Afterhours Slide Accelerates

Tyler Durden's picture

In a notable shift from the traditional regime observed over the past year when the afterhours session would regularly see a quiet, persistent melt up, primarily in equities, post close of electronic trading recently has been all but traditional. As can be seen on the chart below, after an attempt to ramp equities into the regular close, ES is now back to the lows of the day, where it is joined by Crude and soon- the EURUSD, which leads us to believe that the front and center story today, which was Europe until the S&P escapade, is once again in focus. The weakness is not isolated to any particular asset class, and while gold saw no sell off following the S&P move earlier, precious metals are not spared now. Curiously, the only class that refuses to budge are LT bonds: the 10 Year has been locked at the 3.37% number since closing and is hardly moving.

On a relative basis, the dollar is currently leading the pack, with the DXY performing best, followed by the Trade Weighted, Asian DXY, and curiously enough, outperforming both silver and gold for once.

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slow_roast's picture

"You're in fine health; have another cigarette!"

mynhair's picture

Thanks, don't mind if I do!

A Nanny Moose's picture

I want my Cigarettes Nurse Ratchet!!



Michael's picture

Charlie Sheen should go on tour with Jesse Ventura. The 9/11 stuff talked about would be epic.

Jesse Ventura on What the Government Doesn't Want You to Know

Reptil's picture

Hmmm Charlie Sheen compared to Jesse Ventura? Charlie seems to lose braincells every day, while Jesse seems to gain some. :-)

Pondmaster's picture

Great movie -, great book , One Flew Over The Cuckoo's Nest - written by an acid head .

Jack would say the Ten year hold is the Bernanke Put hard at work again . Working towards its own destruction

bigelkhorn's picture

There are many sheeple around that listen to the government. They keep getting it wrong and are against us. I would recommend listening to truth warriors that keep getting it right like I been listening to them and they called the stockmarket crash and economic collapse coming many years ago. 


Thank god for people reading this blog too. It is a blessing. 

wisefool's picture

Sir. (posthumonously) if you would just give up on the right shifting registars you might be a knight some day.


On a personal note to Ben. Alan did what he did. A cowboy from texas was in power. Do not train Timmay this way.

Ben Fleeced's picture

Just lit a Pall Mall Menthol. Picking up a 'tini and


Sips and ganders his own rocks. Life is tasty ripping and reweaving mink and silver fox.

For Gods' sake when does the autoexphiation stop and the real actors show their junk?

Don't talk of dust and roses

or should we powder our noses

don't give me last years caper

give me steel, give me steel





Ben Fleeced's picture

Just lit a Pall Mall Menthol. Picking up a 'tini and


Sips and ganders his own rocks. Life is tasty ripping and reweaving mink and silver fox.

For Gods' sake when does the autoasphyxiation stop and the real actors show their junk?

Don't talk of dust and roses

or should we powder our noses

don't give me last years caper

give me steel, give me steel





Squid-puppets a-go-go's picture

this pinned 10 yr wouldnt have anything to do with the feds jp morgan deals as revealed by tyler a coupla days ago would it?

mynhair's picture

But EURUSD seems to have stabilized.  Guess the race to the bottom is still on.

Though why the Yen isn't glowing in the dark yet, remains a mystery.

DeadFred's picture

This weekend's post suggests the 30yr is being supported by the Fed selling cheap puts.  How long can they do that?  With a good printing press why can't they do it forever?  I expected the midlength bonds to drop after the S$P anouncement, but I didn't see it.  ???  Won't dip my toes in those waters until I understand the flows.

mynhair's picture

Hear ya.  TBT has been dead lately, but 50 + cents can be had off TMV.

MarkTwainsMustache's picture

And the whisper of deflation comes back into the markets...

Spitzer's picture

you mean whisper of stock bear market comes back into the markets. Deflation means tighting, nothing else.

Snidley Whipsnae's picture

Off topic but interesting development: Registered an auto today in Volusia County Fl for my daughter and the county no longer takes VISA CARDS for payment. Cash, checks other credit cards ok...what's with this???

BTW, in Fl each county issues registration/tags and collects the money which is then remitted to the state which sends title in the mail.

Dr. Impossible's picture

Similiar issues here in Indiana, wifes visa CC denied at a family dollar,maybe dollar general, can't remember. but they said they would only accept a "debit card, or prepaid card only" no credit cards. something about the costs of the transaction being to high to continue accepting "credit cards"

im really not sure tho. i just found it funny..i won't don't use credit so all my cards are prepaid. But it does make me worry for the wife if she ever had car issues on when outa town. not being sure her cc would be accepted.

CPL's picture

yup, this is how this started last time.  LIBOR locked, congress met, market tanked.

Hephasteus's picture

Intel reporting 11 plus billion a quarter earnings on some number less than 8 billion of actual sales.Personally I don't think they pull off over 15 billion a year of actual sales with a 5 billion darpa, nasa, nsa, padding.

Microsoft reporting 24 million xboxes sold. No matter what crap they come out they keep saying 8 million people bought it. Halo reach 8 million. Kinect 8 million. Now trying to claim windows 7 has overtaken xp in installed base.

Apple reports 43 millon phone sales in 2010. AT&T reports 15 million connections. Nobody else who services those phones can even come up with a few million more. Orange just fucking blew thier phone initialization process yet it wasn't a big deal because of so few customers. So either there's some weird place not accessable on the planet that pickes up the other 25 million or there's some sort of freaky apple cult that phreak into phone world without a service contract or 25 million people bought it and threw it in a drawer.

Electronics sales full of shit. Auto sales full of shit. Bullet and gun sales. Now they ain't making that shit up. Mortgage backed securitys. Double triple who knows how many x counting going on at freddie fannie.


Number 156's picture

...and the great cliff dive to the bottom resumes.

Blorf's picture

Dollars, bitches!

Mr Lennon Hendrix's picture

DXY has been flat since it peaked going into the close.  The dollar has a little leverage to work with, but why would anyone compare one cooked goose with any other.  Yuan, Euro, Pound, Yen, these fiats are all worthless debt instruments in a time when governments can only pretend that they are stable.  All governments will be downgraded, and with them, their worthless currentsea.

Spitzer's picture

The Euro is better then any other of those currencies yet its the whipping boy. Europe is a net creditor for fuck sakes

blunderdog's picture

I lent my crackhead alcoholic unemployed nephew a few grand last month, that's why I'm so confident about my financial security.

dogbreath's picture

you call that music...........what shite

bob_dabolina's picture

bitch pleeaassse.

that's the best dj that has ever lived

gorillaonyourback's picture

gotta agreee with da dog dat shite sorry.  albertking, stevie ray, waylon,etc etc etc

baby_BLYTHE's picture

I go to concerts just about every weekend and hand out material promoting the liberty movement.

Recently, after the recent concerts I attended (outside the venue after the shows), I have been handing out copies of Fall of the Republic (love or hate Alex, great explanation of the crimes of the Federal Reserve + Max Keiser ownz). On the DVD sleeve I write zerohedge[dot]com!

The kids at the Acacia Strain show, a few months back took particular interest in the DVDs I was handing out. I got a few, "Ron Paul for President!", "Obama is a stooge", "The Federal Reserve is going down!", etc.

People are waking up just not slow fast enough for my personal liking, :/

After hours Music
...( read video comments, people are waking up :), 

Nothing but hatred and distrust for the entire f***iing Human Race!

mynhair's picture

No need to swear, and XU, too!

Mercury's picture


I guess if you liked that butterfly ES/10yr compression trade this afternoon...

mynhair's picture

TMV, or whatever that crap I jumped in is called.  After all, butterflies are free.

More blonde redhead:

slewie the pi-rat's picture

i told tyler i would go along with his white scarf mitsubishi zero dive.  just trying to get along w/ the psycho;  i'm sure he'll publish how soon we got stopped out and how little we lost, here in a few minutes.  tyler?  tyler? 

Re-Discovery's picture

As a holder exclusively of PMs , my HOPE is that the dollar rallies here.  It will be like metadone for the heroin addict.  Gradually, the addict will understand that the only cure is cold turkey.  Most will never embrace this and die in the street.  Others will eventually after years of relapse shift into stuff with real value.  As they do, those who shifted earlier will welcome them and ask 'how much if I add fries.'

mynhair's picture


If I can still focus, so should you.

I (heart) my Ag.

Re-Discovery's picture

I am a fiat speller, so in the words of Ben B, deal with it.

flacon's picture

+ LOL! "It's never enough" ~ Pet Shop Boys.

Central Planning is all about counteracting the negative effects of Central Planning. The more Central Planning there is, the more need for Central Planning.

CrashisOptimistic's picture

Pay as much as you want.  Fries won't exist then.

tickhound's picture

As the investment bank(s) uses the opportunity to build / fatten up silver positions... Its possible the retail investor is left totally in the dust these next move(s)


bob_dabolina's picture

PM's are gona get whacked.

I have stated I have no position (closed out of silver), I think they are getting whacked

I have a strong position in NatGas