+242 on Bloomberg.
May be one last good chance to get out
Have read the smart money is gone already
You gotta figure the Chinese PPT is raiding the couch cushions for change pretty soon and our PPT, even with a now unlimited debt ceiling , may actually be composed of humans who will get cold feet once issued their bunker passes
/s
Calm before the storm
how come its showing -300 for me?
Odd, since the news of China cashing out some $94-115 billion...
The Numbers Are In: China Dumps A Record $94 Billion In US Treasurys In One Month
http://www.freerepublic.com/focus/f-news/3334052/posts
The first string is back on the field
No disrespect to my father who died some 15 years ago.
He was on his death bed in the hospital. He wanted to try to sit up. We helped him. Once he was sitting, we let go of him. As soon as we did, he started to lose his balance. His eyes went wide. His face was instantly animated with fear. Whatever reserves he had, he spent them in that moment to right himself. We helped him to return to a reclining position. That display of energy was his last. He fell asleep that evening and never woke up. He breathed his last the following morning.
I am watching the markets and remembering my father. The stories of their last days are the same.
The Commies pumped their state owned banks and financials full of Chinese taxpayer money, buying up all their shares during the close of their markets. It had been crashing steadily all night. Perhaps that is what is causing the lemming like reaction in our market today? But then China also released new data showing their imports and exports are even worse than predicted.
Our markets also seem to show this late-stage ramping up pattern, actually matching the markets in China very well which we know has state manipulation, which makes me wonder whether the US also has its own “plunge protection team” working to skew our perspective of the economy.
Spasms in the morning, slumps in the afternoon.