TRENDING
Now this was a fun day – although bananaben would probably disagree. Sorry buddy!! You’ll snap back from this!
Well, to the bears I now give the same advice I would give to that 40 year old virgin. Dude, you better close the deal this time! 😉
This is why – we closed far outside the 2.0 BB on Mr. VIX. But the worse news is that the LOWER border of that BB is now extending a lot further down. Good luck seeing a push below 14 anytime soon – sheeesh. The bears better make this one work, ladies and leeches…
More short term – check out the divergence we saw on the Zero Lite:
Yes, we prefer to see those [...]
by gmak
Their lips are moving.
The yield on Greek 2 year bonds is higher than that of Venezuela. In fact, it is the highest rate IN THE WORLD. Soon the debt will be toxic enough for GS to do God’s work and stick it in a CDO-squared to push off on unsuspecting foreign investors. Then they can pump each other up with profanity in internal emails and self-congratulations on duping the suckers yet again, and eternally with the .gov’s blessing.
In the meantime, Lloyd is going to swallow his pride and thank the taxpayer for their support – all the while pretending that GS has paid back every cent with interest. Pay no attention to the fact that [...]
by gmak
Greece has a week to produce budget plans to reach their fiscal deficit targets or they are not eligible for aid. The economist estimates that foreign banks’ exposure to Greece and Portugal is about E$1.2 trillion. Wednesday, we will be graced by yet another statement from the FED. Given the dissent we have seen from some members, I would love to be a fly on the wall for those meetings. Saturday Night Life has started to poke fun at the unions. Even they can see the farce and ridicule in “pork for life” – so why can’t the unions themselves. So long as they exist in any profession and are able to limit supply, then this will be the norm in [...]
I’m again strapped for time this weekend, but somehow managed to dig up some kick ass charts for you guys. So, let’s dispense with the platitudes and jump right in. First let’s get in the mood though:
Now you guys know what keeps me so busy during weekends 😉
As you all know by now my general effort is bring EWT to where it should have been for over a decade now. Explanation: EWT without a meaningful sense of time and momentum is only useful after the fact. Without these measures it can at most only be used to estimate the length/strength of a particular move. Or it may be used to draw exact inflection points at which either the [...]
At The Edge Of The Abyss
