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V'ohlewmm Up On Rout
Like clockwork, the volume emerges the second the market realizes a rout is imminent and the HFTs are quietly switching off the frontrunning engines. Elsewhere, Doug Kass is starting to channel the "predictive" abilities of Goldman's FX sales (aka the Client Rape SWAT) team.
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I said a week ago that I thought 1220 was the high. Nothing to change that view now. We may not make it back to 1100/1110 before 950. Batten down the hatches.
c'mon man... 1220 was too easy to predict... a perfect 61.8% retracement from October 2007 high
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"Woah look at Bawknee go!" "Weeee.....I am beadeen da weveowls!" "Yes you are doing well Bawknee. Keep it up." "How is he doing this?" Whispered Timmah. "Beginners luck." "He really is having quite the success at weaving the markets around, and look, he has found a new currentsea cross to manipulate!" "Weeeee!!!" Squealed Bawknee. "Dis ith phun!" He was sweating perfusly from all his manic movements. "Timmah, can I see you outside the clubhouse for a minute." They stepped outside the fort, which was built in a large oak tree just outside the beltway. Once on the porch, Ben looked at Timmah. "Tim, I want you to know, even though we argue, I really appreciate what you have done." Timmah smiled. "TIMMAH!" "Your work restructuring the bankruptsea of AIG and CIT Group so our people got payed out worked beautifully. I think you have what it takes to make the next moves." "Timmah!" His tongue was hanging out of his mouth while he said his third person.
All of a sudden there was a sceam from inside. BS walked back inside. "Oh nowa!" "What happened?" "Weorl, I wen do ge a dwink ob soda an fogad do heed pauthe." "Timmah, pick up the controller and get it back on line! We can't have the bottom drop out just yet." Bawknee started crying. "Bawknee it's ok, look, you got silver and gold to fiannly go down!" BS dried Bawknees eyes with his handkerchief. "It's fine, it'll be fine."
"Timmah, can I see you outside the clubhouse for a minute." They stepped outside the fort, which was built in a large oak tree just outside the beltway.
HA HA HA! a triple.
ummmm, shrooms for breakfast anyone??? :-)
Maybe I should have. That one's tone was a little easy.
PPT forces.. UNITE! Please bringeth (at taxpayer expense) a 140 point gain in the last 10 minutes of the trading session.. like you droids did a few weeks ago.
They want gold below $1243 and silver below $18.80.
the options in gold and silver expired at 1:30. right now, they are "disciplining" us in the market there for having the utter gall to buy gold rather than UST - preferred "safe haven" for peasants.
not to worry, the asians will take gold up tonight, maybe to infinity and beyond......
they are tried of Ben.....
the europeans even more so.
What time is it? Man it's nice outside.
These share prices are the largest farce in market history. Wealth destruction part two is taking hold. I give BP two weeks.
BTW- the DJI over/under for the day at this point is +/- negative 80. Place your bets on where it closes. I bet -79 and over.
And the PPT is in now in action...
Don't worry, plenty of time left to ramp...
Yes go ahead PPT, burn your worthless FIAT, see if I care.
I figured out why the market is down. Around the corner from me there are thousands of productive American citizens waiting online that literally wraps around an entire city block to by an Iphone 4. Perhaps they are just practicing for the coming food stamp lines in the modern day depression. These must be the most immature impatient people on earth.
http://www.youtube.com/watch?v=wuDVwu5sloY
ipaduuuuuhh........duuuuuuuh!
http://www.youtube.com/watch?v=D2FX9rviEhw
+1
Thanks for that
Jobs 12:8
"For the nerds always you have with you."
Pathetic idiots or Apple hired 1000 unemployed 20-somethings to stand in a long line for a few hours....
" Apple hired 1000 unemployed 20-somethings to stand in a long line..."
Classic!!
After all, Stevie "Hand" Jobs is a glorified ASS HAT sleaze ball Larry Ellison...
Whoops...I mean glorified ASS HAT sleaze ball salesman...
They are Manchurian Consumers who are doing exactly what they have been programmed to do.
Yes, it does beg the question: Don't these people have jobs, and, if not, where did they get the money for the Iphone?
I have to lol at the market right now. The algos keep trying to push it, yet reality is resisting to let it happen. This is getting interesting here in the last 15 min.
*edit* Welp, looks like reality won that round. Take that you breast implant wannabes.
Beware a stumble from here. 1070 is peaking over the precipice. 1050 is coyote in mid air.
Section 9 effectively criminalizes manipulative practices that give appearances of bona fide transactions such as wash sales and pools. Section 9 (a)(2) offers the broadest prohibition against market manipulation by making it unlawful for any person to affect a series of transactions in any security registered on a national securities exchange in order to create actual or apparent active trading in such a security, or raising or depressing the price of such security for the purpose of inducing the purchase or sale of such security by others.
.
http://www.youtube.com/watch?v=YKRnJ5WW0CM
CNNfn : DOW -135
Google : DOW -150
Yahoo : DOW -163
(refresh, refresh, refresh)
CNNfn : DOW -135
Google : DOW -150
Yahoo : DOW -163
Lol... Why is getting accurate quotes such a problem...
I have ridiculously low good-till-canceled buy-to-cover orders on my positions waiting patiently for a flash crash to fill them. I mean this is the new normal so one needs to take any advantage offered to them.
Many took this action after the first flash crash. That's why it won't happen, again.
Tyler, thanks for the AUD/JPY heads up.
It turns out the EUR/JPY re-coupled on the 30 day chart thanks to today's action. It's as if the 30 day re-couple signified a baton passing to the AUD/JPY.
I've been posting on this for last couple days and..... cash-money!
P.S. anti-goldman trade on PCLN at 200 was golden.
DEAR BULLS:
JUMP!!!
Everyone remember to pull a Leo and "buy the dips" *snicker*.. let's all get broke faster.
I was expecting a second photo of carcasses hanging in a slaughter house.
Looks like it could be the Azores. Spouse had a few fun moments there dodging a ton and a half of really angry potroast. Bulls were chasing folks into the water.
The bull is being chased by a bear.
EUR/JPY decoupling ? Hum, I think I have to load up some Nikkei 225 tonight in Singapore...hehehe
Doug Kass is way overrated.
Client rape SWAT team! HAHA!
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