Stock Market looking ill

could it also be deferred comp that people are finally able to get ?

Technically, if the Dow fails to pierce the 12,200 level, it will signal a steep decline ahead.

Volume on up days remains < 50% of volume on down days. BEAR TRAP.

So financeguy, do you agree with stevejhx's technical analysis that is not based on fundamentals?

"Technically, if the Dow fails to pierce the 12,200 level, it will signal a steep decline ahead"

Bro, do you really believe this stuff???? REALLY? So if it hits 12,219 but doesn't go up 1 more point, everything will collapse? Why not the 12,210 level or the 12,220 level? Why not 11,995? Why not 12,220.31415927?

C'mon, man, I thought you were actually somewhat intelligent.

Sorry, I meant: "So if it hits 12,199 but doesn't go up 1 more point, everything will collapse?"

It's helpful to discuss what will or will not happen if we don't "pierce" the 12,200 level, but why can't technical analysis tell us if we will or will not actually pierce the 12,200 level to begin with?

My ear is ringing. Does that mean we are close to the piercing this morning? Also, my dog is barking, maybe a tsunami is coming. You know, animal sense might be a good way to verify technical analysis.

Astrology is just as effective as TA in predicting stock prices IMO. Or reading tea leaves. But to each his own, I guess.

steve, we're at 12,246. What does this mean??

>Technically, if the Dow fails to pierce the 12,200 level, it will signal a steep decline ahead.

The piercing happened. Now what does Tea Leaves Analysis say?

Did Steve call it wrong again? I believe we hit a new high yesterday, shortly after crossing Steve's 12,200 level...

no, I take that back. Closed at 12,718 yesterday, and we hit 12,928 in mid-may, I forgot about that. Still fairly close...

I think you have to re-read what I wrote, swe - I wrote "bear trap," did I not?

Do you know what that is?

As soon as it crossed 12.200 it was headed right back up to attempt a new high. It might even get there, but on absolute anemic volume.

Rumors on the Street are for a 30% - 40% collapse before year-end. That is why volume is so low - nobody's selling yet. Today's job figures point in the direction of the future. Unless you think that stocks demand a 30% rise in prices while the economy was grinding to a halt.

>Rumors on the Street are for a 30% - 40% collapse before year-end.

Rumors?

provoke?

columbiacounty?

poor you.

provoke.

provoke.

provoke.

does this make you feel better?

Who are you talking to?

a dumb shit

Wow, that's the limit of your conversational abilities?

a really dumb shit.

I suppose your position is that in your family, you have smart shits.

as noted.

Aboutready, why did you leave columbiacounty behind? You are off, on your luxury 4 week vacation, and you didn't take columbia along. Don't you love him enough to at least help him avoid embarrassing himself repeatedly?

pathetic.

you try so hard.

doesn't work.

poor columbiacounty

poor poor columbiacounty. He can't even make the trip to NYC.

even aboutready and w67thstreet have left him behind. He only has inonada.

but you have your alter egos.

do you make yourself feel proud and important?

>but you have your alter egos.

and you have .....

how quickly you forget the rules.

you don't ever get to ask the questions.

These rules are set in New York City or Albany?

columbiacounty, you cheered the Casey Athony verdict, right? Not because you thought she wasn't responsible for the death of her daughter, but on principle, right?

Are you young, disabled or disfigured?

I'm whatever you want me to be

I'm whatever you want me to be

How fucking stupid.

oops

By the way, why does columbiacounty equate young with disabled and disfigured? Quite odd.

because he is legally blind and the only young people who spend time with him are the disabled and disfigured prostitutes he hires thinking the last few generations just look like that because of all the hormones in our milk. when in fact, somewhat decent looking prostitutes at the service he uses generally avoid him and send their unfortunate co workers instead. because in addition to being blind and stupid, he is also cheap. and into reeeealy weird stuff.

He uses prostitutes? I thought aboutready and w67thstreet took care of him.

well, they do, just not in that way. no one takes care of him in THAT way without some sort of compensation. and that's good, he's stimulating the local economy.

When I talk about aboutready and w67thstreet, I also assume compeensation, just not much.

looks like someone forgot to logout and then login with their "alias"

Nice job putz!

Hey upperwest idiot, I'm amazed how many idiots fall for that. Previously I got someone to believe I was buyerbuyer. I think I even had people believing I was aboutready.

I never thought you were aboutready, and I don't know buyerbuyer.
but i can tell a jackassjackass a mile away

do me favor, stick a tv up your ass sideways for old time's sake

fuckin hot dog

I never thought you were aboutready, and I don't know buyerbuyer.
but i can tell a jackassjackass a mile away

do me favor, stick a tv up your ass sideways for old time's sake

fuckin hot dog

oops

what does lucille have to say about this? that bitch owe's me money

what does lucille have to say about this? that bitch owe's me money

oops, I meant owes, now owe's.

that's funny, cause I didn't
how's the TV feel? right at home?

that's funny, cause I didn't
how's the TV feel? right at home?

oops

fuckin hot dog

fuckin hot dog

oops

well we found columbiacunty's alternate. name: upperwestrenter

well we found columbiacunty's alternate. name: upperwestrenter

oops.

f

now I've reavealed another one of my names

no, I'm just his buddy...I know the idea of having friends is foreign to you (as opposed to multiple personalities)

how about this, jam that tv a little bit further up your ass and take an ambien. at least then we don't have to hear you anymore

his buddy? misery must truly love company.

why dont you go go fuck yourself? RENTER

Yes, I am a renter. And aren't you a rental borker? Want to know the last time I paid a borker their fee? Oh right, never.
Because they are worthless pieces of shit, which means you fit in perfectly. Good luck tomorrow renting those apartments!

imnat the airport waiting fir a flight right now. others will rent my listings (sell the ones for sale too) while i catch sun in the tropics.

what do your a living? other than let cc cum in your shit stained ass?

you'd be amazed how much cc pays to cum in my shit stained ass!

speaking of which, shouldn't you be in the airport bathroom tapping the floor in the stall? (not that there's anything wrong with that!)

unemployed? thought so.

not at all...my W2 says, "guy who takes cum in ass"

versus yours that says, "loser"

always knew that county was a faggot. know we know you are to. i dont receive a w2. which shows hour general ignorance as well as your sexual perversity. you should just stop now before this gets uglh

and NOW (know? learn english) we know (NOW? clearly borkers don't need to KNOW english) that you are homophobic.

So you must have been pleased with the recent news (KNEWS? moron) that gays can get married in NYC.
Do you not rent to gays? What a shame. Then again, it means you have even less business...so I take it back.
That's great! Here's to hoping you end up in the hudson river facedown! Sooner rather than later

Sincerely

Fuck You

And now a moment of silence, please, for that late great lady Betty Ford.

i could have one of those disclaimers forgiving spelling errors because i am on a mobile device but why bother?
itnis sad when the best comeback anyone has is spelling. cant you do better?

cumcatcher. disease spreader

and let's just clear the air here. you are columbiacunty

a,an hart when dies the nurse put you to bed?

His nurse puts him to bed after she takes care of me. But we're still having the moment of silence for Betty Ford.

Speaking of which, you bore me. Get a new schtick and come back to us borker

Please tell me you're West Indian and visiting family, so we don't have to think you're such a colossal loser that you're going to vacation in "the tropics" in July?

???

alan i didnt realize you were little and grey.

im not west indian. but do you have be to visit tropics? what if i was going to a wedding i florida? or if my wife was brazilian?

renter, do you let cunty blow on your face? do you lime it?

wait a second? you have a partner? I call bullshit because that require someone being able to stand you, and we both know (NOW?) that's not happening.
Listen - it's ok, neither Alan or I will judge you. You just keep on trucking little guy, we're rootin' for ya!

fully domesticated. wife and child. pet too.

why dont ewe (get it?) tell us what you do for work?

Sure thing
I'm the largest distributor of sex toys in the northeast. I love my job and I love my partner. And our pet chinchilla.

bib business. not involved in kiddie porn right? people do hard time for that renter. be careful. not to mention that it is reprehensible.

Hard time for sex toys? Or for pet chinchillas?

renter is a pornographer that deals in kiddie porn alan

"what does lucille have to say about this? that bitch owe's me money"

not ringing any bells

"fully domesticated. wife and child. pet too."

oh how nice! what kind of pet?

cat

I love it when you talk to yourself

>Hard time for sex toys? Or for pet chinchillas?

I knew someone who had a pet chinchilla. A year later I asked her what happened to it, she said she made it into a coat.

From Asia to Europe to the U.S., all the important economic indicators are rolling over. Some
blame the Japanese tragedy; others, the weather. It is more than that. It is the result of policy
decisions. Economic growth could slow to a crawl well into early next year. The stock market
isn't priced for that. Analysts will cut their earnings estimates. There is 20% downside risk
from the market's intraday May high

http://www.zuam.ch/publications/2011_en/barrons_midyear_2011_zulauf.pdf

>There is 20% downside risk from the market's intraday May high

But there are "Rumors on the Street are for a 30% - 40% collapse before year-end." according to our own page 6 columnist Steve.

Zulauf is forecasting that the s&p could trade at book value by mid decade...
http://www.ritholtz.com/blog/2010/08/the-big-picture-interview-felix-zulauf-2/

"Be greedy when people are fearful..."

Just saying...Buffett was right in 2008/9...he's still right...GLTA.

It's not contrarian to buy stocks when the S&P is at 1323 almost double the 2009 low.

Just saying....

If earnings are double what they were in Q1 of 2009, then, yes, it is. Ignore the crowd - the crowd is almost always wrong when it buys on euphoria or sells on panic - right now people are selling on panic. GL.

I read a quote this morning to the effect of "People are selling based on worries about what MIGHT happen, not based on anything that actually has happened". You saw the same thing with US banks in early 2009 ("Nationalization!!!!") that's happening with Euro banks now - emotional panic selling without any rational, objective analysis to back up the "sell" thesis at these already depressed levels.

We'll see if you are right. Interestingly enough I am not bearish specifically because of the Euro, but more because the stock averages are at all time highs on a Schiller cycally adjusted P.E. ratio and the continued deleveraging by the U.S. consumer. Bascically I don't see enough risk priced into stocks to justify the investment. If we came down 20-40% I would reconsider.

Anybody who is objective/rational/unemotional can see that the sky is not falling & the world is not ending. The world economy will move forward; the Euro crisis will eventually be resolved; heck, even the US debt problem will be addressed over time. People will continue to go to work and produce goods and services; this will increase the world's collective wealth over time (which translates into higher stock prices in the long term).

Are stocks as great a bargain as they were in March 2009? Obviously not - but that doesn't mean they are overpriced now - it just means that March 2009 was the buying opportunity of a lifetime. Nobody ever became a billionaire by betting against humanity in the long term - but quite a few have become billionaires by betting on humanity.

Sex, you should definitely by more stock then, right now. On your credit card.

FYI, that last sentence was meant for all of you that read the Zero Hedge blog. You know who you are...