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The "Karate Kid" Market
The 3-min. bar traders are now getting roundhouse kicked daily by the gyrations in the Euro, periodic utterances from various Fed Heads, and Mr. Blankfein's ability to vaporize both puts and calls by reversing course with various "Risk On" or "Risk Off" chants.
Thanks to Ags Nightmare for this particular idea. Everyone is dazed and confused as to whether or not we are deflating or inflating, and Goldman's Prop Desk is minesweeping again attempting to blow out all options positions prior to expiration.
Yesterday, it was "Risk On" and everyone was charging into commodity plays:
Today, the dollar soared and the Euro tanked, so the Prop Desks reversed course and put on "Risk Off" trades, selling foreign currencies and piling into the U.S. Nightcrawler:
Then there were some "Hell Squeezes" today in Whole Foods, and La-Z-Boy furniture....
Obviously, Goldman was taking aim at some of its clients which had outsized short positions in retail stocks....
And after hours, we have Priceline going crazy, up $18 on earnings..
And NVDA imploding after it was gunning all day on the back of a SNDK upgrade...
All classic Options Expiration moves, move along, nothing has changed.
The poor Euro is getting no love tonight....
But investors are clamoring for more U.S. Dollars, as Fed officials continue to promise an end to "Quant Sleaze"...
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Bernanke picture is GOLD!
gotta agree, funny shit Robo.
Obama: Are you listening ?
A MORON FOR PRESIDENT !
I only wish equities would follow the lead of the Euro. The damn correlations NEVER seem to work out for equity bears. Funny that.
PONZI Nation---
What is left to say, except get out the handcuffs and round em up.
Robo, I believe I speak for much of ZH when I say: you keep us sane. Keep up the great work.
Kudos to Robo. Keep trolling the swap meet for more " everyday Cali girl " pics. I can tell by the sun shadow you are a master photographer.
sun shadow....what a gas
+1
Co(s)mic genius.
Some thoughts on the Inflation vs. Deflation debate and Investment planning 101:
So...inflation or deflation...how about both? Inflate things that have value (gold and silver and food) and deflate stupid kids stuff (video games and candy and Brittney Spears). Honestly, fat people should sell their excess lard now, while there is still a market with botox. Then the liposucted 'Mericans should purchase gold. Thats what I would do, if I was obiese. Now that II think about it, why did I not do this? Oh yeah, cuz I know what McMasons does to the body...MSG, GMOs, chlorine/fluoride and HFCS, mmmm. Come on 'Merica! Come ON!!!!!!!!!!!! WAKE UP!!! No one wants your currency, because you are fat, lazy and stupid! If you have any greenbacks, buy gold now. Pull your 401k. Buy gold now.
Reminds me, got to talk to some big guys in the estate planning biz. They all see inflation in the pipe and are advising their clients accordingly. So they see it right or wrong.
"Reminds me, got to talk to some big guys in the estate planning biz"
Dude, we have just the man for you here at ZH, his finger is on the "pulse" so to speak.
can the s&p 500 get any closer to 1100 before options expiration?
martha is such a diva. i love her. MSO
http://lh6.ggpht.com/_zGnH6HWaAi0/SzIjxRCKkEI/AAAAAAAAEnM/FUQX9mYgFRc/ma...
The reversing wildebeest herd gag never gets old, but paired with the Reversing Samurai Blankfiend? Well, that's simply inspired. Nice work, Robo.
.
just pure awesome.. thank thee Robo
slight problem with the bernanke picture! that guy is selling! lol
it's a head fake.
rookie mistake, anon.
NVidia doesn't have a viable working DX 11 GPU. They are going to crater for weeks.
nice article. good pictures
The Banksters and their FLUNKY FED loaded DEBT on US Citizens while also removing their Wealth by shipping Entire Industries overseas! They produced a massive consumption Economy to produce massive DEBT and USURY GREED to exploit and manipulate nearly ALL AMERICANS!
You should see the number of bankruptcies where debtor makes 60 - 80k with 10 - 15 credit cards totaling 80 - 150k outstanding balance.
INSANE! but not uncommon. (plus 2 mortgages & 2 seven year car loans)
Don't know how you guys could trade this market and make money consistently. Pretty trendless, thin, and erratic. And Robo didn't even give us any really hot scantily clad women.
Don't overtrade.
Whole Foods wholly bypassed the "Great Recession"
Rasputin - Wed, Feb 17, 2010 - 08:48 AM
Well, it seems the Land-Rover-driving, soy-milk-swilling,
twenty-fiatscos-per-pound-salmon-scarfing DINKS and yuppies didn't get
the memo that the "Great Recession" is gonna scroom us all.
Because these tofu-eaters just helped Whole Foods' stock price reach a new fifty-two week high, with a gain of:
OVER THREE HUNDRED PERCENT
...in the last year. (Ras note): that's more than gold and silver have gone up in the last SEVEN years.
Heh, and to think that over the previous two years every single
Wall Street gambler, the GSEs, pension fund, insurer and bank failed
outright, yet the "real world" has hardly even hiccupped.
It's amazing what twenty trillion fiatscos flung by governments
and central banks can do in terms of overcoming "convulsions, isn't it?
Problem solved. Party resumes. Bears and GHS/SHS types left crying in their organic carrot juice.
Oh, screw Whole Foods. Seriously. Is there anything to that company other than that it's a supermarket for hippies?
Are there really that many hippies in the world, and do they really spend enough money at WFMI to justify a PE of 40.62?
I can't wait to short the living crap out of this company.
Top-half-of-the-shrinking-middle-class hippies.
dude it is the only real religion that is practiced every day in this country.. i wouldn't fuck with all those goat cheese - tofu turkey freaks
jews, gays, and now it's the "tofu turkey freaks". You cover all the bases. The "turd sandwich" vs. "giant douche" poll is in - turd sandwich it is.
At least Whole Foods sells produce\meat from local and state farmers (and proudly advertises it in the stores) and the money goes to an American owned company.
Would you really rather buy foreign goods at the local megamart instead?
I dont disagree about the stock. If you buy enough puts you can afford the $25/lb aged steaks they got.
Agreed the PE is out of line, but I have to say that during my occasional visits to the US, Whole Foods has more shoppers than a Virginia gun show...and the shoppers are far more dangerous. I would rather try to navigate the Bangna Trat highway in Bangkok during rush hour in the rainy season, driving a subcompact rental, when every truck driver from Bangkok to Pattaya is pumped on yaa baa, than try to maneuver a cart through Whole Foods on a Saturday afternoon. For the former I can at least get insurance. Whole Foods shoppers might well be ex-hippies, but the LOVE is definitely gone, though the thrill is not. Warning: do not attempt to take the last pack of basil unless you've set a line of Claymores on your flank!
I enjoy your travel references.
If a Whole Foods were to open in Bangkok, I wonder if they would use a cane to maintain order.
In Saudi Arabia they'd use a cane. The Mutawwa, or the Committee for the Preservation of Virtue and the Elimination of Vice (I am not making this up), are a bunch of long-bearded senior citizens whose only remaining reason to walk this Earth is to smack the exposed wrists and ankles of the female "tarts" who dare to expose a postage stamp's area worth of real natural fiber.
Wall Street needs a Committee for the Preservation of Virtue and the Elimination of Vice.
Them hippies were right!
http://www.youtube.com/watch?v=elNmWRXw0-M
Sir, those nature pics never get old, love it! Also love the Ben pic :)
Wall street is a huge Ponzi scheme!
I especially like the picture of "poor euro" "getting no love tonight".
I want to hug her/it
thank you for insight and entertainment but you missed out on the stunt 02 02 2010
The dollar rally has barely started, daily and weekly charts remain bullish.
Vice versa for EURO.
http://www.zerohedge.com/forum/market-outlook-0
Marvelous article Robo. Keep up the good work.
I will second that. Robo pays attention to almost the same stuff I do in this thing, usually. Robo has a much better photo collection than I do, too.
Check out what the top hedgies were buying & selling last quarter:
http://pensionpulse.blogspot.com/2010/01/hot-hedge-fund-trades-of-2010.html
You can slice & dice the data from the links at the top of each column.
Danielsan, buy me some solars like Citadel, SAC Capital and DE Shaw!
Love that Mr. Miyagi...lol:
That Ben shot deserves some sort of award. Pure genius! --Boris
thanks for the great posts.
maybe you can sit back and enjoy this:
http://vimeo.com/9059701
brilliant and hilarious. enjoy your posts very much robo, keep 'em coming ..
Love it!! Great piece, Robo-san!