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I understand your sarcasm.....but note that the first word in PPT is "Plunge". Was there a panicky plunge today? I find it absurd that anytime there's a countrend surge the PPT gets blamed on ET threads. I guess the weak shorts have to make up a boogeyman to blame for their mistakes.

LOL....like the PPT would get involved on a mild sell-off like today (if they even exist at all). Nope, this rally into the close was simply the institutions getting long on bargains after they pushed prices lower on low holiday volume earlier in the day. Look at the lazy drift lower...

I see. Thanks gbos and ipatent. I'd guess that going positive for the first time this year is a sign of progress.

This is the first time I've looked at this report. Am I reading this correctly - that banking reserves are up almost 2000% (from $43 Billion to $828+ Billion) from about a year ago? Geez, why are they still sitting on all that money? Would think they'd start putting it to work after...

Yep, I get them.....thanks Joe!

Very impressive Joe! Do you discuss anywhere on this thread or elsewhere how you arrive at your levels, or is that considered proprietary? Thanks. Sandy

He said he exited his short (wink, wink) this morning at the opening gap down. Of course he didn't reveal this prescient decision until 7 hours later (and after absorbing a 19 point drawdown into yesterday's close).

Come on Port....where's your stop? Or rather, where'd you move it to most recently? So far you're -20 ES points on it. Please tell us when you finally take the stop out because then it'll be time for the rest of us to go short! :D

Excellent! So you broke your own rules (price blew past that little red line you marked in the original post as your stop out line). Stretching your stop is definitely the way to go. Sign of a real pro - being able to handle all that pain.....teach that damn market a thing or two. So...

Why do people fight the Fed? Who do they think they are? George Soros battling the Bank of England? :D There wasn't one lower low (more than a couple of ticks) on the price pivots all day. Go with the flow, man....go with the flow.

No, no,no...you got it all wrong. Compliments of our Chinese lenders!

Good cover to lower interest rates to 0%. Yeah! Free money! :D

From what I've read, the vast majority of the investments were from trusts, funds, private investors, endowments, etc. The financial institutions that had money with Madoff was mostly on the behalf of clients, not actual corporate capital. Now, those institutions may face some liability from...

I can't fathom how there would be a justifiable bailout given that there's no systemic risk caused by the Madoff fraud. In the very unlikely event there is some kind of bailout (other than SIPC making good on valid brokerage acount insurance, not hedge fund investments), I might have to start...

That's quite impressive performance. Reminds me a bit of Madoff's performance. :) But seriously, is EP a hedge fund, or a public fund?

Yeah, their sensationalistic headlines are designed just to hook you in......like the plethora of chicken little "the-sky-is-falling" threads you originate. :D

That's because today is the closest the moon has been to the earth in 15 years, and the closest it will be for another 8 years. Yoohoo, I thought about your moon calls when I saw the full moon last night. Thanks again for initiating this thread.

Has nothing to do with social security and has EVERYTHING to do with our legal system which is like winning the lottery, and is designed to benefit the lawyers who file frivolous lawsuits in order to get settlements because it's cheaper for the insurance, hospital and pharma companies to settle...

I too have seen those $73 vs. $48 labor cost/hour figures in a major publication, but I can't put my finger on it right now. However, the difference is the benefits to retirees. Base wages and benefits to the workers actually working in the plant today aren't that different.

Yeah, I got that spam e-mail too. I was just ribbin' ya. :)