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Cliff-On; Risk-Off
Headline GDP better than expected (but ugly underneath); claims weak (moar QE); pending home sales (beat - confirmation bias). All is well, right? Stocks surged up to their highs of the day and Pisani proclaimed a deal is close (apparently). And then, one politician uttered those terrifying words:
- REP. VAN HOLLEN SAYS ON MSNBC `WE'RE NOT CLOSE TO A DEAL'
and stocks dive almost instantaneously on large volume (even as most clueless algos google the name and most get hits of a certain 1980s rock band)... happy trading until 1130ET when Boehner will host a press conference.
Retesting back up to VWAP now as we all await Boehner's speech at 1130ET
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ADD to SHORT @ spx 1415
added to spx 1403
black friday shorts...RODE since then...was thinking about covering yesterday when spx @ 1385....but didn't, that's ok...i didn't know boehner was about to speak, until HOURS after he spoke...LOL !!! that's ok... that's what happens when you enjoy life, = you don't watch casino every second, or hour.
next week spx sub 1350 = cover then !!! OR IF your stupid cover now = AT THE TOP OF THE DEAD CAT BOUNCE !!
Technical signals point to this move as the top - especially if we end today lower than the close. That would set us up for some downside action tomorrow and next week. Gravestone doji's, shooting stars, up to 50 dma, overbought conditions... everything technical is pointing lower from here. But who knows - the market is rigged.....
http://stockcharts.com/h-sc/ui?s=SPY&p=D&yr=0&mn=3&dy=0&id=p91748748804
http://stockcharts.com/h-sc/ui?s=QQQ&p=D&yr=0&mn=3&dy=0&id=p42665538167
http://stockcharts.com/h-sc/ui?s=AAPL&p=D&yr=0&mn=3&dy=0&id=p99120960514
http://stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=0&mn=3&dy=0&id=p44589035528
As we have often seen over the last few years neither technicals nor fundamentals matter until and unless "the hand" wants them to matter.
Seek medical attention if you experience a Boehner for more than 4 hours.
Circle Jerk of Irrational Exuberance
So, your out of the money now and you blame it on a DEAD CAT BOUNCE??
Crazy Rabbit
This is not a healthy market. Although I would love to short it, I'm staying in cash.
Be careful, the market is about to be jawBoehned higher.
It doesn't matter who "boehners" it. These fuckers on both sides are already going to raise the debt ceiling, so what is the point of these "fiscal cliff" talks other than goose Twitter throughput and provide fodder for the algos.
Dirty Muppet Laundry
'to zedbama' is a synonym for 'to corzine'?
How does one treat for whiplash?
<Stay out of the market greater fool.>
<< (Except [of course] if you're a professional. /sarc)>>
Yeah but still over 1400/13,000...
DavidC
EVERY ONE HERE KNOWS A FEW THINGS:
1- THERE WILL BE A DEAL
2- MARKET WILL GO FULL RETARD ON THE DEAL.
3- ITS FUCKED UP
If this would happen, and there's a likely possibility that it will, the fall will be even bigger.
No deal until January. USA downgraded by Fitch in January. Market crashes and Obama can instute his new changes to the Constitution.
Does he get to pack the Supreme Court with 12 "Justice-y" people and declare a 3rd term, too?
Depends...the Zionist Jew FED owners may just as likely have the script written for another market crash churn and burn time...we mere goyim dont know.
We know how the play acts out, ceiling raised, US downgraded into the sewer, mass rally.
The owners of the Fed are Luciferian and not Jewish. It's important the right people and their system get the blame when the torches and pitchforks come out into the streets.
How about we just call them fractional reserve bankers?
Then everybody can hate them.
pods
Fairy tales arent real and 'lucifer' doesnt exist. Theyre Jews.
Time for another Boehner...
Some Morning Wood on the way.
Already had mine, but thanks for caring. :)
Me too, more like Pine than oak
If I was being honest (which I am not) it would be more like a weeping willow. :)
That's what Van Hollen says. But what does David Lee Roth say about the deal?
Might as well Jump...
+1
5150, baybee.
<sniff>
"Congress got a plan, man. Ain't funny what they're doing with our money, but the deals are burnin like the wheels are turnin and next year's gonna a fine time for a mind like mine."
5150 was Van Hagar-no relation to the other
5150 is the police code for mentally ill folks in California...there's a very telling hint in the album title.
(I do understand he's over all that stuff these days.)
What about OU812, then?
Or The Mind Is A Terrible Thing to Taste?!!! [okay, it's Ministry, but still...]
"There have been spontaneous demonstrations by party workers, voicing gratitude and joy," and "The system will eat itself" bitchez.
Full album:
http://www.youtube.com/watch?v=skFa-Qj6ZQE
Fugazi'd markets?
Fugazi - Waiting RoomI was always more amused by The Revolting Cocks.
David Lee Roth is willing to make the deal in Washington Square Park
DLR is jewish-so he is privvy to Wall St insider news
'Runnin' with the Devil?'
Gotta love Howie Mandel
That's OK, Obama will be in Oahu when I am. I will see if I can meet and talk with him about just crashing this whole system and getting the reset started.
He only takes orders and follows the plans of his Jew puppeteers.
fuck you pisani you sell side fuckstick asstoy!
I hate that MFer more than anyone on that channel- and that is saying something
Pissonme is gayer than a 3 dollar bill, and his wife doesn't even know
Not your favorite? Pisani is living proof that any asswipe can get a job at CNBS
Well, they had to have at least one minority guy on the show.
Bob Pissonme, the literal, textbook definition of "washout" & the Andrea Gail of real estate develoment
If Pisani and Ron Insana opened a fund, that'd be epic (epic failure to the nth power)
its all so stupid
3Q GDP revision of 2.7 was beter than last, but worse than the expected 2.8%
LOL all we've got now is politicians tag-teaming equities! Gotta love this shit!
Yahoo Finance totally un-navigable as of 30 minutes ago.
Feels like a Denial of Service attack.
Reported to police and regulatory authorities.
Call da PO-LEECE!
Venerability, I followed a discussion of yours on SA concerning PZG but it ended in early November. Is there any update since then that you would be willing to share? THanks
I hope they don't get a deal done. This country, especially the top, needs pain.
But what does Junker say??????
boehner to speak again??
say ZH...he's to speak @ 11:30 EST = 0830 PST for me. 1 hr from now.....i have a "stupid" quesiton, so if you flip a coin twice and get heads, do you get heads on the 3rd time (boehner speak 3rd time) = NO !!
So is the pie growing or are traders fighting over remaining crumbs?
wash, rinse, repeat. All sounds like the EU.
Seriously...MSNBC? What's the viewing audience there? A couple thousand ? The robots must be grasping for anything they can. I think we should do a twitter bomb and see what happens.
their audience consists of a few thousand dykes that watch Rachel Dildo.
I'm thinking all 6 viewers sold their mutual funds
Dont worry its all priced in.
The resulting reflex gag will assume its all bullshit anyhow.....
Forward comrades, the cliff of hades awaits.....
If and when they finally get a deal done. The market will probably sell the news!
Indubitarily.
More interested in the bond market reaction.
Unless 4 trillion in cuts are part of the deal(not),rates will rise whatever
Zimbabwe Ben does.
A lot of burnt fingers coming either way.
Q: What does the "Fiscal Cliff" crisis have in common with 9/11 and the 2008 financial crisis?
A: There is a plan in place before the even occurs, and the politicians will have written/read NONE of it.
9/11=Patriot Act I & II
2008 financial crisis=TARP
"Fiscal Cliff"=???
As always, we, the sheeple, will be the last to know.
We now return to your regularly-scheduled program, already in progress.
It's fiscal ping pong.. what could possibly go wrong?
Resistance is futile....Ben will outprint any doubters....To infinite and beyond!
The pending house sales rally, dutifully ramped on twitter by those that should know better, has to have been one of the shortest rallies of the last five years; it lasted all of 97 seconds, and many fingers were burnt in the stampede to get out the door.
#banality
What the puck do I care? Outside of "pattern confirmation" most States in the Union are beyond bankrupt now anyways.
Just like the debt ceiling debacle the politicians are looking for their moment in the spotlight , but in the end they will reach a deal and it will be heralded throughout the land that they were able to " solve" the problem that they created in the first place.
I can't believe anyone listens to anything, "fiscal cliff". Just like all the election hype I really do not care and switch the channel at the mere mention. Everything is BS. I am reduced to Imus in the morning because at least he realizes he is also BS and makes fun of it.
Imus is a class act. He has stood the test of time. I remember listening to him on wnbc in the 70's as a kid when i went to work with my father in the summer. Great memories.
What interest is it for Bohner to get a deal done? They've already been destoyed post election and a deal would make them look even weaker. A lap dog for Obama if you will.
Yea, RISK OFF, SPX only up 7 handles and will close less that 20 up.
This is the big collapse!!!! Get your puts now!
Boehner went " limp dick"... 1/2 life 12 hours!