Drano Posted August 31, 2010 Report Share Posted August 31, 2010 Give us what we want or we'll take our balls and go home? Anyone trading this market is lucky if they end up being able to take their balls home. Link to comment Share on other sites More sharing options...
Ags Nightmare Posted August 31, 2010 Report Share Posted August 31, 2010 I have a new most hated cnbs personality...the Crapple Fanboy....this guy is a world class gadget ass kisser..it's like he's shielded some how from the outside world and plays with pads all day... Link to comment Share on other sites More sharing options...
DrStool Posted August 31, 2010 Author Report Share Posted August 31, 2010 Breaking News....TONY DOW 10000 Hat Shortage Link to comment Share on other sites More sharing options...
Trader Joe Posted August 31, 2010 Report Share Posted August 31, 2010 That Dow 10,000 level is something else isn't it? I can remember having lunch at a Chinese restaurant some time after the attacks on September 11, 2001 in Jacksonville. I'm sitting there eating my grub and two preppy douches walk in and look at the TV screen. The one goof goes, "Wow, the Dow is above 10,000." Public relations games at their finest. Same Idiot Parade at my gym last year when gold busted through $1,000 All the meatheads were yappin' it up.... "hey'd, ya ear, gold's over a tow-sand" "Yeah, thanks for the update f**ktard....hey you wouldn't happen to have the QUADS volume or the SPOOS level with that....would-ja now?" Link to comment Share on other sites More sharing options...
crooked_analyst Posted August 31, 2010 Report Share Posted August 31, 2010 Fed oks Chinese purchase of Morgan Stanley stake http://www.marketwatch.com/story/fed-oks-chinese-purchase-of-morgan-stanley-stake-2010-08-31 Link to comment Share on other sites More sharing options...
Trader Joe Posted August 31, 2010 Report Share Posted August 31, 2010 Did I just hear Trish "big cans" Regan correctly... Worst Augie in 9 years? Outstanding! Link to comment Share on other sites More sharing options...
Trader Joe Posted August 31, 2010 Report Share Posted August 31, 2010 RIMM continues to wind its way down to the "teens" Link to comment Share on other sites More sharing options...
MrHanky Posted August 31, 2010 Report Share Posted August 31, 2010 I am now expecting a first of the month ramp,followed by happy prints going into the holiday weekend. End of week target 1070's The whole world is now bearish..... Or not Link to comment Share on other sites More sharing options...
T_Slim Posted August 31, 2010 Report Share Posted August 31, 2010 Same Idiot Parade at my gym last year when gold busted through $1,000 All the meatheads were yappin' it up.... "hey'd, ya ear, gold's over a tow-sand" "Yeah, thanks for the update f**ktard....hey you wouldn't happen to have the QUADS volume or the SPOOS level with that....would-ja now?" :lol: Link to comment Share on other sites More sharing options...
Trader Joe Posted August 31, 2010 Report Share Posted August 31, 2010 Fun With Charts I lifted the chart below from one of Mishy's posts http://globaleconomicanalysis.blogspot.com/2010/08/26-of-last-88-trading-days-have-been-90.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+MishsGlobalEconomicTrendAnalysis+(Mish's+Global+Economic+Trend+Analysis) Note how 15,000ish served as support for several years after the initial crash Further note, how resistance was roughly 40% higher or the 21,000 area __________________ Now, look at the Sow Two probes to the bottom, at 7,500 and 7,000 after it "gave up the balloon knot" in 2000 ...and 40% higher from these levels would be 10,500 and 9,800 ___________________ Looks like another push to the 7000-7500 area is in the cards, and then a recovery rally After that 3rd rally LOB Triple tops and triple bottoms.....there ain't no such thing Link to comment Share on other sites More sharing options...
Jorma Posted August 31, 2010 Report Share Posted August 31, 2010 I find this statement (from the farticle), and similar ones like it about other banks, almost unbelievable....I must be missing something According to a person who has been briefed, JPM will eventually be shutting down ALL proprietary trading in all markets in response to financial reform. This will include fixed income and equities which are much larger departments at the bank. Right, as stated it simply does not compute. Their XXX trillion dollar derivatives book cannot be simply left to unwind on it's own accord and one assumes many of the trades have a lifetime in years. Somehow or other they are going to have to spin off the trading operations. It is way way beyond my pay grade to understand how it will all effect their balance sheet. Link to comment Share on other sites More sharing options...
Drano Posted August 31, 2010 Report Share Posted August 31, 2010 Okay, so JPM is stopping its prop trading and also China is buying 10% of them. Announced on same day. Well? A little help here, fellow tin foil dudes. Link to comment Share on other sites More sharing options...
Trader Joe Posted August 31, 2010 Report Share Posted August 31, 2010 OT: Just tested out Google Call (competition to Skype) Works like a champ!!! Gotta love FREE Link to comment Share on other sites More sharing options...
DrStool Posted August 31, 2010 Author Report Share Posted August 31, 2010 I record our podcasts via skype. It's great. As far as free phone calls. I got Magic Jack over a year ago. In fact. I have 2 of them. I love them. Would get rid of the phone but the occasional split second latency with MJ bothers my wife. It's gotten much better in the last year. On most calls there's no noticeable lag at all. Link to comment Share on other sites More sharing options...
DrStool Posted September 1, 2010 Author Report Share Posted September 1, 2010 There Is No Stock Market Link to comment Share on other sites More sharing options...
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