Stocks Close Down For 6th Consecutive Day: Longest Red Streak Since February 2009, Just Before QE1

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Wed, 06/08/2011 - 16:19 | 1352238 asdasmos
asdasmos's picture

The correlation is so obvious....

Wed, 06/08/2011 - 16:27 | 1352261 falak pema
falak pema's picture

Oh my darling Clementine, Oh my darling QE!

Wed, 06/08/2011 - 21:57 | 1353351 Fish Gone Bad
Fish Gone Bad's picture

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.

Wed, 06/08/2011 - 16:34 | 1352302 TruthInSunshine
Wed, 06/08/2011 - 16:34 | 1352315 espirit
espirit's picture

Well, it was a slow day today...

Wed, 06/08/2011 - 16:38 | 1352340 T1000
T1000's picture

It's just not right. It's really eerie here.

Something's fucky.

Wed, 06/08/2011 - 16:47 | 1352384 Highrev
Highrev's picture

The only problem is that the moving averages don't concurr. ;-)

Wed, 06/08/2011 - 16:57 | 1352419 T1000
T1000's picture

I've seen this pattern before - it's a simple problem of supply and command.


Wed, 06/08/2011 - 16:42 | 1352362 rocker
rocker's picture

Looks like a duck too me. LOL

Wed, 06/08/2011 - 16:59 | 1352427 NotApplicable
NotApplicable's picture

A sharting duck at that.

Wed, 06/08/2011 - 16:51 | 1352387 wandstrasse
wandstrasse's picture

I do not see a black swan pattern, nor the famous 'duck' pattern, I see the zodiac constellation 'black hole' (30 Feb - 31 Feb)

Wed, 06/08/2011 - 17:06 | 1352437 Biff Malibu
Biff Malibu's picture

I'd say that's more of a duck...

Wed, 06/08/2011 - 16:36 | 1352310 Black Forest
Black Forest's picture

Which software on which OS did you use to produce the second screenshot?

Wed, 06/08/2011 - 16:36 | 1352333 asdasmos
asdasmos's picture

It is the same as the first one, just mirrored.

Wed, 06/08/2011 - 16:50 | 1352400 wandstrasse
wandstrasse's picture

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.

Wed, 06/08/2011 - 16:55 | 1352411 Vagabond
Vagabond's picture

You need the newest enterprise version of photoshop running on Windows 8.

Wed, 06/08/2011 - 17:26 | 1352524 fuu
fuu's picture

I am pretty sure you can shave a few bucks off that purchase by using Windows Paint Pro v 7.6

Thu, 06/09/2011 - 00:02 | 1353625 The Fonz
The Fonz's picture

That second chart looks vaguely familiar.... lol

Wed, 06/08/2011 - 16:19 | 1352239 ZeroPower
ZeroPower's picture

But, SUM 6+ days up > 6+ days down. 

Whatever, waiting for the crash.

Wed, 06/08/2011 - 16:25 | 1352259 kito
kito's picture

keeeep waiting....

Wed, 06/08/2011 - 16:29 | 1352270 Spastica Rex
Spastica Rex's picture

Long term, the only direction the market can go is up. God wills it. 

Wed, 06/08/2011 - 16:49 | 1352379 Arius
Arius's picture

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... :-)

Wed, 06/08/2011 - 17:13 | 1352460 ursus.peracto
ursus.peracto's picture

Ahhahahaha. Feed the troll.


GOD is long Cigs, Booze, & Halliburton.

Wed, 06/08/2011 - 18:15 | 1352688 Hugh G Rection
Hugh G Rection's picture

Hell yeah, Halliburton and DynCorp.


Child sex trafficking is recession proof.

Wed, 06/08/2011 - 16:17 | 1352243 Caviar Emptor
Caviar Emptor's picture

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!

Wed, 06/08/2011 - 16:31 | 1352291 Dr. Richard Head
Dr. Richard Head's picture

I would love for someone to call Wall Street's bluff.  Pop goes the Wall Street.

Wed, 06/08/2011 - 16:42 | 1352364 ZeroPower
ZeroPower's picture

Main st goes down with Wall St. Do the blue collars forget this?

Wed, 06/08/2011 - 16:49 | 1352394 Dr. Richard Head
Dr. Richard Head's picture

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. 

Wed, 06/08/2011 - 17:35 | 1352551 ZeroPower
ZeroPower's picture

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.

Wed, 06/08/2011 - 18:16 | 1352683 rwe2late
rwe2late's picture

 "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:


Wed, 06/08/2011 - 19:41 | 1352966 Weimar-eddie
Weimar-eddie's picture

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.

Wed, 06/08/2011 - 20:04 | 1353014 Conrad Murray
Conrad Murray's picture

Main st goes down with Wall St. Do the blue collars forget this?

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.

Wed, 06/08/2011 - 16:18 | 1352244 buzzsaw99
buzzsaw99's picture


Wed, 06/08/2011 - 16:22 | 1352248 Boston
Boston's picture

soft patch.

Wed, 06/08/2011 - 16:24 | 1352255 Caviar Emptor
Caviar Emptor's picture

Catching it's breath

Wed, 06/08/2011 - 16:29 | 1352273 Dr. Engali
Dr. Engali's picture

Poised for a buying opportunity.

Wed, 06/08/2011 - 16:30 | 1352279 Caviar Emptor
Caviar Emptor's picture

taking a beauty nap

Wed, 06/08/2011 - 16:30 | 1352300 Dr. Engali
Dr. Engali's picture

The pause that refreshes.

Wed, 06/08/2011 - 16:33 | 1352309 TruthInSunshine
TruthInSunshine's picture

A long dirt nap.

The pause that refreshes.

Wed, 06/08/2011 - 16:36 | 1352332 Superslam
Superslam's picture

Green shoots.

Wed, 06/08/2011 - 16:42 | 1352346 augie
augie's picture

pining for the fjords

This is how i feel. Every day of my life.

Wed, 06/08/2011 - 19:43 | 1352970 Weimar-eddie
Weimar-eddie's picture

He's resting.

Wed, 06/08/2011 - 16:44 | 1352354 hedgeless_horseman
hedgeless_horseman's picture

The trend is(n't) your friend.

Wed, 06/08/2011 - 16:45 | 1352361 Bay of Pigs
Bay of Pigs's picture

remarkably robust

Wed, 06/08/2011 - 16:46 | 1352380 camaro68ss
camaro68ss's picture

Bump in the Road

Wed, 06/08/2011 - 16:52 | 1352392 Bill D. Cat
Bill D. Cat's picture

Buried in the front lawn of Texan mass murderer .

Wed, 06/08/2011 - 16:58 | 1352409 Cheesy Bastard
Cheesy Bastard's picture

Summer of recovery

Wed, 06/08/2011 - 17:02 | 1352438 wandstrasse
wandstrasse's picture

Rome has not been erected within 3 days... is this also an Angloamerican saying?

Wed, 06/08/2011 - 17:25 | 1352532 fuu
fuu's picture

Only costs $5/share to dig up SPY's.

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