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Futures Now Green As Market Goes Parabolic On Galactic Federation Bailout Rumor
Contrary to malicious rumors, Uranus has not confirmed it has enough money to bail out earth. Repeat: Uranus vehemently denies it will bail out the earth. In fact the Uranus Monetary Authority has ceased all diplomatic connections with earth feeling snubbed there was no gossip about it in the latest programmed Wikileaks release. Too late though: the HFTs are already in forward feedback loop mode, are buying because they are buying, and will close the market green on a straight line upward move. Futures are now green.
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lolz.. what a joke.
if u can't pull it out of uranus, where can you get it from?
Aw shucks, european !
The Uranians are sick and tired of that joke, and have declared that their planet shall henceforth be named Urectum.
good, lets send bwarney as our ambassador
I for one, welcome our new galatic overlords.
Urectum? Darn near killed 'em!
I say we try Planet X. They only swing through our solar system once every 5,000 years so by the time they come back we should be able to figure out a way to stiff them.
They'll be coming by in two short years. Maybe a bit too late?
http://www.youtube.com/watch?v=oftjwYmlfoA
This is a redux of Nov 22nd. Beware EUR-USD overnight action though. Nov 23rd opened 15 points lower in the S&P from the moonshot close on the 22nd because the EUR-USD resumed selling. The "strength" in the EUR-USD does not warrant this stock market rally, just like it didn't on Nov 22nd.
With continued EUR-USD selling overnight, we could gap down to re-test 1175 again tomorrow; however, that weakness could prove short-lived with good economic data coming (China PMI, ISM, Chicago PMI).
Nonetheless, we are still in the trading range 1175-1200. The breakout, up or down, will be epic. History suggests it will be down.
Where can the average jane/joe find this history?
TIA.
Recent historical examples are Jan and Apr of this year. After long bull runs, the market experienced sharp volatile trading, which was a topping formation.
SPY chart from April 15th to May 3rd shows the "Greece" top. What followed was the Flash Crash on May 6th, then the $1 trillion bailout announcement by the ECB on May 9th. Eventually, a S&P drop from 1212 to 1040 ensued over one month.
SPY chart from Jan 12th to Jan 20th is another example. The S&P drop from 1150 to 1044 occurred over two weeks.
This potential top is more like the April top, in that we experienced a nonstop S&P upside barrage for approximately two months, culminating in heavily overbought RSI readings ~80 in SPY, which are rare. We've had QE2 and Ireland bailout already. The Euro is dropping like a rock, though to be fair, so far we have seen weak downside correlation (intensity-wise) with EUR-USD and SPY unlike we saw in April/May. In other words, the SPY should be down much more after the recent move in the EUR-USD, which means the bulls are resilient so far.
Can't say for sure that we break to the downside of course, but sharp volatile trading after long bull runs is a key signal for an imminent reversal. If 1170-1175 breaks, we should quickly move to the 200 day moving average near 1130. I think we visit ~1200 one more time this week though first because China PMI and ISM releases.
Sorry for the long reply.
Couldn't agree with you more. Cheers!
Thanks erik.
BTW, very well done.
You are correct, the breakout will be epic but I gotta say, it's looking more and more like up and not down. Big turnaround day today. Much different from 11/22-11/23 example.
I look at Harry's explanation. I look at Erik's explanation. I shake my head...
Hate to spoil your fun but Jupiter alread owns Europa(http://en.wikipedia.org/wiki/Europa_%28moon%29) in fact Europa is
a sattelite state of Jupiter, so any bailout will have to be approved there 1st
We are nearing the abyss....a black hole by end of January.
You are under the false assumption that there has been "no news".
In fact, there has. It just hasn't been released to the public yet. The Wall Street insiders already know what the news is. We'll have to wait until tomorrow to find out.
Giant Squid has lift off, and go for roll maneuver, over.
Roger that. Roll maneuver commenced. Good to increase power to 110% Houston.
Did NASA take out some AIG CDS on that flight in case the shuttle Squid-Challenger-Columbia loses a couple of tiles or a Lloyd briefcase size piece of foam?
+47
dup, d'oh!
Ha, Ha.
Except the ambassador knows the Federation Reserve Bank already got caught holding the bag in 2008, having 'invested' in 'AAA' US$ denominated securities sold by a travelling space merchant.
They weren't to happy about that shipment of 'Afghani Gold' that turned out to be Oregano either! No more credit for us.
Augghh! Brussels' sprouts with eyes!
+ area 51
Waddel and Reed trying to make good?
LOL, yea, I think I saw that. You know, why the fuck not?
We know it's rigged.
They know it's rigged.
They know we know it's rigged.
We know they know that we know it's rigged.
What's left to risk at this point? All credibility is forever lost. They might as well just 'go for it'.
We're a knowledgeable people.
Yup. And what they're hoping for mass self-delusion -- specifically, that we'll pretend that we don't know it's rigged.
Not even that. They're just shooting for trained monkey status. See the futures pop? Put your money on black.
Simple.
We can always try electro shock therapy if the monkey fails to respond.
Netflix will however bail out Andulusia
Andelusia (fixed it for ya! :>D )
What austerity measures will Jupiter require?
Sickening.
I'm sure CNBC will report a "rally" based on investors seeing Europe fears baked in.
Oh yea, they broke-in and said the market was rallying back with huge shit-eating grins.
a Bob Pisiani speciality
"The important thing here..." What a d-bag!
Is that really Bono disguised as a North Korean?
yup....the standard 2:00 pm "lift-off" (most days for last 20 or so) They were a little late today...2:30-ish. Would love to be a fly on the wall(s) of the big dicks hangin up their phones "yep...time to goose the bitch (again)"
although, it's much more thrilling when they wait till last 30 min or 10 min to reeaallllyyy stick that prod up its ass. that's so fun: another miracle finish. hot damn
To regain credibility, CNBC should start pushing penny stocks.
Here's all you need to know about CNBC, MSNBC, NBC, etc.
GE Total Debt: $495 Billion
As far as they are concerned, deflation is not an option.
Thank you R2D2.
Threepio! Threepio!! Shut down all the trash compactors on the detention level! Do you copy?!
If you have never seen a manipulated market now you know what it looks like. PPT!!!
Yea, that's right. But, nobody will give a shit and/or they will actually approve of it because their own statements look bigger.
It's hopeless.
We were in murky water after the first POMO, but the second POMO seemed to do the trick.
Pretty simple. Hit it hard. If it doesn't work. Do it again with a bigger hammer.
The optimism feeding tube will be rammed down your fucking neck one way or the other.
Phoenix Journals - aka Galactic Federation of Light - they are here to save us from Satan....er da Cabal...
They are here to save us from the polar shift....watch the sky and see the planet Niburu as the sun sets and rises.... go check on youtube...u will c :)
Or go buy an Ipad...lol
Again, it's all about the range.
BREAKING NEWS Huge paper gold deposits located on Uranus.
IN Uranus....TSA called to scene for extraction.
while european your pants
Escapekey meant ON. You just need to put a physical squeeze on the paper to wipe up the mess.
EDIT: Toilet paper ads are showing up on this thread in the little ad boxes.
and Jim Cramer ads... oh, same thing!
If you don't want advertising:
http://www.mvps.org/winhelp2002/hosts2.htm
Install the file(s) per directions and most ads won't even get loaded by your web browser!
Just keeping the sheeples at bay until breaking news of N/S Koreas declaring war just now can be forgotten. Since avg americans attention span is only 30 minutes tops, all is well and any news can be buried.
Same end of day ramp up on low volume that has been going on since the pre-QE2 equities climb . I've learned to look on with disinterest whenever things collapse only to be salvaged going into the close . Pathetic and tiresome .
All the usual suspects, REITs and financials 'rally back' on mystery buying pressure.
AHHHH, AAPL in the green, NFLX up ridiculous amount...all is right with the world.
and apparently Uranus loves burritos as Chipotle (CMG) also goes green into close.
they pretend to buy we pretend to sell , go mighty market go!!
I wonder what a 4 pomo day would look like????
Dow 72000 here we come.
Uranus... feedback loop... hmm... Coprophagia!
Two CNBC Analysts, one cup.
Now there's a mental image I didn't need.
Not even if one of them is Mandy.
dup
dup
Oil brutally bought. Crashing upwards toward 86. Robo must be puking up a lung.
My anus can bail out earth becuz I SHITZ GOLD BRICKZ, BITCHEZ
Thus spaketh The Golden Goose.
The Hucksters Favorite Claim:
I shit gold.
The Hucksters Favorite Negotiating Position:
My shit is worth gold... Your shit is worth shit...
It's a good thing this market trades on
technicals
uh, fundamentals
uh, non-manufactured earnings reports
my bad, I meant drug induced delusion.
Who needs drugs when ya got POMO & the Fed? (Ah, never mind)
The market just wants to go higher...why??/ I do not know...but i covered my CMG short, cause I want to have enough money to buy my kid the GI Joe with the Jung-Fo grip. with a wikileaks microphone hidden his ass.
*blip*
*blop*
*bzzt*
Who participates (human that is) in this shit anymore?
No one I know of. In fact 1 guy I know who traded daily with upwards of $250,000 told me the other day he totaly stopped trading 2 months ago.
Brian Sack. Oh, and also, Brian Sack.
BTW, did I mention Brian Sack?
You would think that after the Repugs took Congress, Dear Leader would let the markets crash. I guess The Big O is just a toothless puppet tiger.
All hail the new emporer, long live the FED.
They haven't taken their seats ... yet.
Look for it after the change-over is official.
Then you can ride Obama's ass.
Well, we all know that Uranus doesn't know shit!
I'm sure Erin Burnett is creaming in her pants about now.
Meanwhile life in Greece is all good:
http://www.cnbc.com/id/40412415
No payments for 4 years. Greece is officially on lay-away. Awesome. Party on.
urine ous or ur anus? Either way, it's a waste
Cyber-Monday exceeds all expectations.
POMO checks cleared.
Money out-flows from EU in flight to safety.
LHC used to create anti-debt to save PIIGS.
Wikileaks publishes Santa's naughty and nice list -- everyone on the nice list, except perma-bears.
etc., etc., etc.
hypothetical to surrealistic
Santelli calls the rally "mystic".
To clear this up conclusively Pisiani needs to make an appearance
Rick Santelli, CNBC just said the second POMO just finished and 'some' of that money may be getting put back in the market? And the bimbo said 'he just solved the mystery'
help us all
Which bimbo?
Were here titties jiggling inside her low cut blouse when she said it?
That's the only way I'll pay any attention to her long enough to her what she has to say.
AH right, that's the magic. TWO POMO's per day will make the market go up. And soon we shall have THREE POMO's.
A single viagra is no longer enough.
suck it up uncle ben, better double up
But the united federation of planets wouldn't speak English any way. (or use bernanke dollars)
Everybody knows, that the world is full of stupid people.
So um yeah, Bernanke, meet me at the mission at midnight, we'll divy up our POMO there.
I've got the pistol, so I'll keep the pesos......that seems fair.
What market?
http://finance.yahoo.com/news/Govt-opens-probes-of-Honda-apf-4200043341.html?x=0
oh, that thing that is supposed to be somewhat free and be somewhat efficient representation of underlying information regarding demand, supply and economic fundamentals? What fundamentals...
What a fucking joke this is---has anybody noticed that the dollar has retraced more than 50% of its move since the fed's announcement in late aug and yet stocks manage this bullshit day after day.
Amazing but useless info of the day (buy stocks!) U.S. has less manufacturing jobs today than in 1941. When it had about 170M less souls.
http://www.fundmymutualfund.com/2010/11/america-has-less-manufacturing-j...
The 50-day MA held. As long as I'm in synchrony with market, I don't personally care about the direction. However, with SPY trading at 45.7 P/E and yield at a paltry 2.03%, we are priced for perfection. That's not a good place to be for long-term prosperity. We're setting ourselves up for another catastrophe. I'm convinced that Wall Street, after being endlessly but routinely bailed out over the past two years, is so drunk on the Fed's printed prosperity that they are oblivious to the risks. But the bigger they are, the harder they fall. And when they fall, it will be ugly indeed!
Debt debacle straight ahead!
What happened to the plan to take Antarctica as collateral?
No, there's the ancient outpost, is the last line of defence against the Goaul, we can't afford to lose that!,
nevermind.
I have one right blinker going nonstop.
msft.
Only an orderly collapse of the markets is allowed.
+ 2001
...A Space Odyssey ;-)
Is that Wall-E in the foreground?
That's not good. Since it appears he's done cleaning up Mars, that means he's ready to visit Earth. Which also means we're just about finished polluting it and we're ready to leave.
I call first dibs on the co-pilot's seat.
They look homeless bunch these martians
+2010
...A Bailout Odyssey ;-)
LOL; Good one WB7.
Should we send ATMs to Mars to find "intelligent" life?
That is doable ;-)
Bob Piss-on-me "The Fed is using some actions of its own, and that might be having some effect on the market".
Someone give me 10 billion and I could have an effect on the market too.
The operative word is "might". Gotta maintain that plausible deniability at all costs.
Paaalllleeeezzzzeeee we all knew this is going to happen, tomorrow is another day, eh!
LOL
LOL
LOL
LOL
LOL
LOL
LOL
LOL
gasping for breath...
LOL
LOL
etc.
Too much lollygagging.
How long can someone eat the shit that is supposed to hit the fan?
Bloomberg headline -
U.S. stocks recoup much of day's declinePart of what is happening this afternoon is the realization that everything happening in the eurozone is not as bad for U.S. equities as European equities," said Art Hogan, chief market strategist at Jefferies & Co
PRECIOUS!!!
therefore it must be bullish
Oh, and by the way, fuck any and all correlations beyond Brian Sacks handouts.
Huge dollar strengthening creates massive move to commodities??? Hmm, I think I've heard 'bout this one in all the end of (dollar) times flicks / articles of late.
Best of all it's done on no volume on the down side and even less on the upside.
Now we just have to wait for the whole CNBC crew to start talking about the credible decoupling theory.
Yeah, a EU/US pair trade, yeah that is the ticket!
This guy is a fucking shill.
Double post. Deleted.
Which doesn't explain why DAX and FTSE futures are on a tear too! Toss pot...
S&P futures currently soaring on some combination of crack cocaine and steroids .
Goldman agressively buying futures..hmmmm Can it be??
NFLX $10 billion market cap and the barriers to entry are....?
It's cool. I long ago stopped watching the market on a minute-by-minute basis.
Now I watch it on a nanosecond-by-nanosecond basis. I want to be able to forget about my long term positions while I blink. It's very comforting to know that I'm at zero market risk between synapses firing. I recommend this kind of long term investing to everyone.
HFT algos still not perfectly tuned to the ideal of a square wave shape, which would make market action so much more believable.
where's rufus t. firefly when you really need him?
ES-ZB
http://99ercharts.blogspot.com/2010/11/es-zb_9492.html
The first mill to announce was U.S. Steel, which sent out a memo to their General Managers of Sales earlier today. The mill took prices up on all flat rolled steel products – hot rolled, cold rolled, galvanized and Galvalume.
"Given the continued escalation of raw materials input costs and changing market conditions, base pricing for all new Flat Rolled Products spot orders is increased.....Pricing extras, as published on our corporate web site, will continue to be fully applied."
Got "X" ?
.
Say ello to Ben's leetle freend!
Of course the markets are up. Friday was a day off for POMO due to Thanksgiving. Shit, Even i took the friday after Thanksgiving off. POMO and the Fed are now back and in full vigor.
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You are not a unique and special snowflake.
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Take that!
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And that.
...That's not a snowflake.
Gives "cyber-Monday" a whole new perspective.
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Make mine a double.
Oops - server burped. Dup.
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