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Bulls Run Back The Kickoff, Hold on for Victory


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pretty interesting

The dollar-adjusted S&P 500

Another extract from Diapason Commodities?€™ latest note, courtesy of author Sean Corrigan.

This time the S&P 500 as multiplied by the US dollar trade-weighted index:

http://av.r.ftdata.co.uk/lib/inc/getfile/17676.jpg

 

 

According to Corrigan, the chart ?€” which is set to a logarithmic scale ?€” shows the extent to which money illusion has boosted the apparent performance of US equities. As he explains:

 

Strip out the effect of the sickly greenback (by multiplying by the TWI) and we see that this bust has clearly spelt doom for a three-decade uptrend; that we are both hovering dangerously at the 50% mark of that whole move and also threatening to fail at the previous 2003 low. were that to occur, it could mean a much deeper unwind of the post-Tequila bubble era range.

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jickiss is back!

 

 

 

jickiss is back!

 

and

 

The Louder the Wail,

The True-er the Tale.

 

When Options Expire

Callz be Burned in The Fire!

 

When "Call-numbness Day's" woozy

Boyz'll Trick 'em on Tuesday

 

Hence, gentle posters, GG forensics spell opportunity. Or Not. You decide!

 

jickiss!!!!!!!

post-1911-1255380179_thumb.png

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Today's great quote.....

 

 

"There is no reason that oil should be trading at these levels"

 

 

Generic Hedge Hog Translation: I can't trade this b*tch worth a damn....every time I short, it moves higher, and every time I dong, it moves lower....I goner get fired by Christmas if I don't go "all in" and pick the right direction......

___________________

 

Speaking of ....."getting fired by Christmas"...."going all in"....."making my year"......etc

 

The number of hack investment managers that have missed this train is still "muy grande"......the run to get a seat on the train and go "all in" is going to be spectacular between now and the end of the year......biggest panic buying since the "dot bomb" days is in the offing....Hey, what's to lose, especially if it's not your own money?

 

Now get on the train !!!

'

rushhour.jpg

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Today's great quote.....

 

 

"There is no reason that oil should be trading at these levels"

 

 

Generic Hedge Hog Translation: I can't trade this b*tch worth a damn....every time I short, it moves higher, and every time I dong, it moves lower....I goner get fired by Christmas if I don't go "all in" and pick the right direction......

___________________

 

Speaking of ....."getting fired by Christmas"...."going all in"....."making my year"......etc

 

The number of hack investment managers that have missed this train is still "muy grande"......the run to get a seat on the train and go "all in" is going to be spectacular between now and the end of the year......biggest panic buying since the "dot bomb" days is in the offing....Hey, what's to lose, especially if it's not your own money?

 

Now get on the train !!!

'

rushhour.jpg

if yer speakin of common stocks, that train is already full of suckers drunk on false hope Kool-Aid, and it's about to run off the tracks again

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Oct. 12 (Bloomberg) -- The four biggest U.S. banks by assets may have to take writedowns on $55 billion of mortgage- collection contracts after marking them up by $11 billion in the second quarter, casting a shadow over earnings.

“Nobody wants to point out that the emperor has no clothes,” said FBR’s Miller. “They all took massive hedging losses over the last quarter, mainly coming out of May, when rates shot up 150 basis points, and mysteriously MSRs were written up to match those losses.”

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Oct. 12 (Bloomberg) -- The four biggest U.S. banks by assets may have to take writedowns on $55 billion of mortgage- collection contracts after marking them up by $11 billion in the second quarter, casting a shadow over earnings.

“Nobody wants to point out that the emperor has no clothes,” said FBR’s Miller. “They all took massive hedging losses over the last quarter, mainly coming out of May, when rates shot up 150 basis points, and mysteriously MSRs were written up to match those losses.”

 

Yeah, pretty mysterious.

:lol: :lol: :lol:

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From TraderFeed blog...nice observations

 

This is a quick follow up to my earlier post on divergences. Note that the new bull highs in the S&P 500 Index (ES futures) today were not confirmed by the NASDAQ or Russell 2000 Indexes. We also did not see new bull highs in the XLB, XLI, XLV, XLF, and XLK sector ETFs. I also show us as having made a little over 1400 20-day highs across the NYSE, NASDAQ, and ASE--well down from the levels of mid-September. I continue to see this as part of a topping process in stocks.

 

http://traderfeed.blogspot.com/

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