- advertisements -
"bullish chartist"? If by "chartist" you mean technical analyst, I think that has been something of an oxymoron in this market for a Some time.
If you say it fast enough it sounds like "Bullshit artist".
+ 1 trillion (sorry, next years prices)
Don't we need a nice flash down in June to the 200 SMA to justify QE3?
We are right at the lower trendline of support underneath the market since the March 2009 low from what I can tell:
What is this "volume" that you speak of? Can't the Fed just buy it?
I smell a flash crash coming....in equities and GLD and SLV. I will say I was wrong if during the next collapse, GLD and SLV screams to new highs.
You are an anonymous internet poster; control your inflated ego.
Some of us work very hard at hyper-inflating our anonymous egos. Not only is the job security solid but you never get a W-2 or 1099.
Got it Tough Guy. Any way it helps us be nice to others in public when they echo the MSM.
GLD and SLV will crash, but gold and silver won't. They might be on sale for a while, but the premiums will rise significantly, and they will do so more and more until the price is 100% decoupled. Hell, that happened during the recent move up in the spot price, where premiums fell.
Paper will burn. Metal will rock.
Here you go Cdad. You asked and Tyler posted.
Thank you brother Cog and Tyler...although if you use the one year index chart and insert those sma's, the one day technical failure today is even more spectacularly on display. But I shall content myself as I report to my martini shaker now while daydreaming about pink slips at the JP Morgue and preparing to draft my entry to the ZH poetry contest...a poem which I shall entitle "Bidless."
Good grief [and by that I mean f*ck Jamie Dimon....and no, K. Finerman, I do not mean that literally speaking]
**firm bottom exists at 400**
**firm bottom exists at 400**
You kill me, Tyler.
LOL! Did anyone just catch that Joe Lavorgna appearance on the BlowHorn's Nanosecond Money show? Lolololol! He literally was struggling to keep his chuncks down. Precious.
And here we were earlier joking over brother Cog's toilet capture.
Here it is.
FED: Public and political contempt towards the FED will become feaver pitch as the markets descend, plunge and crash to all time generational new lows.
This is when squid face will be hauled into court for crimes against the people. Once the crash has progressed or come near to end, Fuld will be arrested and tried and sit next to Madoff. Social mood will demand it and neither the Fed nor Congress is greater than the market.
You are delusional. The entire world will blow-up before GS is put on trial. You don't get it... The FED is the market.
yup, don't fuck with them.
Yup, Fuck You!
there be no shelter here
Prophecy!!! Deflation!!! Bazooka you're on a roll pal, so wait for $450 gold in 2016 and then buy gotcha thanks.
I tend to agree with the deflationist argument...However, I would suggest that there will be some sort of 'other' distraction before banks like GS are prosecuted.
After all the government has removed all obstacles so far, IE:
1. Defunding the SEC and other watchdog agencies
2. Repealing Sarbanes
3. Creating new all encompassing "financial laws" (Dodd-Frank)
4. Reducing civil liberties VIA the patriot act and other misc federal and state laws
Most average people will be happy not being molested by the government and the banking class, to even bother trying to prosecute them.
Needs to drop more so that The Bernank and Timmah come to the rescue with QE(n+1)
Better lower the margin rates on the ES again.
sold my /es short at 1313.00, it went out on a low, usually will bounce.
did the same with some SPY puts, will look to repurchase with a small bounce tomorrow...
I sold my SPY PUTS on 2 separate occasions only to buy them back. If there's a bounce tomorrow I may double my position. I'd be surprised if the world doesn't swoon overnight and give the USD a boost. The Euro may shit itself when Europe opens.
Here's to all the fun we're having!
I got your bounce dangling... at around 1200ish
It's not just how much volume, but what type of volume.
Is the volume dominated by Buy Programs or Sell Programs?
If the volume spikes and it is dominated by Buy Programs the market will go up.
If the volume spikes and it is dominated by Sell Programs the market will go down.
....you can monitor the Order Flow Momentum amongst Buy and Sell Programs, in real-time, for free, here:
Hope that you find this interesting.
Thanks for the new chart porn. Interesting....
Barring the always not so transparent hand of the Fed buying contracts, the algo's will have no "logical" choice but to simply liquidate equities. Especially HFT'd equities priced for stupid.
But I'm sure we will be treated to days and days worth of "buying opportunity" commentary over at the BlowHorn in a last ditch attempt to get Average Joe to step up and buy criminal Wall Street banker pipe dreams.
The two year "confidence experiment" has finally ended badly. The US stock market is nothing short of a bad joke, and today was the first of many punchlines to come.
Would someone report to the Eccles building and drag Ben Bernanke out of there and clap him in irons, please?
Good grief [and by that I mean who does Wall Street think they are kidding with all of this nonsense? And where are the long awaited layoffs at the TBTF banks, too?]
Gonna be difficult for the pension plans to make their 7+% returns. CALPERS will lead California into ruination. Greece the metaphor, not the contagion.
Say it again and again - Debt Saturation!
From your mouth to God's ear. Although I'm sure Californians will thrash about and make a big scene as they are being dragged out the door.
How do you post images/graphs on this board?
impress tyler or something
You have to be a contributor of articles.
Freeking awesome! Hope the gap down tomorrow is small.
practically another hindenberg omen
This is bullish, right?
robo will now explain to us all that an unbroken series of higher lows is uber-bullish and everyone should buy NFLX on a 1% correction.
I think you need to check your news headlines on NFLX from this afternoon. Ummm...getting harder to hide those ramping costs in that off balance sheet warehouse they don't much talk about over there. Looked like a blow off top to me, as well.
Talk about your monument to gross misallocation of capital.
blasphemy. the momo gods will avenge.
Nailed this period of weakness
This post makes me feel like Becky waiting to interview Warren.
I wonder what happened to the plunge protection team today? Who blew the stick save?
unintentional junk, fat finger on a small screen
i was going to say that the plunge protection team was out in force today and operating on a worldwide basis, every patch of resistance was worldwide, how can twenty markets change direction at the same time, not just once but again and again and again in one day, twice in less than a hour. i used to think people on this board were paranoid, but not anymore
"We believe a firm bottom exists at 400."
And that's where I'll be a buyer. Until then, gold,silver & cash
S&P at 400 or at 400 dma?
I say look for a flash crash in commodities, trying to wipe out every one's holdings by inspiring fear in the market. People will sell their silver and gold for pennies on the ounce to the banks, and then they will push the price up once they hold the majority of the physical silver and gold. Let the looting begin!
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.