DrStool Posted June 23, 2009 Report Share Posted June 23, 2009 I realize that I have driven a lot of people away , but this level of traffic over the past several days suggests to me that we are about to witness a very big move in the market. The reaction to tomorrow's FOMC should be interesting. Link to comment Share on other sites More sharing options...
MrHanky Posted June 23, 2009 Report Share Posted June 23, 2009 Link to comment Share on other sites More sharing options...
MrHanky Posted June 23, 2009 Report Share Posted June 23, 2009 Doc beat me to it by a few seconds I still get the feeling "They" turn this thing vertical going into months end Link to comment Share on other sites More sharing options...
GregFokker Posted June 23, 2009 Report Share Posted June 23, 2009 Doc beat me to it by a few seconds I still get the feeling "They" turn this thing vertical going into months end I agree. The only question is in which direction. Good article, if somewhat tame, from a Canadian mainstream news magazine. Tens of millions of J6Ps reading and contemplating this for the first time, just like the well educated, professional colleague who sent it to me today. http://www2.macleans.ca/2009/06/22/can-they-pay-it-back/ Link to comment Share on other sites More sharing options...
MrHanky Posted June 23, 2009 Report Share Posted June 23, 2009 I agree. The only question is in which direction. This is a perfect setup for the pigmen..... Everyone gave up because we broke all the moving averages on the SPX.They keep em below just a tad for a day or two to suck in the sellers and short hedgies.Then,move the SPX back to 950 for the months end print. Or not Link to comment Share on other sites More sharing options...
BusKow Posted June 23, 2009 Report Share Posted June 23, 2009 entertainment zone for sewer, BUTT i'm leaning toward downtown... Link to comment Share on other sites More sharing options...
BusKow Posted June 23, 2009 Report Share Posted June 23, 2009 here's why...'course i could just be suckin' up the bait Link to comment Share on other sites More sharing options...
Jetlag Posted June 23, 2009 Report Share Posted June 23, 2009 I agree. The only question is in which direction. Good article, if somewhat tame, from a Canadian mainstream news magazine. Tens of millions of J6Ps reading and contemplating this for the first time, just like the well educated, professional colleague who sent it to me today. http://www2.macleans.ca/2009/06/22/can-they-pay-it-back/ Link to comment Share on other sites More sharing options...
GregFokker Posted June 23, 2009 Report Share Posted June 23, 2009 I must have missed that episode. Usually relied on Cellucci to pass on the message. What an insufferable prick that guy was. Link to comment Share on other sites More sharing options...
MrHanky Posted June 23, 2009 Report Share Posted June 23, 2009 Well,The 50 day crossed above the 200 day by 33 cents.Since the 200 day is still declining pretty fast,it's meaningless I would think. A few up days here would make this chart extremely bullish though.And A close above 920 could make the bears hibernate for a while.The Pigmen will do everything in their power to "fix" this chart into the end of the quarter..... Link to comment Share on other sites More sharing options...
joe3pack Posted June 23, 2009 Report Share Posted June 23, 2009 the housebuilking CEOs sold all their sheers right at the top in 2005--'suckas!' they chuckled, those elite shysters--but this time an older but wiser and more numerous herd of CEOs is paying better attention to 'while the going is good' strategies. ----- Executives at U.S. companies are taking advantage of the biggest stock-market rally in 71 years to sell their shares at the fastest pace since credit markets started to seize up two years ago. Insiders of S&P 500 companies were net sellers for 14 straight weeks as the market rallied, according to data compiled by InsiderScmaore.com. http://www.bloomberg.com/apps/news?pid=206...id=aqNg.FOkoSYY ----- Etymology The word is derived from the German verb scheissen, "to defecate" and the English suffix -ster, "one who does". Shyster is an alteration of the German scheißer, which literally means "defecator" or an "incompetent worthless person". Common misspellings Shyster is commonly misspelled. Common variants include schister, scheister, sheister, schyster, shister, shaista, shiester and schiester. Link to comment Share on other sites More sharing options...
GregFokker Posted June 23, 2009 Report Share Posted June 23, 2009 Well,The 50 day crossed above the 200 day by 33 cents.Since the 200 day is still declining pretty fast,it's meaningless I would think. A few up days here would make this chart extremely bullish though.And A close above 920 could make the bears hibernate for a while.The Pigmen will do everything in their power to "fix" this chart into the end of the quarter..... 13 week cycle upphase a no-show, 4-6 week cycle downphase starting out. Holding my FAZ, but wrote way OTM covered calls against 1/6 of the position today just for fun. Planning on taking Lady Fokker for sushi on Satiddy, and those promise tickets are gonna pay for it Link to comment Share on other sites More sharing options...
joe3pack Posted June 23, 2009 Report Share Posted June 23, 2009 Well,The 50 day crossed above the 200 day by 33 cents.Since the 200 day is still declining pretty fast,it's meaningless I would think. A few up days here would make this chart extremely bullish though.And A close above 920 could make the bears hibernate for a while.The Pigmen will do everything in their power to "fix" this chart into the end of the quarter..... but i'z likes how intraday we couldn't get past and again closed below both those moobing aberrages, the 50 and its chubbier twin, 200. smells like salmon comin' upstream, y'all. Link to comment Share on other sites More sharing options...
DrStool Posted June 23, 2009 Author Report Share Posted June 23, 2009 Much Ado About Nothing – Professional Edition by Lee Adler, Tuesday, June 23, 2009, in Money and The Fed, Professional Edition | Permalink |Comments (0) Edit Relatively strong results in the 2 year note auction were ballyhooed in the financial media today, but in reality the performance was simply borrowed from the bill auctions on Monday and earlier Tuesday. Taken as a whole there was no uptick in demand evident. That was the easy part as the market got help from the paydown of $35 billion in CMBs. Now the market faces the prospect of absorbing $64 billion in 5 year and 7 year notes to be auctioned over the next few days, all of which is new supply. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful, I will give you a full refund. It’s that simple. Click here for more information. Link to comment Share on other sites More sharing options...
joe3pack Posted June 23, 2009 Report Share Posted June 23, 2009 gfokker, imteresting piece. some excerpts: Those are the kinds of politically loaded statements that keep Schiff up at night. What happens if lenders like China and Japan come to the conclusion that their investments in America have turned out to be bad ones? “The fact that we squandered all the money they loaned us, and the fact that by lending us money they’ve contributed to our economy being less efficient and less productive, they’re actually in a situation where the more money they lend us the less likely we are to pay them back,” he says. . . . . “That they’ll keep lending indefinitely makes about as much sense as the argument that real estate prices have been rising, so they’ll rise forever,” he says. “Nothing that is unsustainable will go on forever.” Schiff, the broker-turned-celebrity-prognosticator, is concerned enough about such a calamity that he says he’s now considering taking his message straight to Washington and running for a seat in the U.S. Senate. His threat to enter politics, which he first made last week on The Daily Show with Jon Stewart, has caused some buzz in Washington. Link to comment Share on other sites More sharing options...
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