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Dow 15,000 hats off.
And as the saying goes...
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Dont go Chasin' Waterfalls or
BTFD?
Tes of 50 DMA on ES (1604) either today, overnight, or tomorrow morning. BTFD at 1604, since we will bounce there like we have the last 3 times. Lower boundary of the upward channel. The POMO flows are still flowing and the WS greed is still good to go.
Keep fanning the fire faster...
"QUICK set the printing press hose to
biblical flood! Quantitative Easing FIVE!
No Dow Jones drop will ever get out
alive!" - Da Bernank
Biblical flood, that sounds ominous!!
WARNING: Do not short this market, we have seen pullbacks like this before in late February and mid April. Massive POMO tomorrow, Thursday is the new Tuesday.
Buy gold, silver, lead and booze and be merry bichez!
POMO to the rescue:
Don't worry guys, I have an allocation of a few million shares of SPY, I will start buying at 1PM and 1:38 PM. The market will just ramp up.. Wait and see...
/sarc/
Bullish for QE4 - FED direct purchase of any stock not up 50% in the past year.
SRZ question here, ladies.
If Japan and American markets are experiencing
outflows atm,
where is it all going?
Treasuries?
cash and gold.
not even kidding.
I think it's up to QE 4.5 or 5 or 6 by now
The Fed buying equities (and bonds) is the epitome of the free market!
No free market can exist, per definition, without a central organ standing by ready to manipulate, erm, I mean support selective asset classes.
Look it up. It's practically page 1 of the Federal Reserve handbook for the shee^H^H^H^H beneficiary public.
I'm hearing lower than 1604 re Daneric's although concensus building on that site is more and more difficult. You're right though, last three times we did bounce off that spongy floor. I'm just not so sure the current situation has the hallmarks of those previously. We will know sooner rather than later. I never bet against greed.
PS Repair in progress.
Illusion Of Safety.
Gives you that SOARING feeling.
MOAR FASTER!
Fuck these cunts lets do this thing............... get it onn.
Can I P-L-E-A-S-E sell my silver now? I'm getting tired of waiting for the crash.
I'll buy all you have at spot!
I'll buy all at a $5 premium.
$5.01
5.02
First crash. Then we talk.
I think "the crash" is when you buy
Sell your silver? That is good. I can see why you are called the Dead Canary. Lets chat when it goes over $50.00.
Well, I still have my Dow 10.000 hat. A little dusty but in good shape/.
Start checking out recipes so you can eat it, if required.
Ooooooh! So snarky!
Market is not liking Ms. Quick's new hair color
The carpet don't match the drapes.
Or that's what Warren told me ...
Anybody else notice she took my advice so often freely given over the years here on the Hedge and got some orthodontia?
You are one impressive influential dude, Knuks!
Dow 5000 hats on
Shit happens. Finance just faciltates trade, we are replacing this shit right now. The transition phase is a darker age but things are far too mechanical right now, too much waste, too much wealth consolidated in too few hands, too much ignorance and ultimatley nature selects.
"too much ignorance and ultimatley nature selects."
Yeah, but gas chambers and the gallows help speed nature up....
In the end we end up fighting for the survival of ourselves. The earth lives on and on and on. History illustrates this fact. This is a ZEROhedge.
Yeah, no shit. Do you think I have any illusions about dying or surviving? The fact that I'm going to die at some point in the next 30 or 40 years is the only thing that keeps me going. In the meantime, however, it would be WONDERFUL if we could force a bunch of very deserving people into large, very lethal gas chambers. What part of what I wrote don't you get?
My bad, I'm totally on board.
Can someone please tell me which dip to buy?
The one 5 years ago.
so is this the high to sell into (yes) and if so "what am i buying and why."
French Onion.
Down to two fingernails..
It puts the DOW 14000 hat ON!!
We are in the Twilight Zone. How will this turn out? BADLY!
I want suicides first, and then murders to clean up all those who were too chickenshit to off themselves....
This is not the dip you're looking for. If you're looking for dip right now his name is Jim Cramer.
Edit. 2.08 on the ten year.
They've the lost the gains of a single month, 2% maybe? Oh the humanity!
your right in the trend but better be buckled in. She closes over 2.10 today and sees 2.13 tomorrow...
Sayonara
off
Please keep your arms and legs inside the vehicle at all times....
Welcome to Jurassic Park....
At least when you're losing on the 777's in Vegas you get free drinks and can smoke.
There were warning signs on monday's daily Dow.
http://bullandbearmash.com/chart/dow-jones-started-slowly-closed-dip/
A close below 14900 should help the bear case.
Big POMO day tomorrow.
nuttin like the smell of fresh squeezed shorts in the morning..... smells like manipulation.,......
Sell now or forever hold your POS ETF.
As I said yesterday, tapering has already started few weeks ago.
These are trials as to how to handle the inevitable full halt (I am not talking about unwinding).
Taper schmaper before this is all over with the fed will be buying moar. The buying doesn't stop until they are ready to pull the uh on the whole system. This is just Ben pushing the ten year back down below 2%.
Ben is out. Ben is irrelevant. He made that very clear himself.
We will see an even bigger dove in there to replace him. Obama isn't going to nominate a Fisher for anything.
The position of Fed chairman has become irrelevant.
White House is ruling by executive orders on IRS, on wiretaping journalists, on Benghazi and on......academics like the Fed.
White House rules. PERIOD (And I am saying 'white house', not Obama).
Which is why Barack OLenin will appoint a dove.
"The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation."
Barack OLenin
At this point it's all irrelevant they're out of ammo.
you will see 120B a month long before you see 0.... You will see all kinds of democraptic jobs bills and public works spending. Just need another 5% down bubble.... Oh the humanity of the sequester.........
Hm, no.
They said they're buying 85b/month but they were buying $200b/month most probably in reality.
Hey just an FYI..I don't junk your posts. I value your input as insightful, I just happen to disagree with portions of it.
Oh, I know that but I wouldn't mind at all if you junked them.
It's a debate. The whole point of a debate is to show disagreement, otherwise it's not a debate.
Agreed. I like to keep my debates respectful. It doesn't do them any good to junk them up with noise.
Darn, I listened to CNBS and bought a "DOW 16K" ball cap.
Now its worthless! Can I get a ballcap bailout?
"no. but you can get bailout cap!" ye olde "dog catches car" moment. shall we all go in and start shorting treasuries to the moon now? ALL TOGETHER NOW!
No hold onto it. Once hyperinflation kicks in we'll hit 16,000 in no time.
Wait, Abe is doing what Ben is doing. Just doing it bigger. I thought bigger is better?
So, we blame our problems on people that do what we do?
http://www.youtube.com/watch?v=eieOoUUl9RY
(link opens in new window/tab)
Bullish
Selling some put spreads from Mondays ramp. Still short here. The sad part, however, if the markets do crash, it will be the regular Joe that gets hurt again and not the TBTF corporations.
short..."from where." you said "here." if you're "short here" that means you're buying (borrowing) THEN selling. also if you're "selling put spreads on Monday" that means "you're selling into strength." are you clairvoyant or something? what was the plan to begin with? or do you just not have one and you're going back to your (day) Trading job of pounding the crap out of Fannie and Fred.
I bought put spreads on Monday and sold them today for more money than I paid for them. You see, the put spread is worth more today than it was Monday when I bought it. You spend money to buy a spread. I was able to sell it for more money today. I am still short (stocks) because I have not covered all of the open positions. But when you purchase a put spread for $1 on Monday and it trades for $2 two days later (this is not a day trade by the way), it is wise to take what is known as profit. And as far as being clairvoyant is concerned, I will admit that I am not (or else I would be a day trader), hence why I bought put spreads instead of just atm puts (which of course I am kicking myself for doing). I did notice last week on Tuesday, even though we finished higher, we had a nice midday reversal. I took a chance and it worked out. I have not covered all of my short positions that I have initiated in the last week but I am also not pressing today. Which is why I sold put spreads for more money than I paid for them.
I am not a day trader nor have I been designated as a day trader by my broker.
Um... What brand of coffee do you drink?
Hey, that's wordy.
Today's news would be enough for me to move the economic doomsday clock forward 30 seconds from 11:45 pm.
There's a rare beast on ZH: a bullish optimist.
Green'd for the balls.
I blame ZH and their POMOphobia. They forced the FED out of the closet and they got camera shy on Tuesday and now the god damn dow is below 15,000. Abe is fucked, Bernanke is fucked Holder is fucked and I'm going fishing.
So now the fish are fucked as well?
Holder is fucked?
I'll drink to that.
Dow Peaked at around 15,500. A 10% bear market drop brings it down to 14000. At 14990, we have a ways to go (7%)
dude we are less than 4% off the highs Chill......... call me when we get to 24% off the highs....
Ow my balls. Damn you Cramer, Tepper, Fink, and Maria, you lying bastards.
Kermit
Everybody knows that jet fuel burning industrial averages DON'T collapse....
sweet
Soon you will all see why more Bernagger Beast is more gooder and less Bernagger Beast is dumb!
when the dow hits 12000 it'll be time to worry about skyfall.
Some say it'll be in 2013, I say you never can underestimate the Oligarchy knee jerk to protect what is already stashed in Caymans.
The big n rich are now pointing to the HF shadow banking laggards and saying : these guys need to get pole axed.
I wonder if inflation will grab the Dow by the small hairs and drag it to 20K before it ever finds 12K.
Mind you, this is not a good thing. 20K under hyperinflation is absolutely TEOTWAWKI.
So, what do we figure the odds to be on Fed 'tapering' now? Yeah. They fucked up. We've known for 5 years that they fucked up. The Fed has erectile disfunction, and hot money flows are about to come home to roost. This is the endgame we all knew would find us. EVERYONE knew it! HOPE was never a viable investment strategy! All I have left to say is, sell ALL paper, strap in, and enjoy the show.
fed is fucked , they will crash this thing if the fed stops printing.
Thompson-Reuters reporting that they released the ISM 15 Milliseconds early this morning.
Bunch of shares traded before "official" release time by HFT algos sniffing Reuters.
Wonder what the kickback on that was?
Stocks tank, and the 10Y is down 3%. Why?
Selling Treasuries to BTFD (not me, but...)
dumb money rotating from stocks to bonds...... this time there isnt a place to hide....
Price is falling, not yield. Bond Price should be inverse of DOW, but they are following each other.
JUMP, you f--kers...! Death to passive armchair mutual fundees...
There MUST be some penalty in this life for taking idiotic risks or for avoiding risk altogether by following the herd.
And here's the gold pounding: only about $6 on the break so far.
That was a short-lived and limp-wristed pounding.
DOW Back over 15k nap time, faulse alarm, that was close ....
Bernankieeee stick save
My 15,000 hat is a fedora.
Here comes the 3:30pm rally to save the 15000 mark!
Is this what one of those Omen thingys looks like?
Looking at the trannies ($TRAN) on stockcharts - interesting analogy to the 2010 to 2011 runup followed by a dump. All we need is for a gubbermint (US *or* Japan *or* EU nannycrat) to do something really stupid and we could carry on the analogy. Then again stupidity in this market might not be required, just some outgassing from the Big Bananas in the Cavendish Club (see Hugh Hendry).
NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!
BBBBBBBBBBBBBBBBBBEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEENNNNNNNNNNNNNNNNNNN!
Where are you Ben? Think of the bonuses! The pooor little bonuses!
And the Wall St. hookers will be deprived of the trickle down.
"What goes up must come down
spinning wheel got to go round
Talking about your troubles it's a crying sin
Ride a painted pony
Let the spinning wheel spin"
..and the FTSE 100 down c140 into the close. It's on now bitchachos! Wheeee......
Time to turn this up to 11. It's louder, aint it?