06/28/2012 Live Update

[jarbo456]

anyone have a medium to longer term view on DOW?

[TraderGirl]

Well, well, well, here we are at 25.50 on SLV...confluence of support here...let's see if this holds....
If not there is support around 23.50-24....

[SWalsh]

Obamacare upheld = terrible.

Muppets going to get crushed = take them to the hospital.

If one reads a book about Bush entitled "Imperial Presidency" (I think) one knows how Roberts ascended to power through one particular Appellate ruling about a plane crash. Conservative? He is as corruptible as it gets. It is surviving as a "tax". Shades of FDR.

There is more freedom in Russia than the United States. 52% of America showed they were fooled, and one man just took over a nation.

Doesn't mean the worm won"t turn yet again. For the better if things get unreal. Our neighbor National Guards will not fire upon us, no more Kent State.

I agree....I know a number of cops and they will only go so far, and confiscating guns is not a line they will cross as they know they would need a full SWAT team hitting every house and that some people will die first which will cause a civil war. I swore an oath to defend the Constitution, not some lying Chicago Thugocracy.

[soku]

some smart ass told me vix term structure indicated the ruling last weekend. and he long hospital and short insurance to be roughly neutral. damn it. i am learning

[Cobra]

should be at least 2 legged down. green line below might be tested.

[soku]

risk off everywhere. oil down big. gas down big. gold
es to test low

[gappy]

Obamacare upheld = terrible.

Muppets going to get crushed = take them to the hospital.

If one reads a book about Bush entitled "Imperial Presidency" (I think) one knows how Roberts ascended to power through one particular Appellate ruling about a plane crash. Conservative? He is as corruptible as it gets. It is surviving as a "tax". Shades of FDR.

There is more freedom in Russia than the United States. 52% of America showed they were fooled, and one man just took over a nation.

Doesn't mean the worm won"t turn yet again. For the better if things get unreal. Our neighbor National Guards will not fire upon us, no more Kent State.

I agree....I know a number of cops and they will only go so far, and confiscating guns is not a line they will cross as they know they would need a full SWAT team hitting every house and that some people will die first which will cause a civil war. I swore an oath to defend the Constitution, not some lying Chicago Thugocracy.

Here here! Booyah! I am ex 18th Airborne Corp.

[SWalsh]

anyone have a medium to longer term view on DOW?

It's been 30-50% overvalued due to money handed to banks to push it up.

Obama got control of "the football" and the PPT and realized it was a way to manipulate the mkts as Bernake thinks America is dumb enough to believe a high price on the Dow means everything got better.

Stockton, CA just declared bankruptcy. Municipalities own 35-50% of stocks in portfolios. A matter of time....just a matter of time.

[SWalsh]

Obamacare upheld = terrible.

Muppets going to get crushed = take them to the hospital.

If one reads a book about Bush entitled "Imperial Presidency" (I think) one knows how Roberts ascended to power through one particular Appellate ruling about a plane crash. Conservative? He is as corruptible as it gets. It is surviving as a "tax". Shades of FDR.

There is more freedom in Russia than the United States. 52% of America showed they were fooled, and one man just took over a nation.

Doesn't mean the worm won"t turn yet again. For the better if things get unreal. Our neighbor National Guards will not fire upon us, no more Kent State.

I agree....I know a number of cops and they will only go so far, and confiscating guns is not a line they will cross as they know they would need a full SWAT team hitting every house and that some people will die first which will cause a civil war. I swore an oath to defend the Constitution, not some lying Chicago Thugocracy.

Here here! Booyah! I am ex 18th Airborne Corp.

I'm sure you heard this before, but why would you jump out of a perfectly good airplane?
OohRah

[Mr. BachNut]

should be at least 2 legged down. green line below might be tested.

That green line looks like a pretty good H&S neckline. Did anybody say "Evil Plan" ?

[SWalsh]

risk off everywhere. oil down big. gas down big. gold
es to test low

They said yesterday the ruling was written. I wonder if at 3:15 AM The Lloyd, in doing God's work, got a copy?

[Petsamo]

You guys see that double top on SPY on the 1 min? I sold my F but it isn't dropping big enough

[gappy]

I'm sure you heard this before, but why would you jump out of a perfectly good airplane?
OohRah[/quote]
hahaha! Not the brightest bulb in the box.

[jarbo456]

anyone have a medium to longer term view on DOW?

It's been 30-50% overvalued due to money handed to banks to push it up.

Obama got control of "the football" and the PPT and realized it was a way to manipulate the mkts as Bernake thinks America is dumb enough to believe a high price on the Dow means everything got better.

Stockton, CA just declared bankruptcy. Municipalities own 35-50% of stocks in portfolios. A matter of time....just a matter of time.

i see chicken little.

i was actually talking about the chemical company, which very well may be over valued, but because of european exposure and slowing chinese growth. it's now hitting it's 6th major down day in a row, and looking to decisively take out it's 200dMA.

[ClarkW]

EDZ working well but that UGAZ bought an hour ago for a quick and somewhat painful loss. Thankfully it wasn't a full position but man that was a stupid move!

[SWalsh]

I hope everyone is familiar with the increased taxes on everyone, but illegals, that will go into effect in January. Unless there is a stunning turnout from the Moral Majority (I think Nixon coined that term?) we might have a president for life.

The 1/4% trader tax that Europe wants and socialist government being elected? I have news for any day trader. You cannot trade with 1/2% of every trade you do is "taxed" to fund the bailouts. The mkts will die while "banks" get exemptions.

A lot of bad things just happened. And unless the republicans take both houses and can defund the "tax" that goes into this, if that is even possible, it's over. Socialism light, then socialism hard. Own stocks? No, sorry....won't do it.

[SWalsh]

anyone have a medium to longer term view on DOW?

It's been 30-50% overvalued due to money handed to banks to push it up.

Obama got control of "the football" and the PPT and realized it was a way to manipulate the mkts as Bernake thinks America is dumb enough to believe a high price on the Dow means everything got better.

Stockton, CA just declared bankruptcy. Municipalities own 35-50% of stocks in portfolios. A matter of time....just a matter of time.

i see chicken little.

Extremely knowledgeable people have been called that....thank you

[SWalsh]

You guys see that double top on SPY on the 1 min? I sold my F but it isn't dropping big enough

It was a perfect a-b-c I shorted. Stop is at 131.85 SPY

[Petsamo]

RIMM earnings are after-hours. Who's placing bets?

[KeiZai]

Posted this chart of SLV last night...

Yeah thanks TG, sold at open with tiny loss, I was hoping for higher inflation - lesson learned again - frontrunning is no no no and fundaments sucks
where is all that printed money btw? why is inflation so low? they are eating them or what?

never mind thanks senorita <3