StockJock-e's Thoughts and Ramblings - Page 5

From the frontline..

Lost yesterday my inet connection while posting the pic, so i try it today again.

Pic is from the yesterdays demonstrations.

(made some nice vids, cant upload it on youtube at the moment,

thats a screen cap from the video)

Later same place got 'little' violent

with molotow coctails, teargas aso..

The fully equiped 'police officers' in the side roards did not liked my camera verry much

so i quited it Have only 2 shaky pictures from them..

So Greece is still awake..

Quote:

Originally Posted by StockJock-e 

Today was simply disgusting, the manipulation was so blatant...

Look at the volume. Just about a perfect match down and up. I watched a program last night about Madoff and all of the years it took people to get the SEC to take action so whoever is pulling the strings doesn't have a worry in the world.

Quote:

Originally Posted by StockJock-e 

There will be no SEC investigation.

 

This will get pushed under the rug like the previous 20 rumors that were denied.

 

That's what I'm saying. They can get away with murder and our 'watchdogs' do nothing but draw a pay check.

So, you looking for 1290ish or 1220ish next?  I was expecting a little more pullback this week before ramping up into year end.  Don't know really which way it will go with this chop this week.

 

Quote:

Originally Posted by StockJock-e 

Today was simply disgusting, the manipulation was so blatant...

 

These leaks, as well as the ones that emerged prior to S&P's downgrade of the U.S. in early August were clearly a violation of rules regarding selective disclosure of material information. That is, it would be a violation if the SEC saw fit to enforce such laws consistently. Munson says the random pre-release is a growing problem.

"If it was a major company you might be going to jail," he says. "I guess with S&P they get some sort of free card, a bailout."

http://finance.yahoo.com/blogs/breakout/p-downgrades-credibility-leaking-insider-information-munson-200036146.html

I want to become a manipulator

As trader the best is how fast you adapt to the market...

Entire stock market is driven by GS... otherwise we would not have been at 12.2k now... 

GS has put its guy at ECB... a rate cut means market to moon...

Charts are indicating a medium term rally...

Going into 2012 elections obama wants all rosy picture... if there is a dip buy it.. with strict sl

The next bubble will be created by China/India, with a serious of rate cuts to increase global money circulation...

The shit of italy has been postponed to 2013

Do some of the countries in Europe still have the short selling ban? If so they might need more rumor spikes to trade.

so is the majority of people trading in the market a bunch of idiots that believe these rumors, or it is a rose colored glasses syndrome, where they want everything to be so good, they will believe anything?

it also seems to move in cycles, meaning there is only so much false good news that the market can take, then they realize they've been had and they drop out of the game for maybe a week, but then they have selective memory and get back in again, even though fundamentals are crappy.

it must be like a crack pipe addiction to them, they can't stay away, even if it is bad for them.

Quote:

Originally Posted by tardistossoff 

so is the majority of people trading in the market a bunch of idiots 

Wow.  First post too.  

EDIT:  Whoops.  Thought I was posting in the main thread.  LOL

There's a possibility that the majority of the people in the planet are not geniuses. They say 90% of people lose money so... that's a majority. There's a lot of kidding around, sarcasm and exaggeration here which might be sometimes difficult to detect because it's not so easy to perceive emotion through text. I know I'm kidding around 90% of the time, lol. I don't take news as black and white. It's all attraction calling headlines written up as quick as possible by people who probably haven't even completely read the actual news. I just avoid news all together for the most part. Read it every now and then but rather base decisions on price action.
 

Quote:

Originally Posted by tardistossoff 

so is the majority of people trading in the market a bunch of idiots that believe these rumors, or it is a rose colored glasses syndrome, where they want everything to be so good, they will believe anything?

 

- PROBABLY BOTH 

 

it also seems to move in cycles, meaning there is only so much false good news that the market can take, then they realize they've been had and they drop out of the game for maybe a week, but then they have selective memory and get back in again, even though fundamentals are crappy.

 

it must be like a crack pipe addiction to them, they can't stay away, even if it is bad for them.