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Another J-Lo Bottom
Yet another bear shakeout engineered by the GS and MS Prop Desks, as the NYA breaks the 50-day intraday, only to see it curl right back around to blast off again. Led none other than the common shares of Goldman Sachs.
Sorry, this tape is getting boring. Same patterns playing out over and over. Stocks heavily targeted by aggressive shorts were powerballed late in the day:
Sell down stocks, push down interest rates, issue another gigantic load of Treasury Debt, then as soon as the auctions are over, goose stocks again.
And don't forget the gold and oil smashing, lest anyone be slightly concerned with "inflation" or "asset bubbles".
Its all perfectly choreographed, by manipulating the EUR/USD meatball.
Lots of stocks which looked like they were going to crash got J-Lo'd off the lows...
I'll be back later today and see if I can post some more charts..
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Hell of a show.
Friggin Japan. The most innovative strategy
among the hedgies might be to cut and run
from this mess before January. Naw, that
would be too creative. lol
Almost amusing...you keep thinking(No way they will do it again)
But they do ....hey sell some dollars (that is all it takes)...
LOL, don't forget the private equity J-curve. Goldman loves it once performance fees kick in.
Wrong Robo, they nailed the gbp shorts today, since it was the most obvious trade. The euro crosses did not see too much action, since there are real people waiting to sell that imploding currency in real quantity. Yes, squidwad did get jammed too.
Can you elaborate on "they nailed the gbp shorts today"
It was slightly different, AMZN didn't go to 150.
no, Amzn is for tomorrow.
Right, I forgot pump rule #1: always have some dry powder.
I'm hoping Santa brings me some of the upcoming brand spanking new C shares for Xmas.
The shape is similar, but the magnitude has shifted quite a bit. In the latest iterations of this pattern, the "string pullers" are no longer able to create the image of "euphoria", only the prevention of collapse. This tells me there is indeed a change in the air. It's not too long now, I think. Fast or slow down? Don't know. Fun times! May all your trades make money, fellow zh readers.
tactic is to string out the pumping over fewer stocks, this week's auctions were average in size, need to conserve dry powder. next week fed will buy them back, its opex time and let it roll. don't forget to load up on some PM.
OK, I have some nipples.....
Runway Leaders:
That last video has long written all over it - long, sexy legs! On a serious note, one portfolio manager I know keeps telling me 3M is the best run American company. He's a hardass but really likes this company and its management.
No way that pick is J-LO.
Where's the caboose?
Nice nips Robot, and I like the way those legs make an ass out of themselves.
I was a daytrader , does anyone daytrade this chitty chitty chop chop? Truth be known I dont think anyone in their right mind wants to get played that way, I figure if you aren't an algorithm with billions just blog. I think there are no traders just bored bloggers.
Some pontificate, some masturbate. I think hard.
J-Lo definitely has something in common with the TBTFs.
Junk in the trunk!
With an ass like dat who's looking at the nips?