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Genesis Posts: 66462 Incept: 2007-06-26 
Royal Flush! 
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http://market-ticker.org/archives/1071-M....
---------- I used to play flute; I wonder if I can play a fife? I incite prosecutors to create "Bubba Sausage Parking Lot" projects Darrell Issa has a middle finger and knows how to use it - Me 2009-05-29 13:14:09
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Dji Posts: 553 Incept: 2009-04-21 
orange park
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SDS or SPY?
---------- What goes up Must come Down- Alan Parsons Project THE TRUTH HURTS! -Dji 2009-05-29 13:25:51
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Genesis Posts: 66462 Incept: 2007-06-26
Royal Flush!
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SDS and SH (different accounts)
---------- I used to play flute; I wonder if I can play a fife? I incite prosecutors to create "Bubba Sausage Parking Lot" projects Darrell Issa has a middle finger and knows how to use it - Me 2009-05-29 13:27:40
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Xqqme Posts: 74 Incept: 2009-01-09 
Ohio
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Delete this if you've already seen it. http://bloomberg.com/apps/news?pid=20601.... Bond Vigilantes Confront Obama as Housing Falters Other economists are more pointed. After falling from 16 percent in the early 1980s, 10-year yields have nowhere to go but up, according to Richard Hoey, the New York-based chief economist at Bank of New York Mellon Corp. “The secular bull market in Treasury bonds is over,” Hoey said in a Bloomberg Television interview. “It ran a good 28 years. They’re never going lower. That’s it. It’s over.” 2009-05-29 14:06:26
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Cabbage_the_cat Posts: 48 Incept: 2009-03-28
Atlanta, GA Online
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I like the Sept. SSO puts. :)
2009-05-29 14:06:47
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Dji Posts: 553 Incept: 2009-04-21
orange park
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SDS dec 75 calls that would put the s&p 500 around 800 only 50% retraction from 931 Question is can they kick the can down the road that long? ---------- What goes up Must come Down- Alan Parsons Project THE TRUTH HURTS! -Dji 2009-05-29 14:14:40
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Markytom Posts: 179 Incept: 2009-02-19
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I tire of the media's and other hacks cheering because second-derivative numbers are "improving" - i.e. becoming less bad. Half the worlds wealth evaporated (~$110 trillion down to ~$60 trillion). Of course second-derivatives are going to slow down, there is less to destroy. Kind of like watching a house burn - just because the house is burning slower doesn't mean that the state of the house is improving. It's only being destroyed slower because there is less fuel to burn. The end result is still a gutted house. Why is there the assumption that there will be a recovery at all (V, U, or otherwise)? There are countless examples where countries and civilizations merely collapsed and never improved (or not very much anyway). I worked at a company in the 80's that ran into big revenue trouble from several very poor decisions at the top. THe company had massive layoffs over several years (3500 to 1000) and to this day is still at 1000 employess. It never recovered back to its golden days. I see no indication (especially after reading these Tickers over the past six months) that the US will have any recovery at all (and maybe never again). 2009-05-29 14:22:58
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Fortune Posts: 1384 Incept: 2008-04-21 A deep dark place...scary
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But, but,.. Cramer same housing has bottomed!!?? unh huh.
---------- It's a toss up. It is the Rule of Law that transforms assets into money: Martin Armstrong Math IS: Karl Denninger Legitimate questions deserve answers: Janet Tavakoli 2009-05-29 14:27:28
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Lonestarhog Posts: 64 Incept: 2009-03-06 The Republic of Texas!
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Some of Cramer's ancestors? > "The depression has ended." - Dr.Julius Klein, Assistant Secretary of Commerce, 06 September 1931 > "The worst is over without a doubt". - James J. Davis, Secretary of Labor, 29 August 1930 Cramer and the talking-heads at CNBS have a real problem, since they appeal to the Lowest Common Denominator in the retail investment world, who will some day wake up broke and destitute due to all their hype. Dr. Gerald Celente put it best, as I believe it will really apply to these Lowest Common Denominators. "When People Lose Everything And Have Nothing To Lose, They Lose It! Good luck Cramer and all financial talking heads. I will be watching the action on my TV with a big bowl of popcorn and a cold Longneck. Hog Last modified:
2009-05-29 14:50:36 by lonestarhog
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Boiled_frog Posts: 431 Incept: 2008-07-21
Some warm (not too hot) water of course!
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Quote:
I like this analogy. Good stuff. ---------- "Kilgore Trout had written a book about a money tree. It had twenty-dollar bills for leaves. Its flowers were government bonds. Its fruit was diamonds. It attracted human beings who killed each other around the roots and made very good fertilizer. So it goes." - Kurt Vonnegut 2009-05-29 15:08:20
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Webjazz Posts: 1355 Incept: 2008-02-21
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One commentator on a Yahoo news story made an interesting point in that unemployment numbers may start to improve because the ones who could be let go have been. New layoffs will be cutting more and more into the meat and bone of the companies doing the firing.
2009-05-29 15:18:42
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Lonestarhog Posts: 64 Incept: 2009-03-06 The Republic of Texas!
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The downward spiral (e.g. GM, Chrysler) has not abated. As many more companies that have not really participated in the current unemployment numbers begin to layoff/terminate employees, the numbers will accelerate. The present unemployment rate - when using the traditional method as done at ShadowStats.Com - is 20%+, which has entered depression era numbers. Just like in housing, we are a long way from the unemployment bottom. Hog 2009-05-29 15:25:30
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Ssg263 Posts: 94 Incept: 2009-01-07
NY
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Can anyone here make sense of today's market action for me? 10 year Treasuries yields down 5% BUT USDX down over 1 full point WTF???? 2009-05-29 15:50:24
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Lonestarhog Posts: 64 Incept: 2009-03-06 The Republic of Texas!
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Quote:Can anyone here make sense of today's market action for me? In a word: Intervention! Just look what they did to the DOW in the last few minutes of trading! "There Are No More Free Markets, Only Interventions" -- Chris Powell, GATA Hog 2009-05-29 16:06:57
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Ssg263 Posts: 94 Incept: 2009-01-07
NY
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DJIA rallies 50 points in the last 6 minutes of trading before a weekend I can smell the PPT all the way from my desk... 2009-05-29 16:08:27
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Fugitivekind Posts: 545 Incept: 2007-08-20
Boston
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My Congress Critter, Michael Capuano, is on the banking committee. He had a conference call and I tried to call into to ask him about AIG's $100 billion pass through to Goldman Sachs and other financials, the GM bankruptcy, along with following Ben's advise and predictions which were proven wrong the last 2 year. Either they simply screened for anyone who wanted to ask a financial question or the callers simply care about issues such discrimination, global warming, various other social issues, and Gitmo. Either way it did not make me feel good about our Congress Critters. I find it hard to believe they can be that clueless.
---------- There's something very strange about issuing debt to solve a problem caused by too much debt - Governor Mark Sanford (R-SC) 2009-05-29 16:14:53
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Dji Posts: 553 Incept: 2009-04-21
orange park
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short cover started at 3:25 got some help the last 10 min. ---------- What goes up Must come Down- Alan Parsons Project THE TRUTH HURTS! -Dji 2009-05-29 16:26:17
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Ssg263 Posts: 94 Incept: 2009-01-07
NY
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what profits did the shorts have to take at that point? The market had recently shot up from 8300 to 8450 before the buying frenzy took off at 3:54 PM.
2009-05-29 16:37:12
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Lonestarhog Posts: 64 Incept: 2009-03-06 The Republic of Texas!
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The PPT uses the S&P Futures to control the end-of-day Hail Mary Passes. They get the shorts - profits or losses - frightened into covering, and up she goes. These Mail Mary Passes have been going on since the 9/11 event. There is intervention in absolutely everything. Hog 2009-05-29 16:50:09
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Ssg263 Posts: 94 Incept: 2009-01-07
NY
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ugh....i'm going to the bar to forget this unmitigated disaster known as the USA post-1971
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2009-05-29 17:10:58 by ssg263
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Hihoherewego Posts: 507 Incept: 2009-02-25
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Quote:In a word: Intervention! Lots of people say that as housing goes so does everything else in the economy. I disagree. While housing is uber important in of itself, IMO the equity market is even moreso. All the 401k's, IRA's, Roths, etc., ultimately depend on the equity market to keep the economy from total collapse. If employees, retirees, investors, speculators, et al, stay out of the market then 'consumer confidence' doesn't exist at all especially when money-market, saving rates are paying half a percent - much less CD's. Housing takes second seat to equity because when worse comes to worse you usually can't sell your home in this environment fast enough to keep you out of dire financial straits due to job loss or other unforeseen catastrophe. But you can conceivably pull money out of retirement funds if you absolutely have to relatively quickly in comparison to help ride out the storm. This is the real bedrock supporting consumer confidence during these uncertain times short of cash itself. Granted if your house is underwater and you're behind on payments it's bad enough on consumer confidence. And it's even moreso bad enough that your HELOC is frozen while you're still making payments on a declining house asset. But if your 401k, IRA, etc., is going 'underwater' due to the market crashing then your most liquid safety net cushion other than dead to nuts cash in hand is absolute death to you and to the economy. There is no consumer confidence left after that. So yes while mortgage rates currently is the focus even if somehow they came back down the equity market if it crashes will kill any momentum going forward. The PPT has a mandate: don't let the market crash anymore than it already has - at least until the 2010 mid-term elections. Playing the market short in this environment is playing with fire. Bernanke may get his head handed to him intermittently on treasuries but you can bet your ass the PPT is covering the other side of the bet. So when I hear all the time about how can this stock market possibly be going up with all the bad news in housing, manufacturing, unemployment, etc., it wouldn't necessarily be that way if housing was going through the roof again. HELOCS would be unfrozen and people would be inclined to spend on non-essentials. Then the shorts would be having their way again because the market would respond accordingly (irrational exuberance) and the PPT would be inclined to allow them to do so with aplomb. Not so today. In fact the shorts are aiding the PPT with their little intermittent rallies from time to time but make no mistake the PPT is their irrational terminal enemy right now if need be. If Bernanke and TPTB purposely tank the market so that treasuries get boosted they've hit the suicide button and it doesn't matter what goes down because you have Mad Max - housing, banking, and equities crashing completely and simultaneously together - and they will crash simultaneously if this is allowed to happen to equities. Now if the time comes for one-world currency and government then you'll see them do nothing to stop it because there is no other solution in their eyes nor would they want one, per se. That's when you will know TEOTWAWKI is at hand - when all three go down together. Obviously they're not ready for it. Bottomline: it's an irrational market rally at this time for a damn good reason. What will happen after the 2010 elections is anyone's guess - for now. Last modified:
2009-05-29 22:42:57 by hihoherewego
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Neoplunger Posts: 114 Incept: 2009-02-08 N.E. PA
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Hihoherewego the stock mkt fell 55% in 17 months.. It is now correcting that drop. Normally retracement is 1/3 (38.2%) in price & time, minimum. TPTB are just people they are subject to the same emotions as you and me. No one or team can control any free mkt. I saw that triangle form this afternoon, at 3:35 pm went long SSO for .71 gain to the close.I've been watching & trading price patterns for 25 years. If their is some great overseers i don't detect it in the Elliott price patterns. There is a PPT ,but i believe they are subject to the same mood swings as the herd, simply they would have no effect. govt always reacts AFTER the fact, never before. Usually long after. ---------- If bull markets climb a Wall of Worry, I would add that bear markets slide down a Slope of Hope. Robert R. Prechter, Jr "Much of the social history of the Western world, over the past three decades, has been a history of replacing what worked with what sounded good". 2009-05-29 23:42:16
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Hihoherewego Posts: 507 Incept: 2009-02-25
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Quote:There is a PPT ,but i believe they are subject to the same mood swings as the herd, simply they would have no effect. I agree Neo the PPT cannot absolutely control a free market but they can manipulate it enough (with the essential help of MMs) to keep the perception that trends are going a certain way. I think that's what they're doing in conjunction with the MSM painting a rosier picture than actually exists for prime-time consumption. They facilitate orderly exits if you will when the free market is not cooperating. Again, this is for the benefit of the masses in their 401k's, etc., and no doubt IMO it is done for certain key foreign players that how should I say benefit from a petroleum-based synergistic reliance with subsequent re-investment of profits into our market, much less to benefit certain corporations that for example ensure viability of our military industrial complex. Last modified:
2009-05-30 00:20:26 by hihoherewego
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Hihoherewego Posts: 507 Incept: 2009-02-25
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On the flip side speaking of trends, this is definitely a negative one that bears continuous watching. Little wonder that equity market manipulation is being done to counterbalance what's looming out there. Otherwise it's premature meltdown. The globalists aren't quite ready for that - yet. http://www.nytimes.com/2009/05/30/busine.... 2009-05-30 13:46:46
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