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And people thought the parabolic market from late 2007 on no news would never come back...
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Just when you think it won't go any higher...bam!... there she goes!
Robot traders are god now
check out the last minute on the SPY, in the final minute of a Friday... fascinating...
thats a rolling river of green shits (shoots)
No news + no volume = buybuybuy!
I guess we should update the textbooks to include this
Are you kidding?
Plenty news out there, just not bad enough or else DJI would have been up 268 points. That's the new normal. Remember the day GM died... markets ramped up!
Volume was above 3 month average today.
but it actually means average recovery, as $163M recovered out of a book value of $234M
good articles; good articles 4 slow news day ..http://www..
hat tip: finance news & finance opinions
Pisani said it's a positive for the bulls
Pisani should finger the cum out of his ass
Thanks for the laugh.
Who cares what piss ant says? Seriously, we're way past that here. If we want CNBC, we can find it. Troll.
No news we are aware of (yet)?
'07 all over...nothing matters. news is best at the top, worst at the bottom.
How many banks going down tonight?...any guesses?
17
10
That's a Bohemian Grove green sequoia! Simply magical.
BG was last month.
Please, oh please, another 3-4 of this..........
.....and then it's short time baby.
Lets see how ridiculous this gets. DOW +168.60
Short covering and lack of sellers. I'm long a bunch of stuff with no intention of selling. Any long who has weathered the storm isn't going to sell at this point.
If I buy something wasn't it sold to me by someone else?
Yes, and you have to pay more when there are fewer sellers.
LOL. You should be an analyst for CNBC; you sound like one
You mean you have to sell for less when there are fewer buyers?
Yes!
Good for you, stick to your guns. When the bottom falls out I hope Obubba is there to catch you.
This stock market makes me a sad panda.
Bernanke : "We saved the world"
state of the economy wich is on the dumpster, the global trade which is inexistent, the sorry state of the media
good articles; good articles 4 slow news day ..http://www..
hat tip: finance news & finance opinions
It's 3:35.....SPARC time.
When did news matter anymore, only one way to bet in this market and that is up, can't go wrong. Don't assume bad news will bring down this puppy. It won't. The FED has our backs, you can't lose. I've made alot in this run up and will continue to do so. Have a Great Weekend! I will.
I guess the CNBC anchorettes are all naked now?
Hopefully it's the Aussie, as I would gauge my eyes out if I saw MF, BQ, MCC, EB or MB naked. I think I am forgetting one....oh well you get the point.
What a country!
Ah yes, less talk, more jiggle and wiggle! I do like a cow that can moo and chew her cud at the same time.
I'll take that naked short, and fill the gap...
http://www.nakednews.com/ its been around at least 6 years, so as a 'concept' to make money, the deeper and deeper clevage is a follower phenomena, already proven, legally bullet-proofed, media technique - trouble that i personally don't like multilevel communications, left brain 'seeing' one thing, right brain 'hearing', the mid brain trying to integrate, the pre-forebrain trying to inhibit the summation of it all,and the reptilian rear brain, going yet another way 'fresh kill' for the hunting season, perhaps....all this would drive me all the way back to 'print media' with no photo please, thank you
Irrational exhuberance is the new normal.
Were ample bosom's bulging out of anchorettes' low buttoned shirts today on CNBC I wonder?
The FED and the governments whole goal is to put the ponzie back in the ponzie with fraud, inflation, and a band spanking new bubble. Mission accomplished.
Yeah, except this time we are going to do away with the charade of creating technology or housing, this is going to be a cheap money financial bubble pure play.
Bernanke is going to monetize almost every mortgage in America, and then is going to cut the principal balances. And why the fuck not? Not like he worked to create the money, it was spun out of thin air.
The markets will explode in a fireball. S&P 3000 easy.
"The markets will explode in a fireball. S&P 3000 easy."
S&P value is a value measured in US dollars. If the cost of bringing SP up to 3000 is to reduce the value of USD to the third, then, what a "pure SP long investors"* earn?
* "pure SP long investors" are plain stock buyers. Not call buyers, put sellers, futures or derivatives players or other leveraged investors. The destruction of dollar reduces the debt in dollars of the leveraged long investors and provides an antidote to such destruction. If you believe in the succes of this reflate (dollar destruction) trade, you should gamble small, very leveraged amounts of dollars on this game, and dispose of your remaining dollar (and other paper-junk money).
I dont belive in the succes of this "reflate game". Keynes is dead, Keynes has always been dead.
I apologize for my horrid english.
I'm new to posting here. Been reading away quite a bit and congrats to the work to all the ZH team!
I quit posting comments on Marketwatch yesterday.....out of total disgust on their main columns.
All this upward movement is totally out of control now and I truthfully hope who's long in this....is wise enough to not let anybody take away a profit.
Cheerz
Itsme
what you dont like the self serving myopic masturbation editorials?
It's just the latest nazi government plot. Open your eyes, man, they're trying to control Global Warming. Get it Global. That's U.N. Commissars code for telling us what the temperature is gonna be in our outdoors. Let it warm up I say. See what Butchros Butchros Ghali Ghali thinks of that. We'll grow oranges in Alaska.
tyler failed to provide the appropriate music for this afternoons journey. sky rocket in flight...afternoon delight
http://www.youtube.com/watch?v=eplbDbp6XJQ
Here they come...( or is this old news?? )
NY POST
KAJA WHITEHOUSE
Last updated: 1:58 pm
August 21, 2009
Posted: 3:04 am
August 21, 2009
A 30-year-old New Yorker who was barred from the securities industry last year may be behind an increasingly popular financial blog known as Zerohedge.com, which is catching flack for its obsession with anonymity.
Daniel Ivandjiiski, whose most recently listed address is on the Upper East Side, was barred last September by the financial industry's self regulatory authority, FINRA, for insider trading.
Ivandjiiski is also suspected of being one of the founders of controversial financial blog Zerohedge.com, sources tell The Post.
Ivandjiiski didn't return requests for comment, but he recently told industry publication Hedge Fund Alert that while he writes for Zerohedge, he's not a founder.
"He denied that he was a founder. He said he was just a contributor," Hedge Fund Alert Managing Editor Howard Kapiloff told The Post.
Ivandjiiski told Kapiloff that he's one of several writers who contributes to the site under the pseudonym "Tyler Durden," the charismatic, psychopathic alter-ego of the main character in the book and movie "Fight Club."
Several bloggers on the site appear to have been inspired by the 1996 novel by Chuck Palahniuk, which was later adapted into movie starring Brad Pitt.
A man who answered the phone at Zerohedge declined to give his name or to comment. He offered vague statements like, "Zerohedge is not one person," and, "For us, its not about the messenger, its about the message."
A manifesto on the Web site suggests Zerohedge contributors are seeking to avoid the backlash their comments could unleash, saying anonymity protects "unpopular individuals from retaliation -- and their ideas from suppression -- at the hand of an intolerant society."
But its anonymity has also been a bit of a lightening rod, causing one commentator on CNBC to recently blast Zerohedge as residing in the "dark and cowardly corners of the blogosphere."
Still, the site has proven unusually popular since its launch in January, according to data from Web traffic data provider Alexa.com.
Alexa shows Zerohedge's Web traffic beating traffic from other, more established financial blog sites like Footnoted.org and Marketfolly.com and coming close to traffic from some of the most popular financial Web sites like Dealbreaker.com and Minyanville.com.
Old news...read older posts.
Just as I suspected. Bernie Madoff is running this website from Federal prison.
Wrong! Bernie is running the exchange and advising directly to Bernanke, Summers and Geithner on how to lure more fresh $$ to pay existing claims.
Bernie is lonely though and he would like some company.
Ben, are you listening? Come visit your pal once in a while..
Got caught at insider trading huh! What's wrong, forgot to share a percentage of the filthy lucre with Blankfien? Even the Mafia boyz know ya got to share some of the proceeds with the Don.
The real news is that In May 2005, FINRA popped a guy for an illegal profit of $780.00.
Wow! Regulators at work.
I don't care who Tyler or ZH is and fully expect the entrenched (and captured) financial media to do anything and everything to discredit the fine work being done here.
Talk about insider trading, from Bronson Capital Markets Research......"Insiders normally sell about twice as many shares as they buy, since they receive shares of stock from their employers as part of their total compensation package and need to sell in order to get at the money. However, in the five weeks ending August 12 and reported today, August 14, by the WSJ’s Market Data Center, insiders sold a whopping $2.2 billion and purchased only $62.2 million in their companies for a huge sell-to-buy ratio of 36:1, or 17 times normal (table below).
Selling to buying in technology stocks was a huge 61:1, or 24 times normal. And remember that technology stocks lead the market, so the insider selling in that sector is an extraordinarily bearish indicator for the direction of the stock market."
A whole $780, wow!!!!
Throw the guy in jail for 20 years [sarcasm off]
Keep it up Tyler, whoever you are, you are winning.
The charges sound laughable to me and I wonder whether this was some kind of revenge because he precisely didn't participate in some crooked things.
It is not unheard of that corporations make up charges about employees that have witness something just to discredit them and Finra is not excactly independent of the wheelers and dealers at Wall St.
"lightening" rod lol
Geithner said government officials acted appropriately in their dealings with Goldman Sachs
good articles; good articles 4 slow news day ..http://www..
hat tip: finance news & finance opinions
"...CNBC to recently blast Zerohedge as residing in the "dark and cowardly corners of the blogosphere." -
translated, the AUTHORITY, the PERSONA, the warrantee of 'goodness' by Brand Name is 'missing' -
THE LEADER PRINCIPLE is missing
Heil Hitler, mein Furher - its the 'leader-principle' paradigm of the Thirld Reich that those Bastards 'long for' -
such people THUS, therefore, DESERVE to have everything they own 'taken from them' -
the case of NAZI Germany starting about mid-1941 invasion of Russia, for instance, it was their life if Soldier, it was their life & property if Civilian, it was Military Juridicial Death Sentence at Nurnburg, but a hundred other locations in defeated Germany -
THESE are the people, who want 'wisdom' that they cannot understand 'in depth' to be digested by THEIR LEADER for them, first, and then spoon fed -
such people, of course, like to be 'fooled' most of the time, some of them 'all of the time' and FOOLS that they are,
THEN, they shall lose, lose, give, give and give - the sucker class - to add to Marx's Class Structure,a class 'below the Proleterian, who often known to 'trade stocks' and other 'non-productive' activities, 'unearned-income' so to speak for those 1/100 who win, and a waste of everyones time for 99/100 who 'lose'
the class 'below' the 'working class', the 'non-working class', basically 'useless eaters' who should be harvested to supplement the world's pet food supply, and make fertilizer to supplement your basic cowshit
I'm new to posting here. Been reading away quite a bit and congrats to the work to all the ZH team!
I quit posting comments on Marketwatch yesterday.....out of total disgust on their main columns.
All this upward movement is totally out of control now and I truthfully hope who's long in this....is wise enough to not let anybody take away a profit.
Cheerz
Itsme
the dow jones is for sale?! Did i hear that Goldman has something to do with this?
Houston, we have a problem.
Hmmm.
http://xkcd.com/292/
Or maybe its.
http://xkcd.com/316/
Na it definitely has to be this.
http://xkcd.com/325/
Oh wait. THIS IS definitely it.
http://xkcd.com/330/
SELL EVERYTHING
Why? Zero resistance until SP 1,200.
On a long enough timeline, all support drops to zero.
yes, on a long enough timeline, we are ALL dead, fully depreciated, worth-less, expired option to live - Keynes said that, so as to provide a mathematical 'boundary condition' within which all 'investments' should be evaluated
If I weren't already mad as a hatter this market would be driving me insane.
Not knowing much, I guess options expiring are a good thing for the market...no?
Indeed I don't care who writes what. I am smart enough and know enough where the beef is and isn't.
Most ZH blogs are choke full of 100% beef which compared to sites like CNBC, Marketwatch, etc. their corn and soy fillers are all too easy to taste. Rarely do you get a dose of reality from places like those - all for red pill types.
I'd love to meet someone who actually buys shares just prior to 4pm as the market go on a rando-spike. It's almost like they are thinking "oh my god, if I don't panic buy in the next few minutes and pay way too much my weekend will be ruined!"
That is, of course, assuming any of these buyers are actually human beings
The great scam, in red a simply volume moving average, dotted the same average * price...
http://img195.imageshack.us/img195/9828/15723438.jpg
in a word obscene w.o fun...
StockFinder, I have that...I like it mostly...how about you?
This just in from Dallas, JFK has been shot, I repeat JFK been shot.
all work and no play makes Jack a dull boy all work and no play makes Jack a dull boy all work and no play makes Jack a dull boy all work and no play makes Jack a dull boy all work and no play makes Jack a dull boy all work and no play makes Jack a dull boy all work and no play makes Jack a dull boy all work and no play makes Jack a dull boy all work and no play makes Jack a dull boy all work and no play makes Jack a dull boy all work and no play makes Jack a dull boy all work and no play makes Jack a dull boy all work and no play makes Jack a dull boy all work and no play makes Jack a dull boy all work and no play makes Jack a dull boy all work and no play makes Jack a dull boy..
www.youtube.com/watch?v=qb_Iult5k38
Dubstep it
http://www.youtube.com/watch?v=EPlxFrFyo1Y
its friday TD.
can we have some comic relief from our favorite louisville slugger? :)
I'll wait to see what after hours action is. Monday could be a big down day. Or at least the first half hour. Then it's guaranteed sideways. Wish I could trade that.
perhaps we should reinstate the downtick rule.
I'm quitting on the job. I'm an analyst and I refuse to publish work endorsing this move....even if my technical work says it can go higher....that's how strongly I feel.
i know
NY Post's Kaja Whitehouse (if that is her real name ... it sounds a tad porn-starry) misspells both "flak" and "lightning" (but in ways that most spell checkers won't flag, as in "eye halve a spelling chequer") in her oh-so-well-researched piece ... but see, her borderline illiteracy is no big deal because in her case it's "not about the writing", and the "message" is just a way to sell copies of the rag she works for.
The Fed is not done pushing this market up until the end of this month. This really should not be news to anyone. It was interesting to watch the Chinese "jump the gun" earlier this week.
"This continually rising market makes me forget about being laid off, evicted from my home, and collecting unemployment checks."
-Joe Six Pack
Downtick, hell, there should be an uptick rule. It's bad enough that everyone (pratically) and everything is geared for the market to go up.
I blame the reduction in pensions and people forced into 401k etc plans on blowing this market bubble up from the mid 90's forward. Hell, it's what you got to do to save for retirement right? You're guranteed to make money right - as long as you hold on long enough.
I've learned my lessons - all my 401/retirement funds are in bonds and MM. At least I will stop loosing money like I have since I started investing in my 401b in 1993.
tyler@zerohedge$ sudo bash
password:
root@zerohedge# gcc -o squid -O6 vampiresquid.c
root@zerohedge# ./squid
-----=====GOLDMAN VAMPIRE SQUID=====-----
*DO NOT DISTRIBTE*
by Lawrence Summers
1. Front-run trades
2. Print Digital Currency
3. Threaten Congress
4. Steal from Treasury
5. Complain to Ludwig
6. Push Markets Prior to Crash , Cause Searing Financial Pain
Option>6.
squid: /usr/libPAULSON.so not found (required)
squid: /usr/libGEITHNER.so not found (required)
squid: /usr/libSEC.so not found (required)
squid: Did you run "gmake -fuckTargets=all -setuid=sec,fed,nyse,nasdq"?
Well they managed to push and push at the last minute to keep the DOW above 9500. They aren't even trying to hide the strings anymore.
Worst. Puppetshow. Ever.
This market has special needs.
Got to go higher so next week has room to fall.
$200 billion of Federal debt coming to the market, just as the US$ sits on the edge of a cliff. Hmmm what to do...?
Drop equities...chase everyone back into dollars for the week...issue the bonds, bring $ back from the dead ... then Friday start pumping back up.
Check out Naked Capitalism's latest post
HAHAHHA
I'm Ben Bernanke! Suck my free money bull market you peons.
I'm Ben Bernanke! Suck my free money bull market you peons. We're gonna take it all, and you're gonna do anything about it.
1121.44 - Next stop S&P according to Fibs.
The lift continues in the after hours... lots of people are looking at the 2-year and at the 5-day charts and figuring out it is an excellent entry point...
Beyond the sarcasm... this confirms (so far) what I posted 2 weeks ago (I am wrong a lot, so no interest in claiming credit). The cornered animal(s) are to push this to 1,100 with a fast final leg up... In other words, exactly what the talented geniuses at GS said a couple of weeks ago... Don't complain about the bonuses... the firm has to reward talent.
bout time the long bond sold off. i was waiting for yield to rise.
same...that was a painful trade in the last week though (i'm long TLT puts), but certainly nice today. are you staying short the long end here? i figure there is more to come next week...after all, the economy is in recovery mode, equities are flying, who the heck wants boring old 30yr's at 4.37% !?!?
Srsly. My bum is sore from the TBT decay.
been there, math'd TBT, it blows. use TLT puts for exposure, they track well & liquidity is halfway decent. much better than using TBT or TBT calls to short the long end.
Looks like we have another head & shoulder pattern forming on the daily charts of the SP500. Left shoulder complete, now were running up to form the head this week. That last pattern worked so well I guess thay are going to try another.
s points quarter-to-quarter. That is an acceleration from the 270 basis point year-to-year rise last
good articles; good articles 4 slow news day ..http://www..
hat tip: finance news & finance opinions
http://sf.markit.com/cache/curves/018818be99e709761f4e08639bd.png
"Sure little guy, why don't you put your money on the table and get a piece of this action. Who cares about the economy and all the shit looming on the horizon - the bull market is back!" Just paraphrasing how the pricks in the media push this crap.
market's raising her skirt. get on your knees and take a peek why dontchya?
Jim Cramer said sell, sell, sell this mkt. I think I would rather lose all my money than have Cramer call the top.
trying to call the turn is a mugs game and very expensive
you'll know when it's time to be short and the fear of missing out on the first part of the move is an irrational one.
when the trend turns downward go short in line with the long selling
i am bearish but i have to concede that the trend is not down.....so why fight it
This is true Aus, I've recovered 50% of my losses over the last 3 months going long last week... I should be back to even just in time to catch the turn...
reckless abandon now replaces irrational exuberance
I guess they figure that if China can be up 100% off its lows, then 50% or 60% looks reasonable.