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Re: 06/20/2012 Live Update
Posted: Wed Jun 20, 2012 12:10 pm
by KeiZai
SWalsh wrote:KeiZai wrote:SWalsh wrote:KeiZai wrote:Thanks TG!
very strange behavior, bonds down - metals down - commodities down - dollar down - indices down - euro up WTF?
Euro looks like a corrective bounce only.
I invite you to look at TLT in 2008 and what it did to stocks.
Benny is in The Liquidity Trap. None of this is going to work, but they will continue to try with High Fascism Trading until they too realize they need to build a massive short.
your TLT chart is welcome, go on
It is possible, if not likely, that the US will also see the long-end of its debt see rising rates not due to a strong economy, but that in the final analysis, we aren't much better off than Greece and these increased rate will choke the economy.
We are well into one of the most sound of economic theories - The Liquidity Trap. Adding money slows velocity and DOES NOT generate anything but marginal GDP growth by a small groups that spends some money thinking the government is fixing things. When does this end? (and it will end). It ends when the mkt sees the only real Lender of Last Resort in the world as impotent, which it already is. Congress "borrowed" from future generations and in large part allowed illegal immigration in as a last ditch effort for lower wages, corporate profits, and a growing economy due to population growth (there are papers on this) and it gave us a Law of Unintended Consequences - The government demanded that banks allow these people to buy homes they could never afford.
The Debt Cycle is ending. We are going to begin deleveraging. If we are lucky, we will just have a decade of malaise. Japan's efforts would argue deflation will be the result. Gas prices at almost $3 during driving season? Pretty good indicator of the REAL economy, I'd say.
I agree with you, very wise comment and nice chart, THX
Re: 06/20/2012 Live Update
Posted: Wed Jun 20, 2012 12:12 pm
by Cobra
target.
Re: 06/20/2012 Live Update
Posted: Wed Jun 20, 2012 12:13 pm
by cougar
Paging BullBear!
IWM gyrating in limbo. Long IWM P78 (exp. 6/29) @ 1.07. We shall see…
Re: 06/20/2012 Live Update
Posted: Wed Jun 20, 2012 12:13 pm
by soku
MrMiyagi wrote:soku wrote:my wildest guess, for fun only
es dip to 1335 after the fed announcement, then go back up to close green for today.
No stranger than truth!
anyway i put an order to buy 1336.5
Re: 06/20/2012 Live Update
Posted: Wed Jun 20, 2012 12:15 pm
by Junoon123
Gold not confirming QE3. Silver is but then again it maybe because silver is considered as an industrial metal
Re: 06/20/2012 Live Update
Posted: Wed Jun 20, 2012 12:17 pm
by soku
it seems es bottomed at 1346 which is the support i mentioned earlier. it's not a buy considering we are only 12 min ahead of fed
Re: 06/20/2012 Live Update
Posted: Wed Jun 20, 2012 12:21 pm
by Cobra
I'm neutral as I see 3 push down here so might be 2 legged rebound. 10 min to rate announcement, judging by gold down oil down, there might be no QE3 or any money printing.
Re: 06/20/2012 Live Update
Posted: Wed Jun 20, 2012 12:21 pm
by Petsamo
soku wrote:my wildest guess, for fun only
es dip to 1335 after the fed announcement, then go back up to close green for today.
The Hang Seng set red candlesticks in the past 3 days.
India set red candlesticks in 2 of the last 3 days.
The Nikkei set red candlesticks in 3 of the last 4 days.
Re: 06/20/2012 Live Update
Posted: Wed Jun 20, 2012 12:23 pm
by KeiZai
usually this kind of divergence between NZD and AUD use to mean something
Re: 06/20/2012 Live Update
Posted: Wed Jun 20, 2012 12:24 pm
by uempel
Not yet sure if I'm going to do something, I'm in wait and see mode
Re: 06/20/2012 Live Update
Posted: Wed Jun 20, 2012 12:28 pm
by TraderJoe
MrMiyagi,
There should be some P-Bars soon???
Re: 06/20/2012 Live Update
Posted: Wed Jun 20, 2012 12:28 pm
by Petsamo
If anyone wants to go long on something, JOY is extremely oversold. nice fundamentals
Re: 06/20/2012 Live Update
Posted: Wed Jun 20, 2012 12:28 pm
by johnnywa
Should drop no worse than 1347 than bouce to at leadst 1361
Re: 06/20/2012 Live Update
Posted: Wed Jun 20, 2012 12:31 pm
by Cobra
ready for show time.
Re: 06/20/2012 Live Update
Posted: Wed Jun 20, 2012 12:32 pm
by knock
big ben opened mouth yet?
Re: 06/20/2012 Live Update
Posted: Wed Jun 20, 2012 12:32 pm
by soku
ot ext to the end of this yr
Re: 06/20/2012 Live Update
Posted: Wed Jun 20, 2012 12:32 pm
by Petsamo
we have excitement
Re: 06/20/2012 Live Update
Posted: Wed Jun 20, 2012 12:33 pm
by Cobra
nice show to start.
Re: 06/20/2012 Live Update
Posted: Wed Jun 20, 2012 12:33 pm
by KeiZai
yihaaaaaaaaaaaaaaa
Re: 06/20/2012 Live Update
Posted: Wed Jun 20, 2012 12:34 pm
by SWalsh
KeiZai wrote:
I agree with you, very wise comment and nice chart, THX
My pleasure. Unfortunately, Arrested Development told people to block me so I didn't post this. It seems to be working only PERFECTLY: