Correct me if I am wrong here, but in the Futures market (I don't know how to get Forex market quotes) the Euro is open and appears to be tanking. I don't know if that means the dollar will skyrocket when it opens in the middle of the night. The Euro looks like it's been open for a long time and the dollar closed for a long time.
should that turn out to be the case, the homeboys may have bounced already.
One day sometime in the future he'll [Cramer] come blubbering and whimpering on air half naked and smeared with his own feces. It'll be the buy signal of the decade. --PhatBubble
One thing I think is certain. The more the world's central banks act to suppress the cost of long term capital, the more of it the market will demand, thereby keeping upward pressure on yields until the CBs have no choice but to relent. At that point we should see a massive final blowoff similar to that which occurred in 1980 and 1981. --Doctor Stool
In a topsy turvy world, growing more and more insane by the minute, terminal eccentricities, like buying Fanny, are barely noticed--Beardrech
"[George W. Bush] is Woodrow Wilson on amphetamines." --Patrick J. Buchanan
"I simply don't know where the money is." --John Corzine
Don't let anyone tell you that someone at FEMA wasn't thinking ahead. On their web site, FEMA has a cute little song (with audio) designed for "Kidz", as they put it, sing-songing about FEMA and disaster planning.
It's called the "FEMA Rap":
"Disaster . . . it can happen anywhere, But we've got a few tips, so you can be prepared For floods, tornadoes, or even a 'quake, You've got to be ready - so your heart don't break.
Disaster prep is your responsibility And mitigation is important to our agency.
People helping people is what we do And FEMA is there to help see you through When disaster strikes, we are at our best But we're ready all the time, 'cause disasters don't rest."
Don't know that i've ever heard the word "mitigation" used in a children's song, but hey, maybe kidz is a lot smarter these daze. Maybe they can change the wording to "obfuscation" or "rationalization".
DMM - this link and clicking through them had me laughing out loud so much, the laptop on my knees was vibrating.
I clicked at the "FLOODS" part of it. Here is the FEMA kids story called "RIVER RISING":-
Julia looked out the window.
"Is it ever going to stop raining, Grandma?" she asked. It had been raining hard for three days. "This was supposed to be a vacation."
"I hope it ends soon," Grandma said. "I don't know if the Acorn River can take much more."
Grandma looked worried. Most of the time, the Acorn River was a nice, slow river, lazy as a cat in the sunshine. Now it was full and raging.
"But Grandma," Robbie said. "we're pretty far from the river."
"You're probably right," she said. She didn't want to seem worried in front of the children. "Are you ready for lunch?"
The twins went into the kitchen to help Grandma make tuna and grilled cheese sandwiches.
But still the rain fell, even past dinner.
That night the weatherman on the television was serious. Usually he wore a funny tie and made jokes. He didn't joke now.
"The river is approaching flood stage," he said. "The Army Corps of Engineers is sandbagging along the shore."
"Oh dear," said Grandma and she started to rub her hands together, which she did when she was really worried.
"Is that bad?" Julia asked. "What does sandbagging mean?"
"I know," shouted Robbie. He was always trying to prove he was smarter than his twin. "It means putting sand in bags!"
Julia scowled. "I knew that! But why?"
Robbie started to answer but no words came out of his mouth. Finally, he said, "I don't know why."
Both Grandma and Julia laughed because Robbie looked like a funny fish with his mouth opening and closing. When she stopped laughing, Grandma told them the sandbags would be stacked along the river to keep the water from flowing into the town.
"Then we'll be safe," said Julia hopefully.
"Probably," said Grandma. "But we need to be prepared. This area flooded many years ago, when I was a little girl."
"What should we do?" Julia asked.
Grandma said, "The water can rise very fast in a flash flood. We need to be ready to evacuate, just in case."
Julia and Robbie looked at each other. This was serious.
"We'll help," Julia said. She definitely didn't want to be swept away. The thought made her shiver.
"Pack a suitcase with things for a few days," said Grandma.
The twins went into their rooms and packed clothes and shoes. They didn't forget their toothbrushes.
"Can I bring some toys?" Julia asked.
"By all means," said Grandma.
Grandma packed a suitcase, too. In addition to clothes, she made sure she had important papers, jewelry and heirlooms like her wedding album and an antique quilt.
Soon they were done. Then Grandma instructed Julia and Robbie to gather flashlights, batteries, a first aid kit, a battery-powered radio, canned food and a can opener. Grandma also found the small cook stove in the camping gear, and then she did something funny.
"Grandma!" Julia shouted. "What are you doing?"
She was filling empty plastic soda bottles with water from the tap and putting them in a cooler.
"It's important that we have a supply of water," she said. "We don't know what may happen."
Their supplies formed a small pile in the living room. Grandma turned on the radio so they could hear important news.
"Now get some sleep," Grandma said.
Julia and Robbie thought they would have trouble sleeping, but they were so tired from gathering all the disaster supplies that they fell fast asleep. Grandma woke them up at dawn.
"It's time to go," Grandma said. "We're being asked to evacuate."
Julia and Robbie were scared and excited at the same time.
Grandma put their suitcases and disaster supplies in the car. She had the twins' dog, Skipper, on a leash and extra food for him. They all got in and Grandma drove out of the driveway. Other families were doing the same thing.
It was still raining.
"I don't see anything," said Julia. "Where's the water?"
"It's still far away, but it's spilling over the sandbags," Grandma said. "But not to worry. We evacuated in time. Sometimes people wait. That's not smart. Even six inches of water can sweep a car away."
Grandma had grown up along the river. She knew all about flood safety.
We're going to go into the next town," she said. "There's a Red Cross shelter there. We'll stay there for a few days until the water recedes."
"And Skipper, too?" Julia asked.
"I've made arrangements for Skipper," said Grandma. "He can't stay at the shelter, but there's a nice kennel in Porterville where he can stay until we can take him home."
"But what about the house?" Julia asked. She was almost in tears. "What about your nice house?"
Grandma stopped at a red light.
"Don't cry, honey," she said. "I have all the important things with me - you two and Skipper and my heirlooms and papers. I don't keep important things in the basement because it might flood. And my utility box is upstairs, away from the water."
"You're great, Grandma," said Robbie. "You know everything."
"I even have flood insurance," she said, with a smile.
Grandma drove for a while, leaving the river far behind. Then she turned the car into the twin's favorite diner.
"Anybody ready for breakfast?" she asked.
The twins didn't have to be asked twice. They could almost taste the pancakes now. And then Julia realized something.
"It stopped raining," she said. "Finally!"
Not quite as good as the vignettes about Easy Al but hey, I didn't compose this
Good read. Of course the gov't intervenes all the time buying stock index futures to prop up the U.S. stock market. It's completely controlled for political purposes and to further enrich insiders.
As a bear, my only hope any more is to profit from those times when, just for the sake of making a show to appear that it's a free and fair market, they occasionally let it fall of its own weight.
And I can dong for short-term scalps when I see them coming, like usually around 2:15 to 2:30 on afternoons especially Friday, and less often (but bigger gooses when they do it) around 3AM. And anytime honest bad news threatens to leak out, that's always good for a goose.
We live in the most financially corrupt time in history, with a gov't manipulated stock market that's all a big show, and a currency backed by nothing but CONfidence. It's all a scam, and there's no way for the average schmuck to know how much undocumented currency is being printed and distributed to gov't insiders, nor how much wealth is being secretly created for gov't insiders via silent computer keystrokes at banks. We can only measure it indirectly by watching inflation in the prices of everything, because that's the result of all the secret moneymaking.
It's at least partially possible to follow the billions being routinely pocketed by corporate stock option insiders, but even there who knows for sure. And of course all their balance sheets and income statements are bogus. That is, those that even bother to report anymore, some like Fannie don't, and no one is allowed to say anything about it, because the fraud is so enormous.
One more thing -- even the author of that article got caught up in the groupthink at the end, saying well I guess it's OK in special crisis situations. If he'd think it through he'd realize that all short-term bogus interventions have long-term negative consequences. People playing along and profiting today are screwing their children, and maybe themselves if they live long enough to see it all unwind.