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Good 'cos I bought some OTM Spy puts at the close. Couldn't resist it.
Hanging by a thread over 1210.. seems like if we were gonna rally.. we would have already.. though sunday's the past 4 weeks we have seen a gap up.. only to fade
chart - http://hedge.ly/uS0nxq
Santa rally next week? (crickets)
IMO we'll be lucky to get one NEXT year....
Tom Demark called for a rally to 1330's by 12/21 - that would require one heck of a hellacious rampup in just a few days.
Tanks, CC and TD!
AUD and NZD strength scared me off TVIX today, darn.
I'm gonna beg for a weekend open thread here.
Heck, pick the nearest RP thread. Which is all but this one.
Please pardon my ignorance, but what is an open thread?
Free for all, no holds barred, all topics open for discussion thread. Great for entire weekend reading entertainment.
It's like watching a horse run with no rider.
Got really tired of winding up with a bet on those...
hey, raisuli, welcome to zH!
Slewie, you slime, not an idiot. A friend of mine got bounced for going wild on a thread, not open, a while ago.
You might recognize him : mynhair
Uh, it wasn't me. Seriously, OK, my denials betray me, but I have no idea to what heremynkitty is refering.
ifUweren't such_a_ noobie you'd know how endearing an idiot canB to a pi-rat...
mynhair's last act was a dead cat bounce, at least...
Thanks slewie. I've heard that it takes one to know one, but I don't believe everything I hear. BTW, what is the deal with tHe sEemiNgly RAnDom choice of upper and lower case here abouts?
code: yer caps, backward, spell DARN E
this song explains it: Idiot wind YouTube and also provides Shelter From The Storm
and...we just had a nice little earthquake...
Everything is legit. Markets are efficient.
I admit, here and now, that this HYG crappola leaves me timid. As much as I try, I don't get this inventing shares CIT.
Must mean I should short it. Any 3X's out there?
OT - Can anyone explain to a greenhorn why the regular spike in volume at the days close doesn’t seem to affect price?
Institutions selling into short covering, or vice versa.
Exactly what I suspected. Thanks!
If we could get rid of the shorts, maybe a down day would close at LOD.
Bunch of wussies.
I've seen, what, 5 LOD closes in the last year?
Christ, now you have to sell TZA by 1:30pm EST to get the best price.
If not 10:30. Frigging wuss shorts. Bunch of pissants with no conviction.
bidu will be the short of 2012
Bullionvault gold mid prices are above $1600 in London & Zurich right now (NY hasn't woken up, and is only quoting 1g amounts...)
This is what they say about out of hours trading:
"You will notice that although we stay open the depth of the market diminishes when the gold markets are shut. This is because with markets closed the robots lack the external references to be reasonably confident they are not making silly prices to you, and to prevent losing too much to you they quote gold prices in smaller sizes.
In fact this is one of the best times of the day or week for you to trade a little gold. We make a thin market and let our customers activity define the price. The bots change our prices in response to greater demand or supply from you."
I don't know if this means much for next week - the people trading on bullionvault are likely 'goldbugs' to some extent, and not so subject to liquidity shortages, margin calls etc.
The market in the last few weeks has shifted from hope to denial to resignation. Capitulation to follow? But never discount central banks injecting some juice to temporarily revive the comatose market. Deleveraging is not stopping or even slowing so the patient continues to bleed out. The social compact is broken. Very dark times are coming; not unlike 1937-1938. The spoils of WWII have run their course. More spoils to follow.
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