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#1 DrStool

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Posted 08 September 2009 - 04:20 PM

The market is testing the high, and I'm testing to see if anyone cares.

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#2 Bungster

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Posted 08 September 2009 - 04:30 PM

The market is testing the high, and I'm testing to see if anyone cares.


Bearz?

bear_dead_road.jpg

:o
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#3 Ags Nightmare

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Posted 08 September 2009 - 04:37 PM

...another low volume ramp though it was a little better than some of the last few weeks pathetic showing...still looking for that Wiley Coyote needle top to finish this moronic rally off...the consumer credit numbers are gonna force retailers to drop prices even more for XMAS....This is running on the trapped gas in Whiskey Haines colon....

I'm sure crapvision is dusting these off though...


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#4 ChicagoBear

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Posted 08 September 2009 - 04:48 PM

Another insignificant day. Buyers are weak. I doubt we're about to blast off to new highs, but wtfdik? Anything could happen. Still holding some SDS and QID.

and now for something completely different...
Bravo to the Aussie public school system for saying what needs to be said:


If we don't change our direction, we're likely to end up where we are headed.
It wasn't raining when Noah built the Ark.
"and the vicious cycle will feed on itself in an orgy of cannibalistic self destruction until even the skeletal remains of the system are ground into powder." - Doc, 3/2/09

#5 Jorma

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Posted 08 September 2009 - 04:48 PM

and in other news Samoa switched from right side driving to left.


The change — which was made for economic reasons, to bring the country in line with its neighbors in New Zealand and Australia and so make it easier to import small, fuel-efficient used cars from those countries.

All well and good. They even declared a national holiday, but there's a catch.


" a two-day national holiday and a three-day ban on alcohol sales."

What kind of holiday is that?



http://thelede.blogs...tists-in-samoa/

As to the markets. I still say 11,000 before 8500. As long as there are no alcohol, cocaine or Zoloft sales bans on The Street.

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#6 mdporter

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Posted 08 September 2009 - 04:52 PM

WASHINGTON (Reuters) -- Total U.S. consumer credit fell by a record $21.6 billion in July, Federal Reserve data showed on Tuesday, while June's decline was bigger than previously thought.

July consumer credit outstanding fell at a 10.4% annual rate to $2.47 trillion, suggesting that households were shying away from credit amid rising unemployment.

anal cysts polled by Reuters had forecast consumer credit dropping by $4 billion in July. June's figures were revised to show a $15.5 billion drop, previously reported as a $10.3 billion drop.

Consumer credit has now declined for six consecutive months, the first time this has happened since the period from June 1991 to December 1991.


This is Not a Green Shoot.

Now that the Ditech cash out ream-fi machine has been cash for clunkered, we are seeing the house of card start to fall.

Saw two more homes in my neighborhood get "coming soon" for sale signs on them. Bizarre to see properties coming on the market in the Fall. Either these people MUST sell, or they are attempting to sell at a high price before it isn't possible to do that.

One properly on the market since January at $975,000.00 is now sporting a For Rent sign out in the front. This is the second time that the property has failed to sell. The owner kept it on the market for 9 months each time. That's alot of rental revenue that he won't be getting.
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#7 Trader Joe

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Posted 08 September 2009 - 05:22 PM

"Lost Money" ALERT

Santelli just Skull-f'd Eddie
___________

RICK: "Regarding Inflation and Disinflation, Eddie, if you had $100,000 in a bank account which one would you want?"

EDDIE: (shocked look) "Uh....uh....the answer is obvious Rick.....but what I..." (Rick interrupts)

RICK: "You're not answering the question"

EDDIE: "Everyone knows the answer to that question....but what I am sayin'....."

RICK: "So which is it?"

EDDIE: "Rick, what I am trying to say...ummm....uhhhhhh....."

RICK: "So viewers, if you have a lot of debt then you want inflation.....(Eddie interupts)

EDDIE: "That's what I was sayin' Rick"

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UFB !!!!!

#8 Trader Joe

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Posted 08 September 2009 - 05:27 PM

CNBC Breaking News

Barrick to do $3 billion equity sale to pay-off remaining hedges

To take $5+ billion charge

CNBC starts screaming BULLISH BULLISH BULLISH !!!!

Great for gold !!!!

Great for Barrick !!!

EXTREMELY BULLISH !!!!

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#9 Ags Nightmare

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Posted 08 September 2009 - 05:33 PM

Saw that...he was tying to do a U turn and Santelli wouldn't let him out of the headlock....yeah but Rick I wouldn't have 100k in the bank...I'm a trader...
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#10 DrStool

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Posted 08 September 2009 - 05:41 PM

Hanging in the Balance- Professional Edition


by Lee Adler, Tuesday, September 8, 2009, in Professional Edition, Today's Markets | Permalink |Comments (0) Edit The SPX heads for a test of the recent highs with some key indicators suggesting that the test will fail. On the other hand we have seen sell signals fail to “work” time and again in recent months. That’s how bull markets act. 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.

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#11 shorty

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Posted 08 September 2009 - 06:05 PM

night session gapdown collapse!

S&P futures in freefall crushed two full pernts already

gov't powerless to stop it

no buyers

it's over

run

:ninja:

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#12 Jorma

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Posted 08 September 2009 - 06:17 PM

night session gapdown collapse!

S&P futures in freefall crushed two full pernts already

gov't powerless to stop it

no buyers

it's over

run

:ninja:


You can always count on Shorty for some bear porn.

Attached Images

  • bear_porn.jpg

War is the last great hope of the incompetent to order the unwilling to attempt the impossible.
William Eastlake 'The Bamboo Bed'

Change you can suspend your disbelief in.
Fafblog

 

The Treasury

could burn down

We jammin still

Full Extreme   Ultimate Rejects


#13 Peek Paper

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Posted 08 September 2009 - 06:58 PM

"Lost Money" ALERT

Santelli just Skull-f'd Eddie
___________

RICK: "Regarding Inflation and Disinflation, Eddie, if you had $100,000 in a bank account which one would you want?"

I think the question was "which bank would you want?"

PEEK: "I'll take the one between my mattress and box springs".

ALEX: "Could you put that in the form of a question, please?"

PEEK: "Uh, OK ... what is a fiat sandwich?"
The deeper you dig into a pile of dung, the worse it smells ...

#14 MrHanky

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Posted 08 September 2009 - 07:38 PM

Fixed income now up 25 out of the last 26 trading days......FWIW

Nothing


#15 cwd

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Posted 08 September 2009 - 07:52 PM

I guess the CNBSers are going to need those Dow 10k hats. I wonder where the dollar index will be? :wacko:





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