The bailout is still in a failing state.
All of you fuckers who think you have it all figured out and shit will get RAPED by cannon grape, on your way to your local bodega.
Good night.
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Cool!
Just saw “inglorious basterds” for the first time.
Maybe the bearshitters will take off their uniforms, maybe we need to mark em so we can identify em later, i got a real big branding iron in the fire, got a picture of a grizzly on it. So where to put it..
You realize that M. Le Docteur de le Fly is a bearshitter at the moment, oui?
There are few flights to safety these days, but one of them lies within the gentle embrace of the Greatest Son of Carpathia…
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we break 1182 then the bottom is in … if we stall at 1165-1175 (Tues or early Wed) then one more wave down possibly to the 1050-1097 area.
Looks like we broke it. Er gapped right through it.
Wait for the creme.
Thanks for taking us through this. Meant to grab up some VXX when it was at 24 today but missed it. Hope you get some help for the allergies soon– no fun at all.
Hey gang. I made a little market crash remix for your enjoyment.
http://www.youtube.com/watch?v=jtLogcQ6ahQ
Sorry, accidentally set to private. Fixed. You can see it now if you’d like.
I love it…..lol…..
Nice work!!
Thanks Quincy. I’ll pass your regards on to Clive!
That’s great Moobs! The Traders Audio segment is destined to be a classic.
I’m lucky….I am West Coast so it’s not even Midnight here. Shanghai Copper Futures now Red….and Shanghai Comp testing THAT very important key support of it’s Sept 2009 low……I have a thought, I wonder cuz most traders don’t watch overseas cuz they sleep instead with their Bricks….I wonder if that is the reason for Opens being so silly sometimes? Well, besides all the “Think and Swim” people all playing the same game of buying/selling the open everyday? Not sure….nevermind.
omg anyone awake??!!!! Is anyone watching the Shanghai Comp sell off, it lost that Support….close to 2% down so far..rest of Asia not looking good either.
China’s inflation rate is up again which probably has them spooked about increasing interest rates.
yea: Chinese stats were out, which suggest there will be more tightening. Inflation was the highest rate in 2 years or so I believe.
I think China should should be traded separately as we know they’re on a tightening bias now and the government really does need to get a handle on the real estate price as they rose 13 odd last month.
I also think the Euro’s fall today should be seen in the proper context, which is different to the reasons relating to the previous falls. I think the market is now discounting the fact that the ECB will be on its back in terms of rates longer than we thought.
CPI data and housing numbers are just a factor, but heck Shanghai heard the bailout news last night and was barely up…….for myself, I noticed that Shanghai lead the 08 drop and recovery…and that pattern seems to have been there before so I am using it as a leading indicator, could be wrong doing this,time will tell, I still think that darn Shanghai Copper Bubble will pop and destroy the global demand for copper, we will see….even w/out china data, this is their take of bail out http://www.china.org.cn/business/2010-05/11/content_20013029.htm
j are you jjjjj from Revs?
No, nymph. What’s revs?
Rev Sharks, another blog I love.
Oh sweet irony or maybe total b.s.
Shortly after 2:15 p.m. Eastern time last Thursday, hedge fund Universa Investments LP placed a big bet in the Chicago options trading pits that stocks would continue their sharp declines.
On any other day, this $7.5 million trade for 50,000 options contracts might have briefly hurt stock prices, though not caused much of a ripple. But coming on a day when all varieties of financial markets were deeply unsettled, the trade may have played a key role in the stock-market collapse just 20 minutes later.
The trade by Universa, a hedge fund advised by Nassim Taleb, author of “Black Swan: The Impact of the Highly Improbable,” led traders on the other side of the transaction—including Barclays Capital, the brokerage arm of British bank Barclays PLC—to do their own selling to offset some of the risk, according to traders in Chicago.
Then, as the market fell, those declines are likely to have forced even more “hedging” sales, creating a tsunami of pressure that spread to nearly all parts of the market.
http://online.wsj.com/article/SB10001424052748704879704575236771699461084.html?mod=rss_whats_news_us_business
Sounds like what old is new again. Some things never change. Yes futures are down. Anyone who bought yesterday looses [sic]. Anyone who didn’t lighten up or reposition is screwed. And yes, this is still the “Pitch Black” market. FISAM. Thanks Fly.
Hey I’m still here!!! Seeing if I can’t direct traffic towards ibankcoin while still posting my picks.
http://henryfoolspicks.wordpress.com/
Nice work.
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