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So do we think the BOJ will come in tonight and reverse this? CHF the same?
QE3 is coming. They have no choice expect to do QE to infinity. The question is, when will it cease to work. I think we can all agree that we are not far off.
400 pt rally on BS from the Fed? I think the shorts got cought with there pants down. Time to fade this rally again!
This short's belly is full. I have 6 staggered SDS calls open with a Jan expiry and that's it.
I've got a meal to digest for now, to lick my chops, and let all the fresh lambs stampede into the corral.
I figure I'll be getting hungry again soon. Plenty of lamb for the slaughter. Thing is that I'm fair about it too. I warn them not to go into the pen but they are just dying to go munch on some of that tasty value clover.
This last week was a blast! Wind this bitch up and let's do it again.
So many complicated explanations. All they had to do was turn the dial to BUY.
If SNB and BOJ want to reverse the flight to safety they need to start buying italian and spanish bonds en masse. That´s the only possibility.
idiot website costs me thousands today you fear mongering bastards
So, you decided to roll the dice today, and you lost. Now you want to blame the guy that handed you the dice. Nice.
You don't read zerohedge for the analysis (it's usually perma-bear, and has a hard on for Mises, and gold). You read it because they are a bear news aggregator. Then you go off and do your own research.
(sell the bernank)
It's not like the $58 billion cost them anything. You get what you pay for i guess.
And after that nothings changed much, buy gold.
From 10627 to 11239. 612 points in an hour and fifteen minutes. WTF to infinity man. Nasdaq up 125 points.
That is just too much. GREAT HOCKEY STICK CLOSE PPT!!!
This idoit Tschir is cheering The Bernanke and considers illiquid markets a good thing? Next, please.
Careful playing poker with the bernank. He has sleeves that no one has ever seen....
Noticed the silver miners stock prices appear to have de-coupled today from the metal price.
This may get very interesting...JP Morgue may be able to manipulate the spot price of silver at will, but trying to control the miners' prices is quite a different story....maybe I am misreading this, but it sure seems that there was a sea change on these stocks today.....
Might that have to do with the info given by the Silver Bears that the big players are cutting out the middle man (COMEX) and buying directly from the miners?
The bernank, who has admitted he could raise rates in fifteen minutes, puts an arbitrary date on extended period language that can be changed at any time and reminds everyone he didn't get rid of his printing press and markets go ape shit......... Wow, fucking wow.
Yep, well played by the Bernankster. After the statement, have the PPT come in and stop the bleeding, drive the market up some, at which point the late shorts started freaking and covered, providing the last 30 minutes worth of ramp up. People are getting killed. Late longs got slaughtered the last 10 days, late shorts got slaughtered today. 5% swings in under 2 hours. Sheeeit!
Glad I'm mostly on the sidelines watching this show. Might decide to buy some more shares in my bear fund, though. This baby's turning back down soon, and the trend will stay that way for the foreseeable future, I believe.
"Might decide to buy some more shares in my bear fund..."
Thinking the same thing, but I am going to also be using out of the money calls on top of the shorts....this market is just too crazy right now to try and pick one direction.....like a schizo taking a crack and meth cocktail...if your EKG looked like today's market chart, you'd be in ICU...having been given last rites 3 times already...
Like a schizo taking a crack and meth cocktail... That's awesome. It's funny, I was thinking the same thing about the chart, the market was having a massive coronary. Wild shit. You have to be a little bit insane to try to trade this market right now.
Equity counter trend short covering rally begins from very oversold levels.
$86 billion! 1% of Japan's GDP. Thru 2013, exceptionally low rates. Asset, bond even equity purchases in the US, Japan & the EU, what do these counties represent, like 85% of global GDP?
You can be sure that the invisible hand keeps a balance sheet, is an excellent accountant which cannot be deceived, but is not overly concerned with micromanaging.
As with all balance sheets, assets always equal liabilities; and it is important to note that the reverse is also true. In this instance however, debt over assets (not GDP) what you get is negative shareholder equity -something distinct from assets because it is external to the corporation.
The effects are readily observable in similarly situated corporations. Shareholders need only arrive in sufficient numbers to support an offering or issuance or ignore what amounts to a unrealized loss.
In the global market this is achieved through fiat. But in either case a funny thing begins to happen to assets. Liabilities are aptly named. Debt forces an defensive strategy, like a bear market does, you can force a bull rally, but the trend is not your friend.
I need to go so I skip ahead without conclusion: Only growth can turn the tables. Growth is demand, demand is a want, a need, an insatiable obsession of the masses. Cheap desalinated water is the best answer so as to aerate huge swaths of land and make them available, desirous to the masses for a century or more.
Oil, production, energy, not enough.
August 2011 was the third time Japan has sold its currency after six years of a hands-off approach that ended in September 2010. The BOJ sold 692.5 billion yen ($8.8 billion) on March 18, and on September, 2010 Japan sold 2.12 trillion yen. The BOJ also now expanded its asset-purchase fund to 15 trillion yen from 10 trillion yen and also enlarged a credit facility by 5 trillion yen to 35 trillion yen.
Check where you are in the Pyramid of Capitalism System
lol... they pretty much just printed up the entire silver market... and nothing happened
if you do not think silver is going to the moon.. then its time to educate yourself
crash jp morgan, end the fed, buy silver!
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