Am I the only one excited? Ready to go? The Greek elections are too close to call, but absolutely nothing indicates in any way any need for 'coordinated action' from central bankers, or any additional money printing. Nothing whatsoever, in my opinion. But, and here's the rub, the insane part: the market is expecting the printing.

Now, if they don't get it, the market would be inclined to go down. This would be 'disorderly', not in that it would be truly chaotic i.e. big selling, just a small decline of say a few points, and anything considered 'disorderly' justifies more money printing. So, I suspect we'll have some printing anyway, now that they announced it 'if necessary', and the market going down if they don't get it would make it 'necessary'. See the insanity of all this?

So, I expect a big pop on that announcement. In reality, this is set up as the mother of all 'sell the news' events, especially after that crazy pop into the close and good-sized additional run up in the SPY after the futures close. We shall see soon enough.

ES back to the .447. Keeping an eye on that. The CL bounce was to the .447 to the penny by my data, and it's given back a huge chunk of that already.

FOMC Economic Projections in two minutes. Then press conference at fifteen after the hour. Get ready for some wild swings again.

Crude just ramping up again non-stop off that low. I can't get over the linear, no checkback moves this thing has made, up and down.

Okay, the greatest scum on the earth is yapping away now...

So, all it took to get this selling for me again is for the head maniac, the ChairSatan, to start yapping?

Just for curiosity and food for thought, try this. Read this article:

http://carlfutia.blogspot.com/2012/06/breakout.html

Now ponder, from a contrarian standpoint, what if every assumption and projection in this is dead wrong? How would you act, then? Study the track record of any given person and decide if you want to line up with what they say, or fade (go against) it. This idea goes way back, and is even in Reminiscences of a Stock Operator regarding John 'Bet-a-million' Gates. Just something to consider.

There's the new low for the entire move in crude. Wow.

http://books.google.com/books?id=HkoicxU4PlUC&pg=PA211&dq=grateful+john+gates&hl=en&sa=X&ei=0hfiT6XQN4Xk2wXCoOi8Cw&ved=0CDMQ6AEwAA#v=onepage&q=grateful%20john%20gates&f=false

Originally posted by jimkane

Just for curiosity and food for thought, try this. Read this article:

http://carlfutia.blogspot.com/2012/06/breakout.html

Now ponder, from a contrarian standpoint, what if every assumption and projection in this is dead wrong? How would you act, then? Study the track record of any given person and decide if you want to line up with what they say, or fade it. This idea goes way back, and is even in Reminiscences of a Stock Operator regarding John 'Bet-a-million' Gates. Just something to consider.

I wonder if this is a good time to load up on some SPY puts? I wonder...

Note that 'joey-D' posted two pictures of bears in a row. I wonder why he did that?

The crude selling is relentless.