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As S&P Goes Red For The Year, It's About That Time...
As of a minute ago, the S&P has just gone negative for the year. It still needs to drop another 20% to retrace the QE2 rally, at which point Bernanke will launch QE3. He may well launch it before if Friday's NFP is well in negative territory. Incidentally, today we just had another 8 day closing streak, the longest since 2008.
The intraday chart is ridiculous. ES 1250 was just taken out. Next support is in the mid 1100's.
And the ugliest chart of all: when indexed for the loss in dollar purchasing power, the S&P is now down 5% for the year, and back to October level. Perhaps this it the chart that Bernanke will trot out to justify more LSAP?
Today's typical "investor" using Other People's Money:
Summarizing it all:
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Yeah, and my bony old ass is tired. Let's get this thing crashed already. Sheesh.
A cock that big could kill a women...
I don't know hulk, that could be some good eatin' if you know what I'm saying. Bring friends.
Is this a pot luck or Menage a trois???
Yes!
i feel that way everyday. it's days like this when you feel like you buried it in a super-model. hahahahahaahahahahahahahahahaahahahahahah
South Park?
It's days like this i feel like i have a 10" cock.
Yes......but can she feel it.
Or he for that matter......because whatever floats your boat. :)
NOT THAT THERE'S ANYTHING WRONG WITH THAT!!!
I SWEAR TO GDO I"M NOT GAY! FOR THE LAST TIME!!
South Park?
I love the deer in headlight photo...
This is what comes next:
http://www.youtube.com/watch?v=_79yik1ftBU
are the HF laughing or crying? That is the question. Looks like Soros of Sorrows inc got out at the right moment. He shorted the Dow!
Bambi: It's what's for dinner.
MadMarv @ 16:50,
Cops bust and fine(dig that FINE), indigents for trapping ducks, and squirrels in city park................
How the HELL they gonna pay a fine, when they cannot even buy food!!.
Sometimes, I just don't get it, meanwhile??????........(the Wall St crew, and Banksters get millions!! more!!!).
But FINE those homeless folks...............yeah, that will stop a starving man/woman any day.
Welcome to the Recovery now synonomous with Mission Accomplished.
Wait..I thought we were all supposed to stay long because of the Bernanke Put?
What happens when that myth is dispelled forever? Bernaninomics...many books will be written on the greatest failure in history and not the ones he was hoping for.
must....stock.....up....on....more.....beef.....jerky.........
You justt wetted my WHISTLE... I hate you/ in a good way.
my personal favorite is buffalo jerky. turkey jerky is pretty tasty as well. keeps for a long time.
Meadow farms
SMOKED MEATS.com Keep up the good posts!!! YEN
true, drought in texas and other places has ranchers slaughtering the herds. (not enough hay in the pastures to feed them) beef is 20% cheaper than it should be. major fast food chains and groceries are running specials. (cost money to freeze that stuff)
next year beef will be up 50% due to reduced supply +50% due to QE3+4
the IT clowns are trolling for a perfect fit that can being the rain with him.
They are not hiring anything past the avg H1b visa scammer ,etc.
Those stories you read are jokes plants fake b.s.
Stay out of those porn mags if you hope to survive.
Yep the North Koreans are full [ BLOG SPOT}...
Schadenfreude anyone? Don't expect another eight down days in a row. Today looked like short term capitulation by the bulls.
Shit, is gold going to 1700 tonight? Every time i look it's up another frn.
"Compression Trade" here:
http://www.wallstreetbear.com/board/view.php?topic=84529&post=301508
Or is it no longer valid now that we are in a "hyperinflationary depression" mode?
Where is your apology to general jim, Momo? What happened to the 'formula'? What about the untold wealth in LULU and AMZN. LOL. You must be puking up blood. You fold like a cheap suit.
as you know he's not gracious enough, nor man enough, to apologize for his insults to gentleman jim sinclair, even as he was proven decisively wrong. at every turn in the road, and every small pullback he's taken every opportunity to insult gentleman jim, who has done nothing more than offer thoughts for free his years of wisdom and experience to help other folks understand the end game.
looks like you're mocked as much at wall street bear as you are here.
why are you asking for advice? you've made it perfectly clear you know more than all the market players combined, at least in your own mind, even as you resort to begging the market to bail you out. besides, this is all a manufactured crisis, using you words. so why the hysteria. lol!
It's ok if you cry Robo. We won't think any less of you.
Correction: we CAN'T think any less of you.
Post removed by the author
I'm having a helluva time getting a large image of the bear cavalry. Server is overloaded. Thanks, ZH!
Awww/play nice... It's free and Eloquent!
Fed in a no-win spot: damned if QE, damned if no QE.
But that's if they actually cared about the US economy, middle class and small biz.
That's not what they were chartered to do. Only in so far as scum can trickle down.
They will keep the international (not just US) banking cartel alive and in Guccis. They must
Simultaneous financial calamities here and in Europe and China will veer things out of control. Not even the best super computer in the world would be able to game this. QE3 will be butterfly farting backwards in a hurricane.
Let's see here: The Major Banking Houses, aka the Private Dealers. got what they wanted by razing the debt, the power hungry got what they wanted by a "Super Congress", and now Bernanke and his Fed cartel have the room to furnish QE 4ever. So they shorted the back end of the move from Dow 12,800 to Dow 12k. The Major prop desks run 7/10ths of the market by algo machines, Bernaker and Geithner run the President's Working Group on FInancial Markets (which should be the most liquid market maker there is), and so this is support and we move higher.
Japan is going to shred a few more trillion Yen, China will have a little more time to buy gold, and Russia gets to look all tough and run their yaps when they partake in the very same practices that the US does. Carry on.
It's so refreshing to see one of the older regulars posting a concise summary of what's goin' down. You'd think after all that's transpired over the years that some would have a clue. But no, there are endless posts, some of which actually alluded to fundamentals (of all things!), incorrectly attempting to explain today's action. Christ, remedial students, each and every one of them.
At a certain level, today's vote was somewhat of relief. Now that the mask has finally been torn off, we can start to deal not with shadows, but an in-your-face-what-are-you-going-to-do-about it challenge. What are we going to do about it, you ask? Go long, brother, go long in all asset classes.
As long as we militarily control the ME, we can print to infinity. What are prices when we can force acceptance of little green pieces of paper? Next comes prices controls and other more overt mechanisms in which to manage & pacify the herd. Freedom? Self governing constitutional republic? LOL. At what point did even the good Germans shrug their shoulders and report to work at the concentration camps? I mean, what else can you do?
Nice to see you post.
Well, I know exactly where the asshole governor of my backwater little state will be tomorrow: my workplace. I'm sure you can imagine what I'm tempted to do...
Stay home. It's not worth it.
Shoot back.
Long Live Putin: jailer/slayer of Zionist oligarchs. Eventually, we will do the same.
Ok Herman Munster... We got it!
It's impossible to quit this site. Just look at the genius/beauty of what went down here:
Is my presence here trolling? I don't think so but appreciate those that think so.
http://www.youtube.com/watch?v=MTJkE8Ki3Gg&ob=av3e
Just gave you a greenie, Yen!
like Mafiadom ??
You're on point, Mr. Hendrix. Has it occurred to anyone yet that the "Super Congress" is merely an attempt at an end run around the Tea Party? They should be very pissed at the mere mention of this "Super Congress". The group will put together a package that will be a shoo-in. On the other hand, perhaps the Tea Party is just all show and no go? Now that the reins have been jerked from the hands of the TP legislators they can give a sigh of relief since they no longer have to perform for the crowds. It's going to be interesting to see not only how the TP inspired legislators handle this "Super Congress", but how the public members react to the inevitable "revenue enhancers" that get put in the package(s). If we think we've seen fireworks so far, I'll say that the best is yet to come.
am i the only one who's long whiskey here...anyone...anyone?
Yes. But only a good one, none of your Diageo crap.
i sir..drink only the finest whisk-ees...full disclosure...i am long DEO
I really don't have any alcohol contingency. Stick to hard alcohol for "das hoard?"
It probably helps that I am more of a beer and wine guy.
front row set to the end of the world...cheers!
Single Malt?
of course...there are so many single malt scotches though...im a big balvenie fan at the moment...and then of course there is macallan...
Cohibas help the medicine go down... Wink Wink.
you sir, are a connoisseur...cheers!
Glenmorangie is enjoyable.
While I admire your taste, I've stocked up on the favorites of the local rednecks with guns ----Jack Black, Wild Turkey, Jim Beam and for the discerning crimson nape, Makers Mark.
Ooops.
Damn I'm good. I should do this professionally. Or more likely it's just ZH. You guys fixed that donate thing yet? Yup, cool. I still want a t-shirt though.
Hey, it's all bullish.
please send all your money to caerus@money_sucker_trust_me.com...ill call you in twenty years...
SYNAPTICS Hi/Jackers...
That picture of the deer always makes me laugh -
You really only needed to post the title of the article, the graph of the days action in the S&P and this photo to get the point across....
Fucking priceless....and it made for an actual laugh-out-loud moment here.
Getting S&P down is just Wall street's way of showing the government what to do with the brand new debt ceiling. They just want to make sure the government does not do anything stupid with it other than injecting more drug into the economy and will do whatever it takes to twist their arm.
both Gerald Celente + Marc Faber warn of imminent Greatest Depression and Bear Market have finally arrived.
Gerald Celente on RT 08/02/11
http://www.youtube.com/watch?v=478JH3lkwJ4
Marc Faber on CNBC 08/02/11
http://www.fundmymutualfund.com/2011/08/video-marc-faber-bear-market-is.html
Ah fuck. Anyone got some good coke or speed? I am never gonna be able to sleep tonite watching markets, commods, etc. What a day! Am exhilirated....and a little scared. When do ya think the sheeples will get rabid? Really didn't need to read Ger or Marc right now, excuse me while I take a drink and doobie break. : )
might i suggest a more sedate drug for the impending bear market? coke? that's so 1980s...
just want to stay awake, not lookin for a buzz, already have that! Was up late last night watchin, worked all day, now I will have to stay up all night tonight too. I suppose crack or meth (two horrible drugs) are the drugs of choice for you younguns nowadays. That stuff is pure poison. I'll take the old school more natural stuff thank you veddy much.
Ice tea keeps my [ MIDNIGHT] Spasms at bay...
drink it by the gallon, grow a lot of my own teas too. : ) Seriously folks, herbal and natural medicines are an absolute necessity. When you need "medicine" and the drug stores don't have it, or if they do, you won't be able to afford it. Invest in a small still and extraction set up too. I sure love my gardens. Biggest challenge is to grow the stuff I need a greenhouse for, some of the more valuable and effective stuff needs a tropical climate, hard to get usable quantities in sustainable method.
Only if you're unemployed. Or stupid. Or desperate. With no education.
The bright ones are all up to the max on armodafinil & other designer smart drugs.
Homo Sapiens Sapiens 2.0.
http://www.nuvigil.com/
Stupid, I could make that stuff if I wanted to. You don't get it. It's not good for you. Idiot. I luv some things but the physical toll it takes on your body is insane for the high. Might as well be a huffer.
You are excused. You deserve the break
Nothing like a good bender.
Lets NOT! forget Max!!
http://www.youtube.com/watch?v=poHeeM5-sZI&feature=relmfu
Oh, great JW, now I gotta go take another break. : ) Ya know, it is really trippy, after all these years of being called a nut job, to see all the shit really hit the fan. Sure took its damn time.
CNBC says buy the dip. Shocking. I say double down on gold and silver.
reality is only shocking to the ignorant and/or lazy
and/or the under medicated and/or the sober...
It makes me sad I sold mah gold on Friday. Hopefully I'll have a chance to get in before this Friday's NFP.
Afterhours, the Dow and SPX continue to fall. Skynet is a tad grumpy.
europe we hardly knew ye..italy is calling all is well send FRN's- Spain imploding..now here the debt is mulitplying like rabbits in heat..stimulus is now forefront for USA..there is no joy in mudville ah wall street tonight the mighty FRN struck out.
but wait is that Ben walking up to the plate??
Ben is in the dugout waiting for oil to come down A LOT more. If it happens he'll start to warm-up. Until then we have a delay in the game.
For few minutes this morning, loading zh would time out. I immediately thought there must have been a clause in the new debt deal that mandates the closure of zh. Thank God that was not the case.
" I immediately thought there must have been a clause in the new debt deal that mandates the closure of zh. Thank God that was not the case."
And the only way you knew that was....Because they passed it!
(re Nancy Pelosi "you have to pass the bill to know what's in it".)
Awwwww, man! This could jeapordize the recovery!!!
Wake me when it hits 500.
tomorrow? j/k, maybe.
Here's how this will be cast: It's all the fault of the Tea Party terrorists who don't understand that everything will be OK if the Federal Government spends enough. See what happens if they even promise to make minimal cuts sometime in the future!! Creating money is creating wealth. What's hard to understand about that? Break me off a piece, Uncle!
Narratives for all parties are being broadcast now.
JAPANATION....... as per plan move on and the FED.
look at the Charts....(Deer in the Headlights is Berbamie) lol.
but but but but, Im from Princeton and I wrote the book. lol
More QE will work, just like the surge in Iraq! PLease believe us - Your friends at the Federal Reseve Bank For A Bubblicious Tomorrow
Looks like the Italian SE will breach 17,000 support in the morning.
You could teach_ BLYTH_ a thing or two... A person of reason. I'm growing fond of you.... >1
http://www.youtube.com/watch?v=xS-Dyc4tDD4&feature=player_embedded#at=40
We are cycles investors and are currently investing in the silver and gold cycle. By our measurements today precious money metals, silver and gold are heavily undervalued versus other asset classes like real estate, bonds, stocks, etc. We also believe we are headed towards a currency crisis with the dollar and an eventual monetary system change. In the meantime we will continue to educate the public and invest alongside our customers.
where are those Animal Spirits damn it gettem up- CNBC will pump it up but no one watches anymore-fail
folks might have just woke up that the USA economy is a dead beat bum the EU is his slut broke sister and Ben and Obuma are really really crazy mofo's with wall st blow across their and congress 's nose.
but markets never crash in August, do they, do they?
As you can see, the CHF had a pretty good run today... Hence, I was looking for shopping in a big way. First, I wanted to buy some German products on Ebay I'm following for some time - a pity all offers gone!? Remembering a website for selling cheap laptops - all brand PCs like Sony or Lenova, offers gone... Boys, it looks like nobody want to sell any prime products for these EUR rates anymore!!!
Burn baby burn.
At least IM on { RBA.s} Light side...
putin must be feeling good. His remarks have upset WS.
I may be missing something, but on that of the ES above, does it not show a big accumulation form 12:00pm thru the close?
Same as it ever was .That reminds me of a talking heads tune.
Maybe "Burning down the house" ?
http://www.youtube.com/watch?v=OVHNwBbkSj4 Jam
Sorry wrong post link that is life in wartime (still applies )
Burning down the house here;
http://www.youtube.com/watch?v=xNnAvTTaJjM
Thanks. You sure get the feeling the house is burning down. To BTFD or not BTFD? I was going to go long spy options today, but I'm damn glad I did'nt. What happed to the godzilla bull from hell when I was short 6mo. ago? Damn the stock market.
My positions are still ..long shit paper,long shit protective safety gear,Gold,Silver,Lead,beans,butter,bikini`s and a good dog.
Its all good here.
Cult @ 18:12,
WATCH yer dog, someone may trap it, and eat it.
Hearing you ! As him being a Yorkie I even have to watch his back around here because of large birds of prey....Truth
gap up in the ESI
Politicians don't want their stocks in the red.
shit..beware the snapback...
need to bust out the polar bear with the chainsaw too
Al Gore told all the school children they all drowned .
I'm saving the deer in the headlights photo in my files. I've got a feeling that one will come in handy again. Is that you Timmah?
BTW, Cramer was telling everyone to buy stocks this morning. When are they going to do the right thing and move his show to the Comedy Channel?
Things are falling apart, and people in govt. knows it.
Powering through the 200dma on surging volume...uh oh....
Bread and butter is great..but it makes you fat...this shit has been going on for several years.. at some point bills are due.. as a father I am going long, food & water/supplies, cash currency(king), gold bullion, taking safety measures and working on escape routes.. as a long time active trader I am finding that were are very close to the so wise call "Zero Hedge"..
JPM "Oh dear"
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