This page has been archived and commenting is disabled.
"Black Friday" Market Volume Lower Than 2009 Christmas Eve, Run Rating Below Half Of Last Thanksgiving
At last check, MVOL E (total volume of shares on all US exchanges) was running at 3.8 billion shares, putting it on a run rate to close at below half of last Thanksgiving, and in contention for the lowest volume day of 2009: Christmas Eve, when just under 6 billion shares traded. There is nobody trading, and there is no liquidity. The 4 people who are in front of a terminal better pray that Waddell and Reed does not decide to sell a block of ES right about now.
»
- 7086 reads
- Printer-friendly version
- Send to friend
- advertisements -
Thanksgiving is too big to fail.
CNBC earlier had satellite photos taken of shopping mall car parks and is trying to extrapolate 'black friday' sales from the number of cars in the lot. The bimbo announced "it's a game-changer". Jesus...
Which bimbo? Please be specific since nearly all propaganda readers on CNBC are by definition bimbos, bimbettes, mimbos/manbos (male bimbos) and bums.
i dunno, some blonde thing. they all look and talk the same to me. but i'd say it was a bimbo ie a more mature mouthpiece.
a fantastically bullshit, desperate item...
Like the 24/7 coverage of the GM ipo, all we have now on the business channels is pimping for holiday sales - if you don't buy you're either not being American or not keeping up. Sad. Really, sad.
I went to Michael's today to stock up on yarn. All of the "news" reports on the radio were focused on how full the local mall parking lots were, which shopping plazas had traffic issues, etc.
The funny thing was that all of the lots were reporting about 70% full. That's pretty normal.
boycott Michaels, they are owned by criminals, sam and charlie wyly. crooks in sheep clothing. find a local run wool shop, support local, not franchises.
bottom line, Micahels = evil.
Think it was Mary Thompson and that bitch Simon Hobbes.
erin first, at 7am MST or 9am eastern.
hilarious. bwahahahahahaha!
How to Identfy CNBC Personnel:
mostly bald head with a dick thin pongtail. GOD, that makes me puck.
Bloomberg doing the same thing. i turned on Fox news for the first time in my life. interesting.
The photos that I saw somewhere on-line on _Thanksgiving Day_ (not of Black Friday crowds) didn't impress me at all with their apparent numbers even though they were touted as being unusually large crowds. And in my area, the very well off area of town, there has _never at any time_ been a reduction in crowds that I have noticed, so the specific areas where these aerial photos were taken makes a huge difference.
Anyway, the CNBC hacks are doing what they're there for, pumping like the pump monkeys they are.
A 'game-changer'? Really? Wow, just when you think the quality of the propaganda can't get any worse, they lower the bar again.
Europe falling apart gold down and they flock to cmg and nflx.
Nuts
I sense a major pivot point brewing. The gold margin was a sheer act of desperation. Next week oughta be interesting.
and as you can imagine, that lowering-of-the bar is up against some pretty stiff competition on CNBC...
I narrowly avoided an argument with my wife's entitled housewife aunt yesterday.
She was telling us how much she loved watching CNBC and how educational it was. I bit my tongue. But then she asked me if I liked Cramer, because she thought he was the best on the network. I said he was entertaining and excused myself from the table.
Good lord I hope this woman isn't given too much of her husband's money to play with.
Sadly, I think she is indicative of the middle to uppper middle class mindset wrt investing. CNBC still has a large influence on the guilible.
Thats willpower, way more than I have.
It was desperation. He still wishes to maintain "relations" with his wife, thus he must make nice with wife's "family".
she thought he was the best on the network,
she said with the kind of smug that needs bitchslapped.
Which game?
Now you've gone and done it. By speaking the name of the stock market flash crash assassins (W&R) you've certainly conjured up the ghost of Christmas past. ZH will now be blamed for any sudden or dramatic market moves from here to President's day 2011. Not to mention bailing out Spain.
Damn you ZH, damn you to hell. :>)
I heard Nassim Talbe was blamed for the flash crash.
For the deflationists, gold does well on flash crashes
Ah, the evil twin of Nassim Taleb. They have fought many epic battles, using the power of black-swan rays and decaying options premium. The world hangs in the balance as they gear up for a battle-royale within a HFT colocation room.
Couldn't help myself, lol.
Does Dana Telsey not read the financial press? Did she not get the memo? All too perky and frozen in smile she displays such lack of taste on CNBC's "squawk in the morning" to wit her entire consultancy firm is apparently a purveyor of inside info for a fee.
To gaol ye moll and not darken our wee escalators again ye bloused poltroon!
http://www.telseygroup.com/home/about/methodology
Walmart parking lot satellite photos have been used for a very long time now (year or two) to track their sales. Mall parking ots aren't as clearly useful because of movie theaters and adjacent establishments.
But I do think comparing photos of such to 2007 photos might be meaningful. Not 2009 photos. 2007 photos.
Wal-Mart parking lot photos have in reality lost their usefulness due to declining rate of car ownership among patrons.
Explains the haircut in gold/silver. This was not unexpected.
New to the market ?
Its COMEX options exp today. I was fully excpecting this drop and I also expect weakness on December 6th, book it.
Ok i give up why Dec 6th?
Does it have anything to do with dec 7th?
im not going to give it up that easy.
I am not 100%(only 80%) on it so I will give it up if im right.
I believe the low volume helps the players move the markets in the direction they want prices to go.
New to manipulation?
But why dec 6th?
Why will it be low volume?
The post above was a reply to Spitzer.
With regards to Dec 7, I believe there is some plan started on the net to withdraw funds from bans in Europe on the 7th. Not quite sure.
Spitzer, your options expired on Wednesday. It's last trading day for futures today. http://agaupm.com/comex-and-nymex-2010-metals-trading-calendar/
Thank you. Options out on wednesday, Dec. Contract today at 4...
Today is the last chance to put the big money down ifn your buyen the gold or silver. She is hoping to shake out a few more deliveries.
Bust the comex, buy silver with both hands. I wish i could, but this J6P is broke.
last trading day for futures is what I meant.
last trading day for futures is what I meant.
Walmart lots are the new homeless shelters ya know.
I think we need timelapse to tell how many are shoppers vs squatters!
"It went from controlled to a mob in less than five minutes and it just got nasty," said a shopper.
http://www.wivb.com/dpp/news/buffalo/Crazed-shoppers-pile-up-at-Target
Upper 5% earners contribute to 35% of consumer spending.
Next 15% lower earners contribute 25% of consumer spending.
Lowest 80% of earners contribute 40% of consumer spending.
The top most layers are spending. The bottom layer is suffering.
Bottom layer is not very important to generate economic activity. As long as the rich keep spending, stock market will have a bid. The fact that 80% of the people are living on a shoestring, while sad, is not a big enough deal to provoke change.
The 80% shop at WM, was part of my point.
Also, of those 80%, many were herded into the MBS slaughtering pits (unsustainable RE positions vis a vis ARMS, over priced housing, etc), which will indeed impact the upper rarified strata since they were (among others) buyers of MBS via various vehicles. Their funds and facilities are, shall we say, enscrewed...as well as their positions within the power structure as the MBS swill shall indeed be forced back into the throats of the (remaining) originator/securitiers...who will suffocate on their own vomit waters.
Pity, that!
Retail index approaching new, 2-year highs.
Again.
While poor Rasputin has thrown in the towel:
"I'm getting frustrated waiting for this
so-called imminent collapse I have been ranting about for twenty-five years now
(but especially the last five or so!).
I mean, really.
To wit:
-I have read no fewer than THREE-HUNDRED of Doug's excellent "Credit
Bubble Bulletins" since 1999.
-I have hung on every word of Bill Bonner and company at "Daily
Reckoning" AND have bought both of his and Addison Wiggin's books in the
last three years.
-I have listened to Stephen Roach scream "This can't go on!" for
years and years now.
-I have bought books by Rubino, Talbott, Truk, Duncan, Prechter, Leeb,
Simmons--you name it--ALL prediciting imminent stock market crashes, oil
shortages, housing busts, dollar collapses, and all manner of mayhem.
-I have read virtually EVERYTHING Jimmy-Pup has written over at "Financial
Sense".
-Jim Willie too.
-Not to mention that I have spent literally YEARS learning how our modern-day
worldwide financial system (if you can call it that) works by studying the BIS
site and white papers, the IMF site and white papers, the Federal Reserve
writings, macro-economic textbooks, financial textbooks, PowerPoint presentations,
PDFs...
-And of course, I have had a "Fannie-Fetish" for a number of years,
ALSO studying how the MBS players create their particular brand of chicanery. I
have also purchased and read several times though Frank Fabozzi's voluminous
"Fixed Income Securities" tome.
-Oh, did I mention that I have read and studied everything I can get my grubby
little hands on regarding gold and silver, including innumerable articles,
PDFs, books, graphs Websites PowerPoints, and other materials?
-I have also written a number of articles, short books, created PowerPoint
presentations, posted extensively here on Prudent Bear, lectured my sheeple
peers to the point of exhaustion (theirs AND mine!).
And all for what?
For nothing, that's what.
....................................
And Rasputin wrote that back in 2006!!!
Man, the perma-gloomers never get a break.
LOL...
And Rasputin wrote that back in 2006!!!
Then it crashed in 2008-2009.
People keep telling us that there is a hurricaine coming, but I don't belevie them anymore. I'm gonna go get drunk until I pass out on the beach. The hurricaine is supposed to make landfall tonight, but I beleive in sunny skies and nothing else.
Post of the day!
Charts
http://www.zerohedge.com/forum/99er-charts
Have a nice weekend!
Note how PCLN has been undisturbed by the various and assorted crises enveloping the world.
And this stock is already a 7-bagger off the March lows.
When do you think Eric King will interview William Shatner?
Hilarious! I didn't know robots had a humorous side.
WOW, Robo....Man I was just about to jump over to my trading account when I suddenly remembered all those times before when I bought EXACTLY AT THE TOP. Thanks for the reminder
Nice little waterfall to end the day...
Zoom in on those satellite photos of cars in the parking lot. I think one has to adjust for cars that have wet underwear hanging in the window to dry and have a DVD player hitched up to the car battery. Those folks don't go "home" at night, since---as the ad says---"if you lived here you'd already be home". So long as the bathrooms at California Pizza Kitchen are free, these cars do not represent "retail sales".
And if we can get some real close-ups from KH11 satellites, we could see which cars have tags expiring in 2007.
Bought PCLN last spring and haven't regretted one moment of holding it. Momo stocks are the way to go in this market.
Hungary shit the bed and the U.S. goes shopping. Man, is next week going to be one for the books. Especially if the CONgress says "screw the rich" and does nothing about the tax cut expiration and AMT.
It will expire and the added tax shock (pay studs) will indeed force another rewrite in the household game plan. Ditto with incoming insurance rate increases due to O-Care. Also gasoline is creeping past $3.00/gall in the NE, which is a trigger for less shopping/travel, etc.
Gonna be a long cold winter for alot of folks.
I paid $3.15.9/gal. last Sat. "Experts" predict the price to drop to $3.09.9 after Thanksgiving weekend.
Yep, same old song and dance, yet above $3/gal we're talking a serious case of recessionary blues (queue up the blues). Its a tipping point for folks who don't have alot of spare change, they stop driving. No driving? No shopping. No jingle joy. Cold January and beyond. :-(
So we only get 3 billion shares traded by machines these days?! Time to invest in faster autonomous trading systems and extra wide bandwith...buy DELL and CSCO!
Oil's average price per barrel for all the months of this year will be higher than any year other than 2008.
That's 100+ years of history. They must have added features to it to justify the higher price.
Not that price tells one anything about an item traded in secret mostly off the markets via long term China contracts.
That's because literally EVERYBODY is out shopping:
The Ten Most Absurd Black Friday Trample Videos You'll See:
I take all my bearishness back. The American consumer is CLEARLY there to support "aggregate demand".
[/face_palm]
Any given night you go to the wal-mart here where i live and after 10pm the lot has more cars then than during the day. Most of them are unemployed homeless people who have nowhere to go. It's like Motel 6 "we will live the Light on for you" During the day it looks like Camper World in the Lot. I have been finding better deals in the lot than inside wal-mart from all the homeless selling there sh*t.
Went to Kohl's today around 7PM est. There was NO ONE in line. Passed two people on my way back to the customer service to return some mis-sized pants I bought a couple weeks back. There was no wait.
Did you notice the emphasis on NO ONE?