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Crap stocks (RUT) outperforming quality (SPY) again. The early morning action was likely precipitated by some colorful index arbing.
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Not crap just high beta
short IWM hard, close when SPX hits 969 or DOW 9010
Hope you're long CIT, Einstein.
What does HS<GO> go tell us on this spread? how many std devs?
http://www.elitetrader.com/vb/showthread.php?s=&threadid=155728&perpage=...
This guy called the Rally in march.
Posted a chart 4/16/09 that has predicted this huge move almost PERFECTLY.
damn.
In laws of chance there could always be one person that calls it right
There was even one guy who had George Mason in the final four a few years back....
true
good articles;
target="_blank">my newest bookmarked finance website
Actually it was a woman...my wife who knows jackshit about hoops. Just like the FED & Trasury.
That stock777 dude is a funny guy.
"While that psycho Tyler Durden on his ever more popular blog, is now 250 s&p points WRONG in his call for ZERO, I am up god knows what , since posting my F*** YOU SHORTY chart."
"Sorry, eotw postponed. Stop reading the doomsayers, they will bury you"
I still can't believe that people read this or any other site and make trades based on what they think is good or bad info and insight.
What the hell would my entry point be if I thought ZH was telling me to sell?
I guess I don't get it.
two days before that, he also said he was the "most bearish person on this board"
i'll say it again...even a broken clock is right twice a day.
looks like yet another chump that flip flopped back n forth making random calls, throwing shit against the wall like an angry chimp until something stuck, and now he's riding that and claiming he called bottom.
his chest is puffed out, and he will be taken down in due time.
This conversaion undoubtedly occurred sometime in late May / early June.
Larry Summers: "Mr. President, the rally in the stock market is losing steam."
Obama: "Yeah, so what? I have bigger fish to fry than to worry about the day to day gyrations of stock prices."
Summers: "Uhhh.. Mr. President, the elevation in stock prices is largely the reason for the uptick in consumer confidence, and without confidence the consumer won't spend."
Obama: "Go on..."
Summers: "And without spending, the economy will likely continue to contract which will hurt our chances in 2010 and your reelection bid in 2012."
Obama: "Alright then, tell them New York bankers to toss some of the bailout money into the stock market."
Summers: "Quid pro quo, Mr. President."
Obama: "Tell'em they can use a rising stock market as an excuse to bonus themselves all they want come year end."
if only this were to be the opening skit of this weekend's saturday night live...
i guess it would only air on fox's madtv. bleh.
negative... the colo space where the HFTs have placed themselves are like NORAD's command-control center. although... there's always a chance that they could be taken
recommended:
good articles;
target="_blank">my newest bookmarked finance website
I wonder if this part of the Federal Reserve Act has been suspended due to "unusual and exigent conditions":
"Each Federal reserve bank shall keep itself informed of the general character and amount of the loans and investments of its member banks with a view to ascertaining whether undue use is being made of bank credit for the speculative carrying of or trading in securities, real estate, or commodities, or for any other purpose inconsistent with the maintenance of sound credit conditions; and, in determining whether to grant or refuse advances, rediscounts or other credit accommodations, the Federal reserve bank shall give consideration to such information. The chairman of the Federal reserve bank shall report to the Board of Governors of the Federal Reserve System any such undue use of bank credit by any member bank, together with his recommendation. Whenever, in the judgment of the Board of Governors of the Federal Reserve System, any member bank is making such undue use of bank credit, the Board may, in its discretion, after reasonable notice and an opportunity for a hearing, suspend such bank from the use of the credit facilities of the Federal Reserve System and may terminate such suspension or may renew it from time to time."
This was predictable:
1) Sell off in SOX before S&P sells off while $ rallies.
2) S&P and the likes of KRE sell off the most from high low in a month.
3) Rally the SOX (and sell $) to jump start today's ridiculous out of the gate move and voila, you have a 1-2% rally.
After Ben's afternoon bloviations the S&P mini's will probably trade to 1045.
Someone must have upgrade the "awsomo" robot. New version lets your company to substitute all of the mid level analysts and calculates the spin on earnings estimate that will enable your target holding to surprise the market.
Isn't "awsomo" great or what? You can't rely on those humans with their paperwork and e-mail traces but you surely can rely on your "awsomo."
Hey there!
I´am a monkey,...and I predict that we see some marketlows by sept 30 when hegdefunds have to close their books,...bag em, tie the knot and drown them,..compliments of Goldman Sachs!
But ´hey I´am just a monkey
More nonsense from TD. If you think small-large is tantamount to crap-quality, you're about 20 years behind in the academic research. Same thing for the comment that "small stocks have a higher beta"... geniuses, the 1-factor model hasn't been used in decades. So please, please... for the love of academic integrity, stop treating small outperforming large as some sort of conspiracy signal that the market is broken and program trading is running amok. And maybe pick up a 100-level finance textbook when you have a moment.
Rome is burning. Picking up a few rugs at a discount on the way out the gates heading into the wilderness is not much to brag about.
good articles;
target="_blank">my newest bookmarked finance website
Hey Anonymous...
Small caps ARE junk. Something like 1/4 of the Russell 2000 are not profitable (no profits no cash flow). Most of them should never have gone public. The myth that small caps outperform large is bogus and ridiculous. Perhaps 10% of the Russell 2000 accounts for 95% of its gains.