To make new highs, and save the decline in europe. Gs needs 1050 by june to nab the premium out of the gold market if greece leaves.
Metals, more firings and layoffs ahead to hold the markets up.
Yep, here they come onto the networks tomorrow. Paulson, gates, buffett all of them will be on this week to try and stop the selling.
Dufus imbecile administration has no clue, and keeps getting the media and stats to lie.
The data doesn't matter if you have a massive stimulus plan in place, as our guys at the fed, treas, and banks have said to do 'whatever it takes'.
Take that money out, transfer it over, short down gold, oil, currencies everyone's purchasing power, and bam. More hyperinflation for the banker's bonuses.
In the complying is the lying. There is no technical reason for the miday turnarounds in the markets over the last few days.
Interesting. I am following the derivatives bookings here. The problem is that the hedge funds are not buying back in immediately, number one. No two, the big banks in europe have to have higher markets to hold in and attract investors, but the us ones are massively short the dollar gold and oil. They can't get the voloatility to get them down anymore due to the rigging by europe. Now at least we get to see them screw eachother, instead of the rest of us.
At least when the fed heads speak it was based on something.
The more we selloff, the higher they rid them.
They can't hold it up for the banks w out the dollar fading along with crude and oil, they have to get them down. The only way is to let the markets go and reel in the short money to pump back up. The moonshots w asia and ftse not working enough.
You can really see it on the charts. They were in danger of rolling over, and losing funds interest, if they are able to pull this off, I don't see how we won't have more new highs, every month, all year.
Because they are more of a priority to the guys who are running this market, imo. Bofa goes any lower, they can catch hell for that, lot of retirees in it. Fb too recent an ipo, and morgan stanley won't allow it to go lower as it would hurt them. Twtr, baba and others are too recent an ipo, and they have to have them perform ok to shop them to investors for '15, and big hit would hurt the yearlys.
See how dow and spy have faded? These stocks will have to be attacked price will to make sure gold is down towards 1200 into opex, it's what they have to have to keep spy and dia up... Ndx is always the last priority, and they may kill those stocks in it, as hedge fund mgrs have sold them into taxes.