My take on views expressed by Jim Rogers at a BBN interview on Mar. 18 about the recent currency and trade confrontation between the US and China, the Canadian loonie and the U.S. bond market.
Phinance's phavorite political prisoner, Martin Armstrong, cautions that "the EU is in dire position", on the precipice of shattering. Since "debts will never be paid and interest expenditures are the greatest transfer of wealth in history ... Western society is falling apart ... If we do not act, civil unrest will explode. The current choice is DEFAULT or HIGHER TAXES & CIVIL UNREST ... Someone has to step forward to save us or we may be doomed. It's time to wake up for this is the future of our children and their children at stake. "
For the first time in several months I am clueless as to what is going on. Very conflicting signals. Are these 10 days just another iteration in the fake rally, which constitutes 95% of the governments "public policy"? Or has the government finally lost faith on such idiotic "policy" given the last consumer confidence figures, and as a result is reversing course? I have been and am fully convinced the markets are to crash at some point but just don't see why this would be the point, other than the government deciding to change course.
by Gordon_Gekko on Fri, 10/30/2009 - 12:16 #115262
Well it's up sure, but barely compared to the plunge in equities. The POS took a plunge from about 76.40 to abt 76.15 IN THE MIDDLE OF THE EQUITIES SELL OFF.
the dollar index was up sharply after falling
sharply the day before....however i believe
that most of the rise in the dollar over the
past few days has been due to purchases
of treasuries this week...
by Gordon_Gekko on Fri, 10/30/2009 - 11:51 #115199
Ummm...wasn't the dollar supposed to RISE when equities fell, or something like that? Well, it looks like the equities are falling, but the dollar ain't rising that much. The dollar ain't gettin' a respite either way - as it mustn't. So much for "deflation" (Robert Prechter must be so happy!). So basically now the US Stock market is now the worst of ALL the worlds...a falling dollar and falling stock prices (as will soon be the case with Treasuries - a falling dollar with falling Treasury prices). HAHAHAHAHAHHAHAHA!!!
Note to Dollar-Deflationists: Quick! Buy some treasuries and dollars today (or better yet RIGHT THE F--K NOW) before they run out of 'em.
It probably isn't relevant, but I just woke up from this dream where the aliens, from Alien, decided to overtake earth. They were after one kid in particular and they were being helped in their imminent conquest by a group of people, one of whom was called Stephan Guld (anyone?)- who incidentally was a female- i know this because she was a right cheap tramp, she even did me. briefly. anyway.. the kid decides to go to Texas where,.. in dreamland.. 50N. confuses the Alien mapping sensors. So the Aliens send down one of their hit squad -who, by the way looks like the dissociated head of Nixon from Futurama- and the Guld character above tells them the renegades, or whatever, it's coming to get them. So they start running. And they want to leave the gate open though partly because it's broken and who wants to stay and mend it. So the kid fixes it and then runs. The Alien (head) flies down in its little spaceship and charms a teenage girl. Who then just annoys the alien so that it fries her brain neatly and then injects into her. Anyway, by killing her quickly the alien plans are delayed, from lack of intelligence on the ground...so.. and this is where it all falls apart.
The Darth Vader of the Aliens, in a little black head-sized spaceship flies down to earth. And reports back, that they can overthrow the earth without firing a shot- by revealing to the masses what their government is doing to them.
I suspect that the HFT programs are saying "hands off" and are demonstrating how easily they can shut down the markets by essentially launching denial of service attacks on the order servers
Who else could launch "an inordinate influx" of sell orders on normal (or below average) volume?
by Leo Kolivakis on Fri, 10/30/2009 - 15:13 #115509
Big hedge fund client calls Goldman telling them "we need to spread panick out there so we can accumulate more shares". Goldman answers "no problem, it's Halloween, so we'll make it look really scary and buy right alongside you while the suckers sell". And so goes another routine day for Wall Street crooks. Double YAWN!!!
The systems and software must be made to work with even the largest volume spike possible. This will re-assure investors and ensure they have faith that when they place an order (either buy or sell) he order will be executed.
on Fri, 10/30/2009 - 10:56
#115126
At what point does Uncle Sugar step in and start buying spoos as fast as Zimbabwe Ben can produce the electrons?
on Fri, 10/30/2009 - 11:00
#115133
Right about now.
on Fri, 10/30/2009 - 11:04
#115138
right on schedule
"don't worry here, stocks really ARE meant to be valued at 100 times earnings, just keep buying"
on Fri, 10/30/2009 - 10:58
#115129
Has anyone seen my TPS reports ? ? ? (Office Space conf. call: Beuler, Beuler, anyone . . . )
on Fri, 10/30/2009 - 11:00
#115130
As Tyler so eloquently put it; Fuck this shit!
on Fri, 10/30/2009 - 11:04
#115137
Today's word is crater.Can you say crater boys and girls?I knew you could.
on Fri, 10/30/2009 - 11:07
#115142
Crater, hmmm, hmmm, hmmm
on Fri, 10/30/2009 - 11:06
#115140
Must...not...allow...BAC...under 15...shutting down...
on Fri, 10/30/2009 - 11:07
#115141
TYLER / You watching/seeing the vol in the YEN?
on Fri, 10/30/2009 - 11:09
#115145
Gosh, they seemed to handle yesterday's melt-up so well, what possibly could be the difference?
on Fri, 10/30/2009 - 11:16
#115157
Strangely, on up days volume is so low the 'puters can handle it.
On down days, well....
on Fri, 10/30/2009 - 11:12
#115148
I haven't seen any of those DOW 10,000 hats over on CNBS recently.
on Fri, 10/30/2009 - 11:17
#115159
For the first time in several months I am clueless as to what is going on. Very conflicting signals. Are these 10 days just another iteration in the fake rally, which constitutes 95% of the governments "public policy"? Or has the government finally lost faith on such idiotic "policy" given the last consumer confidence figures, and as a result is reversing course? I have been and am fully convinced the markets are to crash at some point but just don't see why this would be the point, other than the government deciding to change course.
on Fri, 10/30/2009 - 13:57
#115391
Is the party over ?
on Fri, 10/30/2009 - 11:19
#115160
SPY and IWM are trading as far below their VWAPs as I can see... are there painting the tape negatively???
on Fri, 10/30/2009 - 11:24
#115162
Dollar's down and market down first time in 9 sessions.. Ruh Roh. Sellers are out today.
on Fri, 10/30/2009 - 11:36
#115180
Dollars up 0.51%
on Fri, 10/30/2009 - 11:53
#115208
Calling Bobby Prechter, calling Bobby Prechter...Helloooo....anybody there?
on Fri, 10/30/2009 - 11:59
#115229
Umm the dollars up $DXY .41 or .55% @ 76.32 what dollar are you looking at?
on Fri, 10/30/2009 - 12:16
#115262
Well it's up sure, but barely compared to the plunge in equities. The POS took a plunge from about 76.40 to abt 76.15 IN THE MIDDLE OF THE EQUITIES SELL OFF.
on Fri, 10/30/2009 - 15:06
#115500
the dollar index was up sharply after falling
sharply the day before....however i believe
that most of the rise in the dollar over the
past few days has been due to purchases
of treasuries this week...
i expect the decline to resume next week...
on Fri, 10/30/2009 - 11:25
#115163
Well, Halloween is tomorrow.
on Fri, 10/30/2009 - 11:28
#115167
Amex volume about 40% less at 12:30 today than in previous 4 days.
on Fri, 10/30/2009 - 11:29
#115170
Everything's okay here. Move along investors. Pay no attention to the man from Goldman Sachs behind the curtain.
on Fri, 10/30/2009 - 11:31
#115173
Wow, Yen is spiking like there's no tomorrow. Maybe there won't be.
on Fri, 10/30/2009 - 13:54
#115386
Was there one today?
on Fri, 10/30/2009 - 11:32
#115174
this looks scary now. you think you got a quick finger? think it again.
on Fri, 10/30/2009 - 11:36
#115179
Relax, it's just Goldman and their big hedge fund clients doing the final shakedown so they can scoop up some shares on the cheap. YAWN!
on Fri, 10/30/2009 - 11:51
#115199
Ummm...wasn't the dollar supposed to RISE when equities fell, or something like that? Well, it looks like the equities are falling, but the dollar ain't rising that much. The dollar ain't gettin' a respite either way - as it mustn't. So much for "deflation" (Robert Prechter must be so happy!). So basically now the US Stock market is now the worst of ALL the worlds...a falling dollar and falling stock prices (as will soon be the case with Treasuries - a falling dollar with falling Treasury prices). HAHAHAHAHAHHAHAHA!!!
Note to Dollar-Deflationists: Quick! Buy some treasuries and dollars today (or better yet RIGHT THE F--K NOW) before they run out of 'em.
on Fri, 10/30/2009 - 12:00
#115231
Reinstate Glass Steagall before we have armageddon and tell the investment banks to go f*** themselves.
on Fri, 10/30/2009 - 12:02
#115237
"Don’t sell America short!”
- JP Morgan
on Sat, 10/31/2009 - 05:54
#116001
Sometimes I think you're Dennis Kneale in disguise.
on Fri, 10/30/2009 - 12:04
#115244
a gust of wind hit the house of cards, will it all fall down?
on Fri, 10/30/2009 - 12:13
#115260
a gust of wind hit the house of cards, will it all fall down?
on Fri, 10/30/2009 - 12:16
#115263
Oh Mr.Prechter-Mr. Prechter. I believe your table is ready now. Today's Special: VIX flambe,Le Dollar avec jus et Inflationist Brulee.
on Fri, 10/30/2009 - 12:19
#115266
So what I am getting is: NYSE slows down sales and allows the SPY gunner to get into position. IS this a Master and Commander book?
on Fri, 10/30/2009 - 13:14
#115334
It probably isn't relevant, but I just woke up from this dream where the aliens, from Alien, decided to overtake earth. They were after one kid in particular and they were being helped in their imminent conquest by a group of people, one of whom was called Stephan Guld (anyone?)- who incidentally was a female- i know this because she was a right cheap tramp, she even did me. briefly. anyway.. the kid decides to go to Texas where,.. in dreamland.. 50N. confuses the Alien mapping sensors. So the Aliens send down one of their hit squad -who, by the way looks like the dissociated head of Nixon from Futurama- and the Guld character above tells them the renegades, or whatever, it's coming to get them. So they start running. And they want to leave the gate open though partly because it's broken and who wants to stay and mend it. So the kid fixes it and then runs. The Alien (head) flies down in its little spaceship and charms a teenage girl. Who then just annoys the alien so that it fries her brain neatly and then injects into her. Anyway, by killing her quickly the alien plans are delayed, from lack of intelligence on the ground...so.. and this is where it all falls apart.
The Darth Vader of the Aliens, in a little black head-sized spaceship flies down to earth. And reports back, that they can overthrow the earth without firing a shot- by revealing to the masses what their government is doing to them.
on Fri, 10/30/2009 - 13:25
#115345
Enjoying a seasoned calamari salad...with dollop of Chimichurri sauce...
on Fri, 10/30/2009 - 14:03
#115402
TD,will you be kind enough and open up some capacity on your servers for people to trade with(lol)?
on Fri, 10/30/2009 - 14:32
#115449
I suspect that the HFT programs are saying "hands off" and are demonstrating how easily they can shut down the markets by essentially launching denial of service attacks on the order servers
Who else could launch "an inordinate influx" of sell orders on normal (or below average) volume?
on Fri, 10/30/2009 - 14:36
#115459
It appears that Goldman does just great being a Supplemental Liquidity Provider on the up days, but you wonder where they are at on a day like today.
Perhaps they are maunally turning their HFT algos to the "reverse" position and needed to place the mechanism in "park" first.
on Fri, 10/30/2009 - 15:13
#115509
Big hedge fund client calls Goldman telling them "we need to spread panick out there so we can accumulate more shares". Goldman answers "no problem, it's Halloween, so we'll make it look really scary and buy right alongside you while the suckers sell". And so goes another routine day for Wall Street crooks. Double YAWN!!!
on Sat, 10/31/2009 - 06:20
#116008
It works until it doesn't Leo, you cheerleader.
on Fri, 10/30/2009 - 20:15
#115789
The systems and software must be made to work with even the largest volume spike possible. This will re-assure investors and ensure they have faith that when they place an order (either buy or sell) he order will be executed.
time123