The Volume Speaks Volumes... Again

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Tue, 08/09/2011 - 11:02 | 1542518 PicassoInActions
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BDM won't let us down, He is the Ruller of the HP

Tue, 08/09/2011 - 11:03 | 1542523 Hedgetard55
Hedgetard55's picture

It's all on the Chairsatan this afternoon. The wrong statement and it's DOW 10k here we come. There may be a sell the news event anyway at 2:15. I'm sure the boyz have already been tipped off as to what is coming.

Tue, 08/09/2011 - 11:05 | 1542526 hedgeless_horseman
hedgeless_horseman's picture

I'm sure the boyz have already been tipped off as to what is coming.

Giant Squid flat while other "banks" up big.  Hmmmmm.

Tue, 08/09/2011 - 11:12 | 1542565 fuu
fuu's picture

Zombie cats bouncin'.

BAC +7.0%

C +10.25%

WFC + 4.5%

Tue, 08/09/2011 - 11:57 | 1542775 Smiddywesson
Smiddywesson's picture

I wonder what GS did to anger the Fed?  Everybody is posting perfect trading quarters, then boom, GS has a nasty Q2 trading quarter.  Now, with lots of funny money coming in to hold up the markets, and especially the Financials, GS doesn't get any sugar.

Either they played to fast and loose with futures, thereby creating too much inflation and endangering the can kicking.  Or, more likely, they bought way more than their allotted amount of gold and pushed up the price on everyone else.  Since gold just ramped strongly, my guess would be the later.

Tue, 08/09/2011 - 12:27 | 1542871 Confused
Confused's picture

Its all theatre meant to divert attention/anger.

Tue, 08/09/2011 - 11:06 | 1542536 john39
john39's picture

which raises an interesting question.  what exactly does the chairsatan and his overlords seek to accomplish?  recovery, or destruction?  if the goal is for the banker cabal to acquire assets on the cheap, no real mystery what type of announcement we will get this afternoon.

Tue, 08/09/2011 - 11:09 | 1542545 Long-John-Silver
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A resumption of money printing which will be QE3 but they will have created another name for it.

Tue, 08/09/2011 - 11:26 | 1542591 hedgeless_horseman
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what exactly does the chairsatan and his overlords seek to accomplish?

Keep sovereign debt and associated interest payments flowing and growing; aka privatize gains and socialize losses; aka debt slavery for the proles; aka situation normal. 

Who is going to stop their EHM and their invincible goliath The Federal Reserve? 

No man can, so we wait on Mother Nature and live off of a few scraps.

Tue, 08/09/2011 - 11:33 | 1542673 john39
john39's picture

probably right, but, at some point they will close the noose.   and at that point, a market crash allows them to buy or acquire on the cheap.  are we there yet?

Tue, 08/09/2011 - 11:20 | 1542608 NotApplicable
NotApplicable's picture

Controlled/Selective destruction in areas where the overlords can scoop up the scraps. Kinda like making lemonade out of other people's lemons.

Tue, 08/09/2011 - 11:11 | 1542557 SMG
SMG's picture

Why have we given so much power to so few?

Tue, 08/09/2011 - 11:16 | 1542582 Oligarchs Gone Wild
Oligarchs Gone Wild's picture

submission is always easier than resistance.

Tue, 08/09/2011 - 11:56 | 1542767 Hugh_Jorgan
Hugh_Jorgan's picture

Because in 1913 evil men began to work in secret to change the way the world trades and how money and credit moves. Then they stirred the pot with two world wars and then began to feed the educated western world a slow, measured anesthesia of false wealth. They turned us away from everything good, and helped us to focus on materialism as our god. They created a false, Ponzi "heaven on earth" called "the American Dream". Then they usurped the US Constitution and wrote countless crooked regulations, and stuck countless corrupt deals to enrich themselves. We failed to protest some things because they were hidden, and we failed to protest the visible things because we didn't want to endanger the small measure of "prosperity" we were allowed to have.

And thus, a few gained too much power. Thus, we are completely jacked.

Tue, 08/09/2011 - 13:12 | 1542963 MichaelG
MichaelG's picture

I don't recall being given the option. (In the US you can vote for your preference of elephant-with-buck-teeth-&-donkey-ears or donkey-with-tusks-anna-trunk; here in the UK we get to pick our favourite colour of Thatcherite: red, blue or yellow.)

Actually that's probably a little unfair.

It's really more of a yellowey-orange.

Tue, 08/09/2011 - 11:13 | 1542573 SheepDog-One
SheepDog-One's picture

Bernanke would have to deliver spectacular news that blows the pants off everyone watching and leaves them floored by the stupendous grandeur of Bens announcement....and the way these things have been going lately up to Obama total faceplant yesterday, Im not holding my breath for the star studded gala event of Bens little talk this afternoon.

Probably be a bunch of Glodilocks bullcrap.

Tue, 08/09/2011 - 11:05 | 1542529 Cleanclog
Cleanclog's picture

Think the Bernank might intone that there will be no "saving" of TBTF shareholders and bondholders this time.  Deposits safe, banking services and real estate to be moved to other names, but will not "save" the owners.  That would inspire confidence in me!

Tue, 08/09/2011 - 11:06 | 1542534 Long-John-Silver
Long-John-Silver's picture

QE3 is on like Donkey Kong.

Tue, 08/09/2011 - 11:16 | 1542585 dark pools of soros
dark pools of soros's picture

yup close your shorts and go long..  same old same old churn

Tue, 08/09/2011 - 11:07 | 1542538 Ben Bermonkey
Ben Bermonkey's picture

hehe, do not make fun of my fellow gospel singers !!!

Tue, 08/09/2011 - 11:07 | 1542540 Arch Duke Ferdinand
Arch Duke Ferdinand's picture

*****Six Volcanic Plumes in California and Nevada

All have been previously dormant...First the Western Pacific Plates,
now logically the North America's West Coast.....

*****OT: Film Festival Short

The Creek...There is more than what you think you see...

Tue, 08/09/2011 - 11:25 | 1542635 NotApplicable
NotApplicable's picture

I think he is seeing plumes from wildfires.

Tue, 08/09/2011 - 11:39 | 1542698 Arch Duke Ferdinand
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*****Nope, The Pacific Northwest is currently experiencing increased Earthquake activity

Global Earthquake and Volcano update / POST GLACIAL REBOUND EFFECT...

Tue, 08/09/2011 - 11:09 | 1542546 TradingJoe
TradingJoe's picture

Really dont see how QE3 or somethign similar can happen today! Really! :)))

Tue, 08/09/2011 - 11:15 | 1542579 SheepDog-One
SheepDog-One's picture

It wont. Get out the DOW 8K hats, we're nowhere near any fear and panic time. All this bulltard talk about how we lost 1,000 DOW points so here comes the free money train again is pure BS.

Tue, 08/09/2011 - 11:18 | 1542597 dark pools of soros
dark pools of soros's picture

nah - they want to keep propping it up to show how central planning 'works' (at least for them) so this will be a quick panic and back to petting the sheep


when it really falls there won't be this much theater...  


Tue, 08/09/2011 - 11:49 | 1542746 SheepDog-One
SheepDog-One's picture

But everyone knows it does not work, QE deemed 'failures' by everyone...who exactly are they fooling? This is called 'denial' plain and simple.

Tue, 08/09/2011 - 11:25 | 1542633 dbach
dbach's picture

I'm with you SheepDog, maybe this will a be carbon copy of the (at first) failed TARP bailout bill. Everyone just sitting around, mouth agape. Awesome!

Tue, 08/09/2011 - 12:10 | 1542819 tmosley
tmosley's picture

Maybe it will, maybe it won't.  There is no way to accurately predict the future actions of a small number of irrational people.

Tue, 08/09/2011 - 11:09 | 1542549 Greater Fool
Greater Fool's picture

Zero chance that the Fed takes this opportunity to remind everyone that they will let the devil take the hindmost. Expecting lukewarm language today, nothing like what the market hopes for, and a selloff similar to the one after the Intoner-in-Chief's remarks yesterday. But of course anything can happen at this point.

Tue, 08/09/2011 - 11:09 | 1542550 Silverstar
Silverstar's picture

What if Satan does not say a word of... QE3 ??


Will we all die ??

Tue, 08/09/2011 - 11:17 | 1542590 KowPie
KowPie's picture

I'm rootin' for another Odumbo off the cuff prezz confrence preaching more unicorns, skittles and rainbows. Just the kind of reassurance the mentally challenged tardpublic needs.

Tue, 08/09/2011 - 12:29 | 1542874 pods
pods's picture

Patent reform, bitchez!


Tue, 08/09/2011 - 11:27 | 1542645 NotApplicable
NotApplicable's picture

Well, he certainly will choose a different name, but I'm sure he will try to provide reassurance with certain loaded phrases. *know what I mean, wink wink, nudge, nudge*

Tue, 08/09/2011 - 11:11 | 1542552 slaughterer
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There will be perhaps one phrase in the FOMC announcement today that will suggest that QE3 will possibly be implemented if some economic condition is satisfied.    Then Wall Street will push the markets to satisfy that condition.  Until then, bear market.  

Tue, 08/09/2011 - 11:11 | 1542554 max2205
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Decent odds SPX tests the overnight lows of 1,077......

Tue, 08/09/2011 - 12:13 | 1542829 hettygreen
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Yes, I cannot remember seeing real lasting bottoms ever form in the over night session. My guess is a day or two maybe before it slams down on (or through) your number. Any meaningful turn should involve a complete reversal in the same day (say 500 down, 1000 up) for rally to last more than a few weeks. jmho.

Tue, 08/09/2011 - 11:11 | 1542560 machineh
machineh's picture

DING-DING-DING: gold reached parity with platinum earlier today.

Dunno what it means. But 'overbought' is one theory that comes to mind. 

Tue, 08/09/2011 - 11:16 | 1542589 SheepDog-One
SheepDog-One's picture

But it wont look overbought at all when gold is $2,500 in a couple months.

Ive been hearing 'Uh oh, looks like gold is extremely overbought' since $500.

Tue, 08/09/2011 - 11:18 | 1542595 Greater Fool
Greater Fool's picture

From the standpoint of intrinsic value, gold has never made much sense to me. But as a hedge against long-term equity losses, it performs par excellence and I will not be reducing my position at this point, that's for sure.

Tue, 08/09/2011 - 11:57 | 1542773 Hugh_Jorgan
Hugh_Jorgan's picture

It seems to me that you have no understanding of "why" gold is where it is...

Tue, 08/09/2011 - 11:11 | 1542561 shushup
shushup's picture

What are you talking about? NYSE total volume is a high as it was yesterday at this time.

Tue, 08/09/2011 - 11:13 | 1542571 machineh
machineh's picture

DUH -- the chart is for the ES futures, not the NYSE.

Tue, 08/09/2011 - 11:20 | 1542606 d00daa
d00daa's picture

first, es not nyse

second, volume RELATIVE TO PRICE ACTION, not total volume

other than that, spot on buddy lol.

Tue, 08/09/2011 - 11:12 | 1542563 RockyRacoon
RockyRacoon's picture

Got gold?   Here are some reads from Ed Steer today:


1] Gold Coins Sell Out in Lisbon as Biggest Bet Sees 22% Gain, Bloomberg

2] South Korea buys gold for first time in 13 years, WSJ

3] Putin calls U.S. 'a parasite' on world, denounces dollar dominance, Reuters

4] Paul proposes bill to cancel $1.6 trillion in U.S. debt to Federal Reserve, The Hill

5] Emerging world buys $10 billion in gold as West wobbles, Reuters

6] The Real Banking Crisis: Eric Sprott, Sprott Asset Management

7] After buying most of it, China gets mad at U.S. for issuing so much debt, Bloomberg

8] Short-Term Yields Going Negative at Bank of New York, Zero Hedge

9] Hoarding gold beats charts over 25 years: Technical Analysis, Bloomberg

10] As many as 20 owners for each bullion bank gold bar: Jim Rickards, KWN

11] Jim Sinclair is interviewed by GoldMoney's James Turk, GATA

12] Silver is 'investment of the next decade,' Sprott says in GoldMoney interview, GATA

13] MineWeb's Lawrence Williams reports on GATA's London conference, GATA

14] US Can Pay Any Debt It Has Because It Can Print Money To Pay It: Greenspan

15] U.S. could run off with other nations' gold, Rickards tells CNBC

16] Ron Paul Slams Obama's "Monstrous Creature," the Super Congress

17] Eurogeddon postponed again as ECB gains three weeks, The Telegraph

18] Walker's World: The Unseen Punch, UPI

19] Debt Crises and Market Turmoil: Is The World Going Bankrupt? Der Spiegel

20] The world runs out of options, Ambrose Evans-Pritchard, The Telegraph

21] The bull case for gold, The Telegraph

22] You'll Be Buying Gold at $2,000/oz - And Higher, Casey Research

23] Fed May Announce QE3 Now Creating Gold Explosion: James Turk, KWN

24] Gold & Markets Signal More "Great Recession" - Richard Russell, KWN

25] Doug Casey Interview, King World News

26] Jim Rickards Interview: All About Gold, King World News

27] JPMorgan analyst sees gold at $2,500 by year-end, WSJ/GATA

Tue, 08/09/2011 - 11:14 | 1542576 machineh
machineh's picture

Twenty-seven reasons for calling a temporary top.

Tue, 08/09/2011 - 11:54 | 1542762 baby_BLYTHE
baby_BLYTHE's picture

Robert Johnson, Rudy Lewis, Brian Jones, Alan "Blind Owl" Wilson, Jimi Hendrix, Janis Joplin, Jim Morrison, Ron "Pigpen" McKernan, Peter Ham, Gary Thain, Mia Zapata, Kurt Cobain, Kristen Pfaf, Richey Edwards, Sean Patrick McCabe, Levi Kereama,  Amy Winehouse

Tue, 08/09/2011 - 12:17 | 1542849 Rick64
Rick64's picture

Robert Johnson. Nice +++

Tue, 08/09/2011 - 11:14 | 1542574 Debtless
Debtless's picture

There should be etfs so we can bet on the robots battling one another.

Tue, 08/09/2011 - 11:14 | 1542575 Tense INDIAN
Tense INDIAN's picture

TYLER....we need a ZEROHEDGE POLL...QE3 or NO QE3

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