- advertisements -
Rally back to 1240/1250 next week.
Looks like futures are already fading the move. Will need to be very careful today.
The Euro seems to have topped already against the dollar. Dollar strength ahead, I suspect.
"Source of funds" trade probably continues...sell the winners and cover shorts on beaten down things.
Europe is still a short today.
Bernank trying to figure out how he can have fear and panic, but not so much as to cause the rest of the 401K brigades to sell...quite a tightrope across the Grand Canyon act.
Indeed, Dog. And where the Fed is involved, only failure follows.
It seems to me that the bathrobe brigade is not actually fooled by this Wall Street nonsense...not as much as they used to be. Redemptions at cashless mutual funds to continue...
[lulz..."Fire at Valero Refinery" story IMMEDIATELY announced as "under control." Ah, the central planners. Where is my bottle of blue pills?]
They must have counted every blowjobs and handjobs to get that number.
<-- QE3 > $1T
<-- QE3 < $1T
I'm thinking big. Because these are big moves these days. But I'm not so sure.
The Bernank called the BLS yesterday and instructed a statistical quantitative easing.
Not talking about today. I just think we get a bear market bounce of 3-4% that should leave us at 1250 (prior support). Then the market could have lured in enough fools to turn arounda and drop sub 1100 for good.
the pres would speak after a major miss? please
Can I call bullshit?
YES!! I smelled it from a mile away... they had to juice the numbers today to "save" the markets but it will be revised down by 100k next month... its all BS and now more people are beginning to see this... game over folks... their gig is up
Agreed. There seems to be an effort, especially after the revision of Q1 GDP to a lower number than Q2 GDP, to sell the story that Q1 was the 'soft patch' and that the economy is on the upswing again and now they have another $2+ trillion to throw around. What a farce. However, the market doesn't buy the headlines anymore and is looking behind those numbers at all the fudging.
Yet futures have gone vertical since the headline was released. I'd say the market will buy a smoldering bag of dogshit as long as it's labeled "rose petals"
Lesson one. THE "NEWS" is for the retail suckers. THEY buy the news while the "smart money" aka the frauds SELL... thats how it is done...
stock investing is long dead... you can trade but be careful you might never get your money out when the SHTF...
"yes, you can"
Investors love the bullshit, just like a fat, ugly woman likes to hear that she is sexy and pretty.
Do I see a trend here?
Just saying... don't look to deep into it
Homo sapien is a strain of virus that feeds on itself and values ideas more than their own biological success.
The trend is simply population boom and bust.
you were expecting Jooooooos Bitchezzzz? sorry.
HUMAN is a disease on earth... just saying
These are the names of at least 5 Wall Street crooks. Either they are as dumb as shit toast on a hot day or they are your typical Wall Street frauds who get paid to spin the news so they can sell worthless paper. Pick one. Either way I thank TD for pointing them out. I know another hundred or so just like them over my years and I have to say many of them are there.... that is why in part everything is so FUBURed... THEY HAVE TO GO. Wall STREET needs a colon cleansing right now!!! flush out the SHIT
"The data suggests the economy, while far from strong, is going to see some improvement from the weak pace seen in the first half of the year."
DO THESE PEOPLE ACTUALLY STILL THINK ANYONE LISTENS TO THEM ANYMORE!?!?!
Why even report this stuff? It's really nothing more than propaganda to keep the people from revolting. I think it would be better for ZH to report the John Williams shadow stats number. His number counts it the same way as during the depression in the 30s, simply the number of people not working.
The current real truthful unemployment rate is 22.7%.
[Why even report this stuff? It's really nothing more than propaganda to keep the people from revolting.]---SMG
Hi SMG. I agree, of course, it's propaganda.
However, I need to know the propaganda the state is dispensing. I measure the propaganda against reality. The greater the gap, the harder the fall.
Not only can you call bullshit, I encourage you to do so. Now, I don't really care that TPTB are manufacturing numbers (since we, as a nation don't seem to manufacture anything else), but what is very worrisome to me is that I think they, themselves, BELIEVE those numbers and are developing economic policies based on the lies. It's one thing to claim the unemployment rate is 9.1% when it's actually 16+%, but it's a whole other thing to base your policies on 9.1%. It's insanity of the first degree. If we, as a nation, and policy makers in particular, can't face up to the real situation we're in; if we have to sugarcoat the numbers to make people feel better and then believe in the fantasy, then we're surely going to run headlong into a brick wall.
'developing economic policy on lies' .
Isn't that what got Greece in the SHIT load of trouble?
YES YES YES
THE US is doomed because everything was built upon lies and more lies to cover over those lies... ironic that Bernie Madeoff was made a vilan when he was simply a copycat of the global economy!!
Me doth think this was not good enough. Especially with planned layoffs increasing...
Doth we protest too much?
Revised down to 80k next week.
we did it... Yaaaa. Not at all, theses numbers still are not great. The most important part 190,000+ dropped out of the labor market, WOW
We have some serious problems with the economy, that no one is talking about
Yeah, but that's what used to be called the "real" economy. Now the tail wags the dog, then eats him for dinner.
No problem. A dog's just a dog. There's plenty more where he came from.
But have you seen The Market! Prosperity just can't be denied.
Mr. Market knows all.
Which is why, of course, we now look at how job reports hurt the markets to determine if they matter or not.
Summer Jobfest in the Workers Paradise -- enjoy!
So, does "massively oversold market" + NFP "beat" == "melt-your face off rally" on Fraud Street today?
Or does NFP "beat" + "no more QE for you" == risk-off?
We'll know soon enough.
Half-life: 90 minutes.
Squid traders score on "unleaked" leveraged SPX calls early, then go home to party while reality of Spangliatti bank situation pushes indexes down 2% or more by the closing bell.
After Fuckin' Wingnut finishes reading the RED will reappear.
Looks like they're already starting to walk-back the "JOY!" in this report - check the updates from Bloomies.
You should see the jokers at CNBC gushing over the good news...
Wonder what they'll be retracting once things go red.
I can post?? I wasn't able to read or post yesterday. The Obama Birthday Trade. I wanted to share in the excitement. I think that paid for another self sustainable permafarming unit and a couple of more families that won't have to depend on the government.
And docj, I think you are right, but I don't like calling the market. I do better going with the flow or inconsistances, go in take money, get out. Like the ocean. Is there any other way to play this market? (I know accumulate physical PM, way ahead you even with the silver, it makes great solder)
No worries, GG. I don't "play" in this market - I'm a mere observer.
Frankly, I think anyone "playing" in this casino is likely to get precisely what they deserve. I have a great deal of sympathy for anyone who has to make rent in this mess, but doing anything with this as a hobby is pure insanity.
This should help the bank run in Europe. HA HA
its a miracle!!!!!!!!!!!
You asked for it...
i can see and walk again, praise the lord
"What SAY there, Fuzzy Britches!! Feel like talkin'!?!"
Mein Führer! I can walk!
I will be the first to call 'bull schmidt'! Work force participation shrinks by 193k. So real number......about -80k.
....and that number does not even count the birth/death adjustment .....which seems to always add jobs.
If they ever printed the REAL number today in the middle of the market crash all hell would break loose (as it should) but instead they will give the fake happy number to prop things up again so we rally today on Fraud Street 500 points!! LMAO
My advice to everyone is GTFO of stocks and banks and buy gold.... simple really
True, but because they live in their warped 'created perceptions' world, they neglect the fact that the market no longer buys the manipulated numbers they produce. That is the 'unintended consequence' of the 'tangled web they weave when once they practice to deceive'.
all problems solved. happy happy joy joy.
well no need for qe3 right??????
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.