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Contrary To CNBC's Persistent Lies, Volume Surges
Another day, another desperate attempt by GE's propaganda branch to keep its viewers disconnected with reality. Case in point: Bob Pisani, who has now said about 100 times that "volume was very low, no bids were hit, etc, etc." The truth: yes to the latter, and a blatant lie on the former. Exhibit A is below, where you can see that today's ES volume was the highest in 40 days! Maybe CNBC can hire an expert and analyze the chart below and advise us what it uses as the source for its lies, pardon, information.
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CSCO tad lite on revs, beats by a penny BUY EM! ...not
Do those people have no shame?
ZH-Tyler: You should become the Jon Stewart/Colbert light shiner "truthiness" on the financial situation. Most people don't access blogs. Get yourself to primetime and then we can get this revolution started.
Tyler Durden does not own a T.V.
I am Jack's unrepentant sell-side TV personality.
Let's not insult Tyler by calling him Stewart/Colbert. They're both leftist guys (yes, Colbert leans left when he's off camera) who get a rise off of insulting the right. At least TD is more apt to call things the way he sees it without his love affair for the left.
But Tyler would have to wear a mask lke the guy on Mad Max Beyond Thunderdome:
"All you have to do is just walk away, just walk away with your lives."
"Just walk away."
James Gang - Walk Away
http://www.youtube.com/watch?v=Z1ZUU8xi7qY
oh thanks, crockett (i know a man named crocket) forgot the
J A M E S G A N G named. now that was a bitchez, TRIO.
I never saw fight club.
i have watched it.
watching and seeing and understanding are very different.
i like the actors. marla Helena Bonham Carter.
the b e s t , ever female actor.
uncomfortable, under statement. don't do violence. well i just wikied it. understanding some references now. need to think again, about everything. thanks for the thumbs up Bartanist
It's a more thoughtful film than you would guess from only a superficial knowledge of it.
Oh, and don't order any of the cream of . . soups, or the clam chowder.
no, i don't do clam chowder for sure, F R E D.
learning, always learning, little touchy feely right now.
comprehension.
i talked to the N A R R A T O R
golden as ever.
Yes I junked you. "I never saw fight club". If ever a post needed to be junked, this it the one.
Oh yeah! Stewart/Colbert are the torch bearers of Truth! Truthiness for all and all for truthiness!
They are hoping someone, ANYONE, comes to their little stock rally-party. People are DONE. Please proceed to the collapse.
SPY almost back to 90 day average volume, 'course it was gap down - Ned
I think it is a condition of their employment to propagandize?
http://gatewaypundit.firstthings.com/2010/08/confirmed-ge-chief-immelt-s...
GE CEO Immelt Scolded NBC Journalists For Reporting Negatively on Obama
Bob is still typing his numbers into Visicalc.
HAHAHAHAHA! Good one!
"Bob is still typing his numbers into Visicalc."
His use of the abacus is legendary.
Thanks for that. My screen needed cleaning anyway. I guess it's true what they say about not drinking and reading at the same time.
SPEW was down 3.13% while SP-500 2.82%. Volume wasn't exactly rocking compared to some of the down days during the early May downdraft, but it was the highest volume day since the end of July. No yardstick is ever perfect, but this kind of volume tells me that plenty of folks who are either much better at reading the situation, or there is a lot of complacency still out there (and plenty more room to drop).
guess that's a thumbs down on Ms. Drury's cleavage coverage.
No cleavage = Market down
Those Soc Gen Quants may be onto something :>
look for a stripper pole tomorrow.
The tight blouse look. So 60's. So Madmen. Someone had words after yesterday's disgraceful peepshow.
The important thing is.....
I saw that Tyler, could not believe my ears. One of the few times I take the idiot channel off of mute is to listen to the crap and spin of these idiots. We are making Russia look good.
And thanks for all you do.
the few times I take the idiot channel off of mute
So it was CNBC that actually had the low volume today.
+1
Per Bob's instructions, all seven CNBC viewers turned the volume down on their teevees.
Isn't CNBC now owned 51% by Comcast?
Comcast just wanted the content, GE still runs show at NBC.
If you owned 51% of a company would you let the 49% stake control things for ya?
He made that call too far ahead of the close. Should be eating crow in 3-2-1...
Seriously, would one expect anything different from "victory for the bulls" Pisani.
Ohhhh....and here comes FOF bobble head, calling for world wide coordinated stimulus. Because we all know Ron that doing the same thing over and over and expecting a different result is the definition of US Fiscal and Monetary policy.
"Trust Me Folks, Gold Is Going Nowhere" -- Bob Pastrami with gold just under $400
see i wouldve never known this because the screen near my desk is muted.
see i wouldve never known this because the screen near my desk is tuned to the Fox Business channel.
I lean on FOX's side of the political fence, but FOX is RETARED at business news.
RANSQUAWK BITCHEZ
You're better off paying no attention to this guy Pissonya. He's the carnival barker outside the freak show telling you about the bearded lady. A known dick.
The bearded lady is hot imo.
How about the chicken lady?
First post here ever. Be kind to the noob please. So, Y, I was watching and he was saying stuff like 'low volume', 'no bids', 'bidders dried up', etc. So what are we saying? just another HFT selloff day?
In past articles we saw massive runups in the last 30 minutes on no volume - I don't really understand that phenomenon. Another function of HFT I suppose.
The CNBC statements were false. It was their attempt to dismiss today's crash as an anomaly. They want you to believe you should not run from the market, rather buy and hold. Do not believe the economy is bad, rather buy into it.
These are ploys by Wallstreet to take your money. Dont fall for it.
edit: clarified CNBC is trying to fool you.
HFT algos hide in silicon holes on days like today.
a) they can't ramp bids, if carbon based units are selling.
b) they aren't allowed to 'lose' real money.
Thanks 'fer askin'.
Low volume indicates a lack of conviction in a movement, whether up or down. Also, when volume is actually low, a small number of monied actors (CBs, HFTs, etc.) can influence significant market moves either way. The "no bid" talk refers to the bid and ask prices. Buyers bid, sellers ask. No bids = no buyers.
As pointed out in this article, Pissant was attempting to pimp the no volume line to convince viewers there was nothing to worry about, and today's move was just a fluke.
Thanks! The low volume / manipulation makes sense to me now. The pumpers were def out today.
I am still trying to figure out why Jeff Immelt is not in jail for violating Sarbanes-Oxley.
What the fuck is this, some kind of a communist clique that you can't take criticism? I'm calling this bullshit, Tyler, because you know well CNBC is no longer controlled by GE. Comcast is the main shareholder right now. They may be crap and manipulate the market place, but it doesn't mean GE is doing it. Get your facts first.
Au contraire, mon friere.
At 49%, significant control exists and Jeffery can still call up any CNBC funky he wants to and they'll crap their pants.
You don't have to trust me on it but it is what it is.
Show your work Chuck; that deal has never been completed.
Exactly. Both you and turk beat me to it.
CNBS has two experts on board the propaganda machine, Steve Liesman and this Chuck Mentzel wizbang.
Maybe the Comcast boys got the invite to the Bohemian Grove Bash this year, and they're all on the same team now?
Bob Pisani is a complete and utter douchebag.
It is the nature of the human species to reject what is true but unpleasant and to embrace what is obviously false but comforting.
H.L. Mencken
AI-(I hope you are carbon-based):
That's the value of ZH. We attempt to overcome human nature through (electronic, sometimes intellectual) ... er ... interaction (not combat). Takes individuals who are a) sensitive enough to perceive self-flaws, b) confident enough to express views, and c) tough enough to interact.
Entertainment value++;
- Ned
Rofl, I didn't think cnbc knew what volume was!
Isn't this all we need to know about volume?
NASDAQ VOL* (MIL) 2,258 +10.76% +219
NASDAQ* 2,208.63 -3.01% -68.54
NYSE VOL (MIL) 1,070 +14.60% +136
DJIA 10,378.83 -2.49% -265.42
S&P 500 1,089.47 -2.82% -31.59
right now on CNBC.com they've removed the video that links from "US Should Stop propping Up Housing : Santelli" on its main page
Gary-
I saw that the Santelli video was missing there too, but a friend sent me a link- the video is still up. Here it is:
http://www.cnbc.com/id/15840232?play=1&video=1564239366
Thank you for that one.
Gracias!
That volume is for the emini SP futures and not for listed stocks.
Correct. All the volume is now in ETFs (SPY) and or derivatives. The market is one big synthetic representation of itself, in other words, the biggest CDO in the world is now the market itself.
thats not bad for us ...find the TREND and place ur bets.....thats easier than finding the right stock
Tyler, i tried calling you this afternoon.
http://4.bp.blogspot.com/_H2DePAZe2gA/TGMsUC7i9nI/AAAAAAAAOKM/9Jl_GGJA-oE/s1600/volume.png
Piss-on-he is an idiot. Anyone notice on Squawk early that Santelli said " we found out (down here in the pits) they aren't going to buy the 30-year... BUT SOMEONE HERE SURELY HAD THE IDEA..." (well -connected I would guess)
Bob "no volume, so don't worry" Pissani never mentioned his "low volume" concerns on the melt - up days. CNBS would be absolutely useless if not for Santelli's rants and beatdowns of Steve "the Fed is God" Liesman.
Come on, Bob's a decent guy. With HFT taking over 70% of the market, Bob is giving a guage for the other 30%, the real investor trading as opposed to the fucking video game ...