Black Monday

[Free Thinker]

Quote from Pabst:

I'd hardly say that longs were rewarded for the risk of being positioned over the weekend.

I still find it telling that ER2 and NQ, the two indices that led the three year plus rally, are both weak to the general list. Not a bullish divergence.

they were rewarded for buying a down open this am however i still wouldnt trust this bounce to last very long. we have a missing ingredient. we still need permabulls like cramer to go negitive as a signal that the negitivity is strong enough for a longer term bounce.

 

[krazykarl]

Quote from IV_Trader:

my top ten "words to be used the most over the weekend on ET" , no particular order :
1. Monday
2. Bears
3. Taleb
4. Black
5. VIX
6. Sigmas
7. PPT
8. Longs
9. FED
10. Margins

i would like to see FOMC on that list...

 

[ktm]

BB has turned this into a data watching game. The market will likely now place more emphasis on the 8:30 releases and react accordingly.

We're going nowhere today. Waiting for data tomorrow.

 

[Bitstream]

dont look that bad for us bull here...if data in da next days is good we cud have a decent rally, innit[?]

 

[krazykarl]

Quote from moo:


But you can still have general inflation if the Fed prints more money, i.e. does not let the money supply fall. And that is exactly what the Fed will do to ease the pain inflicted by the bursting bubbles.

brilliant - exact reason they stopped publishing M3...

 

[Millano]

Quote from Pabst:

I'd hardly say that longs were rewarded for the risk of being positioned over the weekend.

Hah, yeah. I guess I misinterpreted Friday's close prices on MRO :eek: Thought it was a low 78... this morning the same data feeds tell me it closed at a high 77 :eek: Oops. Wasn't smart to be in under this market situation with my limited skills.

 

[der_kommissar]

Quote from Bitstream:

dont look that bad for us bull here...if data in da next days is good we cud have a decent rally, innit[?]

ya, da illiterate perma bull speaketh.

 

[DeepFried]

Quote from ktm:

BB has turned this into a data watching game. The market will likely now place more emphasis on the 8:30 releases and react accordingly.

We're going nowhere today. Waiting for data tomorrow.

You are correct, sir.

 

[moo]

Dr Faber has one of the best commentary on the stagflation case...

http://www.ameinfo.com/news/Dr__Marc_Faber/

 

[DeepFried]

BTW, every investment advisor and his brother has been recommending commodities to receptive clients through the return starved years of the last bear market and into the recovery. Commodities appeal to the average schmoe who’s made most of his investment return of the last few years via his favorite hard asset – his house.

If any market's ripe for a brutal correction, it's the commodities markets and it's nice to see them getting spanked today. Tons upon TONS of cash have been thrown at the commodities markets and when the last umpteen interest rate hikes start to bite where are commodities going to go? Up? Hell no.