ES Journal Archive (2009 - 2010)

[ammo]

Quote from ammo:

Quote from ammo:

cover half 1100.75, avg 1102 [/QUOTEadd 02 sh

cover 3/4 at 1101.75, done for the day

 

[saliva]

Quote from saliva:

Short 1101.75
Target 1085-ish
SL 1106

Out 1103.25

 

[ASusilovic]

Fed sees slow recovery holding jobless rate high-
Some worry about whether the economy could recover without government aid...


Traders seem to have some serious cognitive disorder problems. Heck, what is difficult to understand about "slow recovery" and "high jobless rate " ?

 

[[Proximo]]

Fed Statement ----> Jobs shit, slow recovery.

Market reaction -----> Sweeet lets rally

 

[pokito]

Quote from [Proximo]:

Fed Statement ----> Jobs shit, slow recovery.

Market reaction -----> Sweeet lets rally

big boys want a rally, on good news or bad.....question is why?

 

[[Proximo]]

Because they are c$#@ suckers :-}

Quote from pokito:

big boys want a rally, on good news or bad.....question is why?

 

[saliva]

Quote from [Proximo]:

Because they are c$#@ suckers :-}

Would you enlighten us on who's c$#@ they're sucking? Last time I heard, Uncle Bernie and his minions were on Viagra.

 

[saliva]

Quote from [Proximo]:

Fed Statement ----> Jobs shit, slow recovery.

Market reaction -----> Sweeet lets rally

On that note, allow me to add my utterless 2-cents. I don't care how you dice and slice it. You can rationalize all you want. But don't tell me this rally is based on economic recovery. Above all, don't get into the utter crap notion that the stock market leads the economy.

 

[Emini Maestro]

Quote from saliva:

But don't tell me this rally is based on economic recovery. Above all, don't get into the utter crap notion that the stock market leads the economy.

Correct. This market is being manipulated by government. When gold and the dollar rise at the same time, I know somebody has their hand in the pants of the stock market. The economy is still trending down. M3 is through the roof, and the money supply has never recovered the economy, but has run inflation through the roof.

 

[saliva]

Quote from Emini Maestro:

Correct. This market is being manipulated by government. When gold and the dollar rise at the same time, I know somebody has their hand in the pants of the stock market. The economy is still trending down.

Well, I would think everyone knows by now that this market is rigged. You have to be a born-again idiot to think otherwise.

Be that as it may, inflation by itself is rather benign for the stock market since it tends to also inflate company earnings. Only time it becomes lethal is when it's tied to the Fed's decision to raise the interest rate. But, as you may already know, Bernanke has no clue when he will jack up the rates. But if history is of any value, you can be sure that such a measure will come much too late.