Short term trades in the stock market •$$$$$•

[SpasticGramps]

It might be the only way to save your soul from having to redo life as a greedy bastard in a parallel universe after your death in this one.

That's good stuff right there. I love you too. Enjoy your ponzi meltdown.

 

[SpasticGramps]

USDCHF Plunges To Record Low Following Generali CEO Comments Eurozone Faces Risk Of Breakup, Flight To Safety Resumes

Yep. Europe again. Following comments from Generali's CEO Giovanni Perissinotto based on a transcript from a conference call earlier that the Eurozone is at risk of breakup (something which everyone knows, but nobody dares to say, especially not anyone whose CDS is trading in lockstep with those of Italy), the USDCHF just plunged to fresh all time lows. And so all the goodwill created by the robotic buying on the NFP headlines is gone.

Well everything is down about ~2% across the board again. I'm going to get the rest of my money out of the bank put it in my safe at lunch and go look for my Dow 10K hat. Bank runs and bank holidays are probably around the corner IMO. Hopefully this POS ponzi can hold together until I close on my next piece of riverfront property on the 12th.

 

[The iD]

if s&p breaks 1175 there is a ~50 point drop next. looks like its trying.

 

[SpasticGramps]

Italian PM is giving another ponzi pep talk. Let's see if it works better than his last one.

 

[headiez247]

Hopefully this POS ponzi can hold together until I close on my next piece of riverfront property on the 12th.

Jealous about all the property you buy but you clearly deserve it. How are you able to buy so much property if you don't keep cash in the bank? Do they accept the fact that you have other property and take that into consideration combined with what I assume is good credit score?

 

[DaPurps]

Things just took a fast swing for the better.

 

[Zen Master]

Progressive thinking didn't cause any "immoral casinos," greed did. You love money because you are poisoned by greed. Greed is a sickness. You have your priorities all out of whack. I suggest you go to the woods immediately and take an 1/8th of mushrooms with you. It might be the only way to save your soul from having to redo life as a greedy bastard in a parallel universe after your death in this one.

I got a good chuckle out of that.


so is love all you need alldayeveryday?

love doesn't pay my bills or put shoes on my feet, how do you pay your bills?


this thread is about short term trades in the stock market, not starting an oil field and letting it blow up or running a subprime scheme to bilk billions from average joe.

I'm not even sure what you're trying to accomplish in this thread, the whole 'epiphany while trippin on shrooms and now I dedicate my life to mother earth' type thing?

next you're gonna start bashing us for investing in precious metals because of the mining conditions


lol, you're cool with buying and using gas, just don't invest in the companies that produce it because then you're "financially associated with the beast", nice logic.

There are a lot of "legal" ways to make money that I wouldn't touch for ethical reasons.

so why are you in a thread about stock trading? business is cutthroat whether its porn or agriculture.

 

[CascadeFarmer]

There's that turn in the markets I was expecting.

 

[SpasticGramps]

Jealous about all the property you buy but you clearly deserve it. How are you able to buy so much property if you don't keep cash in the bank? Do they accept the fact that you have other property and take that into consideration combined with what I assume is good credit score?

I moved to a really small town from a really big city after 2008. The bank I use for loans is super small. You talk to the President/CEO for any loan. Whenever I close I'll go deposit the amount I need to cut for closing into the bank and then write the check. I have a near perfect credit score and make a good chunk of change so he likes working with me. I pay for the loan almost immediately too. I hate being debt, but do so to spread out large purchases over a few months.

The President of the bank is named "Butch" lol. He's like the local loan shark. Dresses the part too.

 

[CascadeFarmer]

so why are you in a thread about stock trading? business is cutthroat whether its porn or agriculture.

Nature in general is cruel and cutthroat. Just look at the food chain...lol.

lol, you're cool with buying and using gas, just don't invest in the companies that produce it because then you're "financially associated with the beast", nice logic.

I remember when Earth First sued Ford to make more energy efficient cars and less trucks/SUV's and I just laughed. They produce what consumers want. Then people would say that consumers are programmed by advertising to buy certain things and I would just go

 

[SpasticGramps]

Looks like the bounce came from the ECB's announcement that they are ready to follow in Benocide Ben's money printing madness. Super! Now everyone is printing money. Wonder what the half life of this intervention will be?

Stocks, Euro Surge On Another Central Bank Intervention Announcement: ECB Ready To Buy Italian, Spanish Bonds

More central bank intervention headlines, and the euro and stocks, which earlier were plunging without a floor, surge:

- ECB ready to buy Italian and Spanish bonds if Berlusconi commits to bring forward specific reforms according to sources
- ECB expects Italy to fast-track welfare reform, fiscal rule for bond purchases according to sources close to talks
- EU leaders applying intensive pressure on Berlusconi to make an announcement according to sources

Said otherwse, open the QE floodgates. Globally. Central banks now control it all. Net result, a 100 pip surge in the EURUSD, and a halt to the market plunge. For at least a few more minutes...

EUR/USD correlation is holding up although if the contagion continues to get worse (hint: it will). This should dislocate pretty soon IMO.

 

[SpasticGramps]

Nature in general is cruel and cutthroat. Just look at the food chain...lol.

I remember when Earth First sued Ford to make more energy efficient cars and less trucks/SUV's and I just laughed. They produce what consumers want. Then people would say that consumers are programmed by advertising to buy certain things and I would just go

Government Motors only sold 125 Volts in July. LMAO.

 

[SpasticGramps]

Intraday Trading Observations

From Peter Tchir of TF Capital Markets

It finally feels safe to get long some stocks and high yield. The move into noon was scary. The move since then has been equally scary. S&P moving around 30 points in half an hour seems wrong, but it does feel that weak longs got culled with these moves, once, if not twice. IG seemed to get used as a hedge because people couldn't believe how far HY had dropped and didn't want to pay up, so for the first time, investors seem to have gotten themselves hedged and wedged. That should help on any move upward. I have to believe that some Eurpean investors shorted S&P into their close as the move so big and fast. They are stuck now hedged and wedged and are likely to want to close out rather than keep.

The market has been showing up as heavily oversold, and finally feels like its oversold. The NFP number wasn't bad today. I was definitely surprised. I am dubious about the accuracy of the number, but nonetheless, given how oversold we are, it should add some support. I don't think the governments of the world, nor the central banks can do much to stem the crisis, other than print money in whatever form they prefer, but it seems like we will face a barage of these announcements. The ECB and Italy seem to be firing the first salvo, but I would be shocked if we don't also get a good QE3 rumour later today.

I'm not sure how long I will want to stay long. Nothing will have been solved, and I think Europe in particular cannot be solved because it will take the political will and money of a couple countries to solve the economic problems of other countries, but enough sweet things will be said, it will be easy for the market to rally. And European credit actually traded fairly well today for the most part. Some ugly moments for sure, and huge bid/offer, but it wasn't a disaster. I don't think we can get a particularly big rally, because after these moves, investors have to run smaller positions. I think SPX moved up 10 points and gave back 10 points in the time I wrote this

 

[master shake]

If you doing that with a simulator, your not nearly ready for real money. Wait until your doing well with a simulator, that way when you start with real money, you lose it slowly instead of in one day.

Yeah exactly, not the greatest timing though... Just my luck, I get in the day before the worst crash in 3 years...

 

[The iD]

im looking for a "V" day on EU, jobs & GDP reports, then EU close to ramp. ill be protecting profits w/ calls at the next couple support levels.

perfect day. we touched that -15% level in all the indices. i fully expect to see that doji for today. i collected short profits and now im positioned for this 5-10% rally this week on ECB bullshit, Bernank's threat of QE3/OT2/SD on tues, and more fake news this week. even if my prediction goes horribly wrong im protected to the downside w/ a bunch of my sept-nov puts. im holding on to some ITM contracts for when i feel confident to exercise and really go short. hoping gold starts taking a decent hit so i can trade in some 'Bamabux.

the way i see it, the market forced the EU's move to print more, their response was predestined, as it was the most probable response. rhyme long enough and one starts repeating one's self. the mayans knew, its all exponential. crazy how it can be visualized in a country's debt limit. twice as much $$ for half as long. bet this buys them 6mo tops, but could see them getting the same 1.5yrs as we are trying to, if it even goes thru. preemptive Marshall Plan cant be good for domestic relations.

this is the corpse shitting itself after it has been ripped apart by rabid animals. right when you think the rally is real, is when it craps all over you. gl & stay frosty,

-iD

 

[SpasticGramps]

Nice call! Right on the money.

I'm hoping these central banking parasite can keep the wheels on this bus for another couple of years. They are having to intervene more and more often spending more $$, but only get about half the time of panic recession.

And this is how it will end. Panic bailout, panic bailout, panic bailout, until the bailouts have no effect. Then it's just panic panic panic. Not news many of us of course, but today was a perfect example for those still wondering what is going on with the ECB coming in to do an emergency "rescue" of Italy as it went up in flames last night. Markets rebounded and everybody is back drinking the kool aid and smoking the hopium until the next catastrophe.

I'm good now if it shits the bed, but I have a lot more I'd like to do or acquire would be a better word before people realize the music stopped a while ago.

 

[AllDayEveryDay]

I got a good chuckle out of that.


so is love all you need alldayeveryday?

No, but you don't need to be greedy and complacent. Live simply so that others may simply live.

you're cool with buying and using gas, just don't invest in the companies that produce it because then you're "financially associated with the beast", nice logic.

Yes, that's correct. If it's flawed logic please detail how exactly. I'm not saying everyone should stop driving and buy a horse. I'm just saying it's shitty to profit from dirty companies that exploit people and the environment. Most people require what the oil companies are selling to live a normal life in this country. But I'll bet if the general population felt the way I do about it, and stopped buying their stock in protest of their unethical business practices, things would start to change.

why are you in a thread about stock trading? business is cutthroat whether its porn or agriculture.

Yeah I know. It was totally trollish of me. I was really baked and unpleasantly surprised to find this thread on a weed forum. Who the hell thinks of coming to a weed forum and starting a thread about the stock market? Aren't there wall street wannabe forums all over the web? Why here.

That's all. I'll go away now. Sorry, Thank you, you're welcome, all in advance.

 

[SpasticGramps]

This should be interesting.

Govt officials: US expecting S&P downgrade ABC News

A government official tells ABC News that the federal government is expecting and preparing for bond rating agency Standard & Poor’s to downgrade the rating of US debt from its current AAA value.

Official reasons given, he official says, will be the political confusion surrounding the process of raising the debt ceiling, and lack of confidence that the political system will be able to agree to more deficit reduction.

 

[Sam the Caveman]

Italy is putting a balanced budget amendment in their constitution. If us congress would have passed that in the debt ceiling bill, I don't think we would be getting a downgrade from S&P. We are long overdue for one though.

 

[The iD]

lol, downgrade is a bluff imo. we all know that the USD is Junk already, and that all the ratings agencies, except Dagong, which already lowered US to A+ from AA, are owned by the TPTB. or maybe a downgrade to offset a QEuro. idk, Megatron is shut down for a minute. i flipped on the tube and Kudlow was yelling again. ugh, my mistake. i think they will use the Dagong downgrade in the future tho to incite anger. im gonna enjoy the weekend away from all this noise, see you all @ the EU open. stay frosty,

-iD

edit: haha, another bad call. S&P downgraded US to AA+. changes nothing for me, but we shall see the market reaction on MOnday. enjoy the weekend everyone! perception is reality. make it good. peace.

edit2: would an upgrade back up to AAA in four days or weeks get a pop? spin. lol.