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Old 12-07-2011, 12:39 PM   #1
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Stock Market comedy

Well, the comedy continues in the market today. I just watched the DOW spike by forty points in just a few minutes, and it did so on nearly zero volume. The Brotherhood of Darkness sure is hard at work keeping order in the markets today. It's too bad that it will all be for naught when Europe realizes that Merkozy can't save them after all and everyone defaults on their debts. It's kind of like when someone shits their pants......there's just no way to hide it. it matters not how much more money they dole out to these insolvent countries, because in the end, they are still insolvent, only now they owe even more money that can never be repaid.

We're talking about countries who cannot pay the interest on the debt they already have, much less pay the principal back when it matures.

They can juke the market all they want because as they say, Resistance Is Futile.
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Old 12-07-2011, 12:44 PM   #2
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Yeah, but you can go broke waiting for reality to set in.. Sadly holding a bit if FAZ and SPXU...and some stuff that went up, too; gold and AGNC bought in the dips (check the divvie on the latter). Hoping I'll wake up say, Monday and find EUO made me well off.
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Old 12-07-2011, 03:49 PM   #3
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This market is broken. News agencies are releasing some unconfirmed rumor every day between 3 and 4 pm ET and HFTs jump on it. Then we have a meltup into the close on thin volume. The next day, pre-market (9am) to 10 am everything tumbles just to have counterrally. Arround 1130 am when Europe closes we have another low.
That´s a day traders dream. I´m too lazy to trade it, though.
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Old 12-07-2011, 04:23 PM   #4
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Visual confirmation by zerohedge:
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Old 12-08-2011, 09:26 AM   #5
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Everybody praise the ECB price stability. Futures are going wild.
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Old 12-08-2011, 09:32 AM   #6
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lol. The bottom just fell out of the metals. USD soaring.
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Old 12-08-2011, 09:54 AM   #7
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The metals are getting hit much more than the market today. Stuffing them into their triangle.

The dollar is up around .37%.. Still hasn't broken out but it's poised to.. It's all on Europe tomorrow.
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Old 12-08-2011, 10:11 AM   #8
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Originally Posted by dereksatkinson View Post:
The metals are getting hit much more than the market today. Stuffing them into their triangle.

The dollar is up around .37%.. Still hasn't broken out but it's poised to.. It's all on Europe tomorrow.
European Stocks get hit as hard as the metals, especially Dax and Eurostoxx stocks
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Old 12-08-2011, 10:14 AM   #9
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News is definitely the driver.. People want a bazooka to come out of tomorrow's meeting and I really doubt we get it.
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Old 12-08-2011, 10:16 AM   #10
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Hahahahahah [with an evil twang] Palladium is now at 666.
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Old 12-08-2011, 10:38 AM   #11
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Still..

lots of short interest everywhere, especially on the euro. be nimble.
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Old 12-08-2011, 11:23 AM   #12
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NOw watch the "Europe has finally closed" rally
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Old 12-08-2011, 11:27 AM   #13
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Originally Posted by swissaustrian View Post:
NOw watch the "Europe has finally closed" rally
I think too much technical damage was done today.. very bearish.
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Old 12-08-2011, 11:34 AM   #14
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Originally Posted by dereksatkinson View Post:
I think too much technical damage was done today.. very bearish.
In terms of gold, the breakout triangle is still intact imho. It would have to breach ~$1680
Plus gold bounced back from the 50dma ($1705) a few minutes ago.
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Old 12-08-2011, 03:28 PM   #15
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Hurray the 3-4 pm rally
Where is the daily rumor?
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Old 12-08-2011, 03:32 PM   #16
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here is our rumor:
http://www.zerohedge.com/news/presen...-deux-ex-rumor
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Old 12-08-2011, 03:32 PM   #17
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Yup, right on time as usual. The shit for volume vapor rally is underway. This is a daytraders wet dream. If you had enough scratch, and balls of steel, you could sweep up pennies for an hour a day, every single fucking day.

What an absolute comedic tragedy our once powerful markets have become. Now, they are the joke of the world.
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Old 12-08-2011, 03:38 PM   #18
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Commodities don´t buy it. Says it all.
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Old 12-08-2011, 03:40 PM   #19
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Ok the party is already over, lmao
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Old 12-09-2011, 09:20 AM   #20
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So here we had the daily 8-9 am ET pre-market drop in everything, seems like it´s reversing now
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