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6/13 Retail sales miss expectations: btfd 6/14: jobless claims disappoint? btfd 6/15: industrial production miss? btfd 6/18: syriza victory gap down? btfd 6/19: housing starts bad? btfd All before the FOMC announcement 6/20

He's advocating more central bank manipulation.

No crash before the Fed Meeting. Dass es verboten. Potential gap down following Greece election would quickly retrace ahead of Fed Meeting in anticipation of some policy action. The Bearded One will probably say "ready to act at any given moment, blah, blah, blah."

From a bear's perspective, the next couple of hurdles will be the 6/20 Fed decision, then the EU Summit 6/28 - 6/29.

Fool me once, shame on you. Fool me twice, shame on me.

If the trend is still down, then I agree this is probably the best time to re-short this market [assuming ~1340 when market opens]. I really don't see the Fed coming in aggressively with more easing unless SPX breaches 1200 level, so an exit somewhat above this would be ideal because the risk of...

Rally may not be as much as 3-4%. Part of move was priced in Friday on the rumor. Saudi market up only 1.30% http://www.bloomberg.com/quote/SASEIDX:IND/chart

Initial equity rally, but bond traders should be smarter now. Spanish yields should skyrocket within weeks, causing stocks to crash again, then another coordinated effort among central bankers + QE3 to manipulate everything back up again.

I know what went wrong for me. Stocks went up when I was caught with my shorts down.

GDX bottomed 5/16/12 and has been trending higher since. While GDX has pierced the 4/27 high, GLD has not. Gold didn't really put in a solid bottom until 5/30/12. Miners have been leading from recent lows.

I thought I was going to read about the trading version of TOE (Theory of Everything).

SPX barely declined 10% from the highs and TPTB were in panic mode, coming out with the BS Hilsenrath QE3 leak. I still think SPX could go down to 1210 level in the coming weeks before CBs go crazy (Almighty forbid should SPX ever trade below 1200 again because that would be the...

Okay, but stocks were susceptible to going down on bad news because there was no explicit QE3 hinted at today.

Back down to 1.2350 area within a few days.

Talk about a delayed reaction. SPX futures now -5.8 pts in after hours.

There you go. Stocks are in the red now.

Take out "illusion of control" and insert Potemkin illusion of prosperity. It should read, "Asset prices must always be maintained at higher and higher levels in order to maintain the Potemkin illusion of prosperity." In 2010, SPX was maintained at 1,000 level. In 2011, SPX held the 1,100...

First Law of central bank manipulation: Asset prices must always be maintained at higher and higher levels in order to maintain the illusion of control. Bernanke won't let the S&P 500 meaningfully slip below 1200 level, and he will ultimately need QE3 to pull that rabbit out of his hat.

Another face-ripping bear rally inspired by Hilsenrath, like in March.

Nice chart. Makes me think we don't get QE3 on 6/20/12, but it will be "on the table," as they always say.