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It's All About Ben

RobotTrader's picture





 

Never seen so many eyeballs watching the same microticks on 5 charts simultaneously and seeing virtually everything move in perfect lockstep tick for tick.  Everyone waiting and wondering about when and if Bernanke is going to make the cut or not.  Meanwhile Obama was desperately on the phone, attempting to get a post-SOTU "resubstantiation" rally in play.

At first, it wasn't looking good.

Then, things started to look a little better

 

Then, a sigh of relief when the tape didn't completely fall apart at the bell.

 

"Whew, that was a close call, Ben....."

 

No doubt, you could tell that "the fix was in" with the relative strength of the financials, the day after Cramer told everyone to avoid that group.

Led, of course, by the biggest derivative-infested toxic trash heap on the planet:  Citigroup.

So far, still stuck in this boring trading range. But the bears are getting more momentum and they need to push the banks off a cliff.

 


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Thu, 01/28/2010 - 17:04 | Link to Comment wang
wang's picture

Robo you are the master of captions

Thu, 01/28/2010 - 17:09 | Link to Comment Don Smith
Don Smith's picture

You missed a great title opportunity - "It's all about the Benjamin."

Thu, 01/28/2010 - 17:52 | Link to Comment Chopshop
Chopshop's picture

fantastic, Robo.

Thu, 01/28/2010 - 17:59 | Link to Comment crosey
crosey's picture

Just awesome!  Always nice to have a laugh at the end of nearly each and every trading day.  Thanks.

Thu, 01/28/2010 - 18:01 | Link to Comment Anonymous
Thu, 01/28/2010 - 18:04 | Link to Comment Paper or plastic
Paper or plastic's picture

Love your work! You know, about the time of that first picture of Barry, DJI @ 1082 and change, I think I got a "tingle" in my leg.

Thu, 01/28/2010 - 18:29 | Link to Comment Leo Kolivakis
Leo Kolivakis's picture
After surpassing expectations, Eastman Kodak (EK) surged 25% on Thursday, making Bill Gates and Bill Miller even richer. Will it be the turnaround stock of 2010?  

Today's market action:

Most active gainers:

NYSE

Nasdaq

Amex

Most active decliners:

NYSE

Nasdaq

Amex

Thu, 01/28/2010 - 18:13 | Link to Comment Leo Kolivakis
Leo Kolivakis's picture

LOL, the ZH fleas are out flagging my posts before I even post them...LOL!

Thu, 01/28/2010 - 18:35 | Link to Comment phaesed
phaesed's picture

lol, get used to it... happens whenever you have an unpopular opinion :) However I will say tomorrow I'm buying on the dip and gettin back into solars :)

Thu, 01/28/2010 - 18:46 | Link to Comment Leo Kolivakis
Leo Kolivakis's picture

phaesed,

I bought more solars this afternoon.:)

Thu, 01/28/2010 - 23:51 | Link to Comment Ripped Chunk
Ripped Chunk's picture

JDS Uniphase.

Fri, 01/29/2010 - 00:48 | Link to Comment Mrmojorisin515
Mrmojorisin515's picture

enough already, Seriously do you really need the validation that bad?  Did daddy not give you enough attention?  This crisis is so much more than solars and whatever garbage you cheerlead everyday!  I do not come here to read about investing advice, i come here because i once believe this "Give me your tired, your poor,

Your huddled masses yearning to breathe free,

The wretched refuse of your teeming shore.

Send these, the homeless, tempest-tost to me,

I lift my lamp beside the golden door!"

 

So please keep your advice to your own website

 

and on a side note, who is going to be installing solar panels on their house or what have you, when they cant afford a house?  And if demand drops because unemployment checks stop, hence oil goes to absurdly cheap compared to now, who is going to be heating their house/company with solars?  REALLY????  WHO, well it must be leo because he will supply all of the demand himself!!!!!!  Perhaps walmart will start selling solars at everyday low prices, if they can fiance their debt when interest rates are 30%

Fri, 01/29/2010 - 01:11 | Link to Comment delacroix
delacroix's picture

wal mart already sells a solar panel kit, in some stores

Fri, 01/29/2010 - 13:16 | Link to Comment Anonymous
Thu, 01/28/2010 - 19:33 | Link to Comment Unscarred
Unscarred's picture

happens whenever you have an unpopular opinion

+100

Keep doing your thing, Leo.

Thu, 01/28/2010 - 21:27 | Link to Comment Anonymous
Fri, 01/29/2010 - 00:22 | Link to Comment Missing_Link
Missing_Link's picture

+1000

Thu, 01/28/2010 - 18:36 | Link to Comment monopoly
monopoly's picture

you are 1 cool dude Robo.

thanks always.

Thu, 01/28/2010 - 18:42 | Link to Comment MarketTruth
MarketTruth's picture

RoboTrader says:
ALL YOUR BASE ARE BELONG TO US

www.youtube.com/watch?v=qItugh-fFgg

Thu, 01/28/2010 - 18:44 | Link to Comment Rainman
Rainman's picture

Robo...We need pics of purty girls and assorted scantily clad wimmins.

No mo Pics of Ben and Barry, please. It hurts my eyes.

Thu, 01/28/2010 - 18:48 | Link to Comment Leo Kolivakis
Leo Kolivakis's picture

I second you on that, Rainman. But Robo, leave something to the imagination.:)

Thu, 01/28/2010 - 19:41 | Link to Comment Unscarred
Unscarred's picture

I think ZH has finally gone 'PG' my friend (well, contributor wise; certainly not from the peanut gallery).

Could 3.0 be right around the corner... hmmm?

Thu, 01/28/2010 - 18:59 | Link to Comment Master Bates
Master Bates's picture

If y'all want to see boobies, go to PETA's website, and check out how they have a state of the union address.

You have to listen to a lot of boring blah blah blah shit, but the chick gets naked the whole time she talks.

Or you can check any one of the 99% of pornsites that make up the internet.

Still, the PETA state of the union is somewhat "respectable".  LOL

Have a nice day!

Thu, 01/28/2010 - 20:17 | Link to Comment Anonymous
Thu, 01/28/2010 - 19:01 | Link to Comment Anonymous
Thu, 01/28/2010 - 19:05 | Link to Comment 10044
10044's picture

Robo, go after chicks on fox biz, they're waaaaaay hotter than CNBS'. Respect dude

Thu, 01/28/2010 - 19:05 | Link to Comment Instant Karma
Instant Karma's picture

It's all smoke and mirrors and misdirection and misperception.

The markets have resumed a deflationary collapse that first occurred between 2000-2002, raged from 2007-2009, and, after a brief reflationary pause from March 2009-December 2009, is resuming again. Get your Greenbacks on and sell the rest.

Deflationary collapse. Again.

Thu, 01/28/2010 - 19:07 | Link to Comment Anonymous
Thu, 01/28/2010 - 19:23 | Link to Comment deadhead
deadhead's picture

banks.will.tank.

 

Thu, 01/28/2010 - 19:44 | Link to Comment Howard_Beale
Howard_Beale's picture

banks.are.rank

Thu, 01/28/2010 - 23:35 | Link to Comment deadhead
deadhead's picture

where the hell have you been Howard?  I hope all is well.

you gotta be looking at some longer otm puts on STI.....

Thu, 01/28/2010 - 21:09 | Link to Comment Rainman
Rainman's picture

Principal park down street today.

Thu, 01/28/2010 - 23:34 | Link to Comment deadhead
deadhead's picture

perfect for dirty old men?

yes, absolutely, as long as i keep my defibrilator nearby!

Thu, 01/28/2010 - 19:33 | Link to Comment Careless Whisper
Careless Whisper's picture

Yeah, the financials were strong and GoldmanSquid put STI on the convict buy list. Well most of you know the drill. It gaps up large and Mr. Big Time hit the bid all morning and during the afternoon rally he sat on the offer selling a bazillion shares. I guess we should give the Squid credit. They good. They real good.

Thu, 01/28/2010 - 19:52 | Link to Comment RobotTrader
RobotTrader's picture

No hot chicks unless the market goes back into rally mode, or if some Low Grade Screamer like PMCS launches up a huge percentage.

Its "hunker down" time....

LOL....

 

Thu, 01/28/2010 - 20:07 | Link to Comment Anonymous
Thu, 01/28/2010 - 21:54 | Link to Comment Unscarred
Unscarred's picture

YIKES!  Take it down, Robo!  TAKE - IT - DOWN!!!

Thu, 01/28/2010 - 23:37 | Link to Comment deadhead
deadhead's picture

NO MORE KATHIE LEE!

 

And, Robo, don't even think about posting any of your Cali girlfriends like Pelosi, Maxine, or Feinstein.

Thu, 01/28/2010 - 20:07 | Link to Comment Rainman
Rainman's picture

We are being punished because Robo's going long.

Well, that makes sense. LOL.

Thu, 01/28/2010 - 20:07 | Link to Comment romario
romario's picture

wtf

Thu, 01/28/2010 - 20:31 | Link to Comment Careless Whisper
Thu, 01/28/2010 - 21:02 | Link to Comment Rainman
Rainman's picture

....water everywhere......yum.

Thu, 01/28/2010 - 23:38 | Link to Comment deadhead
deadhead's picture

i don't know careless, I started going long looking at those two....

Thu, 01/28/2010 - 21:18 | Link to Comment Leo Kolivakis
Leo Kolivakis's picture

Robo needs some help crunching the numbers. She is long solars...LOL!

Thu, 01/28/2010 - 21:29 | Link to Comment Rainman
Rainman's picture

Hook, Line , Sinker.........a CATCH !!

Thu, 01/28/2010 - 23:39 | Link to Comment deadhead
deadhead's picture

shit, she looks like Margaret Brennan.

Thu, 01/28/2010 - 23:49 | Link to Comment Hephasteus
Hephasteus's picture

Oh go and destroy my theory that competition is purely destructive in all its forms. See if I CARE!!

LOL

Fri, 01/29/2010 - 02:54 | Link to Comment Leo Kolivakis
Leo Kolivakis's picture

Andy, let me introduce you to Quebec's Vanessa Blouin:

She's long solars too...LOL!

Fri, 01/29/2010 - 04:33 | Link to Comment Unscarred
Unscarred's picture

Good God, Leo!  Are you and Andy back in high school again?  Go take a cold shower or something!

Fri, 01/29/2010 - 10:43 | Link to Comment Leo Kolivakis
Leo Kolivakis's picture

My apologies, it's freezing cold in Montreal and needed something, anything to warm me up!

Fri, 01/29/2010 - 12:21 | Link to Comment Leo Kolivakis
Leo Kolivakis's picture

Duly noted. In this insane world where political correctness is taken to extremes, one has to be ultra sensitive to this type of stuff. Can't even enjoy eye candy any longer.-)

Thu, 01/28/2010 - 20:14 | Link to Comment Anonymous
Fri, 01/29/2010 - 00:48 | Link to Comment JR
JR's picture

I agree.  We’ve been trying to make a point that Ben is a messenger, a paid stooge, of the oligarchs and if he had been removed, the people could begin to say the problem has been solved, when it hasn’t. 

But since he has been reinstated, our story continues, i.e., abolish the Fed oligarchy, its issue and destruction of money in secret for private gain and acquisition of power,  its vast designs for the complete subjugation of the human race to tyranny.

Thu, 01/28/2010 - 20:16 | Link to Comment Anonymous
Thu, 01/28/2010 - 20:45 | Link to Comment Comrade de Chaos
Comrade de Chaos's picture

there is only one solar on my mind with 


Book/sh 15.87 (50% above the closing price...)


SMA200

(still I am not in a hurry, maybe march - may) 

-26.48%




Thu, 01/28/2010 - 22:37 | Link to Comment Instant Karma
Instant Karma's picture

Wake me when it's spring.

More hot women.

Deflationary collapse again. Reprise 2008.

Thu, 01/28/2010 - 23:53 | Link to Comment JR
JR's picture

This was posted at 17:05 by Dr Manhattan on Stiglitz Pans Obama.  I think it belongs here with Ben and the Fed, as does my reply.
#210225

If you want to break free from the Private Banking Scam, just follow the lead from a candidate from Florida...the real solution, just apply to ech state and to the Federal Goverment. Time to break the shackles of the private banking system...

 

The era of the commercial banking system is over because of:

1.      Their exploitive and speculative activities having reached intolerable limits.

2.       The fact that they allowed the destruction of the peoples creditworthiness; consequently they can no longer create jobs or lend money under present circumstances.

3.       The irresponsible behavior of the CEOs, such as paying themselves huge bonuses and their dubious business practices.

 In contrast, the Khavari Economic Plan, proposes a state run bank that will:

1.      Lack the shortcomings of the commercial banking system by employing transparent oversight by the public.

2.      Become the engine to drive an economic miracle in the State of Florida, bringing general prosperity and economic security for all Floridians.

3.      Create jobs in giant numbers that are simply impossible under the present commercial banking system.

4.      Cut costs in half or more by providing low interest financing to Floridian homeowners and businesses.

5.      Use profits to benefit students seeking higher educations.

6.      Secure attractive salaries for teachers and educators.

7.      Take care of veterans and elderly by making health care affordable.

8.      Reduce property taxes, eventually eliminating them altogether.

We will put the power of modern banking to work for the people of Florida, not for Wall Street.

Over the years, interest has been the biggest cost most families have had. Interest paid to the bank means less money for your family. Reducing interest costs can save a family hundreds of thousands of dollars.

Scenario 1 Let’s take a $100,000 mortgage, for example. With a 30-year fixed rate 5.5% mortgage, your monthly payment is $567.79 and you will pay $104,404.40 in interest on that loan.

Scenario 2 With a 2% fixed rate 15-year mortgage, your payment would be $643.51, the total interest would be only $15,831.80 – and the mortgage would be paid 15 years sooner! You would save 88,572.60 in interest. After you’ve paid off your mortgage, if you continue to make monthly payments of $643.51 to a BSF savings account earning 5% interest, at the end of 15 years you will have more than $160,000 after taxes in your account—just by having your mortgage from the Bank of the State of Florida.

In scenario 1, after 30 years of payments, you would own your house. Given scenario 2, after 30 years of payments, you would not only own your house, but also have more than $160,000 in savings.

How could the BSF do this? It’s called “fractional reserve banking,” the same principle all banks use to operate. If you have $100 in reserves, you can loan out $900 or more. That means you collect interest on $900 but you pay interest on only $100 at most. If the bank pays you 2% for your CD and lends it at 5% on 9 times as much money, you can see this is a really good deal – for the bank.

Now our Bank of the State of Florida does not need to be greedy. It is not going to get involved in shenanigans like bundling and selling mortgages, taking out weird insurance policies and general practices that have caused the mess we are in today. When we make a mortgage, that asset remains right on our books and the paperwork is right there on file. We are going to pay good dividends and the highest rates in the market for long term deposits. We are going to loan out 9 times our reserves. And we are going to make billions of dollars for the State Treasury while we save Floridians a trillion dollars—and that trillion dollars becomes many trillions in Florida’s economy.

Let’s say we pay 5% for our $100 and loan out our $900 at 2%. We pay out $5 in interest, and we take in $18 in interest. Can we make money at that? You bet we can.

We could make the $3.6 billion we are short this year on just a couple of million 2% mortgages. We can do even better on 3 – 4% commercial financing and vehicle loans.

And all the money the bank earns goes directly into the State Treasury, to work for Floridians, not to Wall Street.

Where do we get the reserves? The State of Florida has billions invested with Wall Street. 5 or 6% guaranteed looks pretty good these days compared to a 50% decline in the stock market. Look at what long-term bonds are paying, look at CD’s—we will have no problem attracting all the long-term deposits we need to get started, simply by paying good rates.

Now look what happens. With a 2% fixed rate 15-year loan, the buyer has paid off over 11% of the principal within 2 years. That means we have more than enough reserves to make a new mortgage for someone else, without having to pay interest for the reserves! (In comparison, a 5.5% 30-year loan takes 7 years to pay 11% of the principal).

Now some people might think that low interest rates will just raise the price of homes. That would be true if the 2% loan was for 30 years. But the payment on the 2% loan for 15 years is a little bit higher than the payment for 5.5% 30 years, so this tends to hold prices down. It also tends to eliminate speculation that messes up the market every time. As long as prices are stable, we can offer mortgages with low down payments, so homeownership can be as easy as paying rent.

What the Bank of the State of Florida does is transfer hundreds of billions of dollars away from Wall Street directly into the pockets of Floridians by reducing interest costs… and it puts hundreds of billions into the State Treasury, too. We will have stable, fair prices for homes and take 15 years of slavery out of the process of owning a home.

Consumer financing is another area where Wall Street and the big banks are costing us way too much. Banks charge huge interest on credit cards, for example, where the cost of money to the bank is really zero. If a family has $10,000 in credit card debt at 25% interest, that’s over $200 per month in interest alone. At 6%, the monthly interest is only $50. This family could reduce monthly payments by $50 and pay off the debt years sooner. The State earns billions of dollars per year while saving Floridians billions and billions more.

The Bank of the State of Florida will earn billions of dollars per year for the taxpayers of Florida, not Wall Street fat cats. At the same time it will reduce interest costs and save Florida families hundreds of thousands of dollars per family. Who needs that money more? You or Citibank?

The Bank of the State of Florida can handle checking accounts and ATM’s too. The other banks will have to become competitive, and there is no reason why they cannot.

Couldn’t the federal government do the same thing? Actually, the federal government could do even better and they could do it immediately at huge benefit to the U.S. Treasury. Do you think we should wait around for them to do it? We can have this program in effect in Florida within a year, at no cost to the State.

Thu, 01/28/2010 - 23:59 | Link to Comment JR
JR's picture

You show the horrific abuses of fiat money used as a weapon against the people by a centralized banking cartel—the Fed—that has monopolized the nation’s credit and money supply.  We are now experiencing the tyranny and financial collapse of America of which our Founders warned. Prerogative over the issue of money must be restored to the people. You have graphically shown its benefit.

Just how much the Fed banking cartel has cost the American public, and the Morgan/Rockefeller control of financial resources just prior,  from 1900-2008, can be seen from The Inflation Calculator*:

 

What cost $100 in 1800 would cost $48.94 in 1900.

Also, if you were to buy exactly the same products in 1900 and 1800,
they would cost you $100 and $204.33 respectively.

__________________

What cost $100 in 1900 would cost $2554.90 in 2008.

Also, if you were to buy exactly the same products in 2008 and 1900,
they would cost you $100 and $4.06 respectively

__________________

What cost $100 in 1914 would cost $2124.41 in 2008.

Also, if you were to buy exactly the same products in 2008 and 1914,
they would cost you $100 and $4.82 respectively.

*Source: The pre-1975 data are the Consumer Price Index statistics from Historical Statistics of the United States (USGPO, 1975). All data since then are from the annual Statistical Abstracts of the United States.

http://www.westegg.com/inflation/infl.cgi

Do NOT follow this link or you will be banned from the site!