Where are all the bears now?

[FxTrader]

Old news. Small stuffed city. Next.....

Old news for Detroit perhaps, but municipal bankruptcy is set to gain pace in the U.S. The equity investor wonderland that has been created by the Fed may last for awhile yet but when the music stops the informed (and indsider) investors will have left the game. It may be prudent to buy long dated put options over equity positions while they are still cheap and volitility low.

 

[explod]

Benny Boy is human after all, a few too many slugs of whiskey and out comes the real story.

Helecopter Ben is a Bear

Claiming he wasn't afraid to let everyone in attendance know about "the real mess we're in," Federal Reserve chairman Ben Bernanke reportedly got drunk Tuesday and told everyone at Elwood's Corner Tavern about how absolutely ****ed the U.S. economy actually is. Bernanke, who sources confirmed was "totally sloshed," arrived at the drinking establishment at approximately 5:30 p.m., ensconced himself upon a bar stool, and consumed several bottles of Miller High Life and a half-dozen shots of whiskey while loudly proclaiming to any patron who would listen that the economic outlook was "pretty goddamned awful if you want the God's honest truth." "Look, they don't want anyone except for the Washington, D.C. bigwigs to know how bad **** really is," said Bernanke, slurring his words as he spoke. "Mounting debt exacerbated””and not relieved””by unchecked consumption, spiraling interest rates, and the grim realities of an inevitable worldwide energy crisis are projected to leave our entire economy in the ****ter for, like, a generation, man, I'm telling you."

From Zero Hedge today.

 

[wayneL]

Benny Boy is human after all, a few too many slugs of whiskey and out comes the real story.

Helecopter Ben is a Bear

I suddenly like him

 

[Aussiejeff]

I suddenly like him

Apparently, so do many of the opposite sex..http://en.mediamass.net/people/ben-bernanke/sexiest-alive.html

 

[Smurf1976]

When people get drunk they let their guard down. And then the truth comes out. Seen that one plenty of times.

The only real question is how long the game can be kept going. Debt could theoretically be written off and "start afresh" since it is ultimately just a human construct rather than a hard physical limit. But the energy situation can only be fixed by real, physical actions and that's a massive task that is currently being largely ignored.

 

[Uncle Festivus]

Benny Boy is human after all, a few too many slugs of whiskey and out comes the real story.

Helecopter Ben is a Bear

From Zero Hedge today.

Too bad it's not true though - it's from The Onion 2 years ago, responsible for gems like this -

Markets In Turmoil As Price Of Money Skyrockets To $90 A Dollar

http://www.theonion.com/articles/markets-in-turmoil-as-price-of-money-skyrockets-to,32939/

 

[Trembling Hand]

Too bad it's not true though - it's from The Onion 2 years ago,

Yeah that doesn't matter to explod though. ITS ON THE INTERNET!!!!

 

[Uncle Festivus]

Bots by Bernanke buy better bulls? Who needs humans?

 

[Uncle Festivus]

Might be hearing a bit more about these - interest rate swaps - a $300Trillion market?

..........................

If holding companies are now on the wrong side of that trade, that would mean a rash of collateral calls. The 10-year treasury swap rate has seen, by far, the most significant upward movement since the taper talk began. It was such a dramatic move that it would seem that some traders are being forced out of their positions and into more netting at the margins; that is to obtain an opposite trade to extract oneself from the original position.
.....

But the derivative markets are far different. Rising interest rates can and likely already have reduced liquidity through the same process that destroyed bank liquidity in 2007 - collateral calls. With so much of this both OTC and inside the opaque world of bank holding companies, we will have absolutely no idea how much impact interest rates can have, and neither will regulators directly.

..........................

http://www.realclearmarkets.com/articles/2013/06/14/the_new_crowded_derivatives_trade_100401.html

What market isn't manipulated? What else will/can they get away with? They will either be eventually jailed or justice will be delivered by the citizens.................

US regulators 'find evidence' of banks fixing derivative rates

US regulators have reportedly been handed evidence that traders at some of the world’s biggest banks manipulated a key rate for derivatives, pocketing millions at the expense of pension funds in the process.

The Commodity Futures Trading Commission (CFTC) is probing 15 banks over allegations that they instructed brokers to carry out trades that would move ISDAfix, the leading benchmark rate for interest rate swaps.

http://www.telegraph.co.uk/finance/...vidence-of-banks-fixing-derivative-rates.html

 

[Uncle Festivus]

I've been hibernating - have I missed anything



Do bulls get dandruff?

 

[Knobby22]

Hitting a wall.

 

[Uncle Festivus]

The Fed's head & shoulders 'free' market.........

 

[Trembling Hand]

The Fed's head & shoulders 'free' market.........

View attachment 55457

Yep thats the game, but when it stops there will be another one.

 

[Uncle Festivus]

Yawn.....awakening......capitulation......crowded trades on the way up.........deep pockets needed on the bid this time though......

 

[explod]

Don't know really, Dow could run towards 30,000 by christmas, plenty of free money and dud gold bars turning up at the Canadian Mint.

"Move along Son, nothing to see here"