TRADERS ANONYMOUS: Oggi Sciopero

Oggi Sciopero

223 comments:

«Oldest ‹Older 1 – 200 of 223 Newer› Newest»

wunsacon said...: I can't read these signs. Are you open? Can I still order a sandwich?; July 21, 2010 at 10:06 AM
McFearless said...: WTF? ??; July 21, 2010 at 10:09 AM
McFearless said...: I posted on the thread I saw before, when I did I came back to here, what is going on with blogger now?; July 21, 2010 at 10:09 AM
I-Man said...: I get the message...

See ya!; July 21, 2010 at 10:10 AM
McFearless said...: something's wrong here, when I click on my blogger reading list on the thread i was commenting on all morning now it shows "page not available" and brings me here.

get what you pay for I guess.; July 21, 2010 at 10:11 AM
Mannwich said...: They're trying to shut us all down, ben!! ;-); July 21, 2010 at 10:12 AM
McFearless said...: lol, maybe so Manny; July 21, 2010 at 10:13 AM
McFearless said...: I'm, just going to keep posting away, f it. but CV and McHappy are maybe stuck over on that other thread.

In any event, this is probably no big deal right:

Germany Fails to Attract Bids for All Four-Billion Euros of 30-Year Bonds; July 21, 2010 at 10:14 AM
McFearless said...: The Italians are looking for CV, they found his stash of gold coins.; July 21, 2010 at 10:14 AM
spoonman said...: don't know what going on with the current thread...but for the treasury bulls out there(we know who you are) from the latest flow of funds report. Who are the buyers?. Households. Banks. Choo-choo. All aboard the d-train!; July 21, 2010 at 10:15 AM
mcHAPPY said...: mcHAPPY is here and can't get back there.

I think CV is gone on strike and has a headache?; July 21, 2010 at 10:17 AM
McFearless said...: McHappy,

That other thread is like the matrix or something.

@spoon,

leftback had this pegged a long long time ago about how the buying would continue in govies. I remember him playing this out well over a year ago.; July 21, 2010 at 10:19 AM
Bruce in Tennessee said...: http://www.bloomberg.com/news/2010-07-21/germany-fails-to-get-bids-for-all-4-billion-euros-of-30-year-bonds-in-sale.html

who are the buyers?; July 21, 2010 at 10:19 AM
spoonman said...: The thread looks particularly ominous if you read the tagline for the blog right above the post - "just in case the world doesn't end - we'll always be here with Capital Markets narrative"
then
"blog closed"

hahaha; July 21, 2010 at 10:20 AM
spoonman said...: Yeah, I remember lefty mapping this out...just watching the signposts go by, that's all.; July 21, 2010 at 10:21 AM
mcHAPPY said...: Is there a strike in Italy against austerity measures?

Is this a reference to Jersey Shore refusal to film?

These are the only things I got when I googled.; July 21, 2010 at 10:28 AM
AmenRa said...: This freaked me out for a second also. But since the signs are in Italian I figure that's CV. Since the Euro and 10yr are not confirming the bullish move where does that leave us?; July 21, 2010 at 10:28 AM
Anonymous said...: @Amen (10:28)

Here...

http://traders-anonymous.blogspot.com/2010/07/amenras-corner_20.html?showComment=1279678361309#c903293979258780142; July 21, 2010 at 10:31 AM
Bruce in Tennessee said...: I think CV has gone Apocalypse Now on us...we may have to send someone after him...; July 21, 2010 at 10:32 AM
Col. Kurtz said...: @BinT

"The horror"; July 21, 2010 at 10:34 AM
McFearless said...: I'm telling you guys, the Italians found his stash, he's flying down the Potomac right now James Bond style.; July 21, 2010 at 10:34 AM
Anonymous said...: Heart of Darkness or work to rule?...we ought to consider a raise for CV.; July 21, 2010 at 10:35 AM
mcHAPPY said...: Today/tomorrow could be very crash-like if this continues to play out like it has thus far. Oh dear, nevermind, I just jinxed it.; July 21, 2010 at 10:36 AM
Pussy Galore said...: @McF

"I'm flying the plane"...; July 21, 2010 at 10:36 AM
Anonymous said...: You guys are pathetic. CV is having a typical hissy-fit because no one is hanging on his every word after being wrong for much of the last month despite throwing out so many predictions that eventually he will claim he was right all along. Who do you think sent the 10:31 to AmenRa?; July 21, 2010 at 10:39 AM
Bruce in Tennessee said...: I had a hissy fit once, didn't do me much good...felt better for a little while, though.; July 21, 2010 at 10:42 AM
McFearless said...: lol, I love anon's.; July 21, 2010 at 10:43 AM
Anonymous said...: You guys are pathetic. CV is having a typical hissy-fit because no one is hanging on his every word after being wrong for much of the last month despite throwing out so many predictions that eventually he will claim he was right all along. Who do you think sent the 10:31 to AmenRa?; July 21, 2010 at 10:43 AM
Anonymous said...: You guys are pathetic. CV is having a typical hissy-fit because no one is hanging on his every word after being wrong for much of the last month despite throwing out so many predictions that eventually he will claim he was right all along. Who do you think sent the 10:31 to AmenRa?; July 21, 2010 at 10:44 AM
Anonymous said...: You guys are pathetic. CV is having a typical hissy-fit because no one is hanging on his every word after being wrong for much of the last month despite throwing out so many predictions that eventually he will claim he was right all along. Who do you think sent the 10:31 to AmenRa?; July 21, 2010 at 10:44 AM
McFearless said...: ok...we got it.; July 21, 2010 at 10:45 AM
McFearless said...: I'm not putting much into today yet, that move yesterday looked pretty special and you could see a nice looking impulse up, this could merely be the correction of that move, we gotta break that 1070 range before it means anything, if that doesn't happen I still lean toward some upside.; July 21, 2010 at 10:46 AM
mcHAPPY said...: Wow... anon likes to hammer home the point.

Has anyone checked the chart of the EUR/USD? That is either a steep correction or the start of a new wave down.; July 21, 2010 at 10:47 AM
McFearless said...: McHappy,

that's two straight days UUP had a nice gap up. I still havent' done anything yet there on the long side, I don't think I missed the start of the move back up yet....or should I say I hope I didn't.; July 21, 2010 at 10:51 AM
I-Man said...: Anon, if you're going to call people out, at least get a handle.

Thats chickenshit.; July 21, 2010 at 10:51 AM
Anonymous said...: @ Anon (10:44)

Is that you Denise? From the "other" blog. Read last night's Amen Ra's corner. Denise was angry at some "Anon" . Now Denise doing the same thing?

Just asking?; July 21, 2010 at 10:51 AM
McFearless said...: I played with an iPad last night at a clients house....I gotta say, it's a cool little gadget imo.; July 21, 2010 at 10:52 AM
McFearless said...: yeah it's funny how the anon's all roll around bashing someone "being wrong for the last month" all the while doing so without so much as a name or a single call to compare to.

How about you grow a set and get a name like everyone else. CV is no different than all the rest of us, we get some right and get some wrong, and we are all just trying to be more right than wrong, sometimes that means a bad month or a bad quarter.

He's my friend so maybe this is biased but he hardly claims to be right all the time, that's total crap. that's a pretty moronic post if you ask me.

next.; July 21, 2010 at 10:56 AM
McFearless said...: @McHappy,

I'm not sure if you've noticed this but there are some, what would seem to be, important waves on the futures that don't show up on the cash. I have to admit in the very near term I'm totally lost right now when it comes to a count.; July 21, 2010 at 10:57 AM
McFearless said...: I read that ZH comment thread last night, you better be ready for war when you post over there, no matter what you say.; July 21, 2010 at 10:59 AM
mcHAPPY said...: Ben,

This might be a really stupid question but how would one go about checking the futures? What is the symbol?; July 21, 2010 at 11:02 AM
I-Man said...: Here ya go McH:

http://www.cmegroup.com/trading/equity-index/

ES for emini SPX

YM for emini Dow

NQ for emini Naz 100; July 21, 2010 at 11:05 AM
McFearless said...: McHappy,

Where do you house your money, like what brokerage? Most places will give you access to futures quotes as far as I know. Look for the symbol ES.; July 21, 2010 at 11:05 AM
I-Man said...: Finviz is a good one stop:

http://finviz.com/futures.ashx; July 21, 2010 at 11:06 AM
McFearless said...: If your brokerage doesn't have them I'm not sure if there is a place to get free charts on the mini's, anyone else know?; July 21, 2010 at 11:07 AM
McFearless said...: sometimes kenny says something that really makes me laugh, this was one of them:

They all look good until they do not. Sometimes using Elliott Wave Theory is like waking up with a hangover with a three-eyed woman!; July 21, 2010 at 11:10 AM
AmenRa said...: www.quote.com is a site for free (delayed) quotes. Also www.finviz.com is another good site.; July 21, 2010 at 11:11 AM
McFearless said...: anyone know anything about this outfit: EXAS

???; July 21, 2010 at 11:12 AM
Winthrop said...: @I-Man (11:06)

"Pork Bellies... I knew it!"; July 21, 2010 at 11:13 AM
I-Man said...: The I no check fi no swine...

babylon cloven foot.; July 21, 2010 at 11:14 AM
McFearless said...: Ra,

picking up on that link I had later last night, I found it interesting from two perspectives

1. it's timing is very interesting, especially in light of any new tension over the next several months between israel and iran

2. it reveals how easy our politicians are bought off, something the public is most certainly more in tune to than they were in the net during the Clinton years.

it seemed to be a very social moody type article to me.; July 21, 2010 at 11:14 AM
AmenRa said...: Ben

My thoughts on that article was "why now?" Why hold on to it for ten years?; July 21, 2010 at 11:20 AM
McFearless said...: alright, this move here would seem important, could be the last move down to complete the B wave before this C wave up.....or, well, lets just see what happens.; July 21, 2010 at 11:21 AM
McFearless said...: social mood Ra, imo anyway, I read the news much different than I used to since my introduction to socionomics.

There is a phrase Prechter used that was very eye opening for me when he was talking about how we tear down famous people at different times along the waves of social mood, he said:

It's not the person that we care bout, it's the persona

Michael Jackson could serve as a great case study for anyone that is interested.; July 21, 2010 at 11:23 AM
I-Man said...: Mike Tyson, also imo.; July 21, 2010 at 11:25 AM
McFearless said...: yeah, there are tons of recent examples, look at the boy bands of the late 90's and the early part of the decade, look at Britney Spears!; July 21, 2010 at 11:26 AM
mcHAPPY said...: Thanks for the links, peeps.; July 21, 2010 at 11:26 AM
McFearless said...: steroids in baseball?

and on and on and on; July 21, 2010 at 11:26 AM
Anonymous said...: He wanted it so badly - and now he's choking on it. You can find chickenshit somewhere between "consider looking for a successor", "paysite" and "psicosomatici". Or haven't you noticed?; July 21, 2010 at 11:28 AM
karen said...: You can stop missing me now cuz I'm back! Hope I'll get a chance to read CV's original post as I didn't have time at the open.. that's why I didn't comment. My bed wanted me back and I thot I could return to a red screen later. Not red enuf yet, tho!!; July 21, 2010 at 11:30 AM
McFearless said...: yeah, as was said yesterday here, and now voiced by DR today:

"Yesterday’s rally was widely considered to have been a reaction to talk that the Fed is going to find new innovative ways to bolster the economy — like cut interest rates on bank reserves. Please, the pundits say this will induce the banks to extend credit, which totally misses the point."

come on people, they are paying .25% on them...this was silly

Also, he talks about this:

"Japanese Investors Snap Up U.S. Bonds (page 20 of the FT). For all that talk about a foreign buyers’ strike... fuggetaboutit!! In the nine weeks to July 8, Japanese investors have bought a net $88.3 billion in foreign bonds, mostly U.S. bonds."; July 21, 2010 at 11:31 AM
Big Brother said...: I
told
you
yesterday
.; July 21, 2010 at 11:31 AM
Anonymous said...: He wanted it so badly - and now he's choking on it. You can find chickenshit somewhere between "consider looking for a successor", "paysite" and "psicosomatici". Or haven't you noticed?; July 21, 2010 at 11:34 AM
AmenRa said...: Question: Since the credit rating agencies will now be held liable which bonds will have the most problems? Ex: MBS, ABS, SovX, credit cards, autos, companies, etc. How many of these will be put on hold? Or rescinded? Or taken private?; July 21, 2010 at 11:35 AM
AmenRa said...: Karen

Hola! Creditcane should be merging with its buddy Creditami very soon.; July 21, 2010 at 11:38 AM
I-Man said...: Creditami... nice one.; July 21, 2010 at 11:39 AM
karen said...: Creditsunami? CV, let me know if you need to add my avatar to you impromptu post...; July 21, 2010 at 11:44 AM
I-Man said...: I'm thinking we get one more shot on the short side before lunch...; July 21, 2010 at 11:45 AM
Mostro di Scandicci said...: @Karen

Prendi un viola tagliaci la gola; July 21, 2010 at 11:48 AM
karen said...: i accidentally opened a ten min chart of T, interesting! oh! just noticed UUP.. I'm completely out of the loop this morning.. uh-oh, copper up.. just noticed the gap up open in JJC (copper).. currently looking like one of those doomed-to-blow-out black candles..; July 21, 2010 at 11:48 AM
karen said...: "get a purple throat cutters" lost in translation!; July 21, 2010 at 11:50 AM
karen said...: zerohedge -
Obama: "Dear Americans - you are all part of the Ponzi Collective; July 21, 2010 at 11:52 AM
I-Man said...: Or not...

May as well go make some breakfast.; July 21, 2010 at 11:56 AM
Juventino Tifo said...: Izza song a we zing nello stadio quando (when) we a play Firenze in calcio; July 21, 2010 at 11:56 AM
AmenRa said...: UUP held its 50% retrace and is moving higher.; July 21, 2010 at 11:57 AM
karen said...: Last night's mahi waiting for me in the fridge. Gotta finish my french roast first, however : ); July 21, 2010 at 11:58 AM
I-Man said...: Wash Uffizi drive me to Firenze.; July 21, 2010 at 12:01 PM
karen said...: MS has a $325 price target on AAPL.. WTF?!; July 21, 2010 at 12:03 PM
karen said...: A comment from Minack in the Downunder Daily:

"Western economies seem to be drifting, Japan-like, towards low growth, low yields, big (but surprisingly sustainable) budget deficits and scaled-back equity returns. If the drift continues, it will end in a deflation scare. No one is more scared of deflation than today's cohort of central bankers. The end-game, over the horizon for now, may be an inflationary printfest."; July 21, 2010 at 12:06 PM
mcHAPPY said...: @Karen

Didn't MS have a call of 5.5% on T's? lol; July 21, 2010 at 12:06 PM
Lord John said...: I-Man,
One of my favorite songs!; July 21, 2010 at 12:07 PM
McFearless said...: Ra,

re: credit ratings

muni's?; July 21, 2010 at 12:08 PM
McFearless said...: that last move down held support pretty well, looks like a B wave, we'll know by the close if it's over.; July 21, 2010 at 12:08 PM
William Tell said...: @karen (12:03)

I'll show you what I think of that price target.; July 21, 2010 at 12:10 PM
McFearless said...: could the dollar start it's next move higher during an S&P move to 1150 or more?

Well, why not, that correlation has been more than shaky for quite a few quarters now.; July 21, 2010 at 12:12 PM
McFearless said...: check out slide 9 from AT's sunday update on the dollar, if I remember correctly AT used the "diametric" idea on the way up with the dollar as well.; July 21, 2010 at 12:17 PM
karen said...: Ben, can't believe you aren't satisfied with 1090.. and here's my top if you really want to see it again.; July 21, 2010 at 12:18 PM
karen said...: DL, I guess I should put some shorts on, laughing.. lest someone comes to the door!; July 21, 2010 at 12:20 PM
karen said...: TraderMark on VMW: "The main question for a name like this is valuation... we have this stock along with a few others in the "valuation does not matter" wing of the portfolio, but of course it only does not matter... until it does. The way I treat these richly valued names is to cut back in front of earnings, and then once the coast is clear it is back to business as usual for the next 90 days until the next report. Eventually all good momentum stocks hit that quarter where analysts finally push out a target too high and you have that implosion, at which point you have to walk away."; July 21, 2010 at 12:28 PM
McFearless said...: lol, Karen, everyone loves your top of course!

I would have certainly been satisfied with the 1090, but I'm just not sure the market was :-); July 21, 2010 at 12:32 PM
I-Man said...: Soft boiled egg, half an avocado, a few left over yukon gold fingerlings, spinach chiffonade, and some green onions...

One of I and I favorite breakfasts...; July 21, 2010 at 12:36 PM
karen said...: The Shadow Knows, a new NLY blog post..; July 21, 2010 at 12:36 PM
karen said...: JNK is within a point of its 52 week high, fyi.; July 21, 2010 at 12:39 PM
arbitrage789 said...: K @ 12:20

Shorts on before opening the door; probably not a bad idea.; July 21, 2010 at 12:40 PM
McFearless said...: can see a little five developing here? schnikies!; July 21, 2010 at 12:43 PM
Lee Michaels said...: "Been 14 days since I don't know when"

"Been 13 days since, we hit ten ten" (1010)

Lord do know what I mean?

http://www.youtube.com/watch?v=fymw5ie9Zd4; July 21, 2010 at 12:45 PM
karen said...: from the NLY piece: "Third, it is terrifically reassuring that the Fed has the people and the resources dedicated to understanding this feature of the market." Those are famous last words if I ever read them.. the only thing I got out of that post was how much more "contraction" has to come out of the system. Frightening, indeed.; July 21, 2010 at 12:48 PM
arbitrage789 said...: From Ritholtz.com, 10:56 A.M. post:

Ego wants to compete: It wants to win and for others to lose; it wants to make more money than your neighbor; it wants to be right; and it wants to prove others wrong.

. . . . . . . . . .

Sure glad that doesn't apply to anyone here.; July 21, 2010 at 12:50 PM
I-Man said...: Ego?

Traders???

NAW... get out.; July 21, 2010 at 12:53 PM
Anonymous said...: http://www.cnbc.com/id/38343861

"JP Morgan CEO Jamie Dimon and Goldman Sachs chief Lloyd Blankfein were both left off the invitation list for thesigning of the Dodd-Frank financial reform bill into law."

“It looks a bit like crony capitalism—the White House playing favorites and rebuking companies that don’t instantly agree that every policy coming out of the Democratic caucus on Capitol Hill is the most brilliant idea ever,” an executive at one of the companies whose chief got an invitation said.

But if a war is brewing between Wall Street and the White House, it's a quiet and cold war. At least three executives who spoke to CNBC said that they feared White House retaliation if they were identified for this story. Others said they hadn’t been authorized by their employers to speak on the matter. No one would go on the record with their complaints.; July 21, 2010 at 12:56 PM
Anonymous said...: and now that the ink is dry; July 21, 2010 at 12:57 PM
72bat said...: @ DL
the trap door; July 21, 2010 at 12:58 PM
McFearless said...: I don't know any traders with ego's, I certainly don't have one

(kidding of course)

btw, that's a Kent Thune post, you didn't expect Barry to write about Ego did you?; July 21, 2010 at 12:59 PM
Nic said...: Oh dear, seems like Karen I missed everything.
Is this what Obama's internet kill switch looks like?; July 21, 2010 at 1:01 PM
CV said...: "Is this what Obama's internet kill switch looks like"?

Yes; July 21, 2010 at 1:06 PM
McFearless said...: timmmmay!

http://www.youtube.com/user/optionmonstertv

and no, not that "baller" Timmy G.; July 21, 2010 at 1:08 PM
Nic said...: Hello CV
Interesting commentary today. I am at babelfish translation now.; July 21, 2010 at 1:09 PM
Mitch Cumstein said...: I was kicked out for "night putting"...

I was "putting", with the 15 year old daughter of the dean...

http://www.youtube.com/watch?v=4xNFPaPor8A; July 21, 2010 at 1:11 PM
karen said...: Nic, oh please just forget where we've been today and tell us where we are going? !!; July 21, 2010 at 1:14 PM
Obama said...: I plan to appoint a czar to oversee the internet.; July 21, 2010 at 1:17 PM
karen said...: Mr. TopStep.. TopNotch

http://www.youtube.com/watch?v=F5Xlq2XZiOw; July 21, 2010 at 1:22 PM
karen said...: Vix sonar: http://www.youtube.com/watch?v=vFm2iew2sXo; July 21, 2010 at 1:25 PM
karen said...: praying topnotch is wrong and a bull trap has been set..; July 21, 2010 at 1:25 PM
I-Man said...: That Mr Fibonacci, he's got something up his sleeve.; July 21, 2010 at 1:26 PM
karen said...: 30 and 10 year yields looking bearish to me..; July 21, 2010 at 1:27 PM
I-Man said...: Tough to fade Tim Hefkie, my dear Auntie.; July 21, 2010 at 1:27 PM
Nic said...: Karen
we are in an ugly chop zone
I think lower for the rest of the week and a push higher next week ...
Just too much nasty news to end the week; July 21, 2010 at 1:29 PM
karen said...: I did it very successfully a week or two ago.. well, that was Danny that I called out.. even a blind squirrel finds an acorn once in a while : ); July 21, 2010 at 1:29 PM
karen said...: Nic, and boy do I know what an ugly chop zone is.. paddling again the wind and current with a cold salt spray stinging your eyes and freezing your bod while your arms feel like they are going to fall off.; July 21, 2010 at 1:31 PM
I-Man said...: Long, clearly defined trend.

Short, ugly chop zone.; July 21, 2010 at 1:33 PM
arbitrage789 said...: "paddling against the wind and current with a cold salt spray stinging your eyes and freezing your body while your arms feel like they are going to fall off"

Surfing, I assume.; July 21, 2010 at 1:35 PM
karen said...: I <3 ZH !!

Bill Miller Says Large Caps "Once In A Lifetime" Buying Opportunity.... And He Has Many Of Them To Sell To You http://bit.ly/9HTMXt; July 21, 2010 at 1:35 PM
karen said...: DL, paddleboarding: http://www.joebarkpaddleboards.com/boards; July 21, 2010 at 1:36 PM
Nic said...: Karen you and I have obviously drunk more than our fair share of seawater :)
I am tempted to call it a day. Big news of home sales and employment is tomorrow.
Unless Bernochio announces he has leased a helicopter; July 21, 2010 at 1:36 PM
McFearless said...: Bill 'Amazon is Cheap in 1999' Miller?; July 21, 2010 at 1:37 PM
arbitrage789 said...: K @ 1:36

I see.

Looks like fun.; July 21, 2010 at 1:38 PM
McFearless said...: of course, i always liked his call on countrywide the best; July 21, 2010 at 1:42 PM
karen said...: More good news!

Wednesday, July 21st, 2010, 12:34 pm
Source: Bloomberg
Fannie Mae and Freddie Mac's regulator may identify as much as $30bn of debt included in mortgage bonds that the companies can force sellers to repurchase, according to Joshua Rosner, an analyst who in 2007 predicted the collapse in the market for the securities.

The Federal Housing Finance Agency this month said it issued 64 subpoenas seeking loan files and other documents related to so-called non-agency mortgage securities bought by the two government-supported companies. The US is trying to determine whether misrepresentations might require issuers to repurchase debt, producing funds from firms that may include Wall Street's largest banks to help repay taxpayer money.; July 21, 2010 at 1:44 PM
arbitrage789 said...: "Fannie Mae and Freddie Mac's regulator may identify as much as $30bn of debt..."

How much are we going to end up pumping into these guys?

$500B.... $800B...?; July 21, 2010 at 1:49 PM
McFearless said...: a trillion, minimum...; July 21, 2010 at 1:49 PM
Bruce in Tennessee said...: http://www.latimes.com/business/la-fi-econ-stagnant-20100721,0,6558166.story?track=rss&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+latimes%2Fbusiness+%28L.A.+Times+-+Business%29

Weakening recovery brings deja vu

"The slowdown prompted Kane last month to cut by half his budget for capital spending this year. He also put off hiring more product-development workers. As for his existing staff of 165, Kane had intended to give them raises later this year after a two-year wage freeze.

"But now we're having second thoughts," said Kane, whose business is in its 31st year. "I just don't have the confidence to spend the cash."

...You and thousands of other bubbas....; July 21, 2010 at 1:52 PM
Obama said...: I'z be stick'n wit da campane slowgun next time round'...

HOPE you can spare some CHANGE; July 21, 2010 at 1:58 PM
bob said...: I had to put that album on. Crazy weather here today, and just reached divided sky.; July 21, 2010 at 2:01 PM
Bruce in Tennessee said...: Well, the mine is open, and after I get through, a date at the track. Good trading. And tell that Italian to provide a translation next time...; July 21, 2010 at 2:02 PM
I-Man said...: @ Bob

Wake me at Bowie.; July 21, 2010 at 2:02 PM
McFearless said...: I haven't sat down to verify this but it looks to be so from the chart, EWI claimed in 2006:

"A major fifth wave has never failed to make a new high in real terms as well as nominal terms. Many corrective-wave rallies also make new highs in real terms, but a failure to do so happens ONLY in corrective-wave rallies?

uh....2009-2010 rally anyone?; July 21, 2010 at 2:03 PM
karen said...: WTF IS THIS ANNOUNCEMENT ABOUT?!

Federal Reserve stands ready to take further action if needed: Bernanke
07/21/2010 02:02:03 PM; July 21, 2010 at 2:04 PM
AmenRa said...: BB must have just begun speaking...; July 21, 2010 at 2:04 PM
I-Man said...: Heathen.; July 21, 2010 at 2:07 PM
bob said...: Just getting to the only guitar solo I ever learned how to play.; July 21, 2010 at 2:07 PM
McFearless said...: I'm out of here for a few hours, not in the mood to hear all about how BB is moving markets for the rest of the day.

peace out crew, back later tonight.; July 21, 2010 at 2:08 PM
bob said...: David Bowie.; July 21, 2010 at 2:13 PM
karen said...: Ben, leaving on a potential 3% down day?!; July 21, 2010 at 2:14 PM
bob said...: Chainsaws and typewriters aren't used enough as musical instruments.; July 21, 2010 at 2:19 PM
karen said...: mrtopstep
Statue of Liberty evacuated due to smoke, WCBS reports

geez.. gold down too.. 114 in sight for gld??; July 21, 2010 at 2:19 PM
I-Man said...: Stopped pretty much right on top of the 50% retrace off the high...

Be on guard.; July 21, 2010 at 2:20 PM
Anonymous said...: @ben, this one is for you. http://kennorquay.blogspot.com/

Talks about a eminent market timer award winner and an ASTROLIGIST, Arch Crawford(AC). AC correctly predicted 1987 crash and has received the prestigious stock market timer of the year.

This AC guy is saying sell your stocks(there is historic tragic event coming up at end of July/beginning of Aug. 2010.

I thought you'd like that. I am not into astrology.

Anony

It's the second post(July 7th) post on the blog.; July 21, 2010 at 2:21 PM
karen said...: i told you i loved this fellow: zerohedge

Ben Bernanke: "Large Caps present a once in a lifetime opportunity for the Fed to buy them up"; July 21, 2010 at 2:21 PM
McFearless said...: lol, so much for going higher....had to come back and state this, in this case, I'm more than happy to be so dead wrong.; July 21, 2010 at 2:24 PM
McFearless said...: Anon,

thanks for the Crawford stuff, I read on Daneric's site from some people that are following him that he's saying the Cardinal T cross is the worst thing he's seen in years, and I think a big date for him is 7/26.

Stay tuned.

I'm not way into the astro stuff but it's interesting, and there's that whole JP Morgan quote to remember.; July 21, 2010 at 2:25 PM
Bruce in Tennessee said...: Prediction is difficult, especially about the future.

Y. Berra; July 21, 2010 at 2:26 PM
McFearless said...: "Ben, leaving on a potential 3% down day?!"

you should probably never let me hear the end of this.; July 21, 2010 at 2:26 PM
Bruce in Tennessee said...: http://finance.yahoo.com/video/managingandleadership-19142760/expert-we-re-going-to-be-taxed-into-poverty-20988320

Expert: We're Going to Be Taxed Into Poverty

...this is another repostulating of Laffer's prediction, but it is worth viewing...

..and I happen to think he's right, but that is what makes horse races...here at the salt mine, we are trying to maximize this year's income, and expect less next year...so in our small sample, we are 100% in agreement.; July 21, 2010 at 2:31 PM
McFearless said...: dow better hold 10,050; July 21, 2010 at 2:33 PM
McFearless said...: Bruce,

Taxed into poverty?

We've already been borrowed into it though....

always looking for the cause, I'm asking why we need to be taxed more at all, Karen provided the answer about a week ago.; July 21, 2010 at 2:35 PM
Mannwich said...: Bye bye birdy.; July 21, 2010 at 2:36 PM
Mannwich said...: More like spent into poverty.; July 21, 2010 at 2:37 PM
karen said...: Bruce, the commercial leading that Laffer video was nauseating! but i think it was an important watch..

You know my husband and I are debating taking his entire IRA distribution right now... paying the 10% penalty and the 33% hit.. then splitting it.. we see higher taxes in the future. I suggested he take that IRA in its entirety and put it on his side of the asset sheet cuz he's 56.. whereas I am 51.. I do not want to wait 8 years to get my hands on that $$.; July 21, 2010 at 2:38 PM
karen said...: TNX low 28.94; July 21, 2010 at 2:40 PM
AmenRa said...: Ben

7/26 is on or about the time the 55/233 cross happens on the $COMP...; July 21, 2010 at 2:41 PM
McFearless said...: would prefer to see some more volume build-up.; July 21, 2010 at 2:41 PM
Bruce in Tennessee said...: Karen,

I have been thinking sort of similar things...and I have never had so many mental questions about running my business or planning my future, economically.

...Obama has sure made it interesting!; July 21, 2010 at 2:41 PM
McFearless said...: Karen,

2:38

consider Roth Conversion and/or explore SEPP distributions on the regular IRA, this is not advice, just throwing it out there ya know....

there are some ways to get money out of IRA's before 59 1/2 without penalty, just need to know the rules:

http://www.investopedia.com/articles/retirement/02/112602.asp#12797378449841&655x535

not advice!!!; July 21, 2010 at 2:44 PM
Chinese Proverb said...: May you live in interesting times - In all the 57 states.; July 21, 2010 at 2:49 PM
karen said...: Ben, the Sepp route was what I originally encouraged my husband to do but based on his research, getting the IRS on board is not an easy task.. too many anecdotal stories of prolonged IRS battles.. thanks tho..

there's an old expression, more money sooner is better, that keeps ringing in my ears since the future is so unknowable.; July 21, 2010 at 2:52 PM
Bruce in Tennessee said...: Karen,

I agree with Ben, if you can afford the taxes, and you are 51, this would be a very good thing to convert this to a Roth....

Since I'm not a financial counselor, this isn't advice either, but it would make sense to me.; July 21, 2010 at 2:53 PM
McFearless said...: karen,

cool, I have a few clients that do it (SEPP), never had any issues, but it's some work, ideally you wait until 59 1/2, certainly just paying the tax and doing the distribution is the easiest route, but just figured I'd throw another idea out there.

but hey, if you get that cash, you can do real shorts instead of messing with ETF's in the IRA! And, this way you don't have to worry about your RMD's at 70 1/2, another pain in the ass.

Silver Lining, Erin B taught me how.; July 21, 2010 at 2:55 PM
Mannwich said...: Look out below.; July 21, 2010 at 2:58 PM
Erin B Cups said...: @McF (2:55)

They pay me at CNBC to be a cheerleader. Don't you know?

http://www.hotelaphrodite.info/wp-content/uploads/2009/12/erin_burnett-7580.jpg; July 21, 2010 at 2:58 PM
karen said...: and ben, then there is the fact that even if my husband kept the IRA.. he would have to pay tax at an unknown % on his distributions as regular income so that is not really fair either.. at least if we cash out and pay now we will be married filing jointly in 2011.; July 21, 2010 at 2:59 PM
10yy said...: @Anon (10:39)

Bite Me; July 21, 2010 at 3:00 PM
karen said...: we are half way to a 3% down day!; July 21, 2010 at 3:00 PM
Eur-USD said...: @Anon (10:39)

Bite Me; July 21, 2010 at 3:00 PM
Expanding Wedge from 7/16 3:30PM said...: @Anon (10:39)

Bite Me; July 21, 2010 at 3:03 PM
McFearless said...: Karen,

yep, a good point, the uncertainty about taxes has been top of mind for me the last two years when trying to figure out what accounts I'll have clients draw income from if they are retired, it's pretty wild to be an advisor right now, normal big concern was a retiree that got hit with huge medical costs, what the heck am I supposed to tell them now about the potential future medical costs, not to mention taxes, etc.; July 21, 2010 at 3:03 PM
karen said...: why would anyone want a roth? honestly, i consider all this cr*p other than the 401k which had employer contributions, government confiscation of my money! further.. i do not trade that IRA.. have only reallocated a few times in many many years...; July 21, 2010 at 3:04 PM
McFearless said...: oh man I would love to see that 10,050 sliced up....see, today you don't need to be short to be happy, just look at the bonds.

is this an impulse down though....I know I know, I already missed the move, but still would have been some sort of truncation then at the top of this count; July 21, 2010 at 3:05 PM
McFearless said...: the thing I get scared about with the roth is if the govt gets desperate enough does it lose the tax free status?

I'd like to think no way, but that probably wouldn't be a very prudent conclusion to just brush it off like that.; July 21, 2010 at 3:06 PM
Andy T said...: McFear: It would be nice if that diametric on the DXY played out that way...would be cool to get another dip on that one....; July 21, 2010 at 3:07 PM
AmenRa said...: TNX below 29.00
Weekly 3LB mid being tested.
Trendlines still holding.
50 minutes left...; July 21, 2010 at 3:09 PM
Obama said...: I just want to assure everyone...

There will be no tax increases before the midterm election.; July 21, 2010 at 3:09 PM
Nic said...: Bernocchio sure knows how to clear a room; July 21, 2010 at 3:10 PM
McFearless said...: AT,

wondered if you saw that comment, you had one on the way up too right? I like the idea, I can see that bow-tie formation here and there now that I've seen you illustrate it.

but hell yes, I hope you're right because I didn't buy back UUP, I had a client in last night that we did a buy on 11/2/09 for and sold it all on 5/26/10, told him last night that he should hear from me soon about buying back....wonder if he'll call me tonight...ha!; July 21, 2010 at 3:11 PM
Nic said...: US 10 yr yield is approaching the 2.88% SR level. Dow and 10,000K
Big levels ...; July 21, 2010 at 3:12 PM
karen said...: apparently 2010 is the year to convert to a roth because the 100k adj gross income level will be waived.. perhaps that's why i never paid much attention to it because we didn't qualify..

am seriously looking into it now.. so as bruce said it could be a trading account for me..; July 21, 2010 at 3:13 PM
Fat Snail Rider said...: I love reading moronic comments on the internet:

"I think too many people are trying to match us up to The Depression, I agree with [xx] on this one though, we're not America 1931, we're Japan early 90's."

Hello! The Nikkei was at 40,000 at the time of the crisis, eventually hit 7, in 2008, and has not yet completed its macro picture of lower lows and lower highs.; July 21, 2010 at 3:15 PM
McFearless said...: karen,

you can spread the tax payment out this year as well, if you are the right person for Roth Conversion and you have high income this is the year to do it if there was ever a year to do it

it's been a great strategy for some of our lower taxable income retired clients, really good.; July 21, 2010 at 3:17 PM
Nic said...: I think we have another wave down in DXY but have to get EU stress tests out of the way. Post-stress test rally for EUR maybe, just like the US did.; July 21, 2010 at 3:18 PM
Speaker Pelosi said...: I plan to introduce a bill making Roth IRA's illegal.; July 21, 2010 at 3:20 PM
Internet Thesaurus said...: That's like saying "I'm not a Fat Snail Rider, I'm a Tub o Lard Helix Aspersa Jockey"; July 21, 2010 at 3:21 PM
Bruce in Tennessee said...: Ten year is 2.89! Maybe Mish is right.......; July 21, 2010 at 3:22 PM
arbitrage789 said...: Gary Shilling is the T-bond bull.

Probably thinks the 10-year note is going to 1%.; July 21, 2010 at 3:24 PM
Anonymous said...: 18 are you out there?

1044,1062,1080,1098 have all provided significant resistance/support.; July 21, 2010 at 3:28 PM
(1044) said...: @Anon

I'll see you tomorrow.; July 21, 2010 at 3:30 PM
Anonymous said...: 44...62...80

HIKE!; July 21, 2010 at 3:32 PM
McFearless said...: fat snail, I said the same thing on Monday

we are going to go the route of Japan...well great then, bears unite, you've got a ton of profit on the downside....the problem of course is I think a lot of the people saying that about Japan think we are just like them...minus the market decline of course.; July 21, 2010 at 3:36 PM
Blue 57 said...: @Anon

You're doing it wrong. (44 - 62 - 80)

http://www.youtube.com/watch?v=dMo0WlSvrIY; July 21, 2010 at 3:36 PM
Helix Aspersa said...: @McF

The point is, the comment was made with reference to the equity market decline.

So what's the point in arguing 1931 vs. Nikkei?; July 21, 2010 at 3:39 PM
Helix Aspersa said...: If the point is to prove you're a moron, then I'll go along with it.; July 21, 2010 at 3:40 PM
karen said...: If you don't report loan losses, of course they will fall!

Wells Fargo Profit Rises as Loan Losses Fall

http://online.wsj.com/article/SB10001424052748704684604575380880883663328.html?mod=rss_whats_news_us_business#articleTabs%3Darticle; July 21, 2010 at 3:41 PM

«Oldest ‹Older 1 – 200 of 223 Newer› Newest»

Disclosure/Warning

This blog should not be interpreted as investment advice of any kind. The authors are NOT representing themselves CTAs or CFAs or Investment/Trading Advisor of any kind. The authors may or may not trade in the markets discussed. The authors may hold positions opposite of what may by inferred by this blog.The information contained in this blog is taken from sources the authors believes to be reliable, but it is not guaranteed by the authors as to the accuracy or completeness thereof and is presented here for information purposes only. Commodity trading involves risk and is not for everyone.

TRADERS ANONYMOUS

Oggi Sciopero

223 comments:

Post a Comment

Disclosure/Warning

Fictional Character Quote of the Day:

About this Blog

Blog Archive

Search This Blog

AT's Wave Symbology