Short term trades in the stock market •$$$$$•

[AllDayEveryDay]

To hell with the stock market. I'm not playing money games with the real felons. I don't want to be anywhere near the negative energy associated with Wall Street. There are a lot of "legal" ways to make money that I wouldn't touch for ethical reasons.

 

[bentom187]

this is a sad situation in 250 or so years and we went from complete freedom to complete control.

RON PAUL !!!

 

[SpasticGramps]

this is a sad situation in 250 or so years and we went from complete freedom to complete control.

It happens. We are just dumb humans going round and round the cycle of civilization.

 

[CascadeFarmer]

this is a sad situation in 250 or so years and we went from complete freedom to complete control.

RON PAUL !!!

Fuck Ron Paul. Nothing against you. There is no one individual that can fix the system. Ultimately IMO it really doesn't matter who holds the presidency. I remember when all my friends were saying Obama was going to save things and I was like

 

[bentom187]

it only took 1 to put the nail in the coffin.

 

[Sam the Caveman]

I would like Paul to be president also, but I'm afraid the bankers will deal with him like they did with JFK. So if he does get elected and dealt with accordingly, it will only go to prove how enslaved we are to all the people who don't already know.

the states would be fine if no federal government existed at all. There is no real threat from anyone against us, so the military is not needed, at all. The states can regulate commerce between themselves just fine and their own currencies too. We need a demolition team to get to work in DC. If there ever is a real thread against us, states can combine forces just like countries combine forces for any other war.

 

[bentom187]

hes ready to act immeadiatley once hes in,and id atleast like to try some freedom just once.

 

[CascadeFarmer]

hes ready to act immeadiatley once hes in,and id atleast like to try some freedom just once.

My point was that no one person can change much in DC politics. I like RP but that's besides the point here. How can he act immediately when he has to deal with the House and Senate and the forces that swim in those waters? Get real.

I would like Paul to be president also, but I'm afraid the bankers will deal with him like they did with JFK. So if he does get elected and dealt with accordingly, it will only go to prove how enslaved we are to all the people who don't already know.

Pretty much in general and if ya think someone like Ron Paul can get elected now, all things considered, then keep dreaming the big dream. I'd vote for Gramps first with Madrus in the cabinet and a few others if they had free reign. Could probably do a better job than the pundits. I thought the 'believers' would have learned that with Obama but guess not. At this point the US president is nothing more than a puppet who dances to the puppet masters pulling the strings. Corporations and other money run the government. Until there's real change ride their coattails and stock your pantry.

As for this thread and short term trades in the stock market I think the market will hold up tomorrow after an intraday poke down below.

Gramps for President!

 

[bentom187]

im not gonna say that usually presidents arnt payed for,but dr.paul has his fund raisers in complete view of the public,and since he has morals and beleives in the free market i dont think any corperation proffiting from central economic planning is gonna want to send him money.

it will be a battle worth fighting.

good luck tommorow fellas

 

[SpasticGramps]

complete freedom to complete control.

Sometimes I wonder if we were every really free. The kleptocracy is pretty old IMO.

This was the contagion in Europe I was talking about. Larry Kudlow from CNBC is reporting "big stress on interday loans" in Italy (ie credit crunch). A la 2008 except this time around it's sovereign states instead of the banks. We've burned up the last backstop.

EURCHF Crashing After Hours On Italian Bank Run Concerns

Less than an hour ago, Larry Kudlow tweeted the following: "Sources tell me Italy has to restructure bonds.Deposit run on Italian banks.EU will have to mount Tarp rescue.Big stress on interbank loans." Basically, this is the worst possible combination for Europe which means that another bailout is not only imminent but has to happen tomorrow. Incidentally Reuters is reporting of an emergency meeting between Sarkozy and Merkel and Zapatero on "the markets" which can only mean damage control following today's disastrous Trichet performance. Too bad the markets won't buy it any longer absent some actual actions to back up the deeds. Yet what we are more concerned about is whether or not there really is a bank run in Italy which would be the end of the euro. For that we went to the most trustworthy indicator for European "bankrunnyess" the EURCHF. To our surprise, the pair just plunged nearly 100 pips after hours, after dropping over 200 pips from intraday highs following yesterday's SNB intervention. Will this force the SNB to intervene again? Find out shortly. AS to what Sarkozy has up his sleeve, we will just have to wait and see when the European markets open in about 10 hours

Looks like tomorrow all depends on what happens in Europe. Systemic sovereign insolvency is poking it's nasty head up again. If the Italians get into serious trouble the Euro is going really start to fall apart.

 

[SpasticGramps]

Not good.

Summarizing Italy's Catastrophic Predicament In 15 Simple Bullet Points

The irony about the blow up over the past month in "all things Italian" is that the facts about its sovereign debt and viability profile have always been available for anyone to not only see, but make the conclusion that the situation is unsustainable. The fact that so few dared to do so only confirms that affirmative confirmation bias that dominates within 99% of the investing population. Sites such as Zero Hedge and others had been warning for over a year that the Italian "contagion" (which is a misnomer: Italy's lack of viability is perfectly-self contained: it does not need Greece or Portugal to blow up, and can do so perfectly well on its own, but the punditry certainly needs a scapegoat, in this case the incremental layering of "revelations" about how insolvent Europe is) and we have long presented primary source data confirming just how precarious the house of cards is not only in Italy but everywhere else too. Regardless, no matter how conventional wisdom got to the big picture revelation of just how ugly Italy's reality is (and don't think for a minute that Spain is any better) the truth is that the cat is not only out of the bag, but is widely rampaging through the china store (no pun intended), high on speed and methadone. So for everyone who still wishes to know why the Italian jobs is very much hopeless absent the ECB stepping in an bailout out the country, below is a succinct list of 15 bullet points courtesy of The Telegraph, which explains all there is to know about the country's current predicament. In retrospect we certainly can not blame Tremonti for wanting to get the hell out of there.

The truth about Italy:

-Morgan Stanley estimates net issuance should total 35 billion euros per year in 2012-2013, less than expect annual coupon payments of around €45 billion per year

-A total of €157 billion in Italian government paper will fall due by the end of the year.

-Redemptions will peak in September, when €46 billion of BTP CTX bonds mature

-Italy has raised €277.4 billion euros in debt so far in 2011, or 65.3% of its full-year target, the Treasury said - suggesting further issuance of €147.4 billion, according to

-Reuters calculations

-Italy's public debt stood at €1,890 billion at the end of April, according to Bank of Italy figures. The public debt figure includes postal savings

-Italian government bonds and short-term bills totaled €1,583 billion at the end of June according to Italian Treasury data. Their average term was 7.09 years

-A one percentage point increase in Italy's debt yields adds about €3 billion euros to interest payments in the first year, and twice that in the second, the Bank of Italy has said

-Italy forecast in April that 2011 debt servicing costs would total 4.8% of GDP, or about €77 billion

-The International Monetary Fund estimated in April that 47% of Italian 2010 government debt was held abroad. Morgan Stanley last week estimated foreign holdings at 44%

-Banks domiciled in Italy held €192 billion in Italian government securities at the end of May, Bank of Italy data showed last month. In the first quarter of 2011 they also held €589 billion euros in government securities on behalf of their clients

-European Banking Authority data showed in July that Italy's five lending retail banks had a net direct exposure to Italian sovereign debt of €159 billion. Intesa Sanpaolo is the most exposed with €57.6 billion, followed by UniCredit with €47.5 billion

-Morgan Stanley said domestic banks and insurance companies could quite easily buy net €60 billion a year in Italian government debt for the next few years

-JP Morgan analysis said Italian banks will have to refinance €53 billion of maturing bonds in wholesale markets next year

-The €600 billion Italian pension fund and insurance industry has increased its holdings of domestic government bonds by 10% in the last three years to 32% of assets, according to JP Morgan

-Analysts estimate that an increase in the average cost of Italian public debt drives a similar rise in the cost of banks' bond issues

-JP Morgan and Morgan Stanley analysts estimate Italian banks' holdings of government bonds at around 6% of their assets - a higher figure than 5% for Spanish banks and second only within the euro zone to Greek banks' 10%

 

[Dislexus]

Ron Paul would be assassinated before his inauguration.

Way too many monied interests threated by him. And they're all dirty.

 

[TNTBudSticker]

Wow...500 points down!

SP500 is trading 13X it's earnings from its historically 16X average.Someplace it's cheaper.

So with everything cheaper.Today was a good day...Broke 350 !! Added more stocks..Oil went down big time and so did WLT at a $33! Drop but sat on the sidelines.

 

[The iD]

im looking for a "V" day on EU, jobs & GDP reports, then EU close to ramp. ill be protecting profits w/ calls at the next couple support levels. tbh, your guess is as good as mine at this point most likely. gold pulled back to 1660 after all the top longs got spanked and likely got hit up w/ margin calls. any further big dips in the markets could trigger liquidity problems w/ the mutual funds. theyre sitting on record low cash. Italy and Spain are huge concerns. will be watching EUR/USD and foreign bonds and all their noise, along w/ gold spot. PCLN is up 10% after hours. wtf, shits crazy. ill be looking for a spinning top or gravestone doji to mark the bottom. weekend soon. long term is still down imo, but i could imagine a rally soon. gl & stay frosty,

-iD

 

[AllDayEveryDay]

Can somebody please explain to me how you rationalize investing in these companies that reduce the quality of life for your fellow man? How can you invest in gas and oil companies? I can see driving a car and fueling it to get to work or where you need to go. But actually investing in stock when regulations are so loose that we routinely have natural disasters in our oceans that poison the entire world's food supply? Why would you want to be financially associated with such a beast? How can you invest in a company that sends all of its jobs overseas, pays nothing in taxes (gives nothing back to the community it profits from) and then still gets a federal subsidy?

Do you have no conscience? Is there nothing you wouldn't do to make money? Where do you draw the line? Please advise.

 

[SpasticGramps]

Jobs report prints at 114K still terrible and not enough to keep up with the influx of new employees, but given yesterday's bloodbath and being ~3 standard deviations oversold a nice rally to ensue today looks like.

 

[SpasticGramps]

Do you have no conscience? Is there nothing you wouldn't do to make money? Where do you draw the line? Please advise.

#1. I work for an oilfield service company. Directional Drilling.

#2. No one in here is really investing. They are trading.

#3. My advise to you is to not read this thread anymore if offends your sensibilities.

#4. I like money because I like security.

#5. You sound a lot like a progressive with that bleeding heart rant. It's your Keynesian groupthink clusterfuck theory that created this immoral casino so no more bitching from you please.

 

[The iD]

duration of rally on fake jobs #s: 30min. proceed w/ selling the pop, nothing to see here. move along.

-iD

 

[SpasticGramps]

Hmmm.. wonder if that was a wham bam thank you mam and now back you to your regularly scheduled ponzi collapse?

 

[AllDayEveryDay]

#1. I work for an oilfield service company. Directional Drilling.

#2. No one in here is really investing. They are trading.

#3. My advise to you is to not read this thread anymore if offends your sensibilities.

#4. I like money because I like security.

#5. You sound a lot like a progressive with that bleeding heart rant. It's your Keynesian groupthink clusterfuck theory that created this immoral casino so no more bitching from you please.

So basically you already sold out as much as anyone can and you are way beyond reprieve? Bummer. So, your little graph, WAS your irrational way of thinking, "oh this is just a natural cycle and I'm not doing anything wrong?" You suck.

Progressive thinking didn't cause any "immoral casinos," greed did. You love money because you are poisoned by greed. Greed is a sickness. You have your priorities all out of whack. I suggest you go to the woods immediately and take an 1/8th of mushrooms with you. It might be the only way to save your soul from having to redo life as a greedy bastard in a parallel universe after your death in this one.