Wednesday, October 19, 2011

Wednesday cinema & library (updated 115 am HST)



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

(new) RajunCajun: Not feeling it (Oct 19)
(new) Le Fly: Mandatory listening (Oct 19)
Scott Bleier: The entire rally is bullshit (Oct 19)
Le Fly: Zero reasons to be long (Oct 19)
Zero Hedge: Now Bundestag demands a say (Oct 19)
Turd Ferguson: Beyond the pale (Oct 19)
Turd Ferguson: Silver bull market of 2012 (Oct 18)
Chris Duane (Silver Shield): Great minds think alike? (Oct 18)

Vlogs

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)
Chris Garcia: Gold and silver news (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)
Chris Martenson: Guest Nate Hagens (Oct 19)

Mainstream
(video) Press TV: Max Keiser: 'US bankers stole billions' (Oct 19)
(video) Euronews: EU probes interbank lending rates (Oct 19)

Eye candy
Street Low: Carnales Unidos Car Show (Oct 19)

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