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Ags Nightmare 
Mania playbook warning....
Once again, watching the reactions to the economic "numbers" (which collectively are about as believable as Eddie Haskell genuinely telling Mrs. Cleaver he likes her dress), go into "win win" mode for the bulls. "Why Mrs. Cleaver, you look lovely today. May I help you with your groceries? Wallace and Theodore suggested I assist you."
But hey, all is good.
The Bad is good win.
ADP numbers lost private jobs. Response: Bulls rally because the economy is crap and Bennie and the jets will give free money to the banks to buy stocks ! Futures rally.
The good is better win.
Then the ISM number comes out and someone lowered the bar so low it looked like a blow out even though manufacturing activity was just slightly higher than July. Pigmen use free money wired to them because of the lousy ADP number to buy stocks. Response: Bulls go absolutely ape sheet. The depression is over!!
OK, so what happened to the rally based on sheet being so bad in the early morning we need QE 2?
It was discarded for the ISM bottle rocket that showed our economy is "booming". In typical bubble fashion, the market participants act like a bunch of binge drinkers doing waterfalls out of a Heineken keg and diving into kiddie pools full of vodka. This guy teaches Philosophy at Harvard University. The guys holding him are doctors.
And remember, today Crapvision will be running the Crapple infomercial all day. We get to pay for downloads of stuff we can watch for free on TV. Awesome!
Some times I feel like the stock market is a referendum of Americans' stoopidity. We'll be overbought in a few hours. We just passed through two economic cycles, so be patient bears.
As for this mornings shorts...
Once again, watching the reactions to the economic "numbers" (which collectively are about as believable as Eddie Haskell genuinely telling Mrs. Cleaver he likes her dress), go into "win win" mode for the bulls. "Why Mrs. Cleaver, you look lovely today. May I help you with your groceries? Wallace and Theodore suggested I assist you."
But hey, all is good.
The Bad is good win.
ADP numbers lost private jobs. Response: Bulls rally because the economy is crap and Bennie and the jets will give free money to the banks to buy stocks ! Futures rally.
The good is better win.
Then the ISM number comes out and someone lowered the bar so low it looked like a blow out even though manufacturing activity was just slightly higher than July. Pigmen use free money wired to them because of the lousy ADP number to buy stocks. Response: Bulls go absolutely ape sheet. The depression is over!!
OK, so what happened to the rally based on sheet being so bad in the early morning we need QE 2?
It was discarded for the ISM bottle rocket that showed our economy is "booming". In typical bubble fashion, the market participants act like a bunch of binge drinkers doing waterfalls out of a Heineken keg and diving into kiddie pools full of vodka. This guy teaches Philosophy at Harvard University. The guys holding him are doctors.
And remember, today Crapvision will be running the Crapple infomercial all day. We get to pay for downloads of stuff we can watch for free on TV. Awesome!
Some times I feel like the stock market is a referendum of Americans' stoopidity. We'll be overbought in a few hours. We just passed through two economic cycles, so be patient bears.
As for this mornings shorts...
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End_the_bubbles
01 September 2010 - 10:13 AM
Hard to say if this is going to be a 5 hour or 5 day "BULL$HIT Market" - but the # of people shorting this is staggering. No way they don't get squeezed. How haven't people figured that scam out by now?
"Price discovery" my Arse. This is just a flat out scam every minute of every day. Even Dan Loeb, manager of Third Point Hedge Fund said;
"Price discovery" my Arse. This is just a flat out scam every minute of every day. Even Dan Loeb, manager of Third Point Hedge Fund said;
Quote
“It is easy to see why so many people have concluded that the entire system is rigged.”
Ags Nightmare
01 September 2010 - 10:22 AM
No one knows but the two mafia families. This is a 10 on the stoopid scale though...They are gonna have to shut of the machines and put people to sleep until the Crapple pump...
Frothy Conundrum
01 September 2010 - 10:50 AM
ISM was actually decent. Again, ISM is a month over month diffusion index that has absolutely no indicative
value for absolute level. But, month to month gain in manufacturing, at least that captured by ISM index, was
about the same in August as it was in July-at a moderately positive rate in both months. A rather precise post
but given all the obscurant bullshit-and plain lying-out there, we should try to keep the WSE as accurate as
possible.
value for absolute level. But, month to month gain in manufacturing, at least that captured by ISM index, was
about the same in August as it was in July-at a moderately positive rate in both months. A rather precise post
but given all the obscurant bullshit-and plain lying-out there, we should try to keep the WSE as accurate as
possible.
Lee Adler
01 September 2010 - 10:56 AM
Yes, but this is satire. Accuracy not only not required, but hyperbole is necessary as antidote for the mainstream media's false mantle of accuracy and impartiality.
End_the_bubbles
01 September 2010 - 10:58 AM
Frothy Conundrum, on 01 September 2010 - 08:50 AM, said:
ISM was actually decent. Again, ISM is a month over month diffusion index that has absolutely no indicative
value for absolute level. But, month to month gain in manufacturing, at least that captured by ISM index, was
about the same in August as it was in July-at a moderately positive rate in both months. A rather precise post
but given all the obscurant bullshit-and plain lying-out there, we should try to keep the WSE as accurate as
possible.
value for absolute level. But, month to month gain in manufacturing, at least that captured by ISM index, was
about the same in August as it was in July-at a moderately positive rate in both months. A rather precise post
but given all the obscurant bullshit-and plain lying-out there, we should try to keep the WSE as accurate as
possible.
Oh my, someone who believes that some stupid "#'s" actually have anything to do with this scam. Geez.
What is it we actually "manufacture" (ie - create) again? Short squeezes? - CHECK! Bogus BS Gov't #'s - CHECK! "MONEY" out of thin air? - CHECK! JOBS? - NOPE! Unless it's the STEVE or BLOW kind.....
And who are the people buying these things that are supposedly being manufactured? Would it be all the people out of work? Maybe all the folks in debt up to their eyeballs (pretty much ALL
AG's - You have a private mail in your inbox here. I think you can access it from the upper right clicking on the arrow next to your name.
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