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What goES Up, Must Plunge Down
And just as the regular traing session, which is now obviously composed exlusively of the occasional bipolar lunatic and a whole lot of 'buy only' algorithms, levitated stocks above the inferno of Japanese reality, so the after hours session provides a convenient buffer for all those who have access to daily ES trading to take advantage of old mom and pop who are stuck with their IBM shares until tomorrow's gap down, and reintroduce gravity to the equation. Behold afterhours futures trading, er, sliding. Japan opens in an hour and a half. Bring your fireman's helmet.
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1270s now. Whatever, same thing can happen overnight back to 1250s, you'll know where to gun for tomorrow with your longs. I.e. higher.
WTF are you talking about? You are the asshat that was calling for higher markets not three hours ago. Shut it, you fuck! Calling lower levels now are you?
Got it...zerocred!
Yes, i called for a higher market at close, and what happened?
We can get to a lower level overnight than the close, thats fine. I just dont see us getting lower low - barred any meltdown. I suggest you re-read my post from earlier today as it seems youre quite gun-ho with mindless responses.
Well, I think you should fuck off, you twat. I know what you said, and I know what you are. In volatile markets, guys like you are utterly fucking useless. One or two 180 degree twists from now will make my point.
So my suggestion is that you should dig down into your pants and find your stones, you fuck!
I dug, but all i found were your SPY $134 longs.
are you the bipolar lunatic TD is talking about?
no
yes
That was pretty funny, douche bag or not.
I am not feeling the love here fellow ZHers.
Wow its getting chippy around here. Everybody should calm down. We have technical breakdowns in almost all indexes. Below 50 dma, and 10 dma beginning to cross 50 dma in most indexes. They can't hold this thing up forever. But the harder they try the better chance for a one off crash adjustment.
The thinking espoused on this site will be proven unequivocally right eventually.
http://www.youtube.com/watch?v=xRQnJyP77tY
I am.......
What a useless douche bag. You made your call today late afternoon [after the reversal was HOURS old]. If you measure the progress of the VXX from the point of your call until now, you will see how your useless call became diametrically opposed to the VXX price action [which is long vol...since you seem intellectually limited].
But if you want to be a big talking hero...make your call 30 minutes into the open market session...ok hero!
And do me a favor and try not to reffer to me when you are digging you your pants, you fuck.
If you knew the first thing about me, you would know I predominantly sell short...and would NEVER buy calls on the useless Roach Motel [SPY].
But hey...whatever it takes to keep your fantasy afloat that you are a hero day trader extraordinaire!
lol. Firstly, VXX is a horrible proxy for a vol play. Im gonna assume you know the most obvious reasons..
Secondly, what i (or anyone on teh interwebs) says is up to them. Even if theyre wrong. In my case, i'm not wrong (yet...) though i realize i could be. Until then i stand by my comment that were going higher. If we don't, thats a shame, you can bust out your meany words then.
Finally, you were the one that brought up my pants, digging, and stones (im assuming you alluded to my balls this way - VERY clever!) so again, i urge you to re-read things before you post. It won't make you look like a fool later.
Again, an utterly useless post.
You are right, you can say whatever you like here. And I can tell you what I think of your bitch posts.
We'll talk in the morning then. Maybe then you will be ready to commit to some sort of feasible strategy.
As for me, I am well aware of the issues associate with VXX...and then again I am aware of a tremendous price dislocation there [between the near and the spot] that I'm pretty sure is going to work nicely.
We shall see, zerocred.
Cbad relax - Zero is one of the few active posters with financial/trading experience; too bad same can't be said about you...
You might want to check yourself before you wreck yourself
What's your opinion on Canadian lumber companies going forward? Someone from there suggested that lumber might be the next gold because of massive 2x4 construction efforts when the proverbial dust (hopefully not nuclear) has settled in Japan. Rebuilding 1 million houses or so with Canadian lumber would have a considerable upside for that otherwise down and out industry following the US housing crash.
Love it. Am not personally invested in any so wouldnt know what specific reco's to give, but we still have much cheaper lumber rates than the States. Despite NAFTA, the US imposes a ridiculous VAT on most lumber imports from the provinces (to the US). This makes our lumber slightly less competitive, but i remember reading it was still cheaper than finding an American producer.
Applying this to Japan, I doubt theres any sort of FTA there, and plus you have Russia who's much closer with the same endless reserves of wood.. but all in all it seems like a low risk/higher reward bet. Also worth looking into some metal plays like silver and aluminum which will need to be used up and are mined here.
I was just thinking, "Aluminum?"
Seems that metal would conform more to earthquake building codes than wood. I'm just guessing, though.
Buildings need to be flexible rather then just have a high compression strength.
Long Bamboo Bitches.
might be something to consider.
is there even enough bamboo to build 1 million dwellings from?
We don't need no stinking Pandas.
www.youtube.com/watch?v=UsRUyB5EnFg
What are you, some kind of cork soaker?
ice holes
Bamboo ETF!!
Oh and just read the article you were talking about, good read. This stands out:
I did not know that. Thanks for the information, fellas.
:D
____
We should keep in mind, too, that it was the massive maves that did most of the damage.
Absolutely. You wouldn't see wood being used in heavy industrial uses like the skyscrapers in Tokyo, but i think the context of this wood demand is for all the (unfortunately) lower class that lost their homes, hence from lesser quality materials; weaker wood. Im really not familiar on the natural resource situation in Japan (Agri fields? Some energy?) but im assuming their forests arent too abundant especially after the devastating tsunami.
Condos, 3 and 4 stories high can be built from lumber.
Some are mixed usage with retail on the lower floor.
If I remember correctly the time to build with 2x4 or 2x6 and OSB and plywood is much quicker and cheaper than the steel and concrete process.
Not sure what the Japanese had in terms of construction before, but from the devastation you can see that they're familiar with wood construction.
They will need shelter and quick. Once this fucking reactor cools down, they can start to pick up and get at it.
Funding will be a major issue for all this. The banks have 70 year mortgages on the books already. Debt at 200% GDP doesn't help either.
Imo there's going to be a debt reset or debt jubilee before long. No other way out.
4 stories (at least in US) is the limit on wood/"stick based" construction. Whether that is better for earthquakes, do not know.
What resources are available for wood construction in high seismic areas and why build with wood in earthquake-prone areas?
http://www.awc.org/helpoutreach/faq/FAQfiles/seismic_design.html
That's a thought! Light pliable metal, and easily alloyed. I'm just too tired, to spell malleable. Could work.
I was thinking "lead". It protects you from radiation, you know.
Lead is too heavy. we need a copper/lead/aluminum mix- with a tiny bit of nickle.
Zeropower
Correct me if I am wrong, but Canada smelts a lot of aluminum (from cheap Hydro power) but I am unaware of any bauxite mining in the Great White North.
Yes, definitely lots of smelting going on. For bauxite, up until recently ive heard as well there werent any mines in Canada but i think they were either found and not being mined specifically for bauxite yet or simply were waiting on gov regs to allow actual mining.
A company to check out is Rio Tinto, they claim to have reserves at some of their mines - recent F/S might shed some light.
edit: did a search for bauxite on the TSX and Venture, quite a few show up. Again not sure if they have actual mines or merely smelters like you said, but something to look into.
Canfor
Can they use irradiated wood? it seems thats whats coming next.
The wood is not as bad as the Chinese drywall. Russia's lumber might be worse off yet.
I agree and a big FUK U SHIMA to my junker! Eat irradiated shit.
http://www.financialpost.com/news/Canadian+paper+forestry+firms+could+help+rebuild+Japan/4444722/story.html
The stocks they mention all seem a little rich at this point.
The Japanese favoured wood frame construction after the Kobe quake in '95 - elasticity of wood fiber being better choice then concrete, no reason to think it wouldn't be the same this time around. Bigger opportunity for timber industry will be the message this disaster sends China in choice of building materials.
That's a thought. Man though, all I can really think about right now is Japanese bonds, and just what a complete clusterfuck that's going to be, globally speaking.
the third largest economy in the world and a major trading partner with the US just took one of the most catastrophic hits any country could take short of being invaded and you somehow are delusional enough to think that we have had sufficient market correction already and it's blue skies and green fields ahead?
if this were a free market, you would be totally right and we could trade on fundamentals. But w/ fed injections US equities could hit two-year highs tomorrow.
It's going to be a crazy week. I just increased my silver holding's, and my copper/lead holding's.
I believe we are witnessing a financial and societal cascading failure pushed over the cliff by a biblical geological event. The speed of the collapse will only accelerate from here on out.
What, Michael? Surely you can find a way to blame the Jews for this. no?
BTH
Certainly it was the fault of the Jews. Isn't everything ?
/sarc
yup. Jews operating HAARP while making christian blood matzo.
Called out. Nice.
Biblical as in 'the bible' or biblical in proportions?
Any updates on the "Nikkei not opening" rumor?
latest is that it is opening
they're opening
Opening up HUGE.
Nuke scare is completely overblown.
http://bravenewclimate.com/2011/03/13/fukushima-simple-explanation/
Thud
Where are the gold pimps tonite?
..?
They've all left the building after realizing PMs and commodities are dead. No one is going to touch them after seeing how they performed vs all other asset classes today.
PMs and commodities were more less only underperformed by the Nikkei.
>> No one is going to touch them after seeing how they performed vs all other asset classes today. <<
Temporarily. But how the fuck do you think Japan is going to rebuild itself? Are they going to use paper currency, bond notes, and stock certificates as industrial construction material?
The bottom line is that this is positive for precious metals and commodities. They are injecting trillions of bullshit into their economy, and in need of hard goods to regenerate.
Hey, another retard with an attention span less than that of a gnat.
Still waiting on my $20 silver, douchebag.
Wait. 1 day isn't forever?
No. Way. Dude.
The Benwah Bernank printing like Mad.
The Euro being printed like Mad.
The Yen being printed like Mad.
So I should trade my Gold and Silver for Minilli Vannili albums and 8 track players, eh?
We're still pulling a train on your mom. Christ, she's up to 35 guys now, and still moaning like a whore. Honestly, I'm disgusted.
Further proof that one should never get into a vulgarity contest with a libertarian.
Without the benefit of discretion offered by the frontal lobe (missing, in this case), the lower brain stem is capable of some really low-brow, obnoxious shit.
Being 1). a repulsive, obnoxious pig and 2). a paranoid doomer goon seem to be the two hallmarks of the libertarian.
I was out buying, and increasing my holding's. Where were you? Probably trolling Zerohedge?
What I want to know is who is Shima? I mean it's pretty clear that the Japanese have something against Shima.
Fuk-u-Shima
it means "blessed island" or something similar like "lucky island". Shima is island.
williambanzai7, you're the one with the prophetic piece of art? something about godzilla and Japan if I remember CogDis' comment with any accuracy...link please?
Look at my ZH post from this morning.
All those Japanese pensions and insurance companies liquidating their overseas assets...Godzilla III
Repatriation has a whole new meaning now. Back to Bill Gross slamming the Ber_Nank for global inflation ... And why the disruptions to the global JIT system will be more severe than many believe possible.
tasteless like an upside down cross in a jar filled with urine
don't get tempted by the cheap
Perhaps, but if the MSM and lots of others want to keep pointing out the irony of Hiroshima, I will show what it looks like.
you follow the MSM?
now you're downgrading yourself faster than S&P and Moodies can downgrade Japanese debt!
stay above the crowd
peace.
Keep your friends close and your enemies closer.
Plus, the MSM has some really hot women telling the lies.
Bloomberg TV has a stable full of hotties.
OK, beleive me, I am very happy to see the bleeding in the US stock market. However, I am very worried about the people of Tokyo and other parts of Japan. If this 4th reator blows, and radiation really starts to spread, this could be one of the most devestating events in human history. We are talking about the 2nd largest city in the world going nuclear. While I want futures to go down, not even I would root for it to happen like this.
I appreciate your sentiments. Hopefully, all will be well.
All we ever really wanted was a level playing field anyway, Henry. We would never wish harm on anyone, especially of this tragic magnitude.
We are seeing how little the stock market means to people who are more concerned about survival.
"We are seeing how little the stock market means to people who are more concerned about survival."
Sage.
Unlike Larry Kudlow, the vast majority of the people here are not heartless.
Larry Kudlow has a heart.
It loves money, disregards people and enjoys the taste of his shoe.
Like we said, sometimes there is some cognitive dissonance associated with a true Black Swan...
http://thewhitemou.se/?p=111
I an not worried Crammer told me to just buy the dip.
Right, buy the dip just don't waste your time trying to buy KI. It's going fast.
The poster meant TZA.
Why buy something that I will not need?
I'm at the point of simply not caring.
So hear you, but TZA owes me 13K.
Is there a bottom to that chart? I don't see one.
There are not bottoms...nor are there any tops.
Barney Frank is a bottom.
Barack Obama is a bottom.
George W. Bush is a bottom.
Nancy Pelosi is a top.
Hilary Clinton is a top.
Dick Cheney is a top.
This is the beginning of the end of any hope that the Japanese can repay their bonds. While the default won't happen right away - it could take 12-24 months - the hit to the economy and the need to deficit spend further is the end of the Japanese bond market. A grand Jubilee by 2012...
but...but...Nippon can print!
And they are.
No offense Tyler..I have seen this story AH before. Because the buy only computers are sleeping, because there are no ETF to screw around with. The computers could care less if land of the Rising Sun would be come a mushroom cloud tomorrow! They would buy CMG and NFLX and every high beta, over shorter mother fucking stock they could. Christ the world is falling apart and green everywhere...good luck Chuck..Nothing except Nothing works in the market anymore except FED action Fed buying and computers period.
well, sleep soundly there, pal. there comes a point where all the reassuring stoicism the B-man muster won't stop this runaway train from careening off the tracks. we are quickly approaching the proverbial Buffalo nickel on the tracks.
BTFD -- you betcha!
8.5 points a plunge?
No dip buying here...once the Hedge funds start to short stocks go long YEN.
I mean some analysts start talking shit on rebuilding boom trades...what with Nuke dust floating about. I don't think so.
Personally, I'd be gettin' the fork outta there! Pronto!
Simple plot to this dystopian action film, starring the PDs, co-starring HFTs: Baad overnight news (ooohhh, noooo!) starts the countdown to ....[spoiler alert] buy-buy-buy.
The line seems to be nose-diving into the deep blue nothingness at the bottom of the graph. Maybe it's digging a hole to China. Oh wait...got my geography mixed up. They're drilling a hole to Las Vegas.
the sheep don't watch ah so neither do sack and frost.
This is like shooting fish in a barrel. Seriously, how many multinationals are going to make their quater.
Right.
It's monotonous...
http://www.youtube.com/watch?v=Q1KhY-9wwxo
didn't anyone see on tv this morning the PPT in action in the basement of the fed building??
has anyone been paying attention over the past 2 years?
BTFD
already retraced almost all the dip....simply amazing...
It's been a year since we've seen any real volatility. Wonder if the machines are flash-crash resistant this go around..
nflx was up 8% today
Name a short that wasn't badly burned.
CROX
In NFLX.
I think what is more amazing is that EWV swung from +15% to -1% in one trading session. If that's not BoJ intervention, I dunno what is...
Are you implying the markets are rigged?
See? There was a beautiful "dip" today so I jettisoned some useless fiat FRN trash and exchanged it for Teck common and a few calls on FCX. What would you rather own? U.S. FRN's or corporate America/Canada??
You NEVER short a reflationary spiral EVER. Look for a policy shift and then move. Overnight trillion Yen dump then the Fed minutes this afternoon and what do you get? NO POLICY SHIFT! So you BTFD and keep on trucking"...Rinse and repeat.
Do I like it? Fuck no but it beats getting chewed up short against the presses...Help me detect the big PS ("policy shift") and we will make a FORTUNE. I suspect it will be "Good News is Bad News" that starts the crash of 2011.
the Junkster
Bingo.
Rumor has it that Eric King has thrown in the towel and is now retiring.
He has recruited James Cramer to take his place.
Cramer is now touting his "bulletproof" portfolio, with names which have been totally unscathed and untarnished from this week's horrific geopolitical and nuclear events.
In this portfolio are stalwarts such as: WFMI, NFLX, SBUX, CMG, PNRA, TPX, DTG, etc.
All of which are consumer discretionary stocks.
Which no doubt, will probably be up again despite yet another 200 point drop, led by natural resource names.
Based on their inherent strength the last few days, Cramer predicts that the upside moves in these names will "Shock the World"...
Check out the stocks yourself, amazing how they refuse to sell off, and dip buying is simply voracious.
http://clearstation.etrade.com/cgi-bin/bbs?post_id=9675493
Why, not he only he is speaking the truth...PCLN... Everyone in Japan must be on the site today, planning a fucking trip to NY to buy coach bags and Tiffany watches...He said the same thing about TASR....computer can work both ways.....its not anything other then a video game now.
I miss the chicks with tits.
+2
+2
+3 (Total Recall) :P
Robot Trader isn't as funny as he used to be either.
After meltdowns; et. al.That about seals the deal, eh? Armageddon has commenced
Working on bankruptcy number 8, I see.
Gold goes down 2% and suddenly Eric King is "wrong"? Does that make you an absolute dumbshit when your precious consumer discretionaries go down 20%?
Seriously, what the fuck is your malfunction, boy?
Good one Robo! I heard the rumor as well. His first guest will be Lawrence Yun and DLTR has scooped up the prime ad slots to service the interested demo
yeah, but is the top in? - - - - - - -
Well, it's kinda like this...
The Buy Programs were not on all day, but did somehow know how to collectively kick on in earnest just at the day's low...in fact, the most substantive harmonic of Buy Programs for the entire ES trading day came on right at the low.
As usual, the smart money was selling into the afternoon high.
You can monitor changes to order flow momentum for free, in real-time, as the Buy and Sell algos do their thing here: http://www.algofutures.com/
Hope that you find this as interesting as I do.
Man alive! How can you look at this? Is it possible to change the colours? It is making my head spin!
P.S. No "www" in the address.
I heard the Market hit a circut breaker in about 7 minutes or less since open recently and some stocks never got out of bed early enough to even trade.
I expect a repeat again and again until this thing is settled. Trade fast with those super computers. You will need them before the next breaker slaps the place closed.
I have some bids I put in before hitting the sheets.
AVL 5.50
SSN 2.60
"I have some bids I put in before hitting the sheets.
AVL 5.50
SSN 2.60"
LOL LOL LOL
What amazes me is the rush into the perceived safety of the $ and T bonds, and the capitulation of the commodities, along with the P.M.'s and equities. What? People are not going to go to Mc.Donalds anymore now, nor buy toilet paper? And the hundreds of trillions worth of derivatives just got swallowed by the tsunami?
Buy the dips I say and dump bonds as fast as you can.
NEW YORK (Dow Jones)--Some investors say they view the 16%
plunge in Tokyo shares over the past two sessions as a buying
opportunity, and are poised to snap up Japanese equities.
Heh, are the Japanese bold enough to buy the dip???
LOL....
YOU need help.
Tyler, why do you let Robo post pics anyway?
In two consective posts the AssHat:
--posted pure BS and lies
--ripped off the KWN logo and used it without permission
--posted picture of Cramer
--followed it up with an anorexic Asian teen in a softporn pose
How much more sickness from this pervert are you going to allow on your site?
I for one enjoy ROBO's pictures...his opinions are never as good as the pictures(my all-time favorite is the slow-motion of putting on the dress.
18 is legal in every country on the planet.
Cute Asian girls are the cutest girls of all!
They're starving already?!?
Exactly
What part of 'tits' did you miss? Oh ya, 'tits'.
That there is a Child still. What? 12 going on 30?
Me love you long time. 5 Dollar Buku
When did this become a phedo site ?
Mature Snapper is always better for late/early snacks, coffee hour, breakfast, brunch, lunch, supper, second & third snacks, aperitif, dinner, dessert, pre, during and after club grub.
http://www.youtube.com/watch?v=KV8dJIglTyI
Why wait for Friday's to roll to The Second Room?
Japanese futures dropping fast, after strong US sesson.
no possible
JUST BUY THE FUCKING DIPS. Think Not!
How long do you think it takes for mutual/hedge funds to close their massive positions in Japan? Kobe it declined by 26%. Market was already overvalued. The retail investor is going to see this nuclear crisis and close all japanese positions. Why? 4 nuclear reactors failing, it only takes 1 to fail cataclysmically and then huge parts of Japan are uninhabitable
so much for the AH dip....
This has too be the longest epic sinking of any ship in human history.