350zCommtech's Account Talk

Big time intervention this morning. Somebody wants the market to open green, which is not what the market needs.

Bond yields up big again today. Glad I'm out of the F fund. As I've been saying for the last few days, the big players are getting out of bonds, despite the severe recession.

Besides that, the charts are saying to get out of bonds. Bond yields are still extremely low while the stock market is getting closer to oversold. Yields have been moving up on days when the market is selling, what do you thing will happen to yields when the market rallies?:D

Here is a chart of TNX. Yields look bullish to me.

View attachment 5485
 
Big time intervention this morning. Somebody wants the market to open green, which is not what the market needs.

Fear not my friend.


Undoubtedly some will say "This is the V Formation" - 'We hit BOTTOM and are on the way back up".....:rolleyes:


Yesterday's SELL OFF was a buying opportunity...it was TOO BIG and there is bound to be some gain (and a brief peroid of stabilization) before it crashes to NEW LOWS.

Expect the Auto Industry to get clobbered - The UAW to be disolved - and the aftermath to herald in a huge dive down. That will get a ton of money back - let them start back up and move on....
 
The UAW to be disolved

No, no, no. It's not only banks and corporations that are too big to fail. Labor is on the way back so that is not in the plan.

As to The Plan, Man of Truth seems to have given up on us and Karl Denninger is now writing directly to the President.
:worried:
 
Dude, did you see the drop in the yen...OMG!!!!!:cool:


I saw the initial .5% move but decided to go back to bed. I just woke up again, a few mins ago. I see that the total move was over 3%.

The fact that the markets are still green speaks of the intervention today.

Also, the bounce of 800 has been on lower volume.
 
The intervention continues. They are afraid of a crash?

So, was that the PPT that sent the mysterious white substance to wall street? That was all over the talk box about 30 minutes ago. Geez! They had to get the hazmat team in there to "examine the computers," huh? Good tinfoil stuff.
 
Wow! Look at TNX. Care to guess the lose in the F fund tonight? I'll guess -9 cents.

View attachment 5486

minnow said:
So, was that the PPT that sent the mysterious white substance to wall street? That was all over the talk box about 30 minutes ago. Geez! They had to get the hazmat team in there to "examine the computers," huh? Good tinfoil stuff.

WSJ got the envelopes. Not Wall Street.:)
 
IDIOT ALERT!!!!!! IDIOT ALERT!!!!!!

If not for the BOJ's interventions, we might be looking at 600 or worst on S&P.

Geithner tells Japan: lay off forex intervention

7 hours ago
WASHINGTON (AFP) — Treasury secretary designate Timothy Geithner Wednesday issued a veiled warning to Japan and other US trading partners against meddling in the currency markets.
"I believe that it's very important for the United States and for the global economy that our major trading partners operate with a flexible exchange rate system, in which market forces determine the value of exchange rates," he said.
"I think that's good economic policy," Geithner told the Senate finance committee at his confirmation hearing, when asked about indications that Japan may be poised to launch its first forex intervention in nearly five years.
As the dollar slumps in value, the soaring yen has made Japanese exports less competitive and eroded repatriated earnings.
Two weeks ago, Bank of Japan governor Masaaki Shirakawa warned the yen's rise was hurting Asia's largest economy and said he was looking at measures to cope with it.
Japan's government has repeatedly hinted it could order the central bank to intervene on the market to bring down the yen.http://www.google.com/hostednews/afp/article/ALeqM5g-WyfO4cV-d6ZKhS0jBssOtshSwg
 
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