After reading this article, people also read:

"Police Barred from Penis Enlargement"

I can see how reading the first makes you want to find out more on the other...

/LOLWUT?

THESE ARE THE FACTS AS WE KNOW IT!
The Associated Press
Monday, May 3, 2010; 3:17 AM:

Hong Kong's Hang Seng index led decliners, falling 256.24 points, or 1.2 percent, to 20,855.21 while South Korea's benchmark dropped 1.2 percent to 1,721.21.

Singapore slid 1.0 percent, India fell 0.6 percent and Australia skidded 0.5 percent after the government said it would impose a new tax on the profits of mining companies.

If those percentages hold up this could be a drop of almost 100 points in the Dow!

EVERYBODY PANIC!!!!!!

THESE ARE THE FACTS AS WE KNOW IT!
Posted 5/3/2010 4:28 AM from FXstreet.com in Investing, Forex and Currencies

FXstreet.com (Barcelona) - The unprecedented 110 billion euro EU/IMF rescue package for Greece, announced by European finance ministers Sunday, did little to quell market fears of Greek default and euro zone contagion. Both the French CAC 40 and German DAX indices are lower in early trading, posting losses of 0.89% and 0.61% respectively. The British FTSE 100 has the day off.

/trading is sluggish

//NYC prediction is gay, not happy gay, deadly gay, 1.0% deadly gay:

Here's as good a place as any for my last round of tinfoil hattery: You'll note that S&P rated Greece to "junk", then immediately rated down Spain and Portugal. It's almost like they're intentionally lumping their bad news together, to manipulate the value of the Euro against the USD...

Occam's Chainsaw: Here's as good a place as any for my last round of tinfoil hattery: You'll note that S&P rated Greece to "junk", then immediately rated down Spain and Portugal. It's almost like they're intentionally lumping their bad news together, to manipulate the value of the Euro against the USD...


A riot policeman passes by a Greek state television van set on fire by protesters in Athens on Saturday May 1, 2010. Tens of thousands of protesters gathered in central Athens and other Greek cities Saturday for May Day rallies fueled by anger at expected harsh austerity measures needed to secure rescue loans for near-bankrupt Greece. (AP Photo/Kostas Tsironis)

/stop with the tinfoil hat meme, it diminishes your voice
//so goes Greece, so goes the world, canary in the coal mine...
///bad times ahead

And yet U.S. futures are up.
Either investors are confident that Europe won't let Greece fall,....

Or they've figured out that the fix is in, and that America will prosper as ALL OF EUROPE BURNS!

This is a plot between China and the U.S. to first tear down the rest of the world, and then split it up between them!

You know, one or the other.

2500 years, not much has changed....

THIS IS SPARTA



//hot like a molotov cocktail

So one pissant country runs into economic troubles and suddenly all of western civilization crumbles?

Gold gets a breakout about 1200...
Oil up to 100 a barrel by June

Greece is not "one pissant country". For better or for worse they are in integral part of the EU and the unfortunate truth is that the same PIIGS as before have yet to learn their lesson. Euro back to dollar parity by July.

I just found out what Bloody Sunday was all about. Back in 1920, the IRA took out the core of the British secret service early one Sunday morning and in response the police department went to Croke Park where there was a football game in progress. There they just opened up and killed around 14 people.

The horror over this pretty much sealed the deal and led to the cease fire that gave Ireland its independence.

And now you know the rest of the story. I'd heard about Bloody Sunday for 30 years and finally realized that I hadn't a clue what they'd been singing about.

Interesting that Dow, Nasdaq and all the individual stocks on my watch list are up right now.

yakmans_dad: And now you know the rest of the story. I'd heard about Bloody Sunday for 30 years and finally realized that I hadn't a clue what they'd been singing about.

I thought it was about the assassination of MLK, but it turns out that was on a Thursday.

\I guess he never could get the hang of Thursdays either

OMG! The Dow is UP 63 points!!! The world is ending!!!

Well, at least it tells us how low the bar has fallen for Fark greenlights.

Head and shoulders, you ignorant Farkers, head and shoulders. I'm buying URPIX while you schmucks keep complaining about the "low bar" for greenlights

yakmans_dad: I just found out what Bloody Sunday was all about. Back in 1920, the IRA took out the core of the British secret service early one Sunday morning and in response the police department went to Croke Park where there was a football game in progress. There they just opened up and killed around 14 people.

And there's still no song about Amritsar.

yakmans_dad: I just found out what Bloody Sunday was all about. Back in 1920, the IRA took out the core of the British secret service early one Sunday morning and in response the police department went to Croke Park where there was a football game in progress. There they just opened up and killed around 14 people.

The horror over this pretty much sealed the deal and led to the cease fire that gave Ireland its independence.

And now you know the rest of the story. I'd heard about Bloody Sunday for 30 years and finally realized that I hadn't a clue what they'd been singing about.

There were multiple Bloody Sundays in Ireland. I believe the song may be more focused on the 1972 killing of 14 civil rights protesters by British Troops in Derry, Northern Ireland.

yakmans_dad: I just found out what Bloody Sunday was all about. Back in 1920, the IRA took out the core of the British secret service early one Sunday morning and in response the police department went to Croke Park where there was a football game in progress. There they just opened up and killed around 14 people.

There was also the shooting in Derry in 1972, which was more likely what U2 was singing about. Again, 14 people were killed. Basically, the British like killing 14 Irish on the occasional Sunday.

//Has a friend who has a Bobby Sands, M.P. mural.

Link (new window)

Link (new window)

The Icelander: yakmans_dad: And now you know the rest of the story. I'd heard about Bloody Sunday for 30 years and finally realized that I hadn't a clue what they'd been singing about.

I thought it was about the assassination of MLK, but it turns out that was on a Thursday.

That would be "Pride (In the Name of Love)".

Old enough to know better: So one pissant country runs into economic troubles and suddenly all of western civilization crumbles?

Through the financial magic of something called "Leverage."

Lake Palin: Head and shoulders, you ignorant Farkers, head and shoulders. I'm buying URPIX while you schmucks keep complaining about the "low bar" for greenlights

Good for you.

I bet my capital gains last year was several multiple of yours, though, bucko.

And you're buying into this market? Awesome. I like people like you. Guess my capital gains will be several multiple of yours this year too.

kevinatilusa: yakmans_dad: I just found out what Bloody Sunday was all about. Back in 1920, the IRA took out the core of the British secret service early one Sunday morning and in response the police department went to Croke Park where there was a football game in progress. There they just opened up and killed around 14 people.

The horror over this pretty much sealed the deal and led to the cease fire that gave Ireland its independence.

And now you know the rest of the story. I'd heard about Bloody Sunday for 30 years and finally realized that I hadn't a clue what they'd been singing about.

There were multiple Bloody Sundays in Ireland. I believe the song may be more focused on the 1972 killing of 14 civil rights protesters by British Troops in Derry, Northern Ireland.

I bet you're right. Thanks.

Now I know the rest of the rest of the story.

Do you know what URPIX is? Profunds Ultrabear. I'd love to compare internet dick size and capital gains but I thought people would like to exchange information

He's in ur market, buying urpix.

haha
bravo

I just had a look at the one-year graph on urpix. Minus 54%. Man, that's some smart money, right there.

"The investment seeks daily investment result that corresponds to twice the inverse of the daily performance of the S&P 500 index. The fund takes positions in financial instruments that should have similar daily return characteristics as twice the inverse of the S&P 500 index."

The past year has been a bull cycle. Look at how it spiked in 2008 during the crash

So S&P go up= URPIX go down
/Is our farkers learning?

Lake Palin: So S&P go up= URPIX go down
/Is our farkers learning?

Yes. My point is that buying URPIX over the last year would have been a really, really, really bad investment.

That's why I didn't buy it last year. I bought SPY and made 40% returns.

Snot Monster from Outer Space: I just had a look at the one-year graph on urpix. Minus 54%. Man, that's some smart money, right there.

Yeah, it's done awesome on all terms.

1 day +3.26%
1 week +4.79%
4 week -3.94%
3 month -20.78%
YTD -15.45%
1 year -54.18%
3 years* -11.71%
5 years* -14.23%

jgbrowning: Snot Monster from Outer Space: I just had a look at the one-year graph on urpix. Minus 54%. Man, that's some smart money, right there.

Yeah, it's done awesome on all terms.

1 day +3.26%
1 week +4.79%
4 week -3.94%
3 month -20.78%
YTD -15.45%
1 year -54.18%
3 years* -11.71%
5 years* -14.23%

Yeah, but Lake Palin woke up this morning just KNOWING the major indices were headed down, down, down. I tell ya, you can't learn gut instincts like that in your fancypants business schools.

Lake Palin: Head and shoulders, you ignorant Farkers, head and shoulders. I'm buying URPIX while you schmucks keep complaining about the "low bar" for greenlights

According to Bulkowski's Encyclopedia of Chart Patterns the average formation length for a H&S top pattern in a bear is 52days and in a bull it's 62days.

I see a potential H&S but it's only on about 15 days. Honestly, looks more like consolidation than a H&S to me. *shrug*

Thank you JG, I welcome useful feedback. I'm not saying I know all the answers, I'm telling you guys where I think the market is headed and that I'm backing up my opinion with money.

/JG any thoughts on the potential reverse H&S showing in Gold? I always take goldbugs with a pound of salt but the charts look okay
Link (new window)
and that could provide an interesting correlation to the traditional H&S 'maybe' forming on SPY...

And no, I'm not a total doom and gloomer, Mr. Snot Monster (is that Snot Monster CFP?), my largest position is in SPY and some of the wisdom tree cap funds. Doesn't mean I don't want to protect profits.

/just purchased 10 May 80 puts on a certain oil platform management and manufacturing company. Not BP (sold last thursday for +7% total returns) but maybe some other company that might be responsible for the RIG disaster

Lake Palin: /JG any thoughts on the potential reverse H&S showing in Gold?

Historically it's been a poor performer. IMO gold's in a bubble right now and has been for a while. I think people are banking on the expectation of high inflation which I'm not so sure of either. The upside in gold would require almost brand new highs and I'm never a big fan of buying in such a circumstance.

Agreed. I think its a great indicator for consumer fear though and GLD has been good to me. When you take this with that insane spike in the VIX last week (when the oil spill was not being factored in) I see resumption of bear conditions through at least the summer

Images like this make me wish I could use photoshop

oh yeah, oh yeah.

This is why USA is the best in the world.