What we have here is a chimerical concoction of deadly ingredients, wreaking havoc with the minds of cocaine addled money managers. They look at negative yields and think “what the fuck?” Then they look at oil collapsing and do a few lines of blow, tweaked out and losing money. Paranoid as shit, these coxcombs are now frantically selling shit twice, thinking about their $20,000 monthly mortgage and “nut” that makes middled class people want to throw pitched forks through the heads of every single trader on Wall Street.
This is the ultimate game of fear and greed and now there are a lot of greedy fuckers betting on final collapse, clamoring for starvation and homeless children forced into work camps by government overlords. Mad Maxx is coming and he’s pissed off.
Then again, markets are within an ear shot of 52 week highs. Gents are generally rich as fuck, discussing underwear on first rate financial blogs for reasons unbeknownst to me. Take that shit to other blogs that like to talk about bacon drenched in butter. Oh that’s right, you can’t.
HERETO: The PPT flags oversold tonight. Prepare for immediate melt up, bozo.
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FIG
long undergarments
the meundies site is cool, thanks whomever posted that.
you’re welcome
I can see the future. 1996.
1996 is too high. I am rooting for 996.
What momentous headline can we expect to cross the wires to trigger the next melt up?
“The Upside To Deflation” http://www.investopedia.com/articles/economics/09/upside-or-deflation.asp
Free gasoline and corn, cheap foreign travel and land cuz other currencies are going to zero (or zUSD’s – pronounced Zeus’ed, – herein coined and trademarked), and motel maids for all. Deflation is great.
Tomorrow we gap down at the open only to rally hard and set bears on fire.
I enjoyed Bernstein to a much higher degree.
Not that my opinion matters to anyone here but you must admit the 7th of Ludwig is a stellar composition. Especially for a composer who was mostly deaf when he wrote it.
On another note………..pun intended…….
Who is calling a bottom in oily stocks? Are we there yet? Anyone prognosticating a rapid and substantial bounce?
NAW
+2
That last blog post had arguably the greatest comment sections on your blog in the past few months…
It was phenomenal
I foresee more back and fill. I awaiting the runs on stops.
This is the final do-si-do gentlemen…they are setting every one of you up to “buy the dip”, and buy it you will….and then they shall rip yourn very BALLS off at the roots, smashing them with a steel anvil before tossing them into an incinerating fire.
and then….AND THEN….we will really start going down…properly.
So god speed and good luck on your purchases tomorrow….im sure it will be no problem, after all — buying the dip has worked 20 times in a row, why not 21?
Wtf are you talking about? The Eurotrash QE does not start til March, supposedly. Every Clam QE announcement was preceded by a dump of about 5%. Granted Greece is burning to the fucking ground along with 90% of Team America Capex and Ukraine looks like a world war set up while Granny fakes raising rates etc etc .Then you wake up from the dream and realize it is still rigged. Buy the dumps sell the pumps. The hillbilly index trade is dead but the game will never die.
QE is effective but it cannot overcome everything.
However, if GRAMMA “grannyclams” YELLEN ANNOUNCES “QE FO-EVA” I am back in with a vengeance.
excuse my ignorance but what is the hillbilly index trade anyway….sounds like i missed out
“Aw Shucks” “More buyers than sellers” Talking head mummy.
You really think the game will never die? Central bankers produced 2007 housing 2008 lehman (??) Now we have 3 sets of central bankers plugging the holes in boats that keep tipping and bobbing?
They know [they] the minute they lose the stock market it’s over. The avg joe confidence erosion from 15% correction or more will spiral. So many factors that remain intact with a perpetual rise will be blown. They know. The oil (and now copper) drop is the bear’s yellow brick rd
Fly,
“…oh wait, you can’t”
ROFL WELL DONE goddamn masterful (I see what you did there).
Evening Le Fly. So today S&P 500 lost another -1%. Back to back days. Happens about 1-2 times a year. My oversold indicator that correlates well to PPT is at 33, need to see hit 30. So I am with you on the bounce. Here is a great quote for you: Luke Skywalker: “I can’t believe it.” Yoda: “That is why you fail”.
Here’s something to consider, context / data wise:
The following chart (linked below) shows the percentage of stocks above the 20 day MA (high and low) and 100 day MA for the SP100 (largest caps), NQ100 (Largest Tech), and R1K (Largest 1000 co’s) respectively.
Super Awesome Multi-Industry Breadth Chart, Click or Die Alone
what I find noticeable, is that this is basically the fourth oversold reading in six weeks and this is a huge increase in the “amount of oversold signals” relative to the last 16 months.
If you scroll back, this is more noticeable.
36 Month View Ya’heard
Conclusion: Still a bull in a bull market in accordance with macro trend and price trend, but market may get river twiced (extra Karabell) for the next few weeks.
SC – I see what you’re saying. Much appreciated.
Isn’t a market top supposed to be euphoric with everyone saying the market is never going down? The general tone feels on the border of bearish to apocolyptic. Doesn’t feel like a market top yet….
Just spent a couple hours in my time maschine and this is what I saw:
-an attempt to rally, similar to the other attempts to rally.
-a failed rally, similar to the other failed rallies.
-a thousand million etrade babies’ screams of horror as they realized that new all time highs were not in store for anyone but our European “friends.”
As a wannabe patient person, I will wait in the shadows with extra-terrestrial patience for SPY to once again hit 205. Then it will be showtime..
Bradley turn date is 2/1 apparently. Trend has been down for almost a month now… good for bulls.
/ES is 1996.
my prophecy from last night came true.