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Markets Gone Wild

Tyler Durden's picture





 

Dismissing the ridiculous ignorance of calling the market action in the last few minutes a 'fat finger', it is clear that between no/low volume, 'banging the close in the pit', futures roll and ETF interactions, Oil's OPEX, SPR release rumors, and correlated vaccuum tubes, the reactions between US equities, oil (WTI and Brent), USD (and all major crosses), and the PMs are extremely volatile. No one knows what the 'news' is but one thing is for sure, its priced in - whatever it is. We just remind those 'trading' that with QEternity, all the good news 'help' is now out there - so what's left - jawboning Oil down. Treasuries are a littel jiggy but nothing remarkable.

 

Denial: *WHITE HOUSE'S CARNEY SAYS `NO CHANGE' ON OIL RESERVES

 

Brent (and WTI)Crude volume spiked massively as we dropped...

 

as did S&P futures...

 


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Mon, 09/17/2012 - 14:49 | Link to Comment fightthepower
fightthepower's picture

PPT, trying to remove the inflation from QE infinity. 

Mon, 09/17/2012 - 14:50 | Link to Comment Michael
Michael's picture

Whomever coined the word "QEternity", I love it.

Mon, 09/17/2012 - 14:57 | Link to Comment Dalago
Dalago's picture
Tyler Durden
Mon, 09/17/2012 - 14:59 | Link to Comment Pladizow
Pladizow's picture

Only when Obummer denies it will I believe it!

Mon, 09/17/2012 - 15:18 | Link to Comment malikai
malikai's picture

Heh.. For a good laugh, look at the VXX throughout that episode.

Mon, 09/17/2012 - 15:20 | Link to Comment strannick
strannick's picture

QEternity ultimately leads to Infinitlation

Mon, 09/17/2012 - 15:22 | Link to Comment THX 1178
THX 1178's picture

ZH is getting popular these days. Look at the views per article. This seems above average to me.

Mon, 09/17/2012 - 15:42 | Link to Comment JohnnyBriefcase
JohnnyBriefcase's picture

Truth is obvious to even the dimmest of the witted.

Mon, 09/17/2012 - 15:48 | Link to Comment TruthInSunshine
TruthInSunshine's picture

By opening up a can of whoop-your-ass-higher-inflation-expectations, The Bernankstain killed the goose the lays the virtuous circle eggs.

Mon, 09/17/2012 - 15:58 | Link to Comment JohnnyBriefcase
JohnnyBriefcase's picture

No shit. They could have kept that going forever.

 

Well, at least until the war and stuff.

Mon, 09/17/2012 - 19:13 | Link to Comment samcontrol
samcontrol's picture

I have mentioned in ten posts that we are getting an invasion fron discharmed yahoo posters..... the government banned links on yahoo, i think Tyler missed that one.

Mon, 09/17/2012 - 15:27 | Link to Comment flacon
flacon's picture

VXX range-bound between 9.21 - 9.25 between 14:06 - present ..... I'm starting to really believe that VXX is a fraud. 

Mon, 09/17/2012 - 15:38 | Link to Comment malikai
malikai's picture

I couldn't believe my eyes.

http://blog.quantsig.net/2012/09/17/vxx-4/

Mon, 09/17/2012 - 15:01 | Link to Comment MillionDollarBonus_
MillionDollarBonus_'s picture

I feel sorry for peak oilers. This is the beginning of the end of the oil bubble. We had the initial high, and now we are witnessing the formation of double top. This is very bad news for doomer peak oilers who were fooled into investing money in oil stocks and crude futures. 

Mon, 09/17/2012 - 15:05 | Link to Comment RmcAZ
RmcAZ's picture

This wasn't even a good troll, try harder next time.

Mon, 09/17/2012 - 15:14 | Link to Comment Pladizow
Pladizow's picture

It got you to respond.

DONT FEED THE TROLLS - dont reply to them, dont give +, dont give neg!

Mon, 09/17/2012 - 15:18 | Link to Comment Michael
Michael's picture
Controversial 'naked' airport body scanners to be scrapped after failing to receive European approval

Read more: http://www.dailymail.co.uk/news/article-2204422/Controversial-naked-airport-body-scanners-scrapped-failing-receive-European-approval.html#ixzz26kx5sAmP

Mon, 09/17/2012 - 15:28 | Link to Comment Pladizow
Pladizow's picture

The real reason they wernt approved? http://www.youtube.com/watch?v=olEoc_1ZkfA

Mon, 09/17/2012 - 15:21 | Link to Comment TheCanadianAustrian
TheCanadianAustrian's picture

"Don't feed the trolls" - That advice is meant for people who are too dumb to identify a troll. You know, the kind of people that make a fool of themselves by getting into a lengthy, heated debate.

Mon, 09/17/2012 - 15:39 | Link to Comment Ignatius
Ignatius's picture

"This wasn't even a good troll, try harder next time."

He's not a troll.  This is satire

Mon, 09/17/2012 - 15:09 | Link to Comment Dealer
Dealer's picture

MDB, I bet you think you're funny.  You aren't.

Mon, 09/17/2012 - 15:17 | Link to Comment akak
akak's picture

Our dear Chinese troll friend AnonymousAsshole is MUCH funnier than this lamebrain MDB, and I bet he isn't even really trying!  Make me laugh!

Mon, 09/17/2012 - 15:29 | Link to Comment Oh regional Indian
Oh regional Indian's picture

Akak, joke might be on you because I think AnAnonymous is not chinese at all. No way, in my opinion.

;-)

As for the markets, look at the headline news and then look at the algos and connect ze dots. Correlation IS causation, sometimes. Post hoc ergo propter hoc, I think so...

ori

Mon, 09/17/2012 - 15:14 | Link to Comment TheCanadianAustrian
TheCanadianAustrian's picture

Please be funnier next time.

Mon, 09/17/2012 - 15:41 | Link to Comment AGuy
AGuy's picture

Agreed,

MDB: your slipping.

 

Mon, 09/17/2012 - 15:16 | Link to Comment Jumbotron
Jumbotron's picture

HAHAHA LOL....MillionDollarBooger.....you so funny.

As if Peak Oil is just about the price.  It's about having enough cheap oil to fuel the Elites' dreams of Global Utopia.  Regardless of why this sudden drop in oil price.....going forward since the Crash.....when you see oil drop....that is...drop in a consistent...sustainable way....it's simply because the economy is in free fall as well and dreams of growth have been crushed for a certain period of time. 

When oil begins a long...sustainable...run-up again and/or stays up....the economy has been blown like a dick in Ben Bernanke's mouth to an unsustainable level until that high oil price runs up the cost of everything that is useful to sustaining life.....AAANNNDDDDD.....it all comes back down again.

That's PEAK OIL.....a pernamnent ceiling on Utopian....Cornucopian Growth.

Mon, 09/17/2012 - 15:23 | Link to Comment beachdude
beachdude's picture

MDB,
STFU! Your head is shoulder high up your ahole, and your posts are only the sound of passing gas.

Now. Anyone have any Kahlua?

Mon, 09/17/2012 - 15:47 | Link to Comment Jethro
Jethro's picture

MDB, I still laugh at your Facebook IPO posts.  I guess this constitutes a virtual crush on your satire.  I know you can't deliver that level of wit everyday, but man...I look for it every time.

Mon, 09/17/2012 - 17:48 | Link to Comment eatthebanksters
eatthebanksters's picture

LOL!  MDB, do you sip on brandy as you think this stuff up!  Thank you again for your dry humor...it put a smile on my face for a moment during an otherwise blase day.

Mon, 09/17/2012 - 15:21 | Link to Comment LULZBank
LULZBank's picture

He did'nt coin that...

Mon, 09/17/2012 - 15:12 | Link to Comment Stock Tips Inve...
Stock Tips Investment's picture

These are typical market movements. Add a little, pause, step back a bit and comes back up. Still do not see a change in the character of the market to start a major correction. GLD faced a first level resistenia at $ 175 and a much more important in the $ 185.

Mon, 09/17/2012 - 14:50 | Link to Comment t0mmyBerg
t0mmyBerg's picture

I am not sure it is the PPT, but clearly something is going on and someone watching the comings and goings in the halls of power knows what IT is.  Eventually, after whomever has paid our high officials for the heads up have taken their positions, the rest of us will see what IT is on the news.

Hope you are positioned the right way.

Mon, 09/17/2012 - 14:57 | Link to Comment Greater Fool
Greater Fool's picture

9/11 catastrophe trade unwind

Mon, 09/17/2012 - 15:00 | Link to Comment Gene8696
Gene8696's picture

Buying...

Mon, 09/17/2012 - 15:53 | Link to Comment beachdude
beachdude's picture

Buy USO and BNO calls on the dip.
JAN looks nice, not too expensive.
UCO works nicely, as well.

Seen the vodka?

Mon, 09/17/2012 - 15:05 | Link to Comment LongSoupLine
LongSoupLine's picture

 

 

Maybe GM finally sold a Volt, hence driving inventories through the roof.

Mon, 09/17/2012 - 15:14 | Link to Comment lolmao500
lolmao500's picture

Didn't you know? The Pentagon will buy a shitload of Volts. So taxpayers pay the pentagon to buy volt THEN it pays GM to make the volts... so the taxpayers are paying twice for the same volt. Neat uh? I just loooooooove fascist economics.

http://www.foxnews.com/us/2012/09/11/taxpayers-to-get-charged-as-pentago...

Mon, 09/17/2012 - 15:15 | Link to Comment Greater Fool
Greater Fool's picture

Hey--I actually saw one of those a couple months ago. It was in an Avis parking lot. Charging up.

Mon, 09/17/2012 - 17:56 | Link to Comment eatthebanksters
eatthebanksters's picture

Someday, maybe in 20 years, there will still be a few Volt's on the road....I predict they will be humorously referred to as Obummer's!  "Oh look, there goes an Obummer!  Wasn't that the car a former president asked the biggest auto company in the world to make for him when he bailed out their union?  Didn't that turn into one of the biggest failures in US corporate history? Didn't that car turn out to be the most expensive ever made?  Oh look...it's slowing down...oh look, it stopped...oh look, the angry man is getting out with a long extension cord!"   Ha ha!

Mon, 09/17/2012 - 15:14 | Link to Comment insanelysane
insanelysane's picture

From CNBS:

"The entire crude complex on CME [CME  58.73    -0.16  (-0.27%)    ] Globex including crude oil, RBOB, gasoline and heating oil, "saw a coordinated sell-off of a prolonged duration of 30-minutes" from around 1:50 p.m. EDT (1750 GMT) to around 2:20 p.m. EDT on Monday, the spokesman said." 

 

Note the "coordinated sell off" comment.  and ZHers don't think Ben loves them.

Mon, 09/17/2012 - 19:54 | Link to Comment Buck Johnson
Buck Johnson's picture

And it's not working, they are trying to fight inflation aka soon to be hyperinflation but it's impossible.

Mon, 09/17/2012 - 14:47 | Link to Comment Id fight Gandhi
Id fight Gandhi's picture

New normal they calls it.

Mon, 09/17/2012 - 14:48 | Link to Comment lolmao500
lolmao500's picture

2% down in a second or so? Did the attack on Iran get canceled or what? Ah OK, it's the White House making sure they keep low oil prices so they win the election.

Mon, 09/17/2012 - 14:59 | Link to Comment malikai
malikai's picture

Benocide changed his mind.

Mon, 09/17/2012 - 15:52 | Link to Comment roadhazard
roadhazard's picture

2% don't mean nothin' when oil is at $100. or twice what it should be for this world economy. They had it right for a while right after the crash in 08'. Then they said, fuck it make the schmuks pay.

Mon, 09/17/2012 - 14:49 | Link to Comment ar01
ar01's picture

Mechanistically, how do things like this happen? Is it basically that one person can off-load a relatively small amount of futures consistently and ramp the market in one direction?

Mon, 09/17/2012 - 15:42 | Link to Comment Global Hunter
Global Hunter's picture

you could do it with one buyer/seller.  The bid/offer has to be big enough.  In any market if a bid gets hit or an offer gets lifted, trade after trade, then eventually another bid/offer will step in front, its the size on offer (or size of bid) that moves the market.

Mon, 09/17/2012 - 14:49 | Link to Comment XRAYD
XRAYD's picture

Sure ... with the big decks and the Marines heading to the Persian Gulf theater.  Why not?

Mon, 09/17/2012 - 15:35 | Link to Comment Ying-Yang
Ying-Yang's picture

heh... he said Big Deck

Mon, 09/17/2012 - 14:49 | Link to Comment fonzannoon
fonzannoon's picture

This is a no volume knock down day. Same thing happened to mining stocks a few hours ago, Sometimes it's easy for the casino to make it look fair and sometimes they are in no mood to give a shit whether you notice or not.

Mon, 09/17/2012 - 15:03 | Link to Comment Nothing To See Here
Nothing To See Here's picture

Volume picked up during the flash crash, as the chart above shows.

Maybe it's all going to be blamed on an upcoming movie about Wall Street of whatever...

Mon, 09/17/2012 - 14:51 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

Someone(s) just made a barrel of money with this monkey of a market.

Mon, 09/17/2012 - 15:00 | Link to Comment Bastiat
Bastiat's picture

Same guys jacking the prices around, no doubt.  Anyone hoping to ride futures to a leveraged win in the post QEternity wave can expect many more muggings like this. 

Mon, 09/17/2012 - 17:09 | Link to Comment WarPony
WarPony's picture

suspension of the ethanol mandate and/or, cheaper comodities to feed/fuel the troops?

Tue, 09/18/2012 - 07:09 | Link to Comment beachdude
beachdude's picture

"Same guys jacking the prices around, no doubt.  Anyone hoping to ride futures to a leveraged win in the post QEternity wave can expect many more muggings like this."

Bring it.

Mon, 09/17/2012 - 14:51 | Link to Comment CrashisOptimistic
CrashisOptimistic's picture

Refineries don't have to look at that number when they bid against their competitors.  And they don't.

Meaningless.

Mon, 09/17/2012 - 14:52 | Link to Comment Flakmeister
Flakmeister's picture

WTF??

Hey, at least my stink bid on Nov SLV 32.50 calls got hit....

Mon, 09/17/2012 - 14:53 | Link to Comment FuzzyDunlop21
FuzzyDunlop21's picture

really need a QE Infinity + 1 rumor

Mon, 09/17/2012 - 14:58 | Link to Comment catacl1sm
catacl1sm's picture

QE Infinity * Infinity!

Mon, 09/17/2012 - 15:12 | Link to Comment Nothing To See Here
Nothing To See Here's picture

Rumor of the day tomorrow : China bails out the FED ! Algos go wild !

Mon, 09/17/2012 - 14:56 | Link to Comment AL_SWEARENGEN
AL_SWEARENGEN's picture

Absolutely normal market action,, oil plunging as the middle east burns,,completely technical action.  Because technically these COCKSUCKERZ are stealing money in broad daylight!  CFTC are you there?  End of September is near..  Can't wait to hear the results of your historically long investigation into Silver manipulation.

Mon, 09/17/2012 - 15:05 | Link to Comment Urban Redneck
Urban Redneck's picture

One of Obama's campaign bundlers must have been caught unable to roll a contract...

Mon, 09/17/2012 - 14:54 | Link to Comment roadsnbridges
roadsnbridges's picture

It's due to the new trade war with the Chinks.  15% tariff on SUVs.

Mon, 09/17/2012 - 14:56 | Link to Comment FubarNation
FubarNation's picture

Trade these markets and get slaughtered.  Never seen anything like it.  Pure fucking malarchy.

 

Mon, 09/17/2012 - 15:11 | Link to Comment Bam_Man
Bam_Man's picture

And stop calling them "markets"!

Mon, 09/17/2012 - 15:19 | Link to Comment GoinFawr
GoinFawr's picture

'Malarkets'

Mon, 09/17/2012 - 14:56 | Link to Comment apberusdisvet
apberusdisvet's picture

I count at least 5 times the fat finger gold short appeared on the Kitco charts today.

Mon, 09/17/2012 - 14:57 | Link to Comment catacl1sm
catacl1sm's picture

I just lol'd.

Mon, 09/17/2012 - 15:00 | Link to Comment GoldbugVariation
GoldbugVariation's picture

I think oil led the action in the S&P and other correlated assets including gold.  I hope "the ridiculous ignorance of calling the market action in the last few minutes a 'fat finger'" is not a dig at me?

http://www.zerohedge.com/news/4000-marines-headed-middle-east-part-pelel...

As posted there, I think it's something to do with front month futures (October futures) expiring tonight.  Normally longs will roll into the next month, causing the front month to decline a few cents and the next month to be at a few cents premium (the effect exaggerated by the OIL ETF until they figure out how to do staggered rolls).  But this month, the next month - the November future - has also declined sharply, as has December.

I wonder if some large player - a hedge fund? - was long the front month to profit from Bernanke and forgot to roll it?

Seems to be recovering.  It doesn't look to be news based anyhow, it will probably be described tomorrow as "technical reasons".

I had positions when this happened, lost 226 points on the way down as my stops were hit, re-opened lower and made 150 points so far on the way up again...

Mon, 09/17/2012 - 15:31 | Link to Comment Flakmeister
Flakmeister's picture

Your real name wouldn't be Glen Gold, would it?

Mon, 09/17/2012 - 16:43 | Link to Comment GoldbugVariation
GoldbugVariation's picture

lol, no I'm not a Bach specialist pianist who hums along as he plays.

Mon, 09/17/2012 - 19:01 | Link to Comment Ralph Spoilsport
Ralph Spoilsport's picture

Glen Gould recordings are annoying as hell when listening on a good stereo. WTF?

Tue, 09/18/2012 - 07:45 | Link to Comment Flakmeister
Flakmeister's picture

Maybe you just don't like Bach?

Mon, 09/17/2012 - 14:59 | Link to Comment geewhiz190
geewhiz190's picture

the markets have almost never have things priced in-if they did ,markets would never shoot up or crash. they almost always trade far from some, as yet unknown, correct "fundemental" value- whatever that is.

Mon, 09/17/2012 - 14:59 | Link to Comment q99x2
q99x2's picture

Bernake's printing presses converted to run on geo-thermal.

Mon, 09/17/2012 - 15:00 | Link to Comment Odin
Odin's picture

lol remind anybody else of last summer?? All we need now is the 3 o'clock ramp up and we've gone full circle...

Mon, 09/17/2012 - 15:00 | Link to Comment Odin
Odin's picture

or full retard which ever you prefer...

Mon, 09/17/2012 - 15:06 | Link to Comment Gene8696
Gene8696's picture

Yep, I remember... let's make $$ again.

Mon, 09/17/2012 - 15:49 | Link to Comment fuu
fuu's picture

Marchbanks is that you?!?

Tue, 09/18/2012 - 08:42 | Link to Comment Gene8696
Gene8696's picture

Nien

Mon, 09/17/2012 - 15:10 | Link to Comment jjsilver
jjsilver's picture

Rothschilds, Bankers to the Vatican

"It is a somewhat curious sequel to the attempt to set up a Catholic competitor to the Roths-childs that at the present time the latter are the guardians of the papal treasure."

http://www.jewishencyclopedia.com/articles/12909-rothschild

 Researcher Eustace Mullins writes that the Rothschilds took over all the financial operations of the worldwide Catholic Church in 1823.  Today the large banking and financial business of the Catholic Church is an extensive system interlocked with the Rothschilds and the rest of the International Banking system.”  (Top 13 Illuminati Bloodlines, p.154)

https://sites.google.com/site/whisleblower/therothschildbloodline

 

 

Ghost of Sir Walter Scott

Mon, 09/17/2012 - 15:58 | Link to Comment FubarNation
FubarNation's picture

I haven't heard anyone talk about Useless Mullins for some time.  Ah the memories.

Mon, 09/17/2012 - 15:02 | Link to Comment The worst trader
The worst trader's picture

To make money do the opposite of what makes sense, Economy falling thru the floor, BULLISH, middle east about to blow up, SHort crude, Euro about to disintigrate, go long, Make s purfect sense to me!

Mon, 09/17/2012 - 15:04 | Link to Comment ZeroPower
ZeroPower's picture

ES dropped due to cross asset arbs... as for oil, talk about a move, liquidity completely dried up after that move down, seeing really low size on either side of the price, only a few contracts at each bid and offer.

Mon, 09/17/2012 - 15:23 | Link to Comment CrashisOptimistic
CrashisOptimistic's picture

Stop trading.

It's all corrupted.

Buy land.  Buy crops.  Buy cropland.  These are real things that have value to society.  Only oil and farmland do, now.  

Mon, 09/17/2012 - 17:11 | Link to Comment DosZap
DosZap's picture

Buy land. Buy crops. Buy cropland. These are real things that have value to society. Only oil and farmland do, now.

LOL, Until they take it from you,and they will.

Mon, 09/17/2012 - 15:05 | Link to Comment Silberadler
Silberadler's picture

WTF !???

Just came home from the archery range and had a peek at the charts.

What is going on ? Vhat zeee fück ?

Oil down, Gold down, Silve down , Euro UP !? Huh ?

Is that the new drug Delusium replacing Hopium or something ?

Yeah sure Japs & Chinks are on their asses about some stupid privately owned rock and the rugs are raising hell because of the Mohammed version of the life of Brian (though Monty Python is galaxies better than that stupid shit movie they're all so excited about)

 

Guess what the Syrians say:

Why dont they raise that kind of hell for US ? Seems no one in Muslim countries cares about Syria (except for Iran of course...)

 

Sooo... , - anyone got some sane explanation for that shit ?

I'll pay you a beer :-)

 

Mon, 09/17/2012 - 15:47 | Link to Comment CrashisOptimistic
CrashisOptimistic's picture

The sane explanation is oil.

Oil. Oil. Oil.  

Under the Middle East.  Under Senkaku Islands.

Oil.  Whatever happens in whatever venue, it will trace back to oil.

Mon, 09/17/2012 - 15:06 | Link to Comment larz
larz's picture

No you idiots, cnbc said it was a technical trade that sent the market lower so there you have the true facts of the matter case solved lets move on shall we? Oh and pay attention!

Mon, 09/17/2012 - 15:06 | Link to Comment ghostfaceinvestah
ghostfaceinvestah's picture

Benocide needs to bring down the price of oil, that is his next target.

Mon, 09/17/2012 - 15:07 | Link to Comment scatterbrains
scatterbrains's picture

I'm sure part of that 40 bil a month hand off from the FED is to maintain that eternal short book at JPM in pm's and maybe oil through the election  and as a precaution load the ME with troops in case those sand niggas at OPEC don't like it.

Mon, 09/17/2012 - 15:09 | Link to Comment AldoHux_IV
AldoHux_IV's picture

Just a nazi-jerk reaction-- can't have a social class genocide if it's obvious right?

Also, maybe Obamney realized you need to please the peasants every once and a while despite the Fed's efforts to financially ruin them.

Mon, 09/17/2012 - 15:09 | Link to Comment insanelysane
insanelysane's picture

Someone must have made a u-tube video in July about September oil prices and it spontaneously affected the market today.

Mon, 09/17/2012 - 15:10 | Link to Comment ParkAveFlasher
ParkAveFlasher's picture

Are these the first perturbations of Morgan Stanley falling into the Event Horizon?

Mon, 09/17/2012 - 15:11 | Link to Comment NoWayJose
NoWayJose's picture

Just more proof that the algos do not work independently anymore.  When they attack something they will go after not only their main position (say oil), but also the S&P, FX, bonds, options, futures, etc, etc.  There used to be real oil analysts who would study fundamentals, charts, market conditions, etc.  They would only trade oil, based on their experience and trading skills.  But Wall Street is letting those guys go, to be replaced by the algos.

Mon, 09/17/2012 - 15:11 | Link to Comment roadsnbridges
roadsnbridges's picture

When does Ben start the MBS printfest?  Buehler?

Mon, 09/17/2012 - 15:22 | Link to Comment insanelysane
insanelysane's picture

According to this article, it started last Friday.

http://money.cnn.com/2012/09/13/news/economy/federal-reserve-qe3/index.html

Mon, 09/17/2012 - 15:13 | Link to Comment NoWayJose
NoWayJose's picture

Ben's QE is causing money to go in to the market - but that doesn't mean that the money going to work has to be on the LONG side, now does it?

Mon, 09/17/2012 - 15:16 | Link to Comment Darkness
Darkness's picture

GERMANY

Mon, 09/17/2012 - 15:19 | Link to Comment Threeggg
Threeggg's picture

Does the crazy market today effect the Quadruple Witching scheduled for this Friday ?

sarc/wink

Mon, 09/17/2012 - 15:20 | Link to Comment MrMorden
MrMorden's picture

We'd probably have a lot more oil if we didn't burn so much of it racing around the world and having wars to find more of it.

Mon, 09/17/2012 - 15:31 | Link to Comment Threeggg
Threeggg's picture

It's not about the quantity. it's about the illusion to support the dollar through the use of Petrodollars !

 

Do or die baby !!

Mon, 09/17/2012 - 17:10 | Link to Comment blunderdog
blunderdog's picture

Yeah, that was one of my criticisms of that "Road Warrior" flick. 

The badguys drove their go-karts around in little circles all day--if they just parked for a few hours and did some carpooling, the refinery siege wouldn't have been such a big priority.

Mon, 09/17/2012 - 15:21 | Link to Comment lostcause
lostcause's picture

   I just don't get it anymore. Everyday someone's garbage paper is somehow worth more than someone else's garbage paper. The stock market goes up and down on one man's word. Whole global markets are determined by a few men who sit in a room determining how to print our broke asses out of this mess.  The majority of the population have know clue what's coming. The global fiat bubble that is going to burst will be worse than any natural disaster modern man has lived through. I get so pissed off listening to these idiots on TV, that have no clue how we got ourlselves into this mess, or how we will get out of it.   All I can say is this:  if you can't feel it or see it, don't invest in it.  Hard assests will be the only thing of value when this game of musical chairs finally end.

Mon, 09/17/2012 - 15:24 | Link to Comment LawsofPhysics
LawsofPhysics's picture

This isn't the manipulation you were looking for, move along, move along.

Margin hikes, oh please sir may I have another.  Been out of oil for a while and would love another buying opportunity, bring it.

Mon, 09/17/2012 - 15:25 | Link to Comment Winston Churchill
Winston Churchill's picture

Remember the volatility last year.Whiplash is back.

Only really one way the 'market' wants to go.Down.

Mon, 09/17/2012 - 15:27 | Link to Comment Dubaibanker
Dubaibanker's picture

It's Happy Rosh Hashanah today, so some Joos trying to sell at the top?

Mon, 09/17/2012 - 15:35 | Link to Comment caimen garou
caimen garou's picture

just get in touch with the governments personal trading firm,you will then find out whats going on! or just read it on the wall

Mon, 09/17/2012 - 15:37 | Link to Comment sink critically
sink critically's picture

It's in the wind, the people who plan ahead (but not too far ahead) are now beginning to panic. When enough of them join in the fun the trend will be unstoppable.

Mon, 09/17/2012 - 15:40 | Link to Comment Temporalist
Temporalist's picture

CFTC to investigate trades in oil plunge - Reuters

CFTC looking into crude oil fall

http://www.forexlive.com/blog/2012/09/17/cftc-looking-into-crude-oil-fal...

Mon, 09/17/2012 - 16:01 | Link to Comment ParkAveFlasher
ParkAveFlasher's picture

+1 nice drop.  The author comment on that one is hilarious.

Mon, 09/17/2012 - 16:49 | Link to Comment Quinvarius
Quinvarius's picture

He only needs to wait for the email from the CME where they announce they are hiking margins today.

Mon, 09/17/2012 - 15:59 | Link to Comment FiatFapper
FiatFapper's picture

Watch gold tank below $1,500 in next few days.

Dollar will rally hard now, to empower americans and their purchasing power in last few weeks before obummer re-election and SP500 will hover in a holding pattern around ~1450.

There is no way they will let $4 per gallon hit the pumps before they placate the masses with the puppets 2nd term.

Does America have a constituional ruling for three consecutive terms, or will obomba do a Putin?

Mon, 09/17/2012 - 16:04 | Link to Comment ParkAveFlasher
ParkAveFlasher's picture

$1500 is as wishful thinking to me as $5000. 

Mon, 09/17/2012 - 17:13 | Link to Comment DosZap
DosZap's picture

There is no way they will let $4 per gallon hit the pumps before they placate the masses with the puppets 2nd term.

 

Dude, it ALREADY HAS........................

Mon, 09/17/2012 - 16:20 | Link to Comment Quinvarius
Quinvarius's picture

You know that had to try.  But sadly.  Like all oil interventions, they only blow up refiner hedgers and make gasoline prices rise.  I guess no one caught on last time when that happened after it was predicted.  You can only put so many refiners out of business before the rest are free to pass on hedging losses.

Mon, 09/17/2012 - 16:43 | Link to Comment youngman
youngman's picture

Someone said it was a holiday....for whom?   And it also was an Options expirey?????  True?

Mon, 09/17/2012 - 16:48 | Link to Comment GoldbugVariation
GoldbugVariation's picture

BTFD.

Mon, 09/17/2012 - 21:34 | Link to Comment breakyoself
breakyoself's picture

OT: I just read an article about a man in Carson City, NV being found dead (was dead a month) and his garage was filled with $7M in gold bars and coins. Authorities are working to get the money to the rightful heirs after the IRS gets its cut.

It looks like they found a first cousin, a substitute teacher in California.

Tue, 09/18/2012 - 07:09 | Link to Comment Bobbyrib
Bobbyrib's picture

Could it be possible that the Fed is now trading oil contracts? Think about this, the Fed buys oil contracts, announces QE 3, watches oil spike, then sells its contracts thereby profiting and pushing down the price of oil.

Probably too genius for the Fed to figure that out though.

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