When people throw in the towel, it's time to go long or short. Did nice round trip today as we approach the highs and back in. My estimate is they will trash the hell outta gold into greece, and gap over 5132 ath on ndx to get those year end bonuses, because they will be the last increase. These guys know they've created hyperinflation for a long time, so when they leave their jobs they will have to live off the interest, hence we will have rate increases. F your friends, kill your parents, and have a nice day...
Don't know if you saw my covering at .20 still green. Small long positions for weekend, had three contracts down to 1...
I don't agree. The purpose of fedspeak, so often, and these days with about three or fours days notice, out side of scheduled. Is to drive market direction. Not just in the indexes, but commods and forex. That is the next step for these central bankers. They want to control it all. They've done that with everything but currenices, which is the largest in the world. Ten times more than stocks and anything else, including crude. They use goldman as their broker, and the big banks maniuplate the markets to get rid of volatility. Geitner was right when he said volatility is the enemy. Why? Because it leads to cash payments. And that is what these socialists want, to get rid of people's ability to have it, and to keep it at their discretion once the public has any access. The rash of penalties, and fines has increased five hundred percent in the currency markets. Once they believe they are controlling it all, THEN and only then will they start to raise rates around the globe.
Because she knows no matter what she says, that the economy will be presented as good and recovering. What seems to be worried about is her reputation, after it is so bad and the news so positive that people start filing suits against their employers, and the institutions that provide the numbers. In modern day politics, it is called 'distancing'.
I always post miine right after done, if you end up being right, and others have the time to fill. Then otherwise, what is the point. Usually if the stock hasn't moved at all for at least 10min, that give me the time to post it, cause I don't get paid to do it.
One word. Hedge funds. They are buying and supporting the market, while the mortgage banker's get rifts from the big banks to fill the offers.
Here for next week w the 1pm speech. We should have gapped but we moved higher into close meaning we could sell off for weekend and holidays.
By allowing the masses over there to open accounts the big boys got what they've wanted for the year. More new highs into oblivion.
Your right, the bandwagon effect. They at least know most of them have no chance at anything lucrative. Most of these promises come from campaigning done by soros. Until we get rid of what that guy does on our soil, nothing will change.
I've been long short in these markets for last three years after buying back in 30% in '09 and selling that in '06. I ended buying put protection after 18k was being held up at 17,6 area and after march 31st when hedge funds were forced long by the big banks, and it was obvious any 3% corrections would be bought up fast, and the most being 10 would'nt happen again foreeable future. The real bears have real money, and the long are a mixed bag, with the banks fueling the fire with their offshore accounts and shares that come out of no where. Those to me, are not all that real, and the same as the money printing going on. In fact, I have learned, they are the same. When you buy stock, you used to get a certificate of ownership. Now that so few individuals own them, and the institutions do for them, you don't even see them anymore. That is where the problem is, and with the lawyers of the sec, who look the other way when there is a problem with verification.
metals here. My thoughts is the feds and banks w step in and destroy gold here in next month below 1200 and say that greece is still in the union on any kind of deal they create. Longing some stuff into june.
And the judges who rule against anything won't be given their 10m guarantee retirement package from gs
For twenty cent profit, old boyz will have to sell it off to get metals negative for day.
That is total bs, these bankers want high unemployment, and inflation to bankrupt private asset owenership, at least in this country for now. So they can have their constituents buy them up for pennies on the dollar. Which means to me, they should not be here in the first place. They are the main tool of the western european socialist bankers that we have been fighting for over 250yrs.
Read about jackson and how he revoked their charter and sent them packing back to europe. We did the same during our revolution, and then, and again tried with Lincoln and greenbacks. Again after ww2 with our bonds, and jfk tried to. ALL prez that did'nt support them had attacks and we are still battling them today, but they've never had this much control, it is our fault and mostly imo, the naive liberals who let it happen. EVIAN is NAIVE backwards. THAT water is on the tables of every meeting, btw and was introduced after the first set of governors was elected.
Don't argue w this guy. One of the alphabet agencies cubicle typers that is trying to shape public opinions on the boards of yahoo. It is their jobs.
They won't and unless you can't which most don't bother to do will do it for you. Dow 14175 with dollar 1.25 was a growing economy even with pullbacks. Dow 18k with dollar avg price of .85 = 35% currency devaluation which equals 12k. It has stayed the same. If you factor into it another 5 trillion in debt to get it there with that it may be a lot lower.
After melting back the move on friday's opex ramp up, they coughed it all back w a move as I have been telling you on gold to short term resistance at 1217, if it's up over night, will have more trouble being green.