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I must say that I knew all them things and it still doesn't help me when the CBs get together to announce globally coordinated policy...
There is no analysis.
There is no market.
There is no economy.
There is only perpetual intervention, on a whim, by whomever can intervene.
Oil is killing everything and they will delay it as long as they can, without even knowing what is causing them to fail.
Everyone in Europe is too tired from the Eurozone stress and now going on holidays!
Of course, this just means in the New Year everyone will look back on 2011 fondly...
There is nothing real about "coordinated action"/"rescue"/"liquidity injection"/ponzi fiat fraud by central banks almost by definition. If anything it's a willful denial of reality.
What's the famous Rand quote? "You can avoid reality, but you cannot avoid the consequences of avoiding reality"
Reality will eventually come home to roost.
'Reality will eventually come home to roost.'
Only in the form of war.
Certainly one of the scenarios I'm hedging for!
Someone remind me why commodity prices are even affected by this videogame.
Shorts were roasted across the board today. I can smell their cooked flesh all the way from eastern PA!
Who the fuck cares about "the market".
I like 'the market'. I'm by no means a 'trader', but year in, year out, I happen to make enough 'mad money' to make life a little more comfortable...
Of course, I don't get emotional, don't have preconceived notions of what price should be, etc... Oh, I used to be that way - way before it was 'hip' to blame central bankers, Wall street insiders or what ever other ghosts haunt some folks around here. I don't know who/what I blamed for my failures, but I'm sure I blamed somebody. But then, I realized that the only enemy was me, yup, t'was my own fault that I risked lots on stupid 'hunches', assumptions, etc. But now, I LIKE the MARKET. It almost talks to you. The insanity can be quite rewarding - especially if you're a little schlub like me, without the rules, etc that hamper the 'professionals'. Yup, I like the markets....
I'd like to see you fight a war with your enemy, I'll provide the funding and weapons.
Ben Bernanke, Obama, all of Congress, everyone with a 401k, 403b, any retirement funds, etc., etc.
Why vote when CBs rule the world?
But Ben Bernanke says, "Damn the torpedoes - full steam ahead! There's nothing keeping us from unlimited growth and upside potential other than that tiny little ice cube."
The Bernank only has two boats to commandeer- the Lusitania & the Titanic.
Aye Aye, Captain Bernankio!
Also 10 Direxion ETFs change to 300% leveraged from 200%, tomorrow. Somebody is about to get a margin call. Good thing they can borrow cheap to cover it!
Oh, I know about that first-hand, seeing as I work at the place that is the custodian for these funds and personally processed the name changes yesterday.
So, market up or down with these changes?
Is it just my broker, or do they all limit margin use on these leveraged ETFs? Never mind, here's an old article I just found:
Time to short this shit show of a market. I cannot wait til it figures out that Europe is still insolvent, there's $100T new outstanding derivative contracts than last year, and that the China bubble has begun deflating.
Yeah, but the market can stay irrational longer than you can stay solvent. Warning.
I only punt naked when paper trading. Far OTM calls will do fine, though vol is a bit high but that is the premium for hedging.
That's the quote I've been trying to remember!
Thank Keynes for that.
You have no idea what type of bubble machines they're building over there. Deflation shall not happen in China. Rumor has it they're growing 8% p.a. for another 20 years at least.
because I had to listen to all the bs today and played the drinking game, I'm done for today.
This market is totally jap-tarded.
Bizarroland rejects all well reasoned arguments. BUY!
for realz, the ppt is acutely aware of all these points Tyler raises and as you can see they are pumping extra hard.. perhaps many +200 or 300 point days up into the end of the year as a result of their extra efforts.
I have to wait for Cramer to tell me what I think
Sadly, people actually do that. Last week Cramer's rating were higher than Squawk Box - and that's with Becky Quicks return. Someone is watching that moron, I just don't understand who or why...
He DID admit that Europe was at DefCon 3. On the other hand he also did say not to sell Bear Stearns stock.
Hey what's up with the junk? Alright, alright - Jim Cramer is a clown who wears big floppy shoes. Happy now?
It's real for today that's for sure-watch them annihilate the shorts into the close.
All 12 people that are short? There's barely any shorts this time around. If no volume occurs, then plunge it will.
Nothing trumps the printers...short term.
Added 1 RCM 100oz bar.
Enough lemmings who can't stand not to get envolved in this... And lose in this market... Again....
Won't have seen it comming... Again....
Anybody see the action in Coal today? F'n unbelievable. I have been waiting patiently on this building my position in BTU. This one still has lots of upside BTW.
Seems to me not everybody is drinking the CB kool aid, that must really piss them off. Can't wait to see what tomorrow brings!
VIX saying risk off (or at least ebbing). Buy like there is no tomorrow. Since there will once again be no free or unfettered markets tomorrow.
The 3:30 afternoon justification pundits are out in force right now, touting........volume.... and how there's just sooooooo muchhhhh volummmme today. ooooooooohhhhhh..
S&P broke through the 1240 resistance level I was eyeing.
So, next stop is 1253. If it truly can get through there, then I think it's smooth sailing to 1340 by the time that fat-ass comes down the chimney.
They mentioned the ultra-anemic Volume today
Michelle's nipples just turned hard
Good to know.
Now go check to see if your mother's did, too. Isn't it about the time of day you perform that duty?
Please - at least have the dignity of wiping off the Cheez Doodle gunk from your hands first.
Great! Wonder how many bottles of wine it will take to wipe that image from my mind....
It's more a martial law rally than a CB intervention rally. Now anyone demanding money from a bank can be labeled a terrorist. Selling is illegal now. Rally on.
Based on IBD metrics, it's a follow-through today -> Risk ON.
How I know it's not real: not once did I consider buying.
The pending collapse is going to be beyond epic. It is clear now the catalyist will be the lack of faith in all currencies.
Exactly. Long on whisky.
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