-635; +430; -520 ; +423
When one sees a chart such as the one below, what can one say but... Bull Market! And "Fed-generated Price Stability" of course. For the first time in history, the Dow has moved up and down by over 400 points. And in the last 5 minutes we see a 20 point drop in ES. All in a day's work for schizophrenics. And now, we are all reminded yet again that Europe still exists, as do its markets, and tomorrow should be a truly fantastic day for "The Price Stability."
Oh, and look where volume picked up. Shocker, we know.
(7 votes)
»
- Login or register to post comments
- 2204 reads
- Printer-friendly version
- Send to friend
Yeehaw
not unlike the days of Oct 87
26-Oct-87 -8.0%
23-Oct-87 0.0%
22-Oct-87 -3.8%
21-Oct-87 10.1%
20-Oct-87 5.9%
19-Oct-87 -22.6%
16-Oct-87 -4.6%
15-Oct-87 -2.4%
14-Oct-87 -3.8%
13-Oct-87 1.5%
12-Oct-87 -0.4%
09-Oct-87 -1.4%
08-Oct-87 -1.4%
07-Oct-87 0.1%
06-Oct-87 -3.5%
Also not unlike the month of October 2008 ... just remember that market bottomed out in March 09.
history bitchez!
Must remember stock market can remain ridiculous longer than one can remain solvent.
Must remember stock market can remain ridiculous longer than one can remain solvent.
Must remember stock market can remain ridiculous longer than one can remain solvent.
get invited to the discount window and forget about being solvent
Tech pros, what do your charts say for this ' pattern ' ? Thx
HIKE!
Matt Miller, (Bloomberg), argued with Ira Epstein that the market is cheap and he's a buyer at this level.
Ira told him he's wrong. Nothing has changed and we are in a BEAR market. Hello...... Nobody's home in Matt's head.
He also co-anchored a report saying how insiders are buying at record levels. I emailed him and told him to read Barron's page M13.
I should have told him to read Zero Hedge, my bad. When the market trades at a PE of 8 or 9 it will be worth a look to me.
We are not being paid for risk. Unless we add to PM's.
On another note, Shorts not allowed in France. Hmmmm. Goldman Sachs upgrades ALL banks on the same day. Hmmmm.
Is it fair to say this is a short covering rally and the trading desk of GS made money today burning them.
nothing at home on top of Millers head either... that hairline is retreating faster than the hookers that prey upon traders...
I remember watching Bloomers and CNBS during the last level off in 08/09... any guest that started talking TOO much doom and gloom was blindsided by a free safety blitz and was cut off faster than Betty Liu could say sring a srong a sixpenth...
I've seen this up and down movement before, wild gyrations, huge swings, etc... ends badly:
http://www.youtube.com/watch?v=Az503VJ6kHw&feature=related
False start. 5 yard penalty. Repeat 1st down.
head and shoulders redux QE3 edition
...for recurring market dandruff...
TA won't matter tomorrow. If the HF redemptions are massive, every rally will be sold into, commodities liquidated, and the equity market will move within a +/- 200 point range. Just a guess at this point in time because fundamentals still play a role.
Fourier series approximation of a step function. I'll leave it to you to guess which direction the step will be.
lol
Big bear flag, real big....
Johnny Yuma was a rebel ........ and he roamed throughout the west.........
I rode a Harley and that was my license plate, shortened of course. Good times, good old days.
Taku,
I'm not a pro so I don't know for sure, but check these guys out .
They seldon update the public area, but when they do sometimes it's possible to catch up to date content for free. Like today, it seems they are calling a bottom for the french CAC index today.
Oh, BTW don't even bother registering, i've no idea why but it seems fucking impossible to get an account.
It's the Black Flack Wedge pattern...... (TM)
http://www.google.ca/search?q=black+flag+logo&hl=en&client=firefox-a&hs=...
That means we're gonna have a TV party tonight.
Robos are in charge and doing their job. 70% of trading is done by robos.
I'm sure that there are people reading this that recall the days when the market use to only trade within single digits then it went to double digits.
Now the robos can handle triple digits moves as a normal intra day movements.
Will we soon see triple digits as the "good old days"?
Who is that peon that is feeding the ROBO information?
That peon is making all the traders look like idiots.
jal
Robo buying
Slaughterer buying
Buffet buying
Cramer buying
Say no more. /sarc
Don't forget, gold's going to zero and you can't eat it, unlike stock certificates which are high in fiber.
hahaha Good one Esso!
Take delivery of your 401Ks in physical certificates.
It's better than Metamucil, Baby Boomers.
Now that's just mean. & funny too.
So, how much down tomorrow? Everybody will be holding over the weekend right? He he!
Each day gain is still met with a net loss down.
So 450-550ish down... If there be a pattern
AND BINGO WAS HIS NAME-O
Yeah right, good news usually come over the weekend! TPTB don't want the Sheeple to buy on panic and hence leads to a market bubble!
It's going to be down tomorrow, it has to. Because nobody and I mean nobody wants to go long with all the rumors running abour BAC, Societ General and other banks needing backstopping and maybe going into bankruptcy. Remember Lehman Brothers CEO was on CNBC saying everything was fine and less than 24 hours it decided to file for bankruptcy and such. They will say it's all good up to the last minute, that is why you will never see the CEO of Lehman Brothers ever going back on CNBC or any other news channel, he would have to explain the unexplainable.
it's like watching the throes of a dying beast
Maybe a freshly headless snake.
or a spastic breakdancer
Or a chicken with it's head cut off. If you've never seen one, it's a site to behold.
From the den of vipers known as the FED.
It's "Stability you can believe in"
Off their meds! Oh no, I mean, totally medicated.
Right dose. Wrong meds.
That chart is going on a black t-shirt, but I better wait until tomorrow, because it might get even better.
Is it a tougher or easier case for QE now with these wild market swings of 5%? I really dont know...but if they can make +500 point DOW days stick, wheres any panicked pleas from the peasantry to please take more of our money to make the bad man go away?
The case for QE has little or nothing to do with propping up the equity markets, and everything to do with supporting the treasury auctions.
Tyler's Russell 2000 Third Mandate for the Fed is merely a side effect of Dr. Bernanke's treatment for a sick American economy, and a secondary derivative of QE at best, but we can still trade it.
This. Basically the Fed has to keep rates at Zero to allow the government to keep borrowing. Problem is These rates cant last forever. Think about what happens when 16 trillion in bonds have a 1% rate increase.. compared to 14 trillion bonds having a 1% rate increase. Really the Fed should raise rates and force the pain and force the government to stop borrowing. It is only going to be worse once their is more debt to deal with.
sikscreen em' They'd sell. Of course, you should price them accordingly, $20 on Monday, -5 or Tuesday, $50 on Wednesday, no sales on Thursdays, and Free for All on Friday.
lol
It's just some sort of ping-pong between these black boxes....for now
Treasuries or equities!?!?!?!??!!
FOR THE LOVE OF GOD, IF ONLY THERE WERE AN ALTERNATIVE!!!!!!!
For the love of GOLD, if only there were an alternative:::::there fixed it
Urbanelf use some of that money to buy a nice AR15, bunch of ammo, food and water purifier and youll be surprised by the calming effect it has making all this far less relevant.
There is alternative, you can always buy BAC shares.
Wait long enough...you can buy all of them.
Add last Thursday's -500+ and you have 5 out of six days of 4% moves! Only happens in bear markets, period. Who would touch this thing with their own money?
For sure not me, bulls can now show up and preen about how its now all up from here all they like, I wouldnt touch this with bags of free money that I found.
If you haven't seen this, take a look:
http://advisorperspectives.com/dshort/commentaries/Four-Percent-Declines...
Cramer, cnbs sheeple. Baahh da dips
If you've not already moved out of equities as far as money you care about keeping, you've just been given another chance.
They better watch out with the +600 point up days with all hanging on QE3...kinda hard to show the need for Queezing when they can have these kinds of days out of the blue. They should have just capped it at +50 points and let the machines churn themselves in the corner.
I dumped everything today even my gold.
Your physical or GLD?
Just my SGOL
Did you convert it all to fiatscos, or just dump it on the sidewalk like it's rapture-time?
(Is there a meaningful difference?)
Fiatscos for the moment.
Hookers are on Ironmaan tonight!
Did the same myself. Hope we're right. Maybe CME will hammer it down cheaper again and we can repeat.
Sorry, but someone(s) in Hong Kong likes the bling and has driven prices back to $1767/Toz tonite...
So Joe on the street and granny are now ready to put all his/her money back into his/her Money market fund...all is AOK right...lol..this just shows what a game the market is....and the rules can change in that gameat any time as with gold....you go girl..I mean President Obama
Its all BS, all an illusion to keep people in a constant worried, panic state of chaos so the bankers can rape and pillage at will. If we can have +600 point DOW days, we're fine. We're not bankrupt at all, we're just being bled to death day after day a couple % here and there until they own it all totaly and we're all left with nothing.
I don't feel worried. It is like watching moths fly into the campfire. Can't save 'em. Might as well enjoy the light show.
Un-fucking-believable 1172, same as Tuesday!
Am I wrong? Is this a dream?
Goddamn.
The bar is now open....
i'll have a double scotch neat...
Talisker?
only if you're out of 50 yr old macallan...seriously though talisker's good...i like it...
Any Glen will do.
No Diageo junk.
Talisker; made in East Kilbride: a 1970s planning disaster of concrete and roundabouts.
http://www.futureglasgow.co.uk/Commercial/East_Kilbride.jpg
Get something you can drink. Like the one I have in my hand. I won't tell you which for fear of demand and therefore price increasing.
yes but i said 50 yr old macallan...diageo wasn't even around back when it was distilled...also "a 1970s planning disaster of concrete and roundabouts" is a very funny phrase...cheers!
I'm learning to drink rot gut. I'm getting tough for the Zombpocalypse.
A little more practice, and I should be able to breath fire.
"rot gut" that also, is a funny thing...
Try the methyl!
It never closed.
Never closes here either. I've taken to what I call my "Obama Shot" of Wild Turkey 101 directly after waking up. Better than mouthwash..... Gets me through the day.
Jack n' Coke please, oh wait. Having one now :-)
9 parts Jack to 1 part Coke. I know that tune. :)
The cola is just to keep up appearances as to not appear a total alcoholic.
i'd rather have a bottle in front of me than a frontal lobotomy
Something to read with the cola:
http://www.drunkard.com/
I thought that was what the ice was for?
Dear Blythe,
http://liquorlocusts.com/the-whiskey-standard
Booze bitchez
i'll have a shot of cactus juice and what ever my horse wants. is Lili Von Shtupp dancing tonight?
'scuse me while i whip this out...