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I wonder what the summary statistics would look like if you tallied how often the market closed at VWAP over the past little while.
What the hell happened today. Seriously the more I learn, the less I understand
Join the club, inverse reasoning rules now.
inverse reasoning.....BRILLIANT!
yeah, sweet, don't mean to sound like a dick or nuthin', but the chart says the ecomoney is fucked, its shit's all retarded, and Bernanke talks like a fag...
my ex wife was tarded.. shes a pilot now
example of the typical erudite comment made on this blog
http://www.imdb.com/title/tt0387808/quotes
dude seriously? you'll be the first one with a tattoo...
Frito: [Acting as Joe's public defender] It says here you robbed a hospital. Why'd you do that?
Pvt. Joe Bowers: I'm not guilty!
Frito: That's not what the other lawyer said.
Frito: I can't believe you like money too. We should hang out.
very good D.O.D.
Alas, that is the perfect quote for a day like today.
LOL! Ohhhh, would it be that the bliss of ignorance could bless me again... I might have gone long at some point in this rally... *sigh*
Nice one - but I stick with the classics:
"The more you know, the more you know you don't know." - Aristotle
It's all VWAP crosses of multiple time frames (days) and pump and dump.
What was up with the dollar index?
Big spike then back down in minutes.
Somebody think Fed not buying Treasurys would mean a dollar rally...then decided not?
pure manipulationUntil we have guys like Black back as regulators nothing will
change. We just
good articles;
target="_blank">my newest bookmarked finance website
href="http://www.iamned.com" target="_blank">finance news & finance opinions
Could someone pls explain the significance of the consistent closings at VWAP?
Brokers always try to sell above VWAP and buy below VWAP because oftentimes they guarantee their clients to pay them at VWAP for the month.
FYI - SPY VWAP for August so far is $100.41
So what happens at the auction tomorrow now fed not buying?
Well really they'll just end up paying a middle man to buy up all the debt so basically the same affect as them buying it directly.
they'll be buying. don't be fooled.
Bear tails up 25% and bull balls down 30%
They're starting to shimmy. They're starting to shake
I wonder if BB has a big ‘RED’ liquidity button? Massive steroid injection (at 2:45p) as ‘sell on the news’ began to gather mo.
It's the one on the commercials, that says easying
ah, the "easing" button - who knew? LOL
schiff talking depression at 5pm fast money fyi
Yes, I adopted him.
He changed his view from hyper inflation to depression?
I don't know what the kid is saying today, but Chumly is saying that we ARE in a depression with an asset bubble (inflation) in the midst of it.
Millions watch ticker symbols with random price digit movements, transfixed like kittens following a laser light trying to capture the promising bright glow, with the hope they can somehow figure out the variables that drive it and capture profit. The kittens will never capture the light, no matter how quick & hard they try, and the same goes for the ticker trackers fighting against the financial brokerage houses.
Something wicked this way comes, and it's called the great credit & derivative deflation depression.
Beyond Uncle Screwtape's wildest imagination.
Would the longer term VWAP matter or is it only a daytrading order book concern? Since the rally has been low value I imagine a retracement to the VWAP over the last year would be a steep drop.
http://www.fiscalaccountability.org/index.php?content=cogd-teas
In 2009, Cost of Government Day falls on August 12. Working people must toil 224 days out of the year just to meet all costs imposed by government - a full 26 days longer than last year.
man, I did not need that.
what waste
Until we have guys like Black back as regulators nothing will
change. We just
good articles;
target="_blank">my newest bookmarked finance website
href="http://www.iamned.com" target="_blank">finance news & finance opinions
Stylish outfit, your captain hat must barely fit under the paper bag.
The new tea party must focus on two new additional taxes they want to bring in - the health care tax and a carbon cap & trade tax.
Both are being sold as important for our very survival and the survival of the planet. Simpletons actually believe this, so messages need to be crafted to reach the lowest common denominator (think idiocracy).
Your personal income is your freedom, keeping only 39% hardly seems fair and infringes upon individual liberty. We should be pro-small-government acknowledging that these are the same people that pay $300 for a hammer, they have incredible waste and provide pork spending to their friends - that's inefficient. With examples like the V.A., the post office, and the D.M.V. who wants a health care program that administratively fits that description?
Some of these initiatives are designed to buy votes from the less fortunate, but it is extremely short sighted since they are structurally removing any incentive for people to work. That's what you are seeing today - a revolt in housing with people mailing in the keys and a massive reduction in spending because of a lack of trust/confidence.
WHAT ... Cost of Government Day comes in February/early March where i come from; Dude can you say slavery
cheeky....your avatar is becoming the rage....saw article on Drudge that a post office in florida was vandalized by someone putting the posters or stickers(?) all over the place.
let us know if they show up where you are (adriatic sea or something??)
Traders rule that Thomson SA's (TMS) debt restructuring was a credit event, which may trigger $4.6B of credit-default swaps. "This is a market test, but I expect it to pass with flying colors," says a Credit Suisse official.
More on 'free' money for school:
http://www.nydailynews.com/money/2009/08/12/2009-08-12_billionaire_feds_...
Best part:It's free money!" said Alecia Rumph, 26, who waited in a Morris Park, Bronx, line 300 people deep for the cash to buy uniforms and book bags for her two kids.
"Thank God for Obama. He's looking out for us"
FM
These people are too stupid to know that the "food" he's slipping to them he is taking from someone elses kitchen!! But then they really don't care .... do they!!
Damn eighty-percenters! The lowest common denominator rules. Do we not deserve what we get as a country (collectively).
Rome is burning.
My bad, she does exist. People like Alecia do exist. F&@!
I lived in the Harlem projects area back in the 80's for a few years in grade school... it was hell. The most memorable thing was the pervasive sense of "I will never escape this shit" feeling, and the crack vials, and the people who had lived in the Gov housing projects for DECADES, and on stamps. The underlying mentality was that things were good enough, collect those stamps, get that menial job, don't try to get a degree or finish High School, just keep on living off of the Gov's teat and retire on it as well. Cradle to Grave. I even remember waiting in line for Government cheese...
So, in my long winded way I'm trying to say, I'm not surprised!
Hey, it's a more worthy cause than giving $4,500 to some douche for upgrading his Hummer.
It it wern't for the manipulaton in the first hour of trading we probaly would have closed flat.
If it wasn't for the manipulation and free fed money we would have been at the real value of equities on a price to earnings ratio level for the S&P of about 300
34591...excellent! well said!
Apparently John Paulson wants to squeeze every penny out of his longs -- Obsequious toads at CNBC willing to oblige...
yes that is true, the day after can often be a big move in the opposite direction to the market post fed announcement.
but in this market? with the jpm gs and hft gunning the shorts despite china, hang seng, and nikkei falling overnight, would you bet on it?
they are out to get the shorts and will kill anyone who tries to push it down, something is very smelly in the garden and it isn't just the manure for the rose colours
yea it was a planned well ahead of time
I don't think anything short of a major company failure/bankruptcy, dollar collapse, or another serious financial crisis is going to abruptly turn this market downward. I am as bearish as anyone, but the bottom line is that with the Fed continuing to pump money into equities and banks, the MSM cheering the rally on, bad news being spun as good news and the major banks knowing they have a bullet proof backstop, the market will continue to rise. It is the slow inflating of another bubble, and like Mark Twain said, "history may not repeat itself, but it sure rhymes". Even Roubini is now starting to back off a lot of his earlier remarks. He no longer refers to this as a "bear market rally". I think even he is surprised by how much the goverment's efforts have manipulated this market.
one day after market had major companies issue bad reports, markets fell after hours but no, next day push up and back to normal
this is NOT a normal market, this is the socialist state of america
SSA
get used to it, you are no longer a free thinking human you are now controlled by the state.
GS JPM know this so they get 98% trading profit days... say who does that if they aren't in the know?
Madoff and the like who pretend, that is the only way you do it otherwise and if they are doing it with real trades then something is very sniffy
If the general public benefited from the bailouts and printing press instead of the upper 1% and big business than this would be socialism. This is fascism.
history tells us that major moves in the market are more likely to come when nobody expects it......
We need one more day of irrational booberance rationalized by the "less bad" retail report tomorrow, then it can drop.
I'll be out as of tomorrow afternoon. Up and disappear like a fart in the wind, just like Andy Dufresne. (Wish I was also headed to Mexico.)
We honeymooned there. If it isn't paradise, you can at least see it from there.
What do VWAP stands for?
fantastic thing called google nowadays. It's on the interweb. They're open 24/7. Laaaazy.
(Volume Weighted Average Price)
today marks my change in behaviour, I am not going to be a rational thinking bear any longer.
I will now max out all my credit cards and not have any intention of paying them off.
who cares, being a saver doesn't work, you don't get anything for being one or living within your means.
Being a lying cheating bankster gets you millions in bonuses and huge pension.
I want some of that and who cares, I won't be able to pay it back like they didn't... it will get written off.
I WANT to be included in the write offs. Lovely free money please
volume weighted average price
Reason #427 never to look at cnbc.com: headline on upper left reads: STOCKS GAIN 1.3% on FED'S 'ROSY" FORECAST.
Pardon me, but which Fed Statement did you read? Mine didn't sound rosy, and was in fact highly succinct and uninformative. On the assumption that CNBC copy writers are somewhat challenged in terms of ability to read and comprehend, I provide my line-by-line translation of today's statement into non-FedSpeak, FWIW:
"Since our last clambake in June, things haven't changed much, but boy, somebody oughta give those boys on Wall Street a clue 'cause they are STILL partying like it's summer ' 08. They are fugging nuts, those guys! Seriously now, things have basically leveled out at what we refer to technically as the 'crappy" level, but the good news - ready for it? - is that we're guessing getting a whole lot worse is not on the menu. But as for getting better? Don't look to your average American households - they're toast, that is, if they can afford to buy the bread to make it after they get those unemployment checks. And - finally - it looks like most of you knucklehead businesses have finally clued in to the fact that the number of customers (remember them?) you used to have in the now distant past are not coming back anytime soon, so carrying a shitload of crappy Chinese manufactured inventory is kind of, well, stupid is a word one of the FOMCers came up with today to describe that sort of bullshit. Fucking right! But not to worry - we're on it, thinking up new shit to throw at the wall to see if it sticks, pretty much every day, and someday we think this whole thing just might blow over.
Now, some of you jokers are whining about gas and hops for beer costing more and other such things. Get off the crack pipe, friend, and learn to spell D-E-F-L-A-T-I-O-N. You can't afford that damn new Camry anyway you bought with that crazy clunker credit Congress gave you, and while we're at it stop asking why we are throwing money at Japanese car companies in the midst of an American financial catastrophe.
Where were we? Oh, yeah. Well, we're gonna keep using what we call "all available tools" - that's another fancy technical term - (and no, you can't get these from Sears or Mr. Goodfuckingwrench) to try to get under the hood of this bad boy and get 'er back on the road, STAT. So you should feel pretty good you're not alone in this one, and we are definitely rootin' for you. We'll keep those interest rates low, on the unlikely chance you'll be able to borrow money. Heck, we'll even keep on buying up crappy federal mortgage debt and sopping up unwanted US Treasuries like there's no tomorrow, but, just when nonbody's looking, we'll stop doing that sometime this fall, just so nobody gets it in their heads that we'll just keep on doing that forever. Money doesn't grow on trees, dipshit - you have to print it, and that's a helluva lot harder than it sounds. Think we're stupid or something? No siree, one of these days, we won't be buying, and you'll have to stand on your own two feet. You'd think twice about loading up on more of those bonds, bills, notes and debt too, if you took one look at our balance sheet, or perhaps we should say "whiff", because there's more excrement dumped in there than a flooded Chinese rice paddy in springtime, I'll tell you what.
Till next time, rock on with your bad self,
Ben and The Gang
What happend today? Substantiation for Ben is what happened.
The market (S&P500), closed pretty much where it was at the time the Fed anouncement was released.
What you are witnessing is THE biggest pyramid scheme, ponzi, scam, call it what you want... in history.
Yes dear reader you see before you the raping and pillaging of your children before they have yet to be born. They will not be able to breath air without signing a big IOU in the womb, sorry that was being optimistic, make that pre viagra consumption!
and margin that out many times, well if the government are losing a quarter of a billion dollars every hour well I will join them and spend like there is no tomorrow, after all I don't have to pay it back do I?
Until we have guys like Black back as regulators nothing will
change. We just
good articles;
target="_blank">my newest bookmarked finance website
href="http://www.iamned.com" target="_blank">
http://www.youtube.com/watch?v=bfdHY26E2jc&fmt=18
The ball in the first video is what happens at the time when you want to place an order :)
Blankfein cried in a whisper at some image, at some vision- he cried out twice,
a cry that was no more than a breath-
"The horror! The horror!"