After Hitting 3 Year High, AAII Bullish Sentiment Plunges By Most In 2 Years

Tyler Durden's picture

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TrafficNotHere's picture

GM IPO, need to get the hype going so it makes Obama look good.

TooBearish's picture

GS et al have billions of stk they bought on swap to make room fer GM IPO to distribute at these higher prices...what a great country....sell

SheepDog-One's picture

Sell everything, stockpile what youll need.

greenewave's picture

To find out more about the Imminent Collapse of the Global Economy, watch this video "Wall Street Thieves, Bailouts Galore, Broken America" at (http://www.youtube.com/watch?v=I93dzfs8WIc).

by Anonymous

The United States economy is rotten at the core and has been stolen from the American people by the Wall Street Thieves that drove the Titanic into the iceberg in the first place!!

Joe Grannville's picture

Knight Research' Stunning Call: "The Game Is Over"  Yesterdays headlines.

 

Today  Market up 1% in pre-market trading!

hedgeless_horseman's picture

I feel ill as I watch the screen this morning.  Our once great country, now run entirely on horse shit.  Thank goodness I am long horses.

SheepDog-One's picture

The complete corruption is disgusting isnt it Joe? Or are you 'trading it'?

yipcarl's picture

Joe...the market went down almost 7 days in a row, just because it's up 1% today means NOTHING.  IT's a retrace in a downtrend, at least for now.  Plus the gov't is pulling out all the stops to make their charade look good.  GM.

Joe Grannville's picture

All I know is I picked a bad day to stop drinkin' cough syrup.

Bill Lumbergh's picture

The market was oversold and we were due for a bounce...plain and simple...what happens after this bounce remains to be seen.

Vampyroteuthis infernalis's picture

Bill, you are correct the market was slightly oversold. If the market has sold more than it did, it would have been just a correction. Since the market is bouncing back as it did, much greater rumblings are going on.

Bill Lumbergh's picture

From a technical standpoint the indices have run up on low volume and have gaps everywhere (especially the NASDAQ) so if this is the beginning of a new move up the foundation is built on quicksand.

wiskeyrunner's picture

My goodness the magic futures worked there magic overnight, presto magic markup for all stocks.

jory's picture

Does this mean I should buy gold?  LMFAO!!!!!!!

Silverhog's picture

Oh boy it's time, all on board the GM IPO cruise ship to nowhere.

MeTarzanUjane's picture

Some say that doing the opposite of what the cult leaders tell you to do will earn hansom rewards.

DollarDive's picture

Nice chart on European Bank holders of periphery (Ireland, Portugal, Greece)

 

http://2.bp.blogspot.com/_boO_BV8n9ko/TOU5mGr2jZI/AAAAAAAAIUc/5J0fsEPSVTg/s1600/1dmp.JPG

yipcarl's picture

Really?  I guess it didn't account for today? Market up 100, ummm, on what?  O yea POMO, artificial buying indirectly buying securities in a 'free market'.  I almost forgot.  This indicators mean nothing.  When the powers that be get short that's when the market will fall and not one second before.  All these indicators can be toyed with.  The job report has come in like 2-6k jobs better every month.  YEA sure.  lies.

Crispy's picture

These are the moves in sentiment you get when no one can value anything.

 

got bots?

Joe Grannville's picture

Based on this article I'm going to sell everything!

NOT!

 

goldmiddelfinger's picture

Your monkey died. Musta been the steak tar-tar

Joe Grannville's picture

No.  He died laughing when I lined his cage with print-outs from this website.

DollarDive's picture

HFT computers running at high speed creating huge volume in GM trading it back and forth for $0.00000000009 creating the illusion of volume - give Obama a pocket rocket

notadouche's picture

As they are all backslapping and blowing themselves over the GM deal and how great it was to bail them out I find it revisionist of how the unions and GM and liberal media has somehow forgotten the bailout of GM was Bush's idea.   I hated it and think it nothing to be proud of but you really can't ignore facts, can you?  Well I guess we can in america.  Unions never said thank you to Bush.  Of course they also neglect to admit that GMAC had as much to do with bogus mortgages as anyone yet that hardly ever gets mentioned either.  They are never id'd as evil bankers.  BofA must need a union and then they would be in so many folks cross hairs.  I have to GM cars and I wish this thing would be a total flop but when you get the benefit of a stacked deck it's hard for the house to lose.

RobotTrader's picture

NTAP "shanked and cranked".....

The PigMen love this play.....

tewkatz's picture

Relaaaax...Gentle Ben-evolent rests his hand gently yet firmly on the helm.  Market-force waves may crash 'round, but fear is unfounded.

...---...

PeterSchump's picture

No worries, the dollar is down and the market is ramping.

TheProphet's picture

About two months ago GM bought Americredit... a subprime auto lender based in Fort Worth TX. They did this because they understand the ultimate truth: YOU CANNOT MAKE MONEY SELLING CARS. YOU CAN ONLY MAKE MONEY FINANCING THEM.

Take a look at Toyota. Last year, pre-recall, something on the order of $1.6 billion in profit. But a $2.6 billion profit at financing division... and a $1 billion loss in manufacturing.

Printfaster's picture

Prophet, the idea that you can make money on sub prime finance in cars is about as good as the money made by Novastar in housing sub prime finance.  Then there were Fannie and Freddie.

Basically finance is good while it lasts, but it does not last.  Especially sub prime.

 

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