When YELP’s lock up expired, speculators guessed that the shares would drop, in line with other social media disaster who fell victim to a similar fate. But this time, the opposite happened! The stock soared 22%, comically horse raping shorts and sending them sea-worthy inside of “fag-boxes.”
Going into today, we all waited for the mighty Federal Reserve to print more money for us, so that we might enjoy a little unchecked, hedonistic decadence, and prosperity, through never-ending stock market inflation. Those who bet on QE3, did so in gold, silver and other commodities. If QE3 was not enacted, investors knew that gold and silver might plummet lower, amidst crowds of speculators heading for the exits at identical times.
The exact opposite happened!
This isn’t by chance, but by design!
The mythical powers that be are attempting greats feats of magic, right in front of your eyes. Eventually, you will become so disillusioned by non-sensical events, you will simply give up analyzing news, in exchange for VXX like complacency.
Complacency, order and organized chaos is the game plan, gentlemen.
With my money, I remain in a heavy cash position (35%) and have opted to stay that way until next week. I don’t see a sense of urgency to do anything right now. After all, euro-bonds are higher and QE3 is NOT a reality.
So what’s the rush?
21 Responses to Misdirection at its Finest
The V.King PB
Will the link be available through the V.Kingdom here or on the IBC main foyer?
Will it be better than Jif PB?
One must assume vagina king peanut butter to be better than Jif peanut butter.
Titty sprinkles for everyone!
I have been trading for a living for 15 years years now. I have never seen such BULLSHIT in the markets before. I just went through a 20K loss two days ago due to an exercise of options given to the fucking underwriter. When its my fault I call myself on it, in this game you have too. But to lose from a BULLSHIT greed play SUCKS. Thank you for listening.
How about all of the shorts who got flamed due to the erroneous Knight Cap buy programs?
Talk about horseshit
I tell ya, that’s why I don’t short unless its just screaming at me. Even then its a gamble. The game is so different now.
Fly, stop lying, nobody is searching Google for an I bank coin movie. muaahahahaha
They are. They really are!
Give the people what they want!
I will give them a movie, AND MORE.
Obama has got himself in a box. he cant give a full QE3 the last two didn’t work, and if he does it again he will look like the big wasteful spender that he is. IF he doesn’t wall street will make his ass look real fucking bad. hes stuck!
Wall Street will make Obama’s ass look beautiful, no matter what. Because he’s their candidate now– the one who plans to stick with their man, the Bernank.
I’m not so sure about that.
I think Bernake is trying to set the stage for regular and consistent intervention. Rather than a QE 3, a policy that allows for smaller and more frequent intervention. I agree with Obama being the devil we know on wall street. This will turn out to be a landslide reelection.
VLO looks like a nice double top on the daily. It couldn’t move much today. I think its ready to fold
This is definitely one of the best old school jams around and a fittingly celebratory oration for a day when the market lobs a ridiculous hanging curveball up there. Hope you all nailed it.
Perhaps at certain locations WFM should establish a cover charge, to keep the riff raff out. But seriously, if people don’t have the money, just take it over to Shoppers, Target or Winn Dixie, please…
Clam in the Hole!
Gold prices might be more related to the real interest rate rather than inflation, think of gold as a superlong treasury bond. Both treasuries and gold were strongly up yesterday (fears of deflation without QE)