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Marketwide Stop Hunt Over As Algos Realize Cushing Close To Overflowing
"We felt a great disturbance in The Farce, as if millions of voices suddenly cried out in terror, and were suddenly silenced. We fear something terrible has happened in Cushing."
The Dow has been fully CYNK'd
The stop-hunts will continue...
until everyone realizes...
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You would have to be a lunatic to hold PMs and any commodity now.
You would have to be a lunatic NOT to hold PMs at this stage in the game.
Look up the definition of insanity. That is what is happening in the markets now.
Someone down voted you?! Uh?!
DavidC
Probably Jim Sinclair. Everyone is waiting for TRX to go under before declaring the bear market dead.
I'm starting a company that pays people to store crude oil in their swimming pools.
Most of my clients are leaving for the summer.
Thats a lot of vacant pools, do you supply liners ?
Trade what you see, not what you think (especially what a lot of lunatics here think)
Oil has bottomed and the medium term trend is now up... So BTFDips.. Obviously, all those that know better than to trade with the trend may just downvote as usual as well as losing their socks
Some of us aren't traders. "Trend" is an illusory term - like blackjack players claiming a "hot" table.
Certainly true so far this year - take a look at the Dax since the middle of March.
DavidC
My trading account balance has gone up on the back of buying the dips in oil, or is that also illusory?
ukspreads - don't "trade'" but BE the dip.
Like Zen.
Or as Bruce Lee put it - Don't think - Feeeewwwl
after studying years of paul krugmans bar napkin notes. i have come to the conclusion that the drillers should simply pump the oil out of- and back into the ground. only they should sell it right before they put it into the ground. where is my fucking nobel prize.
I just heard a window break...I think an economist just got his wings!
I just heard a window break...I think an economist just got his wings!
That's actually pretty funny.
My trading account balance has gone up on the back of buying the dips in oil, or is that also illusory?
Irrelevant until you close your final trade. Including the store of purchasing power into which you transfer that final balance.
But your smart, so you'll figure that out. Oh, wait...
Smarter than you sucker - It's "you're" = you are
Your means yours
Now we know, you are an English teacher not a trader.
Not at all, all it really means is I went to school and learned something
Your a faggot
Where I come from dog's breath, that means A ball or roll of seasoned chopped liver, baked or fried... Hardly relevant, but then neither are you really
Where I come from it means spellchecking gay cunt oil oracle, relevancy is subjective, your a faggot.
Where you come from, literacy also appears irrelevant - That would be You're..... "Dogs breath"
You're sarc detector is broken, my apologies faggot.
On the contrary, I'm just playing with you... Your mummy will be calling you for bed soon, so I'll say goodnight dog's breath
You're mummy*
Zzzzz
Smarter than you sucker
Thanks. Didn't realize I was conversing with a 9 year old. No doubt you are the incarnation of Einstein. But those that have been around ZH for more than 22 weeks would probably not put their chips on your square, Jethro.
You don't realise anything and assume way too much... In fact you're one of the most least smart people I've yet to come across on here..
Thanks. I love being lectured by traders that make less than I pay in taxes.
Zzzzz (Yawn)
"Irrelevant until you close your final trade."
That's a common misconception among traders, and a bit lit saying Godzilla isn't eating Tokyo if I close my eyes and can't see him. Your net worth is what it is at any given second, whether you close that trade or not. If you are sitting on a million dollar loser, you just lost a million bucks whether you close the trade or not. Reality doesn't care about your intentions. It works in reverse too, if you holding an open trade with a million dollars of profit in it, you are up a million dollars. Protecting it or not protecting it, doesn't change that reality.
Smiddy, you are the voice of reason and on a roll my friend
I believe it would be more precise to say "trend" is a subjective term, a qualitative assessment of whether you can make money from a given amount of price movement relative to your time frame, given the existing noise or chop.
There is nothing illusory about price movement, that's as real as it gets.
Joined up thinking is plain too much for some folks Smiddy. Nice explanation !
You sir, are a lightweight. Happy trading. Assume you will show up on your 'up days' only, proclaiming from the hilltops about just how much you've "made".
Does the car dealership accept barrels of oil for that Acura you're eyeing? I wonder...
You force me to repeat myself,
"You don't realise anything and assume way too much... In fact you're one of the most least smart people I've yet to come across on here.."
Yet you prove the statement time and time again
Smiddy...you used to be smarter than this. Prices are neither rising or falling - they either have risen, or have fallen. This is true over every time horizon - nano-second or 20-year view. Any claim that one can infer future moves in prices by extrapolation of prior moves is pure speculation (or manipulation). And if you are speculating, then you have moved your holdings away from its default store of value. Once you do that, your transient gains/losses are irrelevant until the position is closed.
Let me know if you need an advanced course in this - happy to point you to some of my work.
What a cunt !
lol.
Correct, no matter what happens, trading is about making money, not predictions.
I find it ironic that so many people come here day to day to discuss how the markets are not markets, and then voice their beliefs with the flimsiest excuses to take a trade, reality. These markets laugh at reality. If you see it, trade it.
Good call Smiddy - Plenty of peeps here to voice an opinion, not so many with the guts to trade one
Guts indeed. I'm about to put on a big position and thus scrounging around for any spare scrap of guts to be found.
Many here do not have a trader's mentality, Jethro. Trying to monetize market movements - which is what trading is - is a fool's errand. You seem to fancy yourself a good market-timer, so knock yourself out. Just don't pretend trading is something that it's not.
Were you bullied at school and does your own mummy hate you
Silly me. I thought real trolls weren't allowed to have the Unknown Comic avatar. I'm thinking you might be Flakmeister's twin sister.
People who live in glass houses shouldn't throw stones is to People who aren't very bright, shouldn't think too much or make assumptions.....
I heard that at 80 70 60 50
I'm in.....can hold approximately 42,000 gallons.
That's nothing, I'm starting a company in Switzerland where people pay me to store crude oil in their swimming pools.
California has all those empty reservoirs.
nice.
Water and oil don't mix so we could fill our aquifers as they rapidly deplete with crude. Should be easy to separate later.
Let me know when you start storing diesel fuel. You don't even need to supply the liner*.
*my present liner has a slight leak...
You'd be a lunatic not to hold gold.
Do we have enough yet to sustain the MIC in a long drawn out world war?
Only question is, just how long will it take to destroy all of the refineries?
About an hour the one in Torrance California.
Depends on what you use for an accelerant. Oh, wait...
Dup
I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... www.globe-report.com
LOL full retard, all the time.
Wanna bet that Goldman is already positioned - BEFORE - they release - THEIR - numbers for Cushing storage?
*BREAKING NEWS*
--Bill Dudley choked this morning on bankster cock during bukkake session and had to have emergency tracheaotomy.
Gold dropping like a rock.................
Cushing storage barely increased, the big increase was on the Gulf Coast and that was all imports but there were also 26mmbbl of refined product exported from the US.
Cheap oil means more money to spend on stocks, doncha know?
has anyone started a pool yet for date that cushing inventory full?
i'll pick may 29th ... if not taken
June 1st.
Let me play, June 14th Flag Day.
who cares...more oil cheaper gas for me...do i give a fuck about redneck texan oil workers? no.
Right, sounds like a bankster problem to me.
Must take delivery.
Say.... don't we have some empty Gold Vaults sitting around?
"We felt a great disturbance in The Farce, as if millions of voices suddenly cried out in terror, and were suddenly silenced. We fear something terrible has happened in Cushing."
Didn't Peter Cushing issue the order to blow up Alderaan?
Mad world created by CBS, bitchez.
We'll all be saved by the next Repocratic or Demoblican POTUS in 2016.
Ask yourself a simple question; does or does not oil have any real value in modern society?
Whatever; you are a lunatic, but it's not your fault.
Fair enough, but then you accept if you're short then you are a loser and it is all your fault
Everyone is making a fortune on the long side of the S&P but since I am a dinosaur, I can't bring myself to buy into the mo-mo story with valuations so fubar...
In the future, market exchanges will operate without the involvement of UHFT market makers.
Any market that is known to be operated by UHFT market makers will be shunned by everyone.
You do want to be part of the team, don't you?
--SkyNet
Oil is always up until it is not. And all any of you have to do is ask anyone in any oil field who has been around for awhile.
Impossible to stop loss if there are no buyers.