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Goldman Sucks, renegade company of the century, reported earnings after the close that were LESS than the amount of money they received via AIG (tax payer money). Let me state that another way… had Paulson not arranged to shoot taxpayer money to AIG that he knew would be funneled to GS, then GS would have lost money in the first quarter, and that’s with marking assets to fantasy.
And I’m going to say this again… you can pump every last cent in the world into the banks but that will not improve economic conditions a single iota, not one. Quite the opposite. Too little liquidity has never been an issue! Too much liquidity is the real issue, it has enabled more debt than there is income to service. That’s the problem. Far too much optimism as is usual during a bear market rally based upon intervention, lies, and manipulation.
Berk showed up today and I knew without reading his comment that something was going on with Mr. VIX. For the noobs: Berk used to be a contributor on this blog and his technical skills are awesome - one of his most popular charts were on the VIX, and today is a great occasion to yet again post Berk’s rules on VIX buy/sell signals:
For a $VIX confirmed signal you need 3 things:
1. a close outside of the 2.0 Bollinger Band (20 day, SMA (check - happened on Friday)
2. a close back inside the 2.0 Bollinger Band - this issues the signal (check - happened today)
3. a higher close (sell) or lower close (buy) than the close of the day back inside the 2.0 Bollinger Band - this confirms the signal (we await for that to happen tomorrow, which is a possibility if we push into green)
Once you get those 3 things a major reversal usually occurs within the next week. The sell signals are far more accurate than the buy signals.
The last point should be kept in mind but since we are extremely overbought and since this developing sell signal coincides with an overdue 4th wave correction we could have a winner here.
happens all the time - that's why we have gap ups and gap downs at opens or after hours.
I think it would actually b worse b/c people could load up on put options etc b4 market opens/sell off in pre-market/after hours ......
Originally posted by Hx3_1963
reply to post by GreenBicMan
Get a "Real" job...
Get a good smart Woman....
Stay far away for trader markets...
Have a couple of kids...
But Gun's, Tents. Wood Stoves. ect...
For Real...not in that order...LOL