The "Price Stability"

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Tue, 09/06/2011 - 09:24 | 1638001 Snidley Whipsnae
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Fiat = Disaster

Gold Bitcheeeezzz ... had to say it

Tue, 09/06/2011 - 09:26 | 1638007 LawsofPhysics
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Winning!  We need more "mandates" < sarc off >

Tue, 09/06/2011 - 09:27 | 1638009 Silverhog
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2008-2009 looks like turbulence, 2011 looks like a tornado.

Tue, 09/06/2011 - 09:29 | 1638017 Snidley Whipsnae
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...Or, Katrina + SE Asian tsunami

Tue, 09/06/2011 - 09:32 | 1638031 flacon
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But.. but... how can anybody make a profit without rocking the boat? Stability = no ability to rape, pillage, and plunder by taking the opposite side of the swing. /sarc

Tue, 09/06/2011 - 09:37 | 1638046 Snidley Whipsnae
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Correct flacon... Stir the pot vigorously and when the chicken breast is visible, grab it!

Tue, 09/06/2011 - 09:44 | 1638068 flacon
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LOL! That's right! Nice analogy. 

Tue, 09/06/2011 - 09:28 | 1638012 sunny
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Price stability my ass, even the price of a new Porsche has gone through the roof!!!

sunny

Tue, 09/06/2011 - 10:07 | 1638148 TradingJoe
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In a deflationary crash the price of your porsche will be cut in half, be patient!

Tue, 09/06/2011 - 11:08 | 1638334 Durrr
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I thought the crash were going to be a inflationary explosion given all this built-up printer-pressure... Because that's better for the rich and it wouldn't do to make them angry if you're a policymaker.

Tue, 09/06/2011 - 09:29 | 1638013 THE DORK OF CORK
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Is the monetarist system over ? - until now we have had a system of freefloating currency pairs - now the SNB is taking the first steps towards a Gold standard system...... I think.

Unlike the BOE / Soros thingy - it is not trying to peserve the value of its currency - it is trying to destroy it by pushing fiat into Gold.

CBs can do this in their sleep.

Tue, 09/06/2011 - 09:31 | 1638014 THE DORK OF CORK
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Double post............. I am getting greedy............. my precious my precious.

Tue, 09/06/2011 - 09:29 | 1638018 LeonardoFibonacci
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a mathematical disaster even for Fibonacci.  He would throw in the towel lol.

Tue, 09/06/2011 - 09:33 | 1638033 Snidley Whipsnae
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My answer to Fibonacci = Reading goat entrails + throwing chicken bones + checking the crystal ball purchased at 'the magic store'...

Works about as well...

Tue, 09/06/2011 - 09:35 | 1638041 Global Hunter
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full marks for consistency this morning, you're sticking to that chicken bones method.  Central bankers/planners could learn a thing or two from you.

Tue, 09/06/2011 - 09:44 | 1638069 Snidley Whipsnae
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"Central bankers/planners could learn a thing or two from you."

Before those bastards can learn anything from anyone they need to unlearn what they thought they knew but didn't.

Feel free to quote me...

Tue, 09/06/2011 - 09:40 | 1638054 SheepDog-One
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Fibonacci like all other indicators works great in hindsight....when it worked. When its not working, we're still forming 'wave 4'.

Tue, 09/06/2011 - 09:30 | 1638019 Fips_OnTheSpot
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DAX was impressed - not for long. Intraday high after the announcement: 5328, low afterwards: 5155

Tue, 09/06/2011 - 09:30 | 1638023 adr
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Did someone turn on Tesla's Earthquake machine? You know the fabled one that start with small movemens that keep amplifying on themselves and eventually hits critical mass destroying everthing. That is what the chart looks like.

We are at the endgame people. There is only confiscation and the creation of the one world currency left in the central planning book.

Tue, 09/06/2011 - 09:31 | 1638024 Temporalist
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Today has the feeling that the holiday weekend hasn't ended; it's as if people are rubbing sleep from their eyes and haven't fully digested the global selloff 2 days ongoing.

Tue, 09/06/2011 - 09:33 | 1638035 Global Hunter
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Granted I'm "out of the game" but this morning is one of those mornings I put CNBC on because I like to watch them squirm but today they were quite giddy, they have no clue.

Tue, 09/06/2011 - 12:56 | 1638677 jerry_theking_lawler
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nah, they are just waiting for the PPT and low volume melt up to correct all things. let me know where we end up at the end of the day....

Tue, 09/06/2011 - 09:31 | 1638027 Global Hunter
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10 standard deviations = green shoots 

Tue, 09/06/2011 - 09:37 | 1638044 lolmao500
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It's all good.

Price stability should be INFLATION 0%... not 1% not 2%. 0%. Inflation is destroying the middle-class.

Tue, 09/06/2011 - 09:37 | 1638045 Pool Shark
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Speaking of price stability; looks like uncle Warren is taking a (real) bath on BAC...

Tue, 09/06/2011 - 09:57 | 1638102 Fish Gone Bad
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Fuck Warren Buffett.  BAC can't go to zero fast enough for me.  It can take him with it.

Tue, 09/06/2011 - 12:49 | 1638653 DosZap
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< Pool Shark >

You can bet your last dime, Unca Warren, has not lost one nickel off this deal........................he just sold his name for a hopeful runup,w/a guaranteed backing by Unca Sugar.

Bank it.

Tue, 09/06/2011 - 09:39 | 1638048 SheepDog-One
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Looks like we're gonna need a lot more fingers for this here dyke.

Tue, 09/06/2011 - 09:44 | 1638070 Iriestx
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Dyke?  Merkel?

Tue, 09/06/2011 - 09:58 | 1638122 Vergeltung
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Rachel Maddow?

 

Tue, 09/06/2011 - 10:19 | 1638181 snowball777
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Blythe?

Tue, 09/06/2011 - 09:48 | 1638059 adr
adr's picture

And the Insanity of the Year award ges to Sodastream up $2.10 this morning!!!

I guess currency crisis is good for home made soda machines. Is Green Mountain up? I'll check that.

Remember ISM data comes out at 10. Do we get a triple digit algo buy swing again? You can't rule it out. All the doom for 15 minutes at the open hasn't worked out well so far. Already off the lows.

Uh oh Netflix has flipped from down $2 to up $2 and International Paper is way up after the buyout now. Something BS tis way comes. The algos are stirring and the reversion may come. If it doesn't then all bets are off and we'll get a mass selloff but the reversion is a big possibility if the ISM report headline is positive.

Tue, 09/06/2011 - 10:06 | 1638146 Mitzibitzi
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Stoopid one over here in't UK, too. Whitbread? Who thinks there's gonna be a massive upsurge in gastro-pubs, coffee shops and hotel bookings, for fuck's sake? I can just about a fford to go for a couple of pints after work most weeks. Eating out? once a month maybe.

And I'm reasonably well off / debt free for a working stiff.

Tue, 09/06/2011 - 09:43 | 1638066 Temporalist
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Gold up over $1900 again...whoopsie.

Tue, 09/06/2011 - 09:47 | 1638075 Snidley Whipsnae
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DJ down 275... S&P down 29...

nothing to see here...

Tue, 09/06/2011 - 09:48 | 1638081 SheepDog-One
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Their knee-jerk margin hikes daily are now having no effect.

Tue, 09/06/2011 - 09:51 | 1638090 Snidley Whipsnae
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Correct SDone... Shanghai hiked overnight with minimal effect...

Soon they will reach into the ammo pouch, only to find it empty.

Tue, 09/06/2011 - 09:47 | 1638076 scratch_and_sniff
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Yeah, what a move, im in awe. Kicking myself really, was just pondering a position in EUR/CHF last night at the 50% fib from the aug lows, decided against it, bummer. Im glad i didnt see the move happening, i would have been tempted to scalp it on the short side after 500!! pips in a minute...so my luck evened out in a funny way.

Tue, 09/06/2011 - 09:48 | 1638080 FranSix
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Consider if you will the timing of the CHF intervention with the Euro.  Its as if they reversed their prior decision 180 degrees.  What this does in effect floods the Eurozone banking sector with quasi-euros.  Money printing but called intervention.

Tue, 09/06/2011 - 09:52 | 1638096 Motley Fool
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EURCHF? Seriously? lol

Tue, 09/06/2011 - 10:00 | 1638128 FranSix
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Its interesting to say the least, because the Japanese have nowhere to go.  The Yuan is already pegged to the dollar and the U.S. isn't making any noises about depegging any longer.

Tue, 09/06/2011 - 10:12 | 1638161 Motley Fool
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The Japanese situation is interesting. I just find faulting the ECB for their policy of price stability on the EURCHF pair this last while ( given larger market considerations) laughable. :)

Tue, 09/06/2011 - 10:20 | 1638184 FranSix
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The outcome will have to be devaluation against gold, but its as if they have to use every last policy excuse to print money first.

Tue, 09/06/2011 - 09:57 | 1638113 Quinvarius
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As soon as people realize Japan is a radioactive wasteland where no one will ever want to live, much less buy products from, the Yen will suffer an even worse fate.

Tue, 09/06/2011 - 10:01 | 1638121 eurusdog
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Did my ears just deceive me? Cramer just said "this is not a place to buy, this is not the bottom!"

Tue, 09/06/2011 - 10:03 | 1638137 firstdivision
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Welp!  Time to buy hand over fist then.

Tue, 09/06/2011 - 10:04 | 1638140 DefiantSurf
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I can't believe anyone watches that drivel

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