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Hi. My name is Larry and I'm a crackhead, er... uh... I mean... dip buyer. Yeah, that's it.
Dip Buyers Anonymous M2M 9/24/09
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#2
DrStool 
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Posted 24 September 2009 - 04:28 PM
ChickenLittle, on Sep 24 2009, 03:33 PM, said:
A lot of the better quality MMFs have a good bit of T-Bills. Maybe the Fed wants to reverse-repo the crap to the MMFs at a slightly higher yield than T-Bills. So the MMFs dump tbills and buy Fed crap. FCBs will happily buy the Tbills from MMFs. Banks will buy longer term Treasuries. Some plan like that afoot?
I don't understand your reasoning. Are you suggesting that the Fed would default? If the MMfs are taking MBS collateral for a guaranteed loan to the Fed, where's the risk? Why would they buy more MBS?
#3
Bungster
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Posted 24 September 2009 - 04:34 PM
DrStool, on Sep 24 2009, 03:18 PM, said:
Hi. My name is Larry and I'm a crackhead, er... uh... I mean... dip buyer. Yeah, that's it.
You are gonna hafta drop em Larry...
"It's tough to make predictions, especially about the future" Yogi Berra
"If you believe people are rational beings, you will go through life frustrated and confused" Scott Adams
"Don't dig the dialog of denial"
“No, I don't know that atheists should be considered as citizens, nor should they be considered as patriots. This is one nation under God.” George W. Bush
"If you believe people are rational beings, you will go through life frustrated and confused" Scott Adams
"Don't dig the dialog of denial"
“No, I don't know that atheists should be considered as citizens, nor should they be considered as patriots. This is one nation under God.” George W. Bush
#4
Charmin
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Posted 24 September 2009 - 05:16 PM
If the Fed truly changed the hedge fund sentiment with that "kick the can farther down the road" statement yesterday, then I'd be a little wary of "Larry the dipster" now.
Price
Time
Sentiment
Price
Time
Sentiment
Cycles + Wyckoff + NTM = TechnoPile
Mr. Widget is my Guide http://wallstreetexa...or-day-traders/
Mr. Widget is my Guide http://wallstreetexa...or-day-traders/
#6
Jimi
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Posted 24 September 2009 - 05:35 PM
PyurAureo, on Sep 24 2009, 04:32 PM, said:
Quiet afternoon in M2M ...
I thought that there might be more of this ...
Bear__Gr..._Largely.jpg
Or this ...
Bear__Da...t_Corner.gif
Or at least something like this ...
Absolut_BullShit.jpg
I thought that there might be more of this ...
Bear__Gr..._Largely.jpg Or this ...
Bear__Da...t_Corner.gif Or at least something like this ...
Absolut_BullShit.jpgNow there is.
Sure glad all my albums went GOLD.
"Ferdy-bee-bee-dee-ferbs."
Subscribe & Earn Karma Miles with Every Visit!
Rule #5 Professional Exemption.
Blind Follower, Just Think Positive Hyperinflation, I Get Paid 500 Quadrillion Dollars/Hour at 1000% Interest/Hour Compounding Forever Each Mouse Click Religion.
"I too observe 'flation.'"
I love you, TASR!
YOU MAKE KITTY SCARED
Tops Take Time
Postulate A Free Lunch Economy
Anyone, now, who is not genuinely afraid is a moran.
[T]housands of empty stucco crapboxes vacated after being circle-jerk sham-traded among corrupt borkers, uppraisers and loan officers from 100K up to 800K, then "nopay-walkaway" (with dirty loan cash in pockets)
Guess again, girlfriend.
Or, $2.7 million every effing day since the effing pinball machine.
Permabear Hysterian
"Ferdy-bee-bee-dee-ferbs."
Subscribe & Earn Karma Miles with Every Visit!
Rule #5 Professional Exemption.
Blind Follower, Just Think Positive Hyperinflation, I Get Paid 500 Quadrillion Dollars/Hour at 1000% Interest/Hour Compounding Forever Each Mouse Click Religion.
"I too observe 'flation.'"
I love you, TASR!
YOU MAKE KITTY SCARED
Tops Take Time
Postulate A Free Lunch Economy
Anyone, now, who is not genuinely afraid is a moran.
[T]housands of empty stucco crapboxes vacated after being circle-jerk sham-traded among corrupt borkers, uppraisers and loan officers from 100K up to 800K, then "nopay-walkaway" (with dirty loan cash in pockets)
Guess again, girlfriend.
Or, $2.7 million every effing day since the effing pinball machine.
Permabear Hysterian
#8
Slappy
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Posted 24 September 2009 - 05:59 PM
Man, this arvo I was almost shook out of a bit of QID that I picked up on Monday but I chose not to chase it. As of this evening, I'm lookin' like a real genius..
Right now, I have almost no confidence in the overall market direction. It looks like a clean and greasy slide down from here, but Crapvision has turned disturbingly bearish. I'm playing it touch and go ....
Best of luck to all...
Right now, I have almost no confidence in the overall market direction. It looks like a clean and greasy slide down from here, but Crapvision has turned disturbingly bearish. I'm playing it touch and go ....
Best of luck to all...
#9
Ags Nightmare
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Posted 24 September 2009 - 06:00 PM
Cramit spent the first half hour of Burnt Money on his smart phone internet tsunami play"...Apple..RIMM. and Palm last night.......
Wonder what today's excuse will be..though he did say.."you better "hope" RIMM goes down"......sure....what person goes home "hoping to get a 12 dollar haircut after hours....their Q and conference call smells ....
got called in to teach again today and held shorts I likely would have pitched early and lucked out. One of them was AEM . I know a lot are gold bugs here but when physical gold hit 1020 and stocks were lagging their peaks from the past two run's it was a technical play. Something didn't feel right.
I think being short will be right for a few more days....don't know what it was about last Thursday that got me bearish but after a few more days of pigmen flipping mass quantities of "price targets" at the masses every morning it reeked of a top....
The crooks did a wonderful job of disguising a lot of damage today...
Wonder what today's excuse will be..though he did say.."you better "hope" RIMM goes down"......sure....what person goes home "hoping to get a 12 dollar haircut after hours....their Q and conference call smells ....
got called in to teach again today and held shorts I likely would have pitched early and lucked out. One of them was AEM . I know a lot are gold bugs here but when physical gold hit 1020 and stocks were lagging their peaks from the past two run's it was a technical play. Something didn't feel right.
I think being short will be right for a few more days....don't know what it was about last Thursday that got me bearish but after a few more days of pigmen flipping mass quantities of "price targets" at the masses every morning it reeked of a top....
The crooks did a wonderful job of disguising a lot of damage today...
"I went out and bought an Apple Computer; it had a worm in it"....."When I was born, I was so ugly that the doctor slapped my mother"....'I played hide and seek; they wouldn't even look for me.'- Rodney Dangerfield
#10
Trader Joe
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Posted 24 September 2009 - 06:25 PM
DrStool, on Sep 24 2009, 03:18 PM, said:
Hi. My name is Larry and I'm a crackhead, er... uh... I mean... dip buyer. Yeah, that's it.
Oh Jesus Christ, here we go again......sounds like January 2009 all over again.....
#11
K Wave Rider
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Posted 24 September 2009 - 06:41 PM
As pretty much expected yesterday, Summations did indeed rollover today, after building multi-month wedgies...the momo should be officially gone now. The question is does price have one last gasp in the tank.
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Life on the edge, my friends. I wouldn't have it any other way!
#12
K Wave Rider
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Posted 24 September 2009 - 06:56 PM
4Q right up into what should be major resistance, am expecting retrace at least to first support area, and if the 72 MA gives way, very likely we will eventually see 200 MA.
Should we get down to that 200 MA, and then it fails to hold after a bounce, then some serious longer term S could hit the fan. In the mean time, as long as we hold the 200 MA, this could drag out for quite some time. See the weekly comparison of the Dow 29 bubble and aftermath compared to weekly NDX...pretty spooky echo pattern so far...are we at the '38 top?
Should we get down to that 200 MA, and then it fails to hold after a bounce, then some serious longer term S could hit the fan. In the mean time, as long as we hold the 200 MA, this could drag out for quite some time. See the weekly comparison of the Dow 29 bubble and aftermath compared to weekly NDX...pretty spooky echo pattern so far...are we at the '38 top?
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Life on the edge, my friends. I wouldn't have it any other way!
#13
Hausbare
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Posted 24 September 2009 - 07:00 PM
Just a few thoughts.
Last night was a better than usual opportunity to check out the Wall St ivory tower mentality
vis a vis the Kudlow show. I thought for sure they would discuss what seemed the only rational
conclusion after decoding the Fed announcement yesterday: Mission Accomplished, we defeated the
Near-Depression, the Economy is Stable and Growing, you're soon to be own your own without a net.
But lo and behold, not one of the 4 panelists had A CLUE as to why Mr Market did a 170 point reversal late in the trading
day after aligning for themselves the Fed tea leaves. From this, I'm thinking the Elite (and long investors)
seem to believe their Uncle Sam will be there and provide all, including success in the stock market.
Helo Ben's primary secret mission -- NOT to have the economy devolve into his lifetime nemesis The Great Depression
Redux -- has vindicated himself, and will hence forth appear with in a comander's jacket, epaulettes and a flourish of
decorations on his lapels. He is thinking of borrowing Bush's "Mission Accomplished" banner, but instead will likely opt
for something more glorious: "WE SAVED THE WORLD!"
So he is off the hook, and if the US economy, drunken crackhead that it is, falls off its wagon again, then it won't be his fault.
Meanwhile, politically and perhaps in real terms, Ben faces another nemesis -- his own dang self!
So busy was he, to avoid the Great Depression, he's now facing the prospect of going down in history instead, as the
only Fed Head in history to SLAY THE DOLLAR!
A warning shot was fired across Admiral Bernanke's bow today by the Chinese and other Asians threatening a new world
reserve currency due to Bernanke's drunken crackhead dollar debasing depravity.
What's a Fed Head to do!?!?!?
Its becoming quickly apparent that Admiral Bernanke cannot save everyone.
Last night was a better than usual opportunity to check out the Wall St ivory tower mentality
vis a vis the Kudlow show. I thought for sure they would discuss what seemed the only rational
conclusion after decoding the Fed announcement yesterday: Mission Accomplished, we defeated the
Near-Depression, the Economy is Stable and Growing, you're soon to be own your own without a net.
But lo and behold, not one of the 4 panelists had A CLUE as to why Mr Market did a 170 point reversal late in the trading
day after aligning for themselves the Fed tea leaves. From this, I'm thinking the Elite (and long investors)
seem to believe their Uncle Sam will be there and provide all, including success in the stock market.
Helo Ben's primary secret mission -- NOT to have the economy devolve into his lifetime nemesis The Great Depression
Redux -- has vindicated himself, and will hence forth appear with in a comander's jacket, epaulettes and a flourish of
decorations on his lapels. He is thinking of borrowing Bush's "Mission Accomplished" banner, but instead will likely opt
for something more glorious: "WE SAVED THE WORLD!"
So he is off the hook, and if the US economy, drunken crackhead that it is, falls off its wagon again, then it won't be his fault.
Meanwhile, politically and perhaps in real terms, Ben faces another nemesis -- his own dang self!
So busy was he, to avoid the Great Depression, he's now facing the prospect of going down in history instead, as the
only Fed Head in history to SLAY THE DOLLAR!
A warning shot was fired across Admiral Bernanke's bow today by the Chinese and other Asians threatening a new world
reserve currency due to Bernanke's drunken crackhead dollar debasing depravity.
What's a Fed Head to do!?!?!?
Its becoming quickly apparent that Admiral Bernanke cannot save everyone.
#14
Sudaca
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Posted 24 September 2009 - 07:01 PM
KWave, the Summation Index diverged for an entire year before the SPX finally rolled over.
Not saying it's gonna happen this time, though. But considering Breadth is still also rising, I wouldn't be surprised to see higher highs after a dip.
Not a prediction. Have to take it day by day.
Not saying it's gonna happen this time, though. But considering Breadth is still also rising, I wouldn't be surprised to see higher highs after a dip.
Not a prediction. Have to take it day by day.
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Thanks, David
