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PIMCO happy, Bernanke happy, Dollar mauled, $2.6 Billion POMO closed, Stocks flying. All is good.
I'm telling you, Chinese are dumping like crazy
we have oil lift of; and i have only three words to say; MAKE IT RAIN
my Asian shorts will bring me mucho dinero tonight.
I agree. I think of this as the ant vs. elephant fight. If there are some ants, the elephant kills them. If there is an army of ants armed with chain saws, the ants win.
This might just be the ants armed with Chinese made chain saws.
Every in the MSM wants to believe China will save the day. What happens if they don't?
my man, its not that your explanation isnt sound. it could very well be (would love to see the data point), but the OMO completion was announced around 11, that means they were buying around 10. Its too coincidental that DXY puked right then, all at once. (and SPX went up)
Spoke with some FX desks, you would have needed 1.5 - 2 bl dollars to sell to move DXY the way it did initially. and, wow, what was the OMO for? 2.5 bl? shocking how ridiculously close those numbers are.
every day the dollar weakens is a day the baltic states become less and less competitive and China has to work even harder to keep its currency down.
Lizzy - wonderfully timed comment, lol. ;)
I thought you said you didn't care about money? :)
i dont, its just a way to keep score.
Something is amuck. They know that China's bubble is crashing, and are doing everything to keep our markets from going to shit.
I am so sick of this blatant manipulation. Fuck Pimco. Fuck Bernanke. Fuck Turbo Tax.
RDN very was leading the market higher today.
Goldman and Bank of Amerika run the markets along with Geithner, and beagle boy Ben. There is no free markets, only welfare capitalism and socialism for capitalism.
good articles; good articles 4 slow news day ..http://www.. hat tip: finance news & finance opinions
Plunge Protection Team is in full action. Or whoever they've outsourced this job to these days. GBP/JPY went up and down like a crazy horse and now back up again. Thankfully I took myself out at the first start of the upturn around 13:00 GMT, seen that pattern too many times to give back gains again. Cable was slow to catch on but finally put itself in reverse gear and TP stop got hit.
Lesson for you gents and ladies - if you got profitable short positions in Asian and London sessions, be sure to take your thumbs out of your arses and watch them closely during the NY session otherwise be prepared to give it all back.
As we all know. Central banks are rarely effective in dealing with curreny. the mrket is wway too huge for any one entity to control. So eventually what is a right value will prevail
And what about several entities acting in concert?
To TD: how ould the s&p jump a whole 7-8 point in the doldrum time,just before traders go to lunch?may be you can show one of those screen shots in regard to volume!!!
yes, i am looking for a nice explanation on this ridiculous (and painful) short squeeze. the DOE report this morning was enough to chafe me but now this equity move is killing me. come on man!
I second (or third) that request! Although it's pretty obvious where the 2.6 billion for the ramp job came from, just want to get an idea of what to expect at the stick save
Its the dollar. I have no financial background, and even I can see that.
Dollar is starting to rally, cause China's bubble is popping. So Pimco comes out with a nice little story about the dollar no longer being the reserve currency so more of the idiots will short it some more, it drops like a rock, and the markets immediately move upwards. Its all computers, when the dollar drops, the computers buy. stocks up a percent, dollar down a percent. No one made any real money. Its not the PPT. You move the dollar, the program trading (which is everything that's going on right now) does the rest.
Uncle Joe's Budget
Wages = Down
Home Price = Down
Fuel = Going Up
Food Prices = Going Up
Money Left for Discretionary Spending = Zero
Things he has to have will go up in price, things he already owns will go down.
Gallon of gas: $3.50 on mastercard
Utility bill: $500 on mastercard
Christmas gifts for the kids: NOT GOING TO FUCKING HAPPEN!
Living in a tent city: Priceless
Inflation is more than higher prices. It is also a lower quantity and quality of goods and services for the same price, and new fees and taxes.
wtf is going on in our markets, why do we keep having days like this? i'm seriously at a loss to understand this...
option expiration = premium burn at the 950 pivot is my guess
where is max pain now?
excuse me 995 pivot - 950 is the wall of support
see the ROBOT's market summary from the other day. Excellent visual, it's all about delirious herd moving in and out.
That was a tiny POMO. Not the kind that should drive a market like this. Was this emergency POMO (did it catch everyone off guard?)
Here's a thought. Could it be due to the Gold ETFs? Do they play daddy in the COMEX markets?
To: US Working Stiffs
Re: Take That
How dare you cut spending and start saving! Can't you understand what those dollars you've been diverting to your local credit union and mattress of choice will be worth once we finish with you?
Look at all the money you could have made had those savings been invested in the market. Your behavior is irrational and illogical. Call your broker, buy more crap, go deeper into debt and everything will turn out okay.
Amen to that. S & P up nigh on 17 points (sorry, just gone to 18 1/2) since the open, following the overnight fall in Asia one would have expected (oh, no, not these days) some caution. When this pops in the US/UK it's going to pop big time.
Don't Fuck with Mandrake!
Well who knows what will happen with China tonight? Remember their market crashed 70% when the credit crunch started. People may well become nervous again with that event in mind and simply flee the market, now that it's off 20% from the high.
What drove the market up like that?
One of these days they are going to create such a vacuum underneath it will implode underneath their manuplation so fast it will take even the HFT manipulators off guard
I wonder what the straw will be. Maybe Iceland completely implodes and just stops paying?
This market is like a upper cut from Tom Cable
Did today's FRB PR about margin changes at the discount window trigger the chart erection?
"New Discount Window and Payment System Risk Collateral Margins Table, Effective October 19, 2009"
Who gives a f@ck if the market goes up or down. I'm all cash and giving the birdie to the Goldman cabal, I'm not willing to continue to become road kill everyday. Some one here obviously haven't learned their lesson yet.
It is to be assumed that the large structural works in order to rebalance the economies have to be seen through equities markets only?
So far nothing that has not been seen in 2005 ,2007,2009
Monetary policy expansion
Interest rates down and further
Fiscal policy will be up and up
Fiscal paradises the new axes of evils
Currencies few whipsaws
Balance sheets fraud and fraud and misrepresentation of truth (allowed)
When will we able to afford to be honest?
PS even the math quiz does not tolerate a true answer
Why do so many of you good people stil think that what we have can in any stretch be called "markets"?
The priority of Fed to defend all markets is in the following order: stock market, treasuries, US dollar and house market. Get bullish!
I think they are overstepping the mark and creating a superbubble, but that's what they are good at so why stop I suppose.
After all, the real world must be in a horrific state if they are still defending them this strongly and so persistently
As the VP said.. got to keep spending to keep from going bankrupt
t=The bubble has already been inflated. They seem to be trying to move it sideways lately rather than to keep making it bigger.
I don't think so, even though it may seem like it at the moment. It's very easy for the Fed to move people into bonds. The only question is when they will do it. Not if. When.
Remember QE, Fed really does not need you and me.
The Fed would get far more friction in the economy if they did that defense in reverse order.
Agree. If that happens, US economic will be in much big trouble.
Amazing. Just amazing. Thanks for the information Vanquished.
um, ya.... thanks for the info.... vanquished........ didnt realized u were on the phone with me..........
Proper order is: Stocks up, treasuries up, houses up.
Gold down, oil down,(inevitably)
These people are just sick.
I'm thinking about diversifying my hard cash into some other currencies just to hold for awhile, but I'm not a big forex guy. Does anyone have suggestions?
I'm thinking a good share will be Canadian dollars. Other recommendations?
The loonie has had a good run, don't think it could go much further.
AUD looks tempting
The Japanese won't be too happy that the Yen is heading higher, but the US gov don't care about anyone else as long as they can keep the stock market soaring.
after all if you can keep coming out with strong dollar statements month after month whilst the dollar falls off a cliff, you must be either stupid or ..... stupid...
AWSOMO has a new upgrade, the herd following algorithm. Forget all about fundamental and tech analysis. Those are just the memories from the past. Today, it is all about daring to jump in with the herd. The real strength is in the numbers. When we are together, we can achieve our dreams & improve our returns. YEAH we can.
p.s. This message has been approved by whiteflag.gov overseeing authorities.
This is short squeeze until you see a blow off top. up side capitulation is needed before yogi bear comes out of his hibernation looking for someones pickinck basket.
I am a tech guy and i really need a mirror image of what the spx looked like last oct or this march. I need hard upside moves on big volume four or five days straight through the upper bolli band. High confidence, and everyone is happy and the sun is shining everywhere phycologically in the press. The opposite is what happend in nov and march to flip us to the upside so the same tech applies for the reversal. Bottom pickers came out when shit was horrible and there was no light at the end of the tunnel, we capitulated and reversed. I am waiting to see this and i know it is going to happen soon. but i need to see the tech happen like how i describe above in order to act. remember, this thing will only flip over when everyone is super confident that things are awesome and i see 4 or 5 days of action through the upper bolli on high volume. Until then, were still moving higher i am afraid.
If you wait for exact duplication, you will be on the sidelines when the market moves next. Sometimes, that is not so bad I guess. Personally, I think that momentum is changing away from the bullish category.
No Susan, you are not delusional and paranoid, there is a conspiracy against you.....
"Demand for Treasuries will be sufficient to absorb the record amount of debt the U.S. is selling amid a $12.8 trillion pledge by policy makers to combat the recession, according to Goldman Sachs Group Inc.
Purchases by foreign investors will be augmented by appetite from U.S.-based buyers looking to add to savings or increase the duration of their assets, Michael Vaknin, an analyst for Goldman Sachs in London, wrote in a note today."
- no conflict of interest on this opinion - nope - Bernanke says hi!
The market is fine since early March. You all need to wake up and realize the crisis is over. I can't stop laughing at these bears!
Jim Cramer reveal yourself !!
All your dollar are belong to me.
Resistance are futile.
Cheeky has a better win ratio than Goldman Sachs. Supposedly.
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