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Time For The JPM SPY Desk To Remind The Market Who Is In Charge
The question: is "The client" buying or selling today.
In the meantime, the carry traders just can't catch a break.
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A close below 1066.35 would print a key day reversal. That said the only factor that seems to matter these days is the dollar, so how much weight it will carry I have no idea.
WTF, a LOD finish?
i thought this had been banned (along with candy cigarettes).
Must be a computer malfunction at the FED.
Tyler, the carry traders have stretched this rubber band a little to far. Repeat from previous posting: Again, the trade that will hurt the most managers, is a dollar rally. And, if this occurs, managers who blindly sold the dollar on a carry trade (and gone long every other asset class) will be "forced to unwind" those trades on an inverse trade. Worse, they will be forced to do this into declining bids/prices. Also, couple this scenario with stocks, commodities, and currencies rolling over, plus new shorts initiating, and longs trying to sell to "protect" their recent profits from the last 3-6 months -- and you have the making of a real reversal and selloff. The Fed has truly put itself, and this economy, in a compromised box. Good luck.
Look out belooooowwwww!!!
I'm new to the stock market. Can someone tell me how can I get on the email list where the gov't tells people when it's going to buy stock? Thank you.
Well, first you go to work at either GS or JPM. Alternatively, you could marry Bernanke's spinster cousin or something. Joining the mob or Skull and Bones couldn't hurt either.
abuse@sec.gov
Well, this is different. Where are all the bulls going?
I think we are seeing the beginning of the correction. The market has priced in a fantasy economic recovery. I don't think anyone wants to be holding that bag come fourth quarter 2009 and first quarter 2010 earnings. The Fed's lack of movement seems to indicate their bluff has been called.
SO IT BEGINS
I said Oct 12.
Today a small sell-off to cover some Gold debts. But the real action is scheduled for October.
Okay, I'll bite. Please enlighten us, why Oct 12? Because Saturn mounts Pluto and orgasms because Jupiter is fiddling with Uranus?
why octoner 12?
sellpriortoOCTopex
lie confess
sell confess
lie q3earnings
lie confess
lie confess
lie confess
lie confess
lie buybuybuybuybuy
I doubt it. In a market where there are no rules for those at the top, fundamentals are meaningless.
I wouldn't bet the ranch on a reversal. This could be just be another head fake to lure the shorts in for another round of squeezing.
It was almost like a controlled demolition watching the shorts all climb aboard at the slightest hint of a correction.
True dat.
Fertilize shorts, start lawnmower. It seems to be a repeated pattern. I think it will be safe to capitulate when Obamamama does.
Right on. Watch the bears all come back in: "this time we've topped out, THIS TIME", then watch HAL9000 launch the perma-bid again and squeeze us all to a new high. I just revised all my 'outlier short entries' upwards.
it was about time!!!!!!. lets see how the old continent behaves tomorrow at the opening. I am sensing an over passionate aperture for the Italian market.
The FED gets bullish and the market reverses. Has the FED just marked the top? lol.
bear market rallies end on good news.
No worries, AIG, FNM, FRE all stayed green for the day so things are all good. The pillars of our bankrupt country are doing just fine.
Most walls of worry are overcome but this one needs a little more attention than usual:
The last rally before plunge peaked at 13,136 on May 19/08.
So, 50% Fibonacci retracement from 6,469 low on Mar 6/09 is 9803!
Look at your charts...
-vreporter
If anything, it seems like UBS has some balls.
TD what's the sequence of commands to get that BBG screen? going to a place with BBG terminal.
SPY equity IOIA
Did Ben just try to do a Ruki Vverth cover?
If you want to gun or sink the market, you do it EOD. The market sold like crazy later when the gunner usually shows up for the battlestar galactica finale shootoff. Either UBS went free agent( do they ever want to work in the US again?) or were told that fresh blood is need to squeeze. My bet-it's a trap. Don't go there. Let the banks Benedict Arnold the PPT first
Yes, this may be the top. Debt ceiling has been reached and treasury begins to raise rates (yes, winding down quantitative easing is the same thing). P/E ratio at its most expensive in history. And more importantly I have spent the past two days hearing fools commenting on tripling their money on their Ameritrade accounts. Real smart to 50% your account in Citigroup? We will see