This is just a small retracement of yesterdays fall.
The chart clearly shows that the upswing over the past week or so was in all likelyhood just a reaction pullback to a DOWN TREND ... and that pullback ended two days ago.
Today we are bumping our head on the top side of intraday pivots in a big way and are fighting to go back down as we speak.
So, whatever boss.
Bets on us closing today at a marginal gain to marginal loss. And then down we go again in the late week.
Lets not forget that the news from yesterday was undeniably horrible.
And the "productivity" numbers from this morning are marginal in the face of that ... and the market is proving this to be the case.
As i type this, S&P is breaking through its morning floor to try and test more lows.
If I was to smile and I held out my hand
If I opened it now would you not understand?
This is just a small retracement of yesterdays fall.
The chart clearly shows that the upswing over the past week or so was in all likelyhood just a reaction pullback to a DOWN TREND ... and that pullback ended two days ago.
Today we are bumping our head on the top side of intraday pivots in a big way and are fighting to go back down as we speak.
So, whatever boss.
Bets on us closing today at a marginal gain to marginal loss. And then down we go again in the late week.
Lets not forget that the news from yesterday was undeniably horrible.
And the "productivity" numbers from this morning are marginal in the face of that ... and the market is proving this to be the case.
As i type this, S&P is breaking through its morning floor to try and test more lows.
undeniably horrible? thats a bit extreme. 2%?? with a bounce back today. your enthusiasm for a bad market/economy is starting to sicken me.
In very unusual and troubling results [...]Employment also fell through the floor [...]This is an alarming report [...] Either way you slice it, the results are poor
...
what part of that news service quote doesn't sound "undeniably horrible" to you?
Do you still not understand that fundamental underlying conditions are abysmal right now?
Further, recognizing that this entire slow down is precipitated by malinvestment on behalf of the banks themselves due to artificialy low interest rates...
... and also recognizing that these banks have ONLY BEGUN TO TAKE THEIR WRITEDOWNS ...
and going even further to recognize that WHEN BANKS WRITE DOWN THEIR BOOKS, IT LOWERS THEIR 'RESERVES', AND THEREFORE SIGNIFICANTLY IMPAIRS THEIR ABILITY TO LEND ... at a rate of about 9 to 1 ... for every dollar written off ... they are crippled in their lending capacity by NINE dollars ...
... and going even further to recognize that bank lending is the primary way which our economy seeks new investment and business growth ... since outright capital investment has long been a distant second to bank loan financing ...
...and taking the next step to recognize that the only way our stupid government knows how to deal with this untenable situation is to cut interest rates, lower the discount window, etc ...
... and noting that they have already significantly done so
... and taking in to account the EXTREME SENSITIVITY OF THE DOLLAR IN LIGHT OF ALL OF THIS ALREADY MASSIVE INFLATION ... and the war ... and this new Universal Health Care proposal ... and the babyboomers all retiring and needing Social Security ... and the bonds from the 1980s all coming due ... and oil producing nations wanting to go off the dollar ... and china threatening to use the fiscal "nuclear option" and trade back all its T-Bills ...
... and again, reminding you that the BANKS HAVE YET TO COMPLETE THEIR MASSIVE MASSIVE WRITEOFFS ...
... and again reminding you that the Fed will NECESSARILY HAVE TO LOWER RATES AND INFLATE AGAIN (or literaly risk the banks going insolvent and defaulting on their deposits, making the FDIC broke, and exposing the scandal)... and part of this will probalby also end up being OUTRIGHT BAILOUT TO THE TUNE OF BILLIONS AND BILLIONS ...
... and reminding you again that this again affects the dollar in a massively negative way...
HOW CAN YOU SIT BACK AND PAINT THIS RIDICULOUSLY ROSEY PICTURE ????
Bottom line,
this entire thing was caused by a viscious cycle of unmanageably low interest rates, feeding bank mal-investment and causing inflation, causing a crash, and then retriggering low rates again and more massive inflation ... at some point THE BOTTOM WILL FALL OUT.
ALL THE CARDS ARE STACKED AGAINST THIS MARKET!
BTW - The market is now DOWN FOR THE DAY (by the same lousy marginal amount that it was up earlier), no comment, huh? And how about this FOMC announcement that comes after what was what appears to be an emergency closed door meeting with Bernanke (i didn't see it on the schedule until late yesterday, did you?) ...
:rolleyes:
If I was to smile and I held out my hand
If I opened it now would you not understand?
no comment? I tell it like it is, postive or negative.
So how is it today?
What does it mean that we were down 370 yesterday, and then the little piddly rally today faded without fanfare and then went negative on more bad press?
Tell it like it is, please.
If I was to smile and I held out my hand
If I opened it now would you not understand?
My kids are taking all their money out of their bank today...
I wish had money to take out of the bank...
I was taught a month ago to bide my time and take it slow, but then I learned just yesterday to rush and never waste a day. Now I'm convinced the whole day long that all I've learned is always wrong. Things are true that I forget, but no one taught that to me yet
So how is it today?
What does it mean that we were down 370 yesterday, and then the little piddly rally today faded without fanfare and then went negative on more bad press?
Tell it like it is, please.
like i've been saying, its bad. but you seem to be cheering for the dow to fall 2000 points. but its not.
like i've been saying, its bad. but you seem to be cheering for the dow to fall 2000 points. but its not.
I'm honestly not cheering for anything.
In some ways, i'm scared shitless.
But you know what, you are right to a degree ...
i secretly harbor this desire for everything to crash through the floor so that GOD WILLING, the American people will wake the fuck up and start asking some hard questions of themselves, eachother, and their government.
I see at as an opportunity for a literal crash course on how not to run an economy.
But honestly, i am not REALY wishing for that because i know the sick truth is they will just be presented with some ridiculous fucking scapegoat on the news, and noone will be the wiser for the realtruth ... AND it will give the international bankers and elitist scum & socialist statits a further excuse to swoop down on the people and implement some other form of scam.
And before you laugh at that,
that is EXACTLY what happend in the early 1900's with the income tax, and the federal reserve and then in the 1930s when they came right back and STOLE EVERYONES GOLD!
That is the sick opportunistic nature of these bloody fucking assholes.
I bet THEY want this market to crash.
But i have every reason to fear that the American people will never be mentaly capable of understanding the real forces at play here ... so hoping for them to "wake up", "wise up" and "rise up" is just a fool's dream.
:(
If I was to smile and I held out my hand
If I opened it now would you not understand?
It is about to push down through critical support levels and fall through the floor ....
then the pending home sales report comes out to inform us that home sales are DOWN ... but down less than they were the month before.
And the market takes off.
ROFL.
:rolleyes:
If I was to smile and I held out my hand
If I opened it now would you not understand?
Comments
why are you smiling?
in order news....still 800 points off the low 2 weeks ago :rolleyes:
Which way is the trend pointing?
You think that wasn't a reaction swing?
You think we aren't back on the downside?
If I opened it now would you not understand?
http://biz.yahoo.com/ap/080206/wall_street.html
Give me a fucking break.
This is just a small retracement of yesterdays fall.
The chart clearly shows that the upswing over the past week or so was in all likelyhood just a reaction pullback to a DOWN TREND ... and that pullback ended two days ago.
Today we are bumping our head on the top side of intraday pivots in a big way and are fighting to go back down as we speak.
So, whatever boss.
Bets on us closing today at a marginal gain to marginal loss. And then down we go again in the late week.
Lets not forget that the news from yesterday was undeniably horrible.
And the "productivity" numbers from this morning are marginal in the face of that ... and the market is proving this to be the case.
As i type this, S&P is breaking through its morning floor to try and test more lows.
If I opened it now would you not understand?
undeniably horrible? thats a bit extreme. 2%?? with a bounce back today. your enthusiasm for a bad market/economy is starting to sicken me.
FOMC just announces it is basicaly powerless. :cool:
2% what? The drop in the market?
Yeah. It sure wasn't the continued rally people were expecting.
And neither were the ISM Non-Mnf numbers.
Need i repost what the economic calendar news source said:
...
what part of that news service quote doesn't sound "undeniably horrible" to you?
Do you still not understand that fundamental underlying conditions are abysmal right now?
Further, recognizing that this entire slow down is precipitated by malinvestment on behalf of the banks themselves due to artificialy low interest rates...
... and also recognizing that these banks have ONLY BEGUN TO TAKE THEIR WRITEDOWNS ...
and going even further to recognize that WHEN BANKS WRITE DOWN THEIR BOOKS, IT LOWERS THEIR 'RESERVES', AND THEREFORE SIGNIFICANTLY IMPAIRS THEIR ABILITY TO LEND ... at a rate of about 9 to 1 ... for every dollar written off ... they are crippled in their lending capacity by NINE dollars ...
... and going even further to recognize that bank lending is the primary way which our economy seeks new investment and business growth ... since outright capital investment has long been a distant second to bank loan financing ...
...and taking the next step to recognize that the only way our stupid government knows how to deal with this untenable situation is to cut interest rates, lower the discount window, etc ...
... and noting that they have already significantly done so
... and taking in to account the EXTREME SENSITIVITY OF THE DOLLAR IN LIGHT OF ALL OF THIS ALREADY MASSIVE INFLATION ... and the war ... and this new Universal Health Care proposal ... and the babyboomers all retiring and needing Social Security ... and the bonds from the 1980s all coming due ... and oil producing nations wanting to go off the dollar ... and china threatening to use the fiscal "nuclear option" and trade back all its T-Bills ...
... and again, reminding you that the BANKS HAVE YET TO COMPLETE THEIR MASSIVE MASSIVE WRITEOFFS ...
... and again reminding you that the Fed will NECESSARILY HAVE TO LOWER RATES AND INFLATE AGAIN (or literaly risk the banks going insolvent and defaulting on their deposits, making the FDIC broke, and exposing the scandal)... and part of this will probalby also end up being OUTRIGHT BAILOUT TO THE TUNE OF BILLIONS AND BILLIONS ...
... and reminding you again that this again affects the dollar in a massively negative way...
HOW CAN YOU SIT BACK AND PAINT THIS RIDICULOUSLY ROSEY PICTURE ????
Bottom line,
this entire thing was caused by a viscious cycle of unmanageably low interest rates, feeding bank mal-investment and causing inflation, causing a crash, and then retriggering low rates again and more massive inflation ... at some point THE BOTTOM WILL FALL OUT.
ALL THE CARDS ARE STACKED AGAINST THIS MARKET!
BTW - The market is now DOWN FOR THE DAY (by the same lousy marginal amount that it was up earlier), no comment, huh? And how about this FOMC announcement that comes after what was what appears to be an emergency closed door meeting with Bernanke (i didn't see it on the schedule until late yesterday, did you?) ...
:rolleyes:
If I opened it now would you not understand?
So how is it today?
What does it mean that we were down 370 yesterday, and then the little piddly rally today faded without fanfare and then went negative on more bad press?
Tell it like it is, please.
If I opened it now would you not understand?
I wish had money to take out of the bank...
like i've been saying, its bad. but you seem to be cheering for the dow to fall 2000 points. but its not.
I'm honestly not cheering for anything.
In some ways, i'm scared shitless.
But you know what, you are right to a degree ...
i secretly harbor this desire for everything to crash through the floor so that GOD WILLING, the American people will wake the fuck up and start asking some hard questions of themselves, eachother, and their government.
I see at as an opportunity for a literal crash course on how not to run an economy.
But honestly, i am not REALY wishing for that because i know the sick truth is they will just be presented with some ridiculous fucking scapegoat on the news, and noone will be the wiser for the realtruth ... AND it will give the international bankers and elitist scum & socialist statits a further excuse to swoop down on the people and implement some other form of scam.
And before you laugh at that,
that is EXACTLY what happend in the early 1900's with the income tax, and the federal reserve and then in the 1930s when they came right back and STOLE EVERYONES GOLD!
That is the sick opportunistic nature of these bloody fucking assholes.
I bet THEY want this market to crash.
But i have every reason to fear that the American people will never be mentaly capable of understanding the real forces at play here ... so hoping for them to "wake up", "wise up" and "rise up" is just a fool's dream.
:(
If I opened it now would you not understand?
so fickle.
It is about to push down through critical support levels and fall through the floor ....
then the pending home sales report comes out to inform us that home sales are DOWN ... but down less than they were the month before.
And the market takes off.
ROFL.
:rolleyes:
If I opened it now would you not understand?