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JP Morgan Upgrades Spark Another Rally
Yet another strategic upgrade of U.S. Steel and other issues sent the short sellers reeling and backpedaling. At the same time, hundreds of fund managers desperate to "make their year" piled into whatever was moving the fastest. Currency gaming has resumed its one-way trade, as the FX Megadroid and Forex GridBot players are now "watching the money roll in" for once.
As usual, U.S. Steel had bounced from an oversold position to resistance, and the JP Morgan Prop Desk Crocodiles saw it as an opportunity to blow out some shorts who had gotten out their slide rules on Friday and pre-calculated the optimum place to lay out a short line on that stock.
"Yes, this is technically the ideal spot to place a short position!!"
And then, here comes JP Morgan with an upgrade this morning:
And of course, the short-sellers are outraged....
What else is new on Wall Street?
The CNBC crew was ecstatic about today's rally. Poor Dennis Kneale. It was all he could do to restrain himself from ripping open that grey thing worn by the full figured Michelle-Caruso Cabrera....
And Cramer was just itching to reach in for a grab on Ms. Erin "B-Cups" Burnett...
Short Squeeze of the Day:
Furniture Brands, up 26%....
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It looks like Dennis Kneale is too busy worrying about where his next meatball sub is coming from than doing anything to MCC. I bet he would love to eat those meatballs off her.
two words, dennis kneale....
...whiz wit'
I used slide rules in high school and it got me to the moon, well not me but US. Amazing. Too late smart, tooo soon dead. Thanks for the CNBCup update. They are all too full of themselves.
"Yes, this is technically the ideal spot to place a short position!!"
dito... =]
See what can happen to the crocodile when it underestimates what appears to be a friendly crowd. (above the first picture at the article, click for the next 2 images)
http://www.telegraph.co.uk/earth/wildlife/6579856/Crocodile-attacked-and...
This is a bubble you will be able to tell your grandkids about, by the time this is over the NASDAQ 2000 bubble will pale in comparison. Think "Zimbabwe stock market 2006"
http://www.guardian.co.uk/business/2006/apr/25/Zimbabwenews.internationa...
The picture of Beaker and MCC tells you all you need to know about CNBC. If those two are on a so-called news program, it ain't worth watchin'.
Thanks Robo!
The bubble continues, even in China with HMIN.
US Steel seems like a solid mid-western (big trees, lakes, and corn fields) purely innocent farm boy.
http://www.youtube.com/watch?v=yQLx1VSZOnw
It's good to see that trollop HMIN on her back again. I remember gunning that bimbo back in the July - Oct '07 'decoupling' meltup.
China Yuchai International Limited
KEY EXECUTIVES
Mr. Boo Guan Saw
Mr. Weng Ming Hoh
Mr. Ira Stuart Outerbridge III
Ms. Shing Mei Foo
The young lady reclined above reminds me of a short story I once read. I will repeat it below.
Oh please do not touch me there sir.
Oh please do not touch me there.
Oh please do not touch me.
Oh please do not touch.
Oh please do not.
Oh please do.
Oh please.
Oh.
LOL! Excellent.
Predators ...
Who become too cocky ...
Can become prey ...
That's excellent advice GW. The market will humble every arrogant trader sooner or later. Whether short or long, you better be able to switch sides real quick. Not everyday will be a walk on the beach.
http://www.johnurbano.com/html/cine-af-beach.html
George W
I know you founded this wonderful country and all, but the animals-consuming-animals photos scare me, please stop.
I would just be a snack, like a single potato chip to that alligator.
I think average US citizen feels they same way facing Goldman Sacs and this corrupt market, an alligator chomping on us like snacks.
Problem is, there are no hippos in US for my analogy. Goldman Sacs, top of food chain.
Rallies are good. We'll take them while we have them! Great pictures by the way!
time123
admin: http://invetrics.com
This has always been a bear market rally and the daily chart continues to show bearish divergence.
USD and VIX daily chart continues to warn of a bullish breakout.
http://www.zerohedge.com/forum/market-outlook-0