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Where's The "Buy The Dip Mentality" Today?
While yesterday saw the mainstream media cock-a-hoop at the fact that we pulled 'off-the-lows' with the phrase "buy the dip mentality" parrotted prayer-like every minute of the afternoon. Overnight shenanigans saw that BTFD mentality come and then quickly go and now the US market is fading fast. USDJPY has broken below 101 and US equity markets are testing below yesterday's lows... Treasury yields are now low on the week for the long-bond; gold and silver are holding up as JPY strength is weakening the USD broadly. Meanwhile, European peripheral debt is getting monkey-hammered (worst 2 days in 8 months)...
and the other major JPY carry funded idiocy - European sovereigns - are getting carried out...
with the worst 2 days in 8 months...
Perhaps this sums it all up.. (h/t @sheparillo)
Though Maria B's insight yesterday was invaluable...
"...but in my opinion, ... I would have to believe in the buy on the dip mentality for the US and Japan
...traders say if the market there opens up [which it did before collapsing!!!], it will be a clear sign that new money is once again ready to pounce, particularly given the fact that 30% of the accounts in the US are sitting in cash. That money eventually will want to go to work, and right now, there's no other game in town besides the stock market if you are looking for any kind of return or yield."
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"Game" is right
Short trading day today so not much time to screw around. Thinking the algos are turned down to 2 or 3 because they are afraid the low volume will divulge their true manipulations.
Here's a little something to ponder....the only other two times that we had an intraday reversal of 1% at the top of the S&P was in 2000 and 2008...just sayin.
2000 and 2007.....just sayin.
looks like tyler spoke too soon. the btfd'ers will be around, until they're crushed. dip is being bought.
moOAAAARRRR!!!!
However, the nonsense didn't start there ... many fake out drops before a giant rise over the typical curve. My graph of it:
http://flic.kr/p/enJ7Cs
Economic Russian Roulette.
Hit "support" today, then rally Tuesday!
BTFD!!
Hmmmmm. "Memorial Day." Hmmmmmm.
Don't overthink it. It's the Friday before a holiday wknd so the market isn't going to close down big. End of story. It's only 10:30.
Is Tuesday a POMO day even with the holiday?
We won't have the Monday dip 'cause markets are closed.
1.25-1.75B on Tuesday
The only one buying the fuckin dip ever was Bernank.
Really not sure why Stoploss got junked here. Roughly $10 billion in POMO to work through on a short week next week, including a $5 billion day on Friday. Yeah, it's "rigged" and "unfair", but the Fed doesn't give a fuck about fairness.
...with 5 bullets and 1 empty chamber.
Maria B is my guru: I only trade her advice.
Someone wake up FUCKHEAD Bernank to buy the market.
"It's a holiday!" Our markets are closed...
There's some dip buying going on, just not in that dogshit.
http://blog.quantsig.net/2013/05/24/btcusd/
jesus that quote by maria b just shows you how fked we are. whereas it was once housing nows its global stocks. will not end well
You're pretty much screwed once you're quickly losing your looks, and you're a complete and total dumbass.
I hope she got a good price when she sold her soul to the dark side...
voice like a circular saw and thighs like a rock crusher
LAUGHING MY ASS OFF AND EVERYONWE IS LOOKIGN AT ME
"there ish no other game in town beshides the shtock market"
It was stocks before housing - late 90s early 00s. Now it's bonds and ultimately currencies.
During a hyperinflation, the DJIA could theoretically soar to 100,000 but be worth only 1,500 in today's terms.
Maria! You ignorant slut!
long hand cuffs
is that you, Jane?
Dan, its Dan, not Jane.
One of the best skits ever on SNL:
http://www.youtube.com/watch?v=k80nW6AOhTs
Most whores sell their bodies for money. Maria sells her mouth for money.
Well, in her defense, that's probably just because nobody would buy her body, so it's really her only option.
Come on, the "Abby Joseph Cohen" is the hot new look.
it's a man baby http://www.youtube.com/watch?v=WgOIEGz7o_s
Buy on the dip mentality.
Never heard of it.
Buy on the dip mentality.
Never heard of it.
Dips buy at the top mentality.
Thank you for giving me a good chuckle!
Buy on the dip mentally.
Buy now or be priced out forever
"No other game in town" - as Faber says, liquidate and run for cover the moment you hear that.
Where else you gonna put your money cash on the sidelines buy on the dip mentality stocks are cheap great bond rotation don't fight the fed.
Simple, no POMO today.
In a place where there's already greatly limited/diminished returns (POMO MOMO for stocks only - the rest of the economy and the world be damned), we're now seeing the law of diminishing returns happen there too...what now Ben, Obummer? Look at the diminishing returns on debt itself:
http://4.bp.blogspot.com/_pCDyiFUv9XU/S6UGAnsGArI/AAAAAAAAI8s/1wHV7ehjQd...(2).jpg
Little doubt we close less than 0.1% down to green today..... Movement as always is after the euroclose....
Wait for the close of the European markets. Buy about 29 minutes before.
Or....or wait until Netflix is up > 2% and then buy a footwear maker x 2 while shorting MBS.
Ah - we've such a great foundation for an economy!
The object of Bloomberg and CNBC (particularly the latter) is to pump up stocks as much as possible so that the BROKERAGE HOUSES that sponsor them make bucketloads of money.
investor wait when the market wreck they run
Jesus, let it pull back. Even the central planner idiots know you need to reset the oscillators - though I was getting a little worried.
Bartiromo is such a banker whore.
"New money is ready to pounce."
No Maria, you mean "New money is ready to get trounced."
I'm pretty sure she would sell her Mother for Soylent Green if it meant 500+ points on the DOW.
Nowhere in her conversations or observations do ethics and morality intrude.
40%+ on the Nikkei and this is not a central banker bubble but "putting money to work"?
WTF!?!?
Go ahead folks, "put your money to work" generating bonuses for Wall Street and the banks so they can get bailed out again and get bonuses while you lose 40% when the current bubble bursts.
Fucking twat.
when she says new money she really means new money, hot off the press from bernanke's basement.
it's friday before holiday weekend ... it will come.
And tuesday is POMO-day!
Great time to be all cash.
What exactly is cash/money? Is it something that has a Government Stamp on it? Or is it something else?
Yep, that's what I'm afraid of, too. On Monday while everyone is out grilling weiners (for reasons they're unsure of) a lot of bad things may be happening.
It's on its way to the Hamptons of course!
No sooner than this was posted - here come the BTFDer's.
BTFDers are trying to protect yesterday's low. If that breaks we get another 10 ES down. What would be a real treat would be to see selling get aggressive and fill the 5/3 opening gap down to 1600/1610. That will get everyone thinking over the weekend.
http://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=logarithmic&chdeh=1&chfdeh=0&chdet=1369425600000&chddm=1144&chls=IntervalBasedLine&cmpto=NYSEARCA:USO&cmptdms=0&q=NYSEARCA:SPY&&fct=big&ei=CHqfUbiWKrDH0AGCowE
Buy the dip, sell the vol.
Whenever I watch Maria B., I'm reminded of a question my friend once asked a French porn actress: "What's the difference between what you do and what a streetwalker does?" To which she answered, "50,000 francs." I'm sure Maria is also well compensated for her expertise. Geez, at least the porn actress isn't persuading honest folks to gamble away their retirements…
I don't know... in this day and age, 50000 francs is a lot of money for most people, and somebody's gotta pay for that.
what the porn actress does is honest work. maria, not so much.
No wonder Maria B. is such a darling of the financial world. In her mind one equals two.
To wit:
Maria B: "So what has changed? In a word, not much."
Chevy Chase impersonator: "Maria, you mindless, brain-dead, cock-hoarding slut, 'not much' is two words."
Emily Litella: "Never mind."
Dow Jones hourly "nothing but up" has broke trend on Wednesday.
http://bullandbearmash.com/chart/dow-jones-hourly-closes-channel-support...
Between Ben and Barry, they're going to have to buy the daily volume to keep this market going up - never say never though.
buy the dip, and get rewarded with bernanke jubucks
"Front Selling" into a crash.
i will buy the dip when the dow and s&p are at 5000 and 600 respectively.
until then, this man here is not putting shit into this ponzi scheme.
also, when all the banks need to be bailed out, let them fucking fail, they r the scum of earth anyway.
there is only 1 way for this to recover, and that is to crash the markets. there is no other way this can end, none whatsoever.
the sooner we crash, the sooner we recover.
Amen, brother.
MSM is running articles about "Doomsday investors betting on market crash." Is this going to be the narrative? That short-selling killed the market? That's whay they claimed in 08 and even tried to outlaw shorting stocks...until somebody somwhere had their "thinking corrected".
Where is your patience my friend? The PPT is still at breakfast.
You think S&P 600 will hold?
Do you think Maria swallows?
There it is.
It's Friday Dude - who wants to spec out over a 3 day weekend with Europe coming apart. Tuesdays are the buy the dip days - aren't you following the numbers?
more like squeeze the pimple until it pops mentality
Jim Cramer showed me a map yesterday to point out the U.S. does not live in Japan. BTFD!
If by "dip" they mean S&P 600, then yes, I am standing by with dry powder.
As usual the market rebounds right when ZH puts this story out; almost to the tick. God I love fading Tyler. He, Biederman and Dr. Gloom keep giving me reason to be long. If I even sense a hint of bullishness out of any of these guys, I am reversing course and shorting this market
What "market" are you speaking of?