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    Inflation under control my assss

    The government and the Fed are always looking for shortcuts to avoid pain. That just makes it worse down the road. These rate cuts are ridiculous. Inflation is rampant and the talking heads are saying its under control. Hyperinflation is well on its way. Deflation is a red herring to...
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    Why should anyone buy stocks now?

    I have not seen such a weak market since 2001. January was a sea change where there is no turning back. If people are not convinced that we are in a bear market after this week, they need to apply to be designated cocksuckers for Larry Kudlow.
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    Why should anyone buy stocks now?

    You have to see a washout and panic selling that lasts more than 30 minutes in RTH. Panic selling in the overnight market does nothing to scare the fund managers when the stocks recover within 1 day. You need to see panic selling where the close gets really ugly and no one wants to hold stocks...
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    ES Journal Archive (2006 - 2008)

    What is the fascination with catching falling knives? The risk reward ratio is just not there until you get to 1320 and considering its Friday afternoon, the bounce from that level shouldn't be much to write home about. Fellas, save your powder and look for an entry next week if going long.
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    Why should anyone buy stocks now?

    I see no good reason to buy stocks at these levels at this time. The market rarely gives people an easy way out. What idiot would buy the market when Dow is at 12,800, S&P at 1400? Overhead resistance is immense. I don't see any let up till you test the lows and give people false hope...
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    ES Journal Archive (2006 - 2008)

    I am looking at the price action and the 2 week chart. The S&P looks very bearish. The market sells off 80 points this week and is now just 13 points off the low. The bounce was so meager, there must so many trapped bulls right now begging for any kind of small rally this afternoon to get...
  7. D

    Inflation under control my assss

    Hedonic pricing is a scam, excluding food and energy from the CPI is a scam. You have got to be kidding me with the Fed lowering interest rates with this kind of inflation. It is asking for big time trouble down the road. There will be riots with the poor unable to afford food and gas...
  8. D

    Inflation under control my assss

    Wheat locked limit up again, March Minneapolis spring wheat synthetically trading for $21/bushel! March corn is $5.20/bushel, March Soybeans $13.70/bushel, Oil is back to $91.50/barrel. And the Fed keeps printing dollars like Zimbabwe. The CPI is a total scam. Inflation is not...
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    Anyone going long at the open or near it today?

    Who isn't going long at the open? Everyone has been so conditioned to buy the gap downs over the past few weeks that you already see the futures well off their lows premarket because people are buying ahead of the open anticipating others to buy the gap down. Be careful going long in a...
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    This feels just like 2001

    You had tech earnings that just met guidance but guided much weaker and the stocks would get obliterated in the AHs and we've have huge gap downs and just runaway to the downside with no gap fillage. The Fed was massively cutting rates and it didn't matter. Stocks would go down almost...
  11. D

    Looks like the market wants an EOD rally badly

    This is what its gotten to. Bulls hoping for buy programs to save their hides from bad entries. Bear markets have the sharpest rallies but also the sharpest falls. It works both ways. Market will rally when the price gets low enough, although the market is down a lot, most of it was from...
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    Us Banking Crisis??????

    WRONG. The Fed can shovel as much money into the banking system as it wants. It is in charge of the money supply. It can print as much money as it wants. There is nothing to stop it if that's what they desire.
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    JOBS number is horrible

    People got duped by the ADP employment numbers again. Everyone was leaning long going into the jobs number thinking it would be similar to the numbers on Wednesday. And looks like the YHOO MSFT news was leaked yesterday afternoon, explains the strength in the afternoon and the strength in the...
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    You buy this M&A rally trend and up, up, up?

    Looks like someone big is really short and panicking out. No justification for this huge rise. The market will be an easy layup short in the coming weeks.
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    S&P above 1410 would be a gift for shorts

    Either short the index, or short banks and high beta tech like AAPL, RIMM. Or buy the QID. It will be an equal opportunity slaughter, waiting patiently for bulls to overstep their bounds. We will not see positive % on the indices again this year. Its gonna be negative from start to finish...
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    S&P above 1410 would be a gift for shorts

    I think we'll bottom right before the elections, around October, I see maybe a couple weeks of sunshine thrown in every few months till then. I expect S&P 500 to break 1200 with ease before then and Nasdaq to break 2000. This mess is far from over, look for more shoes to drop and people...
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    ES Journal Archive (2006 - 2008)

    MBIA Inc and XLCA on watch negative at S&P - Bloomberg 5:53 That was sick. What a sick move.
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    S&P above 1410 would be a gift for shorts

    If they can push this market above 1410, you are looking at huge amounts of downside and limited upside for shorts. Today was a vicious short squeeze and fund managers scrambling to mark up their portfolios. Jobs data tomorrow will probably be rigged to the upside to keep bulls happy...
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    Your views on Unemployment Rate report, tomorrow 8:30 ET?

    It won't matter. The Fed has pumped up the market with so much liquidity that in the short term, stocks will go up and up. I'm looking for strong jobs data.
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    ES Journal Archive (2006 - 2008)

    Today is the end of the month. Maybe the hedgies are gunning for a short squeeze at the close to prop up their quarter.
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