Posted by hillsyde on 12th of May 2010 at 02:03 pm
It's probably a rumor being floated for the obvious
reasons. And the web page is probably an old one that was
demobed. I went to kitco and tested it by changing the URL to
a DM extension to get the Deutch Mark page and it is there.....
none of the other euro zone currencies would come
up....Hmmmmmmmmmmmmm
"In one second more or less someone (and yes, under these
circumstances, human beings take control of the machines) made the
decision to pull the bids on every equity in the S&P,
every financial futures contract, every FX contract in every market
in the world. This kind of thing just doesn't happen in a
pure auction environment; there just isn't a tight enough
communication link between the parties to allow the decisions to
propagate within the same second -- even with HFT algorithms.
No. Some human made the decision to pull the bids; all of
them, all at once. If that is not a condemnation of the
concentration of financial power and the systematic risk it
engenders I don't know what is"
Full article
Yes, the merits of the SEC’s case are questionable, and Goldman
Sachs (
GS) could likely win a
court battle, and easily afford any fine imposed.
The timing of the scandal could hardly be worse.
The current rally is in trouble
Fundamental Problems: With the EU debt crisis once again
unraveling and China getting more serious about slowing its growth,
it has plenty of headwinds
Given the above, and that stocks are already at 52 week highs,
markets were already selling off after the good earnings
announcements Friday BEFORE the Goldman Sachs fraud charges were
announced, and, as we warned, is likely to be sold off on anything
less than stellar earnings results.
Inter-market indicators are also bearish:
Commodities: gold and oil have been forming the beginnings
of downtrends (relative to the safer ones) for over a week. Prior
to the last stock pullback in late January, gold and oil also were
well into their corrections before stocks even got
started.
Forex: Over the past weeks, the #1 safety currency, the
Japanese yen, has been gaining ground against all major currencies
despite the lack of significant positive Japanese economic news,
and the aftermath of Japanese exporters' yen buying spurt was over.
Thus the yen’s rise can only be due to forex traders seeking
defensive forex plays and unwinding riskier carry trades in higher
yielding currencies.
The financial sector has lead markets in and out of rallies.
This scandal is a likely direct hit on the sector, which is already
challenged by widespread but hidden solvency issues and a new round
of mortgage resets and spikes in nonperforming real estate loans.
Now the sector must also contend with a newly hostile regulatory
environment, reduced earnings, soaring legal costs and liabilities.
These new threats may ultimately prove manageable, but in the short
term they could create tremendous uncertainty for an already
stressed sector and stock market.
REST OF ARTICLE HERE
Posted by hillsyde on 12th of Apr 2010 at 05:44 pm
Hey Matt, ICU on 321gold
http://www.321gold.com/ Good for you! I
hope you will reap many more subscribers. Your service is the
best thing going in my opinion and you guys deserve the
recognition....... cheers
I am a little skeptical of this rally. This is the
reason. I have been watching this option pain for a while and
GDX seem to hit within a buck of this price on expiration day, of
course this time could be different....... options expire, End of
Day, April 16th.................
Posted by hillsyde on 27th of Mar 2010 at 11:46 am
"I have recently been asked by some of the readers here why I
continue to say that this is a bear market rally. There are a
number of reasons behind my belief that this is a bear market
rally, one of which has to do with bull and bear market
relationships."
Posted by hillsyde on 19th of Mar 2010 at 03:21 pm
Amen! I know they float these rumors and stories and put
Prechter on TV to get everyone wrong footed but, one should always
be aware that there CAN BE days when there are virtually NO bids
for the assets you would like to sell. Not a pretty
picture..........
Posted by hillsyde on 19th of Mar 2010 at 03:01 pm
For many who read this email remembering the 87 CRASH only seems
like a few years ago. The S&P pit was full, 250 + locals
fighting for a spot. Back then you had a spot and no one and I mean
one was allowed to stand in the other guys spot. If you were a new
comer it wasn’t like someone said “hey new guy? You can’t stand
there” it was like “what the F do you think you’re doing?” Fights
were a daily occurrence. You quote something up, you go to whack it
out and after a few seconds of negotiation the clerk in the pit
says … nothing done! (90% of the time when you got that they were
already a handle lower so explaining it to the customer was
impossible.Many years ago when the desk was all cranked up we had a
few spats or Danny did. Look you give the desk an order it’s up to
the guy working the phone to make sure the customer doesn’t get
screwed. Well that sounds easy but it wasn’t. Everyone will have a
story or two about but few desks sat so close to epicenter as we
did. At the height of our desk operation we had 10 clerks all lined
up in one row and our desk volumes according the CME was many times
the no.1 volume desk on the S&Ps. Some of the locals in the pit
that are still around and many that read this email know that when
you left for work you were preparing for battle. After a night out
of drinking and no food it was right back to the floor pit or
phones it didn’t matter there was nothing like it ever. I don’t
care what they say about the bond pit. Been there done that. When
the spoo pit was full and the shit was hitting the fan there was no
place on earth where the cash flowed so quickly. Heading into the
87 CRASH the markets did exactly what they are doing today. They
went up almost every day for weeks until one day the bubble burst.
Some may disagree but the few days in 87 was 100 times more scary
than the sell of down to 666. Some will say BS to that but you know
what you had to be there. There was nothing to stop it. It wasn’t a
sell off it was an event that shook the foundation of every trading
firm in the world. When the margin calls stated hitting it set off
a cascade of margin calls. Fortunes were made and lost every minute
that day. Making and loosing 250k to 500k every few minutes was not
uncommon. The locals had firing power and when the bid / offer was
2 handles wide and the order filler would sell 2-300 big S&Ps
($50k per handle , per 100 lot) and if the S&P up ticked a few
points the locals on the other side made 450k, sometimes that
didn’t take but 10 seconds. Yea this is real and it went on in much
larger size over the several days of the initial sell off. The wide
bid offer invited in the program bid from Morgan Stanly and UBS and
others. As the markets fell the ONLY bid was for a sell programs
and our desk had 4k BIGs to sell as the markets tumbled. The Pit
Bull reminded me of how the market went up everyday just before the
87 CRASH yesterday. He didn’t say he thought we were going to CRASH
but he didn’t need to. He and I were on the phone back than and
when the markets started moving lower he knew the time had come.
Paul Jones knew too, he made his name in the business back then. He
had been selling for weeks and when the markets started to CRASH he
sat back and made a millions over a 2-3 day period. We have many
stories about 87 but the one that hurt the most was what happened
after the sell off. It took several years to rebuild. While we
maybe older now that does mean we can’t still FIGHT it’s just hard
to punch a computer.
The community is delayed by three days for non registered users.
Hummmm
Here is a great rumor... if true KATIE BAR THE DOOR
Posted by hillsyde on 12th of May 2010 at 02:03 pm
It's probably a rumor being floated for the obvious reasons. And the web page is probably an old one that was demobed. I went to kitco and tested it by changing the URL to a DM extension to get the Deutch Mark page and it is there..... none of the other euro zone currencies would come up....Hmmmmmmmmmmmmm
Here is a great rumor... if true KATIE BAR THE DOOR
Posted by hillsyde on 12th of May 2010 at 01:49 pm
http://tinyurl.com/36cwt6o
Todays MrTopStep for ES traders
Posted by hillsyde on 12th of May 2010 at 01:10 pm
http://www.youtube.com/watch?v=DRI5Id9vz6U
Record Number Of Foodstamp Recipients And Near Record Low Volume - Market Melt Up Guaranteed
Posted by hillsyde on 12th of May 2010 at 01:08 pm
click here
Here is the chart (didn't go the first time)
futures
Posted by hillsyde on 12th of May 2010 at 08:11 am
Sure Did
futures
Posted by hillsyde on 12th of May 2010 at 08:02 am
Seem they just followed the Euro around all night
Dissecting the crash -- ZeroHedge
Posted by hillsyde on 7th of May 2010 at 08:00 am
"In one second more or less someone (and yes, under these circumstances, human beings take control of the machines) made the decision to pull the bids on every equity in the S&P, every financial futures contract, every FX contract in every market in the world. This kind of thing just doesn't happen in a pure auction environment; there just isn't a tight enough communication link between the parties to allow the decisions to propagate within the same second -- even with HFT algorithms. No. Some human made the decision to pull the bids; all of them, all at once. If that is not a condemnation of the concentration of financial power and the systematic risk it engenders I don't know what is" Full article
Problem explained at ZeroHedge
Posted by hillsyde on 7th of May 2010 at 06:33 am
Skynet's cooling fan inadvertently sucked a few nearby green shoots into its mainframe causing a minor "glitch."
SeekingAlpha --author: Cliff Wachtel
Posted by hillsyde on 18th of Apr 2010 at 09:46 am
Yes, the merits of the SEC’s case are questionable, and Goldman Sachs ( GS) could likely win a court battle, and easily afford any fine imposed.
The timing of the scandal could hardly be worse.
The current rally is in trouble
Hey Matt, ICU on 321gold http://www.321gold.com/
Posted by hillsyde on 12th of Apr 2010 at 05:44 pm
Hey Matt, ICU on 321gold http://www.321gold.com/ Good for you! I hope you will reap many more subscribers. Your service is the best thing going in my opinion and you guys deserve the recognition....... cheers
Jobs news at 0830
Posted by hillsyde on 8th of Apr 2010 at 08:14 am
Precious metal stocks.....
Posted by hillsyde on 6th of Apr 2010 at 08:03 am
I am a little skeptical of this rally. This is the reason. I have been watching this option pain for a while and GDX seem to hit within a buck of this price on expiration day, of course this time could be different....... options expire, End of Day, April 16th.................
Ha Ha right up there with "C"......Blackbox fiesta
want to laugh?..look at the volume on F today....lol..
Posted by hillsyde on 31st of Mar 2010 at 05:23 pm
try this
To rob a bank own one
Posted by hillsyde on 31st of Mar 2010 at 09:08 am
http://www.investmentpostcards.com/2010/03/31/bill-black-%E2%80%93-to-rob-a-country-own-a-bank/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+wordpress%2FVYxj+%28Investment+Postcards+from+Cape+Town%29
Tim Wood - Quote and article
Posted by hillsyde on 27th of Mar 2010 at 11:46 am
"I have recently been asked by some of the readers here why I continue to say that this is a bear market rally. There are a number of reasons behind my belief that this is a bear market rally, one of which has to do with bull and bear market relationships."
http://www.financialsense.com/Market/wrapup.htm
Amen! I know they float
Interesting.....
Posted by hillsyde on 19th of Mar 2010 at 03:21 pm
Amen! I know they float these rumors and stories and put Prechter on TV to get everyone wrong footed but, one should always be aware that there CAN BE days when there are virtually NO bids for the assets you would like to sell. Not a pretty picture..........
Sobering thought from the same floor trader as the video
Posted by hillsyde on 19th of Mar 2010 at 03:01 pm
For many who read this email remembering the 87 CRASH only seems like a few years ago. The S&P pit was full, 250 + locals fighting for a spot. Back then you had a spot and no one and I mean one was allowed to stand in the other guys spot. If you were a new comer it wasn’t like someone said “hey new guy? You can’t stand there” it was like “what the F do you think you’re doing?” Fights were a daily occurrence. You quote something up, you go to whack it out and after a few seconds of negotiation the clerk in the pit says … nothing done! (90% of the time when you got that they were already a handle lower so explaining it to the customer was impossible.Many years ago when the desk was all cranked up we had a few spats or Danny did. Look you give the desk an order it’s up to the guy working the phone to make sure the customer doesn’t get screwed. Well that sounds easy but it wasn’t. Everyone will have a story or two about but few desks sat so close to epicenter as we did. At the height of our desk operation we had 10 clerks all lined up in one row and our desk volumes according the CME was many times the no.1 volume desk on the S&Ps. Some of the locals in the pit that are still around and many that read this email know that when you left for work you were preparing for battle. After a night out of drinking and no food it was right back to the floor pit or phones it didn’t matter there was nothing like it ever. I don’t care what they say about the bond pit. Been there done that. When the spoo pit was full and the shit was hitting the fan there was no place on earth where the cash flowed so quickly. Heading into the 87 CRASH the markets did exactly what they are doing today. They went up almost every day for weeks until one day the bubble burst. Some may disagree but the few days in 87 was 100 times more scary than the sell of down to 666. Some will say BS to that but you know what you had to be there. There was nothing to stop it. It wasn’t a sell off it was an event that shook the foundation of every trading firm in the world. When the margin calls stated hitting it set off a cascade of margin calls. Fortunes were made and lost every minute that day. Making and loosing 250k to 500k every few minutes was not uncommon. The locals had firing power and when the bid / offer was 2 handles wide and the order filler would sell 2-300 big S&Ps ($50k per handle , per 100 lot) and if the S&P up ticked a few points the locals on the other side made 450k, sometimes that didn’t take but 10 seconds. Yea this is real and it went on in much larger size over the several days of the initial sell off. The wide bid offer invited in the program bid from Morgan Stanly and UBS and others. As the markets fell the ONLY bid was for a sell programs and our desk had 4k BIGs to sell as the markets tumbled. The Pit Bull reminded me of how the market went up everyday just before the 87 CRASH yesterday. He didn’t say he thought we were going to CRASH but he didn’t need to. He and I were on the phone back than and when the markets started moving lower he knew the time had come. Paul Jones knew too, he made his name in the business back then. He had been selling for weeks and when the markets started to CRASH he sat back and made a millions over a 2-3 day period. We have many stories about 87 but the one that hurt the most was what happened after the sell off. It took several years to rebuild. While we maybe older now that does mean we can’t still FIGHT it’s just hard to punch a computer.
Interesting viewpoint from the ES floor traders
Posted by hillsyde on 19th of Mar 2010 at 02:16 pm
http://www.youtube.com/watch?v=Je3Bz494tpg
Yes... smart guy, good interview
Paul Van Eeden on BNN yesterday
Posted by hillsyde on 19th of Mar 2010 at 12:55 pm
Yes... smart guy, good interview
Preparation for Options Expiration Racketeering Week (ZeroHedge)
Posted by hillsyde on 14th of Mar 2010 at 03:40 pm
It's a Wally World.............
http://www.zerohedge.com/article/preparation-options-expiration-racketeering-week