Dislikedwell dont play strip poker with him, cause you will be staring at a naked fat panda...Ignored
starting buying XOM 55 oct2011 puts today (.33)
- #6,722
- Sep 1, 2011 12:33pm Sep 1, 2011 12:33pm
- Joined May 2008 | Status: Voodoo Lotions & Potions | 26,565 Posts
lol, looks like the panda just smoked a fattie...
- #6,723
- Sep 1, 2011 12:34pm Sep 1, 2011 12:34pm
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
Look Sharp/Trade Tight
- #6,726
- Sep 1, 2011 12:38pm Sep 1, 2011 12:38pm
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
Look Sharp/Trade Tight
- #6,728
- Sep 1, 2011 12:40pm Sep 1, 2011 12:40pm
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
Look Sharp/Trade Tight
- #6,729
- Sep 1, 2011 12:44pm Sep 1, 2011 12:44pm
- | Joined Jan 2011 | Status: Trader | 2,078 Posts
I originally was going to post this on Redux, but at the last minute did it here, even though, now, I guess if things aren't Interactive, they don't belong. 
The Fed watching pundit quote of (so far) today is:
"Even the most die-hard bear[s] ... have to resign themselves to the fact that this Fed will enact QE3 at its earliest possible convenience."
I even spent a little time trying to figure out which under the radar route they are going to use. Others just say they'll just do it at the next meeting so nobody can get confused.
But now, I'm not so sure.
The first reason is exactly that everybody knows it's going to happen. And we all know what happens whenever everyone knows something is going to happen.
The second reason is the Fed's weapons, in order of potency, are: jawboning, moral suasion, and monetary policy. I have to believe that even the wizards running the store must now understand that more printing isn't going to do anything for the real economy, even while it helps keep our last remaining bubble (and the compressor units, aka the banks) inflated. So it's a bubble we're talking about, and bubble participants have never been bothered with realities. In that case, talk and promise is every bit as effective as really doing. Ask Bernanke's predecessor, the Great Charlatan.
In spite of that, I admit that up to last night, I saw all the other sheep running towards the green pasture they know must be just over the hill, and my bovid instincts were demanding I run along, even though the grass on this side of the rise looks pretty sparse. Then I saw this op-ed by Sen. DeMint. He says that thanks to the Bloomberg FOIA action, Congress knows the under-the-radar flight plans the Fed used for full extent of the painting last time, and they know what to watch for, and are.
The Fed is to political spotlight what Count Dracula is to sunlight.
If they do this, for starters, they're going on the carpet on the Hill. It would provide the Republicans with a chance to paint themselves as defenders of the people against the evil enablers of Wall Street, and you can bet they'd jump at that.
If they do this, it's not inconceivable that any Republican candidate who's name doesn't rhyme with (as opposed to, perhaps, being described by) "twit" might run with an "abolish the Fed" plank in the platform. Rick Perry, who many paint as dumb, has in fact never lost an election, and he set the political tone with his "treason" remark.
This is not done deal.
The Fed watching pundit quote of (so far) today is:
"Even the most die-hard bear[s] ... have to resign themselves to the fact that this Fed will enact QE3 at its earliest possible convenience."
I even spent a little time trying to figure out which under the radar route they are going to use. Others just say they'll just do it at the next meeting so nobody can get confused.
But now, I'm not so sure.
The first reason is exactly that everybody knows it's going to happen. And we all know what happens whenever everyone knows something is going to happen.
The second reason is the Fed's weapons, in order of potency, are: jawboning, moral suasion, and monetary policy. I have to believe that even the wizards running the store must now understand that more printing isn't going to do anything for the real economy, even while it helps keep our last remaining bubble (and the compressor units, aka the banks) inflated. So it's a bubble we're talking about, and bubble participants have never been bothered with realities. In that case, talk and promise is every bit as effective as really doing. Ask Bernanke's predecessor, the Great Charlatan.
In spite of that, I admit that up to last night, I saw all the other sheep running towards the green pasture they know must be just over the hill, and my bovid instincts were demanding I run along, even though the grass on this side of the rise looks pretty sparse. Then I saw this op-ed by Sen. DeMint. He says that thanks to the Bloomberg FOIA action, Congress knows the under-the-radar flight plans the Fed used for full extent of the painting last time, and they know what to watch for, and are.
The Fed is to political spotlight what Count Dracula is to sunlight.
If they do this, for starters, they're going on the carpet on the Hill. It would provide the Republicans with a chance to paint themselves as defenders of the people against the evil enablers of Wall Street, and you can bet they'd jump at that.
If they do this, it's not inconceivable that any Republican candidate who's name doesn't rhyme with (as opposed to, perhaps, being described by) "twit" might run with an "abolish the Fed" plank in the platform. Rick Perry, who many paint as dumb, has in fact never lost an election, and he set the political tone with his "treason" remark.
This is not done deal.
- #6,732
- Sep 1, 2011 12:46pm Sep 1, 2011 12:46pm
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
Look Sharp/Trade Tight
- #6,733
- Sep 1, 2011 12:47pm Sep 1, 2011 12:47pm
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
Look Sharp/Trade Tight
- #6,735
- Sep 1, 2011 12:50pm Sep 1, 2011 12:50pm
- | Joined Nov 2010 | Status: still a Probie!!! | 3,104 Posts
Evening Bastards
how is everyone.. looks like i missed all the fun rides
lol, looks like the panda just smoked a fattie...
- #6,737
- Sep 1, 2011 12:51pm Sep 1, 2011 12:51pm
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
Look Sharp/Trade Tight
- #6,738
- Sep 1, 2011 12:51pm Sep 1, 2011 12:51pm
- | Joined Nov 2010 | Status: still a Probie!!! | 3,104 Posts
ever tried to crush em, mix um and sniff em altogether?
That is serious, you are talking to yourself,you want my pill ,I have red and blue? )
- #6,739
- Sep 1, 2011 12:53pm Sep 1, 2011 12:53pm
- | Joined Oct 2007 | Status: Trader | 2,760 Posts
Evening Bastards
how is everyone.. looks like i missed all the fun rides
- #6,740
- Sep 1, 2011 12:53pm Sep 1, 2011 12:53pm
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
Look Sharp/Trade Tight