I can’t do the sour grapes thing anymore, for I will become what I loathe most. Yes, the market is manipulated. That shit did not just happen today. I am sure the market has always been manipulated. What’s important to note, however, is the sudden absence of the shadows near my favorite urinal. I am not sure if they went on vacation (likely to Paris) or moved out; but they’re not there anymore.
I’m pretty much amazed/stunned by today’s turn around. We went from a frown, all very sad and gloomy, and we turned it upside down.
As I speak, traders on the NYSE are doing lines of blow off vintage Beatles records and the executive producer of CNBC is jacking off to his intra-day ratings. Back at the banks, as evidenced by MS, executives are pondering what the fuck all the fuss is about, as their trading turrets have been sucking dick for months. Nonetheless, rainbows and gay giraffes descend on Wall Street, thanks to the Bearded Clam and his trusty sidekick, Prezident O’Bama.
Never again will America need to endure a recession, for they have been made illegal. Never again will 401k and 403(b) participants fear their monthly statements. Never again will Americans need to work or pay for their mortgages (okay, just a little sour grapes).
In other news, it appears RARE EARTH plays, MCP and REE, are taking the day off. What a shame. Look forward to their Earth, as opposed to the shit you walk on, to be back in play—first thing tomorrow morning.
I will do a market wrap up later aka whenever the fuck I get around to it.
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Q.E.D.
It has allways been manipulated, just more so now!
when will congress open up an investigation into market manipulation? Oh, never. They ARE the bots.
I have been out of town. First I was hanging out at Ben Bernanke’s favorite urinal in the Federal Reserve Building and advising him accordingly. I then went down a few blocks to give some advise at The Pentagon but obviously they didn’t listen. Iran is still standing. Obama didn’t take may advise either. He never did resign.
Right now I am in Vegas at the Bellagio Hotel in Vegas. It’s a urinal convention and boy do they have some great deodorizer blocks out here.
I will be back to town and will visit soon.
Regards,
The UrinalShadow
Didn’t figure you would have gone to Paris due to the notoriously dirty bathrooms.
At least TLT is rippin faces…you have that.
Here comes the afternoon dump…
?? ben takes a nap in the afternoon?
Turn those machines back on!
Splain yourself Lucy – who is doing the manipulation? HFT? Institutions that are now putting money to work? Is that manipulation or buying the dips as they rid themselves of their cash horde that they have been sitting on all summer? Or is it the fed/treasury? How is the manipulation sctually done? Fed/Treasury through the institutions with a wink-n-nod? Or is it like the fucker said on CNBC a few days ago, knowing that the rulers of the universe will not let the markets crash, it is the best place now to park your cash. Funny thing though – last time we talked about QEII, they market fell off a cliff. Why is this time different? Not only are we talking about QEII, we also have spreads widening and Ireland ready to become subject of the Queen again. So, all the shit that made the market fall hard a few months ago are now making the market rally. Must be manipulation – but what is the process of the manipulation? I always wondered about how it is done,
Manipulated? NOT.
never give up on KNOWlege.
regards
chuck
I don’t think it’s manipulated, I think those bots are getting a mind of their own, not too dissimilar to Skynet.
After today I think I’m going to delete all of my intra-day charts…back to daily, weekly and monthly only.
yessir… totally… I was thinking the exact same thing today… time to stretch my timeline a bit…
Merlin? Merlin? … Merrrrlllinnn!!!!
dude… the machines have taken merlin and chained him to a wall in a dark dungeon at the nyse on wall street.
Banks are breaking their lows for the day…JPM, WFC, C…that group needs to bottom before the next rally.
Watch for M&A action to save that set.
__
Food for thought
SPY close 09/20/10 114.21
SPY close 09/27/10 114.27
AIG
WTF happened today, I went to sell my 50 lot of AAPL at 292 and got filled at 275. Now I gotta go buy 100 BIDU at the market to try and make this back. Wait, WTF I just got filled a 185 how is that possible i’d better sell some….WTF I got filled at 73 selling 40 shares…. Holy shit I better just buy some bonds.
Ever hear of limit orders?
I thought I didnt need them with all the hft’s providing liquidity.
I think you should stick to fixed income for now….
You are finally getting it. Never again, will the market go down. This is what I have been saying for weeks, yet you claim I am a permabull. I am not a perma bull, I just see the bullshit that is this market, and can see that down the line, we will continue to get more of the same. There is clearly no news that will make this market sell-off. DOW 38,000 as the man on CNBC earlier today said. He said we get there by the year 2025, but I think we get there by 2015, with a straight line. Absolutely no down days more than 10 on the S&P from here forward till the end of time.
Rode TZA twice today. Even if we go straight up, it won’t be in a “straight line”. Plenty of easy intraday short scalps last few weeks–if you’re patient and wait for intermarket signals to align.
Market sell off is all but guaranteed – Ms. Whitney (aka, Mrs. Hendry) will be on CNBC today.
Didn’t happen.
U must be a day trader.
Market manipulation? Ya think?
The Bank of International Settlements’ “Financial Stability Forum” —
http://en.wikipedia.org/wiki/Financial_Stability_Forum
The President’s “Working Group on Financial Markets” —
http://en.wikipedia.org/wiki/Working_Group_on_Financial_Markets
Yes, never again! Don’t be a “Ron Wayne” and give up on equities. Nobody, and I mean nobody, is talking up growth right now.
Ireland is supposedly going to sink the global economy, or the Yen is taking us to the end. Or whatever the apocalyse du jour is. Thing is, the basic fear hasn’t changed in 9,999 years of trading.
Right now, traders are all too busy buying bonds and happily earning 0.01% in their fucktarded money market funds, thinking they’re real investment pros.
I guaran-damn-tee you 5 years from now, stocks will be much higher, with rainbows and pictures of fleur-de-leis’, accompanying diamond encrusted chalices—-just like the “good ol’ days”. If not because of earnings, then because of inflation, or the fact that the market is rigged. Whatever.
You do plan on being around in another 5 years, no?
I’ve been short all of September, and losing. I want that rainbow…. and that diamond encrusted chalice. Capitulating…..
Hear hear
unless you can guarantee that the middle east doesn’t turn into a “mad max” type nuke wasteland soon, i wouldn’t be so quick to “guarantee” higher stock prices in 5 years.
We’ve just come off the worst ten years of stock market returns, including the Depression of the 1930’s. The “lost decade” will not repeat. The U.S. government and Wall Street guarantee higher prices.
It is in everyone’s best interest —– yes, everyone’s.
The capital markets will open up once prices move higher. Odd, no?
I am long guns, lawyers and duck butter and short NFLX from 165
Wish me luck.
OTB Degenerate -OUT!
It’s NOT real Duck Butter
The good old days are gone
Chinese save real duck butter…ship us immitation
I can’t believe it’s not Duck Butter!
It’s fetus cream.
Latest Post in King of PG. Strategy for the current market – http://ibankcoin.com/king_of_the_pg/2010/09/28/the-long-and-short-of-it/
same shit , different day. everyone knew the consumer number would be bad so they dropped it into the number and suckered in the shorts with a slight decline after the number only to rip their faces off shortly after. this is the new game,
Seems we really topping out on September 30 in this bearish C-upleg.
I plan to go long again around DOW 7500 in 7-8 weeks from now.
maybe up to 9 weeks
Pomo came today at the perfect time to prop us , happened once last week also to hold support.
Quantatative Weasing
Investing in ammo/guns is not a bad idea if you have room to store it.
The metal is always worth something, and if the doomsday scenario plays out the metal with still be worth something plus each bullet will have the value of a meal.
In contrast if we rally on propped to the top, the metal price will still go up and so will the value of ammo/guns .
It’s a win/win which is rarely found in investing, sort of like water and crops with less risk
Whining is unbecoming , Fly
you’re banned.
Ancient one says better to be pissed off than pissed on. China has 95% of all rare earth elements. Why go to Canada unless to freeze your pucker.
Wow, it’s just impressive how the market goes up !
As we approach 11,000 Dow, the sprint will be to 11,500. , before the pause.
In this environment, most corrections can be contained in a 5% – 7% range.
Dips should be bought, and big rallies sold, if you’re trading. Otherwise, enjoy the ride.
sprint to 11500?
Wed have to see a whole new parabolic breakout in AAPL. Today’s price action was troubling at best.
I know it sounds far-fetched, but this is the “new normal” thing, which is just a repackaged old fear/greed thing.
AEM just broke 71.00………..time to short?
CF–
yes, gold is a barbarous relic. Short it to your hearts content, and eventual ruin.
What will keep America going is the fact that Americans will work hard the next 30 years paying the current mortgages, creating money for investors.
No is the time to short AEM. I just shorted 1k @71.
End of last quarter was worst time to sell even though we were in a downtrend and breaking to new lows….Is now the worst time to be buying???
Who yous gonna blame when you are wrong with your educated guesses? Trade what you see, not what you think. The market must do this, the market must do that because blah, blah, blah. Right!
Just got offered 50,000 MY shares of from MS….any gentlemen here hear how it’s shaping up?
The Big Boys on Wall Street are setting up the Bulls for the biggest short in history!
Help me here, put me in gear, where is the money going now, tell me the flow so i can go and invest in the best. Help! I need somebody, no not just anybody. profess to be the best, now please don’t make it a guess; show me what you got. We need if not out of greed, Why?; because were broke and thats no joke. Hang Ten, lets all be men.