Speaking of zombies...
The Nikkei is getting POLEAXED...
The Nikkei is getting POLEAXED...
Just what is a POLEAXE? I'm "axekin' y'all... Here, I found one...
This is how it looks like in FUTURES...
There are other useful things for POLEAXES (and "poles" for that matter - and sometimes they even go hand in hand)... To wit:
So that's your lesson for the day...
"Learn it... Know it... Live it..."
@Amen (from other thread)
ReplyDeleteI think there's been a gas leak at the WH for about the past 100 years...
They're just discovering it now?
Pork bellies are up because swine flu was officially declared over this week
ReplyDeleteWhat can be the Stupid News thing that the Central Bankers or Govt can come up in the next week which could stop this slide. I mean, I had never heard of the shit called TARP before I heard it. I am really thinking hard.
ReplyDelete@Anon (9:18)
ReplyDeleteI know... I know...
Obama could tell everyone how he plans to DOUBLE exports within the next 5 years! and cut the deficit in half!
http://www.zerohedge.com/article/trade-deficit-surges-highest-october-2008-trounces-expectations-q2-gdp-be-revised-sub-1
@Anon
ReplyDeleteAnd if the message isn't getting through... Jeffery Immelt can "take the whip" to his crew at CNBC & MSNBC
http://www.zerohedge.com/article/gasparino-confirms-jeff-immelt-scolded-cnbc-staff-being-anti-obama
good morning! buying the dip, CV? has anyone seen the kraken?
ReplyDeleteForgot to write that it was me Prashant at 9.18. I still feel something could still go haywire on the upside in the next few days. Or maybe it is just that often screwed bear in me. Thousand times bitten, once shy, I guess.
ReplyDeletePrashant
so much going on!
ReplyDeletezerohedge
New post: Richard Russell Slams Robert Prechter, Praises Gold, Tells Readers To Get Out Of Stocks http://tinyurl.com/36rx7gv
here we are.. : )
ReplyDeleteOoh Karen's top just got removed.
ReplyDeletebut we are not dropping thru fast enuf... CV, must be buying bigtime.
ReplyDeletetwo comments about russell since ZH is presenting what he's been saying in light of their gold obsession:
ReplyDelete1. RR has said for months he's 50/50 cash/gold, so prechter says to have all cash, this isn't really a crazy difference in advice not to mention, anyone that has read CTC knows that in 2000 while Prechter said he was worried about gold (they did advise buying in some theorist letters around that time as well), he said to buy it then anyway and then told you the safest places to get it and how to properly store it, because it was the only real money there is. Prechter is not anti gold, that's just wrong.
2. RR's claims about the US dollar in deflation are both consensual as well as a direct contradiction to what has happened historically during deflation.
that's all.
iow, my #2 point, is to say, it's double different this time.
ReplyDeletepossible of course, but I highly doubt that.
18's 1098 has been hit also.
ReplyDelete@karen
ReplyDeleteI actually am going to get NET NEUTRAL here at 1098 and see what happens...
yesterday... By some kind of miracle, I ended up the day "perched" short...
I'm covering that up now...
If this really wants to hold... I'll go long...
ReplyDeleteIf it stays dicey...
There's still the 1072 gap on the table...
Not sure what to do here...
still short myself and perched on the edge of my chair.. : )
ReplyDeleteWhat could be VERY delightful would be if the market makes some kind of wide band sideways ABC-ABC pattern (and attempts to buy more time)...
ReplyDelete1072-1050???
I could handle that in a big way...
uup is at 23.80!
ReplyDeleteWOW. KARENS TOP revealed in all its beauty....
ReplyDeleteLB is in SHOCK AND AWE.
Just watching. I mean, who can blame LB?
I think I saw the minis touch 1095...
ReplyDeleteI-Man could probably confirm...
I wasn't sure why that number (it wasn't on my radar screen as much as 1098...
Ben, Andy, & LB... KUDOS on Bucky!
looks to be a particularly gruesome morning- guess that what happens when you break out the poleaxe
ReplyDeleteben.. zh/td tends to put a certain slant on things..
ReplyDeleteAre we all seeing what we would like to see this morning?
ReplyDelete@LB
ReplyDeleteQuestion is... With the 10y here... Whow are the BD's going to sell to?
"Are we having fun yet"
"What's that"?
"FUN"
Nikkei will continue to be poleaxed until BoJ intervention.
ReplyDeleteLB will continue to take profits on his long bond position.
The guys who put on the yield curve 4-5% flattener are being carted out on stretchers. MS was a big participant in that stroke of genius.
One way to look at this weeks' auction is this; on PANIC DAY, every JOE is going to want the Ts. So the B/D take-down will be minimal, enabling them to short the product as they sell it, and then buy it back at higher rates. When B/D participation is high, they obviously can't do this....
ReplyDeleteI still say my 5.5% 10y is a good call.
ReplyDeleteFor 2020....
@LB
ReplyDelete2 year under .05 (10y 5.5%)... Now that's what I'd call a steepener...
LB your fixed income calls lately have been Infinite Quality.
ReplyDeletehttp://www.youtube.com/watch?v=Hsuj9AIMUJY&feature=related
LB likes JNK here, for a trade. Will add to JNK and LQD today. Here's why:
ReplyDeleteThe credit market is solid for now. The bond investor is going to seek yield, with the FED supporting the Ts, then they will move out on the risk curve and can do so without any significant interest rate risk. Of course the Fed's objective is to support MBS market again, as well as corporates.
I-Man,
ReplyDeleteI did short the 10y going into Fed day, which wasn't good. But that was a hedge, obviously, in case the easing was priced in or didn't occur.
Calibrated risk, bro.
So here we are...
ReplyDeletePERCHed halfway in between two HUGE chart gaps...
Down near 1070
Up near 1020
karen - cue the Stealers Wheel...
Hey we dont get em all right...
ReplyDeleteJust trying to bat over .500...
Harder than it sounds.
Credit will lead. Once the covering is over in the 2y, then we might see a bit of risk-taking emerge, in the bond market and FX before equities.
ReplyDeleteI was just charting JNK.. i want 38.25-50, at least.
ReplyDeletejust sold some bzq i think.. keeping what i bot under 20 for now.
ReplyDeletehalf my faz just went too.
Steepener helps the banks. The banks are floating above the Spooz.
ReplyDeleteThat's a clue as to what will bounce...
mrtopstep
ReplyDelete#futures $ES_F volumes abv recnt avg - sell prgms erly flvr - think weak shrts will b sqzed abv 1098 area
mrtopstep
ReplyDelete#futures $ES_F 09:00:28 we think the 1093.80 low is good for low for now 10 handle rule in effect 09:00:50 everyone short
nah.. i wanna see 1088-1090 for a bounce.
ReplyDeleteof course, third time might not be a charm..
ReplyDelete@karen
ReplyDeleteNo question that 1088-1090 may be nabbed...
I took some profits at 1098... Simply Bcuz I'm SICK of not booking profits this past month (and watching them vanish)...
CV playing small ball here...
Yeah, one of these days and it wont be long...
ReplyDeleteThe dib buyer will be trapped, long.
b22 @ 9:35-
ReplyDeletethe problem w/ ZH- although I like much of the content are the comments-
talk about on the fringe
@I-Man
ReplyDeleteIt won't be long...
http://www.youtube.com/watch?v=dcbL6OBT6Zc
I-Man is going to wait for a short entry...
ReplyDeleteToday is a message I think.
Yields hit bottom at 49 bps on 2y and have backed up slightly.
ReplyDeleteSmall bounce trades initiated, with stops just below the 1090 area.
ZHer: GOLD not going up FAST ENOUGH. MANIPULATION !!!
Wonder what the NAZZ trader msg boards would have been like in 99..?
@ahab
ReplyDeleteI think the comments at ZH are hysterical...
I go there for my daily dose of comedy...
I-Man was channeling more of this one, CV:
ReplyDeletehttp://www.youtube.com/watch?v=Hmcdoqtonuc
i love fringe !! long fringe : )
ReplyDeletejust exchanged an email with 72bat.. he is very very ill!
ReplyDeleteI feel naked without my avatar.... or half-naked, anyway.
ReplyDelete@I-man @LB
ReplyDeleteFrankly... I don't think it make a whole lotta difference whether one initiates SHORT or LONG here...
We're going to end up COVERING both the chart gap at 1072 AND the chart gap from this morning...
there are 20 points of S&P meat either way...
So anyone who starts with half a position here, and gets it wrong could probably catch the other side on the eventual snapback...
JM2c
Fringe?
ReplyDeleteGet well 72...
ReplyDeletePeeps...
ReplyDeleteI don't know what the deal is on the avatars...
I checked the blog settings... I just don't know...
Get well, Bat...
ReplyDeleteSick in summer blows.
Good vibes from the I.
when I was seeing comments lambasting Jews for not joining the US military (ask me if I give a shit)- what of the Quakers- I bet their not represented well either- but really- where do you get statistics like that anyway-
ReplyDeletethe KKK journal
Glad I sold my 2000 shares of QLD on Monday.
ReplyDeleteBlogger must have something about Rasta donkeys... broke the system.
ReplyDeleteMore retirement insanity:
ReplyDeletehttp://finance.yahoo.com/focus-retirement/article/110295/how-rich-is-rich?mod=fidelity-buildingwealth&cat=fidelity_2010_building_wealth
With $34K saved up, JOHN Q BOOMER is well on his way to WEALTH ! This is the real deflation driver. To pay for JOHN and JANE BOOMER's MEALS on WHEELS so they don't eat dog food, we are all going to pay more tax. JOHN and JANE will not be spending much. Trust me.
. . .and b22- re RP- the way I see it- the dude is definitely not anti-gold- he is just pro USD
ReplyDeleteDL:
ReplyDeleteBrilliant.
Nice timing. LB twitched, it was a great day to sell. Low volume, grind up, FED ahead. Classic. Now we are still ITM (from 1040 area) but if we get a break below 1100 today, we are out.
i need a new avatar anyway.. this buys me more time. i attempted to foto my glossy fushia painted toes, but it was hardly impressive. one of those you-woulda-had-to-be-there moments.
ReplyDeleteLB.. we've been below 1100 all morning.
ReplyDeletemrtopstep
ReplyDelete#futures #bonds $ES_F antr by opp in spoos on retest of lows-if 30yr trds 130.18 & lwer sud test 130.13 w/obj 130.07 w/spoos firming
wondering where Nic is.. she was her last night.
mrtopstep
ReplyDeleteESTIMATES CRUDE: -1.8 MB -2.5 MB MOGAS: -300 KB +1.7 MBDIST: +1.3 MB +750 KB
wowza, on travel, pulled over to check the markets and... what a drop! 1098!
ReplyDeleteAlthough I thought SPX would see 1098 this week, didn't think it would be hit in 10 minutes!
fib numbers above and below 18's 1098 are near 1105 and 1091.
Yesterdays 18's fib 1127 may have been the high in SPX for a few weeks IMO.
Really thought a few weeks ago this "18" trading strategy might not work out well, but seems to be working BTE. (I just jinxed myself!)
Good luck trading, NOW can not even guess if we close higher or lower than 1098 today.
HYG and JNK already up. Spreads are tighter.
ReplyDeleteBe ready to cover.
K.,
ReplyDeleteLB means a close below 1100.
NICE TOP! By the way...
K @ 10:25
ReplyDeleteAdmittedly, it is a little seasonal. (At least for those of us who don't live in S. Cal).
Hey, I'm 18... so I'm old enuff to see Karens top?
ReplyDeletehehe
18
Hello Karen
ReplyDeleteIm practising my shorter term crude trading skills
LB.. you don't know everything! new low on spx right now. and the kraken is still missing.. i think CV left the dungeon unlocked on purpose.
ReplyDeleteWe could still rally back to 1125 or so over the next week or two. But I would think that pre-election jitters are going to set in by early September.
ReplyDeleteThe US is secretly bankrupt:
ReplyDeletehttp://noir.bloomberg.com/apps/news?pid=newsarchive&sid=aiFjnanrDWVk
I have crude trading skills as well.
ReplyDeleteNic! fun stuff! especially if it ever disconnects from the stock market..
ReplyDeleteSECRETLY bankrupt?
ReplyDeleteI don't know... if we eliminate entitlements and defense spending, we'll be O.K.
Karen I think you and I are the only ones looking for lower lows today...
ReplyDeleteSymmetry.
:)
The US is secretly bankrupt
ReplyDeletenot a well kept secret
geeze.. bzq certainly has become a thinly traded etf..
ReplyDeleteSecretly?
ReplyDeleteand remember yesterday i said i wouldn't be happy unless we took out the low of last week.. and we did it! now the bulls have some technical damage to deal with on their jaunt to 1250..
ReplyDeleteLadies & Gentlemen
ReplyDeleteOur lovely karen provides the ENTIRE daily liquidity for BZQ...
Glad to see you're a market maker karen...
oh, and have you heard? Ireland is the new Greece.
ReplyDeleteKaren,
ReplyDeleteI don't know everything, and I forgot about the overnight Kraken...
But I do know it's spelled fuchsia.
But pronounced "FEWSHA"...
Anyone noticed that KRAKEN is an anagram of KAREN K ?
mrtopstep
ReplyDeletebonds popin bak up w/out testin 13013 adds prssr to spoos but not ovr yet = slippery USE STOPSmor dwnside comes stps 9300 area 1087 area obj
@Amen
ReplyDeleteYou'd better be coming up with something "spiffy" for CREDITCANE...
And don't forget "Whistling Straits"
typo LB! i'm hardly perfect.. but Kathryn was my middle name.
ReplyDelete@LB
ReplyDeleteDid you know that BL was an anagram of LB? :-)
creditcane!!!! definitely should be trademarked
ReplyDeleteregarding BK of the good ole' USA-
I like the idea of retrenchment of our military- however-
can we look at the military as just a huge jobs program for young men-
what of the future when they are all unemployed stateside?
something to ponder?
Or how about...
ReplyDelete"back felt"
That's how you were able to call the feftback bottom...
ReplyDeleteYou "felt" it...
thanks for the well wishes. just lurkin' while hurtin'.
ReplyDeletere u.s. bankruptcy, noted the author, Kotlikoff, also wrote "Jimmy Stewart is Dead: Ending the World's Ongoing Financial Plague with Limited Purpose Banking"
sounds like a plan. if only.
alaidi - those rumours abt ECB "dabbling" in those Irish bonds came mins after BoI said deposit margins remain under pressure #euro #forex $$
ReplyDeleteSlovak Parliament Rejects 816 Mln Bilateral Loan To Greece
ReplyDeleteTBT anyone?
ReplyDelete$tnx at new 52 week low.. we knew that would happen..
ReplyDeletemrtopstep - #futures ES_F 09:52:5 congestion lower 1090's to 1087 area note: two wk low 1084.70
ReplyDeleteEUR-USD... Doh!
ReplyDeletebtw...
ReplyDeleteVERY much appreciated the TOPSTEP tweets :-)
JNK and HYG still above their lows for the day. TBT probably worth a small wager on a) spreads tightening or b) all rates rising from here.
ReplyDeleteTreasury complex is really quite exuberant here.
Feel like a piker saying this down 2%, but I could see 100 handles off YM in a heartbeat...
ReplyDeleteThat 10285 could come into play with just a little push...
Remember the Gann water quote... once the pump is turned off, it takes no energy...
Gravity rides everything.
EUR-JPY 109.9450 -2.6355 -2.34%
ReplyDeleteThis is broken. Ra pointed out the break of 113 as important.
The 113 level now serves as resistance to a bounce.
The Market has never crashed in August.
Of course there is a first time for everything....
LB says BoJ intervention, tonight.
Nikkei ended down 3.63% and we're only at 2.7% right now...
ReplyDeletewe talked about this, too: zerohedge - New post: NYSE Short Interest Lowest Since January As Selloff Buffer Disappears http://tinyurl.com/2ef46qn
ReplyDelete@LB
ReplyDeleteKeep in mind that next week is OPEX...
I'm thinking that there are a bunch of STRANGLEs up near the 1120 area...
http://www.youtube.com/watch?v=4pxoGnFIsjA
So today (maybe even tomorrow & early Friday, bears can have some fun)...
But wait for it to get pull back into line...
If it's slow getting there, there's ALWAYS the "surprise announcement" by the Fed on 3:55PM next Thursday)...
from nic's link-
ReplyDeleteThe fiscal gap is the government’s credit-card bill and each year’s 14 percent of GDP is the interest on that bill. If it doesn’t pay this year’s interest, it will be added to the balance.
Demand-siders say forgoing this year’s 14 percent fiscal tightening, and spending even more, will pay for itself, in present value, by expanding the economy and tax revenue.
My reaction? Get real, or go hang out with equally deluded supply-siders. Our country is broke and can no longer afford no- pain, all-gain “solutions.”
no doubt- American's have proven however they won't forgive a President who delivers the real news-
http://www.youtube.com/watch?v=tXvGKJF2XQU&feature=related
A little gem, for you all, from Mr Practical:
ReplyDeleteMoney vs Wealth
CV:
ReplyDeleteRUT is -3.22% so we aren't far away from Nikkei -3.63%.
Congrats to Ra, who I think pointed out RUT as a good short.
HYG made a new low. JNK, TBT still off its low.
ReplyDeleteVery few ladies have ever complained about the Leftback Bottom.
ReplyDeleteIt was perfectly timed... when the market goes UP on bad news ....
That was delayed...
ReplyDeleteLB doesn't make gratuitous references to his bottom.
I-Man.. a tweet for you: neiltyson
ReplyDeleteA bullet fired level from a gun will hit ground at same time as a bullet dropped from the same height. Do the Physics.
So when does the carry trade unwind begin in earnest?
ReplyDeleteHUD To Offer Interest-Free Loans To Distressed Homeowners-
ReplyDeletepretty soon they will be paying them to stay in their homes
New SPX lows but no new TICK lows...
ReplyDeleteBoJ intervention or full-blown carry trade unwind?
ReplyDeleteI'll take the BoJ this time around, fancy a flutter on the Nikkei.
BUCKY just about stopped here above DXY 82.20
This was a dress rehearsal for September.
LB could be wrong, and if so, will be eviscerated by KAREN....
;-)
@72
ReplyDeletefeel better man.
@all,
I'd be posting but sort of busy today, and I have this perch sandwich for lunch and all.
king dollar! played with some call options on UUP, I removed one of them today....thanks dollar.
also, I'm taking credit for the small cap short call as well, as I've been rapping about it for two weeks.
this fall is going to be a traders dream come true I think.
last, I'm not sure if it was the top but a few weeks back I posted based on some fib work I was doing a top around 8/9-8/11 +/- 2 days.
I'll show my chart if it plays this way, if not, just pretend I never mentioned it.
@Amen
ReplyDeleteIt seems they like to pussyfoot all these FIB extension landings...
Butterflies with sore feet...
"The future is no more uncertain than the present."
ReplyDelete-Walt Whitman
"The future is no more than the rising sun."
-Midnite
@McF
ReplyDelete"I have this perch sandwich for lunch and all."
"MMMMM - Perch"
Way too many people had EURUSD target at 1.35
ReplyDeleteI think the I-Man nailed that one.
These 2 and 3% pull-backs are traditionally the stuff of "bull markets", so if we bounce off this low and close above 1100, it will be bought.
The 5-6% drops are bear market moves, and are followed by 3-4% (=61.8% fib of 5-6%) squeeze days. That's ugly action and if we see that we are so in cash.
Other famous PERCH in history...
ReplyDelete"To sleep, perchance to dream. Ay, there's the rub,
For in that sleep of death what dreams may come"
Hamlet (III, i, 65-68)
That sneaky Mr Fibonacci and his 61.8's...
ReplyDeleteiPhone Users Have Twice as Much Sex as Android Users
ReplyDeletehttp://www.minyanville.com/dailyfeed/iphone-users-have-twice-as/
EURJPY off its lows, European trading day coming to an end.
ReplyDeleteTwice as much SEX?
ReplyDeleteor SEX(T)
That's not frequency, Karen, it's promiscuity...
ReplyDeleteTLT is well below its July 21 high.
ReplyDeleteRe: SEX
ReplyDeleteA Kentucky State Trooper was patrolling late at night off the main highway.
He sees a couple in a car, with the interior light brightly glowing. He carefully
approaches the car to get a closer look. Then he sees a young man behind
the wheel, reading a computer magazine. He immediately notices a young
woman in the rear seat, filing her fingernails.
Puzzled by this surprising situation, the trooper walks to the car and gently raps
on the driver's window. The young man lowers his window. 'Uh, yes, Officer?'
The trooper asks: 'What are you doing?' The young man says: 'Well, Officer, I'm
reading a magazine.'
Pointing towards the young woman in the back seat the trooper says:
'And her, what is she doing?'
The young man shrugs: 'Sir, I believe she's filing her fingernails.'
Now, the trooper is totally confused. A young couple, alone, in a
car, at night in a lover's lane ... And nothing obscene is happening!
The trooper asks: 'What's your age, young man?'
The young man says: 'I'm 22, sir.'
The trooper asks: 'And her .... what's her age?'
The young man looks at his watch and replies:
'She'll be 18 in 11 minutes.. '
LB is off until the auction. Stops in place....
ReplyDeleteEnjoy.
http://www.minyanville.com/businessmarkets/articles/trading-ideas-price-action-stock-market/8/11/2010/id/29560?page=1
ReplyDeleteJeff Cooper is Top Rankin.
Lefty,
ReplyDeleteyou trying to bait me or something? re: EUR:USD?
I just said three days ago the 1.35 target wasn't going to work, it was the same target everyone had. I'd dig up the comment but on top of the avatar's being gone the blog search function doesn't seem to work either.
REally though, I'm just crying that you aren't telling me how awesome I am, ahahahaha.
My market calls have mostly been pretty crappy the last six months, but the dollar, I've had a bead on that p.o.s since last fall. It's been very profitable for me and for clients.
mrtopstep
ReplyDelete#futures $ES_F lunch time 60 locals in pit GS and ML (actually Bruce Kovner?) sold about 500 each lookin for 1094 area retst now key/bonds
Yeah that was Ben on RUT. Not I.
ReplyDeleteThe uncertainty meme is really silly isn't it? We talked about this a few weeks ago.
ReplyDeleteOne claim that holds no water at all is that businesses aren't hiring because of "uncertainty" but if that were actually the case we should have been seeing hours worked increase, iow, there's work to be done but they are afraid to hire more so they make the current employees work more.
Washington (AP) -- The Obama administration is providing $3 billion to unemployed homeowners facing foreclosure in the nation's toughest job markets.
ReplyDeleteThe Treasury Department says it will send $2 billion to 17 states that have unemployment rates higher than the national average for a year. They will use the money for programs to aid unemployed homeowners. Some of those states have already designed such programs.
Another $1 billion will go to a new program being run by the Department of Housing and Urban Development. It will provide homeowners with emergency zero-interest rate loans of up to $50,000 for up to two years.
The administration was required to launch the programs by the financial regulatory bill signed by President Barack Obama last month.
aapl alert! $250 again!
ReplyDeletegotta roll- leaving you all w/ a cover of Lady Gaga-
ReplyDeletePoker Face
all have a good day
$3 billion.
ReplyDeletehmmm.....Is that big?
NO!
These guys don't even bring a knife to a gun fight, they bring sticks...no.... twigs.
Wednesday, August 11th, 2010, 11:13 am
ReplyDeleteThe Federal Open Market Committee (FOMC) said this week it plans to reinvest proceeds of maturing mortgage-backed securities (MBS) held by the US central bank into long-term Treasurys.
Analysts are warning that the paydowns will in the long run boost supply of MBS, while demand may lag behind in the absence of the Federal Reserve's purchases — which ended in March.
Capital Economics senior US economist Paul Ashworth calls the Fed's plan to reinvest paydowns into Treasurys a "largely symbolic gesture, designed to reassure the markets rather than boost the economy."
http://www.housingwire.com/2010/08/11/analysts-warn-mbs-supply-may-outstrip-demand-with-fed-paydowns
Nic
ReplyDeleteEURUSD didn't just fall out of its channel, it had a gravity lesson.
ben @ 12:06.. absolutely true!
ReplyDelete@McF
ReplyDeleteStill.. I'd like me some of that cheese...
@McF
ReplyDeleteI think we should OUTSOURCE all our federal jobs to China to save money... :-)
They could make that $3B go a lot further if they would just mail out checks for $1000 each to registered Democrats in swing districts.
ReplyDeleteB22:
ReplyDeleteMEA CULPA. There are so many great calls here I have trouble remembering who made 'em. Nice job.
The problem is, with the KAREN AVATAR, LB's mind just melts...
Businesses are not hiring b/c there is no effing demand.
ReplyDeletePeriod.
CV,
ReplyDelete這是一個好主意。
left,
ReplyDeletetotally kidding man, everyone here has made some money calls at one point or another this year....everyone.
"we have systematic failure of disclosure of what is really happening on the fiscal side. Government and international organizations are lying effectively lying to us, there is no question about it. The present value of the difference between spending and revenues from the CBO is $200 trillion."
ReplyDeleteremember that link i posted a day or two ago where that white house woman is saying the bill was paid for???
@HU
ReplyDeleteMan who eat fortune cookie in bed have crummy sleep...
you can watch the interview with Kotlikoff:
ReplyDeletehttp://www.zerohedge.com/article/boston-universitys-kotlikoff-explains-why-us-bankrupt
No effing demand, yes.
ReplyDeleteBut how to revive the animal spirits without piling on another $5T in debt?
@HU
ReplyDeleteMan who run in front of car become TIRED
Man who run behind car become EXHAUSTED
CV,
ReplyDeleteO.K., O.K., I get the picture.
I linked this before but I'll do it again, this slideshow is aces:
ReplyDeletehttp://www.ritholtz.com/blog/2010/07/agora-symposium-slideshow/
Hey, I.. thanks for the Cooper.. you know I <3 him and would have missed that one.
ReplyDeletealright, I'll be back around the close, enjoy the perch, I mean markets.
ReplyDeletekroo
ReplyDeletehttp://www.minyanville.com/investing/articles/kroo-small-cap-etfs-australian-etfs/8/11/2010/id/29561
kroo.. not sure if the article failed to point out the lack of volume cuz i didn't read it.. my excitement has vanished.
ReplyDeleteben! thanks for that slideshow!
B22,
ReplyDeleteThat BAZZA slideshow is terrific. Especially the politics part...
Karen,
ReplyDeleteDo you still HEART me too?
David,
ReplyDeleteKAREN does a lot of HEARTing.... get over it....
Interesting little new low at the tail end of lunch hour...
ReplyDeleteDont see that everyday.
Nouriel
ReplyDeleteV is dead; anemic U growth is baseline; prob of a double dip W is now 40%; and a L shaped near depression is possible in US/Eurozone/Japan
Home Prices Rise in Many Cities
ReplyDeleteKaren, want to comment on this POS news story?
Home prices rising = beginning of the high end crumble?
L-shaped, baby !!! Yeah....
ReplyDeleteFor Leftback, from the Cooper link...
ReplyDelete"The Masterplan"
Oasis
http://www.youtube.com/watch?v=kdvqss4S_-I&feature=email
Whatever happened to the inverted square root?
ReplyDeletelooking at spy which helped me with the turn around last time (the time i was calling for 106).. we've got a problem.. even today's open was below the uptrend.. it is clearly broken. i'm looking for 109 flat but why should that hold? it's weak support.. unless the cavalry comes in.
ReplyDeleteHere come the 10y Tsys?
ReplyDeleteWho wants these beauties?
SOLD to you, Mister CARON, to cover those UNSIGHTLY SHORTS....
Mr MACK, please put the CATTLE PROD down until trading is over...
10y sold at 2.73%, slightly above the 2.71%
ReplyDeleteCoverage 3.03, strong but not overwhelming.
sonar: http://www.youtube.com/watch?v=dfVu3KVh6Gw
ReplyDeleteCV,
ReplyDeleteI love what you've done with the place
A last hour dribble into the close from here would get ugly.
ReplyDeleteSo my guess is the "PPT" activity will start soon, if there is to be any.
@McF (12:29)
ReplyDeleteI'll bet slide 34 is your favorite...
topstep: http://www.youtube.com/watch?v=9qKHCNio5Kw
ReplyDeletedid he say 1066 or 666.. i have major tree working going on here.. 3 canaries coming out and and a 45 foot eucalyptus..
ReplyDelete1066
ReplyDeletei like slide 46!
ReplyDelete@I-Man
ReplyDeleteI concur... It goes back to the "fulcrum" of CV's EXPANDING WEDGE that I was talking about 3 weeks ago...
@I-Man
ReplyDeleteFore reference...
The slides on this thread...
http://traders-anonymous.blogspot.com/2010/07/morning-audibles-72910-within-without.html
oh yeah! 1065! true CV..
ReplyDeleteand that is my 106 SPY number.
ReplyDeleteDL.. PIMCO tweet
ReplyDeleteGross: We need to become job competitive, to direct more emphasis and investment in clean energy, infrastructure and education.
1067.52 is the 23.6% retrace of the monthly 3LB range (1186.69-1030.71).
ReplyDeleteKaren @ 1:46
ReplyDeleteGee, thanks.
(And don't get me started).
LB rode the THIRD WORLD NYC SUBWAY this morning. It is falling apart, something you really notice if you go to Copenhagen or London where they have actively updated sections of the Tube and continue to do so.
ReplyDeleteWhy not invest in that instead of sending my tax $ directly to BLANKFIEND? I guess BLANKY doesn't strap-hang...?
I love it. Everyone is so chirpy on big down days.
ReplyDeletehahaha! alaidi
ReplyDeleteRT @Martwittius: @alaidi How come USD rebounded despite weak outlook for US economy & FOMC stance on QE?. WILL ANSWER YOU SOOn
The formerly "strapless" karens top, now has the straps back on...
ReplyDeleteLB.. did you read about the mosque protest at the twin towers? the protestors think they were censored by the media.. i thot i read about it, tho.. maybe it was tweeted : )
ReplyDeleteLB @ 1:53
ReplyDeleteI would agree that investment in the NY subway system is a more worthy objective than 80-90% of the "stimulus" goals that Obama has wasted money on.
CV
ReplyDeleteWe need illustrations. Like before and after...
K is going to love it if LB crashes and eats his bounce trades....
If they would just turn AIR FORCE 2 and MARINE ONE into fractional jet & helicopter ownership and let every citizen take turns using them on their vacations and to fly 6 miles across town...
ReplyDeleteI'd be on board with that... :-)
@LB
ReplyDeleteThat's why the avatars are down...
karen crammed the system with nude fotos (which were censored by blogger)...