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The World's Largest Stock Market Index Is Flashing Red
With a market capitalization of around $16 trillion, the NYSE Composite Index is a massively broad equity indicator less affected by the day to day gyrations of AAPL, TSLA, BABA, or NFLX. As NewEdge's Brad Wishak remarks, the world's largest market cap equity index is painting a very different picture than that of the Dow or S&P 500...
Not only is there no breakout to new highs, you have a potential failure developing, not only at old swing resistance but more importantly at the old uptrend line.
As Wishak concludes - one for the radar.
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Sushi for dinner.. Sake for Dessert
http://hedgeaccordingly.com/2014/12/ukraines-state-owned-pipeline-operat...
I'm glad none of the stocks in the NYSE Composite are in the Dow or S&P 500 or this could be a problem.
Hey....the S&P can go down no more than 2053 points.
On the other hand, start sticking 0s on the ends of the money, and we're talking S&P 20k, 20M, 20G.....the sky's the limit. That's approaching a risk/reward ratio of 0, right?!
You have to think like a central banker here. This is an accounting game, not a market.
!!! I put in an order at $16.43 for my Dec.15 Silver and it got hit. I don't really want to be screwing around with it; it's too crazy. So t hat's +4950 P&L; apprx. and the next thing on deck is studying the Stawks for an entry point and time to go short.
Nice! Well don't be shy on your entry points for shorts. I just unloaded some iwm puts this morning. Looking for a bounce to reshort but not sure where. Open to thoughts. Of course, it's each man's or woman's decision of course.
Belgium to the rescue?
I can't remember the name of the movie, I did not see it, but they sewed someone's mouth to someones asshole, then that person had their mouth sewn to an asshole...
Take that model, make it a daisy chain, and I think you have a decent working model of the world economy. Oh yeah, and each country is getting sicker, and sicker as they eat each other's shit with no new inputs.
That's disturbing.
"Human Centepede" eats shit!
Thats the name Ms. I passed on watching all but the trailer. Great analogy of the world "economy".
RIPS
I preferred the South Park version called The Human Cent-iPad.
http://vimeo.com/24782590
Ultimately, don't worry about it.
This Turd is gonna circle the drain forever and a day.
It'll bump n' skid once in a while, but it won't die.
The secret Ebola, CIASIS, the Russians, the Chinese, the Canadians will get us long before our Zoroasteran Maji lose control of the funny money.
That's why it's less important to focus on the minutia and just keep a "fuzzy focus" on the general trend.
but potentially self sustaining...
My God woman, you just put me off my dinner!!
after colonoscopy prep?
The human centipede.
http://www.imdb.com/title/tt1467304
Here's the South Park take on it starring Steve Jobs: http://www.youtube.com/watch?v=sglZGSwK6ow
haha holy shit thats funny. probably pretty accurate too.
That's the head, then follows the other shoulder. I hope!!!! Lo ololololol
Tuesday 3:30 is a-comin.
?
inverse head and shoulders moar likely
No, that's a triple top. Time to short..
Its the mother of all bear traps.
BUY!
BUY!!
BUY!!!
How many times do you have to get whacked by the CB's before its clear?
Throw the charts out, trying to impose reality on this market is a fools goal.
Very nice observation: the 3x top in the NYA, trying to hide in plain sight at 11,000, is pointing to the impending decline to temporary support levels at 10,000, then 9,500, then 9,000, then finally the gap at 8500:
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=nya&insttype=&freq=1&show=&time=9
Exactly. There's no market that can survive a triple top. Good for you.
It sure sucks being at the margins. Now even the paper assets are being marginalised by the 'chosen few'.
Just stole this from a wall street weenie....."back to 1928 average sp500 december drawdown 3.7%, since 2000 3.6%
Or setting up for the classic inverted head and shoulders triple top breakout. A pattern known for its tendency to blow out shorts in parabolic and sustained up moves. Better buy this shit with both hands cause the next rally will be a doozie.
I'll have what he's smoking..
http://finance.yahoo.com/echarts?s=%5Egspc+interactive#%7B%22range%22%3A...
He is smoking recent history.
Yahoo. I didn't even realize they were still in business; I thought they were another AOL. That's an interesting chart; an unstable exponential with a blow-off top forming.
It's duesy goddammit! After Duesenberg.
Yeah and it will be a duesy until it isn't. Can you time that?
That's an old wives' tale. The term was around before the Duesenberg.
https://www.youtube.com/watch?v=siYczXibjVc
Oh shit! I am so wrong! The academics have declared that daisy is closer etymologically to doozy than duesy! /end sarc IIRC, your real name is Yukon Cornelius.
I'm not as think as you drunk I am.
BTW, avoid Merriam-Webster and Black's. Believe it or not, Oxford more correctly reflects the common understanding. I know, it's weird.
I wish you'd put a disclaimer with your posts. You're gonna get a newbie killed with this nonsense.
The only people who will be hurt by this bullshit thinking are the bullshit thinkers. Nature will always and ever trump hubris, no? If some newbies get killed, it's as it should be.
Hopefully, most of those hurt wil share lineage with Rothschild and Rockefeller- The sins of the Fathers will be visited upon the heads of the Sons, no?
All of us were newbies at one time. What are you talking about Rothschild's and Rockefeller? Hardly the audience of the Hedge. I'm talking about people partially new to investing who know that CNBS, yahoo Finance etc... are full of bullshit but are looking for alternatives and new ideas.
I was referring to the guy who says to "buy all the dips"... relentlessly. Well shit, if you had that kind of bankroll you'd be stupid to play in this shit filled sandbox.
I've always asked, what dip? When? How much capital at risk and how much should be left to average down?? Should I average down??
All that's ever said was to BTFD. Well, if you've done that with PCLN, IBM, NFLX, GOOGL etc.. you've gotten your ass killed.
That's why I take offense (in a fight club kind of way) to the flippant BTFD.
Rothschild (mainly) and Rockefeller and Warburg and Loeb et;al own the entire space you trade in, TLAC. That's why I mention them.
Did you know that they are merely agents of the Vatican?
Did you know that the Holy See claims ownership of all and everything on this earth (this includes you), being the Vicar of Christ?
Did you know that the Crown Corporation of London and the Corporation called The United States (which only exists inside the 10 square miles called the District Of Columbia) are subsidiaries of the Vicar's realm?
I didn't think so.
Rome never fell, it just morphed.
Triple top.
long way down from there
I don't konw if any of you go thte memo but Bill Dudlay nee GSCO now president NY FED said lower energy prices are good for the economy. SO why the fuk would you sell, buy, buy, buy, as your master says, its all good.
Yellen will have to get the dust off the bible and haul the servers outta the back room.
lower gas prices may be good for the economy..but its very bad for the oil and gas economy...and for me that was our economy for the last 6 years...
Can you install nitrus tanks somewhere on a printer?
Can you print fast enough to beat the speed of light?
Can you reverse time with a printer?
They can.
I've seen it.
Austin, TX.
VA Administration, Payroll/Benefit Check/Statement Printing Shop.
They started the print job from inside a hardend shelter on the Shop Floor.
Prints a 15' diameter roll of paper in under 2 hrs (assuming it runs a full job without shitting the bed)
That was in the 90's.
I am 100% sure they have raplaced that baby at least 2x since then. God knows what they bought with our money now.
"Heavens to Mergatroyd!"
About damn time. C'mon S&P 666!
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
been saying this same shit for 6 years and we just get up up and away.
Russell 2000 (RUT) looks like a trip-ple top too.
Sky (may) fall !
Get SRTY...again.
Look out below !
But then again Tuesday tomorrow.
Wake me up when this crashes >20%. Too much dumb money wanting to BTFD waiting in the wings.
If the economy was healthy and balanced we would not be experiencing slow growth while massive amounts of money are being printed and poured into the system. The crux of our problem remains in the fact that both people and governments have lived beyond their means by taking on debt they cannot repay. Over the last several decades we have created entitlement societies built on the back of the industrial revolution, technological advantages, capital accumulated from the colonial era, and the domination of global finances.
Promises were made on the assumption that the advantages we enjoyed would continue in both Europe and the US. Ever greater prosperity and entitlements were to be sustained through debt financed consumption growth. In that eerie fantasy world, debt fueled consumption was to be the catalyst to bring about evermore growth. Debt does matter and the following article delves deeper into why kicking the can down the road will ultimately fail.
http://brucewilds.blogspot.com/2014/08/modern-monetary-theory-is-wrong-d...
Well this article should fix that!New highs today for all!