Rigged Markets Down Big Time than gets pumped back to close even

[larsonstdoc]

Dow-180.08
10,464.17-1.69%

Nasdaq-49.63
2,227.54-2.18%

S&P 500-21.31
1,099.75-1.90%

  What do they expect?  The dollar is at a 15 year low against the yen (another fiat currency).

  The Fed yesterday said it will buy treasuries (because only the stupid will anymore).  

[citizenx]

Down 1.82 last I checked around 10.450.

I still think 10,400 (ten-four!) is the magic number right now for some reason (since last Nov.)  Artificial stasis.

Wouldn't expect that to change until fall because of relatively low volumes.

[larsonstdoc]

  Yep,  they are trying to keep the DOW above 10,000 so that the scum little people will not exit before the Iran War.

  Then when the Iran War starts, it's Katy bar the door--- disasters in the Middle East and on Wall Street

[citizenx]

  Yep,  they are trying to keep the DOW above 10,000 so that the scum little people will not exit before the Iran War.

And they can't let it rise for fear of inflation/hyper-inflation and subsequent collapse of the OTC interest rate derivative markets.  As far as the banksters are concerned, there can be no sustained (real) global recovery right now.

Even China is downgrading itself, with housing prices there set to drop 60% and exports and shipping have dropped off a cliff.

[larsonstdoc]

And they can't let it rise for fear of inflation/hyper-inflation and subsequent collapse of the OTC interest rate derivative markets.  As far as the banksters are concerned, there can be no sustained (real) global recovery right now.

Even China is downgrading itself, with housing prices there set to drop 60% and exports and shipping have dropped off a cliff.

  Though I believe the Chinese markets are also rigged,  I also believe there is more truth in what comes out of their economic news sources.  i could be wrong.  Wall Street news is lie after lie.

[citizenx]

Oh, China is more than rigged -- it is still a government controlled mandate economy in may ways.  The PLA (People's Liberation Army) owns controlling shares of all the big companies -- floating loans (deriving investment) from Western corporations.

The bailout of the economy there is sputtering as well.  Gov't by itself cannot sustain an economy.  By itself (without WWII) the NRA and New Deal in general would have failed to pull America out of the Great Depression. Keynesianism in all its forms is limited in what it can do (in this world).  That should have been one of the lessons of the twentieth century.

There is a law of diminishing returns for gov't. spending/debt/investment.  It may be a "blessing" as one of our founding fathers said, but in a very limited way.  The debate in America over this has largely been a division between those who favor Keynesianism and those who favor no debt at all -- a false dichotomy again.  Even those who favored no debt (supposedly) often wound up supporting a sort of war-Keynesianism which allowed defense expenditures to be almost unlimited (hypocritically, of course).

Oh, David Stockman, where are you now?

Hawking reversal of the Bush tax cuts.

Oh well.

(Bad time for a tax increase IMO.)

[citizenx]

Down 2.01 to 10,430.

[larsonstdoc]

Oh, China is more than rigged -- it is still a government controlled mandate economy in may ways.  The PLA (People's Liberation Army) owns controlling shares of all the big companies -- floating loans (deriving investment) from Western corporations.

The bailout of the economy there is sputtering as well.  Gov't by itself cannot sustain an economy.  By itself (without WWII) the NRA and New Deal in general would have failed to pull America out of the Great Depression. Keynesianism in all its forms is limited in what it can do (in this world).  That should have been one of the lessons of the twentieth century.

There is a law of diminishing returns for gov't. spending/debt/investment.  It may be a "blessing" as one of our founding fathers said, but in a very limited way.  The debate in America over this has largely been a division between those who favor Keynesianism and those who favor no debt at all -- a false dichotomy again.  Even those who favored no debt (supposedly) often wound up supporting a sort of war-Keynesianism which allowed defense expenditures to be almost unlimited (hypocritically, of course).

Oh, David Stockman, where are you now?

Hawking reversal of the Bush tax cuts.

Oh well.

(Bad time for a tax increase IMO.)

  Thanks citizenx.  The liars are everywhere.  I knew you had a better perspective of China being you live in S Korea.

[larsonstdoc]

  The NASDAQ is really taking a dive--off 2.77%.

[citizenx]

larsonstdoc,

Well, I do try to pay attention to the other Asian economies because they are so tied together nowadays.  

As China goeth, so goeth Asia, but as China goeth, so goeth the world at this point FWIW.

Yeah, wow, NASDAQ dropping like a rock.  It will be interesting to see if there isn't another 100 point recovery today like yesterday or if this is it.

[citizenx]

Dow down 2.12 to 10,416.  NASDAQ off 2.92.

[citizenx]

Down 2.2 to 10,410.  NASDAQ down 3.02.

Basically no progress over the last nine months since mid-Nov. 2009.

[tritonman]

The fed said they would take further action and they monitized more debt.  Like they did not know the further erosion of the markets that would  take place.  Oh, that and the SandP just crossed that 1190 holdline for a further decline soon coming to a new low near you.

[TahoeBlue]

DOW -247

http://www.commodityonline.com/news/US-Feds-Mild-Quantitative-Easing-Move-Supports-Gold-30852-3-1.html
US Fed's Mild Quantitative Easing Move Supports Gold
Published on: August 11, 2010 at 11:10
...
Fed officials indicated they would leave interest rates low for an extended time, as widely expected. This in itself is supportive for gold, said George Gero, vice president with RBC Capital Markets Global Futures.

Furthermore, officials said they would reinvest principal payments from mortgage-backed securities in longer-term Treasury securities and also continue to roll over the Federal Reserve's holdings of Treasury securities as they mature.

This is referred to as quantitative easing and a way for policy-makers to boost to the economy further when the target for the federal funds rate is about as low as it can go--zero to one-quarter percent.

[tritonman]

Let the fun continue as they should be back from lunch about now,  If it starts to go it could really  pick up some momentum I believe. Those pump monkees had better hope they had a huge lunch.

[Kilika]

We're seeing noticiably higher prices on food at the stores here. And gas is headed up to. You can't raise prices when people can't buy! That's just stupid economics. Tells me it's all managed. What happend to supply and demand. If less are buying, then why are prices rising?

[larsonstdoc]

We're seeing noticiably higher prices on food at the stores here. And gas is headed up to. You can't raise prices when people can't buy! That's just stupid economics. Tells me it's all managed. What happend to supply and demand. If less are buying, then why are prices rising?

I think Walmart isn't helping things.  Check this article out that was written a couple of days ago. The fix is in.

Food Inflation Coming To A Household Near You, As Wal-Mart Hikes Prices At Fastest Pace Since Early January
Nothing to see here, except yet another sign of the food inflation that's the story of the moment.

To this point, our basket showed a 5.8% increase in average prices at Wal-Mart – which represents the most significant sequential increase since the inception of our study in January 2009. Moreover, we only had one rollback item in our basket vs. four in the June study.

[citizenx]

Dow 10,379 down 2.49.  NASDAQ off 3.0.

Markets are now closed -- after 4:30 p.m. EDT.

[larsonstdoc]

http://finance.yahoo.com/news/US-dollar-falls-to-a-15year-apf-1046973073.html?x=0&sec=topStories&pos=5&asset=&ccode=

US dollar falls to a 15-year low against the yen

TOKYO (AP) -- The U.S. dollar slid to a 15-year low against the yen Wednesday, dragged down by the anemic recovery in the world's biggest economy.

The greenback was quoted at 84.71 yen in London, the lowest since 1995, before recovering slightly to hover under 95 yen.

[Kilika]

I think Walmart isn't helping things.  Check this article out that was written a couple of days ago. The fix is in.

Food Inflation Coming To A Household Near You, As Wal-Mart Hikes Prices At Fastest Pace Since Early January
Nothing to see here, except yet another sign of the food inflation that's the story of the moment.

To this point, our basket showed a 5.8% increase in average prices at Wal-Mart – which represents the most significant sequential increase since the inception of our study in January 2009. Moreover, we only had one rollback item in our basket vs. four in the June study.

I can confirm that as a fact in my area. The increase is obvious.

[Guns Equal Freedom]

Dow 10,379 down 2.49.  NASDAQ off 3.0.

Markets are now closed -- after 4:30 p.m. EDT.

Well, from what I have observed, The Bailout Money seems to have been working because over the past year The Stock Market has seemed to have stayed at 10,000 or over 10,000 for along time now.

It basically has stayed even, and the jobs staying at about 10% shows you that in my opinion.

[citizenx]

Is there such a thing as a triple facepalm?

BTW, real unemployment is closer to twenty.

[America2]

Well, from what I have observed, The Bailout Money seems to have been working because over the past year The Stock Market has seemed to have stayed at 10,000 or over 10,000 for along time now.

It basically has stayed even, and the jobs staying at about 10% shows you that in my opinion.

Sarcasm?

[citizenx]

Yeah, I'm seeing a certain dissonance between "Minarchy" and 27 trillion dollar bailouts (reverse socialism).

It's not just me, eh?

[ekimdrachir]

Gold is back up to the 1200 mark, slightly higher even. Theyre doing all they can to keep it down, but they cant keep it forever.

[citizenx]

Dow down .38% this A.M.  10,339

NASDAQ off .82%

[citizenx]

Dow 10,301

NASDAQ down over 1%

[citizenx]

Dow up 1.41 or so to 10,448 today.

After going down to nearly 10,300 over the last few days.

There's that magic 10,400 again.

Nobody can convince me that this hasn't been finely engineered artificial stasis since mid-Nov of last year.

I think they've got it down to a science -- the PPT or whomever (the banks, perhaps).

I still think it will stay this way until at least fall, barring any major events -- such as an Israeli and/or U.S attack on Iran (which, of course, I can't rule out).

[America2]

Dow up 1.41 or so to 10,448 today.

After going down to nearly 10,300 over the last few days.

There's that magic 10,400 again.

Nobody can convince me that this hasn't been finely engineered artificial stasis since mid-Nov of last year.

I think they've got it down to a science -- the PPT or whomever (the banks, perhaps).

I still think it will stay this way until at least fall, barring any major events -- such as an Israeli and/or U.S attack on Iran (which, of course, I can't rule out).

Sadly, the masses will buy into this hook, line, and sinker at face value, especially if this goes on for some time without anything happening over in the ME.

The NFL season is right around the corner, the baseball season is heading into the playoff stretch, school is starting again, the weather's gonna cool down after a very hot summer, yada, yada, yada...there's nothing to see here! /Sarcasm

[citizenx]

Trading in a very narrow range today.  down .09% to 10,396 from 10,406.

There's that magic 10,400 again.

"Whoa, oh, oh it's magic..."

Ten-four, good buddy.

[tritonman]

Well, from what I have observed, The Bailout Money seems to have been working because over the past year The Stock Market has seemed to have stayed at 10,000 or over 10,000 for along time now.

It basically has stayed even, and the jobs staying at about 10% shows you that in my opinion.

Even with all the money that the fed has been pumping in, the market lost it's entire gains for the year last week,  if that is what you mean by saying that the bailout is working then I see what ya meant.

[citizenx]

Closed up today -- exactly .09%!  Again, very narrow trading range, and again fluctuating right around 10,400.

If I didn't know it was a scam, I would think it was very spooky.

[citizenx]

Down 1.52 to 10,256.

Better call out the PPT again.

Doubt if there will be a major move before fall despite the bad economic news like the jobs report.  Come fall, though, I would look for a big dip.

After Aug. when the kids are back in school and the volumes are back up, I think.

[citizenx]

Closed down. 1.38%.  DOW 10,271.

[citizenx]

After dipping down below 10,000 over the last couple of weeks, the DOW is now back to 10,269.  Up over 2% yesterday.

[citizenx]

DOW 10,320 up nearly half a percentage point yesterday.  Approaching "magical" 10,400 again.

[citizenx]

DOW -- Up 1.23 to 10,446.  And here we are back around the magic number. 

Guess my first instincts were right, no major move before Fall at least, but I would buckle up now.  Only time for, maybe, one more short right before that.

[America2]

DOW -- Up 1.23 to 10,446.  And here we are back around the magic number. 

Guess my first instincts were right, no major move before Fall at least, but I would buckle up now.  Only time for, maybe, one more short right before that.

Give it at least another week or 2, maybe 3 - the NFL season is only a week away...like 2-3 weeks into the season, alot of the masses will be pre-occupied with it, that the NWO may find a golden opportunity then to pull the lever and catch everyone by surprise.

Just hang in there everyone, and stay awake, alert, watchful, and sober. When the fan hits the ceiling, everyone's going to be in for a big surprise.

[citizenx]

First day after labor day. Unofficial start of fall in the U.S.

DOW down 1.02 to approximately 10,340.  Another dip.  Over 100 points.

[TahoeBlue]

First day after labor day. Unofficial start of fall in the U.S.
DOW down 1.02 to approximately 10,340.  Another dip.  Over 100 points.

And Gold hit a new high around 1260
http://www.shadowstats.com/article/hyperinflation-2010


I think the question is have they satisfied their thirst for fleecing the baby boom retirement funds.
Have they lowered the standard of living enough yet?

if not, then expect a continuing spiral downward ... I am sure they have a number in mind.