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Is This Why Stocks Are Soaring, And Some Context For Today's Melt-Up
Despite no help from USDJPY, credit, or bonds; US equity markets have algo-ised vertically since the US Open as investors machines BTFWRSSL (Buy The F###ing Worst Retail Sales Since Lehman).It appears investors are once again listening to a certain "world-renowned" talking head on CNBC. But we have seen this divergence before...
Deja Bonds Vu...
And JPY's not helping...
Of course the real reason for the ramp is as follows:
The author of the "Gartman Letter" told CNBC Thursday that his "interest is not in owning U.S. shares at this point."
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Bears had hope......
And change.
And how it played out for Americans last time?
I know it is clickbait, but still...
IT'S WHAT I SAID HERE YESTERDAY
http://www.zerohedge.com/news/2015-03-11/3-odd-charts#comment-5878246
Except that support line was hit at the close yesterday on the S&P as I was watching the Wilshire in the morning.
We should expect to see further gains for the next week or so cause that's a good size trend line.
Is Europe ready to CRASH?
Yesterday I put out a very strong recommendation to be a buyer of equities on this weakness with focus on...Europe, focusing on France, Germany" he told CNBC Europe's "Squawk Box."
He added that he was most interested in owning European and Japanese shares. "In those markets, every high has been higher, every low has been higher and they are indeed bull markets...It's abundantly clear," Gartman said.
http://finance.yahoo.com/news/why-im-not-interested-us-072413277.html;_y...
Whats an american nowadays?
A welfare-absorbing Nihilist who desipises traditional America and can chimp-out on cue.
A take it for granted, hater of most things "liberty". Viva la interventionista!
Yawn... that was a big surprise, eh?
It's not Gartman this time. C, JPM, USB, and more all announced dividend increases and stock buybacks. Coordinated much?
And look at financial stocks respond. Total fraud and a farce rolled into one.
Once again - scorched.
This 'market' is fucking ridiculous.
'Market'?!
I'm with you.
DavidC
The Gartmanator....
Ha, Ha, the world renowned Gartman letter. Looking to get short this market in advance of his flip to the long side the next few days. I know he doesn't manage any money but he'd better keep this letter gig going if he's trading his own money off his calls.
eeny meeny miny moe...
It's on the way, it will be worth it.
Casino is working=)buy high sell low
Short low cover high
is this the shock you were talking about? the shock of the move back over 18000 DOW ?
what a moron - does anyone think the oligarchs are going to stand down their printing press & games and idly watch their empire fall ?
LMFAO !!!!
DOW 20k baby!
bullish!
19 more days until the BOJ officially begins buying US stocks. Bid them up and the Japanese will gladly pay more.
stateside
WWIII before any collapse so sit back and relax for the time being..
I wouldn't laugh too hard. How does a dow 12000 sound to you by mid 2016 ? Crazy, we will see.
As the new fashion lingo description, stock prices will be a binary outcome. The PTB will not, can not, let stocks drop appreciably from their current levels, and thus anticipate rescusitative measures to continue until any and all methods and computer clicks are exhausted. But once all stock buybacks, money infusions etc are exhausted---then the market will tank. It's an all or nothing proposition the way I see it.
DOW 30K!!!
Scary to say, but I'm w/ Gartman, and think this could be a 300 pt turnabout day, with highs hit early purely from pre-planned machine runs before a larger plunge. The Russell gap open several football fields beyond short stops at the 20 DMA means market may have blown full stake on opening blackjack play, and will nurse free drinks for rest of day.
I don't know why I up voted you, is it because I hope the market does what you say or that I agree with you. My personal belief is that this will trap the Bulls and hit new lows by end of day.
In the past, we'd know by now -- RUT would have either crashed over the R3 pivot like a semi thru tissue paper, or be at yesterday's lows, ready for a 12:30 snap-back, but instead we have the continued horizontal day session muddle that has made the past 7 wks the worst for day trading in any 1st quarter in 3+ yrs. Jan was great, but from Feb it's just pathetic.
The markets if you want to call it that is going to 20,000. Well knowing that the fed is up next with qe4
I wasn't aware that CNBC still had a credible audience, let alone credible presstitutes.
It doesn't the only reason it exists is to push algos one way or the other. It's funded by the government and wall street to keep the ponzi going.
please don't insult honest hardworking hookers
Or the poor bastards stuck waiting in the airport with no way to change the channel.
The stock market is just a few people trading bits and bytes at this point. Your average guy doesn't own stocks except for a mutual fund which he probably doesn't even know the value of nor does he care, the average guy couldn't tell you what the stock market is doing or who his senator is...the american public is complacent, melancholy and dumbed down. Stock market up, down. Who cares.
http://www.thedailysheeple.com/video-terrorism-is-made-in-the-usa-the-gl...
http://www.globalresearch.ca/terrorism-is-made-in-the-usa-the-global-war...
nope, this is the reason: http://www.zerohedge.com/news/2015-03-11/7-signs-stock-market-peak-happe...
We need to hold an intervention for the shorts.
Long lube! MOAR LUBE!
This I guess cause it's the only good news I could find (If Good news is Good news now?):
U.S. Weekly Jobless Claims Pull Back More Than Expected To 289,000 http://www.rttnews.com/2469738/u-s-weekly-jobless-claims-pull-back-more-...
Because if Bad news is Good news now we had plenty of that http://forum.prisonplanet.com/index.php?board=198.0
I'm thinking the markets are rising because I shorted them today...
http://olduvai.ca
When the markets are manipulated higher by intervening entities the shorts are actually helping the cause. Stop!!!!!
Well, it looks like you have at least SOME form of control.
Let me know when you reverse position. :-)
Probably just going to take out some suckers stops....gotta generate some swings somehow in the shitshow.
can algos be reluctant buyers?
(S&P500 @1700 will turn them to willing buyers in 3-4months time)
No need to be a smart savvy invester,,, Just BTFD
Still Looking for Dow back to > 18000 by Friday...
WTF is up with this f'ing market and it's 1% moves in the first 5 minutes of trading and then jerks off the rest of the day? Now I am not against a market going up and down or going long as well as short but can you bastards next time at least pace the 1% move over the course of the day to at least maintain some image of normality?
ALL market moves since DOW 6,500 have happened AH/pre-market.
Stock buybacks. That's all you need to know.
I turned on CNBS this morning, with the sound off, to catch the futures and my favorite talking head, Glatzkopf, (Glazed head) and that zaftig trying to be a Megan Kelly lookalike (but failing terribly).
Nice to start the morning with the wife asking what's so funny!
It's not even a statistically significant move.
Its software stupid. BTFD
Let's look at who's putting money into the market and why...
1. 401k plans: Got NO choice, they gotta buy SOMETHING.
2. QE money: Hey, it's "Money for nothing and checks for free", so why not swap funny-money for company shares? What would YOU do if you were given millions and were told that you could not give it away or spend it, but has to invest it (in paper assets!)? Duh!
If the value of all paper money eventually goes to zero (or close to it, given its use as TP, wallpaper or kindling), then you certainly would want to own shares in successful businesses (stocks!) to preserve more value than in its Debt form, when the Reset hits.
And that is what's probably going on -- I suspect. Damn the bear-torpedoes, full steam ahead: BTFWRSSL!
MSNBC says the bulls are cheering the "falling dollar"... riiighhht....
Not only that, they're now telling everyone to take a vacation in Europe!
Market's up 200+ today - so far.
Must be bad news - - - and looking forward to QE4.
It seems Yellen's job is to stabilize the market while leaving it up the to administration to convince people that the market actually reflects the state of the economy.
So far it's Mission Accomplished for Yellen and Ovomit.
Also, Lies-man was sputtering something on CNBS about how the Fed can't raise rates with the dollar so strong, I had it on mute but I saw the headline, and his lizard lips moving furiously
thats the only way one can watch CNBC without going crazy. MUTE.
Gartman needs to brush is teeth with colgate that has a whiting compound
We need a Gartman-Cramer combined newsletter-stockpicking power-house team