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Welcome To The Bear Market
The S&P fought reality valiantly, and after every other market in the world entered a bear market long ago, reality won. The S&P 500 is now over 20% lower from the highs, and we are officially in a bear market. Gun to our head, and with an eye on where MS is trading, we are going much lower. But even gun to our head we are unsure if the S&P will enter triple digits first, or if that will be preceded by Morgan Stanley "Benjamin Button-ing" its teenager status...
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BEAR, Bitchez!
welcome to the bull market for shorts and puts
What bear? I don't see any bear. Oh, you mean that 13' tall brown furry thing?
Thats just Smokey Bear.
He's here to help. ... Really! ... To put out the fire. ... Right!?
As the bear market progresses you will see sharp, temporary upturns just like you have seen since July. During these upturns shorty will be "harvested". It will continue the whole way down. They know when shorty is out there. They know exactly what cards shorty is holding. More than gold, they hate shorty.
Shorty is a Mastiff with his jaws locked; squeezing him will make him angry, but it won't make him let go.
As far as true value, more like a BARE market.
early signs of dementia
October is awesome
I would say a market crash is more than a 50% possibility this month.
The market is not overbought, while Europe is in full-scale meltdown.
"It only hurts when he puts it in."
This year, we will call it Shock and Awektober!
ORI
Please refer to it as "ANYtober" your corporate sponsors paid good money for you to do so
http://www.youtube.com/watch?v=VOiYOCBTKvY
Yikes (Cheeeesy) and hah! Funny.
ORI
print money, it feels good!
Bear market intraday -- but can they close it there?
Stay tuned ...
LoL!
S&P 666 Bring it on.
Not yet, watch for a short stampede imto the close
Hey RoboTrader hows that 'Robust consumer driven full recovery' goin now?
Exactly. All the momo stocks he was pumping have cratered, then he disappears. I see his homo butt buddy Spaulding surfaced:
http://wallstreetbear.com/board/index.php
I bought puts on two of Robo's favorites last week, LULU and CMG. Kinda digging it right now.
Its about time. My cash is growing mildew on it. Oil@65 and Silver@25 will put it to work.
its fine thanks
Must eat cake...
No, must eat peas :)
Peas? Ahem. Pleeze. Soon to be, 'we all must eat our shit sandwiches'.
Remember, remember... the "technical analysis" posting yesterday! Tanking the tanks.
But this time Washing DC is quiet, very quiet. No Hank Paulson bazooka, no blank cheque from the Congress, nothing, nix.
time for mr. buffett to take a proper bath.
Someone obviously thinks taking a 'proper bath' means a hair dryer in the tub.
toaster, hair dryer, whatever.
With BAC at $5.36, he's taking more than a bath. ;-)
It's nothing another $10t in printing can't solve! Hurry up Barry!
If you're out taking a stroll and suddenly find yourself in Hell, then damn it, double your pace!
My, it sure seems to be getting warm in here.
http://hosted.ap.org/dynamic/stories/U/US_OBAMA_DEBT_COLLECTORS?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2011-10-04-06-36-08
Seriously? How better to agitate the masses than make them victim to cellphone robocalling debt collectors. This White House is MAD!
For fucks sake make it stop!
now the SWAT team raids you if your delinquent on student loans
http://www.rawstory.com/rawreplay/2011/06/swat-team-busts-into-house-ove...
Unpaid student loans? SWAT teams!!
F#CK YEAH!!!!!!!!!!!!
FAZinating....!
More QE or the nigger gets it?
Do what he say...do what he say!
Great! +1
I Love You Man!
Dzjeezus, that's the first time I've seen Obama being really, really scared . . . Nostradamus Brooks was way ahead of his time.
LOLOLOLOL!!!!!!!!!!!
Red for using the n word.
What's a dazzling urbanite like you doing in a rustic setting like this?
"Do what he say...do what he say!"
hahahaaaaaaa !
I think Tyler has a man crush for Brad Pitt...
I will plus one.. becuse you were trying to make people laugh.. it is hard being funny, worse in a serious, pissed off and / or hateful filled room of mostly older men with erection issues! LOL!!
I miss the mark with my tries at jokes here more often than not, dont let it get you down!
WE NEED MORE LAUGHS HERE!
we are all to serious all the time, here.
your name should have gotten you off the hook, but I am guilty as well of jumping on anyone who gives Tyler a hard time.. even though this is NOT! that.
And the best is yet to come. "Helicopter" Ben is supposed to go in front of Congress to explain his pathetic attempts to "do something". (Psst, Ben, if you don't know what to do, then do nothing.)
Anyways, it seems that whenever Ben gets in front of a camera the markets rachet up the panic level.
Sooooo glad I doubled down on FAZ @ $50... I thought I was making a huge mistake but now it seems like there's 0 reason to be long anything.
Yes, moved to FAZ and SDS now. Come'on now Ben, do your part to help me out.
edit to fdisk, FAZ pushed through to +7% now
I bought a shit-ton of NOV BAC puts for a few pennies thanks to Warren ... now they're .50...
:) BURN BITCH!
Nice call, probably time to f* load up.
ZH has breaking record calling for BUY at picks (GOLD 2000)
and SELL at bottoms.
Christmas should be fun
time to start looking for the party hats
And pretty soon, end of this week maybe, DOW 10,000 hats. Again!
Its times like this i miss that Wanger dude.
Best troll ever!
I also miss Johnny Bravo.
Very shortly these will feel like the good days.
This Obama bear market is sponsored by
The Dodd-Frank bill, proudly nickel and diming middle class Americans and strangling the consumer banking industry since 2010.
And by Obamacare--effectively commencing the destruction of 1/5 of the US economy since 2010 also,
And by the EPA--kneecapping what's left of America's manufacturing industries for 30 years...
Now back to our show...
This should have happened in 2009, efforts should have been made to stabilize the American people and the Real Estate decay and we would have been out of this mess if not for Bernanke, the printing press and the corrupt bankers WHO OWN HIM and corrupt politicians who wanted reelection over what was right for America. They knew if the funneled money to the corrupt Wall Street GANGSTERS this would help finance their reelection and never gave a shit about the American people, jobs, foreclosures and economic destruction they caused and perpetuated.
WE MUST GET THIS GROUP THE FUCK OUT OF POWER AND WE MUST ELECT SOMEONE WITH SOME INTEGRITY LIKE RON PAULS WHO WILL NOT CATER TO THIS FRAUDULENT SYSTEM.
Now that's funny - you think an election will solve things. ROFL!
It'd take 4-5 election cycles with untampered results and intelligent informed voters pulling the levers to get rid of the dead wieght and cronyism in the executive and legislative branches. You'll also need judicial, regulatory, and tort reforms over the same time period, and all of this needs to happen at the state and federal levels.
In the meantime, we have the one-worlders pushing their fully indoctrinated Free Shit Minions into 'protesting' for Barry's (spare) Change and finishing their work to crash the entire financial system so they can start their newer, bigger ponzi scheme to steal what they're not going to get during this go-round. More police state controls are being implemented on a daily basis, and the biggest topic of conversation in most places is about football.
'Throwing the Bums Out' looks great on paper, but it ain't gonna happen in reality. Not with 'elections', at any rate.
Well I guess that rules out 'Bashful'.
You are correct sir. Spot on. Washington district of criminals is a front.
Ben is a lying bag of shit. I actually watched his blatant lies in 2007 and can't hear him anymore. I try, but can no longer attempt to sift any truth. My little voice, in the back of head keeps repeating; "we're fucked, we're fucked".
The complete utter bullshit coming out of this event, is all the confirmation, anyone needs.
Rifles, rifles instead of elections. and fire, because fire purifies everything, at least according to Stephen King.
RE decay!?!? You mean hyperinflated housing prices due to fraud, plain and simple. EXPECT a 50% drop, from here.
You are one confused cookie...RP may have integrity, but his policies would be anything but "stabilizing" for Americans or (still vastly over-inflated) RE.
Ms Erable is right
OccupyWallStreet's Young People are the tip of the spear in America's awakening. They are demonstrating what is our birth right. We The People must take up our Patriotic Duty and demand the restoration of The Rule of Law, Our Constitutional Democracy, Free Market Capitalism and an honest monetary system. It is the only path to true and lasting change! The protesters energy must be cultivated and the direction focused. Wall Streets crimes and Washington's complicity make them legitimate targets. Many of these sociopaths have to go. They are however, the minions for a larger more evil construct. That is a monetary system that demands constant growth of debt and war. And that criminal enterprise is controlled by the central banks THE FED and those behind them.
[Please see our critique of OccupyWallStreet's First Public Statement below.]
OccupyWallStreet: The Kids Are Alright!
Caveat Emptor!
The Market makes another stab down and bearish sentiment gets ahead of itself.... followed by the mother of all short squeezes.
THE STOCK MARKET
- Inflection Point
S&P down 12points in 20 mins!
Yeah, he said "transitory" and later on "teh priiice stabeleteee" - 1077, bitchez.
S&P up 14 points in 12 minutes!
E-ticket, bitchez!
If the Market falls and the sheeple are not around to hear it, does it really fall?
As I recall, Timothy Treadwell loved Bears.
That's just funny. I love the reference.
Sadly, it also means I probably watch too much Discovery Channel.
Bears loved him more. Especially with ketchup...
I was so let down by that @#$% show. I watched the whole thing hoping they'd flash some video or audio of that stupid hippy getting mascerated and all they released was that fat, homely freak bawling while she listened to his bones getting crunched.
Worse letdown than Geraldo at Al Capone's vaults, I tell ya.
Everybody grab your surfboards....
The paper price of silver going down while retailers ave little or no physical silver.
Let's clean them out.
I have another consignment of physical silver being delivered tomorrow.
WOOHOO, WOOHOO, WOOHOO.
The rebounds are getting more and more brutal for the banksters.
"Out there is the beast, and he is hungry tonight."
50% Fibonacci Retracement from the 2009 Lows to the 2011 highs is approx 9662... Which almost exactly the 2010 LOWS in July.
I'm not a big believer in retracement levels...but this seems too perfect.
Not the end all to be all, but soo much of the volume occurs from programs that levels in general a true animals to watch.
Good Call, But...
Another stab down and bearish sentiment gets ahead of itself.... and the mother of all short squeezes.
Caveat Emptor!
- Inflection Point
CNBS' Jim buybuybuy Cramer seems a little flustered today. It was only yesterday he staked his career on the strength of MS.
Cramer will be living in his car again by 4PM.
Not because he has to...... He is just looking for a bull market for you. There is always one somewhere.....
Hey Cramer... Try looking at MS puts. There has to be a bull market there.. No?
Goof
This post has a very Toddo Harrison-like ring to it... not a bad thing but, jus sayin'.
In a memo from yesterday Gorman tells employees to ignore rumors (ZH) and concentrate on the Credit Suisse reserach report.
I feel better after reading this how about you gang ;)
October 3, 2011 To: All Employees From: James Gorman Subject: A Message from James Gorman
Over the past few weeks, there has been an enormous amount of confusion and misinformation about Morgan Stanley and others in our peer group. In fragile markets, where fear triumphs over common sense, these things are bound to happen. It is easy to try to respond to the rumor of the day, but that is not usually productive. Instead we should let balanced third parties do their own analysis and let the facts speak.
To help you wade through the maze of numbers and information, it might be worth reading two analyst reports that were published this morning. One is from Howard Chen at Credit Suisse that examines Capital, Funding and Liquidity at Morgan Stanley and Goldman Sachs and, in some detail, highlights the dramatic improvement to our financial strength over the last three years. The other is from Matthew Burnell at Wells Fargo, who writes about Eurozone and Derivative exposure for the sector and plainly underscores that our exposure to the Eurozone and France in particular is not a concern.
I encourage you to stay focused on your job, remember that we are a client-focused Firm and do what you need to do to help our clients navigate this turbulence. It is in times like these when our professionalism, market wisdom and client focus are truly valued
Wow. Now that's brazen. Have the bankers call me when they've actually marked assets to market and had the marks audited by an unbiased third party. Until then, screw your "balanced third parties," Mr. Gorman.
(PS, Thanks, Lizzy for citation)
What, no pithy rumour from The F.T to turn this around?
And 50% Fibonacci Retracement for the S&P from 2009 lows to 2011 highs is 1018 - which are the 2010 lows in july.
Seems way too obvious and easy...
Who decided that 20% = bear market. That has to be one fo the worst TA numbers decided.
If there ever were a time the Fed would underwrite puts, this would be it.
Algos going momo heheheheheheheheh
BEG! FOR IT!!
watch your retirement disapear!
BEG! for QE!!
BEG YOU SHEEP! BEG!! LOL!!!
P/E 10 is still ~13% above the historical market average. And we know that excess in one direction leads to excess in the opposite direction. Wouldn't be at all surprised to see P/E in single digits eventually (and that's when I'll be loading up the truck).
Also new lows were established after the initial crashes in both Japan post-1989 and the Great Depression. Blowing through 666 will happen.
Shit's gettin' real.
I'm telling ya.. It's strong correlation.
ZH acting like Wall street Analyst, downgrading
sh*t on the bottom and upgrading on the TOP..
Little positive news will do it :) Watch
Today or tomorrow :)))
Cramer has a ZH account?
they both display an uncommon stupidity. hey, you never know!
Bullish sentiment at ZH (estimating from these comments) is about 1 percent.
Meanwhile, was that the intraday bottom at 9:57 a.m.?
Sometimes it pays to fade a strident consensus.
Wow. You're judging market sentiment based on what the commenters of a blog are saying???
Desperate:when the best the Bulls can do is point out the absence of new negatives.
and it looks like the ZH readers are downgrading your post to "junk" status.
well...as Otis Redding once said: It's Been a long Time Coming.
Sam Cooke had a great song with those lyrics.. "It's been a long, long time coming, but I know a change gon' come.. oh yes it will"
STFD.
you mean STFB?
Buy...Buy...Buy......CNBC screams.....
every now and then I find myself wondering who will be the next CNBC monkey to have a Jeff Macke type meltdown.
I'm sure most here remember that event...but just in case (and for shits and giggles)...here it is:
Jeff Macke Loses it on CNBC
http://www.youtube.com/watch?v=79HLnTPxMho
OT: RBC exposed to Dexia
"Dexia owns half of RBC Dexia Investor Services, along with Royal Bank of Canada."
http://business.financialpost.com/2011/10/04/parts-of-dexia-need-to-be-in-bad-bank/
Canadian banks stocks saw their high in April:
http://www.bloomberg.com/apps/quote?ticker=RY:US
An example of what the housing price asset bubble and legerdemain has brought about:
TD.TO monthly(stockcharts.com)
http://ow.ly/6MYPE
Lets finally kill these banks off so the fiat monetary system can be laid to rest.
No Rule 48 yesterday or today ... never mind last week.
The Fed throwing in the towel?
Tyler
I like the way CNBC took your Oct 3 2011 v Oct 3 2008 S&P 1099 Vix: low 40s etc. Excellent technicals/ fundamentals vision btw! always refreshing
Yeah! The world's-fucked-o-meter finally caught up with the fact that the...uh...world is fucked!
But, but, Hulbert "finds there's reason to believe the stock market will be higher in the coming weeks"
the jew is in the market.......again.
The Dow is now well off today's low. Up over a hundred points now.
Only down 7% now in 3 days - bullish? /sarc
although it is looking like today and tomorrow could be small bounce days. FAZ double top, TZA and TLT looking a little overbought.
I don't think you get a big bounce... But a day or two long may be the way to go... 2-3% DOW bounce seems possible...
Still bearish into the weekend though...
I would watch red to green on the market... if that doesn't hold and this is a simple gap close from open... I'd short like hell into the afternoon.
Contract, print, contract, ease. Wash, spin repeat. Control your reality, deflation, inflation. Spoon feed you your reality. Price action does not prove reality when you have criminals controlling and manipulating everything, and I mean everything you see and hear. Critical thinking skills and discernment is a must when living in the Matrix!!!!!!
hah negative 11 and Nasdaq running Green already.. Nice Call ZH.. :))
Rally coming, punks!
Ooooh, yeah - that's it! Call the final score at the end of the second inning - sheer fucking brilliance!
Plenty of more downside ahead of us after this pullback completes. Full Market Analysis here http://bit.ly/nUGJAO
bear market...
buy 2 seals
get 1 free...
I am totally inuit.
You sound like an idiot fdisk
http://confoundedinterest.wordpress.com
Bad economic numbers. Europe on the verge of collapse, Bernanke gives his laconic "we are screwed" speech.
What's not to like?
the market rallied on the back of QE hope. The banksters think wth a bear market call QE free money train must be leaving the station.
low is in (sp 1075) , for now ..... next is a rally to 1250-ish , then it's light out . i covered half of my SH (entered @ sp 1224 a few weeks ago) today @sp 1088 . will re-enter (in a much larger way) @1250-ish , probably in a few weeks .
It´s a bear for all practical purposes.
Today one third of stocks are at a new low.
Pretty staggering.
Long Time Coming
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