With Treasuries to sell and weakling USD already back down to 80.2x, I wonder how much upside in equities HB&B can afford. Guessing stocks whipsaw to down until Ben loads up, then an EOD recovery of lost ground to break the fall.
Keep in mind that penny stocks can and do plunge at any time for no reason, and may then drift lower for long spells. Share prices may also suffer from unexpected dilution. If you have a nice profit you might consider selling a percentage of your position. If you're long term bullish you might place a GTC bid way under the market to pick up a bargain if she takes a dive. GL
Think-Treasury auction. The Fed cannot have a strong market now(hey, the banks did their secondaries) and sell 100 billion in worthless crap at the same time. We were in the throws of bond revulsion 3 weeks ago. The market was propped with all this programmatic trading and SPY purchases to keep the barn open for B of A and Citi.
Now BennyTimCo have to fence all this stuff to the risk trade-so -let the S&P and DOW go faceplant 3 trading days before auctions time.Watch for a nice sucker punch to gold futures to drive panicked investors into the Bond market in the "nick" of time. It all works out "great" for the Fed so far! Even Standard and Poor's going Sarah Palin on British ratings drives money out of Europe. Ain't life grand when you are the 4th branch of gubment
Originally posted as a comment by Aenar on Zero Hedge using Disqus.
You may get a stiff neck from looking over your shoulder while using. Perhaps the back of the receipt could feature a coupon for chiropractic services... or self-defense classes.
It is natural to expect that in order to support the USD and the Bond market, equities will be crushed and the .HUI along with it.
However, I am wondering whether the usual 'flight to safety' into Treasuries might not follow according to the old ways. Certainly money will flow in that direction but I am getting the sense that bullion and miners will not take the same kind of pounding as in Fall 2008. The outlook for the USD is now in focus.
The early 2009 market decline (before the March 9th pumps were turned on) was not reflected in the mining stocks, hmm?
I also feel that sell button calling, but may not take as much off the table, if any.
Wouldn't be surprise if Gold pounding this morning is a desperate attempt to burnish the long green, but it doesn't seem to be working. And Silver continues muscular. Hi Ho!
"What chance does a returning deceased war veteran have for that good paying job, more sugar and that free mule you're dreaming of? Well, think it over. Then take off your shoes. Now you can see how increased spending opportunities mean harder work for everyone...and more of it, too!"
Agreed. Let's see how the final hour goes today. Believe Da Boyz may want to bend the shorts over the table a couple more times as a reminder not to get too confident.
$14B in 30-year bonds in a messy auction at a high yield of 4.288% (vs. expected 4.19% - 57.15% of bids were at the high). Bid to cover ratio: 2.14. Primary dealers took $8.8B; indirect bidders took $4.61B. 30-year Tsys fall off a cliff, now -1.66% to 120-10. [seekingalpha.com]
In addition to others already cited...
http://evilspeculator.com/
Not evil at all ;o) Excellent analysis, experienced, thoughtful trader participation.
With Treasuries to sell and weakling USD already back down to 80.2x, I wonder how much upside in equities HB&B can afford. Guessing stocks whipsaw to down until Ben loads up, then an EOD recovery of lost ground to break the fall.
Keep in mind that penny stocks can and do plunge at any time for no reason, and may then drift lower for long spells. Share prices may also suffer from unexpected dilution. If you have a nice profit you might consider selling a percentage of your position. If you're long term bullish you might place a GTC bid way under the market to pick up a bargain if she takes a dive. GL
An interesting comment at ZH this morning:
Waiting now for FOMC as an excuse to first whipsaw and then propel USD and markets... Which way? :)
You may get a stiff neck from looking over your shoulder while using. Perhaps the back of the receipt could feature a coupon for chiropractic services... or self-defense classes.
The sell function on Mr Market still works...
Looking to re-enter SRS at 22.50 manana
@ BillySundance
Agreed.
It is natural to expect that in order to support the USD and the Bond market, equities will be crushed and the .HUI along with it.
However, I am wondering whether the usual 'flight to safety' into Treasuries might not follow according to the old ways. Certainly money will flow in that direction but I am getting the sense that bullion and miners will not take the same kind of pounding as in Fall 2008. The outlook for the USD is now in focus.
The early 2009 market decline (before the March 9th pumps were turned on) was not reflected in the mining stocks, hmm?
I also feel that sell button calling, but may not take as much off the table, if any.
>>> Green Chutes. <<<
Wondering if the PPT will focus now on shoring up and pumping the underlying RE stocks even more than the FIs.
URE might be the better play for a while (ugh).
EMA(200) is 83.01
@12:16 83.11
@12:19 83.069
@12:31 82.997 <<<<<<<<<
@12:41 82:869
@14:18 82.75 .........
Mr USD defenestrated
That has been cueing the PPT music...
@11:40 and here it comes
Wouldn't be surprise if Gold pounding this morning is a desperate attempt to burnish the long green, but it doesn't seem to be working. And Silver continues muscular. Hi Ho!
"What chance does a returning deceased war veteran have for that good paying job, more sugar and that free mule you're dreaming of? Well, think it over. Then take off your shoes. Now you can see how increased spending opportunities mean harder work for everyone...and more of it, too!"
Agreed. Let's see how the final hour goes today. Believe Da Boyz may want to bend the shorts over the table a couple more times as a reminder not to get too confident.
$14B in 30-year bonds in a messy auction at a high yield of 4.288% (vs. expected 4.19% - 57.15% of bids were at the high). Bid to cover ratio: 2.14. Primary dealers took $8.8B; indirect bidders took $4.61B. 30-year Tsys fall off a cliff, now -1.66% to 120-10. [seekingalpha.com]
What happened?
Gold and Silver up and USD down, too.