Market Snapshot: US Friday Afternoon Hope Dashed

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Sun, 09/18/2011 - 21:24 | 1683372 H H Henry P P P...
H H Henry P P P Paulson's picture

More like Market Slingshot.  How about some Warren Buffett jokes?

Sun, 09/18/2011 - 21:55 | 1683458 ihedgemyhedges
ihedgemyhedges's picture

Ok.  What do Warren Buffett and Jimmy Buffett have in common?  They're both past their time and sing the same song over and over and over again.........................................

Sun, 09/18/2011 - 22:08 | 1683489 Jeff Lebowski
Jeff Lebowski's picture

McDonalds released a new Obama menu.  You get the meal and the guy behinds you pays for it.

Sun, 09/18/2011 - 22:19 | 1683509 Pool Shark
Pool Shark's picture



McDonalds is naming a new McRib sandwich after Obama:

It's pure pork and double the tax...


Sun, 09/18/2011 - 23:17 | 1683610 IronShield
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What do you get when you cross the Godfather with a Lawyer (or Politician)?


An offer you can't understand!  Yuck, Yuck, Yuck...

Sun, 09/18/2011 - 22:16 | 1683469 Spirit Of Truth
Spirit Of Truth's picture

Warren could end up part of the bears' buffet next week.

Bernanke wants to manipulate the markets with his....oh jeepers we're having a 2-day meeting this time around....Mr. Wall Street just knows the all-powerful Fed is going to hand out cookies and ice cream after meeting.

Ben....Tim....go stick it where the sun don't shine.  The market is God and you are false prophets.  Sit down, shut up and learn who's boss.

Arrogant ignoramuses.

Greenspan: "I have found a flaw."

Sun, 09/18/2011 - 22:28 | 1683528 macholatte
macholatte's picture

They need 2 days because it's the annual Fed - GS gin rummy tournament. The winner gets to change his name and receive a government pay check for life. Watch it live on ESPN.

Sun, 09/18/2011 - 22:51 | 1683531 X.inf.capt
X.inf.capt's picture

i bet you did, greenspan, its called YOU!

mr. zero stroke  himself

Sun, 09/18/2011 - 22:27 | 1683525 franzpick
franzpick's picture

Time for Becky to remind Warren what to do when the euro bond wide-on appears.

Sun, 09/18/2011 - 21:26 | 1683377 NumNutt
NumNutt's picture

Market slapshot? Or the Greek effect......

Sun, 09/18/2011 - 21:28 | 1683392 way-out-west
way-out-west's picture

Market Buckshot!

Sun, 09/18/2011 - 21:36 | 1683418 Long-John-Silver
Long-John-Silver's picture

Or Greeced rails.

Sun, 09/18/2011 - 21:29 | 1683394 chump666
chump666's picture

-1.7% fall on copper.

Sun, 09/18/2011 - 21:35 | 1683414 Long-John-Silver
Long-John-Silver's picture

Copper thieves will work 1.7% harder. There are an endless supply of empty, Bank owned homes to strip.

Sun, 09/18/2011 - 22:15 | 1683497 DeadFred
DeadFred's picture

Bullish for meth.

Sun, 09/18/2011 - 22:27 | 1683526 Caviar Emptor
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I saw this today: 

More people in US now die from drugs than auto accidents. First. 

Sun, 09/18/2011 - 22:15 | 1683501 Hephasteus
Hephasteus's picture

Copper's worried it's going to get a fuck off letter. And noboy will buy any copper wire to send it.

Sun, 09/18/2011 - 21:30 | 1683400 Barb Dwire
Barb Dwire's picture

You know the drill, fade the market into the open, then the bots pump pump pump it like John Holmes on a Viagra overdose. Markets will undoubtedly close higher now - facts don't matter, charts don't matter, the only thing that matters anymore is how many processors you are trading against in Mahwah.

Sun, 09/18/2011 - 22:51 | 1683571 ihedgemyhedges
ihedgemyhedges's picture

"pump pump pump it like John Holmes on a Viagra overdose."  You can OD on Viagra?????  Damn, maybe that's why my wife walks funny and I keep knocking over the lamps...............................

Sun, 09/18/2011 - 21:32 | 1683406 oogs66
oogs66's picture

we have a stock culture and idiots who can't pass the sat's...think that is a coincidence?

Sun, 09/18/2011 - 21:42 | 1683421 TradingJoe
TradingJoe's picture


It seems to me we are close to lose our minds over what the banchero trash will or will not do we are as pathetic as they are, we simply KNOW JACK about WHAT the FEDsters will say or do or NOT!

It's a 50/50 chance and we are not in then position to KNOW, only the insiders, the PDs, KNOW!
It's a casino and our hand is against the house! We'll see!

Sun, 09/18/2011 - 22:00 | 1683471 UGrev
UGrev's picture

I completely agree. The Algo's are only truly effective because they respond to us. If they started to act solely upon the "math" of another algo, it would be a blood bath; it would indeed rip it apart. 

Sun, 09/18/2011 - 23:49 | 1683645 jdelano
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I know that if Ben prints with inflation up ticking as it is, he will be directly defying the fed mandate and a lynch mob (led by some lummox like perry) will storm his house...

Sun, 09/18/2011 - 21:44 | 1683430 ZeroPower
ZeroPower's picture

Well ya SovX is unchanged considering theres what like one poor guy out there giving out runs?

Lets wait just a few more hours now for the real fun. Xover back in 800s eow no doubt.

Mon, 09/19/2011 - 06:04 | 1683851 janus
janus's picture

yes, ZP, janus is anxiously awaiting your thoughts.

wake the fuck up, you lazy canadian!

feed me your wisdom!

tell the girls janus sez howdy.

Sun, 09/18/2011 - 21:54 | 1683456 sheeple2012
sheeple2012's picture

My call for tomorrow: 3am futures stick save, flattish open, up 10-15 handles by the close...



Sun, 09/18/2011 - 22:02 | 1683473 lapedochild
lapedochild's picture

Your call, my fear.... It's how it's been going lately.. I would like to see a retrace not only to Friday's meltup opening levels but to pre last weeks levels.

Sun, 09/18/2011 - 22:03 | 1683476 Long-John-Silver
Long-John-Silver's picture

Calling this market (until it crashes) is a Crap shoot. I would stand a better chance at a Black Jack table.

Sun, 09/18/2011 - 22:16 | 1683504 lano1106
lano1106's picture

yeah it is going to be like until it doesn't. It has been like that for the last 2 weeks. That is probably enough to condition the suckers. Now it could crash.

Besides, a small melt down to help european politicians to come back to reason and become more compliant to TPTB directives could be conveniant this week.


Sun, 09/18/2011 - 23:50 | 1683648 jdelano
jdelano's picture

Yup--but won't be selling my puts.

Sun, 09/18/2011 - 22:00 | 1683470 buzzsaw99
buzzsaw99's picture

For those who shorted t-bonds, we salute you:

Sun, 09/18/2011 - 22:05 | 1683482 ISEEIT
ISEEIT's picture

You Fuckers are so technically sexy, Bet you have some 'girls' thinking with ya?

Sun, 09/18/2011 - 22:05 | 1683483 Do You Speak Greek
Do You Speak Greek's picture

"The council has estimated demand [for gold] from China may double in 10 years. The forecast may be “too conservative,” Cheng said."

Sun, 09/18/2011 - 22:09 | 1683491 lolmao500
lolmao500's picture

Bernanke should just go for it and say he'll buy whatever the markets needs in terms of treasury, no limits.

Sun, 09/18/2011 - 22:21 | 1683511 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

It's like a poker tournament, and Bernanke gets to rebuy everytime he goes out.  And then there is China who won't play his hand-  "Clock!"

Sun, 09/18/2011 - 22:23 | 1683516 RobotTrader
RobotTrader's picture

More panic buying in T-Bonds again.  Appetite for fiat notes is simply voracious.

Sun, 09/18/2011 - 22:40 | 1683557 Mr Lennon Hendrix
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Who buys the paper of the buyer of the paper?

Sun, 09/18/2011 - 22:24 | 1683517 Caviar Emptor
Caviar Emptor's picture

Now at a theater near you: 

NYT: Fed Runs Risk of Doing Less Than Expected 

Sun, 09/18/2011 - 22:42 | 1683559 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Cue Krugman hit piece....

Sun, 09/18/2011 - 22:32 | 1683539 tkinfo
tkinfo's picture

The pop on Friday was from the shorts reacting to the rebalancing for the Triple Witching. Not so much hopium as fear. The shorts need to get some cajones like we hedge fund managers that use the rallies to set new shorts against, not cover or cower in fear. :)

Sun, 09/18/2011 - 22:33 | 1683540 chump666
chump666's picture

5days of panic meltup rallies, now you'll get 2days of panic meltdowns...till the FED.  But, all they will do is flood the EZ with USD's and twist etc.

Copper getting hammered looks like a China warning shot again.

Everything is looking f*cked.  Greece will default very soon.

Sun, 09/18/2011 - 23:15 | 1683606 Al Huxley
Al Huxley's picture

Only ones really hurt by a Greek default are the German and French banks (and all the banks that have any financial ties to those German French banks - ie all of them).. Therefore, the EU will do EVERYTHING possible to prevent a default. I would buy 1yr Greek bonds if there was a relatively easy way to do it.

Sun, 09/18/2011 - 22:35 | 1683546 LeonardoFibonacci
LeonardoFibonacci's picture

"The more I see of the moneyed class, the more I understand the guillotine." - George Bernard Shaw

Sun, 09/18/2011 - 22:43 | 1683563 Mr Lennon Hendrix
Mr Lennon Hendrix's picture


Sun, 09/18/2011 - 23:12 | 1683601 Al Huxley
Al Huxley's picture

Nice. Always enjoyed Shaw.

Sun, 09/18/2011 - 22:43 | 1683562 msmith
msmith's picture
Could be a big down week.  ES  CL
Sun, 09/18/2011 - 23:07 | 1683595 Georgesblog
Georgesblog's picture

It's obvious that this mess is going to come down to a Photo Finish. It will just like the famous photo of the Yalta Conference. Roosevelt, Churchill and Stalin, deciding how to divide up the world, after they get rid of Hitler. WEe'll get to see who gets to sit in who's seat.

Sun, 09/18/2011 - 23:32 | 1683625 adr
adr's picture

Yes but after Yalta Roosevelt died and Truman, who was kept in the dark, said you're going to give who what??? Screw that!!!

We ended up with the Cold War but that was better than flying a communist flag over the USA. Well at least it prevented it for a little while.

Sun, 09/18/2011 - 23:39 | 1683632 Georgesblog
Georgesblog's picture

Good point, adr. There is no honor among theives. They still do the Bait-And-Switch the good old fashioned way. I think of the scene in the bar in "Goodfellas". The central banks don't pay off to mooks.

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