Slaughter House opened.........

How do you want your steak?

a) Well done
b) Medium Rare
c) Rare
d) Raw

I choose (d).

y today drop so much? any reason?

It actually started yesterday night after Fed meeting. This morning, we got worst than expected PMI data from China, that scare a lot bulls and Euro immediate tanks. When US sees Euro tanks, it follows now.

$VIX spiked above 40.. the sell algo blasts off.

This post has been edited by danmooncake: Sep 23 2011, 01:25 AM

i sold 50% of my non performing stocks 2 weeks back..........still holding the long term ones

i wanna bloody raw........

rebounce may b tomorrow..

TECHNICAL REBOUND MAYBE.

If there is one.. just sell into the rally at the 20MA.

seems like no rebounce this time..

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Added on September 23, 2011, 8:19 pmy gold drop so much?


This post has been edited by epalbee3: Sep 23 2011, 08:19 PM

Gold being liquidated because of recession fear. Cash is King. USD and YEN rule.

then y US does not want to do UE3 but extends the bond duration and lower the interest?

Look at the yield curve. US Fed now punishing the banks. Sell all banks.. and stay away until smoke is clear.

Buy Long-Dated Treasuries? Goal is to fuel housing, other long-term buys, but policy fizzled in ’60s

A sharply divided Federal Reserve is expected to take modest steps Wednesday to bolster stagnant growth and hiring amid European debt woes.
The efforts likely won’t have a dramatic impact, analysts say. But inflation concerns may preclude stronger medicine, and in any case prior doses of shock and awe easing didn’t result in a self-sustaining, robust recovery.

The Fed will most likely sell or reinvest short-term bonds on its balance sheet and buy long-term debt to bring down interest rates for home loans and encourage other long-term investments, economists said. The tactic, dubbed Operation Twist, would give the central bank a way of trying to stimulate the economy without adding to its $2.8 trillion balance sheet. The Fed has expanded its balance sheet in two rounds of debt purchases, a process known as quantitative easing, which has kept rates low but also fueled inflation fears.

“It would be very difficult for them to contemplate a QE3 at this point,” said Keith Hembre, chief economist at First American Funds, “because the inflation backdrop is very different from when they instituted QE2,” a $600 billion bond-buying program, in November 2010. Fed chief Ben Bernanke has said that a third round of asset purchases would depend on further deterioration in the economic outlook and a renewed risk of deflation. But the economy, though weak, shows little sign of faltering and inflation has picked up.

An unusually large number of policymakers—three—dissented from the Fed’s pledge last month to keep rates near zero for two more years. They argued that Fed stimulus has done little more than boost commodity prices and could cause inflation to soar as the economyrecovers. The central bank’s task is complicated by its dual mandate to ensure maximum employment and price stability. With the jobless rate at 9.1%, some policymakers say the Fed must do more, especially because Congress seems dead set against further government stimulus.

“The Fed’s legally bound to do what they can to maximize employment consistent with price stability,” said Jerry Webman, chief economist at Oppenheimer-Funds. “They’ve got to do what’s required of them to encourage additional employment.” But many economists, including
some Fed policymakers, say that the central bank’s money printing has done little to increase jobs and wages. “Look at what all they’ve done
so far, and unemployment has been in a range of 8.8% to 10% over this period,” Hembre said.

Treasury rates already are near 60-year lows, while housing activity remains weak. Housing starts fell 5%in August, the Commerce Department said Tuesday. Twist’s Checkered Past. As for Operation Twist, tried during a recession in the early 1960s, “the general opinion was that it wasn’t effective,” said Richard DeKaser, an economist at the Parthenon Group. Webman added that Fed policies don’t necessarily encourage
people to take risks by hiring people. “This is not a monetary policy problem right now,” he said.

Nevertheless, with Congress opposed to more spending, economists say pressure is on the Fed to do something after the economy slowed to a crawl in the first half of the year and Europe’s debt crisis deepened. “Developments in Europe are going to weigh heavily on their deliberations,” DeKaser said. “Arguably that’s the biggest uncertainty hanging over the global economy at this time, and it’s clear that monetary policy will be mindful of those developments.” He added, “There’s tremendous diversity of views at the Fed, which makes coalescing around a single policy difficult.”

the gold keep on dropping but DOW stay little green ---- The total peace before the real storm.. keep eyeing

Someone wrote

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Added on September 24, 2011, 8:21 amCME Group Raises Comex Gold Margins By 21.5%, Silver Margins By 15.6%

23 September 2011, 4:55 p.m.
By Debbie Carlson
Of Kitco News
http://www.kitco.com/

(Kitco News) - The CME Group is raising the margins needed to trade Comex gold and silver futures are being increased by 21.5% and 15.6%, respectively, and the change will take effect after the close of business on Monday, the exchange said late Friday in a press release.

The exchange is also raising copper futures margins by 17.6%.

The move by the CME Group to raise the margin needed – also known as performance bonds – to trade gold, silver and copper futures on the Comex division of the New York Mercantile Exchange comes as prices for the metals plunged during the past two days as part of a sell off in financial markets in general. The CME Group is the parent company for the Comex and Nymex.

The CME Group raised margins in other markets on Thursday and on Friday it also announced higher margins for long-term U.S. Treasury bond futures.

This post has been edited by prophetjul: Sep 24 2011, 08:21 AM

Big-Growth Markets Suffering Most In Rout

Emerging markets have long been the source of plenty of high growth stocks. As it turns out, the very same markets also can lead the world ont he way down. Asian stock indexes fell again Friday, although on the whole the pace of losses is easing.

Hong Kong’s Hang Seng index fell 1.4% and closed in the upper third of its range. Volume climbed compared to Thursday’s pace, which saw a gap-down 4.8% loss. The Singapore Straits Times index put in a similar performance.
It fell 2.5% Thursday, then gapped down Friday and ost 0.8%. But that index closed near the day’s high after paring a loss as bad as 2.3%. Australia’s All Ordinaries index, which fell 2.6%Thursday, lost 1.6% Friday.

But some of Asia’s major markets got no reprieve Friday. The Korean Composite Stock Price index dived 5.7% Friday, leaving a nasty gap in its wake and ending at the day’s worst price. Thursday’s loss came to 2.9%.
The Taiwan Stock Exchange Weighted index fell 3.1% Thursday and 3.5% Friday. The index’s chart shows two downside gaps in the past two days.

Paris and Frankfurt’s benchmark indexes managed small gains Friday after Thursday’s losses of 5.3% and 5%, respectively. Brazil’s Bovespa dived 4.8% Thursday, but on Friday managed to post a minuscule advance. Should investors be heartened by Friday’s mostly slower pace of losses? That would be a real stretch.

Every major bourse is in deep correction mode. Year-to-date losses are steeper abroad than in the U.S. The worst among the major markets this year are found in Paris and Frankfurt, the heart of the euro zone crisis. Those stock gauges have dived 26.1% and 25.3%, respectively, through Friday’s close.

The next-worst appear in Hong Kong (off 23.3%) and Mumbai (off 21.2%). Oddly, the Shanghai composite, a mostly locals-only market, has ceded just 13.4%. That is among the mildest losses seen among major foreign markets so far this year. TheShanghai’s decline is on a par with those seen in Singapore (off 15.4%), Tokyo (off 16.3%) and Sydney (off 16.6%).

So far, the U.S. indexes have logged losses that, compared to foreign results, are quite mild. With Friday’s close, the Nasdaq stands 6.4% below its New Year’s Eve close, while the S&P 500 has lost 9.6%. Bear in mind that these are stock indexes. Year-to-date losses among benchmark exchange traded funds are more severe. Some are staggering.

By that gauge, the worst is the Guggenheim China Small Cap HAO, which has crashed 36.8%. Well, Chinese small caps have had their own special problems this year. But China’s big-cap index has lost 25.1% this year. Korea is off 23.7%. And look at the major-market ETFs that have lost more than 30%: Brazil, Russia and India. Along with China, these are the core of the emerging-markets boom.

One by one, the world markets are dropping into bear territory.

I don't think US market could escape this.. I think it will skim the surface here and drop into it.
The reaction could be pretty violent if SP500 1101 breaks. It could get there within one trading day with just
another 3.5% drop. I'll be adding more to my puts if 1101 breaks.

Next week could be really really interesting as it is end of the month, yet another record of worst month of the year
for bulls, best month yet for bears.

Get ready folks... this could be really interesting show.

my GOLD and SILVER tanked heavily.

No mood to login and check.

AGQ alone is down by 115$ per share since i bought.

Looks like 2008 all over again..........or at least made to look like that

ALL ASSET class sell off into the safe haven called







USD!

Dow Jones Head and Shoulder Pattern Bear executed. Potential drop below 10000 until 9500..

Scary...

http://edwinextremebullrun.blogspot.com/20...er-bearish.html