Comments on: New Posts . . . http://www.ritholtz.com/blog/2009/05/new-posts/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Sun, 21 Mar 2010 11:38:09 -0400 http://wordpress.org/?v=2.9.2 hourly 1 By: psm2112 http://www.ritholtz.com/blog/2009/05/new-posts/comment-page-5/#comment-177793 psm2112 Sat, 30 May 2009 17:12:31 +0000 http://www.ritholtz.com/blog/?p=27722#comment-177793 "Did the CRA cause..."? Without reading more than two paragraphs - it is blatant neocon, Chicago School nonsense. Did you post ironically? Ah, the great myth of The Government Distortions in the Marketplace. Paul Krugman puts it this way more or less: if the free market is so nimble, how can a little thing like a government get in its way? Put another way, what's wrong with a rule that ensures that we unhinge our next dollar of GDP growth from our next barrel of imported oil (as was done in Japan, France, Britain, Denmark, ... after the 70's oil crisis; countries that today use the same amount of oil as they did then - from P. Tertzakian's 'Thousand Barrels a Second')? “Did the CRA cause…”? Without reading more than two paragraphs – it is blatant neocon, Chicago School nonsense. Did you post ironically?

Ah, the great myth of The Government Distortions in the Marketplace. Paul Krugman puts it this way more or less: if the free market is so nimble, how can a little thing like a government get in its way? Put another way, what’s wrong with a rule that ensures that we unhinge our next dollar of GDP growth from our next barrel of imported oil (as was done in Japan, France, Britain, Denmark, … after the 70’s oil crisis; countries that today use the same amount of oil as they did then – from P. Tertzakian’s ‘Thousand Barrels a Second’)?

]]> By: karen http://www.ritholtz.com/blog/2009/05/new-posts/comment-page-5/#comment-177603 karen Fri, 29 May 2009 20:20:41 +0000 http://www.ritholtz.com/blog/?p=27722#comment-177603 Onlooker, just remember how wrong i was this week on gold, crude and the usd... : ) Onlooker, just remember how wrong i was this week on gold, crude and the usd… : )

]]> By: Onlooker from Troy http://www.ritholtz.com/blog/2009/05/new-posts/comment-page-5/#comment-177595 Onlooker from Troy Fri, 29 May 2009 20:06:23 +0000 http://www.ritholtz.com/blog/?p=27722#comment-177595 Whoa, nice steep ramp job into the close! Almost hit your target karen. How'd you do that again? Whoa, nice steep ramp job into the close! Almost hit your target karen. How’d you do that again?

]]> By: I-Man http://www.ritholtz.com/blog/2009/05/new-posts/comment-page-5/#comment-177593 I-Man Fri, 29 May 2009 20:05:35 +0000 http://www.ritholtz.com/blog/?p=27722#comment-177593 That was one hell of a last print on SPY... Selassie. That was one hell of a last print on SPY… Selassie.

]]> By: bill_from_chicago http://www.ritholtz.com/blog/2009/05/new-posts/comment-page-5/#comment-177584 bill_from_chicago Fri, 29 May 2009 19:56:16 +0000 http://www.ritholtz.com/blog/?p=27722#comment-177584 America - can't type today America – can’t type today

]]> By: bill_from_chicago http://www.ritholtz.com/blog/2009/05/new-posts/comment-page-5/#comment-177581 bill_from_chicago Fri, 29 May 2009 19:55:06 +0000 http://www.ritholtz.com/blog/?p=27722#comment-177581 @Cvienne I just get the feeling Obama is throwing American under the bus... @Cvienne

I just get the feeling Obama is throwing American under the bus…

]]> By: karen http://www.ritholtz.com/blog/2009/05/new-posts/comment-page-5/#comment-177580 karen Fri, 29 May 2009 19:53:00 +0000 http://www.ritholtz.com/blog/?p=27722#comment-177580 Onlooker, I'm showing a 30% short postion in jcg... darn I missed it... thot they'd post better than expected.. i just dumped a bunch of money their way yesterday : ) Onlooker, I’m showing a 30% short postion in jcg… darn I missed it… thot they’d post better than expected.. i just dumped a bunch of money their way yesterday : )

]]> By: Onlooker from Troy http://www.ritholtz.com/blog/2009/05/new-posts/comment-page-5/#comment-177578 Onlooker from Troy Fri, 29 May 2009 19:51:02 +0000 http://www.ritholtz.com/blog/?p=27722#comment-177578 The mania in NG seems to have cooled off today. Anybody think it resumes a meaningful rise from here? Just doesn't seem like there's a fundamental case for it doing anything but staying down around 4 bucks without a REAL recovery in sight. No weak dollar affect like oil. The mania in NG seems to have cooled off today. Anybody think it resumes a meaningful rise from here? Just doesn’t seem like there’s a fundamental case for it doing anything but staying down around 4 bucks without a REAL recovery in sight. No weak dollar affect like oil.

]]> By: cvienne http://www.ritholtz.com/blog/2009/05/new-posts/comment-page-5/#comment-177577 cvienne Fri, 29 May 2009 19:50:36 +0000 http://www.ritholtz.com/blog/?p=27722#comment-177577 @karen oh...and that 'gap down to 897...if you need a bulls**t story to pin it to...let's just say the GM bankruptcy for sh**s & giggles... @karen

oh…and that ‘gap down to 897…if you need a bulls**t story to pin it to…let’s just say the GM bankruptcy for sh**s & giggles…

]]> By: cvienne http://www.ritholtz.com/blog/2009/05/new-posts/comment-page-5/#comment-177574 cvienne Fri, 29 May 2009 19:48:31 +0000 http://www.ritholtz.com/blog/?p=27722#comment-177574 @karen Re: SPX It would basically explain today's action...in short... - Reverse H&S formed with around a 906 base on the S&P (since Tuesday) - But maybe the market looks to do some GAP "filling in" in the 897 to 899 range (3 "gaps" there in the last 7 days)... - So you get a 899 GAP down open on Monday...It spends a half hour filling it in...then it charges up to 906 right at 10 o'clock (which would pretty much keep the reverse H&S in tact on more than a 30 min chart)... - You still have implied volatility which could move the S&P 27 points all week - So you have a new BASE of 897, with topside of 925 - It bumps around there all next week - The 88 puts and 93 calls that one of the big boys wrote are still in tact (and the PREMIUM is decaying fast for the buyers)... - Rinse & Repeat the following week... - Technical breakout on OPEX week over & done @karen

Re: SPX

It would basically explain today’s action…in short…

- Reverse H&S formed with around a 906 base on the S&P (since Tuesday)
- But maybe the market looks to do some GAP “filling in” in the 897 to 899 range (3 “gaps” there in the last 7 days)…
- So you get a 899 GAP down open on Monday…It spends a half hour filling it in…then it charges up to 906 right at 10 o’clock (which would pretty much keep the reverse H&S in tact on more than a 30 min chart)…
- You still have implied volatility which could move the S&P 27 points all week
- So you have a new BASE of 897, with topside of 925
- It bumps around there all next week
- The 88 puts and 93 calls that one of the big boys wrote are still in tact (and the PREMIUM is decaying fast for the buyers)…
- Rinse & Repeat the following week…
- Technical breakout on OPEX week

over & done

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