Morning Audibles 5.6.10 A Hugh Hendry Sighting

My good friend Hugh Hendry was spotted on "Crosstalk". Whenever there is a Hugh Hendry sighting, it's best to just sit back and enjoy his gems of wisdom. CV won't muck up the experience and therefore offers it as a "stand alone"...

Enjoy!

413 comments:

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CV said...

But I will offer some ideas here...

2,3,5,8, who do we appreciate?

Today is DAY 8 after 1219.8...

Since March '09, most all market corrections had reversals on FIBO days...

CV is expecting to see 1152 (or possibly a slight throwover lower), then a REVERSAL of some sorts today...

It could be a pretty powerful move (which ends with a DAILY green candle)...

So keep your emotions in check today...

mcHAPPY said...

When does the damn break? EUR/USD at 1.2714? EUR/JPY 119?? When does the carry REALLY unwind?

CV said...

From other thread

My estimate is that 2012 is not about the world ending but a world reset. A debt jubilee for world governments.

@Amen

That's basically what CV has been saying since the first day of blogging (and long before that, just thinking it to myself)...

That's why I do all the "self sufficiency" preparations in my real life...

The last place I want to be stuck is in LA or Manhattan when this all goes down...

call me ahab said...

CV-

did you catch my post re BR-

the dude has switched to all cash- and actively looking to short-

interesting- in that he was 35% cash just a day or two ago

Bruce in Tennessee said...

The new bubble advances...the sovereign debt bubble...we are inflating this bubble with even more expertise than the global housing bubble.

Hugh, of course, has it right. I think were I in Greece, and I knew I'd be poor for the next few decades, I would protest too.

I suppose the obvious question is: Why doesn't the Greek government now, after due dilligence, decide to withdraw from the Euro? You know, the first year you go out for football as a freshman, and there are all those seniors kicking your ass, it seems like you'll never get to be a senior, but you do...in the Greek case, the country may ALWAYS be a freshman....

CV said...

@ahab

Good for him...

Welcome back to the DARK SIDE sparky! Maybe he'll have more time for blogging and CV can take a vacation :-)...

call me ahab said...

. . .or should I call you General Zod

Nic said...

McF
AUDUSD and AUDJPY are the hot charts, that's where you watch it unwind IMHO

flip-flopper said...

"interesting- in that he was 35% cash just a day or two ago"

If I remember correctly, he was short nasdaq a few months ago as a hedge, or was that another wall-streeter dude?

CV said...

@Bruce

CV, as a freshman, kicked all the SENIORS asses!

13 VARSITY letters (try and figure how that is possible)...

Anonymous said...

@Ahab, re Canadian RE in bubble(Thanks for telling Greg "off").

Bank of Montreal just served a notice of fraud to a MP and 100 others in Calgary. That MP is also a lawyer.

I have cousins in Calgary, who I know could not possibly amass so much wealth in such short time span by just flipping in a legal way. But I have no proof.

Anyone who thinks Cdn Re is not in a bubble has vested interest! Possibly, heavily invested in RE.

Nic said...

Great vid CV - I<3HH
This article is bang on if you ask me:
http://baselinescenario.com/2010/05/06/it%E2%80%99s-not-about-greece-any-more/

Europe has completely fked it up.

Nic said...

oops excuse my language

AmenRa said...

I find it funny that the BEA had no estimate for GNP or GDI for 1Q10: http://bea.gov/newsreleases/national/gdp/2010/pdf/gdp1q10_adv.pdf (Table 9). Is it that bad?

call me ahab said...

vacation's? (or as Nic would say- holiday) please-

that's for suburbanites-

next thing you'll be telling me is you drive a mini-van w/ DVD screens on the back rests

Nic said...

Watch CRUDE - at trendline support from the 08 lows ... a breakdown perhaps

CV said...

@ahab (9:10)

Kneel before me... :-)

CV said...

@Nic

"fooked" is acceptable slang on SC...

Nic said...

Bonds are puking in Europe, the meltdown is about to continue in EUR

CV said...

@ahab

Every day is a "holiday" for CV...

Nic said...

Madonna sang "Holiday" before she even became a faux-Brit

CV said...

It'll be interesting, to me anyway, to see what GLD does around the 115.74 level...

CV said...

Matt Holliday is a slugger for the St. Louis Cardinals...

CV said...

Doc Holliday was a good friend of Wyatt Earp

call me ahab said...

madonna-

she's not phony or anything-

and I always found her to be a bit on the "bow wow" side- but hey- that's just me

Mannwich said...

Great clip, cv. Hendry's great.

karen said...

You all began without me this morning! got coffee! and ready for the show.

CV said...

Bucky just hit a 52 week high...

Nic said...

Ahab,
I don't think she is phony but she is just not British, thats all I meant :)

call me ahab said...

anon @ 9:13-

nothing against greg at all- his comment at the "sister" site however was bit naive about human behavior-

as if "there could be no RE bubble in Canada" was even a reasonable assumption

CV said...

CV can settle this "Madonna" debate right now...

After extensive research, I've come to the conclusion that she IS, IN FACT, "phone-y"

Here's my evidence...

http://gizmodo.com/assets/resources/2007/04/madonna-iphone.jpg

karen said...

poor euro! i'm sad about it! and not only cuz i have a drawer full..

call me ahab said...

Nic-

she and Bono- going to Africa like they are saviors of the poor Africans-

why don't they help people in their own countries?

that's why their phonies in my book-

it's all about them and what attention they can garner-

South Park crucified Bono

CV said...

Drizella

CV said...

@karen

So much for all those Europeans with their shopping bags full of Euros storming Manhattan this summer...

Looks like the lines might be smaller at BG...

AmenRa said...

Sugar is being taken out back and shot.

karen said...

Where/how does Madonna fit in to all of this? and i thot she dropped the accent when you got back in the states..

call me ahab said...

alright-

gotta roll out- running late to a 10:00 meeting-

catch everyone later

CV said...

I wish we'd hit 1152 kind of EARLY...

I kind of want to take off an do some things this afternoon...

Technicals permitting, CV is going to take a hard look at putting on a little "hedge" around 1152...

CV said...

@Amen

I contemplated doing a "SUGAR" thread this morning (with "The Archies")... But Hugh Hendry trumped all...

karen said...

well, i'm upset that we didn't get a lower low on spx.. but look, we have hours to go.. and a shoe may drop out of anywhere!

karen said...

HH is really getting to me, laughing..

CV said...

@karen

It's coming (lower low/spx)...

spoonman said...

Don't know if this was already posted here. Meredith. Scariest line: "banks really, truly believe the housing market has stabilized"

AmenRa said...

S&P Issues A/D 0.8
S&P Vol A/D 1.5
NYSE Issues A/D .69
NYSE Vol A/D .95

The S&P and NYSE are not in agreement. Probably explains some of the volatility.

I-Man said...

Loving the morning Hugh...

Catch ya later...

Nic said...

McF .. I think we do have a shallow dollar correction now. We had the presser, the ECB are fiddling while Rome burns but market did not tank so ... perhaps collapse averted for a little while.

karen said...

I'm livid over the greece thing now.. thank goodness the other countries are lining up for a handout.. it has to stop somewhere..

can't wait to watch Meredith next!

I-Man said...

Watch BAC...

karen said...

fxp is driving me crazy! in a bad way..

I-Man said...

GE too... looks like the trash might start to swirl...

karen said...

Meredith is perfection.. absolutely love her..

I-Man said...

Was there a MW clip up there somewhere?

I-Man said...

Sorry... found it.

McFearless said...

Is HH the man or what.

@Nic
"AUDUSD and AUDJPY are the hot charts, that's where you watch it unwind IMHO"

yes I'm keeping an eye. Great action setting up here.

@spoon

I thought the scariest thing she said was about the size of nonperforming assets...that stuff is coming to market sooner rather than later....1.5x the size of all charge offs incurred since 2005 at the top 4 banks. they do not have enough capital by a long shot if this is the case.

So, the question is, how long before another round of "stress tests"?

CV said...

Meredith says...

@karen (10:26)

Thank you karen! I always enjoy reading your comments too...

We need to go out shoe shopping some time... :-)

I-Man said...

Ok, watch that 1162 gap on the SPX 1min chart...

McFearless said...

I think Meredith has acid reflux or something....

CV said...

It seems more to me, upon further review, that we're going to end up getting a 21 day type correction...

Even if we get a wave ending around 1150-1152, my guess is that the bounce might only go as high as the 1172 area...

It hardly seems worth playing a counter move for 2%...

karen said...

I understood her manner of speaking perfectly.. she's trying to be succinct and accurate and she's high energy... her brain is working faster than her tongue.. NOT ACID REFLUX, or something!!!

Anonymous said...

Aud changing lower...

bob

Nic said...

Bond yields exploding in Europe, Greece back at 800bps over bunds.
A lot of money going to Yen

Mannwich said...

Goldman to take it's little slap on the wrist and go back to its pillaging ways? They probably make this little fine in one day of prop trading.

http://www.zerohedge.com/article/charlie-gasparino-says-goldman-settlement-be-between-1-and-5-billion

Bruce in Tennessee said...

@Bruce

CV, as a freshman, kicked all the SENIORS asses!

13 VARSITY letters (try and figure how that is possible)...


...But CV, didn't you go to an all-girls school? That might have had something to do with it.....

McFearless said...

lol karen, I'm only saying that because I tend to do what she does when I talk, and I think I have it, hahahahah.

I hear her like you do Einhorn. she's the best, and so smart.

McFearless said...

"heart her"

McFearless said...

amzn chart getting fuglier each day...

CV said...

@Bruce

HA! I wish... My letters were in football, baseball, & track...

I would have only made jayvee field hockey :-) (and gotten my shins battered in the process...

McFearless said...

you didn't play golf C?

CV said...

There's your LOWER LOW karen...

More to come...

CV said...

@McF

I played golf on my own time... (not in HS)...

I didn't really start playing a lot until I was almost 30...

McFearless said...

funny, those january shorts are......flat.

McFearless said...

just throwing out there, got my first poison ivy of the year, it's an annual thing for me.

karen said...

all these charts look the same (fxp, bzq) for example.. picking targets is near impossible for me.. looking for 1150-52 to let go of some shorts i guess.. this is all one trade is effing madness..

karen said...

which is to say.. i have been a lousy trader this year..

CV said...

UK election: Best bet is that history will be made

http://news.yahoo.com/s/ap/20100506/ap_on_bi_ge/eu_britain_election

---

Is anyone, but me, SICK & TIRED of the "history" (or "historic") label being slapped on to everything that moves?

I think friggin' Obama got us on this kick...

Everytime he does something, it's HISTORIC...

"My fellow Americans, I'm going to take leak, but it's going to be AN HISTORIC leak... One for the ages, that only a great man like me could ever produce... And the next leak I take will be EVEN MORE historic than the first one"!

McFearless said...

you bears shouldn't be so pumped, stop trying to short this thing.

QE for life....

where's that dude?

McFearless said...

I think this counts better as a fifth down instead of still being in a third, we should get a bounce soon and I like the idea C had early this morning, if it looks choppy and three on the way up I will back up the truck short again.

karen said...

fxp above 45 is gap fill and break out on weekly chart.. could tap 47 even today.. i'm a wreck !

look at srs! even faz!

karen said...

no one up for 1139?

McFearless said...

of course this could still also be corrective down.....I'm starting to lean toward that as alternative rather than primary count, we'll see on the bounce.

loving the FXP....

DGUF.

Mannwich said...

Selling picking up steam here.

karen said...

i raised my fxp sell limit..

karen said...

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McFearless said...

tlt manny....

Mannwich said...

You know it, ben.

McFearless said...

does zero hedge ever work anymore, everytime I go there mid-day the site is down. They must have a ton of traffic.

CV said...

@karen (11:13)

Eventually... but not today...

We hit 1152... I'm waiting for a last wiggle down to 1150, and then I think it might reverse for awhile...

spoonman said...

I have a confession to make. I made a bad trade this morning. The game plan was to short when the gap down this morning got covered, but I got impatient, put the trade on too early. It worked out, but I was riding a bigger potential loss than I wanted to(i.e. I violated my mental stop). Good way to get screwed. Of course, the trade worked out and I made money, which is probably worse because I've positively reinforced bad habits so I figured if I told you guys it would be embarassing and I wouldn't do it again. There, I got that off my chest.

mcHAPPY said...

It is a nice day to be in on FAZ and FXP. My only wish is I didn't jump at TZA at around $5.50 and that it didn't retrace down around $5.60 level.

mcHAPPY said...

FULL DISCLOSURE: I AM THE ULTIMATE CONTRARIAN INDICATOR! I realized what I did above... they are probably going to close in the red.

AmenRa said...

CV

That's a Takuri line on the 5 min SPX chart testing 1151.86 (fibo .0557).

CV said...

Dr. Phil says...

@spoonman @McHappy

Relax guys... Read my new book and you'll feel better about yourselves...

McFearless said...

here's a relevant quote from Bob Prechter's December 2009 interview with TheIgnatPost.ru, when the USD's bull run was just starting:

Q: Currently in Russia it is very common to see forecasts which predict that in the very near future we will see a sharp decline of the US Dollar and a crash of the American treasury bill system. These forecasts cite quite strong arguments. What is the probability of such a scenario based on Elliot’s wave analysis?

-- The US Dollar is going to go up a lot in 2010, mostly because so many people think it’s going to fall. Back in 2000, when the dollar was topping, no one was bearish. Now everyone hates it. You always get “strong arguments” when markets are near a turn. This is because people use their conscious minds to create explanations for their unconscious moods. When mood are extreme, so are the arguments. Seemingly logical arguments always sound convincing at the wrong time. Long term, all currencies fail. So eventually the dollar will, too.

Q: Do you believe that the current crisis may mean the end for the economic model based on US Dollar emission?

-- I hope so. The world needs to return to honest money, which is gold, and IOUs for gold should be issued only by private entities. Governments ruin everything they touch.

Q: Will the US dollar lose the status of the world currency?

-- Of course. The only question is when.

CV said...

@Amen

Yeah, I'm pretty sure it will bounce somewhere here...

I'm still waiting for another little wiggle lower after I see some MACD divergence on the 1 min charts...

it should be coming soon, theoretically

McFearless said...

Hey C, check out this post:

http://www.ritholtz.com/blog/2010/05/europes-web-of-debt/


:)

BinT said...

@spoonman:

confession is good for the soul. Now tell us where you hid those Playboys from your parents when you were in high school...

CV said...

@McF

LOL - TWSWB Whatta guy!

karen said...

spx 15 min not showing an immanent turn.. lower we go..maybe a low 1150 or even lower??? i want 1139, a clean flush.

CV said...

It would be fun to see this little "takeout" go swooshing down to 1146 or so...

karen said...

imminent/immanent.. it all works !!

CV said...

That's probably all the "fun & games" we're going to get (1150)

AmenRa said...

Uh oh. Takuri line getting banzai'd.

I-Man said...

Sweet!

I go out for breakfast, and the hunt is on!

CV said...

The new I-Man indicator!

I-Man said...

Congrats on the TLT Manny!

bob said...

Mommy, is this what a disorganized carry trade unwind looks like?

Mannwich said...

Thanks I. Looks like Mannwich's market famine has ended or at least paused for the time being.

I-Man said...

Guess what hasnt bounced...

JNK.

Bob's Mom said...

EUR-JPY 117.0990 -3.1210 -2.60%

This is certainly getting close to a disorderly unwind Bobby...

Leftback said...

Happiness is a bucket full of AGG and TLT.

karen said...

I-man.. i am really watching jnk.. i think spx dips under 1150..

karen said...

and spx on 15 min is usually good.. for turns.

karen said...

1158 needs to hold to keep me happy.

Leftback said...

1150.26 the low as far as I can see so far.

LB feels bad for the JOHNNYS who got into those high flying HY funds late in the day. BRIAN is just closing the office for the summer.

mcHAPPY said...

Looks like Greece saved the day.

mcHAPPY said...

CV,

Tell Dr. Phil, "I told ya!"

Leftback said...

A 61.8% retrace of the 1202-1150 drop would get us back to somewhere around the SPX 1182 zone. Doubt very much that bulls can push beyond 1176 (50%) or 1182 at most.

karen said...

take a look at spx on the daily.. not close to oversold..

I-Man said...

Should I feel bad for my friends getting smoked in NRF today?

Nah... they shoulda known bettah.

bob said...

Gold is up.

CV said...

@LB (12:17)

x2

Sounds about right...

CV said...

@LB

However, I'd expect that move to come rather quickly...

Perhaps tomorrow (or even get started late in the day today)...

They'll try and use NFP (spin it bullish), and get shorts to cover going into the weekend...

That ought to get it moving enough to get to the levels you spelled out...

Leftback said...

Agreed.
Maybe even some Momo Monday - but then it's down again....

Did I ever tell anyone we could see a 1% on the 10y? Crazy idea, but if we have European meltdown and don't have a US QE2 then they will all buy Ts like there is no tomorrow. That would be nice for Manny's TLT...

CV said...

LT rape?

Hall of Fame linebacker Lawrence Taylor accused of rape

http://www.msnbc.msn.com/id/36987069/ns/sports-nfl?GT1=43001

SUFFERN, N.Y. - Football Hall of Famer Lawrence Taylor was arrested Thursday in connection with a reported rape in the New York City suburbs, police said. The victim reportedly was a 15-year-old girl.

I-Man said...

That would be nice for America...

I-Man said...

Not the LT rape story, that would be terrible.

The 10yr at 1%.

CV said...

@LB

I fully expected to see at least a 2 handle on the 10y in a "P3"...

CV said...

@I-Man

That's when CV would probably go ahead and put a mortgage on a portion of the farm...

I-Man said...

I think one could probably get long here with the mini's and make it pay.

1175.

Or at minimum hedge some shorts with some UPRO.

DL said...

LB @ 12:46

I see you've been listening to Gary Shilling.

(Not that he wasn't spectacularly correct for a while there).

DL said...

I-Man @ 12:53

Perhaps, but I'm not going to wade into the whirlpool at this point. If we were to get a sharp rally that began from the 1145 level (or so), I might try to short it, however.

karen said...

check jnk!

I-Man said...

Its a flushout Karen, watch the whippage.

DL said...

I don't expect to see the SPX drop below 1100, but if it does, Bernanke can always announce another round of toxic asset purchases.

Leftback said...

"I see you've been listening to Gary Shilling."

Not really, just following my Japanese playbook, DL-san.

I-Man said...

Oh shit...

I was wrong.

karen said...

i get a prize if 1150 is taken out :P

Mannwich said...

I'm wondering if a lot of bears (myself included) expect another significant pop up before we get our bigger leg down? Which leads me to wonder if we'll end up going virtually straight down and further down without a significant pop back up than many of us think? I mean, we went straight up for 13 straight months. What's to stop it from just doing the same thing on the downside, but only more quickly?

DL said...

I-Man @ 1:12

Has that ever happened before?

I-Man said...

You should... I didnt see that coming today at all.

I-Man said...

@ DL

Of course, I just dont always admit it right away.

:)

karen said...

this is a joke; clearly the banks have no clue on the housing situation..

Citigroup, Inc (NYSE: C) raised its price target on Beazer Homes (NYSE: BZH) from $6.25 to $7.00 and remained its “hold” rating on the company.

Citigroup analyst Josh Levin said that the price target increased is supported by the normalized earnings framework and reflects the process of minimizing risk in terms of the company’s the balance sheet.

Levin said that BZH shares have positive upside, however the stock doesn’t warrant a “buy” rating.

I-Man said...

But you know, it could still turn out to be one of these:

"Oh shit... I wasnt wrong... I was just wrong for thinking I was wrong."

Those are the worst...

bob said...

JNK just hit terminal velocity

DL said...

I-Man @ 1:17

I think you're wrong about that.

Mannwich said...

There it goes karen.

DL said...

It's a nice feeling to watch this while sitting in cash. Sort of like watching a deluge outside while you're sitting inside your house, warm and dry.

karen said...

faz to 15 on the rev h&s, anyone?

karen said...

dl, i can assure you it's a bit nicer being short... very, very short.

Mannwich said...

Or heavily in TLT.

karen said...

anyone up for 1139 now?

I-Man said...

Its nice to see your moxie back Karen.

DL said...

Karen @ 1:23

I know. But I can't watch the market continuously. Besides, I've got other sources of stress at the moment; don't need another.

Nic said...

Manny
I think the reason this drop has some legs because us Bears keep getting ready for the bounce ... just my 2c

karen said...

dl, i was just jk!! i have so much stress myself! husbands, sons, bfs, leaking balcony..

Mannwich said...

So when does the universal shorting ban get proposed and take effect?

Mannwich said...

Exactly what I'm thinking, Nic. So many bears are beaten down and suspicious. Ripe for the elevator down just early '09.

CV said...

1143 would be the 89SMA on SPX...

That was the launching point (in terms of CONFIRMATION) from after the February lows...

The 89SMA at that point was near karens top...

karen said...

Nic, along that reasoning, there aren't many shorts to come in and cover perhaps?

a huge blast just sounded outside my house.. i'm afraid to look..

DL said...

Mannwich @ 1:29

So did you hear about how members of Congress were shorting the market during their private consultations with Bernanke and Paulson back in 2008...?

Never got disclosed (till very recently)

CV said...

@karen

husband(s)... WTF?

Mannwich said...

I saw that, DL. Why does that not surprise me? I wonder how many of them "invest" and trade based on inside information too? Quite a few, I'm guessing? After all, silly little laws don't apply to some people.

Mannwich said...

@cv: karen must be a reverse polygamist. She just won even MORE respect from Mannwich. ;-)

CV said...

@Amen

Looking better and better for a WEEKLY 3lb reversal ;-)

DL said...

Mannwich @ 1:35

The bigger problem is that they sell information to hedge funds. Any time they have debates on bills that affect individual companies,they can sell that info to hedge funds, who then place bets (long or short) on the various companies involved.

No way to stop it.

Mannwich said...

Agreed, DL. There's NO DOUBT that this goes on. It's no wonder the politicans in both parties are in bed with Wall Street. It's the perfect quasi-criminal symbiotic "WIN-WIN' relationship.

Mannwich said...

Just over 700 points to have to put those DOW 10K hats back in the closet......AGAIN.

Nic said...

This is interesting:
http://www.thereformedbroker.com/2010/05/06/hear-that-sound-its-the-capital-window-creaking-shut/

Someone has to tell me how to put hyperlinks in one day

karen said...
This comment has been removed by the author.
karen said...

oops, laughing, tried to show you but it didn't work.. can't get into reformed broker site!

bob said...

Nic,

http://www.ironspider.ca/format_text/hyperlinks.htm

Just copy the text in the boxes, and replace the red text with what you want to link to and the text you want to appear. If I try to cut and paste it it will just show up as a link....

DL said...

I have to say, gold has held up very well since 4/26/10. Better than I would have predicted.

CV said...

@Nic

type in the TEXT for your link

Leftback said...

"i can assure you it's a bit nicer being short... very, very short."

Are you talking equities or skirts Karen..? :-)

I-Man said...

GDX and GDXJ also, DL. Miners looking pretty firm in this tape. Which kind of surprised me too.

karen said...

usb has a 2% short position..

DL said...

I-Man @ 1:53

Of course, it's not difficult to provide an after-the-fact rationalization.

I-Man said...

At some point I'd like to do an in depth look at the various miners, and break them down by country and currency risk.

Leftback said...

Gold is often an asset that trades like a currency
Copper, not so much...

I-Man said...

Banks look very bad... very bad.

Bruce in Tennessee said...

CR has a post up that says that the increase in personal spending last quarter came from transfer payments. I guess that means that the tax money I sent to Washington, that they then sent to LB, that is the reason there was some little juice last quarter.

But now what? Will LB continue his rakish leftstyle? Stay tuned...

I-Man said...

SWHC holding pretty firm past few days...

Locked and loaded.

DL said...

B/T @ 1:59

The welfare checks that Obama sent out last year via the IRS came from China.

The bill for that hasn't yet come due.

DL said...

We should get a rally in the wake of Germany's approval of the welfare payments to Greece.

karen said...

now look at jnk !! 37 a real possibility.

I-Man said...

Great call on JNK Mistress

karen said...

cv, i want a raise if we get to 1139-1140 !!!

bob said...

double terminal velocity, -.70 in a clip...

I-Man said...

36.45!!!

DL said...

VIX @ 28. This should be getting near the upper end of what we're likely to see.

Mannwich said...

Wow, this is quite impressive. I really want to get WAY more short too. Other than my tiny FXP position, I'm not there. Happy with TLT but still want to get short. Will I get the opportunity? Not so sure.

karen said...

i want OUT of my shorts, laughing.. almost there..

DL said...

Mannwich @ 2:07

At this point, you've got to wait for a rally. Unless you're really nimble.

Mannwich said...

So who will Cramer aim this year's "they know nothing" rant?

Yikes.

Mannwich said...

Agreed, DL. I'm waiting. Don't want to short now. At least I have the TLT and FXP.

I-Man said...

Manny, I wrote this for myself on my blog this weekend... Just for these occasions:

"1175...1150... and then the 1110-1090 range. Who knows what kind of fun awaits...

But, be safe- the tape will be volatile: take the easy money- sit back, wait... and reload. Dont go short on down days. Losers average losers. "

CV said...

1139 karen :-)

Leftback said...

WOW. Waterfall City.

Wait for it, Karen. You might be rich by the close.
More rich... and beautiful. It doesn't seem fair...!!

Manny, TLT and Bucky are on a roll.

karen said...

i'm a star today! imom.. laughing..

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