ES Journal Archive (2009 - 2010)

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Whoever it is, some schmuck is selling into the close. If we can get a few more schmucks to join, we might actually achieve something. :D
 
Quote from saliva:

Whoever it is, some schmuck is selling into the close. If we can get a few more schmucks to join, we might actually achieve something. :D
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Offering more shares, but they try and cover there ass saying its for TARP repayment, thats total BS.
 

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While it's not always the case, it's been my experience that the last 20 minutes of trading (3:55 - 4:15) actually holds the key to the next day's action. I imagine Geithner and his cronies use this time to leak tips to the Wall Street fat cats.
 
Quote from lurefo:

Sal, not sure if that answers some of yor questions and it's been posted here already, but it is still worth a reading.

http://zerohedge.blogspot.com/2009/04/incredibly-shrinking-market-liquidity.html
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Alright, I carefully read the article twice and yet I still find one question that hasn't been accounted for. Why are the quants sitting on the sideline? Better yet, what precipitated such an action in the first place? Did they woke up one morning and realized that the market was knocking on hell's door at 666 and said, "Oh, shit, we better deleverage and sit on our ass for awhile."? Is that how the market works?

My theory is a bit different. These quants were "forced" to sit on the sideline, a choice not of their own making. After all, aren't they all TARP recipients and aren't all roads lead to Uncle Sam?
 
Quote from saliva:

Alright, I carefully read the article twice and yet I still find one question that hasn't been accounted for. Why are the quants sitting on the sideline? Better yet, what precipitated such an action in the first place? Did they woke up one morning and realized that the market was knocking on hell's door at 666 and said, "Oh, shit, we better deleverage and sit on our ass for awhile."? Is that how the market works?

My theory is a bit different. These quants were "forced" to sit on the sideline, a choice not of their own making. After all, aren't they all TARP recipients and aren't all roads lead to Uncle Sam?
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I've asked myself the very same questions. Like you just did, my conclusion is that they were "forced" to sit on the sideline. If the structure of the market is changing, then we need to understand it and adapt.

FYI, this is an update to the prior article and a few words on Friday's parabolic close:

http://www.nakedcapitalism.com/2009/05/guest-post-goldman-sachs-principal.html
 
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