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DOW(N): 521
Remember when the Chairsatan announced that the US entered a recession yesterday and nobody noticed, even when Zero Hedge said it would take the market a day for the "sophisticated market players" to figure what just happened. No? We have one word... well, and one number: DOW(N): 521.
And as for Bank of America... the market appears to have great confidence in Moynihan's words... Just great.
Oh yes... gold
Full market U.S. market recap: 4pm (courtesy of Bloomberg All News)
- S&P 500 down 4.5% to 1119.91
- Dow down 4.7% to 10707.45
- Nasdaq down 4.1% to 2380.77
- S&P Mid 400 down 3.4% to 796.75
- Russell 2000 down 5.3% to 659.61
- Front Month Crude up 2.8% to $81.5
- Front Month Gold up 3% to $1791.4
- EURUSD down 0.1% to $1.4182
- 10-yr yld down 17bps to 2.08%
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The last Bear Stearns conf call I was on they said everything was fine. I bought puts and the next day well poof
He's a liar because what he said isn't true; he's a fool because he expects us to believe him. Doubly unsuited for his job...and I'm glad that I not only don't bank with his employer, but I don't own any shares of that soon-to-be-tits-up institution.
even groucho marx declined to be a member of any country club that had low enough standards to accept him in.
I was just thinking about those 27% who think the economy is going into the right direction again....
NOW I KNOW WHO THEY ARE!!!!!
IT'S THE GOLD AND SILVERBUGS!!!
STEEP CLIFF AHEAD => THAT DIRECTION = GOOD DIRECTION!
The would be less than 2.7%
The remaining 24.3% are gold's cheerleaders - you know, the ones that keep waiting for the "right time" to buy in.
Speaking of which, our local news had a story about folks "getting into gold" and all they showed was somebody selling their jewelry to a dealer. Funny how to the MSM "getting into" gold means selling it. I do not think that word means what they think. . .
They will feast on the death and destruction like Vultures.
CLEAN UP on I-295 ANACOSTIA FREEWAY
nom nom nom. . .
like in Monty Pythons Liife of brian: are any pm bugs here? Crowd of pm bugs: NOoooooooooooooooo!
S&P 1120 -- weren't we here before, just a couple of days ago?
This repeat loop is getting tiresome.
LET'S CRASH!
and just in case we were worried that there would be a run on banks, or supermarkets, or gold shops, here are the google search trends as of now:
1. the help 2. pga championship 3. kendall jenner 4. golds gym 5. sinead o connor 6. crude oil prices 7. final destination 8. benjamin moore 9. luke bryan 10. metrolinkand yes, maybe the muscle-heads are a little confused for what they are searching for at the number 4 spot.
Priceless........the eternal that is.
hahahah
That's exactly what they want you to think. The real top search trends are
Longslide .45, with laser sighting
12 gauge combination pump autoloader
phased plasma rifle with a 40 watt range
the uzi 9mm
Except in the UK, where apparently they've been so PC whipped for so long they don't know what makes for good billy clubs or jimmy sticks any more. Sad that.
12 gauge combination pump autoloader
!!!!!!!!!!!!!!!!!nothing better for crowd control.
Much prefer!!!!!!!!!!!!
Hey pal only what you see!
Hey! You cant do that in here...
WRONG
sinead o connor? Is that that bald chick from the 90's. What did she die or something?
Grew hair.
And ventured outside.
the number #1 spot should be SDOW.
As much as I love the meltdown, I like the riots in London better!
i don't get, why poeple are getting happy when market crash? Realisticly... nobody is going to change the corrupted system. Rule #1 is the self preservation. So till we change the generation, nothing will happenes.
Except we will get high enemployment, lot's of crime and retarded future.
CRAP NOW YOU TELL ME, we need a crash ??..........geez
money to be made in a crash is much sweeter.
learn and live,
Youre not happy when you see a tornado coming, youre happy when it blows over.
so, DOW up by 500 tomorrow... then down by 600 on fri...
hey, I think I'm getting the hang of this...
Traders have to put food on the table too.
Trivia for today:
Closing TRIN today was 5.48
5-day ARMS closed at 12.57
10-day ARMS closed at 22.47
14 consecutive days in a row of -1100 TICK or worse
(New NYSE record)
5 consecutive days in a row of -1400 TICK or worse
(NYSE record made yesterday)
5-yr. yield closed at .90%
10-yr. yield closed at 2.08%
on Wed, 08/10/2011 - 15:52
#1547833
down over 400 points isn't it about time for zh's resident genius world's worst trader to post something along the lines of the tick is down a kajillion, and it's the buying opportunity of a lifetime, which of course, he has no intention of taking advantage of since he's still too busy processing the same 1099 he processed last week for the bank.
I swear that RoboTard is the spawn of Niederhoffer, John.
He just has to be.
i don't know who neiderhoffer is but if he's a 'tard then i'm in total agreement.
tard +100000
Niederhoffer was a former BDS who went Full Retard, resulting in an epic wipeout:
blowing upso many 'tards, such little time.
oh. i thought he was the dodger relief pitcher that kept giving up those game winning homers in te 1985 NL playoffs.
either way... dastardly.
Nice article, if a little fawning.
It's all a dream It's all a dream.
I am fine I am fine I am fine.
The market luvs me it really really really luvs me.
Robo - just keep repeating the above --you will come out of it. Broke is not the end of the world.
Well you gotta hand it to him.. he finally showed up on a down market day, hopefully humbled for once. In other words, don't invest your money with him. Can't have permabulls clouding anyone's judgment..
so now we are into trivia instead of charts?
Is that High Finance game show still running??????
GUTS!!! hat tip to you sir
XRT -5% today, more than 25% off in what seems like days.
You pumped that one hard
Comment?
Should I buy Chipolte or Travel Zoo of Lulumelon?
good laugh
Green Mountain Coffee to the moon
Thanks Robo! Good stats. Luv how the sukkers dismiss you.
Keep it up!
stats are for losers. You like them. Fits.
You made how much today? Not in absolute value terms, please.
Spectacular comrades, si se pueda! Almost as good as our markets in Havana!
Spectacular comrades, si se pueda! Almost as good as our markets in Havana!
Fearless leader will hopefully change it all.. from the links on Martha's Vineyard.
2008 redux 600down one day 400up next day 700down next day 300up next day 500down next day Just rolling thunder ...the storm will pass and leave you hungry and wet.
Punish!
Flush!
now how about those CME ES margin hikes?
Snoopy
A couple more weeks and it will be time for another reverse split of Citigroup. Maybe Bank of America can reverse split at the same time to save costs.
We will always have the love and comfort of each other.
Yes!
Check out the headline on Google Finace...
http://www.google.com/finance
Hilarious. I wonder if they used the alternate headline for what would have been had Ben's words meant anything.
UPDATE: Looks like they swapped it out... here's the screenshot from a few minutes ago though...
https://picasaweb.google.com/lh/photo/766P1K7b00osOMwPoMTa-w?feat=directlink
That's what RoboTard uses for his trades.
It's not like a Bloomberg, but more like a Flintstone.
Speak of the Tard, there he is (down below)>
I picture Robo as an etch a sketch kinda trader.
I'm just saying that the market is way oversold, and a huge bounce could come in and take out a lot of late shorts.
Strong chance we run back up to the 200-day and tag it from underneath, by that time the 200-day EMA will have rolled over in a downtrend and that will be the ideal place to load huge on the short side.
I'd be scaling in longs for a trade and closing out shorts right now.
And how is a collapseing European Bank sector going to help US equities mkts 'run back up to the 200 day moving avg and tag it from underneath'?
It sounds vaguely erotic...but not realistic...
Reality doesn't figure in pig Market moves.
XRT?
Explain your pump
You are assuming that normal market tendencies will prevail over extraordinary circumstances. Yes there will be a correction, probably a big one, but in this current environment I can see another the markets down another 10-15% before that happens.
'tard at spoo 1350: 1500 here we come.
'tard at spoo 1250: buying opportunity of a lifetime
'tard at spoo 1150: double buying opportunity of a lifetime
'tard at spoo 1100: "alms for the poor. alms for the poor."
pypf ( piss your pants funny ). I should have been wearing depends diapers before I got on zero today.
Dip a toe in this is your chance to be a hero.
Put it in there big boy.
Lay out your play?...................
Jim is that you? Love your show man! Those rolled up sleeves are the bomb!
The market can remain oversold for as long as it remained overbought. About two years.
Get your adult diapers ready...and start sending out your resume. I hear there is great advancement potential in the janitorial arts.
Is it time to bury my nuts yet?
Dude - it's been time to be burying those nuts for a long time now!
"Doin' the job...Bank of America" NOT!
Where the fuck is Liesman?
Try the local Shoney's, where he can be seen busting the buffett table and wiping his mouth with his tie after trip number 14
I think he's crying in the bathroom at the CNBC studios.
He's locked the door and refuses to come out.
His shrink is on the way.
Steve, come out of the closet. . .
Americans in the know say:
Good going, Bernankstain. Give yourself a hand, Timmmmmayyyy.
This might be the dumbest NY Times editorial I've ever read:
"Half-Measures from the Fed"
For starters, the Fed could take modest steps, like shifting its portfolio toward bonds with longer maturities, which would help to keep long-term rates low and nudge investors into riskier investments. It could reduce the interest it pays on the banks’ huge reserves or even tax the reserves to try to encourage more lending. It could also resume buying Treasuries or other securities to provide additional monetary stimulus. A more aggressive strategy would be letting inflation rise above the Fed’s comfort level of 2 percent or so to, say, 4 percent. That could help the economy by easing the repayment of debt.
In the absence of stimulative fiscal policy, even assertive moves by the Fed are unlikely to turn the ailing economy around. But they could help, if only the Fed would deploy them.
http://www.nytimes.com/2011/08/10/opinion/half-measures-from-the-fed.html
Haha, yea, let's tax excess reserves so that 2 trillion dollars floods the general economy. I'm sure that won't cause hyperinflation or anything...
People don't get it. Inflation is NEVER going to make it into your paycheck unless the ENTIRE world crashes at once and global labor arbitrage is taken out of the equation. Let me repeat that: NEVER making it into your paycheck. EVER.
You will pay more for things you need with the same amount of money or less. I like to call it hyperbiflation. It is the worst possible scenario because there is no debt relief from it and daily staples go through the roof.
geez , who knew , NEVER!
Is that in Timmay speak NEVER!
If you are still getting a "paycheck" then you maybe ok.
Ask Robo.
I thought it was already called stagflation
Ooooooh "HYPER-BIFLATION"
I love it. You sir, have hit on something worthy of serious consideration.
You think? I'm considering a (TM). Thoughts?
Actually we have deflation in the things we buy. Smaller ketchup bottle for same price, etc.
Damn, give the NYTimes a monkey and a tin cup, I guess the begging has begun. Please o great Bernanke please give us some of the hoppem we neeeeeds it!
You once saw an intelligent editorial in the Slimes?
This might be the dumbest NY Times editorial I've ever read:
How many thousands of dumb NY Times editorials did you have to read before coming to that conclusion?
.
isn't it about time for the asshats to talk about how the stocks are forming a bottom, here?
then they can predict something or other, while talking about what the FED must be planning to do, next...
maybe they can make the connection to something in the past, like prez0's 47th bithday. that would make for a compelling argument, eh?
Fukashima is "forming a bottom" as well!!!!!!!!!!!!!!!!!!!!!!!
shit even had a blow off top or two.
hehe
This whole 'affirmative action in the White House' thing is really working out well for the country.
CSCO taking off after hours.
Not that Chambers had anything decent to say. They actually missed again.
But this time, after 3 warnings and 3 huge gap downs in a row, the shorts pressing their bets for a 4th shot in a row are getting taken out back and shot.
I remember an old saying by Bob Brinker when the market gets way oversold and the market takes off despite bad news: "Market Internals Dictate Price Action"...LOL...
If you don't by now know that any gains this makes in the AH session will be met with massive dumptrucking first thing in the morning by people desperate to get the fuck out of this market...then you are even dumber than most of us think you are.
If you want a little glimpse of what CSCO will look like tomorrow...look no further than the BAC chart above.
you said the same exact thing about csco taking off in may after their earnings release, and in feb etc etc... only to see the stock down from $22 to $15.
robottrader: living the life, and still believing in the tooth fairy.
btw: gentleman jim sinclair sends warm regards from $1790.
You must be on the hook for a lot of shares. You said the same thing last quarter when they took a $7+ bath in a week.
charming , any other pearls there Robo!
That BAC chart is just hysterical. I love it.
Just 20 more days like this and the painful slide is over.
I saw this randomly generated license plate recently.
HA8 DOW
Break 10,000 tomorrow?
I've got my hat ready!
Regression to the Mean - it's not just a bunch of words - it's the Law...
friday ..down 513.... 8th worst dow day ever
mon....down 635 ......6th worst dow day ever
wed.....down 520.......7th worst dow day ever
wonder what friday brings
Let's not forget manic Tuesday, down 200 then up 400.
Gold $1795.50... Wait till Asia and the Europe join the parteee...
http://finviz.com/futures_charts.ashx?t=GC&p=m5
DOW 10,000 rally caps bitchez!!!
Note the slip: "I'd be.."
Not "I will". Not "I'm going to". Not "I already have".
Just "I'd be.."
He hasn't even got a brokerage account. Or a wad.
here is a piece that you want to listen to.
http://www.youtube.com/watch?v=IF24atvNkSo
Jim Sinclair interviewed by James Turk
I noticed. Was painful yesterday, though, since my freshly established shorts went up (i.e. down) 6% immediately. I don't even know if anyone in the mainstream actually listened/read the announcement and saw that banks will make zero profitz in the next two years with huge downside risk due to debt exposure.
.
Oh, Johnny Cash is singing again!!!
DOWn, DOWn, DOWn in a burning ring of fire...
We all know where this is going... CoG coming to a city near you. Got Guns, Grub and Gold????
https://www.gunsgrubandgold.com/forum
Cities suck. Join one of the plains horse tribes. Follow the herds in a good way.
Nomads, bitchez!
Cities do blow.
Keep in mind that 15-AUG-2011 is the 40th anniversary of Nixon taking the US Dollar off the Gold Standard.
We may be in for a Mayan Apocalypse.
Will SOMEone please take care of business and clean this goddamn mess up?
http://www.youtube.com/watch?v=-9-R9S1m4dA&feature=related
I sent the customary text msges checking on London friends, using the tag "How's downtown Mogadishu?" while things were still hot.
Fucker stole my line: http://www.spiegel.de/international/europe/0,1518,779318,00.html
When France gets hit by the downgrade (oh, sorry... "if") I think that might be a tipping point - someone, today, actually said to me "You know, I wish XXXX [partner] had bought gold, but its so hard to get hold of". My thoughts "All too late my dear, all too late..". EU media seem to be gearing for full SHTF mode already, esp. on the Dow's fantastic performance today.
http://www.youtube.com/watch?v=tQLrnN3qsDs
Gold at $1806 on the Globex open. Silver is acting like a monetary metal and looks like it wants to break $40 as well.
Tonight/tomorrow should be interesting.
http://silverdoctors.blogspot.com/
Bet anything that tomorrow is going to be a truly bloody day for the markets.
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Garden Decorations
Wholesale Tellurion
Wholesale Umbrella
Wholesale Coaster
Digital Photo Frame
Photo Frame
Stuffed Animals
Heating Products
Digital Photo Frame
Wholesale Pen
Lunch Box
Health Care Products
Coca Cola Gifts
Sport Items
Coin Bank
Wholesale Thermometer
Wholesale Vuvuzela
Home Appliances
Wholesale Towel
Wholesale Gift Bags
Wholesale Stress Ball
Wholesale Scissors
Wholesale Wallet
Wholesale Vuvuzela
Wholesale Cooler
Automotive Products
Wholesale Carabiner
Baby Products Suppliers
Wholesale Cooler
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Fishing Supplies
Wholesale Binoculars
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Digital Photo Frame
Tangle Puzzle
Beauty Equipment
Inflatable Products
Name Card Holder
Wholesale Raincoat
Digital Photo Frame
Outdoor Leisure Products
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