Update: Futures make new lows.
This was the picture at roughly 12.00 p.m. Eastern Standard Time. Looks pretty much the opposite of last Sunday evening.
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Futures are rising off their lows, now 100 higher on the Dow.
IMHO the futures are going to act like they’re on a rollercoaster ride until we know something for sure at midnight. Even tomorrow, who knows what will happen intraday? There will probably be a lot of rumors flying about too.
Now just inching back down ever so slowly.
they bounced bc of the 50b package.
Boca is getting her roller coaster. Some volume came in exactly 10 minutes ago there is another good bounce happening.
If we are in agreement that there is a PPT out there that is active in the futures markets, then I’m sure they are on alert at Defcon 1. Of course, at that point, the nukes are on the way. WTF can be done to mitigate the devastation?
Sure, why not? If Cramer manips the futures, why not ole’ Pinky Paulson?
I’m sure his pinky is anxious flexing from semi-permanently bent, to all-the-way bent, a few thousand times a minute.
I have a Post-it on my monitor with the following numbers on it:
DOW 10,000
S&P 1,175
Nasdaq 2,000
Russell 2K 600
These represent 30% drops from their October 2007 highs (25% drop for S&P).
I think we will hit these targets before year end and maybe even lower. Denninger forecasts 800 for S&P.
Will tomorrow be: Tilt, Game Over?
http://market-ticker.denninger.net/archives/579-Tilt-Game-Over.html
Goddamn! Look at the Euro Markets. Good thing I’m long EFU. Dow Futures down 324. Unfortunately, I’ve been up all night. I remember what that bald-headed fuck Bernanke did to me in January. I guess I’ll have to go another 12 hours w/o sleep. It would be just like that asshole to lower rates again. I’m getting really sick of these Communist fuckwads.
Wood:
can you post your thoughts on the $vix indictor tonight? thanks.
thinking about going long again. sold srs like a chicken.
richard
Hard Right — get your meaning, but just to be clear, Comrade Paulson is the “bald headed fuck,” and Premier Bernanke is the “bearded fuck.”
But let’s not say too much in public, for fear of ending up in the gulag.
(or worse.)
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