Tuesday, September 1, 2009

HOT MONEY AND HOT WOMEN

What gives with this market ........one minute we are in a bull market......and the next we are sliding towards oblivion.....only one explanation.....we are in P3.........NOT.....Sorry.....Hot money is just like Hot women.....easy to get a lot of it but hard to keep it.....Right now this world is awash in it. If you think that Wells Fargo is in trouble (other than it is insolvent of course) you need to ask what planet you are on.....You are on Romulus you dummy........remember......when your Ponzi scheme collapses you print more money....get serious gang this smells like a set up......bulls trotted out and GS runs and hide..........NO WAY. GET OVER IT. The rumor on the bank today may have merit ........but NO WAY its one of the big boys.....they are going to give all the banks to these scumbags .........COUNT ON IT..........anyway its a lotta fun tonight......but I am not gonna get my panties in a wad......and just be careful....gl gang

http://jessescrossroadscafe.blogspot.com/2009/09/rumours-du-jour.html

25 comments:

  1. Beartrap, bring in shorties to get the squeeze to pump it up to where there is no overhead resistance on SPX so they can run it up beyond the Lehmann resistance area. Original P2 targets hold.

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  2. Fickle like women, too. Re: Uber Bear Call....but that is the way it is played...we need those to think equities are going higher, alot higher. and that the world is awash in hot money...alot of it. But there are more businessmen than "traders" and soon enough both will be out of business....and the never-ending solution...print more money? But somehow the Tsy traders do not agree at all. So tell me which is smarter? Credit or Equity? Credit - hands down.

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  3. you and jesse have it right. this market was getting tired and needed the drop to entice new buyers to bring it up beyond 1039. Will it work? Tommorrow should provide the clue.

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  4. Isn't this really a bull trap as well in the making? Everyone's been talking about the money on the sidelines waiting to get in (not too sure there is that much money). Bring the markets down, bring in the shorts on the way. Let people see a bottom, bring some longs in, crush the shorts on the way back up, bring in more longs because everyone was waiting for this correction and now we just have to go up more, crush the longs on the way back down, on and on it goes until the next "unforeseen event". Then down it goes pretty good, fed steps in, etc. Wait, haven't we done this already a few times?

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  5. homerrulesall, yes very good point "we have seen this all before" and the dance will go on and on until it doesn't. none of us will know when that will be. We only have a few clues as to when it will end is all. Buy and hold gold. and play the market "their" way. and take a small gain here and there. Pigs get fat hogs get.. Well we know what hogs get now don't we. GL

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  6. Ahhh yes, I am hearing it already....don't you? "They" are just ratcheting it lower...sucking in the bears, then POW!!! Rally back! Bank rumor yesterday was just a suckers rumor and just before employment on Friday....WOW! This blog is exactly what a "true" bear wants to see.

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  7. morning.......looks like chop shop at work dow turning green now ......luv it .....

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  8. A post that this should have pictures...plz

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  9. i think p3 just fizzled for now.

    I leaned about another "big spin" about real estate.

    The banks actively bid and often times buy their own houses out of foreclosure which does several things:

    1. creates the image of "interest" in real estate.
    2. generates "sales" where maybe there would be none.
    3. Keeps prices stable in neighborhoods where maybe the have the mortgage on every other house.

    whats is going to happen when the next and larger wave of 3.5 million hit. wow they are f'd.

    The crime here is first time buyers are being set up to fail as the house that is bought today will be alot cheaper tomorrow.

    realestate p3 is almost here.

    da Black Sheep

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  10. black......this should be very confusing if my suspicions are correct ...with the top holding for awhile then just as they take it down hard with EVERYONE on board for P3 then we get the stick save......probably in late october before the big run up ......Palmerjoe is hopin they stick it to the miners so we get to buy cheap......but it is still a guess.........

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  11. If miners and gold DONT correct by late october then that means the game is over and they are in a bigger move up

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  12. If Gold breaks 985, then 1000 coming, monetizing debt is the killer. Go GORO.

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  13. It's coming in to Gold's seasonal upside zone.
    Look at today we have all been watching this 800 ton gorilla sitting on 960 gold. Looks like we might have pushed him to the 980 area. And the Dollar is down just a little? Why is Gold up today? And Silver? Stocks are flat so no news there? Is something stinking in the air? Or is this just the seasonal rally for PM's ?

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  14. look at vgz...whatta ya think?

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  15. vgz......spec play which can explode...look at goro and tlr......

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  16. Gold closed at 981, what a day!

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  17. Mark,

    VGZ will go up as well. VGZ and ANV used to be the same company couple of yrs ago before they split. ANV has done very well. I'll buy some VGZ if I were you.

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  18. immred,

    is ung toast?

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  19. kli,

    George Soros owns 2M shares of ANV, this company holds heavy Gold reserves:
    http://finance.yahoo.com/q/mh?s=ANV

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  20. Gold on the Mind
    Soros initiated his opening position in small-cap Allied Nevada Gold Corp. (AMEX:ANV) in the first quarter of 2009 with a modest 53,837 shares. He has since upped his stake 40-fold in the company (4242% to be exact) to hold 2,337,661 shares of the company's common stock. The shares have nearly doubled in price since March and currently stand at $8.25. Allied Nevada is a development-stage gold company with operations centered in Nevada.

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  21. UNG is not toast, just capitulating. Combination on liquidation on the futures market, premium being worked down, and cotango games.

    I though low 9s was a good entry, not certain anymore. Probably have to wait until the premium is worked out of the shares and nav. Capitulation could have been today or when natural gas is another 10-15% and UNG is trading at NAV or discounted.

    I would definitely watch gold though. That move today is highly unusual considering everything else: energy, currency US, equities and the 10 year bond. Ironically gold is the least manipulated market at the moment, could be something is wrong or just another end of trend commodity spike/capitulation. If you lose focus and only look at short term trading you will forget the bigger picture. My core precious metal/miner holdings are still intact not really trading them. UNG is painful enough to cause doubt on opening a major long position
    until the NAV issues are resolved.

    My guess is some major new monetization scheme is going on in the background.

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  22. immred, thanks, i respect your opinion

    i am inat 15 and on margin, i know, stupid

    how much upside do you see once things settle

    was thinking of switching out to sds

    thanks man

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  23. final note on gold as several posts have indicated "something stinks" anyway whether they get their finger in the dyke or not....not important.....you should have a position in the miners....and hope like hell they pull off of resistance ????wherever the fk that winds up and you get your load heavy....start shopping but keep cash.....this move was predicted recently on an article I posted lets see if it pulls back......

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  24. UNG maximum NORMAL upside is 14 in the next 4-6 weeks and around 17 in the next 4-6 months, barring a major incident in the gulf, middle east, or us currency. Could capitulate anywhere from today's low to high 7s. Move was meant to wipe out leveraged long players, before they take it back up again.

    Don't play leverage positions in the market, they will take out your stops or force the margin calls.

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  25. Red,

    if 9 does not hold, then 7.50 to 7.60 is the BOTTOM for UNG.

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