"Price Stability": 10 Year Retraces Almost Entire Intraday Swing, As The S&P Surges By Over 60 Points In Minutes
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:
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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.
aww...nice marmot
Walter what is your fucking problem man?
Theyre fucking nihilists man, thats what.
Nihilists huh... That must be exhausting.
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.
I am the walrus, I am the walrus uhh.
nobody fucks with the jesus!
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.
I'll tell you what I'm blathering about... I've got information man! New shit has come to light!
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...
Yeah.... well... you know... that's just... like... your opinion, man.
lol
yoos toos crack me up!
Never has there been a more perfect comment at a more perfect time.
daily RSI was 16 man...that is deeply oversold and a bounce was due.
Shut up, Donny.
The f'ing short version: http://www.youtube.com/watch?v=EXT0gOk1Ogw
Ahhhh fuck it dude, lets go bowling
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.
um, lol.
preferred nomenclature
The under-cinematized is a sad, sad thing.
Hell, I can get you a toe by 3 o'clock this afternoon... with nail polish. These fucking amateurs...
Ve vant ze money, Bernanke
ve believes in nussing, Bernanke, nussing - and tomorrow ve come back and ve cut off your johnson!
THERE ARE NO MORE FREE MARKETS!!!! EVERYTHING IS A SCAM!!!!!!!!
You may be saying that about many Americans, as well as their economy.
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
Commissars.
alles klar, Herr Kommisar?
http://www.youtube.com/watch?v=JQ_m4_wnPNw&feature=related
nice
represent
What f'ed markets we have...
Great job, Chairsatan!
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.
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...
to the liquor store!
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...)
Yeah someone should print out a hard copy before the servers get shut down...
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.
-----------
So I was off by one day. It hit in overnight futures last night. Pay attention.
<<< 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!
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.
If ZH gave me the privilege, I would post charts and videos as well.
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.
Who is the next Austria?!
Yep, stockpile physical as long the FRNs will buy it and just wait for them to finish burnin the mother down.
Can someone explain WTF is going on in the markets?!?
a bunch of fig-eaters with towels on their heads tryin' to find reverse on a Soviet tank?
ah...that must be exhausting
We're talking about unchecked aggression here, dude.
So when does Wall Street's unchecked aggression become London's on America's main streets?
It's already starting in smaller scales.
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.
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.
I am so excited! Stocks up, bonds up, gold up...we're all going to be rich, I tell you!
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
"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.
The amazement was in the almost complete retracement.
Battle Royale meets Royale with cheese. Now BACK OFF!
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.
Reviewing the action:
http://www.youtube.com/watch?v=pUMEVSWx7IM&feature=related
Congratulations. It seems you are beginning to understand the impact of ZIRP on Term Structure.
Treasury bubble has popped, David Rosenburg probably top ticked it.
Flight out of currency risk.
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!
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.
It may be.
The only thing that looks PPT about this rally is the strength in financial stocks.
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?
Yes
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.
some Chinaman in Korea took them
calmer than you are
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.
calmer than you are
calmer'n you are, Dude...
Uhhhh, Groundhog Day?
Fucking Chinks?
dont quite recall that particular line...
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.
Nothing like what having Bernank and Geithner in charge does.
I prefer white bread, or thin lips.
Do they make yellow bread?
I like gringo, actually, but only because I'm a stranger in Aztlan.
this isn't a guy who built the railroads here...
http://www.huffingtonpost.com/2011/08/06/israel-protests_n_920274.html
underloards.