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Send in the clowns
Exactly. Time to sell as they are finally luring the suckers in.
TPTB have been waiting for "retail" to come in. They can bail now.
Shhhhh! Don't tell them! We need the retail suckers to buy so this can finally tank!
IBM "saves" the Dow.
Wow! Down 11 points! Where was the Ben put? Don't we get paid if the Dow dips?
AAPL caught a really nice bid in the final two minutes that helped bring SPX off its lows. We have some good data tomorrow which I would expect to be strong enough to regain some of today's losses. But not before we test 1275 level at the open tomorrow.
But wait a minute: isn't that lower then the market closed today? What the hell is going on here! We're not supposed to be Losing money! I want my Congressman on this now!
LOL, Harry back prognosticatin' about 1275 when 2 hours ago he said 1284 would be savagely bid up by the BTFD clowns. Ol 'Slidin Scale' Harry!
Distribution is ON. Now the bulls buy the Slope of Hope all the way down the 10 to 15% decline. Of course, none will admit it. All will have sold on Friday....
Yes this is what I expect. Let's watch and see.
Is it possible to have real time charts showing the bloggers with the most junks?
Serious Question: When was the last time the S&P lost more than 10 points and the total point loss was greater than the point loss on the Dow? Has it ever happened? Fucking weird.
Can't speak to the digit, but we've had crazy distortions like this in 09. Don't forget, to the Fed, the Dow is America Inc's headline number. Kinda like a vital sign of the US economy and a reflection of how they're doing their job. So it's more a point of stubborn pride with them than the S&P and Naz which they assume foreigners are too stupid to check
Agreed completely, but I just don't remember something this weird ever happening. I would bet it has only happened once or twice, if ever. Either way, it's all bullshit.
off topic, "robot trader's mom", but i think he did died
IBM was the reason the INDU held today.... Buy DOG, its a value stock.
when are you assclowns gonna stop playing with fire
For once, I agree with you - let them load up all the shitbag leveraged inverse etf's with chumps and then pull the rug...need more mullet in the net before this one tanks, who the fak else they going to sell em to? They will chop this bitch up for awhile - volatility doesn't necessarily equate to tanking - lots of option premium money to be made.
Now we can call it a top. Done. Market is done for.
If thats the case, I will end my phoney bullish sarcasm. Not that anyones cares.
I'm doing a little checkup for the "market sentiment" numbers.
Can I concluded that your answer is UBERBULLISH?
Thank you, we'll use your answer for the next 20 issues.
For any free thinking human, this is a living nightmare. Anyone else feel it?
Everyday I wake up and feel as if I am living the Twilight Zone. Please, pass me a pair of vice grips! I WANT TO WAKE UP!
I think I need a drink... Make that two.
Gold held up (good), but what the heck happened to PM miners?
"but what the heck happened to PM miners?"
They have been down for weeks already... GDX down ( since Dec 7 ) $64 then, $55 now.
Nope, I've been drinking the Banana Ben hopium koolaid and the hallucinations are just spectacular!
We will get a shitty claims number tomorrow and up it will go.
Who gives a shit. Most don't have any shit in which to give.
They could announce a massive asteroid hit in NY, and the stock market would go up.
We all know in order for the ponzi to continue, the greater fool must believe he is getting a deal, before prices go HIGHER. So buy now (so the big boys can finally dump!) and pay no attention to the insiders... after all, they are still selling for end of year tax purposes!
Why does it feel like the end of the world, the beginning of the apocalypse when the market drops 12 points?
On CNBS the mood is like a someone died
"Why does it feel like the end of the world, the beginning of the apocalypse when the market drops 12 points?"
WTF! Well, CNBS is selling "Timmy and Ben fixed it" the market only goes up. A down day might make some people wonder if the markets really are fixed. Fucking bankers bonuses are secure 400,000 each at Goldman, 330,000 each at JPM... Why in the world would stocks continue higher now?
Why is this man smiling?
He's probably thinking of later tonite when Bernanke and Sack come over for another evening of S&M gay partying!
The lemmings have arrived.
This may be the first time I actually BTFD. So, obviously we move lower from here.
I feel dirty, now.
Depends on what you bought - Index ETF? AAPL? Max pain for SPX is 1250. If we drop to that level, it will pull in big buyers. Pretty impenetrable floor IMO.
Harry get back in the store room and pack more dildo's for shipment, dip buyers wives dependin on it Harry!
a doodad people actually need
MTU. Fuk this Amerikan junk.
Let us postulate Harry that your impregnable 1250 gets broken. Than what? Would that turn Harry into a seller or are you one of those guys thatvdoesn't know when to sell?
Naw, he just find a new SPX floor limit which was unbreakable.
Harry is going to get toasted right here in ZH. Atleast RoboTrader started sounding negative on S&P now.
Harry, I hope you're right about 1250. I will back up the truck (margin included) a load it up. IMO, 1250 will be the buying opportunity of 2011. So far, earnings have been outstanding. Guidance has been much better than expected too.
Misere mei, Deus!
Wow . The S&P actually closed down near the lows after a significant intraday decline . The fantastic run of the " buy the intraday dip " strategy finally comes to an end . I'm actually surprised . This market has shown on a consistent basis that it cares little about bad news .
Everyones surprised when the 'bulletproof illusion' starts showing some cracks.
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