Today's Irrelevant Economic Data: Case Shiller And Conference, POMO, And Two Fed Speeches

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Tue, 09/27/2011 - 08:14 | 1714326 Edward Fiatski
Edward Fiatski's picture

Markets are desperate for QE, any QE from any pimp out there: rumours of EFSF expansion is worth 4% on the DAX.

EDIT: I don't think they will give that juicy cock to the markets so easily, if at all; TARP had higher per-requisites.

Tue, 09/27/2011 - 14:12 | 1715601 covert
covert's picture

nerviousness in the market today means blood in the streets tomorrow, keep your eyes and ears open.


Tue, 09/27/2011 - 08:15 | 1714333 Fips_OnTheSpot
Fips_OnTheSpot's picture

Facts? Yawn! ;-)

Tue, 09/27/2011 - 08:15 | 1714334 NervousRex
NervousRex's picture

More yummy fodder for the stochastic news chompers.

Don't look now but I think the machine powns us all. We must feed Val.


Tue, 09/27/2011 - 08:17 | 1714341 LongSoupLine
LongSoupLine's picture

fade this dead cat rumor bounce.  This is clearly a big-boy driven sucker pump for the mass, and final, exit to the "only the chosen lifeboats"

Tue, 09/27/2011 - 08:35 | 1714402 LikeClockwork
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But could indices even attempt to rally for a couple weeks, while the euros haggle? Bizarro economics rein.

Tue, 09/27/2011 - 08:20 | 1714354 Jim in MN
Jim in MN's picture

OK, how about some real headlines:

Bloomberg: Fukushima fallout worst since Nagasaki

NHK News: Fukushima City to Decontaminate All Homes in City

This is the big one IMHO as Japan Inc. has been desperately averting its eyes from the state of radiation in the quarter-million person Fukushima City.  Now the city government, having found contamination high enough to warrant evacuation (six months later), is trying to avoid it by...washing over 100,000 houses.

This is reality, people.

Tue, 09/27/2011 - 08:36 | 1714406 Quadlet
Quadlet's picture

Silver up 16%...

No article to quote...

Tue, 09/27/2011 - 08:20 | 1714357 buzzsaw99
buzzsaw99's picture

Dick Fisher, what an appropriate name, as in he fishes Lord Blankcheck's dick out of his golden slacks every morning before lunch.

Tue, 09/27/2011 - 08:25 | 1714369 KennyG09
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I logged in just to give you a greeny. Needed a good laugh.

Tue, 09/27/2011 - 08:26 | 1714361 PY-129-20
PY-129-20's picture

Okay, I know I am totally off topic here and I must excuse for this. But keep in mind how much trouble the last volcano on Iceland caused.

El Hierro, a volcano on the Spanish Canary Islands, is very active recently and seems to get closer and closer to an eruption. "Situation worsens at El Hierro. 3,5 event widely felt, 5 events over 2,5 in the last 2 hours." In my humble opinion, and I've discussed this with many over at Jons Blog, an eruption will happen this year. It's very close now. The only thing missing is a bigger earthquake (doesn't need to be a huge earthquake - an earthquake of the magnitude 3-4 could trigger the eruption easily.)

Another thing was also confirmed yesterday by Icelandic Officials. Katla had a minor eruption this year in July. There is still a lot of pressure and activity in Katla.

More important for Icelanders are the recent developments from Hengill, which is part of a very dangerous deep drilling project - you can read more about this here:

Tue, 09/27/2011 - 08:30 | 1714388 Jim in MN
Jim in MN's picture

For those who like to watch earthquakes...


Tue, 09/27/2011 - 08:23 | 1714363 Dan Watie
Dan Watie's picture

Truth? Light? Welcome to their world, HELL.

Tue, 09/27/2011 - 08:26 | 1714375 RobotTrader
RobotTrader's picture

Lots of bears trapped at the lows who shorted the breakdown in the NY Composite, EEM, etc.

Tue, 09/27/2011 - 08:27 | 1714381 kurzdump
kurzdump's picture

Bear trap or dead cat bounce. Lets wait a few days to find out if youre right.

Tue, 09/27/2011 - 08:45 | 1714439 somethingisrotten
somethingisrotten's picture

I hate to be the bearer of bad news, MomoTrader, but any bear worth his honey is playing with your money at this point.  Good luck getting it back.

Tue, 09/27/2011 - 08:27 | 1714380 Id fight Gandhi
Id fight Gandhi's picture

Everything has gone full retard. Europe soaring USA to soar again today, fuck it.

Tue, 09/27/2011 - 14:17 | 1715625 TBT or not TBT
TBT or not TBT's picture

If the EFSF expansion-by-leveraging and shoring up of private banks plan is scuppered by German politics this week, then dead cat bounce, else bear trap, with me in the bear trap.

Tue, 09/27/2011 - 08:28 | 1714383 jjsilver
jjsilver's picture

ALERT ALERT fed induced metals smash down taking place at 8:24 am est


Tue, 09/27/2011 - 08:34 | 1714399 LawsofPhysics
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Any information on where the POMO and the 400 billion will be directed.  Is this all going to Europe?

Tue, 09/27/2011 - 08:42 | 1714423 Kina
Kina's picture

DAX 4% bahahaha

Why don't they just push it up 20% each day, we could all be super wealthy then, problem solved.


Imminent economic armageddon apparently quite bullish for stocks. But apparently not so much for the only 'real' money since the begining of time.


Corruption of markets much?

Tue, 09/27/2011 - 08:54 | 1714469 mainuh1
mainuh1's picture

Gambling in Vegas is more honest than the Stock Market, Fed and government.

Tue, 09/27/2011 - 09:06 | 1714506 Freewheelin Franklin
Freewheelin Franklin's picture

I don't care about POMO. I only care about ROMO.


ROMO is GOD, bitchez!



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