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World's Largest Stock Exchange Index Takes Out Crucial Support
With over $16 trillion in market capitalization represented, the NYSE Composite Index is the world's largest.. and today it took out its 200-day moving-average for the first time since late 2012.
That time it was a false breakdown as soon after Bernanke rescued the world's wealthy by unveiling open-ended QE... this time that's not going to happen...
h/t Brad Wishak at NewEdge
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BTFD is alive and well today
Clearly a buy signal. Anyone knows that.
turkish parliament approves WWIII:
http://www.presstv.com/detail/2014/10/02/380826/turkey-mps-approve-antii...
Finally. I thought they were going to sit on their hands forever. Good to finally get them on board the war train.
THIS is the story! Open season on everyone everywhere. You'll soon see more sweeping "let's go" government decisions into combat. Damn!!
Hell yeah, non Americans kicking raghead ass. When you tell them no US boots on the ground they finally figure out they got to do it themselves. Should have happenend looong ago.
Translation: 1) pay lip service to American GWOT 2) attack uppity Kurds 3) Expand Ottoman empire
I was hoping they would keep this wind bag going into spring. Gold and silver are so cheap.
But its October, and bad things happen in October.
Youre wrong...PPT on nitro right now.
bull trap in progress. everyone thinks this whopping 4.5% down is all there is.
twice this year when market down ~ 4% marketwatch used "turmoil" in headline
i guess 401Kers can't stand too much pain
Believe me, it's better that most 401k participants don't watch their account too closely.
No one owns the NYSE composite if everyone listens closely they can hear a head banging
/sarc
People may think you've lost it fonz.
noone and no one are quite different.
Yes, the former is the pretentious Brittish spelling for 12:00 o'clock...
Now bark like a dog fonz...
did you btfd like I told you to? You are welcome.
Now squeal like a pig pom pom boy...
stop ducking me and make that bet. I say we are closer to 2,000 S&P by dec 31st than 1,900. Loser never comments again.
Take the bet. i want you gone.
lmfao this is getting good.
Don't take the bet Headbanger, I like having Fonz around. He's just been possessed by a momo demon and can't help himself. Watching the S&P cross both 1600 and 1500 in the same day will exorcise him and return him to sanity!
I expect they're all going to chop sideways like the RUT has been all year. When the Fed hikes rates next year, it will stop, drop and roll until the Fed finally relents and throws more gasoline on the fire in another attempt to put it out.
Fed raise rates?
Seriously?
What do you do when ZIRP fails?
Start NIRP
[we are all Japan now...]
I know. I catch a little heat for believeing they will raise rates next year. The problem with believing they WON'T is that assumes those MOTUs at the Fed are omnipotent and choose a path based on data that is accurate and up-to-date (or maybe they have a crystal ball), using rationality and calm, unbiased level-headed decision making based on what's best for major US banks (if that helps the US economy indirectly, it's only by accident). But that isn't how it works.
They are ACADEMICS. Elitist PhD ACADEMICS. With BIG egos. They don't respond to circumstances, they MAKE the circumstances (in their minds). They will proceed down a path to raising rates because their models tell them it must be done. But more importantly, because their egos tell them it must be done. They will MAKE it happen and everyone will fall in line behind them. Downward spirals as that process unfolds will be dismissed as "transitory" for a LONG time before they realize they've made a grave error and eventually reverse course RAPIDLY in the other direction.
So, like it Poker, you can either play the cards or play the man. There are plenty of people who can play the cards better than I can. My strength, if I have one, is that I'm pretty good at playing the man on the other side of the table.
...this time that's not going to happen
Precisely right... this time the QE won't be revealed. That whole transparancy thing hasn't worked out well for the Fed lately.
but it will show up in an audit... or an oversight hearing, right? (/s, required?)
"This time that's not going to happen".
Are you sure about that?
QE will end due to liquidity problems
we'll find out if FR has another ace up sleeve
Who cares...markets going up on ponzi for ever central bank intervention hopium...markets love Ebola in the U.S. And WW3 on the horizon with Russia...wait till Ebola confirms it's first case in Europe in the next 2 weeks...
Surely that just means more central bank QE...and remember...the dead can't sell stocks. Let's close this bitch up 125 Dow points today...maybe deescalation of Ebola better than expected it's contained cases??
Fuck this market.
Market is bouncing now.
see saw action will lock many into not selling before/during collapse.
how many out there thought about selling after yesterday ... now they're patting themselves on back ... before stocks ever go down hard i expect a grind downward of up/down moves first
Maybe I'm not such a dummy after all for the covers early in this session. Let's see if Johnny5 and the PPT can push through 1965-67 with authority.
maybe these headlines will help
BERNANKE SAYS U.S. ECONOMY 'DEFINITELY STRENGTHENING'
BERNANKE SEES U.S. ECONOMY PERFORMING 'RELATIVELY WELL'
well there you have it --- its all good & we're ok. coincidence (which i don't believe in) how obama @the very same time is in the midwest talking to "the everyday, regular, ma & pa folks" about how well the stock market economy has performed under his watch.
(that stock market was supposed to have a line drawn thru it)
"It's a trader's market again."
Translation = 70% of stocks are declining; the 401(k) sheeple are paying commissions and fees to "managers" to lose their illiquid wealth.
BTFD? No thanks, I'm content with the current discount in the metals.
Pfffffttttttt....... Old Yeller is just letting the shorts get their hopes up.
Yeller has a hard on for specifically that.
Ever hear of an "over throw?" Just because it breaks a trendline doesn't mean the trend actually changes, just sayin...
Next; fat finger billions by the hour.
WWait a minute. I'm confused now. Do you mean to say that stocks do NOT go up in a straight line fashion in perpetuity??
Not "in perpetuity."
Only when most people are afraid, and sit on the sidelines.
When it's so "safe" that everybody piles in, *that's* when you get a crash.
This is how you know that gold is going nowhere but down: everybody knows about it, even grandpa and grandma are into it, 13-year old kids have coins.
Don't you kids know a fad when you see one? Haven't you learned the difference between "punk" and "trendy"? Punk makes money. Trendy loses it. And no, this is *not* the same as contrarianism, which is just a bunch of reactionary bullshit. Contrarians are followers just like everyone else, except that they're also misanthropes.
Although not a single soul was around to hear it and I have no documented proof, I called the bottom this morning when the S&P bounced off of 1930.
The bull is back, baby! Ebola for everybody and S&P 5000, bitchez!
PPT will be there buying. All of a sudden a swoon of virtual buyers come in.
Can't fail before the November election.
Obama's big deal is the senate election.
And once again ZH reports it and the market goes green,are they reading this and just fucking with us?The world markets are tanking but we go green? I smell a rat.
HFT algos. They love the deer.
just the last one standing
tyler is probably right this time
There is no crucial anything in a controled market or whatever you want to call this.
Will they do it with or without a couple of head-fakes?
dup
Early October sell-off flashes buy signal
BTFD!!!
http://finance.yahoo.com/news/early-october-sell-off-flashes-buy-signal-...
This time, the BTFD crowd will get their wallets handed back to them --- empty.
http://www.globaldeflationnews.com/sp-500-indexelliott-wave-update-for-w...
Yeah it will happen again - it has never truly stopped happening for a long time now. The only thing the FED know how to do is create money and I don't see any reason in the world why they would stop doing that. It's not like money is hard to create out out of thin air. Raise interest rates? Let the stock market tank? Admit Keynes was wrong? Abandon national socialism? Use gold and silver as alternative currencies? Are you fucking nuts? These so called economists would sell their mothers if it got their politician employers re-elected and kept their paychecks coming. Bullish stocks forever.
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