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AAPL, Market Go Vertical On House Conference Call News
It appears that our expectation for a 3:35 pm rumor was some 45 minutes too late. No sooner than headlines crossed the wires that:
- *U.S. HOUSE SAID TO PLAN 6:30 P.M. SESSION ON DEC. 30
- *REPUBLICAN AIDE REPORTS FROM HOUSE MEMBERS' CONFERENCE CALL
then stocks ramped instantly to their VWAPs and beyond... efficient markets? whocouldanode? This way at least, when nothing happens on Sunday night, as nothing will (as it comes three days before Boehner's reelection), the flashbacks to the TARP 1 vote will be front and center, but the good news is that the downside will be limited by the limit down barrier in ES.
S&P 500 futures...
AAPL...
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Yep. That's an efficient market. Discounting future cash flows of fiction.
YES!!!
Hope floats, change sinks & rumors VWAP!!!
(And a rising tide lifts all sewage for a little while longer)
Joe Weaselfailure has a Boom! chart that he drew with a crayola crayon showing a few of his favorite things, such as "Scott Brown's Bottom," and "Boner's Ramp."
I keep asking myself when are we taking these piggies to the market? Why do we keep feeding Congress piggies when they're so useless. I'm all for a cut in spending. Disolve the entire herd of pigs in DC and on Wall Street and see how far we can get with our hard earned incomes. The barn is too full and we need to make some room. The Wall Street breed of pigs is scamming the population out of their money and the DC pigs are aiding and abeting the Wall Street pigs in the process because it benefits them. Two breeds of pigs have taken over the barn and everyone else is suffering. A good cleanse and culling of the herd is long overdue.
They're cutting support to about 2 million unemployed instantly. Nobody cares. Keep these 2 million on the trough and reduce the number of fat pigs. A whole lot of lean and mean piggies can survive on the same rations we're feeding to the fat pigs.
How much money have those congress cocksuckers made in options trading this inside info?
Apple defies gravity (despite the findings of Newton). Meanwhile gold treads water (despite having the heaviest specific gravity of the elements)
It's public record somewhere, just look it up. If they've built an option around whatever they wanted to, there should be a tonne of paper work associated with it. Always paper work somewhere on any financial offering. You would need to find out who they bank with, that can be obtained with a looksie at where their children live. Most of these families get involved with their childrens finances/home purchases and act as the second signature to obtain the best rate for their kids using their credit and name to do so. That should give you the bank.
Start sniffing around from there.
Not so sure about that CPL, unless you and I understand it differently. I think the reference was to buying equity options with illegal information. If I was a Congressman and I wanted to unethically buy S&P calls off of this info (repetitive terms I know; Congressman and unethical), I would do it through my brokerage firm (or some shadow account) neither of which would have anything to do with my local bank or where my kids live.
If someone wanted to sniff, I would seek the brokerage firm of the Congressperson (if I knew it) and maybe someone who works there. It bothers me how easily and with little whim the customer service people at my brokerage house look into my account. If I had a friend on the inside... ooooohhh boooy!!!
Is No Illegal Trading for Congress
Hey guys and gals, don't forget, SEC regs concerning trading on non-public material inside information does not apply to our August Honorable Public Servants in the Congress.
Remember?
They wuz gonna tak care that a year or so ago?
And they did naught, nada, zip, zilch, still legal for them pigs more equal than other pigs.
thanks for the reminder knukles. forgot about that little gem. I'm gonna go back to my general gnashing of teeth and ripping of garments. The only thing that gets me through the day is that there WILL be judgement of these scum... in this world or the next.
"there WILL be judgement of these scum... in this world or the next."
Amen, my brother.
This is the reason for which Judgement and Hell were created.
What makes you think we are not living in hell already?
It reminds me of an episode of 'The Outer Limits' in which a ship of humans is frantically trying to escape a hoard of alien invaders who require human hosts to survive. The humans make a narrow escape from their horrific demise; only to find out at the end that they were indeed overrun and subdued and the aliens injected them with a chemical which allowed them to dream that they actually escaped.
I like the way you think CPL.
How much? The answer is, one metric shit-ton of money. But since insider trader is 100% legal for members of Congress, you can't say they are breaking any laws. All they are doing is taking advantage of their position to better themselves at the expense of the taxpayer.
Wait. Are you saying that's bad?
So fuckin predictable. These Shysters know the next big one will be the last big one for a very long time. They need to keep it up forever now, they own the market and no one is their to sell it to. Retail is out and Hedge funds know the game all to well to be suckered in. The only ones holding the bag are long only mutual funds.
Just amazing levitation displayed.
They could make an honest fortune in ED treatment.
Can they cast their VOTE on a conference call????
I dont think so.
LOL!! WE'RE GONNA HAVE A CONFERENCE CALL, THAT OUGHT TA FIX IT!!
The European Way
Exactly. Haven't we seen this script play out before? How many "Merkel and Draghi agree to meet" headlines did Europe throw out to prevent their markets from crashing, only to not accomplish much of anything.
Yup, VWAP'd again!
get 'em all drunk w/ plenty of hookers (male and female) and see if they will sign at 11:59 pm on 12/31/12
Retail investors went all in on the news. SNARK
Will some one with half an operating irradiated Fukushima brain, please update the House Press Gallery??
OR SHUT THE FUCK UP ABOUT A MEETING NOT IN THE DAILY PRESS RELEASE.
For fucks sake..
Thank you.
Shit.
Good citizens of Metropolis.
I see deflation.
We might get another housing crash.
Gold and silver will take a hit.
You will all lose your shirts.
But relax.
I also see dead people.
http://www.angrysinner.blogspot.kr/2012/12/yesterday-dragon-lady-served-spare-ribs.html
This is unhealthy.
Everyone should read The Great Crash...the behavior is almost identical.
unhealthy????let me help you out homie...
THE STOCK MARKET IS A FUCKING RIGGED, MANIPULATED FUCKING BANKER CASINO!!!
where's the rocket ship ramp in the only 2 forms of real money which having been sold ofF all fucking month in the phony paper futures market only to trade sideways all fucking day during this Fiscal Cliff charade!!!!!!!!
FUCK YOU BERNANKE AND YOUR BITCH ASS SOCIOPATH BANKER COCKSUCKER BRETHREN!!!!!
Hey Kaiser, when are you gonna let us know how you REALLY feel?
my fucking pleasure....
Am feelin you bro. . . still its a kinda Magic
Careful with your words, a few real casino may sue you for slander.
http://www.businessspectator.com.au/bs.nsf/Article/US-fiscal-cliff-Congress-tax-spending-cuts-pd20121125-2DEJD?OpenDocument&emcontent_spectators&WELCOME=AUTHENTICATED%20REMEMBER
Who is the author?
John Kenneth Galbraith. He's a Keynesian, but sticks to the facts in this book and leaves opinion/philosophy out of it. You'd think he was writing about 2012 reading it.
thanks
Been "unhealthy" for 40 years. My only question is when does the piper get paid?
Average people are starting to take notice, though. E.g. My girlfriend's mother (a baby boomer) was here over Christmas, and she said she was thinking about getting out of the stock market entirely because something didn't feel right, and she's afraid of losing her life savings. This woman plays everything by the book and is very pro establishment. If these types follow intuition and start cashing out of the casino...
Well, nothing will happen, we'll just have a month straight of Rule 48.
She accounts for .oooooooooooooooo1% of the market today, so her taking money out won't even register. There are no retail investors anymore, only idiots throwing their life savings away that believe the scam that they can get rich without work. That somehow the Roths, the Rocks, and the Morgs will let them.
Well corporations do produce goods and services, so they have value. I have no idea if old money is scamming everyone...that falls into paranoia and conspiracy, which I try like hell to avoid. I have 20% in PMs just in case I need it, and then forget about that side of the argument.
Stocks are overpriced but that will correct through the next few earning seasons. I still think this deflationary cycle puts the DOW at 8500 at some point. That seems fair market value given the economic climate and without the FED enabling leverage/speculation.
You try like hell to avoid paranoia and conspiracy and you're reading ZeroHedge?
Agreed everyone starting with Ben B! Ya?
buying the dip (in treasuries) all the way down...thanks bernanke, you FK!
Righteous Bucks...
~~~
~ Jeff Spicoli
All we need are some tasty waves and a cool buzz .... The doctor said this market can be huffed for a long time before any permanent damage occurs
http://www.youtube.com/watch?v=uf5rIuJPTt0
Heads, they win, tails,,,they win too!
Nope, Heads, they win, heads they win... there is no tails on this coin. But there is fat tail lurking elsewhere....
Best two out of three...
~~~
http://www.youtube.com/watch?v=33L-CigE_b0
Elsewhere like FX and US Tsys?
Let us put that way, the 30 years yield is way to low in relation to inflation expectations. Don t know which way it will play out though, if this is the inflation expectation which normalize against TSY (S&P bearish, Gold so-so, TSY slightly up), or inflation expectations which keep rising (Treasuries bearish, Gold bullish), or the Treasuries market rallies like mad on the upside while inflation expectation stay at 2.55% (TSY would risk a pullback, Gold would get very volatile on the upside).
I do not know the resolution, but I would go short treasuries, short overpriced consumer discreationary US, long selective China stocks, Long Gold, short some Brazilian consumption stocks (hedge against long equities China).
TAILS! I always bet tails.
But he is using a two headed coin.
So, I always bet tails. It's principle. Can't change now.
Circus and Circus and more Circus...
Giving you a thumbs up! 2 if you had added Clowns to the lat circus.
I feel like I'm watching a snuff film.
Unfortunately, we are the snuffee's.
May i recommend The History Of Snuff?... be warned, its exciting.
http://www.youtube.com/watch?v=ZNFIYByVXCE
You will find that a pinch of snuff is most efficacious.
applesauce
The entire U.S. equity market is a complete laughing stock. Just ridiculous.
Way to go Wall Street!
. . . that's all folks. . .
i heard a rumour. . .
Follow the NASDAQ100 folks.
http://bullandbearmash.com/chart/nasdaq100-hourly-gaps-50-points-hour-re...
AAPL will be hard pressed to move in the opposite direction of this index. Equally, AAPL will be hard pressed to outperform the index.
AAPL follows the NASDAQ100 closely.
http://bullandbearmash.com/saved-bundle-nasdaq100-apple-september/
It is about 20% of the Q's, no? So no surprise given all the closet indexers out there.
It is about 20% of the Q's, no? So no surprise given all the closet indexers out there.
It would have bounced even without that. If not today, it would have bounced tomorrow, or Monday.
It can't drop. It's impossible to drop. Since Primary Dealers basically own everything at this point, their only option is to keep selling to each other until the order comes to create a black hole underneath.
It's this simple.
The order will come when the economy will use the last drops of crude oil available for consumption, but plentifully stored in onshore and offshore tankers.
I don't drive so I was shocked to see gasoline at $1.05 a litre yesterday when it was $1.29 a litre in the summer.
Where is $1.05 liter? Where do you live?
It's gona fall way, way, way more. At a blip of an eye.
Winnipeg MB. It is $1.06 most places and 1 dollar a litre at Domo.
. . .aaalll right, don't play hard to get, it's a freee world, all you have to do is fall in love, Play the Game; Evveerybody Play the Game. . .
House?? What about the Senate? Thought it was the Senate that needed to vote on the 2 plans the house passed?
Details, details
Half hour early on the rumor today.
So are they planning to plan a house recall or is it a proposal on planning to
plan it ?
Everybody wants the cliff, but nobody wants the blame. That's the only game.
In KronyKomradeKapitalist Amerika, Cliff & Mountain Come To You!
Boehner just ordered that millions of dollars be spent in airfares, hotels etc for congresmen for just a show.
Maybe they are coming back to clean out their desks and moving back home after filing their resignation letters.....one can dream can´t one
A true Christmas miracle that would be. +1
I can rent'em space in my Mom's basement
House is not coming back.
Remember, they were the only ones who did anything.
So, now, Harry is crying...
Too bad, so sad.
Ok cool. I am gonna sit tight and be right.
Steve Jobs should have been man of the year.
ES ramped up to the 50% line [ (H+L)/2 ]. Its been interesting how often the 50% line is equal to VWAP by the end of day. A the moment of the Liar's Ramp, the 50% line (for ES) was 1407.25
So will Geithner be down on bended knee to John Boehner?
ridiculous
LaLa Land
Hey?
Whut just happened to my short positions?
Sucks to be me.
Yeah Salon.
U forgot to look around the table to identify the sucker.
I believe this shit goes on, even when civilions are at least 7 months on barter, the same bs as from this side of the pond. Boehner/Barosso bs months after i threw my phone in the toilet and work for a local farmer after 3 months on catfood.
Shit man! I was just getting good at making "Origami Black swans"... Now I got's to make some paper " Red herrings"...
i could not take you oh so serious really, when you called and said you'd seen a UFO.
He told you, too?
YC, whatchu tellin' every body our secret?
We promised Ogg and Buzap we wasn't gonna tell about the anal exams....
Ramp that ES !!!!!
THEY ARE GOING TO PRINT MONEY SO WE ARE ALL NOT GONNA DIE.....HOOOORAH!!!!!!!
So, a free iPad mini for all must be part of Plan C, D, E, F...
Her we go the other way.
How far can the robots push this POS back down, now that the "Public" is "all in?"
did I miss something?
yawn!!! covered some spx 1420+ shorts @ 1404....went to ride my bike....came back...saw that low was 1402...and now pumped to 1414 = yawn !!!
same yawn when i was riding my shorts and pumped to 1447 = i called the TOP...added more shorts...
now i can reload those shorts that i covered today @ 1404....at 1414...while keeping most of my short core position intact. !!!
wake me up when spx below 1000 = cover all shorts
Hegemony has a name in the manipulatd market : its called the SPike!
And remember, Caesar's lesson : it lasted three centuries! Caramba!
You guys don't read your own thinking.
There is no market. There is only HFT driven by headline reading algorithms. Stop trading. Just stop. Take your money out and buy farmland.
Do you really think that 10 years from now you'd regret it?
It's even worse than that.
Primary Dealers have removed most of stocks from the market and retail is gone. So, HFTs are killing each other over some crums left to fight over like hienas in winter.
F that. I am going to go get a Bentley or something nice. At least I will have something to show for it.
This IS a clown show and I am just going to sit back and wait for the flash crash. I like it when stocks go to zero
You need a million man march on DC with all million men carrying an AR-15.
When the paychecks to the goverment workers bounce, then my friend, that might happen.
. . . at least they have their sub- sidised canteens to fall back on!
That's one big AR-15.
(oh...)
If I say any words at all to my dog, using the same voice tone as the command "sit", she'll sit every time. The market is no different and, frankly, no brighter. Just tell the sheep that Boehner is meeting with...er, scratch that...tell them that Boehner is facing the direction in which the White House lies, and the market will respond. 'Bots have no discernment and the rest of the sheep are just too much in denial to see reality.
Nothing good comes from that lot on a Sunday evening.
I kinda like when these DC whores move the market, it's so predictable... gonna be tough if we ever have to trade on real info again...lol
Government agrees to screw citizens and future generations!
http://confoundedinterest.wordpress.com/2012/12/24/santelli-if-the-fisca...
Who cares what happens. The end is already written.
hey i've found the animal spirits!!!!
http://www1.skysports.com/darts/
Love the media. Ist a headline in USA Today: Consumer Confidence Falls on Fiscal Cliff Fears. Then Bloomberg: Consumer Comfort in US Hovers Near Strongest Since March 2008. What a circus!
. . . I love a party when it's got an Atmosphere. . .
IT'S GOING GREEN!!!!
Naah. I don't think so. That'd be too, too blatant.
I'd say the order to the desks of primary dealers will come to stop at -2 or so.
I'm afraid I was wrong
Nope. They'll do whatever they can to get or keep it green. It's perfect for all the volume trend followers. Green close on heavy volume is considered bullish even if it's by a point.
House of Reps email sent this morning - "Get SPY call options in place by 2pm today"
CNBC loves this off the lows bullshit.
Wall St. has always been full of liars but now it extends to the financial media. Congress has had it's share of liars and yes now ordinary citizens keep voting for the liars. We all need to look in the mirror.
HURRY !!! BUY HIGH !!!
spx low was 1402...but NOW you can buy it for 1417...
on Sunday 12-30-12:
either SELL ON THE NEWS (TARP like news) OR SELL bc fiscal cliff...
either way sell-off !!
Set up the straw man, knock him down. What a joke. The so called fiscal cliff isn't even the issue. The issue is intractable spending and money printing to pay the bills, along with central planning doubling down on idiocy.
"Hey, let's follow Japan's model since it's worked SO well for 20 years."
. . . people/sheeple that despise you, will analyse and criticise you, they'll tell lies until they realise you, are someone they should apologise too. Don't let them people compromise you, be awise to; You! can do anything you wanna do; it's not wrong what i say its true; you can do Anything!!!
Sunday? 6:30pm? Isn't it obvious?
Cowboys vs. Redskins bitchez!
Don't worry... Crapo's taking a cab.
ZH headlines are now contrarian indicator! he he By the time they get the trend and put it into html format it reverses.
We come here today not as democrats or republicans but as Amerikans working in a single party way to socialize... um I mean nationalize all your stuff...
who have your fone?
it was me, i bought an e-mini
For what it's worth,,,, this just plain sucks: ESH3 +1.75. What a waste.
Is there ANYONE left who actually believes there is something called a "free market"?
NO we covered it already 16 trillion dollars ago.
Dow is now positive after being down 140 points today!
I planned a "session" beginning at 6:30 at my house too. I think we'll have way more fun at my house than they will at their "house." At least the "ladies" will look better!!! You're all invited.
White House officials said Thursday that President Barack Obama will not send a fiscal cliff measure to Capitol Hill, while Republicans insisted they were expecting more details on the president's proposal.
An aide to Senate GOP leader Mitch McConnell, R-Kentucky, said the senator expected further details soon on what Obama and Democrats were proposing.
A Senate Democratic leadership member also said that more details would be provided. Both sources spoke to CNN on condition of not being identified further.
However, two White House officials, speaking on condition of anonymity, said the president was not sending a proposal to Congress.
Such parsing of words and interpretations showed the high political sensitivity over how the fiscal cliff negotiations are being portrayed to the public.
House leaders announced the chamber would reconvene on Sunday and could stay in session through January 2, before a new Congress gets sworn in on January 3.
This is fucking distgusting!
They could meet on Saturday, but there'd be a lot of member missing..
Let me guess, instead of the ball, they're planning to drop the budget from the debt ceiling in Times Square at midnight on Dec 31. Becky Quick will be covering the event along with Kathy Lee and Hoda Kotb.
All short term noise and nonsense.
Long term, this pig hasn't got a prayer.
We are so far over the cliff it's not even funny. This is pure theater at this point. No Congress or president has the balls to admit the failures.
McConnel: 4 pm eastern
"Aint nothin' changed mofo's. Hope you enjoyed the vertical hopium ramp."
May Skynet have mercy on us (not all, just us). Its free to wreak order where due howver.
Sois de risa los americanos
If I get a teardrop tattoo, do the welfare checks come to the house or is it direct deposit?
Reid speaking on cpsan now not painting a pretty picture of negatiations. Pretty much sounds liek nothing is being done.
So 'markets' jump because they are going to have a meeting?
Hmmm, why not just say they are thinking of having a meeting, that would be good for infinitiy gains because they could just keep delaying it, then reannounce it again
There... fiscal cliff averted .... easy...
Harry Reid is an ignorant asshole who knows no other way forward than to blame everyone in the House for why nothing is getting done in the Senate. Amazing.
Wow, congress is going to meet. What exciting news. We're all saved.
chart looks like my cock in the morning :)
chart looks like my cock in the morning :)
I liked the one where the banksters called the President in and said, "If you don't give us 700 billion there will be marshal law and riots in the streets."
$AAPL will lead the market lower.
What a wonderful reference, "AAPL, Market"