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Is there any reason why markets are still open between 10am and 3:30pm?
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Those 700mm shares of C aren't going to trade themselves +/- .02.
no and it has kind of been that way forever. in my pit trading days if you were there b/w 10 am and the bond close you were down money from the opening hour and trying to get it back
That's when inwestors answer the phone.
lol
more down site
They illegally overtaxed you back then through government scams and are just sitting on billions of it. Tax surpluses is stealing from tax payers. Time to get that money back and force them to lower taxes.
good articles; good articles 4 slow news day ..http://www..
hat tip: finance news & finance opinions
Jesus stop spamming your site already
Cetin the Cretin Spamvertizer strikes again!
The comments need an I AM NED filter.
I think we'd all be better off if we scrapped the program trading , and instead we put monkeys on the OC-48 connected terminals ... at least then there would be mean-reversion and the occasional fat tail.
Good idea. Next step: planet of the Apes. http://www.guardian.co.uk/science/2008/may/28/monkey.arm
P.S. -24*x=-816 for captcha? Are you kiddin' me?
start/run/calc
Calc? Pfffft - Some people roll like Matilda round these parts!
Did you turn your calculator into a prison shiv too early in the meltdown?
So that Goldman Sachs can take individual investor's loot, then stop them out at the end/beginning of the day?
Or perhaps this is just the EKG of Mr. Market and he is flat lining with BB applying the liquidity OMO defibrilator to revive at the end of the day. They are doing a good job of ensuring trading continues (difference of opinion on value of stocks), with a good mix of optimist/pessimist experts predicting dollar strengthening/collapsing, hyper-inflation/deflation, market 20,000 vs 300, etc. They are just buying time until there is any real economic recovery, I think they are running out of time based on the volumes and it looks like we are balanced on a razors edge - just like with elections pitting 50% against the other 50%.
Did you notice how little % pension funds had in stocks within Japan and Korea? Those countries experienced an extended downturn and adjusted - I fear for the pensions in the US, it will be lemming city when it drops.
The market is open between those hours for RIA firms to throw money in the market just to see it drop another 100 points after they put hundreds of thousands of dollars of their clients money to work. If we gap down again tomorrow we're entering a real bear market pattern... FINALLY! What I'm loving is how everyone on tv is so ABSOLUTELY certain that this is a nice "healthy" and "natural" pullback and there's "no way" we'll break the march lows. My god, I wish I was from money so my mommy and daddy could pay for my schooling and I would never have had to learn from experience!
at least for this week, so the boys can enjoy Amanda Drury's.....
she is mouth watering
This is what I was thinking all day. I pulled my short from friday monday morning and knew I should get back in at the end of day, but the trading account doesn't offer such a transaction. I can't sit there mindlessly for the pump ect to buy at end of day if I think it is coming......I knew when I saw the markets tank overseas the time to get a new short monday morning was already done. I am sure the big banks were in on it though for some odd reason. Call it gifted insight.
I refuse to play this game so I just sit it out.
Yep, you're confirming my sentiment.
Sold my inverse with profit on Friday because weekends can be deadly.
Today was a write off.
1000% cash.
so you're 10-1 leveraged and used it all to buy stacks of jacksons?
@Apocalypsenow
Agree "they are running out of time"!
There has always been a time-sensitive element to this "recovery" prequel. Many time-sensitive headwinds .
they open so big boys can HFT
Pension Funds Paring Stocks Globally as CalStrs Ignores Economic Rebound: (Bloomberg). Apparently the Pension Funds are not taking the bait this time round. Where will they 'liquidity makers' unload all the pumped up Stocks ?
Hopefully nobody has noticed that safe alternatives like GLD or SLV performed . . . s-a-a-a-y! They went down just like other liquidity-inflated assets today! And gold itself is . . . let's look at the current pricing . . . down 1.42%.
It's just that I recall that the spot price of gold was over $1000/oz. in the Spring of 2008, and plunged below $750/oz. last Fall.
Markets recoup 90% of today's entire loss in the first 10 minutes and tack on another 90% of today's loss from 10 - 4 tomorrow
10-3:30 is reserved for retail brokers calling around and entering market orders for their B & C books. Duh
They make it so that only few have a chance to go short or trade inverse.
No bounce to speak of today at end of day.
The ultimate front running
Like trading mutual funds at the closing price....what a racket
The water was rushing into compartment 5 today. The PPT tried to bilge pump their way out of a 200+ loss. Barely. Obviously, the volume is back on the short side.
I was speculating that China's markets, which are incredibly speculative, was the bubble that could overwhelm the PPT manipulation of the market. They can try to control the dollar, stocks and treasuries, but Shanghai had a record outflow of money(probably to the dollar again.) Now we could be in a spiral again: US consumer takes down China, which takes down their industry and commodities> which takes down the bull rush to China> which takes money out of the US market and into cash> which crashes worldwide markets all over again.
That, is a plot line!
Front-running and blasting shorts by day, and then maximize profits by night -- That’s the mode of the “liquidity providers” in charge of our free and open market.
Playing global thermo nuclear financial meltdown.
There's an ap for that.
LOL, you know something like that will happen. Anything, just Anything to move the market higher.
They illegally overtaxed you back then through government scams and are just sitting on billions of it. Tax surpluses is stealing from tax payers. Time to get that money back and force them to lower taxes.
good articles; good articles 4 slow news day ..http://www..
hat tip: finance news & finance opinions
And so it begins....S&P p/e ratios of 145 cannot last...
It's just a matter of time, till enough people throw in the towel. At that point the market pumpers will probably go short and tell BB they are still buying (which they will be but to a lesser degree). The players (BB, PPT) will get played.
the markets are open from 10-3:30 as a reminder to the peons that they are helpless - a form of chinese water torture with slow up and down ticks going nowhere
i got killed last week betting on quick bounces and pull backs.. now i will just double down and follow the tape
such a craps table.. put $10,000 on two-day trends please - anyone with some photoshop skills want to make a mock craps table with all the new wave bettin (investing) tactics?
perhaps the Onion has some energy for it.. I'm spent
give it up bernanke...