So... What About Those Next 20 Days?

Tyler Durden's picture

This is what happens when the market prices in $1+ trillion in loose money from the Chairman, and gets a sharp stick in the eye instead.

The VWAP algo attractor comes through in the clutch:

Curve inversion has begun:

Stocks plunge, commodities collapse, Morgan Stanley refutes facts presented by a fringe blog, gold and precious metals are liquidated as margin calls explode, dollar soars as every bank in Europe scrambles to get its hands on every Benjamin it can get, Treasurys surge to never before seen prices even as CDS of the underlying countries soars, and the DJIA posts the third biggest weekly drop in history (and the week is not even over yet)...

...And beneath it is all is the creeping realization that the Fed's most recent global bailout action with the ECB, the SNB, the BOJ and the BOE does not start for another 20 days, or October 12, 2011. That's right: three weeks in which there is nothing in place to provide the much critical trillions of dollar that every bank in the world so desperately needs. We wish Europe all the best in pretending for 20 days that it can survive on its own, even as Greece is about to become the riotcam's favorite destination once again.

... Oh yes, and Goldman is about to announce it was just stopped out on its 1.55 EURUSD "tactical" trade.

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Ivanovich's picture

Stocks are pushing a rather impressive comeback at the moment!

WonderDawg's picture

PPT late day heroics. I'd call it "transitory".

r101958's picture

These guys are getting to be really predictable.

TruthInSunshine's picture

Susie Orman will be out tonight telling her flock of CNBC-like brain dead sheeple to BTFD:

King_of_simpletons's picture

Yup. That's the sheep alright. Common man of the world.

Fukushima Sam's picture

You are in deep financial waters and the hyperinflation shark made a feint at you and then veered off.  Now it is circling again, and you can see its fin, and you know it is just a matter of time...

mt paul's picture

are you sure it's a shark 

just because you see a fin...


maybe it's  just a tuna with a hard on 

swimming upside down ...

TheMerryPrankster's picture

It's true, Tuna have so much mercury content that they use their peckers as thermometers to measure the air temp. are you happy to see me or is that a themometer in your pocket?

FiscalCrater's picture

You mean "or is that a thermometer in your sandwich?"

eisley79's picture


"Stocks are pushing a rather impressive comeback at the moment!"

-74 comment score is impressive, clawing back to 400 down on the djia is impressive?  i guess in an economy that produces nothing but debt, falling slightly less on the long road to zero is impressive....

JethroBodien's picture

Things are looking up as the market finished at 999 down up from the days low of 1000.




NemesisteM's picture

I learn something new here every day.

Surly Bear's picture

This I know: Not all sharks are fish.

tmosley's picture

Learn something else today too:  the mercury in 99% of deep sea fish is bound up in an insoluble salt with selenium, which makes it totally non-toxic.  This is why, despite very large amounts of mercury in fish, heavy fish eating cultures don't experience symptoms of toxicity.

Rodent Freikorps's picture


 Sometimes that shark he looks right into ya. Right into your eyes. And, you know, the thing about a shark... he's got lifeless eyes. Black eyes. Like a doll's eyes. When he comes at ya, doesn't seem to be living... until he bites ya, and those black eyes roll over white and then... ah then you hear that terrible high-pitched screamin'. The ocean turns red, and despite all the poundin' and the hollerin', they all come in and they... rip you to pieces.

Isotope's picture

Sometimes the Chairman he looks right into ya. Right into your eyes. And, you know, the thing about a academic economist... he's got lifeless eyes. Black eyes. Like a quant's eyes. When he makes a speech, he doesn't seem to make any sense... until he looks at ya, and those black eyes roll over white and then... ah then you hear that terrible high-pitched feedback. The street turns red, and despite all the shortin' and the coverin', they all come in and they... rip your portfolio to pieces.

Pinktip's picture

That was beautiful!...May Quint rest in peace..........

NemesisteM's picture

Take two bows good sir..

DrRaolDuke's picture

Farewell and adieu to you, fair central bankers. Farewell and adieu, you bankers of notes. For we've received orders, for to buy golden bullion. And so nevermore shall we see you again.  

Cliff Claven Cheers's picture

Classic ZH, reminds me of yesteryear.

caerus's picture

well that was excellent

Blank Reg's picture

"Ya know men, nobody ever won a war by dyin for his hedgefund. You win a war by makin that other dumb sonofabitch die for his hedgefund."

Don Birnam's picture

Freikorps -- here's to swimmin' with bow-legged women.

A Nanny Moose's picture

We're gonna need a bigger boat!

Justaman's picture

No boat big enough for the iceberg straight ahead. 

erik's picture

So... about that flag continuation pattern in the S&P.  1102 must hold tomorrow or we are going to see a barrage of selling.  DAX is about 4% off its lows, so a test tomorrow could presage the S&P test.

Black Friday leading to intervention Sunday.  Or is that too easy?

Esso's picture

Those yellow & purple earrings drive me CRAZY, but dammit, I don't have thumbs!

Id fight Gandhi's picture

I remember for years her saying to buy real estate and how that is "good" debt. And how pissing away debt on school loans was a good idea.

You'd think she'd straighten up. It would be more cost effective for her to go straight and take the tax breaks instead of being a butch lesbian.

iNull's picture

Make sure to buy her DVD. Only $49.95. Shovelware education comprising shit you can get entirely for free off the internet.

Larry Dallas's picture

Correlary to that, Dave Ramsey will be telling folks to "walk with Jesus" and buy stocks. Its the American thing to do.

bulldung's picture

Dave's advice is always personal deleveraging and then developing a cash reserve followed by investing in growth mutual funds by dollar cost averaging and then charitable giving.That is great advice for most anyone and would collectively be great for the country.

Michael's picture

Sales not going so good for CNBC stock market Gorilla Trade sales staff lately.

Watching CNBC on mute looks like a Gorilla Trade commercial.

Gubbmint Cheese's picture

Somewhere Ivan Pavlov is looking down and laughing.

Thunder_Downunder's picture

I never get tired of that deer. 

slaughterer's picture

Could somebody photo shop some tire tracks over that deer in the picture?  

Nothing To See Here's picture

I'd rather have a TV set in the background with CNN on.

Id fight Gandhi's picture

Id rather have the cartoon network on.

That's more reliable to trade by.

Thomas's picture

I'd rather cruise Xhamster.

Lux Fiat's picture

Ha!  Reminded me of the following clip from an old Trey Parker film....

Al Huxley's picture

Oh yes, pushed into the grave, but for the moment they've managed to push their head up above the dirt that's being shovelled on top of them - very impressive indeed.

Ruffcut's picture

Yes, impressive comeback. dow only down 410. I'm so impressed I went all in, long. Bought a Mcmansion, at full price and will live the amerkan dream witha full loaded balance on several credit cards.

Now, that's impressive.

Ivanovich's picture

You guys are funny :)  It was down over 500 at one point, and I'm looking at 384 down.  That's quite a move up in such a short time frame.  I agree it's doomed, and my personal belief is we retest the lows of march 09, but any postive comment whatsoever on this side is instantly attacked and junked.