The above chart is fuckery at its finest
Short terms yields in Denmark and Switzerland are NEGATIVE, meaning you have to pay them for the right to lend them money. American yields are at record lows and the Eurozone is undergoing one giant bank run.
The markets do not reflect the severity of the situation.
This is as bad as it gets. The markets are tame because people believe QE3 or some bailout is around the corner. If we do not get either, bear with me as I prepare this next sentence: WE ARE GOING DOWN 5,000 DOW POINTS IN SHORT ORDER.
Rumors that Greece cannot secure credit to buy oil, are running rampant, and have been forced to secure it from large European corporations, with onerous conditions. Spanish and Italian credit is in danger too, which is why oil is tanking so hard. See, boys and girls, that’s what deflation does. Credit is non-existant and money becomes scarce. Food, oil and basic materials will not be delivered. Your local grocery store will not have food on the shelves, unless the government steps in and provides credit.
You’re all so frightened of Bernanke and his dastardly printing presses. Well, small pleb, prepare for death by famine if this shit is allowed to unravel.
NOTE: The James Gorman, CEO OF MARGIN STANLEY, interview on CNBC was a crock of shit and pretentious. He called Facebook ipo buyers “naive” if they thought they’d make money on day 1. What a fucking asshat.
48 Responses to Did You Enjoy the Close as Much as I?
That’s fucking awesome.
This is why Twitter is awesome.
wow. great find
There is more room for downside. We must erase all yearly gains at least. Reminds me of 2008 summer, although this isn’t nearly as bad in reality.
Black hole style deflation! Hell yeah, bring it on! We’ll all be equal now in our destitution.
Yeah, Gorman is naive thinking that people won’t drag him through the town square. The next person I hear talk shit about the Fed and inflation is getting kicked down a flight of marble stairs. You can’t grow the economy if the companies can’t get credit to buy/build new assets, etc.
Everyone calm down and eat an IPad
If things really hit the fan my Ninjato business will EXPLODE!
Why not crush then snort it? It’ll kick in faster.
Personally, I believe yon Fly’s conjecture and prognostication is going to come true and slap us in the face with fetid ring bologna regardless of any activity by the Bernank/IMF/ECB et.al. etc etc etc……….
But you know its coming……the announcement. They already have it prepared. They are biding time HOPING. Hoping they dont need it. But its already a done deal. It has happened, it is happening, it will happen.
I’m diggin all the redheads on Game of Thrones.
Cant a brother just get a flush to 1257-1282 so he can go african dick deep in longs, on margin, leveraged?
Next intervention will be nuclear.
The CBs will let this drift lower as we are not at max pain yet
Famine? Surely you jest. People with guns don’t starve to death.
Will you eat gunpowder?
I will be the only person whose credit is accepted at the grocery.
That surely wasn’t the intraday reversal I was hoping for.
The plunge protection team has to go. Let it be a fair market
WTF happened at 3:40? I got stopped out shorts. Let it go down and find a bottom
Stop the manipulators. I mean… plunge protection team
Is this MarketWatch?
If the jobs number is bad tomorrow, we are going to plunge into the abyss.
We need a strong number to change the sentiment out there. This would be a good time for the Obama admin to start fluffing the numbers a bit or he’s going to have to pull his ads proclaiming him as the great job creator.
you don’t think it will rally on poor #s? after all, that would make QE imminent.
I think it comes in close either side.
if its too good then QE is off for sure one would think.
I don’t think 1 bad report makes qe imminent. Fairly cyclical right now, but everyone has to stop jumping at the cocaine. Do you realize how desperate it seems
I’m fine with reality. Are you
Reality Sucks. Like the good Dr. says they have no option but to continue the QE, question is when.
I was only speculating that a bad # coupled with the rest of the headlines may force the CBs hands, thus my imminent comment.
Why are ‘jimmy_two_times’ comments only posted once?
I have full faith in government manipulated numbers.
heh heh im fuckn awesome
No, you are teh suck.
Shit, try this again.
Go to go back and stock up on tuna and spam before the credit goes out and the radiation from Fukushima hits the tuna food supply
One thing worth noting is that while without a doubt the down thousands of DOW points is more than possible, and we do stand in a precarious position… one thing to be optimistic about has popped up over in Europe. And that is the ECBs short term funding announcement recently. The ECB will accept sovereign debt as collateral, and lend to banks at low rates. This provides a loop that would let the governments get funding and avoid imploding.
the markets way up here at these frothy levels is not good ….thats a long way down .. it should be s&p @ 800 then the dow should be @ 8k ..but at these small drops per
day that will take all of june …oh wait june starts tomorrow,,
Well, at least our mayor has the sense to outlaw large sodas …
dont get caught selln a forty …could end up doin hard time
dont think the “for my own recreational use” story will work
The euro’s have been loathe to run their printing presses. But they can remedy that with some new digitized money.
Futures are getting ready for tomorrow. ROFL.
Anyone notice ‘FUCKERY’ as your cursor moves over Fly’s chart?
now that you mention it, i saw that but thought it was just the norm, and never thought anything about it …fan of the new technology ….
wondering how the fly will auction this at sothebys
I was only expecting a 3000 point drop. Unemployment numbers will be good. The dollar will go higher. Ben won’t be able to pull QE3. The Euro will be F*cked. Flashcrash, then all is good and we climb for the next 2 years. Targets for Yelp…
Buy – $12-$14
Sell – $42-$44 by mid 2014
The DeMark Sequential weekly Indicator on the IWM will complete this week. This is rare –last time was 3/6/09. It is 6 out of 7 since 2000, missing only in 2002, Buy on a down spike, which may have already occurred today. I don’t have a time machine, so I tried it,
So if we are facing deflation why is my VIPSX (Vanguard Inflation Protected Securities Fund) up more than 1% in the last two days?
Crap, this is not quite working out. Nothing to see down here.