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Sideways Market
Or the purest definition thereof seen in a while. Looks like no action again until the last 30 minutes.
In the meantime dollar, bonds and equities appear to be dislocating.
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I always like seeing those points, like at 8:30am PDT, where a catalyst occurs to set a new direction for algos. Totally missing when you only look at EOD.
Options traders going crazy on BAC.
Rumours of news of Tarp repayment after close have been circulating.
Master Trust data released at 2pm - Citi, BAC, others all showed improvement.
Consider the credit cycle, the cost of asset dispositions (sold revenues and
earnings) and the need for infrastructure upgrades and integration… there’s
stock market blog
Until we have guys like Black back as regulators nothing will change. We just
good articles;
target="_blank">good articles 4 slow news day ..http://www..
hat tip:
href="http://www.iamned.com" target="_blank">finance news & finance opinions
Been here before -- will we get the SPY ramp up today?
theyve been trying to squeeze it all afternoon but nobody around to cover their shorts. (check 1:19 and 1:33 on spy)
lets throw 159 and 213 in there too! who says watching SPY all day long is boring.........
Whats funny about that is paper deliberately trying to blow out tops in the pit
Talk about a sideways market, the NDX is exactly where it was 17 trading days ago.
nice post td...this is a good one. very clearly shows the potential of mischief going on.
keep watching the carry trades (e.g. euryen) collapse and equities remain stable (or...god for bid, rise).
No worries. Flooring By Fed still intact, but institutions will start to lock-in what has been regained and mitigate risk a bit as we approach that October edge. Who wants to walk right up to it, after all? Crab walk of trepidation.
You ponder, 'who's going to be buying Treasuries after the Fed stops buying?'. Everybody else.
Meanwhile, back up tomorrow.
The bulls will probably be looking for a 1008-1010 close, the bears will be looking for a 982-984 close.
don't worry..gold amn will do the usual 2:30 stick save routine..
no 230 stick save but we got a nice 330 one!!
Notice how they turned the program on to just hover, while they figure out the next move?
I could use and arrow or two.
"I try to think, but nothing happens." Curley Howard
Just posting so Cheeky can steal my avatar to add it to his collection. Does anyone have a Barney Fwank pic?
lol ... I'm sticking with this one until the dudes in the black SUV and an ear piece tell me the opposite
here you go, found one ...
http://2.bp.blogspot.com/_2tggLZ2rGkg/SifRMtGSrsI/AAAAAAAAHTU/MEuMrVb3Jro/s400/Barney_Frank_the_Man_Pimp_by_Conservatism.jpgedit: heres the one with the joker face http://2.bp.blogspot.com/_110wcPq1TEY/SnkCqPlGmoI/AAAAAAAAFMc/SQ56-cWI4Uw/s400/barney+frank+joker+poster.jpg
LOL!!!! Thanks!!! I've had that pelosi pic for awhile now and forgot about it until I saw yours, enjoy!
If you find joker Lloyd Blankfein PLEASE POST. Thank You.
the 330 Minute Made squeeze is commin
again, i like my rallies freshly squowzen!!
this has nothing to do with anything, but i'm going to go ahead and say that "squowzen" is from the simpsons' lemon-tree episode. i dont even think that word exists outside of that show/episode. excellent.
now let us all enjoy a nice cool glass of turnip juice....
That episode, the Citizen Kane parody, and Homer Goes to Clown College are the 3 best episodes ever for that series...
I'll go with the episode where Homer starts bootlegging and the episode where Homer becomes a union boss and the plant goes on strike after Mr. Burns tries to take away their dental plan. Dental plan...Lisa needs braces...Dental plan...Lisa needs braces...Dental plan...Lisa needs braces...Dental plan...Lisa needs braces...
-advertising spokes persons voice- "today's rally brought to you in part my Minute Made Orange Juice, ahhh! thats a fresh squeezed rally"
I'm buying 250,000 SPOO contracts at 2:30 pm. Just thought I let all my friends here at ZH front run me. Remember 2:30 PM, EDT.
Mystery solved:
http://www.weather.com/weather/local/11968?lswe=11968&lwsa=WeatherLocalU...
BAC short squeeeeeeeze
Ramp on the way. The entire hope for the market, the Western World, indeed all of humanity now rests with Bank of America. Note this is where all ramps start. Paulson and now Louis Bacon seem to know, or believe, something most commenters on this site refuse to see. Somebody is blind or stupid or both. But who?
That Paulson...BAC is worth $4...he's
gotta get out:)
That would only buy you about 15 minutes of someone opening letters or answering calls that go something like this.
BITCH I WANT MY MONEY!!
sideways while the R2K vs. SP bleeds slowly
check out BAC..hitting HODs as the dow selling increases...only dow stock green on teerible data today
pure and utter PPT all the way
geez ... give it up already. is that all you can come up with is "PPT?" How about something you thought of all by yourself?
this site has turned into JAYMB (just another Yahoo message board).
BRAVO! It needed to be said. Every freaking idiot in the world blames the PPT. Next!
Nah...it is friggin Larry and Rahm
Check THAT! Rarely comment here, but love reading this blog. However the bored, marbly-mouthed board mongers are getting so cozy here as to make it not worth wading thru all the dumbass chat-board comments anymore (yeh, something like yahoo). Is there anyway to set limits on the number of posts per day for obvious anon blatherers and motor mouths? Quality is starting to suck seriously, but we do enjoy the anon component as it is more likely to produce the occassional jewel.
stfu
Looks like someone is withdrawing their money from treasuries regardless of where the dollar stands - hmm... I wonder what they plan to do with it, I'm sure they will not be spending it on stocks in order to ramp up the market into the close... That would be market manipulation, and that is illegal. The law still does apply the same to everyone right?
Treasuries are really stretched without
QE like every minute.
Yup, sure is
T Minus 1 to the 2:30PM PUMPING!
Sideways? Markets are pushing South but something is blocking the dam from bursting.
The propaganda proclaims that "we are winning this war" when our "brave" men on Wall Street have already thrown in their towels and running back to Mommy!
No shorts to cover is the pitfall of a staged rally.
A couple Big Boyz are getting out.
Sellin' their shares to J6P & AWSEOME-O.
It's like eavesdropping on the guys in the tavern at the foot of the castle prognosticating about the lord's machinations. :)
stock market blog
Until we have guys like Black back as regulators nothing will change. We just
good articles;
target="_blank">good articles 4 slow news day ..http://www..
hat tip:
href="http://www.iamned.com" target="_blank">finance news & finance opinions
Financials starting to follow BAC. Great day to demonstrate how supremely resiliant these value stocks are.
You're kidding about value, I hope.
Great, I'm in SKF right now. Why oh why do I keep expecting this market to make sense. Really, I can only blame myself.
Been there done that. That's why I bought FAS at 2:20.
HFT Players: BB, TG, WTF you are breaking our balls 50 more bl to normal cap requirements!!!
BB: lunch hr, just take it for the team.. we out to nationalize you anyway; i'll BRB
HFTP: TG, it's ether now or 10/15 all over again, BB went amok SOS, SOS for old good times sake!!!
TG: 10/15, still under cap? YEAH Sirs, all engines check, one wire -1:30 to lift off, 10-4
HFTP: 10-4 TG, nation will not forget...
MARKET: yeah, yeah, yeah wire dat, black swan anyone? your ass is mine, damn robots.
I think the smart move for the manipulators to do now is to let the S&P 500 close at 966+... that allows for the bounce back to 1.100-1120-1140 before the collapse.
A little congestion here now....this could ramp to unch. at the end. Watch it if you are short, an algo could bite yours...BAC 1.5% up for the day? Ophf. Everybody is waiting for something to come out of somewhere.
I started the PUMP... you guys see that??
yeah great work dickwad, all my potential recoupment of huge losses today doesnt look like its gonna stick over the weekends.
Don't blame me. The dang PumpOLyzer 2000 jammed.
Try this model
http://www.kidney.niddk.nih.gov/kudiseases/pubs/impotence/images/implant...
here comes bkx (the irony on bank failure friday).....
RF up another 10% on upgrade by BAC. Insane
oh, yeah, let me at it:)
No pump. This is going to finish sideways or down further for the day.
Agreed. The hedge funds are usually buying at set times each day and their efforts are not making a dent in light of the sell off.
Wow, that is the most unnatural shit I have ever seen. What happened to supply and demand. Who's buying at the close with today's news on a fucking Friday???
Headfake at 2:44.
Gotta make the manipulation look real.
100 bucks says spx closes 1001. any takers?
nope.
1004
I'm offering you $10 million/year to run my portfolio.
Ding, ding, ding! The winner! 1004.10
we have a winna!!
Are you the guy that just colocated his laptop with the NYSE?
Winner, winner, chicken dinner!
Thank you all. I can't believe I got that close, actually. I should have registered instead of being another "anon".
I don't run a portfolio, just my own.
Lost tons of money earlier this year, so understand the manipulation at hand.
Watch for the S&P to go higher yet. I have other non-financial "notifiers" in my kit that say the third week of Sept will be ugly. But take what you will at face value.
Peace all.
certainly above 1k, just look at what's going on with financiers. RDN also up nicely, great value stock
1005!
Ok. Ok. I admit that this bull market nonsense might have been a little bit of crazy talk. Would you swallow a sideways market? Hmm. Is that believable?
Would you swallow that a bunch of insolvent banks suddenly jumped in value this afternoon?
this afternoon, they've been insolvent since March or longer, what's another 1%?
prechter on bloomberg pumping his dollar elliot wave theory
It wouldn't surprise me to see the market end up close to even, and SRS a tad negative just to piss off the shorts. Who the hell would buy REITs today? They started about 12:30.
It's like eavesdropping on the guys in the tavern at the foot of the castle prognosticating about the lord's machinations. :) Sure hope none of the drunks are pressed into service!
40muleteam borax
http://www.thebankinggroup.com/citireports/recentreading/Credit%20Suisse...
From the report
Our Thesis on Citi… this is no easy fix, even for the best of managers.
Consider the credit cycle, the cost of asset dispositions (sold revenues and
earnings) and the need for infrastructure upgrades and integration… there’s
still more downside than upside risk to estimates. The shares are rated
Neutral.
Better than expected I guess, rally on.
Thanks for the tip 37155
While this month's report may be in essence similar, the report you found is from Aug. 2008.
CD - your right, thanks. My mistake. Apologies all.
now what a surprise, lure shorts in on dreadful news then hit them in the nuts again just before close and even run it higher afterwards to make sure they hit ALL the stops!
this market is totally rigged, GS see all the orders let the shorts in then front run them and get them all stopped out
This is such, total phony, garbage!
how does that old saying go...? never short a quiet market? yeah that's it
Wow-Tyler, where's the SPY gunner charts. That was an amazing show there at the end
and just look, all day long, hardly a move, then wham into the close to make the tape look good!
Whats funny about that is paper deliberately trying to blow out tops in the pit
stock market blog
Until we have guys like Black back as regulators nothing will change. We just
good articles;
target="_blank">good articles 4 slow news day ..http://www..
hat tip:
href="http://www.iamned.com" target="_blank">finance news & finance opinions
REIT volume down to a trickle. When do all the secondary bagholders stop being pigs about their 100% gains in 5 months.
It will end badly....
stick save in the last 5min just to close S&P above 1000 level:
http://www.etfdigest.com/members/davesdaily/davesdaily081409_files/image...
just to lure more stupid bulls. John Paulson and his clients love you and your money.
Wy do you cut off the very bottom of your Bloomberg Professional Service sceen GRABs?