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almost halfway there... gotta love it when they give away money. :)

That was Sal Governale (aka Sal the stockbroker) and Richard Christie from the Howard Stern show. :D

Third day big hammer on MEE. Think it's going down or up?

Pot holding above the trend line. Another big hammer today. :D

Wow, hedgies, that was fun. Let's do it again tomorrow. :D The HEAT is still on. Can YOU feel it?

good call.

Man this is fun taking money from the HFs. ;D

Tell me can you feel it? :D The heat is on, on the street Inside your head, on every beat And the beat's so loud, deep inside The pressure's high, just to stay alive 'Cause the heat is on Oh-wo-ho, oh-wo-ho Caught up in the action I've been looking out for you Oh-wo-ho...

The Heat IS ON <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/uhXNcZRmYqI&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><embed src="http://www.youtube.com/v/uhXNcZRmYqI&hl=en&fs=1" type="application/x-shockwave-flash"...

Let's watch the HF blow up count. ;) -munching popcorn- http://hf-implode.com/

Hedgies Flee Morgan, Calpers Tries to Stem Short Tide The spiraling downward of financial confidence has sprouted up in various areas this afternoon. Bloomberg this afternoon reports that hedge funds making up “less than 10%” of Morgan Stanley’s prime brokerage balance are withdrawing...

Cramer was reporting there was a cabal of HFs trying to break MS and GS. Looks like the really big boys are tired of it and are fighting back. This should be good.

I think they "rent" their stock to HF's. Could be wrong.

That thing is huge.

FWIW SPY just touched fib ext off May hi. :)

Excellent.

Forgot about that. Is there a conversion?

VIX nearing '98, '02 levels around 45. If the system doesn't break...

For a fun time I took a look at the massive H&S on the index ETFs. Rough/eyeballed downside projections are: DIA 10200 QQQQ 31 SPY 106.3 :)

To top it off - a lot of that money will just "disappear" from the defense dept. books. Somebody is making/stealing a lot of money.