Reality Kicks In

As a nice soundtrack to watching the completion of today’s gyrations I have a nice soundtrack for you rats:

And yes, there is a resemblance with the Mole-Meister :-)

3:47pm EDT: Pappa Prechter on CNBC right now! Exquisit timing I might add.

This entry was posted on Wednesday, November 4th, 2009 at 4:41 pm and is filed under Market Outlook. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

  • ¤ø„¸¸„ø¤º°¨¤ø„¸¸„ø¤º°¨
    ¨°º¤ø„¸ N E W „ø¤º°¨
    ¸„ø¤º°¨ P O S T ``°º¤ø„¸
    ¸„ø¤º°¨¤ø„¸¸„ø¤º°º¤ø„¸
  • centerline
    Comments on the VIX? Appears we have a confirmed signal.
  • Schwerepunkt
    Damn! Had to take my son to get his H1N1 jab, and come back to see I missed a 12-pt drop on ES. Can somebody tell me what happened after 3:15pm? Did Art Cashin release some gas on the floor?
  • bit brave for the H1N1...
  • bananaben
    Well after the double fakeout HAL9000 decided to dump its shares on the stupid ass bulls!
  • Tronacate
    Mole.....you seem in a really happy mood today!!.......KUDOS......good job to you and the BERK-er-bator
  • BigHouse(Aka Mr Vix)
    csco pushing shit up after hours
  • CorporalCarrot
    Ahahahaha, heres how marketwatch explain it.

    "Stocks end mostly up after profit-takers step in"

    With that, I'm off to the pub for a few pints of Guinness.
  • CorporalCarrot
    I'm seeing the spreadbets on both indices climbing nicely in AH. 9835/1050 quoted at present.

    Anyone got any news at all that could explain the late day dump?
  • Vardoger
    Think we still might see 60's by Friday. If this is B and we get some weakness on the open might be tracking for a long, possible inv H+S building out that should get busted but from higher!
  • gregn
    I would be very surprised to see 60's after the markets action today after the good news.
  • gregn
    Every index marginally green -- nice.
  • Oh come oooon - already the bell? We were having fun!
  • anthem
    Tell me about it. Would love to have another hour. . . filled the gap, should have been overtime. .. .
  • KK_KK
    even the market needs a little breather sometimes :)
  • Careful here - EURUSD not confirming the enthusiasm of the indexes and SPY is camped on the 50% retrace of the move from the bottom.
  • CorporalCarrot
    Folks, I expect they will struggle to stay green today, but that must surely give good odds for a gap down tomorrow?
  • DesertEagle
    To paraphrase Sean Connery on Celebrity SNL, "Suck it Bernanke...Suck it long and suck it hard."
  • Tronacate
    Barney Frank would go for that
  • ClutchShorter
    Earlier this week I said that the tides have turned. In July/August, we sold off in the morning only to be met with a rally in the afternoon. Now we are seeing rally in the morning and sell offs in the afternoon.
  • Tronacate
    Yuppers
  • derekste
    Posted this in the old thread... Why is the ToS iPhone app so limited?!? Painful to watch and not be able to fully partake in the fun... Oh well, 108/110 call spreads I sold seem to be enjoying it
  • Tronacate
    Kind of blows if you bought the little dip today........
  • mediatik
    Nri.to waiting for fda approuval today its 0.34 now it will be approved

    disclosure i am long nri.to now and it could run alot freom here if its aproved after 4 pm
  • KK_KK
    anyone closing their AMZN puts? i'm probably not.
  • amokta
    what happend markets tanked - should have bought some bgz earlier!
  • Yes, hindsight trading works every time. Whatever you do, don't listen to Mole ;-)
  • amokta
    thanks, these etfs are tricky! - i think puts are the way to go !
  • gregn
    I do not think they are going to let any of the major indexes close red I expect a nominally green EOD.
  • Bart7
    Prechter just on CNBC- sees a 1 to 2 year dollar rally ahead... that fit's Roubini's assumption, looks like they're on the same page...
  • cramar
    Maybe, maybe not! I think Prechter is calling for a rally in the buck starting soon. Roubini seems to indicate it may be 6 months to a year off:
    http://www.cnbc.com/id/33616897
  • Bart7
    true, their timing is different. Roubini was saying the bubble could last awhile longer...
    I side with Prechter, think the buck has bottomed, though maybe a retest... Longer term they are on the same page
  • Tronacate
    Bet they didn't like that big red mark on equities.....lol
  • Tronacate
    COMPX......red.....lol
  • I_got_Prechterized
    wow, what a great day!! I loaded the boat short at 1058. I don't see any reason to cover here.
  • Damn me having to wait for 1066 - but meh - I'm short as a midget already so fine with me :-)
  • Tronacate
    Figured that.......you just wanted that number to really ratchet up the leverage.........I know how the insane operate.....
  • CorporalCarrot
    Mole,

    I'm similar, I've been holding for some time now, but had left orders in at 9950-10k. They didn't get filled but so be it. I got some done at 9915 and those SPY puts recommended by BErk are working a treat.

    Thanks guys.
  • You can't get wrong with the Berk-Meister.
  • Tronacate
    I wouldn't........the fun is just getting started
  • BigHouse(Aka Mr Vix)
    Boy that was a short interview
  • Covered everything investors need to know.

    1. Run for the hills.
    2. Run for the hills.
    3. Hold on to your Dollars.

    What else do they need to know?
  • Tronacate
    Didn't talk about "green shoots" or what???
  • anotherone
    Woke up from a nap to a nice red candle. Nice.
  • DesertEagle
    All of Curly's hard work got wiped out in less than 30 minutes! Hahhah cheers!
  • Oh, we're just getting started.
  • newbear
    Love it Mole!!
  • You like Aphex Twin or the market? I'm partial to both right now.
  • gregn
    Unless we get a ridiculous push, I called this yesterday "It's funny that we are considering this action a rally when SPX is at -.76 and DJX at -.32. I am skeptical of a rally tomorrow -- perhaps a shortlived pop."
  • BigHouse(Aka Mr Vix)
    """""""""""""""" Pappa Prechter is going to be on CNBC right now**********
  • gregn
    Did teddy return to bed or is he still on the prowl?
  • BigHouse(Aka Mr Vix)
    Resting in bed
  • gregn
    Hahah @ resemblance. No daiquiris, however.
  • BigHouse(Aka Mr Vix)
    Prechter is going to be on CNBC right now
  • Saweet!
  • Crank it up boys and girls!
  • Vardoger
    new low on /es ;) gap fill on deck?
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