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.0006 needs to hold. it looks like accumulation to me; more buying vol
mike, dont worry for a minute. She is in the hands of God.
Most likely it will be one of the richest times of her life on earth and she might recruit you when she comes back. I leave with my daughter for Kenya on mission w/ my church the end of this month and we cant wait. for me a week on mission is like 6 months of living/growing in a wonderfully intense type of way thats hard to put into words.
and, I bet they were buying the furious metals and energy plunge yesterday cause they knew what this morning would bring or should I say what they would bring;
its the wild west and the so-called rule of law is a joke
now I understand yesterdays commodity surge. europe's leaders already worship obama and now they are saying, me too.
they will follow the us fed. i'm almost out the door. good luck to all today.
the flood of cash is winning - for now
http://www.cnbc.com/id/30616368
yeah but the us buck has been declining for 2 wks or so and commodities have not been raging. I dont understand the surge in commodities today. if the euro boys cut tomorrow, the dollar may bounce. half way thru the day all resource plays were getting bot. gold was relatively lagging. silver already broke out.
i'm not complaining but just trying to figure this out. look at the move in oil and even natgas today. i'm long the aussie cause its resource based.
>
got zinc
spx may need to tag 943.85 today or tomorrow unfortunately i wont be here thur & fri
stepped out for awhile but it looks like we are on the verge of some new stimulus or infusion of cash - all my commodity plays are flying - someone is playing inflation or something
i own some penny stocks that are up 25%+
ndx has been in a league of its own; it has led and today is
red; I'm looking at the spx & indu pattern from early jan.
note that the stocks that are pumped are state owned;
geithner has not yet bot techs - but give it time
geithner made numerous statements, speeches and testimonies before congress to the effect that the banks were "well" capitalized and needed "no more" capital. i guess everyone loves or expects the lying. these fantastic banks still have toxic assets and need to raise capital
they have all the financials ramped and we still have no daily hi; I'm watching 915ish; techs red
still could mirror jan 6
SWC pgms
white metal ANO
just saying it looks similar; fri jan 2 nice white candle, monday the 5th doji and the 6th a mini gravestone; right now today looks like Jan 6
if they keep this up or flat, it looks alot like Jan. 6
silver
sure sign of raging bull market - states on welfare; soon no one will have to work or produce - obama will just print money and hand it out
http://www.usatoday.com/news/nation/2009-05-04-fed-states-revenue_N.htm
LOL improving housing market; now they can report inventories are "down";
http://www.latimes.com/business/la-fi-demolish5-2009may05,0,4930126.story
hey 2bit. IMHO it is neither. our "economy" is based on the fed-central planning committee. the banks are in a bull run
because: (1) toxic assets are ignored, (2) the fed is pouring billions of taxpayer $ into the banks and buying everything from subprime mortgages (look at the balance sheet) to outright equities and backing bond sales with guarantees, (3)
the banks are allowed to rape consumers with sky hi interest rates, exorbitant fees and charges. Bernanke is publicly bragging about the fed buying bank stocks. if financials start to fade, there is immediate buying in GS. if the Qs start to fade there is buying in AAPL. if the fut go red at night, there is buying there. last week someone on tv said the feds goal was to push the market thru 875 to force fund buying. they need help to prop up the market and its not hard with the light vol. employment is rising but we keep hearing that everything is getting better. if any private individual engaged in such conduct they would be put in jail.
the whole stress test is a joke.
POT - possible ascending triangle and oct gap @ 127.54
CSIQ
PGJ and FXI working nicely and on good vol
silver was smokin today; SLW looks like a bullflag possibility
>
LOL i think they limited the survey to chrysler union guys;
you know the ones with the huge grins today
no more need for saturday nite live; just show the coverage on cnbc the past few weeks; youtube has a bunch of new material
nardelli is so excited because the one thanked him
china starts investing in taiwan
PGJ flag break
well, goldman is not selling any debt or equity and the fed is not up, but geither will be busy buying auto stocks and so?
we're in a new era - jobs dont matter and when you trade you are trading with or against the central gov't
last night they were buying futs before the GDP
remember the old days when they complained about EOM markup and insider trading and market manipulation - so old fashioned;
never even hear about the SEC anymore
changing vocab/disappearing words.
1. deficit, gone; now that a republican is not in office its
"investment."
2. war on terror is now overseas contingency
3. terrorist is now, victim of american arrogance or someone leaving gitmo and looking for a gov't flat in manahattan
4. 5% unemployment (remember how bad 5% was when pres Bush was in office) now, 12, 13 or 14% is cool, no problem.
5. free markets are now "fair" markets as in fair to those who voted for the right guy or gave heavy campaign contributions;
6. "pork" or "wasteful spending" - guess it doesnt exist anymore
just ask murtha
funny - no one asked about the 13%+ black unemployment rate;
well at least they are available to happily answer those polls
about how popular the pres is - change you can believe in
http://www.bls.gov/news.release/empsit.nr0.htm
chrysler - another 6 billion from the tax payers, the union gets 55% ownership and an open commitment of more tax dollars;
geithner announces today he can use tarp as he pleases including auto investments
http://blogs.wsj.com/deals/2009/04/29/mean-street-mr-blooms-magnificent-chrysler-deal/
"creating millions of jobs" says our pres. where???
http://cbs2chicago.com/business/chicago.unemployment.figures.2.997271.html
our pres says that if we throw water in the face of a terrorist who desires to murder every innocent in sight, its torture. however, if you stick a pic in the head of an unborn and slaughter it, no problem. just protecting american values - you know, protect the terrorist and kill our babies.
china driving some nice action in industrial and base metals;
along with weak US dollar PMs are also getting some life
no splurge of buying; maybe its just geithner and gs selling and buying with each other; fed is printing money and buying its own debt
here it is 875 and 8190; can they?
i doubt it; the market is divorced from the real world; its just a pin ball game to me; i'm adding some DXD and SDS at 8190 and 875ish
look at the declining volume on the indicies; the players and manipulators know they can push things around in a thin market
that said there are plenty of individual stocks that are great on the long side
CCJ
RGR
nice. guns still working; RGR beats
http://finance.yahoo.com/news/Sturm-Ruger-amp-Company-Inc-bw-15060883.html?.v=1