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Pigs and Supermodels
Very quiet, boring day today. Keeping an eye on the European banks and the resilient semiconductors. If the girls can get themselves out of rehab and the banks cen get something going, then a reaction rally might be due. Otherwise, its back to "Risk Revulsion and Convulsion".
Very interesting to see how the semiconductors have not been able to make new lows in a few days, so it will be best to watch these hookers for clues:
No real bottlerockets or big shank jobs to show today, just more selling from scared mutual funds and panicked hedge funds eyeballing the EUR/USD and trading tick for tick.
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look no further just watch your own xlf and 200dma
Andy, Robo, I'm going to turn you on to the shit right here;
http://www.youtube.com/watch?v=mkEzOXsx2DE
Well, Gold is hanging tough ya know.
OK, here's some pork for ya, bend over tax payers;
http://www.thinkbigworksmall.com/mypage/player/tbws/23088/1111064
That is a must watch. Stunning and more of the same.
Thank you Babe.
Boy, you really know how to brighten days Rusty.
Thanks for sharing.
wow... Un_F_believeable
tnx
"Very quiet, boring day today."
yeah, all action is behind the wall. will the big guns investors start withdrawing in panic their funds from emergin markets and hot zones is the question of the day.
PPT stayed home today.....probably tomorrow too. Snowed in. Might be out Wednesday, too. When weather finally clears they'll be back to God's work.
Robo,
You hit my weak spot with Gisele. Today was a total writeoff, hardly any volume. But boring markets are good, because when they take off, wild boars will come roaring back.
Today's market action:
Most active gainers:
NYSE
Nasdaq
Amex
Most active decliners:
NYSE
Nasdaq
Amex
Hey Leo. Your Saints won. Congrats!
Funeral homes are boring too, and there, nothing comes back to life. Just a thought.
Still waiting for that financial nuclear bomb to detonate, then everyone will be killed off, including blowhard traders with itchy trigger fingers. -)
Leo - Still got Solar?
Does the sun still rise in the east and set in the west?
Actually, the sun neither rises nor sets. Pretty much stays in one spot, relatively.
There you have it...
from a real blowhard's blowhard.
That's my picture. Where is my money?
- Ray B
Only the third down Monday for SP500 since late September.
By Peter Garnham, Victor Mallet and David Oakley in London
Published: February 8 2010 11:48 | Last updated: February 8 2010 19:03
Traders and hedge funds have bet nearly $8bn (€5.9bn) against the euro, amassing the biggest ever short position in the single currency on fears of a eurozone debt crisis.
p.s.
I am with "NRub" on this one, our market won;t see much of the action this year. All action and pain will be happening across the lake.
and that:
"Elena Salgado, Spanish finance minister, and José Manuel Campa, her deputy, flew to London to meet bondholders.
The Spanish government is convinced it is being unfairly treated by foreign investors and the media. José Blanco, Spain’s public works minister, hit out at “financial speculators” for attacking the euro and criticised “apocalyptic commentaries” about Spain’s finances.
Appealing for patriotism, Mr Blanco said in a radio interview: “Nothing that is happening in the world, including the editorials of foreign newspapers, is casual or innocent.”
sounds very reassuring, lol
She needs to do something about that tan line.
Wait a minute and I'll rub some bronzing foam on it for you.
Tan line at night
traders delight!
Tan line in day
go away
is there an ETF for that?
I cut loose a bunch of puts this afternoon. If we are going down, we should go down hard, and today was not a hard down move.
So I am leery of a bounce.
we still end up in the toilet within 2 weeks or so.
if only 3rd mon with down S&P,something freaky afoot
John,
Lookin' mighty f_cking bouncy just this second. Your gut called it. Just sayin' it for the record as I browse these old comments.
ERTS down 9% after hours.
HIG down about 2%
No numbers on PFG yet.
PFG wishes there were no numbers on them, after this report.
the biggest sell-offs always start from deeply oversold levels... be vigilant or miss the boat...
Bingo.
What's so boring about making money?
"I made more money sitting than trading."
Jesse Livermore.
http://www.jubileeprosperity.com/
sinclair
"The following is ABSOLUTELY correct, so therefore sell all currencies into strength and buy gold on all weakness. There is no other strategy that will survive."
the zit pocked faces of the young ,, have no memory .. thus they will act as if their 30 odd years of life is supreme, and act accordingly,,
Met Sinclair in Chicago.
He was bullish on gold from 1980 to 1999.
Whew...
Crash and burn is how you learn.
I mean---why listen to older folks who have seen things.
I remember, when I was 22 (many moons ago), telling an skeptical old construction guy, essentially, "this situation is different, this time is different"...I was wrong and right, but things sure look a lot different now than back then...
The funny thing is old folks that 70ish, as a group, have suffered the least of Am generations, they missed the WWII, some in Korea, and many too old for Vietnam, and for their entire working life US economy did really well, they had demographics winds at their back with expanding US population. If find when talking to that generation they are a bit clueless about the insecurity of current middle class working folks, they have pensions, and they do have sense of things will be fine...honestly, their parents went thru the tough times, but they haven't had many hard knocks...
I see a draft down to test the 200 day MA level in early March, and then a gentler sloping rally until the late Summer.
Until more liquidity is provided from QE 2.0 and/or another stimulus, the markets will decline. Being an election year, our financial "prudence" will make us consider balancing the budget (yeah right) for another month. As the conditions in this country will not be organically improved, I suspect another stimulus program in the form of QE 2 and a jobs bill. This will be enough to bring S&P to the 1220-1250 level and the 61.8 Fib retracement culminating in a third, gentle, rising wedge. At the end of the wedge, we face either a true ending rising wedge with a lot of air underneath it, or we see organic growth that carries us through an ascending triangle.
The choice is theirs, but we'll see a test of the 200 MA in early March. I believe that the "deteriorating climate" will lead to the injection of liquidity via QE and a jobs bill. We'll rally until the late summer, and then we'll see if we've began a real recovery yet. If not, we'll see a W and a double dip.
Just the way I see it!
Gold and silver, snitches!
Big4 still sitting strong and
short for $350 gold and $4 silver.
Seems some people are most bullish
after the top.
Deflation rules...
http://www.jubileeprosperity.com/
Supreme leader Ayatollah Ali Khamenei said on Monday that Iran is set to deliver a "punch" that will stun world powers during this week's 31st anniversary of the Islamic revolution.
"The Iranian nation, with its unity and God's grace, will punch the arrogance (Western powers) on the 22nd of Bahman (February 11) in a way that will leave them stunned," Khamenei, who is also Iran's commander-in-chief, told a gathering of air force personnel.
A nuke would do the trick.
With all the hype surrounding this Iranian announcement, I'm thinking it has to be something bigger than nukes. My bet is they're going to unveil a new low cost domestic airline with Mullah-class upgrades for madrassa graduates holding a valid diploma, and deep discounts for visiting Qum during Muharram.
maybe they'll unveil their USD printing press they nabbed after they downed Bernanke's helicopter...
Sounds like he wants to demonstrate Iran's ability to put a payload in orbit.
Or he's cut some deal with the Chinese which would be a direct slap in the face to the current administration.
No nukes necessary.
GET YOUR
GLOBAL WARMING VACCINES
Standard playbook. Mideast crisis February 11th to get the markets moving. Thanks Iran for your special team effort. Just hope they don't piss-off the Israeli's who may show them what a real nuke looks like when it goes magic mushroom, boom.
My take on Iran is that they will be all Bates and no Master on Feb. 11.
We will see!
how do we post on here?
"Very quiet, boring day today"
Read between the lines, Robo.
That shakeout of the johnny-come-lately shorts, on Friday, allowed the Big Boys to take the market down on light volume, without too many hitchhikers.
That tells me we're going lower.
Be afraid, Leo! Be very afraid!!
This market has support and more counter trend rally looks likely. SP00/DOW downtrend on the daily chart continues.
http://www.zerohedge.com/forum/market-outlook-0