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Always count on these clowns to move the market !
for real, I visualize them sitting around smoking cigars laughing and plotting ways to panic this sovereign or panic that sovereign, all the while playing the game with money they create out of thin air... *and now the berstank does the chinaman one better by approaching the printer with a single cartwheel, double Pirouette, left handed, reverse tap of the print button to the applause of the fiat gods..bravo bravo* all the while the put/call ratio spikes and the sheeple dump their shares into the groups hands.
Yes rumor was ridiculous - no man at S&P has balls enough to downgrade the Motherland.
I wouldn't touch this market with a Robo's money.
That is a terrible thing to say. I'd buy wineries in Argentina with his money, Leo said it's time.
Does that mean I should sell my chinese solars ?
You COULDN'T touch this market with a Robo's money,
It was a sad day when they let bots trade on the markets. You can't trade with or against machines.
Algos are correlated near 1.0.
If you believe reality is correlated 1.0, then then you truly have no opportunity to profit from capital markets.
How many puts did the cdu buy before?
flash! a-ha! you saved everyone of us!
Now back to our regularly scheduled forced rally on shit news.
All good for the Euro currency itself, and not for the bond holders.
CDU leaders playing ping-pong, not bad. haha
must repromming those cells, those spreadshhets must look good.
...obviously Germany is still not onboard.
...obviously Germany is still not onboard.
Come on Angela! It could be made into a monster, if we all pull together as a team.
I was listening to "Welcome to the Machine" when I read your post. Where in my office are you hiding?
I'm pickin up what you're puttin down. Pink Floyd... a lot of 80s references today.
fuu, I was listening to A Momentary Lapse of Reason just a day or so ago. It was all better with Syd imho.
Enjoy that cigar, HH. By the way...which one's Pink?
As Jim Rogers used to say, surely there is some kind of fee we can pay to resolve this matter.
What's €1.5 trillion between friends?
The European Failed State Fund is a myth. It has no cash and the States that are guaranteeing it are broke..
German politicians are calling for Merkel to come back from her holiday. Fat chance.
TOO MUCH INFORMATION - I cannot keep up!
I'm still laughing at this 'intervention'
Is it just me or does anyone else find it funny that 10 trillion Yen only buys you about 2 days relief these days?
They need to find something a little stronger than the feather they're trying to stop this steamroller with!
Phew, they've got the SPX and DOW back in the RAMP THE SHIT OUT IF slot.
All better now.
The 'bots are programmed to love their owners - but they think. It might not be fair, but the bots are the imperfect tool used to oppress us slaves; if weren't for 'bots, we'ed be be oppressed some other way.
Sustained selling in individual retail names that are extended. Source of funds.
Sustained selling in basic material stocks...no let up yet...even in names that have been obliterated [coal] which are probably good buys for a bounce back.
The algos are just mental today...trading EVERYTHING as one. One day, they will shut down the room with the co located computers next to where Duncan Niederauer takes his afternoon constitutional. This and tens of thousands of banker pink slips...and maybe we can begin the long road back to capital formation in the worlds largest capital markets.
Barring that, and the "joyous" NFP report aside, we are all still just as fucked as we were last night...last year...etc...
We've ONLY had +250 points worth of total market swings positive to negative back to positive all in the first hour....markets all totaly calm!
Every day, the criminal syndicate Wall Street bankers take us closer to total oblivion through the destruction of the market's credibility. Today...a prime example.
That the SEC continues to fail to address HFT and the co located computers is another day of market credibility death. Everyone currently working at the SEC needs to be terminated, and unemployed Average Joes need to be hired...regardless of their professional background. Purge the corruption.
And pull the license at the BlowHorn. The insidiousness of people like Joe Teranova, the Najarian brothers, Cramer [with his perpetual upside down calls]...the whole lot...they all need to go. That COMCAST has also failed to act is ridiculous beyond belief...and I still believe that stock is a short until such time as redress is made.
Add to this the need to pull Ben Bernanke from the Eccles building. Mail out tens of thousands of banker pink slips.
Do these things, and Average Joe can start to get a little bullish on America again. Until then...sell and continue the revolution of the closed wallet.
it's a friday. can't have a down friday, Dat's bad fo bin'ness. i held through 1330 i can hold through a retest of 1230.
Merely a flesh wound
I'm not dead yet! I want go for a walk!
Commence meltup to squeeze shorts.
"We need more bailouts, dammit!"
Why Speculators Should Sell Their Gold Now
Four Factors That Could Stall Gold’s Price Rise...
OT: hilarious 2 min video When Everything is impossibly upside down...
Get ready for the PPT-generated Obama He Gonna Make Him A Speech Rally, while dumping worthless paper derivatives in the gold/silver markets, since the physical London market will have just closed and the gold PM Fix will be complete. Timing is everything. Right, Messiah?
Looks like the PPT cant find the resources to juggle knives this morning.
It's looking like a greased pig contest so far. Got him . . . lost him . . . got him . . . lost him . . .
Something tells me the HFT's are gonna be eatin' pork tonight, though, one way or the other, whether it's theirs or yours.
And as usual Obama speech is good for -100 DOW points every time.
The term "flash crash" is grossly over used. Yes it is very likely to happen again but this was NOTHNIG like a flash crash type move. This was just a well deserved move down, big deal. There was not the chaos and disappearing markets that were present during the real flash crash. Tyler, don't start being like the MSM and throwing undo fear out there.
Maybe I'm wrong, but I believe it's defined largely by its time interval.
Good point though
They're still fretting, a sledgehammer says the weilder thinks only a sledgehammer will suffice. Self fulfilling? i think we're far beyond that
FTSE has gone from down 2% pre-NFP to unch'd to back down 2.4%
I'll WAG DJIA close down 100 - 200.
why do they bother calling it EFSF. It all comes down to Germany deciding to throw more money after bad. France is all in because it's banks are screwed. Holland will do as told. It all comes down to Germany,
See you at the 'D-marks only' beer tent at Oktoberfest. Back by popular demand ...
Ouchy! I did catch a falling knife yesterday at close, but so far merely a flesh wound.
EWZ has a yield of 5 1/2 %
They have hardly any mortgage debt, a growing economy and sovereign debt less than 60 percent of gdp. Cut off my other leg now.
So, Priceline's profit doubling isn't going to save this market? Somebody remarked the other day that we have soveriegn problems, but the corporations are strong. What good are corporate profits when the money is no good?
Corporate profits will be real when the government is no longer manipulating markets. Until then, it's nothing but transient delusional hopium. Anyone who argues otherwise is a shill.
Corporate leaders don't even believe their 'profits' will last. Otherwise they'd be expanding and hiring.
Thanks for setting that straight. It was a crash of some sort, some big money moved quickly out of the market.
Now, where do we go from here? I was prepared to trade the relief or upswing this morning. Maybe this time is still good to short?
I dont know how one trades the 'Cuckoo's Nest', but good luck.
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