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Even Cramer Is Now Outraged By The Rigged Casino Formerly Known As The US Equities Market
From Jim Cramer
Longs and shorts
5/21/2010 4:03 PM EDT
Frequently people say, "you never complain when the market's higher and you get this action". I want to make it clear to everyone that I thought the last 15 minutes up was outrageous and shows how broken everything is. Just ridiculous... And should be investigated.
h/t Stephen
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Cramer becomes a sceptic. That's your buy signal.
I am of the view that the entire market is in control of the PTB and that this 20 day take down was planned, controled and managed in order to position the psycology of the retail invetors...ie. "voters. " Tagging the 1060 +/- line on the S&P in 10 days seems a bit 'managed'. This kind of move should have taken months in my view. Now that we have touched the 200 dma with a 10-12% "correction" the PTB will game this fabricated bull shit of a stock market MUCH higher all the way to the November elections , so Joe "brainwashed, I need to kiss Obama's ass 401k holder" will continue to vote the status qo in power in the elections.
Tyler mentioned that he only way to save the big problem- the bond- market, is to crash the stock market. 1 week before the short notes are sold, the market begins rollover. Flash crashes during the rolling debt short maturities and gets piledriven during the 10 to 30 years.
So , who makes money on that move? And don't tell me Europe which conveniently starts degrading it's currency with talk of leaving the euro. The French president and Germans are not goingto catfight unless it benefits them and the economy. We all saw the euro tanking and Greece a year ago. The euro is an ETF of European junk.
Crashing the euro helps their exports, hoses China, drives buyers back to bonds. Crashing the stock market helps dollar, helps bonds. Crashing gold Really helps bonds. What can I say...it just worked.
The bond market is like 50 times bigger than the stink market- what's more important in the end?
The bond market is like 50 times bigger than the stink market- what's more important in the end?
Gold.
Psh. Religious zealotry. Gold is a microscopic market. The world's easiest to manipulate. The bond market owns all.
There are very powerful forces that make gold a safe haven. The problem isn't that gold will retain its value over the long run. It absolutely will. The problem is that gold can be manipulated very easily over the short term... and the short term is actually much, much, much longer than you think.
+10. And look no further than the folks who bought gold in 1980.
cocoa,
"Crashing the euro helps their exports, hoses China, drives buyers back to bonds."
It also, caused a RUN panic into PM"s, and getting out of the Euro, and into the Swiss Banks.
Who's the last sucker caught in the Eruo Trap?.
Market is crazy oversold short term. The Banksters have vaporized trillions of "digital" dollars on the "recovery".
They won't give up so easy, the 15 minute chart on SPY suggests to me that an ABC move up to 112 is "in place" for the open on Monday. This pattern is very similar to what occured at the Feb 6 correction low... Volume on that last 15 minute spike was "off the charts", the Bazookas are loaded.
Most likely LOL. Cramer's ratings are barely registrable. CNBC with the exception of Kudlow, is just one big advertising suck.
Name one call Goldilocks has gotten right in the past 2 years.
Indeed, the inverse HnS building in ES saying we could head to 1110
No, its a sell signal.
Cramer isn't upset about manipulation, I think he is just upset about WHO is doing the manipulation. When I saw this, it occurred to me that there may be some German/Chinese trading desks kicking Goldmans ass, beating them at their own game.
thinking about the come clean post from the other day - baby steps
let it out man.
thats right..you nailed it months ago TD. but the manipulation is being done both ways...not just to bulls benefits
in fact, it was done right before the spike up. they brought it down quick too. cramer complained about how they brought it down today too
I see warring hedgies, CBers, banksters...all screaming at the screen as they try to outwit eachother
This is the false outrage of a phony sleazebag. In fact, the last few minutes were predictable as shorts took their profits and covered. No need to be exposed for some sunday night shenanigans from whomever. Monday is time enough to reestablish positions. This is Cramer trying to show he's fair and balanced, when in fact what happened today was not a surprise or outrageous, and he knows it.
Totally agree... if Cramer really thinks the market is being manipulated and is basically a casino, how can he continue to advise people to invest in it? Phony outrage... a key propaganda technique used by the MSM.
I am of the view that the entire market is in control of the PTB and that this 20 day take down was planned, controled and managed in order to position the psycology of the retail invetors...ie. "voters. " Tagging the 1060 +/- line on the S&P in 10 days seems a bit 'managed'. This kind of move should have taken months in my view. Now that we have touched the 200 dma with a 10-12% "correction" the PTB will game this fabricated bull shit of a stock market MUCH higher all the way to the November elections , so Joe "brainwashed, I need to kiss Obama's ass 401k holder" will continue to vote the status qo in power in the elections.
Short covering !!! Yes, of course, that explains it.
And the 200 pt reversal minutes after the open???
This obsession with expecting an explanation for every single move in the market is ridiculous.
Yea so the fundies are bearish - you expect the market to constantly tick down forever?
ALL PROBLEMS NEVER LAST LONGUER THEN 2 WEEKS
This was week 2
It gets pretty predictable you know.
Whenever they cry fire, short it, wait 2 weeks untill the crowd does the same and change direction.
Gold: everybody crying BUY! I went short
Oil: Now everybody is crying SHORT! I just went long
Does anyone lose in this market?
Posters on here, SOH and other financial blogs I follow are always posting about being on the right side of the market, perfectly timing it's "no news" wild swings.The banks never have a losing day, day traders never have a losing day, you gotta love this country.
Just saying.....
Humans love to remember their triumphs (all due to their superior intellect) and hate to remember their failures (all due to bad luck or evil plots).
I certainly haven't always been right (in fact, I give up trading for long periods because I feel like I must be stupid (or cursed--see, now I'm doing it).
However, people who can't admit their mistakes, never learn from them (some people never learn regardless, but that's another issue).
Keep you successes close to your heart and your failures closer.
Remember, no man is as sucessful in the market, at the racetrack, or with women as he claims to be.
or with women as he claims to be
My three ex's would disagree.
your three (3) ex's ? would you call that success x3? or failure x3, hence "ex" :p
I think that was the joke there, killer.
I just made your Zero Hedge name into a bumper sticker.
Awesome.
mtomato2,
"I just made your Zero Hedge name into a bumper sticker."
That would a VERY cool sticker, and get folks checking Td's digs out............Even a good way to contribute to ZH.
That said, most sheeple would think it meant, I have no hedges at my domicile to trim.
Ever been to the horse track? I was raised around Oaklawn in Hot Springs. Loved it when some yahoo was waving around his winning ticket -- while standing in a pile of losers up to his knees. Human nature never changes.
Naked short selling is like a man who finds his success with women was really a plot to infect him with HIV
http://www.deepcapture.com/europe-comes-to-terms-with-market-manipulation-the-sec-and-the-american-media-bury-heads-in-the-sand/
According to BaFin, the German financial regulator, “massive” illegal short selling attacks have led to excessive price movements that “could endanger the stability of the entire financial system.” After beholding the drama in the American markets on May 6, and seeing its own market tumble precipitously, the German government finally took on the manipulators, banning naked short selling of stock in its largest financial institutions and restricting the trading of naked credit default swaps, which are often deployed in manipulative attacks
Invisible......
Thank you...At least now I know I'm not alone in this crazyiness..
I'm not making any money. I'm out. Not losing any either. 'Cept on my PM in the last week. 'Course it's not like I'm looking to sell it anyway..... The die is cast. It's Friday night. I skipped work early, put 100 miles on the bike, and tomorrow I'm taking the kids fishing. Next week if I have any cash, I'll buy another Eagle. If I don't, I'll just pull weeds in the garden. It's getting to the point where all you can do is say, "Who gives a fuck anymore anyway?"
Cooper,
"Who gives a fuck anymore anyway?"
The problem is that too few have given a fuck for too long, its getting to the point where all you can do is say where is the outrage.
A trader: Six LCD monitors surrounding a liar.
Really, that's all that guides you?
I'm not sure what I think of (some/most?) of the traders here at ZH. Your gambling habits, taken together, makes for some big tails out there wagging real dogs. You help and you hurt entities, like we all do when we buy or sell anything, yet you buy or sell based on what? You flip-flop like you've never heard of principles.
Missed the gold. But agree on the oil. Start accumulating under 70, and grab with both fists if it breaks into the 50's.
DPR,
Yep, the OPEC dudes are not going to sit by much longer.
Oh come on; the last 15 minutes today were identical to the last 15 minutes of every Friday afternoon lotto ticket opex since Cramer has been on TV. If anything, this one was even MORE foreseeable and tradable than usual.
it's a bit harder you know. I was looking and expected a crash. suddenly volume dropped, vix went from 48 to 42 in a few minutes.
I sold all my puts in the following 2 minutes (they didn't went down, actually up as stock was rising... go figure...)
Then executed my buy list.
My only shorts are BP and Gold for now.
Last 10 minutes of opex is hilarious. I always try to pick up a handful of firesale ATM lotto tickets in one of the triples, just for the fuck of it. So what if you lose $100 LOL when you guess right they go from $.06 to $.81 in a blink.
Cramer's upset about a 125 point move in 5 minutes??? Where has he been the last year? Cramer must have gone crazy short yesterday or at the 3:30 bear fake and he got a rude awakening! GOOD. We need these touts to go down in flames. If you use the contra-Cramer trade then you know there is going to be a wicked short covering rally early next week. They got them all trapped late today.
I believe the market is headed lower and we will see a precipitus drop(s) in the coming weeks. However, I also think that very short term the market is going to make a move back in the upper 10,000's on the DOW and then it will truly be "lights out".
Trading perspectives are different from fundamental economics positions.
You can be a hardcore Austrian and still make moolah trading as long as you have an edge. And know that you're just flipping pieces of paper that have no direct effects on the health of the economy at large.
If you try to explain every market movement or attach different emotions to its gyrations, you're going to be forever frustrated and confused.
Like Jimmy Cramer.
I think it is a rare moment of lucidity from a completely muddled former trader. I am guessing there is a move afoot to try to get CNBC to improve their credibility (I've heard this from insiders) so the audience starts to go UP rather than down. It is still a farce but every little bit helps.
Hey, how's about that decline in broadcast time for CNBC World? Used to be on through the latter hours of Europe.... Now about 5 or so (varies per day and events) Pacific time, it's either rebroadcasts of early European opening, yesterday's Fast Money or assorted garden varietal excrement.
At least World had good (relative, only relative, my dear Dr. Watson) info flow, less bobbling asinine juvenile commentary and next to no low cut bodice cover.
Q: What happens when the Power Elite manipulates the Lame Stream Media?
A: Respect, ratings and revenue fall.
Tough times for the PE and LSM in the Internet age; and they love to blame the delivery media, not recognizing the self-destructive nature of the very content they promote.
Perhaps he sees the train leaving the station and he wants to hop aboard at the last minute? Perhaps he doesn't think that the ra-ra stock cheerleaders are going to be as well liked in a few months' time?
Yup....he's also upping the odds on a double dip recession. Like, uh, who the hell told him we exited the first dip ??
Scratch that. I don't know where that came from but let me set the record straight.
The ramp job at the end of the day, well for the last 14 months, was totally and utterly supported and appreciated by me and my minions.
Thank you,
Jimmy C.
Ahhhhhhh!
CNBC is finally showing Cramer his fan mail.
What a politician.
Golden Sacks indictment + flash crash = killed his cred.
as if Bear Sterns and failing to SEE ANYTHING pre-2008 didn't
He has a large personality cult.
When someone makes a little money off a Cramer call (and they do it more than once), they tend to trust in him with religious fervor.
Even if they lose money in the long run. He makes losing feel good...
The last hour was... in your face MF's.....tax dollars at work. The Jersey barriors and orange cones should be set up for the retail kids.
The intervention is blatant and overt for a reason. They bears have to learn to not get in Uncle Ben's way......the hard way.
They own it all. The sooner people get over it and pull out of this rigged casino, the better off they'll be.
But then again, we are Americans and greed is our middle name. No one wants to miss out on the second dip. The banking cabal knows this and will continue to take those greedy bears to the cleaners.
Enjoy the weekend.
The next time TD Ameritrade goes down you'll hear all the pissin' and moanin' going on here from those who are STILL in it up to their necks. Complaining about the "system" and continuing to play the game are not congruous. Talk about your dissonance.
Dissonance my ass, full scale gambling addiction is more like it.
BTW, clean since April (I may be an addict but there was no way I was staying in, too FUBAR for my taste).
But I'm fairly certain I'll slip. :-)
Ha ha ha ha (ya, I am powerless too..)
Fed: "All your dollar are belong to us!"
Having been on the institutional side, and just a retail kid for now, i can tell you even some top desks would have been rolled over if they hadn't hedged their last 15mins of the trading day yesterday. And, again from experience, i can tell you no traders hedge (besides having stops in) when they go in and out of positions by the minute hoping for a few handles here or there. It was basically IN YOUR FACE everyone who was short.
That will be the end of BP. BP will soon be at 10$
www.cnbc.com/id/37280870
Shit. You think? I think they're just showing executive leverage to get them to back off the bill in congress.
This is just another axe in BP's back
http://www.businesswire.com/portal/site/home/permalink/?ndmViewId=news_view&newsId=20100521005931&newsLang=en
2 words for Cramer. F*** You!
And to think ZH is posting Cramer thoughts.
Equities are suppose to behave like this when Treasury yield curves are in desperate need of support.
agree. It's just not worth it quoting someone like that on his bipolar moments.
Source integrity.
It's what the country needs.
Meaning, GET RID of all the idiots and till the soil.
If they stick em in your face anyway and they pander to you...Ignore em
a penny for his thoughts
I don't know how you put a trader on TV and not expect him to see his perch as a trading opportunity!
If Cramer manages to make money out of doom and gloom attitude, people here will have missed a jolly opportunity to fatten their purse.
Even a broken clock (read:F*cking MORON) is right twice a day. CNBS is BS!
Things must be getting better if the Cramer is saying things like that.
I have made some of the best trades of my life just investing opposite to what he says. That is no bullshit. I have made so much money because of how wrong Jim Cramer has been it would make you laugh
If the market was predictable, everyone would play it. The secret is to not be "all in" at any given time so you can live beyond your mistakes.
There is no "secret", baby. This Zero Sum Game is for Pros that do it for a living. Everyone else is a wee fishy, baby.
Pros live for Volatility. Pros do not try to "predict" the market. Arbitrage is the bomb, baby. Pros get paid for providing liquidity... on THEIR terms. Predicting anything is the refuge of a scammer or an amateur.
And only losers try to turn the total cowardly surrender of Gold Cult... into some kind of "genius move". Of course, it fools no one. Normal people with common sense insta-tune out the gold nuts that crawl out of the shadows every time the going gets tough.
While you guys are desperately hanging on... the smart guys are getting rich. Crisis = Opportiunity, baby.
"When plunder has become a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that glorifies it."
Claude Frédéric Bastiat
That's a great one. Going to have to file that one away for future reference. Thanks!
Buying gold is more of a "not as dumb as a fence post move" for a wee fishy like me
Ah - more from the genius that gave us this gem:
You're a real piece of work, and it is folks like you who are the endangered species.
DeeDeeTwo,
Blood in the Street? I agree... I pulled out Friday in total... There is something bigger going on, someone further up says "it's a shake out of the Bears" and I agree?! But, and there always is... something smells fishy to me, I have seen and heard movement from the larger individuals (intsitutional size) who are dialing wayyyyyyyyyyyyyyy back. That makes me nervous, add in the magic show? I see the markets getting milked by the intsitutional of retail luquidity. Everyone is all hand and hand on the swings, except the people who do not have a 0% FED window.
Smaller sniffer shops / coat tail shops who write code for the larger guys are of course doing ok, but that is few and farrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr between. Someone up top says "don't put all you eggs in one basket or don't be in all at once so you can out live your mistakes" either way it works... but I am out, I may be wrong... and I am happy to be wrong and see people do well... But thats not the feeling I have. I know that the march upwards will continue no matter what anyone says, maybe it is the Summer time blues? I don't know?
Be well all and if you are still in break a leg, JW
AMMMENNNN DeeDeeTwo If you dont trade for a living, please read his post above. Then read it again. And again. Its about the only truth ive read on here all day.
Say shenanigans Cramer. I dare you.
This gets better and better for BP!
http://www.businesswire.com/portal/site/home/permalink/?ndmViewId=news_view&newsId=20100521005931&newsLang=en
Cramer not exactly complaining against his masters (yet), but miracles are possible! Things must be more corrupt than even he can stomach...........
http://www.youtube.com/watch?v=BBvyr79Qe4k&feature=related
The exact opposite happened yesterday. I guess they manipulate up and down.
Hell, GS is probably short GS what with the inside knowledge (Wells Notices, etc.) opposite public disclosure. In fact, betcha they've made enough off of GS alone to pay the DEDUCTABLE on the D&O and E&O policy written by AIG (yes us, dear American taxpayer) to cover the tax deductable which ever penalty/fine they'll pay to the Treasury.
Ah............
Bear Trap.
His Friday tirade was more disingenuous and full of crap than usual. Everything he said was utter drivel.
Cramer is definitely shorting the market: http://www.youtube.com/watch?v=gMShFx5rThI
"I would create a level of activity beforehand that could drive the futures..."
"...but I'm not going to say that on TV."
wow, thats a real eye opener
1998 was much worse:
Today:
Thanks for the charts, RT.
That was one crazy summer 1998. Implied Volatility was just exploding, especially in Europe and nobody knew what the hell was going on. Every morning I woke up the Nikkei and Dax were down 2% on little news.
Many smaller Nasdaq stocks absolutely cratered. Down 70, 80% in those 3-4 months. These never recovered, never made new highs. The "Nifty 50" tech bellwethers recovered and made new highs soon though, right after Greenspan and his minions cut the discount rate.
To think how many people rejoiced "WOW THAT'S IT, FINALLY! TIME TO STAY SHORT THE NAZ AND MAKE MILLIONS". That was one hell of a short squeeze. Brutal lesson to always use stops and run for the hills if the market doesn't agree with your trade.
Okay...who's the Cramer worshiper that junked me? Come'on fess up, you pea brained lemming!
Cramer probably dropped by and junked you himself.
That's it!
When does the mafia turn on the mafia? When someone rats or cheats someone else. Who stepped on Cramer's toes? Who did he cross? On Thursdy May 6th Cramer accused Citi of taking down the US market and the entire financial system for profit with their middle finger. Stunningly, he made this accusation live on CNBC for everyone to hear. He did it repeatedly and without any evidence in hand. It was later denied then proven wrong by the NYSE, NASDAQ, SEC and Congress.
He crossed 'em. They may be freezing him out, dissing him, turning him into a goat. He would then be lashing back at them, wounded and angry. But they're the mafia.
Cramer is upset about market manipulation?
Okay, come get me Lord. I've now lived and seen it all.
it was fake. so what? who doesn't know this by now?
that said, planning ahead for the manipualtion -- yes, it was that obvious -- i managed to get several of the leveraged bear ETFs at extremely nice prices in the last minute of trading....very sweet.
its only the people who still believe our markets are free, fair and transparent who are getting screwed. those of us who know it completely manipulated and work on that basis are doing just fine,
thanks.
Cramer says the game is rigged. Priceless!
Thanks for this wonderful conclusion to a nightmare week, I'm going to bed with a smile tonight.
W
Listen---Jim is an ASS....snakeoil salesman-----
and he looks like one too.
I'm not a 'Mad Money' fan but I like Cramer from the back in the old, paper ticket days. He was very iconoclastic at one point and like it or not he is Tyler Durden's grandfather.
Deep down inside he's a guilty, collapsed socialist (who's memorized Lenin's speeches BTW) and even with this retail Buy! Buy! Buy! shit on TV I think he feels he's really helping the 'little guy'. He's just also an ego whore.
He's obviously very sharp and he does have a very strong hedge fund record. On a level playing field you wouldn't want to be taking the other side of his trade if his own money was at stake and it mattered.
This may be a winger but I think Cramer could still come back to the light side - like getting fat sweaty Elvis to drop the glitz and get back to his roots - and it could be a big deal.
Forget about Cramer for a minute... more generally the real tipping point could be when a major Establishment figure calls "bullshit" and joins the resistance. John Hancock was a key figure in the American Revolution not because he was some brilliant political philosopher or activist but because he was a rich, powerful member of the Establishment who gave legitimacy to the rebel colonists.
Cramer is right and we shouldn't be critical of him saying it.
I don't believe this was a short squeeze, more like PPT at it's finest. You don't want the morts to be thinking about the IRA and 401k over the weekend.
At 15 min before the bell, it looked like the EUR/CHF chart from the other day.
People take it easy it was OX option expiration crazies. Watch EVERY OX and you will see the crazy Px price action driving it one way at open to get the puts/calls out then reversing and driving out the others with minimal gains. Market Makers have to pay rent to0. Just know that when the market is one way on OX that it will more than likely reverse (generally drive up into close)....Fixed game which generally allows you to sell puts 20-30 minutes from close that expire worthless. Gotta love Hi Freq Trading. And for the record it is FLASH trading that can see the bid/ask milliseconds before and take out a penny about 1000 times or more a second that is cheating....and should be banned
Front running pennies?
NOT KOSHER?!!!
HOW DARE YOU!!!
Question 1:Orders Explicitly Priced in Sub-Penny Increments
Question 2:Orders Not Explicitly Priced in Sub-Penny Increments
Question 3:Orders That Must Be Repriced Due to a Corporate Action
Question 4:Orders with Performance Targets
Question 5:Orders Above $1.00 Placed When the Last Sale Is Below $1.00
Question 6:No Requirement to Accept Sub-Penny Orders Below $1.00
Question 7:Rounding Orders Below $1.00 to Conform to Exchange Rules
Question 8:Rounding Orders Above $1.00 to Conform to Rule 612
Question 9:Representing a Sub-Penny Order When Some Markets Won't Accept It
Question 10:Considering Sub-Penny Quotations in a Best Execution Analysis
Question 11:Sub-Penny Quotations Under the ITS Plan
Question 12:Rounding Sub-Penny Quotations for Display
Question 13:Sub-Penny Price Improvement
Question 14:Warrants and Rights May Be NMS Stocks
Question 15:Applying the "Madoff Exemption" for Short Sales in a Sub-Penny Market
Question 16:Quoting Increments for Non-NMS Stocks
Question 17:Using a Service Bureau to Accept Orders
http://www.sec.gov/divisions/marketreg/subpenny612faq.htm
"A penny saved is a penny earned"
http://www.goenglish.com/APennySavedIsAPennyEarned.asp
What could he do? It was so fucking obvious they had to write a special script for him. Even the morons who buy his books must have stopped licking the cheetoe dust from their orange-stained fingers to say "market funny".
I knew the second he came out and didn't open the show with his trademark shit-eatin-grin that he had an "important" announcement to make.
Be amused now as Cramer forms Mothers Against Fat Fingers, or some such nonsense to divert attention from the truth.
mark it funny. real funny
Cramer walks lunges into the room, convulsing, with just a pair of underware on and says; "Geez Jerry! I wouldn't have said a thing if I had been long!"
The question should be how manipulated the markets remain around option expiration. Be it upside or downside, majority of action for any month is during the two weeks into Option Expiration.
Nothing but a sop thrown out in a belated attempt to appease the exponentially growing numbers of people who recognize this crock of shit for what it is.
[double post]
There were plenty of things in favor of both the opening and closing ramps today. First, when a market gaps open, generally there are few or no offers (bids) between the previous day's close and the bid (offer). People who want out (or in, for rising days) either do their trade "on the open" or wait to see where things settle after the opening orders are filled.
Given that today was OpEx, plus the generally held belief that the PPT will defend Dow 10K for its psychological impact on the sheeple, a quick buy program would not cost the perpetrator much money---especially relative to what puts he may be short---to fill the gap. The push would get a nitrous oxide boost from short covering, since the market came into the day fairly short. The offers, which would have to have been placed well below yesterday's close, were not yet in place. The quick filling of the gap worked subsequently to keep those offers out, so the market was free to churn for the rest of the session, until the close.
At the close, it is a simple calculation by big players to figure where they would prefer the close to be. They can calculate their loss or gain depending on where both individual stocks and indices might close, read the book for the locations of bids and offers, then figure what it would cost relative to the gain or loss their option position would give them. Looking at the volume in that five minute ramp, it did not cost much relative to the option open interest and especially relative to what put holders lost in the blink of an eye.
As for it being manipulated, well, of course this is manipulation. All OpEx's are. Upside manipulation, however, tends not to bring any unwanted scrutiny, as it serves regulators' and rulers' purposes rather nicely.
If the thrust had been to the downside, and had it closed the Dow below 10K, Mary Schapiro and her staff would be working the weekend. As it turned out, they are all free to view their pornography in the privacy of their owns homes.
thought it was options something day?
just, holy heck that you know this stuff.
S E C = M E
see, how your kinda at the end of the thread again.
must be cause your really a day ahead.
difficult concept for some, you know†
+1,000,000,000
Nailed it.
Towards CNBC and especially Cramer I can only feel Schadenfreude. It seems that the moron were "expressing" his book.
Lead, follow, or get out of the way.
Obama and the new Congress came into office in January 09 with the opportunity to close Citigroup and Bank of America by simply stating the truth: that each was bankrupt because of FASB 157. Obama pondered and the markets continued to crash.
Cramer assailed the Obama administration throughout February 09 for their wanton destruction of the equity markets. Then suddenly, he turned at the same time as the President's comments. Suddenly, our President appears on television saying, "Nows a good time to buy stocks." Since his comment, the market is up roughly 40%. Since when did the President's job become investment advice?
Cramer turned positive on Bernanke.
Cramer turned positive on Geitner.
The way insider trading works is: I can't give you specific information about a specific event that will occur. What I can communicate is whether or not I am bullish or bearish without crossing the sacred line. (Correct me if I'm wrong, but insider trading is only illegal in the United States?)
Stop trying to read the tea leaves. Markets cannot and should not "always" rise in price, but the appeal to the elected officials is simple: keep the market from "crashing." Bernanke has publicly said that he intends to do whatever is necessary to prevent deflation.
If Gold goes to $200 an ounce, and the DJIA falls to 2000.00 that equals a multiple of 10x
The Dow closed at 10193.39 and Gold at 1177.1 = a multiple of 8.66x
The lie is in the pricing. Just like the lie in minimum wage. Have you ever tried to explain inflation to someone who "makes" minimum wage? Don't. Just take their money in the market, and smile when they hand you your burger at the restraurant.
Debating Cramer's accuracy is lunacy. Debating his loyalty is pointless. We all serve our own self-interests. Capitalism is honest about that, and that is why it works.
The only suprise is, is that anyone was surprised.
+
B of A was not Bankrupt and payed a fine for backing out of the first go round of free money becuse B of A did NOT want anyone in thier house... Citi, who services how many markets Globaly? Alone?! and they are worth more dead than alive? to who our eneimies?
Talking about handing over money with a smile? really? are you sure?
EURO buying support continues so far...
http://stockmarket618.wordpress.com
http://www.zerohedge.com/forum/latest-market-outlook-1
Edna R. Rider,
Bernard Lo recently (re?)joined CNBC from Bloomberg. I always used to enjoy his work there and his slightly sardonic take on things, a little bit like jeremy Paxman on the UK's Newsnight.
So, if CNBC is taking on people like him it is, perhaps, working to improve its reputation.
DavidC
I miss him on Bloomberg. Plus, now they took off Asia Confidential and the other show right before it that both were very good on the international perspective. Bernie rocks. I don't know when he is on CNBC but supposedly he is going to have his own show again soon.
If the last 15 min, you allow 125 points drop with no volume
Why do you bother about the 1000 point drop?
There are something very wrong with the USA stock exchanges.
One day, it will bring alot of troubles to the global investoers.
You mean Jimbo can't fix this by screaming at the camera like a meth-fueled lunatic while pressing those big buttons that make funny sound effects? Now I'm really scared....
http://www.metacafe.com/watch/377612/hack_the_staples_easy_button_make_it_say_what_you_want/
http://www.engadget.com/2006/07/19/hacking-the-staples-easy-button/
Oh come on this getting too obvious! Everyone knows that this is the Timmy two step! Crash the market, flight to treasuries, interest goes down, & we finance more debt for next to nothing. Its all a sham!
Was it a sham in the 30s, too? Government bonds outperformed equities 1932-1942. What about Japan, was also a sham? JGBs outperformed equities for 20 years.
You make it sound like what we're seeing is abnormal. Quite to the contrary, it is playing out like previous periods of private wealth destruction.
GF,
Yeah, well one big difference............we were still a Solvent, and PM's rich nation.........same with Japan.
Unless your Uber wealthy, I would steer clear of the equities mkt period..............
For the foresseable future, you'd be better of in Vegas..........
The March 2009 lows won't hold.
Updated DOW daily and weekly charts:
http://stockmarket618.wordpress.com
http://www.zerohedge.com/forum/latest-market-outlook-1
Dude. Chill with the comment-spam.
We know... you post Dow charts every day.
..And you spam-vertise multiple times on every ZH post.
If I am going to use Kudlow and suck in the same sentence, I generally choose to be a little more eloquent. Maybe something along the lines of "Kudlow sucks ball sacks for kicks." Or perhaps, "Kudlow sucks green shoots up his pie hole."
There is absolutely zero evidence that anything is rigged. The market has been down big the last 5 days and when we get a big bounce you are surprised?!?!? Its not manipulation. Please dont believe this bullshit. It was short covering and fresh buying after a steep decline. This is the EXACT SAME SHIT zero hedge was posting in march 2009. Im not saying we are getting the same kind a bounce off the low on friday, but this is how it always starts. WAKE UP PPL
Suze Orman should take over "Mad Money" and call it "Let's Slow Down and Talk About Why You Think That Gold Coin is a Good Investment".
Had a broker who did covered calls. It was always fun to watch the opex hijinks with the hot little growth stocks during the rip-snorting bull market. Come opex week, these high fliers would suddenly tank 15 - 25% on no news, or some contrived negative story. Like clockwork. The Monday after opex, these things would suddenly return to their high flying ways.
My thinking going into Friday is that if we were really heading into bear market territory, we would likely see an end of day opex ramp - the reverse of what you get in a bull market. Time will tell, but some of my money is on da bears.