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Tiptoeing towards the exits...lol brings to mind old Tom n Jerry cartoons.
Harkin back to Tiny Tim, if you will.....
Tom Harkin and his tulip gang.
Denninger just posted a thread 'FBI Outed Breaking Into The US Internet', and now his site is down.
WOW... Thanks for the heads up on that...
The FBI allegedly paid some developers to design some backdoor vulnerabilities into a widely used platform. Man, the site is still down! Karl may be moving to Iceland sooner than he thought!
You're witnessing the end of an Empire. Eat your heart out.
Does he have a twitter account? Any updates?
Maybe it is not the FBI. He probably cant afford a server after all his market calls.
That bastard is single handidly responsible for me missing out on the greatest rally of my lifetime. I cashed out my 401k from an old job and turned it into an IRA thinking the world was going to end mid way through last year. In the end, I was the greater fool.
Having a low opinion of Karl, I never paid much attention to his calls. If you cashed out your 401K, what did you buy for your IRA? You wouldn't be sad if you had bought gold or silver. I'm wondering what else there could really be.
Per Facebook, there's been a major service provider/telco outage in his area. He should be back up soon.
Correction: The problem is with the hosting company
I think platinum had a good day, so anyone want to hate on that?
No. Good play.
Something sure is setting up. Right in the face of my calls. I am sticking with them though.
I think I'm the only one playing the REITs but, Jesus Christ, has that been out of control during the trading sessions. Same routing, plunge, immediately jacked back up, plunge, jack up, plunge, jack up....sell off.
OT: BAC to settle with mortgage investors
Not o/t at all.
I think Tyler meant "slipping out the back door of the Roach Motel," which is how I refer to trading action on SPY, after first determining that both the SPY and the VXX creation units machines are on the fritz and both issues are now responding to free market forces...which is something that neither fund is used to after months of shares constantly available at any price and at any time...in shocking ways.
Language differences aside, I think Tyler has it right...and as those guys sick out all those Euro dollars they been chucking back...well, I don't see how the dollar does not rally, knocking down all the sand castles on which the rally in the Roach Motel has been built.
But I'm a simple guy, you know, and maybe I don't get anything that is going on around me? Maybe.
I think its right. All these clowns knew they could buy about 2 years with outright BS. its about over right now and all the bubbles are about to get monkeyhammered by a dollar rising. Bonds are toxic, stocks are a joke. Heres what image comes to mind when I think about the stock markets today-
Interesting to see the selling pressure mount towards the close . Not that someone ( or rather something ) didn't attempt to ramp prices higher in the final hour . Tomorrow should be very interesting . If this is indeed a top then we should see some fairly sharp accelerations to the downside .
Go to cash now to front run the drop for EOY settlement.
But Harry and Robo said Santa was coming!
Robo and Harry are two very sick people, I would add Spalding also.
Where have they been wrong?
Disgusting, yes, but wrong?
They have been dead wrong about their reasoning for everything. US equities have lost out compared to foreign equities and gold has kicked US equities ass. Have you seen the Thai SET lately ? What about the Singapore dollar ?
I don't think people like you even realize that most inflationists (including the biggest one of all, Peter Schiff) ARE NOT BEARISH ON STOCKS.
Robo and Harry are in stocks for the wrong reasons. Their reasoning is dead wrong. A shitty US economy is not good for bonds. Why didn't Spains bonds rally as the unemployment rate went up ?
And even the best stock chasers today will be incredibly lucky just to break even with purchasing power. Its all just an illusion in the stock markets, and I doubt Harry or any of the rest even own any stocks.
Shh! Harry is really an A.I. program (wikipedia: Eliza), but don't tell anyone, especially Harry! :>D
I would add a comment about Spalding but will digress...for two reasons:
1. Spalding is very excitable.
2. Spalding said he would sell his shares in mining stocks to me.
As for Robo, I don't think he is sick, at all. I just think he keeps confusing the past with the future.
And Harry...well, I think he may be suffering from zombification as a result of his dedication to the company called Apple. It has happened to millions of Americans...to tell the truth. I don't know anything about it, though, because I don't have an Apple anything.
He claimed (on MW) to be buying AAPL between 245 and 260, where is it now? When he sells is the key.
I shut Spalding up rather quickly a few days ago when he was on a perma-TBTF-dollar-bull rant. Sometimes I don't have the time to put him in his place or at least make him think
You what ?
We can have it out now but after this will you stop with your EURO love and all this crap about 3rd world reserve currency what iffff's..... Singapore, Vietnam ...??? The hot money pour out of asia the first sign of trouble. What are you smoking ? How will the world unwind 1 quadrillion in dollar denominated debt. What balance sheetcan support this & WHEN ?
Read up on the inflation pouring into Europe, Tyler will post about this topic soon, read up on China and inflation.
Uncle Ben = Pimp.
In through the nose...
Out through the mouth...
Easy now. Remain calm.
I cant do it any longer, god bless america, ben, everyone.
Spitzer is right run out and buy euros ....Like Jay Z'
Psss. pppppss boom' boom 'push your money over sea's Lol'. I be tell'n you toss out doz dollars buyz euro's dooog. That moron lost his ass ....Hows that euro outlook Jay-Z ? One rate, for all. His pro- euro rap song~ http://www.youtube.com/watch?v=h-lf85UBU5Q
If you think Singapore is third world, then you are dumber than you act.
I had to sell VGGCF at 93 cents on tues. they merged with another firm and only trade in Canada ( Im on tdameritrade ...)... Bought at 63 cents.
You can look they send me a notice on monday.
The only stocks I have X,ZEUS,MT,JPM,DB,HOLI,JOBS,DRYS,AMCN & AIG at the end of yesterday after 4 days of big volume.
A few from China banks,industrials.
As your ZH brother, I really have to mention that owning X is probably a really bad idea. US steel is a company that is totally weighed down by long standing legacy costs. They might be competitive on the world wide scene...in maybe 20 years...after those old farts have rolled over, if you know what I mean.
As well, are you now saying you sold your gold miners?
Thanks. I only had 1 miner , yes it delisted.
US Steel has not even started rolling yet wait till Q2 next year.
Cat has never been this busy everyone planning for jim rogers 20 year commodity run ag & mining. All the auto builders must build new models ford,gm,toy,hon, all here. A friend of mine owns a metals cnc shop 140 guys. All the suppliers (ryerson,castle,ect.) have nothing on the shelf. When ryerson orders metal from us steel it not a small order we are talking 6 month out. The dollar has been dropping and as things pickup around the globe more work is coming back to USA shops. Many world class manufactures in USA still, and the USA running at 50-60% is still a big economy compared to rest of the world. Cat just bought bucyrus also -Welcome to Bucyrus | Bucyrus International
Spalding did you unload your VXZ today? I'm not ready to let mine go yet. I'm waiting for the "VXX units creation machine" (that Cdad mentions) to be turned back on. I'm thinking maybe options expiration?
Santa is coming. However, it is not clear that he will be bringing toys for everyone.
If the criminal syndicate known as Wall Street continues to have its way with the American economic system, after Santa has come and gone, the only thing that might be left in the stocking is $3+ per gallon gasoline.
It is a crappy thing for Wall Street to put in average Joe's stocking...but it seems like said criminal syndicate does not care...which strikes me as odd, to tell the truth.
Santa is coming...with a vengeance! HoHoHo...crash
From Futurama (Santa): "Your mistletoe is no match for my TOW Missile!"
So tomorrow even more of a sell off and Friday a bloodbath? I only pick Friday since most schools let out for the holidays and the algos will get shut down for the vacation period....or not.
bloodbath = 12/27, then miracle recovery 12/28.
Though I have a bad tendency to be a day off.
i am having a treja-vu
Does anyone have a database showing all daily returns on POMO days (and an hour by hour returns)???
Silver doing its JPM thing again, up two days, down two days. Wow they never give up!
Why even bother looking at graphs? Even if I had, I would believe my own eyes before some doomer's chart. What my eyes are telling me is that my products are selling better than they ever have! This means that: unemployment has fallen, incomes have risen, and the recession has been over for months -- just like the people who really know have been saying all along! All in all, just another greenlight.
Did things slow down yet by you Harry ? Whats the mall like did you go shopping yet ?
Lots of traffic in the malls... they're all checking out the 40, 50, 60% off signs getting bigger every day... Harry must be in food stamps... I hear the market in them is booming!
Dude, there ain't no more "food stamps". They are "Auntie Zeitunie Cards" now, because, after all, if you are on "relief" (another FDR era term that is being expunged) then, well, your self-esteem might be challenged. Can't have that.
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