Market opens in 30 minutes, WHO'S IN?

[buztah]

Praise Allah! My GTC on FAZ at 21.45 filled.

Rage, we are on the same page. Check my post above yours and see the charts for yourselves. The fins are goin' down. The thugs at CNBC are already trying to pump retailer plays and even stated over lunch that "we need to stop looking to the financials for leadership." LOL! What a croc! Now that they sucked the naive retail traders into the fins, whilst the big boys were upgrading and unloading, they start gettin' a lil bearish and pump retailers.

I am on to them like never before. Long FAZ for next week, baby!

[buztah]

Placing another very large bet on FAZ here at 21.42 pps.

[buztah]

Large buy FAZ 20.40s here.

[Shafted69]

Party Like Its 1983, 1992 & 1995. It's the beginning of something big !

[buztah]

hehehe, Shafty. I've got 18.79 as my stop now and will abide thereby if FAZ drop there. Looks like the world govts are following the US lead on the pump ponzy. Been in meetings all damn day and was just as well I spose. See ya tomorrow. Just went half in at 19.60-65 (largest bet since about 1.5 yrs ago) and will see what manana brings. Later, pal.

[buztah]

pulled stops to see what happens with the EUR/USD rate today. This is key and will largely influence FAZ. Trigger finger hot though.

[buztah]

All in FAZ 18.25-.28 here. Will ride out any downside pain I have to. When this fins sham burst it will fall hard n fast. Looking like a reverse h&S on FAZ.

Shafty, hope all is well.

[Shafted69]

Accumulating AMAT in the 13.20's today for an after hours earnings report that will be bullish for Semis

[buztah]

GL, shafty! I need 20 on FAZ and am gonna hold for it. I absolutely love this game. It is addictive as hell.

Hope you nail AMAT.

[buztah]

Shafty, I just whacked off an' sploded all over Michelle on my big screen. How hot is she in that tight shirt today? DAMN!

[Shafted69]

LOL BUZ !!!! She's piping hot !!!! Would love to shove my pipe up that hot twat !!!!

Doubled Down on AMAT 13.18. Hope I don't regret it.

[Shafted69]

AMAT beats estimates by 7 cents. GAAP income 10 cents per share vs consensus estimates of 3 cents.

It's rockin in the after hours. Hope it holds. Knock on wood.

Guidance coming...............

Earnings Estimates for next Q:

Revenue: Up 10-25% = $1.68-1.91 Billion.
consensus: $1.4 Billion

Earninngs: 10-14 cents.
consensus: 5 cents

And the bonus is Splinter saying 2010 sales will be up OVER 30% from the $5.01 Billion this year or > $6.5 Billion.

rally fizzled in the after hours.

[buztah]

Shafty, there's always PM. Maybe you get a spurt.

[buztah]

Fazzy bear and the greenback jammin' here. Will we get a nice Black Friday the 13th? RUT rolled over nicely beneath the 50dma. Oh yeah!

[Shafted69]

Back In FAZ @ 19.50 !!!!!!!!

[buztah]

Shafty, CNBC taking heads have a bit of a concerned look today. Can't wait to hear the Fast Money spin. LOL!

[buztah]

Phuck! Maria B is one ugly bitch when she's angry. She is not likin' this selloff here at all! She will strap one on and phuck the shit outta her hubby tonight. Bitch is pissed!

[Shafted69]

200 pt. Down Day tomorrow for DOW ? Maria B's head will explode tomorrow.


DOW's 52 Week High Yesterday was 10,331 ........... If 10,000 holds in a few days, it will retest that high again.

[buztah]

Dollar rising strong and stocks down triple digits, Shafty. Just a matter of time before FAZ hits the 22s or so. Nasty big black candle on the RUT.

[buztah]

CNBC will have Buffet n Gates on pumping the shit outta stocks tonight. Buffet claiming that investors should bet on America and gobble up the value (caught a preview at lunch). LOL! The POS market is severely overvalued, thanks to the corrupt accounting rules currently in place that allow these crook bankers to count massive losses as profits. Good luck tomorrow, Shaftay!

[buztah]

RUT leads the way and today it placed a very ominous large red candle on the chart. This was the beginning of the next leg down. Looking at the 6 month chart, we see how it double topped and dropped from a cliff/blow off top a few weeks ago. The bounce back to the 50 dma failed to breakthrough and proved tough resistance. The RUT is now headed down down down. The DJIA and SnP, as well as the NASD, all placed similar ominous large red candles on their respective charts. The RUT is pointing to where the major indices are headed in the coming weeks-- DOWN!

[Fishhead]

Did you see SOYBEANS today???

One of the few winners!

[RageWizard]

The market hit resistance today, and I started to short IWM, XLF, AUY, DAN, I will probably buy it back when they all hit the nearest support in the next couple of days. I know you guys are all beatin it to the chicks on CNBC, and I can't blame you. I pretty much have wood all day long watching that network, and if I'm makin cash as the day goes on, it makes it even harder.

Refining is my only long play that I currently have, I bought WNR off support yesterday right before the close, and it had relative strength today, I think it stays strong through out the market pull back for the next couple of days.

[buztah]

Short with impunity, rage. This POS market is heading down in the next few weeks.

Fishy, i don't even eat soybeans, let alone trade em. GL!

[Fishhead]

I think that the price action in the DOW the past couple days makes the grain markets look scary right now......as we tested the 50% retracement level yesterday and now are 130 some points off of it.....red flag to me that perhpas we see some pressure and possible extended pressure into the grain complex.......

[buztah]

Let's make some cash, boys. Good luck.

[buztah]

Shafty, you see what's happening today? The banks are actually red and not participating. This is very indicative of a move up in FAZ. I sense that the fins are being heavily distributed now. We shall see.

[Shafted69]

Bought JASO @ 4.00 & holding for a week .............. A Slew Of Solar Cell Companies Reporting next week.

YGE a chinese solar compnay had great earnings & great forward guidance this morning. The stock is rockin today. Too bad I wasn't in it.

FAZ holding up well. FAZ stop set @ 19.40

[buztah]

OMG, Michelle CC looks AMAZING in that pink sweater. She needs to come into my bedroom, let me phuck her hard and then go bake me some cookies -- all in that pink sweater. Shafty, I got a thing for her so bad, baby! I bet she is the type of gal who can *** 15 times consecutively and just basically have one big 40 - minute orgasm while I phuck her.

Hope you cash JASO. GS, JPM and WFC still not participating in today's bounce. Good sign for those bearish on the fins. Still holding all my FAZ here.

[Shafted69]

Sold FAZ @ 20.05. Set GTC limit buy FAZ @ 19.50

Looks like last hour market sell-off starting. Enjoy the FAZ runup BUZ !!!!!!

Chinese Solar Companies To Report Next Week:

MONDAY - SOL

TUESDAY - CSIQ <---- high flyer

WEDNESDAY

CSUN
LDK
SOLF

THURSDAY

STP
TSL <------ rocket fuel

[buztah]

Good job, Shafty. I'm taking FAZ home as the action I have seen today indicates a strong drop coming for the fins. Look at GS, JPM and WFC bear flag breakdowns. They are getting pummelled. FAZ might hit 22 next week.

[buztah]

Shafty, some entertainment whilst we await Monday's opening bell

[Shafted69]

titty titty bang bang









=

[buztah]

Shafty, China gets it!

China: Low US interest rates threaten recovery
China's banking regulator says low US interest rates are risk to global economic recovery

* On 7:07 am EST, Sunday November 15, 2009



BEIJING (AP) -- China's top bank regulator said Sunday the weakening U.S. dollar and low interest rates are spurring speculation in stocks and property, distorting global asset prices and threatening the global economic recovery.

The situation poses an "insurmountable risk to the recovery of the world economy," Liu Mingkang, chairman of the China Banking Regulatory Commission, warned just hours before President Barack Obama was due to arrive in China.

Speaking at a conference in Beijing, Liu said the declining U.S. dollar and reassurances by officials that interest rates will remain low were encouraging a "massive" U.S. dollar carry trade -- the practice of borrowing money at low rates in one currency to invest in assets in another currency that offer a higher return.

The carry trade is "dealing a serious blow to global asset prices and fueling speculation in the stock and real estate markets," he said, according to a transcript of a speech he made at a financial forum in Beijing, posted on the Web site of Hong Kong's pro-Beijing Phoenix TV.

The U.S. dollar has declined steadily since spring despite statements of support from American officials. China is the largest foreign holder of U.S. debt, mostly in the form of Treasury securities, which have declined in value as a result of the dollar's weakness.

At the same time, record-low U.S. interest rates, intended to encourage lending to businesses struggling to recover from the recession, are spurring investors to transfer funds out of the safety of low-yield dollar-denominated investments such as Treasury securities and into higher-yielding assets like stocks, commodities and emerging-market currencies.

Strong flows of such funds into China's markets, where share prices have surged by more than 70 percent this year, and property have raised worries over a possible bubble in asset prices that might later implode, causing financial problems.

[Shafted69]

UPDATE: China: Loose US Policy, Weak USD Creating Speculation

By Aaron Back and Juan Chen
Of DOW JONES NEWSWIRES

BEIJING -(Dow Jones)- China's chief banking regulator on Sunday sharply criticized loose U.S. monetary policy, including the weak U.S. dollar, saying the situation is creating massive speculation in global asset markets.

The U.S. Federal Reserve's promise to keep U.S. interest rates at extraordinarily low levels for an extended period "has already led to a massive U.S. dollar carry trade and massive speculation," Liu Mingkang said at the International Finance Forum in Beijing, which began just hours before U.S. President Barack Obama was scheduled to land in China on his first ever visit.
Even as key trading partners like the U.S. and the EU and multilateral agencies like the World Bank and International Monetary Fund recommend more yuan appreciation, China - as the world's biggest holder of U.S. Treasurys - continues to push back, defending its own exchange rate policy, while warning about unsustainable U.S. economic policies.

Liu said that the weak U.S. dollar and low U.S. interest rates are creating "unavoidable risks for the recovery of the global economy, especially emerging economies" and that the situation is "seriously impacting global asset prices and encouraging speculation in stock and property markets."
The focus on the greenback has come after it sunk to a 15-month low last week. In a speech late Tuesday, Federal Reserve Bank of Dallas President Richard Fisher said he is aware that the Fed's current stance of keeping interest rates low for an "extended period" was denting the dollar.
Fischer's comments mark the first mention from the Fed on the so-called carry trade, which takes advantage of cheap dollar borrowing costs tied to the central bank's current zero-percent interest rate stance.

In such a trade, investors sell currencies with low interest rates to buy higher-yielding units - a common theme in the foreign exchange markets that has already put the dollar under pressure in recent months.

On Sunday, Liu did not specifically make reference to Chinese asset prices, but the country's stock and property markets have been on the rise this year.

China hasn't raised its benchmark interest rates since late 2007, although policy debate has been shifting in Beijing as the recovery in the domestic economy consolidates and as the People's Bank of China tries to manage the flood of liquidity and credit underpinning the recovery.

A key concern about any Chinese rate hike is that it may prompt more speculative inflows into the recovering domestic economy. And because of the way the yuan pretty much tracks the U.S. dollar despite the local unit being referenced to a basket of currencies, increased capital flows into China adds further to the liquidity in the domestic money markets.
China continues to state that its own exchange rate policy reform will be done for its own needs and done in its own time.

-By Aaron Back and Juan Chen, Dow Jones Newswires; 8610 8400-7799; aaron back@dowjones.com

http://online.wsj.com/article/BT-CO-20091115-701966.html

China: Low US interest rates threaten recovery
(AP) – 5 hours ago

BEIJING — China's top bank regulator said Sunday the weakening U.S. dollar and low interest rates are spurring speculation in stocks and property, distorting global asset prices and threatening the global economic recovery.

The situation poses an "insurmountable risk to the recovery of the world economy," Liu Mingkang, chairman of the China Banking Regulatory Commission, warned just hours before President Barack Obama was due to arrive in China.

Speaking at a conference in Beijing, Liu said the declining U.S. dollar and reassurances by officials that interest rates will remain low were encouraging a "massive" U.S. dollar carry trade — the practice of borrowing money at low rates in one currency to invest in assets in another currency that offer a higher return.

The carry trade is "dealing a serious blow to global asset prices and fueling speculation in the stock and real estate markets," he said, according to a transcript of a speech he made at a financial forum in Beijing, posted on the Web site of Hong Kong's pro-Beijing Phoenix TV.

The U.S. dollar has declined steadily since spring despite statements of support from American officials. China is the largest foreign holder of U.S. debt, mostly in the form of Treasury securities, which have declined in value as a result of the dollar's weakness.

At the same time, record-low U.S. interest rates, intended to encourage lending to businesses struggling to recover from the recession, are spurring investors to transfer funds out of the safety of low-yield dollar-denominated investments such as Treasury securities and into higher-yielding assets like stocks, commodities and emerging-market currencies.

Strong flows of such funds into China's markets, where share prices have surged by more than 70 percent this year, and property have raised worries over a possible bubble in asset prices that might later implode, causing financial problems.

http://www.google.com/hostednews/ap/article/ALeqM5jW5lRBU9y7rFaogjstZYRdkaRPvQD9BVUU000

A senior Chinese official has criticized United States, saying that low interest rates in the US are causing speculation in asset markets around the world, which may put global economic recovery at risk.

Liu Mingkang, Chairman of the China Banking Regulatory Commission, said that plunging US dollar is posing threat to global asset markets, particularly for emerging economies.

Speaking on the issue, Zhao Qingming, an analyst at China Construction Bank Corp., said, “China has huge amount of investments in dollar assets; their safety is threatened.”

The dollar slipped against the yen for the third week in a row, shedding 0.2 per cent to 89.66.
It may be noted here that the US has recently promised to keep it key interest rates at current low.

http://topnews.us/content/28367-low-interest-rates-us-cause-dollar-speculation-liu-mingkang

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