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Market Collapses
Update: Just out from Reuters which could be causing the plunge: No Plans for Financial Assistance for Italy From EFSF
The ES just fell off a cliff. For now there is no news: some speculation attributes the move to news that the supercommittee has been a catastrophic failure and no decision will be reached, but we knew that. Another reason is attributed to Fed member Sandra Pianalto stating that Europe is heading for a recession but that is not news either. Most likely just a case of HFT stop as technicals get hit as the EURUSD slides and selling begets selling. Yes, it is a "broken market" for a reason. Watch for the blame HFT crowd to come out in force in a few minutes on the financial comedy basic cable stations.
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Complete crash in interest rates.
10-yr. back down to 1.97%
Free money for everyone!
You are a fuckwit.
German nuclear powerplant meltdown can no longer be kept under the rug.
Expect Merkel to resign and millions of eurosheeple to find out they have been poisoned.
Nuclear black plague!
Link ?
Knew about the iodine .. but so far nobody's owned up !
Start The EU Potato(e) Lines ...
Free Money Is Coming...
Count on it.
It's that, or worldwide callamity.
NEWSFLASH: Presidential "hopeful" Herman Cain just asked a roomful of latinos "How do you say 'delicious' in cuban"? Our question to Cain is how do you say 9-9-9 in zimbabwean?
Sabroso
FOR PEOPLE LINVING IN THE ESCLAVAGE, NOTHING TO LOSE...SO...WORLDWIDE CALLAMITY WELCOME, EVERYBODY SIMILAR. BUT NOW...HOHOHO...ONLY FEW PEOPLE ARE LIVING LIKE FUCKING KINGS AND THE REST AS ESCLAVES...
INSERT COIN BITCHEZ !!! INSERT COIN, DONT STOP.... AND TAKE IT TO TAX HAVEN COUNTRIES, VIRGIN ISLANDS, CAYMAN, SWITZERLAND....FUCKING VIP!!!
Theyve already flooded the earth with as much free money as anyone could ever print, and yet we're still collapsed. So now what?
A little metaphor may be instructive: What happens when the ground [banking system] becomes saturated, and too much water [liquidity] pools up on the surface? Catastrophic collapse by LIQUEFACTION, which is what I visualize when I recall the (semi)famous quote from the '29 Crash: "They held their ground 'til the ground itself gave way beneath them."
Who says we can't have both.
Doesn't seem like the News supports the crash.
Me thinks that BIG BAD news is coming within the next 36 hours,
and the insiders have that info.
The public doesn't.
YET.
Black Friday? Commence happy hour in 3 2 1....
INSERT COIN BITCHEZ, INSERT COIN...!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!11
Potato lines in Europe equals soup lines in America. This problem is not isolated despite what equities are saying via the DOW. This sum-bish is going to hurt everyone.
First they attempted to fool the sheeple into believing radioactivity rise was due to fecal matter:
IAEA has now posted a coverup story:
http://www.iaea.org/newscenter/pressreleases/2011/prn201127.html
They are now trying to fool the sheeple into believing it was a discharge from a medical plant in Hungary.
It's all extend and pretend, kick the can until the can explodes in your face!
But the clear sign that this is a major event, even WORSE THAN CHERNOBYL is the fact that the Maginot Line has been breached and FRANCE HAS DETECTED INCREASED RADIATION too:
http://www.prisonplanet.com/radiation-spreads-to-france.html
This is just another nail in the coffin for the eurosheeple.
The continent is already poisoned:
http://www.guardian.co.uk/environment/2008/feb/23/pollution.water
I'm not sure that it could be covered up in Germany. The Greens are in Government and you're talking about a country where every school will have a Geiger counter.
Your Guardian story is from Feb 2008 your IAEA stor is from Sept to now this year.
It's a very big leap you're making.
German companies poison the world with their nuclear powerplants. The Greens? You place your hopes on them?
http://blogs.wsj.com/source/2011/11/14/germanys-nuclear-exit-sparks-desp...
IAEA press release is from today (nov. 17). Guardian story is from 2008, but was included to point out the fact that nuclear disasters in Europe are swept under a rug.This time would be no different.
If IAEA "official version" were true, Budapest would be glowing in the dark. Do you trust your elected/unelected officials?
Awww Ahmeexnal... you really can't wait to see Europe fall... grabbing on to every glimmer of hope...
It's not gonna happen babe...
Now get a life.
Euro collapse is nothing new. You must either be a teenager or a brainwashed sheep who believes "all is fine" and whose knowledge of history is limited to last week's VH1 top 10.
Collapse will come again.
THE SORROW AND THE PITY, a 1969 documentary by french film maker Marcel Ophuls shows truths about collapse that many want to keep well hidden under the rug.
Economic collapse is always unlikely, until it happens.
All was well in 2008 too...'contained to sub-prime...nothing to see here'....uh huh.
REAL COLLAPSE OR FED PLAYING WITH DERIVATIVES ????
Been any cover ups here?
http://www.miller-mccune.com/science-environment/50-years-after-nuclear-meltdown-3510/
Nuclear meltdown in San Fernando valley. That would explain why the pr0n industry took over the place.
A different kind of "Deer in the Headlights"
Here's the latest.
http://www.reuters.com/article/2011/11/11/us-nuclear-iodine-iaea-idUSTRE...
I just love how they categorically deny it was from Fukushima, "because that was so many months ago." Never mind there is ongoing spontaneous criticality going on STILL. Better yet, at the end of the article they admit that Fuku iodine was detected in Europe after the initial explosions.
Radioactive iodine may only have a half-life of 8 days, but that still gives it about a month before it becomes undetectable. So, if it's shown up once, it is possible that it's still arriving. Especially if they've vented their new tents up the stacks, placing the contamination higher up in the air.
I do not claim to be an expert however, this is just mere logical speculation.
I wonder how former Robo-darling Travel Zoo is doing these days?
Correction: Fuckwad
Fuckwits are funny when fucking.
Like John Cleese in "Meaning of Life". funny stuff.
Humphrey: So, just listen. Now, did I or did I not... do... vaginal... juices?
Pupils: Mmm. Mmm. Yes, sir. Yes, sir.
Humphrey: Name two ways of getting them flowing, Watson.
Watson: R - rubbing the clitoris, sir?
Humphrey: What's wrong with a kiss, boy? Hmm? Why not start her off with a nice kiss? You don't have to go leaping straight for the clitoris like a bull at a gate. Give her a kiss, boy.
Wymer: Suck the nipple, sir?
Humphrey: Good. Good. Well done, Wymer.
Pupil: Uh, stroking the thighs, sir.
Humphrey: Yes. Yes, I suppose so. Hmm?
Pupil: Oh, sir. Biting the neck.
Humphrey: Yes. Good. Nibbling the earlobe, uhh, kneading the buttocks, and so on and so forth. So, we have all these possibilities before we stampede towards the clitoris, Watson.
Watson: Yes, sir. Sorry, sir.
Fuckstick. Fuckwit's twin.
Say, betcha next thing to be done is that Uncle Warren, in exchange for supporting the S&P so nicely (An alturistic man if you buy that crap from CNBS, etc. Who by the way, whilst preaching about free markets, capitalism, hard work, everybody having a shot at being president which has been shown to be true of late, has never ever not bought anything that did not have a great deal of regulatory oversight upon which he could exert influence, aka regulatory capture, to make his deal work, being politically plugged in.)
But back to where we were before I so rudely interrupted myself, so he helps pump the S&P and since it's now having trouble, betcha the next big move is a thank you from DC in the from of a $100,000,00 grant to establish and fund the Jerry Sandusky's Little Boy's Buttball Leagues as an educational tool to get the tots ready for the real world screwing.
(strains of America the Beautiful)
I prefer "Shitdick"
(I'm not prone to swearing but in this case I thought I'd off up unused fodder for those who partake freely in the practice."
TD - Are we sure it's not the 20 year old math PhD's who love charts and determine the future direction of the market? They must have run out of LONG /es history to keep the market going up?
If by 'money' you mean debt.
If by "debt" you mean hedged leverage.
Robo u loved ANF a month ago. Good time to average down?
http://www.tshirtoftheday.co.uk/wp-content/uploads/2009/10/Applecrumblef...
If by "hedged leverage" I mean free money.
The circle is completed.............and that's the way the corrupt system works.
The only Leverage we should be talking is this...
http://www.amazon.com/s?ie=UTF8&keywords=Financial%20leverage&rh=n%3A283155%2Ck%3AFinancial%20leverage%2Cp_lbr_one_browse-bin%3AKarl%20Denninger&page=1
Funny to consider the pricing of Karl Denninger's 'Leverage' book you are recommending there ...
As per your link there on Amazon, hardcover list price US $34.95 (ha!), Amazon selling at 42% off for $20.21 ... other outlets selling it for as low as $17.50 brand new ...
And this is just the first week the book is officially published ... used copies soon perhaps for a buck or two.
Nothing in particular re Denninger, but overall I am not sure we are really in the 'book' era anymore, tho for a guy of Denninger's age it may still seem a big thing to 'publish a book'.
But really today, info on the web is more 'primary' as exemplified by ZeroHedge. Karl Denninger will be more famous (or less) for what's on his website (where Denninger often repeats ZH article topics with no hat tip, instead he quotes the sources cited by ZH, with Denninger sort of pretending like that's where he news - hounded it, ha!)
Books have some use, and indeed I own a few, but I think the kind of books one would buy, own and keep, are much more limited than before. Books on financial topics that get out of date, are not so much in that category.
I'll stick with FAZ..
Right there with you homer...
I gotta give it to you Homer.. you've been bullish with FAZ for a while and it's still going up. Plus you're not being all HoboTrader about it.. Good work.
and YANG... China could land harder than FAZ - further to fall...
Yeah, and it will negatively affect Aussie mining dramatically too.
Got me some too. A little early, but I'm back even now.
I'm up with VXX and almost even with SDOW.
And I have puts on UYG... problem is that I've had them for a few weeks! I overestimated the speed at which equities' would be able to recognize risk.... I didn't think it would take a statement by Fitch for them to come to their senses.
The bigger the effect and the more/bigger that bet against it the longer the delay. I admire your patience.
Patience is the polite term... "stubborn" is probably more accurate since I've spent these weeks screaming at my screen. Thanks though!
Gold or the 10-year...Gold or the 10-year...The scales are wobbling...Buy gold have no fear...Better yet, buy silver!
Silver's on sale. Tracking the drop in SPY. Correlation, anyone?
But I CAN'T EAT IT! All investments MUST per definition be edible.
Cyber-bullshit is the same as human bullshit.
Some humans are starting to figure this out.
Nice call on DOW 15,000. uyor dlisexic
I've said it before, the EU doesn't have that money to fund all these money pits. Even if Germany wanted to, they would still be funding them year in and year out because if they can't afford debt how is it more debt will be affordable to them?
When the stupidity reaches all time high, things collapse, nothing surprising.
Twitter did it
Twitter and cocaine did it*
And when they run out of coke it redirects to Tweeker.com
Yikes. I typed that in for the fun of it. Should have known better. Almost lit up the IT department like a roman candle with that one!
lol shit, I made it up, I should have known it was a real site, sorry
It was pretty funny. I knew better though. Pretty much a 90% or better chance it was going to come up something like that. I think I am more sad now that I couldn't open the site's homepage. Curiosity is killing me now!
http://www.redreign.us/tweeker.jpg
screenshot of homepage to tweeker.com
curiosity satiated?
Don't forget Hungary was just slapped across the face with reality. Up 4% on bailout rumor today. Down 4% tomorrow on reality, no bailout. Come on with the JNK rating already..
ES trading range has been narrowing for a few weeks now. Looks like we have our first big breakout. Timberrrrrr
should i go long HP printers?
Yeah, it formed a beautiful triangle, and now it's forming a beautiful breakout. Target is about Dow 10,800.
owned
sweet........lets keep heading south.
Tick bounce imminent.
The Super Committee is a super failure, BITCHEZ!
Cue the deer.
Anybody else remember this:
http://www.youtube.com/watch?v=5gmpbsZ9H_w
May 6 2010
http://i74.photobucket.com/albums/i249/clouda9/Food/deereatingpopcorn.gif
I like the popcorn eating deer better.
Tyler, let's try this guy out for a change once in awhile.
Hey..... You can't fool me.....
That's not a deer!
That's one of Krugman's martians come to fund the next round of corporate welfare give aways.
Would somebody please pray for Krugman to become dumb (speech-wise, I mean. He already's got the other aspect covered.) 'cause at least he'd be a hoot to watch waving his hands all over the fucking place on the telly.
Deer In The Headlights …..
Urban Dictionary:
A mental state of high arousal caused by anxiety, fear, panic, surprise and/or confusion, or substance abuse. A person experiencing the "deer in headlights" syndrome often shows behavioral signs reminding those of a deer subjected to a car's headlights, such as widely opened eyes and a transient lack of motor reactions.
Mike doesn't like cars; he's like a deer in headlights when he goes to his driving lessons
Wiki Answer
When deer are in the dark say by the side of the road and a car's headlights shine on them, they are blinded momentarily and are susceptible to being shot. That why this method of deer hunting is against the law.
It is an expression that means that you are too stunned to move. In other words you are terrified. It comes from when you catch a deer in your headlights and they just freeze.
The Word Detective
We do know that “to look like a deer in the headlights” leaped into the public vernacular in a big way with the 1988 Presidential campaign of George H.W. Bush. Bush’s running mate, Senator James Danforth (“Dan”) Quayle, was widely (and arguably unfairly) regarded as unprepared for the job of Vice President. During a debate with Senator Lloyd Bentsen, Quayle defensively compared his level of experience to that of John F. Kennedy when he became President, to which Bentsen famously replied “Senator, I served with Jack Kennedy. I knew Jack Kennedy. Jack Kennedy was a friend of mine. Senator, you’re no Jack Kennedy.”
Using English
When one is caught off guard and needs to make a decision, but can not react quickly enough.
Oxford
Used to refer to a state of fear, panic, or confusion so extreme that it is impossible to act or think normally: faced with too many choices and not enough real information, we are like deer caught in the headlights, his deer-in-the-headlights expression
Wiktionary
Deer in the headlights (uncountable)
(idiomatic) A mental state of high arousal caused by anxiety fear, panic, surprise and/or confusion, or substance abuse. The behavioral signs are like a deer subjected to a car's headlights, such as widely opened eyes and a lack of motor reactions.
I like killing pigs for my dinner.
http://www.youtube.com/watch?v=EjYLRxHWKiQ
Good practive for the future.
I've NEVER heard that....that's incredible.
A 10 handle spread.. LOL
I remember looking at my chart that afternoon, I said "whatever" and walked away. I assumed it was a data error.
This version of the soundtrack has a live graph.
http://www.youtube.com/watch?v=9OWFaGNN5hU&feature=related
Chilling.
Punting everything they can to raise cash (or capital for banks). Apple, Chevron, Gold, anything they can get off cuz stuck in mud with most.
Debt saturation and the algos will start to fail. Can't hold up all the intertwined CDS and other "insurance" products that are so much bigger than the underlying securities that they are meant to insure. What a mess!
It seems very plausible.
Of concern to me would be the fact that almost everything seems correlated these days. for instance, Gold seems much more correlated with the stock market than it did earlier in the year.
the question: does this mean that people are selling anything they can (good assets like gold) in order to meet margins and requirements? or does it mean that the hedgies and big financial players have speculated in gold more than some realized?
disclosure: I am not a gold hater, nor am I a gold disciple. Gold makes up a sizeable portion of my assets right now, although some is in form of CEF, which I last bought A TON OF back around Labor Day, near its top, but I also have a lot of CEF that I bought years ago for around $7.65 if I remember correctly.
Physical gold and silver will retain their value. Paper assets won't.
No matter what happens, an ounce of gold will still be worth an ounce of gold.
obviously. but that's circular logic.
one oz of gold will always = one oz of gold
and one dollar will always be worth one dollar.
But the purchasing power of one dollar is oscillating like crazy these days, and will eventually go near to (or perhaps) zero. the timing of this of course is unfortunately unclear. (will it be a month, a year, 50 years? will the purchasing power of the dollar surge and then collapse???)
And likewise, the purchasing power of gold is also oscillating a lot these last few months. The purchasing power will never go to zero, but it can fall a lot, or rise a lot. (there is no question that the purchasing power of gold has changed these last 3 years... even accounting for dollar destruction. there is no question that the purchasing power of gold fell significantly after the gold bubble a generation ago).
I simply don't like the fact that gold's purchasing power is oscillating in a way that is positively correlated to the oscillation of the purchasing power of an index of stocks. I felt more comfortable when gold's movements were not so lock step. To me, it raises the possibility that the same actors who have propped up equities have their hands in Gold.
It will not feel good to me if I can pay all of my living expenses on 1.5 oz of gold/month now, and if it costs me 3 oz gold/month next year.
Nice work, hmmm, that's exactly what's worrying me about my PM holdings. Everything these days is about preserving wealth in purchasing power terms -- it's the best we can hope for realistically.
Unfortunately, ZH no longer provides any balanced analysis to help with purchasing power preservation: it's all just selective articles supporting short positions on the EUR and stocks and long positions on PMs (probably bought through the site ads). You need look no further than Tyler's ads today to see how biased it's got around here. I would have thought a note that gold is down almost twice as much as the market would have been obligatory in a "market crashes" article but oh well -- and certainly no mention of the fact that the EURUSD is basically flat despite this.
Anyway, you're right: gold is now too closely correlated to the market to be a true safe haven these days and it's hard to find one. A bit of discussion of this would be good, Tyler might yet surprise us with something not just informative, but also balanced and therefore more helpful.
I was watching the EURUSD pair right as it struck. Looks like stop losses right at 1.3495. It tried 3-4 times today to break it and finally did at 13:29 EST. When that got hit, the bears took over 4-5 to 1.
-1692 TICK, 3rd highest of the year.
TRIN went straight up to 3.0 in about 10 seconds.
Everything getting thrown out at once.
must be a hard day being long in the old 600 square feet apartment overlooking a jammed los angeles freeway. or is in the corner office with your 3 monitor, state of the art work station where you process 1099's contract, part time? or is it the 24th floor of some high rise in los angeles overlooking the ows riots?
robottrader: so many stories, so many lies.
It's obvious that the guy has big pleasure seeing you all guys foaming at your mouths. It doesn't matter if market goes up or down he has allways few remarks ready for you and always gets proper (expected) response. Don't you see that yet? I think at some point of time when he used to post his real thoughts he got rejected and now just trying to get his revenge.
his real thoughts are cliche and exaggeration. virtually nothing he writes is original. it's yesterday's news. that said, the tard has a clear, documented record of failure in trading the market. that's why he resorts to saying absurd things like such and such will go up unless it goes down. and yet there are those who hang on his every word for market direction.
He used to post regular content. I have been reading his 2009-early 2010 stuff this week. Marla and Tyler used to talk with him openly in the forums.
Then everything just stopped. I have not found what it was.
tyler has openly mocked him in the recent past, listing his most egregious flip flops. btw, the 'tard does not trade. he owns a few widows and orphans stocks. that's it. his words. not mine.
i think when they realized he was a loose cannon they beat a hasty retreat. his lies and continued misrepresentations and exaggerations lead me to believe he's unstable.
Makes sense. Although I suspect that he still posts as a Tyler, admittedly I am not positive about that at all. Some of the phrasing seems similar.
I just enjoy the mythos of the Hedge.
photos of lewd acts must have surfaced
Thanks Tyler
1713!!!! 31.40!!! WE ARE LOSING THEM DAMMIT!!!! MEDIVAC THEM TO THE STATE TRAUMA UNIT THAT HAS THE ONLY PRINTING PRESS WITHIN 200 MILES!!!! HURRY!!!! FLATLINING!!!!!!!
this is hardly surprising. there will be more dips especially when big money starts liquidating their GLD positions to raise capital. be patient. the mass remains asleep. no need to wake them up when we can keep stacking at discounted prices.
The only numbers that are relevant:
silver/gasoline (USD)
silver/housing cost (USD)
silver/food (USD)
silver/health care (USD)
Feel free to plug in inflated or deflated context to this model. Today is a good day to trade nominally free debt money for metal while you still can.
You do also know there are those expected 55,000 or so naked short orders that are about to expire unless some sort of manipulation takes place.
Also you do know that we are entering the traditional dip period for most commodities (Beginning from December, ends sometime in late March or April). Right?
To think it's only a week ago that I posted (in TD's "Bye Bye 1700 Gold" thread) that I was shorting $1793 and would see you ladies again at $1700. Did't THAT activate the ADHD of the retarded 8year olds who think that some assets should only ever be bought, regardless of the fact that every small speculator on the planet was already long.
Likewise, it's only TWO days since I posted "Fuck this shit, I'm shorting DJ30 @ 12110" (I covered all at 12050 - it was only an intraday scalp).
Well, now I just BOT DJ30 @ 11675 (it's up to 11700 in the time it took to type this), and I'm closing the second half of my Gold short now.
Before the howls from the mongoloids commence, I say again: a TRADING position is not, and should not be, a reflection of long-term beliefs or philosophy. I'm a long-time gold bull/equity bear - from 2002 - and as a Rothbardian anarchist I know full well that governments will eventually drive their currencies to zero. But Gold will not get another head of steam until the numpties are all scared of it... like they were after the $400-plus downdraught the LAST time every journalist on the planet cared about Gold quotes.
EDIT for clarification: the long DJ30 position will target a 100-point bounce, which ought to unfold over a day and a bit. It's not an intraday "empty hands" position.
EDIT to boast: took half off just now at 11740. Not greedy...
Damn you, StockTwits!
No supercommitte resolution is so bullish for the US dollar you don't even understand. U.S. dollars out the wazoo!
Yay! Automatic spending cuts that no one can fuck up! I hope the committee fails!
And interest rates will skyrocket causing the debt to be even more unservicable. Return to your normal lives, citizens, this financial crisis is over!
Oh no. The one thing they WILL do is nullify the automatic spending cuts. The big question will be if any of the rating agencies have the balls to downgrade US Debt as a result of complete inaction.
Of course, it is all comical because we all know that the system is built on perpetual growth and any cuts are deflationary - only to be met by even more leverage (and printing at some point). Death by deflation or death by inflation. As long as we are working within the confines of the current system, the choices are just lovely!
Yep. Anyone who thinks these automatic cuts will be honored hasn't been paying attention... for decades now.
Rooting for epic fail. Automatic spending cuts for DHS and TSA. Let them shrivel on the vine.
Saw a DHS FPS Chevy SUV this morning on the way to Work. FPS (Federal Protective Services)? What the hell?
Collapse by Micheal Ruppert. Everybody cry!
Twitter Crash
on that much volume, something just happened. it bounced at chart support on the hourly. if it sits on a 1 hour below 1212.5 could get real exciting.
"Debt the only thing still made in America"
GRAVITY is a BITCHZ
most likely scenario is people waking up to the mutha fuker global corzine scheme and heading for the exits before everyone else realizes that their mafia banker is about to loot their account.
As the late but great Notorious B.I.G. said it best: Gimmie da loot Gimme da loot!
Nothing special here ... just average mini flash crash. This is a gold led slap down. Gold was first to drop, then equities, then Euro ... check the ticks
Well spotted.
JPM/Fed gold manipulation as catalyst for market crash.
Karmic Poetry.
QE3 bitchez?
EURUSD collapse. Remember anyone trading in the SPX is trading EURUSD. Its a good day to work more long positions in PMs, thanks to options expiration and the manipulation there. Buy some miners, short the ES, sit back, drink a beer, pop some popcorn, turn on CNBC and laugh at the idiots on Fast Money.
option expartion, pre pre holiday, Euro bank burn, margin call, tax loss selling, low volume vac tube suck off.
Whee!!!
I watched that freakin' flag form and compress before noon and with gold and silver pointing way down, I thought "time to buy a few more SDS".
: D
AAHAHAHAAHAHAHAA!!!!! Eff 'em all! It has to come down sooner or later (ES global paper asset bubble). Let those bitchez at the TBTF Banks rot! Hold your physical PMs boys! Oh and don't forget to BTFD!!!
PPT to save the day right at -2%, like clockwork.
You shouldn't be suprised, these criminals control the market, they can make it do what they want.
We must abolish the federal reserve
Not quite a collapse but a good move nonetheless. The GREEKS are BACK!!!!!!! They just won't go away.
You know the Occupiers are going to take credit for this.
I hate my Govt.
i hate your government, too. but ron paul is surging. and no one's talking about it. so i hate your media, too.
I love my government.
I trust my government.
I understand my government.
Which, of course, is the beauty of self-government.
Now for all of you irrational people demanding external governments...
You sow the wind, you reap the whirlwind.
rumor is unicredit on the ropes, buy more pasta.
There was an analyst from Unicredit on Bloomberg Radio earlier. When asked what his target was for Euro/$ in 12 months time he hesitated and said 1.40
I forget his exact words, but when asked what the rational for his prediction was he basicaly said
- er ... its a complete guess, in fact everything now is a guess really.....
That was very much the end of his slot!
Bullish for Chianti and Brunello futures.
Where's Waddell and Reed?
King World News boys must be scratching their heads today
Ralph N. Elliott can explain it......
I tend to agree. It's not been great for timing the moves, but if you know the imminent direction and you're smart, you can survive a little bad timing.
I've never seen so many wave 2 peaks- its like looking at a foto of the Grand Canyon....
actually, they're buying gold and silver for delivery. probably bought yours after your panic sale.
Dude, wait for the 5pm announcement by the CME that they raised au/ag margins yesterday
Guaran-funckin-teed
No. It's that idiot Bove who said that U.S. banks will benefit from the European crisis because everyone will send their money here. Brilliant. What will our banks do with the money?
it will get corzined
Big players always pull their equity bets when they see global riots. Especially around Broad and Wall.
Oh and add in UBS layoffs
clearly this was the result of HFT systems being duped by a rogue twitter account soon to be attributed to the financial services division of Al Qaeda.
They hate us for our freedom.
"I like money."
how low do we set our flash crash buy limits on TMV ? anybody ?
if I can remember where I put my quantum physics calculator I'll do the math and get right back to you with the answer. just hold tight.
I'll wing it and say 51ish, before it's our turn in the U.S. to roll over.
London Occupy eviction notice looms in next 10 minutes
that should be fun..
All I know is ZH rules with the amount and quality of posts daily. I am struggling to keep up today and my biggest problem is a can't get any work done while I'm at work. Continue on and thanks again for the keeping it real.
silly you at a day job. OWS!