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Advance Chicago PMI Look Shoots Market Higher, As JPM ETF Desk Back To Old Tricks
If anyone is confused why the market surged like a stung dog at 9:42 Eastern, don't be: that is the moment when the January Chicago PMI number, which came out at 61.5 (vs expectations of 57.2) compared to 58.7 in December (which of course was downward revised from 60), became available to paying subs. The mere, non-paying morts saw the number for the first at 9:45, when the bulk of the move higher was already completed.
And just in case you think we forgot, here is a loving glance at the IOIA shennanigans happening behind the scenes. Guess who is the primary actor at precisely 9:42. Ah, the good ole' microgunning technique - gets 'em every time.
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Who's Jeff? Bezos? :-)
...better question, What is Jeff ?? Biggest gunslinger out front for sure.
Jeffries.
Did they sell at or shortly after 10:30?
If not, then ouch...
andy shouldn't that be a picture of JD.
ahh, andy.
and yes the fists work better with that Durden character (particularly the durden character that inhabits this site.....perhaps it is because i imagine that he doesn't wear bad gold cuff links or that i more than slightly biased in his favor)
hmmm....truth....on this matter one would speculate is better than the fiction.
Good number aside from the market front running. I wonder though...how could this be so?
All restocking/inventory build? What?
In the fullness of time....
JEFF=Jefferies
Anybody have any idea wtf happened to MSFT during this same period of time? Something went haywire . . .
With all this good econ "data" what will the Fed do next?
Nothing to stop another giant bubble blow up
Print more money of course. Trick is, how to do it stealth cause nobody else wants that toxic crap (I mean AAA rated MBS) that Chairman Banana is buying at any where close to the price he is paying.
Wow, they are pumping this baby more than Ron Jeremy...
MUST
MAKE
JANUARY
LOOK
GOOD
YOU GOTTO LOVE BERNAKKE HE STICKS TO HIS GUNS
No, I've figured it out. On days the market is about to implode they deliver a one two punch. GS picks a DOW 30 stock to upgrade, and then the FED trading desk holds it up. Today it's WMT, pile in everyone!!!!
Per Sorkin on CNBS this morning, Jamie's not at Davos. he has a morning meet w/Obama and then a face to face with Timmy. A good guest never arrives empty handed.
For the last few months looking at the tape is deceiving. The markets have appeared incredibly weak aside from pimping the futures. Financials in particular have been looking weak for months. I think one day in the near future many are going to look back at the pps of some of these banks and laugh at themselves for actually purchasing any of these repeadetly diluted instruments of mental manipulation. That is all they are and will continue to be and I still am confident that this entire market charade has was orchestrated for the sole purpose of allowing banks to recapitalize partially through short sellers but more importantly through inflated pps in order to make offerings not once but twice in order to fool private capital into capitalizing these worthless companies.
looks like the futures won't cut it anymore, they've been unloading MSFT like crazy over the past few days.
....aaaaaand we're red.
Hey, can I get one of these here Ramp 'n' Dump gizmos fer the kids? Sure is stomach-turning.
You know the best thing about ZH and the comments that follow the posts is that it is all so "TRUE" that it has become commical. One day we will look back and most likely the government will blame us for pointing out the truth and doing nothing, and somehow that brought down the system. America the beautiful!
JPM has client orders, too. Not everything is a conspiracy.
hey, Jamie Dimon, thanks for showing up to the party. Of course you have client orders. But you dont think it is a little weird, consistently, to see ONLY you printing in exact lots at the exact time things happen, almost with 100% consistency???
either that, or you have ONE unbelievable client. my guess is the client's name starts with F and rhymes with Red.
Yeah, but there are a lot of Freds in the phone book...
does your boss know you read ZH during the working day?
And the .gov insiders started buying at 22:00