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The Volume Speaks Volumes... Again

Tyler Durden's picture


The levitation resumes. And as expected, the second this happens the volume divergence from average goes red. Good to see that no matter how big of a beating they experience, the robots will always be here, apocalypse or shine. In the meantime, the carbon-based whales are sitting on the sidelines until 2:15 pm. Anything less than the expected from the gospel of St. Chairsatan will promptly push the volume bar from red to green, and the direction of stocks (inversely) appropriately.


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Tue, 08/09/2011 - 11:02 | 1542518 PicassoInActions
PicassoInActions's picture

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
Long-John-Silver's picture

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
hedgeless_horseman's picture

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
Arch Duke Ferdinand's picture

*****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
slaughterer's picture

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
max2205's picture

Decent odds SPX tests the overnight lows of 1,077......

Tue, 08/09/2011 - 12:13 | 1542829 hettygreen
hettygreen's picture

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

Tue, 08/09/2011 - 11:20 | 1542607 SheepDog-One
SheepDog-One's picture

I say definitely no QE, at least not in the form that impresses anyone at all. At most a 'lite' behind the scenes QE to perform bond price maintenance at best. But certainly the days of $8 billion POMO's that carried the DOW from under 10K to 12,800 are over. There may be a "QE' but it wont be free billions per day at all.

Tue, 08/09/2011 - 11:28 | 1542648 hedgeless_horseman
hedgeless_horseman's picture

Freindly wager, Dog?  Dinner at Pasta Jays?

Tue, 08/09/2011 - 11:31 | 1542668 SheepDog-One
SheepDog-One's picture

A wager on what specifically? The size of whatever 'QE'? I say it will fall short of market crackheads all-out expectations. Im betting they want to hear $1.5 trillion at least, and any actual will be a couple hundred billion or so at most.

Tue, 08/09/2011 - 11:46 | 1542696 hedgeless_horseman
hedgeless_horseman's picture

I will take the over on a Trillion Dollars, announced before October.  The Bernank ain't no mother-fuckin' amateur money printer.


Tue, 08/09/2011 - 11:52 | 1542752 SheepDog-One
SheepDog-One's picture

AH just had that the other day. 'Over $1 trillion'...I just dont see it! More like a few hundred billion tops to perform bond rate maintenance or something mundane like that.

Tue, 08/09/2011 - 12:13 | 1542831 gmrpeabody
gmrpeabody's picture


Get that picture off the screen. (I don't see a bottle of wine)

Tue, 08/09/2011 - 12:39 | 1542902 V in PA
V in PA's picture

Nice meal, served in the rim of a public toliet seat. ~yuck~

Tue, 08/09/2011 - 12:52 | 1542928 KowPie
KowPie's picture

Damn. That one got me laughin!

Tue, 08/09/2011 - 11:15 | 1542578 GiantWang
GiantWang's picture

So neither the world nor the financial market will end today.  Bummer.  I was hoping for at least the latter.  The world can stick around for a while.  I'd like to see the show.

You know, legitimacy, integrity, logic, and consequences went out the window a long time ago.  I'm beginning to think that the ponzi really, really can go on forever.

Since money is now just a series of 1s and 0s on a computer screen, why can't they be extended into infinity to keep the game going?  Maybe the 1920's bank runs wouldn't have happened if money had been digitized and people had had faith in the electrons.

We don't have enough coin and paper currency on hand to cash out just the billionaires in the U.S.  Yet the system continues, because people obviously believe their electronic money is worth something.

If Bernie Madoff could have just sent his customers digitized 1s and 0s and they would have accepted them (as the U.S. can and we do), would he have ever suffered a collapse?

Without a true Project Mayhem, the rigged game will continue for the foreseeable future.  Just one opinion.

Tue, 08/09/2011 - 11:22 | 1542621 SheepDog-One
SheepDog-One's picture

To carry the Ponzi on forever is clearly not the plan though, the plan is 1 world govt 1 world currency. 1 big spectacular crash into world war, then they figure they can rise the Phoenix up into their long planned new world order. When that happens? I dont know, not just yet though.

Tue, 08/09/2011 - 12:02 | 1542790 Hugh_Jorgan
Hugh_Jorgan's picture


Tue, 08/09/2011 - 12:28 | 1542872 GiantWang
GiantWang's picture

What will they have and control then that they don't already have and control?  They--whoever "they" are--ostensibly already have all the wealth and power.  What else do they want?

I was talking to guy the other day who owns like six boat ranging from a $2 million corvette boat to very high end offshore fishing boats, huge trucks and trailes to carry them (along with his Ferraris) around the country.  His five houses are ridiculous.

Why would that guy--the definition of wealth--not want the ponzi to continue?  Why would he want a world war and a change to the existing status quo?

I think the whole point is to keep the ponzi going for as long as possible.

Tue, 08/09/2011 - 12:43 | 1542912 V in PA
V in PA's picture

What we are witnessing is the final death throws of the socialist state. It will be messy, bloody and will take many years (10 to 20), but hopefully mankind will never revisit it.

Tue, 08/09/2011 - 11:21 | 1542613 alien-IQ
alien-IQ's picture

I think that anything short of the Chairsatan coming out and explicitly saying that he's gonna hit every ask in sight on everything from EK to BRK.A will be viewed as a disappointment.

Tue, 08/09/2011 - 11:26 | 1542630 SheepDog-One
SheepDog-One's picture

Exactly, anything short of announcement of C-130 pallet drops of trillions of dollars over Wall St will be a big let down. Markets are expecting a massive free cocaine and hooker party announcement, when the best that will be announced is 1 free cookie and Dixie cup of punch party.

Tue, 08/09/2011 - 11:35 | 1542681 alien-IQ
alien-IQ's picture

I also think that another thing that has to be taken into consideration is the fact that this market tumble has taken place with barely any upside move on the USD.

The dollar is still very weak, any QE type announcement is gonna send it to historic lows. And I suspect that's bound to piss off a few bankers and politicians in the very least.

In's a total clusterfuck. Something is gonna have to hit new lows, either the dollar or the markets.

Tue, 08/09/2011 - 11:44 | 1542722 SheepDog-One
SheepDog-One's picture

Right, wheres the talk about how any QE will drop the dollar further and any market rise will only be lucky to tread water keeping equity nostrils just above water, at best? The free money market 3 year party is over people.

Tue, 08/09/2011 - 12:42 | 1542909 slaughterer
slaughterer's picture

Rumor is it that Wall Street sent 120 C-130 pallets to DC last night via train delivery.  

Tue, 08/09/2011 - 11:24 | 1542627 JW n FL
JW n FL's picture

Here comes the FED!

No Worries! The Hole is Safe!!

The FED will keep the Hole going!

Gold.. Down from $1,700!

Silver Down from $40!

Stock Market (Free FED Money Market Hole) UP!!!

The Money Fires are the BEST!!

Besides.. they only needed the Market to drop 25% so they could implement Quantitative Easing Part 3 which is really like Part 9.. but we are not counting anything under the $100 Billion Dollar Safe Mark. If the amount is under 100 Billion Dollars “We the Sheepish Consumers” don’t notice it or pay attention is what has been multi market tested to success.

So, lets get those Printing Presses Fired Up and Running so the “Free Market” can pumped by the FED to make the Wall Street AAA Rated Corps (OOPS! AAA is NO! Longer a Pre-Requisite for 0.25% Loans) can get richer off of the Back Stop that is “We the Sheepeople”.

Tue, 08/09/2011 - 11:28 | 1542649 SheepDog-One
SheepDog-One's picture

$100 billion QE, hello DOW 7K. Thats nothing but 10 days of Bernankes prior QE heydays.

Tue, 08/09/2011 - 11:56 | 1542768 JW n FL
JW n FL's picture

you will Love this shit sheep dog!


India owes Iran $4.8 Billion and has paid $1 Billion already..

How much Aid goes to India?

The United States has an embargo in Place??????? What the Fuck are those dirty fucking towel heads doing with our money? Giving it to Iran?


Someone with common sense needs to clear out Washington DC of ALL the Lobby Whores and Status Quo Groomed Personalities! So that America can get itself back on track.


And before everyone thinks it is JUST India! How about the Natural Gas Pipelines than go thru Turkey (coming out of Iran) that supply Europe with 40% of its Natural Gas needs?


How much International Aid is Poured into Europe?

How many U.S. Dollars have been wasted at the Euro / Dollar Swap Window trying to keep the Europeans from falling off a cliff?


The WHOLE WORLD has it hand out to the United States for International Aid and Arms!

The United States is supposed to give up 60% of its Wealth to the World so that the World will Not be as Poor as before!


“We the People” are used as Congress and the Senates Back Stop for ALL of the Credit Extended to Wall Street!


Why is America filled with Stupid / Blind People? Is it the Fluoride(s) in the Water?


The market crash! Of 25% while the economist(s) reflect on whether or not now is an appropriate time for QE – 3 at Jackson Hole!


Tue, 08/09/2011 - 12:55 | 1542940 KowPie
KowPie's picture

Nuke em till they glow, shoot em in the dark and let (pick your) God sort em out.

Tue, 08/09/2011 - 11:24 | 1542632 Central Wanker
Central Wanker's picture

My guess is that there will be some kind of Mini-QE3. A big one would piss the Chinese off and no QE would push the stocks into the abyss.

Tue, 08/09/2011 - 11:32 | 1542647 vast-dom
vast-dom's picture

I have this crazy notion that Bernank will play chicken with markets today; if QE3 is introduced too soon (read: before the DOW really slams down) then credibility is further strained and not as easy to justify it all. But if Fed holds off until Aug25 when DOW totally fucked, then much room to justify and implement, irrespective of actual efficacy (more at lack thereof) since masses and markets distracted in utter panic. So printing presses will languish couple more weeks......


But i could very well be very wrong.

Tue, 08/09/2011 - 11:32 | 1542657 TruthInSunshine
TruthInSunshine's picture

The Bernank will announce that he has mastered the science of cold fusion, and the world will rejoice, later this afternoon.

At the demonstration tlo prove his claim, to be hosted tomorrow, many will stand by perplexed as The Bernank proceeds to pour a full box of Arm & Hammer baking soda into a beaker full of vinegar, on a white linen clad card table, as he declares that he is, in his own words, "the new king of clean, renewable energy," and also "the savior of mankind."


Tue, 08/09/2011 - 11:33 | 1542679 SheepDog-One
SheepDog-One's picture

I heard he's also going to wheel a loom onto the stage and demonstrate spinning simple cotton fiber into strands of 24K gold.

Tue, 08/09/2011 - 12:48 | 1542918 V in PA
V in PA's picture

How sweet would it be if Bernanke announced "Your FUCKED, and I QUIT!" and laughed the whole way out the door.

Tue, 08/09/2011 - 11:31 | 1542666 stormsailor
stormsailor's picture

call me quazy, but i shorted 20 /es at 1146,  it failed to break past 47 and i think it might resume tankage with some volume.


set an out at 1150 if i'm wrong.

Tue, 08/09/2011 - 20:31 | 1544730 Rick64
Rick64's picture

Nice trade once again, hope you cashed out before the rebound.

Tue, 08/09/2011 - 11:34 | 1542678 YHC-FTSE
YHC-FTSE's picture

I am sure there will be analysts galore post 2:15pm ET, but what are the minimum numbers that deserves the moniker, QEIII? Anyone care to stick his neck out? I say $600Billion or more of unconventional direct purchasing of financial assets and private sector businesses deserve to be called QEIII. Otherwise, meh. 

Tue, 08/09/2011 - 11:37 | 1542690 SheepDog-One
SheepDog-One's picture

Im with ya. I think whatever the 'QE' announcement finally is will not be a big party, but some small behind the scenes maintenance fund to manage bond prices 'should the need arise' or something like that. I think the days of Bernanke hitting the ask of everything market wide no matter what are over.

Tue, 08/09/2011 - 11:35 | 1542684 g
g's picture

Market is holding is breath on the word of the Bernank, fucking pathetic, who would have thought this possible a decade ago. Interesting article I read today,

Addresses some intersting points of view I had not considered in depth.

Tue, 08/09/2011 - 11:40 | 1542706 SheepDog-One
SheepDog-One's picture

Total the entire markets depend TOTALY on what some announcement from 1 FAILED man will be regarding further printing currency out of thin air to support said markets? Just totaly pathetic and sickening. 

And no one really has any idea about the bigger picture...who is factoring in the next round of false flag terror events in major US cities? Riots from NYC to LA? All thats coming soon, its going on everywhere else in the world, we're next!

Tue, 08/09/2011 - 11:43 | 1542715 g
g's picture

Great point about the Bernank being a failed man, and yet the market, the politicians, etc,  still hang on his every word. Things do not look good..........

Tue, 08/09/2011 - 11:38 | 1542697 Brokenarrow
Brokenarrow's picture

The redemptions are done. The shorts are set to get burned again. Zh can go back to blaming "pomo. momo. homo, and sholomo."

In fact, the shorts will get their face torn off this afternoon.

I do love reading this site. It's well written by people that are highly sophisticated and articulate, but havn't figured out that they are at a rigged gambling casino.

Tue, 08/09/2011 - 11:42 | 1542711 SheepDog-One
SheepDog-One's picture

LOL, after The Bernank does a faceplant in this afternoons 'big event' we'll probably be back to 10K DOW. Youre so sure your knight Bernank is going to deliver another huge free gift to bubble markets? Go long then, put up or cork it.

Tue, 08/09/2011 - 11:45 | 1542726 g
g's picture

Everyone here knows its a rigged casino, its the fact that no one else seems to, that is so disturbing. I seem to recall that it was ZH that was saying as much for a  few years now.

Tue, 08/09/2011 - 11:48 | 1542738 SheepDog-One
SheepDog-One's picture

Brokenarrow claims ZH does not know its a rigged casino, when it was ZH who was one of the very first to call the markets a rigged casino way back when everyone was mainlining TARP Hopium?

Tue, 08/09/2011 - 11:49 | 1542744 fuu
fuu's picture

"I do love reading this site. It's well written by people that are highly sophisticated and articulate, but havn't figured out that they are at a rigged gambling casino."

Uh what?

Tue, 08/09/2011 - 12:07 | 1542809 Hugh_Jorgan
Hugh_Jorgan's picture

Your either new here, a shill, or you are working with a double digit IQ. In any case, you should proabably refrain from further posts, unless you enjoy making yourself look like an idiot.

Tue, 08/09/2011 - 13:09 | 1542996 slaughterer
slaughterer's picture

Brokenarrow, I tried that type of language with these guys and it got me no where.  Now I am one of them.  

Tue, 08/09/2011 - 11:49 | 1542741 tahoebumsmith
tahoebumsmith's picture

Pretty sad that America's demise has nothing to do with what the President says, yet everthing to do with what a milksop like Ben Bernanke does. All the toothless cry babies that have shit themselves over the past week are lined up in their high chairs shaking their rattles and sreaming, waiting for momma to bring her tit over and nurse them. They crashed the markets to get their way and now they are holding America hostage. Insiders have all gotton out in time, once again mom and pop and the little guy with his 401k get stuck holding the empty bag. Enough of this bullshit already, now that the FED controls America we are certainly doomed as a nation and sooner then later all of the lemmings will be falling of the cliff because they followed a fool like Bernanke over the edge.

Tue, 08/09/2011 - 11:54 | 1542760 SheepDog-One
SheepDog-One's picture

LOL! Crybabies need their ba ba!! 

Everyone gnashing their teeth about the exact details of further QE, hardly anyone seeing the bigger picture that we are totaly screwed due to it.

Tue, 08/09/2011 - 12:35 | 1542884 jomama
jomama's picture

They crashed the markets to get their way and now they are holding America hostage.

don't tell me you're blaming the Teahadists too... smh

Tue, 08/09/2011 - 12:40 | 1542905 tahoebumsmith
tahoebumsmith's picture

They would be the ones that control the markets and their robots...they would be the ones that are free money junkies that go into withdrawl as soon as the dope runs out. I support the Tea Party, the only group that cares about the furure of my children. If they had made the cuts the Tea Party put out there the downgrade would have never happened.

Tue, 08/09/2011 - 11:50 | 1542748 choorles
choorles's picture

great man the bernank... making all us holding the silver rich!!..

Tue, 08/09/2011 - 11:59 | 1542772 Franken_Stein
Franken_Stein's picture


Has it never occured to anyone of you that in the weeks before 5000 oz. silver futures contracts at COMEX expire, their trading volume usually starts to surpass the open interest by a margin of almost 2:1 ?


Now what does that tell you ?


What that tells you is this:

The silver market is dead.

It is a government controlled, computer controlled fake market.


The almost vertical drops in the price of silver one can observe on a nearly daily basis are generated by HFT algos that buy and sell futures, far exceeding the amount of silver mined in one year, in amatter of hours.


Neither does the open interest rise nor fall dramatically in the process, but the volume spikes.


Usually, with other commodites, the volume is 1/4 to 1/3 of the open interest.

Not so with silver in the last weeks before expiry.



Check it for yourself:


Tue, 08/09/2011 - 12:18 | 1542844 cranky-old-geezer
cranky-old-geezer's picture

Welcome to QE3 folks.

Who cares if it's formally announced or not? 


There's NO other way to keep the PONZI SCHEME going.

Tue, 08/09/2011 - 12:37 | 1542895 abaccus
abaccus's picture

Well everyone was expecting the market to reach 1450 by year end and baaamm now everyone is saying QE3 is a done deal then baaaam not gonna happen..Either way the market will go up a bit to correct then off to new lows

Tue, 08/09/2011 - 12:53 | 1542933 Irish66
Irish66's picture

Fitch downgrades rool out

Tue, 08/09/2011 - 12:59 | 1542949 stant
stant's picture

fed cat bounce

Tue, 08/09/2011 - 13:16 | 1543026 jplotinus
jplotinus's picture

Having just been treated to a Washington DC "austerity fest" where we were told that cuts in spending are on order now, henceforth and for at least the next ten years, it will be interesting to see how Joe and Joanna 6 respond to the sudden availability of $100s billions for a Qx bank bailout.

I don't watch teevee, but has the flicker rate been turned up so as to zombie the sheeple even further?

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