JI
jimkane
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Champing at the bit. Can't wait for tomorrow. Wish I had a little bigger following with more participation...
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jimkane
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Is that finally it for now? I want to go get a sandwich. I haven't moved since 5:30 AM...
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jimkane
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This does appear as though it wants to go non-stop until the close. Up maybe 40 or even 50 off the LOD?
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jimkane
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Russell seems to be outperforming, it's up over 25 points off the low, with an index value less than 6/10 the size.
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jimkane
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Finally? I doubt it. But it's cool, being long side bias since right off the LOD. It's just crazy, though, and not healthy for the market. But, who cares, I guess, live today, cry tomorrow, as they say.
RA
rat89
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there's a possibility here...there is a lot right where it stopped....if you believe that they are very good at pushing price to extremes and/ or inflection points around 'news' like ecb and the jobs report, they were running out of time to get price up here
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jimkane
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Yes, rat, I was considering how they pushed right to this extreme, even pushed a little over it by my ES work, and tomorrow is the big jobs report. But, I am seriously considering the possibility that a huge, non-stop blow-off to 2000 is underway. I am not really thinking 2000 ends the bull, it is seeming more and more like 3400 is under way (unless an 'event' stops it, such as some hugely over-leveraged fund or bank that gets on the wrong side of something and implodes). There is simply no reason for the continual looting, oops, I mean ramping, not to continue.
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jimkane
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Just got notice that a mail account I have is having another price increase. The last one was 50%. This one is 33%, but the two are a 100% increase from where it was (for example, 100 --> 150 --> 200 is a 50% increase followed by a 33% increase, but it's a 100% increase from the starting point, in total). Nah, there's no inflation. In fact we need more inflation. I need those prices to increase faster for me. Nah, our savings aren't being stolen. Not at all. Long live QE!
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jimkane
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One thing that could unravel the world is that going from ZIRP to NIRP could undo the money markets, which are essential for the shadow banking system, which is where a huge percentage of credit comes from. Without that, massive deflation should occur. Not to mention it totally, utterly changes the entire financial landscape, to no longer have a money market. And not gradually, basically instantly. Just one of many ways the whole system could implode from the 'tinkering' they are doing.
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jimkane
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Posts: 33,089
Very funny and apropos comment from over at Slope of Hope:
"Please stop using the term "bears". There are no bears. Only bulls and people who used to have money. Comprende?"
Source: http://slopeofhope.com/2014/06/jump-in-the-drink.html#c1760911
"Please stop using the term "bears". There are no bears. Only bulls and people who used to have money. Comprende?"
Source: http://slopeofhope.com/2014/06/jump-in-the-drink.html#c1760911