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If you had your money in Swiss Francs, your down 9% in 24 hrs.
Conversly if you had your money in GOLD, your up about 2% in that time.
And if you are a Swiss citizen with gold, you just wen't up 10%. :P
Just as an aside, we love the smell of incinerated capital in the morning.
It's a TWAP!!!
Every day theres a headline to scan for keywords to drive the algo's into buy hand over fist mode.
Plus the greatest economist ever known, Obama, is about to give a speech later on how good everything is and annouce $100 billion pot hole repair project. Probably finish markets up +1%.
No matter what Obama propses, it will never make it through the congress.
Lets see if they can get a CR to keep the fed governement open, by the end of september.
100 billion...it will be a 1 trillion all union job pothole and sign project....gotta tell the sheeple where all the money is being spent...I wonder what will be the slogan this time.....third times the charm maybe
I have to wonder how many algos and HFT engines are starting to put weight into ZH's news. I guess when we start seeing bullion sellers go from hundreds of K ounces physical PM's to zero in minutes that will tell us.
Do you like Ravioli in cans? :)
you just reminded me of late 80s Thrasher magazine, Chef-Boy-Am-I-Hungry.
Love it. I also love my sp 1100 puts that i bot for pennies last week.
Pennies? I had to pay $1.70! :(
I actually have several cases, will be trading them for more gold shortly...
Beefaroni...in the 10 pound cans please.
Gold in all foreign currencies making new highs today, across the board.
Gold priced in currencies is completely missing the point....but then again missing the point and the boat entirely is Robos trademark.
So what will the excuse be for QE3 if they do not drive down the economic headline prints to recessionary levels? Will Ben come out and blatantly state that it is to protect bankers pays and bonuses? I know QE3 will still come down the pipe, the question is what will be the stated catalyst.
I sure wouldnt be holding my breath for QE3 miracle at this point.
Never underestimate the level of childness that banks will play to make easy money.
Well, bring it on then. But I dont see it, not with the mad push to keep damage controlling everything. If theyre going for QE, then they'd just let markets slide to ust under 10,000....but they refuse to, and algo-buy back all drop hell we're not even down -200 on todays dismal carnage world-wide.
I think The Messiahs '$100 billion pot hole infrastructure and targeted tax' speech tonite will be QE3. Got to shear the sheep sometime.
Love the title.... but shouldn't "MANFUCATURING" be spelled manfuckaturing? I know you had a shealtered childhood with loving parents that kept you away from vulgar peers, but Tyler, it's spelled with a K!!!
Love ya HCE
There aren't as many customers but those that are still buying are paying through the nose so we are all still doing fine.
Service costs are going through the roof. Medical costs are surging again. I expect it to cost $500 to see the doctor for a runny nose by the end of the year.
I'll look at your nose for $250, payable in gold of course !
HUI up 2% again, Dow down 2% again - it's obvious the gold and Canadian junior stock run is now taking off with 99% of investors being left behind.
Algos working hard but to no avail :)) volume is well it isn't :))! As I previously said a few times S&P will be @ 875ish to 1050ish, the latter as in "best case"!
I guess their plan is waiting for a good up day to pile everyone in then take down the markets. Tic toc tic toc Ben what are you gonna do? Time is runnin out there chumpster.
Bulls rush in, where Wise men fear to tread...
DOW drifting towards down 300pts, CNBC getting a conscience reminding us a few times that this is the worst 3 day start to September ever.
I feel sorry for the CNBC crew, their caviar stuffed lobster lunch is shaping up to be in a somber mood today.
How is the FTSE staying flat? Should falling like a sack of ....
Yep, was just looking at that as well...WTF?
Been wondering about that one myself, the past hour. It's broadly tracking the direction and magnitude of Dax / Cac /etc moves but riding a mile above them. What gives?
It's the horrible data and increased expectations for more QE by BOE circus monkeys. Just like it is everywhere.
ot: TD, what happens if you do 2/10/30 vs. /es spread 5 year chart weekly basis ?
Obama has declared war on the Wall Street banksters. He got Wall Street campaign money to get elected and now he's throwing them under the bus in order to get Main Street votes. There will be no QE3 for Wall Street. The Federal Reserve will attempt another QE round by expansion of bank credit through Fannie Mae and Freddie Mac in an attempt to pump up the housing market. And what will the Wall Street banksters do? They will crash the stock market in an attempt to get Obama to cave on the lawsuits and have free Fed money redirected to them. How will Obama respond? He may let the Wall Street banksters and the stock market collapse because he's a Marxist-Leninist who is using the Saul Alinsky's "Rules For Radicals" playbook. Crash the whole system, take it over, and rebuild it the way you want. And, blame the banks and the Republicans for the collapse. The Wall Street banksters should have hired a few historians instead of all of those quants. Maybe they would have known what Obama's next step would be.
Right on queue: CNBC touting this as "buying opportunity." They are worse than house realtors.
So the shit that couldn't sell and the shit that no one wants is the very same shit that is used to juice the grim data............precisely why powers that be will make any excuse and manipulate any #'s so long as the FUNDUHMENTALS are kept out of sight out of mind.
Gotta love it!
ISM is a a sentiment survey,,, HAHAHAHAHAHAHAHAHAHA
OK with your sentiment today bunky???
I just took profits on my SPY puts, as US markets seemed unlikely to fall further today. I'll re-load soon. Hope it's been a profitable two days for y'all.
"Europe’s manufacturing industry contracted more than initially estimated in August, adding to signs that the euro region’s recovery is faltering.
A manufacturing gauge based on a survey of purchasing managers in the 17-nation euro region fell to 49 from 50.4 in July, London-based Markit Economics said today. That’s the weakest in two years and below an initial estimate of 49.7 published on Aug. 23. A reading below 50 indicates contraction."
"Manufacturing orders in July declined by 2.8 per cent compared to June levels, according to the Economics Ministry."
at least the good news is that we havent fallen off the cliff, spiraling into the deflationary abyss....
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