This page has been archived and commenting is disabled.
Cumulative ES Volume Now 25% Below Average
No fundamentals driving the market, just robots correlating tick for tick with the EURJPY. Exhibit A: cumulative ES volume is now 696k contracts below the 2.654 mm average through this point in the day, or 25% lower. Look for volume to pick up as a recently decoupled DJIA catches up with the S&P.
And here is where someone lost patience with this directionless market and took a sizable dump.
»
- 5283 reads
- Printer-friendly version
- Send to friend
- advertisements -
So it all really boils down to who's debt China will buy.
Please pick me, please please pick my debt. I have a very nice mortgage on a 3 year old single family home that I plan of defaulting on within 3 months. Please China, buy my debt.
Pretty please with ice cream on top? With sprinkles and a cherry?
PPT better get busy! Market approaching lows of the day...at 3:25, no less.
I would get short the EURO tonight folks, she is going under 1.21 with a vengeance.
The pumps have to sleep at some point.
I'd like to get under this with a vengeance, too
http://wastedcelebrity.com/wp-content/uploads/2009/03/kim-kardashian.jpg
This coincides with market rolling over. Hot War beginning?
http://www.breitbart.com/article.php?id=CNG.984c60f1f6d018375cbcf93436d3...
I don't think the market has noticed that yet. Tonight will be intersting though.
http://www.haaretz.com/news/diplomacy-defense/palestinians-three-killed-...
I wouldn't read too much into this. The article says Lebanon "rarely opens fire unless the planes fly within range of its guns." So if the planes were within range, anti-aircraft fire would have been the expected response. If not, it was a meaningless gesture. Probably they just felt like shooting at something even with no chance of hitting it.
Hmmm- maybe not - maybe the PPT is offline - why? Because there is now a good excuse for why the mkt sold off - why the oil spill of course. So may as well take the opportunity to bleed equities some. No one will blame wall street of the Fed - no - its because of the oil spill!
From what I can determine, these constant currency interventions are really losing there gusto. Last few times they gunned the Euro, it was what, 12 hours or som before the effects wore off and the decline resumed.
It's to the point where interventions are good for a three hour nut job, before the decline resumes. Did they not know that eventually they may have little to no effect at all?
I love it when central bankers shoot themselves in the foot, or in this case, blow their foot right off.
Did anybody already notice that a lot of financial blogs like finance google and yahoo are almost without posters? I think that there are a lot of retail investors going for cash
I don't know about Yahoo, but Google Finance commentary is usually pretty low quality. Maybe they go bored and found some other way to be asses.
I talk mostly yahoo, like a month ago you had news posts every second, now posts sometimes stay on top that are 1 or 2 hours old.
Or they are going or they don't know what's happening and are frozen like a deer looking into the headlights of a truck.
Magic Markets... no volume required.
Yep, and how much of the daily volume is made up from the machines?
most of what's left is conjured imo.
Market will take off after Friday's monster jobs report. This drip action is a setup to shake out weak hands. Keep buying the drips...errr...dips! LOL!
Here, Leo. Will this be the source of your "monster" jobs report? More bogus census "jobs"?
http://www.nypost.com/p/news/business/two_more_census_workers_blow_the_O...
Sounds like Joe is helping the BLS with their numbers...
Ya like that manufacturing number? That helped for a couple hours.
Hey, Leo, sometime I'd like meet you, tear off your head and skull fuck you. Unfortunately, my dick's too big to fit. And I'm hung like an infant.
People still buy stocks? But who do they sell to?
How about a nice game of Tic-Tac-Toe?
Global Thermonuclear War, Mr. WOPR
only the rats and cockroaches survive...roaches the size of a rats and rats the size of big dogs feeding off burned off flesh
weeeeeeeeeeeeeeeeeeee! guess we hit the big down part of the ride
Take it down hard boys. Here some volume to the downside. Should have read Yahoo Finance's news this morning, Everything was rosy I wonder what happen?
negative news are not allowed, but the question is can the robots and terminators continue the market game forlikeever? that would be soo kewl
the real stimulus would then be printing gazillions of money and dropping it from helicopters across the country and pass a law that every citizen has a right to like a full case of cash once a month, that would get the economy going (at least till the chinese flip out)
Our new 2010 vocabulary lesson of why now is such a wonderful time to buy stocks
Kick the can down the road
blowout preventer,tar ball, oil plume,oil rain
turbotax Tim Helicopter Ben Vampire Squid
Teaparty green shoots, fat finger,
cds, hft, tarp, hamp darkpool
Never mind events in Iraq, Afganistan, Iran, Pakistan,Korea, Israel, Mexico,Palistine,
Health reform,Financial reform,SEC reform,drilling reform,GS,BP,RIG, HAL
ANd the populist mood in Greece, Iceland , Ireland , France,that burning city in Asia nobody is even talking about a week later, Spain?
26million Unemployed/307million=25% can you say 1932?
Change we can believe in___ alright already I get it..........................
Nice close, we had more volume at the end of the session Tyler?
Yes we did
Volume on a down day?
Does a bear short in the woods?
Josh Lipton over at Minyanville says Tech Execs are bailing out...
Corporate Insiders Sell Out of Tech
The corporate insiders working at our country’s big Tech powerhouses noodled on their own stakes in the companies they run and made a decision in May: time to sell.
Alan Newman, publisher of the Crosscurrents newsletter, recently checked in on the top issues comprising the PowerShares QQQ (QQQQ), an ETF that tracks the Nasdaq 100. Holdings in the exchange-traded fund include Apple (AAPL), Microsoft (MSFT), Google (GOOG), Oracle (ORCL), and Intel (INTC).
The last time Newman checked was back in January 2009, he says, and the NASDAQ was already well on the way toward the bottom, down 41% from the 2007 highs
Okay, so what’s it like now?
Worse.
http://www.minyanville.com/businessmarkets/articles/etf-josh-lipton-tech...
Looks like the pumps did a reversal and pumped out stock. Tomorrow's European trading of the Euro is going to be interesting.
What a bogus market...sell hard at the close, scare the weak hands right before the MONSTER JOBS report on Friday. Too frigging predictable. By the way, all you doom & gloomers who don't see fundamentals improving should go read the latest ISM report. Pay attention to New Orders, Production and Backlog of Orders. Even Employment is growing. The small dip in Inventories is because manufacturers can't keep up with demand so they're taking stuff off shelves. Wait till Friday morning...MONSTER JOBS report...500,000+ in payrolls. We are going to turn the corner here in a huge way.
HarryWanger is spelled "kolivakis" in Greek.
You are fun!
Please go read www.usdebtclock.org/
and stop spamming!
Why are they going to include blow jobs at massage parlors in the birth/death model?
Funny how it wasn't a bogus market when it ramped at 3:50et every day for 9 months. Make sure the printer has plenty of ink to print out your margin calls the rest of the week.
You forgot to tell me to sell in May and go away. -:)
don't let your ego, become more important, than your future
just go away would be fine
Leo - I hate to tell you this - but you really should just stick with advocating Chinese solar stocks. The fundamentals still stink, despite the ISM report, and you of all people should know that this supposed improved economy happened thanks to Barry and 2 trillion of our tax dollars.
You conveniently forget to mention a huge chunk of that job growth occurred because the Federal government hired temp workers (read: Census) on our dime.
Why can't they keep up with demand?
a) Because they can't hire fast enough
b) Because they can't afford materials
c) Because they can't get CREDIT for b & c
d) all of the above