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Guess Who Was Buying At The Bottom
Remember when the retail investor was the butt of all jokes, abused by the "smart money" hedge funds and prop desks to soak up hot potatoes and even hotter grenades? Well, to quote Matthew, those who are last now will be first then, and those who are first will be last: because the dumb money just got very smart. As the latest update from ICI shows, in the last week of May, when all the "smart" money was selling hand over fist, it was the retail investor who bottom-timed the market perfectly.
Perhaps we really are in a New Normal when the one correct indicator of market inflection points are Ma and Pa Sixpack (especially compared to hedge funds who got destroyed in the month of May)...
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Too bad they were all buying facefart.
that was AWESOME. I can't wait for the next "100 billion."
http://www.youtube.com/watch?feature=player_detailpage&v=AjsH5mT33Pg
er, somehow I don't think this is the bottom...
the thought crossed my mind as well.
It crossed the mind of anyone who's paying attention and not just paying tribute to Tyler's bone. The article smacks of desperation. Seeing a lot of those lately. WTF?
They can keep this charade going for a long time, and long term shorts can easily get annihilated. At least while this markets' heart is still pumping it's nice to laugh at the so called 'smart money.'
There's no better customer than a man who can pick up FB at 27 and think he's gotten a steal.
I can proudly called dumb I guess. I would rather be an ugly, poor homeless man than ever be one of those motherf*^king banksters.
https://www.youtube.com/watch?v=jcO3kZpRYsM
Still very small. The markets have essentially become a circle jerk between the TBTF's who will, presumably, take it in turns to declare profits?
I'll take a "crack" at your question TD: Eliot Spitzer.
Oh wait, I thought you asked Guess Who Was Buying Bottom.............
The only thing wrong with him was paying re-tail. You would think the Secret Service could get serviced secretly but alas ... TWIAFU
No need to worry, the SEC will be right there to make sure this travesty of justice won't happen again.
Since when is 1275 on the S&P "bottom"?
1275 is a temporary bottom. Banksters need to make money off of the short squeeze over the next couple of weeks before Europe goes into complete meltdown.
Published on Apr 25, 2012 by CapitalAccount
ZeroHedge Blogger Bob English outlines how Bernanke and the Fed could finally go Bankrupt!
http://www.youtube.com/watch?v=ENA7jtCt0Vw (27:52)
Published on May 21, 2012 by CapitalAccount
JP Morgan's Regulatory Arbitrage of turning Financial Loss into Political Profit
http://www.youtube.com/watch?v=WYw0Ibz-hi8 (28:05)
Published on May 25, 2012 by CapitalAccount
Reggie Middleton breaks down "Muppetology," Face Ripping IPO's, and the Chinese Wall!
http://www.youtube.com/watch?v=kSyPP_1PeWE (28:04)
Doesn't it jsut mean that smart money will try to take the money from retail like always?
Hoping Average Joe sold today...as Wall Street once again goes full on retard buying in a straight line up.
Retail timed it perfectly for a disappointing no-QE announcement in less than a month.
There is still smart money on Wall Street?
Favorite weekly post...you know...after "channel stuffing" at GM.
Average Joe continues to kick ass! The criminal syndicate known as Wall Street...continues to suck ass. My, how the once mighty have fallen.
They won't fall very far with bailouts.
I suspect bailout rumors are all a head fake. This article suggests why they did it. A whole bunch of institutional money off-loaded today.
Tonight I am perfecting my "TEOTWAWKI Beans & Cornbread" ... I stopped paying attention so much to markets. Instead, I buy bulk rice/beans/etc and learn how to cook my comfort foods without fresh ingredients (e.g. cornbread with powdered buttermilk/eggs).
Go Egan, I wish them the best of luck. But it doesn't change the fact that food security is about to become the hottest ticket in the US.
Now, show me how to invest in *that* on an exchange. Oh, right ... carry on.
Regards,
Cooter
Look at Wild Man Steve Brill http://www.wildmanstevebrill.com/ and learn to forage. You can live off the land in your front yard, and get the nutrition you need, as most americans will starve before they eat a single green, vegatarian based meal. Too much of the beans and cornbread, and you might get scurvy..........
I am one of the craziest red necks you might meet in yer life. I was vegitarian for over a decade. I never gave a shit what folks thought about my love of tomatoe, okra, and collards. I think one of the hardest things about moving to AK is giving up my trips to the farmers market; peas, beans, greens, tomatoes, okra. Veggies suck up here. But, you know what, I gave up no-meat and moved to AK to shoot/catch my food and live out of swim distance from zombies.
I will take scurvy ...
http://en.wikipedia.org/wiki/Scurvy
... over not enough calories any day of the week.
Let us all accept, those conditions (i.e. not enough) last a few months and always managed to rectify themselves in history. If the leaders of this country truly let the masses go hungry, all hell is going to break lose in metro areas. Ain't ... gonna ... happen.
I was never veggie for any reason other than what god blessed me for my pallate. I love my veggies. I was also blessed, by god, with a big ass noggin'. I figured out the math about two years or so ago. I am off the bandwagon and really looking forward to bagging some meat ... as soon as I can afford a damn freezer (the ex wife fucked me over good).
Everyone should have a game plan. We can score each other after the house burns down. I hope I place better than most.
Regards,
Cooter
You are assuming this is the bottom.
Yeah, I am not encouraged either way on these reports. I get the trend is bad in a secular way for equity ownership, but not sure I would use it for timing my buys to get in with the masses, assuming some king of paradigm shift. This could be where the old game starts again, albeit on lower volume.
But can they get out within the next 30 SP points?
Who the fuck is calling a bottom?
I have some shit to sell them.
anyone ever hear about this?
http://www.forbes.com/sites/abrambrown/2012/06/06/a-new-way-to-buy-physical-gold/
Dude, let me give you the straight dope.
I live in a small town in AK. 30k people. There ain't a road into or out of this place. Bring on the zombies, they need to swim past the feeder fish to get here! You come in on Alaska Airlines, the Alaska Marine Highway System (ferry), or you hire someone to fly your ass in. That is it. I see "boat planes" all the time in the sky, it is just how it is here.
Recently, there is now an abandoned truck just north of downtown (hint: going from down town to no town is a few bits past a few miles) with a big ass sign on it; www.JuneauGoldBuyer.com.
Let me tell you how it is here; there is not ONE local coin dealer. I looked as soon as I got here. I am stuck buying online. Further, there are two active gold mines that employ a fat piece of the town population; Greens Creek and Kensington.
HINT: anyone following pebble creek can get a hell of a lot of information off the DNR site, of which I just linked to twice. Including that REE mine crap they are pitching; if it aint on the DNR, they ain't filing documents with the state (a.k.a. scam).
Anyway, this is just astounding. Who the fuck, in Juneau, AK, is going to sell a bunch of gold? Seriously? Do you think the miners are going to sell you gold? For fucks sake, there is no GOD DAMN MARKET here. If there was, I would be schmoozing my local bullion dealer.
This candle is lit. That website is a "bulk production" where domains are bought probably on the sole fact of population. Think like a business man. You need to buy gold (a.k.a you are Saudi Arabia looking to cash out). You need peons to sell you gold. How do you do it? Give me a list of all X cities in the US whose population is greater than Y, and hire a bunch of abandoned trucks to park at major interesections with the domain name on it (like its a local business). There isn't time or resources to qualify the value of the investment. Just do it and things average out (a.k.a the business plan).
Thus, my conclusion, that with gold so fucking low, the candle is lit. Buy up, park the metal safely, and watch the returns roll in ... oh, did I say, returns? I meant to say watch the real value of your dollars stay flat, while the nominal score pops a stiffy.
I will be quite happy when I get my first big mammal kill in this season to get my freezer stocked up ... but, like all the other worker bees, I am on the fiat treadmill ...
At least the zombies have to swim here. And the water is fucking cold as hell.
Regards,
Cooter
That might be tough forage. For the big pop, I think that a stockpile of good old fashioned analog pornography is critical. Make sure you have some porn, or life might get real tough.
Aw shit, I just got roped by a mule. I gotta live this down now.
Asshole.
Regards,
Cooter
Go Joe-Six pack!!!
Wow. The Fed-worshipping retail investor finally had enough of zero interest rates and decided to start piling into stocks.
Ben Bernanke scores again.
Come hell or high water, Bernanke was going to drive interest rates into negative territory if that is what was necessary to coax Joe Sixpack into buying some CVX or INTC which are paying better than 3.5%.
Yeah, zero interest rates successfully coaxed investors back into stocks in Japan for the last 20 years, didn't they?
A Yen-Yuan Ball!!!l...swing yo pardner round & round!!!
Pretty sure that was misogynistic or sexist or sumpin...someone will be around to sort me out in short order...lol.
If you take out the stupid Facebook flows, would it still be an inflow?
ICI.org tracks mutual fund flows, FB is not a mutual fund.
Try again?
Hilarious how the "stupid" retail investor was selling silver in droves during the April-May blowoff in SLV:
http://www.zerohedge.com/article/gold-and-silver-bubble-some-retail-inve...
And now they are dipping their toes in the water and buying stocks.
Very smart.
lotta sharks in that pool. you better know what you're doing if you're going to do it to begin with. the good news is that most not only are not in the market but most do not "do the market." I did note John Paulson just spent a fortune on a house. My guess would be his short euro position is paying off big. "No good deed goes unpunished" and once Germany does CORRECTLY bail out Europe it will be costly. "They are going to be forced to live together now."
How cute. You think Its possible to bail Europe out. Aren't you just preceous.
http://www.thestar.com/news/canada/politics/article/1206907--walkom-step...
Stephen Harper’s frank predictions of economic doomCouldn't have happened to a nicer bunch of aholes.
on a long enough timeline survival rate for everyone drops to zero! no?!
wait till that retail gets raped, no, proper fucked... it's all statistical illusion in a small timeframe.
Bottom huh? Some signs say we've only scratched the surface. Likely that retail gets fucked again when they sell Friday's buys at 970.
You seem to be assuming you know where the bottom is, and tht was just it.
Today there was a car chase on Fox. This is an infallible daytraders rally signal. The intermediate bottom IS in.
Either way it goes at least they bought the dips instead of the tips like they used to.
I sure fukking did! Boooyaaah!
And no, I don't have a sixpack - I have an MMA-forged 8 pack.
p.s. It's not the "bottom".
Yes! And we have a very nice range opening up to short again. Now Wall Street we just know you have a another rogue trade cooking somewhere, what with your tail risk leveraged illiquid madness.
Embrace chaos
If retail is buying the end is near. The Fed induced rally will make retail think they are getting wealthy, but it will just be a scam by the big players to sucker them in. The con men are looking to unload the stocks that went on a near vertical trajectory from Jan 1 to May. Most are still up 30% or more.
They want retail to buy in order to offload the worthles garbage that is Priceline, Chipotle, Autozone, and thousands of others.
Retail will buy and lose it all once again. In the history of the market it has never happened any other way.
They'll be selling again when we retest the lows.
to quote Matthew, those who are last now will be first then, and those who are first will be last
More specifically, quoted from Matthew (20:16); also in Mark (10:31). Both are accounts and not the authors' own words.
Bottoms up>
This is not a good thing. The shit will hit the fan shortly. Ma And Pa six pack will be caught holding their dicks again. Very Very SAD!!!!!!
At least pa will be happy.
This is not a good thing. The shit will hit the fan shortly. Ma And Pa six pack will be caught holding their dicks again. Very Very SAD!!!!!!
Hey retail investors - the knife hasn't stopped falling!
this article is bullshit
Where you buy doesn't matter. It's where you sell that counts.
Anyone who downvotes this doesn't understand the math of risk management, and probably has lost 60% of their money in recent years trying to mess around with 3x ETFs.
In case anybody missed Soros' commentary about Europe having 3 months, only the stupid muppets bought back in, and I doubt many did.
And then they pull the article?
Soros knows!
And so does da Muppets!
•J•
V-V
http://news.yahoo.com/blogs/sideshow/66-foot-concrete-dock-washes-ashore...
Is this journalist dizzy? He's asking, "Can it be from Japan?" WTF?!
I'm waiting until the core from Reactor #4 floats up on a California Beach.....maybe that will convince him!
Hang on now...... that dock was delivered as promissed. Don't blame the supplier if letters of credit are hard to get these days and cause delays in shipment. And wanna talk Green delivery? Absolutely no fossil fuels burned in transport.
bottom - LOL
dow price prediction ivars zerohedge and tfmetals, adjusted by goldpricemodel
heheh
long live Failbook
A contrarian day at ZH: The fit is about to hit the shan, but the little man has bought at the bottom. Do tell. Another number of untold months of "recovery" as we will all decipher the next encoded plan to monetize western debt. Twist, QE quinny, maybe something sexier this time? What will it be called? Maybe we should all be grateful for the extra time.
Hey, Bernanke.....FUCK YOU
Very clever post, Schmuck. But Bernanke is busy buggering the bears.
Not that hard to outsmart the ole Bernanke dinosaur.
Today marked a major turn for the markets. Even the previously badly-performing emerging markets are headed back up. Put the bear dogma behind, and don't miss this rally.
I see you've gotten out of your s(k)eptic tank.
Just in time to BTFD.
No one I know bought faceplant. No one I know holds equity overnight. No one I know believes red or blue. Any one who believes the first three was wiped out long ago or shall be as marked. We may turn the other cheek but that was written that we acept stupidity once. Wake up Washington.
False bottom.
Yea, retail investors found their bottoms all right, with both hands!
There are very few retail investors left. Markets are moving on very low volume and a lot of that is from central banks.
Hmmmm Maybe the japs could look at floating trade goods across to USA in the future if cost of oil and shipping becomes to high.
Countries that have natural resources and sea currents flowing across to importing countries could do well in higher energy cost future.
Sailing will come back into vogue I suppose