It was supposed to be a good day for the bears. The market was weak as shit this morning and nothing seemed to go right for the bulls, until oil broke the fuck out. I warned you fuckers that you’d drown in it. And you did.
The speculative fervor is back, if only for a month. We have all of the finest tools of financial warfare at our disposal: an easy Fed, crazy batshit Chinese government hellbent on seeing growth return, and a market that not only wants higher, but needs to go higher for the sake of tax receipts.
The men wearing tin foiled hats will tell you that “it will all end now”, that “the market is going to crash and make 2008 look like a walk in Disney.” To those people who say these absurd things, laughing at a 65% drop in the broader indices, I say “fuck off.”
This market is built to win. The machine is humming along. We got the commodity sector ripping higher. Traders are ignoring the weakness in biotech and Apple and putting money to work.
I made some wholesale changes today. I got rid of my GG position. It served its purpose. I started a new position in CNX, kicked out my CLX for a 6 point win, and I added to my TWTR position.
To summarize today, here’s a video of a bear asking for his bicycle back from a bull.
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I hope all the bulls remember to send Yellen flowers for killing all the Bears. Now there’s a strong leader.
Yellen for pres. Oh, wait, becoming pres after being FOMC chair is a demotion. Well, never mind then.
global equities aren’t feeding from it. (last night)
baltic trade still dead high yield still dead copper lumber dead dead
US EQUITIES CAN BE THE LAST TO KNOW FINE WITH ME
Regarding Bill Gross’s lawsuit that someone mentioned on a previous thread, Gross accused the Pimco folks of forcing him out, driven by their “power, greed, and a desire to improve their own financial position.”
So he didn’t insult them at all. Those are all considered to be the highest virtues by everyone on Wall Street.
You have a point. Here’s the full petition in case anyone is extremely bored.
http://www.zerohedge.com/news/2015-10-08/bill-gross-sues-pimco-cabal-over-ouster-seeks-hundreds-millions
bulls always wins!
EYE OF THE STORRRRRRRRRRRRRRMMMM
With a storm like this, we won’t need any bright sunny days.
CLD best option for those looking at coal.
cheer now but if you buy this market you will go broke
Hi, Sloop. When is your own church’s date for the End of the World.
I noticed a news item that 1000s of Christian Churches were saying the End of the World was going to be yesterday. But it looks like those were wrong.
I wish you to slide through a wormhole, and never return
how about syria as an epicenter for war trigger many of us have been guessing for months oh look last week it became a possible epicenter
You’ve already slid through a Bearish wormhole & will never return. Hope you are having fun there.
Truth be told we’re in no mans land (right now) middle of range. neither side has advantage on longterm
Vlad is taking care of it. Don’t worry, be happy.
Frog. You’re too smart to be a materialist. https://www.youtube.com/watch?v=L9jHlrMRJAo
Thanks. I am not a materialist. Nor am I a religious person, in the traditional sense. Nor do I believe that some book that contains all sorts of weird rules that are consistently ignored by modern day “believers”, & that has been revised numerous times over thousands of years, is the absolute truth.
I respect everyone’s right to their own beliefs and ask only that others respect my own rights to my beliefs, or my lack thereof.
Humans are tribal. Most people believe what their friends, relatives and neighbors believe.
Thanks. I am not a materialist. Nor am I a religious person, in the traditional sense. Nor do I believe that some book that contains all sorts of weird rules that are consistently ignored by modern day “believers”, & that has been revised numerous times over thousands of years, is the absolute truth.
I respect everyone’s right to their own beliefs and ask only that others respect my own rights to my beliefs, or my lack thereof.
Humans are tribal. Most people believe what their friends, relatives and neighbors believe.
Humans are tribal. Most people believe what their friends, relatives and neighbors believe.
There’s some truth to that.
Frog, I love my Lord but I don’t go to church.
So you got your beliefs from some church, and the 2000 year old, often revised, book they preach, but then stopped attending?
Well, most of us are doing the best we can to figure the world out. We come to different conclusions, however.
I see I am getting moderated for evangelizing. Sorry Fly.
Yeah, I was too. Maybe we should go back to discussing the stock market.
Word!
The headlines over at Bloomberg are deja vu tonight. Nothing overtly bearish but the accumulative effect is there. One could assume something is very wrong right now.