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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 | 2804361 fightthepower
fightthepower's picture

PPT, trying to remove the inflation from QE infinity. 

Mon, 09/17/2012 - 14:50 | 2804382 Michael
Michael's picture

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

Mon, 09/17/2012 - 14:57 | 2804404 Dalago
Dalago's picture
Tyler Durden
Mon, 09/17/2012 - 14:59 | 2804420 Pladizow
Pladizow's picture

Only when Obummer denies it will I believe it!

Mon, 09/17/2012 - 15:18 | 2804518 malikai
malikai's picture

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

Mon, 09/17/2012 - 15:20 | 2804531 strannick
strannick's picture

QEternity ultimately leads to Infinitlation

Mon, 09/17/2012 - 15:22 | 2804540 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 | 2804633 JohnnyBriefcase
JohnnyBriefcase's picture

Truth is obvious to even the dimmest of the witted.

Mon, 09/17/2012 - 15:48 | 2804661 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 | 2804701 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 | 2805374 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 | 2804558 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 | 2804613 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 | 2804434 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 | 2804451 RmcAZ
RmcAZ's picture

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

Mon, 09/17/2012 - 15:14 | 2804493 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 | 2804519 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 | 2804566 Pladizow
Pladizow's picture

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

Mon, 09/17/2012 - 15:21 | 2804533 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 | 2804623 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 | 2804479 Dealer
Dealer's picture

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

Mon, 09/17/2012 - 15:17 | 2804516 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 | 2804573 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 | 2804500 TheCanadianAustrian
TheCanadianAustrian's picture

Please be funnier next time.

Mon, 09/17/2012 - 15:41 | 2804627 AGuy
AGuy's picture

Agreed,

MDB: your slipping.

 

Mon, 09/17/2012 - 15:16 | 2804515 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 | 2804543 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 | 2804655 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 | 2805152 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 | 2804534 LULZBank
LULZBank's picture

He did'nt coin that...

Mon, 09/17/2012 - 15:12 | 2804489 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 | 2804383 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 | 2804406 Greater Fool
Greater Fool's picture

9/11 catastrophe trade unwind

Mon, 09/17/2012 - 15:00 | 2804426 Gene8696
Gene8696's picture

Buying...

Mon, 09/17/2012 - 15:53 | 2804674 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 | 2804448 LongSoupLine
LongSoupLine's picture

 

 

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

Mon, 09/17/2012 - 15:14 | 2804502 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 | 2804506 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 | 2805180 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 | 2804499 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 | 2805519 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 | 2804365 Id fight Gandhi
Id fight Gandhi's picture

New normal they calls it.

Mon, 09/17/2012 - 14:48 | 2804367 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 | 2804421 malikai
malikai's picture

Benocide changed his mind.

Mon, 09/17/2012 - 15:52 | 2804672 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 | 2804371 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 | 2804554 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 | 2804376 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 | 2804600 Ying-Yang
Ying-Yang's picture

heh... he said Big Deck

Mon, 09/17/2012 - 14:49 | 2804377 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 | 2804442 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 | 2804381 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 | 2804422 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 | 2804986 WarPony
WarPony's picture

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

Tue, 09/18/2012 - 07:09 | 2806323 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 | 2804384 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 | 2804388 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 | 2804391 FuzzyDunlop21
FuzzyDunlop21's picture

really need a QE Infinity + 1 rumor

Mon, 09/17/2012 - 14:58 | 2804411 catacl1sm
catacl1sm's picture

QE Infinity * Infinity!

Mon, 09/17/2012 - 15:12 | 2804495 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 | 2804395 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 | 2804453 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 | 2804399 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 | 2804402 FubarNation
FubarNation's picture

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

 

Mon, 09/17/2012 - 15:11 | 2804485 Bam_Man
Bam_Man's picture

And stop calling them "markets"!

Mon, 09/17/2012 - 15:19 | 2804521 GoinFawr
GoinFawr's picture

'Malarkets'

Mon, 09/17/2012 - 14:56 | 2804403 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 | 2804407 catacl1sm
catacl1sm's picture

I just lol'd.

Mon, 09/17/2012 - 15:00 | 2804415 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 | 2804582 Flakmeister
Flakmeister's picture

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

Mon, 09/17/2012 - 16:43 | 2804899 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 | 2805340 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 | 2805768 Flakmeister
Flakmeister's picture

Maybe you just don't like Bach?

Mon, 09/17/2012 - 14:59 | 2804417 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 | 2804418 q99x2
q99x2's picture

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

Mon, 09/17/2012 - 15:00 | 2804423 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 | 2804425 Odin
Odin's picture

or full retard which ever you prefer...

Mon, 09/17/2012 - 15:06 | 2804458 Gene8696
Gene8696's picture

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

Mon, 09/17/2012 - 15:49 | 2804664 fuu
fuu's picture

Marchbanks is that you?!?

Tue, 09/18/2012 - 08:42 | 2806525 Gene8696
Gene8696's picture

Nien

Mon, 09/17/2012 - 15:10 | 2804435 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 | 2804699 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 | 2804437 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 | 2804447 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 | 2804545 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 | 2804998 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 | 2804450 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 | 2804656 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 | 2804462 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 | 2804463 ghostfaceinvestah
ghostfaceinvestah's picture

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

Mon, 09/17/2012 - 15:07 | 2804465 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 | 2804473 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 | 2804481 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 | 2804482 ParkAveFlasher
ParkAveFlasher's picture

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

Mon, 09/17/2012 - 15:11 | 2804487 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 | 2804488 roadsnbridges
roadsnbridges's picture

When does Ben start the MBS printfest?  Buehler?

Mon, 09/17/2012 - 15:22 | 2804539 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 | 2804497 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 | 2804514 Darkness
Darkness's picture

GERMANY

Mon, 09/17/2012 - 15:19 | 2804527 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 | 2804529 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 | 2804538 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 | 2804997 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 | 2804535 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 | 2804536 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 | 2804552 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 | 2804565 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 | 2804597 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 | 2804611 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 | 2804616 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 | 2804714 ParkAveFlasher
ParkAveFlasher's picture

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

Mon, 09/17/2012 - 16:49 | 2804926 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 | 2804709 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 | 2804724 ParkAveFlasher
ParkAveFlasher's picture

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

Mon, 09/17/2012 - 17:13 | 2805004 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 | 2804788 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 | 2804898 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 | 2804923 GoldbugVariation
GoldbugVariation's picture

BTFD.

Mon, 09/17/2012 - 21:34 | 2805806 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 | 2806322 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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