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No commentary on JP Morgan's ETF desk moonlighting as Cape Canaveral
Doesnt look like they will get the green today.....its only a Monday
Obviously you DO NOT know the rules.
NO DOWN DAYS ever again!!!!
We will finish in the green. Repeat after me. We will finish in the green!
Really not sure what I was thinking......I guess I got a little too realistic....that never works
Level 5 Alert! We've got a realist here!
*points out BuffaloBull to the men in trenchcoats*
Well said. I'm following advice - get out if there are four consecutive days - market's going to the
good articles; good articles 4 slow news day ..http://www.. hat tip: finance news & finance opinions
So much for trying to hide large orders. If this was a JPM client wouldn't they want to mask it a bit so as not to get gouged by the algo sharks and frontrunners?
They want the manipulations known to lure follow-up money. A legion of traders are chasing ramps and buying dips because they know the fix is in.
3:50 ramp not yielding green?
well there is always 3:58
i vote we take on another decade's worth of debt to turn this market green today!
I would love to see happen to JPM what happened to Challenger so many years ago, right after mission control said, "you are clear for throttle up" maybe one of the O-Rings on one of their 20 parralel Cray Computers will fail....
i cant stop laughing HAHAHAHAHAHa
We even had the follow through to the after-hours... we're now seeing a 100K chunker cross at 102.96.
Thank you, House of Dimon.
Whew! We finished in the green. That was too close.
What is the cost of these daily ramp jobs? A few million or so to keep the S&P pegged is chump change for Bernanke and Timmy.
This is america. Everything is infinite. We can go to the moon every day for dinner. Till everythings burned up and Bernake figures out he taught himself calculus wrong.
Will it be apollo or will it be columbia.
Columbia with a touch of Hiroshima and Nagasaki
Oh come on. Financial engineers are fully licensed and regulated to properly use liquidity fueled rockets. I'm sure it will be ok. This sideline cash mission will be successfull. :)
Surely it won't end like this.
OMFG; Hephaestus dude; you just caused a short switch to my brain; i was enjoying Tchaikovsky's concerto in b-minor and clicked on that link and my IQ went completely to zero.
Tchaikovsky. He's pretty good on the keyboard but you can barely him him singing. He needs to learn to project.
No, that's Dvorak.
Tyler- check this out
Very interesting - in a nutshell, mortgage applications are not keeping track with the "up swell" of existing home sales. Not at all. There's a surprise: as they guess, a lot of these sales are distressed sales and for cash. I saw an estimate somewhere that only about one third of existing home sales are "voluntary" - the rest are foreclosures, short sales and similar "involuntary operations." Rumor has it one third of existing home sales were fueled by the $8K tax credit as well. Expect the home market for firt time buyers once that credit disappears to do the same as cars once the cash for clunkers credit expires - drop.
Maybe the Fed is purchasing with fresh-printed dollars so it can't be traced back to them...
After mark-to-fantasy, I'll believe just about anyfrau...I mean, anything.
It looked to me as if the bigs were pumping up the volume all day long with circle jerk algo trading. It makes the market look stronger. STT, JPM, GS, they play reindeer games.
Tyler, I See the buys coming in and perhaps the buys are from legitimate buyers or perhaps from their own Prop trading desk. Can you please explain why you see this as manipulation? I agree something is not right as this buying appears over and over again!
I know next to nothing about professional trading but this 3.30 ramp thing is hilarious. It's worth logging on just to get the running commentary. Keep it coming
How do you know the market is rolling over?
When even POMO days close down.
The chance the equity market goes up on a POMO day is as good as you would get by flipping a coin. This one should be put to rest.
would you mind sharing the data. thanks
I noticed the time is 12:32. Is this West Coast?
Can thses trades be seen real-time on a platform like TDAmeritrade?
call the paramedics
I noticed the time as 12:38.
Is this a level II quote?
Hitting "BUY", hitting "BUY", hitting "BUY", ad infinitum..
They really need to worry about getting the repetitive strain injury.
no no, the algo does all the work.
so...what happens when JPM and GS stop the ramp and look to collect on the short positions they are building now?
what happens when people see what little is left of their savings disappear?
and when Ben can't print any more cash .... not even to pay interest on all the funny bonds he's printing?
what happens then? Do the JPM and GS management and Ben just get to walk away clean?
Is CNBC just going to pretend this all just happened due to "market forces"?
You would have to direct that question to any sociopath, the answer is: "who cares?".
If you think the people manipulating the game have any conscience you shouldn't be in the game.
Do the JPM and GS management and Ben just get to walk away clean?
Answer: Definitely Yes
DID YOU KNOW THAT HAL USE TO CHARGE $100 A POP OF COKE THAT IT PROVIDES THE SOLDIERS?I BET YOU JPM IS NOT SPENDIG 50 MILLION OF ITS MONEY BUYING SPYDERS. THIS IS MOST PROBABLY PROP UP OR AN ORDERLY RETREAT AND THE BILL WILL BE PRESENTED LATER TO THE FED. OF COURSE THEY FIRST HAVE TO HAVE THE MONEY TO DO THAT,AND THAT IS WILLINGLY PROVIDED BY THE FED. WE ARE STILL IN THE CONFIDENCE BUILDING STAGE,THE REST WILL COME LATER
Note that the PR campaign to support a walk-away for GS, JPM, and BEN has been started....
puff pieces about Ben saving the world appearing all over
The NYT editorial highlighted the wonderful idea of a government support plan to secure a minimum gain for 401(k) plans......
perhaps this the launch of the idea of a new government guaranteed return "retirement" bond. a few months back rumors were circulating about various congressmen discussing the confiscation of IRA/401(k) funds....or requiring that they be invested in government bonds ......
next, and i know this is going to be a PR feat that will need the talents of an evil genius like Karl Rove....we're going to be treated to a series of "pro-GS, pro-JPM and their role in 'stabilizing' the markets"....
you can already hear this theme starting to turn up in the propaganda on CNBC.
watch for this.
The propaganda is definitely the tip off.
Karl is still of the belief that people of conscience are involved with our political/financial system. Today it's HFT but they already have tomorrow figured out and it will just be a different way to screw the people.
Congressmen, Senators, they don't write bills, the lobbyists do. The game is utterly corrupt.
Denninger is so fucking naive or just scared to say like it is; that i stopped reading his articles long ago; its like listening to a child who still believes that storks bring babies after he/she caught his/her parents having sex for the 100th time. and all the caps lock and bold started to get on my nerves; he must have felt that his audience is composed of retarded morons who need the important parts of the article bolded and caps locked.
I agree with both responses and was booted off his board. I almost never link to his rants but this one seemed on topic to the thread.
buzzsaw99; i wasn't aiming at you; I also posted this same link under another post on ZH. He is extremely naive and shows an astounding lack of ability to discuss something trough argumentative debate. I once entered a debate with him on something about FED policy about swaps and long term interest rates and when i beat him with arguments based on facts ( he, oh so caps locks and bolds in his posts ) he literally told me to go fuck myself. and he cursed for another 10 replies and i basically told him the same thing; he can go fuck himself; he rants all day long.
Karl is one of the good guys. I guess he expects people to act with some integrity, the financial predators thrive on that expectation.
Wait a second:
Here’s the schedule for this week’s Treasury auctions:
$31 Billion in 13 Week Bills, August 24
$30 Billion in 26 Week Bills, August 24
$27 Billion in 52 Week Bills, August 25
$42 Billion in 2 Year Notes, August 25
$39 Billion in 5 Year Notes, August 26
$28 Billion in 7 Year Notes, August 27
$197 billion. That means the program for this week is market slips down (check), MSM adds a dash of ominous sounding news on any number of fronts as the week progresses to allow sound footing for "flight to safety" soundbites (check), before the return of the "risk trade" and a rip-roaring SPY on or about 3:30 pm Thursday, leaving ample time Friday to get up early, program the HAL 9000 algorithms for the weekend and Sunday night futures pumping, grab the tanning butter, and hit the Hamptons.
Yes Should be interesting. The Treasury Auction results, the FDIC report, and gold/dollar are what I am watching closely this week.
Consumer confidence consensus 48 for tomorrow.
Let's see what a lower rate will do in a week of multiple billion dollars worth of bonds on the table.
Although the S&P Case Shiller data will be fantastic. It's a cyclical bull market they're saying again today. Another "headline" from the shelves said that "it's now or never to pick up a foreclosed home for cheap"..
Expecting Asia and Europe tomorrow to be flat.
Looking for more direction from Wall Street.
Calling on a trader to explain... why does JPM have to buy so many different sized amounts of SPY... why don't they either buy equal amounts... or just buy a few larger amounts... esp if they are essentially doing it all at the same time?????
Computer generated data points to satisfy dynamic accounting fraud?
Looks like all the 12:32 entries are massaging the data either collapsing thier spread or widening it out and then the 12:33 entry comes and makes the trades.
I think ostensibly JPM is buying these for 'clients', which would perhaps be hedge funds, or USgovt masquerading as hedge funds.
Well would they just cut it out already... I need to get out from under an upside down short position... and this doesn't help... who wants a bunch of SPY when the market is 'supposed to be tanking shortly'... or maybe the USG is the one that is going to be left standing without a chair when the music stops and the market heads back down... holding a whole bunch of SPY bought at the peak.
That was cute. But who was responsible for the ramp job exactly 10 min. before THAT one, @ 3:22? Now THAT one was impressive.
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