DrStool Posted August 14, 2009 Report Share Posted August 14, 2009 Is a one hour selloff. Then the selling dries up. Then the dip buyers rush in where fools fear to tread. I guess we're the fools. I'll be traveling again this weekend. See you on Monday. Fully updated Fed Report to be posted later this evening. Link to comment Share on other sites More sharing options...
PyurAureo Posted August 14, 2009 Report Share Posted August 14, 2009 Great to have you back on the Stool this weak, Doc. Happy Trails on your travels over the WeakEnd Link to comment Share on other sites More sharing options...
PyurAureo Posted August 14, 2009 Report Share Posted August 14, 2009 Listening to Diane Swonk, is like ... well ... Listening to Diane Swonk Link to comment Share on other sites More sharing options...
Charmin Posted August 14, 2009 Report Share Posted August 14, 2009 If the pigmen distribute now, then you'd have to wonder how long will they drag it out for - before price collapses. we need shorty to go on a rampage just to entertain us while we wait. Link to comment Share on other sites More sharing options...
Bungster Posted August 14, 2009 Report Share Posted August 14, 2009 Listening to Diane Swonk, is like ... well ... Listening to Diane Swonk Got a thing fer strawberry blonds eh? Link to comment Share on other sites More sharing options...
shorty Posted August 14, 2009 Report Share Posted August 14, 2009 Leading Indicator - The Hot Waitress Index (The hotter the waitresses, the weaker the economy) A Soho restaurateur I know recently received applications from “a couple of classic Eastern European fembots. Once upon a time, these ladies must’ve made $1,500 a night lap dancing. At my place, they’re not going to make that in a week.” He didn’t hire them, though. Not every restaurant craves stripper-level pulchritude in their serving ranks. Many prefer competence. Link to comment Share on other sites More sharing options...
Jetlag Posted August 14, 2009 Report Share Posted August 14, 2009 By all measures the market should have already started at least a sizable pullback by now. Short selling going down, insider selling going up, small investor sentiment reaching highs for two weeks straight... "Company executives are selling stock at a rate not seen in two years after a near 50 percent rise in the S&P 500 from a March 9 low. That suggests directors and managers may think stock prices are nearing the top end of their range in the current economic climate. There has been a decline in short interest -- borrowed shares sold but not yet repurchased -- which some anal cysts see as a warning. Some investors sell short to profit from price declines, and some say the recent rally has been supported by the reversing of short positions." http://www.reuters.com/article/ousiv/idUSTRE57D49S20090814 Link to comment Share on other sites More sharing options...
sarcastro Posted August 14, 2009 Report Share Posted August 14, 2009 I have mercifully reduced following this action day to day, seeing how it does me no good, with all the positions I already have. But after this stunning yet unsurprising (given what we've seen over...and over...and over...and over again) turnaround, I was curious to see how the old neighborhood was holding up. Not unsurprisingly, most everyone is resigned to the idea, yet again, that the stock market will just keep going up. I say NO EFFING WAY. THEY are on the run, not us. Everytime a rally gets going for a few weeks (or in this case, months), we keep hearing how the bottom is in, and even ultra-bears like Schiff talk about how the stock market will only go down in REAL terms now, not nominal. Not too many people, even this most apocolyptic, would have thought in 2006, or even 2007, that we would retest, let alone break, the 2002 bottom. I say we're going to do it again. Will this be the turnaround? Who knows? But there is too much pain, too much anguish out there for the masters of the universe to keep this going. The markets are Wiley Coyote- all it needs to do now is just look down. TBT, USO, and QQQQ put options for Jan '11 is probably what you'll want to do next, IF you, unlike me, have money for new positions. Then just sit back, take a deep breath, and get ready... Link to comment Share on other sites More sharing options...
Bungster Posted August 14, 2009 Report Share Posted August 14, 2009 I'm sure bearz want some more confusion.... Here's a few interviews with Tobias Levkovich... http://ow.ly/k6WI Link to comment Share on other sites More sharing options...
Bungster Posted August 14, 2009 Report Share Posted August 14, 2009 Possible Bear porn.... Kiss from underneath then Hasta La Vista Baby? Link to comment Share on other sites More sharing options...
quanta Posted August 14, 2009 Report Share Posted August 14, 2009 Bank Death March Colonial BancGroup Inc. was closed by regulators and taken over by BB&T Corp. in the biggest U.S. bank failure since Washington Mutual Inc. collapsed last year. Bloomie Also, almost an aside, Dwelling House Savings and Loan in Pittsburgh. Full FDIC list. Jeez, whatz a few more billion? Is that a lot? Link to comment Share on other sites More sharing options...
Bungster Posted August 14, 2009 Report Share Posted August 14, 2009 Possible boolish scenario... Link to comment Share on other sites More sharing options...
Charmin Posted August 14, 2009 Report Share Posted August 14, 2009 "The head of the Federal Deposit Insurance Corp. is arguing against key pillars of the Obama administration's plan to overhaul the financial system, saying they would not survive in Congress and that she has better ideas." http://finance.yahoo.com/news/FDIC-chief-s...set=&ccode= The O-pillars must fall. and Mr. G should be labeled part of the mob. "Treasury Secretary Tim Geithner angrily demanded regulators get in line, even though the Treasury has no power over agencies like the Fed and FDIC." Link to comment Share on other sites More sharing options...
cwd Posted August 14, 2009 Report Share Posted August 14, 2009 I have mercifully reduced following this action day to day, seeing how it does me no good, with all the positions I already have. But after this stunning yet unsurprising (given what we've seen over...and over...and over...and over again) turnaround, I was curious to see how the old neighborhood was holding up. Not unsurprisingly, most everyone is resigned to the idea, yet again, that the stock market will just keep going up. I say NO EFFING WAY. THEY are on the run, not us. Everytime a rally gets going for a few weeks (or in this case, months), we keep hearing how the bottom is in, and even ultra-bears like Schiff talk about how the stock market will only go down in REAL terms now, not nominal. Not too many people, even this most apocolyptic, would have thought in 2006, or even 2007, that we would retest, let alone break, the 2002 bottom. I say we're going to do it again. Will this be the turnaround? Who knows? But there is too much pain, too much anguish out there for the masters of the universe to keep this going. The markets are Wiley Coyote- all it needs to do now is just look down. TBT, USO, and QQQQ put options for Jan '11 is probably what you'll want to do next, IF you, unlike me, have money for new positions. Then just sit back, take a deep breath, and get ready... Sac, good to see you posting. Link to comment Share on other sites More sharing options...
T_Slim Posted August 15, 2009 Report Share Posted August 15, 2009 Oh no, it can't be true . . . it can not be . . . say it ain't so . . . no one seen this coming: Potash revenues tumble, forcing Saskatchewan government to curb spending to remain in the black BY JAMES WOOD, SASKATCHEWAN NEWS NETWORK Link to comment Share on other sites More sharing options...
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