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It's just getting sad now. Either that, or the head trader of the PPT is from Tijuana.
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None of this is REAL. Please remember that.
if only it were not real
yes, it is phony baloney
but very real at the same time
horrificly real
Funny the way Epistemology and Sematics get discussed more and more as things get more and more surreal.
At least once a day I have to remind myself that attempting to judge irrational situations in rational terms will make me nutz...Well, more nutz, anyway.
Agreed.
It's All on How You Perceive It.... Mannn
Or it's all relative...
If you are irrational, then irrational is normal and it's the rational that appears irrational...
Put More Simply:
When you are nuts, nuts is normal and it's the normal people who are nuts.
God sends nuts to people with no teeth
Or its like the movie idiocracy, where the absolute middle of the bell curve guy from 2008 is the smartest man on the world in 2456 or whatever, and they rip on him for sounding gay. Perception being reality in so many human affairs...
An excellent observation!
But . . . but . . . but . . . but Benny said that "The Federal Reserve does not intervene in any markets."
And if Benny isn't doing it, THEN WHO THE HELL IS??????
A hedge fund proxy of Ben at the FED's direction of course.
The minions of the dark overlords do.
Come on! You know that!
The lesson in one sentence. Provider of lesson, William Jefferson Clinton.
The lesson: "I did not have sexual relations with that woman."
Lesson over.
Clinton?
The guy that lied about getting his dick licked?
I STILL DON'T GIVE A SHIT
He was credibly accused of rape, and of sexual harrassment in his previous job as governor of Arkansas. The issue he was impeached over was lying under oath about his relations with Lewinsky, which was considered by the court as behavior pertinent to the actual case against him. He got disbarred for it. Perjury is a big deal in the U.S. legal tradition.
Not so much lately...
Vested interests.
As much as ZHers believe the equity markets should be at significantly lower levels, there are many other participants for whom a vested interest exists in keeping the levels high, and taking them higher. Count among them: large brokerage houses and other asset managers who receive compensation based upon the value of the AUM.
public earnings multiples are higher than their equivalent M&A counterparts on the private side - there is an implied spread over private multiples for what reason? We see a certain P/E level as normal, but is there any reason why they can't just prop up markets indefintely and create a new level which becomes the normal for valution purposes going forward? That would allow higher equity prices with no economic justification, no?
Tyler, did you steal that headline from The Onion?
And here I thought he was making a play on the old line, "Floggings will continue until morale improves."
Real losses in my short positions!
Why are you even playing in this casino? Who's the bigger fool?
You can't short this market unless you have mental telepathy, know that the market is going down overnight and you liquidate your shorts sometime before the market inevitably pops starting sometime after lunch, generally at 3:00.
They squeeze the hell out of you with their bot uptick at 3.
Fuck it- physical gold, physical silver, hope to buy more when it comes down.
"None of this is REAL. Please remember that."
All one can do is speculate if this is manipulation... Now before people erupt, I also think there is manipulation run rampant in the markets... a whole host of charts and reasoning do point to that.
However, for arguements sake... Hear me out. Mutual funds can't park their money in treasuries. They are FORCED by their own prospectus/guidelines to invest the trillions of dollars they have into the market. In the end, they don't really care... they get their cut no matter what.
Tax breaks for retirement investing is one of the greatest ploys of the financial markets and the goverment to siphon hard earned money to their coffers.
zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz...................
and this has been going on since 1982. Sheeple aint learning their lessons.
.... just some Tijuana hombres playing with Mexican Jumping Beans
Just a late day reaction to all of the positive economic news that has only served to confirm the stability of this fundamental rally. Equities have a way to go before they are fairly valued and this would be a good entry point for investors.
Or not.
yea buy in here ;)
i sincerely hope that you are joking
Or +1000
it's been sad for a year now.
Ah-ha-ha-ha-ha-ha-ha-ha-ha
Let them get drunk from their paper wealth and delusions of grandeur, because when it all implodes they will then realize they were the masters of their own destruction.
+10^10
Money isn't everything and soon it may be nothing.
The current US equity market is the best example yet of this theory:
Investopedia explains Greater Fool Theory
When acting in accordance with the greater fool theory, an investor buys questionable securities without any regard to their quality, but with the hope of quickly selling them off to another investor (the greater fool), who might also be hoping to flip them quickly. Unfortunately, speculative bubbles always burst eventually, leading to a rapid depreciation in share price due to the selloff.
Maybe, but I don't think there are a lot of investors left. My guess is it is the FedGov that is doing all the buying.
Ma n' Pa Kettle ain't in. We know that.
MF's are experiencing outflows. We know that.
Pension funds, endowments and foundations are Not experiencing unusual cash inflows for this time of year. We know that.
Banks are loading up on Treasuries or parking money at the Fed, et.al. We know that.
(We know all that because it's information in the Public Domain.)
What's left? Duh.
And don't'cha love it? Lots and lots of "smaller" broken down orders to jack up flow, Chinese water torture, culminating in Enormous Non-Volume Up Moves. We know that, too.
Hmmmmmmm.....
Whoozit gotta be? Satan?
How many total shares do the top fifteen banks and top 20 hedge funds own, purchased with bail out money?
"Greater Fool Theory"
Unlike Oil, Gold and Integrity... Amerika has an endless supply of greater fools...
Watch how the Ameriakn public returns the same criminal bribed, pocket lining class of politicians to WashDC after:
1. Bankster bailouts.
2. No rules for banksters phony reform bills.
3. HFT, insider trading and market manipulation bleeding their pensions and 401k's on a daily basis.
4. Not a financial crime to be found on Wall Street...
aka The Joseph Cassano Story, The "Dick" Fuld Story, The Angelo "Nuclear Tan" Mozilo Story, Jamie Dimon Story, The Lloyd B. God Story....
The Foolishness of the Amerikan Public knows no bounds... prove me wrong sheeple...
"Amerika has an endless supply of greater fools..."
+10
Plus endeless ammo from the FED = Ponzi for Ever.
The joke is on the world bond holders.
And, unfortunately, it's a renewable resource...
There are alot of Leftists on this site who WANT it to all fall apart so their Marxist wetdreams can come to fruition. The "k" in America is a dead giveaway.
There are alot of Right-leaning folks on this site that want it to all fall apart, too, for different but similar reasons.
If you think these markets are "free" or fair, then you are delusional. If you are defending the existing, utterly corrupt global financial system, then you are a delusional puppet.
The fact that both Left and Right are gradually lining-up against Wall St. should tell you something. The A-holes are fresh out of friends.
It's about dealing with reality.
Is there a single government in the world, today, or in history that hasn't been corrupt to some extent?
Life will go on.
Brett, you partisan ASS licker.....
the use of "k" (which i invented) simply means "we aren't in Kansas anymore"
No, it doesn't. It means KKK.
Go fuck your mother.
Its a HFT circle jerk. Ya plays with da Crays.
Great double entendre. Reminds of when young, the Cray's ran all the rackets on London's East Side.
It's just getting sad now.
correction: ...getting pathetic now.
No credibility w/o clarity and there is no interest in that by the PTB.
When you're talking about clarity regarding things "so complex that there are only a couple of people on earth who can understand them" <snicker> then credibility is automatic!
Or so I have heard.
See IPCC Assessment Report 5 or just about any MSM 'explanation' of the origins of the financial crisis for excellent examples.
If this were being controlled by an entity other than the NY Fed through JP f***ing Morgan and goldman f***ing sachs, the f***ing SEC would have shut it down after it became so f***ing obvious.......because goldman f***ing sachs would have demanded it.
criminals. these banks are criminal enterprises. raping us all with the backing of the fed.
killing the markets minute by minute, day by day. stealing everything.
So, what do you do when you get MAD?
Yet, you come back for more... (just saying)
BTC isn't mad. He's just been to booming school recently.
It truly is sad watching this, knowing that the whole of America is dependent on this Joke of a Market. This will take years of image repair. I hate to say it but we are toast.
Puhleesse...what utter total fucking bullshit...What's the easiest way for a small person to take advantage of this lunacy? Or is it tantamount to surfing big waves...you need to know what you are doing lest you get crushed by the crest coming down on your head.
I am not a sophisticated trader, and find it hard to have a rational investment strategy, as these are crazy times. For lack of a better strategy, mine is to be primarily in PM's. Then I am just shorting the market, and not even looking at it. Don't care if I am down further every day, as when it goes back down, I am assuming it will go down hard. My assumption is that this insanity can not go on for ever. When market does crash, I will unwind shorts and go into mining companies, which will probably be punished with the rest of the market. Of course, this is not investment advice, just what I am doing as I sit and scratch my head.
Also, to some extent, I am just trying to get out of the game by putting $$ in local infrastructure like solar plant and wind turbine. Also, just broke ground on a hydroponic greenhouse which should be able to provide food needs. These investments at worst make for an interesting hobby, and at best are a hedge against uncertain food and energy prices in the future.
I envy you, sir. Am about 2 years behind you.
Also, just broke ground on a hydroponic greenhouse which should be able to provide food needs
Not to mention herbal needs...*cough*
Which can be traded for the former :-)
Production will be limited to edible delights like tomatoes, lettuce, melons and berries. Always been more of a tea-totaler.
Outstanding public relations statement. Just outstanding.
Reb- Nice, where did you find the plans for a hydroponic greenhouse ?
www.cropking.com
They have all the equipment, and they make the big commercial ones. They have one smaller one.
That is a great link, thanks.
If we converted our entire agricultural operations nationwide to hydroponic, we would reduce the water needed to irrigate by 80%.
Too bad we (our leaders) already borrowed more than we can ever pay back and spent it on stupid shit like wars and a government that can't pull it's fist out of its ass instead of on something useful like hydroponics.
Fist? That's generous of you.
I am generating electricity with micro-hydro & solar. Built a raised-bed garden this past winter. Did a root cellar last year.
I see people doing/planning this sort of stuff all over the place.
There are curmudgeons lingering here that refuse to see "action" among the citizenry. I see increasing, real, effective action around my state/region every single day.
Average people are starting to permanently change their lifestyles, regardless of the consumption/debt orders being handed down by TPTB.
The thing that has amazed me is how enjoyable the move to a self sufficient lifestyle has been. This might sound odd, but the high point of my day is going out and feeding the chickens. Each has its own personality, and they always run out to greet me as I walk up. Chickens are amazing in that bugs go in one end, and eggs come out the other. I have enjoyed country life infinitely better than Silicon Valley grind.
I am not able to do micro-hydro, as I have no running stream. Also, I looked into raised beds, but in the end went with the greenhouse to allow a year-round growing season.
+1 Went there, still there...
I think Cramer is actually going to blow a 200 amp fuse soon. Will have to watch for another timeless rant over that despicable close.
It's a tragic comedy but again, whos to say they can't keep this up indefinitely? Whos stopping them? No one. So they'll keep gunning FX, equities, whatever they like.
i mean, i hope they do. i've been buying the AUD/JPY about 3:30 every day and riding till four.
its been fuckin' glorious.
I say they can't. I say so because they want you to believe they can. They know they can't. I know it too. I don't have a clue on timing but the longer it goes on the worse it eventually would be. As for today, we still haven't breached the downward sloping trendline off the top on the daily chart (SPX). We're there, but not through it yet.
I love how the DOW is now creating the self fulfilling shoulder... sigh.. what a bunch of fail and aids.
Tyler-dude, what's your problem? Just hire a new programmer.
ESU0 peaked yesterday at the same time it did today 1:00 CT then declined until 2:30 CT then up again.
Same stuff going on right now that happened in 2007-2008 when stocks were run thru the roof on a declining economic time, and what happened? When all the analysts were dishonest with people telling them to buy anything and everything because prices would go up forever? These idiots have learned zero from what happened last time and are turning around and doing it again just 2 yrs later.
If Bernanke or Geithner attempt to bail these companies out again, then its time for the American people to take matters into their own hands and sing them a lullaby in a pine box. These crooks are ruining our country. Regulators are non-existent and worthless. Congress is aiding these crooks along the way.
The time to form the riot lines in DC are approaching fast.
You are right that the banks have not learned their lesson from last time, but make no mistake about it, the general public did. That is why "dumb" money is fleeing the markets like it was the plauge. Volume was quite low even for a great sell off in the beginning of trading today.
Everyone got bailed out except for John Q. Public. We've figured it out, and there will be no more bailouts (come November).
Everyone got bailed out but the people who paid for it. I wonder how that'll go down in November ;-)
When there are no consequences don't expect them to learn any lessons. There must be accountability.
I trade currencies now so I don't really give a crap about equities, but I do still follow the equites and it really has become a total joke. I'm embarrassed being involved in these capital markets. If only the "average joe" understood what was going on and what it possibly could mean to future generations once this canard is exposed for what it is.
Oh ....... it is now painfully obvious that the manipulation has extended to FX trading. Regardless of the size of the FX markets the CB's are still manipulating and holding off the inevitible. I couldn't begin to fathom the positions that world CB's hold thru their proxies.
Yes, the death throes of Keynesianism. Ugly to behold.
But not as ugly as the whoopin' the Celtics gonna' take from the Lakers tonight.
kobe
"Attention All Planets of the Solar Federation: We have assumed control. We have assumed control!"
I stand naked, in awe of the Red Star.
Do you think they meant to call it 2012 but thought 2112 had more symmetry?
I'm sorry...it was me...I had Granny's pension fund account open and I hit 'borrow/buy at 30x leverage' instead of 'screaming sell' by mistake.
I feel so bad, I flashsmashdashed it higher with my Phat Phinger. Now how will Granny pay for her Playgirls?
ROGUE TRADER! Get him!
The hunt for black october has begun.
I think I saw Granny with a shotgun and her phat finger on the trigger.Better hide behind a hedge for fund
I really want to find out how this endless game is being played. Day after day of econ data indicating weakening EPS on top of bad EPS news and this shi@$! occurs daily.
Eventually the integrity of the mkt will be so shot that all investors will simply go to cash and the unknowing will get buried.
I think the S&P needs to hit the upper bollinger band (also the trend line from the top back in April), on a nice white candle day tomorrow (also undoubtedly destroying a bunch of June put holders), preferably with a little more volume to set up good odds for a resumed downtrend next week. Of course, could just keep moving up, in a rerun of February/March, but I don't think the seasonality or the technical considerations really support that scenario this time.
My feeling is we'll hang around here - maybe up to 1150 area waiting for earnings. If we get perceived "good" earnings, look out above. A couple of key misses and we'll crash quickly.
I think they have a few tricks left up their sleeves to juice the earnings again this Q but that'll be the end of it.
Everything should be fine then. With "today's modern accounting" earnings will be just fine if not excellent!
F**KIN' BULLS**T
What is this crap? What's the headline now for this last minute run up? Obama's dog pooped in the kitty litter so the equity markets rose as a result?
Jim Cramer is going to be furious! Jim Cramer won't stand for this!
Your right I am so pissed that, well let's see what am I pissed about again?
We all know it's broken but the funny thing is when people post on here like there is still a market, like the bollinger band comment. It's hard to let go of the fact that there is no market. THEY made it look like a correction and now are running it back up. This feels a lot like last March when the non-stop ass raping started.
I am truly starting to give up that any of this will ever come to light short of a meteor hitting wall st. but then that would get spun bullish for the market just like the jobs number this morning was immediately spun to this is good news for the market by Jim Urinal, whatever his last name is, just like CNBC has an article up about how bad earnings and guidance is good for the market. Go check it out for yourself, think it's title something like a sheep in wolfs clothing.
Its the fact that its NOT a market, just a casino or a pattern matching game that makes it worth watching trendlines, bollingers, etc. There are no fundamentals now, and news is (and probably always has been) irrelevant. When the market rolls over again bad news will be seen and treated in its appropriate light. For now it just gets ignored or explained away, because not to do that would be to allow that the 'market' doesn't care at all about news and that its largely irrational, at least over shorter timeframes.
It will be kinda interesting to see what colors he is flying today.
I AM PULIC RECORD ON THIS SITE SAYING THEY AREN'T GOING TO LET IT TANK. i THINK TODAY WAS THE WORST MANIPULATION i HAVE SEEN YET. OF COURSE PAINTING THE TAPE IS ILLEGAL BUT NOTHING HAPPENS.
ABOUT 114, IS AN INTERESTING AREA. AMAZING AFTER DAYS AND DAYS OF BAD NEWS WE BREAK TO THE UPSIDE.
No worries. Eventually the goverment will fear a failed auction, and will tank the market to get the bonds sold; and/or the HFT algos will decide its time to decimate the bulls that they have sucked in.
+10
This totalitarian, fascist government does not fear anyone. They have total dominance of the markets. The free markets failed months ago.
Must be about 20 banks slated for FDIC seizure tomorrow.
And the lucky recipient of the scraps??
M & T Bank, of course!!!
You know what we need to end this lunacy? A volume weighted index ETF...
Don't give them any ideas.
I think there is takeover talk about m & t bank by one of those really strong euro banks. and who turned on those boxes at exactly 3:30 today?
time better spent at the beach with this crowd:
http://www.armaniexchange.com/category/lifestyle.do?p=1211&c=201812&s=90...
CB's are busy beavers indeedy these days! Engineering the "Goldilocks Depression". Today's numbers were encouraging: weak CPI and plunging Philly Fed offset the effects of newly monetized Euros. So no too cold, not too hot! Chairman Greenspan, you are a genius!
hyper DEPRESSION.
<EOM>
If it's so bad, Why do people continue playing the market? Stop your whining ,Take your money out of the market and invest in Girl Scout cookies. It doesent make you money, But the smile you bring to that Girl scouts face is worth the invsestment.
f**ktard
I second the motion.
Bad traders need to rationalize their failures. The market is the same game it was 100 years ago. The only thing that has changed is the technology.
It's never gonna be easy, especially if you're married to one side whether it be bull or bear.
+1000. We have all been there yet very few ever get past it.
As for my poor day trading, the midday chop used up my psychological capital to the point where I was too drained to jump in on the usual closing shenanigans.
100 years ago there were cannons, now there are thermonuclear missiles. Nothing changed but the technology.
A cannon can make you just as dead as a nuke.
Brett
You probably won't see this due to time zone but I might ask you again on another thread if you don't, b/c I am really interested in your reply:
Is there any difference btwn now and 100 years ago, just due to sheer scale?
For example:
I'm a very small fry trader on FX. When I started (not long ago), if I made a bad judgement and lost money, it would hit my stop, the trend would continue or consolidate, I had a choice to join the trend or wait, yada yada. I lost money but it wasn't the end of the world. I made longer term small trades that I could leave overnight or for a few days, with stops, see what happens. You know the routine. It was really, REALLY profitable.
Now...I can't put stops, even wide ones, b/c the swings are so HUGE. Daily, hundreds of points straight up, followed by consolidation then more sudden straight up or cliff back down. Within a day. There is no real 'trend' that I can see, but rather sudden moves followed by 6-15 hours of consolidation. You have to be on at just the right time, OR do very very short-term trades and watch it. (That's what I do now - put limits but no stops except mental ones, so no trades on while I'm not watching.) I don't hold anything for more than a few hours, at best. Sometimes a few minutes. Profits are meagre at best - the past few weeks I've made and lost the same few thousand bucks over and over again. Might be a sign for me that it's time to find something else to do, not sure yet.
But is this really normal? What I'm asking is, isn't the danger not that people lose money, or that they fail trades, but rather the SHEER SCALE and speed (especially as the big moves tend to happen more at odd hours now) of the moves? Make a bad trade, put a wide 'catastrophe' stop-loss, it gets hit and then the original trend resumes just hours later from the same place...make a bad trade, DON'T put a stop-loss, leave it alone and your account will be gone...ignore a steady stream of bad news for a week and just keep buying b/c it's just rocketed 200 pips in two hours and that's what the candles are saying? Why look at reports at all?
Not being sarcastic...I'm really asking, b/c I haven't been trading long and don't know what IS 'normal'. Is this how it always was, but it was just better MASKED before? TPTB sort of went thru the motions of trading on news b/c it was a rising market anyway and this would encourage the retail to join in?
Also, if this were really the same as before, wouldn't there be more 'humans' or retail investors or whatever in the market, and volumes be bigger? Or again, is it the sheer scale that has chased most of us out? And isn't that the real difference here? Again, really asking - I think it must be but I don't know.
Finally - wasn't the market more news-based before? (ie, flood of bad news, selling happens) Or did it just appear that way to me - it was always this manipulated but b/c they 'allowed' more shorting, we didn't see it?
Would be interested to hear what someone with more experience has to say about these questions...you or some of the other old-timers on here!
(PS: And yeah, I know, 'if you have to ask you shouldn't be in...' Heard that before, so we can skip that part.) :-)
Unsolicited reply I know, but I'm basically in agreement with Brett - nothing's changed in the market in the past 100+ years except the technology. Same manipulation, same back-and-forth scalping by professionals until they can draw the public into a big bull market, same leaving the public holding the bag at the end. I highly recommend 'Reminiscences of a Stock Operator' and 'Wall Street Stories' written by Edward LeFevre in 1922 and 1901 respectively. Update the language a little and they could have been written last year.
Al
So sorry to appear that your reply was unsolicited! You are most definitely one of the commentors here I was hoping would reply. There's a bunch of you 'old-timers' who wish I could just buy you a drink and hear your view on this market - you, mephisto, if, kreditanstalt, lizzie, turd, the list goes on. (Some of you guys I actually have done a 'stalker search' in the ZH posting profile for comments, to try to glean a 'longer term' perspective.)
So the scale doesn't mean much, then. Hmmm! Well, in a way that's actually kinda encouraging. (The end isn't so nigh.) And kinda scary. (What the hell have I gotten myself into then.)
Adding your recommended reads to my Find list now.
What -- you mean someone actually puts their own money into this Osterizer? To what purpose I wonder...?
Here's the Bberg headline:
Stocks in U.S. Gain on Late-Day Rally by Technology, Industrial Companies
Late day rally by technology... how true.. how true...
And of course the article itslelf is still the old one full of negative news...
My guess is that The Squid gets ramped tomorrow along with the banks.
The newly hired recruits at TIAA-CREF are now getting ready.....
My guess is that The Squid gets ramped tomorrow along with the banks.
They have to downgrade the company first.
how can anyone take an overnight position with this manipulated market? i'm thinking about a trip to rio... looks like fun
http://www.wallpaper.com/video/fashion/behind-the-scenes-of-the-garota-d...
That kid is overqualified to work at CREF.
That's just brutal, man.
Funny... but brutal.
hahahhaahhah
i agree with the frustration voiced here. this market is by defintion - corrupt. it is a joke. it eats at my core to watch this oligopoly of financial terriorists do what they do each day with impunity.
It is not manipulation. This news article just came to the market's attention and was a very strong signal to buy, buy, buy.
http://www.cnbc.com/id/37732312
That explains it. Buy the dips.
First, individuals stop making mortgage/car/student loan payments. Then banks skip TARP payments.
On Deck: Cities, counties, states and countries stop paying bondholders.
UFB. What else is there to say but "UFB".
But will the mortgage companies just up and send us our free and clear titles already?
I'm get weary of my "honk if I'm paying your mortgage" bumper sticker. Sounds like driving in Mexico City traffic.
Adding to the bizarre conclusion of missing the "dividend payments", never mind really buying back shares, is the fact that the last great act is to have the FDIC come in and close the thrift.
With the realization that the share holder is also the Treasury. So now the FDIC must come in and reconcile the loss with itself from an industry trust fund that it manages as protection for depositors.
I wonder how it will price, what it pays itself.
What??
This is so beyond strange. There are no words to really describe the mess which is Washington.
Mark Beck
Since 5/5/2010, $28.419 BILLION has been withdrawn from domestic equity funds. 9 of the prior 12 weekly initial claims have been 450K+ with 6 of the 12 weeks 460K+. Yes, one could state that the market is sad however at the very least, it is a mockery.
To boot, our elected "representatives" who remain clueless on derivatives, HFT and Econ 101 are now deep water drilling experts and displayed their prowess today on cement stress tests and several became metallurgists overnight.
Mary Schapiro has no time to investigate market manipulation and corruption as she is preoccupied with writing letters of recommendation on behalf of SEC employees heading to Wall Street.
Sad and mockery are terms that unfortunately describe the U.S.
Vigilant Grandpa...a bit frustrated on behalf of all grandchildren...
Stay unsatisfied grandpa. Don't let your grand kids settle for fascism.
"Teach your children, well their parents hell will slowly go by"
I am actually more surprised that nearly $30B of "dumb money" is smart enough to sell on strength. I just need the PPT to keep it up for a few more weeks - LOL! They can either prop the market or bail out the pension funds, what's the dif? Until then SELL SELL SELL MORTIMER!
Looks like the flatbillers hanging out Starbucks are back to daytrading junker stocks again.
Like banks, REITS remain on a tear. Just can't get enough commercial real estate as vacancies, delinquencies and defaults run in tandem with the REIT prices. IYR up $5 (10.6%) since June 7th.
Imagine that , even with Fannie and Fredie getting delisted and adding billions, possibly trillions to our debt. RE is the most unbelievably proped market that ever existed. The gov. and the banks will do everything they can to not let it fail because they know that it means end game once they do.
That being said SRS looks like it has bottomed for real, much like the vix did a couple of months ago. UNG aalso looks like it might have seen its bottom a few weeks ago.The end game cometh!
robo why are you blaming the daytraders at starbucks? those dewds don't have the buying power plus an internet connection at starbucks doesn't have the firepower of a t3. this market seems down right dangerous for any trades that don't have a really toight stop loss, escept of course aaple which is headed for 300.
this market has me eating too many donuts and chips. got to hit tha gym.
http://madeinbrazil.typepad.com/madeinbrazil/2010/06/carlos-freires-abs-...
Freddie Mac up 4.9% 97 milshares traded
Fannie + 1.40% 121 Milshares.
they still have until 28 June to do the penny jig
LMAO!
Estos mariachis son muy simpatico, pero necesitan mas machismo.
http://www.youtube.com/watch?v=mSCYmV3_r6k&feature=related
Que paso!! It may be a reach, but is that Greenspan on the right and Geithner next to him? Halloween at the fed?
Sorry, but it should have been fairly obvious quite a while ago that anyone who insists on playing in this sandbox deserves to have their milk money and lunchbox stolen.
And believe me, that is exactly how the ones doing the stealing rationalize it.
I am so F*CKING tired of this bullshit!!!All my friends and family think I have went off the deep end when I tell them they need to get out of the market and that the recovery is a bunch of bullshit. Now after this week I will be inundated with comments about how well the market is performing. I may be NUTS but I am right to not trust this market. The family Fathers Day BBQ is going to be ruthless, thankfully I will be drunk about 1.5 hours in.
DON'T scream the truth to everyone--only mention to the folks that might be open to reason. Cuz you're gonna have a lot of unexpected visitors to your house if you tell everyone in your neighborhood to buy gold and stock up. If you do insist on telling everyone you believe in gold, don't forget to mention that you also believe in ammo, and if you see them approach the house armed after TSHTF that you'll shoot first and ask questions later. Jews in Weimar Germany who had gold considered themselves prepared...until that knock on the door.
Abe Lincoln may have freed all men, but Sam Colt made them equal.
Have only suggested getting out of market. I just suggest they move to the sideline. If anyone even showed a remote interest in what I was saying I might would refer them to ZH or Chris Martenson's site for further research so they can make their own decisions. But all I seem to get is a look like "This guy is LOCO". F*ck Em!!!!! Only wife knows about PMs, lead and various lead delivery systems.
A quick shout out to John Moses Browning, Eugene Stoner, and A. Kalishnikov for good measure. I'd mention Edward Teller if h-bombs were affordable, so I guess Molotov has to stand in for the personal WMD's category.