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Volume Surges, 63% Above Average, On Way To Hit 1 Year High, 3 Days Away From All Time Longest Consecutive Down Day Record
For all those lamenting the disappearance of stock trading volume in 2011, that would be Goldman Sachs first and foremost if only one of the stocks sold off the most wasn't GS, today you get a reprieve. In anticipation of a 9-th consecutive down day, which will be the longest losing streak since 1978, composite trading volume through 1:00 pm is about 63% above the 30 day moving average, and 30% higher through this time yesterday. Run-rating today's volume over the remaining three hours of trading would imply a whopping 12 billion shares, which would be the highest since June 25, 2010, when 13.9 billion shares traded (the catalyst being the Congressional watering down of the financial reform bill; this time the catalyst is the ending of the Ponzi). Incidentally, the longest losing streak in US markets history is 12 days, recorded in both 1941 and 1968. This means we are just three more days of Eurocontagion from making history.
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Winning!
Meanwhile, in the land of yellow metal...
http://af.reuters.com/article/metalsNews/idAFN1E7720GO20110803
(Reuters) - Investors who were nervous about the looming debt ceiling showdown poured $3.5 billion in July into exchange-traded funds that own gold, according to fund tracking website IndexUniverse.com.
and...
http://af.reuters.com/article/metalsNews/idAFL6E7J30EY20110803?sp=true
International Monetary Fund data for June on Wednesday showed Thailand bought gold for the second time this year, raising its reserves by nearly 19 tonnes to over 127 tonnes, while Russia bought another 5.85 tonnes, bringing its reserves to 836.7 tonnes, the world's eighth largest official stash of the metal. So far in 2011, emerging market central banks have bought nearly 180 tonnes of gold, more than double the roughly 73 tonnes purchased by central banks globally in the whole of 2010.Hundreds of Tonnes is rapidly becoming the new Trillion
" So far in 2011, emerging market central banks have bought nearly 180 tonnes of gold, more than double the roughly 73 tonnes purchased by central banks globally in the whole of 2010. "
And that would be why the bubble talk is bullshit. Although that may just be my confirmation bias showing.
If any of you are still dont get,
I present to you Glenn Beck in his own words " the conspiracy between the left and the right"
God Damn !!
http://www.youtube.com/watch?v=iYg-OJXapYQ
I recommend just listening and not watching....
Left and Right? There's no left and right. There's a left and right illusion. A lot of arm waving and finger pointing, but that's about it.
The two parties differ in, what, 1% of their policies, at best. The 99% is focused on keeping the banker elite on top of the hierarchy.
Both Murray Rothbard and Carroll Quigley have documented this.
BINGO. it's an illusion to keep the pea brains focus detered from what's really happening. Just like..911..Norway....JFK....MLK...... and just about everything in between. Create the Problem, Offer the Solution. Try it in your own life and you will become your own Genni in a bottle. You just have to use your brain and think for a bit, most people chose not to do that, it's easier for me too. Hence we live in a country overrun by a group of people who virtually control what we see, eat, and thus think. Look at these endless wars I mean come on.
from Media Matters (Soros).
Now that's credibility YOU can believe in. WTF.
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HFT?
Is Benny MIA?
Benny is in the print room while the chopper is getting refueled.
Ben Chinook
This is getting fugly.
My money's on an amazing comeback @ 1530.
Actually, it isn't. There's fuck all change I invest in the ponzi market that is the DJIA/Nasdaq.
I am getting roflstomped no matter what I try, I always seem to find the worst possible moment to buy something even if it's gold or silver, I just don't care anymore, maybe I try farming potatos ^^
Yes, long potatoes. Good call. Maybe diversify in some other non-cash crops.
3 more days? Initial claims tomorrow, and then jobs # on friday, coupled with a weekend of false hope. Maybe Monday shall do it... maybe.
And in Euroland we'll scoop some more shit on that dessert ;)
Can I have a few more scoops of Silver please?
The false Hope we can believe in will keep pounding our asses for more than three days man.
POMO = Flip bonds to Feral Reserve and buy stocks.
NoPOMO = Sell stocks hand over fist to lock in profits.
GUINESS BOOK OF RECORDS!!
What a honor we get to see this :)
Yes kids, I saw it happen :)
haircuts for all...bullish on great clips...
Closed my SDS short and bought TBT & GDX. Just sayin.
Does TBT move up when yields move down or treasury prices?
TBT moves up when long bond yields move up (price down).
Educate me as to why you bought TBT as opposed to TLT ina risk-off environment?
On the ninth day of selling my true love gave to me, 9 ladies dancing.
That's one of those moments when you just can't have enough one dollar bills ;)
Rising unemployment for young people
+
Lower economic prospects for college grads
+
Fracturing social structure
=
Hotter strippers! Thanks to The Hill
A lapdance is always best when the stripper is crying.
lol
Here is the link:
http://www.youtube.com/watch?v=7p64FvyOBj4
Uncle Limpy's Hump Palace...lol
You know she had a choice and blew it.
Am I seeing the beginnings of a parabolic arch being traced out on the 10 day hourly SPY chart ? Strap in bitches the flush is just a few hours out... or so I'm thinking
Edit: Actually the 15 minute bars show the slow but building arch better.
I see it too, what time you estimate today or tomorrow?
And don't elbow the women and children out of the way. They get to go first.
sir he threw his captain's uniform off, slapped on a wig and slipped into dress!
what? where is he?
over yonder on that there dingy......
floating away!
the costanza trade is on bitchez!
http://www.youtube.com/watch?v=ueh_1PeJhaQ&feature=related
That never gets old. :)
but... this ship can't sink!
She is made of iron, sir. I assure you, she can... and she will. It is a mathematical certainty!
Reversals, while they can be only temporary, typically occur on high volume...
This move down based on nothing new, Stocks oversold
Bears will probably try again tomorrow. Nothing extraordinary on the charts as well. Copy of the 2010
drop still more room to move down to around 11370 or so
on the DJI and 11770 on SPY, that's worse case scenario.
To talk about recession, wake me up when OIL hit below $50 and Silver around $20/oz, not going to happened? That's why stocks won't drop too much. Buy the F DEEP.
Is that you Cramer?
What happened to Spalding, and his High-Grade Structured Credit Strategies Enhanced Leverage Master Fund?
Robo and Spud have left for the Obama youth camp!
Election coming up lots of hope and change to learn now.
"Incidentally, the longest losing streak in US markets history is 12 days, recorded in both 1941 and 1968. This means we are just three more days of Eurocontagion from making history."
I just read an article on MarketWatch that said the longest number of down days was 14, that ended on August 13, 1941.
In fact, the all-time record for number of days in a row in which the Dow fell appears to be 14 — a streak that ended on Aug. 13, 1941, as the rumblings of World War II were reverberating through Wall Street.
http://www.marketwatch.com/story/dows-losing-streak-now-in-ninth-day-2011-08-03?siteid=yhoof
Stocks headed for the moon in 5,4,3,2,1........
Dow has already gone from -163.4 to -3.94. Green Shoots are asproutin! I don't think we'll make ten days.
Big volume on down days. Little volume on up days.
Sounds like the stock market is getting concentrated into the hands of only major players. The suckers are heading for the exits.
It also sounds like Spring 2008 all over again.
Excuse me where did you see big volume?
In 2008 Market trading VOL was 3x today volume.
Volume is low. If you think Bernank will watch how
his previous 1T$ QE 1-2 goes down in flames, think
again. I know you guys love to see Market crash, so
your neighbors and friend lose all their money, because
they don't give a jack A$$ about Silver or Gold. :)))
Welcome new troll!
You are troll not me,
look Nasdaq is Green already.
Going up baby, yeap..
Robo going Asian?
Anyone who wants to know who is the troll, just check moneywise's track record :-)
http://www.zerohedge.com/users/moneywise/track
Junk away!
Old troll, new handle.
'Turning Japanese' perhaps?
+1 The Vapors
Looks like they're really priming the pump before Jackson Hole.
Smell of fear getting thick. The natives are getting restless.
AAAAAAAAAAAAAAAAAND action! Queue QE3...
I start to wonder if this plunge is the real deal.
Volume up.
9 straight days of losses. Hasn't happened since 1978.
Is this the true ass-fucking? Or will QE 3 save the day?
Tune in next week...
http://geraldcelente.proboards.com
Mutual fund flows will be out after the close. It will be intereting to see what the outflows look like for last week. I wonder how many weeks in a row of outflows now??
And this is supposed to be "vacation time".
Why does it feel exactly like 2008? Because it is. The banks once again are not happy and they're selling off.
triple digit S&P will get QE3 accomplished.
Well, financial/MIC run spectator sports are like in the Roman coliseum these days; we throw whole nations to the lions. Greece, Ireland, Portugal, Libya, Syria, Egypt, Yemen, Tunisia, Afg/pak, Iraq...whose next to be sacrified to WS oligarchic/EU sovereign franctic vice or to MIC desperate eleventh hour power play; as the US war budget is destined to get slashed.
Damned if you're first world plebe, damned if you're third world scum. Only the uber rich surf on the rising tide.
Bare back power play, naked derivatives all the way. Wait till the lights go out in the back rooms if the ponzi unwinds. Then we'll see if the Oligarchs won't get their butts bundled like the rest. Sad day in black rock, which ever way.
QE3 will fix everything 'cause interest rates are really high right now.
It's not like job growth, wage growth, or access to credit (none of which will happen for a helluva long time; at least until the big reset happens) are important fuel sources for consumption.
/SARC
but the troll above said neighbors dont know d$ck about gold and silver ergo equities up. Whihc means they of course appreciate how "high" real interest rates are...
I do not see this king of Volume, Can anyone confirm this?
Exactly, those guys are clueless.. Volume is still low.
Careful that it doesn't go positive on the day.
LOL at the trumped-up 'panic'. This is just unwinding of the ridiculous end of quarter, dumb money window-dressing rally in late June. How come we didn't hear screaming about a bubble when the markets surged > 5% over the course of a week or so? All the hand wringing and gnashing of teeth only underscores how the stock market is perceived as the last bastion of wealth creation in the US. Once it goes... oh brother once it goes...
So you're saying that 'all eyes on confetti markets' is a bad sign, and that thre rush to get a debt deal done due to fear of how asian and other markets would react if they did not, is a bad/ominous sign, and a reflection of the truth that we live in a Ponzinomics Matrix, whereby the pols and The Bernank had hoped to fool as many people for as long as possible into the CONfidence game that all was well as long as the indexes were green, even as the economy was rotting out underneath the floor of the Ponzi-Last Chance Saloon?
I agree.
I certify your post Truth Worthy.
But let us not fret, for QE3 will fix everything b3cause interest rates are really high right now.
It's not like job growth, wage growth, or access to credit (none of which will happen for a helluva long time; at least until the big reset happens) are important fuel sources for consumption.
/SARC
Anybody notice the S&P intraday low? 1234.56
that's the combination to my luggage
Spaceballs Combination
Ramp-age!
QE3 at this point would push the Dollar through support; at the QE2 announcement the dollar was much higher. QE either needs to come in a different form or we need some more red in equities to drive the USD up before QE becomes politically palatable. That is of course, if the fed doesn't want to destroy the dollar...
The lent fast lasts 40 days, the ramadan 28 days. So why can't the WS shills fast in similar fashion?
Lose some obese meat. Cool some obscene heat.
Twenty eight days later will they see the moon crescent? Forty days later will they see the levitation?
Btw : QE-2 ended June 30, QE-3 looks like getting kick started any day now. So, it looks like Benocide was in Lent fasting for all of July and eary August. Time for helicopter Ben to levitate! Onward christian soldiers, its Lent time now, onward in paper printing. Here we go around the loop! Hoola hoops here again, thanks to Ben n Barry! Who wants more ice cream?
More QE3 calls bouncing around out there. This one from Mr. Pimco. Book it.
tinyurl.com/3h7vjbt
Besides, Volume spike and higher price now, means Bottom was BOUGHT, not sold. Watch and learn.
Check 3/16 on Daily you'll see that spike and reverse.
PPT SpecOps.
Sell in May and go away. Sell again in August, but start in July, cuz QE3 is coming from the Bernanke guy.
Eurocontagion? That's a bit of a stretch. LOL
There you go... :))) Green
And, ITS GREEN!!!!!
So much for the nine days!
+17.44 and heading for the moon.
...and six pence!
Aaaaand it's gone.
AAAAAANNNNNNDDDDD!, Its green again! ;-)
Aaaaaand it's...gr..re...uh
AANNNDDDD, its a green finish. No broken records for the present time.
Look at that! 120 point rally in less than an hour. Must be all the good news............
Or a couple of phone calls...
lI think the Tea Pary pledge, bought into by the Pubs, to destroy the middle class, is being taken seriously in the markets.
Selling is being led by ETF's, notice GDX and SLV under performing. which looks like public is "fed" up with the markets.
Please Mr. Obama, enslave me to the middle class label forever and ever and I promise I will vote for you and any other wealth-distributing socialist you want me to!
If the Tea Party pledge is to destroy the middle class, it would be to do so by enabling everyone to elevate above it. The only fly in that ointment is that NOT EVERYONE PUTS IN THE EFFORT TO SUCCEED.
Sorry my bust! There has been good news for TBTFs. It is right above this posting on ZH (Hilsenrath: Fed's Kohn Says Will Give "Very Serious Consideration" To QE3)
and coincides almost precisely with this 'rally'.
The Hangover-Paging Dr. Faggot!
http://www.youtube.com/watch?v=jZPk8jgnQbc
Pagin Brian P. Sack(less)
Don't worry the US Senate and Obama are on the job ! Oh wait.actually they are on vacation...hey why didn't CNBC or Can't Lose Cramer say anything about this ?
The Democrat-controlled Senate fled the Beltway Tuesday night for a five-week summer vacation without taking action on a number of bills sent over from the House including a measure to expedite the long-delayed Keystone XL pipeline.
The 36-inch pipeline would stretch more than 1,600 miles from Alberta, Canada through several states and into Nederland, Texas.
The House measure directs President Barack Obama to make a decision by November, and is endorsed by several labor unions including the International Brotherhood of Teamsters.
The $7 billion project is privately funded, and would create $20 billion in new spending in the U.S. economy, create nearly 120,000 jobs, and generate an estimated $600 million in state and local taxes along the pipeline route, according to the Teamsters Union.
Is there any chance to make money on the short side of the market or has that right been taken away?
I come back from lunch and see a green close?
Their lipstick reserves must be formidable!
"This means we are just three more days of Eurocontagion from making history."
Naughty Boy TD ...but a few days ago you were bemoaning the Germans using America as scapegoats and now you're blaming us Europeans for your record losing streak in the US markets?
Tut, tut..... we've got enough fuking problems over here without being blamed for your collapse across the pond... it's not like your Govt debt, military spending, suicide socialists, toxic property, moronic central bank, bankrupt big banks, over indebted consumers and businesses and heavy unemployment may have anything to do with it.
They are your markets afterall.. "Own It"
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