ES Journal Archive (2009 - 2010)

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Quote from ammo:

this mornings ppi set a 60 year record, this is happening a lot, this tarp rally was injected to prevent a massive selloff into the abyss, i think the risk is still there, they are buying time until they come up with a new bandaid, until they find it,they are trying to keep the dam from breaking, hence buy every selloff, pure b.s. , i know ,
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If you are looking for the masterminds of this bullshit, then do not look further :

No New Normal JPMorgan Sees V-Shaped Recovery on Robust Growth

Instead of a so-called New Normal of subdued growth, the U.S. may be heading for a robust recovery.

The worst recession since the 1930s has created a reservoir of demand that will buoy the economy, say a growing number of economists led by James Glassman at JPMorgan Chase & Co., former Federal Reserve Governor Laurence Meyer and Stephen Stanley at RBS Securities Inc.

“Whenever we have plunged off a cliff and fallen into a deep hole in the past, for a while the economy has a tendency to bounce back very quickly,” said Glassman, a senior economist at JPMorgan in New York. Glassman and his colleagues this month said forecasts of 3 percent to 4 percent growth in coming quarters may be too low given “pent-up” consumer demand.


http://www.bloomberg.com/apps/news?pid=20601109&sid=aF9XXH40s4ys

I have to add this here :

A rebound in equities in recent months will help repair households’ balance sheets and buttresses the outlook for spending, said Glassman at JPMorgan.

The Standard & Poor’s 500 Stock Index has climbed about 50 percent from its low in March. U.S. stock-market capitalization has increased by almost $4 trillion in that time.
 
Quote from Lawrence Chan:

Most people has forgotten that the 985 gap was never filled in RTH.
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Most people have been brainwashed or are Pavlovian-trained to the "If red, rally to green!" move that the market has been pulling off non-stop for the past few weeks.

Myself included.

I want to short any bounce that shows up, but am affraid I won't have the guts to do it.
 
Quote from Decel:

Most people have been brainwashed or are Pavlovian-trained to the "If red, rally to green!" move that the market has been pulling off non-stop for the past few weeks.

Myself included.

I want to short any bounce that shows up, but am affraid I won't have the guts to do it.
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Are you man enough - The four tops

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Quote from Decel:

Most people have been brainwashed or are Pavlovian-trained to the "If red, rally to green!" move that the market has been pulling off non-stop for the past few weeks.

Myself included.

I want to short any bounce that shows up, but am affraid I won't have the guts to do it.
More...

???

That WAS the bounce :D

And 992 tagged.

Done for the day.
 
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