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    The End of the Financial World as We Know It: Michael Lewis

    Central banks can't go bankrupt. They own the printing presses.
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    We're About To Get Hit With A Sh**storm: Bernanke Has Lost Control of Velocity *Chart

    All this BS is backward looking. Velocity of money has already picked up. Look at the rate of re-financing in December. As mortgage rates fall further, you will see a further surge. The fed is injecting money directly into the economy via lower mortgage rates, which is a levered instrument...
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    The bear market rally is now done - Monday starts another downtrend - see attached

    I agree with the OP. This market is severely overbought and will see some downside starting Monday or Tuesday. With that said, I'm not sure a re-test of the lows is in order. Maybe a 30-50 point pullback.
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    The bottom is in...this time its for real

    This market is overbought. Fade this move. It's all a commodity rally due to the oil bounce.
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    Oil

    Oil is bouncing, I think it will test the 55 range by mid Jan. OPEC is finally complying with their cuts. China and US will resume filling their SPR's very soon at these low prices. It won't be long before inventories dry up.
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    Fed Selects Four Firms to Manage MBS Purchase Plan

    This program is going to get the economy moving ahead again a lot faster than most think. Imagine most people saving up to 1000 a month on their mortgage. It will be so cheap to buy a house now, especially with prices down 40% in most places in the West. There are a lot of people with shitty...
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    ABX Indices stuck @ lows

    I've been watching these lately. Even the BBB paper is off the lows. The equity markets have not rallied at all in 2 weeks, only consolidation. I suspect we are due for a massive spike higher.
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    How Obamanomics will bring us to prosperity!

    On this video it talks about the government borrowing from the economy. But fails to talk about the government borrowing from overseas, or directly from the Fed. If the government borrows from the fed, it creates inflation from the printed money, and does not contract the money supply by taking...
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    Enormous amounts of fuel discovered in USA

    The key here is the price. How much does it cost for 1 liposuction surgery? Then how much will an equivalent gallon of gasoline cost? Compare the two.
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    Freeport Goes From First to Worst as Copper Falls

    Copper, just like the rest of the metals is in a pullback. If you think about the worldwide stimulus packages for infrastructure/pork projects, copper is the first to benefit from it. I have been looking to put on a pair trade soon for short gold, long copper.
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    Why don't Americans save?

    Another issue with the data is that Americans save differently than Asians. Asians put their cash in the bank which is debased by deflation. Americans put their money in real estate which historically keeps pace with inflation. The current real estate bust is merely an anomaly in the overall...
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    ET is so full of idiots that useful info is drowned out

    I have realized that the amount of idiot spammers and flamers has made this sight almost useless as a trader's forum. I have been struggling to overlook this for some time, but now am fed up.
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    USD to soar Monday due to world tensions?

    Actually the dollar is getting punished in sunday trading so far. My thoughts about this are that US is a major Israel supporter, so USD will fall.
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    Why don't Americans save?

    Americans have a strong belief that you are what you think. Therefore, they believe that if you spend your money, and expect more to come in the future, you will always have more money.
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    Volatility Down

    The drop in the volatility indices, Vix, vxo, vxn, is a direct result of the easing in the credit markets. There has been a massive improvement in credit market indicators in the past month.
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    OMG!: U.S. Store Traffic Fell 24% on Pre-Christmas Weekend

    Partly, from what I've seen, stores marked way up to mark down. People this year are more aware of this, and won't be had. People really are looking for deals, and they expect prices to come down similar to the amounts they've seen their housing prices fall. I think retailers are in for a tough...
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    UNBELIEVABLE!!! Japanese credit rating agency questions US ability to repay debt

    This is part of the plan that central banks have been planning for about 5 years. They have been trying to correct the global imbalances between the US and Asian nations. Think about Paulson pressuring China to devalue the dollar and strengthen the Yuan. Since we are now in the shitstorm...
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    Selling my system

    This is a joke, right? In honor of Madoff. He was promising a consistent return of 1% per month.
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    More rally today? or selloff?

    I find most people that post on this forum are just here to troll or flame. But, I will join a thread at times when I see something useful. This thread is actually a great indicator. You can see the bearishness of the street. I am of the opinion that the OP is correct and that things are setting...
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    More rally today? or selloff?

    The vix is diverging from the spx. Therefore, there will be a rally soon as call writers are forced to buy them back.
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