Today will see the iBankCoin website log the most one-day traffic in its history. When this screen shot was made, there were approximately 3 hours left in the day. The site may see 20K visits today.
Previous spikes in site traffic have coincided with bounces, which follow the spike.
Since I do not have administrative privileges for Site Meter, I can’t say what the spike was like on October 17th (the last date of the October plunge), but I would bet that the site experienced more traffic than ever before on that date, much as it has today. Maybe Jeremy or the Fly can chime in with the traffic stats for that date.
We’ll find out tomorrow if site traffic remains an accurate contrarian indicator.
How come you're the only one with DisqUs ?
Wood,
I want to agree with you. I swear — I really do. But Citigroup is scrambling for a takeover tonight. News just broke now that Morgan has refused a bid for Citi. This problem is way too hairy for a solution in the next 24 hours. This means it will have to wait for the weekend. It will probably involve some sort of government rescue plan, which may or may not include a shareholder wipeout a la Fannie Mae.
I don't know about you, but I AND the market haven't seen good outcomes emerge (the following Monday) from teetering firms heading into the uncertainty of a weekend.
My guess? The markets gap up a bit tomorrow at the open as bottom pickers emerge. People feel good for a couple of hours, then, investors get reminded of Citigroup's perilous situation. The markets reverse course and quickly hit the fuck you switch, closing below 7,000.
Bottomline: stay in cash tomorrow. Systemic risk is through the roof and Citi is on the verge of hitting the abyss.
-Phil_from_Brazil
Because I complain a lot.
And I was in meetings all day, so you didn't even have the benefit of my typical “multi page view” flitting.
Phil, good to hear from you.
I should be clear– I have 2 longs left that have not stopped out, from my original 5 that I put on last Friday, when I got stupidly bullish. However, my DXD and EFU have smoked, and my discretionary account closed near a YTD high today. I'm now out of all my inverses, and my 2 longs are very close to stopping out.
Long story short, I'm very comfortable here, and I'm not looking for anything tomorrow. In fact, I'm taking tomorrow off to do some fun stuff with one of my boys.
I just wanted to note the spike in traffic. Other than that, I absolutely agree with your assessment.
incidental. maybe and most likly we are just blowing the fuck up
i hate disqus
If it looks and acts like we're blowing up … maybe we are.
I'm just not seeing that there's a catalyst on the horizon for a serious bounce.
My guess is we wallow around in the mud for a while.
Me too. Traffic indicator is pretty good, by the way.
yeah I know,
One Disqus system is worth ten Twitter systems on the boca value scale.
Wood,
Good plan. Nice to here you're up. Incidentatlly, I'm also having a sick year. Right now, though, I'm 100% cash. I don't feel any edge right here. The risk-reward favors going long, but there are too many catalysts for further meltdown (C, BAC, GM, oil momentum, etc).. Plus, the TLT has just started to break out to new highs in egregious fashion signaling serious deflation.. Bellwether stocks like AAPL, GOOG, FCX, BNI are not particularly oversold and could move materially lower. This is a market environment I'd rather sit out.
I dunno about traffic. I have black swan puts on GS and they went up almost 100% in the last minutes of trading today. Low volume, but still…
Blowing up is the default.
Fly, any idea what traffic was on Oct 16, 17, 18?
S&P Futes hit a high for the evening, up 1.5%
The big counter-rally (however short lived it may be) will come when we are least expecting it (a la last Thursday). And since absolutely none of us see any sort of catalyst and fear seems to be spiking (as evidenced by record traffic here, plus overabundance of financial meltdown type articles), we might just see one soon…
Just for all the flamers out there, I'm not calling for a bottom, just another big ass bull trap spike.
Good for you! Disqus is a much better commenting system.
Traffic closed day at 19,785
Disqus hates you.
Don't you like the ability to instantly see a person's past comments?
It takes some getting used to, but I'm starting to like it.
At the least, disqus should keep some of the riff-raff a tad more honest.
Phil I think your advice “stay in Cash is bad advice. I study the $NAUD a lot and each time it's hit (-2600) the bottom fishers have come in with a vengance, and they never stop coming in, and you can't stop them once they get started, and it just goes on for hours and hours and days and days until everything is at the next short sell prices—
BUY some SKF DEC 200 puts.
Jake, you got a LIMM handle for disqus?
YAY woodshedder–you have Disqus—you're blog traffic will go up 300%–that's what happened at my blog and Tim Knights Blog++plus you can go check out the main Disqus page of the other trollers and see if they are going broke or if they are making a killling!!!
So you got fly to download the WP plugin at his web hosting site, for you, that's hot
I guess Disqus scares Danny, cause now we can all look up his losing trades at his main Discus page—
Mouse over the avatar, and on the pop out screen click on Verified points menu, takes you to the trollers main disqus site
I wonder if I can short sell SRS at the very top, this will make twice in a row—
here's my take
http://4.bp.blogspot.com/_OB1VqhTEIHA/SSYzv4FYo…
Futes continue movin' on up. S&P up over 2.5%
I'm jealous, I want disqus on my page.
Z, is it still awkward between us because the last time I visited your blog I got the 5 hours waterfall shits and couldn't keep anything down for a month?
Disqus isn't perfect but it's an improvement. It's time to clean up the comments sections on iBC. It's gone gay on Fly's blog.
Cajun, I knew you would be 😉
I am still surprised you didn't have it already.
Cajun, I knew you would be 😉
I am still surprised you didn't have it already.
S&P Futures have been downtrending since 5:00 a.m. They must hold 765. Overnight high was 784.
No, I can't be bothered with the buggy Disquus… I put this Yoda pic on some time back when Tim went to it, and it was the only image I had saved on my new comp.
The “trying to find the thread” action really really sux, imho.
No, you don't.
It's homo.
Wood, why do you say that it must hold 765? I heard 777 was the #….?
I really do like the ability to reply to specific comments, the apparently 'infinite' edit ability, and the threaded view. Cleaner, more organized, etc…good stuff. Probably would cut down on the level of asshattery that goes on in The Fly's comments…
I see 20,207 as the total.
I'm pretty sure we hit over 24k+ around the October lows…
Jake, I was really talking more about overnight/premarket, but 765 was just tested for the 4th time in less than 2 hours.
Jake, you have to orient yourself visually. When you see the comment you replied to, and then the indenting of new messages, you know there is another thread within the main one. When I just scroll through it quickly, you can see exactly how it is laid out.
Anyway, it may not be permanent, you cry baby.
Waaah! I'm tellin' Fly!