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Risk Off: Time to Get Out of Dodge
Heh, the party is over. Why did Goldman Sachs' stock hold up today? Check out the shank jobs they executed on the Mo-Mo Monkeys.
Meanwhile, the U.S. Dollar surged and Treasury Bonds went wild:
Its only a matter of days now before the 10-year yield crashes down to 3.5%, or even back to 3.0%, and once again, the "Animal Spirits" will be unleashed by greedy speculators.
Looks like capitulation day:
How about some volatilty???
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Round and round she goes, and where she stops nobody knows...just wait until the market corrects 10%? How will the admin's ability to kite this market without GS be then, my fine friends? A plague on both thier houses.
Rumors of runs on Greek banks and European political ineptitude, are killing Greece. Contagion risk spreading as European politicians sit idly aside. But keep this in mind: one of the largest shareholders of NBG is the Greek Orthodox Church (The Church also owns primo real estate in Greece).
But what conclusion are you drawing from this? I've read a suggestion that the Church may be about to come out in support of austerity; is this what you're thinking of, or something else?
I'm not aware of the Church's position in regards to austerity measures. All I am saying is that the Church will not sell its stake. If you look at NBG's long-term chart, this may be a steal right now:
http://finance.yahoo.com/echarts?s=NBG+Interactive#chart1:symbol=nbg;range=my;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Anyone tempted here? For sure some hedge funds are scooping up shares at these levels.
Falling knife. Might bounce back to 3.75, or it might just shuffle sideways for a few weeks and then break to 2. Better to wait and by AAPL on the pullback if you're bullish.
Yes, it is better to buy the most overvalued stock of them all.
AAPL is not overvalued one cent. You could express iPhones, iPads, and Mac ecosystems as a % of GDP.
Look at it's PE (minus cash) and the scale they've achieved. Not to mention what innovation they have in the pipeline. Even after the huge run up.
That's IF your bullish.
I almost like the Greek banks long if I could trust those suckers. Just wait for the Green lights from ECB or IMF or WTF then go all in.
Anyone know what a "Portuguese breakfast" is?
When the market tanks, stocks like Apple will crater hard. The stock is highly liquid and overowned by momo chasers. Today is a good example. AAPL underperformed the 3 major indices.
No way to know if today's action in NBG is an exhaustion gap or not. I would tend to say not. There was no sign of a reversal; it closed on the lows on 8x normal volume.
The things that would make me bullish:
- An island
- A big-volume reversal
- Successful retest of that 2.28 support from 03/09/2009.
Finally! I feel beeter now, thanks.
(Get it?)
Thanks Leo!
Let's compromise... I could fall madly in bed.
Some day some poor schmuck is going to fall for that shit and marry her.......hhhmm
fake tits
Holy Moly...get it...haha...ok...not so much...
Holy Crap... A Creepy Bearded Priest With Warts...
RUN Altar boys, RUN!
If it makes a difference (and I think it does) Greek Orthodox Priests can marry....Russian Orthodox, too.
All Orthodox priests can marry, Serbian, Romanian, Bulgarian, all the way to my local Orthodox priest here in America. Traditionally married Orthodox priests run the local parishes (where the young altar boys are) and celibates run the seminaries or are monks in monasteries. Forcing all priests to be celibate was a development limited to the Latin Western Church, after it schismed away from the Eastern in 1054.
It's absolute PROOF it's manipulated. It's PROOF they can hold up a stock, that's what it shows. OUT MUPPETS
so today's fall is a temporary blip on the way to Dow 36000 ?
One too many zeros there, fella.
Amwn mynhair... One to many zero's.
Sun is in my eyes, sorry.
Yer. There’s a couple of gaps to fill now on those charts
Actually, if tomorrow is today the double dip might be just arround the corner.
If tomorrow is today, what does that make yesterday?
This Zen investing makes my head pound.
I agree 1-2more days like this and things could really start to head south.
All I can say is I came for pix of smoking hot babes and I get icharts and old guys with religious artifacts. This is the 7th sign.
+1000
I took all my chips off the table yesterday and am going sailing for 2-years. However, I love ZH so bought a wifi grabber (www.bitstorm.com) that works for 2 miles over land and 4 miles over water.
There isn't a number out there that adds up any longer. Time for me to step back and enjoy life..
99 weeks of unemployment.. that is what adds up for a lot of people right now.. you will have a lot of company sailing around
need crew? i've got about 150 races under my belt.
Crew? Me, me. My CD28 is such a slug.
Then again, it goes anywhere.
And can beat a Wetsnail.
I'm on a Bayfield - so no racer but solid and with her Monitor Wind Vane you drift along almost any island and borrow a wifi signal so that you can still get your Zero Hedge fix.
With assets like that, watch for orthodox pedophelia to be uncovered.
Anyone short this market?
Tempting only to get blown out again like last year?
What side of the trade is GS on?
I'm waiting until Thursday night to decide, I want to get a few more bits of monetary data. I'm thinking this isn't going to be a quick drop, I'm looking at a "death of a thousand cuts" with a bottom occuring around late September / early October. This applies to both equities and commodities, if you're in gold or oil right now you're about to get raw dogged.
Yeah, you'd have to be retarded to be in gold at these prices.
You'd have to be retarded to be in paper at this rate of issuance.
GS up .66%
No sixes in the Dow, S&P, or NASDAQ...again. What are the odds. They are fucking with you. They would never let their stocks die. Hyperinflation has put a nice floor under the markets, as well as peak oil, peak gold, peak silver, peak iron, peak water, peak women, peak food. Prices are expensive because the world has changed.
WELCOME TO THE NEW WORLD.
PS GOLD BITCHES~!
PORTUGUESE BUNDS SUCKAS~!
Seriously, how can they keep this up? Greece and Portugal and every other Club Med state is irrelevant compared to the Californication of the US.
S&P rating downgrade? S&P the same S&P that told the world that US mortgage were excellent investments? MUAHAHAHA.
BlankSquid never markets the other side! Ask the effing question!
Hans was getting awfully close to the edge.. yodeling.
Great avatar. Never noticed the likeness.
OBummer needs to destroy GS, cuz he can't stand the competition in wealth transfer.
YES! YES! YES!! I'm in dreamland. It's a dream come true...!
Finally we have S&P junk DOWN, REITs underwater, and GOLD RISING with the dollar.....!!
Has sanity returned? Is a flight to real quality truly underway?
"Ohhhh...we've waited countless YEARS for this." Has the fear of CAPITAL LOSS actually overtaken the greed for paper dollar yield among the mainstream idiotoriat??
At best, this is the beginning of the end. We are still ruled by communists, parasites, and idiots. There is an old minstrel my father loved. In country music, the title says it all. "You have to prime the pump, have faith, and believe." Wait.... for the dead cat bounce.
Goldman just sent a warning to Zero: Cut this prosecution or we will tank the markets. Scum vs. Scum. We need a cartoon series on these two.
Watching that populist, grandstanding and completely disingenuous idiot Sen. Levin, I'm on Lloyd Blankfein's side.
I'm not sure what his legal advice is, but Blankfein ought to come right out and state that GS' business is to provide the products the market demands. Whether GS as an entity actually agrees with those market demands is not relevant to the provision of them.
It is largely up to the buyer to do due diligence before plunking down money, isn't it?
There is nothing whatsover evil in GS' stance as a Janus-faced market participant: have we come so far toward a cradle-to-grave investment payoff guarantee society that now NO ONE, even clients responsible for their own research, have to suffer loss???
Woe is the free market if the Levins, Colemans and Obamas of this world are allowed free rein.
me too
i am convinced it is a hold up for show
woe is the free market fer sure, but wasn't it goldman that got the u.s. govt, when the shoe throwee was still president, to bail out aig so it could bail out goldman? the cradle to grave investment guarantee that counts is obviously the one handed to the tbtf by the u.s. govt, apparently under duress (and bribes), regardless of the "party" in power.
Nicely played here,
http://thehill.com/blogs/on-the-money/banking-financial-institutions/947...
and this too,
http://www.washingtonexaminer.com/opinion/columns/Goldman-rallies-for-Ob...
Nice little shit samich served warm for tomorrow's talking heads.
No website, no investment bank on a witness stand, can tank an entire stock market. This is Elliott Wave. Do your research, find some thorough charting websites, and if you're still long, look for a time in next day or so to trim your sails and step back onto the pier, the waves will get rough, and quickly. We don't have much to grab onto if we hit 1155's until 1090s on the S&P.
Shanky, who also posts here, does a great job w/ his charts.
http://shankystechblog.blogspot.com/
ps -- can't really tell from your post if you're calling ZH scum, so I'll assume not. This is a nice place, full of brains, not mindless pump.
I am also a big fan of Shanky's. I think he's a little bit... right wing... sometimes in his rants.
His charts are part of my daily research though.
He's spot on about gold too.
i still have BP's march 2003 interim report. its says, remain 200% short. of course none of those old customers are still around. i like BP but how can you talk endless about probability and never come up with a number? that said he has a grip on the big picture, and like Jim Rogers, (death of the Euro), if you stick with these guys long enough you will get your reward.
now if you are thinking what everyone is thinking, you're thinking pound the dip buyers on the rally back, and set your loss limit buy stops tight. and maybe if you have the cahones, go long on the break. nothing like getting some house money to play with.
yessir there is money to be made here, and you should be riding the back of the Vampire Squid like Major Kong, (the squid will short this market because that's what they do)
bombs away baby. the precherites are in cash, hiding in their safe rooms, with the wind up radios. burn baby burn
QUERY : Mo-Mo Monkeys :
I look forward to reading the posts by robottrader,
respectfully and with no sarcasm ,
can you define or clue me in on what are
" Mo-Mo Monkeys " ?
thankyou :)
Momentum strategy traders. Basically looking for the action and riding the wave
ok, Bank of Greece , etc, self-explanatory,
my bad , over the last year or so there have been a lot
of new terms in " financial market blog Model Space "
The 2:30 ponzi reversal didn't happen. M1 is flat. Bernanke is done pumping... Look out below...,
I'm putting in an order for t-shirts - has the periodic table AU symbol on the front with atomic weight, etc, and on the back sez "GOLD BITCHEZ"
who's in?
Then you can feel like an ass wearing your shirt when gold hits 900, or even 600. Perfect.
Isn't it hilarious how so many people make financial decisions based on a two word slogan?
Actually, it's not that surprising. The GOP has been getting voters with three word slogans for years now.
Some examples:
cut and run, stay the course, support our troops, terrorists hate freedom, drill baby drill, etc.
American voters: "DERRRNH!!! Is Obama a citizen?!? I didn't take the fifteen seconds it would have taken to google his birth certificate, which is widely available on the web..."
So can I put you down for 2?
To be honest, JB, you're being kind of a wiener.
wiener today, whiner tomorrow.
SLW and ABX....bitches.
So glad the old ZH is back. Time to start dusting off Squid Killing 101. Lord knows Sith Lord Blankfein made major boo-boo today and mistook his greed for firm's.