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Terrific Tuesday Traders Searching For Better Buying Prices
While there are still many hours left in the day... Tuesday does not appear too terrific right now... another triple-digit range in the Dow and high-beta homebuilders at week's lows (down 3%)... news is few and far between but modest strength in JPY (and NKY -200 from its earlier highs) and chatter over SAC's liquidation is to blame for now (though yesterday's perfect 50% bounce suggested it was always short-lived)...
Finally news broke at around 1pm ET that the BoJ's REIT-buying program was approaching its limit and that seems to have coincided with a leg down in homebuilders (and the market)...
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Dennis Lockhart: Fed officials are committed to stimulus despite "mixed signals"!!!!!!!!!!!!!!!!!
http://hedge.ly/1aY36r0
Fed members are pieces of meat. They have zero power.
Crapped academics who collect high salaries and speech fees.
Keynes made me do it.
The sheep must have jumped in at the end of the day yesterday in anticipation of another terrific Tuesday. Over the cliff they gooooo!
Roulette table just hit green, you all lose bitchez
What's a poor paperchasing monkey to do?! LOL!
The tell that this market is going much lower and now are T rates still at 2.13% w/ markets on their lows...markets must go down or rates rally w/ market to end day at 2.20% +.
NOT A BUYER OF THIS DIP
I have been saying the 10yr capped the market. Capped it hard too. It looks like if we want to see 1.75% again we have a long way to drop.
Market takedown solves immediate Fed issues - pushes rates down plus kills taper talk and initiates QE increase that is essential to Fed maintaining control.
CNBC is marching out Merideth Whitney right now to say she has NEVER been more bullish on equities. it looks like the btfd crowd is going to fight very hard to avoid the much needed knockdown. if we close off the lows I will go nuts. I will also btfd.
Fonz -
rates must go down...everything depends upon this.
The whole game depends upon a further takedown in T yields...invest accordingly
think bigger, get the banks short treasuries, long gold and short the market. then let the motherfucker blow sky high. Then the next tanks on the street moment is not bailout time it's bail in time with a huge side of "market forced" spending cuts.
Interest rate swaps depend on low rates, it is correct.
The whole misleading stands on the lie that the Fed will not allow another Lehman due to derivative implosion.
Its' the opposite. The Fed is looking for the maximum damage possible by luring as many suckers as possible.
If market doesn't tank today.......I'll be wrong :).
I'm with you Ham, it may tank, it may not tank. But the big tank is when, as ekm says, the banks are positioned and rising rates inflict max pain. Think of how much fun they will have when rates explode higher and we are threatened with massive spending cuts or we get no food on the shelves.
cui bono? I just think they'll keep going to maintain the system even if it's just for one more day, they'll keep going.
I hear you, my take is, whatever way it shakes out, the system will be fine, many of us won't.
I am not sure why they keep pussyfooting around with these systematically important instututions, which imply a bailout. Something sneaky is going on there.
Terrific Tuesdays? Important Institutions?
~~~
"Permit me then, in lieu of the more commonplace sobriquet... to suggest the character of this dramatis persona... Voilà!... In view, a humble vaudevillian veteran… cast vicariously as both victim and villain by the vicissitudes of fate... This visage, no mere veneer of vanity… is a vestige of the vox populi, now vacant, vanished... However, this valorous visitation of a bygone vexation stands vivified… and has vowed to vanquish these venal and virulent vermin vanguarding vice… and vouchsafing the violently vicious and voracious violation of volition... The only verdict is vengeance, a vendetta… held as a votive not in vain, for the value and veracity of such… shall one day vindicate the vigilant and the virtuous... Verily, this vichyssoise of verbiage veers most verbose... So let me simply add that it’s my very good honor to meet you… and you may call me V..."
WHERE'S MY POMOOOOOOO WAAAAAAAAAAAAAAAAAA
2 hours left.
The traders will come back to trading after they close out their porn.
Watch for hi-volume, EOD.
Never fails..........there is no market.......It's all for TV now
Money Honey putting on her pig lipstick:'we're off our lows'!
Fuck it
Treasuries must get a bid. Sorvereign debt must expand, less the ponzi explodes... same as it ever was.
Check out this ...
http://www.bloomberg.com/news/2013-06-04/u-s-treasuries-decline-with-10-year-yields-rising-to-2-14-.html
...I'm listening to Anthrax - This is not an exit...how fitting!
Simple.
TAPERING = TESTING before full halt (in process right now)
Tapering happening since few weeks ago I'd say.
Tapering = lip service to mow the grass of front runners...
Listen to LoP... treasuries must get a bid... this is all.
Nothing is more important than preservation of dollar as world currency.
World is going with currency swaps, including allies.
Crude oil has been over $90 for 2 years already.
Something's gotta give. QE was dead in January 2013,
So what. we muddle through, everyone is in the same boat, yet the U.S. military remains the "world's police" and essentially every bank and corporation in the west is now Fed/U.S. gov dependent. The liabiities get funded and we continue to muddle along, or they don't and we implode (not saying it will be bullshit "tanks in the streets"), but the power and control will be lost, and that is what this is really all about.
Currency swaps are a disaster for the dollar.
"Currency swaps are a disaster for all fiat"- Fixed. The only economies that don't care if their fiat is crushed are those with a strong manufacturing base. Who would have thunk it?
Once they give it a name, its done
the BTFD'ers have been trained for a long time ... it's now time bait and switch ...
Pavlov does not have shit on the Central Bankers
But....it's...Tuesday!
the selling came out of nowhere.
was there any comment by anybody that led to this?
im watching my level 2, and the market had been choppy entire day, trading green, then red, but in certain range. then out of nowhere, it goes from down 20 to down 100 in seconds.
something must have happened
Bank of Japan ain't buying shitty houses any longer....checks to FED
A butterfly flapped its wings in the Amazon...
As I've been saying, the market is a non-linear dynamic feedaback control system that follows chaos theory. Therefore, one of the few key insights we have about chaotic behavior is that it bifurcates for apparently no good reason at all. The evolutive behaviour of the system can change enormously with an infinitesimal change in the initial conditions.
Until next time,
Engineer
?
Here.
watch a pendulum.
http://www.youtube.com/watch?v=Tpyx-wUTGKg
FUCK. GET. ME. OUT
wtf no pomo tuesday... well 2h still left XD
hahahaa
The Bernake is just fueling up his chopper, he'll be in on wall st in no time.
whaaaa? but it's tuuuuuuuuesssday!
It looked like another BTFD setup, but the MACD was so over bought, it didn't appear probable.
http://bullandbearmash.com/chart/sp500-daily-falls-early-closes-dip/
And probable it isn't.
" Due to today's probable lower close, Chairman Bernanke will quadruple the monthly printing, to340 billion dollars."
Jon Hilsenrath,WSJ
yen-penny parity achieved (again)
will a person in Japan spend the effort to pick up a yen found in a parking lot?
The aluminum content in a 1 yen coin is worth 3 yen. Good luck finding a smelter though.
So I don't need to read "Tuesday's with Bernanke" now?
it would be so fucking funny if the market came back and ended green.
i think i would die of laughter.
i want a blood bath every day and wouldnt mind one today, but if there is any day for the market to come back from a triple digit loss to finish green it would be to funny if it happened today.
On the 21st Tuesday the fed tried tapering and behold it wasn't very good.
and the bernank said: Let your bonuses be fruitful and multiply.
ZH - More antithetical analysis please. Thanks.
The ramp to green today will be the single greatest event in United States Economic History. Next Tuesday will be better still...forever and ever and ever....market redrum.
The Chinese dating ad is getting bustier and bustier....must be that "new" milk formulation over there.
lets see how bernanke does in the clutch.
he has a 20 game tuesday up day streak on the line, lets see how clutch he is now.
will he go down fighting like a true competitor, or will he just concede today?
He'll probably just opt to shear all the sheeple who bought the sure thing this morning.
If I liked it at 1645, I'll be making it an omelette at 1625.
It reality, my day-trading analysis (occasionally correct) indicates at least a mini-rebound will ensue by the time this posts, at least up to the 5-period MA)
Sure why not....there's always room for a wafer-thin mint!
Mr. Creosote - clip - YouTube
Parrots daytrading, and sheep watching YouTube videos -- sounds remarkably like an FOMC meeting, doesn't it ?
Well, we made it there on the Russell, my vehicle of choice, and it looks like the S&P is just about there as well, so I've earned a cracker (great to see that a bird can be trained to daytrade, and to post on ZH as well). The question is: will it push another pivot higher, just below VWAP, or do a mini bull trap and turn down to an even lower pivot, another 70 DOW points lower ? My guess is that we end the day close to the current pivot point, as it's 'no man's land' below the lowest pivot, and it's hard to imagine a Tuesday giving us a 200+ down day. Would love to see it, but will those in control allow it -- I think not.
They'll allow it, when they FEEL like allowing it! And no warning will be given you can be sure of that.
Yahoo headline talks about "streak at risk" - story doesn't elaborate what streak they talking about
because yahoo news is for brain dead fucking sheeple.
Does BoJ buy Japanese REITs or American REITS or both/neither?
They just switched 'Tuesdays' to Mondays instead
Isn't it great that the BOJ is directly buying US equities.
Ohhhhh I see! The price WASN'T right!!
Now 'BTFD'ers' are bargain shoppers and while last Tuesday the price WAS right, 7 days later prices are deemed 'just a bit too high'.
Call Bob Barker in to proclaim the price IS right!
I have to say that with 20 weeks of evidence behind us, anyone who hasn't bought some calls for today's foregone conclusion (big late rally) has to be kicking themselves in the ass.
You are correct and I often do kick my self in the ass. It is such infamity what they are doing that I resist at an emotional level to believe that the market can be so predictive and that the POMO guys can be so stupid to repeat over and over what is ex - ante a clear highway robbery of the weak hard working american. These guys truly deserve to be bathed in hot tar and fethered. Our ancestors had the right ideas about fethering...
Until next time,
Engineer
Grab your seats the POMO drive is coming... 2:37 to the rescue...
2:53p and Ben and Barry are buying up volume faster than a crew of sailors on shore leave at a hooker's convention.
HERE WE GO! TRIPLE LEVERED UP!
Easy money. "Get to Work" ben. know your place. heel and print.
Once POMO Tuesday go headlines from CNBS, you KNEW it was over. Bob Pisani's coverage has now made "POMO Tuesday" as chic a trade BTFD in AAPL.
The new "Chic trade" is to Front Run Tuesday POMO!
Now it's suddenly the new dumbass trade. AH what a difference 1 day makes!
Axioms have to be proved
All Green by 4.30.
Betcha.
This is the Hope and Change generation!
Must. Pump. Stawks moar.
Or, time to shear all the sheeple! We'll never know which or when.
you cant make this shit up. market has a very good chance to finish green.
if it does, i will laugh and puke at same time.
330p - only 6 points to pump on the S&P500.
Go Barry. Go Ben. Spend that print you fucking assholes.
It's almsot 4:00 time for the Magical Market Pixies to come in and start sprinkling their dust.
LET'S GO GREEN !!!!
WAHOOOOOOOOOOO!!!!!
What a fucked up manipulated piece of shit market. Breadth is shit, new low list expanding, yields rising and they still pull the hockey stick. Fuck you algos.
only 4 points to go in 20 minutes.
BUY MOAR!!!! BUY FASTER!!!!!
12 minutes until it goes green and closes
edit: well I guess there's always pomo wednesday
FUCK POMO Tuesday!
FUCK POMO! Now we have the CRASH set-up.
Holy shit, I'm not color blind! I'm saving a screen shot of the market close today. (It's a F**KING miracle)
alright, I wanna know who fugged up!
Must....Buy.....But Lower....Must....Be....Lower....
One of my coworkers stuck his head in my office this am, telling me he was BTFD. lol. To the 50DMA and below!
WTF was that? Around 150 point DOW swing in just a half hour? Fuckin nuts.
I wouldn't touch this diseased whore of a market with Krugmans dick.