Posted on 05/25/2010 2:16:22 PM PDT by blam
HUGE Comeback For The Bulls As Markets Recover In Late Trading: Here's What You Need To Know
Joe Weisenthal
May 25, 2010, 4:00 PM
Wow. After being down huge in early trading, with the indices off over 3%, on all the same fears, the market did a big comeback in the final hour of trading. The modest down day in most of the indices was a big win for the bulls
Here's the scoreboard:
Dow: -22.82
S&P 500: +0.38
NASDAQ: -2.60
And now, some of today's top stories:
* As noted above, the big comeback is huge. Investors live to see another day -- a day that, perhaps, will include some kind of new quantitative easing measure in Europe, or maybe even a move by our Fed. A big winner today was Goldman Sachs, which ended up over 4%. See some of the key trades of the day here >
* During this morning's big selloff, the March Case-Shiller got lost in the shuffle, but it was weak, showing further signs of a possible double-dip in housing. New York in particular seems vulnerable to further declines.
* The BP situation continues to get more tense. The company is expected to try its top-kill method tomorrow, in its desperate bid to halt the leak. See pictures of beleaguered Grand Isle, LA here >
* Germany continues to invite short-sellers, as it expands measures aimed at curbing short sellers. Funny how that works, no?
* Tensions on the Korean peninsula heat up, as the North decides to cut of all relations with the South. Here's a look at possible war scenarios >
* Gold never succumbed to the flight-to-liquidity trade, edging up over $4 during the trading day. Oil on the other hand is below $70.
[snip]
(Excerpt) Read more at businessinsider.com ...
Orders to PPT, do not close below 10k.
Manipulation.
A good opportunity to go short?
Wow! PPT was really busy today........They can’t keep it up,,, it has to fall apart soon.
This will not end well.
Drudge has a picture of King Barry up on his page, and he looks like he just walked out of a whole conference room full of ghosts.
Just a bounce back from extremely oversold.....
That 10K mark must have some significance to ^someone^.
Barney “Baron Harkonnen” Frank came out and said the financial reform bill went too far in how much they regulated derivative trading, I think he cried uncle and they released the pressure.
I used to be able to read the news and watch the market respond. Sometimes I would see a jump or fall in the market and go read the news stories and see that there was a direct correlation to an event or speech.
Now we have these big up moves out of thin air. It is one of the things that contributed to my finally believing that there is probably a PPT.
how many people got stopped out in that plunge? Wasn't such a "huge" day for them, was it.
Screw these imbecils.
Looky here: the financial "regulation" of the 1930's killed the financial services industry for 4 decades. And that was before, IT, outsourcing, and all that crap that happened after Enron that pushed the IPO business back to London. What the hell was that called again? Oh, yeah, "SarbOx."
This while the home-buyer tax credit still in effect.
Bull market??? LOL
I think the Kenyan ;ets the hedge funds do whatever they want to intraday as long as they and the PPT bring it back to 10,000.
China is amazing. Every market is down and they are slightly up. No manipulation there. I guess the Chinese brokerage firm execs get a bullet from the ruling party if their market sells off.
Sarb/Ox was our self inflicted guillotine.
So was all the rest of it...
Yep
That 10K mark must have some significance to ^someone^.
TPTB want to keep all the money from 401k’s to continue to flow in. When the time is right they will short the market and make another few billion and all the sorry saps that have been saving for retirement will have to start over again and the game will restart.
Most are better in a money market earnig zilch. The dollar is rising faster than the market.
You can't raise nearly a billion dollars of campaign cash from welfare recipients and sex deviates, and cross-dressers.....
Think about it.....
Yup. More than your normal Democrats at work here.
There are serious Marxists in this mix.
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