Well fuck me running sideways, racing against a gay giraffe driving an ice cream truck.
China eased bank reserve requirements by 50bps. This will likely toss gasoline onto the bullish fiery fire on Tuesday. However, it’s worth remembering, their fucking requirements are still 20%. In the big scheme of things, this is child’s play.
Nevertheless, I will most likely buy something, immediately, upon the opening of trade on Tuesday.
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I was so surprised to see the RRR cut, last time they did that a lot of Foreign money fled, which does explain now why the CDS rates for China was up over 12% on Friday. This week we are getting Flash PMI data out of China. Bottomline, China can’t afford to buy all the AAPL junk..yet the bulls still push it up. Copper is telling we are done, but nobody cares.
You should just stop. This is getting ridiculous at this point.
Ridculous, just like this rally.
It must be very disheartening to see this grand thesis of yours continuously blow up in your face.
Perhaps it’s built on a house of cards.
Indeud.
Indeud, in response to “bullish,” that is.
http://www.stats.gov.cn/english/newsandcomingevents/t20120209_402782970.htm
Futures trade on Sunday night. We’ll see how the market reacts then.
http://www.stats.gov.cn/english/newsandcomingevents/t20120207_402782211.htm
Goin ALL IN senor Fly???
http://www.chinadaily.com.cn/business/2012-02/17/content_14631470.htm
exthere, The CPI and IP data is rather old news, the shanghai cpi was high last week so therefore I would expect a higher CPI when China post new data. China is having problems but people like Bullish and this market could care less.
Bulls are playing the LTRO/ BoE QE rally..they love QE.
You mad.
Why you mad?
Veggies and pork up basically 25% IN A MONTH! Whao, is that sustainable? (I know in the US that is “non-core”, but I’m sayin’…)
If we are entering a secular bull market then no reasons are needed to explain why the market will continue to move upwards. It will just do what it wants to, and no amount of second guessing or figuring out which conspiracy theory one wants to cling to will matter.
Per Tony @ OEW:
“We continue to label this bull market as a five Primary wave Cycle wave [1]. The last time a Cycle wave [1] occurred in the US stock market was between 1932-1937. Right after the 1929-1932 crash. Thus far, Primary wave I rose from Mar09 at SPX 667 to May11 at SPX 1371. Then Primary wave II unfolded in an elongated flat into the Oct11 low at SPX 1075. We are currently in Primary wave III. Since rising Primary waves divide into five Major waves, as illustrated by the five Major waves of Primary I, we are currently counting Major waves 1 and 2, of Primary III, completed in Oct 11 at SPX 1293 and Nov11 at SPX 1159 respectively. We are currently in Major wave 3.”
http://caldaro.files.wordpress.com/2012/02/spxweekly.png
“The current uptrend, which started in November at SPX 1159, we have been counting as Intermediate wave i of Major wave 3. Every rising Major wave, during a bull market, divides into five Intermediate waves. Thus far we can count five Minor waves up from that low as noted on the daily chart. While Minor wave 4 looks small in comparison to Minor wave 2. That pullback was the second largest of the entire uptrend. Minor waves, of course, are the subdivision of Intermediate waves.”
“After the Minor wave 4 low at SPX 1300, we calculated some fibonacci relationships for the waves within this uptrend, and arrived with the following: at SPX 1367 Minor 5 = 0.618 Minor 1, at SPX 1381 Minor 5 = 0.618 Minor 3, at SPX 1408 Minor 5 = Minor 1 and 0.618 Minor waves 1 – 3, and at SPX 1432 Minor 5 = Minor 3. Also, this uptrend equals the Major wave 1 uptrend at SPX 1377. Since the three lower figures fell within our 1361, 1372 and 1386 pivot range we considered this zone to be significant resistance for this uptrend. Should the market clear it, then we would be looking at SPX 1408 and then the OEW 1440 pivot. However, we are seeing a negative divergence starting to unfold on the daily charts. This usually occurs as uptrend tops unfold.”
“After the Minor wave 4 low at SPX 1300, we calculated some fibonacci relationships for the waves within this uptrend, and arrived with the following: at SPX 1367 Minor 5 = 0.618 Minor 1, at SPX 1381 Minor 5 = 0.618 Minor 3, at SPX 1408 Minor 5 = Minor 1 and 0.618 Minor waves 1 – 3, and at SPX 1432 Minor 5 = Minor 3. Also, this uptrend equals the Major wave 1 uptrend at SPX 1377. Since the three lower figures fell within our 1361, 1372 and 1386 pivot range we considered this zone to be significant resistance for this uptrend. Should the market clear it, then we would be looking at SPX 1408 and then the OEW 1440 pivot. However, we are seeing a negative divergence starting to unfold on the daily charts. This usually occurs as uptrend tops unfold.”
CYCLE -1
PRIMARY – Wave III
MAJOR – Wave 3
INTERMEDIATE –Wave i
MINOR – Wave 5
MINUTE – Wave v
MICRO – wave 3 (might be c wave)
Minute iii was 1307-1354, so Minute v can not be higher than 1384, (1337+47).
Note: The end of minor v will complete intermediate I … most corrections, during the entire bull market, have been around 100 points, so intermediate II should be short and sweet. Then intermediate III is expected to be the longest wave of the five comprising Major Wave3.
Oil is at 104, next stop 110
The USA is drowning in oil.
We’ve got gas too. Two many beans and no beano I guess.
Yes, the USA is drowning in oil. But the market will bear price increases, so the market will get them.
There’s a sucker born every minute. And the more money that sucker has, the higher prices will be– even for items that everyone is drowning in. At least this will be so, when the sellers have the power to broadcast stories about shortages 24/7.
Many suckers are bright but vulnerable to believing bs stories, because they are pre-occupied with their career success or other matters. Career success is great– but it doesn’t guarantee that you know shit about anything outside of your career.
Don’t do it fly. Don’t do it.
Greece is going to default, China is easing because the damage there is worse than it looks, the EZ is in a recession, and Japan is hurting.
Wait for a selloff, and then get long for QE3.
cpst, lost 20 large on that co, seems they said they had a deal with walmart, but didnt. even cramer got suckered. that was a few years ago. i dont believe a lepard can change his spots? so why play with shit? good mgt? great no.s? bullshit. 6000 stocks why this one? i wait ur response
It’s a turn around story and it will take awhile.
I have time.
WPRT +63% SINCE NOV…..
It’s over 100% since August.
the bullish sentiment on this site just hit an all time high I believe…
Early Spring, stores already displaying Gardening items. Billboards in Ohio advertising seed, fertilizer etc etc. so far these tickers are still low.
So what if there is a late frost down the road…more seed. Bumper crops at seasons end most likely.
just an idea
Thank god I dropped my tvix hedge into the weekend. Fly, you getting plastered in Epcot? I certainly am 🙂
Going tomorrow. See me at the Waldorf 🙂
Japan, China to Help Europe Solve Crisis Via IMF. Now Japan is getting in the act to evert a Greek default. What the hell can Japan accomplish except stop the Euro crash that will surely crash them. I am just frozen in my chair seeing all this crap.
“racing against a gay giraffe driving an ice cream truck.” — This scenario has too end badly, just like in the cartoons. On what starts out as a good day, a slippery slope in the Euromess amplified by the HFTs will ruin that planned trade, “full in full out”, screwing up that easy 10/10 “double helicopter” and ending up as a 0/10 “back flop”
Flushed out of the tall grass by a fire breathing Chinese dragon.
Did the safari bus tour of Nairobi National Park on Saturday. None of them giraffes was driving an ice cream truck. There was a water buffalo looking at us kind of funny like though.
My friends at the Miami Intl. Boat-Show reported RECORD business and activity. They stopped in at the operator’s booth and asked about attendance. They got % growth figures from 2011’s show and were even told it was close to the all time record attendance from the 2005 show. If people are flocking once again to the largest boat show in North America to purchase a boat (ultimate discretionary spending!), things really are looking up.