Market Snapshot: Just The Facts

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Wed, 10/05/2011 - 17:09 | 1742900 trampstamp
trampstamp's picture

Man if that dollar breaks the head and shoulder tomorrow looks like we may have another up day. Crap.

Wed, 10/05/2011 - 17:11 | 1742910 Scalaris
Scalaris's picture

facts you say?

- does not compute. 

Wed, 10/05/2011 - 17:16 | 1742923 sheeple2012
sheeple2012's picture

perfectly rational 75 handle rally in a day and change... because uhh, umm...why again? 

Wed, 10/05/2011 - 17:16 | 1742924 arm50
arm50's picture

We will see $8-9B reverse-POMO tomorrow. Should be interesting.

Wed, 10/05/2011 - 17:20 | 1742937 disabledvet
disabledvet's picture

You forgot to add "and 50 billion dollars really isn't all that much cash on hand." Other than...pretty good!

Wed, 10/05/2011 - 17:22 | 1742945 Zonker
Zonker's picture

Another huge missed trading opportunity by ZH... 70 handles becuase the sky is always falling

Wed, 10/05/2011 - 17:27 | 1742959 buzzsaw99
buzzsaw99's picture

you should go over to ibankcoin. they have been long throughout this selloff and are up like 145% over the past three months. lulz

Wed, 10/05/2011 - 18:09 | 1743096 walküre
walküre's picture

The experienced ZH community bought the oversold market and is selling into this rally.

I suppose you might be one of the few that are thankfully still buying. Keep it up.

Tomorrow is another day.

Thursday is no POMO on deck, FWIW and Friday is more POMO.

Trade it accordingly.

 

Wed, 10/05/2011 - 17:45 | 1742948 Cult of Criminality
Cult of Criminality's picture

Well until tommorow

 

Shiny Happy People... REM....

 

http://www.youtube.com/watch?v=S8afojtw4UE&feature=related

Kate is so hot I had to watch it twice....Feel the energy rise up your spine with her voice,You deserve it.....Feel good !

My best to all

Wed, 10/05/2011 - 17:27 | 1742960 paul_Liu
paul_Liu's picture

Tyler, Please continue your fight with MS.

Wed, 10/05/2011 - 17:32 | 1742976 RobotTrader
RobotTrader's picture

Oh well.

Both the Nasdaq McClellan Oscillator and Summation Index turned back up today.

http://stockcharts.com/freecharts/McSumNASD.html

Yahoo Finance reported a massive surge in breadth also.

Richard Russell's PTI indicator last night was +8.

So it is still a green light for the bulls.

Wed, 10/05/2011 - 18:28 | 1743148 SheepDog-One
SheepDog-One's picture

Hey how did all your indicators work for you when you charged in all long at DOW 12,700?

Youre such a total ass hat.

Wed, 10/05/2011 - 17:32 | 1742979 SmoothCoolSmoke
SmoothCoolSmoke's picture

Leisurely adding to SPXU, FXP and MS puts.  SP 1000 coming before SP 1200.

Smoking MacBerans Mature Virginia in a Boswell Lumberman on the ride home.   Night all.

Wed, 10/05/2011 - 17:33 | 1742983 Zgangsta
Zgangsta's picture

Argh, I hate all of this foreplay!  Let's just get straight to banning all shorts and margin, and let the chips fall where they may.

Wed, 10/05/2011 - 17:44 | 1743028 LeonardoFibonacci
LeonardoFibonacci's picture

When the gubberment supports its banks like US of A did 3 years ago, we are communists period.  And Zimbabwe Obama should go back to Africa!

Wed, 10/05/2011 - 17:56 | 1743055 slewie the pi-rat
slewie the pi-rat's picture

My name is Wednesday. I'm a cop.

Wed, 10/05/2011 - 18:07 | 1743089 John Law Lives
John Law Lives's picture

The stock market and the real economy exist in different realms.

This is reality in the US:

http://blogs.wsj.com/economics/2011/10/05/nearly-half-of-households-rece...

excerpt:

"Nearly half, 48.5%, of the population lived in a household that received some type of government benefit in the first quarter of 2010, according to Census data. Those numbers have risen since the middle of the recession when 44.4% lived households receiving benefits in the third quarter of 2008."

 

Wed, 10/05/2011 - 18:18 | 1743116 chump666
chump666's picture

This is a mid week squeeze, given oversold levels you gotta expect this, but, it won't last.  The rumor melt-ups are good for 48hrs max, so they pumped another session (last) full of BS.  I don't think the market is buying on the rumor, it's just covering short positions.  There will be resumed selling into the close of the week and into next week,  Remember Asia was selling yesterday and Copper has been selling since Sept 2011.

Oil went bid as Asia (net importers) is going into a hard landing.  Good job Europe...

Wed, 10/05/2011 - 18:22 | 1743129 chump666
chump666's picture

...and if CDS spreads don't narrow for Asia during their trading session. 

US/EZ markets will get the wake up call from hell.

Wed, 10/05/2011 - 18:26 | 1743145 SheepDog-One
SheepDog-One's picture

All conditions will be different within 12 hours. Trade accordingly.

Wed, 10/05/2011 - 18:31 | 1743161 msmith
msmith's picture

The SPX sees a potential pullback before the upside resumes.  http://bit.ly/nomuaV

Wed, 10/05/2011 - 22:14 | 1743954 El Hosel
El Hosel's picture

msmith

  ..... Yeah, the SPX is UNCH the last 12 years or so. Wake me up when the "upside" resumes. 

Wed, 10/05/2011 - 18:47 | 1743230 nyse
nyse's picture

Key: "professionals do not seem to be the ones holding this up."

Bingo.

Wed, 10/05/2011 - 20:17 | 1743599 jm
jm's picture

Funny, I talked to some professionals today with some HY energy producers they broke...

Wed, 10/05/2011 - 18:53 | 1743247 RMolineaux
RMolineaux's picture

A suggestion to Tyler:   In your current analysis you have come to rely a lot on the movement of credit default swaps (CDS) as a data trend .  This may at some point backfire, since their prices reflect the passing opinions and emotions of speculators and little else.  CDS are at the center of the derivative superstructure and are a recent (and unnecesary) addition to Wall Street's new and ingenious methods of skimming the cream from the economy.  Until a few years ago, CDS were used almost entirely in the municpal bond market, unti some Wall Street hotshot decided it could be a good source of fee income.   Then, without reserves or supervision, the value of

 

 

 

 

 

Then suddenly the market balooned out into insured amounts of unbelievable size, with non-holders getting into the crap-shoot, on the pretext of adding liquidity.  (Where have we seen that pretext used before?)  In my opinion, all CDS should be legally nullified, with premiums returned to purchasers with interest.

 

 

 

 

cd

Wed, 10/05/2011 - 23:03 | 1744051 PulauHantu29
PulauHantu29's picture

You can't eat the damn stuff!

 

Gold’s Still A Great Investment, Says Frank Holmes–The Price Will Double


By Henry Blodget

 | Daily Ticker – 9 hours ago http://finance.yahoo.com/blogs/daily-ticker/gold-still-great-investment-...
Wed, 10/12/2011 - 11:29 | 1765877 karmete
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