Courtesy of Shaza
TriggerPoint Research Equities: Stocks Poised to Drop!
28 minutes ago
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27 comments:
This is a long one so sit down with a cup of coffee or a beer. Shaza highly recommends and I will watch when I get home.
I have a nasty feeling that Sitka's absolute return fund is gonna get really shellacked today as it's on the wrong side of a lot of this. We'll see. Its only a day ....
What about doing some day-trade longs early today? Make hay while the sun shines.
I'm trying to get long here for some quick trades, not having much luck so far - my Broker is crap, can't keep up with price changes.
'Rule 48' must be "you won't get any idea of the price, just buy it anyway"
LOL I was shut out, tried to bid some Ultra Bull ETFs but the prices flew away from me. Would have had to use 'market' orders, who knows what price I would have got -probably the high of the day.
What a joke.
Never underestimate the power of the Fed. Look at that market fly. I just took a look and everything is green and up over 400 points. That is just what was needed to calm down all the gloom and doomers.
Just as I spoke everything is in full retreat. Everyone is taking the profits already.
The US dollar is down .84 and gold went with it -13.00. Once again I cannot figure out this market.
GAW,
Probably a good thing you got shut out. Anything could happen
Reverse of 'flight-to-safety' - what went up last week on the crisis will go down on the save. For a few hours anyway.
See where it closes today. Profit takers will sell the rip, after that (maybe 11 AM) we'll see if Bullish mania prevails.
I see China did not do much on this news, HK moved up 2.54%, Tokyo 1.6% but Shanghai only 0.39% - if China is not on board (see what happens tonight), hard to see a global rally having real strength.
THis doesn't look like money printing to me:
a €750bln stabilization program
(that is nearly $1.0 trillion!) that includes €440bln of government-backed loan guarantees ($570bln) and bilateral loans provided by Eurozone members; €60bln ($75bln) provided by all EU members through expansion of an existing balance of payments facility; and up to €250bln provided by the IMF
It's loan guarantees, basically.
quote form david rosenberg
Well I took advantage and dropped half of my HL holdings at todays peak. Still holding 400 shares so let's see what happens.
I didn't know that loan gaurantees would drive the market up so high. Thanks you for another lesson even though I don't know that I would have even been aware. Isn't this just another way to kick the can?
That kid is so young.
Yes 'loan guarantees' to Banks (650 Euro area Banks were said to be in 'distress' last week) they own too many crappy Euro Bonds, they have to be able to move them or they are insolvent or at least illiquid.
Short term, it means few Banks in Europe will go now under - they have the nod from the Central Bankstas now. Longer term, I am not sure it helps Greece or whomever to recover - can't solve a debt problem with more debt.
The long term implications are, you would think, inflationary. But what if the CB's conspire in a ZIRP Plan - nobody raises rates, to keep rollover costs down on their Bonds?
They can't have Euro or Japan or US/Canada/UK/world (whatever CB's are in on the scam) raising rates on their own as then their currency would rise, the outcome none really want.
I don't know what to think at this point. Does E 1 Trillion or 2 buy you a global recovery, or does it fall short?
ht zh
LONDON, May 10 (Reuters Life!) - Almost three-quarters of Britons have considered emigrating this year, with Australia as the most popular destination, according to a new survey.
The survey carried out by foreign exchange broker Currency UK found that 31 percent of respondents cited the poor state of the British economy as the reason for wanting to leave, while 23 percent blamed the lack of job prospects and 19 percent said they are worried about the outcome of last week's election.
"Our survey highlights that many Brits are concerned by the prospect of a hung Parliament and that the next four years will be dominated by huge tax rises, cuts in public service and inflation," Currency UK senior account manager Adrian Jacob said.
The numbers have dramatically risen compared to Currency UK's last survey on emigration in 2005, when only 25 percent of respondents said they had considered leaving Britain.
About one in 10 of the 1,029 people surveyed said that a change in the pace of life was the main reason they wanted to emigrate.
The survey also found that Canada was the next most popular destination after Australia, followed by the United States, New Zealand, Spain, France and Thailand.
Jump for joy
"Other than that, the only question is waiting on the moment when these major indexes clear resistance of the 50 day moving averages which they've all fallen below. Once they do, the mandate by central bankers is clear. You keep buying, at any price, at any value. You must assimilate - fiat money is toilet paper.
Unlike my mistake in 2009, I shall be a good lemming and pile in once these moving averages are cleared as the Beranke Forcefield now extends globally. Risk has been offloaded to Saturn and other celestial bodies, no longer a factor on Earth and as speculators (or long biased mutual funds) we can only hug in glee.
p.s. let me tell you, anyone with any sort of meaningful exposure to a short position this morning - or puts - simply can have an entire year destroyed."
One view.
This video goes a long way to
detailing who's beind all this. only 2 minutes
http://www.youtube.com/watch?v=8nxo0fS2VMM
who's manipulating the maket now?
[the usual suspects]
Euro seems to be up from Friday, but slipped, like stocks, from early morning coffee high
Faded to 1.2837 vs US $, gain vs Yen and Swiss Franc but still red vs GBP/CAD/AUD, gold in $ did not fall much - flight to safety concerns are still on it seems
ETF's and flash crash
extra risk in ETF/ETN in general because of the way they are used... never though of that one.
I think it extends to most of the big stock and Index Funds - whatever the black boxes trade and the logical hedges for those.
"Beranke Forcefield now extends globally"
GAW I think I said it the other day when reality is suspended, anything can happen.
Mugabe I will have to waiit until I get home to watch the video. All videos are blocked by the IT gods.
Of course! Goldman Sachs, or how to mint money daily
"The numbers are in: Goldman Sachs made money every single day in the quarter ended March 2010, and at least $100m on 35 of those days, according to the former investment bank’s latest filing with the SEC."
They're going to need the money for legal:
" lawsuits alleging, among other things:
breach of fiduciary duty, corporate waste, abuse of control, mismanagement, unjust enrichment, misappropriation of information and insider trading, and challenge the accuracy and adequacy of Group Inc.’s disclosure…..
"The many legal risks of Goldman"
" We are involved in a number of judicial, regulatory and arbitration proceedings (including those described below) concerning matters arising in connection with the conduct of our businesses…
Ahem. Are you sitting down?
Legions of lawyers are para-dropping in to sue everyone now. It will be a feeding frenzy. Legal briefs piled to the ceiling. Couldn't happen to nicer bunch.
Edgar great article. Fat finger my ass. We are under the fat finger of GS and JPM.
going to work outside
nice sunny day here
have a great day all
the bankstas make the lawyers look good. lol
Ivanhoe took off today. I knew that thing was oversold and had legs. I was on the HL bus while the Ivanhoe bus passed me by. Up over 8% along with Stillwater.
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