Dip Buyers Anonymous M2M 9/24/09
#1
Posted 24 September 2009 - 04:18 PM
#2
Posted 24 September 2009 - 04:28 PM
ChickenLittle, on Sep 24 2009, 03:33 PM, said:
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
Posted 24 September 2009 - 04:34 PM
DrStool, on Sep 24 2009, 03:18 PM, said:
You are gonna hafta drop em Larry...
"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
Posted 24 September 2009 - 05:16 PM
Price
Time
Sentiment
Mr. Widget is my Guide http://wallstreetexa...or-day-traders/
#6
Posted 24 September 2009 - 05:35 PM
PyurAureo, on Sep 24 2009, 04:32 PM, said:
I thought that there might be more of this ...
Or this ...
Or at least something like this ...
Now there is.
"Ferdy-bee-bee-dee-ferbs."
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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
Posted 24 September 2009 - 05:59 PM

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
Posted 24 September 2009 - 06:00 PM
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...
#11
Posted 24 September 2009 - 06:41 PM
#12
Posted 24 September 2009 - 06:56 PM
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?
#13
Posted 24 September 2009 - 07:00 PM
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
Posted 24 September 2009 - 07:01 PM
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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