It does matter long term. Without the debt washed away especially. Higher markets, and especially ones without corrections destroy the dollar, and all currenicies purchasing power. Notice record high milk, cheese and beef prices much. That the crude oil market hasn't gone down but is stabalizing to go up w another mid east war? The dollar will get crushed down to below .77 lows as all indexes march higher. With out a correction this will happen, and your purchasing power eroded. So it doesn't matter how high they go. Case in point is '07 Dow 14k and dollar 1.20 was strong market, 35% lower at 83 take that percentage off the Dow and you get 11k with fewer than 4% this is why they are always considered healthy. We've had only three in that range for over 3 and a half years.. Traders park money in currencies when they make big money. Banker's don't. They pay off derivativies contracts, and basically suck money out of the markets with -35 and + movies eliminating both sides of the profit in the options markets.
Now that the 'vote' was timed perfectly for the opening of the asian markets, and us futures, the dirtbag bankers will get what they want. A global system where they are in charge of all trading, everything that actually makes money since they don't want anyone else doing it. Except the co's they invest in of course.
Nice and early today, glad of them to join us.
There she goes, nosing back over. Possibly will be like hang seng, bust through 24k resistance, but the selling of the longer termers always wins out. It's lost 1,200 points in three trading days.
Thrown at markets. Shows how much gs, just owns about every one now, and everyone in them. 52wk highs on it's stock six days in a row. Without japan stimulus, we get dragged down. Major support for gold at 1200, no more price raid there for a while either...
This is what happens to dip buyers at the top of a market. They get called out huge, and lucky if the broker doesn't nab some of your portfolio as you get it. The big firms have been using these guys for a while, and paying them ok, but in the end you are better off going short w the little money you've made and stand to lose. They don't get the technicals, and don't care and pay the price. You also need ot pay attention to detail. Today, someone did a trade of 34k or so on Aapl, in the afternoon. That trades alone was 3.5m. Very shrud hedge fund probably, who knew it would have trouble going green during the fed, and may break the market.
That is how much the debt of the banks has cost the taxpayers. That is not the debt of the us consumer. This is the line the bought and paid for media want you to believe. It is THEIR debt not ours, that is being forced on to be paid for. Same thing as europe. Why do you think the irish are suing the ecb and union through scottland and threatening to leave? Same thing will happen here.
More fuel to the fire for the media to get paid for selling off bad ideas to the next generation. So they don't have functional families to compete with the socialist oligarchy currently running things.
Rbs I think it was, raising another 'price target' to 600. Good luck getting there now...
You forget to mention, that all dogs and cats will be special members and get special attention. All children will be allowed to do what they want within the club, as long as they are unsupervised due to long working hours of the members. Any unpaid accounts will be paid a the end of the month by the members former spouses, if all shopping card accounts and retail buying spree bills are not covered.
Not a lot of people have 100k lying around to trade and make some money. the big banks know this, so they've been able to use the to their advantage when keeping the markets in a tight range. The ones that do are rewarded, and back and forth it goes. My point was the manipulation was sort of breaking down, but as you said, still on the table. Aapl premarket trading is doing it at the moment. You would think that folks would be dumping it to buy alibaba, and others. But back in '04, that was the case w a lot that came out when nasdaq kept getting crushed. The big boys are not going to let the market stall on that again. I did usualy research for the weekend. Rand corp did a study on stocks and society takes 17yrs on avg to forget about a crisis. We are only six years into this one, and some brokers who know their stuff are finally spilling the beans, to me at least. Say that the whole game has changed to completely against the retail customer. Meaning that once the largest groups of customers who are since years ago are long, only then will trader's go short.
He's fos as usual. During the stress tests that market high is 3.15 and that is one of few times for year we almost had more than 3% correction. Probably trying to help out his buddy's long the market here towards those levels. Everytime he warns of something do the opposite. Especially in short term, if you have a position. Problem is, you don't know what he's going to say before it air's.
There is a cycle that started last month and w metals. Since we are at january support, lots of buyers. Banks have been shorting it down all year (It's competition for the sp and markets). The money they made on the contracts gets transferred over and voila. New market highs every week. So, now they are attacking futures markets and raiding those. Just like hang seng tonight. They gapped it down so hard, there is not way the traders did'tn get stopped out. That money will try and buy tomorrow to push the dow up like the usual clockwork. Am, 10 or so the again after noon. To get least one of the indexes green by end of day and another 50m thrown at aapl. This may break down, and has happened before. Depends on europe and how deep it goes down...
Very direct display unlike anyone else on here who toots their horn. Mine are currently and have been:
Covered iwm puts 40 of them 116 strike bought at 118 for and sold when hit 115. Still have 15 fb sept puts 70's bought at 78 highs. 15 nflx puts from highs also 487 and a few aapl way out 85's that will probably exp worthless at all for next week.
This proves how bad the job market is in this article. Anyone over fifty can't keep one w confidence, unless they are part of the banking system. No different really from joey ramone day trading when punk rock fizzled out. Now you can people who don't know or care what good music is, they just want to been seen dancing and making specticals of themselves and to be a part of an entourage. Talent and brains, experience have all taken a back seat to being part of the in crowd.
Well, you were right about that. Once it broke though 24k though it joined the club of market rigging with the nikkei. Long term investor clamoring to get out. But then you've got guy people like mark mobius with his twenty year track record and investors returns, going in to save it at support to defend the global banker's plans for for hyperinflation. It is a system that is now completely dependent on the next group of investors and or, new money flow. Which will end badly, sooner I predict than later. The smart money has been exiting this market all summer imo.
Just perfect in lockstep w the lows to turn it all around by the close, could'nt do it better myself... Expect another pulloff bottom w the lows in europe. It doesn't matter if there will be no funds left for spain after scottish independance. New highs for the markets thanks to rigging from our friendly central bankers.