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Afternoon Market Summary

Tyler Durden's picture




 
  • IG12: 114bps + 1.5 bps (weaker)
  • IG12 intrinsics: +6 bps (much weaker)
  • HY12: 791bps + 10 bps (weaker)
  • HY12 intrinics: +31 bps (much weaker)
  • 30 Year: 4.52%, +8 bps (weaker)
  • DXY: poundage
  • Equities: who cares, just feed more redbull to WOPR

And just so there is no doubt...

 

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Wed, 08/12/2009 - 14:57 | 34224 mdtrader
mdtrader's picture

Look at EURUSD in the last hour and tell me that's natural.

Wed, 08/12/2009 - 14:58 | 34232 capitalisa
capitalisa's picture

"natural"   You did NOT just say that, right? LOL

Wed, 08/12/2009 - 14:58 | 34231 mgarrett84
mgarrett84's picture

you say redbull I was thinking more along the lines of crack. 

Wed, 08/12/2009 - 16:09 | 34406 Anonymous
Anonymous's picture

No lighter? Crush up your crack and let it dissolve in your Red Bull

Wed, 08/12/2009 - 20:50 | 34514 myspace (not verified)
myspace's picture

No kidding - see the TSX this afternoon?

>hat tip to: finance news & finance opinions...http://www...

 

Wed, 08/12/2009 - 15:02 | 34243 Howard_Beale
Howard_Beale's picture

Fed to start decreasing size and frequency of POMO's starting Aug 19th.

Wed, 08/12/2009 - 15:03 | 34245 TumblingDice
TumblingDice's picture

Imagine the selloff we should see the next time the DEA/Coast guard intercept one of those Columbian subs. Theyre probably having a hard time keeping up with demand as is.

Wed, 08/12/2009 - 15:03 | 34247 D.O.D.
D.O.D.'s picture

Brawndo, that's what HFT's crave...it's the electrolytes.

Wed, 08/12/2009 - 15:21 | 34307 Missing_Link
Missing_Link's picture

^^ wins

Wed, 08/12/2009 - 15:11 | 34254 Comrade de Chaos
Comrade de Chaos's picture

Breaking news: the latest update that allows the privileged users of robot "awsomo" to connect to the direct line b/n treasury and gov sach saves the day.

Robot "awsomo" it will take your investment experience to the whole new level.

 

& it's UP!!! (took just a dozen+++ min to digest the FED meeting)

 

Wed, 08/12/2009 - 15:08 | 34263 Anonymous
Anonymous's picture

Evidently selling a share of stock is now illegal...

Wed, 08/12/2009 - 15:44 | 34353 Anonymous
Anonymous's picture

Ha, I've been muttering that to myself for weeks now. If you anything, they actually use the cusip to track you down, come to your house, drag you out of your bed......then you just disappear

Wed, 08/12/2009 - 15:21 | 34304 Dixie Normous
Dixie Normous's picture

How about the TRAN?  The only thing those guys could be moving around are "Fed Dollars."

Good work if you can get it, I guess.

Wed, 08/12/2009 - 15:24 | 34311 Anonymous
Anonymous's picture

I guess I picked the wrong time to quit sniffing paints, and to hold on to SDS.

Wed, 08/12/2009 - 15:37 | 34344 Dixie Normous
Dixie Normous's picture

You're not wrong being in SDS, you just have to learn the new hours of operation for the markets.

You see, the largest pull back in a month was completed at 3AM this morning.

Once Asia sold off and Europe was about to open, all the bad news was out and we have subsequently rallied 25+ S&P points.

We can do this for recessions, depressions and any other unsightly events like market selloffs by making them happen when nobody is looking.

Now that the pull back is complete, it's off to S&P 1050 without a hitch.

Wed, 08/12/2009 - 15:24 | 34312 Anonymous
Anonymous's picture

what or who is WOPR?

Wed, 08/12/2009 - 15:34 | 34335 zeropointfield (not verified)
Wed, 08/12/2009 - 15:34 | 34338 Anonymous
Anonymous's picture

As in the real WOPR-like entity, or what is the fictional WOPR?

The fictional WOPR: "(pronounced "Whopper") is a fictional military computer featured in the movie WarGames (1983). It is acronym for War Operation Plan Response. Director John Badham invented the name "WOPR" when he thought the NORAD SIOP (Single Integrated Operating Plan) was "boring, and told you nothing".[1] "WOPR" according to the director plays off of the Whopper hamburger and a fuzzy image of something going whop."

http://en.wikipedia.org/wiki/WOPR

Wed, 08/12/2009 - 15:32 | 34333 Deficient Market
Deficient Market's picture

You could just see Ben's half hour after the FOMC - looks at indices, says "oh shit, I blew it", places a call to UBS to save the day in exchange for some POMO going their way (prior to October anyway)

Wed, 08/12/2009 - 15:34 | 34336 TumblingDice
TumblingDice's picture

Efficient market hypothesis FTL.

Wed, 08/12/2009 - 15:35 | 34340 Anonymous
Anonymous's picture

stupid bulls never learn, but that's ok

short the stock market hard

Wed, 08/12/2009 - 15:48 | 34359 Anonymous
Anonymous's picture

Equities are cheering the bankrupting of an empire.

Wed, 08/12/2009 - 15:52 | 34374 OBRon
OBRon's picture

Ah, the Great Selloff begins!

Look out below!

Wed, 08/12/2009 - 15:53 | 34375 Anonymous
Anonymous's picture

and here comes the plunge

Wed, 08/12/2009 - 15:56 | 34381 Anonymous
Anonymous's picture

pump and dump at its finest, special after 3:30 edition for the most stupid bulls - lemmings

Wed, 08/12/2009 - 16:02 | 34392 Jeanbon
Jeanbon's picture

Equities care Tyler, the market looks like it has started a

distribution process that could last until End of August, but

I would start to short the rallies. The only danger is, that

we get another head fake, but momentum starts to deteriorate

and also time cycles point towards a top.

 

Wed, 08/12/2009 - 16:09 | 34409 phaesed
phaesed's picture

Y'all are too eager... while I am already short this market it's only through puts. The Fed and the HFT-HK's are out to get you, stop getting in the way. Basically they let it drop, lure you in, let you set your stops and then break out on a light volume interval, hoping to catch as many shorts as possible to add to velocity to break upward to the next level. Just sit tight, it might be another week, it might be another two (doubtful with witching next week and the opposition of Neptune & Jupiter tomorrow and Monday), but the banks aren't done soaking up all the funds of middle class idiots who are buying homes that are falling in value still, so it might be a few more months. Either way, I'll be waiting patiently, not jumping in and getting ticked off when I'm stopped out :)

Wed, 08/12/2009 - 16:19 | 34438 Jeanbon
Jeanbon's picture

on the Euro Stoxx, the Call Put ratio is about 0.4

I dont know how it is in the US. but over here, people start to buy 

every crappy company, we see 10 % moves out of nothing, just

greedy people chasing stocks, with absolute ridiculous valuations.

A smart US trader told me that he believes the S&P will move above

1000 in this rally, so until now, I didn't short this rebound and of course

I can be wrong, but I will have a try

good luck

Wed, 08/12/2009 - 16:13 | 34420 Jeanbon
Jeanbon's picture

..., and maybe if the dollar starts to tumble, the Chinese 

will not be able to support it anymore, with exports falling,

so the problems will arise in another area.

Wed, 08/12/2009 - 16:45 | 34497 Anonymous
Anonymous's picture

The financial bloggers here remind me of the goldbug conspiracy theorists on Kitco. Sitting around postulating and complaining won't make you money.

Wed, 08/12/2009 - 16:59 | 34536 Deficient Market
Deficient Market's picture

But getting the full story will. That is of course whenever it is that fundamentals start to matter again anyway. I might be long gone by then, but so will you from smoking those spray-painted green shoots

Wed, 08/12/2009 - 20:49 | 34515 myspace (not verified)
myspace's picture

What a mess. With moves like these will Ben be able to defend the dollar given that QE will end in Oct?

hat tip to: finance news & finance opinions...http://www...

 

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