This page has been archived and commenting is disabled.
The Longest Streak In Stock Market History... Is Over
For 29 days - off the Bullard lows - the S&P 500 closed above its 5-day moving average. As MKM's Jonathan Krinsky noted last week, this is the longest streak of sustained equity momentum higher in the history of US markets (surpassing the previous record 27 days from 1928). Today (well techncially Friday's early close) saw that streak come to an abrupt end...
The outcome post a reversal is mixed:
h/t @ReformedBroker and @JKrinskyMKM
»
- 20992 reads
- Printer-friendly version
- Send to friend
- advertisements -
sooo....bullish?
Perpetual Bull.
Skid marks on the drawers now. Oh well. Bleach em.
Http://www.hedgeaccordingly.com
Don't give up too quickly though. We still have 10 DMA and 50 DMA and 100 DMA... lots of lines that still point "up".
after dollar, the next thing to kill from usa is your fucking mongoloid metric system.... inch... feet.... lol
mentals...
Might as well, it doesn't work so well as a protectionist scheme as it once did.
Meters and Kilograms are fine, but I still say that human beings as well as computers, think in halves, doubles, quarters and quadruples rather than tenths. (Fuck the French! :) ) lol
Perhaps the best week in Spoos history will be followed by the worst week.
But I doubt it.
Heh, since 1928 huh. Don't think I would brag about that one. Be like saying most unsinkable ship since the Titanic.
that means the world is about to end. gotta get home asap and get the family down into the bunker before the nukes start flying and asteroids pound the earth. the end is near!!!!! the horror, the horror!!!!
Remind me, why do we even bother paying attention to frankenmarket anymore? Morbid curiosity?
If this sort of thing had meaning, chartists would make money.
They don't.
My only question is this: Do Elliot waves apply in a kondratieff winter ???
Inquiing minds want to know and so do I !!!
BTFD
BTFD
No Motherfuckers....It's just the beginning of another Bull Run. Details tomorrow @ 3:30 pm.
11:30 and 3:30. Don't forget the European close.
Almost makes me want to day trade....
Almost.
UFO Bovine Abduction...could be a bull!
https://www.youtube.com/watch?v=MZzJGM661D0
I think my friend Biff dated that cow,
or maybe it was her sister...
I have been hearing that it is over since Dow was 9000 now is close to 18000 keep optimistic might be next century.
Buy everything on the dip .... buy the junkiest of JNK ... buy it all !
Be careful, it works until it doesn't.
Agreed,
but it worked for Greek bonds. What's more of a wheezer than that?
Man, did you catch Turd Furgeson's emotional burst last nite> I felt for the man. We've all been riding a roller coaster for too long. Its probably not over, but the excitement of the moment is refreshing!
Why not provide a link? I'm not psychic.
DavidC
So take yourself back in time to Bullard's statement and say to yourself:
"And here begins the longest stock winning streak in US history".
Incredible what goes on.
Bullard sould be in PRISON ! Per RICO Act, manipulation of markets, WAKE UP AMERIKA !
BTFD, tomorrow starts the next streak which will be a full month long. </sarc>
I don't think you needed the /sarc tag on that one, sadly you're probably right...
Wow, its a good thing that the Fed has announced that our dreary Economic times MAY be over...whew, what a reief /sarc & eye roll
Fed official: Dreary days for U.S. economy may be over - CNNhttp://money.cnn.com/2014/12/01/news/economy/economy-better-federal-rese...
What drugs do you think he uses?
William Dudley is a Goldman Sachs soldier. In constant contact with Goldman.
Maybe the Fed guy should check out what the mortgage industry is expecting from the upcoming economic "good times" now that the "dreary days are over"
Increased Defaults as Interest-Only Loans Recast -Fitch
http://www.mortgagenewsdaily.com/12012014_default_risk_ratings.asp
Maybe this helps explain the run....
Cyber ring stole secrets for gaming U.S. stock market
https://ca.news.yahoo.com/cyber-ring-stole-secrets-gaming-u-stock-market...
Once you realize that there is no spoon and most rules don't exist or can be bent, the opportunities are limitless...
until you forget you can actually feel the spoon is right in your ass up the handle, you cannot properly sit down.
I doubt it would be so mixed if they took the data out further than 30 days. I would imagine lower returns as time passes would take over...severely at times.
Hmm. Not really a "dip", just enough to separate it from the ceiling.
So, what would CNBC's guest robots call it? Crown molding? Christ, has this autopilot market regressed to BTFCM?
Maybe "holographic ceiling"?
William Dudley, NY Fed head, came out to stop the market from going down today.
More Federal Reserve dog and pony shows going forward to keep the market going up.
As long as the market keeps hitting record highs nobody from the Fed shows up.
The Fed hawks will be gone soon. So it's a print-a-thon and QE to infinity next year.
oncoming US recession will trump everything
days of jawboning (working) numbered
While they stand around telling everybody how great everything is, I have to believe they know what's really up, because they have all the information, period. However, now that they boxed themselves into a corner, and know they have no place to go, we'll get some very interesting spin coming soon as the foundation starts cracking.
I dont doubt that. But the days of Fed intervention effectiveness are numbered. There will be a day where the market will direct its bird finger at yet another QE. Woe the day that happens. Just turn off the machines. Shut er down
friday saw US govt summit $18 trillion in debt.
http://www.treasurydirect.gov/NP/debt/search?startMonth=11&startDay=01&s...
Seems that sets the fuse for the mother of all bubble bursts...history shows this is about 6-12 month before implosion!
Guess the FED will just start another one tomorrow and see if they can beat the new record, right bart?
30 day returns above 1% 4 times and below 1% one time respectively. Combine that with the fact that stocks have gone up 8 of the last 10 December's and it looks like December could be a good month.
Pfft.....hard to get a mere 1% correction..BTFD.
Well, I will take the nominal digits on the PM's so I did well today but I made no trades because I am not selling even the price gains today. I could see where it might have been tempting but the price of PM is far too low to sell unless you are a gambler. HUI did well. But that is not how I play the game because I do not like paying taxes on so-called capital gains. The prices of indexed funds are at full retard high prices. I would not buy that toxic mix of shit with YOUR money. What the fuck is with the USD at 88?
You get these other idiot friends who never listened to you who get a quarterly 401K type of statement and a yearly prospectus. Then they tell you that they are making a lot of money and show you the statement so then I ask "What are you invested in?". "What do you mean?" I mean what the fuck I just asked you. Then you get the XYZ LLC Securities operation of sort or another. Then I ask where the prospectus is and if I can read it. The prospectus is almost a mythical document because noone ever seems to have one, The unopened prospectus must grow legs and run off into the woods and hide.
"So really do not know what you are invested in do you?" I ask. "Well I never thought about it that way before," is a common reply. Well, there is not much I can do. If you are going to play in the casino markets then play the fucking game and not give some digits to an index fund manager douchebag. If you are going to play the game then sit at the table yourself.
+a lot
I know this...annoyance well, M.
So well infacto, the process, I hold culpable, fer grey hairs' manifest upon my head.
(Real convo)
Me: "explain the 10k y/y fiat grab ur asshole FA nabbed- 1% Performance phew...so show me the 1% x 10k fiats gained?
(This is minus the awesome 8ish % ree-turn made, with the 2% inflation (/s) and kick ass gains tax and...well you get the point)
A: I don't know. I made 8% retur-
Me: gimme the FINRA-Fiduciary assholes' # NOW.
(More arguing. ->this is my mom on fixed-saver-retired)
I get the name of the phuk and do some investigating...
Hmm. FA business on Google maps=parking lot.
Hmm. Dude has a net of 50mil, reported a few year prior- cliente base is 80% Fixed-Retirees, mostly elderly women who've outlived their husbands' lives...more research...
Ah. Bingo, two law suits pending for tax magic on property owned in 2 other states...more hijinks...
the ass is invited over for a talk.
I have to leave room, lest the Beamer driving shit gets a re-purposed face.
This was after I pointed out W(hy)TF do you have a 70 yr. old woman in dirty ass non-segregated CDOS...and MBS (after 2009 2 boot).
She fired him. Only to find another "trust-worthy" "friend X told me about these awesome series 65 (and 7) holding fiduciary fucks.
I went to the first meeting...typical rotational sp/rus model with "fancy" packages- the fuck actually pointed to four colored boxes and asked "how much reward and volitility suits your needs? (To my mom).
Massive Facepalm. How many rollovers does it take to fit in a...a phuk it! The damn fancy colors woo'd her...and these ppl are doing their bullshit.
I became so angry, when its become a not-talk issue. She hides all statements/prospectus/anything from me.
Terrible feeling- if it were anyone else but my dang mom, I'd say fuck em, let em go. But it's not...
Anyone, including (ESP) you, have any advice? At this point, I've gotten her debt free/no mortgage to pay...I'm looking for specific advice, if it exists, on how I can, if possible, expose or scare these scum off? FAs are always scared re: "compliance" but it's all illusory SEC gab and FINRA/CPA pseudo apologetics...
In other words, any way to legally make these assholes sweat? Maybe enough to somehow(?) have an effect which will be beneficial fer my mom?
I could (don't know now) handle her pension $ decisions, the choices aren't mind boggling...it's very difficult to sleep, her side of fam, they live forever...the daily breaks+unprecedented fuckery, sucks.
Both advisors (lit-test) when asked about the state of econ/QE, blah blah- the myriad anomalies (nu nu norm) parroted krug-bernank speak. They're a damn cult of thieves. Shoulda seen body language sigs given when going thru "sweaty questions"- looked like J. Deutsch when Mike Ruppert confronted him about cia crack operations on c-span...wiggly hands, nose touch, meter of speech all over the place..
Anyway, thanks for your post...I understand.
Most ppl here (I'd like to think everyone but the drudgery-doo-doo/trollskis)
don't have to worry about these things(?), so many here with credentials, I assume their voice(s) be heard by family and such...
Ty
yep - our two day, 20 point pullback - followed by another 30 days of yellen hammering the buy button
O/T: Anyone else with Kaspersky antivirus getting phishing warnings when opening Zerohedge?
Looks like it stopped. Good.
That's not a virus that's the FEDs or That's not the FED's that's a virus. What's the difference.Welcome to the fight club.
Kasp is no good. They, AV programs, just like paper-safe havens, are 99% farce. I can't remember the link nor source (I know, great proof by me /s) but there was a damning article re: kasp...and avast! And...
J. Young over at cryptome dot org/com/net has imo best info on comsec. I think there's an article up now (this month) where someone asks a general question, something like "which a/v...malware....rootkit-killer etc..is best?"
This is rare at a site like cryptome- the level of technical talk over crypto and ComSec is for bonfide white-black hat professionals. It's akin to me staring at nanex data, whilst thinking it a pie recipe in digi-paint.
The article is special because the op/posters' query was taken seriously- it was left open so ppl (experts) could answer such a "basic" question. Lots of condescending pen-test talk (braggadocio?) but lots of good and rare infos/advice. This never happens, cryptos/ip-pros are notorious assholes, I commend Young for keeping the ? Up.
I need to read it again, I think it's akin to a sticky- but the cursory read was insta-bookmark info...recommended for anyone here (minus pen-test/ip masters).
Best? Surf using a 1985 or earlier computer. No pix but what the hey. At the very least, use as much open src Software...always vulnerabilities but proprietary=secrets=back doors and such.
No IE, No Chrome. No Java. Don't bloat ur security ware. Screw "optimizers". Super simple. Build ur own computer. Have a duel boot system- surf in Linux. Compartmentalization of identifiers and important ($$$ infos/social media/YouTube browZing), virtual machine encrypted INSIDE a virtual machine. A pen and paper note book is your best friend. Better yet, memorize passwords like you did phone numbers when younger..change often. Avoid porn sites, watch exif data, PDFs, cross scripts Blah blah...
Malware bytes is free and "respectable"
ESET A/V If you go a/v is decent.
Look up "Harding PC/Router/Firewall"
And "unneeded/dangerous processes"
Stuff like nixing ivp6 from hardware level...
And em, always good to have somekinda network activity widget running...
Very easy to know something is phuked when ur interwebz in/out bandwidth is spiking and all ur doing is simple surfing, listening to music etc.
Of course no such thing as hack proof but unless ur James Bond of the 21st (and now that I've known several ppl who've had $$$ accounts hacked via CC transactions and not), simple stuff like decent passwords, don't click the porn, avoid AIO (pre-built) computers. You can make it very difficult for a hacker to procure your digital fiats/private stuffs.
I understand that many of us here have been violated anally by the FED multiple times but good grief what bunch of puscatores now. Almost everyone now is programmed to btfd. Or at least that is what is posted. Can you not see the bastards losing control?
Apple shit it's pants today and that is you most liquid stock???
Have you looked at HYG?? What a bunch of wussies.
http://www.cbc.ca/player/News/Business/ID/2623085441/
The Exchange with Amanda Lang | Dec 1, 2014 | 7:30
Crude and currency
Economist Jim Rickards weighs in on the impact of low oil prices on currencies
What an absurdity. The stock market is a giant eye sore, the recent rally like a kid creaming his pants at the sight of the first woman he sees. Central banksters have rigged markets so much that equities is the only place left for return, everybody is balls in it and happy to keep pumping.