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Yes, Something Is Definitely Stirring In This Market
The Business Insider ^ | 5-4-2010 | Joe Weisenthal

Posted on 05/04/2010 1:42:00 PM PDT by blam

Yes, Something Is Definitely Stirring In This Market

Joe Weisenthal
May. 4, 2010, 4:33 PM

It's tempting to assume that the current market kerfuffle will end like every other one we've seen over the last year, but right now it feels like something is rumbling.

Here's the VIX really picking up.

Image: StockCharts.com

Here's a little more from Bespoke:

The S&P 500 is currently trading down sharply on the day at -2% or so. If the index closes down more than 1% today, it will have been up more than 1%, down more than 1%, up more than 1%, and down more than 1% over the last four trading days. As shown below, this would be only the fourth such occurrence over the last 50 years.

[snip]

(Excerpt) Read more at businessinsider.com ...


TOPICS: News/Current Events
KEYWORDS: economy; markets; stocks; vix

1 posted on 05/04/2010 1:42:00 PM PDT by blam
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To: blam
The DJIA closed down 225 today. See here.
2 posted on 05/04/2010 1:43:41 PM PDT by blam
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To: blam; TigerLikesRooster; rabscuttle385; FromLori

The MSM told me the recession is over. Happy days are here again. Go out and BUY, BUY, BUY!!!


3 posted on 05/04/2010 1:46:01 PM PDT by Travis McGee (---www.EnemiesForeignAndDomestic.com---)
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To: blam

Tax rates on stock investments you pull out of go up significantly in 2011 (I think), so maybe there that issue?


4 posted on 05/04/2010 1:46:24 PM PDT by A CA Guy ( God Bless America, God bless and keep safe our fighting men and women.)
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To: blam
Mexico, Brazilian Stocks Fall Sharply As Greece Fears Soar

LOS ANGELES (MarketWatch) -- Stocks in Latin America tumbled Tuesday as part of a global sell-off in equities on worries that a bailout package for debt-strapped Greece may not be enough to prevent contagion to Europe and other economies worldwide.

Indexes in Brazil, Mexico and Argentina each fell more than 2% in the wake of a slide in European markets and alongside a drop in U.S. stocks on concerns that Greece may still have to restructure its debt even after receiving a 110 billion-euro ($146 billion) financial-aid package from its partners in the euro-zone and the International Monetary Fund.

[SNIP]

5 posted on 05/04/2010 1:47:58 PM PDT by blam
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To: blam

There’s a lot in the news...Europe teeters, Iran has war games in the Gulf, a massive spill in the Gulf of Mexico and bombs seem to be popping up (if not off, yet) all over America.


6 posted on 05/04/2010 1:49:06 PM PDT by Scott from the Left Coast
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To: blam
Business journalists are funny. A couple of days ago the market was supposedly up becaue of the Greek bailout. Yesterday the market was down, supposedly also because of Greece.
7 posted on 05/04/2010 1:49:47 PM PDT by colorado tanker
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To: Travis McGee
No company has survived criminal charges by the Feds like is being planned against Goldman Sachs. Even if they are completely innocent they will go out of business due to being investigated and I think that also has an effect on the market.
8 posted on 05/04/2010 1:50:16 PM PDT by A CA Guy ( God Bless America, God bless and keep safe our fighting men and women.)
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To: Travis McGee

The MSM told me the recession is over. Happy days are here again. Go out and BUY, BUY, BUY!!!

**************

They say this about every six weeks. Eventually it may be true.


9 posted on 05/04/2010 1:51:17 PM PDT by Psalm 144 (Is it sedition to defy usurpation?)
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To: Scott from the Left Coast
Icebergs too?

Parallels Between Stocks And The Titanic

At times when no one wants to hear about panic, it behooves us all to remember the Titanic.

'Shut up, shut up, I am busy; I am working,' was the Titanic radio operator's response to an iceberg warning received at 11:00 pm.

It was just about an hour later, around midnight on April 15th, 1912, when the Titanic was punctured several times by an iceberg. The unsinkable did the unthinkable and sunk.

Even though the Titanic's crew was aware of iceberg-laden waters, the ship was heading full-steam for a destination it would never reach. Making good time, fame and fortune were more important than safety.

Iceberg-infested waters

Today, investors find themselves in an environment that is infested with symbolic icebergs. The few remaining bears and independent thinkers are now told: 'Shut up, shut up, I am busy making money.'

Unbelievable as it was, most of the 2,223 passengers and crew on board the Titanic never got a chance to get off the boat.

Many invested in stocks (NYSEArca: VTI - News) today, may not get a chance to get out in time. This sounds impossible now, but a look at the human psyche shows that exactly is the case. Let's examine how most investors dig their own grave.

Buy high - sell low

[snip]

10 posted on 05/04/2010 1:53:06 PM PDT by blam
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To: A CA Guy

Take what you can get and head for the hills. Obamanomics? Come on.


11 posted on 05/04/2010 1:53:21 PM PDT by screaminsunshine (S)
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To: screaminsunshine

Luggage exploding at George Bush air port, didn’t help.

Can’t claim that was ‘thwarted’..


12 posted on 05/04/2010 1:56:15 PM PDT by Freddd (CNN is down to Three Hundred Thousand viewers. But they worked for it.)
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To: screaminsunshine

Being the government doesn’t want to do anything about border control, the most lucrative investment these days with the safest and highest rate of return would probably be with the a Mexican drug cartels.
Is that a sad state of affairs or what?


13 posted on 05/04/2010 1:56:48 PM PDT by A CA Guy ( God Bless America, God bless and keep safe our fighting men and women.)
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To: A CA Guy

Goldman Sachs will survive and thrive.


14 posted on 05/04/2010 1:57:00 PM PDT by kabar
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To: kabar

If so historically it will have been the first to do so.


15 posted on 05/04/2010 1:59:19 PM PDT by A CA Guy ( God Bless America, God bless and keep safe our fighting men and women.)
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To: A CA Guy

I heard a claim by Fox radio news that factory orders are up. Can this be verified by other than a gov’t report?

How can we have all this unemployment, demand for copper and electricty dropping like a rock and home repo rate continuing unabated and have factory orders up? Doesn’t pass the common sense test.


16 posted on 05/04/2010 1:59:47 PM PDT by dools007
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To: A CA Guy
Being the government ...

Means never having to say you're sorry


17 posted on 05/04/2010 2:00:57 PM PDT by P.O.E. ("Danger is My Beer" - Rev. Dr. Fred Lane)
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To: blam

I was telling a friend that the market is starting to remind me of the fall of 2008 just a bit.


18 posted on 05/04/2010 2:02:14 PM PDT by RobRoy (The US Today: Revelation 18:4)
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To: P.O.E.
All the government does is kill and break things. Great for our military, not good for the rest of it.
19 posted on 05/04/2010 2:03:11 PM PDT by A CA Guy ( God Bless America, God bless and keep safe our fighting men and women.)
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To: blam
Yes, Something Is Definitely Stirring In This Market

Kind of like the slight wobble you feel in the car's steering wheel the moment before all four tires blow out with the rims coming off the axles as you flip over and over into a big heaping pile of crash and burn.

20 posted on 05/04/2010 2:04:48 PM PDT by OB1kNOb (When injustice becomes law, resistance becomes duty. - Thomas Jefferson)
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To: A CA Guy
No company has survived criminal charges by the Feds like is being planned against Goldman Sachs. Even if they are completely innocent they will go out of business due to being investigated and I think that also has an effect on the market.

The Dow finished down 2.02% today.
The S&P 500 finished down 2.38%.
Nasdaq finished down 2.98%.

Goldman Sachs finished down 0.03% today, and was trading in the positive most of the day.

Go figure.

21 posted on 05/04/2010 2:21:11 PM PDT by Yo-Yo (Is the /sarc tag really necessary?)
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To: OB1kNOb
"Kind of like the slight wobble you feel in the car's steering wheel the moment before all four tires blow out with the rims coming off the axles as you flip over and over into a big heaping pile of crash and burn."

WOW!

That happened to you too?

22 posted on 05/04/2010 2:28:08 PM PDT by blam
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To: Yo-Yo
"Go figure."

Aren't the GS 'boys' running this government? What do you expect?

23 posted on 05/04/2010 2:29:40 PM PDT by blam
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To: dools007

http://www.ism.ws/ISMReport/MfgROB.cfm?navItemNumber=12942


24 posted on 05/04/2010 2:31:09 PM PDT by petercooper (Ignorant Obama Voters: Happy Now?)
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To: A CA Guy

Didn’t Microsoft survive? Hell, there are plenty of Goldman Sachs guys on Obama’s staff. I think this whole prosecution of Goldman is a scam to push for the financial reform bill.


25 posted on 05/04/2010 2:32:26 PM PDT by kabar
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To: blam

rumors of that IPO coming on Greek State Railways...


26 posted on 05/04/2010 2:39:29 PM PDT by Buckeye McFrog
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To: screaminsunshine

The PPT will be working overtime this week.


27 posted on 05/04/2010 2:40:29 PM PDT by dfwgator
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To: dfwgator

You got it. But they have to bail out Greece and are running low.


28 posted on 05/04/2010 2:48:04 PM PDT by screaminsunshine (S)
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To: OB1kNOb
Kind of like the slight wobble you feel in the car's steering wheel the moment before all four tires blow out with the rims coming off the axles as you flip over and over into a big heaping pile of crash and burn.

Must be a Toyota... (sarcasm off)

29 posted on 05/04/2010 2:53:52 PM PDT by Senator_Blutarski
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To: A CA Guy
the most lucrative investment these days with the safest and highest rate of return would probably be with the a Mexican drug cartels

The most lucrative and legal investment these days is my 401K loan.

30 posted on 05/04/2010 3:04:27 PM PDT by DallasDeb (USAFA '06 Mom)
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To: dools007; petercooper

If I lose 50% muscle mass from my peak fitness level, and I gain 2% month over month for 9 months from the low muscle mass month, where am relative to the peak? Answer: less than 60%.

Numbers and especially usage of an index can be abused in a political setting. The ISM is using an index to measure relative performance. What matters is the activity relative to capacity and ISM is not using that. I am not saying that ISM is using their index for political purposes, but I am saying that politicians can spin their reports.


31 posted on 05/04/2010 3:30:56 PM PDT by Hostage
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To: A CA Guy

” Even if they are completely innocent they will go out of business due to being investigated . . . “

1. They are not completely innocent. But they are being investigated to divert public wrath from where it belongs—on the government that caused and benefitted from the problem.

2. The ruling class will sometimes throw members overboard to preserve their power. They will sacrifice the smallest possible number in the most painless possible way. They will never sacrifice a left-wing politician. All other members of the ruling class understand that, in exchange for the benefits of being in the ruling class, the rest of the group gets to sacrifice them to preserve the system that makes them wealthy and powerful.

3. This will always work because in a grossly overregulated society like ours, noone is completely innocent. So anyone can be tagged for sacrifice at any given time.

4. Whoever does time at Goldman will get out soon and make millions writing a book.

5. A good portion of Goldman’s assets will end up in Obama and Nancy’s greedy little hands.


32 posted on 05/04/2010 3:32:16 PM PDT by ModelBreaker
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To: colorado tanker
"Business journalists are funny. A couple of days ago the market was supposedly up becaue of the Greek bailout. Yesterday the market was down, supposedly also because of Greece."

Biz Journalists are a herd, and the leaders of the herd throw darts at a board to determine cause and effect then the heard parrots whatever they say.

If Biz Journalists were really good at the stock market they wouldn't need a job reporting on stocks they would be hanging out with Warren Buffet and eating Chicken Marsala on their yachts.

33 posted on 05/04/2010 3:35:31 PM PDT by Mad Dawgg (If you're going to deny my 1st Amendment rights then I must proceed to the next one...)
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To: Travis McGee

Black swan says, “Miss me already?”


34 posted on 05/04/2010 4:17:53 PM PDT by TigerLikesRooster (The way to crush the bourgeois is to grind them between the millstones of taxation and inflation)
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To: Hostage

Well it’s more than the politicians spinning. What passes for financial analysis is equally skewed. Demrat Wall Street CEOs see to the varous indexes and the Onada propaganda organs carry the message.

What angers me is that not one conservative politician is exposing the fraud.


35 posted on 05/04/2010 4:25:40 PM PDT by dools007
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To: dools007

The fraud was taking place long before Obama. with respect to exchange markets, the Federal Reserve is complicit in it.


36 posted on 05/04/2010 8:06:13 PM PDT by Hostage
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To: Hostage

Oh, I agree. And the “W” administration was right up to its eyeballs in what was going on. But the guy sitting in the hot seat today is The Marxist Onada. The fraud usurped his way into the WH, so he owns it—for the time being.


37 posted on 05/06/2010 4:31:56 AM PDT by dools007
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