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Another Market Levitation Day On Absolutely Abysmal Volume
One look at the MVOLNYE stock volume chart below should explain to everyone involved why there is yet another entirely algorithmic driven melt up in stocks. With less than an hour of trading left, today is shaping up to be the lowest trading volume day of the year!
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So what. Who cares? It's all just a manipulated phony shell game anymore so why would anyone want to buy into that market anymore.
how else am i suppose to pay for bolivian blow and lithuanian hookers? Priorities Brah'
So, you don't believe there's any value in knowing the size of the shell game and its downward trend?
Hell, I've been out of "the market" for five years now, yet I still perceive the value.
hardly a true hard on...
Oh Im definitely not buying into it, just watching this slow motion trainwreck as it plays out. Its now just a 'FED only' club, their game is to keep 401K and pension holders placated till one morning they seize all those assets.
This market: crooked as a dog's hind leg.
more like a pair of frog's legs before getting cooked in garlic sauce.
Mmm...
Might pick up into the close if 1269 breaks on the ES for an old DE Shaw compression play.
May 2010 type flash crash arround the corner?
someone is playing with themselves. stop or you'll go blind. lol
That's just an old wives tale. However it will make your palms hairy. Or is that HarryWanger?
Summer Vacay. Not that anyone below VP takes much of a holiday anyway.
Tyler... I am relatively new here. Around 1 year. You have shown me the light my friend. I knew something was wrong but could not put my finger on it. Until now with your guidance. Thank you.
At the BlowHorn [CNBC], known as "light volume."
But as I have posted many times myself, this is all necessarily part of the absolute destruction of the market's credibility...which will be followed by decimation.
Seriously, I really doubt that the BlowHorn [CNBC] can continue much longer now that the mother goose of crony capitalism profits is not there to flush money down there drain in support of BlowHorn propaganda. Another day of utterly irrelevant coverage.
The market is an absolute joke. Anyone buying this is going to get exactly what he deserves.
So I still may get back in the blue on my S&P 500 & FTSE 100 shorts from 2/9/10 (or 9/2/10 as you would write it on you side of the pond). Uncomfortable but salutary lesson made more bearable from my on going education on ZH.
You almost certainly will get back into the blue on the S&P...but I rather think selling individual stocks is where it is at just now.
Until such time as the SEC even looks at the utter horror show known as the Roach Motel [SPY], index bets are harder...in my opinion.
*cough* CMG *cough*
Ouch. Way to hit my one wound with salt, brother Helluva...you bastage!
Thanks for the response I am finding it difficult to short individual stocks here in the UK and i am hesitant to open accounts in other jurisdictions. I am very new to managing my own money and as the Chinese would say - we are living in interesting times.
each day I am more increduless at the machinations of TBTB to maintian power.
You're struggling to short individual equities in the UK? Open a spread betting account, will let you short just about anything (including foreign equities), with the nice advantage of not having to worry about fx.
Be careful though, easy to get burned if you are new to it.
Thanks,
Getting burnt enough at the moment. Other that the addition of decay in the short ETF's I am comfortable with the risk ratio. not ready for CFD's yet though my broker and others would love me to.
Thanks for the response I am finding it difficult to short individual stocks here in the UK and I am hesitant to open accounts in other jurisdictions. I am very new to managing my own money and as the Chinese would say - we are living in interesting times.
Each day I am more increduless at the machinations of TBTB to maintian power.
Magic is true. This is a real phenomenon, don't be cynics. Free market capitalism = God.
Short big at the close?
We are right under the 11-day and 22-day EMA.
Might be worth it.
If we are wrong, we'll know soon.
Hope thats not the "Robo kiss of death" short ES compression close..... ;-)
based on the economic calendar, I'm going to SOH until Wed.
Yes...sell it.
Sell Netflix...it is about to get poleaxed.
Sell the dumb ass algos that took certain REITs into overbought territory in one session. Talk about stupid. We are talking mentally retarded algos there.
Probably...sell McDonalds...entirely and absurdly over owned.
Sell Apple...as the hedge funds dump it.
you're already short, remember. you shorted with both fists once 1300 broke, or so you brayed. so it's not a question for you whether it "might be worth it." double down if you're man enough to live up to your convictions like silver and gold holders who are all in the physical gold and silver trade, like me.
and there is no "we." it's you and your money.
I am giving the all clear to short away based on 'the longer things remain irrational, and the more irrational they remain so' rule.
It's sort of like the 'whatever goes up, must come down' rule, but it's about 1,000x more potent as that generic one, given the incredible (and incredibly idiotic - unprecedented, really) distortions created by the Bernank's Wrecking Crew (Federal Reserve, Treasury & TBTF Wall Street BSDs).
Every Central Bankster who was thought to be bestowed with special powers has not only failed, but failed miserably, including the Bernank.
I remember when some said the Bernank 'put' would ensure no market crash back in 2007, nor housing crash, nor other unseemly consequences, and we all know how well that Hopium-fueled fantasy turned out. I know people that made FU money taking the other side of that Hopium-Unicorns-PixieDust trade.
This time will be far more epic. Bernanke is claiming that he can suspend or cancel nothing less than the laws of physics.
Good luck to those staking their own money on his alchemy.
i like the short trade, too. no way i go long paper securities around here. too risky.
Bernanke is the self-billed magician who rips the fur off a rabbit in front of a live audience, and tells them that he made it dissappear. [h/t Lewis Black]
Good luck to those staking their own money on his alchemy.
Bernanke Impeachment
i agree, and also i'll second the man who said things are gonna be perfectly miserable in the usa the next two years, or longer.
i don't know about shorting anything, except maybe the robo signers allegedly under criminal subpoena like LPS FNF; but i certailnly wouldn't be long AAPL. that chart looks horrible plus they've turned into something not cool. just a matter of time 'til everyone realizes it.
http://www.nypost.com/p/news/opinion/opedcolumnists/apple_turns_big_brot...
"and there is no "we." it's you and your money."
Robo could be the Cramer of ZH if he only had a following.
you may get something about 1285. but we have hit a temp bottom. maybe short again at 1300. with the put to call ratio so high it isn't going to drop much before options exp!!!. 1320 or so 7/1 end QE? we will certainly break back above this lower tend line, if we break above the upper band of ascencending channel again I don't know. I think that point whould put is right where Mr. markerket wants to be at earnings season.
eventually we get to about 1200, from there I don't know. either break lower trend line, or not. I don't beieve the ppt, will allow that .
I swear, you people need to use speedlines. where things go is already plotted out.
Obama: ATMs are a reason why unemployment is high.
http://www.realclearpolitics.com/video/2011/06/14/obama_atms_contribute_...
So Tyler, what will we ever have to talk about when everything is over and kaput? Collapse in 3..2..1
your tits!
I wouldn't worry about that, there will surely be idiots running around for decades trying to manipulate markets or suppress interest rates etc.
I think we'll discuss...
...hunting elk amongst the ruins of rockefeller center...
...leather clothes that will last a lifetime...
...drying strips of venison on the empty carpool lane of an abandoned superhighway...
we can talk about monkeys..
space monkeys?
monkey riding bicycles..
we can talk about organs..
the bernank's medulla oblongata...
...
owh, he doesnt have one??..
Market can rally 10% on "no volume" like it has last 2 yrs...
...Or 100%. Light vol is BS. Price is all that matters.
Let's [Operation Twist] Twist Again
Jamie, Lloyd, the Bernank, the Dudley, Blythe, Turbo Timmay, Andrew Ross-Sorkin, Jon Hilsenrath - they all love to get into the same bed for a nice twist and tryst together.
For these gentlemen, the cognac, goat, midget, jade statue of moloch, slip&slide and the hookers & blow; all free, compliments of the Rothschilds, bitchez!
There is a widely held theory that money should be taken away from people who don't know how to spend it.
I am always happy when I wake up and hear stocks are down and the corrupt system is broken and cannot be fixed.
Also the financials are underperforming today. This day shouldn't be too reassuring if you are a bull(sh*tter).
"IT IS telling when the company that operates the Irish Stock Exchange switches all of its investments out of equities and bonds and into good, old fashioned cash."
http://www.youtube.com/watch?v=mhKT8YppHLU&feature=feedlik
http://www.irishtimes.com/newspaper/finance/2011/0618/1224299153714.html
The stock market is like pro wrestling, most people
know it's fixed but it's still fun to watch. [ for those
who thought pro wrestling was real, my apologies ]
In the video, which is in German and you all unfortunately don't understand, the guy from the German civil rights group "Alles Schall und Rauch" (All smoke and mirrors) also states, that Jim Tucker's sources told him that Google was funded by the NSA to provide a global tool for early global trend detection, disguised as a search engine.
It has a "dual use", which is a term pretty commonly used in military technology speak.
Google is a Trojan Horse, so big you can't see it for what it really is.
Goebbels' concept of the big lie, the one that Mike Krieger talked about.
On steroids.
All your searches are logged in databases and trends and threat assessments and predictions of future likely mass movements can be derived, including and especially levels and stages and localizations (through IP address backtracking) of RESISTANCE.
"Become the leader in your field,
science, technology, finance, politics, business,
everywhere where you can become a large multiplier, a single point of failure, a monopoly,
we will help you in the beginning, when you need financing,
and then when you have grown big enough,
we will invite you and you will become part of the club,
and then you will work for us and pay back the favour we gave you,
by using your monopoly to fulfill our agenda."
That's how Bilderberg operates and all the other globalist circles.
I knew in April 2009 when the market didn't sell off before the 15th that the Government was trading the market. However it was later determined to be the FED. Either way, it's a bigger bubble with thinner latex holding it together. This pop will go all the way down. Just buying puts or trading short call spreads after market goes up several days in a row.
It usually leaks around the Condom if your Partner is tight enough.
i missed natasha..
double post
at these volume levels the stock market is a baloon (credit bubble) with 17 layers of shellac. Every one knows the game. Nobody knows exactly when it will start outgassing. Note bottom of chart per TDs post.
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3225058&cmd=show[s208587727]&disp=P
SDS, bitchez.....
SDS, bitchez.....
Did anyone see the start of silver and gold trading last night in Asia.....up and down like the computer was screwed up....or testing a new program...vertical lines....about 20 of them..its now all computers..they have destroyed this market...I think we are two weeks away from a big event...the Greek thing does not seem to worry anyone...it worries me...but maybe they are keeping it quiet so as not to scare the sheep...I think the CDS market will crash again...along with the inter lending...same as 2008....but probably worse as no one has fixed the system....we will see in two years the Feds added another trillion or two to the banks..to CTA
When has the CDS market first 'crashed'?
I think he's referring to 2008-2009 when spreads on CDS contracts on banks like Lehman exploded. Youngman is using CDS spreads as a "fear indicator" just like inter-bank (LIBOR, etc.) lending rates.
Yes it looked like a feedback loop. Somebody's bot was off the rails, until they did the three finger salute.
But we can also see this as ..... no supply.
Lots of losses on micro caps and chinese companies today. Few big names holding averages. Oil prices up slightly but OIH down...not good.
I was honestly ready to throw in the towel and eat my losses for the year and walk away from the markets today. There's just no way to beat this machine - why bother playing? I spend a couple of hours a day doing research, looking at numbers, reading the news, coming here to ZH - I do my due diligence. Yet the fucking algos just chug along bidding up pos after pos. WTF. Maybe I just need to give into the borg and buy along with the algos. If they're going to paint the tape, I might as well hold the paint can for them.
Why not treat your shorts as a core position and hedge it. If your confused about which way the market will go, play a little on the other side, it will clear your mind. If you take a small position against your core and you cannot see how it will make money your fear will diminish.
My hedges aren't going up as fast as my core is going down. I'm just pissed off. Tomorrow's another day. My core is August DIA puts - need a better hedge.
Tommoro is another day :), also if your hedges ain't makin money then mabey its because your shorts are going to be :P