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"Price Stability": 10 Year Retraces Almost Entire Intraday Swing, As The S&P Surges By Over 60 Points In Minutes

Tyler Durden's picture




 

Following a 600 point plunge in the DJIA yesterday, today we see a 400 point surge following the presentation of the weak case of the expected Bernanke Put. And completing the amazement, the 10 Year bond, moved to almost record lows, and then retraced virtually the entire move, as nobody knows what central planning has in store for America any longer. Additionally, after being up 50%, VIX is now down 22%. Congratulations Ben: in taking central planning to nth double-down levels, you have now broken not only the stock, but the bond market as well.

10 Year:

ES:


 

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Tue, 08/09/2011 - 16:16 | 1543722 gangland
gangland's picture

in accordance with what we think your dying wishes might well have been, we commit your mortal remains to the bosom of the Pacific Ocean, which you loved so well... Goodnight, sweet prince.

Tue, 08/09/2011 - 16:22 | 1543754 mtomato2
mtomato2's picture
And let's also not forget--let's not forget, Dude--that keeping wildlife, an amphibious rodent, for uh, domestic, you know, within the city-- that isn't legal either
Tue, 08/09/2011 - 16:23 | 1543765 caerus
caerus's picture

aww...nice marmot

Tue, 08/09/2011 - 16:26 | 1543786 Dave Thomas
Dave Thomas's picture

Walter what is your fucking problem man?

Tue, 08/09/2011 - 16:28 | 1543791 mtomato2
mtomato2's picture
Forget it, Donny. You're out of your element.
Tue, 08/09/2011 - 16:30 | 1543802 SheepDog-One
SheepDog-One's picture

Theyre fucking nihilists man, thats what.

Tue, 08/09/2011 - 16:34 | 1543828 Johnny Yuma
Johnny Yuma's picture

Nihilists huh... That must be exhausting.

Tue, 08/09/2011 - 16:35 | 1543829 gangland
gangland's picture

What the fuck are you talking about?!

This Chinaman is not the issue!

I'm talking about drawing a line in the sand, Dude.

Across this line you do not, uh--

and also, Dude, Chinaman is not the preferred nomenclature, uh..

Asian-American. Please.

Tue, 08/09/2011 - 16:38 | 1543844 Dave Thomas
Dave Thomas's picture

I am the walrus, I am the walrus uhh.

Tue, 08/09/2011 - 16:41 | 1543864 caerus
caerus's picture

nobody fucks with the jesus!

Tue, 08/09/2011 - 16:47 | 1543888 FEDbuster
FEDbuster's picture
Has the Whole World Gone Crazy? Am I the Only One Around Here Who Gives a Shit About the Rules? Mark It Zero!
Tue, 08/09/2011 - 17:04 | 1543976 Dave Thomas
Dave Thomas's picture

I don't like your jerkoff name, I don't like your jerkoff face, I don't like your jerkoff behavior, I don't like you... jerkoff.

Tue, 08/09/2011 - 17:21 | 1544046 Jeff Lebowski
Jeff Lebowski's picture

I'll tell you what I'm blathering about... I've got information man! New shit has come to light!

Tue, 08/09/2011 - 18:18 | 1544276 eureka
eureka's picture

mumbo-jumbo all - GS/JPM told Bernank/Fed what to say at 2:15pm today - after which GS published its "interpretation" of the 2;15pm today Bernank/Fed speak - after which GS pumped U.S. stocks to spite bears and the entire world of U.S.-doubters - and to stir fear into the sheeple over the HOLY DOW's unpredictability yet resillience in order to sew the seeds for Jackson Hole WY August 26 2011 Bernank announcement of QE3 - to which anyone with half a brain can only say fuck the USphonyA Empire and long live the republic, or break it up in five parts based on ideology, and fuck the Wall Street Casino, and its "investors"...

Free the world - bomb Wall Street - ahh, call in the UK rioters for that - US'ians are too busy binging burgers, burbing coke, gaming, gambling, bla bla bla boring fucking knucklehead provicial clueless moron pussies squabling over marbles - losers all - if you want the world to respect you go blow up some banks...

Tue, 08/09/2011 - 19:15 | 1544510 Johnny Yuma
Johnny Yuma's picture

Yeah.... well... you know... that's just... like... your opinion, man. 

Tue, 08/09/2011 - 21:11 | 1544835 caerus
caerus's picture

lol

Tue, 08/09/2011 - 23:39 | 1545147 juangrande
juangrande's picture

yoos toos crack me up!

Wed, 08/10/2011 - 09:29 | 1545880 mtomato2
mtomato2's picture

Never has there been a more perfect comment at a more perfect time.

Tue, 08/09/2011 - 22:23 | 1545005 trav7777
trav7777's picture

daily RSI was 16 man...that is deeply oversold and a bounce was due.

Tue, 08/09/2011 - 17:05 | 1543964 Biosci
Biosci's picture

Shut up, Donny.

The f'ing short version:  http://www.youtube.com/watch?v=EXT0gOk1Ogw

Tue, 08/09/2011 - 17:37 | 1544110 Pete15
Pete15's picture

Ahhhh fuck it dude, lets go bowling 

Tue, 08/09/2011 - 17:32 | 1544092 DosZap
DosZap's picture

gangland,

What if the Chinaman, is in China?Does that make him a Asian-Chinese?.

Why do have this PC shit here anyway?.

If you are a citizen, your just a plain friggin American.

Screw the Hyphenated shit spewed by the Liberal fks,that's one of the reasons we're a Nation Divided.

Tue, 08/09/2011 - 17:40 | 1544127 Cathartes Aura
Cathartes Aura's picture

um, lol.

Tue, 08/09/2011 - 17:51 | 1544172 caerus
Wed, 08/10/2011 - 09:31 | 1545888 mtomato2
mtomato2's picture

The under-cinematized is a sad, sad thing.

Tue, 08/09/2011 - 17:29 | 1544078 spinone
spinone's picture

Hell, I can get you a toe by 3 o'clock this afternoon... with nail polish. These fucking amateurs...

Tue, 08/09/2011 - 16:27 | 1543787 mtomato2
mtomato2's picture
It's uh, it's down there somewhere. Lemme take another look.
Tue, 08/09/2011 - 17:15 | 1544020 Johnny Yuma
Johnny Yuma's picture

Ve vant ze money, Bernanke

Tue, 08/09/2011 - 17:53 | 1544183 Cathartes Aura
Cathartes Aura's picture

ve believes in nussing, Bernanke, nussing - and tomorrow ve come back and ve cut off your johnson!

Tue, 08/09/2011 - 17:11 | 1544001 jus_lite_reading
jus_lite_reading's picture

THERE ARE NO MORE FREE MARKETS!!!! EVERYTHING IS A SCAM!!!!!!!!

Wed, 08/10/2011 - 03:03 | 1545359 darkstar7646
darkstar7646's picture

You may be saying that about many Americans, as well as their economy.

Tue, 08/09/2011 - 16:17 | 1543724 oogs66
oogs66's picture

comrade oogs is going to get an early wait on his stand in the bread line....have to brush up on some other communist era things since that is where we are headed, except we will still have billionaires...maybe we can call them uber-comrades or they can all just be czars

Tue, 08/09/2011 - 16:38 | 1543843 Diogenes
Diogenes's picture

Commissars.

Tue, 08/09/2011 - 16:49 | 1543899 LFMayor
LFMayor's picture

alles klar, Herr Kommisar?

Tue, 08/09/2011 - 17:57 | 1544199 caerus
caerus's picture

nice

Tue, 08/09/2011 - 18:50 | 1544414 fuu
fuu's picture

represent

Tue, 08/09/2011 - 16:17 | 1543726 John Law Lives
John Law Lives's picture

What f'ed markets we have...

Great job, Chairsatan!

Tue, 08/09/2011 - 16:37 | 1543835 Whatta
Whatta's picture

wow..did you know that f'ed spells FED too? Creeeepy!

I wishthefuck someone would explain the rules of this market thing to me. Are we supposed to buy or sell now? Are times good or bad. I can't tell.

Tequila will fix this, I am sure.

Tue, 08/09/2011 - 17:52 | 1544177 Max Hunter
Max Hunter's picture

It's pretty fucking obvious we should be buying the Euro.. Since they don't have ANY debt problems and should remain 25 cents ubove PPP (purchasing power parity).. against the USD.. That's it.. I'm going long here.. No stop.. target 1.80...  fucking BB...

Tue, 08/09/2011 - 17:58 | 1544202 caerus
caerus's picture

to the liquor store!

Tue, 08/09/2011 - 16:49 | 1543890 slaughterer
slaughterer's picture

The above 15 comments on this board should go down in ZH history as the most shining example of what we can achieve here.  Take note historians and Michael Lewis.  (Now, where is that cute trainee from Hamburg...)

Tue, 08/09/2011 - 17:25 | 1544072 Pay Day Today
Pay Day Today's picture

Yeah someone should print out a hard copy before the servers get shut down...

Tue, 08/09/2011 - 17:50 | 1544171 John Law Lives
John Law Lives's picture

Where does this mindless prattle rank in that list:

-----------
slaughterer
on Mon, 08/08/2011 - 23:48
#1541055

DOW 10060. Doable by lunch tomorrow, it seems.
-----------

Tue, 08/09/2011 - 18:45 | 1544397 slaughterer
slaughterer's picture

So I was off by one day.  It hit in overnight futures last night.  Pay attention.  

Tue, 08/09/2011 - 18:52 | 1544429 John Law Lives
John Law Lives's picture

<<<    Pay attention.    >>>

I would pay attention if you had something intelligent to say.  As it is, you are another daytrader following your gauges.  At least Robo used to post interesting pics with his/her posts.  Not any more.  Yawn! 

Wed, 08/10/2011 - 03:04 | 1545361 darkstar7646
darkstar7646's picture

The problem is that the gauges stopped applying when it was clear that the only real owner, for any length of time, of any stock in the DOW 30 is the US Government and the Plunge Protection Team thereof.

Wed, 08/10/2011 - 08:13 | 1545640 slaughterer
slaughterer's picture

If ZH gave me the privilege, I would post charts and videos as well. 

Tue, 08/09/2011 - 16:18 | 1543728 TruthInSunshine
TruthInSunshine's picture

The Bernank's going to go down as the Fed Head who broke all markets, and for quite a long time.

Twice bitten, once shy comes into play here, folks.

Three times bitten sucks, because most just bleed out.

Look back to 1929 to 1932 for guidance, an era that The Bernank claims expertise on, in the most ultimate of ironies.

Tue, 08/09/2011 - 16:29 | 1543798 PhattyBuoy
PhattyBuoy's picture

Who is the next Austria?!

Tue, 08/09/2011 - 16:51 | 1543906 Bastiat
Bastiat's picture

Yep, stockpile physical as long the FRNs will buy it and just wait for them to finish burnin the mother down.

Tue, 08/09/2011 - 16:18 | 1543729 Walcott14
Walcott14's picture

Can someone explain WTF is going on in the markets?!?

Tue, 08/09/2011 - 16:22 | 1543753 gangland
gangland's picture

a bunch of fig-eaters with towels on their heads tryin' to find reverse on a Soviet tank?

Tue, 08/09/2011 - 16:24 | 1543771 mtomato2
mtomato2's picture
They're nihilists, Donny, nothing to be afraid of.
Tue, 08/09/2011 - 16:26 | 1543781 caerus
caerus's picture

ah...that must be exhausting

Tue, 08/09/2011 - 16:53 | 1543928 FEDbuster
FEDbuster's picture

We're talking about unchecked aggression here, dude.

Wed, 08/10/2011 - 03:06 | 1545365 darkstar7646
darkstar7646's picture

So when does Wall Street's unchecked aggression become London's on America's main streets?

It's already starting in smaller scales.

Tue, 08/09/2011 - 16:31 | 1543810 kaiserhoff
kaiserhoff's picture

If it were a French tank, it would only have reverse.

The market is exactly like a monkey trying to fuck a football.  Lots of activity expended in a lost cause.

Tue, 08/09/2011 - 16:23 | 1543763 AmazingLarry
AmazingLarry's picture

Just got super hiiiiiiigh on hopium.

We still need a precipitus drop before Jackson Hole, when of course, he will say nothing again, not thing will be fixed.....again....and assure the bear goes into hibernation. 

Tue, 08/09/2011 - 17:04 | 1543972 Greater Fool
Greater Fool's picture

I am so excited! Stocks up, bonds up, gold up...we're all going to be rich, I tell you!

Tue, 08/09/2011 - 17:54 | 1544191 jplotinus
jplotinus's picture

Yes. Markets go up one day and down the next; then vice versa. Wash, rinse, repeat.

As I had said, several times, going into the blog frenzy of the last few days:

 

Chill

Tue, 08/09/2011 - 16:19 | 1543731 Robbie4
Robbie4's picture

"And completing the amazement, the 10 Year bond, moved to almost record lows" no amazement here, that it proves again that the long term interest on Teasuries is trongly correlated to the expectatiion of the future Fed Funds Rate.

Tue, 08/09/2011 - 16:25 | 1543778 Tyler Durden
Tyler Durden's picture

The amazement was in the almost complete retracement.

Tue, 08/09/2011 - 17:39 | 1544123 disabledvet
disabledvet's picture

Battle Royale meets Royale with cheese. Now BACK OFF!

Tue, 08/09/2011 - 17:44 | 1544144 SwingForce
SwingForce's picture

The amazement is that Bank Stocks were backstopped at yesterday's lows, to the PENNY for JPM-FAS-XLF-BKX(+2cents)-UYG(-2cents)-C & BAC never came near yest's lows today. Let the banks buy stocks that yield way more than the 10 year. QE3 is Operation Squeeze, like squeeze people out of bonds becu'z the yield is so low, get'em into stocks. Let banks buy stocks too, the yield on the equal dollar Dow 30 hit 3.25% today.

Tue, 08/09/2011 - 17:45 | 1544149 Manthong
Tue, 08/09/2011 - 17:14 | 1544003 Bam_Man
Bam_Man's picture

Congratulations. It seems you are beginning to understand the impact of ZIRP on Term Structure.

Tue, 08/09/2011 - 16:21 | 1543734 Spitzer
Spitzer's picture

Treasury bubble has popped, David Rosenburg probably top ticked it.

Flight out of currency risk.

Tue, 08/09/2011 - 16:32 | 1543811 Mactheknife
Mactheknife's picture

Let's see...should I loan some of my hard earned money to a government that borrows .42 of every 1 it spends and can't seem to stop at a rate that is lower than real inflation who has already borrowed more than it can ever pay back?  Gee, I don't know that's a tough one but I think I'll pass on that. Thanks anyway!

Tue, 08/09/2011 - 16:53 | 1543923 Jack Sheet
Jack Sheet's picture

Martin Armstrong on why bonds yields stay low

http://www.martinarmstrong.org/files/Why%20Bonds%20Always%20Rally%2008-0...

The real capital displacement (shift from bonds to stocks) has not yet taken place.

Tue, 08/09/2011 - 17:09 | 1543994 Spitzer
Spitzer's picture

It may be.

The only thing that looks PPT about this rally is the strength in financial stocks.

Tue, 08/09/2011 - 16:19 | 1543735 chrisd
chrisd's picture

So people plunge into equities because there is no yield from bonds, but the Fed admits that earnings power of equities will be low because the economy sucks.

So now, aren't we playing an even bigger game of hot potato in hoping that someone else will desire the "equity yield" and hope they don't get destroyed by a poorly timed earnings release?

Tue, 08/09/2011 - 17:42 | 1544135 disabledvet
disabledvet's picture

Yes

Tue, 08/09/2011 - 16:19 | 1543738 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

Your jewish overlords are well in control. Time to double the aid payments to Israel, you gotta pay top $dollar for this quality of fascism.

Tue, 08/09/2011 - 16:20 | 1543743 gangland
gangland's picture

some Chinaman in Korea took them

Tue, 08/09/2011 - 16:25 | 1543777 mtomato2
mtomato2's picture
uh--and also, Dude, Chinaman is not the preferred, uh. . . Asian-American. Please.
Tue, 08/09/2011 - 16:33 | 1543815 caerus
caerus's picture

calmer than you are

Tue, 08/09/2011 - 16:41 | 1543860 spartan117
spartan117's picture

It's only derogatory if YOU take it as derogatory.  Some white folk prefer to be referred to as "rednecks", "honkies", "gringos", "crackers", etc.  They love it.  Really.

Tue, 08/09/2011 - 16:45 | 1543882 caerus
caerus's picture

calmer than you are

Tue, 08/09/2011 - 17:38 | 1544115 mtomato2
mtomato2's picture

calmer'n you are, Dude...

Wed, 08/10/2011 - 00:51 | 1545239 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

Uhhhh, Groundhog Day?

Tue, 08/09/2011 - 16:56 | 1543939 FEDbuster
FEDbuster's picture

Fucking Chinks?

Tue, 08/09/2011 - 17:11 | 1544002 gangland
gangland's picture

dont quite recall that particular line...

Tue, 08/09/2011 - 17:22 | 1544056 spartan117
spartan117's picture

Well, "fucking" is technically not derogatory.  But you are free to use "chinks" as a stand alone term.  But I've always been at a loss for what "chinks" implies. The American slang doesn't make a whole lot of sense.  I understand "cracker", but "chinks?"  Oooooh, "chink".  Wow, that term must strike terror in the hearts of Chinese all over the world. 

Tue, 08/09/2011 - 17:29 | 1544085 Pay Day Today
Pay Day Today's picture

Nothing like what having Bernank and Geithner in charge does.

Tue, 08/09/2011 - 17:19 | 1544040 Barry Mcokiner
Barry Mcokiner's picture

I prefer white bread, or thin lips.

Tue, 08/09/2011 - 17:23 | 1544063 spartan117
spartan117's picture

Do they make yellow bread? 

Tue, 08/09/2011 - 17:32 | 1544091 toady
toady's picture

I like gringo, actually, but only because I'm a stranger in Aztlan.

Tue, 08/09/2011 - 17:33 | 1544096 caerus
caerus's picture

this isn't a guy who built the railroads here...

Tue, 08/09/2011 - 16:48 | 1543893 baby_BLYTHE
baby_BLYTHE's picture

Spot-on, never forget... Israel is the only middle-eastern country to ever commit acts of terrorism against the US.

http://www.youtube.com/watch?v=fvItZ2GS88A 

Tue, 08/09/2011 - 17:38 | 1544116 stu11
stu11's picture

I see some of us are in need of reprogramming.

Independent thought and pursuit of the truth are decidedly inconvenient.

Tue, 08/09/2011 - 18:25 | 1544304 Max Hunter
Max Hunter's picture

Indeed... Normally an Israeli firster would have shown up by now calling us all racists for not dropping to our knees kissing the first Jewish ass that passed..

Won't be long. They will be here to reinforce the conditioning the very few of us somehow shook off by fluke accident..   Mr. Smith is on his way..

USS Liberty... nuff said

Tue, 08/09/2011 - 17:47 | 1544157 disabledvet
disabledvet's picture

I'm SHOCKED u would say such a thong-i mean thing. Now go take your clothes off and dance in the window. I just got home from work and have the bino's at the ready.

Tue, 08/09/2011 - 17:59 | 1544207 baby_BLYTHE
baby_BLYTHE's picture

as the good doctor is famous for saying, "truth is treason in the empire of lies"- Ron Paul

Tue, 08/09/2011 - 21:32 | 1544890 disabledvet
disabledvet's picture

and the good Underdog says "sex is the reason i spy, i spy." arf! arf!

Tue, 08/09/2011 - 21:31 | 1544889 Temporalist
Temporalist's picture


Haym Salomon: Financier of the Revolutionay War

http://www.fau.edu/library/brody5.htm

Tue, 08/09/2011 - 23:27 | 1545121 TruthInSunshine
TruthInSunshine's picture

What's sad and pathetic is that American Students are still taught that the Revolutionary War was due to a stamp tax and a tax on tea, and other such nonsense.

The Revolutionary War's primary cause was that a very Rothschild-controlled England did not take kindly to the New Colonialists printing their own money, via Colonial Script, because it deprived the Crown of  the means of extracting wealth from every time Colonial Script was used to purchase goods and services, with the Colonialists not having to borrow anything from the Bank of England nor pay any interest.

What's even far more sad and pathetic is that our government sold us out in 1910-1913 when they allowed The Federal Reserve to set up shop and delegated the very right to print money to it, without so much as a whimper.

Tue, 08/09/2011 - 16:19 | 1543739 Hedgetard55
Hedgetard55's picture

Cheap money got us into this mess, and even cheaper money will get us out.

Tue, 08/09/2011 - 17:50 | 1544164 JW n FL
JW n FL's picture

+++++++++++++++++++++++++++++++++++++++

Tue, 08/09/2011 - 16:19 | 1543740 machineh
machineh's picture

Just watch tomorrow, when Bigfoot Bernank seeks to take out his rage (three dissenters!) on the gold market. 

Can't make a recovery omelette without breaking a few eggs!

Tue, 08/09/2011 - 16:19 | 1543741 Robbie4
Robbie4's picture

"And completing the amazement, the 10 Year bond, moved to almost record lows" no amazement here, because it proves again that the long term interest rate on Treasuries is strongly correlated to the expectation of the future Fed Funds Rate.

Tue, 08/09/2011 - 16:24 | 1543769 Spitzer
Spitzer's picture

No, it proves that climax buying ends bull markets.

Tue, 08/09/2011 - 16:33 | 1543820 Johnny Lawrence
Johnny Lawrence's picture

Good luck with shorting Treasuries.  How did that work out in Japan?  A country that has even more debt than the US. 

For people who pride themselves on being contrarian, I'm amazed at how many people here shit on bonds.  Don't you realize that being bearish on bonds puts you in the same company as UBS, BofA, Morgan, etc?

Tue, 08/09/2011 - 16:52 | 1543915 Spitzer
Spitzer's picture

What do you think the rally was at the end was ? The CAD jumped by over 1% even when oil was down.

Do you think the PPT was buying CAD ? I don't.

Japan had a 20% savings rate for decades, they are a creditor nation. The US does not look like a creditor nation to me.

Tue, 08/09/2011 - 17:11 | 1543962 Johnny Lawrence
Johnny Lawrence's picture

Good point, but I don't see foreign investors dumping US Treasuries when so much of their exports rely on the US consumer.

Plus, it's only day of trading.  I don't make my decisions on that.  What I do know is that the sentiment towards bonds is extremely poor, and history of previous credit collapses show that bonds perform well in these situations.

Tue, 08/09/2011 - 17:19 | 1544031 Spitzer
Spitzer's picture

History shows the opposite when it is the governmets credit collaping

Tue, 08/09/2011 - 17:39 | 1544093 Pay Day Today
Pay Day Today's picture

"when so much of their exports rely on the US consumer."

US consumer is toast dude, the growing spending middle class is in India and China. They'll pretend to keep servicing the US market as long as the US continues to pretend to pay them, but that's about it.

Wed, 08/10/2011 - 03:08 | 1545367 darkstar7646
darkstar7646's picture

Not toast, GONE.

Most American consumption of the last 20 years died when Fannie and Freddie got nationalized.

Tue, 08/09/2011 - 19:04 | 1544474 fuu
fuu's picture

I have doubts about the importance of the American comsumer at this point.

Tue, 08/09/2011 - 16:20 | 1543744 The Count
The Count's picture

Welcome to Crazy Town!

 

The markets are getting more and more like a lunatic asylum.

 

Tue, 08/09/2011 - 16:20 | 1543747 tahoebumsmith
tahoebumsmith's picture

Adds a whole new meaning to the PPT.. It is now considered the PONZI PROTECTION TEAM..Days away from getting caught they had to do something to buy themselves a little more time. It's really a flippin joke at this point. America, land of the free now land of the bots. I wonder just how much mom and pop lost yesterday and how much they got back today? NA DA...Just a number they can stare at to keep them from having a run on BAC... Tick,tock,tick,tock time is running out.

Tue, 08/09/2011 - 16:20 | 1543748 breezer1
breezer1's picture

we pretend to invest in markets and they pretend we have markets.

Tue, 08/09/2011 - 16:20 | 1543749 reefermadness
reefermadness's picture

What part of collapse don't you understand? Gold, then watch the carnage from a distance drinking frozen vodka with babe in hand. Enjoy life don't wrestle with pigs in the dirt.

Tue, 08/09/2011 - 16:21 | 1543750 Traianus Augustus
Traianus Augustus's picture

This market is beginning to resemble an alligator during its death rolls.  The only question is...is the alligator the hunter in this market or the HUNTED?!?!

Tue, 08/09/2011 - 16:22 | 1543751 kaiserhoff
kaiserhoff's picture

Just saw Bill Gross on the boob tube, reacting to the now zero rate two year.  He said it might as well be a billion.  None of the short bus crowd caught the line or reacted.  Here is what I think he meant.

At zero interest, no one but the Squid, the Morgue, and the gubment will trade this shit.  NO ONE.  All the easier to manipulate the hell out of international cash flows.  I try not to wear a tin hat.  I really do.

Tue, 08/09/2011 - 16:34 | 1543804 Bay of Pigs
Bay of Pigs's picture

That isn't Tin Foil at all.

Just stating the cold hard facts on this shit show.

Buy GOLD & SILVER. FED just gave the green light to multi thousand gold and triple digit silver.

Tue, 08/09/2011 - 17:29 | 1544077 ReactionToClose...
ReactionToClosedMinds's picture

and competitor Blackrock is countering everything Gross says/does as part of the Special Ops side of the PPT

Tue, 08/09/2011 - 17:29 | 1544080 Stares straight...
Stares straight ahead's picture

Do you know what channel he was on?  I'd like to watch that interview in full.

Thanks

Tue, 08/09/2011 - 16:23 | 1543761 SheepDog-One
SheepDog-One's picture

Manic depressive markets one minute sobbing hopelessly in the corner, the next jumping around the room throwing confetti! Total and utter insanity.

Dollar is toast BTW.

Tue, 08/09/2011 - 16:23 | 1543762 Scalaris
Scalaris's picture

Letting the Dow fall under 10000 is unconstitutional and unamerican. Kudos PPT for saving America's economic image yet again.

Tue, 08/09/2011 - 16:54 | 1543931 Spitzer
Spitzer's picture

Its coming out of the treasury market.

Tue, 08/09/2011 - 16:24 | 1543768 Ned Zeppelin
Ned Zeppelin's picture

These movements are nutty and it is time to get out of the water, hug your wife, kids and PMs, and stay far away from the drooling Keynesian lunatics in the corner.

Tue, 08/09/2011 - 16:35 | 1543830 gmrpeabody
gmrpeabody's picture

+1000

Tue, 08/09/2011 - 16:24 | 1543772 Comay Mierda
Comay Mierda's picture

wtf happened to silver today?

Tue, 08/09/2011 - 16:26 | 1543779 reefermadness
reefermadness's picture

Silver is for speculation gold for safety. Choose wisely.

Tue, 08/09/2011 - 16:31 | 1543808 Seasmoke
Seasmoke's picture

i choose silver

Tue, 08/09/2011 - 16:37 | 1543837 tmosley
tmosley's picture

Ahh, the false duality.  Thinking like this is what will help those last few silver owners who could not be shaken from their positions either by prices of zero or inf-1 become the oligarchs of the next era.  We who hold silver thank you for spreading such falsehoods.

Tue, 08/09/2011 - 16:53 | 1543926 reefermadness
reefermadness's picture

You can choose whatever side you want. I'm in it for the insurance. Do you dispute that gold is better insurance than silver? 

Tue, 08/09/2011 - 18:01 | 1544213 lawrence1
lawrence1's picture

As Mosley says, false duality. Silver is a much more manipulated market, but, so far, has greatly outperformed gold over the last years and highly experienced, informed persons like Eric Sprott believe that silver will be the star of the decade. They have both been money for thousands of years. In short, they are both insurance, not trading vehicles, and you should be glad to have two options, and I would and do use both. If you take Nassim Taleb seriously regarding wildness and unpredictability, you would certainly utilize both as well as other vehicles for perserving wealth.
I wonder how others on this site have been influenced by
Taleb?

Tue, 08/09/2011 - 18:47 | 1544104 Shell Game
Shell Game's picture

(edit:  I should say, I half agree), Tm, but I like your confidence.  A good trade always has strong conviction.  My conviction is thus:  what do CBs hold in vaults?  Who is draining GLD (but not SLV)?  When the S really HTF after the Debt Kabuki theater, what outperformed?

Personally, I think gold will fly the standard into and through hyperinflation.  As in, massive decouple from Ag.

But, I tend to believe silver will be the standard bearer into and through the Depressionary plunge (that brings down Au) following HI, and many years after.  But, honestly it's just an educated WAG..

Tue, 08/09/2011 - 16:25 | 1543773 d00daa
d00daa's picture

i wish i could bitch-slap every single one of you, you don't collapse 20-25% over a two week period in a bull market.  get a hold of yourselves.  play the damn rally, short into resistance, rinse and repeat.

Tue, 08/09/2011 - 16:28 | 1543795 SheepDog-One
SheepDog-One's picture

Who gives a shit about 'trading' stocks to gain some worthless dollars? You take a look at the dollar today?

Tue, 08/09/2011 - 16:35 | 1543812 d00daa
d00daa's picture

i trade paper (etf options) to buy physical on dips.  i'm speaking to those here that are still short (shouldn't be since end of yesterday) being overly emotional and freaking out about today's "rally."  there is no fucking way we just jump right back into an equities bull market after what just happened over the last couple of weeks.

and no, TEOTWAWKI isn't lost on me.  not at all.

Tue, 08/09/2011 - 16:34 | 1543822 Iriestx
Iriestx's picture

Cocaine trades in dollars still, and in the end, isn't that why we're all here?

Tue, 08/09/2011 - 16:39 | 1543852 Temporalist
Temporalist's picture

I'm here for the cookies.

Wed, 08/10/2011 - 01:16 | 1545256 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

Did you leave any for the rest of us?

(that question is directed to each of you in turn)

Tue, 08/09/2011 - 16:42 | 1543869 PhattyBuoy
PhattyBuoy's picture

I am here for Robo's girlie pics ...

Tue, 08/09/2011 - 17:10 | 1543998 Greater Fool
Greater Fool's picture

Me too, and he has not been delivering the goods lately.

Robo, Dude, we were up 4%+ today. I'm sure you've got some obscure company there that just got its rat enema patent approved whose chart you can post. Along with the the other pics, of course.

Tue, 08/09/2011 - 16:44 | 1543879 kaiserhoff
kaiserhoff's picture

Red wine and pussy futures, or is that future pussy?

Tue, 08/09/2011 - 16:24 | 1543776 gunsmoke011
gunsmoke011's picture

Don't forget the dollar - another day like today and we can use it for toilet paper. The "Plan" is now clear -- as if it wasn't already. It may be time to do as they are doing in London and bring about "Real Change" in this country.

Tue, 08/09/2011 - 17:28 | 1544076 Barry Mcokiner
Barry Mcokiner's picture

I'm afraid it's too late  for that. Jersey Shore is back on and football starts soon. Home of the quasi-free and the complacent.

Tue, 08/09/2011 - 16:26 | 1543780 healey
healey's picture

What's the yield on a 10yr govt bond? I can't find this..

Tue, 08/09/2011 - 16:57 | 1543945 FEDbuster
FEDbuster's picture

There is none.

Tue, 08/09/2011 - 17:12 | 1544005 Greater Fool
Greater Fool's picture

If you buy one, they give you back your money in 10 years but they send you an American flag on a popsicle stick right away!

Tue, 08/09/2011 - 22:37 | 1545036 snowball777
snowball777's picture

I planted mine, but they still haven't germinated yet; I'll let you know.

Tue, 08/09/2011 - 16:26 | 1543782 Saucy-Jack
Saucy-Jack's picture

To quote ole Hunter:

"When the going gets weird, the weird turn pro."

Future histrorians will marvel at this madness.

Tue, 08/09/2011 - 17:54 | 1544193 disabledvet
disabledvet's picture

Even current ones. Now GET IN THERE AND BUY!

Tue, 08/09/2011 - 16:26 | 1543783 Eagle Keeper
Eagle Keeper's picture

When's silver gonna go back up?

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