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This Market Looks Like A Buying Panic
TBI ^ | 9-6-2012 | Julia La Roche

Posted on 09/06/2012 10:03:30 AM PDT by blam

This Market Looks Like A Buying Panic

Julia La Roche
Sep. 6, 2012, 11:51 AM

Stocks surged Thursday morning, with the S&P 500 hitting its highest level since 2008, following a slew of good jobs reports and the European Central Bank press conference led by Mario Draghi.

A trader, who prefers anonymity, offers a plausible explanation as to why the market might be rallying.

"We've had some data, which superficially appears to show some strength. There are a lot of shorts built into this market heading into ECB and they have been forced to cover on the back of ECB putting in place enough stuff which takes out systemic risk and what you get is an allocation to U.S. equities."

Or in simpler terms...

"There were a number of people who had a particularly negative outlook on the market. When they were wrong, as confirmed by better-than-expected economic data and an ECB which is taking action to help the eurozone economy, those people had to take off their negative bets as a result it created buying pressure in the market and that's why we are rallying."

So this might be panic buying, meaning those people who placed negative bets and those who aren't in the market rush to get in.

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


TOPICS: News/Current Events
KEYWORDS: buyingpanic; djia; eu; investing; market; markets; stockmarket

1 posted on 09/06/2012 10:03:33 AM PDT by blam
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To: blam

Gee, what do you suppose could be the reason for this? Heh heh.


2 posted on 09/06/2012 10:04:52 AM PDT by Steely Tom (If the Constitution can be a living document, I guess a corporation can be a person.)
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To: blam

The PPT is working overtime.


3 posted on 09/06/2012 10:05:01 AM PDT by dfwgator (I'm voting for Ryan and that other guy.)
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To: blam

I don’t believe that the market is connected to reality anymore. Just hocus pocus from the man behind the curtain. Money is still being made and lost, “but it’s a dream world, Neo”.


4 posted on 09/06/2012 10:08:35 AM PDT by ZX12R (FUBO GTFO 2012 !)
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To: blam
Be absolute fools to take the jobs data seriously. The history of the job data in both the Obama and the Clinton regimes was to manufacture the best possible number, have their media stooges hype it, then later in the month quietly revises the number significantly downward when no one is looking.

The job number coming out tomorrow will be purely political. It will have no contact with reality.

5 posted on 09/06/2012 10:09:25 AM PDT by MNJohnnie (Giving more money to DC to fix the Debt is like giving free drugs to addicts think it will cure them)
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To: blam

Now’s the time to cash out on IRA’s, before they evaporate into thin air. This is going to happen.


6 posted on 09/06/2012 10:10:26 AM PDT by GeorgeWashingtonsGhost
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To: blam

Or maybe Bernake just kept it to himself that QE3 is up and running. That sounds more likely to me.


7 posted on 09/06/2012 10:11:49 AM PDT by circlecity
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To: blam

The affirmation of H0pe & Change I betcha!


8 posted on 09/06/2012 10:11:55 AM PDT by Minutemen ("It's a Religion of Peace")
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To: blam
This Market Looks Like A Buying Panic

No, this market looks like it is being manipulated to influence the sheep in conjunction with Obama's convention appearance.

9 posted on 09/06/2012 10:12:27 AM PDT by Washi (The secret ingredient in a Chick-Fil-A sandwich is liberal outrage. Delicious.)
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To: Steely Tom

Because 0bama needs to justify his ‘THE STOCKET MARKET IS UP!’ comment tonight? The stock is no longer a barometer for how well our economy is doing. 0bama has proven that.


10 posted on 09/06/2012 10:14:03 AM PDT by GeorgeWashingtonsGhost
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To: blam

Who in the world would trust these Wall St. geese with their money when they gamble on the rumor that Obama’s Labor Dept. will have good job numbers tomorrow. Any idiot knew that they’d be padding the report in time for the election, and it has absolutely nothing to do with reality.

Of course, the brokers are paid per transaction, so they don’t care if you lose money or make money. As long as they get their commission, they are happy.


11 posted on 09/06/2012 10:14:33 AM PDT by txrefugee
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To: GeorgeWashingtonsGhost
Now’s the time to cash out on IRA’s, before they evaporate into thin air. This is going to happen.

If O wins, we'll start hearing about special "one time" Patriot Taxes on those rich people that have large amounts of money (>250K) in IRAs and 401Ks. The federal debt is so large that it is inevitable they will go for the largest chunk of assets that is not in their hands.

12 posted on 09/06/2012 10:15:16 AM PDT by glorgau
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To: GeorgeWashingtonsGhost

Why is gold up 75 dollars in a week if the economies working so well?


13 posted on 09/06/2012 10:16:51 AM PDT by STD ([You must help] people in theĀ…feel so frustrated, so defeated, so lost, so futureless)
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To: MNJohnnie
The job number coming out tomorrow will be purely political. It will have no contact with reality.

Watch for it...

The BLS will present numbers tomorrow in the high 200s, with the unemployment rate "dropping" to 8.1% There's an election in two months, the big boss is in trouble, and it's time to have his back, credibility be damned. And who's in a position to actually question whatever tripe they throw at us?

14 posted on 09/06/2012 10:17:43 AM PDT by ScottinVA (If Obama is reelected, America will deserve every mockery that follows.)
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To: Washi

Nailed it.


15 posted on 09/06/2012 10:22:47 AM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: STD
Why is gold up 75 dollars in a week if the economies working so well?

Treasury printing presses stuck on overdrive world wide

16 posted on 09/06/2012 10:27:25 AM PDT by spokeshave (The only people better off today than 4 years ago are the Prisoners at Guantanamo.)
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To: STD

Funny you mention that. Gold has been knocking on $1700.00’s door for DAYS.. Then Clinton speaks and it goes past $1700.00!


17 posted on 09/06/2012 10:29:18 AM PDT by GeorgeWashingtonsGhost
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To: blam

October surprise in September.....and tomorrow the jobless report for August posted by the government. Bam’s folks working OT.


18 posted on 09/06/2012 10:38:04 AM PDT by kenmcg (t)
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To: blam

Measure the market is a fools game. The market is a joke and if you want better odds, go to Vegas.


19 posted on 09/06/2012 10:44:03 AM PDT by Logical me
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To: ZX12R

The market traditionally looks out 6 months forward. That will be a Romney presidency and a Republican sweep of Congress. This is pure reality.

The last buying panic occurred in 1982. That one turned out pretty well, since it started with the Dow under 800.


20 posted on 09/06/2012 10:44:07 AM PDT by LRoggy (Peter's Son's Business)
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To: blam

Up 200 today - down 200 tomorrow.


21 posted on 09/06/2012 10:48:44 AM PDT by proxy_user
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To: blam

Pump phase in Pump & Dump


22 posted on 09/06/2012 11:27:30 AM PDT by qam1 (There's been a huge party. All plates and the bottles are empty, all that's left is the bill to pay)
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To: LRoggy
The market traditionally looks out 6 months forward. That will be a Romney presidency and a Republican sweep of Congress. This is pure reality.

My belief aside, I certainly hope you are correct.
23 posted on 09/06/2012 12:06:39 PM PDT by ZX12R (FUBO GTFO 2012 !)
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To: LRoggy
The market traditionally looks out 6 months forward. That will be a Romney presidency and a Republican sweep of Congress. This is pure reality.

I hope you're right, but, never underestimate the stupidity of the American people.

24 posted on 09/06/2012 12:09:01 PM PDT by dfwgator (I'm voting for Ryan and that other guy.)
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To: LRoggy
Doug Kass Isn't Impressed. He Plans On Shorting Stocks
25 posted on 09/06/2012 1:53:23 PM PDT by blam
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To: LRoggy
The last buying panic occurred in 1982

Sure, the last one before the 176 that followed.

26 posted on 09/06/2012 1:57:00 PM PDT by steve86 (Acerbic by nature not nurture TM)
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To: LRoggy
The market traditionally looks out 6 months forward.

Proven utterly false in the years since bubblenomics got underway.

27 posted on 09/06/2012 1:59:35 PM PDT by steve86 (Acerbic by nature not nurture TM)
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To: circlecity

QE3 IS going on, in stealth mode.

Folks, if you are in a 401k, do me a favor and find out if you have a “cash option” available.
If not, what is considered a “safe harbor” in your available choices?
And this “safe harbor”, does it happen to be heavy in US treasuries?

If so, they are backdoor nationalizing your 401k and making you prop up their debt.


28 posted on 09/06/2012 2:03:59 PM PDT by MrB (The difference between a Humanist and a Satanist - the latter knows whom he's working fors)
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To: LRoggy
Correct.

It amazes me how few people are able too see this.

29 posted on 09/06/2012 2:21:44 PM PDT by what's up
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