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more quantitative easing - buying of longer term treasury bonds is what is rumored. the real ponzi scheme LOL

Not true. The Romans went to less and less precious metals in their coins as time went by. Their empire ended with horrible devaluing of the currency.

Unless the average person could work less and still get a living wage, we are all going to be doomed to not adding real value. I mean, all we really need is food, shelter, water, and clothing. Perhaps a few higher goals to aim for, like exploring space. All the rest is useless fluff...

flytiger, fwiw, I think the reinstitution of the trading collars for the index arb bots would have a lot more impact on manipulation of the market than reinstating the uptick rule would. Those things push the market around like crazy, and currently, there's no regulation on them, it was lifted...

No, I don't enjoy reading about it and I don't enjoy the us vs. them mentality that is developing. Yes, some of these people are probably arrogant assholes. But, some of them probably just worked really hard or got lucky and had a lot of money. Those of them that are philanthropists are...

Do you have an update for us for next week?

Many brokerages allow you to use treasury bills/bonds for collateral. People might not trust their brokerages with their cash. In this case, it does make sense.

It's all part of the quantitative easing, right? I can't imagine shorting bonds at the moment unless it's a long-term trade. Betting against government manipulation seems quite risky.

And lumpy. Makes it hard to sleep :D

Look into arb trading programs and the removal of the trading collars for them, too. Basically the bots feed the trend. When they get started, it's hard to stop it (can we say whipsaw afternoons), anyway, there used to be restrictions on them when the market moved by a certain percentage...

ES gets better treatment for taxes (part of your profits are long-term gains no matter how long you hold). 1 ES contract = 500 SPY shares, so you can compare commissions using that ratio. Probably just depends on how much commission you're paying and how much you trade whether or not getting...

This is the real secret behind all the volatility, isn't it?

How long does $15B keep them afloat? It's a lot less than what they were asking for.

The options are extremely expensive, I was looking at using TLT as a close approximation of it (wanted to do the trade in a retirement account I can't do futures in). I can't figure out a reasonable trade to put on if my horizon is a couple of years.

Did they have any other tip-offs? It seems the NHNL line's slope might be one. I've been looking at the 2002 bottoms on the charts, the mad rush and exuberance over bargains was apparent after the bottom was hit, the gaps on SPY continually in the days afterward especially seemed telling...

I usually just put it on standby (it's a laptop). It uses very little power and comes back up a lot faster than rebooting. Occasionally, I've got to reboot because Windows entropy takes over and things become slow.

How can there be demand destruction for wheat and rice? I could see some for corn since it's been inflated being used for ethanol, but the other two, don't you still have to feed people?

I'm a proponent of trading what you see. But, that said, why is it that people want to take bad news as "the bottom has been reached." Saying stuff like the news is always worst when we're at the bottom is like saying things go lower until they find a bottom. You're really saying nothing...

I think what he's getting at (correct me if I'm wrong) is that the names on the Dow are switched out from time to time, that Dow companies have actually gone out of business. This is one of the things I don't like about people promoting "buy and hold" using index funds. They aren't truly buy...

Nikkei and other Japanese indexes, not streaming, though. http://www.nni.nikkei.co.jp/CF/FR/MKJ/