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BTFATH Continues; Dow Opens +70 Points, Oil -1%
An Iran deal that is kinda sorta a deal but really is not a deal is all we need in the new normal to justify adding another few fractions onto the equity multiple valuation tree of hope. The S&P is up 9 points, Dow up 70 points, and WTI Crude is down around 1% on the news. Interestingly, stocks have no support from the almost ubiquitous carry traders as this appears more like a rip through the stop order stack more than another greater fool adding to their position.
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Predictable market response to the "Iran deal" in the new normal.
No dips to buy until after Thanksgiving/Hannukah this week.
Everybody has to go into the holidays feeling rich!
Maybe afterwards a littlre pre-FOMC jitters, but not much.
This whole year was one gigantic Santa Rally.
So Dec. should be maybe the Scrooge Plunge?
This is good for me. Like snorting crank while eating pounds of high fructose corn syrup is good for me.
Not that I won't take it, but it's gonna catch up with me eventually, I'm sure.
so easy a cave man could do it.
Global Debt Crisis - The greatest private fraud of human history.
Who are the great fraudsters who are becoming the murderers of the human kind?
How does the economy "illness" threaten Democracy and the freedom of people?
http://eamb-ydrohoos.blogspot.com/2012/01/global-debt-crisis.html
..
The world is getting “awake” from “narcosis” and pity to the one who shall be found to have made the wrong at the wrong time
This week is one of the most bullish historically. Market always goes up Thanksgiving week. Retailers especially do well. Easy trade is buy calls on Costco last week and sell them next Friday. $$$
True, but that depends on the ramp.
Tiffany and Gamestop will be pretty much the ES catalyst for the ramp.
Superman is buying Fisker. Obama is bailing out a near bankrupt Iran.
Funny how XBONE sales were well below estimates yet nary a peep. Anyone take a look at the average age of those lined up in the console lineup ? Compare and contrast to the 360 lineups and SNES. Half the length, majority of purchasers are under 25. Damning statement on US single-male purchasing power vs. past bull market runs. Current inventory can't meet Friday's forecasts due to logistics and defective issues. Look at the first reviews from unboxings. over 20% of the first gen XBONE units can't even read the discs. Worse than the red ring fiasco.
This is going to be a fun week.
Edit: Whoever was long Iran:USA this week. You just won the videogame. 100% in 156 hours. Well done good sir. well done.
Amazing that so few traders seem to have picked up on the gold angle.
Iran has been trading oil for gold with Turkey and other trading partners, because it can't sell for USD due to sanctions. The sanctions on oil are NOT being lifted, but the sanctions preventing Iran from selling the gold it's accumulated over the last few years ARE being lifted.
The mechanism should be clear - Iran will sell gold to raise cash it can't get from oil sales. A few traders nailed it on the open (vertical downspike), then the market recovered to almost touch Friday's close as everyone else "didn't get it".
By end of week, gold should be <1200.
The gold (to purchase the oil) must be acquired at the same rate its depleted. I'd guess this would balance out.
I think you missed the point.
Iran has been accumulating gold for several years now. Some was almost certainly smuggled out and sold in defiance of the sanctions, but plenty is still in Iran and will suddenly add liquidity to the "lit" market.
"By end of week, gold should be <1200."
At times like these the "price of gold" - the real metal - should be well over $1700. You're talking about the naked short-propped up fake "comex gold price".
haha please, the crisis will come out of Asia.
Correct. No Fly Zone East China Sea, bank runs in China, etc.
2 of the largest, most inherently unstable economies in the world on collusion course.
The middle east are just bandits and crackpots. China and Japan are the real deal
from FX wires:
*China bolsters claim to islands that Japan says it owns
*Warns of "defensive emergency measures" if aircraft fail to identify themselves
*Xinhua publishes map for "East China Sea Air Defence Identification Zone"
*Senkaku/Diaoyu remains a risk between the N.Asia powers
*Japan scrambled fighter jets Saturday against 2 China reconnaissance plane
Once they set off, all eyes to the bond market which Japan will print all in to cover their whole market. Yelland tries the same, she will have an American revolution that week.
Dangerous days
Japan does a LOT of 'talking and fucking up'.....really have not been the same brave kamikazee Country since Hiroshima!!
China just launched its first Carrier.....and 4 Billion people can go up in smoke very quickly!
I see bravado and chest-thumping(thee Asian Way) Chump......but I do not see combat on the horizon!!
What am I missing?
Missing? Basically North Asia is in a cold war, planes scrambled daily. Japan has a very sophisticated and war ready fleet, China doesn't except for better missile systems. They both want that gas/oil in the south china sea. Note japan's oil/energy inflation of late, same with China - both net importers. Obama thinks he has got it made with Shall oil, hence Iran allowed to settle. Th danger and huge one is Abe war trade, buying the JGB market and financing his war machine.
I couldn't think of a worst scenario. For the markets have creditor nations of teh US go to war would be a bond killer. Then the Fed activates the trillion plus buy, this should cause hyperinflation in a week. No problems.
We have stupid eggheads and lunatic leaders playing with death.
tweedledee
The false flag must be nearing completion.
He started early this week http://i.imgur.com/H5htx1B.png
Stupid should hurt.....it will.
This is dangerous!!! GET THE FUCK OUT!!!!
Blah, blah, same.
Instead let's pick our favorite nick for The Magic Negro, and list below.
http://brainshavings.com/obama-nicknames/
GO!
Over.
Barack Ovomit
Over.
when the next bear market genuinely gets underway, I'd like to see at least one post every day in which you say, "we told you so." That, and I want to see the buy with the baseball bat again. We need to find him, get him all doobed up and let him rip away of some plastic toys in his garage.
I agree. Wallstreetpro2 wasn't it?
so maybe the so called "Iran Deal" have some thing to do with this :http://news.yahoo.com/calm-solar-cycle-prompts-questions-impact-earth-21...
no wonder the guberment pups the pants knowing the record of families applying for heating oil subsidy
what the fuck does the iran deal have to do with the fucking markets god fucking dammit?
i never heard anyone bugging about a non iran deal before, so now that there is one, that justfies this shit?
i guess any day of the week that ends in the letter Y must have an up day in the market.
tomm nasdaq is guranteed to hit 4000, but dont worry no bubble whatsoever, it makes total sense how 5 years ago our financial system and economy was on the verge of collapse and depression, and now we sit here 5 years later at record highs in the markets despite record amount of people out of labor force, even the jobs added r part time low paying, but ya, this makes total sense.
see below and "pardon my wordiness." again "manipuflation" only "it is the appearance" or "faith" that higher prices await. I would sell this mini-me moonshot not because the economy is double dipping but because we've shot way beyond "abbie normal" valuations and are clearly in "buy at any price mode." Once the foot is taken off "the gas peddle" it will be applied "to the braking system." there's only one "gas pedal" but many types of "braking." something tells me no one wants to here wants to hear disabled vet go through the various types of "braking" possibilities in a mechanically driven, internally combusting, cognitive behavioral testing form factor...but there are many. My favorite of course is the one where "in order slow the vehicle down you must first put the gearing in neutral and then depress the fuel pedal." In other words "to slow the vehicle down one must first speed up the engine." Get it right...and its milk and honey. Get it wrong...well, let's just say you'll need more than ambulance. It will be interesting to see how the "whole host of mediums" play this one out.
Eveyone looks ready for the Santa CLAUS rally, so watch out your ass
Everyone's been front running the Santa rally since at least late October. That's when CNBS et al began endlessly repeating the markets *always* rise between Thanksgiving and Christmas" mantra. They hit that theme harder than I've ever seen this year. Most years we get a tradable dip late Oct/early Nov, but not this year, surely in part due to the constant "don't want to miss the 100% sure thing end-of-the-year big rally."
It seems like the Santa rally has been pulled forward. With everybody on one side of the boat, bullish extremes not seen since at least 2007 if not 1999 depending on which measure you use, this seems like the perfect setup to surprise the greatest number of traders (fools).
10:30PM here on west coast...must be wee hours on east coast.
The quiet hours paper gold smackdown is well underway. A sudden plunge from @$1238 to (so far...) $1232 and dropping...
Hope to God these buggers have to one day come up with the REAL METAL.
nice monkey hammer in the gold ... 2,400 contracts in one minute. stopped out cold, bitchez.