The old reliable year end rally kicked into high gear. Are you shorting or donging it?

Whose to say it ends with GW's silver bullet plan?

The Friday ramp job. Check.

Fed seasonal pumping. Check.

350 basis point cut next week. Check.

Consumer is doing great. Check.

Retailers "slightly optimistic" about Q4. Check.

Why not be happy on New Years. Check.


Already donged Citi a few days back.

Wow...
I wonder why DNA continues to be halted.

System malfunction. They all wanted to sell at the same time.

Maybe there's additional bad news coming down the pike. Really bad side effects from the treatment? (like death)

Shakin' the tree, IMHO. Picked up a few SPX put acorns at the close.

Don Coxe said that the 9 highest Nasdaq rally days in history occured during the post-Y2K decline.

Did anyone notice that little biocrapper BIOM was up 45% today on the news that their long-awaited move to the U.S. and name change had been approved? It's been in the works for months, and final approval causes a 45% jump in price? How absurd.

New all time closing highs today.

Who's Don Croxe?

Hey Madness, GS just upgraded DNA.

The new CNBS drumbeat, millions are going to lose their homes unless the government does something decisive. A SUPER RTC is on the way.
They are just helping the duped homemoaner, not the Banksters.

There will be no serious candidate for major office that will dare to do anything but endorse this absurdity.

I'm sure Ron Paul will be against it but he has no chance against the party machinery.

He is a Canuck strategist for BMO. He has an excellent record, He has been bullish on oil and metals for years. About a year ago he got bullish on agriculture.

This should be good for gold as foreigners depreciate their currencies to maintain the competitve position against the dollar which will get trashed by the politians buying votes for next years election. I am about to talk myself into buying some DDM or SSO.

Are you saying that some of these guys are both smart and honest?

Perhaps if I did that the market would tank.

I hope there is at least ONE out there.

Factory Orders - more unreported price inflation - durables down 0.2%


Strength was in nondurables, which posted a 1.3 percent advance in October, following a 2.1 percent rise the month before. Gains were led by petroleum & coal products, chemical products, and plastics & rubber products - all heavily affected by the price of oil which has been rising sharply. Orders for durable goods slipped 0.2 percent, following a 1.4 percent decline in September. The decline in durables was led by computers & electronic products and wood products.

link

The US government wants to own everything. Healthcare, RE, debt, resources, countries, stock markets.

Warning: don't look at the poll results before you vote, or it will think you voted and will not let you vote.

I don't know that it wants to own it, it just may not have a choice.

Truly, as infuriating as it is to see these wall street jerks and people like Tan Man get away with it, do you really want to see the kind of collapse we could have if they don't try to do something to save it?

It's as sickening for me to write that as it is for you to read it.

How sweet!
It's trading in AH.

Stoolies,I encourage one and all to read Speaks post (Yesterday p#63)...Besides using the word "fractal" in an intelligent and understandable and illuminating sense he expresses his sense of country exactly mirroring mine..

Occasionaly a disussion of an economic issue can bring tears (in my case the intimation) as if a written tragedy...Think of the last fone calls on United flight crashing in Pa. (9/1)

MDPorter posted an an article with an analysis of no-doc(no-w-2) forms that is as charecteristic of "Humpty-Dumptyism" as anything on the net...

And CWD keep em coming....

beardrech Once more K-Trader is the tunnel the red and yellow lines that remain close together longer than any other portion of the ribbons???

Fearful times.....like being in a pit and looking up at the rim's edge,the future ten tears from now,and everybody partying.......

Edgar A POE,Whe are you now that we need you?? And if alive,would you like to celebrate Chanukah with me...?

Also thanx to other stoolies for continualy lighting candles....if Kudos were fairly distributed it would include everybody but we've got other things to do s well iM SURE YOU ALL UNDERSTAND....

Bears need to becareful this month. December + Fed meeting next week might = to a lot of trouble over the next few weeks.

Sucker rally. I don't know how long or how high. But it will be a GMTFO down move.

Well, then surely CNBS has shed itself of that Kud Lowe fellow, and others like him
who have constantly bellowed about the all-encompassing wonders of 'free market
capitalism'?

And monkeys will fly outta my ass.

This so called bailout will result in the immediate and total shutdown of the residential real estate finance market, because all of the MBS and MBS backed CDO and SIV must be written down to reflect the change in expected cash flow.

If it goes through. Which it can't.

Yes.

In complete seriousness, if a truly utter collapse is needed to actually mete out
appropriate punishment to the vermin that set it up, then apocalyse away.

I kinda thought that was a general theme here.

Standing on a set of railroad trax ,and looking backward, it becomes apparent that There are qualitative differences when an express train is a mile away ,half-mile away, and 12 inches away.
beardrech

Would that be true in spite of Level-3 and soon to be Level-SIV accounting rules? Not a rhetorical question. I say yes.

being a pigman is not all beer and skittles...

Bizarre story of tycoon's death lacks only the PI

A life of private jets and black-tie balls ended with Seth Tobias, a wealthy investment manager and a familiar presence on Crapvision, floating face down in the swimming pool of his mansion here.

It was just after midnight on September 4 that Tobias' wife, Filomena, frantically called 911. "Please send somebody, please!" she screamed. "He's not breathing!" By the time the police arrived, she had pulled her husband's body to the edge of the pool, where she cradled his head in her arms, sobbing.

http://business.theage.com.au/bizarre-stor...71205-1f7i.html

If they can take out yesterday's low, it should be game ovah.

Getting real close to my reload target of ES 1495-1500.

Got a feeling Dow 4K tick will work it's magic one more time tomorrow...

EUR-USD looks like a top forming / has formed. Potential exists for double top action at some point in the future though.



Damage looks capped at 1.50.

Tanks for the kind words Brer Bear. It's getting crazy out there as well as in the casino. Omaha mall shooting, 9 dead, 4 wounded. Cops still sifting through everyone left inside looking for the shooter. A study of revolutionary movements shows that oppression by itself doesn't usually set things off, but oppression and rising expectations does. Couple that with the painful death of peoples' dreams and sense of entitlement, and ... Tidings of comfort and joy.

As to what to do. I figure there is a somewhat good chance today was the wad that was shot. The target of the falling wedgie has been reached. SPX is right at it's 200ma, momo is low, numbers (fake or no) are coming out strong. A rate cut priced in anyway. Pauly boy and monkeyboy think they can stop the world by attempting to freeze the mortgage rate for 5 years. Repugnican price controls. Shades of Nixon. The credit market is frozen.

Charts show is just below the 50 fib off the top, a likely turning area 1490-92. Inverted McHuges and Cup'n'handles abound so maybe it's all show. Or maybe they can still jam it into overdrive shorts run'n'hide and get one or even both McHuge targets. 1573 on the biggie, a few points below the high. And 1517 or so, the DTL off the top for the smallie on the right. I'm building put positions on financials, homies, credit cardies, earl and some in miners.

That dude was a trip. Coked up, he had a thing for a male stripper named Tiger.

1492 now....
Probably hit 1500 tonight or early in the morning.

Speak, for you to build put positions on earl and miners is quite a feat.

What's your projection on the decline for these?

Someone doesn't believe in Santa Claus.

Piece of coal for you.

"The mystery deepened when it emerged that Filomena Tobias spent $US9628 to have the pool drained and resurfaced days after her husband died."

Well, I mean really, if you knew that there had been an undoubtedly horrible messy death in the pool, wouldn't you do that too?

I understand but, realistically, if we're going to have the 'pig roast' Speakeasy wrote of in the post from yesterday that you previously cited, there's gonna have to be some truly gigantic turds hit one humongous fan to bring it about-and splatter will hit many just walkin' by, minding their own bizness. Or, to quote
William Munney(Eastwood's character in 'Unforgiven'):"Deserve's got nuthin to
do with it."

the lifestyles of the rich and famous remind me of the Roaring 20s(I wasn't there personally...lol)but the sheer decadence seems to be on such an elevated scale these days,and so wide spread,yet no-one really minds.It seems anything goes.

Its all bread and circuses.

Money for nuthin', but the chicks ain't ever for free.

SPX C wave target should be hit tomorrow....after that is when the real decision should be made....

Here's my preferred path

Well, I have only a small positions in oil and miner puts compared to retail and financials. On the USO, my initial target is 66, the 38 fib, then the 50 fib. Someone said the other day that in this jagged enviro, fibs are a good tool and I agree.

The HUI I'm a bit more skittish about and would go long if bucky breaks down again. It has a lovely McHuge that targets 343 if the neck breaks. The 50 fib retrace off August lows in as 363 which I think most likely.

SPX daily look...jammed right up into big time resistance with the meat of the ribbon structure poised to start rolling over if it fails here.....

We are once again playin' for all the marbles right in this area......I do not believe the bullz will prevail this time. We are in a much weaker position than August....

Trannies...snap back to breakdown point with full ribbon roll underway.....

KWAVE are you short the ES right now or waiting for signal?

Since it's "Ask K-Wave" day, let me join in the fun:

K-Wave, what do you think about the utilities?



but that's a serious question.

More on the Dollar.

Looks like there's a ST downtrend confirmed against the Euro.

Free fly zone is b/n 1.45 and 1.50. Three possibilities here:

Plunge below 1.45 probably suggests dollar strength is not a ST phenomenon.

Burst above 1.50 is a GTMFO signal.

I'm thinking dollar strentgh may eventually reverse and do a double top test against 1.50.

Or a combination of all three may apply.

K-Wave,

Did Santa put a coal in your stocking yet?