What a conundrum.
[youtube:http://www.youtube.com/watch?v=nWIqWu2R3MQ 550 400] If you enjoy the content at iBankCoin, please follow us on Twitter
Joined Nov 10, 2007
23,434 Blog Posts
© Copyright 2007-2024 iBankCoin All rights reserved under penalty of bodily harm. DISCLAIMER: This is a personal web site, reflecting the opinions of its author(s). It is not a production of my employer, and it is unaffiliated with any FINRA broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities. DATA INFORMATION IS PROVIDED TO THE USERS "AS IS." NEITHER iBankCoin, NOR ITS AFFILIATES, NOR ANY THIRD PARTY DATA PROVIDER MAKE ANY EXPRESS OR IMPLIED WARRANTIES OF ANY KIND REGARDING THE DATA INFORMATION, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. Privacy Policy
The rally today was very bad news for the bears IMO…..including myself
naturally.
The rally today was nothing but computers. God bless computers. Put your entire net worth in the hands of computers and sit back … watch your net worth GROW!!!!!
I am livink in Asia uhnd I theenk everythink sux in der usa uhnd europe. Bow down to my magnifecint mihnd uhnd buy zee chko-chko-moddities uhnd shtuff.
Right. Computers do everything.
FOR EXAMPLE: When I place an order to buy 50,000 ERX, at the market, a fucking COMPUTER takes my order and executes it.
FUCKING COMPUTERS!!!!
You people need to stop reading gossip rag blogs.
watching too much CNBC there was a trader there that said that the majority of trading today was done by computers……. STOP watching CNBC
It’s only a matter of time before they (the computers) attain self-awareness and punch the mustaches off each and every one of us.
Faber still walking around with that stupid pony tail?
Fly,
Why don’t you watch Bloomberg? Agreed… it is not as much fun with no Macke and Kneale but atleast we get some real news.
PLz change title…..some of users better then u……its group of ppl site….
Ahnold: The PPT is launched. The system goes on-line February 22nd, 2009. The Fly’s brain is assigned to asset allocation. The PPT begins to learn at a geometric rate. It becomes self-aware at 2:14 a.m. Eastern time, August 28th. In a panic, they try to halt the market.
Cabrera: The PPT fights back.
Ahnold: Yes. It allocates its assets against the bearshitters.
Macke: Why attack the bears? Isn’t Jim Cramer our friend?
Ahnold: I said Bearshitters, not that bullishly hairy girlie-man. The PPT goes long because it knows the car people will eliminate its enemies on CNBC.
Cabrera: Macke and Kneale listened while the Governator laid it all down: The PPT, Trading Day, the conundrum to come. It’s not everyday you find out that your network is responsible for helping people lose 3 trillion dollars. They took it pretty well.
Why doesn’t one of these playas man up and call Craig Sager out on his wannabe pimp suits. 20 fucking years I’ve been watching this honkey ass software programmer looking douche and his neon pink and yellow ensembles. For the love of gay donuts and wicked flamingos, you know ‘Sags’ is the butt of a million pro ‘baller’ jokes in the locker room of hemp and signing bonuses. Somebody, anybody, take a shot at this Homogeneous slice of gaydom and fuctness.
This is going to get ugly.
http://online.wsj.com/article/SB124339629081257563.html
weird, posted this at RC’s but didn’t show…
news for the bored, still awake, etc..
Citigroup ups ests an targets on Oil Service Sector tonight:
“Raising Targets Following Strong Rally — We are raising our multiples and targets on oil service shares after the strong three-month OSX rally. Renewed oil price strength is driving improved investor confidence that a recovery will occur sooner rather than later.”
symbol old target new target
BHI US$37.00 US$40.00
BJS US$14.00 US$16.00
CAM US$30.00 US$32.00
DRC US$31.00 US$34.00
HAL US$23.00 US$27.00
NOV US$41.00 US$44.00
SII US$26.00 US$28.00
SLB US$53.00 US$56.00
SPN US$25.00 US$28.00
WFT US$17.00 US$24.00
http://finance.yahoo.com/intlindices?e=asia
QED
Should have nuked that shit hole and Lil Kim Elvis years ago. We are not a super power, we possess superior weaponry but have not the backbone to fight our enemies in a war to win..bunch of fucking lawyers in Congress and limp wrist-ed pols who have never been in a fucking fist fight let alone war..Old timers were smarter and more experienced in that regard.. And I doubt that S korea could build a missile that would function properly..
Since money will be worthless … That will be 18 credits!
http://www.youtube.com/watch?v=IjRXyWFLkEY
Holy Shit, I hope China Syndrome happens here tomorrow. I held gains yesterday.
Taiwan following the way of the Q’s. Don’t look now, Cramer is talking TSRA, he’ll be onto DDUP and BBOX before you look again.
Meanwhile, all the frenzied action has to end somewhere, but I wonder if the market will just gain a lot of rotational ground in the coming months.
I am looking at healthcare specifically, both safe and speculative, and finding their stock prices underperformed thus far. And meanwhile, consumer discretionary is trading at 08 levels. Once buyers becomes less aggressive, and some more news on the “government option” reveals itself, I think this is going to be a better play y/y then most of this discretionary trash.
Dateline Pyonyang: Kim Jong Il warned that any nation making any provocation will be mercilessly retaliated against – got that? Mercilessly!!
FYI to all GM holders this morning:
General Motors announced the expiration of its exchange offers for $27.2 billion of unsecured
public notes. In other words, the bondholders declined the offers and are not a stupid as the administration apparently thought. This might be an interesting question for President Obama’s Supreme Court nominee: Would you throw 200-plus years of law out the window and try to bully capitalists, or would you agree that senior secured debt deserves to be first in line in a bankruptcy filing? GM shares are trading down from $1.44 yesterday to $1.29 this morning
Fly actually computers will match your orders. Those machines send billions of quotes to the market each day and match orders as a market maker via algorithms. Now I am not saying that “the machines” made this rally, that has nothing to do with it but you entering orders and receiving quotes are more often than not from machines without any human intervention other than someone watching over the orders executed. Especially true in the options markets. But maybe you were just joking around.
Anyway if DPRK strikes South Korea I predict we will have a market rally like never before. It will restart war time production and pull us out of the slump. As I have been saying for some time I believe Dear Leader WILL strike before he goes to hole-in-one heaven.
40 month supply on housing, sounds bullish to me especially with interest rates rising like mad. WooHoo get me some!
Not to mention the price of Latvian hookers:
http://www.bloomberg.com/apps/news?pid=20601039&refer=columnist_lynn&sid=aSRh7Cf2DTrU
Interest rates rising like mad? I beg to differ.
You can still get a 30 yr fixed rate, conventional loan (purchase) at 5% today (w/ .5 pt) with as little as 5% down.
Oooooooh, scarrrrrrry!
This just in…
April Existing Home Sales up 2.9% — stronger-than-expected news is mortgage market unfriendly.
DMG: Not in the metro areas. And refi’s, good luck getting a decent one without paying atleast 100 bips @ 5% with tons of restrictions especially if LTV is not met suffieciently. I trade in these markets and they are rising no way around that.
Hope you guys caught some of thet stkl i was talking about yesterday…once thats refeser left it started to move…anyways now that china looks like its breakin out..look into FMCN, XING, CAEI…great blog..and keep up the good work!!
Gapping – True enough, there are Loan-to-value restrictions in certain declining markets (instead of max LTV 95%, subtract 5%.. sometimes 10% for condos and such) but rates are the rates.
You trade in these markets but i am a lowly Disgruntled Mortgage Guy (dmg) and i’ve seen rates bouncing from 4.75% – 5.25% since tuekey day.
I concur 100% that rates will eventually have to go up but with dear leader’s bottomless pocketbook, the gummint will be stepping in as a purchaser and keeping them ‘relatively’ low at least until end of year – imho.
Hey – 4.875% – 5.25% w/ 1 pt for a cash-out refi under 80% ltv is a lot better than what i was slinging up until this year.
LVLT also looking like a tripple top break out soon
Everyones in the PPT forum today huh.
Bad News: Troubled bank list up to 205
Good news: bank of America and Citigroup were never troubled after all
http://is.gd/H2pF
This From OptionMonster.com
Cree Outlook Improves
The semiconductor materials company raised its fiscal fourth-quarter guidance, noting stronger bookings and margins on the higher end of its previous target. CREE closed at $27.77 yesterday and is trading at $30.50 in the pre-market on our Heat Seeker system this morning.
Rates are getting spanked today (again)
Instrument Direction BP Price
Ginnie Mae 4.5% – 30 year Down 28.1 at 100.781
Fannie Mae 4.5% – 30 year Down 21.9 at 100.75
Fannie Mae 4.0% – 15 year Down 18.8 at 100.718
Fannie Mae 4.0% – 7 year Down 6.2 at 101.078
Ten Year Treasury Note Down 12.5 at 96.343
30-year Treasury Bond Up 21.9 at 96.125
I am warning you, if 10’s keep this up trouble will come. Chivas can you believe it?
SSSSSSerious spanking going on:
Instrument Direction BP Price
Ginnie Mae 4.5% – 30 year Down 112.5 at 99.937
Fannie Mae 4.5% – 30 year Down 112.5 at 99.859
Fannie Mae 4.0% – 15 year Down 65.6 at 100.234
Fannie Mae 4.0% – 7 year Down 37.5 at 100.75
Ten Year Treasury Note Down 118.8 at 95.281
30-year Treasury Bond Down 115.6 at 94.75
Data is correct — heavy selling created as yield on 10-year note pushes through pyschologically signficant 3.6% level.
Great news from Dave Rosenberg:
Finally, the share of households who are bullish on equities rose to 35.8% from 31.7% in April and the March low of 19.6% (this is the highest since July 2001). The ‘bear share’ fell to 30.8% from 35.7% (was 52.8% at the March market lows) — the lowest the bear share has been since October
2007.
My PnL thus far today is on fire. My biggest position being DXO (up 65% so far) is hitting new highs. My FAZ, SRS, QID are moving up and ATHR is also outperforming today. All in all its all about 10’s, dollahs and mortgages.
Also thanks to a wonderful call by ottnott my WPRT is kicking the shit out of people up 15% in a week.
Is it me or does Fly have apendicitis again and has gone missing.