This page has been archived and commenting is disabled.
Volume in ES explodes to the downside as reality catches up with market lunacy.
- advertisements -
Contact Information:
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Suggested Reading:
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
It would be very wise of you to study our disclaimer, our privacy policy and our (non)policy on conflicts / full disclosure. Here's our Cookie Policy.
buy buy buy!
....silver silver silver!
Long SI, short HG...
Larry Summers could be leaving, boyz at Goldman and JPM in panic. Who will press buy buy buy button now?
http://www.fundmymutualfund.com/2010/04/could-larry-summers-be-leaving.html
Since my piece appeared, the buzz that Summers is looking to leave--or is being pushed out--has picked up. Earlier today, my colleague Marc Ambinder wrote about this, defending Summers against his critics while leaving open the possibility that he may, indeed, leave. My own view is a bit less sanguine. I think Summers is going to leave sooner rather than later, possibly before the mid-term elections, and if not then, soon afterward.
This makes perfect sense, thanks Trader Mark.
I will add this; so Hoenig is an oppurtinst. Heheh.
Nothing beats a career killer call when the career getting killed is so deserving.
KUDOS
Hold on to your hats ladies and gentlemen, this is the ride OF YOUR LIFE!
Let's hope so...
I tend to doubt it though.
Gold and silver move to the upside huge on predominant buying, the Central Banks continue to run the presses at TURBO speed, Hoenig comes out and formally questions BS in public, stocks pull back, but gold and silver do not.
There is not much time left. We have an ARGONAUT, and we will call it SILVER. Get in the boat. We have plenty of room for all kind hearted people. Even you MB ;)
My sis has the Cal40 Argonaut.
Yet another bungee ride of your life
Volume picking up on Chinese solars:
http://finance.yahoo.com/q/cq?d=v1&s=csiq,jaso,ldk,sol,solf,stp,tsl,yge
And it's all upside from here!
Volume picking up on greek government bonds. Buy buy buy!
WORD
FSLR also having a nice down wedge looking for breakout, will take some off 140ish.
Don't get too excited, this is merely a teaser....
Hey, another V-shaped recovery at 3:15 today. They are getting good at the small ones.
If we finish green today, I'm getting the machine gun out!
Have they closed the market yet because of computer malfunction and such to prevent such no no things as shock... horror.... SELLS????
As you said Tyler, Reality...
Relax, the PPT is on the way and don't you dare short this market - it's illegal you know.
Would love to the "trap door" smash PPT momos right square in the pineapple!
Chinese solars? That's the saddest post I've seen recently. Get some help. Chinese solars? You poor thing.
Exu$$$e me, did you say something? I can't understand imbeciles who can't see past their Bloomberg screens!
Leo, how do you have time to chat with such an opportunity in the Greek Solar market? With your local connections and industry knowledge you are bound to make a killing. Go for it little buddy!
Portugal, Italy, Greece, and Spain should seriously look into developing their solar industry (China can help them). When I'm in Greece, only thing on my mind is swimming, sun tanning, and watching hotties parading up and down the beach as I enjoy my Ouzo, grilled octopus and a nice Greek salad. OPA!
Leo, you are absolutely correct... This is China's century...
China and its currency will flourish in the demise of the western economies and become the worlds production powerhouse just like the US was last century, only this time China will manufacture and export products the world actually needs instead of auto's and firearms... The middle east and especially south America will flourish alongside China so plenty of potential investment there for those who can comprehend the full consequences of the worlds energy contrained future...
You got that right!
China Again Hopes to Drive U.S. Rail Construction:http://www.cnbc.com/id/36227969
Leo:
You need to stop attacking people with name calling. How would you feel if we referred to you as gimp because you're physically and mentally disabled? Doesn't feel good, does it? I actually enjoy reading your bullish diatribes; the pension crap I could care less about. But how about showing some respect to others if you want respect.
I don't like to be referred to a "sad thing" because I invest in Chinese solar stocks. The person who wrote that comment is an imbecile. As far as my disabilities due to my MS, they're under control, and I ain't no fucking gimp (I got more cojones than the wimps out there slamming me). You should read the "pension crap", it might come back to bite you in the ass.
" ...to the downside as reality catches up with market lunacy."
There is plenty going on in the world that could potentially tank the market. However, if this is short-lived (i.e. 2-4 days), perhaps it was just a helping hand for tomorrow's 30yr auction, and to help primary dealers get the freshly minted 10 and 30 yrs off their books. Nice how the 10 yr has dropped 4 bps from this afternoon's auction rate.
buy the dips (not advice)
Geez, I feel so manipulated...
Yawn, just keep buying the dips. This is getting so lame. Fed needs to hike rates but stocks will climb higher, especially in the hot sectors. I bet you $2 trillion in hedge fund assets that risk assets will continue to climb higher.
As sad as it is, you are right, Leo.
What's your upside target(s) Leo?
All I know is that stocks will continue to climb, even after Fed begins raising rates.
'Stocks will continue to climb, no matter what'...well seems the non-myopic view of stocks climbing is quite lame...DOW 10,800? Looks to me like they have to go all-in with all their tricks daily just to keep this 1990 level market at break even! OH and thats not counting the 1,000 point drop days!
Yeah, great strategy Leo. It works until it doesn't. Mathematically speaking, most market moves are northwards. So you're taking the safe trade in terms of probability.
But betting that it's going to be ok in hot sectors... even if rates rise... Heh... now that's a set of balls.
The thing about musical chairs, Leo is that sometimes you're not just short one chair.
Good luck, man.
Yeah, thanks for the warning, in the meantime, I'll keep buying the dips and making money. In case your memory is short, it took several monster rate hikes before the Fed curbed the Nasdaq bubble. This time won't be different.
yeah thats a good analogy, smart thinking
it took a few rates hikes to get a massively overvalued, totally overhyped market to go lower
how does then compare to now? lets see - unemployment then was 4%, now its 10%. price of gas was about $1.50, now its spitting distance of $3. then was the front end of the most epic credit splurge in about 100 years plus the front end of a property bubble. now the entire system is substantially overlevered. then government running huge surplus taxes on the way down. now government running massive deficit taxes going way up.
the hilarious part about you is you think youre being out of consensus by buying every flying piece of crap in the market when it pulls back 80bps but in fact that is what every dope with an ameritrade account is doing but in fairness none of them have approached it with uncanny logic and market savvy you communicated by observing "it took a few rate hikes to get the market to go lower at a time when the economy globally was in complete state of euphoria"
I only disagree with one thing you wrote. It's not hilarious. It's fularious. Leo has taken his smarmy gig to the next level.
This time is different: $2 trillion in hedge fund assets and growing, sovereign wealth funds shoving trillions into risk assets, pension funds long stocks and corp. bonds to meet pension deficits, massive liquidity tsunami post QE. You really think I'm a fucking dope with an Ameritrade account? LOL, buddy, I nailed this market long ago. They will do whatever it takes to reflate the bubble. Mark my words, you ain't seen nothing yet.
Anyone who begins an answer with "this time is different" is absolutely a dope with an ameritrade account your thinking is dead on top of the consensus thinking of every aspect of this market but look in the mirror every night and convince yourself you are the only one who is long the bottom quintile of the russell 2000 because "there is so much money printing going on asset prices will never go down again"
And the Titanic returns to full speed ahead...
Predictable
show me the prop desk trades for the day and who did the manipulation
Why have a prop desk if just anyone can have the information?
What advantage is there in sharing internal strategy and business models with competitors?
It was something to behold today. Right about 3:10 pm EDST the market, which had been struggling to move to the upside all day, started down. First -40, -50, then boom, the bottom fell out and we were down 70, then -90, then -122. What prevented it from going lower was simply the closing bell and probably a big surge in futures buying by you know who.
The question is whether this is just a pullback on profit taking, spooked by the consumer credit numbers and Greece, or if this is the start of a correction. I'm no brilliant trader but I've made some money since the late January early February correction ended and I am NOT greedy so I cashed out. I made a few mistakes along the way too so this gives me a new start once I see the short term direction of the market.
A true 10% correction would be healthy here but the stock jocks and elitists believe that will scare the consumer so they will probably prop this thing up again. Eventually we have to have a correction and I think the market will have the final say in when and how much. I just don't think there is enough muscle out there to prop the thing up and we really didn't get the rally from the employment numbers that a non-manipulated market would have given us.
Short term bounce tomorrow and then we close lower. The volume tomorrow will say a lot about where we go from here.
really ? thats no good
Testing support as I write...Game on!
Good linux hosting option package offered by ucvhost which not only provides the best in terms of hosting packages but also believes in truly being there for the customer, 24x7. cheap hosting Moreover , they offer unlimited bandwidth as well as nearly 1GB storage along with database maintenance, email facility along with storage, availability of sub domain and many other important features for a very low price. windows hosting Thanks forex vps
Yep Leo, its all good, nothing can go wrong, well until the next 1,000 drop in seconds on this phony empty market casino or massive world event catastrophy. Keep that finger on the 'sell' button while youre making all that money.