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On The May 6th Anniversary, Stocks Are Now On The Edge, And Dumping Fast
We may be about to see how much has really changed in the one year since the first and certainly not last flash crash.
Luckily, Waddell and Reed is under strict regulatory supervision right now so really, there is no risk.
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Don't blow this one. BTFD.
NFLX is up!
So is CMI ALB SHS GRA HUN and 100 other cyclicals
Tyler,
Nothing has changed...save for one thing I can see tonight. VIX has misplaced it's true value by a standard FUBAR deviation of about 9.
Commence the Plunging and Screaming phase of this Skynet market.
Good grief [and by that I mean...is it even possible to further destroy this market's cred?]
There is a glitch in the Matrix.
It's not a glitch. An email went to the PPT telling them to allow the equities markets to drop another 70 points, as it "looked suspicious". Now that it has dropped 70 points, the slide has been halted.
Buy The Dip, Bitches!
Cinco de Mayo. BTFM
Ethiopian Independence Day too! - http://www.youtube.com/watch?v=W4vllQV-KHQ
Also, Ron Paul money bomb for today's presidential debate - www.ronpaul2012.com
And my Birthday bitchez.
Happy Birthday!!!
Happy Birthday, Dick!!
If another flash crash materializes tomorrow, then anyone left in the markets on May 7th is a brain dead moron who deserves to lose everything.
I hope the whole system flash crashes, especially Corp bonds.
Liquidity IS the premium.....
Oh, the humanity!
Just highlights the sham that markets have become. The silver weekly chart looks horrendous. Jim Rogers meet parabolic.
Silver, bitchez!!!
Now down 30% in 7 days and 12% today.
Hamy... in case you have not noticed, everything's down.
Please take your head out of your ass before you suffocate.
TrollInc is bullish. Hamy achieved over 280 junks in another thread, and now tries to top it. May be a bubble.
I'm proud to say that I was junk-280 on that post!
Down 30% in 7 days only matters if you bought in 7 days ago. But you already knew that because you're really smart.
Actually, he's functionally illiterate
BTW, Maria et al are starting to pee pee in their pants as the market dives...
Everyone who bought silver EVER bought at peak. At least according to our local need-a-bridge-to-guard population.
I bet you were unloved as a child.
"the first and certainly not last flash crash."
i assume you are referring to the 1st and certainly not last MARKET WIDE flash crash. afterall, there are flash crashes almost daily in select equities.
wow!!!!
any stop has been taken away.... people are switching off mobiles and are praying in the toilets to avoid receiving margin calls
What's a margin call?
Credit issued by brokerages with even worse interest terms and conditions than Capital One Credit cards given to University Students.
Bahahaha! Thanks, I was kidding really, that game is not for me. I'm a physical guy, bought most in 2009. It's been fun, this party, but now it's time for Mr. Toad's Wild Ride. Was that an E ticket?
Careful Upswaller, your age is showing ;-)
someone tell me whats the reason for the DOLLAR JUMP??
Good times are here again...naw just fucking with you...no clue why the market doesn't what it does in terms of valuation anymore. You are as much in the dark as the rest of us.
Here have a beer...we are sitting on the deck watching the world burn.
Cinco de Mayo.... I'm having a margarita instead
just a guess.... but nowhere else left to go.
How much further could it reasonably be expected to fall and be an investible asset? Plus the powers that be are in squashing commodities by every available means.
Eurozone weakness. Higher interest rate chatter. People actually believe that QE is ending. Stupid people do stupid things, and you need to get out of their way when they do.
Dangerous trade to go back into the dollar, but everybody seems to be doing it.
Paper gold =/= physical gold.
Don't get caught holding paper when the music stops.
"Actually the music has stopped already" ~ George Soros
It's Euro's time to go down this and next month.
Our man in Europe. Isn't it all just a riot?
Trichet was dovish on rates in Europe. He also seemed to challenge Bernanke and Geithner to live up to their strong dollar rhetoric. With the economy in Germany taking a turn for the worse, I believe that we are starting to see a concerted effort by Europe to weaken the Euro.
Why the dollar jump? You're kidding right?
Let's see... Hmmm. Gold/silver/oil take a dump and the dollar has to do... what?
Seeing as how all this is valued in dollars. Sorry for being Mr. Obvious.
My take: It's all about oil anyhow. There is an intolerance for oil at the highs causing economic grief. Some behind-the-scenes arms were twisted and that "speculative premium" was removed. All the commodities have to follow suit or there would be a huge eyebrow raising that even the common fella would understand. The consensus that the gov't can't do anything right has just seen what the gov't can actually do when the right people are squeezed -- hard.
They lifted silver margins to burn investers. Many burnt investers responded by liquidating all their investments out of commodities into USD - once bitten, twice shy.
The commodity margin changes are probably forcing people to raise money by selling stocks. Law of unintended consequences rule !!! They wanted to crash the metals and oil, hey the trading gods threw in the stock market crash for free :-)
That makes sense. But, where will this money go? And shouldn't the dollar index be surging by a far greater amount? Its like as if aliens nicked trillions of dollars out of the Global Financial System today, not unless the velocity has sank and hit a brick wall?
"But, where will this money go?"
Don't you know? There is no money. The only thing happening is the leverage is coming back down. That's the essence of all ponzi schemes--there is never as much money as the pretty charts show in existence. There is a much smaller amount of money, and you only beat the ponzi if you take it while it is there to get. Once the money is gone, the rest is empty leverage. Ask all of Madoff's victims.
It goes to money heaven...
Somebody leaked tomorrow's unemployment numbers
Good point, but would very disappointing results not infer that QE3 is a certainty and to buy everything now before June?
You could go through a lot of hurt with that trade.
A friend once told me, when the "shit hits the fan, it's easier to clean up after it dries out a bit."
(I know, he was a trader so he was pretty gross all around.)
Good one..!
They don't matter. We all already know that it was to hot to work.
FREAKING WEATHER!!
and leaked? EVEN THE YAHOO CROWD KNOWS THEY'LL SUCK!
cinco de massacre
good one Chops!
Sinko de market...
Tempted to try and catch a knife.
A silver one? Gold one? (Please dont say a paper one.)
Paper cuts can be just as nasty!
Russell 2000 holding steady, bitchez. Only down .50%. BTFD. The 2000: The Most Stable Asset Known to Mankind.
wtf? look again
You fucking eh right WTF. Trending green now, bitchez. The 2000: The Most Stable Asset Known to Mankind.
Ben....Jackson Hole? Ben...do you hear me? Jackson Hole? Ben...? Is this your fucking 15 minutes? Ben? Ben...? I thought Blue Horseshoe loved Annecot Steel?
REIT's - must. short. REIT's. Except...can't. short. REIT's. Not droids you are looking for regardless of those fuckers still sitting at 2.5yr highs as we speak.
Must run to the safety of mother dollar...and Treasuries. "Hold me mama, I can't see anymore, mama, why are things getting dark, squeeze me tighter mama, I can't feel nothing!?!"
I will sub for RobotTrader. "Hey guys, check out [insert name of pump 'n dump mid-cap stock here], QUOTE. Doing real good, lots of sheeple buying $13 hamburgers. Going long..."
LOL, enjoy your stock market crash swine, see you in September
Perfect impression SoNH80!!
+200
QE...can't live with it, can't live without it!!!
btw- Dry powder bitchezzz...just when the fuck do I step in to buy more physical???
Once the trend line reverses, of course. Tuff to buy in free fall.
Trading on margin is very risky and may not be suitable for all investors.
Buy the fucking E/S DIP!!! (at 853.75)
LOL
To quote the great yogi -- It's Deja Vu all over again...
Tickup in unemployment by 1% even in the false BLS number plus the potential to all those lucky folks who found a job being let go as margin pressure on commodities forces more layoffs = wipes out the White House euphoria of OBL killing.
American sheepies did get one week back in candyland.
PPT is keeping the big names even to down 1%...fucking unreal
Folks we are not even down 3% on the spx from the last top
You know. It's almost becomming a joke here.
We know Ben needs a excuse to go to level QE3
Anybody with a IQ of +10 knew it
Now they are doing it
And still there a people who look surprised.
And the funny part it: This will take all month. Even into the first week of june: and people will panick and say things like : HOW COULD THIS HAPPEN AGAIN?! Media? Speculators? Marsian?
And when they first knew the answer, they'll be looking for something else that doesn't make any sense.
HOW COULD THIS HAPPEN AGAIN?! Media? Speculators? Marsian?
FAILURE TO END THE FED.
It's Wall St. calling Boner on his trillions in cuts threat.
Well... Start a meme.
What caused the 2011 crash? Answers on a postcard.
What would they do without SPY to save them?
Certainly quite a coincidence that the DOW slide STOPPED precisely at 3:30 pm....a marker for EOD run-up. You can set your watch to this bullshit. BUT, it may just fail...... (or not)
Has everyone gone from bad news is good news and good news is good news and the infinite power of Benny's printing press to totally bearish in the last hour?
Or are GS/JPM going to crash the market just like everyone and his wife on ZH has predicted?
Interesting times.
Looks like I picked the wrong week to quit smoking... I'm going to start deploying my remaining cash - take 20% and with it buy 50% gold, 50% silver and keep doing it every few days till I'm all in... If they don't come up with QE3 all the nice QE work they've done will be for nothing - definitively not a way to get reelected.
Stay aggressive, but keep a source of income coming in the form of cash. Diversify and get ready for this Amerikanskie Gorki of a rollercoaster!
I vote for a computer glitch, they should just cancel today's trades.... LOL
Well I sure as hell hope so! My TZA, SKF, and VXX have been in the dog house for a year.
Finally, a stopped clock is right for once.
Fall back to 666 and make me look like a prescient genius.
I see S&P going to 1600 (to save Buffett's behind) while crude oil will be hammered down to 80 per barrel and thus justifying the higher equity premium - at which point all derivatives will be unwound and all hell will let loose. All in a twiated world where lower commodity prices do not imply lower earnings.
Oils going to 40 bucks, the Dow is going to 6k, the treasury debt limit will not be raised, government will loose huge swaths of their economic control, the asian wars are going to end, people will become empowered by life and globalist government will look like a total failure, Ron Paul wins 2012.
.
or jaw bohner
There were flash crashes on virtually ALL the soft commodities today.
OMG THEY ARE TAKING SILVERBUGS OUT ON A STRETCHER TONIGHT. OMG! LOOK AT AFTER HOURS TRADING!
I am getting very bad vibes all over