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"Not" Off-The-Lows
The "buy-the-dip mentality" has left the building (for now)... The Great Rotation out of USD assets continues (for now as Gold remains bid and equities play catch-down to credit)... only 45 minutes to 330 Ramp Capital...
Whocouldanode?
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OK it's 3:30. Rampapalooza Time?
Bernake just got done fuleing the chopper, he'll be on wall st in no time.
MUST.....KEEP.....DOW 15k Cap on.........
Apparently not. Up to 2.23 yield on the 10 year and the statistically-uniportant Dow off 124. Everything's sliding slowly off the table as the great ship United States lists further and further to the left from the hole blown in her side, letting in huge quantities of red ink every passing day.
Buy TSLA ---- RIIIIIGGGGHHHHHT
look at the 10yr hold it's ground. Oh boy.
"only 45 minutes to 330 Ramp Capital..."
seconds now...5...4...3...2...1...
here's your...Shockku Daily: http://www.bloomberg.com/news/2013-05-01/oil-options-surge-as-futures-tu... that would be an "expectation of drop in oil inventories of 500,000 barrels of oil" instead of "ye olde increase of 1.5 MILLION barrels of oil" which in fact occurred. hmmmm. "how much oil is in a barrel" you ask? http://en.wikipedia.org/wiki/Barrel_(unit)#Oil_barrel or, "42 us gallons." time 1.5 million sounds like...53 MILLION gallons of oil...which strikes me "as a real lot!" hmmmm. can you say SLOWDOWN IN ECONOMY. how about...STAYCATION! "and to think you need ten million just to trade that stuff." you see..."in the old days" (that would be pre 2008) "the Middle East had the US economy over a barrel. "in the new days we're becoming a net exporter of oil so fast it'll make your head spin." is this good for the equity space? NOOOOOOOOO. Why you ask? "because DOLLAR RECYCLING IS CRITICAL TO THAT BUSINESS MODEL." http://en.wikipedia.org/wiki/Petrodollar_recycling you see, "if i have all these dollars and no way to use them...i go to Wall Street cuz they!" on the other hand...if i have so much oil i don't know what to do with it AND an electric car "that never need gasoline"....well, to keep it simple..."Wall Street" (and many, many, many others) "do not like that." in short..."sometimes change just happens" and that's why "a good trade is worth holding on to" where as one that heads south as soon as you buy it...should be sold IMMEDIATELY.
My trades are being delayed. These damn carrier pigeons are not what they were cracked up to be!
Fuck, by the time you unwind your money out of this shit and finally into the real world...it will be worthless! Hear my words bitchez, this is the demise of FIAT!
This is the same "dipper smackdown" we saw in 2008...
can we get back to Edward Snowden's girlfriend?
Everyone is trying to make it seem like a calm walk towards the exits.
..just need the 'fire' call...
A pyramid of champagne glasses, floating on a board in the middle of a mill pond. The slightest ripple.....
One of these days we're going to get the 3:30 reverse ramp. That'll be the one for popcorn futures as there will be no stopping it till the close!
"In the history of the world, the S&P has never gone down on a nationwide basis." Ben Bernanke (paraphrasing)
Eww I dunno. We keep playing at the tough 1613 scrimmage line. Having said that, Bernanke is doing a whole lot of shit never seen in the history of the world so he may have created the very one-out he denies.
treasuries selling off while stawks sell off. I'm used to seeing Kevin have to save one, not both.
Interesting.
Its like somebody called closing time at a local pub and someone is flashing the house lights off and on. This is indeed a very interesting day. DJIA just crossed the 14 mark. We have about forty minutes to go. Not sure they can muster a ramp up today but I would bet the farm they are trying to.
And right on cue......
LOL I'm watching it. Unbelievable.
Do the traders responsible for the Daily Artificial Fed Ramp, have to warm-up, calisthenics, jog in place, or whatnot? The ramp today is going to be epic.
There have to be injuries related to the pace of fake money throwing, towards this market. Nonetheless, Spike of 2013, in 3, 2, 1...
None of the above. They collectively shit their pants and fling the poo at the markets.
PPT chugging Red Bull, preparing for battle.
Stocks down,bonds down, gold and silver up... I don't know WTF is going on - but I'm lovin' it.
Message to uncle Ben : Don't over cook the rice !
well pretty sure they can bomb the HUI down before the close . you can't have the spx close negative and the HUI green....
that is not allowed in Ben and Jamie's world. Peasants might get ideas. and....buy some gold/silver stock with a P/E of 2 versus AMZN.
The bright side: Brent and WTI are both up nicely! Where the hell is the oil shell fracking revolution????
The bright side: Brent and WTI are both up nicely! Where the hell is the oil shell fracking revolution????
b. sack aka da fed gangsta ---> snort coke, run the stack
s.e.c. ---> snort coke, watch midget tranny porn
Walking the DOW down to 15000. . .bang the close? Seems rather orderly today.
Bang Dae-Ho
DJIA and SPX on the lows down 1% and not a knife-catcher in sight looks bad for the next 40 minutes.
33 Liberty to the recue! The PPT are mounting their steeds and drawing their sabers. Cover yer shorts boys! They are going to rescue the dippers any minute. BUY BUY BUY!
i am confident this market is only going down from here.
yes, we may have green days here and there, but by watching the open today, that is all the conviction i need for my thought process.
it may have been one of the weakest 120 plus gain on open i have seen. that thing was on absolutely no volume, and it started crumbling right away.
yesterday it was clear the fed tried to bring the market back but it went right back down triple digits by days end.
this is going to end bad, and i am so happy i am not in this ponzi scheme market. i hope all big wall st firms go bankrupt again.
Hmm, looks like the algos are battling hard to keep this from falling another pivot down (most visible on the 2-min chart, all the long wicked candles kicking in at each new low with big volume).
For once looks like a fair contest, but that's probably because it's not 3:29 yet . . .
(Aha, just spotted a suspicious high-volume Russell candle, a mini-hammer on the 2-min at 3:22, wonder if this is the typical run at a stick save? Bet they don't make it farther than the 20 MA on the 5-min, as surely VWAP is too far away, isn't it? Well, isn't it ...)
ramping has begin in USDJPY!!!!!!
somewhat a low grade ramp to me.
So, right at 50DMA with 30 minutes to go. Place your bets!
Pre ramp jitters, it's all right it happens to everyone. Me? Hell no!
Someone please wake up Kevin
you can bet your sweet ass that, if only for today, liberty street will keep that dow bitch msm favorite over 1,500
What was the signal for ramp cancelled? Must be an HFT thing.
the ramp in USDJPY not helping the market for now +30 pip
DAMMIT KEVIN YOU LAZY SACK OF SHIT!!!!!
Several days ago my screens suggested a nearby gap-down open leaving an island gap reversal above, and tomorrow could be that day.
Don't worry, Turnaround Thursday coming up. I've seen this play too many times. Shorts get ready for pain.
By the time there is any significant pullback, the problem is solved for another few weeks. Ramp those fuitures to create a gap that shorts can not fill for days. Long and painfull being short, feels great today but there's a ton of money betting against a down market. Filthy fuckers even get a heads-up when it's a head fake.
Meh only 30 points off the S&P, it barely shows as a blip on the 6 month chart. Another month of this and it might be worth talking about.