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What is that stench coming from WS?
Somebody put Mentos in a liter of coke....IWM screamed today
That was the most retarded 30 minutes of stock trading I've ever seen in my life.
MS is now a proxy for FAS 3x bullshit
Broken market, period.
Buy PM's. Sleep well.
Further proof that everything is "fine".
...officials said EU ministers meeting in Luxembourg had concluded that they had not done enough to convince financial markets that Europe’s banks could withstand the current debt crisis...
ie, get the FT, Establishment rag of choice, to print some rumors.
They recently had an article called: "Gold bugs beware: Can we consign yellow metal bubble to history?" written by some laughably ignorant economics PhD, who essentially just rewrote an article the FT had published a year ago. I was amused to see that at least 90% of the commenters came down on him like a ton of... well, gold bricks.
When even the FT's readership understands the idiocy of trusting fiat currencies to hold value, you know there's a fundamental shift in monetary understanding. Positively warms the heart.
Olli Rehn: Everything will be fine! All we have to do is lie harder!
PS. Not Pathetic.. I say Hilarious..!!!!!
Shut up! First rally of the newest bear market. Party on!
ES promptly selling off after hours. Time to reset the draw bridge and do it all again tomorrow.
"Liiiiieeee to me, I promise, I'll believe. Liiiiiieeeeee to me, but please, don't leeeeeeeeave"
As the song goes.
Anybody notice that amazing last hour GS melt-up?
Gee, maybe Reggie should be loading the freezer up with calimari. </sarc>
The flailing of a dying man. Mortally wounded it grasps at anything and everything. His problems have not been resolved. His cancer grows. He fights against the night. This will not pass.
The Black Knight been there, done that.
Moribund geriatrics. A few years back I remember posting something like "...nothing has been fixed. Nothing has been cured. I sense a new bubble forming. Let's call it Anak Krakatau."
30 minutes of retarded stock trading translates to a market that is falling apart. I just hope some small portion of this stays overnight. It looks to me we have room for a 6 or 7% one day drop now. Very bullish for a crash.
I am not buying the idea that there is enough stupid investors with very deep pockets to move the markets in such powerful way in a very short period of time.
I think that there is a distinction between cause and justification, which are 2 different concepts.
The justification for the last hour rally is the silly rumor published in FT. The cause is something else...
I can imagine a huge pump machine operated by a well funded criminal organization and when they press on the machine start button to launch the buy program, it triggers simultaneously a fake rumor in a well respected publication to provide a justification to people craving for an explanation for what they are seeing.
Once upon a time, there were these things called "Fundamentals".
Today, I watched the Russell 2000 - an index of 2000 small cap stocks, move over 7% in 42 minutes.
SEVEN God damn percent!
With no real news behind it, only a rumor from Europe that "By golly, we are gonna do something about this shit, maybe."
Killed me north of 65 grand, which irritates the HELL out of me.
It ain't about the money, money is just a way to keep score, but I really, really hate to lose my ass to a bunch of HFT Mothers that are way too big for the SEC to bother, being busy watching their porn and all. It is sort of like watching porn to see over 4 million shares (of TZA) go red in the last 42 minutes, topped off with 1million in the last 3 minutees. "Just adding liquidity here, move on, nothing to see here."
And AFTER the market closes, Moody downgrades Italy 3 notches, from A2 to AA2. Thanks for waiting, bitchez.
I think Wall Street needs some new decorations on the lamp posts - but that's just me...
totally agree, I have been expecting that kind of move, only Down.
I remember fundamentals.
That was when 8 points on the Dow was a major move up. And 15 points was "Excuse me, I have to pee."
I feel the pain and the anger. I have lost some money too today, hopefully only temporarely.
It is no way possible that honest and intelligent investors are able to move an index this fast and that much in such a short period of time.
They keep changing the rules of the game. I am started to get used to the 10:30AM rally and the last hour rally. One indicator that I have seen to detect these rallies is that as they happen the DXY or the UUP moves in the opposite direction.
That is what has happened today and this how I knew last friday that there would be no such rally last friday.
That been said, I am doing my best to protect my capital in the equities but seeing the state of things, I am starting to be disgusted by the rigged system. I have little remained confidence in the system fairness and I am starting to say to myself that probably the best way to express my disgust is to play as less as possible this unfair game.
Charge them a penny a trade - that will cut the carotid and kill the beast - Just a penny and we can discover prices again.
P.S - They havn't the balls to stand up to the street
These assholes at the Financial Times did this the last time the market was going to crash.
While it is not funny. It doesn't fix anything.
Today's action did not show a captiulation sell off. Meaning it is far from over.
I want to buy stocks for a rebound, but can NOT until their is a real capitulation sell off.
The market is still rigged and only a FOOL's loss to buy in.
It is really a shame that the markets are so broken that the only way to get them up is buy the HFT"s causing a short squeeze.
We may not be able to invest until next year at this rate.
In conclussion to my previous post. My shopping list goes in the garbage until I see new bottoms form.
They are not in yet. What a pitifully broken market.
This sort of churn and bear stop raiding is needed to clear the down pipe. I agree this was not enough volume to tag it as any kind of "key reversal" Looks more like the volume bars are slowely building as the daily ranges plunge farther.
Judging by the trade map, the HFT's were busy shorting each other. Don't know anyone stupid enough to trade in that slop. hopefully they cost themselves a small fortune and dropped their own hedge in the typical knee jerk reaction we've all come to expect from the HFT's.
IMHO there is no investing in this market.. it is all over except for the death twitches.
Speculating and stashing are the only alternatives today.
Think about after Thanksgiving. Wait until the CNBC folks are crying real tears on the show, then buy.
me too. I'm waiting patiently watchin gold drop like a stone and gold stocks melt down and I'm thinking---'hmmmm, no capitulation from the volume----must be selling winners to meet margin---la te da---oh, well--just be patient, oldman'
out to the beach for a coffee and upon return---down 220 and I look at another screen and down 103---and then whoosh!!
Well, it's OK because it shows that these dudes are hanging by Death's toenails---Ive never seen anything like this on a rumor even in a roomfull of wanna-be commodity brokers-in-training.
And I looked up at my old friend Death and he was smiling his grim smile with a wink in his eye----this is going to take a while but the end is in view.
Patience is more than a virtue---it is a discipline om
Now they have to manage the markets with daily jawboning...it shouldn't be long now until martial law is declared.
All what the EU have is ot float a rumor a week to try to see if this will keep the market going. Next week they will say something else. This whole thing is truly a joke.
And down we go again tomorrow...
My company stock (i just work there) was ramped along with the rest, right up to closing. I mean, the entire end of trading was straight up, on no news at all. Then at the end of trading the algos take a breather. The instant they peel off for the day the after-hours trade is sharply down, the entire ramp is eaten in a few minutes.
That's the difference between the machines and the humans.
And notice, they can push it up but they can't hold it up. Not that they care; the final print of the day will get news for 12 hours before reality (the after-hours selloff) comes home to roost in the morning. Rinse+repeat.
Wait. I should have exercised some options on the close! Shit!
christ have mercy is all i have to say. this chart is real natural http://www.hedgeaccording.ly/2011/10/emini-face-rippage-spy.html
hahaha that is good
Holy Crap! I was waiting till the end of the day to add some puts, and that chart is going nowhere but down. Holy. Crap.
Look at that dollar puke at the end.
very very coordinated move... the DX was being sold off systematicall. i saw a bidder show up in the ES CL AAPL and huge seller flash size in DX .. you really think all traders are on the same page like that? bahahha.. i need a drinnk
Post removed: because none of this can be real.
If this was a book, I would put it down. If it was a movie, I would walk out.
Yes. PPT is an incredible force. And now you know that.
Man, the market movers have the best timing ! LOL
What a sham !
Double down fade.
This is getting more ridiculous by the day. Aliens, someone?
GDP positive! More alien rumors!
Or since its the FT, is that rumours?
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