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Fake Tweets About Syrian President Assad's Death Cause All Too Real Spike In Crude And S&P

Tyler Durden's picture



Moments ago, the apparently fake twitter account of the Russian minister of the interior Vladimir Kolokoltsev (which was created days ago) sent out the three completely unconfirmed and uncorroborated tweets stating that Syria's president Assad "has been killed or injured" which the market, in all its ultra-high speed trading wisdom, took and ran with, not waiting for any actual confirmed news to be released (because obviously Russian official channels have never heard of news wires such as Interfax).

End result: WTI soaring by over $1 to just shy of $92, on what very well may be completely fake news, dragging the entire market higher with it.

And that, in a nutshell, is the "market": fake news about imminent war has become an upside catalyst.


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Mon, 08/06/2012 - 10:50 | 2681632 Rahm
Rahm's picture

Fake Tweet?  Bullish!

Mon, 08/06/2012 - 10:53 | 2681646 SHEEPFUKKER

Russian diplomats tweeting out breaking news? Really? What a strange world it has become. 

Mon, 08/06/2012 - 11:09 | 2681687 malikai
malikai's picture


So let the lulz begin!

I always knew the the headline scanner dumbshits would be a winning slot machine.

I didn't think it would be that easy.


Mon, 08/06/2012 - 11:11 | 2681714 Temporalist
Temporalist's picture

Actual footage of twitter algos in action:

Mon, 08/06/2012 - 11:23 | 2681735 Precious
Precious's picture

Pure PSYOPS to force Assad to expose himself and thereby become primary target for further assassination attempts by bomb.

"BLACK PSYOP.  Covert PSYOP is not a function of the U.S. military but instead is used in special operations due to their political sensitivity and need for higher level compartmentalization. Further, black PSYOP, to be credible, may need to disclose sensitive material, with the damage caused by information disclosure considered to be outweighed by the impact of successful deception. In order to achieve maximum results and to prevent compromise of overt PSYOP, overt and covert operations need to be kept separate. Personnel involved in one must not be engaged in the other. The activity engaged in appears to emanate from a source (government, party, group, organization, person) usually hostile in nature. The interest of the U.S. Government is concealed and the U.S. Government would deny responsibility. It is best used in support of strategic plans. "

Mon, 08/06/2012 - 11:24 | 2681759 magpie
magpie's picture

#Assad President Assad announces financial support for Free American Army.

Mon, 08/06/2012 - 11:32 | 2681785 malikai
malikai's picture

That would be hilarious.

Mon, 08/06/2012 - 11:39 | 2681809 francis_sawyer
francis_sawyer's picture

When Hilsenrath gets ahold of this tactic, the S&P will be at 1500 within a few clicks...

Mon, 08/06/2012 - 12:21 | 2681910 knukles
knukles's picture

@billgross  its me mohamd just Bcuz UR dick is 2x mine is not justfcn for UR 2x money  we need to talk XOXOXO mo

Mon, 08/06/2012 - 12:38 | 2681960 magpie
magpie's picture

#FAA Vogue reporter discloses First Lady's shopping list
#FAA Vice President defects to Mexico

Mon, 08/06/2012 - 11:24 | 2681753 vast-dom
vast-dom's picture

what's the tweet to correct markets back to reality ie SP 600?

Mon, 08/06/2012 - 11:51 | 2681841 malikai
malikai's picture

World Peace.

Mon, 08/06/2012 - 15:54 | 2682613 tricycle
tricycle's picture


Mon, 08/06/2012 - 17:13 | 2682885 _ConanTheLibert...
_ConanTheLibertarian_'s picture


Mon, 08/06/2012 - 11:03 | 2681695 LoneStarHog
LoneStarHog's picture

He rocks in the tree tops all day long
Hoppin' and a-boppin' and a-singing his song
All the little birds on Jaybird Street
Love to hear the robin go tweet tweet tweet

Mon, 08/06/2012 - 11:26 | 2681765 slewie the pi-rat
slewie the pi-rat's picture

tweet:> they took down bobbyDay's version?  The Jackson 5 - Rockin' Robin 1972 RARE - YouTube

this is from The Tripoli Post - Libya News and Business

Assad Forces Control Damascus as Major Aleppo Battle Yet to Start, Reports The Syrian army said it has taken over a neighbourhood of Damascus that was in rebel hands. As such, according to the general in charge of the operations in this area, and if the report is to be believed, the Syrian army now controls all of the capital after taking control Saturday on Tadamoun district.

as is this:>

New Supreme Allied Commander Transformation The North Atlantic Council of NATO has approved the nomination by the President of the French Republic of Air Force General Jean-Paul Paloméros as Supreme Allied Commander Transformation.
Mon, 08/06/2012 - 11:16 | 2681730 Honey Badger
Honey Badger's picture

Trial Balloon

Mon, 08/06/2012 - 11:42 | 2681815 Deo vindice
Deo vindice's picture

You beat me to the comment so I gave you a green arrow.

Mon, 08/06/2012 - 12:15 | 2681895 spastic_colon
spastic_colon's picture test to see if we should go to war

Mon, 08/06/2012 - 13:48 | 2682184 Disenchanted
Disenchanted's picture




I thought Honey Badger didn't give a shit...about anything.

Mon, 08/06/2012 - 11:19 | 2681734 LongSoupLine
LongSoupLine's picture



yeah...wait 'till they track the fake account set up being created from the Goldman crude futures desk.

Mon, 08/06/2012 - 11:25 | 2681760 malikai
malikai's picture

The trail would stop dead cold right there.

Mon, 08/06/2012 - 11:21 | 2681745 indygo55
indygo55's picture

Dang! I'm gonna get me one of those Twitter accounts and start pumping my own positions. If it's that easy,,, just saying.

Mon, 08/06/2012 - 11:27 | 2681633 lizzy36
lizzy36's picture

I think the solution to all the future growth problems is $150 crude. 

$150 WTI = 1750 on S&P and 20k on Dow.

And we all know the DOW is the true measure of the economy.

Mon, 08/06/2012 - 10:49 | 2681634 Neethgie
Neethgie's picture

the market is so broken beyond belief, nothing makes sense in it anymore

Mon, 08/06/2012 - 10:56 | 2681661 HD
HD's picture

Either the market goes parabolic or implodes - but the eye of the storm is almost over...

Mon, 08/06/2012 - 10:50 | 2681638 Ying-Yang
Ying-Yang's picture

We know these are fake because? The CIA just orgasmed!

Mon, 08/06/2012 - 10:52 | 2681643 Rahm
Rahm's picture

Because Assad's wife isn't even in Syria for starters...

Mon, 08/06/2012 - 10:57 | 2681674 HD
HD's picture

If you have not seen this it's a fun few minutes...

Mon, 08/06/2012 - 10:53 | 2681639 Jlmadyson
Jlmadyson's picture

See random twitter accounts can easily game the system too. Too easy for folks not to get a piece of the ponzi pie.

Well that is until it gets smashed into their face.

Mon, 08/06/2012 - 10:51 | 2681640 FubarNation
FubarNation's picture

Unfucking believable.


Tweets moving markets that much is a signal that things are far worse than we can imagine.



Mon, 08/06/2012 - 11:15 | 2681723 A Lunatic
A Lunatic's picture

Only three thousand pages of cyber security legislation can save us now........

Mon, 08/06/2012 - 11:44 | 2681823 XitSam
XitSam's picture

You mean executive order

Mon, 08/06/2012 - 10:52 | 2681641 magpie
magpie's picture

Running short stops before DXY makes a reappearance.

Mon, 08/06/2012 - 10:52 | 2681642 Sudden Debt
Sudden Debt's picture

Here's another Tweet for ya!


Mon, 08/06/2012 - 11:16 | 2681729 cherry picker
cherry picker's picture

You got a smile from me on that one  :)

Mon, 08/06/2012 - 12:47 | 2681986 Haager
Haager's picture

Oh, come on. That lie is so obvious it will be recognized as truth.

Mon, 08/06/2012 - 13:30 | 2682131 lakecity55
lakecity55's picture

In which country?

Mon, 08/06/2012 - 10:54 | 2681650 ReeferMac
ReeferMac's picture

That's awesome!

I'm going to start tweeting my book every day!

(If you can't beat 'em...)

Mon, 08/06/2012 - 10:56 | 2681665 larz
larz's picture

Actually not a bad idea Reefer

Mon, 08/06/2012 - 11:23 | 2681751 ReeferMac
ReeferMac's picture


Had a stop order on a decent-sized position hunted down last week... I'm going to buy a small lot this morning, then place a stop order well below my last price, and wait. When it triggerts, I'll re-establish my original position, at a lower-price point!

Fucking computers.. if you can't beat 'em, use them to your advantage! Front-Run the bots, bitchez!

Mon, 08/06/2012 - 10:55 | 2681651 SheepDog-One
SheepDog-One's picture

So basically 'the spike' was around .60 cents? 'WTI soaring by nearly $1' doesnt seem like much of a big deal. But not surprising that all market activity now consists of baseless rumors and 'Tweets'.

Mon, 08/06/2012 - 11:21 | 2681744 adr
adr's picture

The actual jump was over $1 from the low point this morning. $9.80 to $91.80.


There always seems to be some over bullshit for the crude spikes during the US trading day.

Remember a little over one month ago when oil hit $78.

Doesn't matter Obama is toast with gasoline at $4 right now. When people see gas advertised at $4.49, even if it is premium, consumer confidence will post the biggest collapse in history.

On another note diesel is $3.65 with regular unleaded at $3.90. No price fixing manipulation there.

Mon, 08/06/2012 - 13:23 | 2682107 Rick Masters
Rick Masters's picture

Regular is at 3.619. A week ago is was as 3.48. A month ago: 3.37. It's jumped 25 cents in the last month but I bet you ten gallons that one gallon will cost at most 3.50 by elction day if not less. You must live in LA, guess what, for the rest of us not living the high life if LALA land, gas is about 3.60. That's a lot below your 3.90 price. And I have no idea where you're getting 4.50 from. Though I do agree, 4.50 gas will kill Obama's reeelection bid. But, I don't see it happening. Maybe I'm wrong and if so, please let me know since unlike most people on this board I don;t care so much about politics and social issues, I care about making money. I'm only 30, so my life is just starting.

Mon, 08/06/2012 - 10:54 | 2681653 larz
larz's picture

We are getting our information from the damn internet where any idiot such as my self can yell fire and people are actually reacting!  Garbage index aside we are in much deeper shiite than we think! God help us all!  does anyone do ANY due diligence anymore WTFU people

Mon, 08/06/2012 - 10:56 | 2681667 Jlmadyson
Jlmadyson's picture

Due diligence is not part of the game. Racketeering, falsifying, bloating, and hopeium however are the key rules.

Mon, 08/06/2012 - 10:54 | 2681654 The Axe
The Axe's picture

And this suprising

Mon, 08/06/2012 - 10:55 | 2681656 Cyan Lite
Cyan Lite's picture

Guess we know who was long oil...

Mon, 08/06/2012 - 10:55 | 2681657 pbracken
pbracken's picture

ZH - just dump the conspiratorial twaddle. We'd all be the better for it. 

Mon, 08/06/2012 - 11:11 | 2681701 Dr. Engali
Dr. Engali's picture

The role of resident trolls are already taken by Robo and MDB, who by the way are pretty good trolls. You're probably better off on the yahoo boards.

Mon, 08/06/2012 - 11:52 | 2681849 resurger
resurger's picture


Mon, 08/06/2012 - 11:37 | 2681804 fuu
fuu's picture


Mon, 08/06/2012 - 10:56 | 2681658 101 years and c...
101 years and counting's picture

im going to set up a fake bernanke twitter acct.  and then tweet the following:  "There will NEVER be more QE.  EVER!!!"  SPX will drop 500 points in 5 minutes.



Mon, 08/06/2012 - 11:03 | 2681691 larz
larz's picture

Shhhh now you lost the element of suprise

Mon, 08/06/2012 - 11:12 | 2681716 EvlTheCat
EvlTheCat's picture

They will just make a fake Hilary Clinton account and tweet that World War III started to mitigate your effort.

Mon, 08/06/2012 - 10:55 | 2681659 Shizzmoney
Shizzmoney's picture

Imagine if an anon or some other hacker hacked a Wall St Finanical Journalist's twitter and started tweeting: "Ben Bernanke resigning/dead". 

The markets would move like a therometer ripped out of a packet of ice.

Mon, 08/06/2012 - 10:55 | 2681660 LFMayor
LFMayor's picture

Awesome.  On the farm, when you want to cut a piece of baling wire to length but you don't have a pair of pliers on you, then you have to bend the wire back and forth until it stress breaks.

Could rigged markets be treated the same way? 

Anonymous et al,  please take note and adjust fire accordingly.

Mon, 08/06/2012 - 10:56 | 2681664 VonSalza
VonSalza's picture

Sing along while Trolling News Algo's

Mon, 08/06/2012 - 10:57 | 2681668 Temporalist
Temporalist's picture

"According to unconfirmed reports American President Barack Obama has resigned in disgrace for pretending to give a shit about anyone."

Mon, 08/06/2012 - 11:09 | 2681707 Widowmaker
Widowmaker's picture

"Hope and change and ass-fucking you can believe in!"

Mon, 08/06/2012 - 11:18 | 2681736 A Lunatic
A Lunatic's picture

"A tube of KY in every cupboard."  

Mon, 08/06/2012 - 13:46 | 2682177 Haole
Haole's picture

"You didn't apply that lube.  If you put that lube on, you had help."

Wait a sec...

Mon, 08/06/2012 - 11:20 | 2681740 Shizzmoney
Shizzmoney's picture

You also forgot, "Obama will immediately start his new gig as a JP Morgan CIO on Monday."

Mon, 08/06/2012 - 13:28 | 2682128 lakecity55
lakecity55's picture a JP Morgan Men's Room Attendant on Monday.

I bet he likes the tips...

Mon, 08/06/2012 - 10:56 | 2681669 Hype Alert
Hype Alert's picture

Anything to get us over 1400!!  The suspense is killing me.

Mon, 08/06/2012 - 10:56 | 2681670 resurger
resurger's picture


Mon, 08/06/2012 - 10:57 | 2681671 Widowmaker
Widowmaker's picture

All your fraud are belong to us. 

Jam this fucking mess higher!


Mon, 08/06/2012 - 10:57 | 2681672 toady
toady's picture

HFT manipulation! Sweet! Maybe I need a twitter account after all...

China purchases Greek bonds

Largest oilfield ever discovered in Australia

Ron Paul elected in a landslide of write-in votes

Mon, 08/06/2012 - 11:22 | 2681746 magpie
magpie's picture

Self referential

#algos Hft algos tweet drives algos to S&P 1500

Mon, 08/06/2012 - 10:57 | 2681673 Dr. Engali
Dr. Engali's picture

I've had problems accessing the Hedge for about an hour. Has anybody else experienced those issues?

Mon, 08/06/2012 - 11:03 | 2681692 Nadaclue
Nadaclue's picture

No, been strong all morning

Mon, 08/06/2012 - 11:08 | 2681703 Dr. Engali
Dr. Engali's picture

Thanks. It must be something on my end.

Mon, 08/06/2012 - 11:30 | 2681777 slewie the pi-rat
slewie the pi-rat's picture

little baby black humminbirds?

ok here2

Mon, 08/06/2012 - 11:52 | 2681844 XitSam
XitSam's picture

The keylogger is consuming a lot of bandwith transmitting your anti-regime activites to NSA headquarters. fnord

Mon, 08/06/2012 - 11:11 | 2681710 shovelhead
shovelhead's picture

It's just Homeland Security verifying your IP addy.

Congratulations...You are now a 'person of interest'.

Mon, 08/06/2012 - 11:22 | 2681747 Dr. Engali
Dr. Engali's picture

Visiting sites like the Hedge, Info Wars, SurvivalBlog, FOFOA .... Probably has me identified as a person of interest long ago.

Mon, 08/06/2012 - 11:39 | 2681808 fuu
fuu's picture

Cruise Global Guerrillas once a week too.

Mon, 08/06/2012 - 11:43 | 2681819 francis_sawyer
francis_sawyer's picture

 "Congratulations...You are now a 'person of interest'..."


Best way to become a 'person of interest' to somebody?... MISS A PAYMENT ON SOMETHING...

Mon, 08/06/2012 - 11:11 | 2681711 Hype Alert
Hype Alert's picture

I've had one post not allow me to edit it and later could not get to zerohedge for about 5 minutes.  Other sites were fine, but obviously I can get to it now.

Mon, 08/06/2012 - 10:59 | 2681678 shovelhead
shovelhead's picture

Damn HTF algos can read Twitter?

Mon, 08/06/2012 - 12:42 | 2681976 Haager
Haager's picture

They also react on partner requests.

Mon, 08/06/2012 - 10:59 | 2681679 the 300000000th...
the 300000000th percent's picture

Same ol trick just a new day. One of the Rothchilds did this in the ealy 1800's when Napoleon lost the war but Mr Rothchild had a guy at the scene and had him ride his horse directly to him to tell him before word got out the Napoleon did indeed lose. Well Mr Rothchild floated out rumors that Napoleaon won and the London stock market tanked, well guess who bought up all of that? Yes, Mr Rothchild, and then 20 hours later when the truth came out that Napoleon lost, well then the market soared making Mr Rothchild the name sake it is today

Mon, 08/06/2012 - 10:59 | 2681680 myshadow
myshadow's picture

That's a 'spike'? Then what made the  $4 move on Friday happen? No one said a thing about that.

Mon, 08/06/2012 - 11:03 | 2681693 Jlmadyson
Jlmadyson's picture

Nope nobody said a word. I would check the job numbers discussions a little more.

Mon, 08/06/2012 - 11:06 | 2681697 cossack55
cossack55's picture

Fake rumors of fake rumors.

Mon, 08/06/2012 - 11:00 | 2681682 CrawdadMan
CrawdadMan's picture

Wow. A tweet can make me millions.

Mon, 08/06/2012 - 11:00 | 2681683 Itch
Itch's picture

You have now officially entered the twilight zone.

Mon, 08/06/2012 - 11:01 | 2681686 EvlTheCat
EvlTheCat's picture

War the new/old QE

Mon, 08/06/2012 - 11:02 | 2681688 LoneStarHog
LoneStarHog's picture

(Reuters) - Syrian Prime Minister Riyad Hijab has defected to the opposition seeking to overthrow President Bashar al-Assad, a spokesman for Hijab said on Monday, marking one of the highest profile desertions from the Damascus government.

Mon, 08/06/2012 - 11:09 | 2681708 Ratscam
Ratscam's picture

what a couple of Saudi fiat millions can cause ....

Mon, 08/06/2012 - 11:02 | 2681690 mayhem_korner
mayhem_korner's picture




You might be on the lookout for another one of those $300K bar tabs.  Some pranksters just made a stash...

Mon, 08/06/2012 - 11:04 | 2681694 Lohn Jocke
Lohn Jocke's picture

Kolokoltsev was long crude.

Mon, 08/06/2012 - 11:07 | 2681699 q99x2
q99x2's picture

Top market movers in 2012: lies and rumors.

Mon, 08/06/2012 - 11:11 | 2681713 Jlmadyson
Jlmadyson's picture

Best summation of 2012 I have seen yet.

Mon, 08/06/2012 - 11:07 | 2681700 orangegeek
orangegeek's picture

The end of wave 2 in a bear market of this magnitude is a confirmation that ALL options to push this market higher have been exhausted.


We are down to the short strokes  - the bulls and the exiting traders are tweeting to drive this markets - remember, ALL options.

Mon, 08/06/2012 - 11:08 | 2681704 Kina
Kina's picture

ZH - just dump the conspiratorial twaddle. We'd all be the better for it.


Wow, I think we have blythe posting with us today.


Definately Libor manipulation is just a conspiracy, likewise sotckmarket, silver, gold etc... the markets have been going up because the economy is just so great and nothing to do with money printing..


Maybe it just psyops on duty tonight and not blythe.


But anyway, we always expected you.



Mon, 08/06/2012 - 11:09 | 2681706 lieutenantjohnchard
lieutenantjohnchard's picture

was listening to the who - won't get fooled again - just as tweet was reported. had just closed short oil hedge versus long. sometimes it's better to be lucky than good. nice stipend for the day. will implement greenspan's substitution theory on inflation in reverse today. will upgrade from eating past sell by due date hamburger meat to manager's special ny strip.

Mon, 08/06/2012 - 11:16 | 2681727 shovelhead
shovelhead's picture

Those with Spartan tendencies prefer the term 'aged beef'.

Mon, 08/06/2012 - 11:35 | 2681797 slewie the pi-rat
slewie the pi-rat's picture


"dead meat", BuCherZ!

Mon, 08/06/2012 - 11:13 | 2681719 the not so migh...
the not so mighty maximiza's picture

Fake Tweets??? Wow, somebodies getting deperate.

Mon, 08/06/2012 - 13:26 | 2681947 lakecity55
lakecity55's picture

This Tweet Just IN:

Hillary and Assad are in a running gun battle near Aleppo!


assad shot Bill, the wheelman in the shoulder. Hillary took the wheel. Bill is now firing an AK, but Assad's car is armored. Russians have thrown out tire spikes, but Hillary's vehicle has run-flat tyres. Assdad can only fire backwards with his tactical shotgun......

Mon, 08/06/2012 - 11:13 | 2681721 digalert
digalert's picture

War drum beaters Obama and Billary are desperate to get this war started before the economy collapse or the election. Only one country in world history has ever nuked the innocent citizens of another country...USA.

Mon, 08/06/2012 - 11:29 | 2681773 shovelhead
shovelhead's picture


We prefer to use terms like 'extreme diplomacy'.

It put a punctuation on the thought that Pearl Harbor was a really bad idea.

Mon, 08/06/2012 - 12:29 | 2681939 Revert_Back_to_...
Revert_Back_to_1792_Act's picture

Can I go back to the 80's?  I like cold wars better than hot ones.

Hello Gorby...


Mon, 08/06/2012 - 12:15 | 2681893 lakecity55
lakecity55's picture

No joke.

I imagine those two are trying to figure out which US city to nuke so they can blame Iran and go for it. Probably which ever city Mittens happens to be in at the time. That Magic Negro is a devious little dude.

War, Bitchez. It's what's for lunch.

Mon, 08/06/2012 - 11:14 | 2681722 Nadaclue
Nadaclue's picture



tweet 4 Min ago

Mon, 08/06/2012 - 11:16 | 2681728 jjsilver
jjsilver's picture
Bart Chilton: FT Report That CFTC to Drop Silver Investigation is ‘Inaccurate & Premature’, ‘There Have Been Devious Efforts to Move Price of Silver’

Mon, 08/06/2012 - 11:23 | 2681750 doc_in_the_house
doc_in_the_house's picture


Last Th = cover my shorts for a NICE PROFIT. spx @ 1360 and EUR @ 1.216 FROM spx 1386 and EUR 1.23+ shorts

Last Fri = short spx @ 1392, EUR @ 1.2373

TODAY ADDED spx shorts @ 1398, EUR @ 1.242

that's how you make $$$ stupid daytraders (well to those that are stupid daytraders).


Mon, 08/06/2012 - 11:26 | 2681756 the not so migh...
the not so mighty maximiza's picture

Asaad channels Mark Twain in Tweet 1 min ago

"The reports of my death are greatly exaggerated"

Markets rally 500 points.  HEY....You can't loose

Mon, 08/06/2012 - 11:25 | 2681763 Meesohaawnee
Meesohaawnee's picture

fake tweet in a fake market. shall we expect anything different?

Mon, 08/06/2012 - 11:28 | 2681770 Lost Wages
Lost Wages's picture

Hey guize, I heard #Facebook is only worth $1 a share. Pass it on. $FB

Mon, 08/06/2012 - 11:29 | 2681771 TahoeBilly2012
TahoeBilly2012's picture

Mitt Romney dropped out of race Ron Paul to be nominee, Tweets I am waiting to hear...

Mon, 08/06/2012 - 11:32 | 2681783 SmoothCoolSmoke
SmoothCoolSmoke's picture

Russian mob, they smart.  Load up on weekly ES options, buy fake tweet form govt stooge, sell the calls for what?  +20 - 30%?  Nice.

Mon, 08/06/2012 - 11:32 | 2681790 Meesohaawnee
Meesohaawnee's picture

coc in the house.. oops.. doc..oops fat finger. ..  wait till 1410.. we got some more tweets coming down the pipe and CNBS still has to cover for knight and colect their infomercial fees. just wait.

Mon, 08/06/2012 - 11:35 | 2681795 adr
adr's picture

Everyone should just give up. This is the party before the end. Just go buy a bottle of Champagne or a good cigar. Enjoy your job while it lasts and laugh at the joke the economy has become.

When you lose your job, as lose it you will, crack open the champagne or light the cigar. Then send out massive blast e-mails to every government official saying, thanks for the assrape I actually enjoy it now.

The best you can hope for is to muddle through. The best day will always be the day before from here on out.

Hyperinflation will kick in next year and the party will be over. There won't be enough food available to fulfill the wall street futures contracts, prices will jump too high for people to afford anything in the scramble to buy. Everyone's pets will starve because a 5lb bag of Walmart brand dog food will be $30. The media is saying food will be more expensive by $800 a month starting early next year. All that means is futures traders will price in that amount now leading to even higher prices later.

The inflation in pet supplies is a good indicator of where we will be. Bulk rabbit food went from $.18 a pound in 2008 to $1.39 a pound now. Imagine that insanity at your local grocery store. We've seen doubling and tripling. Wait until a can of tomato soup costs $12.

Mon, 08/06/2012 - 12:42 | 2681973 MeelionDollerBogus
MeelionDollerBogus's picture

As it happens, those of us using gold & silver for money and those of us storing food and water that doesn't even need freezing (though some that will is good until the power is cut off) will not do so badly at all.

I won't care if cans of soup go up 100x in price when I've got a year's supply.

Dogs aren't as hard to feed if you're willing to feed them robbers. :)

Mon, 08/06/2012 - 11:35 | 2681796 dannynewmexico
dannynewmexico's picture

to love money that much that you lie about something like that

Mon, 08/06/2012 - 11:45 | 2681826 giggler123
giggler123's picture

If that's a spike then gold exploded...

Mon, 08/06/2012 - 11:51 | 2681840 Dareconomics
Dareconomics's picture

Algorithms analyze all of the headlines on news sites and then make determinations whether to buy or sell on what they see. When fake news moves the market like this, how long is it before hackers change the headlines of several news outlets simultaneously in order to profit from a rising or declining market?

I think stock prices do not reflect the increased likelihood of electronic mischief.

Mon, 08/06/2012 - 12:07 | 2681881 lakecity55
lakecity55's picture

Gee, so this is why the Kenyan wants to illegally take over the internets.

He just wants to keep us from reading this phony CIA stuff!

With The Kenyan watching over us, why would we ever need another 'president?'

Mon, 08/06/2012 - 12:17 | 2681899 Racer
Racer's picture

And of course all the real money that was gained from a long crude will never be investigated let alone found

Mon, 08/06/2012 - 12:40 | 2681965 mick_richfield
mick_richfield's picture

Here, let me try this.




Mon, 08/06/2012 - 13:23 | 2682109 marcusfenix
marcusfenix's picture









Mon, 08/06/2012 - 13:45 | 2682172 SDS Trader
SDS Trader's picture

Fake tweet?  Who f****n' cares?  Grow up. 

The markets are full of tricks.  Stop blaming JUST the robots.  Tech stocks used to have this happen to them all the time during the Stock Bubble, and there were no robots trading then to speak of.  There were buyout and takeover rumors galore.  "Whisper Numbers" ran rampant before earnings.  The Henry Blodgets of the time moved stocks all over the place and spreads sucked.

I watched a couple of traders make a small mint trading crude this morning on precisely this fake news.  They could not have cared less about robots.  (I don't care for robots spewing out millisecond-class trades either, and it was sure fun to see KCG take it in the cake-hole last week.  Could not have happened to a better group of people).

But honestly, if you want to take the time out to trade, or not to trade, something that is an unconfirmed rumor, then that's on you and if you can't hack it, go buy a 1.5% 10-year and be done with it.

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