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Green Shooting Girls Who Are "Less Bad"
Hilarious how these companies are reporting horrid results, yet stocks are rallying huge anyway.
Like getting set up on a blind date with someone you are expecting to be a little "plump", but you find out that they have extraordinary breasts:
Exhibit A is CBS:
"Revenue fell 11% to $3.01 billion. Analysts polled by Thomson Reuters
were expecting profit of 13 cents a share on revenue of $3.03 billion.
Television revenue fell 10% to $1.95 billion in the second quarter on
weakness in advertising sales, primarily at the owned-and-operated TV
stations. Ad sales declined 13%.
Operating income dropped 44% to $264 million as costs increased from a year earlier"
Those dismal results really didn't matter. The results were "less bad", and the stock was ramped 25% on that news.
The fund managers are desperate. They will buy anything and everything in order to "catch up" from a miserable 2008.
Pretty much a disasterous week for various hedge funds caught short, and today was definitely a bad day for the GridBot Forex players.
But the Japanese Housewives who were shorting Yen and going long dollars were having a field day:
Look for the new ads from 2007 to come back to lure in the asian females, working at home trading currencies:
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Pisani now saying that buying dollars is "risk" trade!!!
What a doofus!!!
Lol, out of the millions of words the guy types a day in his blog, and the videos he posts with them, I don't remember too many being right. I agree! Although, if the thing breaks 1.45 against the EUR, we could see further destruction in the USD. Maybe a false breakout. In any case, I'm long USD. I guess that makes GS long EUR :)
Top Heatmapped NYSE stocks today:
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someone made a fucking fortune buying AIG three days ago, fucking SEC should prosecute those who had the insider knowledge if AIG Q2 report, because there is no way anyone would buy a share of this death behemoth without that knowledge ..
Yes, perhaps the "Joker", the new SEC enforcement Director, can get right on it after he's done making his speeches and praising his first 100 days.
they guy is simply unbelievable. i mean how much of a moron do you need to be to make that kinda speech ...
Lol!
There was no quality in the earnings and little was made of the fact that they stopped paying interest on their debt amoung numerous other accouting shenanigans. Setting up as a good "short" prospect via puts.
AIG is such a rape cannon. I am, however, in awe of this stunt. It's been a nonstop fuck machine for the last week. Even CNBC was discussing it in a, "Why the fuck are people paying actual money for this crap" tone the other morning.
Everything is over the 200-day:
All the pundits on CNBC this afternoon claiming "no rush to buy stocks now", a "lot of risk out there" or a "correction is imminent", some managers are still "sitting on cash" waiting to buy.
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I notice people are starting to troll, saying TD is 'losing people money, congrats'.
Did I miss something? I came to ZeroHedge to know more about the truth about financial markets/participants, and if that leads to me making some money, great. But ultimately, I decide how to invest my money, not Tyler Durden.
What we are trying to accomplish is large scale reform, not short term profits! WTF??? How could those two possibly be confused for one another? I guess some people are only ever thinking about money, and they project their 'values' on to all around them!
If the two goals are congruent, great, but lets not think for a second that short term profits is Zero Hedge's reason for existing!
Shows you are on to something, and they are sending the 'dogs' after you. You can always tell Disinfo agents on the web, because they all the have very similar scripts.
We have no trolls here, some of us make a living on trading and must go which ever way the market is going, even though we make fun of the silliness.
29841...well said. TD has never made a recommendation to my knowledge as well (been here since very near the beginning).
Seems to me TD is pointing out and talking about those financial matters that interest him and that he is knowledgeable about. People are welcome to agree and disagree. On that note, I've noticed that there is no blocking of any comment by ZH; all are welcome and people's comments, interpretation of facts (or fiction as the case may be, lol), and opinions are judge on the merits.
I've noticed the calls to strike the "anonymous" posters. My guess is that it will never happen.
I fucking love seeing the first amendment free speech right in action and this is one of the best places anywhere for that.
ZH rocks but this is untrue, "there is no blocking of any comment by ZH." I replied to another post elsewhere earlier today that there was other agreement with (29420). The original is gone now, bit surprised but I guess it's TD's site to censure as he wishes (the post was slamming Rosie, guess that's politically incorrect here). But don't naively think it ain't happenin', bro.
not true, look more closely. i have cursed, insulted people, been a bigot and wrote in a foreign language and all my posts are still there ... check again ...
it is true what he says, I've said some pretty stupid mean things and unfortunately, they are still posted.
OMMMMM
alexander...your comment is notable. I would be curious to hear from TD on this matter.
Thank you.
spam gets yanked... i dont know how he has time for all of it.. maybe ZH is outsourcing already?
One thing is important to understand, first amendment means that the GOVERNMENT will not prevent you from saying anything you like. It isn't the same as a private individual or entity preventing you from saying it with their resources ;) But yes, ZH is actually one of the only places I don't take one to the chest for admitting in public that i'm a capitalist. (Which I do all the time, and get a lot of flack for. Whodathunk it would come that that in this country someday, let alone today.)
i thought TD has posted numerous recommendations to napalm GS brass
I went to all cash in Oct 2007 and stayed there. I'm up about 3.6% and am perfectly happy with it. Did I miss a huge opportunity? Hell yeah! Is it the first time? Hell no. I read ZH because it great for knowledge and directional but I invest based on my own criteria, sometimes you win sometimes you lose but never fight the tape if you are a trader. I'm about capital preservation right now and being nimble.
ZH does a great service to it's readers.
Any person who invests with the information made available on ZH and does not also employ his/her own brain should seriously consider parking their money on the craps table, likely to get better returns over the long term... not.
Amen Anon #29841.
Thanks Tyler and the rest of the crew.
Robot, I love your commentary. Too funny and insightful.
The US has too much debt......WAH!!!!
The government is spending too much......WAH!!!
Dennis Kneale likes sucking horse c**k.....(true)
High Yield debt is priced at ridiculous levels, it's all going to default....WAH!!!
Stocks are over priced......WAH!!!!
The dollar is getting killed, we need a strong dollar.....WAH!!!!
Cash for Clunkers is bad.....WAH!!!!
Obama sucks...........WAH!!!!
The Green shoots are weeds.....WAH!!!
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All of it irrelevant "newz noize"......meanwhile Trader Joe is making money hand over fist......and was also making the long green all the way through the 2007/2008 cremation.
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REITS entering into "Tech Stock 1999/2000" parabolic blow-off mode.....um.....maybe?
TJ have you thought about starting a blog here as well? I know you're limited in what you can say but I'm curious to know more about your thinking (eg. PCS yesterday), not so I can blindly follow it (and blame you when I f@#$ up) but so I can get a better grasp on trading generally.
Thank you!
Time will tell "friendo".....time will tell.....
Stay away from her, she's a predator.
...masquerading as a house pet.
Man if I had nailed the 03-08 run- cremed the 07-08 cremation and boogied all the way up from March, I'd be droppin into a couloir in New Zealand- gettin barreled in Tahiti or purchasing some first class Russhky hooker time in the Hamptons at least. Instead of chewin out poor Dying Bear on these boards when he's tryin to enjoy his ramen and drown his sorrow w/his crack sweetie in the back seat. Show a little mercy please.
when I lived in India, I always used to frequent a great little restaurant that went by the name of 'We Are Less Dirty.' I think many of these companies have been using the same advertising strategies to facilitate ramp-ups.
Really that is the most profound thinking I seen today. In a way it is true. Some off these people appear that way since happy cows give more milk but a cash cow can be sold on a moments notice if they see any overheating or crosslicensed agreements are expiring as some internals are in a few areas im sure. A new table is being set and who is being served is the entertainment. Should be a great show when the latency to the down side shows its true pale color to so many consumers by later fall.
Putting the equity market aside for a moment (since it has a mind of its own in the same way a 16 year old boy’s penis has a mind of its own), I have a question or two for the economic bulls:
At some future date, during a major economic expansion that CREATES 500K jobs a month for eight or ten months in a row (this is truly hypothetical), when there comes a month when the economy ‘only’ creates 247K jobs, will the bulls announce The End of the Expansion?
Will the President call a press conference and say “We can see clear signs that the expansion is finally coming to an end, and I believe our policies over the last six months have much to do with it”? Or say, "There are a lot of discouraging signs out there in which I think people can reasonably feel some trepidation"?
Will Dennis Kneale have footers on the screen while his show airs on CNBC stating “The Expansion is Over”?
Will Larry Kudlow NOT use the phrase “Goldilocks Economy”?
Will stocks that announce earnings SLIGHTLY WORSE than expectations immediately tumble 70% in a day?
Will Abby Joseph Cohen announce her S&P target 30% BELOW the current close?
Will the pundits say “there is absolutely no money on the sidelines waiting to come in”, or “there is $9 trillion in the market waiting to get out”?
Looking forward to seeing it when it happens.
Great post....And I'm personally waiting for CNBC's upcoming "market top" edition of Squawk on the Street.....
Chindit! I've been hoping to see you make the changeover from the Blogspot site. I always liked your posts.
Things are really getting crazy.
Check out these retail stocks.
Green shooting bonanza.
Chart Image Code
Robo... as always great job. I have one question... what are these retailers selling??
I'm serious...This weekend I traveled to NYC. I drove along the Jersey turnpike and it was surreal- lots of cars but FEW trucks. I would gues-timate that the trucks traveling in the opposite direction were one every 7-10 seconds. More telling were the parking lots full of skeleton trailers stacked verically to conserve space. (These skeleton trailers are used to carry the containers coming directly off the ships.)
Also, there is several million square feet of industrial/distribution center space available- most courtesy of Cushman. But, don't worry, there is no commercial real estate problems. If I owned ProLogis (PLD) I would be concerned.
I tried to see if the NJ Turnpike authority published the stats on the volume of truck tolls, but they haven't released the 2008 Annual report yet. I would love to see this info on a month by month basis.
Just my two cents.
I really wonder who has the nerve to buy these after hours in thin trading on a Friday afternoon?
Never underestimate the instinct for unemployed gamers to gamble their meager savings in order to attempt a Hail Mary pass.
Excerpt from another board:
"My buddy owns 500,000 shares of FNM, so he was having, at first a great week (up $120,000) then a depressing end to the week, (back down $95,000). FNM closed today at .67. Then my buddy calls all happy and says FNM was now trading at .84 in the aftermarket and FRE was up to 1.17. So he made $84,000 in the aftermarket."
After hours:
FNM Fannie Mae 0.85 +0.19 +28.79% 14,422,112 FRE Freddie Mac 1.28 +0.54 +72.97% 12,677,148One day, in the not too diistant future, the pump will shut off or fail, and those cynically holding garbage stocks will find that their stop loss orders have gone to the LFT room.
Lots of Wm. O'Neil's favorite "Cup and Handle" patterns in the oil service sector.
Just sayin', so you guys can make some money if this call is correct.
Watch for money to possibly rotate out of retail and REIT's into this group within a few days:
Thanks for the heads up RT. I'm seeing so many C/Hs and range breakouts I'm having to try to narrow them down by volume cues.
Classic work to a classic time. Thanks for the fun and insights RT.
Everything I post via the "Post new comment" screen automatically shows up as "Anonymous."
How does one use/enter an alias on the "Post new comment" screen??
I had the same problem. If you want to have a blog name you must use that name when you sign up as a member. If your user name leads people to your mother, you must email Marla and she will make the change on your username. Then,when you log in your blog name automatically appears.It will also appear on all comments.
If you do not want to look like SpongeBob Squarepants at a meeting of the Sav-Way branch of the KKK, you can load up a picture.
register on the left or leave a alias at the end e-mail style, a few folks roll that way
RT, FWLT had the cup and handle breakout. Same pattern as above charts. Also Jimmy Jones has his mojo back. He can bark out any 3 or 4 letter symbol and it's like a squirrel diving in a pile of nuts in the aftermarket again. When we were crashing he was the obnoxious kid no one wanted to play with...anything he mentioned imploded. Your comment on sentiment being gauged by crack head cramericans was spot on. They have been downright wet your pants bullish trying to pull back in on margin the cashed out soccer moms, barbers, and hairdressers.
It's a pattern now. Almost 15 years of new and creative ways to implement the use of moral hazard to stoke bubbles that go haywire and morph into crashes. No bull or bear markets anymore. So whats next ? The Cash for Clunkers Bubble or the Government Gimmick Bubble to get the sheep to spend their last dime making them feel they are getting something "free" when in fact they are going further into to debt. The stock market is leading the economy again cause in order for the economy to work since we don't make sh*t, people have to spend money. So...rig the market so people "feel" richer.
By now everyone who has traded this for 10 or 15 years knows the game. For unforeseeable future we will be limited to 3 hour bear markets until the "F**K you pay me" retail investor who got flushed out at the lows "chases" with whats left of his or her cash worthelss stocks at absurd prices.
Then they will ride it down again when the bubble goes into "controlled" crash mode.
"spend their last dime making them feel they are getting something for free when in fact they are going further into debt"
Beautiful. Truer words never spoken and all that. Encouraging reckless behavior is now official policy. "We're up to our eyeballs in debt, so you should be, too." Perhaps all the car loans created by this program for people who had very good reasons for driving old and decrepit vehicles (no money and no credit) can be packaged, rated AAA by Moodys, and sold to insurance companies, who can then be bailed out when these, too, go bad.
I've used this analogy since the beginning of the bailouts, and it still holds. We've got a gaping wound, so we stick a knife in it hoping that will stop the bleeding.
Re: the cash for clunkers program....anecdotally speaking, huge impact out here in Colorado. I am staying with my GF at her townhouse complex and the number of new cars in the lot in the past week is staggering. Everyone one of them a "little green machine."
Personally, and as stated on other occassions, I don't have anything against this program, and at just a few billion, it's a drop in the bucket. Shit the bonus' at Golden Slacks are goiging to pay out at a multiple of that number.
Our tax dollars at work, bunky.
I cannot say it, see it anyother way, we are in the eye of a huge hurricane. When we get out, and the deluge begins, we will all be wet to out skins.
For now, it is clear sailing if you look straight up not in anyother direction, it is sunny.
The hole in the sky gets larger--more bank takeovers tonight--FDIC will need more crumbs.
http://www.fdic.gov/index.html
Not to try to be too insulting.
1) take a look athe zero hedge manifesto. nothing about investment device.
2) All of the analysis means nothing in these low volume markets when government gives goldman unlimited money to play with. they know when you short, and will just keep pulling short squeeze over and over and over. Haven't you figured this out yet
3)Why poeople bother to try and figure out analysis, and technical indicators when above is ture. It doesn't work in a manipulated market!!!!!
4) When there aren't enough people holding or trading stocks to make i=the index go down, it won't against goldman. this has been true since the bottom, and why early on we had the bigger losses. the market had enough players. they left, and goldman was left alone to ramp up the runs. this is they way it's working, but is so clear. come on folks some things are so simple even I can figure it out.
Wow robot, if that girl is "plump", hate to see the biafran chick you call lean:)
Otherwise, the game continues until it doesn't.
Or, it doesn't matter til it matters, then it matters a lot.
Or........
40muleteam borax
Dude, that's cruel. You KNOW my brain shorts out
and I can't think when I'm looking at a picture
of a hot chick wearing practicaly nothing.
Oh I see. You're practicing for when you work
for Goldman Sachs in the Ministry of Truth
department.
Okie Dokie.
RobotTrader,
First of all - enjoying the damn charts, keep them coming. Secondly, anyone who didn't close their Yen position an hour before NFP was seriously violated in the hind from the gap up and beyond during the NY session.