I’m not impressed. This is just more of the same chicanery.
One day we’re up 200, the next we’re down. Wake me up when this dog licks 11,000.
Sure the banks did a synchronized dive into an empty pool. Still, I am not enthralled.
In short, I made loads of coin today. Even my longs went up, with exception to KB Home [[KBH]] and Chipotle Mexican Grill, Inc. [[CMG]] .
Nonetheless, I am not convinced of the bears’ conviction yet.
With my money, for the day, I bought more [[SKF]] , [[SRS]] , shorted Bank of America Corporation [[BAC]] , shorted [[FED]] , shorted Pacific Capital Bancorp [[PCBC]] , shorted Cathay General Bancorp [[CATY]] and a little Goldman Sachs Group, Inc. [[GS]] for the hell of it.
Nothing major. Just a bunch of floaters to make me feel better about myself.
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“Synchronized dive into an empty pool” … haha. The Vix should start trending up after double bottoming at 19.78 in the past 10 days. I was impressed on this fall, because USO looked weak, and market still fell. But then again, the rally in the markets have all been on low volume. Waiting for the big boys to start putting money to work… my guess is they will sell us.
full moon saturday as well as a lunar eclipse….opex….complacency…low vix…low volume rally…and the bulls are pawing the ground. Next week we start down in earnest again.
You read this in a fortune cookie anjing? What are the little numbers that come with it, I am a degenerate lotto playa (sic).
Shorted C and CS today – consider it a public service. Short sell rule ended today – tomorrow’s weather report: Sodom and Gomorrah.
I don’t know about the full moon and a lunar eclipse on Saturday however I see something else:
The moon is in the Seventh House and Jupiter aligns with Mars then stocks will be guided by the planets…. (apologies to Aquarius)
CNBC really should hire an astrologist.
Do Ya Thang
Fly,the play now is canucklehead dollars. u yanks is descending into debtors hell. Yo money is funny. I reccomend all things northern, we have the goods, in spades. Pay now and pay later. I reccomend immediate retreat ,my yankee brothers. P. S. these white gloves suck, Fly please come to your senses, your country needs wise mothers like you.
Bennet Sedacca
04:07:25 PM
Corporate Spreads Blowing Out
When I wrote ‘A Tale of Two Markets’, I felt there was already a hideous disconnect between credit and equity markets. I now believe it to be even worse.
As piggies get crushed today, corporate spreads in banks, brokers, insurers, etc. are getting smoked.
So the disconnect gets worse. Which makes the next move in equities even worse, whenever it decides to show up.
Risk is very very high.
Gold – https://admin.minyanville.com/assets/FCK_Aug2007/File/A1. T.woo/tggold1.jpg
Dow – https://admin.minyanville.com/assets/FCK_Aug2007/File/A1. T.woo/tgdow1.jpg
http://www.djnewsplus.com/article/DN-CO-20080812-016242.html?mod=J1&a=T Wire&h=SEC Emergency Short-Sale Order No Help For 19 Stocks – Study
AMAT reports shitty numbers, and is up 5% AHs.
Your ramblings are not only chicanery but tom foolery as well. What used to be clever and decent information are now just pages clouded with retard ramblings. You’ve lost it…market and site…gold medal special olympian.
Liar. I am internet gold.
I know you guys have all seen this, but this might be the best 10 seconds on CNBC this year.
@ 8:20
http://www.cnbc.com/id/15840232?video=808357964
look, i can’t even lie anymore – i used to bash meredith on this blog, because i’m straight up in love with that chick. i hope her wwe husband has an aneurysm, so i can make a move.
you guys are going to report me to somebody, aren’t you?
Right know I’m thinking about a long XLE / short USO pair.
err.. right now.
Gio
Just for the record, I am not a big fan of the charts and think they are bullshit. But particularly, a chart on the VIX? Do people seriously believe that the same patterns that apply to random stocks also apply to a volatility index?
i’m stymied by the energy trade. stuff like CHK looks like a screaming buy here, but if oil keeps drifting lower, it’s going to pull the energy names with it.
yes puny, they do. because it works.
punyandy:
The stock price, one could argue, is the expected return of the equity itself.
The volatility, one could argue, is the expected return of the significance of change in the equity itself.
Ergo, the volatility is the derivative of the stock price, which would make it applicable for analysis. It may not be the same, but because the underlying change of the value of the equity is being measured, then yes, the same tools would be applicable, no?
P.S: Cocks.