This page has been archived and commenting is disabled.
Market Stoned Like It's 1999
Presented with little comment but we thought, given the exuberance surrounding Facebook, ZNGA's rally, and FFN's double, that we would point out that the four-week average volume on the NYSE has dropped to levels not seen since, yes you guessed it, 1999.
Chart: Bloomberg
»
- 18698 reads
- Printer-friendly version
- Send to friend
- advertisements -
Did people stop playing cuz the casino is (too) rigged?
People are broke and taking their "savings" and using them for stuff they need today.
Yep! Charlie Brown has figured out Lucy is never going to let him kick the football.
tomorrow's fabricated nfp # should be good for 20 handles
IMHO, Gold @ US$2500 will break the Green's back.
Trump endorses Romney!
What an election this is going to be: a banker versus a banker's bitch
This just broke on Marketwatch
Fed should not take foot off gas: EvansWASHINGTON (MarketWatch) — The Federal Reserve should take more steps to boost demand, the president of the Chicago Federal Reserve Bank said on Thursday as he continued his campaign for looser policy.
In an interview with reporters at his headquarters in downtown Chicago, Charles Evans said his preferred next easing step would be for the Fed to keep rates at low levels until unemployment falls below 7% or inflation reaches 3% over the medium term. He called this “enhanced forward guidance.” [I call this total Bullshit!]
If his colleagues on the Fed do not want to take this step, then Evans said he would back another round of asset purchases, or quantitative easing.
“In the absence of an ability to get to an agreement on enhanced forward guidance, I think there is a good case for asset purchases,” Evans said.
“More purchases of MBS [mortgage-backed securities] could be helpful,” Evans said. The Fed could also purchase Treasurys, but would need to keep an eye on disrupting markets. [not disrupting, but bumping it up, constantly!]
“I would be aggressive,” he said, noting that some private forecasters have suggested well over $1 trillion of asset purchases would be needed to get the economy on a sustainable path.
“The normal channels of monetary policy are clogged at the moment,” he said. [What we really need is the giant toilet plunger of all time, to spew money wildly out of the toilet, because with what they're doing to the currency, there isn't much difference between paper money and shit.]
“enhanced forward guidance.”
"Enhanced forward guidance" is the politically-correct term for a seeing-eye dog.
What is it about all these PhDs that make them think that easing monetary policy has something to do with employment levels? This joke has gone on far too long. I'm off to pop some corn...
“enhanced forward guidance.”
Aahh, the prelude to Vaporisation!
"normal channels of monetary policy are clogged at the moment"
code for: "modest levels of manipulation, intervention and repression aren't cutting it.. it's time for full throttle Stalinist/Maoist economic control -- stand by for the five year economic plan"
"What we really need is the giant toilet plunger of all time..."
Of course, It's so obvious. Why didn't someone think of this before now?
sounds like they are asking for insanity squared. brilliant.
The chart would be in free-fall if you siphoned off the volume being traded by bots and just showed the volume transacted by carbon-based investors.
ha ha, me too!
http://www.youtube.com/watch?v=WeYsTmIzjkw&ob=av3e
i doubt the people that call Jimmy Cramer are carbon based
Hi, i bougth a position in tvix at the close.... that's the kind of dumb thing one does when they STOP smoking.
my buddy's step-sister makes $68/hour on the internet. She has been without work for 8 months but last month her paycheck was $7255 just working on the internet for a few hours. Go to this web site and read more.. LazyCash9.com
sidkof, you pathetic POS spamming troll, just GTFOH and make your lazycash somewhere else. What a dick!
I'm convinced Goldman and Morgan robots are selling the same one share of every stock back and forth.
Anyway, it seems like going short here is the move. Bollingers converging, SSTO showing overpriced market, and logic saying there's no reason (other than inflation, which isn't a good enough reason given the global risk) to be buying stocks.
Even on a blue chip, you'd be paying 10-15% over fair market value for a 4% yield. Earnings (and thus yields) won't keep up with wage decreases, under-employment, and unemployment. If earnings were this poor during the 4th quarter it will only get worse. A lot of panic buying right now...people thinking they need to own assets (stocks) and inflation hedges (stocks)...they're right in one sense, but they're in the wrong asset, though. They should own commodities, property/land, or gold (i.e. money). Keep a small stash of cash for buying opportunities.
please please, let me get a short right just for once!!!
Stop shorting.
Start accumulating.
Remember: Buy low sell high. That takes patience.
i sold my winning stocks. wanted to make money on the way down for once. i have plenty of cash and 0 patience/.
"Buy low sell high. That takes patience."
Actually it takes balls the size of grapefruits
YA, YA, BDI at 652..
People stopped playing because the neither the direction or the pace has changed. Everyone smells a fix.
Gasping ...out of air ...oxygen, oxygen ...where is bubble-blowing Ben when you need him? ..thought he was helping! ...hell everything else is floating on oceans of counterfeit cash