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What happens when there's no one left to sell to...
(h/t @Not_Jim_Cramer)
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Still have 15% to go...
You'll have to pry my put contracts from my cold dead hands.
So you're saying that I am part of a very select group. So be it.
Rut-Row... (When you're in the room and you're wondering who the mark is... You are the mark).
Hey, eff those guys, they're having an awesome sale on PM's right now. I'll see you down there!
The 15% are the marks. The other 85% are trying to extract gains from that shrinking pool and Fed printing.
So, already, most of the continued gains are coming from market makers/Fed member banks who will be the first to know when
a decision to stop the up trend is made.
They will be adding shorts as the market makes new highs.
It seems almost everyone is the mark under these circumstances.
If you see the smart guys leaving the party, don't stay for last call.
Bidless market bitchez!!!!
i am intrigued by the sornette log periodic bubble theory noted by john hussman http://www.hussmanfunds.com/wmc/wmc131111.htm
hussman thinks possible (but does not advise trading on) that s&p 1920 and december/january may mark the blowoff top.
"no one to sell to" .. ???
by congressional mandate, the fed is always standing ready as the buyer of last resort
hugs,
misteryellens
"no-one to sell to"? I thought that was why we had compulsory superannuation (Aust). I thought that was why it recently went up from 9% to 12%.
Compulsory super at 99.99999% bitchez. Oh hang on, wrong country. Now do you understand why Obamacare premiums had to double? What do insurance companies do with all that money again?
(And re compulsory super in Australia. Is there anyone out there doing the analysis I just suggested between compulsory super and stock / real estate prices?)
actually, the drops in history always happened before a bullrun to the sky.
2000, 2008
Wait....no one to sell to?....did Ben die? .....did the Fed End?....is the Pope Jewish?
Yellen can print enough clown bux to buy everything that there is for sale, if she needs to.
and there is your answer. The old rules don't apply any longer. That everyone and their brother thinks stocks are going to go up used to be the biggest tell in investing. Now it means nothing. The only thing that matters is if the Fed will print and buy stuff with conjured money from the mist.
Yellen ain't going to stop printing. Bernenke isn't either. Rates will drop stocks and everything else will go up.
Everything will go up until one day it doesn't. Then the present day financial system comes to an end, and the endgame proceeds faster than nearly anyone expects. No one gets out - of either the markets or the banks.
The best physical analogy is a supermassive star that goes straight to a black hole without passing through the intermediate stage of a supernova.
And the market top shall most likely be made on the first or the last trading day of the week.
So says the book of market history.
can we put the people responsible for this in that black hole?
funny how currency can't deny the real world forever.
Politicians can, but currency can't
Then the market dies and price fixing cartels always collapse ala communism. Point is, she, like Bernanke tried several times. Is to engineer a slight sell off (note Taper on/off again bs), it's a pitiful attempt at trying to sell down the market.
There is not such thing as ad infinitum in markets.
Yep...It's all bullshit!!!
This is a false statement.
What we have here is failure to communicate. Some men you just can't reach... You better get your mind right slot or they're gonna bury you. http://www.youtube.com/watch?v=8CBqjZX6FjE
Don't worry Bro. They'll expire worthless. LOL
I take that personally. http://www.youtube.com/watch?v=DDOL7iY8kfo i wonder why that is...
Nah just wait until they expire and piss on your corpse.
Piece of cake ---> http://i.imgur.com/H5htx1B.png
Probably, but that is the most dangerous spot to pick.
I don't pick spots, it just makes them worse.
Well, that is a funny comment, of course; but I think the point of the chart is that it never gets any farther than this. At this point the situation is so un-balanced that the commercial longs start taking profits; but all price movement, both up and down, is unstable, it's always a positive feedback loop; so right around here, and right around now, is when the great "down-whoopsie" starts; that "no one could have foreseen"; except anyone who looked.
me, i stand ready to buy all shares offered to me, but at 1 cent per share. i'll take 'em ALL.
If and when equity goes to 1 cent....it would still be a VERY BAD DECISION......You will never get the capital gain!!!!
That is the type of market thinking the FED is attempting to instill.......buy and bid ALL THE WAYT TO THE BOTTOM!!
The last good cop in the bad town... the last bears in the land of never-ending QE...
And I heard another voice from heaven, saying, Come out of her, my people, that you be not partakers of her sins, and that you receive not of her plagues.
Rev. 18:4
That scripture refers to the Empire of False Religion. It's soon to go.
finance isn't a false religion? didn't the bankers' ancestors learn their craft in babylon?
I believe there are also references about those who don't repent of their thefts. In the small print you can almost make out some names, something like Bl_nkf__n and D_m_n.
Former Federal Reserve Board member Robert Heller, in the Wall Street Journal, opined that "Instead of flooding the entire economy with liquidity, and thereby increasing the danger of inflation, the Fed could support the stock market directly by buying market averages in the futures market, thereby stabilizing the market as a whole." His statement has been used to claim that the Fed actually did act in that way. Some mainstream analysts call those claims a conspiracy theory, explaining that such claims are simplistic and unworkable.[13]Author Kevin Phillips wrote in his 2008 book Bad Money that while he had no interest "in becoming a conspiracy investigator," he nevertheless drew the conclusion that "some kind of high-level decision seems to have been reached in Washington to loosely institutionalize a rescue mechanism for the stock market akin to that pursued...to safeguard major U.S. banks from exposure to domestic and foreign loan and currency crises."[14] Phillips infers that the simplest way for the Working Group to intervene in market plunges would be through buying stock market index futures contracts, either in cooperation with major banks or through trading desks at the U.S. Treasury or Federal Reserve.[15
https://en.wikipedia.org/wiki/Working_Group_on_Financial_Markets#Plunge_...
You would have to be a conspiracy theorist to NOT believe they are intervening directly as you outlined.
The Reston 6.
Over.
What percentage of the population has stocks?
About 1%
A whole lot less than had them 5 years ago .
computers aren't people?
algos don't pay taxes or serve jail time?
No one serves jail time. Oops I forgot about the 99%ers.
Every 401K in America is stocks and bonds. Not much on a percentage of the whole market Capitalization though.
Every 401K in America is stocks and bonds. Not much on a percentage of the whole market Capitalization though.
it began with wannabe trader Greenscum buyng the major market futures in the 'Oct 87 crash
Former Federal Reserve Board member Robert Heller, in the Wall Street Journal, opined that "Instead of flooding the entire economy with liquidity, and thereby increasing the danger of inflation, the Fed could support the stock market directly by buying market averages in the futures market, thereby stabilizing the market as a whole."
The economy isn't being flooded with liquidity, reserves are. The FED is propping up the banks.
Makes you wonder what TBTF balance sheets look like on a GAAP
basis.Must be truly scary for the FedRes to carry on with their bailout
disguised as QE.
.
One word: bankruptured.
top three on the thread. banks have held up well here actually and the only thing we know is this: http://en.wikipedia.org/wiki/Dexia how do the French say this? "piqued their interest" so to speak. (h/t Bloomberg News) if i were to Hazzard a guess the euro bailouts stopped with the London Whale after this video feed of the trading desk came in: http://www.youtube.com/watch?v=4C3N6LgU0lI which unsurprisingly led to this election result in New York City: http://www.youtube.com/watch?v=dOOTKA0aGI0
amazing to think that the big banks would prop up the big banks
absurd conspiracy theory to think they
would buy the government and pervert the
law and constitution of the usa to do that.
but i'm trying to cheer up so i must move
on.
yep, a total circle jerk at the highest levels of DC and banking, bypassing mainstreet completely. Economy sucks, money/lending not getting to mainstreet SME's so there is little chance of true fractional reserve expansion of money supply. It's all reserved for the banking elites, courtesy of the taxpayer. If only idiots in America only knew.
I find the claim that this claim is simplistic and unworkable; simplistic and unworkable. I can't find any detail of it that's unworkable. If the CIA can fly planeloads of Cocaine into the United States directly from So. America; and operate many, many, "front companies"; why is it supposed to be difficult for them to operate a few false front trading companies that buy index futures programmatically, in co-orperation with other Federal resources? I can't see where there's any problem here, at all. Once you get over the morality of it; and I think we can assume that's not bothering them.
Never heard about the FED?
Some time ago this would matter, today, BernYellen have put a floor under stocks, it doesn't matter if no one is buying, they will make sure to push up stocks themselves via their satellite banks, as they do now. Stocks simply will not fall until a war destroys the FED building, literaly.
Invest in something that is not bullshit. This is in a bull market and not a bubble:
http://stockcharts.com/freecharts/gallery.html?DFJ
Nice upward trend line through a financial crisis and nuclear meltdown.
Tracking Nikkei - it'll blow up when Jap shares do
You know, Japan is what scares me most in the current scenerio. You can see exactly what the game if the US Fed is... "To Taper, Not To Taper" , run a different Fed mouth piece out there when need to calm or excite the markets, Fairly predictable at this point, even though the makers is BS, go long and the Fed will have your back.
Now the Japaneese, they have been going full retard, and heading towards the cliff while stomping on the accelerator even harder. I do wonder is another monumental fuck up at Fukishima will be the Black Swan set free that crushes the Japaneese marketes, then the US and everybody else go down with it. Even the Fed doesn't have enough ammo to kill a Black Swan. Once again, the only question is timing. Of all possible causes for a collapse, it is Japan even without Fukishima that is the most alarming.
this
OT: So, police is protesting budget cuts in front of parliament in Lisbon and threatening invading it - live broadcast: http://www.rtp.pt/play/direto/rtp1
...which seems may be just about to happen.
My porto is a little rusty, but it seems it won't play outside of Portugal.
Protest has been called off by now and they didn't really got to actually invade the parliament per se, just (symbolically) the stairways, which are nevertheless part of it and off-limits to protests, so you could say it was just the tip...
Here's a chronology of the protest (which involved officers from all forces of different ministries, from all over the country, and foreign delegates): http://expresso.sapo.pt/petardos-na-manif-das-forcas-de-seguranca=f842238
some snippets:
17h04 hundreds officers already gathering nearby
18h05 a firecracker goes off
17h59 4000 officers gathered, more still arriving
18h40 protest officially starts
18h45 protesters chant the national anthem
19h26 shouts of "thieves"
19h51 "join us" calls to on-duty officers
20h06 calls to invade parliament
20h07 another firecracker goes off
20h10 organizers beg for calm; more calls for "invasion"
20h31 police barriers taken down
20h39 "Passos listen, you're a son of a bitch"
21h01 "this is the only way to get attention. It was about time."
21h05 protesters shake hands with on-duty officers. "Sorry and thanks."
21h29 protest ended; organizers say "we weren't expecting this, but it reflects the revolt of officers."
time is local (gmt)
Don't worry, the Fed's got this. Just keep BTFATH!!!
I know of only two ways to match a buyer with a seller:
1. Price
2. Put a gun to somebody's head
We've been practicing #2 for a while now under Fed rule.
When the robots are churning stocks higher trading back and forth in nano-seconds, you don't need a bigger fool.
Banks have plenty of digitally created money to throe into stocks.
you need a bigger computer
BULLISH?
Hey buy sp futures - there is apparantly 15% more bears - Party on!!!!!!!!!
there are always the mutual funds where the public park their retirement funds ...
Ok, so about two more years.
.
So soon? Five, six years ago I thought we had at best another couple of years, but somehow all the plates have been kept spinning.
Although I wouldn't put a dime in any of the rigged paper markets, I wouldn't be surprised if the Dow hits 20,000 a few weeks before election day 2016 and then, depending on how they decide to script things for the desired narrative, takes a dive a few days before or a few days after the election.
i take this to mean that there will never again be a significant nominal correction in dollar denominated assets.
This looks like a chart of my love life since getting married.
Quit shorting and go long.
:) Below Dec/Jan 1999/2000 Worth noting, dont you think?
There's always the fed to sell to, no? They seem to have very deep pockets full of money for nothin'.
American Workers: forced into being the greater-fool bag-holders.
Solution: Firebomb AIPAC HQ & Wall-Street Banks.
Looks like no one around here wants to party for DOW 16,000. How about S&P 1800? Bummer. Bunch of party poopers...
I know I am one of them. Who are the other 14?
There are more than 100 investors.
I guess I need to project my sarcasm better!
no sonic, they did an audit. There literaly are only 100 investors still out there.
long SPXU since ES 1728. Think those long exposed wicks below at 1640 and 1553 will get retested relatively soon, along with overdue 200 DMA
Good Luck to you. Yellen will whip that strap on printing press out of her pants and shove it up your ass. In the process you might get your face ripped off. I'm not wishing that upon you, I share your sentiment. But I quit buying puts, when my face fell on the floor. I'll just stand back and watch now.
Yup,
a bit worn from use but ... "The only way to win is not to play." ... is apropo
Good luck to you. I've already had my face ripped off on SPXU trying to time the market.
Those "bear traps" must have caught a lot of bears...but not all of them. ;)
"Into the valley of death rode the 15%"
Larry Yellen will buy it all up, won't he/she?
SHORT STOCKS BITCHEZ!!! ENDURE SOME PAIN FOR 6 MONTHS.
BUY A BIT OF S&P PUTS FOR 2016 EVERY MONTH
UNWIND YOUR TREASURIES
WAIT FOR FEAR OUT OF STOCKS AND BACK TO BONDS TO GO TO THE JUGULAR AND SHORT TSYs
What's everyone so concerned about? If we want moar bears we can PRINT THEM!
oh wait...
Ah, shut the hell up. Markets move up and move down.
ummm... what is "down"?
The Matrix is really starting to make sense now.
There's a bug in the code, that's for sure. Probably injected by the same folks that brought us the ACA.
Why would anyone ever want to sell?
You only need one bull with a printing press.
and one cow to pull the lever
Check the charts of the Weimar Germany and Zimbabwe stock markets. They went vertical, making the S&P rally look tame, but only when measured in worth-less bank notes.
Cut a ruler in half and re-number it, but don't kid yourself that your pecker is now really 12 inches.
its all about the flow, its the flow that matters.
It appears that the equity markets are the only place where the minority doesn't get it's way...
If I am not mistaken, II Bears are now at their lowest level since early 1987(when they registered a week below 14%).
People quit buying that crap a long time ago. The only thing buying is FED software.
The only bears left read this site. See how totally stupid you are being. There is just no way "the market" could be this wrong. (Totally stupid look on my face)
Not selling til that chart goes to zero
Hey thanks Cramer/Tyler! I'm gonna blow this chart up real big and carry it with me next time I sneak across my neighbors pasture. That's one mean ass bull and I ain't as fast as I used to be.
No problem now!
Looks like it's just down to the same old group of Doomer Douchebags... hahahahaha
where's superdouche these days?
In the White House.
Wait for Yellen to take charge and elevate the market ever higher.
With the Fed intervention these charts don't matter anymore.
Isn't this why we have a central (fail) bank?
There are *no* more dowturns. Wall Street Moniez and QE 4EVA.....Get with the program, bitchez!
Aren't I the idiot?
I just went real short, WTI, S&P 500, Emerging Markets, and high yield.
This madness can't go forever.
$eurusd, $gbpusd are near the targets before a bigger downmove. On $eurjpy, $usdjpy target is less than 100pips away. $dxi is on to get a big up-move, while gold is only 4.6% away of its buy-as-much-as-you-can target in the 2nd wig.
I'm not scared here, I'm waiting.