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Mission Accomplished: Nasdaq 5000
Nothing to see here, move along.... (over/under on - number of times you will hear "it's different this time" today - 20/30)
When it absolutely has to be there... Algos... Was it ever in doubt?
It is different this time... 5048 closing high next, then 5132 record intraday high
Well it is a little different...
Just bear in mind inflation...
BTF - near-ATH.
Charts: Bloomberg
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Congrats Mr Yellen!
Here’s an interesting piece of non-news…
Satellite Explodes After 'Catastrophic Event'
One of six weather satellites used by the US Navy and Air Force shatters into 43 pieces after a temperature spike.
So, while we trumpet our new military laser capable of burning a half-inch hole in a rubber boat, “someone” shatters into 43 pieces our military satellite “due to a temperature spike”. Hmmm??? ;-)
Looney
http://news.sky.com/story/1436965/satellite-explodes-after-catastrophic-...
I'm glad ZH has been so bullish on equities all these years. Wouldn't have wanted to miss this rally!
The difference this time, is that the blow-off top will be much, much bigger.
Should be fun.
NQ100 still has a bit to go then we're ready for the party!
Yeah, it should be exciting as hell in an Armageddon sort of way. I've got my popcorn and special bottle of Tequila saved up for that magic day.....
ZH = Viagra for money changer's ... fans and students (to name it in a somewhat polite way).
What's the big deal ? It only took NASDAQ 15 years to recover from its 2000 peak. What a great investment... /s
... and in another 15 years the NASDAQ may hit 5000.... again!
Inflation-adjusted, you are merely spinning your wheels while dreaming you are rocketing forward. And by the name of your moniker I suspect you're not all that bright. Good luck with your endeavors. You're gonna need it!
But if he's in the rally and merely spinnging his wheels, then by your own logic, you must be in reverse if you are out of it?
Hands up, those here who puport to have seen it coming made an aboslute killing from their call options... ?
Weather satellite, my ass.
Looks like somebody might have mastered the fine art of Space Warefare. Only a question of who?
Well, I am not sure who actually did it, but I know who we will blame.
A joint Putin-Iran test to wipe Israel off the map. Bebe will say so tomorrow in between Congressmen going down on him.
pods
So, you're saying there is about to be a clustersuck ???
Film @ 11 ?
We can only hope - wait, Hope is the old meme
EVERYTHING IS AWESOME; now hooked on the damn music.
Silver lining: All that space junk should reflect sunlight and mitigate global warming....err climate change /s
Touch of gray: those 43 parts could take out who knows how many other sats.
Dammit...thet were right. .global warming and the temperature spikes.
:/
Maybe Russia or China practicing their anti-satellite weapons.
Splash one weather satellite, next several will be US department of defense satellites when the time is right.
"No one could have seen it coming"......don't worry though, it'll be different this time folks
MOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOAAAAAAAAAAAAAAAAAAAAAR - MMMMMMMMMMMMMMMMMMMMMMMMUUUUUUUUUUUUUUUUUUUUUUUUUUAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH
Still sharply undervalued - HA
If you think about how much cashola has been printed since the last top, yep, it is still underbubbled.
pods
This is a non event... we still have 2000+ points to go before the central banker cream pie is complete.
Everything is awesome.
El Bastardos didn't give us a dip to jump on this morning. Very rude!!!!!
What's with the surprise? You guys said 6100 is in sight too, inflation adjusted. This is just another stop along the way.
Enjoy while it lasts
They did it. They melted upwards!!!
Nasdaq 500,000 within a year. Why not?
yep its just a number
Intraday short? Or:
Run for your lives?
70/30 that was the blow off top.
But what the fuck do I know....been rolling bear call spreads on TNA for the past 3 weeks and my corn hole is chaffed
Still,as we just hit the daily Keltner on IWM, could be an interim peak . . . though not necessarily in today's session
Possibly, but the Russell has been the reluctant follower in the last 3-4 weeks. My guess is it will turn down before the others this go around.
<---Actively still trading this market for short opportunities
<---Said fuck it and went home
Feel like I am the last bear standing in these woods that actually has chips on the table at least...lots of theoretical bears out there but how many are
actually tradig on it...just curious.
Trading? Ha, ha. Still holding...
Hope so, as I got on the TZA bus at 10:30 (riding coach, definitely not first class yet), if the 12:00 HRLY candle's top wick peaks near today's high, we might be able to stay short until > 1:45, when the 'COMP 5000 Close'machines will likely re-enter with a vengeance.
Up voted you just because you used a reasonable time period for holding TZA...anything longer than a 8 hour window and I would have junked you. LOL
That POS is a widow maker, have keep any moderately time intensive short strategeis on the TNA side just to get on the right side of the decay
Trade TNA/TZA everyday, but 100% cash at close. Thus, I'm still alive to reply to you :)
Chickened out at the 15m 20 MA classic re-entry pt and closed out at 11:15. Might be another Keltner Top re-entry, but if the bastards want a 5000+ close to get more 401(k) inflows, then longer shorts are hosed today.
Nice quick exit....interesting how the march back to 5000 intraday is not seeing much participation on the Rut side of it now.
This just smells like an exahustion top near term for the market...people everywhere are searching for a deal and anyone with any smarts has got to see that they are paying
full retail for what should be after Christmas prices. They are hitting that point where need a pull back to sucker in some fresh dumb money. JMHO
Having the attention span of a parakeet is essential for TZA trading, especially at ~$10/shr. Will tweet Direxion and ask if they plan to reverse-split it before it becomes a penny stock.
Good man...I learned my lesson years ago with TZA. I typically just play the options side on TNA anymore and in 90% of the cases it is for option premium, never a pure
call or put play.
Next goal....Apple to a trillion...
Insanity always rules over there, what gives?
The whole Syria proxy war is dirty. Serena Shim had proof and they killed her.
New Anonymous op as White House still ignores murder of American reporter Serena Shim in Turkey
sounds like another car got hacked like Michael Hastings.
http://rt.com/usa/michael-hastings-car-neighbor-853/
This time, its more fuller- retarder.
how is this not hyperinflation ?
Folks you gotta be in this market.
In it to win it. Had I figured this was gonna happen, I would have loaded the boat on USDJPY early today!
What 'Market'?
We have to start down from some number. 5,000 seems as good as any. When this absurdity finally reverses, it will be in the history books for an eternity. Assuming of course the "brilliant ones" do not ban and burn our books or censor the internet.
6,666
to 666
Buy Mortimer Buy!!!
This should be renamed the buyback bubble...What a joke this mess has become at this point....When do we run out of road for that can that is being kicked by the banks and politicians?
The economy is great. I had another friend lose her job recently. She was a DM covering 3 states for a major retail store. After 20 years in the industry and one bad year to year sales, she was fired. The company had a massive head cutting fit in the last 6 months. They've been cutting anything and anyone to make their numbers look good. They've increased their dividend payout too. All in an effort to make it look good on paper.
Business can't hide from the economic truth forever.
That's like my dad telling me yesterday looking at the newspaper 'everything is awesome, cuz real estate prices and stawks are up'...even though everyone he knows has lost their job and are getting their house foreclosed on.
Yes my wife watches the network news every night and she says everything is awesome with housing strength, Dow, jobs etc. Maybe the USA is the Exceptional nation.
Come Mister Tally Man, tally me banana....
Fuck you Bernanke.
I feel like the person left on shore waving to all the people that could afford a ticket and having a good time on the Titanic.
Thats actually pretty damn funny and accurate.
They say "you get what you want out of the markets!", and in this case there seems to be a victim mentality. An inability to accept a trend and fight it all the way making zero profits only so you can cheer when the market eventually crashes. Well that's been almost six years now and simply shows a poor understanding of markets by many. There's a simple reason why markets are continuing to rally and sadly you will never understand it. Whining about fundamentals and irrelevant correlations is for losers. Tapping into that loser mentality is also what makes certain bloggers millionaires while they rail against the 1% they are part of. www.market-guru.co.uk
Sounds to me like you're making excuses to yourself to put money in the so-called 'markets'...hey go for it and good luck!
Remember, there is a sucker born every minute, now would be a good time to sell them your positions...
The S&P 500 is tracking similarly to the Nasdaq. A peak is in sight for the only three markets left in upward trends, the S&P 500, The Dow and teh Nasdaq. When the trend reverses there will be a quick and violent collapse of the markets and all three will join the rest of the markets in a downward spiral.
http://www.globaldeflationnews.com/sp-500-indexelliott-wave-update-for-w...
Elliott Wave Theory may work when the market is a collection of independent agents all acting from self-interest, but today's 'market' is a fetid manure pile of FED, ECB, and BOJ bids backed by printed fiat
Buy now, within the next 15 minutes and we'll throw in, at no cost to you, an extra 100 points on the Nasdaq. That's right! 100 points just for calling within the next 15 minutes! But wait, that's not all! Be one of the first 50 BTFATH'ers and we'll double your order! You heard right! Be one of the first 50 BTFATH'ers and we'll double your order, absolutely free! So what are you waiting for?!?!?!? Buy NOW!
Not sold in any store (because we're legally prevented from doing so).
The scariest thing is that the market is the opposite reflex of what's really going on in real life.
Will the BOJ pre-announce when they will start selling all their QQQ and SPY positions they are holding?
They won't have to. You will know. When they can no longer make the interest payments on their bonds is when they have to sell---followed by all the foolish corps. that bought back their shares at all time highs. What a hilarious time that will be!
They won't have to. You will know. When they can no longer make the interest payments on their bonds is when they have to sell---followed by all the foolish corps. that bought back their shares at all time highs. What a hilarious time that will be!
Compared to the totally vertical woody the index got back in 1999-2000 this one still looks like a half-chub
And now, as in the past, they pull the rug out from under retail, widows, pensions etc. and run as fast as they can .....gleefully carrying their ill gotten gains, laughing hysterically, exiting the scene of the imminent Wall Street/Bankster detonated implosion.
Same as it ever was......
How do you compete against an institution that creates money to take an opposing position. Every technical chart bearish signal has been over turned (every head and shoulders in the last six years now looks like a game of hangman), every Hindenburg Omen has been laughed at, and every fundamental economic weakness has been a rally cry.
Folks they are printing the funds to buy equities. The FED, BOJ and ECB are easing quantitatively a shiv up the ass of The Bear.
The yaps on CNBC just had an ENTIRE SEGMENT on how it's different this time....
I'll take that bet,over,whats the vig ?