Not Going Down Without A Fight

Tyler Durden's picture

Your rating: None

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Fri, 10/02/2009 - 11:56 | 86552 BetterOffDead
BetterOffDead's picture

Clearly the squid got the numbers yesterday as well and revised their claims estimate, then told their favored clients the news.  How is this not insider trading?  Or does it fall under the "no insider trading for political info" category?

Fri, 10/02/2009 - 13:29 | 86701 Careless Whisper
Careless Whisper's picture

I doubt Goldman would need to get the numbers from someone on the Finance Committee; isn't it standard operating procedure for them to have their own person at the source?

Fri, 10/02/2009 - 14:04 | 86744 _Biggs_
_Biggs_'s picture


Fri, 10/02/2009 - 18:45 | 87129 Anonymous
Anonymous's picture

Clearly. But don't let this little fade take your eye off the bigger picture.

October 12th is the scheduled acceleration point for the bigger sell-off.

The green shoots are getting smaller and smaller as the season for vegetative growth is over. It is time to harvest.

Fri, 10/02/2009 - 14:59 | 86843 Anonymous
Anonymous's picture


Looks like the shorts were sold starting ~ 2:28 yesterday and covered at opening this AM.

One could argue the GS boys got the word Wednesday night and took their shorts at the opening Thursday AM then covered on the opening today.

Or, maybe it is all coincidence.

Fri, 10/02/2009 - 12:06 | 86564 Michael
Michael's picture

Another big win. The planets must be aligning and the gods smiling down on us.
Chicago was eliminated from the Olympics.
It would have elevated Obama to god like status if they had gotten the games, but now he is confirmed to be mortal.

Fri, 10/02/2009 - 12:09 | 86566 Divided States ...
Divided States of America's picture

Oh too bad for Obama, now he cant make fun of the handicap athletes at the Special Olympics.

Fri, 10/02/2009 - 13:03 | 86660 Anonymous
Anonymous's picture

Quite rational decision.
The US is bankrupt, and USD is likely to lose its reserve currency status before 2016 - thus the govt will have no money for the Olympics and will not be even able to borrow. Besides, Denmark had to take unprecedented security measures during Obamas short visit (police in the streets, helicopters in the sky, etc.) This was not only irritating for the IOC members, but also reminded them of the security implications related to having the Olimpics in a country fighting several wars simultaniously and ready to engage into yet another.

Fri, 10/02/2009 - 12:09 | 86567 SilverIsKing
SilverIsKing's picture

Mortal?  Very generous of you.

Fri, 10/02/2009 - 12:20 | 86582 ratava
ratava's picture

Long eurusd long gold here.

"tinfoil hat on"

Did you know gold molecules can carry proteins around?

Fri, 10/02/2009 - 12:21 | 86583 Ned Zeppelin
Ned Zeppelin's picture

Madrid should get the nod.

Fri, 10/02/2009 - 12:29 | 86595 mule65
mule65's picture

I'll take prime time thongs in Rio!

Fri, 10/02/2009 - 12:31 | 86597 Michael
Michael's picture

I'm roorting for Rio too.

Fri, 10/02/2009 - 12:51 | 86638 Cognitive Dissonance
Cognitive Dissonance's picture

12:52 PM, Rio thongs it is.

Fri, 10/02/2009 - 12:21 | 86584 OrganicGeorge
OrganicGeorge's picture

I still think it's too early for the next leg down.  Expect more sideways chruning in the comming week.  Just enough for everyone to get turned into chum

Fri, 10/02/2009 - 12:28 | 86592 Ned Zeppelin
Ned Zeppelin's picture

This is the kind of stuff where those zany Zero Hedge types will start talking about the Fed needing to sell $138 billion of debt next week with an all-but-exhausted OMO budget and so the Fed and the Squids will engineer a precisely-timed equities market pullback in order to drive money away from the stock market and into risk averse investments.  Those guys crack me up! Gosh, let me guess, today's close will be kind of iffy (give 'em a bad weekend!), and Monday a complete rout! Right, c'mon. Sure.

Fri, 10/02/2009 - 12:34 | 86604 Anonymous
Anonymous's picture

I still cant believe how naive some are that blame Obama. Haven't you figured out yet that politicians don't run the show? Big business does you idiots , to blame Obama is misplaced anger and distracting away from the real sum bitches manipulators of the economy. Blaming Obama for the economy is like blaming the sun for the tides. Ill bet you sigh relief when Sarah Palin finally makes it as your leader...LOL

Fri, 10/02/2009 - 12:57 | 86653 curbyourrisk
curbyourrisk's picture

Don't you know...we are not idiots here on ZeroHedge.  We aer all well educated.  We know it is not his fault, we just ENJOY blaming the idiot for everything because refuses to his job and lead.  Until he starts doing the RIGHT things, we will continue to hammer him......regardless.  It might not be his fault, but he could have acted differently and taken other steps to actually try to get things right.  he chose not to take those steps and therefor we hold the right to bash him.

Fri, 10/02/2009 - 13:39 | 86712 Anonymous
Anonymous's picture

I figured Obama's overnighter was based on frontrunning knowledge of the IOC decision. Why else would a POTUS risk humiliation and the agony of defeat ??

You would think one of those 32 czars would scream " Don't Go !! The fix only works within Chicago city limits ".

Fri, 10/02/2009 - 16:36 | 86970 Marge N Call
Marge N Call's picture

+100. Yep, it's not all his fault, but he's such a complete doofus one can't help but bash him.

Fri, 10/02/2009 - 14:12 | 86755 ZerOhead
ZerOhead's picture

Idiots... hmmm....

And am I the only one here who finds Sarah hot... in a tard kinda way?

Fri, 10/02/2009 - 14:52 | 86822 Herne the Hunter
Herne the Hunter's picture

Didn't even bother checking URL, thought it would lead to a hot GIF of Sarah Palin... Damn my instincts

Fri, 10/02/2009 - 16:38 | 86974 Marge N Call
Marge N Call's picture

Relative to other politicians she is SMOKING hot.

Fri, 10/02/2009 - 17:15 | 87026 Argos
Argos's picture

Oh, please.  If America wants a big comeback in the world, we NEED to elect Angelina Jolie.  Putin would do anything we like then.

Fri, 10/02/2009 - 21:56 | 87346 Anonymous
Anonymous's picture

Sleep with the dogs, you might get fleas

Fri, 10/02/2009 - 12:37 | 86613 Bearish Spirits
Bearish Spirits's picture

CNNMoney:  "Stocks Down, But Not Out on Jobs Report"

Look for this to be a new talking point if the market holds up today.  "The market is SO resilient!  Even with bad news, you'll still have the chance to get out at a time of your choosing!"

Fri, 10/02/2009 - 12:40 | 86618 Michael
Michael's picture

The nation has been so pusssyfied up to this point, but the process in now being reversed. Everybody I know is now listening to Alex Jones and checking out InfoWars.

Fri, 10/02/2009 - 12:44 | 86621 ghostfaceinvestah
ghostfaceinvestah's picture

When the market's are in doubt, you can always tank the dollar a bit to save them.

Fri, 10/02/2009 - 12:56 | 86651 TraderMark
TraderMark's picture

didn't realize congress finance gets the number at 2 pm


that means goldman must get it at 1 pm which plays exactly into their last minute adjustments.... its all coming together


where is taibbi!

Fri, 10/02/2009 - 13:07 | 86667 cocoablini
cocoablini's picture

This may be a recoil off the bollinger band. The robo-bot buyers may be buying the bottom band puncture and selling on the recoil on the top band-it that happens.

Most of the daytrader black boxes are flying on Bollinger autopilots and bracket the falls and rises by triggers.

The market has been mediocre and weak for about 1.5 weeks-except for the unexplained 100 pt runup on the Holiday. Bound to have rebound but watch and see if it's weak and falls back down before the top bollinger is tapped. That is a sure sign that market has changed

Fri, 10/02/2009 - 16:14 | 86945 cocoablini
cocoablini's picture

As suspected, it's the Bollinger bans whihc provided some support for the markets. Traders are using the BBands to take chipshots at the deltas between the standard deviations. The harder the hit, the harder the recoil. The fact that we ended up down means market sentiment and volume is strong downwards-especially if the SPY gunner is firing as well. This happened last year. 500 pt. drops would get bracketed by the Band algorithmic traders and the PPT would of cours turbo charge the recoils


Do NOT follow this link or you will be banned from the site!