Trader Joe Posted September 20, 2009 Report Share Posted September 20, 2009 I was fortunate that they did not take my trading computers & screens. Would cost me quite a bit to replace them. Or save you even more by avoiding bad trades for a few days.... BWHAHAHHAHAHA Just kidding Link to comment Share on other sites More sharing options...
Lemur Posted September 20, 2009 Report Share Posted September 20, 2009 Or save you even more by avoiding bad trades for a few days.... BWHAHAHHAHAHA Just kidding I agree..... especially those UNG trades. Link to comment Share on other sites More sharing options...
ChicagoBear Posted September 20, 2009 Report Share Posted September 20, 2009 Interesting. I remember Sept.18, 2008 vividly. Lehman’s debt was causing MMMF’s to break the buck. On this Thursday morning, it was reported that there were over $800b sell orders in MMMF. Of course, the money wasn’t there, and this market was about to collapse. The Fed stepped-in and guaranteed the deposits, ending the panic. I thought of this event as the single most scary point in time I could ever remember. The financial system would have collapsed if not for the insurance. The stock market plummeted 30% the following Monday over the next 4 weeks. Now, exactly 1 year later, they have withdrawn the insurance. While things may function relatively smoothly without the insurance, I can’t help but be just a little apprehensive. I guess if another mass exodus starts, they could just put the insurance back in place. Let’s see what happens this week. WASHINGTON (AP) -- The Obama administration said Thursday that a program used to guarantee as much as $3 trillion in money market mutual fund assets will end on schedule next week. The program, which will be closed down on Sept. 18, had no direct cost to taxpayers and earned more than $1 billion in fees paid by the mutual fund industry, according to the Treasury Department. http://finance.yahoo.com/news/Money-market...453001.html?x=0 Link to comment Share on other sites More sharing options...
K Wave Rider Posted September 20, 2009 Report Share Posted September 20, 2009 Dr. Harbinger looks extremely vulnerable here....multiple longer time frames looking ready for the rollover, after tagging big time resistance.... 4 hour chart has just entered the crash window, with triple bottom trendline about to give way.... This is about as fully synchronous as it gets...sell all rallies as long as price stays below 2.90.... Link to comment Share on other sites More sharing options...
K Wave Rider Posted September 20, 2009 Report Share Posted September 20, 2009 I expect to see a back test of 165 area in GS fairly soon....whether that test is successful at holding or not could tell a very important story....monster pivot zone....bears need this to be the final throwover, or it is off to da races upside.... Link to comment Share on other sites More sharing options...
DrStool Posted September 20, 2009 Author Report Share Posted September 20, 2009 Interesting. I remember Sept.18, 2008 vividly. Lehman’s debt was causing MMMF’s to break the buck. On this Thursday morning, it was reported that there were over $800b sell orders in MMMF. Of course, the money wasn’t there, and this market was about to collapse. The Fed stepped-in and guaranteed the deposits, ending the panic. I thought of this event as the single most scary point in time I could ever remember. The financial system would have collapsed if not for the insurance. The stock market plummeted 30% the following Monday over the next 4 weeks. Now, exactly 1 year later, they have withdrawn the insurance. While things may function relatively smoothly without the insurance, I can’t help but be just a little apprehensive. I guess if another mass exodus starts, they could just put the insurance back in place. Let’s see what happens this week. WASHINGTON (AP) -- The Obama administration said Thursday that a program used to guarantee as much as $3 trillion in money market mutual fund assets will end on schedule next week. The program, which will be closed down on Sept. 18, had no direct cost to taxpayers and earned more than $1 billion in fees paid by the mutual fund industry, according to the Treasury Department. http://finance.yahoo.com/news/Money-market...453001.html?x=0 The run on the funds has already started. It's been quiet, but it's there, and it's about to explode. See the Fed Report. Link to comment Share on other sites More sharing options...
K Wave Rider Posted September 20, 2009 Report Share Posted September 20, 2009 GS 15 min...that gap look important to me.... Link to comment Share on other sites More sharing options...
Trader Joe Posted September 20, 2009 Report Share Posted September 20, 2009 Interesting. I remember Sept.18, 2008 vividly. Lehman?€™s debt was causing MMMF?€™s to break the buck. What better way to get the remaining fence sitters....and there are many...."back in the game" 0.68% APR on your MMF not enuff to motivate you back into equities? Well how's about we kill the Govi guarantee......does that do it for you grandma?....Well does it? If you don't get back in the market now, were gonna have a few MMF's break the buckster or go belly-up on ya....that'll get you off the fence..... Now then, go and .... BUY STOCKS !!! ...anything less would be, well, just un-American Link to comment Share on other sites More sharing options...
Trader Joe Posted September 20, 2009 Report Share Posted September 20, 2009 Oh, and incidentally, the next "asshat bubble" is going to be in high yield corp debt It is, and has been, well underway since March Defaults? What defaults? No problem when the market is willing to keep refinancing your debt at a modestly higher rate and extend the maturity. The easy "monster price appreciation gains" of 300-800% have already been made.....but if you were following my posts from many moons ago, you'd be sitting pretty. I know I am. That said....making a 5%, 6% or 7% or more annual coupon is, and is going to continue to be a whole lot more appealing than MMF yields or stock volatility. The next washout in schlocks will move even more money in the direction of corporate (and other) debt....wash rinse and repeat and this asshat bubble will become a monster But then again, WTFDIK? Link to comment Share on other sites More sharing options...
Jimi Posted September 20, 2009 Report Share Posted September 20, 2009 We are in the teeth of a deflationary storm. At the same time, certain asset classes are inflating. That's the way it has been and will continue to be, although I think those classes that will continue to deflate will narrow considerably at some point in 2010. Word. Link to comment Share on other sites More sharing options...
swordfish Posted September 20, 2009 Report Share Posted September 20, 2009 next week http://www.chartsedge.com/images/092009.gif Link to comment Share on other sites More sharing options...
mdporter Posted September 20, 2009 Report Share Posted September 20, 2009 The clunkers program, like the first time buyers $8000 credit, increased the nominal price of these items. Some adjustments to the reported prices are appropriate. Without these props, buyers would not have paid what they paid. They also created artificial volume and artificial shortage which further raised nominal prices. With the clunkers program ended, the volume has collapsed, and the shortages will soon enough turn into surplus again as the supply channels are refilled. We are in the teeth of a deflationary storm. At the same time, certain asset classes are inflating. That's the way it has been and will continue to be, although I think those classes that will continue to deflate will narrow considerably at some point in 2010. Eventually so much demand will have been pulled forward that there will be no present demand, or levels so low that no company can exist on a fraction of their normal sales volume. Link to comment Share on other sites More sharing options...
Trader Joe Posted September 20, 2009 Report Share Posted September 20, 2009 Eventually so much demand will have been pulled forward that there will be no present demand, or levels so low that no company can exist on a fraction of their normal sales volume. Re: Auto's ... and for that matter houses.....and...hey why not add to that overpriced designer clothes, jewelry, electronics, etc ... demand will move to a more rational equilibrium as opposed to the friggin bullshit we have witnessed over the past decade where every azzhole in northern NJ had to have a BMW or Mercedes for each member of the family and then replaced each and every one every three years under a new lease For cryin' out loud, when I was growing up in the '70's we used run our sh*t into the ground.....no more shade tree mechanics...the only way a car ever made it to the junk yard was because of an accident that totaled the car On "rare" occasion did a family have the 'jing to buy a new car.....and then everyone would stand around and admire the new baby Link to comment Share on other sites More sharing options...
Trader Joe Posted September 20, 2009 Report Share Posted September 20, 2009 I mentioned it a week or two ago, but I'll say it again, Someone is betting that WFC get's pole-axed in Oct, open interest on the right, strike on the left ____________________________ 21.00 WFCVJ.X 0.10 0.05 0.05 0.10 686 10,465 22.50 WFCVX.X 0.15 0.00 0.10 0.15 2,387 30,613 24.00 FHUVX.X 0.30 0.05 0.25 0.30 9,719 148,488 25.00 FHUVY.X 0.40 0.03 0.35 0.40 7,860 51,037 26.00 FHUVZ.X 0.55 0.00 0.50 0.60 4,366 16,925 27.00 FHUVA.X 0.85 0.05 0.80 0.85 48,551 167,080 28.00 FHUVB.X 1.20 0.05 1.15 1.25 5,714 13,219 29.00 FHUVC.X 1.65 0.05 1.65 1.75 1,034 5,775 Link to comment Share on other sites More sharing options...
cwd Posted September 20, 2009 Report Share Posted September 20, 2009 Is this going to hit gold hard on Monday? http://www.news.com.au/perthnow/story/0,21...779-951,00.html THE International Monetary Fund will sell 403.3 tonnes of its gold reserves, worth an estimated $A15 billion, to provide loans to poor countries and shore up its finances. While the fund's executive board said it decided on Friday to sell its stocks in a way that would not disrupt commodity markets, gold prices are expected to be hit hard. Link to comment Share on other sites More sharing options...
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