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We're lookin' good for tomorrow...
I am going to learn to speak Japanknees. Could be useful
good times, noodle salad.
GS closed at $97.86, just above its new 52-week low. Morgan Stanley also took out its lows. I could see Goldman shorting its own shares on this huge ride down and making money. Morgan Stanley isn't smart enough.
Great times for the financials. And yet the water ferries still whisk the Wall Street crooks back and forth across The Hudson. I hope some of those fuckers lost it all today.
what does it mean when you lose someone else's money?
A sweet gig, while it lasts.
not much longer now, every ponzi comes to its grinding grizzly end ...Blankfein, Dimon, Bernanke, couldn't happen to a nicer bunch of cunts
I would love for all of them and Buffett to be coughing up their feces until they finally shut down to take the dirt nap they deserve. F**kers.
did we run out of vapor yet?
nope, we've got cases left.
how 'bout now?
I just checked a few minutes ago but now we're all out!
Thank god I didn't pull the trigger on those October 22nd QQQ puts. I had my finger on the trigger and said, "fuck it. I'm out." I don't want back in, even though they would have made me money. TODAY. And what about tomorrow and some bullshit announcement? I lost a lot of money playing these games. I have learned humility.
And what are these markets going to do without all the pigeons like me that want to short the shit out of it but won't come back in because we've been fucked 1,001 too many times? Good luck, cocksuckers, you drove your customers away. Now let's see what you can do.
Quit whining....did you have a plan...a target..a stop loss>>>doesn't sound like it! Buy damn straddles till it breaks the top or bottom and if you are not sure where they are.....I'd suggest you comment in the National Enquirer>>
Thank you for that foolproof strategy. Where can I send the check for your consulting fee?
Straddles, wow, that's so fucking foolproof. /bows before your greatness.
Good luck with stop losses. The HFT drive the atock prices down until they bounce off your stop. I've had that happen in several ETF's and other stocks. I thought I just had bad luck then I begam to realize the games they play.
Yep, been there, watched it happen so fast I couldn't even get to the mouse to cancel...60cents down and back up before you could hiccup. Don't much use stops with ETFs any more.
straddles.. that easy huh. ? good one. lol
That's why I used Friday's SPY puts. Minimum premium. Doubled my money in 15 minutes. Premiums ATM were $1.50, instead of $5 for the October's
That being said, the AUD/JPY cross, with almost perfect correlation to ES, says we should be at 1100. It's not too late to short this.
It is for me. I would rather sleep well at night. I will hold my reserves until I buy more shiny objects.
Did you miss yesterday's article about trades taking place 190 ms before the quote even existed? I'd say TPTB are far beyond needing actual humans in the 'market' anymore. Even a casino has to have some level of integrity, Wall St. on the other hand, merely needs the SEC to STFU and go back to watching tranny-midget porn.
I feel your pain. My fucking QID is finally going somewhere. I guess I was naive enough to think that the Fed couldn't keep pulling rabbits out of its hat.
Ditto. Only a few days ago I posted that it's a risk on world, and I regret that bitterly. I'm out, but it was easy while it lasted. I'll stick to buying physicals and being a spectator for awhile. It's tempting to envisage a rally tomorrow after such a hard sell today, but I think the article is spot on about the last credit-equity relationship and according to the charts, the sell off has legs. So, interesting days ahead and I get to sleep at night.
after what came out from the fed today, your shiny objects have seem to have some downside. be advised
The markets are always trying to psyche us out. Clear your head and jump back in at the right time.
Just buy the f*cking dip.
Whatever "risk-on hard-on" was left is now limp.
wank on, wank off.
People in the business are now walking around with The old white elephant -- front pant pockets turned inside out, and the zipper down and c*%k hangin out....thanks Ben
So Rule 48 tomorrow morning and a benign beginning of the day I presume?
Unless you're SocGen;)
The equity market has devolved into a barometer for monetary expansion.
So they got to trim the sails a little more, but then it'll move sideways until the next time the Fed prints.
I think it's pronounced:
What's left? Gold...
..and still affordable.
pick one: a) dirt b) silver c) water d) magnesium
@WVI props! and me wife is bringing home the wine!
gold miners. If gold holds they will be the only place to pick up gains. Watch them rocket once everybody figures that out. I'm switching all my gld for gdx tomorrow.
agreed. mutual funds or pick stocks though?
Seriously.. you haven't learnd a damn thing in the 3 weeks youve been on this site...its called DEFLATION!! (more technically stagflation but its assets that are getting the deflating and commodities that are getting the inflating) is gold an asset or a commodity? f-ing gold pumpers wont be happy till they lose everyone elses money along with their own...
Hello Troublesum. Rough day? That's too bad and I feel for you, but I don't like being a whipping post so a couple of points in my defense. I've been reading the tylers regularly for over a year. Just never felt the need to get involved with commenting until the wheels started to come off this market. As to your hostility.. 'Methinks you doth protest too much.' Go back through those three weeks of posts and you will see that my calls have been dead on and as I have been trading off them, I have been having a very good year. What exactly is it you'd have me learn? (How to spell "learned"? I've mastered that one already--keep trying and someday you will too. I believe in you.) Am I genius? Probably not. But I read a lot and can think for myself. The scenario at the moment is this---flooded M1 in a deteriorating macro environment. No catalyst at the moment to drive gold wildly higher, yet also too much concern about currencies to drive it much lower. In other words, not unreasonable to expect that the price of gold will hover close to where it is. Gold miners have hugely lagged the advances in gold, so much so that the operating increases are negligible and profits will be very impressive. Hence my call to shift from gld to gdx. You know it makes sense, otherwise it wouldn't piss you off so much. Let go of your hate, Luke.
Did you even read the article? Or better yet, a screen?
Not sure which commodities are inflating at the moment. Sure seems likely they will in the future, just not right now. So I'm not sure if I'm agreeing with your DEFLATION!! or pointing out that commodities are *not* inflating atm.
What happened to gold during late into Jerry Ford's term and all through with that co** s***er Carter? Huge debt hangover from JFK/LBJ's Vietnam War. Same thing today as Carter but about 20X worse with the Kenyan muslim.
But... but... didn't Paul Krugman said that deflation is bullish for gold!?
Gold miner stocks. Key word: stocks. They're stocks. They are not gold. Ergo, stay the fuck away.
Miners have other risks:
-- expropriation or higher taxation
-- mismanagemnt (hedging)
Stick to the hard stuff: physical gold!
It surprised me a bit that the FED chose to throw stocks off the cliff today. This was the one area (although with no major support) where people could actually smile a bit when they opened their 401k statements and have a bit of confidence. They have lost their jobs and the FED can't help and hire anyone. Their homes are worth less than their mortgage and the FEDS can't increase house prices or demolish homes to spur demand. The only thing the FED could have done temporarily to save what is left of the US consumer confidence was to print more and save the stock market. Instead, they chose to let the stock market die and with it any remaining consumer confidence and any chance of the annointed one getting re-elected. Interesting ........
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