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Attempt To Topkill Stock-EUR Correlation Suffers Massive Failure, Resulting Sewage Floods Permabullish Pundits
The attached chart demonstrates conclusively (and hilariously) just how impotent stocks are, especially on days when even the Liberty 33 crew is in Long Island, in every attempt to break the magnetic EUR correlation. The attempted decoupling that started around 2 hours prior to the close, in which stocks were praying that the EUR correlation desks would follow into the close and just melt up following Atari's cavalry charge into the weekend, broke with 5 minutes to go, as stocks ended exactly where the EURUSD said they would, and very much the opposite of where Michelle Caruso-Cabrera and Bob Pisani were hoping they would (which would be relevant if the pair actually had any credibility still left to be torn down).
Also, on the chart below, note how every time there would be an uptick in the EURJPY, stocks would exagerate the move by a factor of 5. It appears the HFTs are now flatly losing the game. Last but not least, 5 minutes before the close, Goldman's Joseph Cohenites released a hike in their S&P EPS estimates for both 2010 and 2011, from 76 to 78 for the first, and from 90 to 93 for the second. Again - failure.
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http://4.bp.blogspot.com/_HHU05_zo3Pw/ShV5XIZw2zI/AAAAAAAAAdg/CPDO_TW8iN...
FAIL
"...and very much the opposite of where Michelle Caruso-Cabrera and Bob Pisani were hoping they would (which would be relevant if the pair actually had any credibility still left to be torn down)."
Ha, "the pair" would be an appropriate handle for MCC all by her lonesomes.
Bob does not have a pair.
Michelle does, though.
YOWSA!
At lunch they had 4 or 5 boxes going and all but MCC were involved in the conversation. She just sat there and made pouty lip gestures and stuck her chest out once she realized she was on camera.
MCC reads ZH and is bummed ROBO doesn't find her attractive. She is so fucking stupid that all she has left is her tits.
So my contribution at 2:22 am is that MCC STFU permanently. She may have a set of balls but they are used to shut people up with intelligent things to say. She needs to get into a little red car and drive off a cliff into the Hudson and do us all a favor.
"is that MCC STFU permanently. She may have a set of balls but they are used to shut people up with intelligent things to say."
Agreed.
I found myself walking by the TV yesterday...and was suddenly transfixed (mouth agape) by the this bit of nonsense from her;
"I find this word "austerity" so, anticeptic. I mean, what they should say is we are cutting your pay, cutting your pensions, cutting your unemployment..."
She really has no clue as she sits there day after day with her head bobbing up and down like some toy dog in the back window of a car.
http://www.youtube.com/watch?v=DgX3_Y-0cz0
They don't get it, do they? The longer they hold the stocks at such ridiculous valuations, the more shorts will pile in and the more money they will make. The tide has turned, everyone stupid enough to buy has bought already and the bears are in control now.
never mind all that noise, i plan to forget the market and watch movies on my ipad via my new netflix subscription. by monday, having watched any movie i care to see, i will likely churn out given that the fatigue factor will likely accelerate with the capability to download unlimited movies.
OT - Just saw on Yahoo that (2) more volcanoes are erupting in South America, more ash !
People should be aware that we are still in the midst of a CME event.
I don't think anyone has mentioned it, at least here.
http://beforeitsnews.com/news/49/619/One_billion_ton_blast_from_the_Sun_...
Coronal Mass Ejection = GeoMagnetic Activity
I've been waiting for Katla to blow for a day or two now on this news, we'll see if this gets'er done.
Coronal Mass Ejection
It can't hurt most Amerikans...They don't believe in science...
Or SFS (Stupid Fuckin' Scientists)...
It is only AlGore who refers to people who make up the data as Scientists and then defends them.
Buy solars!
Now that is just ignorant. If there are eruptions of magnitude in SA then we have no summer.
... the CME blast hit Earth on the 27th, and I believe most of the radiation has now passed.
Thanks, Van Allen Belt!
Planet X on schedule..??
Is it possible volcanic ash eats oil. Maybe a "HAARP-Shot"
Sounds like the top kill and junk shots have failed. BP will be required to wait until Barry O'Potus has left the scene before they announce the failure, so as to not stain the President.
The disclosure statement for this Whitehouse should read, "Long blame, short responsibility."
They wont say anything until after Memorial Day because they do not want people gathering the BBQ & Pool talking about the failure but it has failed. More politics and games as evident by the "We will know in 48 hours". Trust me they know now.
They would of been better off contracting in Procter & Gamble.
At least they have idea of how to stem flows with there products......
Tampons are only a temporary solution, they have to be changed.
I was quite surprised there were no opportunistic photo-ops of Barry scrubbing any oil-covered birds.
That's the money shot, I'll tell you what.
Uh-huh...
Yup...
News out about an hour ago of Volcano's erupting in Ecuador and Guatemala
Katla will complete the trifecta. How did you wager?
Maybe mother earth is trying to "top kill" us.
She had better be quick since we are rapidly trying to "junk-shoot" ourselves.
God's reset button, Nibiru is making it's once every 3,600 year(s) visit soon. Everything else is just a distraction.
Wow...I think that is the first mention of Nirubu here. Myth or fact. Who knows?
There's an old man in my town who stands at a stop light with a "Jesus is coming, Are you ready?" sign. He stands there ten, twelve hours a day. I've seen him stand through blizzard conditions. I used to think he was nuts. Now I think I had better go have a talk with him and find out what he knows.......
Pucaya:1 Reporter: 0
The mighty EUR, only "god" himself can slay the beast!
My financial advisor has been saying since 2007 that there is no need to worry because the markets ALWAYS come back...he just failed to say where they would go back to.
Your investment advisor must be well educated, tall, handsome, sociable and completely clueless.
A couple of fuckin clowns were dragged out on Good Morning America (not that I watch the dross, it was just kind of playing in the background when I woke) on Tuesday or Wednesday, encouraging the sheep to "invest in equities for the LONG term, as NO OTHER asset class will EVER give you the return equities will"
They were actually advocating equities over CD's/cash ("no return at the moment", obviously neglecting the fact that "principal" is "return" in our deflation), I couldn't believe these idiots. I wonder how much responsibility they will take for the shearing the sheep will receive in the next 12mths?
I think the sheeple are smarter than that given the mutual fund withdrawals of the last few weeks.
At least Dennis Kneale will lose his retirement. God speed, S&P 300.
Damn. chickened out on the short position with 10 min to go, sold a teeny bit too soon for max gain but a nice little trade overall nonetheless...
Incredibly, the big banks all made money today. How did *YOU* do today?
(I got my face ripped off by BP)
Any one know if Liberty 33 was/is on the losing side of all those trades in the first quarter when the bankstas had a perferct trading record? Does the Federal Reserve release the profit/loss from their trades? Anyone know?
HAHAHAHAhahahahaha
This is probably a pretty accurate take. This cartel must be smashed.
Nothing says 'broken' like a sawtooth chart.
ok, i did not notice this before.
can anyone tell me what this:
http://www.google.com/finance?q=INDEXEURO:.FCHI
means? the huge dip looks like freaking flash crash 2.0!
Fat finger?
Fat yellow middle finger?
Def a fat middle oil soaked middle finger.
I was watching that in amazement. The euro was sitting on the cliff not moving, while the bastards were setting the trojan horse in place for the slaughter.
3 words -- ABBEY JOSEPH COHEN!! 2 more words - man"doo"
Actually, stocks tanked the instant the news about Gary Coleman hit the wires. Mr. Drummond is obviously head of PPT, and he was understandably unavailable this afternoon.
HA!
katla is the favourite for next volcano to blow
http://www.paddypower.com/bet/novelty-betting/novelty-bets/Weather/Next-...
The other day someone posted info on another Icelandic volcano: Laki. When Laki blew in 1783, it became "the year without a summer" and there were crop failures all over the world. People in the British Isles (Scotland and Ireland perhaps) were killed by poison gas (probably H2S).
Imagine if AAPL hadn't been pumped endlessly day and night with targets upped by everyone to $1M+ per share, the market would have really wobbled.
Our whole entire economy in the hands of a gadget maker. This is what it's come to.
Harry, i am concerned about that kind of talk out of you. Feeling OK? We look to you to provide the..., well, ...other point of view. You know, the all-is-well-you-ZHers-are crazy-endless-bull-market stuff. We need balance.
Remember Wanger's "experiment"? This is evidently Phase 2.
LOL. Stage II. This is what I was thinking. He wants to see how long it will take the jaded ZH'ers to welcome the new HW. I enjoy HW's more rational viewpoint, but I have a long memory.
Trolls are collectibles. Wangers are not.
Somebody check Harry's basement for pods, please. Not iPods, I mean Invasion of the Body Snatchers pods.
Stop it harry! You are freaking me out.
One more bearish line from you and I'll go long with everything I've got
................... left after aquiering a bunker, canned food and shitloads of guns.
Whoa! Wait a sec... you are not on the opposite end of my AAPL trade anymore Johnny Bravo? Crap! I've got research to do this weekend.
Harry i believe you transformed into ZH gold bitches like us.. wellcome.
By the way the Shalom's new name is the Goblin in chief.
Fail...the epicness of it and.........
The horror...the horror....
How many times do I have to say it: Bob Pisani is a douchebag.
3.2633 usually works
Holy shit! I thought I was going to rip the TV off the wall. I really wish Tyler would post Pissant and Caboose Carrera ranting how "we are going to close green". All the while the EURO was getting crushed.
This cannot just be bad reporting. These people have an agenda. These same morons where all yelling SELL at the top of their lungs at Dow 7000.
Amazing ass clowns on CNBC
Ha ya i saw that.
Then, when it DIDN'T, that dumb bitch comes up with 'You see folks, thats why we're not forecasters but just newscasters'
MCC, you might as well be on Naked News... anywhere else youre a waste of space.
Interesting EURO chart :
http://stockmarket618.wordpress.com
http://www.zerohedge.com/forum/latest-market-outlook-1
Actually the indices correlate with usd/jpy since atleast a month. Usd/jpy is the leading pair. This is good to know, because you can earn a lot of money using arbitrage.
You're being too harsh on MCC. I find her better than most on CNBC. She nails a guest using talking points by demanding a yes or no. She is attractive and statuesque, and didn't need that eyelift a year or so ago. On assignment in Latin America, she looks damn good sweating and without studio makeup. She is extremely intelligent and bilingual about So. American foreign affairs, and her reporting down there seems on point. The last Venezuela report case in point.
The carry trade is a place to park, however the 10 year looks like a better bet.
As if Japan was a safe haven.
B.S.