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The latest in a series of Short bans...
I really can't figure this out at this point. If you talk to any individual (in private that is, not on CNBC) whether they're a banker, politician, investor, hedge fund manager, etc. They will readily acknowledge the intense strengthening of severe downside risks over the last week. I mean look at Italy's yields! Are market participants waiting for the outcome of the vote tomorrow before fleeing? I have a sneaking suspician that even though most market participants see the writing on the wall their desire to make up some lost ground from recent losses is keeping them in the market until the very last possible moment.
Just look at them yawning bands. Bollinger? I don't even know her!
A double top at the 61.8 retrace of the recent drop. Sounds bullish to me. The whole universe according to the bots consists of charts and news feeds. They can't tell what's real and they don't care. Real people on the other hand should care but it's been so long since facts mattered that their memories are growing dim.
A healthy and CONfident market.
Everything I open to use is smaller than it used to be, very annoyed
Not only is it smaller than it used to be, it seems more wrinkled too. Yes, very annoyed, but it comes with age.
Smelly turd of a market.
Pictures of hot chicks should cheer us all up. - http://hedge.ly/gFWVSm
Certingly! Thanks for that. :-)
The only way to win is not to play.
Or stop shorting because this is clearly some sort of a shorting ban.
Very wise man, very wise.
Was this not Mutual Fund Monday?
The article says 'Apparently not'.
Watch us gap up big tomorrow. Problem's haven't changed, except rumor mill is working 10x as hard as the prior weeks it seems.
Just when I went all cash again.
I think Santa just arrived early.
Mike "I went to jail" Milken: Get rid of fatty
and the markets will soar!
Just your standard Broken Markets. Nothing has changed.
Today's markets commit another crime...when does the punishment get here?!?!
Yeah...I have had some good runs recently, but now may be time for doing the opposite of what I think.
If I am now a contrary indicator again it means;
Risk on/reflation trade on
Because I am all usa cash again.
My trades have been consistently wrong fall and winter....scary.
The "It's all Good" market ...
Just remember this: if bio warfare killed every human being, the market would edge up the next day because the bots would still be running...until the power plants finally shut down. Kinda beautiful, actually.
i'm starting to have that same mindset too. in a detached, academic, bemused wonderment i'm now just really curious how long this nonsense can persist. hmmm, you think a whole 'nother year? yeah, that'd be really neat - reminds of when we saw that guy careening towards the cliff after hitting black ice. he really went on forever. crazy, right? i know!
The music doesn't stop until the ship goes under.
The unelected have spoken! Ugh!
11-07 16:03: EU's Junker says there could be a teleconference to approve... Coulda shoulda woulda...
11-07 16:03: EU's Rehn says new Greek government, once set up, must express... Oh, if it's in written then we all believe they will do all the things they didn't do since the first bailout 1,5 yrs ago...
11-07 16:03: EU's Juncker says EFSF will now consult markets to come up with... Mr "when things get tough I have to lie" apparently didn't see todays "consultation" with markets when the epic failure of EFSF printed undersubscribed (plus downsized with shorter maturity and once delayed) PLAIN VANILLA bond...
Juncker, Rehn, Barroso, Von Rompuy, Merkozy, the Paps... neverending (shitty) story...
The consistent vwap thingie is definitely bullish.
It's amazing how well they are able to play the headline scanning algos.
After me, only elections.
More good news:
its like the algos are taking out the shorts in equities like JPM has been taking out the silver longs. its harvest time. Somebody up top ordered bear stew. So it will be bear stew for supper this winter.
"When AVL pops, I listen."
A C change is in the works. Must be that Chinee tril going at it.
Did someone just depreciate fiat currencies?
Funny thing...over the last month S&P is up about 14% and Gold is up about 12%. A beautiful symmetry?
Yes, and equities are not keeping up with fiat depreciation, AT ALL.
This market is on Propofol.
You know what's funny? Italy's budget vote that could lead to the fall of Berlusconi is tomorrow morning at 9.30AM EST... right on schedule for the stock market open.
It could be hilarious if Berlusconi falls.
What politician would want the job of crashing the country....and his name attached....
Take this to an illogical extreme and there is no reason this market can't go to 15K by next Spring even with recessions, higher unemployment and a banking collapse...everything bad is simply an opportunity to clear volume out in the first few hours...
The market must climb the wall of worries, too many short positions around, can't fall of the cliff, needs to suck in the shorties. Berlusca will win confidence, but it won't change the big picture, time is running out. But big numbers first...
everyone keeps saying to many shorts around! bullshit! everyone i know is in cash, sleeping well at night, in their canadian homes, which are not in a bubble! HFT's are programmed to run through everyone's stops, short or long!
Right, I know of no 'shorts' myself. This is just manipulation, a ton of longs stops are getting kornholed daily on 2% swings, theyre not doing jack shit either.
The goal of the algos is to scoop up money...
That's the way I see it...
Pontifex what 'big numbers'...like the inflation adjusted US market levels which are at about 1995 values now? If even that good? Not impressed.
I just looked at the 1 year chart for the DJIA. It looks like a sick pig. AND I DON'T EVEN KNOW HOW TO READ CHARTS!!! We've moved 20% higher in 1 month after a 1 month 20% increase. Anybody who is prudent would RUN AWAY from this thing. I am of course shorting the shit out of it.
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