Red

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Fun fact, from ZH:

Earlier during the S&P conference call, one of the participants asked the brilliantly simple question: with the Fed monetizing debt, why should the US even bother to collect taxes?

OVER 50% of the money to run the govt is from the Fed, so why not just print the other 50%?

Oh, I forgot……screw the middle class.

here’s a thought, unrelated to pizza.
GOOG Morgan Stanley is lowering its price target on shares of Google (NASDAQ: GOOG) to $645, SO 200 DAY 560 EASY
MAY 545 CALLS i can probably get $10.00 to $15.00, soon enough…at $6.00 today

CSCO i’ve been waiting and waiting for CSCO to get to 16.50, finally 16.6 today. close enough. went long…17.3 exit looks simple.

Hey you know the market drives the news, and not the other way around. And by the way, the White House, PIMCO and all the other scum knew about this on Friday, hence the BIG gap down. Any surprise?

Cletus,

Did you see the new FP today on your screen, and do you have any downside FP’s from last week that might give us our target low?

SPY 5 Minutes chart: http://niftychartsandpatterns.blogspot.com/2011/04/spy-intraday-update.html

New intraday FP of 131.31 spy at 2:40 pm est.

Mr. TopStep…

http://www.youtube.com/watch?v=cMLDCqDpsCo&feature=youtu.be

did you see my T?
timed to perfection.
those gangsters!!!
http://tinypic.com/view.php?pic=2liwwly&s=7