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I have a message for Ben : **** you .
Don't censor LOVE! The heart wants what the heart wants.
I too have a message for Ben: FUCK ***.
no big deal,lol
Didn't you read CNBC headline? "Dow up wooping 7% in a week!".
Wow! At this rate, Dow will be 30000 by Xmas. Bernanke just has to drop the phucking swap line by 5%/day.
Ends on flat note.
Bad concerto, bitchez
Aren't you a sharp one...
+1 for wit my friend
Coincidentally, today's spot chart for gold looks like a big middle-finger fuq you!
Bad guys are wielding a giant 1,750 monkey hammer.
ES once again failed to hold above the 1245ish neckline level...two essentially flat sessions following an historic surge doesn't exactly inspire confidence imo
I don't know whether technicals can accurately provide any semblance of guidance in these zombie markets. MainShitMedia will conduct their usual touting next week leading to the next "uber-crucial" Euro summit BS lipservice, which could either push everything up in "hope & anticipation", drag it sideways, or after a wrong word in the Cameron vs. Merkozy encounter everything could come tumbling down as the last bastion of hopium collapses and it's back to reality and long-gone fundamentals for a change.
I don't know whether ANY rational tool could provide any semblance of guidance in these zombie markets. I mean, let's think about all that happened this week:
1) S&P downgrades 37 banks
2) China's PMI falls off a cliff
3) US unemployment decreases but only because people are leaving the labour forcce
4) World's central banks pull a co-ordinated move
and the rest of the news is mainly bearish to downright frightening when you think about it i.e. overleveraged European banks unable to borrow USD short-term etc.
And what happens - RISK ON!
Does. Not. Compute.
I would not buy BAC or even touch it with a bargepole - yet the bloody thing jumps 12% in 3 days! Same with JPM, MS etc. WTF is going on here? No one knows what sits on their balance sheets, but all of a sudden - one band-aid and it's all OK.
No point in trying to apply logic on this. Wednesday's action was what sparked the ridiculousness, albeit done to mask whatever almost bank collapse. After that you have the global media frenzy who lured whatever -human- momentum chasers left, vicious short covering after hedge funds were piling in and S&P's 37-bank downgrade became far forgotten history (over 10 hours), along with a complete glossing over China's deteriorating PMI (Dec 47.7, Nov 48, Oct 51 - Spot a pattern?) and there you have it.
The market is starving for a glimpse of positivity in this climate, and by market I mean the algorithmic warfare coupled with the insiders dark pool trading, which will bid everything to oblivion until the rest of the suckers cave in and start gaining their naive confidence. After which they will buy everything the first will gladly dump on them.
As I said earlier, next week is what is all about, with yet another "crucial" "final" "game changing" "make or break" EU summit. MSM will have a field day/week polishing this one, and I really can't speculate on what will happen because Merkel want's "fiscal unity" and "stricter budget discipline", while Cameron simply wants the ECB to start printing without any treaty changes, which I guess will jeopardize the City's standing as a financial center (and only source of UK revenue).
As for BAC, I don't know what kind of moron would touch that thing other than the grandest moron of them all, Dick Bove, who assumed the role of BAC's defendant, back when the bank's book became public, revealing the billions of toxic malaise.
I would like to use technicals the way I used to, but I find myself unable to do it at these times due to the continuous intervention by politics or media. I think I'm more confident using it during long bull runs when things seem more "peaceful" and resemble a more "normal" market condition, since everyone's buying to make money, selling to lock profits, and everyone shuts up.
Lastly, during the past two years, I have noticed that my favourite risk on indicator, is FTSE AIM, which is packed with the most riskful of equities, be it penny shares or mid cap oil explorers & miners. The index was assuming a vertical trajectory post QE1 & 2, while now it hasn't moved at all. And if nobody is willing to pick the cheapest and purest gambling shares, which constitute the majority of the index, then I see clear lack of conviction as well of confidence.
Regarding Cramer et all - I never watch CNBC because my liquor ain’t that hard.
agreed...but here is how i see it short term, at least as far as price action is concerned...
huge rally on wednesday following coordinated CB action which i would interpret as a knee jerk response
no follow through thursday or friday which seems to indicate a lack of conviction on the part of buyers imo
ES seems to be pushing up against real resistance at these levels, of course we still may see a convincing follow through next week, but given the current environment that seems less likely, i think, than a pullback
edit: neglected to mention todays gravestone doji
With "technicals", at least you have a clue. Otherwise, you're forced to rely on "Cramer" and the likes...
However, CRIMINAL manipulation, seems to always win out!
Go ahead, pull up a chart, add your favorite indicators and watch the CRIMINAL manipulation! can be fun
I would say this market is a joke but that would be redundant.
When the Dax/EuroFinancials were rallying during Merkel's speech, I knew my shorts were in trouble. The market always dropped in the past on all the typical Merkel-memes: "no to monetizing", "no to Euro-bonds", "yes to long process of fiscal consolidation" here all repeated in the Bundestag. Granted, the market was willing to rally into the last EuroPowWow--fool me once, etc.
I knew my shorts were in trouble.
Hope that's not a frequent problem.
HE KNEW HIS SHORTS WERE IN TROUBLE,WHEN HE SHIT THEM.
That 787's gonna crash.
the 7% solution!
how do you say that in italian, i wonder?
we shorts got killed this week!
How about next week?
I don't know - and don't want to predict anything in this crazy irrational market.
Maybe they looked at the employment data more carefully?
A Closer Look at Unemployment: Did it REALLY Fall to 8.6%? Actually, Employment Fell By Almost 200,000 http://confoundedinterest.wordpress.com
The stock market has as much to do with economic reality as detailed figures on the industrial grain output of Lothlórien elves.
One ring to bind them all...
Just pull up today's oil chart, the chart for ES, and the chart for the US dollar. If you can make sense of those three charts on the same day, well then your drugs are much better than mine.
Pull out the chart on any day. Oil has been going between $5 hourly swings every day for the past two weeks. Demand means nothing. if inventoried come in higher than expected oil barely budges to the downside. Oil comes in a few barrels less than expected it shoots up 3%.
Yeah sure it's demand based trading.
And gold can't break $1750.00...????
YaOkee dokee,move along folks,No manipulation here.....
Timmy sucks horse cocks,and don't even choke....
He swallows too.....
Fuck you you little weasel.
So Sept 1932 held the record for most days with a 4%+ move in either direction up until Oct 2008. There was not one day from 2003-2007 that had a 4%+ move, wow. That puts the past few months into context. The past four months have seen the greatest gyrations in the history of the stock market.
It really is worth noting that unprecedented government intervention gave 1932 its great gains but little did they know the worst of the depression was still ahead. Bernanke and co believed the government did not do enough back then and thought he could prevent a second Great Depression.
WELL YOU WASHINGTON FUCKS, LOOKS LIKE WE ARE IN 1932 ALL OVER AGAIN, Also looks like it has been proven beyond a reasonable doubt that government intervention in any form leads to only one conclusion, TURNING RECESSION INTO DEBILITATING DEPRESSION.
We also got along quite well up until the early 1980s when oil, cattle, and other futures began trading on the open market. People make it seem like oil futures have been traded since the beginning of time. Nope, just since the end of the age of prosperity when the age of technocratic theft began. 1984 is not just a book, it really does mark the date of freedom's plunge to extinction.
This is the bankers using tax payer funded bailouts to play with the markets so they can take as much money as possible out and flee to their South American, Asian, and Island fortresses before the bottom falls out. Main street has been in a severe economic depression for over 4 years now. The only thing masking it is 99 weeks of unemployment payments and 50 million food stamp recipients.
it's called hyperinflated depression, someone got to study this in Princeon one day. Bernanke will be remembered as the most moronic chairman of the FED of all time.
Does this mean I can buy that new Vette, now?
"Quick, Ben, grab the defibrilators and shock-n-awe this bitch! The economy's going into liquidity arrest!"
WEEKLY options expiration rules every Friday now.
swings n balances, don't let the size impress you. I'm referring to the rise. Its roller coaster time and will stay that in election year. We are in for large twists n roundabouts.
you know why that happens so much don't you. We have more hft than anyone with less holding period and thepeople running it up and up where it shouldn't go are never holding it over night, etc. we have the worst capitial markets in the world
SP500 bull vs bear battle reverts to bearish bias after price action on Friday and more downside expected.
My long term indicators have continued to warn of US Dollar strength and EURO weakness and these signals have increased since 2009. The overdue dollar rally should be substantial.
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