This page has been archived and commenting is disabled.
Stocks Close Down For 6th Consecutive Day: Longest Red Streak Since February 2009, Just Before QE1
The last time we had 6 consecutive down days was February 13-23, 2009. Which is before March 2009. Which is when the S&P hit 666. Which is when the Fed started Q1. As for the last time we had 5 down days in a row was in August of 2010, just when the Hindenburg Omen was spotted and threatened to undo the entire Centrally Planned house of cards... Which is when the Fed started QE2. Pattern emerging?
The Fed is saying no QE3. Ok. See the chart below...
... this is what it will happen (especially now that Wall Street is fuming the whole debit card interchange fee did not pass as it demanded).
»
- 11520 reads
- Printer-friendly version
- Send to friend
- advertisements -
The correlation is so obvious....
Oh my darling Clementine, Oh my darling QE!
Aren't banks just the shit? Banks give money to politicians, and politicians make sure banks get to make money.
If any politician wants to make a difference, then treat banks as Andrew Jackson treated them, the vile serpents they are. Sheeesh! Grow a spine already.
Black Swan chart pattern for you TA guys:
http://2.bp.blogspot.com/_2ObCqUSqbMo/SEWgP51vQ4I/AAAAAAAAAFI/OvZb05obuT...
Well, it was a slow day today...
It's just not right. It's really eerie here.
Something's fucky.
http://www.youtube.com/watch?feature=player_detailpage&v=41ZEanjORQI#t=44s
The only problem is that the moving averages don't concurr. ;-)
I've seen this pattern before - it's a simple problem of supply and command.
http://www.youtube.com/watch?feature=player_detailpage&v=Jfq3c4Cf1Fs#t=67s
Looks like a duck too me. LOL
A sharting duck at that.
http://chinchillaland.com/i/blackswanbat.PNG
I do not see a black swan pattern, nor the famous 'duck' pattern, I see the zodiac constellation 'black hole' (30 Feb - 31 Feb)
I'd say that's more of a duck...
Which software on which OS did you use to produce the second screenshot?
It is the same as the first one, just mirrored.
the second one was made by DaVinci, he foresaw it in the 15th century - or was it the 14th, too lazy to google.. long enough ago anyway.
You need the newest enterprise version of photoshop running on Windows 8.
I am pretty sure you can shave a few bucks off that purchase by using Windows Paint Pro v 7.6
That second chart looks vaguely familiar.... lol
But, SUM 6+ days up > 6+ days down.
Whatever, waiting for the crash.
keeeep waiting....
Long term, the only direction the market can go is up. God wills it.
kito - for their sake i wish you are not gambling w/ others people money...but from your coolness it seems like you are....i hope my reading is not correct...
good luck trading...i know someday you will be right... :-)
Ahhahahaha. Feed the troll.
GOD is long Cigs, Booze, & Halliburton.
Hell yeah, Halliburton and DynCorp.
Child sex trafficking is recession proof.
As predicted right here on ZH, for those of you just tuning in....
Wall Street is whining: I want my QE now! By mid summer it will become a full blown tantrum: If you don't give us QE we're gonna blow ourselves up and take the whole economy with us! By late summer, over-indulgent father Ben will announce ice cream for everybody! Yay!
I would love for someone to call Wall Street's bluff. Pop goes the Wall Street.
Main st goes down with Wall St. Do the blue collars forget this?
While the pain in letting poor investments to be liquidated would surely be a painful event for all involved, the price fixing of overvalued assets is a much longer, drawn-out pain. Based on what I am seeing, the support for those holders of over priced assets is coming at the expense of those not repsonsible for the problems.
The former, while painful, will lead to a much sounder foundation for our domestic economy. The latter is simply robbing the 99.99999% of the population for the benefit of the few.
My collar is brown actually. Golf polo......ummmm more of a beige/tan thing going on.
I was never for the bank bailouts as that goes against the free market system which most of us have come to swear by, but i also can't fathom how the largest # of receivers of benefits (low and middle class) from the upper class can be so against the very rich that feed them.
All's good, brown collar = white.
"benefits" from the upper class: wars, poverty, and imprisonment, the destruction of society and nature. No comprendo? Try reading some Zerohedge articles like:
Will The Banksters And The Corpocracy Eventually Own It All?
“… our formerly great manufacturing cities are turning into hellholes. Handouts do not give people hope, dignity and a future, but jobs can.”
Also read elsewhere:
http://www.globalresearch.ca/index.php?context=va&aid=25126
Surely you jest. The very rich feed them? I think you left out two words - The very rich feed off of them. I have nothing but the greatest respect for people who earned their wealth honestly, whether the work was even hard or not. Dont' ask for respect for savages and barbarians who use their power over the financial and political systems (instead of clubs and axes) to pillage, rape, and steal. Don't act like its base envy that causes people to revile their subhuman existence.
The economic consequences will be great for both parties. Yes, the lower class will suffer more in the immediate term. However, if the death-grip of the corporatists can be broken, the little guy will have a MUCH better chance at "making it" thereafter. Not to mention the sweet sweet great justice that will be mercilessly handed out to the parasites.
transitory.
soft patch.
Catching it's breath
Poised for a buying opportunity.
taking a beauty nap
The pause that refreshes.
A long dirt nap.
The pause that refreshes.
Green shoots.
pining for the fjords
http://www.youtube.com/watch?v=npjOSLCR2hE
This is how i feel. Every day of my life.
He's resting.
The trend is(n't) your friend.
remarkably robust
Bump in the Road
Buried in the front lawn of Texan mass murderer .
Summer of recovery
Rome has not been erected within 3 days... is this also an Angloamerican saying?
Only costs $5/share to dig up SPY's.
Nothing but blue skies from now on.
Blue Skies - Irving BerlinPushin up daisies! -)
BTFFFFFFFFFFFFFFFFFFFFFFFD
RYFB...(refrsh your fucking browser)
That parrot is just resting.
Swamp gas
I've also noticed a lot of dogs barking in the neighborhood recently. dogs always detect disasters before they happen.
Coincidence? i think not.
Are you paid for each post or daily ?
Good TG,
earn your star and try your best to sow seeds of doubt. Keep alive the meme "this is all quite normal and ZH is filled w/ tin foilers and whack jobs". Do your best to line up the sheep for their sheering.
true, few days before fukushima got hit, the cats were acting weird, mentioned to my wife something wicked this way comes! canada far enough, but still weird!
just curious. in your initial post at zh you said you were referred here by your coin dealer. that was 2 months ago when you came aboard making all sorts of absurd comments. a few days ago you came to the defense of robottrader for something or the other, saying for the past year you had followed robottrader and were tired of folks jumping him. the question is this. which is the lie?
shhhhh, just enjoy the troll as is...if you blow his cover then he'll only resurface w/ a new name and avatar. He offers a great service in what he suggests we not focus upon. Don't blow it for the rest of us.
lost my head in a moment of unclear thinking.
btw: do you think some of these trolls are hedge fund employees talking their short book? or just garden variety knuckleheads?
So many possibilities-
- folks lost from their usual CNBC reader boards?
- true believers w/ no option but for things to get better?
- government employees busy avoiding real work of shuttling back and forth to break room?
- government ops sent to confuse, spread rumor, and keep tabs on the ZH dissidents?
- Same as previous but instead Wall Streeters " " ?
- True idiots who are just smart enough to really enjoy talking finance and economics but are too slow to catch onto the inflationary trends of the past 100yrs and the impact on PM's, property, the dollar, humankinds?
- Martians?
- 9yr olds having a bit of fun taking the piss out of us?
i think the survey would say: #1) martians #2) 9 year olds
Sunspots?
TG, you mad bro?
Thanks, RNR.
http://trololololololololololo.com/
That's just because you should shower more than once a month in that Texas heat. They mistake you for blood sausage.
BAC closed at 10.54, exactly half what the Cramer Clown predicted when he had a huge buy on it right at the peak in 2010
ummm, I'm not a TA but that chart doesn't look so good...wonder if there are some issues at that bank? wonder if other banks have similar issues? This makes me a little concerned for their growth targets! I wonder if this could imply something more serious? How could a bank sharing the same name of the country be a bad investment? America, fuck yeah???
Amerika, Fuck Yeah!
BofA has the largest book of second lien mortgages. Any "global solution" to the fraudclosure/ MERS/ general mortgage clusterfuck will require banks to mark down the second liens more than the first.
As I understand it, BofA claims 97% are current and has peanuts reserved so it will hurt, though frankly any solution that stuck to the letter of the law would simply wipe out the equity.
Liquidation, bitchez.
Very Clear..
srty:NYSEarca
sqqq/nasdaq
until further notice :)))
As much as I love all the bad news, I'd say my head doesn't turn until we start hearing records from before 2007/2008.
If they're waiting for everybody to capitulate and sell low so the insiders can load up the day before the QE3 press conference, my question is who was buying on the last runup? Was it the robot buyers like pensions? Nice of them to rape the old people eh?
All I know is we had 8 consecutive down days in October 2008... Nearly -17% for the month...
We're making up for those 15 consecutive up days back in Feb
5 pct drop in 6 weeks, not terrible, nothing to be dramatic about
Just 'keeeep waiting....' for a couple of weeks to pass and then the answer should be fairly clear. (absent more QE of course)
Closer to 7% off the S&P high: 1370 to 1279
sorry--i was referencing the dow
Trading desks will now continue to make a profit every day, shorting and winning against the retail
Six days down is bullish, right? Surely it can't go for seven.
Laughed out loud on that one. Thanks for that erudite post!
edit: this was one of my favorite toys in the 70s: http://astrozombies.com/images/products/thumb/potadrzaius.jpg
Jim Rogers just on CNBC, calling it like it is as usual.
he was great this afternoon
QE3 is a fait accompli. Whether the bar is DJI 10,300 (20% correction from 52-wk high) or something else, it's coming. And it's going to be larger than QE2, and maybe even QE1. The only real question now is, What's the hurdle for QE4?
only if you believe they want something other than an imminent crash.
I'm not sure about that. S&P 500 maggots have 1+Trillion in cash. Benny might ask for a little love from the cabal and have them step in, otherwise, as the Soup Nazi said, "No ZIRP for you"
yes because things alwayyys happen when everybody expects them to happen
Indeed, like the expectation that absent massive monetary stimulus, everything will be alright.
dont morph my point--im not of the belief that everything will be ok. im of the belief that in the short term, corporate health is sufficient to give the market legs (enough to stand, maybe wobble, but not run), and that i dont believe we will see qe3 this year, as the economy will stagnate, trend down a bit, but not take a dive.
might i suggest that you go ahead and open your other eye, your depth perception seems a bit off
Perhaps before QE4 is how do they keep the on-going QEx under wraps? As in, when FOIA brings out the stealth payments to Libya and Yemen next year...
ORI
QE3 , 4 5 and 6 arent going to save the stock market. The liquidity trap is sprung and that gurgling noise is the debt monster eating through everything.
Can't Bernankstain just combine QE3, 4 and 5 to save further episodes of 'suspense?'
Keynes Rule of Thumb would dictate that such a combined amount would have to equal, at minimum, 32 trillion bancors.
Hey, that's only 3 tons of gold,
in 2020's dollars, erm ... , Ameros, erm I mean, Globos of course.
Quantitative Enemas
for everybody ..
bend over
bytches
"Pattern emerging?"
They've gone to plaid!
http://www.youtube.com/watch?v=NP6DXoNKITc
This is the same shit they pulled in the May-June period last year ...
boo-hoo ... give us more QE!! Otherwise we will self-destruct!
.....
However the global economy is getting better ... look at that oil go up ... all because of healthy worldwide demand ...
[/Sarcasm]
I'm tellin' ya' that you're on to something.
China is stockpiling the largest amounts of copper everywhere there's warehouse capacity, so they must have an immediate need for it, or they think something bad is on the horizon - and my money is on strong, current, industrial demand, because the Federal Reserve and Austin Goolsby have said so.
/SARC A SARC A SARCALARK
Seems like China is as smart as most on Zero Hedge. They are buying all the rare earths they can get from Russia and Africa.
They are stock piling PMs and commodity metals. Sounds like a plan for the future to me.
It's actually quite clear that this is war preperation.
Everything is pointing to it, the grand moves are clear to all with eyes that see.
A small incident somewhere, an arch-duke, a prince...someone....
ORI
http://aadivaahan.wordpress.com/2011/06/07/bend-your-mind-around-this/
Okay, everyone, while waiting & praying; Poll Time - QE3 at:
A) Dow 11,000
B) Dow 10,000
C) Dow 9,000
Zerohedge readers' probability cunning counts - may advice Fed on timing.
Let's hear it and project it!
(A) Dow 11,000: about a 15% correction is more than they can stomach.
Okay, everyone, while waiting & praying; Poll Time - QE3 at:
A) Dow 11,000
B) Dow 10,000
C) Dow 9,000
Zerohedge readers' probability cunning counts - may advice Fed on timing.
Let's hear it and project it!
DOW 9,000 is still a bubble. I still vote D), no QE, at least not what the bubble stock crack junkies expect.
A.
My vote is C but for what it's worth we could hit all three (A, B, C) in a single flash crashian day and only be saved by the grace of Ben's gossamer quantitaativity. Thank heaver for our little bearded savior or things could get really rough!
I miss the QE Bears. I need a new bedtime story.
How about a fairy tale:
http://www.youtube.com/watch?v=b75Elvd8KAU
QE3 won't be needed.
Productive assets are win-win. They'd do well in both a QE3, as well as a non-QE3, environment (given the current situation).
What else can you say that about?
Since TPTB don't want rising input prices or rising interest rates, there will be no QE3, but that's not going to be a problem for stocks in general.
TPTB do want rising equity prices, but since it will be the only game in town and it won't be needed, why bother?
But first they must break input price inflation's back.
What once was an "all ships rising in a rising tide" environment, will become a stock picker's market, and gold will retreat to 800 USD inside of two years.
Dont let anybody hear you say 800 dollar gold.
How would productive assets do well during deflation?
Deflation is relative, and with the ocean of liquidity out there, I'm going to say that casualties will be limited to individual entities and that systemic collapse is a very low probability scenario at this juncture.
Add: which means that cash rich, self-financing entities will march right along.
Name 1 cash rich, self-financing entity
Anthony Weiner.
Physician offices
Small boutique farms supplying.high end urban farmers markets
No name mexican restaurants
My roofing company
productive assets producing stuff with inelastic demand.
Tell me you're joking, right?
And in this/your picture, what happens to jobs and home prices?
Since Tea-Party pleasing Republicans screams cut everything, where is the stimulus for job-creation and renewed home price inflation going to come from?
Certainly not from the US/Globalist corporate cash stash - and thus the peace of the land, which is necessary for "stable"/pumped equity prices is void and null.
Or, do you see other magical events "lifting ALL boats", incl. working class dinghys?
Tyler, why no chart of the wild ride in AH on the ES?
Seriously, wtf was behind that manipulation, and with pretty strong volume for AH.
Bernanke ballwasher Steve Leisman talking out of his fucking ass, claims stocks are not falling because of bernanke's market manipulation scheme ending.
What a fucking douche:
http://www.cnbc.com/id/43325951
Long Groupthink.
Short Originality.
No QE III, no stock market.
See ya jerk offs.
No QE III, no stock market.
See ya jerk offs.
No QE III, no stock market.
See ya jerk offs.
No QE III, no stock market.
See ya jerk offs.
No QE III, no stock market.
See ya jerk offs.
No QE III, no stock market.
See ya jerk offs.
No QE III, no stock market.
See ya jerk offs.
No QE III, no stock market.
See ya jerk offs.
No QE III, no stock market.
See ya jerk offs.
No QE III, no stock market.
See ya jerk offs.
No QE III, no stock market.
See ya jerk offs.
No QE III, no stock market.
See ya jerk offs.
No QE III, no stock market.
See ya jerk offs.
No QE III, no stock market.
See ya jerk offs.
PATTERN: : a reliable sample of traits, acts, tendencies, or other observable characteristics of a person, group, or institution <a behavior pattern> <spending patterns>
Is a reliable sample comprised of 2 data points?
Now IF we get a third, then maybe . . .
No QE III, no stock market.
See ya jerk offs.
No QE III, no stock market.
See ya jerk offs.
No QE III, no stock market.
See ya jerk offs.
No QE III, no stock market.
See ya jerk offs.
No QE III, no stock market.
See ya jerk offs.
You can stop hitting Save now.
You can stop rubbing your dick now. The thrill is gone (so to speak)
He may have passed out on his keyboard...