying likely to be concentrated in 7- to 10-yr sector; Fed has limited ability to buy longer-maturity paper
  • FTN: Baseline expectation is $300b of sales of debt maturing in 0.5 to 2.5 years, reinvestment concentrated in 8- to 30-yr debt
  • Goldman Sachs: Fed will concentrate purchases in 7- to 10-yr sector
  • Morgan Stanley: Fed likely to sell all 0- to 2-yr debt, buy the 8- to 10-yr and 30-yr sectors
  • Nomura: Balance sheet expansion preferable to “disruptive” front-end sales
  • RBC: Fed to buy ~$225b, mainly in the 7- to 10-yr sector, sell in the 1.5- to 3-yr sector
  • RBS: Revised view calls for Fed to buy $135b or $200b in the 27-yr and longer sector
  • UBS: Fed can focus on reinvesting cash flows, buy 10- to 20-yr sector
 

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Wed, 09/21/2011 - 12:12 | 1692728 wang (not verified)
wang's picture

New Perry ad for what it is worth e.g. 0 (zero)

http://www.youtube.com/watch?v=8EL5Atp_vF0

Wed, 09/21/2011 - 12:14 | 1692752 CPL
CPL's picture

Fuck all the animals offered at the US best in political show.  Like picking a horse at a glue factory and expecting that the horse will run.

 

Seriously stuffed animals would promote more effective change at this point.

Wed, 09/21/2011 - 12:17 | 1692766 JSD
JSD's picture

Pick the horse that's acting the craziest; it may not run, but you'll have a nice stash of Krazy Glue.

Wed, 09/21/2011 - 12:17 | 1692768 Spitzer
Spitzer's picture

FYI

The USD is fundamentally the worst currency out of the big 3.
Yen-trade surplus, creditor nation

Euro-trade neutral , net creditor

Wed, 09/21/2011 - 12:32 | 1692857 trembo slice
trembo slice's picture

agreed.  we just benefit from having the world reserve currency.  we can export inflation.  when those dollars make their way home... we will be fucked.

Wed, 09/21/2011 - 13:01 | 1693037 Ahmeexnal
Ahmeexnal's picture

You have to take into account other issues.

Japan: about to fall into the (radioactive) sea.

Europe: about to engulf in it's ritualistic cyclic brutal intrawar

 

Smart money will soon buy CHF and rubles while dumping euros.  Many already have.

Wed, 09/21/2011 - 13:47 | 1693336 trembo slice
trembo slice's picture

Smart money dumped the swiss franc the moment they pegged it to the euro.  Smart money is in gold and silver... although gold is the safer play.  The USA is already engulfed in war in the Middle East, and if it starts to go down in Europe you better believe we'll throw our dick on the table.

 

Wed, 09/21/2011 - 12:41 | 1692917 LongBallsShortBrains
LongBallsShortBrains's picture

Seriously stuffed animals would promote more effective change at this point.

 

Or

Seriously, stuffed animals would promote more effective change at this point.

 

If you mean the first, I don't think it matters whether the animals are seriously stuffed or just stuffed. You would be right either way.

If you mean the 2nd, I took you seriously.

Wed, 09/21/2011 - 12:44 | 1692930 Don Birnam
Don Birnam's picture

Need we really ask what the 'Street-obeisant Ben S. Bernanke's move will be ? The Giant Squid has already divined ( read: prescribed ) the outcome.

So let it be written, so shall it be done.

http://3.bp.blogspot.com/--4qonI5wubc/TlzgerR-PUI/AAAAAAAAVRA/MPjwJ2p1dO...

Wed, 09/21/2011 - 12:19 | 1692779 g speed
g speed's picture

puke

Wed, 09/21/2011 - 12:34 | 1692867 OOONONO
OOONONO's picture

Bank of Cunt Tree Wide - Lynch ...  yah, total puke

Wed, 09/21/2011 - 12:35 | 1692870 Bicycle Repairman
Bicycle Repairman's picture

Parry has good hair.  Better than Romney's.  So double plus good.

Wed, 09/21/2011 - 12:55 | 1692996 TheLooza
TheLooza's picture

noticed that.  but then I saw his wife and was shocked a I was expecting a pretty trophy wife.

 

Someone dipped his wife in acid robo-cop style.

 

http://www.youtube.com/watch?v=4MVolQGvRe8

Wed, 09/21/2011 - 13:12 | 1693104 nyse
nyse's picture

+1 Funny points

p.s., I, too, like turtles.

Wed, 09/21/2011 - 12:16 | 1692733 TruthInSunshine
TruthInSunshine's picture

...and if one trades with other people's money, bet big..

 

Aha! The keys to the kingdom are right there!

Even though the surest way to make a small fortune in the equity market casino is to start with a large fortune, it's no sweat off your sack if you're using OPM.

Other Peoples' Money (mainly taxpayer and 401(k)/Pension/ERISA sheeple money) is what has drives the fractional reserve banking, centrally planned, heavily subsidized (picking winners and losers), 'developed' economies.

Throw in leverage on bets of 30 or as much as 1,300, with an express or implied taxpayer backstop guarantee against losses, and BOOM, BABY, BOOM!

Wed, 09/21/2011 - 12:17 | 1692763 scatterbrains
scatterbrains's picture

which is not to say your sack wont sweat if your using OPP

Wed, 09/21/2011 - 12:46 | 1692942 LongBallsShortBrains
LongBallsShortBrains's picture

If You Owe The Bank A Million Dollars and cant pay,  then you're In trouble

 

But If You Owe The Bank A Billion.......  

 

The taxpayers are in trouble!

Wed, 09/21/2011 - 12:51 | 1692981 Herd Redirectio...
Herd Redirection Committee's picture

Used to be:  The bank is in trouble!  Yep, times sure have changed.  In that, somehow the bankers put the taxpayers on the hook for all the banker's bad bets and we still haven't even noticed!  Imagine if there was real mark to market accounting and no bailouts, what the price of real estate would be today.  40% less?  50%?

Wed, 09/21/2011 - 12:16 | 1692744 SheepDog-One
SheepDog-One's picture

Bunch of 'FED will buy bonds' (monetizing the debt) talk? BO-RING! Thats not QE3, sorry. And also, its illegal, and TREASON I might add.

Wheres the talk of pallets of free money air-dropped over Wall St in the trillions, which has already been baked-in about 30 times over?

Wed, 09/21/2011 - 12:14 | 1692745 Gold Man-Sacks
Gold Man-Sacks's picture

Clear as mud.

Wed, 09/21/2011 - 12:14 | 1692746 Gold Man-Sacks
Gold Man-Sacks's picture

Clear as mud.

Wed, 09/21/2011 - 12:14 | 1692747 Irish66
Irish66's picture

feeling contemptuous

Wed, 09/21/2011 - 12:14 | 1692748 4shzl
4shzl's picture

Sold seven figures of long Treasuries into this morning's "buy the rumor" rally.  If the monkeys in Marriner Eccles Building come out with a 1.5% target for the 10-year, I'll be crying in my beer tonight.  Otherwise, I expect the market will sell the news.

Wed, 09/21/2011 - 12:48 | 1692959 LongBallsShortBrains
LongBallsShortBrains's picture

 

 

Nice!

 

The monkeys might push it a little.    But it wont last.

 

Long Balls

Wed, 09/21/2011 - 12:14 | 1692749 spiral_eyes
Wed, 09/21/2011 - 12:14 | 1692750 Strider52
Strider52's picture

I bet that Bernanke will release some words, mostly formed into sentences, that the Fed will "do something when appropriate".

Wed, 09/21/2011 - 12:27 | 1692822 Nascent_Variable
Nascent_Variable's picture

Bernanke must announce a full, public audit of the Fed, endorse the gold standard, resign as chairman, apologize for a century of thievery and villainy, then put his head between his legs and kiss his own ass.

Nothing less would be acceptable.

Wed, 09/21/2011 - 12:51 | 1692976 Henry Chinaski
Henry Chinaski's picture

Fix bayonets!

Everyone knows that's all you can do once you are out of bullets.

Wed, 09/21/2011 - 12:14 | 1692751 Robslob
Robslob's picture

So the Fed must have promised all these "member" banks the above lsited...now that's what I call accommodation!

Wed, 09/21/2011 - 12:14 | 1692753 Henry Chinaski
Henry Chinaski's picture

Learn Ben's weird old trick to fix the economy.

Wed, 09/21/2011 - 12:15 | 1692757 mayhem_korner
mayhem_korner's picture

Seems like the memo has been sufficiently circulated.

If Ben meets expectations exactly, will that be the biggest surprise (ala Rock-Paper-Scissors)?

Wed, 09/21/2011 - 12:19 | 1692776 SheepDog-One
SheepDog-One's picture

What surprise? Up until this week, 'QE3' was to be $3 trillion dollars for stocks...now QE3 is rolling over some bond rates? This is not QE3 people, Im sorry it falls far short, this is pathetic.

Wed, 09/21/2011 - 13:37 | 1693290 Spastica Rex
Spastica Rex's picture

Whatever it is, it's QE3 if we only believe it is. Big Brother is there for us, we must be there for him.

Wed, 09/21/2011 - 12:16 | 1692758 Alvaro de Esteban
Alvaro de Esteban's picture

The sudden EURUSD movement makes me think that  a little more than twist will happen

Wed, 09/21/2011 - 12:16 | 1692759 Cassandra Syndrome
Cassandra Syndrome's picture

SOCGEN: We're Fucked

Wed, 09/21/2011 - 12:16 | 1692760 Mugatu
Mugatu's picture

Best way to make money on the stock market is as follows:

Go short before every Obama speech

 

The market starts falling as soon as his lips start moving!  Its better than trading the QE effect.

Wed, 09/21/2011 - 12:16 | 1692762 Nate H
Nate H's picture

so if the do any/all of those activities, all it does is keep rates low, which is necessary for recovery but not sufficient. If they jubilee some mortgages that might spike market but barring that the shoes are on the fiscal foot for any real help.  For one I am suppressing my enjoyment of horror movies and hoping whatever happens buys more time. Time is very precious now..

Wed, 09/21/2011 - 12:34 | 1692866 SheepDog-One
SheepDog-One's picture

You seen Cannibal Apocalypse yet? Older movie, very gory...some people even actually believed it was a real snuff film.

Wed, 09/21/2011 - 12:17 | 1692764 BandGap
BandGap's picture

In post apocolyptic times will Jim Beam be on the same footing as Maker's Mark or Jameson for bartering/negotiating purposes?  Will Captain Morgan's fair better with the younger crowd in relation to the higher ended Appleton rum stocks I own.  And where does Petron's stand in the hierarchy of tequilas?

These are the real questions That must be addressed.

Wed, 09/21/2011 - 12:24 | 1692793 kahunabear
kahunabear's picture

It will all be forcibly confiscated and exchanged for Victory Gin, a very low quality liquor of watered down grain alcohol. But, as a bonus you will get a pack of stale Victory Cigarettes and a bag of Soylent Green chips!

Wed, 09/21/2011 - 12:27 | 1692816 andybev01
andybev01's picture

don't forget about the chocolate rations!

Wed, 09/21/2011 - 12:42 | 1692921 mt paul
mt paul's picture

100 lbs chocolate

in the survival rations...

 

long silver

Wed, 09/21/2011 - 12:22 | 1692794 SheepDog-One
SheepDog-One's picture

Ive stocked up on a few cases of Wild Turkey 101 pints for the apocalypse, I figure it wont be about connoisuers, it will be about kick.

Wed, 09/21/2011 - 12:37 | 1692885 Bicycle Repairman
Bicycle Repairman's picture

Go low market brands.  All it has to do is make your head spin!!

Wed, 09/21/2011 - 12:50 | 1692978 SheepDog-One
SheepDog-One's picture

Yep, even plastic bottle stuff. People wont care long as it gets ya drunk.

Wed, 09/21/2011 - 13:10 | 1693092 Strider52
Strider52's picture

Dog, you reminded me of a backpack adventure once on Catalina Island. We were pressed for weight, as we had to carry everything on our backs. Knowing that there were water supplies on the island, I elected to bring only 101-proof Rum, which we would mix with water and make our "Early Death".

 After accidentally walking through a buffalo's harem (we were stoned, duh) and being escorted out by the bull, who was not happy that his nap was disturbed, I broke out the rum, which was in a plastic bottle. I took a straight gnarl right out of the bottle, no water. I had to shit, piss, sneeze, cough, and attempt to breathe all at the same time.

  After seeing me go through this, my buddy John said "Let me try that." Same results.

Wed, 09/21/2011 - 13:39 | 1693300 Spastica Rex
Spastica Rex's picture

And WT isn't half bad, anyway - especially in a whiskey sour, which can easily be made with sugar, water, and citric acid.

Wed, 09/21/2011 - 12:41 | 1692919 Panafrican Funk...
Panafrican Funktron Robot's picture

1.75 liter Cheap vodka in plastic bottles.  Doubles as a wound disinfectant and is excellent for cleaning up blood, the empty plastic bottles are easier to carry to water sources.

Wed, 09/21/2011 - 13:35 | 1693272 Jason_1sandal
Jason_1sandal's picture

The bad thing about bartering with booze is that they may go off and drink it, get drunk and decide to come back and just take what you have left. Judgement is the first thing to go.....

Wed, 09/21/2011 - 13:37 | 1693288 Henry Chinaski
Henry Chinaski's picture

Ah, the choice of Russian peasants everywhere.  How apropo.

BTW, after the apocolypse the old cheap stuff will be the new good stuff and the new cheap stuff will blind or kill you.

Wed, 09/21/2011 - 14:18 | 1693493 awakened
awakened's picture

Additionally, cheap vodka is useful for the making of medicinal herbal tinctures, and while grain alcohol is stronger, more pure and recommended for this purpose, it is much more expensive. My experience is the cheap stuff works just as well.

As for tequila, many of the cheaper Mexican brands that are 100% agave are very smooth and much better than the cheapest stuff. You dont have to buy Patron, Don Julio or Cabo Wabo for a good tequila. Cazadores and 1800, for a reposado are good. I like the lighter brands Hornitos and Jose Cuervo Traditional (the one with a cork). I am not a total tequila snob. Once you drink 100% agave, you dont want the other stuff. These brands do still sell in the US at a premium but they are very inexpensive in MX.

Wed, 09/21/2011 - 12:46 | 1692950 DCFusor
DCFusor's picture

Like the other respondents -- physical rules!  And whle the cheap stuff might do fine as trade, the good stuff you'll want for yourself anyway.  Diversity!  Wine cellar not a bad idea either.

Wed, 09/21/2011 - 13:23 | 1693201 flattrader
flattrader's picture

Just learn to home brew and make wine.  (Thank you Jimmy Carter.)

Get your equipment and buy your yeast supplies now.  Minimal investment for maximum return.

northernbrewer.com

Making your own hooch...priceless...

Wed, 09/21/2011 - 13:28 | 1693235 GoinFawr
GoinFawr's picture

If you're trading in Ireland I suggest you stick to Bushmill's in the North and Jameson's in the South;  don't mix that up or you could get a shillelagh upside your noggin'.

Wed, 09/21/2011 - 12:18 | 1692767 UBIGDummy
UBIGDummy's picture

SURVEY SAYS !!!!!!!!!!!!!

EEEEEEEHHHHHHHHHHHHHHHHHHHHHHHHHH!!!!!!!!!!!!!!!!!!!!!!!!

 

Wed, 09/21/2011 - 12:18 | 1692771 SaveTheGreenback
SaveTheGreenback's picture

Welcome to Global Currency Bloodbath Redux:  Benny's Twister

Wed, 09/21/2011 - 12:18 | 1692772 NB
NB's picture

It's the end of the world as we know it.

Wed, 09/21/2011 - 12:37 | 1692879 OOONONO
OOONONO's picture

and i feel like singing ...

Wed, 09/21/2011 - 12:58 | 1692773 kahunabear
kahunabear's picture

Two hours til the unelected bureaucrats from the central planning committee tell us how they plan to control our "free markets". What a fucked up farce.

Wed, 09/21/2011 - 12:18 | 1692775 Vincent Vega
Vincent Vega's picture

Blessed is he who expects nothing for he shall not be disappointed.

~B.Franklin

Wed, 09/21/2011 - 12:38 | 1692897 OOONONO
OOONONO's picture

Blessed is he who hopes for a big surprise, cause he will get it in the end.     B. Frank

Wed, 09/21/2011 - 12:20 | 1692781 LongSoupLine
LongSoupLine's picture

Ah yes, "other people's money"...exhibit A: The european-closing-silver-ramp from 1030 - 1100

Wed, 09/21/2011 - 12:20 | 1692785 Spaceman Spiff
Spaceman Spiff's picture

Bernanke's "announcement" might be a tad more overhyped than Lebron's "the decision."

Wed, 09/21/2011 - 12:39 | 1692900 Bicycle Repairman
Bicycle Repairman's picture

So who plays Bosh and Wade?  Greenspan and Turbo Timmy?  If so we ain't winning the title this year.

Wed, 09/21/2011 - 12:22 | 1692789 cocoablini
cocoablini's picture

How is this going to spur lending- rates are already at their lows across the board. The banks want to borrow low and lend long and higher. What about recapitalization?
Or is this just a can kick down the road?
Incredible incompetence on a Japanese scale.

And who is borrowing that can be personally accountable? Nobody wants the "free money."

Wed, 09/21/2011 - 12:25 | 1692804 SheepDog-One
SheepDog-One's picture

It wont do Jack shit, more 'carrot and stick', later today we'll be analyzing the word jumble, this is what drives world markets from here on out, vague promises of pink unicorns jumping over glitter rainbows, not now but later certainly theyll appear.

Wed, 09/21/2011 - 12:49 | 1692965 Panafrican Funk...
Panafrican Funktron Robot's picture

One possibly unintended consequence is in the mortgage REIT's, who make their money by borrowing on the short end of the curve and buying mostly RMBS and CMBS on the long end.  A curve flattening is going to significantly reduce their net yield.  Lots of div yield chasers in this space. 

Wed, 09/21/2011 - 12:23 | 1692792 campag
campag's picture

oil release from SPR is a must - it worked so well last time ?

ask our friends in Saudi for more help ?

Wed, 09/21/2011 - 12:23 | 1692795 mayhem_korner
mayhem_korner's picture

< Nothing not priced in is proclaimed; S&P sinks to 1140 by Oct FOMC

< Ben tips hand to $750B QE3 commencing in Q4; S&P closes 1250 today

Wed, 09/21/2011 - 12:27 | 1692814 SheepDog-One
SheepDog-One's picture

More carrot and stick, its all theyve got. And Ben wont 'tip his hand' to any number, he doesnt have to. 

Wed, 09/21/2011 - 12:29 | 1692834 mayhem_korner
mayhem_korner's picture

I know, SD.  I just threw in a number to make the choice clearer. 

Wed, 09/21/2011 - 12:31 | 1692845 SheepDog-One
SheepDog-One's picture

Yep.

Wed, 09/21/2011 - 13:39 | 1693301 Alea Iactaest
Alea Iactaest's picture

October FOMC? I thought the next one is scheduled for November...

 

http://www.federalreserve.gov/monetarypolicy/fomccalendars.htm#9662

Wed, 09/21/2011 - 12:23 | 1692799 Robslob
Robslob's picture

 

 

Remember the "Prime Directives"

1) scare people out of bonds into stocks so Wall Street sharks can eat

2) scare people out of stocks and into bonds so the Government sharks can eat

Rinse and repeat until the entire food chain has been depleted!


Wed, 09/21/2011 - 12:40 | 1692913 Bicycle Repairman
Bicycle Repairman's picture

Got to keep the herd moving.  It is easier to pick them off that way.

Wed, 09/21/2011 - 12:26 | 1692809 shazbotz
shazbotz's picture

assuming the FED buys the short term debt, where is it getting the money to do this?

 

using debt to buy more debt to buy more time before time runs out and the whole system is exposed for the scam/fraud that it is?

 

phew that was a mouthful

 

Wed, 09/21/2011 - 12:28 | 1692826 SheepDog-One
SheepDog-One's picture

LOL, we'll create more debt to buy this here debt, see? 

Well I'll tell you what I bought this morning, 1,000 rounds of .223 Lake City.

Wed, 09/21/2011 - 12:50 | 1692977 DCFusor
DCFusor's picture

That's some great brass, but I've had poor luck with the commercial remanufactured stuff.  OAL all over the place to the point of jamming some guns, crap bullet quality, low accuracy.  Some of the bullets just fall out due to lousy resizing.  I just get the brass and make my own, and get it right.  Then I go and win matches with it.  Try Sierra 53 gr flatbase, 748, and a CCI magnum primer...you'll be glad.

Wed, 09/21/2011 - 13:10 | 1693093 gtb
gtb's picture

Now we're talkin'.  How many grains of 748?  What velocity are you getting?  Any indications of pressure issues?

Wed, 09/21/2011 - 13:38 | 1693294 krispkritter
krispkritter's picture

When my father passed recently, I relied on a relative to keep me up to date on the estate. When I went up to retrieve the gun collection I found that he had tossed all the powder, most of the reloads, and a number of boxes from such collectibles like a S&W 547 9mm, etc.... and gave away all the reloading presses. I ended up with most of the dies and the remaining 40 or so guns but not much else. And what's your take on reloading military brass? I've scored 600-1000lb. batches at auction and just resold it by the pound but haven't taken to reloading it yet...

Wed, 09/21/2011 - 19:33 | 1695027 DosZap
DosZap's picture

krispkritter,

If it's 7.62x51 brass it most likely was fired thru machine guns(M60's),steer clear of that.Too much case stretch,and  case head growth.

5.56, is so inexpensive this MOMENT, it does not pay to reload it.

My advice sell the brass, and buy already loaded w/profits.

Reloading properly is damned time consuming, and few want,nor have the time to want to learn how.

Pistol, another story, easy as pie.(steer clear of .40cal.) IMHO.

Bstd cals are a lose, lose prop also.

 

Wed, 09/21/2011 - 12:32 | 1692856 TradingJoe
TradingJoe's picture

ERGO!

Wed, 09/21/2011 - 12:27 | 1692811 fdisk
fdisk's picture

"Fed likely to sell $440b of securities maturing in 1-4 yrs, buy $660b in the 5.5- to 30-yr sectors;"

That's looks like 220B net positive Balance sheet expansion

to me.

Wed, 09/21/2011 - 12:27 | 1692812 sbenard
sbenard's picture

QE is welfare for Wall St! Bubbles Bernanke calls it the "wealth effect". Everyone else calls it "inflation" and "devaluation of the Dollar".

Prison for the criminal Chairsatan!

Wed, 09/21/2011 - 12:30 | 1692837 SheepDog-One
SheepDog-One's picture

'Wealth effect' for billionaire banksters only. And even thats fleeting, as they need to burn thru ever more faster as the dollar becomes totaly worthless.

Wed, 09/21/2011 - 12:54 | 1692994 Panafrican Funk...
Panafrican Funktron Robot's picture

More specifically, t's a wealth effect in nominal terms, hiding the ongoing real wealth destruction.  QE is basically a buyoff keeping the rich at "zero real growth" in exchange for "sharply negative real growth" for everyone else.

Wed, 09/21/2011 - 12:28 | 1692820 paulypaul
paulypaul's picture

Lets twist again like we did in the 60's..... ooooooh lets twist again like we did with QEeeeeee.

Wed, 09/21/2011 - 12:28 | 1692823 Drag Racer
Drag Racer's picture

whatever they do, expect the end result to contract the money supply in circulation. 1930 bitchez

Wed, 09/21/2011 - 12:28 | 1692828 sbenard
sbenard's picture

Anyone:

What caused oil to surge this morning at 10:30 EST?

Wed, 09/21/2011 - 12:32 | 1692854 mayhem_korner
mayhem_korner's picture

When was Barry's speech at the U.N. calling out Abbas (or when was the embargo on the speech lifted)?

Wed, 09/21/2011 - 12:33 | 1692858 campag
campag's picture

weekly EIA oil stats  release   - draw in crude/ build in gasoline though !

Wed, 09/21/2011 - 12:29 | 1692829 gwar5
gwar5's picture

Remember the SNB and the Swiss Franc -- If there's a big smashdown in gold prices 5 minutes before the announcement, it means more QE.

 

Wed, 09/21/2011 - 12:30 | 1692838 jdelano
jdelano's picture

good call.  

Wed, 09/21/2011 - 14:16 | 1693418 gbh
gbh's picture

I believe it has just started ... or not.

Wed, 09/21/2011 - 12:29 | 1692833 Milton Waddams
Milton Waddams's picture

'With inflation expectations below what the Board believes to be consistent with its mandate to maintain stable prices, the Fed has decided to engage in an open ended asset purchase program until the unemployment rate reaches levels consistent with full employment or inflation overshoots on the upside.'

Wed, 09/21/2011 - 12:30 | 1692843 jdelano
jdelano's picture

bad call.  

Wed, 09/21/2011 - 12:37 | 1692881 mayhem_korner
mayhem_korner's picture

the Fed has decided to engage in an open ended asset purchase program until the unemployment rate reaches levels consistent with full employment or inflation overshoots on the upside.

Fed buys guns & shoots all unemployed.  Either full employment reached or price of a Remington 580 goes to $5,000.  Mission accomplished.

Wed, 09/21/2011 - 12:37 | 1692887 SheepDog-One
SheepDog-One's picture

Its like concentrating on building a faster track surface for your Ferrari with a blown engine and smashed in a wreck

Go ahead and make the track surface as smooth as possible, camber the corners just-so....makes no difference your Ferrari isnt going anywhere.

Wed, 09/21/2011 - 12:35 | 1692872 TradingJoe
TradingJoe's picture

Anythign the FEDsters are doing, besides QE3, will be not enough and dissapointing! Rest is NOISE!

Wed, 09/21/2011 - 12:43 | 1692907 SheepDog-One
SheepDog-One's picture

Man....markets have been promised a new red Ferrari since February on every bit of disaster news daily....and wheeling out an old rusted VW bug (boring bond rollovers) is supposed to be just as satisfactory....since it was also made in Europe? Tradinjoe, we've entered the bad wing of the lunatic asylum where even the staff dreads going...this sucks.

Wed, 09/21/2011 - 12:37 | 1692889 UTICA CLUB XX PURE
UTICA CLUB XX PURE's picture

My balls are up & I have major shrinkage every time the Berneke throws ice in the tub!!!

Wed, 09/21/2011 - 12:38 | 1692892 PLove
PLove's picture

Ben and Cormac on same day.

How Good Does It Get

Think of a man ...............

 

Wed, 09/21/2011 - 12:39 | 1692905 NuYawkFrankie
NuYawkFrankie's picture

Hmmmm..... quite a selction there...

OK... can someone tell Lloyd: I'd like to go with the UBS and Credit Suisse  options... and round out the boxed trifecta with the Giants to beat the spread vs the Eagles this Sunday. tia

 

 

Wed, 09/21/2011 - 12:45 | 1692944 Bicycle Repairman
Bicycle Repairman's picture

With Vick hurting the Eagles can just roll out Kol.....  Uh oh.  The back up is some dude named 'Kafka'.  You can't make this stuff up, Eagles fans.  Take the Giants.

Wed, 09/21/2011 - 12:43 | 1692924 jmcadg
jmcadg's picture

Amazing Operation Twist was baked into the cake until today. 

Now it's what the market expects so say the knuckle heads on bloomberg!!!

Fucking bullshit. OT is done. If that's it. The markets are going to tank.

Wed, 09/21/2011 - 12:44 | 1692937 SheepDog-One
SheepDog-One's picture

Bloomberg trying to spray paint the rusted out VW bug bright red and pass it off as a new Ferrari? Hillarious! 

Wed, 09/21/2011 - 12:44 | 1692935 spanish inquisition
spanish inquisition's picture

Anything short of a statement of infinite printing and complete backstopping all the banks in the world will be a huge disappointment. I have already priced infinity and complete safety in.

Wed, 09/21/2011 - 12:46 | 1692948 SheepDog-One
SheepDog-One's picture

Man how can they promise the Holy Grail+Ark of the Convenant delivered for 8 months, then deliver some paper dixie cups and say theyre just as good? Somethings going to throw a tantrum here big time!

Wed, 09/21/2011 - 12:53 | 1692992 walküre
walküre's picture

Game of chicken is ending. Watch out below.

Wed, 09/21/2011 - 12:44 | 1692938 monopoly
monopoly's picture

And I do not even give a shit what the incompetent men say. Do not trade this crap. But remember, usually, first reaction reversed rather quickly. Will wait till tomorrow.

Wed, 09/21/2011 - 12:47 | 1692954 New American Re...
New American Revolution's picture

In addition to twist, I think the Chairsatan will establish his 'Right', to conduct an open end QEIII on a selective basis, announced only a week or less in advance.   This practice will continue at the behest and whim of the Chairsatan ad infinitum.   You may now return to your selected broadcasts of the talking heads, mindless clap-trap, infomercials, old movies, new movies, and documentaries,... please, just refrain from turning off the TV and picking up a book.   This is for young people who are in school and need to be trained to read a TV guide.

Wed, 09/21/2011 - 12:58 | 1693011 SheepDog-One
SheepDog-One's picture

Remember those rumors about the Bernank soon being gone, with charges following him...I think he's going to be walking on egg shells from here on out.

Wed, 09/21/2011 - 12:55 | 1692957 walküre
walküre's picture

Goldman Sachs: Fed will concentrate purchases in 7- to 10-yr sector

 

I could have picked any of them this morning, but GS off 2% despite whatever announcement of the Fed can only mean one thing.

Whatever the Fed will do, it will disappoint. Else GS would be buying up their own stock like WFC today.

WFC is trying to front run the markets. No takers.

I'm not even going to comment on BAC.. FUBAR.

Edit 1253p EST.. GS down 3.5% and falling

Wed, 09/21/2011 - 12:53 | 1692991 PulauHantu29
PulauHantu29's picture

Why pay for anything? Just walk away...

Buy today, never pay tomorrow....that seems to be the trend now.

Wed, 09/21/2011 - 12:56 | 1693003 fdisk
fdisk's picture

Bernank wouldn't let Market fall.. This pyramid game have

few years left, printing should be extended since no way out

anyways, all it's left is PRINT and PRINT "wisely".. Hey after

all

those guys are manage to pop the Dollar even under those

conditions, while everyone was screaming for Dollar Collapse.

Common Ben, give us couple of Trillion $$$ Kick, don't

worry about those buttheads from GOP :)))

Wed, 09/21/2011 - 13:00 | 1693027 SheepDog-One
SheepDog-One's picture

No way theres not a few years left for this nonsense, the game is over now. Actually it was over long ago, and theyre all out of ammo.

Bulls better watch their ass here, because theyve been conditioned into calm Hindu cow status, sitting on 50 P/E stocks theyre certain Bernank will always keep going higher....theres a WHOLE LOT of prime beef on the hoof out there not suspecting a thing.

Wed, 09/21/2011 - 13:01 | 1693030 lolmao500
lolmao500's picture

I'm shorting treasuries. Every time Bernanke does some easing, yields soar. And it goes higher than gold.

Wed, 09/21/2011 - 13:14 | 1693097 fdisk
fdisk's picture

According to EURUSD something will come out from FED definitely, GOLD also start speaking looks like.. IMHO.

Wed, 09/21/2011 - 13:19 | 1693113 Mongrel
Mongrel's picture

I predict that Bernanke will stick a trumpet up his ass and play "The Battle Hymn of the Republic."

Wed, 09/21/2011 - 13:18 | 1693145 Seasmoke
Seasmoke's picture

when betting with other peoples money, why would you ever bet anything but BIG and RISKY

Wed, 09/21/2011 - 13:26 | 1693217 duckhook
duckhook's picture

Let's see.Owning short term paper ,the FED can just let their holdings runoof.Are they going to do that with the 27 year paper.Buying long term paper at these rates is one of the most stupid things that a governmant has ever done.The ironic thing is that by doing so the Fed is hoping to jack up inflation.When inflation gets high they will have sell back this long term paper.Any losses will have to be mad up by the TreasuryTthe act of the Treasury having to make up for Fed lossses will completely destroy the independence of the FED.and what will the fed accomplish by doing this. .Maybe 15/100 of a basis point lower in rates.At the same time it will bankrupt all but the richest seniors,bankrupt all public pension funds in the country by forcing them to assume lower rates of return and actually increase unemployment because of seniors being forced to work longer

What really should be done is that the Treasury should have masssive long term bond issuance at these astoundly low rates 

Wed, 09/21/2011 - 13:31 | 1693252 krispkritter
krispkritter's picture

Market Up?

Market Down?

 

Survey says...

Wed, 09/21/2011 - 13:40 | 1693303 Spastica Rex
Spastica Rex's picture

Up, regardless.

Wed, 09/21/2011 - 13:46 | 1693337 High Plains Drifter
High Plains Drifter's picture

http://www.youtube.com/watch?v=7vTjTDl-FHQ&feature=related

alex bullhorn jones and max keiser blame the problems on wallstreet on those evil protestants. yep folks, its those evil wascally wasps that are doing all of the mischief....gads, what liars these people are............

Wed, 09/21/2011 - 13:54 | 1693367 Fix It Again Timmy
Fix It Again Timmy's picture

What will be said?  Effectively nothing - when in a raging shit storm, it is best to keep your mouth shut...

Wed, 09/21/2011 - 14:54 | 1693722 Nobody For President
Nobody For President's picture

Looks like FTN got the best tea leaves on what Uncle Ben and the FoeMacs would play last for this set.

Looks like Mr. Market was looking for a bit more than a $400B twist, but there is still just over an hour to go, and that last hour has been a bitch this past week.

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