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this sits in well with what Arch Crawford calls "Cardinal Climax" starting today/tomorrow
What is up with all the Stanford themes, football season is still a few months away...
Guess you're not a gridiron fan....my neighbor has all the college draft reports ready to go (these little puppies costs hundreds if not thousands of dollars), his TV is outside on the picnic table, he has a hot line to his brother in California, and son in Florida. He doesn't bet a single dollar on any games or draft picks but goes into a deep depression at the end of the Superbowl, and doesn't know what to do with himself besides work, until July 31.
For football fanatics the anticipation of the new season dominates everything in their lives.
If only people followed the misdeeds of DC so closely...
Imagine if people played Fantasy Congress. "You're such a prick, Matt. I was going to buy up Rangel."
"You got Pelosi, Bitch. With what she's gonna blow on plane travel and food this year, she's worth WAY more than my Rangel."
There are so many things you could do with that idea. Stats based on ridiculous pieces of legislature, pork projects, staffing budgets, miles traveled using taxpayer funds, caucus memberships...
Indeed, this is a terrific idea. We need to make this happen.
I call it "the Canadian dollar hitting near .98 cents for no good reason".
That's my bell weather. Still no clue why folks are using anything else.
One person's bell weather is another's bellwether....
I know for sure Euro is going down. If not .... up. Whatever! Just roll the dice.
I have a market model projection that puts the slide down in the indexes happening until the end of October, with a subsequent rebound after. Seems likely given most economic data is a dog's breakfast of bad information lately.
Not sure that jibes with Bam Bams timing, while the Republicons would love to see a crappy market all fall into the elections, Bens finger is on the QE2 trigger, if we were to get a sharp, quick sell off towards the july low in August that would give Ben room to pull that trigger to help asset prices into the elections...
Ben believes in lower taxes so I think he secretly wants a republican win this fall and will hold back on QE2.
how can you say that? actions speak louder than words. he s for the TBTF-gov cabal and has been right along side the current socialist admin.
I think you meant to say "fascist" not "socialist"
It is hard to be restrained when you know the market is on the verge of a severe downward turn, and you want to position yourself, but, on the other hand, you have to balance it against what the fed and people on "the inside" will do. The free markets aren't free, but I guess it comes with the territory.
The problem is the Fed is misreading the economic data (in other words smoking their own bullcrap) and they are not being procative enough to prevent the next liquidity crisis. This is spiraling towards a major event this fall, then a pause for the elections, a Christmas swoon where Santa gets shot down by a Stinger, and God knows how bad of a decline in early 2011 as everyone finally realizes the impact of the new taxation and regulatory schemes taking effect.
In other words panic early, beat the rush.
Welllll.....only problem is the same scenario of collapse was supposed to have struck in 2008, 09 and 10.
Starting to wonder if we are simply going to stumble around for the next 10 years or if a collapse is actually going to happen.
The timing of so much "rally over" news all crowding into this day, the day before tomorrow, is fascinating.
Tomorrow is a cardinal day.
A cardinal cross day.
My tingly senses tell me that the church is going to take a big hit. Big enough to cause the markets to stumble.
Given how resilient they have been to bad news lately, it'll take a huge event to cause a sharp drop.
All the pointers say it's coming.
Stay loose and be ready for change.
What rally is over ? You mean the 30 year bull market rally in bonds ?
Nothing screams market top like an A+ five year auction and the best bid to cover since 06.
But hey, lets buy bonds everyone !!
Perhaps he meant being bullish on the yield, not price :)
Ballsy call... John was calling the Euro a headless chicken back in May.
"This rescue reminds us of Bob Rubin’s rescue of Russia in July 1998, which lasted about one month before the whole house of cards collapsed. We knew that one couldn’t work, and this one can’t either. It might take longer, but the euro is finished."
For those non-professional traders out there, a word: for exciting times, don't think, just blindly follow this gentleman's forecast, lever up to the max on one asset and roll the dice until your broker cuts you off. Alternatively, a sustainable strategy would be to enter risking 1 to 3% of capital when a change in trend is confirmed by the ultimate indicator: price, say a breach of the 90-day low/(high if long). Exit with trailing stop on breach of 45-day high/(low if long). No one knows what the future holds and following market turn calls is a mug's game. For every Soros who calls huge market turns right, know that there are millions on the other side who funded his win. No one knows the future, that's why it pays and pays and pays to wait for the market to confirm a change in trend before risking precious capital. You're welcome.
"the ultimate indicator: price"
One word: nonsense
I've heard a few too many say the rally is dissipating; in other words, the rally is not dissipating.
Here maybe, but we are the brave minority. Watch CNBC and you'll get another picture. If you wanna feel contrarian, tune in to Maria, Erin and the other douche bags...
i kinda agree. you have investment banks chasing yields other than bonds, so they think that a rally in stocks is about to propel. i think they are gonna get squeezed when the EU implodes and China PMI is a lot neg (check August 1st).
total mispricing of risk...i hope they getting fucking destroyed
Ahh, nothing like getting out of bed, booting my computer and starting my day with article as encouraging as this. I think I'm gonna go back to bed now.
WIkileaks----what leaks...its a CIA front....
so they have tracked Bin Laden and know where he is......SO DO I
Julian assange dismisses 9-11 conspiracies .....(Ok ...that nails him)
wikileaks co-founder criticises it::
even RON PAUL dismisses 9-11 conspiracies .........i m not sure ...but this looks like a case of classic gate-keeping
1. Why would the CIA/TPTB want to sink the Cap-and-Trade/Global Warming tax? Wikileaks blew that out of the water with their leaks.
2. Why would the CIA/TPTB want to discredit military tactics against civilians and Reuters photographers in Iraq? The chopper massacre that was published by Wikileaks went viral and was nearly as damaging to continued US involvement there as the My-Lai massacre was to Vietnam.
3. Though the MSM has been emphasizing the Pakistan connection in the latest leaks (which is to be expected of them), Assange himself has concentrated on the massacres of civilians and the possibility of evidence of war crimes in what he called "a Polish My-Lai". He cannot be held responsible for what the MSM chooses to print, or is ordered to print.
4. For a start, I would like someone in the media (MSM or alternative) to add up the number of senseless civilian deaths that are exposed in the 95,000 pages of the leak. I think that would be more productive than the Wikileaks bashing.
5. Though I believe that 9-11 was indeed a false flag to get the US into Afghanistan quick smart to get the poppies growing again, I also get "annoyed" (as Assange is quoted) at the wide variety of 9-11 Truth claims and the incoherent range of ascribed motives. We need one truthful story to come out eventually.
I am becoming increasingly suspicious of most of the "alternative media". They say the government is trying to frighten and confuse us to make us compliant, yet they deliberately frighten and confuse their listeners even more by publishing the most outlandish claims about the Gulf of Mexico exploding, America being ripped in two by an earthquake, the Atlantic filling up with oil and swamping the UK, asteroids coming, comets coming, UFOs coming, the end of the world in 2012 ... all interspersed with ads for water purifiers, seeds, home deliveries of truck loads of baked beans, and a score of other bunker-survival kits. Now they are on a major push to discredit Wikileaks. Is their bashing of Wikileaks professional jealousy? Or shoot the messenger? Or a CIA cover? Or accurate?
I certainly don't know............
Taylor et al: "equities are moving lower"
Bernanke et al: "we've put a floor under the market"
Place your bets.
Bernanke told me subprime was contained.
Yeah, and Greenspan didn't think a housing downturn could occur all over the states at the same time.
He was sorta right for 10 years. Plenty of time for The Chosen to make their grandchildren wealthy for 5 generations.
"One man's ceiling......"
(lyrics: Paul Simon)
We're all trying to pick the top in the Euro - so far a suckers game.
blah, blah, blah....the dollar is headed to antarctica, below 82 right now.
Game on, buy some Sept calls. You can't lose.
Still a man hears what he wants to hear / And disregards the rest
- Paul Simon
The SP500 will make a new high for the year before the election. The political party in power has given wall street what it wanted. The party in power will now be re paid with a rising market just in time for the november elections.....Just watch!
This is 2006 all over again.
could be. if so, though, the monster is orders of magnitude "more monster"
Fully expect QE2 to be announced in the next 90 days, but it will be marketed and sold as something else.
Think: approaching a top flight Singapore hooker only to find out in the bedroom "she's" a crossdressing tranny.
Bernankes response: NO. How could the market rally end when according to tyler, There is no market. Just a circus side show controlled by the Fed??
true economic forces would have these markets much much lower today, yesterday, and long ago
the criminal master bankers with their henchmen in gov'ts and the Fed determind price
this market will turn when it suits their agenda
current pricing in the markets is a sham, and will therefore ultimately collapse necessarily
but they will be in control of the collapse
that's the plan, anyway. Directional calls based on anything other than inside knowledge about what these sicko bankster f**ks have planned are just a waste of energy
Your right Bankster, when the big banks have unloaded there longs and have moved into shorts only then will we start diving. And the media will play there part with gloom and doom on very channel. It's all rigged.
John is definitely on to something. There is a disconnect between the Euro and the Yen currency Futures...such that they are both moving higher. This has not happened in recent memory and the Markets (by this very fact) are becoming increasingly dangerous.
A simple trade which has worked well over the last year or so is to go long the Equity Markets (risk trade) when the Japanese Yen Futures (risk aversion trade) weakens.
Unfortunately, the Japanese Yen Futures contracts is now near its contract high at 11.600... You be the judge. John is indeed on to something!!
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