Boy Who Cried Bear Says We Are Going Down

[Ivanovich]

And we close green Hilarious.

 

[Lojanica]

Quote from Ivanovich:

Hilarious.

That part I agree with wholeheartedly. ; )

 

[shortie]

let the market drop a little, lure in a few bears, run it up a little, bears are forced to cover and drive the market higher.

i am guessing the problem right now is too many bears.

 

[athlonmank8]

Quote from Ivanovich:

Because they know (or think) it's going up from here!

Everyone trying to call a top. The carnage is breathtaking.

Out 1/2 @ break even on the close.

You can stop being an ass now though. We get it lol.

I will say this, risk was covered by 11AM today. The trade was perfect IMO.

 

[Lojanica]

Quote from shortie:

let the market drop a little, lure in a few bears, run it up a little, bears are forced to cover and drive the market higher.

i am guessing the problem right now is too many bears.

Which is why you know it's gonna tank. The direction of the market is dictated by the difficulty in establishing a position. Frankly it is hard to get a short going right now 'cause it keeps running up on thin volume.

Yeah there's a news gap but the volume of the peak at 1160 was so thin as to be myth rather than fact.

 

[shortie]

Quote from Lojanica:

Which is why you know it's gonna tank. The direction of the market is dictated by the difficulty in establishing a position. Frankly it is hard to get a short going right now 'cause it keeps running up on thin volume.

Yeah there's a news gap but the volume of the peak at 1160 was so thin as to be myth rather than fact.

maybe after another day like Fri, to flush out weak shorts?

 

[JamesVU2000]

no one wants to participate in a giant ponzi scheme that the government is running.

all spreads are too tight because they are printing too much money

 

[Lojanica]

Quote from JamesVU2000:

no one wants to participate in a giant ponzi scheme that the government is running.

all spreads are too tight because they are printing too much money

Most insightful comment for today award here.

There's a proverbial shitload of money looking for somewhere to go. "The Fed in Bubble III: The Final Chapter" versus "China: The New Old Empire"

 

[Petsamo]

What a rigged market! The bulls had plenty of time to buy mid-day, where it spent hours near the day's lows. People who bought at 1148 or higher must have been the plunge protection team.

Good news for the bears is FXI (China) & INP (India) remain underbought. They may bring their markets further down. Bad news is Europe is likely to bring their markets up, after what they just observed here. US tends to follow Europe. I'll guess we gap up tomorrow. I'm 50% long, 50% cash.

 

[shortie]

let's pretend that last Fri was the top. given that this week is opt expiration, could this somehow mask the decline that is about to unfold?