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Stocks In Furious Melt Up To Fresh Records
Treasuries rallied 4-6bps on the day (with the POMO-driven belly outperforming). The USD dumped back its knee-jerk gains on Europeans trying desparately to talk down the EUR early on. High yield credit banged higher into the close. VIX was man-handled back under 12.5% (despite being bid early). Oh - and every US equity market malted up in an insane intrday swing which seems to be pinned on the back of expctations Yellen will open her shirt tomorrow showing a big red "S" on it. So while every flow-driven market banged higher in a mad scramble of un-tapery goodnesss, gold went sideways and silver was monkey-hammered (-4.5% on the week). The last 3 days have seen "most shorted" names double the market's performance. Nasdaq's swing from low to high is the largest positive intraday move for the index in 5 months!
Squeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeze...
ok - you had your fun...
The S&P just did not stop...opening at the lows of the day and closing at the highs... (NASDAQ cash saw 66 point swing)
And NASDAQ saw its biggest intrday low-to-high swing since June 13th!!! On fucking what!!!
Off the Debt-ceiling lows - it's actually just kinda funny...
With today looking like nothing but a huge capitulation jerk...
Treasuries rallied too...
And the USD dumped...after Europeans tried their best to jawbone it higher...
But silver was slammed and gold flatlined...
It was nearly a "deer" day today but no... so we'll settle for this...
Charts: Bloomberg
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The bernank is speaking today at 7:00 p.m. EST
Description: Federal Reserve Chairman Ben Bernanke town hall meeting with educators in Washington.
This is great. He's going to tell the "educators" how the monetary system works. Hey Bernank, Print us some MOAR money so we can keep this bubble going. You are the BEST. We all love you.
Define "Leadershit". Include in your definition the absence of this from the public eye:
The Public Be Suckered
http://patrick.net/forum/?p=1230886
FYI....BANG THE CLOSE OCCURING ON GBP/JPY.
hopefully the educators are round up and sent to Russia (or any other communist country) to teach this bs over there.
I am not shorting until ES 1850. Should hit it by Christmas.
The bears were humiliated today. The boyz jerked them around last night and punished them all day with an almost vertical ramp at 3PM. Amazing. But, will the market sell off tomorrow once Old Yeller starts chirping?
yellen's confirmation is tomorrow? will there be a buffet for the fat cow afterwards? can amerikka really afford to feed that beast???
ok ytd we get a 29 new all time high in s/p.
its sooo hard to draw a resistance line
where the F&^% is the BONUS CHART !?!?!
I want to speak with a MD immediately
You need to speak to an MD?
There are no more doctors. They all resigned.
Well with that CSCO miss on revs AH, everything should explode to the upside again tomorrow!
Hey -- We're all "investors" here. We know that with all that internet shit going on, CSCO is a great buy here.
No go to the bank, borrow some money, take out a loan against your 401K, and keep buying stocks
End of discussion!
Whoa whoa whoa! "Yellen will open her shirt tomorrow...." <----- BAD MENTAL IMAGERY!
Define "Leadershit". Include in your definition the absence of this from the public eye:
The Public Be Suckered
http://patrick.net/forum/?p=1230886
Dr. Copper's six cent dive below the trend line starting in late June says he doesn't believe the hype.
Neither do oil or nat gas. I guess they're serving stock certs for dinner in Oz and they are very rare.
Someday the "perma-bears" will be right. Just not now. I remember during the Clinton years people saying the market was going to go down soon...they were right when "Bushed" arrived... now we are doing fine...
fear not, this rally is totally kosher
I guess the jobs #s are going to be shitty tomorrow? Oh wait, they might be doing a reach around on us like last week.
Bitcoin Explosion:
http://btcpost.net/index.php
I gave it a shot with SPXU from ES 1728. Probably going to get out if it hits 1786 ES. Wasn't even trying to call 'the' top just a scalp short on overbought from ES 1640 but man just kept going up. Lots of unfinished below long exposed wicks at 1550ish and 1640 and even lower around 1500.
Maybe one last parabolic to 1900 though. All the inflation will be making raw input costs go up for producers how maintain profit margins one would think, but then again free ZIRP financing from the NY Fed helps because as long as stocks go up who cares.
Hey, I feel for you. Lost quite a bit back in the 1300 range trying to hit the top. Have just been buying calls on every dip since then. Until there is some indication that they are going to at least slow the printing down (if ever) its just up and up. If you can stay solvent until then there will be plenty of money to make on the downside
LOL
Shocker!
Print, baby, print!95% of ZH readers are short the market and long gold.
which means 100% of them are on food stamps
Could you at least try to put a little effort into your trolling?
Frankly, this amatuer shit is embarrasing.
kthxbye
Today the primary trend of the market has been reconfirmed as bullish. Stocks are "in the clear" as shown here:
http://www.dowtheoryinvestment.com/2013/11/dow-theory-update-for-novembe...
The market keeps hitting new highs.
Last time it was doing this (2007) the TV News kept showing footage of jubilant traders on the NYSE floor throwing tickets into the air while some fucker grinning ear-to-ear rang that godam closing bell.
Not this time. Why not? What's different?
There are still human traders? I thought they were all replaced with Johnny-5s.
Another bull channel sets up on the S&P500 hourly
http://bullandbearmash.com/chart/sp500-hourly-shows-upside-bullish-chann...
Onward!!!