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Weekly Chartology
David Kostin: The sinking of the titanic is orderly. Do not panic. The S&P will still close at 1,250. And if you are a client and have listened to us, our bad: "Our overweight recommendations (Energy, Materials, Info Tech) have generated -38 bp of alpha while our underweight positions (Health Care, Consumer Staples, Utilities, Telecom) have generated +12 bp of alpha." In other words we have lost you money on both your longs and your shorts.
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Lost money on both longs and shorts. Sadly, that's not even new. No surprises here.
You really want to play this "market"?
But how can that be? GS had a perfect trading record, didn't lose money on a single day. Oh, that was THEIR money. Never mind.
How TF they have a perfect trading record in their PROP desk, and at the same time, they give this kind of recommendations to their customers !?!?!
KILL THE SQUID!!!
Yes, that is odd.It is almost as if they put themselves before their clients.
And that would be self serving and evil, wouldn't it.
The supply of suckers is limitless. Too bad oil isn't the same.
Thru much espinoage on my part I uncovered the real report, it is handwritten and has 3 xeroxed copies, each copies requires the reader to intial it and date, I have been fortunate in that thru plain wits, since i'm and both a half wit and quarter and couldn't operate a computer to save the world to do things the old fashion way, earn them
I started with 3 days of stakeout in front of GS, obviously diquised because clown stand out like a sore thumb everywhere except the circus and schools for the blind, anyways, after identifying who the courier services were and what them guys and gals looked liked, lol, okay that surprised me too, enough female couriers so there is no employment discrimination problems, but let's not digress, u get the insane picture, i found the guy and the gal who go from here too here and don't care and greased them with lifelong supply of squid for two weeks, hey, u get what u pay for
I must say, I have no idea who the author or strategist is, what can be said though is, it's in the charts
now please note, this is all handwritten, a little chicken scratchy, but i believe my deciphering is close enough for the clowns
5-21
Austere Bear Plan: Proceeding as planned. Replecating spring 07.
OPPF- Companies who make special stuff that other people pay for (OPPF) are now controlled by us. Most notable any government sponsored hand out, think ag ag ag and biotech. roflmao, like insurers are really gonna pay 100g's for meds when there sales are dying
UCULS- This is still and ongoing issue, yet, as we have predicted, anything u could use alot less of and still get by are slowly fading. T and VZ, another war to the bottom brought to u by sprint, we are doing are ramp up on cable too short into the good old summer time when no one is watching
NUG- Okay, I have toot my own horn here, it's crazy how stupd people are. The no upgrade business cycle is working out swimmingly, check out all the bagholders on DELL, roflmao, hey u idiots, cars last 100k now, as do so much other shit u don't need. Yes, we now control dell, csco, orcl...........hpq and ibm, nyet, but we do have lot's of little others, please check out NOK, when people have no mo money ur old cheap phone is fine and nok is toast now let's get aggresive and add some jam on these teckies
MNIS- My name is earl, or oil, lol. Every bait and switch has some bait, oil, lol, so 2008, it's the drillers babeeeeeeee, which of course we control. As predicted using less oil and since we have nat gas and coal out the ying yangeeeeee and zero growth, to the doom alice, to the doom
Shang HIGH, with all symbols now optionable we are working our magic to contorl these also, it's taking time, going as planned.
VCR Strategy, since we control all velocity, we have extrapolated our complexity to the point where we now believe reality lasts about 33 days, 14 days behind and 19 days forward, thus as planned, June 10th is next panic date, lol, while everyone is thinking world cup we will be thinking no volume and complete dominace.
LONG- long auto parts retailers and all dollar stores, when money is dear and we are all austere, garage mechanics and an increase in nominal paycheck to paycheck earners, and or, unemployed, they will rome the small dollar stores happy they can still buy essentials on the cheap
Landing Zone, 3,300 down from somehwere up here to about 7k over the good old summer time, the desired outcome is a soft landing, we still have no clear date on the landing just that it will come
Signed...............
Last Chance
Snort...
Snort...
Bellysnort!!!
The Turdman is NOT a conspiracy theorist. But there is so much disinformation out there...
With that in mind, does anyone have any thoughts on this? Is there even a 1% chance that this is accurate?
http://www.eutimes.net/2010/05/us-orders-blackout-over-north-korean-torp...
Wow.
I put this in the "unlikely_but_possible * high_impact" category. So, this is a classic Taleb black swan (i.e., the markets are not calibrated against it).
It's certainly plausible: North Korea has been trying to start a war for years, its people are starving, and they are going to fall to their own people if they don't get something soon. In the past, they get free gifts from world leaders when they make trouble, so this is hardly new.
The North Korean attack on the South Korean ship isn't a rumor -- that's real. This is certainly consistent.
That's just it, Mikla, and I didn't realize the SKorea connection to the rig till I read this.At any rate, in the upside-down world we currently inhabit, nothing would surprise me.
fwiw, i oepned this link and got a attacked by a vioent virus, not saying you did it, just noting it for others
Shit, that sucks. Sorry!
I'm on a mac so I didn't notice anything.
Thanks Clown
The March 2009 lows won't hold.
Updated DOW daily and weekly charts:
http://stockmarket618.wordpress.com
http://www.zerohedge.com/forum/latest-market-outlook-1
Super - I respect it and see the weekly chart is bearish, but how do you come up with March 2009 lows (about 7K or so) won't hold. That is a very bold prediction.
You're welcome, Sandy.
Obviously, it was all toungue and cheek, yet, I have a master list of charts I follow, 750, ranked by sector size.
General observations are these:
A. new high stocks, either double tops or big diamond patterns
B. middle of range, very bearish, lot's of death crosses, and heavy heavy volume over last month
C. making new lows, bad sales or overleveraged.........non-retail, ie, brcd, bsx, pfe.........ie, nothing wrong with companies per say, just future is very obvious, lower sales
My general philosphy has always been Peter Lynch, "GROWTH IN SALES LEADS TO GROWTH IN EARNINGS"
I invested/traded off of this little gem, the general public always has an extra 25 bucks a month for whatever, I upped it too 50 in this decade............this also translated worlwide during this decade.
Now, we have the big 3 Europe, USA, China..........70% of Gross World Dollar Production..........credit cotinues to contract, it is no longer the general public in 2 of these 3 countries have an extra 50, they are now short 50-100..........................
You take the law of large numbers, and even though it's small dollars the volume adds up overall.............
After the ASIAN contagion, and Long Term Capital, QE and lowered interest rates led to huge volumes of dollars gaining control of commodities, while things adjusted..........................
Now, with ZIRP, at essentially zero and not going anywhere, especially lower, you've had a market dominated since the Asain contagion with A. interest rates, now they can't go lower B. commodities, led the middle of the decade, yet, austerity will really hurt these companies, C. currencies, what we are seeing is a world financial market dominated by elephants trampling in the currency jungle.....................
I'm not smart enough to know what will happen with a currency merry go round, yet, our us of a charts, are screaming at me austerity is coming, and rather than Growth in Sales Leading to Growht in Earnings, prices are re-adjusting for flat growth, or slowing growth for many and the effects on balance sheets
On a side not, commercial real estate, I live in a rich county in Texax, within five minutes 8 major shopping centers at intersection busy intersections.............last 3 months what should I see, empty spaces in the front of the shopping centers, ie, the premiere spaces next to major grocery stores, or major big boxes, like I said, Austerity, the Austere Bear, a slow chinese water torture down to let distribution take place.
good luck too all
Great post!