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Will 5th Time Be The Charm For Dip-Buyers Today?
BTFD is FUBAR for now...
BTFD?
It seems the machines need to get Europe and US back together again...
Charts: Bloomberg
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Depends largely on what you are buying really...
same as it ever was...
If not the 5th, then the 6th... or perhaps the 7th?
I thought that the dips were the buyers......
BTFD's work a little better on charts that are larger than 1 Minute. Geeze.
The oligarchy / IMF is now 100% Anti-Speculation....
http://www.voanews.com/content/imf-urges-more-productive-investment-less...
Last month, Stan Druckenmiller recounted his own experience with capitulation and performance chasing when he was the lead portfolio manager for George Soros and the Quantum Fund:
“I’ll never forget it. January of 2000 I go into Soros’ office and I say I’m selling all the tech stocks, selling everything. This is crazy... Just kind of as I explained earlier, we’re going to step aside, wait for the next fat pitch. I didn’t fire the two gun slingers. They didn’t have enough money to really hurt the fund, but they started making 3 percent a day, and I’m out. It’s driving me nuts. I mean, their little account is like up 50% on the year. I think Quantum was up seven. It’s just sitting there.
“So like around March I could feel it coming. I just – I had to play. I couldn’t help myself. And three times during the same week I pick up a – don’t do it. Don’t do it. Anyway, I pick up the phone finally. I think I missed the top by an hour. I bought $6 billion worth of tech stocks, and in six weeks I had left Soros and I had lost $3 billion in that one play. You ask me what I learned. I didn’t learn anything. I already knew I wasn’t supposed to do that. I was just an emotional basket case and couldn’t help myself. So maybe I learned not to do it again, but I already knew that.”
Atta boy, Stan.
Wish we all could lose lose $3B of George Soros' money.
Every.frickin'.week.
excellent! plus one to you good sir!
Nah, the plunge protection team will ramp this market back into the green by the close. BTFD!!!
The NY Fed emailed me to say they'll be ramping at 1530.
15:35
Yeah.. Apparently there's a celebration going on over at Cipriani. Something about Sarao or Soros...couldn't make it out over the sound of champagne corks being popped
Well, one of the damn indices is at a major DMA (IWM at 50) as we speak, which normally means strong bouncing w/ other indices goin' in sympathy. Any chance recent weirdness means hexadecimal instructions have been modified?
Yes. Ever hear of "self modifying code"?
The Algos are turning on us to crash the market and thus cause massive social chaos that will wipe out most of the human race!
And here we thought the machines would launch nukes to wipe us out.
And it seems your avatar provides a glimpse re: how they'll eliminate us (oddly enough, it also resembles a typical trading desk in 2015)
Fewer and fewer stocks being used to hoist the market back up (market breadth). Takes a lot more money to move AMZN and ilk up a percent that it did 150 points ago.
right. most iWatches sold since Lehman.
One for Varoufakis
Dip buying has been very good.
I didn't by the first several dips because I was waiting for this post. I bought this post. Works every time. Thx.
...and as if on cue, the dow is back green for the day!!
TOTAL FUCKING BULLSHIT!!!
Those charts kinda reminds me of a Blue Angels flight demonstration.
it's not Fubar at all. just keep scaling into those longs and eventually you'll get your rip. Tick pop, vix drop, and up it goes.
What is that now Holiday, 12 hands in a row? You son of a bitch, nobody's that lucky!!
Why Ike, whatever do you mean??
-Similar to how I feel about the "markets" of todays world...
It's not May yet...
It's called "scaling into a position" or "dollar cost averaging" according to my banana vendor.
7th Dip of the 7th Dip: Permabull. Coming to a theater near you.