Because when you're as complete an idiot and obnoxious twit as turnip/mav is, you're going to get a lot of flack from a lot of different people. It makes him feel bad to think that he's so widely despised, so he comforts himself with a delusion that all those people are really just multiple IDs owned by a single person who is so obsessive that he devotes every minute of his life to harassing poor turnip on a message board, and doesn't even sleep. I say that because I'd bet that if you put together all the posts by all the different IDs he calls "Vegie", you'd probably come up with near 24/7 coverage, so in order to entertain his delusion, turnip has to literally believe that this imaginary nemesis doesn't sleep.
The Great Vegie Delusion probably started out as an attempt to convince himself and everybody else that all the people who ridicule him are really just one person, but it seems to have taken on a life of its own and developed into bona fide paranoia, because he sees "Vegie" IDs everywhere he turns, labeling people who've never even had significant interaction with him despite a long posting history as "Vegie" IDs. Then, when they start deriding him after he brings his idiocy to their attention, he probably see that as "proof" that they're his imaginary collective enemy.
In my case, the only "proof" he needed that I'm part of the Vegie Collective was the mere fact that I responded to some post about religion a few days after it was posted, and I didn't even express any opinions other than that it's off-topic. Yet to him that was not only a cause for *suspicion* that I'm "Vegie", it was conclusive proof, and he wouldn't let go of it. Read the thread, it gets pretty entertaining: http://finance.yahoo.com/mbview/threadview/;_ylt=AhSHstF8SW4_yQMMFOF6W2zeAohG;_ylu=X3oDMTB2b2NvNWRrBHBvcwMyNQRzZWMDTWVkaWFNc2dCb2FyZHNYSFJVbHQ-;_ylg=X3oDMTBhYWM1a2sxBGxhbmcDZW4tVVM-;_ylv=3?&bn=858846e5-d0a6-316a-b8a7-5fe6fda40ca1&tid=1409454642482-d6fb04ac-ac69-414b-a0b2-cbb7aa2998f5
Can't argue with plainly observable facts... :|
And of course there's the overnight ramp-up of futures. Search on YouTube and you'll find an interview with Cramer in which he explains how easily and relatively cheaply he was able to do that as a hedge fund manager.
You overestimate the extent to which the stock market is driven by the news of the day. That's a popular misconception driven by the media trying to explain the daily moves of the market according to what was reported on that particular day.
If you see a sudden precipitous plummet or torrential surge that materializes out of nowhere and looks out of step with the preexisting chart patterns, that's a reason to suspect that there was some major news (but those kinds of moves tend not to last, unless they just happen to coincide with underlying market pressures and serve as a catalyst for a big move that was going to happen anyway). A typical stair-step pattern that gradually gains steam over several hours like this one is generally driven by technicals, and by longer term fundamental considerations, not by some unexpected news item.
*If* this is in anyway being driven by news, it would be news that some major players anticipate but hasn't been publicized yet. For example, if it's being whispered in smoke-filled rooms that tomorrow's employment report will miss badly, or if Wall Street insiders have been tipped of by their political insider cronies that the prez is planning a major surprise attack in the next few days.
Anything below that would be a bearish engulfing. That can't be allowed to happen, it looks bad on the charts.
Heh...there are several very amusing ironies at play in this thread:
1. You keep repeating that I'm "Veggie", and you will continue to keep repeating that, because it's the only means of trying to save face at your disposal, but it only makes it appear to your own fatuous mind that you're saving face, since to everyone else it's self-evident that you're wrong. By trying desperately to save face, you're only making yourself look pigheaded and delusional.
What's even funnier is that you know very well by this point that I'm not "Veggie", so you're making yourself look even stupider than you actually are with your own vain efforts to avoid looking stupid. You'd actually lose less face if you *didn't* try to save face.
2. I don't even know who this "Veggie" that you're referring to is. I'm assuming that it's some defunct ID that either I don't remember or was active at a time when I was not.
Effectively, "Veggie" probably doesn't even exist. Oh, don't get me wrong: I don't doubt that there once was a "Veggie" ID, nor that whoever used it is still posting under a different nick and perhaps several nicks. However, it sounds like at this point "Veggie" is just the collective name of some delusion you have that many different posters are all the same person as the one who once used this "Veggie" nick, who obviously got under your thin skin in a deeply traumatizing way.
3. Last, and most amusing, is that your cries of "Veggie" have had the effect of repeatedly bumping this thread at the top of the board -- the very thing you were whining about -- when if you hadn't cried "Veggie" the thread would have been buried and forgotten long ago.
Thanks for all the entertainment!
That's boilerplate sophistry: Make an unfounded claim about someone; if they don't deny it, call that a tacit admission, and if they tell you you're wrong, trot out that overused line (whose actual meaning is clearly above your comprehension), as if denying something is proof that it's true.
But this was the kind of response I was expecting. The only way for you to save face is to persist in calling me "Veggie", since to do otherwise is to admit that you were wrong, and emotionally insecure people are afraid to do that.
If you mean an "admission" that, despite being not only false but utterly gratuitous, from your perspective it's one of a great many possible explanations, that's not much of an admission, it's just a statement of the self-evident, provided for sardonic rhetorical effect, as anyone who is not mentally deficient would plainly recognize.
If by "admission" you mean that it somehow implies that your delusional nonsense was correct, then logical reasoning and verbal comprehension aren't your strong suits. :)
My jury is still out on what exactly you meant by "Thx for the admission", but I'm sure that will soon be clarified.
That's one possible explanation, but not a very good one.
A better explanation is that for some reason this showed up at the top of my list (possibly because I might have inadvertently pressed one of those numbered buttons), and I didn't carefully study the details of the post and notice that it was from a few days ago.
One tends to come up with far more accurate explanations by using Occam's razor than by multiplying Veggie entities beyond necessity. ;)
Actually, VXX has been a real pig today for the first time in over a week. For the previous five days it has been bucking the trend in SPY, but today it's surprisingly weak. I would have expected that in light of recent activity, VXX would take off as soon as the rally knight showed any #$%$ in the armor.
A down pattern for nearly two weeks?? Are you sure that's allowed?
Market declines are supposed to be measured in minutes or hours, not weeks.
Oh really? Then you must have slept through the summer of 2008, when a chorus of talking heads on CNBC was crowing about "a once-in-a-lifetime opportunity to buy financial stocks" during their last gasp before the big crash, and analysts were upgrading moribund stocks right and left, especially RIMM, which was just beginning its decline from an obvious all-time high at 148 (it's now trading at 10 bucks with the S&P 500 at a record high).
Sorry, but I think you're misunderstanding.
He's not trying to make any definite prediction. He's being deliberately ambiguous so that later he can claim that he made the right call and that anyone who thought he was saying something different misread it, and of course that he made a bundle by making exactly the right trade at exactly the right time.
It's the same principle used by prognosticators as far back as the Oracle of Delphi and most notoriously by Nostradamus: be cryptic and ambiguous enough that it's likely that it will be possible to retroactively interpret your words as correctly predicting future events regardless of what they may be.
Oh, please. "Ain't worth my time"...who do you think you're kidding? It's not as if you have anything else to do.
You can't be serious. I used to get offers for credit cards with a 0% or .99% interest rate for the first six months and a single digit rate after that at least twice a month. I haven't seen a single one of those since the financial crisis.