Well today is Friday the 13th,
Grab the popcorn, London opens in 1 hour
FTSE up 200 points (4%)
No black Friday today
Plunge Protection Team, irrational exuberance
Just a temp PPT surge to make the cliff higher, before the markets fall off of it.Originally Posted by Warlord
FTSE up 200 points (4%)
No black Friday today
"The US is headed for a massive recession, stagflation."
Make America the Land of the Free & the Home of the Brave again
1500 pts in 12 minutes! I guess we know where the Fed's $1.5T yesterday went today.
Trump: "We're going to start shutting the country down effective today."
Markets: "BUY EVERYTHING IN SIGHT RIGHT GD NOW!"
So tired of this manipulated bs.
"Let it not be said that we did nothing."-Ron Paul
"We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book
Yeah it's tiresome.
They have really pumped the market. So instead of Black Friday it's Green Friday.
It'll head back off the cliff next week but seriously, they're not even trying to hide how rigged this stuff is. They even timed the press conference to exactly give the markets time to be run up by the PPT and end right at the close so the selling pressure can't kick back in. Scripted.
(more available testing is a double-edged sword since it could also reveal much wider spread infection, which is back to market negative. any word on where all of that DNA from the mouth swabs will end up?)
Last edited by devil21; 03-13-2020 at 02:36 PM.
"Let it not be said that we did nothing."-Ron Paul
"We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book
Make America the Land of the Free & the Home of the Brave again
This is how markets behaved before there even was a Federal Reserve. Markets just don't go to zero because you wish it that way. At some point there are no more brain damaged people left to panic sell. And you always have people stepping in to buy at a discount to participate in the million percent a century upward drift that holding risky equities affords you.
The secret to making money was laid out in 1887. Don't remember a Fed in 1887. not always easy to do and occasionally you take big losses but works over time. http://www.dailyspeculations.com/Letter/cane.htm
“But few gain sufficient experience in Wall Street to command success until they reach that period of life in which they have one foot in the grave. When this time comes, these old veterans of the Street usually spend long intervals of repose at their comfortable homes, and in times of panic, which recur sometimes oftener than once a year, these old fellows will be seen in Wall Street, hobbling down on their canes to their brokers’ offices.
“Then they always buy good stocks to the extent of their bank balances, which they have been permitted to accumulate for just such an emergency. The panic usually rages until enough of these cash purchases of stock is made to afford a big “rake in.” When the panic has spent its force, these old fellows, who have been resting judiciously on their oars in expectation of the inevitable event, which usually returns with the regularity of the seasons, quickly realize, deposit their profits with their bankers, or the overplus thereof, after purchasing more real estate that is on the up grade, for permanent investment, and retire for another season to the quietude of their splendid homes and the bosoms of their happy families.”
Last edited by Krugminator2; 03-13-2020 at 03:30 PM.
Right. Nothing to do with trillion dollar injections and PPTs and timed press conferences. Everyone and their brother decided to buy all stock indexes in unison 15 minutes before the close on a Friday during a national emergency. Sounds legit.
eta: I could see people piling into Walmart/Walgreens/Pharma at the last minute based on the speech contents but the indexes started falling fast when Trump said the words "National Emergency", Dow it 550 then *bam* moonshot, 1400+ pts in minutes on nothing positive whatsoever. Some pharma and drug stores stocks do not make for a 1500pt ramp.
Last edited by devil21; 03-13-2020 at 04:13 PM.
"Let it not be said that we did nothing."-Ron Paul
"We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book
Correct. People time trades off of catalysts. The market was a coiled spring loaded to max to go up. You had a super stretched VIX and highest put/call ratio. The market was going to have a rip your face off rally no matter what. It was just a matter of when. People waited around for Trump's speech before the move was going to happen. He was so terrible sounding that the market tried to sell but it wanted up. It's just how things work. Most moves happen premarket and end of day. This happened end of day.
I'm not buying it. No sane person is loading up on anything right before the close over a weekend these days. That's suicide. Back in 2008 we had dead cat bounce days, so yes those are normal and to be expected. The scripted and staged move today was just ridiculous.
Yeah yeah it's just the "market"...
"Let it not be said that we did nothing."-Ron Paul
"We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book
The last seven friday's have closed down. That tends to be extremely bullish because it is a sign of fear of event risk. I didn't know if that would change today but I did know it is a positive sign for the market over the near term.
Actually 2008 had two rallies like this in October. The day after Lehman feel was like a 13% up day . Look up a chart. October 10th to two days later rebounded 25%. The low of October 26th or so rebounded 18.5%. November has a washout rally of 18%.Back in 2008 we had dead cat bounce days, so yes those are normal and to be expected. The scripted and staged move today was just ridiculous.
Some of the biggest rallies and up days in history were during the Great Depression.
I'm going to start using the word oftener.
"He's talkin' to his gut like it's a person!!" -me
"dumpster diving isn't professional." - angelatc
"You don't need a medical degree to spot obvious bullshit, that's actually a separate skill." -Scott Adams
"When you are divided, and angry, and controlled, you target those 'different' from you, not those responsible [controllers]" -Q
"Each of us must choose which course of action we should take: education, conventional political action, or even peaceful civil disobedience to bring about necessary changes. But let it not be said that we did nothing." - Ron Paul
"Paul said "the wave of the future" is a coalition of anti-authoritarian progressive Democrats and libertarian Republicans in Congress opposed to domestic surveillance, opposed to starting new wars and in favor of ending the so-called War on Drugs."
Like I said, dead cat bounce days are normal and occurred in 2008. They do not, however, organically rise 10% in the last 15 minutes at the close on a Friday on no major news whatsoever unless the PPT is throwing the full force of the ESF at the indexes. You even said that the last 7 Fridays have closed down. There was nothing to change that sentiment. The commentator in the video explains it well. Of course he's labeled a tinfoil truther by the CNBC mouthpieces in response. Not a chance that was anything other than a highly coordinated scripted act to moonshot the indexes right before the close after a brutal week.
No matter, it's back off a cliff again shortly once the "test results" announce widespread infections.
"Let it not be said that we did nothing."-Ron Paul
"We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book
hell no.
I'm expecting it to break 19,000 today.
Trump's legacy is effectively undone.
I think by tomorrow evening it has a chance to go under 19K
Do something Danke
As an avid ticker watcher, I can 100% state that the markets are 100% controlled DAILY by the PPT now. Check out the last week's charts where EVERY MORNING the markets want to go negative after a down day, they are IMMEDIATELY turned back green when they turn red. EVERY TIME. Two day sell-offs are not being allowed to occur even though markets clearly want to. The entire thing is rigged.
The Fed will end up with full title to every stock.
Last edited by devil21; 03-20-2020 at 08:40 AM.
"Let it not be said that we did nothing."-Ron Paul
"We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book
Krugminator could be buying all of that .
Do something Danke
The moment the NYSE cleared all people off the floor and became completely computer controlled was the moment the NYSE was turned over entirely to the PPT and the charade of any "market" was over. This is ridiculous and needs to stop.
Last edited by devil21; 03-20-2020 at 08:48 AM.
"Let it not be said that we did nothing."-Ron Paul
"We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book
Ya , I don't see how you have a stock exchange with an empty pit .
Do something Danke
Look at the top market movers today: Casinos, cruise lines and airlines! WTF kind of bizarro world $#@! is this?
"Let it not be said that we did nothing."-Ron Paul
"We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book
airlines and cruise lines should be around 0 . However that would be assuming Americans were bright and we all know that is a stretch. So who knows ?
Do something Danke
I am hugely stuck and deserve ridicule and have been wrong about this whole thing, but.... still think we see the biggest short term up move in percentage terms in stock market history out of this. I have a dozen or so indicators I look at and they are all off the charts historically.
SPY at 239.5 right now.
I would not ridicule you . I hope you strike it rich .
Do something Danke
DOW falling fast...
Oil now $19
They must have honored my demand to stop it lol. It literally topped right after my last post.
"Let it not be said that we did nothing."-Ron Paul
"We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book
Quite rare to see it fall so fast into the close.. Any idea what prompted it? I know the GOP are trying to pass a stimulus maybe it leaked and it wasn't good news..
I'm stickin' with my story.
eta: @Warlord - CNBC just announced the first major hedge fund default and liquidation.
Last edited by devil21; 03-20-2020 at 03:07 PM.
"Let it not be said that we did nothing."-Ron Paul
"We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book
feel so good to see Trump trainers suffer. I am once again reminded of what it means to be a Ron Paul supporter : happy when people lose money for believing in a fraudulent system. It took me 12 years to see this day, but totally worth the wait. I'm sure many people have lived through WW2 and still can't say they've seen the same.
Posting Permissions
Reply With Quote
Connect With Us