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I got Queen's "it's a kind of magic" in my head now!
Hidden Camera catches footage of Bernanke and Geithner discussing QE3!!!
very clever of them... gotta make sure that the market buys it.
That's a sweet Panerai! Big dick playa!
That's a sweet Panerai! Big dick playa!
The phrase "stuck on stupid" jumped into my mind upon seeing the charts.
I'd be rater partial to ELO's "Strange Magic" myself.
thats a 56 point divergence for ES? only question is what day will be the 50 point gap down...trapping all newbie bulls?
Peter Schiff was right about the rest of the world decoupling from the US. He was wrong about which way the respective markets would head
shorting is a moral hazard
stay long my friends
Stay out of the casino
Can someone please explain the divergence between physical and GLD today? Thanks, in advance.
gld ticker reset is at 4pm. gold comex reset is at 1:30 pm. there is no real divergence. mot yet anyway.
Well, i have to say IBEX is fighting the spanish reality pretty well too...
Bears seem to get shafted every day, because TPTB drives stocks down intraday to keep hope alive.
Lots of guys I know are still clutching TZA, FAZ, etc. sitting on big losses, praying for a steep drop so they can get out.
I know one guy who shorted 1,000 shares of JPM on the big breakdown at $34, he's screaming bloody murder right now.
10 put options at 34$? That's only about a 300$ loss.... your friend is high roller he?
These two share a cot at the local mission.
I'm LMAO, Robo just does not get it!
Let me help you revise that first sentence..."because sellers take profits and TPTB drives stocks up intraday to keep hope alive"...much better now.
Like John Paulson you mean?
Glad I don't know RobotTrader, he laughs at others misery and degrades women. wow, 1,000 shares, LOL!
Short 1000 shares? He only lost 3.5K, it's SO nothing! On the other hand, if the market did tank, JPM could be a 15$ stock.
Pfft, some crowd you hang with, big rollers lol. 1k shares? He'll be in the money soon enough.
here's some Bear Food
but is it a bear trap?
Dear Robo, That's what the Elitist Owners of the HFTs do. They monitor the record short level and say, let's steal their money. A privledge that special software allows them to do. They see all orders and shorts as dollar signs.
With no volume, it is nothing less than a rigged, dishonest market.
Did you notice how they did manage to get rid of some of their own supply in the afternoon.
What's a shame is they are scaring off real investors forever.
Robot, you must be one of the few making coins trading among ZH bloggers
Ras Bongo, back in the kitchen please, Robo needs his dinner cooked for him.
This whole process is hilarious.
Good news = Good news = Market goes up
Bad news = QE 3 = False Good News = Market goes up
Maybe I'm one of the few people grounded with reality seeing that QE3 will just inflate everything again, but in the short term (because I've got a lot of shorts out there) I've been taking a beating. I have no clue what's pushing the markets these days.
Good news = Bad news
always been the way depending on your perspective
we have a 3 day weekend coming up also. there will be some government magic going into the weekend. here's what The Wag The Dog House has to choose from:
Since you mentioned them...
Id be in there buying too for the easy buck on the QE inflate. Only problem is there's no real hint of it. There's talk that it might come next month, but no real hints of anything. Ben has been very obvious when it comes to this shit, he's holding back. Seems he's passing to Obama for his job shit.
Qe3 will happen, but it ain't going down with the markets up for the year even as we enter recession. I doubt the fed chiefs even notice anything other than the ES anymore.
AAHHHHH!!! PIPEDREAMS!!! I LOVE EM!
Wait til they take BAC, GE and CSCO out of the Dow and add AAPL, LULU and CMG... my target: 25,000
Any thoughts on how the rats get out this trap they created with thier own catch 22?
If tomorrow does not close red, then the "Robo-trader Revenge Rally" (RRR) will have stepped into second gear.
Three words: NOMINAL ... REAL ... GOLD
Tyler, the rest of the world will catch up quick like always.
Crazy tape no doubt. I remember getting singed on those huge bear market rallies in 2001 - 2002 by holding shorts too long.
Proof that faster money is made in bear markets by trading on the long side, jumping in on oversold conditions.
And the bear market rallies always last longer than most expect, sometimes up to 6 weeks.
Don't lead people into a Bear Trap. It's too late to jump in now. If your that experienced you know I'm right.
I like to read the news letters of Louis Yamada. Her advise is to sit on the sidelines until it crashes.
And by the way, she is always right and she says it will crash after they drain all the hot money out.
She also likes Gold after it corrects. Probably when the HFT owners crash the whole market.
I LOVE Magic!
Do another trick please!
"market" = Kids can bounce on the bed all day long but big fat fannie can't.
Now that Part I of the trillion$ fiscal stimulus package seems fully assured (mortgage refi) (as I been predicting here for 2 weeks), we will soon hear about the rest of it:
Big jobs package, more business tax breaks (extending the payroll holiday and cutting social security contributions), more extension of expanded unemployment payments, and infrastructure bill. And you'll hear it's all "budget neutral" (!)
Meanwhile the Fed will maintain its current stealth QE (ZIRP, QE lite and as Krasting pointed out, MBS turnover due to the refi stimulus). But no QE3. That would be suicidal.
market is being moved by what central planning may or may not do - good luck with that
I know they're working on antigravity out at Area 51. market acts like they discovered it...
adjust world equities to % change in USD
Fifty Additional Community Banks across the Country Receive $767 Million to Help Small Businesses Access Capital, Create New Jobs
Apart from the 3 banks in CA, and one in CO, it seems like the banks favored were more midwestern and easterly located. What's the deal with that?
Just under 1,000 points on the Dow since the 22nd of August (low to high).
All I do (as,indeed, TD is doing) is reiterate that Bernake WILL NOT, CANNOT, QE3 unless there is a reason to do so, and that does not occur at these current levels. Disappointment is coming somewhere, soon.
The fed is clearly not showing any public concern over the data sets being dog shit. They claim it will all turn around. Fine, don't cause panic, whatever.
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