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Sad Weiner Monday Wrap Up
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Sad Weiner Monday Wrap Up

by The MoleJune 6, 2011

Not a good day for the bulls – although there were several attempts to stem the tide they all failed almost immediately.

Solid down day all the way and I have an inkling we’re going to drop all the way to SPX 1275 before encountering real support.

A drop such as this has not happened for almost a year now – it’s been smooth cruising for the longs since September 2011. Whether or not this represents a game changer – well, shall see. As you now know (if you’re a sub) we are entering the sideways season and if the trend has run out of juice we may drop yes, but we may also just work off bearish momentum in a sideways fashion. That’s the way it’s been for the past two years after all and the 1275 mark will be an important delineation in assessing what may happen next. More on that in a future post.

FWIW – what is it with all those perv politicians pretending to be someone they are not? Frankly, I couldn’t give a rat’s rectum about whether or not Weiner twittered his p-pic to half the nation – heck, knock yourself out. But why lie about it? Of course we all know why – in order to succeed in politics you got to be full of shit in the first place.

The problem with politics (particularly in the U.S. I may add) has always been that anyone running for office is supposed to represent some holier than thou image – which is one very few human beings are able to live up to. If I had been him I would have simply stuck with the truth as it was clear from the get go that it was his Mr. Happy in the picture.

But does this really affect his judgement as a politician? Really? Because he lied? If you seriously think that then I have some beach front property in Arizona to sell you. Let’s face it – politicians lie for a living and the standards we are holding them to are mostly unrealistic. Quite frankly – this is not the politicians fault – it’s our fault for being fucking hypocrite voters. Let’s face it – most human beings range slightly above perverted chimpanzees and we should accept them (and ourselves) as such. If you point me to any public representative with a flawless record then in most cases I am looking at nothing but a very good lier (exceptions do exist of course – in most cases those are specimen with a very low sperm count or testosterone levels).

Obviously the hot babe he married just a few months ago doesn’t seem to be enough for him. But that’s his very personal issue and I feel bad for his wife.

The good news for the rest of us: Huma Abedin may soon be available again – any steel rat takers out there? 😉

MARK STEYN ON WEINERGATE: “It’s the political class doing all this relentless “work for the American people” that’s turned this country into the brokest nation in the history of the planet, killed the American Dream and left the American people headed for a future poised somewhere between the Weimar Republic and Mad Max. So, if it’s a choice between politicians getting back to work for the American people or Tweeting their privates round the planet, I say, Tweet on, MacDuff. Tough on our young college ladies. But, as Queen Victoria advised her daughter on her wedding night, lie back and think of England. Download and think of America.”

Cheers,

Mole

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About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at various social media waterholes below.
  • Anonymous

    Wow! What a dick this Weiner guy!

  • Anonymous

    Big Huzzah for Huma!!

  • Anonymous

    After I thought that my E-Mail Notifications had been fixed, I had to leave for a while and just got back to find out that I had 13 New E-Mails from Disqus.

    WTF, so now it’s back to either I get everyone’s posts on ES through E-Mail or I get nobody’s post through Email.  

    I’m not a Techie, but I’m having difficulty understanding how something so simple could get so fucked up.  

    So it’s back to the drawing board on this.

  • Anonymous

    It’s because, technically, Discus is a warm smouldering piece of shit.

  • http://evilspeculator.com molecool

    Look – I can appreciate your frustrations but why don’t you contact disqus support on this one? Bitching here won’t get you anywhere, sorry to say.

  • Anonymous

    COMP sliding just above lower BB, reached resistance today:

    http://www.uploadgeek.com/share-19B7_4DED4429.html

  • Anonymous

    COMP sliding above lower BB and reached resistance today:

    http://www.uploadgeek.com/share-19B7_4DED4429.html

  • Anonymous

    and fuck disqus.

    there, i feel better now…

  • Anonymous

    That’s what I was planning on doing.  

    My comment was just a follow up to my post on the last thread where I thought I had fixed the problem.  Also it was to let Raised By Wolves know that it was still Fucked Up.  Also RBW, is much better at this stuff than I am and if he can’t make his work then I don’t have high hopes for getting this situation resolved at all.  

    But I will contact Disqus Support nonetheless.  

     

  • Anonymous

    Mole
    Is a big volume spike on a lower signal than the previous signal high, have some edge ? 
    not as good as one on a large spike I suppose. 
    i’m referencing the one on the Euro 1000tick around the 0.5 signal level not long ago

  • http://practicalt.blogspot.com/ Gold_Gerb

    at least it’s not radioactive spewing into the jet-stream.

  • http://practicalt.blogspot.com/ Gold_Gerb

    it’s a bunch of bologna.
    😉

  • TwinTurboRX7

    nvm. learning disqus…same as guest post.

  • Guest

    stopped loss SLV at 35.5 earlier today, was in SLV at 35.25 from last week. Now it is 36 in AH. How should I learn to put better stop?

  • Anonymous

    what’s the significance of 1275? just because it’s the lower BB? 

  • Anonymous

     Dollar is still too strong against Russian ruble IMO.

  • Anonymous

    Im been in my bear suit….think we still have more to go down.

  • raised_by_wolves

    @molecool:disqus @BobbyLow:disqus Hmm, I never thought to simply contact Disqus support. Wait, that means I’ve been wasting my life day after day reading through their damn developer docs and finding nothing. 😉
    As for Huma, she’s more beautiful than any of the women Weiner was sexting.

    As for Weiner and his dick, it’s the same problem as Boehner and his drivers. Few if any representatives actually read the bills that they vote on. Think about it. That means that we don’t have representation. That’s why a Read The Fucking Bills Act is direly needed.

    http://www.downsizedc.org/etp/campaigns/148/

  • raised_by_wolves

    One of the nice things about Convict Scott’s method is that you have clearly defined stops. Go through Scott’s articles and look at his charts. If you’re new around here, Scott’s charts look like this: http://evilspeculator.com/wp-content/uploads/2011/06/3-june-silver-adx.png

  • http://evilspeculator.com molecool

    It’s a pretty number.

  • Anonymous

    Tim Geithner says “The United Kingdom’s experiment in a strategy of ‘light touch’ regulation to attract business away from New York and Frankfurt ended tragically.”

    http://www.bbc.co.uk/news/business-13677012

    Maybe, but have you seen the shit in your back garden mate? 

  • bisq

    Yesterday was surprising : >90% down day (down volume of up+down volume)  Usuaully expect a rally lasting a few days after that sort of panic. Didnt feel like it though.

  • volar

    7MM puts the last two days, but not even close to capitulation IMO

    but TRIN was nuts

  • bisq

    Would like to see more volume first and an intra-day turnaround perhaps but i think we are going to test the 100 dma again at 1317 pivot. Im bearish but just sense this isnt going to be easy. Fancy a headfake is coming : what sort of put volume do you usually see at swing lows?

  • bisq

    Disqus eating comments again. What sort of put vol you normally see at swing lows?

  • volar

    like 8-15 mm over 2-3 days… we have done 6-7 for the last 3

  • bisq

    kinda hoping for a silly rally today and tomorrow so i can knock some more pikey banks out.

  • Anonymous

    Aus$ gap down , held the rates at 4.75

  • bisq

    Aussy situation reminds me of UK in 08. They’ll be cutting rates to zero to prop up their housing bubble before you know it.  Collapse in commodity prices will do for the Aus economy what a collapse in fin services did to the UK.

  • Anonymous

    that makes good sense. what are your thoughts on a meaningful drop in commodities again?

  • bisq

    Honestly , i wouldnt look for oil to fall back like it did in 08 , not that far anyway. And we all gotta eat – i dont trade softs though.  But Id expect copper and other industrial metals to take a serious pounding. Did you hear Fisher on CNBC just now – interesting.
    No more QE , over to you Obama.  Market already priced that in though imo , look at USG bonds. Unlike the consensus , i think there will be plenty of buyers to finance the Federal Deficit once markets understand the spigots are being turned off and risk goes off. Fed have to protect the dollar , they want it to rally for a few quarters so they can prime the pump into election year as the economy falls off a cliff.  
    This is all just theorizing though. I have a big picture trading plan and am sticking to it , the short term though is going to be choppy.

  • Anonymous

    I listened to Boston Fed Rosengren last night, a bit more open ended on QE , also a bit defensive in his tone when asked about policy effect on $ and prices. 
    As far just the fundamentals on commodities, I’ve been thinking about what the US will do on this debt ceiling. they always raise it, but will their be enough votes to tie some sort of meaningful spending control to that agreement. that COULD be a catalyst for a significant correction in this longer term commodities bull market. however they have rarely shown any willingness in the past to reduce spending in a meaningful way. and as you say next year are the elections

  • Anonymous

    /SI 60min RTV and possibly Inside Bar Fail
     Sell triggered last hour

  • Anonymous

    I just read that “The Market is eagerly awaiting” to hear from Benny Today.     The market is eager alright.  What the Market is really eager for is an answer to the question of where’s my M- Fcking Free Money going to come from?  

    Now I notice that Benny’s not speaking until 3:45 PM EDT?  Hmmm?  But Lockhart, the President of the Atlanta Federal Reserve Bank is Speaking at 12:30 PM EDT Today.  So maybe we get a 1-2 Punch.  

    Anyhow, what can they say?  “Put on a stiff upper lip”? “The sun will come out Tomorrow”?  And best of all, I wonder how many times Benny will use the word “Transitory”?  

    Whatever.   It’s all Bull Shit anyway.

  • volar

    NEW POST

  • Anonymous

    Check out the 4 hour chart.

  • Anonymous

    to me it’s leaning more toward the bearish side again, first time since the bullish engulfing candle Friday Morning