Cobra's Market View

From the FT (excerpt) JUST OUT September 20, 2012 7:26 pm EU in talks over Spanish rescue plan By Peter Spiegel in Brussels and Miles Johnson in Madrid EU authorities are working behind the scenes to pave the way for a new Spanish rescue programme and unlimited bond buying by the European Central Ba...

That doesn't make Bernanke Obama's responsibility, and even if it did, most seem happy to trade his stock market. If Bernanke was appointed by Obama, and then did all this QE under a Repub president, bring the market to new highs, you'd be saying how great a job he did thanks to the Republican presi...

Depends what you mean by responsibility. Bernanke was appointed by Bushy. Obama re-nominated him and he was confirmed by the Senate. Shocking news (yawn): “Federal Reserve policies favor the rich” http://finance.yahoo.com/news/federal-policies-favor-rich-103400831.html?l=1 Bernanke is Obama's respon...

If you believed transports lead, you'd have been wrongly selling all week.

Yessirree.

OverUnder wrote:Watching for break of 10:30 high to activate 123 pattern on gold off of double bottom.

Watching for break of 10:30 high to activate 123 pattern on gold off of double bottom.

Well, we've been reading every day, many times a day, for a couple of months now, about how the market is overbought. How is this time different. Nothing is dangerously overbought or oversold... Crazy! Expect more up from here :roll: SPX closed the highest above the upper bollinger band (121%) since...

Applause. Can you please post that all over the internet, stupid people need to get smarter. Romney came out and said BO's policies not work hence the Fed's bazooka. What if Romney is in...then what? One more for the road, my prediction for next president of the USA. I think Mr. O will rock on. Romn...

Fun fun fun. Bought VXX $9 weekly puts for 5 cents 1 minute prior to 12:30 announcement.

IMF at opening bell: Greece will need a 3rd bailout.

Nope Al, I would never -- well rarely -- I mean almost never -- talk about someone on the board that way. I mean the guys on TV.

Al_Dente wrote:

OverUnder wrote:Apple up 1.6% as I type this. Nice job gloom and doomers. That being said.

overunder: U mean me? am I too gloomy and doomy?

Apple up 1.6% as I type this. Nice job gloom and doomers. That being said.

Wow, the announcement of the 2 day meeting is actually on Thursday, had to check that. The old switcheroo, eh.

Mr. T wrote:Are bears an endangered species yet??

I don't know how they can pull out a win before Ben prints again on Thursday......

The Secret of Ben Bernanke's Beard By Jeffrey Goldberg inShare.2May 3 2012, 8:17 AM ET5 I'll leave it to others to parse Ben Bernanke's policies. Instead, I'll do the crucial work of parsing Ben Bernanke's beard. This is from my Atlantic advice column, "What's Your Problem?": My answer, wh...

GLD DTO indicator at extreme of extremes. Seems to be more reliable of a top than the SPY version historically. Doesn't necessarily mean it pulls back a lot more today specifically, but could.

Looking decent. Need Scrooge to send a big Christmas GOOSE.

Gold above April highs now with conviction. Clap your hands if you believe in QE!

DON'T SAY THAT AGAIN. Look what happened yesterday.

I'm not prepared to precommit more than 1403 gets you 1405.

Al_Dente wrote:

OverUnder wrote:Wedge's bigger brother:

thanks boss that kind of wedgie usually breaks to upside, right?
oh shite

Wedge's bigger brother:

Here's the full article on the ECB bond buying plan news I posted earlier from Bloomberg:

http://www.bloomberg.com/news/2012-08-3 ... -plan.html