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Mission Accomplished-er...
For now Dow, Trannies, and the S&P remain red from Friday...
Charts: Bloomberg
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We rescued some folks
Markets used to be intellectually challenging. Not so much anymore. Just go play golf or fish or something until the dip stops. Then just BTFD. So boring, so mundane.
What dip?
BTFTop!
If you think that's bad, just wait for end of quarter window dress...
BRCM buyout adds 6 billion....just like that....poof you're rich!
Another false alarm? Aw, man... Some day the sky will fall for real and I cn starve to death while sitting on my pile of phyz.
It's like watching the same porn over and over and over again.
Or like having the same sex with the same wife over and over again.
Which is why I oppose same-sex marriage.
where the DAQ goes the DOW follows....and i don't think the Trannies mean jack shit anymore, in my opinion.
You ain't seen nothing yet. No downside from here. BUY, BUY, BUY.
Is anyone surprised? The longer real rates stay negative, the bigger the bubble builds. It's not rocket science.
This market is invincible!
The pattern of straight up panic buying at the opening bell and then straight horizontal levitation all day is fucking comical!
It's so rigged and ridiculous that it's beyond comprehension!
God I pray it implodes on itself soon!
Is that even possible anymore???
Don't forget that the ramps are ultra-low volume affairs....
Just try and make it through today. This is another well executed shakeout. A final "go f*ck yourself."
Short coverage begat short coverage which begat moar short covering. Going into yesterday, there were a lot of shorts and more added yesterday.
BTW - why did stocks go down yesrday? Huh - why? No explainee. Just like aside from short ceverage, why did stocks ramp so hard today?
Short covering
Corp buybacks - biggest buyer now
Pension Obligation Bond proceeds BTFD! And there is a LOT of money buying stocks with POB $. Few discuss this and I have never heard it discussed on CNBS. I didn't listen to them at all today. Liesman and others musta been getting their rocks off today.
It's punch card perfect
Happens everytime after any drop of 99 points or greater
Must keep the flag flying high
----->DOW 25,000
----->DOW 17,999
Of course they did. The smart money knows equity indexes like the NQ have at least another 100% of upside from current levels before they start to be bubbly so buying at less than the all time high tick is guaranteed to make money immediately vs buying the all time highs and having to maybe wait upwards of a month for those guaranteed gains.
In a year it won't really matter if you bought the dip or the all time high though, we will be so much higher in price by then the only thing that will matter is that you were buying cause the only bad trade in this CB induced, QE infinity, raise asset prices at all costs environment is selling stocks.
check out the $SOX. breakout. almost 4%. there is no end to it. just buy and hang on.
they're meeting in Dresden and discussing FX
probably pusing US$ down soon as it shot up against JPY
Kuroda JPY also announced yesterday no more stimulus
DXY down from here, commodities up, Greece fixed, stocks up
You left off the /s tag
Everyone's disgusted with the BTFDs today, and we haven't even seen the 3:30pm rampalooza yet!
Only a currency crisis will force the Fed and free the markets.
Until then it's bankster fun and games.