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Funny how the tub drains..er, fills up?...when you pull the stopper out.
not if it is clogged
Hot chicks and Range Rovers cure all.... http://hedge.ly/gFWVSm
Nothing - repeat: NOTHING - CURES GREED.
Of course inaction brings back risk on.
Only the Moment Of Truth - i.e. imminent death - may arrest greed - here, specifically, the greed of the elite - AND - since the elite runs the fiat printing press, there will never, ever be a Moment Of Truth. Until the day the masses may rise & cut the heads off of the elite.
They're not gonna break me. I'm not going long this market and I'm not taking my puts off. I don't care if they go to zero.
It's funds running on a momo suicide run. No one should go long in this market. EUR is sellling now, 10yr Italy will hit 7% in the next 48hrs
If it was a stand alone market I would agree with you...but now we have the ECB to play with it whenever they want...they got their BADA BOOM MAN....so they will buy it down I think...but it will go to 7 then 8 then 9...its broke too
F*ck ECB, its run by a mad Italian...it's probably running multi billion euro unrealized losses. He keeps printing, Germany will leave the EU. No doubt about that, or its Weimar Republic part 2. The IMF will eventually bailout the ECB with it's own print job.
Must be BULLISH then.
What isn't bullish?
Penn fucking State
Reality. Not that it matters...
it seems like a serious coordinated actions.
Something is gaming the game.
Look at SocGen today - generally crap results and yet up 7%+, same with Lloyds in the UK. What's the link - the global banking system is massively undercapitalized, so there is a desperation to juice the market.
As for Italy, half the street knows about various games the government has played to make their finances look better. Perhaps the system needs strengthening for coming shocks?
I get the feeling the politicians are turning into daytraders - obsessively focusing on how they can control the markets, because they realize there is nothing else they can do..
Must ....... try.........to.......... hold ............. on........... to ............sanity....
Meltdowns are horrifing, meltups are gazed upon in wonder...my quote
All news is bad, and the market goes up. Price discovery, bitchez!
Is this when asscroft was singing his eagles soar song?
Sorry, soaring down the shitter song by rat fuck and the cheese eaters, on the b side of their album ,"fist fuck me, at will".
Smelly French Sogen banker on CNBC now.
It is funny to me to watch the European Banks selling their soverign debt....and the ECB having to buy it up...or not.....Banker vs Big Banker...lol...when will it ever end...when will it ever end...
I will never have an understanding of how financial stocks could be doing anything other than tanking in these times. Even if they are backstopped all they amount to are zombies. Who the hell actually thinks they are going to be profitable anytime in the next 50 years?
The more apt question might be will they go up in price over the next 50 seconds.
Profit? That's sooooo last century.
That explains my mining stocks performance.....
need profit ?? just hire the accounting firm that thinks your way...the right way
The sector is still trading about 60% below it's peak. I agree that it's a zombie, but as you said, it's a massively propped zombie. That, and people find it hard to resist catchig the falling knife. That can prop shit up for a long time.
Your points are completely correct. I figure if I get angry enough about it maybe that will change things. So far not so much...
It's been another Lewis Carroll kinda day. Es have been chasing a white rabbit up, down then UP!
the powers that be have the formula down - the weak leader resign dance. they can repeat it with the other leaders of each insolvent euro state - dow should be at 14k in a few months.
maybe they will try it with obama - I'll resign if (insert the conditions e.g. full government healthcare, every job a union job, etc etc)
RISK ON STEROIDS
Desperation folks! They know there is no money coming anytime soon so they do waht they can to keep the mirrage! It's funny because all they want is gov dough, in order to get it markets must plummet, yet they, wanting to be IN while it happens, send markets higher, on low volume though, hence FEDsters NOT GIVING AWAY THE PRIZE! Ergo, no money coming because greedy bancheros can't "figure it out" hehehe!
I still think a sell off before year end ramp up is in order! Say around 1178ish or so?!?! Well, I don't mind since physical is my game! And some puts/calls every now and then, otherwise this market is for algo-HFTs and suckers, at best!
I promise the floor is 1350 for year end. Bank it. No, I don't like this, but it's reality.
Nothing says "merry Christmas" like $100 per barrel oil.
Nothing says "merry Christmas" and "happy Hannukah" like $200+ oil. Just wait until Israel strikes at Iran.
Iran may surprise and kick their ass.
Need a silver bullet to kill this market.
If the potential bankruptcy of the European Union, with the political instability we are seeing now, cannot kill this market, then there is nothing that can kill it.
that's the perfect statement to illustrate the mindset of those who jump in near the end of a rally, only to see it drop 10 - 15% in a few days...
There it is. Energy is the only thing that matters. If $100 per barrel oil is good then $150 per barrel should be outstanding. Let's see if TPTB can get us there before the next election.
Impossible to short it and imprudent to long it (what's that? you have a stop loss...good luck with that when the SHTF.
Only way to win is not to play. A pity.
So where is the David Rosenberg recession? Where is the Bob Janjuah sell-off? Where is the systemic CDS-led domino-series collapse of the EZ? Where are these things? Around me all I see are fat bulls charging with smiles on their faces.
LOL- yeah, they're just killing it, aren't they? They just went net-positive for the year two days ago- HUGE BULL MARKET!
Lol--my sentiments exactly. These stupid assholes gobbling up cramers new book--getting back to zero.
"Getting back to Zero"
Good stuff mate. Green arrow for you.
Yeah,Cramer will get you to Zero.
Lol hard at that !!!!!
Chicken manure bitchez!
Has the shorts given up yet? The market will be pumped until the next fed chairman appointed.
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