Wednesday, July 8, 2015

ITS ALL FINE

Once again the pundits had to be trotted out on all the major business media networks to reassure the sheep that "everything is fine and don't worry". After all, it was only the NYSE that crashed today. Its not like it was anything important like ESPN going down. So right away lets dismiss that "glitch" right here and now. Let's get back to what happened JUST BEFORE the "glitch".

I was on CNBC Asia last night when they were trying to get the China markets opened and it was absolute chaos. China announced several market interventions just prior to their opening as the futures were down over 10%. They included taking out 50% of the individual stocks from trading AT ALL. They also precluded all major shareholders and officers of ALL stocks from selling their shares for an entire year.  Then they announced they would intervene in the market to buy shares.........and it still tanked.....obviously not as bad as it would have but the fact it was down 5% after all of that bodes poorly for this market. Its toast. This is called panic and margin calls and pooo. You don't get that kind of damage repaired in a few weeks or months.

This unnerved traders here and selling couldn't be contained without intervention from heaven. So ouila.....we had a glitch. It formed a convenient "bottleneck" for the other exchanges and the market was only down a couple hundred points on the DOW. Big deal. Traders will be trying to tip toe back into the market tomorrow just like nothing happened. Pundits will reassure you that "all is fine" and that Big Daddy has your back. Enjoy your summer traders. You deserve everything you're gonna get. But you might wanna pray for your country, its freedoms (whats left of them), and you family's future. gl 






41 comments:

  1. kli junk silver premiums now 3.50

    ReplyDelete
  2. Karl Denninger gives a wonderfully simple explanation of why debt matters..."adding loans to someone who cannot pay their current loans". What about the SDRs becoming the world reserve currency in Oct.?
    It's so hard to get to the truth. But he lays it out perfectly.
    It's the unraveling stupid. I had not thought about the medical monopolies. Kli, can you explain his Medicare scenario? Not sure how the program would disappear. Many thanks. I think what he is saying is the way the medical used to work--the Dr. came to the house and you paid him! No insurance involved. Why won't they listen to him?

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    Replies
    1. The medical system has grown completely OUT OF CONTROL....and only an economical collapse can get it back into a sane system. I would have to spend pages explaining. The monopolies are the Insurance companies/big pharma/ hospital associations/device makers. Doctors use to be in there but they have been destroyed so that pharma and hospitals could really take over and grow exponentially in power. You can't change this power structure now. it has to collapse

      Delete
    2. sista NO corrupt, enormous system like this can be reformed without completely imploding it first....impossible and history shows that

      Delete
    3. Not pages, terabytes hehehe...... It sort of like the MIC to sum it up.....

      Delete
  3. Like reading KD, he's pretty straight forward and tells it like it is......

    btw: http://johngaltfla.com/wordpress/2015/07/08/meet-the-man-responsible-for-todays-nyse-outage/

    Hehehehe. "All is Well"........

    ReplyDelete
  4. No, you like KD because he tells you what you want to hear. That putz has been wrong about everything for years. ZH is your bible because it's a worthless doomer propaganda machine, with a constant flow of hyperbole and fear on a daily basis. What prediction or forecast have they gotten right since 2009? Name one, moron.

    You, like your master Kliguy, is nothing more than a chicken-shit weasel who spends his days rooting and hoping for doom and destruction. You are a mentally challenged miserable failure in life, and like your fellow doomers, you want others to be miserable too.

    The fact of the matter is, the odds of the world ending as we know it, whether due to a pandemic, war, economic collapse, cosmic catastrophe, etc, are infinitesimally small. I know you start foaming at the mouth and can barely wipe the slobber off your face as you post ZH article after ZH article on a day like this. But your dumbass needs to realize that life goes on. One thing doesn't change, however, and that is you will always be the putz who spends all of his time looking for bad news wherever you can find it.

    What a waste of oxygen! Hehehehe.......

    ReplyDelete
    Replies
    1. You seem to monitor a lot of "doomer" sites that you vehemently despise and disagree with. So why? Your language indicates you are very disturbed right now and your frenetic posts are becoming boring. Why don't you do like all 37 y/o boys do and go find a life? You know....like a girlfriend...a soulmate.....a hobby......or........you can stay on these hated sites and make yourself even more miserable. hehhehehehhehehehe.........

      Delete
    2. Of course life goes on; that isn't the point of this blog at all.

      Delete
  5. Hey Skippy,

    "Chicken-Chit Weasel" hehehe that's a new one, I see your feeling a bit like your old self....

    Yeah you know me I love being fed my daily dose of doom, gloom & misery! Seriously how can a guy get by, watching the MSM? Oh wait that's what you do, no wonder your so offended by us fools that for some odd reason you can't get enough of, anyway don't worry it's all fixed and everything in the World is right AGAIN!!!!! Didn't you hear?

    http://www.zerohedge.com/news/2015-07-09/china-soars-most-2009-after-government-threatens-sellers-arrest-global-stocks-surge

    Hey Jay hows that short play working? Good thing you live in the good ole USA, if you were living in fantasy land, they would throw you in jail for being a malicious sort..... hehehe

    Oh and there's no need to look for bad news all you have to do is open your eye's or in your case take your head out of your a$$.....

    Putz

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  6. Then leave here. If you think everything is great then why come to this site. I don't go to sites that I can't stand. Like MSNBC what a bunch of political hacks all they worry about is the agenda of the progressive left which is communistic in nature. I do visit Fox but you have to watch it there as well the progressive right. How about lets worry about our freedom being under attack by our own government. Like in Oregon and the bakers not wanting to make a cake for a lesbian couples union and that whole ordeal, and then trying to put a gag order on them. That is an outright attack on FREEDOM. A gag order in a civil issue not a criminal issue. It is they don't want there plight to fight out there squash any and all dissent. Progressive left at its best. And at least I put my name on my thoughts unlike some of the trolls here. Man up and put your name out there. What are you afraid of???? Our own government???

    Jeff

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    Replies
    1. Freedom what's Freedom, we don't need any stinking Freedom... hehehehe

      Jeff,

      Skippy is like a moth attracted to a barn fire or a gay couple attracted to Christen Bakers, they just can't help themselves, actually I think Kli is right about our resident troll, he's scared and rightfully so since everything is upside down, inside out and just plain fkd up....

      You know I can't figure out this whole baker thing, you go into business to make money/profit, the gay community has one of, if not the highest percentage of disposable income, so why not take advantage of it? He77 if I baked cakes, I'd bake happy cakes, I'd charge them extra for it but man would they be happy and so would I all the way to the bank... hehehehe

      I get the church business though, you don't need to be a member of a Church, so maybe they could start a happy church or ask to be wed at a Mosque?????

      Anyway does this subject really matter anymore since folks are having trouble figuring out if there male or female? hehehehehe

      Delete
    2. That was my point that our freedom is being eroded every day if not by the left progressive then by the right progressive neocons. It truly make me sick. And the sheep go along with it because of political correctness which has communistic/marxist roots.

      Jeff

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    3. Jeff,

      No kidding, this has been going on since Wilson was President, like the Chinese death by a thousand slices, ever so slowly they've destroyed the Constitution and all it stood for, currently book burning is all the rage ie: Confederate Flag..... Sad state of affairs my friend but look at the bright side of things, the futures are up, so all is well again, just don't look at the UE claims, it will spoil your breakfast.... hehehhehe

      Delete
    4. Well said Jeff. I think it is sad that the focus in the Charleston shootings is on a flag rather than the lives lost to a lunatic.

      Delete
  7. Hey check out the "NEW" Quarterly Reports.......

    http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2015/06/pepsi%20peformance.jpg

    Strange Day's Indeed.......

    ReplyDelete
  8. Now what was it that KD was saying?

    http://www.zerohedge.com/news/2015-07-09/feds-modest-proposal-boost-us-growth-issue-more-debt

    Hehehehe

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  9. Hey Jeff,

    Flown lately? Tried leaving the country with more than 10k of your own money without declaring how much of your own money you have? Drive around much with thousands of dollars of "Drug Money" in your car in the land of the free? Do you feel lucky? hehehe. But it's ok if HSBC does it on a grand scale because that is Too Big To Fail. And this post will be recorded to boot hehehe. It's all good.

    -OH

    ReplyDelete
    Replies
    1. OH,

      http://fredoneverything.org/paybacks-a-bitch-rural-wisdom-and-the-gathering-storm/

      Delete
    2. OH,
      Yeah I have about 6 months ago went to Maui and the Big Island for the first time man I am hooked that is an awesome place. I do carry a quite a bit of cash but under way 10k and also my 40 cal pistol with an extra clip and my permit to carry as well. What is happening in the world is why I have both. Don't want to be like Greece and line up at the ATM's. We have ceased being a truly free country, I have really started noticing it as I have gotten older and truly feel sorry for my kids and the world they are growing up in. But its all good. Nothing to worry about move along


      Jeff

      Delete
    3. capital controls will be become increasingly stringent worldwide and will create more and more headwinds for growth in the real economy

      Delete
  10. Damn these folks over at KingsWorld are tinfoil hat types.......

    http://kingworldnews.com/gerald-celente-was-the-suspicious-nyse-trading-halt-an-attempt-to-stop-a-crash-in-u-s-markets/

    It was a glitch, nothing but a glitch.....

    ReplyDelete
  11. Sweet..........

    The Donald is giving the establishment fit's hehehehe

    https://today.yougov.com/news/2015/07/09/gop-frontrunner-donald-trump/

    ReplyDelete
    Replies
    1. Hey "The Donald" has even got MA's attention...

      http://www.armstrongeconomics.com/archives/34750

      I like it......

      Delete
  12. For the Damned if you do, Damned if you don't file.......

    http://www.nbcnews.com/storyline/baltimore-unrest/baltimore-mayor-fires-police-commissioner-amid-spike-homicide-rate-n388841

    ReplyDelete
  13. too strange to be true but a Bloomberg reporter in Greece was commenting today on things people in greece were buying instead of holding paper currency EVEN euros currency....and she said they were buying Chanel purses and such.......BWAAAAAAAAA........ NO WAY she was going to say silver or gold.........hehehehehheheheehe Can you imagine how stupid they are thinking that Chanel will be worth anything when this chit goes down

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  14. you guys need to lighten up.......its ALL GOOD......repeat after me.....hehehehe gettin' closer to the end of the ponzi...and I'm NOT looking forward to it....its gonna hurt.....btw Tom et al. I'm OOT and out of most of the action during most of the day....they have me in double top secret work.....hehehehehe......so light up the comments.......I'll check in in the mornings (jail time)

    ReplyDelete
  15. Nah can't be, say it ain't so!!!!

    http://www.paulcraigroberts.org/2015/07/08/big-banks-using-derivatives-suppress-bullion-prices-paul-craig-roberts-dave-kranzler/

    ReplyDelete
  16. Greek can will be kicked down the road through "debt restructuring" and the details will "be announced at a later date" Tspris got a visit from the Jackals

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    Replies
    1. IMF, ECB will continue "emergency liquidity until details are finalized

      Delete
    2. Not a good day. Merkle wins, libtards win, Chicoms win. A great day for central planners.

      What should the new world order flag be? Has to have rainbows and unicorns.

      Sheeps

      Delete
    3. I think he was already IN, but the people for a short while voted otherwise. This just goes to (further) prove that nothing the "people" want is even considered. We have had this situation time and again in Charlotte, i.e., we vote for one thing and the City Council/Mayor does the opposite. Same with the Congress.
      When are these squeezes gonna start to fail?

      Delete
  17. Greece took the deal!!! The world is saved!!! Hallelujah!! Hallelujah!! הַלְּלוּיָהּ הַלְּלוּיָהּ !!!!!!!!!

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  18. Chinese brokers now refusing to take sell orders.....hehehheheheheheheheheehheehhe.......its all fine its all fine

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    Replies
    1. They are threatened with Jail Time if they do!!!! Talk about free markets is cheap. LOL.

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    2. FREE MARKETS! BAWAAAAAAAAA, now back to your regularly scheduled program....

      "All is Well, All is Well"......

      That feels better now, doesn't it :)

      Delete
  19. Nothing to see here move along all is good. Go by some stocks. All is good.

    Jeff

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  20. Think Yellen will raise interest rates now?? :)

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  21. Gold 1,160.10 -0.02%

    Gold is a waste of time.

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  22. Buy Stawks!!.....hehehehehehheheheh

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    Replies
    1. Just don't expect to sell u'm......... WEEEEEEEEEE

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