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Global keynesian brain damage syndrome
maybe big pharma will deem a new disease called "keynesian sickness".....long pharmas
After a depressing morning watching the euro soar through all manner of resistance a nice thought occured to me, maybe the Slovaks will ratify the bailout and then the markets will turn and stop their climb.
Really, financials are up 3.7% today, really?
I see we've gone full on slapstick comedy today. WTF??
Up 286 on shit for volume? Man, I 'coulda been a contender.
BURN CHINA! BURN!!!
Yup. So much for the markets being wiped out today. Its nothing short of mind-boggling.
This market has the memory of a goldfish. How many times have we done this now? Here we are slamming against the ceiling at S&P 1190, but everybody's still absolutely convinced it's a real rallly. The presses are rolling! Europe's saved! Game on!
(Just doubled my puts. market 180 time. see you at 1080 when everyone will be screaming, "there's no bottom to this, there's no bottom!!!)
bailouts lead to more, etc. esentually, it's a domino effect leading to global poverty.
part of the lemming effect, more shorting to come.
At least we know who owns who in China.
Or indeed and, more to the point, who owns Hu.
And more importantly, Hu Flung Pu.
Governments only do what Banksters tell them to do.................
not in china bro. the govt is the bank
This is actually quite humorous from an Oriental mindset....theyre NOT 'bailing out' anything....they just threw a trump card in Europes face!
You talk about bailing out...OK we bail out too, negating you, SUCKERS!!
waited all day for China and Putin
I was just predciting this on the last thread: China will join the US and ECB in printing Trillions.
So they keep moving the decimal point to the right....so what? Means nothing to anyone but the top .001%.
Long term holders of physical gold at least have some comfort in the non-destruction of their real wealth. In that sense, meaning is present here. I think I share the opinion of the most of us who are correctly prepared in not wishing what's coming to actually occur. It's a slow motion train wreck, and stupidity is entertaining to a point, but this is starting to get dangerously close to actually breaking down, and that is frankly a grim, if unavoidable, thought.
Most of the Chinese would be satified with this. It's far better than baiting out US treasury bonds
the Dow will go to 36,000 just give it time....and please continue your negative articles coming...theres nothing like freaking out people to dump so you can pick it up on the cheap...
It won't matter with the DXY @ 40.
DOW at 35,000 means gas at $20, and no economy, jobs, law and order, etc.
But the elites will have their crappy sovereign debt reallocated to taxpayer backed stock prices.
I really hope you don't manage anyone's money. Using an internet blog as a contrarian indicator is pure idiocy.
DOW 36,000 also means gas $40 a gallon and trip to the store for the week costs around $12,000....OK bring it on whatever!
With the DOW at 36,000 one USD would be worth a teaspoon of dog shit. Enjoy cashing in your 'wealth' in pounds of dog shit.
We are all socialists now.
And here come the flippers.
Banks are the easiest problem to solve in China. They're going to need trillions more as the economy totters especially in second-tier cities (which are huge) and smaller cities (lots of them). And the Fed is still doing Pomos, Obama and Congress will announce trillion+ stimuli imminently, ECB needs trillions to bail its own governments out so they can bail out their banks and their citizens.....we gonna need a bigger printing press
'So they can bail out the banks, and their citizens'....LOL no ones bailing out their CITIZENS at all!
DJIA up 900+ points off its intraday lows in the last 5 trading sessions. Nothing like a pump job based upon rumors of bailouts.
I just got a friggin' margin call! First ever.
I got a one of those about 10 years ago when I used to trade stocks. I even got a few phone calls from my broker telling me to sell stock or deposit cash ASAP or they would liquidate my other position(s) until I was whole again. Scary when it happens. Alas, I no longer trade stocks. The little guys are seriously outgunned these days, and the SEC doesn't give a damn.
Well, it was just an email (for now), and not that much money, but completely related to the 5% run in high beta momos that I'm shorting. This market is completely insane.
I seems obvious that Central Banks are establishing policy with the intention of pumping markets. What a joke. Governments don't know how to solve REAL problems like high unemployment and massive deficit spending, so Central Banks create more fiat currency and goose the stock markets. No wonder so many people are cynical.
This explains the very brief mention of an upcoming extraordinary share holders meeting of Industrial Commercial bank of China where they plan to discuss new share issuance AND short term bond generation on the Chinese english speaking media today.
I have a smallish investment in China and because I knew that this was going to happen sooner or later, my investment profits get changed to gold at the end of each month.
I was not comfortable with heaps of RMBs just sitting there waiting for me.
edit: yes, this means that I actually have a small side-income that comes in gold! I feel so barbarian!
Good luck just trying to keep even, be nimble...VERY nimble!
i did better than keep even. As of a few weeks ago, it's already paid me back what i had invested.
Yield in cocaine nowadays? ;)
Very high according to the Mexican drug cartels.
Dick in the Middle.
If that's accurate I gotta see a doctor!! I wondered what all the pointing and laughing was about...
"To anyone still believing that capital markets around the world express something other than government industrial policy"
This is a corpocracy after all (fascism)
Did these banks pass the initial stress test too?
hmmm...I was supposed to have crossed out the world government
...another mistake...signing off...sorry all. Good luck out there
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