Amazingly, S&P futs are up more than 20, following Larry Summers removing his name for new Fed chief. Apparently, the market approves of having a non-partisan bastard hack at the helm of the most important American institution.
I’d be shocked if this rally wasn’t sold off. Nevertheless, we are at the heights of hedonism and excess.
The house of pain continues for the vagabond short sellers, bankrupting themselves for believing everyone else will go bankrupt.
Irony at its best.
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Apparently, this market is nowhere near Peak Irrational Exhuberance.
You’re probably correct to some degree , however , Mr. Summers track record showed no indication of ability to lead the fed . This may not bring a sustained rally , but it won’t hurt .
say what u want about the guy but he’s brilliant
“I think what the Iranians understand is that the nuclear issue is a far larger issue for us than the chemical weapons issue,” Obama said, adding that the threat a nuclear Iran would pose to Israel “is much closer to our core interests.” At the same time, Tehran should heed the lesson that “there is the potential of resolving these issues diplomatically.”
The problem there being two years ago when Obama said, “We have been very clear to the Assad regime, but also to other players on the ground, that a red line for us is we start seeing a whole bunch of chemical weapons moving around or being utilized.”
Obviously we care a lot more about the well being of Israel than about Syria. But there’s not much track record here for groups like Iran to be taking seriously.
The irony being I actually agree mostly with what the Obama administration has been doing. But man they need to think before they speak a little more.
he’s walking a fine line between the behind the scenes powers that be and what he thinks is right .. 1/2 the time he’s placating powerful special interest groups, cia, corporations, religious lobbies, unions, secret services, etc , with words, deeds, 1/2 measures, compromises,… he knows he’d be dead in no time if he just did what he wanted … imo, there has been no president who considered their words & their effects more than him
STOP SUCKING THE GUY’S KNEE CAPS. OBAMA IS WORSE THAN BUSH.
For the sake of your children, get a grip of your emotions.
Obama bows to the Saudi King, Bush held hands with him. 100% of the bullshit is about the Saudi’s and their interests. I truly think they are the reason behind the Obama blockade of the Keystone. 75% of the global bullshit would cease if these mug were wiped off the map…
I respectfully disagree, Herr Fly
the el Prezidente of the USofA is sort of a figure-head to the string-pulling illuminati power-brokers … as you know, there is far more that goes on than appears to the naked eye … and I’m not just excuse-making for the guy
Bush was #1 worst … he was the perfect puppet/dupe for the string pullers .. dumb as wood & he grew up sucking of the USA-illumati teat
For you ignorant ones:
http://en.wikipedia.org/wiki/Six-Day_War#The_USS_Liberty_incident
Chuck,
We have no dog in this fight, I agree. However, neither did Israel, and neither has Israel asked America to do anything in Syria. Israel likes stabalized countries around them in order that those crazy arabs dont get their panties in a bunch with anti-Semitism and calls for a second holocaust. Saddam Hussein was actually great for Israel..
Now, to the point of the USS Liberty. If you know the facts, you know that that particular ship was also used for communications, and that that particular ship was helping the enemies of Israel (at the same time the Americans were helping Israel). Jews dont like turncoats, so we did what any country would do, and turned off their communications :). So, if you are attempting to call this some sort of Zionist excursion you are sadly mistaken.
Anti-Zionist views will not go unanswered in these halls of decorum (iBC)
Chuck,
I am an American. And yes, I have a bias. But not towards the facts.
the wall of worry
rally is alive & well
I have a big long position, will hedge it tomorrow into the fed meeting.
What is your big long position? When did you put it on? Did you post it here? Thanks, liar..
“bankrupting themselves for believing everyone else will go bankrupt” Nice one liner
wow – so close to buying a bit of VXX and a bit of UUP the end of Friday – so very close. Good to be lucky – although both will be nice trades in the coming day or days. Eyeing some mortgage reitts with exdiv next week. Gold, silver prolly just a one or 2 day bounce. Not sure where WTI goes. But if this pre-market move keeps up throughout well into the day should lead to a nice fade, Fascinating to see where we aill be in about 7 hours.
Fucking fun house. Double S. Syria and Summers fixed. Now the tape can go back to losing all credibility. At least the booms can reload the bond ports.
Senor Fly what is the trade into this shit show?