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#271 I_Am_Madness

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Posted 12 August 2007 - 09:15 PM

YM Futures up over 100 from friday's close...
If Europe joins in on the fun we might see a 200+ point gap up at the open.
Stop the Madness

#272 beardrech

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Posted 12 August 2007 - 09:22 PM

A recipe for what? Disaster? Happy times?

Hundreds of billions of dollars pouring in...a flat friday-

A week or so away from Hedgetarian spring break: investors set free
so
In anticipatiion of investor emancipation Hedgetarians begin building cash reserve

Only quality goods will get a bid-

Hedgetarians compelled to hold sale; No $$$ down and price is $$00.00

Unlike a sale between Balance sheet asset holders and those having savings we have a daisy chain of super-leveraged debtors---A owes B who owes C who ows D

Instead of this circle jerk leveling out and becoming self cancelling as they go rolling along one of the links forfeits--so their momentary commercial merriment becomes tunefully stated,"if one of these bottles of beer should happen to fall not one in the circle will get anything at all".....

Meanwhile prop desk Zombies treating their fones as if Oncogenic plastic will stop answering fones offering toxic waste for sale--havinng received instructions "Dont buy anything,Not at any price,Only Sell. Sell ,Sell".....

Meanwhile Stuttering Hank on Big screen TV, his apoplectic face purple with rage, shoutinnng "Buy or Die".....

China immediately announces that it will accept 200 million tons of the world's laundry.....and accepts FDA demands that all of its food products are to be labled, saying: This product laced with radically digestible arsenic.....and as a sop to nations suffering from petro-famine will begin exporting schwinn bicycles made with tires not needed on over-inventoried automobiles...

A bank holiday is declared and a new currrency will be established :one dollar bank note for $5000 of yours....American Gendermerie fires shots n the air scattering innocent citizenry, then fixes bayonets and charges crowds of indignant citizens demanding a fair shake.

beardrech :ph34r: :ph34r: Going out of business sign goes up at white house

#273 Cassiopeia

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Posted 12 August 2007 - 09:39 PM

SnPee Future looking shortable here.

#274 Brisbane Bear

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Posted 12 August 2007 - 09:42 PM

Think Brisy went long the close on the AllOrbs Friday.

Nice trade so far. Orbs up 1%+ 30 minutes into trading.

G'day Al,

I don't know if its worth the stress if truth be told.

The idea to buy when fear is high sounds easy in theory,but it is very stressful.

:mellow: :mellow:

not complaining about the result,just the toll it takes... :ph34r: :ph34r:

#275 I_Am_Madness

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Posted 12 August 2007 - 10:01 PM

Wrong way Carl remains fully boolish.

http://carlfutia.blogspot.com/

He is using recent bearish articles as a contrary opinion trading tool.
Maybe someone should send him YAHOO's latest poll.

Out of 300K votes, 88% of the general public believe it's a time to buy or hold stocks.
Only 12% recommend sell. That's quite boolish despite all the bad news in this market.
Stop the Madness

#276 LeeWhee

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Posted 12 August 2007 - 10:34 PM

Wrong way Carl remains fully boolish.

http://carlfutia.blogspot.com/

He is using recent bearish articles as a contrary opinion trading tool.
Maybe someone should send him YAHOO's latest poll.

Out of 300K votes, 88% of the general public believe it's a time to buy or hold stocks.
Only 12% recommend sell.† That's quite boolish despite all the bad news in this market.

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Carl's a funnee fella.

He's been banging the "magazine cover indicator" drum for months and months. For some reason, he thinks that every time a negative economic story makes the front page of the NYT it is some kind of instant "contrary" indicator.

As a former magazine publisher and newspaper guy, I have a pretty good nose for when a story is of the "closing the barn door after the cows have left" variety. Just like when CrapVision started running tutorials on how to short the market in September 2002, that was a pretty good clue that the days of "short and hold" were coming to a close.

Running a front-page story on the "credit crunch" the day after the Euro CB and Fed dump the biggest combined repo in history is what us folks in the business used to call "news".

Now if Faux News actually starts running "head for the hills"-type stories, THAT would be a contrary indicator.
"I'm not a real estate bum. I wear diamonds and Rolexes. I'm a classy Realtorô."--- Liz "Flaming Orange" Seither, Clearwater, FL, who owes lenders millions of dollars in debts.

"Men do not desire to be rich, but to be richer than other men."---John Stuart Mill (1806-1873)

"When the music stops, things will be complicated. But as long as the music is playing, you've got to get up and dance. We're still dancing..."---Citigroup CEO Chucky "Master of Timing" Prince, 7/9/07

"Wall Street is a graveyard of geniuses."---Chriss Street, Treasurer, Orange County, CA, 7/27/07

"It was never my thinking that made big money for me. It was my sitting. Men who can be both right and sit tight are uncommon. I found it one of the hardest things to learn."---Jesse Livermore

"You can kill a sheep just once, but you can fleece him 100 times."---Jeff Macke

"Stocks are no longer the weather glass of fortune, but a part of the mask employed to disguise the nation's own face to itself." ---Horace Walpole, 1782

#277 4shzl

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Posted 12 August 2007 - 10:34 PM

Globex really is meaningless, imo. E.G., YM: 1 contract bid at 13310 and 1 contract offered at 13315 -- gimme a break. SnPee not much better. I'll stick to drinking tonight. :P
The problem with Californians is that they think that death is optional. -- Aldous Huxley

The folly of mistaking a paradox for a discovery, a metaphor for a proof, a torrent of verbiage for a spring of capital truths, and oneself for an oracle, is inborn in us. -- Paul Valéry

#278 LeeWhee

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Posted 12 August 2007 - 10:36 PM

YM Futures up over 100 from friday's close...
If Europe joins in on the fun we might see a 200+ point gap up at the open.

View Post


There's plenty of retracement room available to the crooks before they actually have to commit to a direction here.

Last I checked, it's ScamWeek.
"I'm not a real estate bum. I wear diamonds and Rolexes. I'm a classy Realtorô."--- Liz "Flaming Orange" Seither, Clearwater, FL, who owes lenders millions of dollars in debts.

"Men do not desire to be rich, but to be richer than other men."---John Stuart Mill (1806-1873)

"When the music stops, things will be complicated. But as long as the music is playing, you've got to get up and dance. We're still dancing..."---Citigroup CEO Chucky "Master of Timing" Prince, 7/9/07

"Wall Street is a graveyard of geniuses."---Chriss Street, Treasurer, Orange County, CA, 7/27/07

"It was never my thinking that made big money for me. It was my sitting. Men who can be both right and sit tight are uncommon. I found it one of the hardest things to learn."---Jesse Livermore

"You can kill a sheep just once, but you can fleece him 100 times."---Jeff Macke

"Stocks are no longer the weather glass of fortune, but a part of the mask employed to disguise the nation's own face to itself." ---Horace Walpole, 1782

#279 Cassiopeia

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Posted 12 August 2007 - 11:01 PM

All ams sayin is it was at shortable levels. Projections are strong for a high put in already tonight and down from there.

Scooby snacks.

#280 4shzl

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Posted 12 August 2007 - 11:10 PM

All ams sayin is it was at shortable levels.  Projections are strong for a high put in already tonight and down from there.

Scooby snacks.

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You and Madness are great scalpers and maybe one day I'll figure how you do it. :huh: But in the meantime, I'll stay on the sidelines when they're trading onesies and twosies. That kind of illiquidity reminds me too much of real estate. :D
The problem with Californians is that they think that death is optional. -- Aldous Huxley

The folly of mistaking a paradox for a discovery, a metaphor for a proof, a torrent of verbiage for a spring of capital truths, and oneself for an oracle, is inborn in us. -- Paul Valéry

#281 DrStool

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Posted 12 August 2007 - 11:43 PM

Not on this board, folks. Sorry. If we lose our ad server, that's it.

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Jimi's label felt similarly, Doc.
They pulled it, too.

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That was not porno - that was art. I was the original cover from Electric Ladyland. One of only 5,000 copies printed before the Limies banned it in their stores.
By today's standards it would probably be acceptable.
Sorry, though, it has nothing to do with the markets. I just thought Jimi might appreciate it.

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The ad brokerage contract prohibits nudity. Porn is in the eye of the beholder.


Another Leavett Brothers Chartspeak Video. This week they make the case for a market bottom:
http://www.screencas...c3-a7671c79fd0d

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Bool market indicator parameters don't work in a bear market.

That's how you know it's a bear market.

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#282 FauxCaster

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Posted 12 August 2007 - 11:46 PM



The couple took $450k out of the house and had no money. They couldn't cover $13k in back mortgage payments. but they did "buy" another house in Texas somehow. Amazing.

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Is this a great country or not? Walk out on 450k debt and someone just gives them a couple hundred thousand more. :lol:

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Aren't THEY a great bunch of countries - you mean! Without the foreign appetite for American toxic loans magically collateralized by pixie dust, none of this would have happened. The US conned the world, and I can't believe there won't be political repercussions. I doubt it will happen, but it's certainly justified if London returns as the true financial center of the world for the next century.
"WE ARE BEING KEPT ALIVE by the Entropic movement of Dark Matter(Sino-Nippo-dollar purchasing of $UST)---as soon as there is a ringing sound,a sign of an clogged artriosclerotic wormhole on the emergency fiat-meter it will end--dynamic equilibrium,will have been achieved;better known as death" -- beardrech (Mar 15 2006, 01:17 AM)

"There's a good chance he was drunk or drugged. Only an idiot would jump into the bear cage." -- Belgrade Zoo Director Vuk Bojovic (August 20, 2007).

It's like you're dreamin' about Gorgonzola cheese when it's clearly Brie time, baby. -- Hitchhiker (S.A.M. 1998)

Mar 28 2003: July 2003 is the time I have identified as the low of the bear move...then the first leg of the bear is over ...many will be caught by surprise to see the market near it's all time high again within 3-4 years [2007] ..."depression" similar to 1932 doesn't come until 2010. -- blackbelt (Mar 28 2003, 10:05 PM)

#283 beardrech

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Posted 13 August 2007 - 12:21 AM

Dok has a core belief wrapped up in a slogan:We dont know and neither do they..

To those of us perceiving this as a jesting remark not to be taken seriously please disabuse yourself of this dangerous nonchalance

Because the the truth of the matter, horrifying as it may sound, is that they (PTB) have no idea if what they are currently doing will have any long range efficacity at all..

Their ignorance has been proven over and over again espcially from the beginning of Greenpahn era till now...One after another earthquakes have occured seriatim,each time saved by the enormous prestige of Americas military might and economic past...

And people have been hypnotised into thinking that each succesful maneuvre was a QED of america's unending might....When,indeed, they should have interpreted them as being examples of the cures that were worse than the disease...

Now even the most modest brain can see we are in deep trouble..and without a countervailing economic principle they live on mere Hope alone...

If we were led by honest ministries they would accept their fate as failing interventionists and throw our economy on the mercy of common sense, promising that no one would starve, but that the hedonic mechanisms of the recent past were no longer operative, and that a more modest exsistence was in the offing.

Our predictions of what they are going to do now for outcomes in the distant future would be hilarious if not so tragic...

One does not need a PHD in economics to see the dangerous to and froeing...And if they've made a dangerus error compelling all of Europe to ally itself with us in meliorating the rolling disaster why in the hell should we beiieve in their curative powers now..????

Why not see them as compounding their already proven ignorance with even deeper servings of ignorance...Why attribute powers to them that are no longer there--for if we do, its no more than our ignorance giving them the Lady's Home Companion seal of approval, an imprimatur, without papal power....

beardrech :ph34r: :ph34r: We are, believe it or not ,essentialy out of control, and are headed in directions uncharted--

#284 Jimi

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Posted 13 August 2007 - 12:48 AM

headline of germany's "Spiegel-online" ("Der Spiegel" is like Time magazine) today:

FEAR OF A BLACK MONDAY

(espacially for Jimi and beardrech: Angst vor dem schwarzen Montag)

:ph34r:

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Probably a good indication that we won't be heading lower next week.

Ideally, I'd like to see "Der Spiegel" run a headline in two weeks: "Is the Worst Over?" or "Is the bool Back?".

Or something like that.

Would also love to see the Q-balls tag long-term target around 51-52 while the SPX fails at 1532ish.

A higher high on the Q-balls would get the girlyboolz drooling. But a lower low on the Spoozer would mean only one thing: bear fiesta.

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:huh:

"Is the worst over?"

:huh:

I don't think the psychology of Germans provides for the linguistic construction of such a sentiment.

:lol: :lol: :lol:

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How about "Ist das wurst uber?"

Loosely translated: "Was that it or are we gonna have more of this baloney?"

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:lol: :lol: :lol:
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#285 alceringa

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Posted 13 August 2007 - 01:44 AM

Just ran across this. Not sure if others have seen it.

The banksters find yet another way to trade against their biggest customers.............

A consortium of the nation's leading investment banks have quietly created an index that is not only protecting them against the recent market meltdown but also promising to make them bundles of money in the process.

The index, known as LCDX, was created just weeks before the meltdown began by shrewd financial operatives like JPMorgan Chase and Goldman Sachs, which suspected trouble was brewing in the leveraged loan market and needed a way to protect themselves and their hedge fund clients.

This was just-in-time financial engineering. On May 23, LCDX, a credit derivatives contract covering the potential default of 100 large corporate names, made its debut at 100.5. Rising interest rates, widespread fear about the fallout from the subprime mortgage fiasco, and an overhang of $250 billion in private equity loans that had to be refinanced triggered a vicious tumble in the stock market.

By late June, as fears about the extent of the subprime mortgage fiasco spread, the LCDX began to weaken, and those who'd shorted it began making money. Hedge funds loaded to the gills with leveraged buyout loans saw it as a way of hedging their positions, as the cash market in those loans was relatively illiquid.

Goldman Sachs has hedged a large percentage of its $72 billion in obligations, including private equity commitments. Bear Stearns reported last Friday it was "making money on hedges related to some large leveraged buyout loans ... or has been selling at lower prices than anticipated."

The leveraged loan market is not the only sector of the fixed-income market where the investment banks shrewdly created an index that would help them hedge against one of their most profitable but risky businesses--the issuance of asset-backed securities like the mortgage bonds used to finance the subprime housing market.

In early 2006 a small number of firms led by Deutsche Bank, Barclays, Bear Stearns and Goldman Sachs formed the ABX index (a credit default swap of asset-backed mortgages) of 30 most liquid mortgage-backed bonds. The savviest players like Deutsche Bank (which reportedly made $250 million) and several hedge funds on both sides of the Atlantic began shorting that ABX index in early 2006 at par. It now sells at 35, implying that the value of those mortgage-backed bonds and others of their ilk have lost 65% of their value, a potential loss in the tens of billions of dollars. Which means, of course, that smart money's made up to 65% on this one trade.



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