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QE3 Levitation Day 2

Tyler Durden's picture




 

Yesterday we said that the "2010 Post-Jackson Hole No Volume Levitation Has Begun." Sure enough Day 2 is in the books. And anyone who recalls those fun days of deranged volatility from a week ago, when the DJIA moved +/- 400 points in a day, you can kiss those goodbye. The new no volume levitation regime is the same as the old no volume levitation regime, experienced so well between August 2010 and March 2011. The market will proceed to price in central planning in its most recent iteration of QE3 day, after day, after day, until September 21, and if nothing is announced then, until November 2, and then December 13, and so on, because the levered beta pursuit, aka "career risk" trade is now back on. It also means that the Fed will soon have to resume monetizing the $2.4 trillion in debt, well above the total excess reserves held by banks currently, that will be issued over the next year (did our good readers forget about all that debt that needs to find a buyer?). And while stocks are picking up the now standard 10 ES points per day, gold will one day very soon declare its independence from this centrally planned bullshit and just take off on its way to a self-imposed gold standard, which also means first 4, then 5, then increasingly more zeroes when expressing its price in reserve bank toiler paper terms. Incidentally, just like last year "nobody" could see QE2 happening, it may be time to put some money in Paulson & Co. which has been all but left for dead - somehow he always pulls out the centrally assisted hail mary in the last minute.

What is truly sad is that our fearless centrally planned leaders have officially run out of ideas and the only thing they can do is regurgitate the same policy error that did not work last year.

Oh well, at least everyone knows by now how it all ends: stocks unchanged for the year, gold up 30%

 

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Tue, 08/30/2011 - 16:01 | 1616316 ceilidh_trail
ceilidh_trail's picture

waiting on benny bucks...

Tue, 08/30/2011 - 16:13 | 1616385 egdeh orez
egdeh orez's picture

GOLD BITCHES!!!

Tue, 08/30/2011 - 16:22 | 1616411 tekhneek
tekhneek's picture

Gold's only going up because labor day's coming up and Irene "wiped out" the east coast. There will be a shortage and everyone knows that. Can't pull it out of the ground without labor. And labor day removes labor. After that, it will crash right back to $185(,000) where it belongs. Transitory tradition, what a barbarous relic that unedible piece of shit metal.

Or as Uncle Buff says: "It doesn't "do" anything! It doesn't even pay a dividend! It just sits there collecting dust! We could fit all of it in a 16m cube for crying out loud."

He forgot that it's the exponential opposite of inflation :(

Tue, 08/30/2011 - 16:42 | 1616500 mac768
mac768's picture

who knows what the central planners do with gold...

be careful out there

Tue, 08/30/2011 - 18:31 | 1616825 spiral_eyes
spiral_eyes's picture

tekhneek:

jp morgan: "money is gold, nothing else"

so in reality, gold is a hedge not against inflation but against deflation — when gold rises and rises, the price of everything — put up against money, or i.e. gold — is deflating because money buys more and more. at one over-inflated stage, the DJIA:AU was 1:50. Now it's 1:5. It's going to parity. Maybe even 2:1

Tue, 08/30/2011 - 17:06 | 1616603 Stoploss
Stoploss's picture

Heads up, Secret Service is going after gold coinage, specifically, liberty coinage. Anything containing the words "Liberty" or "In God We Trust" are now considered contraband.

 

The article can be found at www.prisonplanet.com

Tue, 08/30/2011 - 16:05 | 1616344 slaughterer
slaughterer's picture

All we need is a smug and smiling David Tepper on CNBC... when do they pull that one out?  

Tue, 08/30/2011 - 16:21 | 1616417 DoChenRollingBearing
DoChenRollingBearing's picture

@ deilidh_trail,

Thomas Donlan in last weekend's Barron's thinks that a surrpticious QE3 is ALREADY UNDERWAY.  I think he is right.

But, such benny bucks will not reach us shrimps.  So, what works?  Gold...

Tue, 08/30/2011 - 16:41 | 1616495 mac768
mac768's picture

You remember the RBS commercial:

"Don't talk, but act"

maybe this is now the new standard of the FEDS

Tue, 08/30/2011 - 16:01 | 1616317 HedgeAccordingly
HedgeAccordingly's picture

wonderful. gold going up on low volume, same with crude.. dollar up today.. weird day. 

Tue, 08/30/2011 - 16:11 | 1616375 smlbizman
smlbizman's picture

justvreceived a email from us mint that the 2011 uncirculated eagles, NOT PROOFS are priced at 6 t fucking dollars each or slightly more than the proofs....

Tue, 08/30/2011 - 16:15 | 1616394 Long-John-Silver
Long-John-Silver's picture

$60 benny bucks each will be cheap soon.

Tue, 08/30/2011 - 16:24 | 1616433 DoChenRollingBearing
DoChenRollingBearing's picture

The 24hgold/eBay price vs. spot gold price widget shows only a 5% premium or so for Eagles to spot price of gold.  This widget is imperfect, but may herald a divergence between physical vs. paper prices before long.

24hgold.com -- the widget is at the bottom of the home page.

Tue, 08/30/2011 - 16:25 | 1616435 RockyRacoon
RockyRacoon's picture

Yeah.   I was agonizing about paying $17 for proofs back in 1997.   Damn those were expensive!

Tue, 08/30/2011 - 16:46 | 1616518 mac768
mac768's picture

gold up, indices up, treasurys up, oil up, usd index up....

the correlation trade is kaputt

and the high frequency traders need to think about what happened....

Tue, 08/30/2011 - 17:12 | 1616625 Soul Train
Soul Train's picture

We are seeing now the DEAD CAT BOUNCE.

It is that simple,

Tue, 08/30/2011 - 16:02 | 1616318 BaBaBouy
BaBaBouy's picture

Hopium Bitchez ...

Tue, 08/30/2011 - 16:04 | 1616337 gunsmoke011
gunsmoke011's picture

That all may be true - but with volume so utterly putrid (I Know - CNBC says it is to be expected in this Holiday Shortened Trading Week) - but that not withstanding - the volume to me seems to indicate that we very well may be in the throes of The Mother of ALL Distribution - and that once it ends - we WILL see a market colapse the likes of which has never been witnessed in modern history. 1228 - 1229 is my back of the napkin level to watch.

Tue, 08/30/2011 - 16:23 | 1616427 SheepDog-One
SheepDog-One's picture

I think thats exactly what we're looking at, while Ben has everyone back to sleep dangling his QE3 carrot on a stick, theyre distributing like crazy with no intention of a $3 trillion printfest. I dont know what people are thinking, its not 2009 anymore, and it cant be done!

Tue, 08/30/2011 - 16:06 | 1616352 slaughterer
slaughterer's picture

1227.61 is what our computer spits out.  At least we are on the same page. 

Tue, 08/30/2011 - 16:15 | 1616398 mcguire
mcguire's picture

based on fib #s? just curious..

Tue, 08/30/2011 - 23:16 | 1617777 gunsmoke011
gunsmoke011's picture

If you count the move off the 1101 low as an ABC - and if C = A - then you get 1229ish and yes - a .50 fib retrace comes in at 1228 and change as I recall - so there are two reasons to think the 1228 - 1229 area may be it -- but we won't know for sure until BEN and the machines confirm and we see more than 15 contracts trade on the way dwon.

Tue, 08/30/2011 - 16:07 | 1616355 Let them eat iPads
Let them eat iPads's picture

70 point drop in the last 15 minutes on the Dow. The machines left the office early today.

Tue, 08/30/2011 - 16:16 | 1616359 LvMises
LvMises's picture

All bets are off. The only sure thing is more bad economic data, monetary stimulus and the constant rise in the price of gold. Plan accordingly.

Tue, 08/30/2011 - 16:10 | 1616365 caerus
caerus's picture

i give em one more day...two at the most

Tue, 08/30/2011 - 16:10 | 1616366 ??
??'s picture

bear heads exploding everywhere

Tue, 08/30/2011 - 16:24 | 1616432 SheepDog-One
SheepDog-One's picture

Why, because the DUH was up +19 points? Big deal. Distribution. Dont get too cocky there believing Bernank is YOUR pal.

Tue, 08/30/2011 - 16:57 | 1616573 rocker
rocker's picture

@ bear heads exploding everywhere.   This is the only way for the HFTs to steal money out of the market for now.

It's the ONLY way they can take the market up. Got to love the same old, same old crap they take up.

Parabolic stock: AZO and they talk about gold being such. They just put one in near where I live, one block away from a new AAP.

The Advance Auto part store is where the Rent-A-Center was.  RCII was only open for one year. The town could not support it.

Better yet, the auto parts stores are canabalizing themselves. Now AZO and AAP both have other stores within 5 miles.

It's Unbelievable that they would do this. Wait till this does not end well. They will look worse than Sears Holdings.   

What happens when the shorts are out and there is NO bid under it all.   Hmmmm.   Then the market explodes !!!

Tue, 08/30/2011 - 17:35 | 1616675 JohnG
JohnG's picture

Loooooooot's of unemployed trying to keep thier cars running themselves these days.

Wed, 08/31/2011 - 02:39 | 1618112 cbxer55
cbxer55's picture

Rocker:

Better yet, in my neck of the woods, everywhere that Advanced Auto builds is either right next to another auto parts store, or right across the street from one. I noticed it right away when AAP first came to Oklahoma. They built across the street from an O'reillys on Air Depot Boulevard. They built right next door to an AZO on NE23rd and Douglas Avenue. I thought, "how rude and in your face can another company get?" To this day I refuse to shop in AAP stores, have not stepped foot in one yet.

Hope they go under big time.

Tue, 08/30/2011 - 16:10 | 1616368 Cdad
Cdad's picture

The Mother of ALL Distribution

You saw a nice dose of it at the close.  Again, and because the stock market is driven by mentally retarded lemmings, everything [less gold and the dollar] traded as one.

Check any equity chart in the last ten minutes.  As ES came off, liqiudation was the order...dumping all the over pumped shares into the puke buckets known as the ETFs.

Disgusting.  As always, and with these same criminal bankers in charge of our markets, capital will not form and the Greater American Depression will roll on. 

Tue, 08/30/2011 - 16:13 | 1616384 UGrev
UGrev's picture

I'm beginning to think that was the plan this whole time. Squeezing someone quickly and really hard makes them pop.. applying a moderate amount of pressure over a long time makes them give in, give up and/or beg.

Tue, 08/30/2011 - 16:17 | 1616405 Cdad
Cdad's picture

It is just more of the same...the continuing crime wave perpetrated by Wall Street.

Tue, 08/30/2011 - 16:18 | 1616409 SheepDog-One
SheepDog-One's picture

Distribution big time....while stock bulls arrogantly primp and preen about their stocks going up and how bears are now screwed, good luck to them when the rug is pulled and theyre hitting the sell button like the ETrade baby losing everything in a bidless tanking market. 

Tue, 08/30/2011 - 16:42 | 1616499 Cdad
Cdad's picture

Bidless is exactly how I would describe equities in the AH session.  Every one I follow is sitting there with nothing but air beneath it as the ES bid vaporized in the last ten minutes of the market.

And of course, our supposed financial advisors who were panic buying into the market today are showing just how much value they add to the whole "investing" thing.

 

Tue, 08/30/2011 - 16:56 | 1616567 DUNTHAT
DUNTHAT's picture

Euro down

Asia down

Europe down

Banks down

PM up

SP500 up

What's wrong with this picture???

Tue, 08/30/2011 - 16:12 | 1616370 TruthInSunshine
TruthInSunshine's picture

<-- QE3 Won't happen. Goldman is spreading Hopium & taking other side of trade.

<-- ZH is correct & what TIS said above defies the laws of The Bubbles&BananasBernank.

 

<-- [3rd Category] Let the QE3 and guillotines fly, bitchez.

Tue, 08/30/2011 - 16:37 | 1616474 Id fight Gandhi
Id fight Gandhi's picture

I don't see it happening next month. If it was there would ne BIG hints coming out. Only the rumor mills are pumping qe3 here.

Tue, 08/30/2011 - 16:50 | 1616540 DUNTHAT
DUNTHAT's picture

Don't forget Sep 7 (next Wed), Germany could throw a wrench into everything with their Supreme court votes and Bundesbag votes

Tue, 08/30/2011 - 16:11 | 1616376 rambler6421
rambler6421's picture

Waiting on Zimbabwe dollars to fly out of his helicopter.

Tue, 08/30/2011 - 16:11 | 1616378 Sutton
Sutton's picture

Ben, meet General  Douglas Haig.

Tue, 08/30/2011 - 16:53 | 1616555 duo
duo's picture

A monetary Somme, per se? 

Tue, 08/30/2011 - 16:14 | 1616392 Scalaris
Scalaris's picture

"STOCKS AND GOLD RISE AMID UNCERTAINTY: Here's What You Need To Know"

The above heading was copied from Business Insider - I'm not joking - and apparently uncertainty is bullish so I guess when we get the first couple of bank collapses the rally will go ballistic, no?


Tue, 08/30/2011 - 16:15 | 1616399 marcusfenix
marcusfenix's picture

is there enough hopium left in the central planners tank to overcome a really bad NFP print on fri? QE3 or no will they be able to levitate the markets through a negative print?

Tue, 08/30/2011 - 16:23 | 1616428 Cdad
Cdad's picture

I, for one, do not believe so.  Again, the QE3 catalysts needs to occur...selling, risk aversion, fear and loathing, bears all over the BlowHorn [CNBC]....a sub 1100 S&P close.  Today's algo driven, ES floating pop on talk of QE3 was for the suckers.  It was for all the under performing active managers panic buying into the market, sold a bill of goods by the faster HFT boys.

We have had yet another short squeeze over the last five days...nothing much more than this.

Tue, 08/30/2011 - 16:16 | 1616401 SheepDog-One
SheepDog-One's picture

At this rate by Sept 21 the DUH should be comfortably back over its all-time bubble high of 14,200 or whatever....ust in time for emergency trillions needed to 'rescue stocks' again.

HUH??

Tue, 08/30/2011 - 16:30 | 1616447 Cdad
Cdad's picture

Lol.  If the stock market is still up here in late September...there will be no QE3.  In fact, I believe there is a chance that no QE3 will ever occur.

Put me down for a "sell everythiing" market over the next two sessions.

Tue, 08/30/2011 - 16:36 | 1616469 SheepDog-One
SheepDog-One's picture

Ben is LOVING his present 'QE3 carrot and stick' routine, THAT is his only real 'tool' at this point a hint and a wink at something that will never happen. 

Tue, 08/30/2011 - 16:53 | 1616558 Cdad
Cdad's picture

As I have been saying for months...Ben needs the dollar to be a lot stronger against a boat load of currencies [the dixie] before he can even consider pulling that trigger again.  To do it now with stocks high and the dollar weak would create a dollar crisis which would consume ANY and ALL effects of the money printing effort...instantly.  There would be no point in launching the next easing move without that dollar higher.

I know we are all talking about how it was talked about, but all we are seeing is a combination of short covering and the slower lemmings climbing aboard the rally...too late...as was the case when the slow lemmings were selling the market short in the hole two weeks ago.

And in the meantime, the Ron Paul story is picking up steam, as this conversation about the Fed is out there in John Q's public...and the political risk at the Fed is about as high as it has ever been.  No one here seems to consider that.

 

Tue, 08/30/2011 - 16:17 | 1616404 TradingJoe
TradingJoe's picture

One more day of "must close greeeeeennnnnnn" & "must make them bbbooonnnuuuusssseeeessssssss" then it's dumping time! We'll see each other @ S&P 1050 or 950 or 875ish?! :)))

Then, and only then we'll get more of the same...QE something! It is as always political, we can see that each and every day, and now with TPTB fighting for survival, litteraly, they won't waste what mere powder they have left but use it "wisely" (:))) ) aka, markets Must Fall to scare the shit out of EVERYONE, then we get the "green light"! Capisci?!

Tue, 08/30/2011 - 16:45 | 1616436 SheepDog-One
SheepDog-One's picture

Yep exactly. BTW you know what was funny from the last drops a few weeks ago? No one even noticed. One day the DUH was down -400 or so, I went around asking people about it and they werent even aware. The few who did said 'Oh well, it will come back tomorrow'...no one is scared of markets theyve been conditioned to expect a recovery of ANY drop quickly...so if they want to really scare people its going to have to ba an incredible series of drops with the media going crazy about it. Fasten seat belts...maybe even put on G-suits.

Tue, 08/30/2011 - 16:31 | 1616454 caerus
caerus's picture

i, for one, was getting a little bored

Tue, 08/30/2011 - 16:43 | 1616489 --Freedom--
--Freedom--'s picture

Duplicate.

Tue, 08/30/2011 - 16:40 | 1616491 --Freedom--
--Freedom--'s picture

Agreed. There are many 401k folks out there who don't like the idea of money printing, but come around to it when they see a 10-15% drop in the markets and their 401k. For a big, public qe3 to happen, there will need to be enough fear and panic among average folks to provide the political cover needed.

Tue, 08/30/2011 - 19:08 | 1616955 SheepDog-One
SheepDog-One's picture

401K Bathrobe Brigades will be shocked to discover theyre the sheep in line to be sheared big time.

Tue, 08/30/2011 - 16:19 | 1616410 Sequitur
Sequitur's picture

"Hello, Staples? Yeah, it's Ben. I need 500 toner cartridges. Stat!"

Tue, 08/30/2011 - 16:19 | 1616412 a1sinclair@aol.com
a1sinclair@aol.com's picture

QE2 was responsible for much of the current slow down in the global economy.  Go back and take a look at oil and food pricing from the Bernanke anouncement last year and the weaker $ fueled other price increases.  Food and energy are a much larger part of consumption by low income people and/or for many people outside the United States.  This reduces consumer discretionary spending for other goods and was a large factor in slowing global growth.  Bernanke was aimed at the $, long rates and the stock market to rid concern of deflation and to improve consumer attitudes--especially for the high end.  It was all at the expense of the average consumer and it is now evident that consumer confidence has collapsed.   Quantitative Easing was not successful and will not help now.  It is for Bernanke's friends on Wall Street.

Tue, 08/30/2011 - 16:21 | 1616414 Sofa King
Sofa King's picture

!

Tue, 08/30/2011 - 16:22 | 1616421 thetrader
thetrader's picture

....and who is doing god's work?

Tue, 08/30/2011 - 16:31 | 1616449 JJSF
JJSF's picture

wow..check out ES after the close today..

Tue, 08/30/2011 - 16:32 | 1616458 crzyhun
crzyhun's picture

Who knows what lurks in the Bernaks heart...Hey is Timmhy gone already or just in a cave at Camp David. Where is he? Not that we need him or him that appointed him.

TD you are right on the hopium trade.

And Thomas Donlan is probably right @ Barrons. Friday will  be verrrry interesting..... 

Tue, 08/30/2011 - 17:39 | 1616690 JohnG
JohnG's picture

Fed to a grizzly in Jhole?

Tue, 08/30/2011 - 16:32 | 1616459 adr
adr's picture

You spin me right round baby right round like a record baby right round, round, round!!!

 

You know we never did get that dip in gas prices to go with the drop from $90 or so odd dollars to $76. Now that we are back up to $90 I expect the price to go up higher than the price should be at that per barrel cost because they will say oil traded up $15 in two weeks.

I went to Bob Evans this morning and the price of the Farmer's Breakfast went up $1.50 from last week. I saw Florida OJ priced at $5.85 for a half gallon and milk is back up over $3.50 per gallon.

I CAN'T WAIT FOR $10lb HAMBURGER!!!!!!

I don't know why restaurants even put prices on menus anymore. Well they print them in china for a couple cents each, but by the time they get here the prices will already need to be changed.

WEIMAR HERE WE COME BITCHEZ!!!!!

Tue, 08/30/2011 - 16:39 | 1616488 Libertarian777
Libertarian777's picture

you're using the incorrect inflation indicator.

You need to use the Biden-adjustment. Start will all products consumed by households. Then remove any products that have gone up in price. Include any products where the price has gone up but your consumption has gone down, so you spend exactly the same amount of nominal dollars on the item (these are reflected as no-increase in price, since you're spending exactly the same amount, $4 for that 14oz box of cereal, vs $4 for a 16oz box of cereal last year = no price increase).

Ignore fuel and energy costs in your calculation, except when they move down. I.e. when gas went from $2 to $4 a gallon ignore it because its too volatile. But when it drops from $4 to $3.50, then factor in that 12.5% decrease (deflation) in energy costs in your calculation, and you will see we are at significant risk of deflation!

 

Tue, 08/30/2011 - 16:48 | 1616529 TruthInSunshine
TruthInSunshine's picture

 

 

Ben Bernank & The William Dudley Core Inflation Adjuster:

Was measured in:                           Now Measured in:

 

Steak                                             Alpo

Silk                                                Burlap

Gasoline                                         Horse Feed

Heating Oil                                     Horse Dung

Apple Pie                                       Kidney Pie

Gold                                             Chinese Drywall

Tue, 08/30/2011 - 16:44 | 1616508 Id fight Gandhi
Id fight Gandhi's picture

Restaurants even fast food is rather cheap. Just look for deals and coupons. Fuck the tip.

Tue, 08/30/2011 - 21:37 | 1617423 Captain Benny
Captain Benny's picture

Nothing worse than being handed a bernanke buck as change from your waiter when it smells like shit, is worth shit, and probably still has lube all over it.  Please make sure to tip your waiter any change that smells like shit.  It's their fucking tip!

Tue, 08/30/2011 - 16:32 | 1616460 PhattyBuoy
PhattyBuoy's picture

Silver to $80.00 in 12 months ...?

Tue, 08/30/2011 - 16:34 | 1616466 rambler6421
rambler6421's picture

Then JPM gets a bailout or GOES BANKRUPT!

Tue, 08/30/2011 - 22:05 | 1617520 Problem Is
Problem Is's picture

Then Jamie becomes US Treasury Secretary or Jamie is shining shoes...

Gimme a shine, Jamie...

Tue, 08/30/2011 - 16:34 | 1616467 Downtoolong
Downtoolong's picture

the levered beta pursuit, aka "career risk" trade is now back on.

Relatively speaking, when the alternative is no career without it, where's the risk?

Tue, 08/30/2011 - 16:39 | 1616479 Justaman
Justaman's picture

Really sad state of affairs.  Banks forced to buy Ts.  Computers are the only things buying stocks.  It seems the only rational entities in all this are the CBs that are buying PMs.  When have governments gotten anything right?  Maybe we should be worried.

Tue, 08/30/2011 - 16:43 | 1616501 PhattyBuoy
PhattyBuoy's picture

And the billions of little guys planet wide, take it ... you know where.

Tue, 08/30/2011 - 16:39 | 1616482 Sudden Debt
Sudden Debt's picture

Berny won't do a QE3 for the comming weeks. Reason? September is the worst month of the year for the stock market.

Next month will first be the big crash and than they'll start talks.

Obama will be rested out from his vacation, and Europe will also go into the ropes.

Oktober is the month we'll inflate some more!

 

Tue, 08/30/2011 - 16:47 | 1616525 Subprime JD
Subprime JD's picture

How about I levitate this middle finger in Bernanke's fucking face

Tue, 08/30/2011 - 16:53 | 1616552 gatorontheloose
gatorontheloose's picture

did es just dump back to this morning's open  lol  what a waste of electricity

Tue, 08/30/2011 - 16:53 | 1616560 pantheo
pantheo's picture

Pop corn time. Give your patience a training. SSE composite just broke 20 year old support line since 1991. During '08 just touched the line and the s n' peess went down instantly! If it doesn't come up in support in the next few days we are talking about a gigaseismic shake...

Tue, 08/30/2011 - 16:55 | 1616563 Havana White
Havana White's picture

Cdad et al... Why are you specifying the levitation will stop or pause in two days?

Tue, 08/30/2011 - 17:46 | 1616632 chirobliss
chirobliss's picture

This is a classic "end of month" fantasy pump to fill the bonus pools.

Then they'll have to bang it down a few to get the shorts to reload so that the markets can be banged up into the Bernank fairytale, all to set up for a spectacular post-fed, end-of-September-quarter orgasmic moon shot.

Tue, 08/30/2011 - 16:58 | 1616568 topcallingtroll
topcallingtroll's picture

Looks like september came early this year. Now are we going to have a santa rally already?

Tue, 08/30/2011 - 17:19 | 1616646 max2205
max2205's picture

When will don't fight the fed become fight the fed. Down we go

Tue, 08/30/2011 - 17:19 | 1616648 Bastiat
Bastiat's picture

Any comments on the late action in the equities??  Not an equities market guy myself but damn! they came undone hard!

Tue, 08/30/2011 - 17:29 | 1616660 Lady Heather...UNCLE
Lady Heather...UNCLE's picture

It's a mad world  (Tears for Fears)

Tue, 08/30/2011 - 22:02 | 1617508 Problem Is
Problem Is's picture

It's a Mad, Mad, Mad, Mad, (Market) World
(Stanley Kramer)

With a gaggle of idiot comedian politicians, clown PhD economists, kleptocratic thieves and TBTF fraudsters to mention...

Tue, 08/30/2011 - 17:56 | 1616722 BlackholeDivestment
BlackholeDivestment's picture

http://www.youtube.com/watch?v=t7Ig2JJRpdo

...at this point what is there really left to say? We are in the Black Hole ...Bitchez. We have been cheated on by a market whore that has fallen for the beast ...and it's oooover.  http://www.youtube.com/watch?v=73GJqMPp-F0

Tue, 08/30/2011 - 18:36 | 1616839 dcb
dcb's picture

yeah, today was kinda a silly day with what the futures were etc. the US market has become the plunge protection team.

Tue, 08/30/2011 - 20:10 | 1617128 chump666
chump666's picture

and it's starting to top out.  Again, will be watching Asia, on equity weakness.  US indexes have lost the plot, telling will be mid week selling right up to Sept 20 or when ever QE3 is pumped.

Tue, 08/30/2011 - 20:42 | 1617232 hettygreen
hettygreen's picture

Any additional, actual. verifiable, not jaw bonified QE will be the short of the century.

Tue, 08/30/2011 - 21:59 | 1617484 Problem Is
Problem Is's picture

Bernanke Put Ass-Hat Market

HFT, Kleptocrat, political idiot, market manipulation at its finest...

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shacai's picture

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