capitall Posted October 7, 2011 Report Posted October 7, 2011 Gap and crap and gap and crap Yeah, the tape jerks around like it has that St. Vitus Dance disease. Hope no one got chopped up by the tape's wild movements. I see Madness, you were quick enough able to jump along with it once again. Congrats! No telling what Mon. will bring.
T_Slim Posted October 7, 2011 Report Posted October 7, 2011 You can pick your channels? WTF? Is that a Canadian 'ting? They changed the packages around up here. I got rid of CNBC, BNN, and many other channels, but was able to add Bloomberg. Unfortunately, Faux News and a few other boring channels are included. I'll probably be getting rid of them eventually like Doc suggested and listen to Bloomberg radio. It's comical to watch when the markets tank. I like to see the commentators sad faces.
Goldmember Posted October 8, 2011 Report Posted October 8, 2011 I donged up a couple of positions when the $SPX came to 1150ish. I'll have to see how Monday opens before I commit. Theoretically, there is room for Bully to blast this thing to the moon on Monday. Conversely, failure is ALWAYS an option... What Da Boyz gonna do?
DrStool Posted October 8, 2011 Report Posted October 8, 2011 I'm back. Did I miss anything? I caught all of the decline but then shut down the computer and hit the road. I guess it was quiet after that.
Dopamine Posted October 8, 2011 Report Posted October 8, 2011 I donged up a couple of positions when the $SPX came to 1150ish. I'll have to see how Monday opens before I commit. Theoretically, there is room for Bully to blast this thing to the moon on Monday. Conversely, failure is ALWAYS an option... What Da Boyz gonna do? Agree. Folks are leaning short while bonds have not confirmed this move down. Internals are still positive and so on. Got long during mid day dip and if they decide to dip it below 1150, I'll be waiting to make another purchase. That's the plan....for now.
cwd Posted October 8, 2011 Report Posted October 8, 2011 Doc is missing a great ball game 1-0 Cards in the top of the ninth.
DrStool Posted October 8, 2011 Report Posted October 8, 2011 Ugh. I didn't miss it. Phillies are an old broken down team. When Amaro was building that pitching staff he forgot that you need young hitters. They need to break up this team and start over. They cannot win with this lineup. Utley- finished. Howard- declining, and worthless in the playoffs. Polanco- finished. Ibanez- finished. Ruiz- old broken down catcher. What the hell were they thinking? When has a team ever made to the World Series with one starter under 31? Plus they've decimated their farm system. They could win the division again next year with the same result in the playoffs if they don't get a lot younger. I said this at the beginning of the season too. I said that they were old and would break down and they did. You could look it up. I like the Tigers to win it all. Cardinals should take the NL.
Lugnut Posted October 8, 2011 Report Posted October 8, 2011 A little 'splanation on why some might think we go higher in the coming weeks but go lower Monday and Tuesday. Rectangles are classic clean tops / bottoms (double, triple, head & shoulders, etc) and circles are messier. We had a double bottom earlier in the week, we had a double top today (courtesy of the robot army that painted it in the last hour).
capitall Posted October 8, 2011 Report Posted October 8, 2011 Thanks, Lugnut. The most entertaining chart I've seen in a while, LOL.
joe3pack Posted October 8, 2011 Report Posted October 8, 2011 otay, just whipped this out tonight. this is how i delicately handle romance scenes:
JonLaw Posted October 8, 2011 Report Posted October 8, 2011 Here are some of Doug Noland's remarks about this past week: "From the European experience, we now appreciate that the little, almost inconsequential Greek conomy is quite an impressive financial black hole. And as things have progressed, critical Credit Bubble Dynamics have been illuminated for all who want to see. The market has witnessed how the “money” from Greek Bailout One was soon vaporized. Dexia’s 2008 bailout: vaporized. Greek Bailout II, when it arrives, will be similarly vaporized. European bank capital: poof. The potential amount of “money” to be vaporized if Italy succumbs to the highly contagious path of Greece, Portugal and Ireland: Unfathomable Black Hole. Well, everyone knows this is not an option. So incredible effort will be exerted to present the European crisis in terms of some quantifiable, manageable, solvable problem – some quantifiable cost that might, with the euro at risk, be tolerable to, say, the German voter. The markets are somewhat relieved to see policymakers now completely engaged. Yet I don’t foresee an increasingly enlightened marketplace really buying into any notion that policymakers are getting their arms, minds or pocketbooks around the problem. Seeming at times in lonely isolation (and I’m not referring to either their AAA debt rating or manufacturing-based conomy), the Germans appreciate the unfolding “financial black hole” and monetary “slippery slope” nature of how things are progressing. Meanwhile, on a more daily and hourly basis, market focus seems to be whether policy pronouncements are sufficient to engender another “rip your face off” short squeeze. Despite stringent austerity measures, Greece will run a deficit this year of at least 8.5% of GDP. Without a massive and open-ended commitment from a rapidly depleting European “core,” the situation is utterly hopeless. In a microcosm of the predicament shared by other developed economies, Greece for too long depended on the creation of new financial claims (Credit) and consumption at the expense of investment in real wealth creation (is this type of analysis sounding any less archaic these days?). As much as policymakers will never admit it, impaired conomic structures are at the heart of an unquantifiable global Credit crisis of confidence. And as de-risking and de-leveraging empowers contagion effects worldwide, the scope of the unquantifiable grows only more unfathomable. Perhaps this is what Sir Mervyn King, from the BOE, had in mind. And it all seems to boil down to this: Credit cannot be stable within a backdrop of such extraordinary uncertainty. And, I would argue, no amount of central bank liquidity (“money”) and bank capital is going to engender sufficient certainty to stabilize global Credit, financial flows and asset markets. Not with the large number of dangerously maladjusted economies; not with such well-entrenched global conomic and financial imbalances; and not with today’s unbelievable Credit, derivatives, and speculative leverage overhang. The issue is certainly not a lack of “money” - but rather a lack of confidence and trust – the bedrock of Credit." Prudent Bear Link
Jimi Posted October 8, 2011 Report Posted October 8, 2011 Al Davis died. They think his heart just suddenly started beating. And it killed him.
Recommended Posts
Archived
This topic is now archived and is closed to further replies.