I have a short update today because everything financial comes down to one thing: The banksters get what the banksters want.
As I mentioned in detail yesterday the Slovakian government was against further bailouts of the banking mafia via the EFSF or any other acronym. They are, like the average guy, just sick and tired of it!
So it came down to a vote Tuesday; will the Slovakian government approve the latest bailout or not? The US stock market waited with bated breath as it traded in a very tight range - looking for clues to the outcome of the vote.
Oddly enough (or is the phrase: AS USUAL) the vote results were released just after the close of the US stock market. (Oh sure, it's all a free market - nothing dodgy going on here.) The Slovakian government REJECTED the EFSF slush-fund-for-banker-bonuses plan.
I am writing this as the S&P futures have reopened on Globex. Now let's keep in mind that the S&P has exploded +125.00 points in just 6 trading days on this EFSF Euro-Hopium. It was just rejected. Has the S&P collapsed 50, 60-points? Maybe it is down 20 or 30-points? Of course not, silly; it is down just 2-points...or 8 crummy ticks.
And why is it down an insignificant amount? Because the game is RIGGED folks! The banking mafia made sure that this rejection was tied to a "no confidence" vote of the Slovak government, which means that a new government will be sworn in this week. It also means that the vote will come up again, and the banker's boot-licking stooges that have been hand-picked to come into power know just what to do: pass the slush fund and get on with campaign "donations"...and their new found power.
Yes sir, as I said above - the banksters get what the banksters want.
As I mentioned in detail yesterday the Slovakian government was against further bailouts of the banking mafia via the EFSF or any other acronym. They are, like the average guy, just sick and tired of it!
So it came down to a vote Tuesday; will the Slovakian government approve the latest bailout or not? The US stock market waited with bated breath as it traded in a very tight range - looking for clues to the outcome of the vote.
Oddly enough (or is the phrase: AS USUAL) the vote results were released just after the close of the US stock market. (Oh sure, it's all a free market - nothing dodgy going on here.) The Slovakian government REJECTED the EFSF slush-fund-for-banker-bonuses plan.
I am writing this as the S&P futures have reopened on Globex. Now let's keep in mind that the S&P has exploded +125.00 points in just 6 trading days on this EFSF Euro-Hopium. It was just rejected. Has the S&P collapsed 50, 60-points? Maybe it is down 20 or 30-points? Of course not, silly; it is down just 2-points...or 8 crummy ticks.
And why is it down an insignificant amount? Because the game is RIGGED folks! The banking mafia made sure that this rejection was tied to a "no confidence" vote of the Slovak government, which means that a new government will be sworn in this week. It also means that the vote will come up again, and the banker's boot-licking stooges that have been hand-picked to come into power know just what to do: pass the slush fund and get on with campaign "donations"...and their new found power.
Yes sir, as I said above - the banksters get what the banksters want.
Trade Date: 10/11/11
E-Mini S&P Trades*
(before fees and commissions):
E-Mini S&P Trades*
(before fees and commissions):
1. OTF buy @ 10:11am at 1189.75 = +1.00 & -1.25 (2 lots)
2. Algorithm positions (4)
3. "Reading the Tape" positions (4) ...combined Secret's, Algo, & "Reading the Tape" total...+5.50
2. Algorithm positions (4)
3. "Reading the Tape" positions (4) ...combined Secret's, Algo, & "Reading the Tape" total...+5.50
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