Bangladesh Plunge Protection Team Arrives, Stock Market Rises 15%

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Tue, 01/11/2011 - 08:27 | 866720 onlymyopinion
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The Bernank is turning BTFD into a global phenomenon!  It helps though that the world (contrary to what many believe) isn't coming to an end any time soon.  Global economy's IMO are recovering but at a slower pace than the US.  Q4 earnings will continue to confirm this.

Tue, 01/11/2011 - 08:49 | 866753 Boilermaker
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ZH needs to introduce an 'ignore' button STAT.  Even Yahoo has it.  It can't be that difficult.

Tue, 01/11/2011 - 08:55 | 866760 SilverIsKing
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"Global economy's IMO are recovering but at a slower pace than the US."

Seinfeld?  You sound so much like him.

Tue, 01/11/2011 - 09:02 | 866766 EvlTheCat
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Harry you changed your avatar.

Tue, 01/11/2011 - 10:27 | 866930 Judge Smales
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I wonder if Harry Wanger did well today. I understand he was long Goat Testicle futures in Bangladesh.

Tue, 01/11/2011 - 11:52 | 867106 thinx
thinx's picture

Bangladesh has a stock market?  Did they already solve their famine, flood and social problems?  Does the Squid run their central bank too?

Tue, 01/11/2011 - 13:18 | 867353 Strider52
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"A day after Brian Sack was rumored to be seen tweaking the Bangladesh stock exchange's 3 16 MHz 286 High Frequency Trading machines..."

ROTFL. Good Stuff Tyler, made me smile!

Tue, 01/11/2011 - 08:28 | 866722 AUD
AUD's picture

The protesters who burnt their stock certificates are sure looking the fool now!

Tue, 01/11/2011 - 10:03 | 866879 malikai
malikai's picture

Yup. They should have bought the fucking dip.

Tue, 01/11/2011 - 10:05 | 866887 Rodent Freikorps
Rodent Freikorps's picture

Maybe they mistranslated it as Burn The F'kin Dip.

Tue, 01/11/2011 - 08:33 | 866727 EscapeKey
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Who wants to invest in my CPU generated random walk stock market?

The random number routine is based upon the Mersenne Twister. I promise, if it plunges more than 10% in a day, I will fudge the random numbers.

Base investment is 1,000,000 Shrute bucks. In keeping with the John 'Bernanke' Law principles of sound investing, you can pledge random walk equities to borrow more Shrute bucks.

Tue, 01/11/2011 - 08:50 | 866754 weinerdog43
weinerdog43's picture

Who wants to invest in my CPU generated random walk stock market?

Oooh!  Oooh!  Pick me!  Pick me!  Oh wait, I forgot.  I've got to BTFD.  Please let me know when you're down 10% or more.  Thanks.

Tue, 01/11/2011 - 08:39 | 866736 UnRealized Reality
UnRealized Reality's picture

what is BTFD?

Tue, 01/11/2011 - 08:40 | 866737 EscapeKey
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buy the fucking dip

Tue, 01/11/2011 - 08:44 | 866741 SAME AS IT EVER WAS

What a fucking joke!

Tue, 01/11/2011 - 08:45 | 866743 UnRealized Reality
UnRealized Reality's picture

thank you

Tue, 01/11/2011 - 08:48 | 866747 Boilermaker
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But...I don't understand.  The 'circuit breakers' went off yestday on a <10% plunge.  Yet, today, the 'circuit breakers' didn't trigger on a 15% surge?


Tue, 01/11/2011 - 08:54 | 866756 TheGreatPonzi
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It would mean there is a permabull bias in the Stock industry? Impossible.

Tue, 01/11/2011 - 09:04 | 866771 EscapeKey
EscapeKey's picture

-9% = irrational exhuberance.


Tue, 01/11/2011 - 10:05 | 866885 spanish inquisition
spanish inquisition's picture

Circuit breakers to the upside only trigger when the wrong people are making money

Tue, 01/11/2011 - 09:11 | 866779 Id fight Gandhi
Id fight Gandhi's picture

Guess it's cheaper to have the government there buy the market than pay for riots or be over run.

Healthy marketplace.

Tue, 01/11/2011 - 09:30 | 866811 Oh regional Indian
Oh regional Indian's picture

boilermaker, pretty obvious that we are in some inverse gravity universe now, no? Good news is good news and bad news is no news or good enough news.

Asian markets are more overtly rigged than western ones (well not anymore it seems, but sure used to look that way).

Even on a small bourse like Bangladesh, can you imagine the profits made by those in the know?

Simple and funny and weird too.


Tue, 01/11/2011 - 09:06 | 866763 EvlTheCat
EvlTheCat's picture

Who would have thought sheep herding was a spectator sport.  Anyone wonder how much the U.S. could get if we started rioting in the streets on a 2% dip?

Tue, 01/11/2011 - 09:00 | 866765 scratch_and_sniff
scratch_and_sniff's picture

too funny...basking in rediscovered wealth effect lol.

Tue, 01/11/2011 - 09:03 | 866769 Rodent Freikorps
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How many dollars does it take to buy a 15% jump in the Bangladeshi stock mkt?

Tue, 01/11/2011 - 09:14 | 866782 TheGreatPonzi
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More than many here think.

There is 50 billion USD of market cap on the DSE.

Today's bounce has been bought by the government and the banks (the same entity).

Tue, 01/11/2011 - 09:17 | 866788 chindit13
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We hold these truths to be self-evident:  all markets are created equal.

Let the word go forth from this time and sales, to bull and bear alike, that the debt has been passed to a new generation---born in this century, tempered by our excess, undisciplined by an easy and forthcoming Fed, proud of our future debt burden---and unwilling to witness or permit the slow undoing of those price levels to which this Nation has grown committed, and to which we are committed today at home and around the world (even in Bangladesh).

Let every trader know, whether he wishes us well or ill, that we shall pay any price, bear any debt burden, meet any margin call, support any price, oppose any crash, in order to assure the survival and the success of the eternal international Ponzi.

Tue, 01/11/2011 - 09:40 | 866828 Oh regional Indian
Oh regional Indian's picture

Hahah Chindit. Awesome!


Tue, 01/11/2011 - 09:56 | 866860 SAME AS IT EVER WAS

And the great lord looked down upon us on this fine morning and said, let there be bull.

Tue, 01/11/2011 - 09:27 | 866803 plocequ1
plocequ1's picture

Those two POMO dudes must have a hotline. I beleive its known as the PDHL (POMO Dude Hot Line ). Available 24/7. Sort of like Geek Squad

Tue, 01/11/2011 - 09:25 | 866806 Yardfarmer
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Many investors in the Bangladesh's Dhaka and Chittagong exchanges are individuals with modest means who have taken out large loans to invest in shares to improve living standards.

Individual investors numbered fewer than 500,000 in 2006, with the number since rising to more than 3 million.

"The income from share trading helped to run my family, send my children to schools and meet other requirements," Raqibul Haque, a small investor who funded stock purchases by selling his wife's jewellery, told Reuters.

now doesn't that sound familiar

Tue, 01/11/2011 - 09:26 | 866807 loup garou
loup garou's picture

Ka-ching, you cowards!!   lol

Good stuff, TD

(National Lampoon’s Bangladesh Vacation)

Tue, 01/11/2011 - 09:37 | 866822 YHC-FTSE
YHC-FTSE's picture

16 MHz 286 HFT machines! Whoever wrote this, many thanks! Haven't laughed out loud like that in ages. My very first PC was Epson PCAX2 (286, 16MHz) and cost almost as much as a car with Sage A/C installed.


I've been hearing murmurs that retail is coming back to equities after all these months of leaving the market to the Fed and the Open Market Ops. May be all that false advertising in the MSM is beginning to pay off? Or are the rumours false?

Tue, 01/11/2011 - 09:59 | 866866 SAME AS IT EVER WAS

Right on schedule.

Tue, 01/11/2011 - 10:01 | 866875 malikai
malikai's picture

They should have bought the fucking dip instead of beating up cars.

Tue, 01/11/2011 - 10:06 | 866889 RobotTrader
RobotTrader's picture


This is only going to cause more maniacal speculation over there once some of the brave plungers start bragging on how they "made their year" in one day.

Never underestimate the gambling fever soon to infect Indians, Chinese, etc.  Imagine how high stocks can go once 2 billion rabid gamblers enter the world's stock casinos.

Tue, 01/11/2011 - 10:18 | 866904 plocequ1
plocequ1's picture

Junk minus 1000. I got ya covered

Tue, 01/11/2011 - 10:57 | 866986 b_thunder
b_thunder's picture

man, would that be a windfall for Goldman and other banks and their pro-trading proxies in PRC!   they'll take 2 billion to the cleaners faster than they did it to a few million gullible .com "investors." 

ok, PRC has reserves to pump the market, but other ponzi-countries?  not so sure


Tue, 01/11/2011 - 10:57 | 866987 buzzsaw99
buzzsaw99's picture

The finally got the memo from the bernank that it's okay, everyone rigs the market.

Tue, 01/11/2011 - 11:24 | 867049 asteroids
asteroids's picture

I see Thor's hammer. Down, then Up, and then a big smash Down. Rinse and repeat.

Tue, 01/11/2011 - 12:50 | 867282 cougar_w
cougar_w's picture

This was an obvious move. Someone steps in and buys up the market for a day. The bottom will fall out tmrw or the next day on profit taking and margin calls (ie, your rich Bangy uncle saying "pay me back you luzer or I break your knee caps"). 

Tue, 01/11/2011 - 14:10 | 867503 jmc8888
jmc8888's picture

Nah we'll probably see +/-20-30 percent swings daily at the max.  Of course pure speculation, but something like that in spirit, I'd suspect (guess).

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