DrStool Posted November 25, 2022 Report Share Posted November 25, 2022 I am so proud of the fack that the term Black Friday was coined by my Phillufya Pleece in the 1940s as a term of endearment for the crowds of shoppers that descended upon Center City on the day after Tanks Giving. Not for all the good reasons that CNBC and other mouthpieces of the mob would have you bleeve. I know this for a fack because I was a kid in the 1950s, and my dad had a retail business downtown, and he explained this to me when I asked why they called it Black Friday. Dad was just matter of fact about it. Stories in the Philly papers somewhat confirm this without giving the obnoxious details. Meanwhile, seasonally we usually have an upday today. Of course, seasonally, the Fed is normally pouring billions into the market for the occasion. Back in the old days it was usually with extended temporary repo operations. In the QE era, no need for that. Now, they're draining. And the Treasury is pulling $86 billion out of the markets between today and next Thursday. That's on top of the $53 billion it pulled out on Tuesday. If the market continues to rally today under these conditions, it will be like the miracle on Turdy-turd Street. Reminder, the market closes at 1 PM today. That's 7 PM CET for the two of you that are here with me in my time zone. Meanwhile, the hourly chart of the ES, S&P 24 hour fugutures, hints that yes, Vaginia, the market will go higher. It made a higher high on the latest move, by one point, than the previous move. Such minor highs are normally a sign sent by market makers to other market makers, that they gonna take it, HIYA! The 5 day cycle projection now says 4085. But that would mean a high base breakout, and that breakout would have a conventional measured move target of 4185. Happy Black Friday. Click the links below for moron the markets. Gold and Miners, Pullback Looks OK November 23, 2022 Stock Market Is Grinding Through Resistance November 21, 2022 Swing Trade Screen Picks – Cautiously Bearish November 21, 2022 Fed Policy Will Stay Bearish Until It’s Too Late November 20, 2022 The Repeal of Rule Number One, Don’t Fight the Fed November 14, 2022 Bond Market Rally is Technically Valid but Belies the Facts November 12, 2022 Bad News for the Markets – Not Just Withholding Boomed in October November 3, 2022 Surge in Withholding Tax Collections in October Indicates Faster Jobs Growth November 2, 2022 Bear Market Isn’t the Mirror of a Bull October 31, 2022 If you're serious about the underlying forces of supply and demand that drive the markets, join me! If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter. Link to comment Share on other sites More sharing options...
DrStool Posted November 25, 2022 Author Report Share Posted November 25, 2022 Looks like we're going to have a tremendously exciting half day. Link to comment Share on other sites More sharing options...
DrStool Posted November 25, 2022 Author Report Share Posted November 25, 2022 Running a server test. Will be offline for a few minutes. Link to comment Share on other sites More sharing options...
DrStool Posted November 25, 2022 Author Report Share Posted November 25, 2022 Done. Remain calm. All is well. Link to comment Share on other sites More sharing options...
DrStool Posted November 25, 2022 Author Report Share Posted November 25, 2022 Enjoy the weekend! Ciao! Link to comment Share on other sites More sharing options...
Jimbo Posted November 26, 2022 Report Share Posted November 26, 2022 THE PONZI CINEMATIC UNIVERSE Just as comic book heroes have expanded into a cinematic universe. The concept of the Ponzi scheme has expanded into a ponzi financial universe. If you look closely enough you can find a ponzi element in almost any asset. Assets can have an intrinsic element value and a ponzi value which combine to make up the asset price where the price exceeds the intrinsic value. In 2021 almost all bonds and stocks had a very large ponzi value....in many cases exceeding the intrinsic value of the asset. You can thank the FED for that. Excess liquidity drives the ponzi value. You can then derive a Ponzi ratio for an asset... The ponzi value of the asset divided by the intrinsic value of the asset. Link to comment Share on other sites More sharing options...
DrStool Posted November 26, 2022 Author Report Share Posted November 26, 2022 As Twitter sinks into the mire, I invite you to join Post. https://post.news/?r=YRI8P They said this link would earn the right to cut in line if it generates 5 referrals? WTF does that mean, and who TF cares. No doubt Twitter will become a place where no genteel people will want to be seen. If it survives. Link to comment Share on other sites More sharing options...
DrStool Posted November 26, 2022 Author Report Share Posted November 26, 2022 What I don't understand is why all the FinTwit people don't just come to Capitalstool. Link to comment Share on other sites More sharing options...
fxfox Posted November 26, 2022 Report Share Posted November 26, 2022 2 hours ago, DrStool said: What I don't understand is why all the FinTwit people don't just come to Capitalstool. Algos. Probably key words missing like „rich fast, always up, I love ARKK, Larry Fink is the greatest, USA! USA! to the moon Alice!“ etc…. Link to comment Share on other sites More sharing options...
DrStool Posted November 26, 2022 Author Report Share Posted November 26, 2022 What happened to the 4000 people who left when we had the 2004 schism. They started another board. Are they still out there? They were Trump people before there were Trump people. Link to comment Share on other sites More sharing options...
fxfox Posted November 26, 2022 Report Share Posted November 26, 2022 11 minutes ago, DrStool said: What happened to the 4000 people who left when we had the 2004 schism. They started another board. Are they still out there? They were Trump people before there were Trump people. Schism in 2004? Really? Why was that? Who was their leader? Marky Mark? It wasn‘t because of K-Wave Rider, that happened later I think. Link to comment Share on other sites More sharing options...
DrStool Posted November 26, 2022 Author Report Share Posted November 26, 2022 They didn't like the way I ran the board. Link to comment Share on other sites More sharing options...
aussiebear Posted November 27, 2022 Report Share Posted November 27, 2022 4 hours ago, fxfox said: Schism in 2004? Really? Why was that? Who was their leader? Marky Mark? It wasn‘t because of K-Wave Rider, that happened later I think. I think B4 was the leader. Indexcalls was the name of the forum. They wanted the discussion to be more general than just financials. I attended for quite a while but there was a lot of posts to read and comment on and I didn't have the time to get fully involved. Not sure whether it's still going ... Link to comment Share on other sites More sharing options...
Jimi Posted November 27, 2022 Report Share Posted November 27, 2022 1 hour ago, aussiebear said: I think B4 was the leader. Indexcalls was the name of the forum. They wanted the discussion to be more general than just financials. I attended for quite a while but there was a lot of posts to read and comment on and I didn't have the time to get fully involved. Not sure whether it's still going ... Avatar was Humphrey Bogart. Link to comment Share on other sites More sharing options...
Jimi Posted November 27, 2022 Report Share Posted November 27, 2022 9 hours ago, DrStool said: As Twitter sinks into the mire, I invite you to join Post. https://post.news/?r=YRI8P They said this link would earn the right to cut in line if it generates 5 referrals? WTF does that mean, and who TF cares. No doubt Twitter will become a place where no genteel people will want to be seen. If it survives. We have added your email address to the waiting list — you are currently #179955. Link to comment Share on other sites More sharing options...
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