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Sell Orders Overwhelm WOPR As 10 Year Recaptures 2.99%
We may have missed the official 8-K, but we are fairly confident that sell orders were made illegal over the past three weeks. That is the only way to explain that out of 30 economic data points in the past month, roughly 3 beat expectations, everything else was a miserable miss, and still the market is 10% higher. Either way, someone is clearly about to be charged with a felony stock selling offense in the first degree, and Eric Holder will personally make sure that vile individual rots in Guantanamo Bay with a daily portion of algorithmic waterboarding for the rest of their miserable lives, for having the temerity to show to others that, yes, even illegal, selling can and will be the right trade in this market which is roughly 70%-100% overvalued. And in other news the 10 Year is back below 3%. Too bad there is no 8 Year point on the curve, or else stocks would be about to reprise the role of Jesus Quintana.
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classic posts this afternoon. keep up the great work! i suspect you will be the reason the 1st amendment will soon be abolished by obama.
Or the Internet "Off" switch gets thrown.
I'm expecting a blog silencing cyber-attack "from China" any day now...
LOL! We'll need tangle in war with the east for such blatant cyber terrorist attacks!! Make all ameriCON'd really angry and ready for more war; cut off electronic access to funds through axis of evil cyber attacks!! LOL no lack of war with lil scamBO in office!! Peace not likely to break out soon!!!
Haha, classic! The Bamster scares the shites out of me. Think of it! He fooled more people than Hitler!
The part of Cardinal Ximinez is played by Eric Holder
Cardinal Ximinez: *Nobody* expects the Financial Inquisition! Our chief weapon is surprise, surprise and fear, fear and surprise. Our *two* weapons are fear and surprise, and ruthless efficiency. Our *three* weapons are fear and surprise and ruthless efficiency and an almost fanatical dedication to the pope. Our *four*... No... Amongst our weapons... Amongst our weaponry are such elements as fear, sur- I'll come in again.
[leaves]
Ouch! Schwarzenegger just ordered emergency furloughs for CA state workers!
Surely he has made some sort of deal with Apple to hire these folks on furlough days to break down doors, write creative nonsensical reasons as to how software will fix the iphone, pass the collection basket at the cult gatherings or just stand around Apple stores acting like they want to buy an iPad.
that might affect the 250k and up consumer market
N.Y. did it back in May... it's all the rage.
I'd hold off on the rally cheers.. Jamie D. hasn't cemented his nomination for the next Secretary of the Treasury yet, and we still have 18 minutes to go in regular hours.
huh, not too far off...
http://www.foxbusiness.com/markets/2010/07/28/sec-says-new-finreg-law-exempts-public-disclosure/
"SEC Says New Financial Regulation Law Exempts it From Public Disclosure"
i've begun to get my goose-step back in shape, have you.....?
That article makes me shudder to think where we're at. Thanks for posting the link.
Free issue jack boots; polish extra!!
No no no, those with jack boots don't buy polish, they TAKE Polish.
snicker
Did you mean they take POLAND?
And like magic, the rally into close is on. Got a bit ahead of yourself there.
Funny you have an American flag as your symbol yet you seem to support the outright corruption taking place in the financial markets (by promoting them)...or should I say "Sieg Heil" Harry?
Support the markets? You kidding me? I haven't traded in nearly a month. Was short until then but felt the cheerleaders might take it higher on "amazingly great" earnings reports. Just waiting it out until some real volume comes back and it starts to get exciting again.
My apologies but I think the current volume pace is the "new normal" everyone has been talking about...lmao
I'm with Harry on this one.
When trading resumes in the fall, you watch this sucker slide down.
The economy is not just slowly grinding to a halt, it's hitting a brick wall in 3,2,1 ...
Euro Libor is indicative of the real economy. This is where the rubber meets the road.
There's propaganda and CNBC and there's true business climate where nobody wants to make any investments (see Irwing Inc. and refinery in Canada) or the banks don't trust each other.
Eventually this game of "whack the mole" is getting too exhausting for Ben and Tim.
The real economy is the individual that has to assume responsibility for his or her expensive finacial decision whether at home or in business.
Nobody wants to get slaughtered.
Fox just reported that the new financial overhaul legislation included a provision making the SEC immune to Freedom of Information requests.
Gee, I wonder why they don't want to answer any questions.
The bill also makes it easy for the Exec Branch to seize businesses, both "bank" and non-bank", in the words of the bill.
So the combination of the two, including the implications that you have alluded to, makes it easy for Obama to take over businesses without intervention of the Courts or recourse for the business' owners.
I shudder to think where we're headed.
I think one calls it civil war. Bank and non-bank though, too funny, why not delicatessen and non-delicatessen?
Nothing to see here, we're just applying to the financial sphere the lessons we learned in the Global War on Terror. Thus, the Freedom of Information Act gets laid to rest alongside habeas corpus. The SEC gets promoted to the same level of impunity that Homeland Security has long enjoyed. Favored government agencies will now get fully funded without the need for an actual budget. Starting next April, IRS audits will include waterboarding, for both banks and non-banks. It's really no big deal, see? Filing 1099's for every transaction over $600 will soon come as naturally as being strip-searched at the airport.
"Eric Holder will personally make sure that..."
BWWAA-HA-AH-HAH-hah-ah-hah-ha-ha...ahhh.
Holder ain't doing nothin' no how... Has that guy even shown up to work yet?
After all Holder won the 2010 Empty Suit of the Year Award...
No Wall Street Prosecutions, no convictions, no indictments... So far Holder is pitching a perfect game.
Ximinez is played by Holder
Old Woman played by Wall Street
Biggles: Here they are, lord.
Ximinez: Now, old lady - you have one last chance. Confess the heinous sin of heresy, reject the works of the ungodly - *two* last chances. And you shall be free - *three* last chances. You have three last chances, the nature of which I have divulged in my previous utterance.
Dear Old Lady: I don't know what you're talking about.
Ximinez: Right! If that's the way you want it - Cardinal! Poke her with the soft cushions!
Ximinez is played by Holder
Old Woman played by Wall Street
Biggles: Here they are, lord.
Ximinez: Now, old lady - you have one last chance. Confess the heinous sin of heresy, reject the works of the ungodly - *two* last chances. And you shall be free - *three* last chances. You have three last chances, the nature of which I have divulged in my previous utterance.
Dear Old Lady: I don't know what you're talking about.
Ximinez: Right! If that's the way you want it - Cardinal! Poke her with the soft cushions!
What is the economy? Corporate earnings or ridiculous government statistics based on Keynesian economics?
Your bearishness is misplaced. Beware the gorging.
you're correct in one thing.
the government statistics are ridiculous.
did you know that German steel manufacturers were doing extremely well up until 1945.
stupid end of war made it impossible to sell any tanks anymore.
so much for your corporate earnings bullshit.
Please Sir Squid (The Worm Your Honor), May I sell my shares?"
http://www.youtube.com/watch?v=kr4WxEQHiCE
Today’s release on manufacturing activity by the Richmond Fed is pretty ghastly, as you would expect given that the effects of fiscal stimulus are now wearing off at accelerating pace – before the happy handover to the private sector is safely consummated – and given that the structural East-West imbalances that lay behind the global crisis are getting worse again.
The expectations index for the US 5th District is crumbling:
This follows yesterday’s horrendous fall in the Texas business activity index from the Dallas Fed, which fell from -4 in June to -21 in July. “Thirty-one percent of firms reported a worsening of activity, up from 22 percent in June,” said the bank.
Texas New Orders were -9.6 in July, -8.2 in June, and +15.8 in May.
Capacity Utilization was -0.6 in July, +2.7 in June, and +18.7 in May.
http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100007034/dr...
dude,
Lebowski reference
dude
and I just checked in to see what condition your condition was in ;)
Market zero, Dude.
The CIC selling 1.2 billion worth of MS stock in this low volume market. Who was the other side of that trade w/o causing that stock to collapse?
Irwing Inc. canceling a refinery project worth 8 billion in Canada for the US Northeast market after spending 80 million on feasibility is a strong vote of NON CONFIDENCE on the US economy.
Don't care if the officials are willing to admit it.
WE ARE IN A FUCKING DEPRESSION AND THE PROPAGANDA IS NAUSEATING.
MAKES ME WANT TO VOMIT DAY IN AND DAY OUT.
When things things don't go to plan, management and government can be
remarkably persistent.
This is otherwise known as - The Corporate Approach to Dead Horses .....
The tribal wisdom of the Dakota Indians, passed on from one generation to the next, says that when you discover that you are riding a dead horse, the best strategy is to dismount. But in modern business (education and government), because heavy investment factors are taken into consideration, other strategies are often tried with dead horses, including the following:
1. Buying a stronger whip.
2. Changing riders.
3. Threatening the horse with termination.
4. Appointing a committee to study the horse.
5. Arranging to visit other sites to see how they ride dead horses.
6. Lowering the standards so that dead horses can be included.
7. Reclassifying the dead horse as "living-impaired".
8. Hiring outside contractors to ride the dead horse.
9. Harnessing several dead horses together to increase speed.
10. Providing additional funding and/or training to increase the dead horse's
performance.
11. Doing a productivity study to see if lighter riders would improve the dead
horse's performance.
12. Declaring that the dead horse carries lower overhead and therefore
contributes more to the bottom line than some other horses.
13. Rewriting the expected performance requirements for all horses.
14. Promoting the dead horse to a supervisory position.
awesome dead-horse list BTW...
Funny Tyler:
"or else stocks would be about to reprise the role of Jesus Quintana."
"Let me tell you something, pendejo. You pull any of your crazy shit with us, you flash a piece out on the lanes, I'll take it away from you, stick it up your ass and pull the fucking trigger 'til it goes "click."
You said it, man. Nobody fucks with the Jesus."
What's this past week of low volume melt-ups? What's this bullshit? I don't fuckin' care! It don't matter to Jesus. But you're not foolin' me, man. You might fool the fucks on CNBC, but you don't fool Jesus. This bush league psyche-out stuff. Laughable, man - ha ha! I would have fucked you in the ass last week. I fuck you in the ass next week instead. Wooo! You got a date next week, baby!
the main governments of the world have decided to support all paper assets until further notice- all fundamentals would say to sell them all but you would be trading against the real big money
You got that right! We have to wait for a fallout among the thieves before we break out of this slow grind up.
looks like ppt can't 'participate' anymore due to 13d filing regulations
The Jesus approves.
who is WOPR?
Serious? What year were you born?
From the movie "War Games" "Would you like to play a game?"
How about a nice game of chess?
+1
I see no harm in young ones educating themselves in a finance - no bullshit unlike MSM.
Young whippersnapper...here you go.
http://en.wikipedia.org/wiki/WOPR
hi
He's working for Goldman these days
hi
What is Google?
Did someone say my name?
"What's this day of rest shit? Jesus don't care!!"
Hey maybe the planets are lining up?
TD's commentary seems to be increasingly more angry then sarcastic in tone, and I could not agree more!
the markets are going to fall any way...why r the PTBs not letting it fall ...r they accomplishing something...or waiting for some occult dates
Awesome, just awesome. You're the man Tyler.