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Market Shocked By Recessionary PMI Print, Gold Pummeled, Apple Slides, FaceBerging Continues
Down. ES is testing 1300. Gold pushing back down to $1550 (and the rest of the commodity complex plunging with WTI at $86.60), credit gapping wider, Treasury yields plunging to new records (10Y <1.57%!! and 30Y -20bps this week). FB -2.8%, AAPL -1.2% (down $12 from opening highs), MS -1.3%. JPY below its 200DMA
Gold vs 10Y TSY vs USD vs S&P 500
and commodities crushed as USD soars...
Charts: Bloomberg
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JPM is sure good at what they do. What do they do again? Are they a bank? Or a Fed tool of manipulation? Hmmmm.....
Preparations for the next QE are shaping up nicely. Need a higher USD, lower commods, lower PMI, lower BLSBS......
Thank you for asking. We short silver and lose money on bad trades in our CIO. Have a great day.
Sincerely, J. Dimon
Never try to catch a Falling Buck.
GREAT PHOTO!!! LMAO!!
Nice to see the 'recovery's' still coming along nicely...
sweet
they govern the US like they've done for over 100 years already.
NOW BOW TO YOUR MASTERS!
Even AAPL "sliding." We are all fucking DOOMED! And it's all Greece's fault!
WE'RE ALL GONNA DIE!
.
At least your get the choose your poison!
You can put your money in the euro....
Or you can put it in the dollar...
EVEN RUSSIAN ROULETTE HAS BETTER ODDS THAN THAT!
EVEN RUSSIAN ROULETTE HAS BETTER ODDS THAN THAT!
Hell, Russia is the only SOLVENT nation left, thats not in the ME.
No ... please ... I can't die before Apple TV comes out ...
Yes, you are correct, we are all going to die. However, some of us will have beautiful statues erected in honor of our contributions to society. I am confident that mine will be a glorious, carved marble masterpiece replicating my legacy to this wonderful country. Have a nice rest of your life.
Sincerely, J. Dimon
"I am confident that mine will be a glorious, carved marble masterpiece replicating my legacy to this wonderful country, for birds to shit on."
"...and for bands of patriotic rebels carrying torches and pump Mossberg 500's to enthusiastically pull down with log chains tied to their pickups and tractors when America is finally reborn."
A man can daydream, can't he? Or is that not allowed anymore? Pre-crime?
Never you mind the allowed.
The bigger the truck, more pull. Everything else is bullshit.
Well, if no one else volunteers I've got a pile of human feces and some plaster, I'm sure I could whip something out!
You happen to have a pile of human feces??
It's one of these things I happen to be able to generate on demand.
Eventually, yes, that is true. But not before I see the Bernank screw himself...
Life is 100% terminal
AND I ALSO BET YOU THAT THE WEATHER IS IN ON IT TO!!!
KILL THE WEATHERPEOPLE!!
.....you mean to tell me the Weathermen are still around?
Paul Krugman.
No, make that empty headed cleavage wonders that gets the old TV station boss's juices flowing again after being fossilized for decades.
Are Greece and Bush one in the same? :-))
The S&P is up about 3% YTD and it's not even June. That's on track for a 7% year.
Why the hysteria? No need for QE. It accomplishes nothing.
Crash how high did the S&P get...up 12%? It's given back 9% and on track for down 10% plus
This is all planned...
BEnron said, "we'll wait for oil to drop to $80 so Obumbo can get reelected and then we'll give 'em hell: $4 Trillion in fresh ponzi fiat linen..."
They will defend DOW 12k vigorously, they will defend DOW 11k with all they've got...
They will not allow their ponzi to collapse so easily...
Quality.
we are on the turning point...
YES WE ARE!!
http://northcountrynow.com/news/one-mysterious-cameras-mounted-pole-along-rt-56-norwood-058447
The handwriting is on the WALL!!!
GAME OVER!!!
YES WE ARE!!
Wonder how it will be before those are GONE?,my $ is not long.
No doubt warning cameras to spot any unlawful migrants OUT of the US.
pods
I am still amazed anyone falls for this shit anymore. Like this time they won't respond.
acts of god... nobody could have ever seen it comming...
Oops Gold up $40, now back down $20, will be down $400 shortly. Don't bet against the trend, stay away from it until it starts showing some decent moves
"Gold down $400 shortly"
I'll take the other side of that bet.
But first, define "shortly"
And then, perhaps even more important, define "$400"
Gold 'pummeled', all the way to $1550. LOL.
Gives the gold douchebags a big woody.
Define $400.
An amount that will buy you less this time next year.
Am I close?
The Media hype machine gets louder by the day while everyone stresses over the gold price movement in dollars.
We happy few, we gold stacking few...
The rest are simply goldbricking the public.
Down = Stack.
But wait a while. A tenner here and there does not make gold move. More like a hundred here and hundreds there.
Stay away? Hell no every dip below $1550 is an opportunity to buy (physical of course) with cost averages around $800 and the EU about to implode I'm laughing...
Paul, if you look at this as a geopolitical event rather than an accounting problem, the Euro and Gold is essentially a bet against Uncle Sam.
If the Euro implodes, Uncle Sam is the only game in town. Dollar goes way up and Gold eventually tanks and tanks hard.
Just saying.
Most blatant false dichotomy of the morning. +1. Or -1.
If the Euro implodes, Uncle Sam is the only game in town. Dollar goes way up and Gold eventually tanks and tanks hard.
When the Euro implodes, Uncle Sam will be the only game in town...until it implodes. Then gold will stand alone.
Just sayin'.
The USD is on the same trajectory as the Euro...it's just the Euro has a head start. To think otherwise is to not think at all.
Uncle Sam just lost East Asia to Uncle Yuan, Middle Asia to Uncle Au (quite SWIFTly I may add), and will soon lose Europe to the soon-to-be-sprung Uncle Mark and Uncle Franc. He can keep playing games, though.
I'll take that bet, Uncle Sam is a terrorist and I will no longer support his murder, corruption and treachery. I will not invest in something simply because it returns a profit, it must have a solid honest foundation and bring benefits to the populus. I have a good feeling BRICS and NAMS are also taking that bet so I won't be alone.
P.S. I have nothing against honest hard working americans we're all in this together and we're all battling government corruption at the hands of central bankers.
Not really, chinese are moving in:
http://www.japantoday.com/category/business/view/japan-and-china-to-star...
small steps..
it was a $1575 paper (ETF) sale action dude that is all. Don't confuse paper action with physical.
Remember: "We are in a recovery!" Damn it.
Thank God we have Spain!
Spanic!!
Very nice.
gotta give credit, though:
http://www.mining.com/2012/05/30/gold-traders-peer-into-bear-territory-i...
Did someone send out the 'wrong rumour'?
Markets all just dived like a German U-boat in the North sea.
Only Athens is up - that must be a bad sign!!
North Sea aint deep enough, it will bounce and break a neck on the bottom and resurface to die a slow drowning.
Gold pummeled.....amazes me...I guess they are putting their money back into the Greek banks since the ECB opened up their window again to them...lol...
$1575 ETF sale was tripped.
Those Dam Oil speculators!
The drug seems to be losing its effect on the addict, we need a new and higher dose Benny.
Wonder how many naked gold contracts they dumped today, 10am like clockwork...
You know..if I were another financial institution that wanted to hurt the morgue I would make them feel some additional pain in their gold and silver short positions.
Obviously, there is another whale out there with a big "hedge" on. LOL.
Still very orderly. Not enough fear per Albert!
The new American Dream? Survival
http://framework.latimes.com/2011/12/23/americans-still-struggle-with-lasting-effects-of-the-recession/
If Ben doesn't put some rumors out there soon this might fall apart on them faster than they expected.
don't you worry ... this well oiled machine is under the full control of the FED
Time for the EUR carp leap?
oh no oh no oh no oh no oh no
I have been ZUCKED again.
Why can't I open the JPM chart on Yahoo Finance?
LOL!!
JPM and Societe Generale the only green fianncials!
The Ponzi must never show weakness.
You just answered your own question....it's yahoo a piece of shit service. JPM is up 4 pennies at 33.04
500 Internal Server Error
this clown nose is vary handy, you can't smell the banksters sweat.
Does Ben Shalom have a QE# button at his desk that he can push to start up the printing presses, does the Fed have priting presses overseas to faciltate the process.
I can see the Time mag cover now "The Bernank Saves the Euro"
and prevents me cleaning my nose with my fingers because i don't know what else to do...
Well, say what you want about the dollar, but right now it's looking pretty fucking good.
Amercia, fuck yeah!
off to the coin shop...
did I mention "buy the fucking knife"?
Like the Cold Steel Espada?
What is the point of drawing a bubble around prices on the right side of the chart?
No shit - the right side of the price data lines shows what is going on right now.
We're not in fucking grade school here, Tyler.
Apparently three people are still in grade school.
Left to fight is a difficult concept.
Good Lord don't tell my wife about my physical.
Time for a FLASH CRASH! All systems down please.
All according to the script.
I have a hard time grasping that the market participants seem to be so short-sighted (stupid?) and old-fashioned (USD up, treasury yields at record lows, etc). Herd mentality at its best.
<The Incredible Bulk> Ben angry! Must smash gold!!!! Grrr!
Ruffles feathers, Gull happy, must pick gold pieces now before all the rest of the scavengers strip the place.
Ben can clean up the droppings.
Dr. Copper is conducting quite the predictive seminar...
Cu has broken below $3.40; $3.36, as of this writing -- amongst the lowest prices seen since December, 2011.
People are morons, the headline might as well read -"People surprised by the finite nature of the real commodities needed to make real things and feed real people, people awake and demand edible paper and ipads"
I thought FB was a 100 billion dollar company. I looked near the chart and it said 60B
No. FarceBook was supposed to be a $1 TRILLION co...
Snake oil sales pimps blue horse shoes
Markets barely down .5%? Laughable its that resilient on 3 misses to economic data. But one good print sends the market up 2%. insane.
Liquidation, selling what they have to, not what they want to
Just like the cars in front of every other house on every street in Amerika with 'For Sale' signs in the windshield... +1
Those are not the cars you see.
Look into the Auction Houses, Salvage and Repo Facilities in the major cities.
MEANWHILE IN THE LEGION OF DOOM:
Mr. President, you have a choice to make. You can either have the stock market plunge which will piss off your biggest donors and guarantee you lose the election. Or you can give the green light for QEinfinity which will send the stock market soaring along with everything else and kill the dollar. By election day gasoline will be $14 a gallon and a gallon of milk will be $10 which may spark riots in the streets.
With QE your donors will be very happy and there is a very good chance we will be able to buy enough votes to give you a slight edge over Romney. You may be able to blame all the strife on the uncertainty of your re-election. You must start saying that if the polls were strongly in your favor, the economy would be far stronger. This may be enough to shift the blame of the crushing inflation on Romney. Remember accuse your accuser of doing what it is you are doing.
Ask yourself. Are you a president of the people, or the president we put in for us? We promised Zuckerberg he'd be a billionaire if he got us the personal information of a billion people. That little fuck might go public with what he knows.
Which button do I push? The Red one or the Green one?
Thanks,
Barry O.
I don't give a damn for the high gas. I have been prepping for years.
I don't care if Milk is high either. Bloomberg will eventually ban that too.
I would wait until I got fired by this years elections and then pull some kind of major stunt in the last 60 days or so and leave the stinking rotting mess for the next person.
Gold is trading like a stock that follows the euro. It is so weird and has nothing to do with a currency or a commodity ... it's just a trading tool for bankers/traders/computers.
No, it's trading like the only hard asset they have that they can sell.
Works pretty well for TBTF cabal's naked shorting tho.
Ackerman has left DB...the rats are starting to flee.
Just another example of why I seriously doubt the 'QE-NEW is now 100% guaranteed!' line.....if thats what was coming why are all the bigwigs abandoning ship?
They are selling the papers for good money.
When paper burns in a inferno and wipes out the entire theather, then the metals will take center stage.
By then, say a month or less from now, anyone in paper is shit and anyone in metals sitting good.
Remember...
The bank smiles at you and sometimes YOU smile at the bank.
So which is which?