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Stocks Open Down As EURJPY Hits Fresh 11-Year Low
Following EURUSD's modestly weak opening (though managing to hold above Friday's lows and inching higher), EURJPY has pushed to fresh new 11-year lows (and JGB yields at one-year lows). Asian equities are trading notably lower with Japan's Nikkei down 1.6% in early going (coming back a little now) and South Korea's Kospi down 1.1% so far. ES (the e-mini S&P 500 futures contract) opened lower, tried to get back up to Friday's close, failed and is now down around 6pts (at 1285) - still shy of where broad risk assets (CONTEXT) would expect - around 1280 for now - though AUD weakness (housing data bad not totally dire though carry being lifted), JPY strength (government comments on the flatness expected in Japan's recovery and safety flow) and Treasuries not open is undermining support for stock futures so far. The economically-sensitive commodities are leaking lower with Silver having given back its earlier gains and Copper down 0.75%, Oil is holding near $99 and Gold is down a smidge (and more stable than the rest) at -0.23% ($1635).
JPY is outperforming and AUD underperforming as EUR stabilizes modestly. The rotation from JPY to EUR as carry-currency of choice continues we suspect and the macro news is not helping tonight either as safety flows seek JPY/JGBs as opposed to USD/Treasuries (closed).
Credit markets are only open in Asia and JGBs are rallying - back to one-year lows (as corporate credit indices leak wider ITRX AUS +5bps, ITRX Japan +4bps, ITRX Asia +7bps). US equity futures are losing ground from the after-hours ramp on Friday and CONTEXT (our broad risk asset proxy) is pulling lower (though stabilizing) as carry FX is down (though EURJPY vs AUDJPY is more balanced) and commodities are weighing modestly. With Treasuries not open, we will likely see correlation drop a little as the credit stabilizer is not there, though post Europe's close on Friday, ES and CONTEXT have been increasingly correlated.
Charts: Bloomberg and Capital Context
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Don't worry, it's all priced in! Buy while you can! Buy anything and everything! USTs are safe because Europe is imploding (which is priced in) but equity is going to ramp higher because the US is decoupling! Where else would you invest? Not Asia, they suck, not Europe, they suck, so buy US!
Buy US anything! Munis have done great, why not buy some? USTs have dome great, and will continue. After all, what debt would you buy? European?
And gold is in a bubble so don't buy that, it will go down now that people are pouring money into the US. The dollar will stay strong throughout too, because the euro is screwed! It is a full red and blue recovery!
USA! USA!! USA!!!
Burn baby burn!
C'man!!! USA! USA!! USA!!!
Seriously, having a puppet like Japan is such a powerful lever for the London/NY fixers.
One of the things hardly mentioned here anymore is the carry trade. If you look at FX supports and resistance, you can tell that those are the limits above or below massive un-winds happen. Indo/Japanese trade is one such im-balanced monster. And it's tiny compared to Japan's other trading blocks.
Unwinding, like a coil spring snapping. Ouch!
ori
and-it-gets-weirder/
Their puppets are whispering about massive outbreak of leukemia. One of the leaked radioactive elements strontium 91 deposits in bones and teeth and your bone marrow is where you do your heme cycle. So you get leukemia. They will need massive and I mean massive blood donations to stave it off for even a few years. But the dying is starting and will accelerate.
When self-mutilation becomes the lastest fad in a nation, and we know where the Otaku Japanese take their fads, it's a bad sign. WOuldn't you say Heph? A sign of a people in decline.
America's controllers have a lot to answer for.
ori
Does anyone know when Greek debt is going to be discharged and how much?
Yes that's chiron in aries. Self loathing.
I've said it before and I'll say it again. You're body has nothing to do with you and you're life really doesn't mean anything nor tell you anything meaningful about your unconformed self.
I got sidetracked into a youtube video about marriage in the Skyrim game. I like to study gamer population to see what it is that forces are doing with it. Anyway I made a very snide comment about how youtube has made it a pit video like most of the microsoft flight simulator crashes and weirdly connected tag stuff. The guy in the video was talking about his emotional reactions to scripted botted charcters in the game and why or why not he would want to "marry" them. Anyway he was drawing a huge amount criticism (virgo perfecting forces). With people telling him just how wierd and creepy he was making them feel. I suggested that he might be having a psychotic break. My comment got 50 plus thumbs up in a few hours and it is now completely santized the guy has hundreds of videos about the game and he's obviously protected by the studio and google as it's taggings have been completley altered with probably hidden find and replace linkages.
The funny thing is the rule makers can never pass up the eldritch device thing we call the internet. Their greed and belief in easy access to easly manipulated people all over the world makes them build it and rely on it as their main storage device for information every time. It's impermanence and ability to be erased and edited blocked and filtered is very attractive to those who want to manipulate it. But it's those same features that backfire in response to peoples ability to not only remember what they focus on but remember everything that happens even if it's work to dig it out. I find it quite amusing that bill gates has so many original documents and original pictures squirreled away in Iron Mountain Pennsylvannia thinking he's going to be able to own those and then use them for profit through the eldritch device. He simply can not grasp that people who "gave" him the eldritch device through the machinations of the world are not his friends. And the massive hackings should be clue.
Here's hoping that the eldritch device is able to sort and parse everyone into a peaceful co-creation without so much force.
Awk Awk Grep Grep Goooo Berkley. ;)
WUH?
haaaaaaahh! Nice, the kind of writing I can grok easily.
But, it IS the Body Heph. And I can prove that to you beyond the slightest shadow of a doubt.
It is in fact ALL in the body. Everything else is a chimera.
When you have 5 or 50 minutes to spare...
http://www.youtube.com/watch?v=Xs2V5cRS5Bw
The mind is the chimera, but in the 4 Dimensional world we in-habit, the body is absolute.
Planetary bodies, right? ;-)
ori
Logic opposes religion.
Home opposes government.
The only way to create home and have a right logical path is to destroy reliigion and government.
Saturn and Jupiter are the gateway planets to the external. Every planet outside that is "outside" but forced inside.
Cant tell if you are being sarcastic or not
Free Charts!
ES, TF, Gold, Silver, Copper, Euro, Cable, and the Risk On / Risk off currency pair NZD/JPY
Drop a comment, sign up as a follower, haven't had a new follower in a month. Easy and free. And klik adz on free blogs that you like, it help pay some of the bills.
http://oahutrading.blogspot.com/
Market should be limit down based on all the dire news reported here day in day out.
Dow futures down a measly 34 points. Gold only down $5.
Bonds still at record highs as the clamoring for paper continues unabated.
You can take the night off, I got it from here.
John Jimi LOL!
Ask and ye shall receive. Let me borrow your phone, and they'll be limit down in 10 minutes.
Sovereign credit downgrades are the equivalent of Fed rate hikes in yesteryear IMHO. Since the latter are no longer possible, it's a matter or how far the private credit markets are willing to go in suspending reality. The limit of credit creation is being reached whether the central planners like it or not. Greenspan didn't understand the beast he sought to master:
http://thespiritoftruth.blogspot.com/2008/10/greenspan-i-have-found-flaw...
yep.
By the way, the Yen continues to surge with a 260% Debt/GDP.
Bernanke better get going and start printing faster and faster.
Dare you question Bernanke? He is a god among printers!
more money than the War Machine could ever dream of.
So what makes the yen surge and the euro drop? Critical thinking time.
If Japan inc sales are down in euros but flat in yen what does that mean Japan inc buys more or less euros?
Thats just one country with a global resession or slow down everyone will be doing less business with euros. So less demand for them.
Even if all other trades stay the same, witch they arn't.
So this year do you think that Japan will do more or less business in euros then last year?
Nothing to do with Ben or his printing press.
By the way, the Yen continues to surge with a 260% Debt/GDP.
Go look up " trade surplus" and get back to us.
At 260% debt/GDP USD would be worthless.
hmm, last time I checked JP had a trade deficit for 2011... and the whole aging population story isn't great for household savings either
Japan's balance of trade looks positive to me...
Japan's Trade Balance Seeing Red - The Economist
http://www.economist.com/node/21542794
I can't believe how big a fraud and corrupt bunch of shit the furtures markets are!!1 They are down only 43 with all the speculative manipulations all day today!
The downgrades are priced in man!
Nooooooooooooooooooo Man. In normal times of trading yes. But in this era of misinformation, nobody knows shit what they're doing.
i think hes being sarcastic.
Maaan....you're harshing my mellow man.
i thought it was "you're marshing on my hello...there, Marshmellow."
Why isn't the futures market closed for the holiday?
because the holiday is tomorrow and the Futures Market is in the future
Hilarious!
LOL'd so hard... think I PPT'd in my pants
Last weeks Andys T in case you missed it, he must still be on holiday... http://www.scribd.com/AndysTechnicals
Tight. if Asia continues dumping their currencies and the EUR (and buying up USDs) should see EUR sliding into new lows. It will become at some point bid-less. Till the ECB step in
Anyone remember the May 10th Flash crash should recall that the EUR selling ping ponged off equities and this when QE2 was being pumped. We have QE3 in a form of the massive swaps to the ECB and EZ banks via the FED. But, Wall Street should get slammed to sh*t, because the CDS market will react to the down grades. And banks flip on credit spreads moving against them...why? Because those a-holes hedge on the credit/derivative market. Also a volume less market while credit spreads haven't narrowed = liquidation trade. USTs/USD will be bid. VIX warning sign lows etc etc etc
Gap down, should wipe 100 + off dow, 20+ on the S&P.
Hmmm...makes sense.
Must Read:
Greece – Disagreement Everywhere, Rift in the Troika
The three Troika inspectors—Poul Thomsen from the IMF, Mathias Morse from the EU, and Klaus Mazouch from the ECB—are supposed to head to Greece next week to inspect its books; the budget deficit is once again higher than the revised limit that Greece had vowed to abide by. And they’re supposed to negotiate additional “structural reforms.” But there probably won’t be three inspectors, according to senior IMF sources. Missing: Poul Thomsen. The IMF has had enough.
Already, according to more leaks, IMF Managing Director Christine Lagarde had warned German Chancellor Angela Merkel and French President Nicolas Sarkozy that the fiscal and economic situation in Greece had deteriorated. Hence, the “voluntary” haircut on Greek bonds held by private sector investors should be increased to more than 50% to maintain the goal of bringing Greece’s debt load down to 120% of GDP. And the second €130 billion bailout package, agreed upon on October 26, should be enlarged by “tens of billions of euros.”
The German reaction was immediate. “There has to be a line somewhere,” said Michael Fuchs, deputy leader of Merkel’s party, the CDU. “This cannot be a bottomless barrel.” Even if Merkel were amenable to committing more taxpayer money to bail out Greece, she’d face a wall of opposition in her own party. And he wasn’t brimming with optimism: “I don’t think that Greece, in its current condition, can be saved,” he said.
http://www.nakedcapitalism.com/2012/01/wolf-richter-greece-%e2%80%93-dis...
Greece’s Extortion Racket Maxed Out
http://www.testosteronepit.com/home/2012/1/5/greeces-extortion-racket-ma...
"Greece’s Extortion Racket Maxed Out"
Chuckle headline :)
"haircut on Greek bonds held by private sector investors should be increased to more than 50% "
Whew! For a minute I thought there would be something like a default happening.
Connect the dots:
(More than 50% haircut is needed, but they cannot even agree to a 50% haircut)
+
(As per IMF, €130 billion bailout package must be enlarged by “tens of billions of euros”)
+
(Merkel’s party leader, “This cannot be a bottomless barrel” and “I don’t think that Greece, in its current condition, can be saved”)
+
(Even Beatrice Weder di Mauro, member of Germany’s Council of Economic Experts confirmed that a breakup of the euro in 2012 “cannot be excluded")
+
(The IMF has had enough -- without the IMF, two remaining Troika inspectors will not be able to negotiate additional “structural reforms” and Greece will not get any more money)
+
Etc.
=
Imminent Greek default +/- EZ breakup
Also, ECB LTRO liquidity injections, NY Fed leaking QE3 rumors to CNBC Liesman, and EU/US Iran oil embargo delayed by six months, so they do not have to deal with two shocks, Greek default and embargo, at the same time.
The governments are preparing for an imminent Greek default.
100% on the cards.
It makes so much sense and it is the right thing to do..
which is why I have a hard time thinking it will happen.
CNBC (Asia time zone) is just about to tell us Jim Cramers 5 Tips on Making Money
Luckily i've an advance copy, here they are:
1). Pump & Dump: pump a stock to CNBC viewers Jim Cramer is running a loss on and hope viewers buy-in so Jim can unload (dump) his position at a small profit
2). Pump & Short: pump a total dog to CNBC viewers and Jim shorts the fuk out of it
3). Pump & Suck: pump a stock of CNBC 'partners' and large advertisers and collect (suck) inside commission in a brown envelope
4). Do the exact opposite of Jim Cramers advise
5). Never listen to Jim Cramer (he's a twat)
Tyler,
Any word on what Merkel meant with her statement on bonds? Seems to be confusion, perhaps she wasn't quoted correctly?
Give a sweetheart deal to Insurance companies or other large holders. Then have eveyone who isnt a part of the sweetheart deal (hedge funds) get pissy and cry.
causeing the colapese of the deal and the end of another stupid idea.
Or just force everyone to hold for years or sell only to approved agencies who will set fixed prices on those bonds ( like a gold pool).
OR some other stupid idea that will only cause large holders to panic end sell before they get stuck holding the bag.
Governments only tools are force or insentives. Im betting on kick the can so sweetheart deals untill they are proven unworkable like everything else they have tried.
jerome kerviel's 5th anniversary.
I guess we get a brief selloff on Tuesday.
Then after that, the "market leaders" like LULU, TSCO, PNRA, CMG, etc. will surge even higher.
Riverboat Captain William O'Neil is probably getting rich with his IBD funds.
USA! USA!! USA!!!
Robotard, yeah all the 20%+ jobless population is going to run out and buy expensive yoga pants and overpriced dog and cat food. Why don't you load up the rest of your paper boat with 30 year UST's and Muni bonds from Jefferson County, ALand report back here in about 1 year.
Who cares about the 20%? You got a job then you got money to spend! Let's go do some yoga and pick up some chicks! USA! USA!! USA!!!
well there could be a bread crisis in Greece. for 5 bucks US Panerra will throw in the bowl of soup for free!
Futures are taking a hit as well.
Another epic gap down in natural gas
http://quotes.ino.com/chart/history.gif?s=NYMEX_NG.H12.E&t=l&w=15&a=50&v...
And crude oil is falling again.
Free energy for everyone!!
USA! USA!! USA!!!
Shit Robo I don't know how much longer I can keep this up. How do you do it?
Comrades. No serious investor has remained in the market. The usual suckers like pension funds and mass retail crazers have left already. I think the Plunge Protection Team has enough money to push Dow by 600 points max then the suckers are supposed to be sucked in. At this point I think no suckers left, so whenever PPT runs out of money, we'll find out how empty the bottom is.
It's true. The average Joe and Sally are in cash. Retired people are in CDs. When the plug gets pulled on the dollar the PTB get what they have always wanted: a bankrupt America.
It won't happen for a couple months or so though. So in the meantime....
USA! USA!! USA!!!
Well, I'm a canadian citizen of 12 years coming from former communist eastern europe. In the meatime;
USA! USA! USA!
Speaking of natural gas ... I made the idiotic decision of buying into CHK when they reportedly hit a MASSIVE natural gas field in the US back in the September time frame. BIG MISTAKE. Since then, CHK is down something like 25-30%.
CHK is hands down one of the worst energy companies ever.
Poor McClendon keeps buying his own stock on margin and getting cleaned out.
Another "Peak Oil" believer who got blowtorched.
God, the first smart thing you've (ever) said. Something about a broken clock is right twice a day?
5 RobotTrader posts in one day?? What is it, 2010?
Yeah ... should have done my research. The fracking thing doesn't help either.
Bosom and busty...I mean, boom and bust.
Hard to play 'ride the tiger' in a boom-bust cycle while believing your own hype.
RAS came out of hiding today. Shall I hand you a shovel to pick up your mess?
Lemme re-phrase that Stoffen
RobotTrader - Sun, Jan 15, 2012 - 02:37 PM
1) Over the long-term, the number of good jobs in America has been steadily going down.
2) Over the long-term, the number of Americans living in poverty and living on food stamps has been steadily going up.
3) Over the past couple of decades, tens of thousands of businesses, millions of jobs and trillions of dollars of our national wealth have gone out of the country.
4) Our debt is nearly 15 times larger than it was 30 years ago, and U.S. consumer debt has soared by 1700% over the past 40 years.
5) Year after year the rate of inflation goes up faster than our incomes do, and this is absolutely devastating the middle class.
Anyone who believes that we can keep doing the same things that we have been doing and yet America will still have a bright economic future is delusional.
Until the long-term trends which are taking the U.S. economy straight into the toilet are reversed, any talk of a bright economic future is absolute nonsense."
Meanwhile, the markets are pricing in a "Consumer Spending Boom of Epic Proportions"
And "Free Money for Uncle Sam As Far As the Eye Can See"
With Specialty Retailers having the biggest runs ever seen in NYSE history.
http://www.wallstreetbear.com/board/view.php?topic=93175&post=337735
Q: How is TIF doing? Why the high end retail loss?
NG will have its day.. in a little while.
In the mean time..
http://www.youtube.com/watch?v=kshMJt3Uo3k&feature=related
No, it won't. NG can't be transported for sale in far off economies like oil can. This means that it is captive production.
Good for NG consumers, terrible for investors.
actually i've been kinda sleepy lately. apparently it's passed me by...as with everything else i might add
Checked your carbon monoxide monitors lately? That'll make you sleepy too. Gotta take care of our own here at ZH.
Closed my futures account last week and bought some land and some more PHYSICAL GOLD. Kiss my ass Jamie Di Bag!!
Where the fuck did you store it? Undergroud like my grandfather 40 years ago?
Not in a bank like the dumb ass Sheeple of this country or the MF Global customers. Local private storage...do your research on how!
Hell yes! Winning!
This does not feel very good... none of this. It feels like wars coming up. And thats sad.
:(
Man, how would you keep employed all those people working to produce military products?
Crude reality, isn't it?
Eh... why do they have to be employed? You mean Oil Reality?
That's correct. To create demand for militray products, war from time to time is required. Every US pres except for Carter, has waged war. Secure oil, increase employment via military spending. Forget about the cuts. Military cuts will never happen, never did, never will.
Carter had a larger military budget than Nixon.
google Peacekeeper and Poseidon (and the subs that carry'em!)
The EU feels like falling over the cliff any moment now... And the US with 47 million people on foodstamps is nog doing very good as well... Lots of unrest everywhere on this globe, growing day by day. Nature crushed more and more, wars for resources and power... While we dance to the dollar. This is not Neandethalers using sticks anymore... I'm pretty scared by now, so please lighten me up! Before I goto sleep.
If the ball gets passed to you....don't drop it.
Pleasant dreams!
Good Night everybody and thanx for the Great Humor I always enjoy reading here! Thanx Jim, I just read this : http://www.wikihow.com/Stop-Having-Nightmares - hope it helps! Praying didnt.
Maybe heavy drinking will help?
the u.s./israeli military drill was postponed...i took that as a modestly good sign.
...here you go Dredge, this should do the trick. http://www.youtube.com/watch?v=cSlr6Ft-Rv0
That Packers Fan comment was " Classic" ! Anyone want to catch this "FaLLing Knife"?
Best comment I heard about the game tonight:
Does the Discount Doublecheck Policy cover choking?
I read the article. All I have to say is, USA! USA!! USA!!!
Go Pack Go!
(...that is to next season)
Speaking of moving, the three latest polls in the actual South Carolina newspaper have Ron Paul tied or passing Santorum, and one from Friday has Paul hitting 20%.
Naturally there is no mention of Paul in the Washington Post, Politico or anywhere on TV right now but plenty of Gingrich and Santorum coverage.
I bet Paul comes in a strong second. Time for the others to quit and let Romney and Paul go one-on-one.
Hi Jim, long time no see
off topic for sure, but care to post your current take on Fukishima?
the melted cores going to hold in the basement?
I don't see that anything has changed. Just playing the odds as they will be for decades. Personally I think the chances of it 'all going right' from here are slim, but there's also no reason to pick any particular failure mode for any particular time. Perhaps if they ever get any actual look at the goddamn fuel piles, we'll have more to go on. But that took years even at Three MIle Island.
And of course no one likes suspended pools of water full of fuel rods several stories up. Entropy is a bitch, and concrete and rebar rot given all the sea air, water, exposure to elements etc.
Watch for TEPCO to alternate between a financial black hole and attempts to cut costs by screwing things up worse. Now imagine that for the next fifty years.
On a related note, did you see the news on PG&E diverting hundreds of millions away from natural gas distribution safety into 'general corporate uses' i.e. bonuses and the like, leading up to the San Bruno neighborhood incineration incident? Ugly. Too bad for them that a well-loved CPUC analyst was among the dead.
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/01/12/MNPA1MONMU.DTL PG&E broke laws before San Bruno, state finds
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/01/13/MNUS1MOSUC.DTL PG&E diverted safety money for profit, bonusesPerhaps someone should tell this guy that there's Energon in Fukushima...
Newt and possibly Perry will keep going till August, at this point they are too delusional to quit.
Hmm, where dem Huntsman voters gonna go?
Nice to hear he's still alive. Now we know what the press never wanted us to know. Sickening that a 1st world country is being informed by people in a talking box
Giants fans are Keynesians. Just sayin.
Football or Baseball ones?
Current context is football, but in all likelihood it's both. lol!
Gartman says hi to youse guys:
He (Gartman) also told the Executives’ Club audience that he has no love for “gold bugs,” saying that they remind him of Ted Kaczynski, a reclusive survivalist who was known as the “Unabomber” for his letter bombing campaign that spanned 20 years. Gold bugs, he said, have their gold holdings, “dried food, water and live up in caves.”
http://www.kitco.com/reports/KitcoNews20120113DeC_interview.html
Gartman has his holdings: stocks, his house in the Hamptons, yay, and hookers. True American right there.
As Gartman famosly said on CNBC his favourite holding period of anything is few hours. And they allow him to be on the money losing CNBC in order to mislead suckers.
Dennis Gartman is the " Fruit Fly" , of the Trading world!
Quite the "chick magnet!"
Guess he needs to get out a little more...remember this?
"So all those hillsmen in Idaho, with their Colt 45s and boxes of krugerrands, who sent furious emails to the Telegraph accusing me of defending a hyperinflating establishment cabal were right all along. The Fed is indeed out of control.
The sophisticates at banking conferences in London, Frankfurt, and New York who aplogized for this primitive monetary creationsim – as I did – are the ones who lost the plot.
My apologies. Mercy, for I have sinned against sound money, and therefore against sound politics."
Shut Down the Fed (Part II)
By Ambrose Evans-Pritchard September 27th, 2010 Daily Telegraph
look down below!
German Bunds, bitchez!
This is agreat simple understanding of Japans Consumption tax, and what Noda is proposing. http://www.iadvisory.gov.sg/upload/JapaneseConsumptionTax.pdf
AMERICA! FUCK YEAH!!!
Seriously, what the fuck? Japan about to pass 300% debt to GDP, USA borrowing 40% of it's annual federal govt spending, Euro zone disintegrating.....me thinks that something BIG and extraneous this way comes.....maybe bigger war(s), black swans, some shit....no way the status quo maintains.
Ladies
Just broke to me:
Based on what I've read, Bloomberg, Reuters and CNBC are losing money. I don't know about Financial Times, though.
How is it that the money losing financial media is the one that is not reporting on what's going on with MF Global as well as pushing for a "no loss solution" in Europe, or things are getting better in USA? Though even ZH hasn't touched much upon MF Global recently.
Anybody has any fantasies about this?
In my movie, the Truth finally reveals itself...
Just keep in mind the actual headlines early last week were "The EU doesn't matter, just buy US stocks."
Unless it gets really juicey let's see...........EU goes to hell today, US markets are closed tommorow I think? That's plenty of time for futures manipulation.
I have my own master chart that shows an 80%+ chance of SP 450 within 2-3 years and the Fed's are doing there damndest to negate it. I don't think it's possible but with technology and the advent of digital zero's we could be in thermonuclear war with 4.7% unemployment and DOW 50k.
That's a lot of dead Americans
You are freaking hilarious! Thx for the laugh. The real unemployment is 16% and they say it's 8.5%.
Hmm, gravedigging may be hard work, but it's a livin' :>D
Accounting wise they can manage that with computers, but when it comes down to the chicken and bread price, maaaaaaaaaaaaaaaaan, I don't know. The only western country in the world where 70% of population has fire arms is USA. Here in Canada or back home in Europe, only few people have weapons, hence it's easy to to surpress people. But in USA, could you imagine police driving into a town where everybody has shotguns in order to surpress a protect about food prices?
Oooooooooooooooooooooh Goooooooooooooood!
Correction:
"surpress a PROTEST about food prices"
It's got to get bad enough for QE3, right? And that happens just in time for Obummer's reelection. So how about the Ides of March???
That's what I'm thinking:
March - Either Greek Default (low probability) or few european bank collapses (high probability, think Unicredit)
March - Attack on Iran in order to counter-news the european bank collapse.
March - Obama floods the market with crude oil from SPR to prevent the oil price ballooning.
March - CFTC forbids margin on crude oil and other commodities. Crude oil hits $30-40
March - Election Day: Crude oil stays at $40-50.
After Election day: Margin derivatives are permitted again.
Bingo.
Oh, I forgot. Obama wins in order to continue the project of American Cubanization.
Huntsman dropped out. Golf clap.
+ 1
Thx for the news. Did he endorse Ron Paul? Huntsman was the closest I could see to RP during the debates.
Romnoid. I think they're like third cousins or something. Or at least financial brethren. Er, spiritual, that's it...spiritual brethren.
....and endorse Romney. So many republicans ready to become Mormons.
no wonder, the factories are in china and Malaysia.
http://expose2.wordpress.com
the trading of next 100 years has been priced in.
Look, this guys are so smart that they predicted what would happen after the reaction of the reaction of reaction of reaction of .... of the downgrade. They priced in what would have happened in 100 years. Here you go.
'nuf said.
Wow. I used the word "ladies" few times on ZH today and now I get women underwear adds from Google.
Lucky me.
That's NOT how it works! Been cruising at Victoria's Secret™?
We are entering the perilous denial phase. No...It simply can't be that everything is crumbling in front of our eyes. It must be the prelude to the next great shopping season. Things only go in one direction, up, right? C'mon...let's shop Greekies! Hey...why aren't you shopping like you're supposed to? ...you don't really mean you're broke...not as in starving broke.....
And why is it perilous?
Cause as the volcano gets ready to errupt the oblivious natives have a social
LOL. Gotcha.
Glad I'm NOT a virgin... :>D
my new woodstove works great after my son and i cooked eggs bacon and a pot of coffee we shot skeet in the first snow. all the while i was thinking i got about 2 weeks time to oull the trigger on my last 2 birds pru and ups
Are you going to teach your son to trigger?
Mr. Lennon Hendrix and stock pros,
I am long the dollar via UUP. That's about all for the next month??? maybe long, ay?
Sir, in the age of nanospeed computers, stock pro's are out of business.
Steveo been kicking some serious chart ass this weekend.
consider kliks all around.
This IS the world Famous Hawaii trading FEAR FACTOR. Downward indicates MORE FEAR. You can see this parabolic rise in NON-FEAR.
Now we all know how parabolic rises end, don't we?
This market is likely to tank like a son a gun, and I got the concealed carry permit.
http://oahutrading.blogspot.com/2012/01/fear-factor-kicking-some- serious-ass.html
It's one thing to pimp your shitty blog on this site. It's quite another to do so using an ID that desecrates the greatest entertainer of our generation: http://www.steveo.com/
Speaking of bad blogs, is anybody here still reading Mish? https://plus.google.com/104670320007060795416/posts
If you are, ask yourself one question: is that a picture of a man?
LOL. Rupaul's 6th grade photo exuded more masculinity.
You are hilarious!
It is all priced in, move along...
Gold is starting to move higher in Asia...this will be a big week up. Dumb your etf's and buy physical and tell Jamie Di Bag to kiss your ass. Phyzz will win in the end!!
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Ooo, a spambot on ZeroHedge, how original!
OT
Jim Rickards: says war to happen with Iran, despite delay, barring something miraculous on part of Iran. Expects $200 bbl oil and $2000 gold. Cyberwarefare, financial warefare, special ops ongoing.
Delay is for US just to get details in place. Many US troops already in Israel. Chair of Joint Chiefs also in Israel to tell them not jump the gun, US to take lead, not Israel. Geithner in China to tell them not to worry, their oil will flow. Russia will gladly stand down, biggest winner from higher oil prices. Saudi's to pump more oil to make up for Iranian shortfall. "Best case" for US expectations is for renewed uprisings and regime change.
.... Still sounds last minute brick-a-brack to me. Everyone knew for years this was coming, so all the prior appeasement and cutting off of US domestic oil production now looks really, really stupid. Obama must be conflicted, going to church with a prayer rug doesn't help.
I think they're working on getting a war going here shortly....lotta travelin and talkin goin on
1.
The killing in Tehran came a day after Israeli military chief Lt. Gen.
Benny Gantz was quoted as telling a parliamentary panel that 2012 would
be a "critical year" for Iran — in part because of "things that happen
to it unnaturally."
Gantz is also headed this week to Brussels for talks with NATO officials that are expected to focus on Iran.
__________________________________________________________________________________________-
2.
The top U.S. military commander is scheduled for talks in Israel this
week, Israel said Sunday,
at a time when the U.S. is concerned that
Israel might be preparing to attack Iran over its nuclear program.
The Israeli Defense Ministry confirmed the planned visit Thursday by
Army Gen. Martin Dempsey, the chairman of the U.S. Joint Chiefs of
Staff. It did not give his agenda for talks with Israelis — but Iran is
expected to be at the top.
_________________________________________________________________________________________
3. On Thursday President Barack Obama and Israeli Prime Minister Benjamin
Netanyahu discussed the Iran situation in a telephone conversation.