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S&P Channel In Danger Of Downward Breach (Update - Breached)
UPDATE: Channel Breached on heavy volume
Having lost its post-Spanish-bailout open high and Pre-Greek-Election closing high, S&P 500 e-mini futures look set to lose the QE-Hope-driven upward-sloping channel...
and as a reminder, Gold (and Oil) and Treasuries have all lost the QE Hope already...
Charts: Bloomberg and @eminiwatch
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Die Mother Fucker Die
http://youtu.be/Xw-m4jEY-Ns
yee ha
Oh, the channel is about to be breached. I thought the fucking problem was that the world is imploding, but this is totally worse.
Please someone call Maxine Waters, she'll investigate what's happening and make a thorough report.
What words could accurately describe the disgusting scum of the earth that is Maxine Waters?
At least the tone and subtlety of her voice is very pleasing and soothing...
(sarc off)
http://en.wikipedia.org/wiki/Hagfish
For goldman to make that call about the S&P tells me that they know something is coming and it's bad.
So does this mean the the Squid is NOT trading against its muppets / customers today and not using its propaganda arm / institutional research to set up the game?
Incredible!
Does LLoyd know about this? Did he sign off on that?
Like Jamie said, gamblers are losers. Lloyd is an investor. Not in factories, roads, machinery etc. He is an investor in the ranged moverment of an electronic representation of a basket of listed ownership in a limited pool of companies whose individual prices vary on each program trade that settles at the end of each day. That explains why the real economy should be ignored. It has no relationship to investment.
Framing the stock market in the manner in which you did would sure get more boomers to reconsider their "investments" in 401(k) and Mutual Funds. It's pretty fucking crazy that mark to myth...I mean model, Repo 105, rehypothication of assets, over leveraging, bailouts, and a multitude of other instances where the dealer has shown their hand has no face cards was still not enough to get EVERY boomer to reconsider preparing for their future in these supposed markets.
You put it so elequently that I have a tear in my eye and I am giving you a golf clap. Bitchez.
The long run will sort out who is investors and who are gamblers. As it always does! This absurd liquidity driven insolvence fest will get its wits knocked out too, sooner or later. I don't need it to be today. It is bound to happen. This credit mess leads to all kinds of issues and even countries like Brazil that we cheer and applaud today will get their heated property bubble down the road. A buying opportunity worth waiting for. When it crashes it is time to go to work. In the mean time folks: Focus on creating value and enjoy. Let the greek-letter guys with no idea about the real world do their thing. Ignorance as always is bound to fail!
Also; the handsome timing of the Spanish stress tests made sure Lloyd and his gang of financial hobbits didn't have to lie through their teeth today.
Now: 1-1 in Portugal - Czech Republic please :) Thats my investment for today!
Beware the pre-July 4th low-vol melt-up. Robotrader will be all over that.
PPT in T minus 13:00:51
It's about time for one of those rumors to hit the market.
No rumors today Dr. E. This shit is getting real.
Remember, they can't QE with equities so high. They have to let them come down. Rules don't apply, they could come out and have an 'emergency' meeting and decide to QE anytime they want, once equities are squashed enough. Once we get an 'emergency meeting' announcement, or Aug creeps up, that's when it's time to cut your shorts and go long.
I think they may be more interested in a gold smash and grab, which may mean a quick crack down to mid 1000 SPX in order to get that 1550ish gold support zone to snap.
Indeed.
The banks and Wall Street Pond Scum now entirely dependant upon the teat of deficit originated electronic fiat transfers (as The Bernank admitted yesterday, it's ALL about the spread at this point) from the New York Branch of the Non-Federal Reserve-less Bank need another 'tanks in the street & martial law' Hank Paulson moment, if they hope to overcome resistance to the insanity of piling yet more debt on what is now a mountain of already unpayable existing debt in the form of blank checks given out to Timmy Jeetner & a green light to PrintMaster Bernank.
And President Obama now 'regrets' his 2006 senate speech wherein he vehemently objected to - and voted against - raising the debt ceiling. LMAO.
Obama's Aides: He Regrets His 2006 Vote Against Boosting DebtSenator Barack Obama (D-Ill)
Senate Floor Speech on Public Debt
March 16, 2006
Turns out that government cheese goes over better than Eat Your Peas?
pods
Hopium.
Its whats for dinner.
If only technicals mattered...
<sigh>
If only funnymentals mattered
Only" muppetmentals" matter now.
Just like Goldman promised LOL.
Blankfein (indignantly) - "I don't know what you're talking about."
http://en.wikipedia.org/wiki/Lloyd_Blankfein
But now Goldman tries with negative Psychology.
"Goldman Sachs recommends shorting U.S. stocks"So take Goldman's recomendation until 1300, then load the boat with as much real assets/risky assets one can afford with leverage
Oh and don't forget to inform the brokrage that you have rated yourself as AAA+++ and if they won't increase your leverage, call the ECB.
You have learned well young Jedi...
My favorite mangy cat is back. :>)
I remember about a year ago everyone and his brother here were screaming to buy silver. Where have all those flowers gone?
BUY SILVER NOW! ITS ON SALE!!
Just wait til it hits 20
Yopu forgot at least one nought maybe two!
You're right. As the global recession gets priced in more fully, copper could fall below 2.0 and silver below 20.
I think there's a good chance silver sees 20. Later, of course, when the printing presses kick in, silver will rocket back up....well above 50.
So it's best to prepare---mentally and financially---for the possibility that silver dips in the short term.
Good luck finding any physical metal at that price. Paper will be all that is available and that can go to ZERO!
After silver fell from the high 40's last year, and started crashing, I planned on buying again in the 20's.
Insightful folks, kinda like you, said something like "Good luck finding any physical metal at that price. Paper will be all that is available"
But after buyers like me had NO PROBLEM loading up on physical at 26.x in September and December 2011, you geniuses suddenly forgot what you said.
Remember me. When/if silver touches 20, I promise I will have no trouble buying physical---especially from weak longs who will be freaking out and looking to unload. If I buy online, I promise to tell you exactly where I bought it and at what price.
Good luck! Try never! Physical Silver at $50/£36 was hard enough to find (1oz) but by all means bring it!
You're supporting my argument.
When silver goes parabolic (when it neared $50), then OF COURSE it's hard to BUY physical.
But when/if it craters (a little more than now), it will be hard to SELL it!
Your own experience backs me up.........
FYI: I purchased 40 A.S.E.'s 5/31/12, $34.00 apiece. Spot was, I believe, $27.71. I promise to notify you after my investment has doubled. ETA: June 2013.
Good luck with delivery on physical silver if it dips to or below 20...
Here in EU I was happy to see today that the company I'm ordering from have received reinforcements and ordered some at EUR25/oz. They usually run out of stock after 1-2 days. My recommendation is to load the boat and thank the paper pushers for the price manipulation.
OMG look at those mother f*cking thumb-downs, and one would claim ZH readers are not themselves herdish / sheeplish?
Silver, Silver, Silver. Now sneeze!
BTFD bitchez!
So Goldman will be right? What is this world coming to?
VIX is making a move. I smell trouble for equities.
This scare tactics is always required first. BTFD. QE to infinity!
OMFG:
VXX up 4%
TVIX up 2.7%
Class action lawsuit, anyone?
Where's the freaking PPT when ya need em? What? Engineering the stock market plunge to usher in QE 3.X?
Scotty, I need more power. Warp 10 Scotty. Get us the hell out of here before the sun goes supernova.
Good day CD...
The Fed/Bankster Supernova Asset Purchase Plan (SAPP) that will transfer all known wealth to the TPTB will come soon enough.
~$100 trillion should buy all the global resources and technolgies worth owning dontcha think?
Thank Yahweh the Warrior God for all those "Free trade agreements" ;)
Love the SAPP. :)
SAPP, it trickles, now with more molecules.
shift change
Eurobond rumors imminent.
"Germany will back Greek and Spanish bailouts" rumor imminent.
lol someone caught long ?
When you get a free moment go back and check my post history. Then go and read what you typed in response to my post and see if you think it sounds intelligent at that point.
Paper gold being played again. ho hum.
But in the end the real gold will beat holding Euro, then USD
"... according to a source, who wishes to remain anonymous."
Thought the same thing about paper silver - "Looks like someone's trying to hurt my feelings this afternoon." Oddly enough, Ebay prices have been relatively stable over the last two months (good job Fed!)...someone should tell the physical buyers the price has dropped!...I keep getting outbid on Morgan's. :)
Stupid physical silver buyers don't know to give me the stuff on the cheap! /sarc
Save us Obi-Ben Bernanke. You're our only hope.... Boy, is that getting old.
returning to the natural value, coming time to buy.
http://covert.ias3.com/expose/
rah roh raggie re got a rhost to ratch!
Spain to save the day- Says banks do not need capital
Auditors disagree. Says expect a loan request soon.
http://www.marketwatch.com/story/span-2012-06-21?siteid=bnbh
Primary wave three down - which was called back in February.
http://bullandbearmash.com/chart/sp500-daily-february-10-2012/
A-oooogah... DIVE! DIVE! DIVE!
Interesting this was posted at 11:44 - 1144 is police code for 'Coroner Required' - i.e. dead body(s) at scene.
The E-mini futues (/ES )actually line up better on that channel...
Neg 1.5% is the max they allow the S&P to go down lately, expect some bullishit rumor soon.
We're in "reality on" because general stocks are falling...
We're in "reality off" because gold miners are falling - even faster...
We're in "reality off" because paper - bonds and the dollar - are rallying as "safe havens"...
We're in "outer space" because gold - falling - is being seen as a "risk asset"...
Where ARE we? EVERYTHING is correlated. EVERYTHING is manipulated.
And they call THIS "capitalism".
Breached on "heavy volume".
Oooops...
Punishing Ben for not announcing QE3.
They are going to push this down until Ben cries "uncle!" and gives them their cotton candy.
The disintegration will continue and there is no power great enough to stop it.
Bearish!
Good thing Ben studied the Great Depression where they propped up a few select banks and threw everyone else under the bus. Wouldn't want that to happen again.
Ill be the first to admit that I'm scared SHITLESS by Goldman's call. But we should retrace to the low 1,300s just off NO QE - that's what drove the entire rally. And then, unless we get something out of the Grand Meeting next week, we should retrace to 1,250 - which is where we were before everyone convinced themselves Greece and Spain were fixed.
QE is now off the table. If Ben wasn't going to QE yesterday - he's not going to do it EVEN CLOSER TO THE ELECTIONS! PArticullarly with Twist going through the end of the year. He's not going to run Twist and QE3 at the same time! Not unless Europe blows up MASSIVELY and we are facing SPX falling to 1,000.
Even if you do think QE is still on the table, the next meeting is AUGUST. Do you know what kinda shitshow you need for action BETWEEN meetings?
And the economic indicators are getting worse and worse. -16.6 on Philly IN JUNE!! Last time we were this low was August 2011. Anyone that knows anything about how the seasonals have played out the last 3 years knows that things will keep getting worse through the summer.
So I think we are set up for another -20% summer. High was 1,400-1,420 - SO I'LL SEE YOU AT 1,100-1,150 BITCHEZ!
Interesting - and certainly plausible. However, engineering a situation in October whereby BO can fly in and save the day seems just as plausible.
VERY risky, he could just as well fly in and flop sealing his doom. They don't seem very adept at political maneuvering, or gun smuggling, or capital investment...
No disagreement, but it seems like Team BO needs to do something at this point.
NO PROBLEMA
29-Year 8-Month TIPS (February 2042)
Interest Rate: 0-3/4%
High Yield: 0.520%
Price: $108.226791
Allotted at High: 64.01%
Accrued Interest*: $2.83180
Total Tendered: $18,509,972,000
Total Accepted: $7,000,024,900
This downward move will give good cfd trading opportunities.
I hope the S&P ends up today down 4-5%...or more...
It has to happen for "investors" to get religion. That's the litmus test for gold stocks: if they don't diverge from the general junk stocks before then I give up.
Facebook is in the green. Gold is down. The lunatics are in control of the asylum...what more need we say?
I saw a breached whale once.
These are some seriously shitty technicals... Or my password isn't danceswithmuppets...