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RANsquawk 'US Market Wrap' - 23/05/12
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PPT does it again.
Must be REALLY fucking bad out there for this kind of clown show stuff.
Dow closes down 6.66 - dum, dum duuuummmm!
Not at all messed up. Jim Cramer says that if it were not for Europe, US Stocks would be at all time highs.
He says USA is in fantastic shape, based on the number of people he sees eating at Chipoltes.
The pattern of the last few weeks looks like a miniature version of what happened last August. Like the algos are using that as a template.
Usually no one writes in the RAN squawk section. I guess everyone was waiting for Tyler to post a blurb on the afternoon ramp.
"it's not a pyramid scheme... is a BTFD scheme."
Really jonesin' for the ZH private-screening of 'BTFD II'
WTF : If the market opens up dow + 100 pts it slowly melts up till close.
If the market opens down -100, it has a 60 % chance of reversing by end of day.
Its fucked up. Greece , euro implosion and dow 5k cant come soon enough for me- end this fucking game now
It's not a "market" as we used to know it.
Now it's just Hedge Funds and HFT algos pushing each other around.
The "tell" is that the stock of the most "Valuable Company in the World" routinely moves 3%-5% intraday. That is not normal and something that was never seen in the past when it was a "real" market.
Hope no one was short out there today....ouch...what touched off that algo firestorm?
CNBC: "Stocks claw back in final half-hour as French, Italian leaders agree to consider all measures to boost european growth"
Which doesn't mean jack shit if the Germans aren't on board.
The algos don't care about Germans.
that's a fact, jack
the only way to play this market is with tight stops -- but there is money to be made
Oh yes, there is definitely money to be made - but not by you, me or anyone else commenting here.
I've managed to put together a couple of good days in a row ... sold my EUO yesterday, and SKF today before the market melt up (thanks to a tight stop). I'm not setting the world on fire, but I'm holding my own.
DOW closes down 6.66
Half the people that read this site have just grabbed their 'buggout' bag and headed to an undisclosed location ...
Pissant Pisani going nuts! ..."What a day for the bulls!" - yada yada yada.
I'm glad I do not trade this market. It drives me nuts just watching it.
Today's action proves that the Magic Market Fairy can fix anything. If you just close your eyes really tight and believe with all your might. Throw those stupid charts, fundamentals and analyses away, Magic Market Fairy has it all under control.
THANKS MAGIC MARKET FAIRY!
Its amazing that on a big up day- It never ever ever ever ever REVERSES-BUT SLOWLY CREEPS UP. On a big down day- go fucking long at lunch time and you could be a hero. It doesnt make sense.
Now all you gotta do is trade what doesn't make sense and you'll be rich.
Yep, that noonish decoupling when europe fades along with that 3ish trader blow break works wonders
WTF, over?
Pisani is a stupid dick
Rick Santelli for president!
A little Iron Maiden in 'honor' of this shit show of a 'market'.
The number of the Beast
http://www.youtube.com/watch?v=LSPirTVKm9U
No offense, but this has to be the slowest, most laggy vid stream I've seen in a very long time. Weird.