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If everyone is long the market, the market keeps going up, right?
The market will keep going up... until it doesn't. (sarc)
The market won't keep going up when more and more money goes into gold and silver and than they'll have to print even more and the circle starts all over.
The market, (Godman Shafts, The Morque and Shity Bank), is so rigged right now. This morning the makers saw money come in and Godman's software took it. Swoop. Gone. Unbelivable. Not. Standard Practice. As Lord Blankfien once said, somebody has to take the opposite side to make a market.
Godman Shafts, The Morque & Shity Bank . L.O.L. . thank you for making me laugh today, that was so funny .
Now I am starting to see Gold included with high flying silver in ZH posts. People started liking Gold again ? past few months silverbugs were running wild trouncing Gold. Now I see ZH crowd posting "Gold & Silver", when it was "only silver" before. Silver is mostly an industrial commodity than money.
I do not like silver because it gets used up and central banks don't hold it. We'll watch and see which is the winning horse.
You're right, JP Morgan doesn't hold silver.
any port in a storm
No, not when everyone is in, but when everyone is getting in, which they currently are... slowly
yes, until the credit runs out.
I usually compare charlie with a spoiled baby, being a mean drunk and addicted to steriods.
Ok, it fits. Close enuff.
He must have been short YHOO, AMZN, PCLN because those stocks are going wild today.
a 550 dollar stock up 10 is not wild....get the math book out...
AMZN is something else. Already up more than 10% since badly missing earnings for the third or fourth consecutive quarter (and after a service interruption in its cloud services around the same time) it skies relentlessly higher. After slicing through the $200 'milestone', it's going for the triple double of 100 P/E and 100 billion market cap, I guess. Madness.
john hussman notes that the only other post ww2 times of as extremely overvalued, overbought, overbullish equities markets in a rising yield environment are august 1987 and the summer/fall of 2007.
Pretty simpatico with ZH from beginning to end I should say.
Tigerblood...the markets are NOT down 50%+ from here because of Tigerblood infusions.
Actually, we're going to go back to subprime and NINJA loans on autos, homes, furniture, electronics, and maxing out the credit cards, baby, because that's how fractional reserve 'Modern Money Mechanics' economies ROLL! Take away the crack or meth for a few days, and the shakes and convulsion rip every fiber of the junky apart at the seams.
All is well that ends well!
and then over rate them and place them as collateral at the Fed, regardless of real worth for a cash loan to keep the system rolling...
The best time to hedge is when no one is hedging. With vol this low and interest pushing long only, I am picking up some cheap puts (IMO, on quality names) for EOY.
The smartest guy I know once made a killing in penny stocks - he was up some ridiculous percentage and couldn't believe his good fortune. He called his broker (years ago) and instructed him to sell...to which the broker (same guy who turned him on to said "great deal") replied..."To who?!" That, is whats comin' our way.
Exactly, markets may be 'going up' but thats totaly meaningless if theres no one to sell to.
No thanks, I likely wont touch stocks ever again after seeing month after month of this ridiculous clownshow.
You have just explained the future for anyone who cares to listen. The only thing I'll add is that I think Einhorn probably isn't going go long, at least not in a big or moderately big way.
Silver Bugs are finding out the hard way today. LMAO!!!!
That's odd, because I don't know anyone selling.
"Last time this happened was in the summer of 2008 when nothing could dent the market."
No one would guess why the money machine stopped working at Allmart. No one could buy, so the food rotted. The farmers started setting up in the parking lot to barter for food with the starving citizens. The militia had to protect the food, so Farmer's Market took over Allmart and 20% of the town was employed again where only 3% were before.
Last time this happened was in the summer of 2008 when nothing could dent the market.
Shouldn't that read 2007? I seem to remember 08 as being a little bit turbulent, especially in the financials.
you are right. the top was october 2007.
I think it's time for a new poll: Which black swan will land first and spoil the party?
Didn't ZH give us a great hint this morning. Bombers flying over where? This is the second time it has been reported.
yup. lets just max out our credit cards, take a cruise, buy and Ipad 2 and a 3rd flat panel tv. Oh, and how about a new care with little down and 0 interest for 5 years. All is good.,
This is so upside down.
Who gives a fuck. Charlie Sheen gave the green light on Bluestar, Made a fortune and fucked Gordon Gekko at the same time. What ever works. Charlie Sheen says Blue horseshoe and Lucabrasi love PCLN
Speaking of credit cards, AXP now in a full blown meltup while oil and gold stocks are getting brutalized.
TZOO down another 4% today. You must be puking blood on your monitor.
No, he doesn't discuss them anymore after the blow up. That's not how he rolls/trolls...
Gold at $1555 is 'getting brutalized'?
I think robotrader said Gold Stocks and I think you quoted the physical price...haven't looked at any Gold stocks but they don't seem to track the Gold spot.
The RainbowTrader reviews his pumper charts, then discards any that are down while posting the ones that happen to be up. Thats what RainbowTradin is all about!
Don't they usually drive oil stocks down right before driving season, then hurricane season and then winter season?
What season is it now ? Rip Off Season. LOL
Rip off season. I like it.
Can I still wear shorts and a t-shirt?
Or ask osama, it is the killing season.
Does that mean will not be appearing on dancing with the stars?
Small caps lagging. A kink in the armor?
Whoever panics first, often loses the least. ..
Insanity bych....s !
Yes, if you want to panic, panic first!
Nothing to be confused about, keep buying the dips, she's headed much, much higher...
He better learn how to count..
Sprott is selling silver.
Mish sold his.
Jantzsen sold his.
Einhorn quit shorting stocks and holds gold, for now....
My silver bug antennae are picking up decidely negative impulses.
Maybe the rules of math have indeed been suspended and the Fed really can paper over $trillions in toxic assets and $tens of trillions in debt with 30 month rollover, while fueling stocks higher.
Eric Janzen of iTulip sold silver just few days ago. He has been a top oracle in precious metals for more than a decade and his track record on this has been the best. Ignoring him is dangerous for silver bugs.
Waiting for Roubini to dump economics and start the BTFD hedge fund.
Roubini will only dump down his shorts and buy the fucking hooker.
Fucking whoremongering, self serving, weasel bitch. The CV of the economist.
If a "pro" like this guy can stay in business losing 3% on Q1 2011, when any idiot could make 3% by pulling up e*Trade and falling asleep on the keyboard, then I think we should all be starting hedge funds ASAP.
I guess since Einhorn is long the market and not short, the bankers don't have to let loose their lapdog Sorkin out of the cage now???? Now Einhorn's even quotable. Nice of editor Sorkin to take a break from licking the big banks' ass to give Einhorn a couple paragraphs in Dealbook. What a sweety.
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