Update 11:45 am (Hawaii) I urge you to give Scott Bleier's latest post a read: 'The entire rally is bullshit'.
"All the low volume volatility of recent weeks has served to scare the remaining individual investors out of the game. The rest of the market has become dominated and overpowered by the correlation between currencies, commodities, stocks and bonds. The programs work in milliseconds to run over any intra-market movements with instantaneous results. By the time you hear or read the news, the market move is over and you as an investor are forced to chase."
Found in the comments of Bleier's blog: Fed/POMO buying $44 billion in Treasurys this month, up from the usual $14-16 billion.
6:35 am (Hawaii) Started this yesterday, but the eyelids wouldn't stay open, so now it's a Wednesday edition. It's been a relatively quiet week of ups (two tiny profit trades on Monday) and one butchered trade on Tuesday. I got FAS at 12.99 before the bell, it went to 13.08 and I debated whether to sell immediately or put in a trailing stop. While I debated myself, it sank to 13.05, then 12.95, then to 12.60. I got out at 12.68 for a small loss. Again, it's not wise to enter late and wing it. Always have a stop in the final minutes of the session especially after the machines have taken anything more than 5% or 10% higher.
It was due for a major selloff and I screwed up. Protect protect protect.
Blogs
It was due for a major selloff and I screwed up. Protect protect protect.
Blogs
(new) RajunCajun: Not feeling it (Oct 19)
(new) Le Fly: Mandatory listening (Oct 19)
Scott Bleier: The entire rally is bullshit (Oct 19)
Zero Hedge: FT reports Europe to sacrifice banks to bail out sovereigns (Oct 19)
Le Fly: Zero reasons to be long (Oct 19)
Zero Hedge: Now Bundestag demands a say (Oct 19)
Zero Hedge: Latest European (fake?) news: EFSF talks have stalled (Oct 19)
Turd Ferguson: Beyond the pale (Oct 19)
Golden Truth: This is why we own gold - 10,000 reasons (Oct 19)
Reggie Middleton: The only investment/research house to warn of Apple miss vindicated (Oct 18)
Reggie Middleton: Just as predicted, world's first FDIC insured hedge fund takes fat loss (Oct 18)
Le Fly: Burn it all to the ground! (Oct 18)
Turd Ferguson: Silver bull market of 2012 (Oct 18)
Golden Truth: Bank of America takes sleaze to new level (Oct 18)
Golden Truth: Bank of America takes accounting fraud a step further (Oct 18)
UKIP: Nigel Farage - Standing up for British business (Oct 19)
DEMCAD: Bank of America on verge of failure? (Oct 19)ScrapGoldBusiness: Is JP Morgan ready to crash silver again? (Oct 19)
endlessmountain: Silver Log - Midweek report (Oct 19)
Christopher Greene: I am extremely concerned (Oct 19)
Casey Research: Guest Rick Rule (Oct 19)
Casey Research: Guest Eric Sprott (Oct 19)
Hit the Bid: Krull to Arms - Is your Mac working? (Oct 19)
drutter: Occupy Vancouver, silver canoe porn (Oct 18)
Chris Garcia: Gold and silver news (Oct 18)
StreetMoney21: Bank of America - Are they getting ready to soak US taxpayers again? (Oct 18)
Keiser Report: Live by fraud, die by fraud (Oct 18)
silverfuturist: Silver to peak 2017-20? (Oct 16)
Audio
Peter Schiff: Guest Sen. Rand Paul (Oct 19)
Mainstream
(video) Reuters: Difficult for EU bailout fund to cover Italy & Spain - poll (Oct 19)
(video) Press TV: Max Keiser: 'US bankers stole billions' (Oct 19)
(video) Euronews: EU probes interbank lending rates (Oct 19)
(video) RT: First video of Athens night clashes as Greece fights austerity (Oct 19)
Reuters: Morgan Stanley can thank brokerage, banking (Oct 19)
Bloomberg: BofA said to split regulators over moving Merrill derivatives to bank unit (Oct 18)
CNBC: Apple misses big on earnings, shares tumble (Oct 18)
CNBC: Greeks work hard, so why is there a debt crisis? (Oct 18)
CNBC: Greeks work hard, so why is there a debt crisis? (Oct 18)
Paul Farrell: Weiss: EU bank failures will crash Wall St - again (Oct 18)
Globe and Mail: Sprott makes bet on different kind of bank (Oct 17)
Eye candy
Street Low: Carnales Unidos Car Show (Oct 19)
Street Low: Models dancing at Carnales Unidos Car Show (Oct 18)
Street Low: LuxuriouS CC, Mike's Beef n' Brew Car & Bike Show (Oct 18)
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