This page has been archived and commenting is disabled.
Market Bloodbath, "Happy Birthday Mr. President" Edition
The Dow is down more than 500. The S&P is down 60. The VIX surges 35% to 32 the highest since June 2010. Implied correlation surges to the highest since last summer. ES volume surges to the highest since the flash crash. Europe is opening in 12 hours. Margin debt is near record high levels, and mutual funds have record low cash. Liquidations galore. Did we miss anything?
Cross asset Correlation: more or less 1.000
DJIA
ES
VIX
ES Volume
Oh yes. Happy birthday Mr President
»
- 26231 reads
- Printer-friendly version
- Send to friend
- advertisements -
As as technical trader and EWP practicioner, I say again. This was all too predictable. Anyone who laughed at Prechter and EWP shouldn't be laughing now.
Apparently, there are not a lot of technical traders on ZH because no one has commented on the clear break in the neckline of the head and shoulders pattern on the ES volume chart above (the last chart above the deer). Anyone who trades knows this chart is 80-90% reliable. Miniumum target on the S&P is 1140. There are three nested (potential) H&S patterns, the largest dating back to 1997. If that is triggered the market goes to 0. That's not a typo. Zero.
Let me know if you have questions. I am happy to go into more detail.
not to start anything but several people here recognized the pattern...shit the NQ and YM are barely at their respective necklines...i agree with you totally but im not angry about being right...im happy maybe tech a will get some respect...but i doubt it
Nothing started here. More blood tomorrow but a neckline retest is de rigeur. Technicals and endogenous factors trump bubblevision bullshit every time.
agreed...would love to discuss your views sometime...cheers!
I didn't see the head and shoulders. I saw a chick laying on her back with that middle hump being a muffin top, which also ends badly 80%-90% of the time. The market didn't push through the neckline, it went right through her armpit. No bueno. Your insights are always welcome.
mmmm...muffin top...
Har de har. It's there Bol. Just look for it.
Har de har. It's there Bol. Just look for it.
I follow EW and also Daneric's charts. I incorporate the EW views into my overall investment strategy, but I incorporate other info as well. I got out of the market last year, with the exception of a bear fund for the longer term. It's been a painful 12 months, but I'm not smart enough to time this shit. I knew we'd see what we're seeing now, I just didn't know when. My bear fund has recovered 12% in the last 10 days. Another week like this one and I'll be well into in the black, with a long way to go on this dive.
shit just got started imo...tech still has to die
Are we brothers separated at birth? We damn sure think alike. Nice to finally meet you.
and i you sir...cheers!
Good for you babe. May you live long and prosper.
Good for you babe. May you live long and prosper.
Actually, I think there are more than a few technical traders who read the site (one of whom is famous, RoboTrader - but he's not the normal op-ed) - but they rarely contribute 'classic' analysis, barring meta-commentary (if they comment at all). A lot of the comments are meta, and rely on inside jokes. What you're missing is the style of Hors de Combat - think of this as the tavern where the mercenaries of the 30 year war mingle. The next day, many could be fighting on different sides of the conflict, switch sides or even be ransoming their fellow drinkers. Some will big up their next campaign, some will keep it quiet. However, whilst here, they merely nod and digest the intel as it comes along, and add if they feel like it. Read the disclosure policy on "insider trading" by Tyler for more info - if someone mentions something, they're either hiking its margins or secretly shorting it.
Translation - State: "I think this <insert analysis> is happening, you oiks, and you're all a bunch of feeble fuckers for forgetting it" and then see the response. I don't think today came as too much a surprise to many around here.
There are a lot of other classes of poster as well, however. The insane, the PM bugs, the politburo hacks, the tin foilers and the trolls...
It's getting exciting now, two and one-half. Think of everything we've accomplished, man. Out these windows, we will view the collapse of financial history. One step closer to economic equilibrium.
An entertaining reply. As a nubee I guess I shouldn't paint with such a broad brush, especially since I do not read every post. Will try and tune in more to the subtleties.
And yes the trolls and tin foilers drive me to distraction as well.
http://www.youtube.com/watch?v=dTsFOqSaub8
You're not getting it yet...
You will, and when you do, you'll realise the freedom it gives when you watch the plays...[Hint: when any poster gives a link, they fall into three categories - pure citation [i.e. information], the ideological [opinion], and the meta. The ideological are sometimes interesting, the meta... are always funny, if you get the joke,]
For a newbie, here's a freebie - the link is Watchmen [Alan Moore, anarchist, critique of the Western world], where the Comedian ['super-hero' who represents the best/worst of the 'American Dream' and who killed JFK, active Vietnam vet: aka, he represents the old military-industrial complex driving the US economy] is entering old age ["for a guy of 56, he was built like a line backer"] and is assassinated by Ozymandias [metrosexual new hero, business leader, made $billions from merchandising 'super heroes', represents the 'entrepreneur' of silicon valley, also happens to be about to destroy the world] ...
And the quote is: ""It's a joke. It's all a joke. Mother forgive me"?"
Map that onto the current US experience, then come back to me. Life is complex, and I wallow in irony, babe.
+1
There is definately a lot of noise in the tavern, but it is the best tavern on the block, bar none.
I guess I would pay a lot more attention to technical charts, etc., if I didn't think the market was 95% manipulated by TPTB.
too much to say in so small a space...there are economic laws just as there are physical laws...any attempt to subvert either is at worst foolish and at best naive...either way it is futile...
Yes, and hence, we are where we are eh?
that is a tautology...i see it this way
1. the markets (and hence human beings) obey no law ----- then why invest? you'd be better off playing roulette (a game which does obey the laws of mathematics)
2. the markets (and hence human beings, like the rest of the universe) obey some (granted, at present unknown law) ---- invest/trade and look for some order in the apparent chaos
i find the present situation in economic theory not unlike the situation in physics before newton...intuitively wise individuals felt that there must be order...it took newton to prove it
I love the greed, the hubris and the stupidity of our politicians.
I love the psychopathic fraudulent scum who run our banks.
I love Ponzi. He's my Hero!
I love the petty, small minded vanity of it all. They're all just so predictable.
I think real price discovery is coming. My telegraph says no more QE. Maybe even a return to "real" free markets one day.
Looks to me like .gov may actually be getting out of the way to let the markets work. I know, I am a dreamer, but hey, thats what the telegraph says.
if QE2 even worked a little or at least wasn't such an obvious joke, they would undoubtedly attempt a QE3
there will be some pointless, money wasting action but it won't be QE
after all, somebody's got to do something
How about some critical thinking instead of the eternal "It's all the negro's fault" meme.
Sort of like "It's all Bush's fault".
It's all Nixon's fault.
Baseline, bitchez!
actually, that sort of thinking wasn't even on my radar until you brought it up. those who are somewhat aware know that your 'negro' doppelgänger is just a puppet anyway. but thanks for making an ass out of u and me.
Go fuck yourself fucking partisan troll. This isn't about fucking political parties - it is systematic. It doesn't fucking matter who of the partisan scheme is president - you'll get "expotential shit" whatever you fucking vote for. It's not about parties - it's about sanity, sustainability, efficiency and fairness - all four things that are absent of popular politics.
Yes, that's a lot of swearing and use of the f-word.... doesn't make it any less true. Go fuck yourself ideologues - YOU supported this mess! Suck it up and take the blame you deserve... or start evolving by learning from mistakes.
Blast from the Past:
http://zerohedge.blogspot.com/
Congratulations on your huge success TD, you are and absolute machine!
ah, memories.
Did this site open 20090728? Now that's a birthday card I'd love to sign.
A couple days prior maybe, but yeah.
Tyler is a fucking one of a kind real OG Gangsta, and I will just bet he is out having drinks celebrating his success tonight. There was suspiscion when the site went mainstream from blogspot he was bought out by one of the investment houses (GS? as TD had a particular distaste to their MO) to water down the information. He stomped all over that with unending data streams for the masses. Covering HFT from the beginning including IMO leading GS shutting down their DirectEdge program. In the beginning the running joke was this guy never slept. For non financial majors like myself he opened my eyes to what a bloomberg terminal offers with keen insight and highly relevant market data like 24/7.
Cheers TD! You are a truly a hero among men!
Where the hell is Marla?
CD is suspisciously missing tonight also. Hmmm. You guys out drinkin?
Let us in on that IPO next year!
That would certainly explain CD's absence. Tyler may also still be working on the site problems too. It is still unstable for me as of 2307 hours.
I was prepared and was not in the markets and have not even tried to step back in. I talked to friends and tried to warn them and some even called me nuts. Most of you are enjoying the rout. I am happy I was smart enough to wake up to this shit people are being fed. Red pill I guess. But while some celebrate alot of good people took it in the ass today because of our politicians and the main stream media feeding them lies and telling them there was nothing wrong. Today TV and politicians defrauded the American people. I did shed a tear for our country.
Those that I warned deserve what they got. Whats even worse people will still believe their bullshit.
I did everything I could to warn friends and family this was coming. I even warned my doctor. Only two people agreed with me. One ploughed ahead with his investments and real estate purchases saying "he had faith in America." Total blue pill.
Long story short. The people who "took it up the ass today" already had their head firmly planted there.
I have faith that if .gov will quit trying to manipulate the markets (all markets) that a bottom will come and REAL growth will eventually resume. I have zero faith that Keynesian Economics works as shown over the last couple of years. The sooner they get out of the way and allow real price discovery the sooner a real bottom will come. They instead decided to rob the responsible (savers) to give to the irresponsible (debtors) all to save the powerful. I disagree with those who think MadMax is the next step. Once stocks revert to mean, I am buying.
Once a bottom comes, small business will be the driver of job creation.
I once (early 2000's) spent considerable energy warning others. I stopped for two reasons: 1) I was becoming a pariah, 2) I realized these people could be a perfect contrary indicator for when it is safe to get back out of gold.
one friend of mine (baby with another on the way) told me to give him a call "when the world is gonna end"
I do no feel sorry for him, but I do for his children. As a father my number one priority in life is to protect and provide for my children. My children will not starve, and they will be protected.
An economic collapse will not get rid of the fascists. In fact it may make them more powerful. The collapse is not what keeps me up at night. It is what the oligarchs try to build out of the collapse that does.
.
Hey Pussies, Just BTFD...errr....I mean crash! Tyler, can you kindly stop it with that fucking deer? I just lost 6%. Just trying to make a little coin...even though I am firmly in the Armageddon camp, couldn't help chasing a little beta. Finally, the market does what it should do, and I am as long as John Holmes! Don't worry for me, it ain't my money. I am just a 27 year-old alcoholic. Hopefully it will bounce back so I can GTFO (get the fuck out y'all). Tyler, cut it out with the fucking deer...please...
Hyperbole is tiring indeed, it undermines credibility, and is not becoming of ZH at all.
This is Fight Club, not Oxford Debate Club.
8th Rule bitch(ez)
Oh, nothing really; like mentioning the current technical situation and putting things in perspective by talking about whether we’re in the middle of a crash or just at a selling extreme. That’s all.
;-o
http://www.zerohedge.com/news/sp-goes-red-year-its-about-time#comment-1518350
BTW: with “Cross asset Correlation: more or less 1.000”, why not more zeros just for fun? Or fewer? Or just 1:1? ;-)
White House:
Thank you for the birthday wishes. We will be sure to convey your thoughts to the President. The President is currently unavailable as he is attending one of his $35,000/plate birthday fundraisers, uh, I mean celebrations and posing for pictures at $10,000 each. Thank you.
komrade kramer says BUY! BUY! BUY!
also quoting yeats line he prob read here
You all make me laugh, you're so bearish you probably can't see the sun rises every single day! YES, I am bullish on the US stock market (and there won't be any QE3) and the US economy. It is still a jobless recovery but what you all do not see -- or more precisely, do not want to see -- is that the worst is behind us, not ahead of us like all you doomsayers are constantly warning. That's it from me on this topic, will work on my elite fund piece today and enjoy myself......
Leo 5 15 2011
I'm guilty of being an "uber-bear," but not to the extent that I ignore the dark castle on the hill. I acknowledge that BerFrankenanke and Igor Geithner can make the market corspe sit up on the gurney, but ultimately the monster destroys the town. Das is mein Weltanschauung.
The Castle
Stay thirsty my friends.
High Plains Drifter Ya that's the ticket and chicks for free.
Nothing like numbers to reveal the truth. BTW, the deer in the spot light is spot on.
that deer is robo or leo, same difference for those two guys...........
Is this the nail that makes certain that QE3 will be on its way in the next 12 months?
Somebody with some genuine knowledge answer me.
To QE or not to QE, that is the QuEstion
Whether 'tis nobler in the mind
To suffer the slings and arrows
of outrageous monetary policy
Or to take up Adjustable Rate MortgageS
against a sea of troubles
I am starting to look naked - just starting.
one of my 401K accounts is in preciousmetals miners, which is still good.
The other I moved from Money markets to Growth Large Cap recently - which is now RED.
I thank the Good Lord in days like this because all my personal money is in physical Gold.
Nothing like the physical. Paper is good for ass wipe and gambling.
It'll also help to keep you warm.
T, I think you should do a poll, all ZHers to vote whether US or EU to go down first - pick a date and who picks the closest date and the first to fall gets dinner with either Bernanke or Ms Lagarde, restaurante of choice - suggestions anyone?
Well, I'm assuming the latest IMF puppet will not get the sack (not by a winning ZHer on the poll) but I refer to her abuse of power having being in bed with Président de la France and 285 million euro state skim. First they got DSK, now they are going for old Chrissie. This soap opera is fabulouus, what next, unmask that deer!
For the record, I think EURO will outlive the USD but it will be ugly.
I'm only beginning student here, but the Chinese are propping up the Euro Zone. Sure, the Chinese have their own problems, but I do not see anyone other than the oligarchy of banksters propping us up.
My vote would be for the US to collapse first, and that makes more strategic sense as well--America is a major road block to the fascists' global plan.
Sorry Double post, web running slow today or it's maybe US Carriers circling the server farm in Malta, ready to take down ZH with an EM weapon.....
Ok, srs question, from a 3rd party who is phoning me panicking at the moment:
"If" someone had approx E2,000,000 in Santander (ye, I know - E40 bil housing bubble that's only devalued by 10-15% when Ireland has done 50% already) is it time to move to SFr? SFr is having issues as well, and looking green about the gills over being forced to take on reserve(ish) status. They were smart and took advice to liquidate stocks to miss all of this (my red pill trumped their blue pill adviser), but now are doing the "flight to safety" routine. I'm tempted to tell them to sink it into drugs for Greece (http://greece.greekreporter.com/2011/08/02/decriminalization-of-drug-us/) but I doubt this will go down well...
PMs are sadly a no-go, since I doubt you can get that kind of delivery in the Euro-zone as we speak, and they require 'flight mobility'. Land is usual, but there's nothing in EU that's safe (really safe) from government at this point. My feeling currently is to move to bank in Brazil and cash in on multiple nice government investment incentives for bringing in hard cash at the moment, but interested to see options.
And no.. Thailand lady-boys isn't suiting this customer...
FDIC insures deposits up to 250k US per depositor per bank, this includes foreign citizens. The Euro is still relatively strong against the dollar, and particularly if the rout progresses, the dollar will strengthen vs Euro as it did today. So he will be buying the cross at close to the bottom and will most likely see some appreciation in Euro terms. I do believe the Euro's days are numbered. I do not believe that is the case with the dollar. The world cannot dump the reserve currency at the drop of a hat. So if he is really seeking safety (absolute) that would be my reccomendation. Go to bankrate.com for a list of Banks. Around 1% interest is good in the US right now, particularly for with the 'free' insurance.
Or more simply buy treasuries but there is more fluctuation in price there.
I went to 95% cash as disclosed here a week ago.
I am not sure about brazillian banks, sorry. I thought Brazil was trying to dissuade international investment as it drives up the value of the Real which is overvalued. What are these incentives you mention?
E2,000,000 is about $2.800,000. So... they're really not interested in 1% interest. They're looking for a solid [i.e. exists, unlike China] company to invest into, and probably move towards when dividends and so forth get higher.
Brazil is offering some nice incentives for foreign capital in its desire to move China > Brazil in terms of macro economic policy, esp. in terms of high capital investment (which E2 mil just gets into). You need a local partner to avoid the penalties - i.e. you're sinking investment into stocks / capital investment under 51% control, and this isn't buying into bonds [http://www.bloomberg.com/news/2010-08-24/brazilian-bonds-safer-than-defa...]. Bonds are ok, however, with smaller sums like this [E2mil] then direct investment / shareholding doesn't tip the penalties, I think.
He is a she, btw ;p
And yes, since last week, I have urged go cash as a short term protection - it has worked for them, but they're so small fry, that the entire show is freeking them out. Still: saving people from -500 point share cascade is no bad thing.
Disclosure - 2 bottles of wine, after 3 weeks not drinking, at this point of the night, all of the above might be dribble. I even smoked some ciggies, which was dumb, but hey - I saved X million tonight, due to ZH + other sites. Gotta congratulate yourself sometimes!
I typically keep my cards pretty close, and I am no expert, but for "safety" here goes:
If she can tolerate SOME risk I would maybe diversify among best in show EM sovereigns, but go heavy US treasuries (where the smart money is headed at present IMO). Deflation is real, and if QE ends as I expect the market is telling us it will (all the while begging for more) it is here.
I know I will be junked all to hell by the gold bugs and the hyperinflation camp, but the reason I think even gold is nearing a top is deflation is here. They have masked it for a couple of years with relentless FOMC manipulation and money printing, but the Keynesians themselves are waking up to the fact that the tail will not wag the dog. Don't be surprised when you see longer durations of the short end go negative as the fight to simply maintain overwhelms the quest for returns. I do not see stocks at present as "safety" as your friend claims to be seeking. Alpha obviously exists in EM stocks, but on this side of the pond dollar appreciation will put a dent in returns and is not "safety". My 2.
Scratch most of that if QE is announced. I think you know where to stick the money if that happens.
Deflation is here bitchez....
My people are risk adverse to US stuff - EU investors cannot stomach the recent theatre and nor should they. Simply put - the Russians, EUs and so on don't trust your plays here. She was looking at SWF's (esp Nordic) but it (rightly) worried at exposure. Given the ECB moves and hostile moves towards SWF I can't disagree - but I put E80,000 of my own into Singapore because no-one can touch that shit]. The plays toward Norway's SWF and so on... sigh. Kill them all...
I urged 100% flight to gold when it was sold by G. Brown [fuck yes, I understand why, but... URGGHH] and had a £1.37 mil investor on it at £397. They balked, and bought companies / land and only £457k in gold - arrrrrgh. That investment alone would be worth ... dsssfdggg!. Yes, they're happy, but... !!]
QEIII is happening, no doubt about it - however, it is politically motivated, and I'm facing people who cannot get the next TARP.
And yes - savvy investors have seen 2008 TARP, and want to know how they (like blond bimbo x2 wives of JP Morgue) can get a slice - my only issue is how illegal it is going to be to grab $250 million. Still... not seeing the housewives prosecuted, so.... game on.
Our conversation has morphed from seeking safety to seeking returns. From your friend to the Russians. I am not certain as you seem to be QE3 is a certainty. I do not rule it out, but even TPTB know it produces nothing of value except time. They have provided enough cushion to allow US business to stockpile cash to the ceiling. Training wheels have to come off now, and that is what the action in the markets says to me. Deflation? or QE which inflates everything we need to get past this depression? I think we are seeing the market react to the reality. No more QE. Accomodative policy, IE twist sure, but no more outright purchases IMO. Sorry but I am out of my comfort zone at this point. Good Luck.
If physical isn't possible, I'd recommend CEF or the same company's gold trust (GTU). They actually get audited on a regular basis and state very specifically in their annual report that they don't encumber their metals in any way.
this website is seriously fucked up today !
Not to gloat, but...
My volatility play (TVIX) made 40% today. Just wow. Should have bought more than I did.
@Sacrilege a suggestion, Disable as many bells and whistles (modules) on the site as possible for the time being to avoid server meltdowns. We don't want to miss the show! Thanks!
Is this the start of a market waterfall event?
Time to dust off those "DOW 10,000!" caps? ... again?
Asian markets are going to be decimated next two hrs, TSY yield collpase point to US recession overkill. watching/trading FX next two hrs
Asian markets are going to be decimated next two hrs, TSY yield collpase point to US recession overkill. watching/trading FX next two hrs
Well it shows we will have plenty of buyers for America's trash debt if things are allowed to collapse to their fair value...
DOW -512.68
badger whacking 101
Tyler, AH just made the Nightly News with Brian Williams (lead story):
http://www.msnbc.msn.com/id/3032619/ns/nightly_news/#44026512
Congratulations Again TD! Your hard work is being recognized even in MSM now!
I smell a ZeroHedge IPO in the next year or so.
So, uhhh Tyler, when the Road Show starts, will you give us a ground floor opportunity to get in?
Edit: AH should be ZH (obviously)
I took a screen shot:
http://missywpp.files.wordpress.com/2011/08/zh991.jpg
Thats bitchin bitchez.
Totally unrelated, but I think this site is getting jammed, Tyler. Problems all day. I guess the elites want to keep the knowing prols from gloating.
brian williams called today "dark thursday" ...meh...
I'm new here. This site found me in March(ish) and I could not be more entertained or fascinated. I've been to the coin shop a few times, The lead shop a few times. (I'm a lowly machinist)
Question: How do you convince your wife that her 401K will not be worth the Chinese monitor it's viewed on? Take the "future hit" and let's get physical? All of that hot-air-conditioning did not take out the snarls.
Anyone?
p.s. I make (mostly) socio-political music in as many genres as the economists make shit up. from scratch.
http://www.soundcloud.com/humboldtlagoon
Thanks, ZH and contributors for keeping it real.
nice tunes.
In an ideal world, the answer to your question would be straight-forwards: The gov decides your pension, but YOU control the physical goods you own.... the gov may be able to say "oh well, i just decide that i owe you less", but neither govs nor central banks can just say "i decide about what you're holding in your cold dead hands".
Sadly, it's not that simple. Sure, it may be that easy in the longterm, but in the midterm, you're facing the idiocy, that is paper prices (ETFs) influencing physical prices (what you're holding in your hands).... plus, there's the scare that the gov may just forbid that that you trade what you own, on official public market.
What i'm trying to get to is this: In the end, only what you control (and may even via illegal means trade with others) matters..... but in the midterm, the gov, banks and regulators can scare you a lot.
Perhaps, the biggest argument would be this: If the cash you're saving at your bank account devalued 20% in at most 10 years, then what will it be worth in 30 years? And even considering gov/bank/regulator interference, can you really be worse off in the longterm with physical? And what there the potential of you being better off?
Bottom line: Stop being concerned about IF you lose longterm - rather, judge chances HOW MUCH you may lose longterm.
Cash it out and use it to prep. You didn't mention how much it is, but I would suspect you would be better off putting it into supplies, food, etc.
Prepare for the day when your money buys nothing in other words.
Thank goodness for Mr. McGinley and his Dynamic - he is a genius.
these keynesians are some stubborn bastards...i like the "well what would have happened without the stimulus?" angle...
logical fallacies - burden of proof
Burden of Proof
Burden of Proof
proponent of stimulus - "you cannot prove that the economy would have been worse had QEx not been implemented, therefore QEx was a good thing!"
"I sure could use a little mustard on my french fried POTATOS mmm hmmm."
How quickly people forget their peas...
And BLACK EYED PEAS at that.
He did a "hard pivot" from jobs jobs jobs to a campaign fundraiser today.
The country's in the very best of hands ;-)
$USD still the KING after all, check USDCAD and
even AUDUSD. The only smart guy here, that I can remembers one that
said he sold all metals and now in cash.. Guess what
Silver tanked today same as stocks.. Anyways, I think
Massive coordinated QE could take place, EZ definitely
need QE, as their banks are very tight on liquidity
Watching USDCHF and EURUSD.
Money has no way to go. Everything dropped today..
This Market already factoring in Negative Jobs number
tomorrow, already in the cards... Heck, USDCAD at
0.98 already, Green light for QE.. Dollar is already
to high, from optimism to recession in 5 days, from
dollar collapse to "dollar too strong" in 1 day,
learning everyday :)
Yup mister troll-trackrecord sockpuppet - "dollar is king".
For those who want to check the "history" of this member:
http://www.zerohedge.com/users/moneywise/track
I will back to market when Dow hits 10K and Oil stable below 70. Meanwhile Ben is ordering large quan of papars and inks so when Obam and Congress knocking his basement door he can start printing right away.
approaching the final phase before the hyperinflationary spiral. a wonderful oxymoron befitting a bunch of elitist morons.
The man in lieu of the US president could hardly ask for a better birthday present going by his agenda. Good luck and God bless everyone!
This may be a dumbass question, but can Bernanke do a QE3 after all the budget fuss? I guess one hand doesn't necessarily have to wash the other.
He sure can, the Fed is independent by design. The only affect that the Treasury can have on the Fed is the return on the bonds it holds, but that is relatively minor.
The real question is what the Fed has left for QE. With yields at record lows on treasuries QE lacks the main sought after effect of driving down interest rates - the other being to print money into economy (which is really just giving ZIRP money to TBTF banks as play money to up bonuses).
The one disaster on the horizon is that QE3 comes in the form of outright stock purchases. You wanna see a fixed market go nutty, just have a big purchaser (The Bernanke) randomly select $10B a week in securities.
Someone is attacking ZH website? ZH down many times lately. I think QE3 will come on early Sept or early Oct. Enjoy 'Great Short' till next time.
People we're trying to see what was really happening, maybe they got tired (or scared) at CNBC
No, you're seeing what happens when major MSM sites direct link to ZH.
Remember: ZH is TINY BEANS up to now; major MSM sites such as the Telegraph are sending millions of hits here.Tyler has already said #1 server got fried. I did try n warn him about upcoming traffic, but meh!
Addendum: ZH has (allegedly) friendly Anonymous viewers, and Lulzsec (allegedly) like it as well. Attacks will be government sponsored only. You tell the truth, the good guys will look out for you, Allegedly. Ahem. Julian Assange thinks ZH is cool as well.
p.s. If you're not aware enough - recently, a major hacking zone was "outed" that spanned 15 years, and multiple sites. Guess what? It was a government (ahem.. I like chinese food) and had cracked more than a thousand sites that Anonymous and Lulzsec have pointed to. At this point, you need to grow the fuck up, and side with the lulz and realise - if they can hack it, OTHER MOTHERFUCKERS HAVE ALREADY. Thus, you need to piss all over the "HARD CORE" FBI arrests, and tell them - Grow up, get a clue, and fucking arrest the right people. The right people being... Chinese. /twats.
http://www.readwriteweb.com/archives/operation_shady_rat_may_be_the_bigg...
Yes... FBI.. arrest teenagers... ignore military industrial spying... because the media is your friend. Fuck. That. Shit.
Birds of a feather my friend, Birds of a feather
Having spent a summer with an underground Moscow group of hackers, no. And no, there was no phising or CC scams etc etc. Pure code joy. No money, but I did get to see the NASA launcher codes.
If you'd like me to explain why the FBI and so on are so fucking retarded to be untrue (OH HAI! WE IS LIKE ARRESTING THE TOP 1000 DDOS THAT PAYPAL GAVE US) when I can accurately link to over 50k active paypal fraudsters and phishers, then...Or wait.. I could link to the #25 reasons why PAYPAL is actively involved with fraud.
Oh. Wait. Political reason = anyone who used LOIC on them
Economic reason = we're fucking retarded and cannot chase the $50 million / year scams that use our site.
And....
Fuck them, and their rules. Next time, expect a HFT algo to rape any and all bids on Ebay.
For. Teh. Win.
;.;
I don't see Leo's blog today?
Leo is crying over his fucking solar stocks and his newfound advice to buy Argentina wineries.
fapping to Krugman spreads would be my guess. no pun intended.
Barry's re-election campaign:
I leave Washington for just one day and the markets go to pieces.
If Obama comes out tomorrow and says he will repeal Obamacare, the market will go up 1500 points.
get yer guns while you still can, bitchez!!!
So all majors down, USD up 74 to75.5.........coincidence?
Their all priced in dollars and the dollar moved first.
http://www.finviz.com/futures.ashx
This chart says it all..........everything down except dollar.
And what this tells us is.....
It's a good likeness, but the ears aren't THAT big!!
Guess he'll call up hank paulsen and ask him what to do now...
Between this and the new "print money ceiling" QE3 (and 4 and 5 and infinity) is guaranteed. The next few days could be a great time to stock up on Krugerrands.
I have an article from the June 24, 2011 USA Today (written by crackheads for dopeheads) "Market's slump not too troubling". Glad I didn't listen to these bastards (but then - I never did - just needed something to wipe with at the time). So, is it time to get back in? hahahhahhahahaaahhhahhahh!!
I have an article from the June 24, 2011 USA Today (written by crackheads for dopeheads) "Market's slump not too troubling". Glad I didn't listen to these bastards (but then - I never did - just needed something to wipe with at the time). So, is it time to get back in? hahahhahhahahaaahhhahhahh!!
Hehe.
For better or worse i went back in today, but only half my spec funds. I bet i can pick up a few pennies in front of this bulldozer. If not then you all get to laugh at me for trying to catch a falling knife.
Yours must be as big as basketballs. But I wish you luck- at least you aren't like the sheeple who are just going to wake up tomorrow and wonder WTF? when they see it in the paper. Course - then they'll change the page to find out who won american idiot.
I went all in during the past two weeks in PM junior and senior miners. What a roller coaster ride. Today my PM stocks got creamed , and all I could think was ' YEAH a buying opportunity of a lifetime ' , silver for $6 oz and gold for $400 oz. Good luck everyone, yours, Maverick
Respect is worth something. IE calling out long or short x before the market speaks. Robo always forgets to tell us his positions until after the close.
I am calling black friday, but have very little riding right now. Not a time to be a hero gents.
What would have been interesting is to see how much the markets would have tanked if the vix index would have been at 70 like in 2008.
Also, is there any way to buy some kind of VIX ETF?
Absolutely there is
long vix: VXX
short vix: XIV
there is, but i don't recommend it. bad contango.
REVERSE BANK RUN BITCHEZZ!
http://www.bloomberg.com/news/2011-08-04/bny-mellon-sets-13-basis-point-charge-on-clients-excess-cash-deposits.html
I think we're at a tipping point. clearly uncharted waters. I imagine a pitchdark forest, and a lot of very hungry bears.
Insanity all around. Schooltrips to Fukushima, artists painting burning banks, and get picked up by the popo for terrorism.
That's it. I'm moving to Mars.
:-)
Maybe the Fed will buy all of the unemployed. I predict +infinity on the NFP tomorrow.
Off-topic: Gibu, do our wives know each other from the old country?
If it's brown, it's down...
I want the good old days of the U.S. debt ceiling debates back. You know, last week. Things were so much better way back then.
Just curious- anyone here know if chuck palahniuk ever mention or read this site?
Frankenstein's creator, Percy Bysshe Shelley celebrates a Birthday today also was born August 4th, 1792.
http://www.history.com/this-day-in-history/percy-bysshe-shelley-poet-is-...
http://www.nationaltheatrelondon.com/wp-content/uploads/2011/01/Frankens...
What a coincidence!
. . .ahhh, but as we all know, November Spawned a Monster. . .
Sweetness, I was only joking when I said by rights you should be bludgeoned in your bed...
Youch. How many months of QE just got wiped out? See what happens when the printing presses stop. Bernankster just taught us a lesson. /snark
This would be an excellent time for a false flag terror attack.
10th anniversary not far off, and FEMA's picked 11.9.11 for their nationwide "drill"
Pensions? Negative real rates in bonds or negative returns on the year in stocks? How 'bout both?
Any questions?
isn't this about the time they trot out Buffet to say "Buy stocks, I did" ... then he stumbles over to his quotron machine to check quotes and he pisses his old man diaper and starts crying out for his mommy?!
Well they did next best thing. They trotted out Dave (payoff every debt you have ) Ramsey on Cnn to mug the folk.
Cheney's heart would be warming over all this, if he had a heart...
If they are going to do QE3, they better get moving because this sucker is turning into a depressionary death spiral.
QE3 bitchez!
Cognitive Dissonance bitchez!