ES Closes Green At 40% Below Average Volume

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Thu, 06/03/2010 - 16:11 | 392612 lsbumblebee
lsbumblebee's picture

And gold was hammered just ta learn ya not to buy any of that rot.

Thu, 06/03/2010 - 16:16 | 392621 mephisto
mephisto's picture

Its fear of payrolls day, when the pit can use the cover of the higher volatility to take the market down. December09 was about a 4% drop if I remember. Haven't seen it that blatent since the JP manipulation became public, so it should be significantly quieter. I hope.

Thu, 06/03/2010 - 16:30 | 392654 lsbumblebee
lsbumblebee's picture

If they needed this takedown of gold today then they must be terrified of tomorrow's employment report.

Thu, 06/03/2010 - 16:27 | 392649 homersimpson
homersimpson's picture

Whatever, Ben. Don't you have more money to print?

Thu, 06/03/2010 - 16:37 | 392672 unwashedmass
unwashedmass's picture


actually, the Comex boyz have their nuts caught in a demands are over the top.....and..

they don't have the gold....pounding it down now might stop further demands....

and its punishment for everyone who has the balls to buy gold & silver.....and HOLD ....not sell it back to them at a discount.



Thu, 06/03/2010 - 16:59 | 392705 johngaltfla
johngaltfla's picture



I got toasted. My $325/oz. investment fell $20 today.


Help me!


(Of Course that was $325 in 1999-2001)

Thu, 06/03/2010 - 16:12 | 392616 Joe Shmoe
Joe Shmoe's picture

This video is a brilliant and classic articulation of what's going.  Please watch:




Thu, 06/03/2010 - 16:14 | 392619 equity_momo
equity_momo's picture

Total desperation stick save today - i say stick save in that its not been since 1170s that we have had back to back green closes.  They badly wanted that before NFPs +quadrillion fix tomorrow.

If theres big vol tomorrow , you know what color its going to be.

Thu, 06/03/2010 - 16:18 | 392628 faustian bargain
faustian bargain's picture

I dunno, I bet there's a lot of dumb money waiting for the (un)employment numbers, and it could go either way based on that. What exactly the dumb money is expecting, I don't know.

Thu, 06/03/2010 - 16:24 | 392641 bingaling
bingaling's picture

Well bloomberg is already doing damage control - CNBC wont be far behind with a similar bullshit story

Thu, 06/03/2010 - 17:43 | 392761 equity_momo
equity_momo's picture

The dumbdumbs are expecting a big beat , even goldmans think 6 handle , market is primed for 7 handle.


Thu, 06/03/2010 - 16:15 | 392620 RobotTrader
RobotTrader's picture

Just to show how desperate the fund managers are....

Note how virtually everything that is going down is getting sold en masse.

And all that money is being piled into the few stocks that are going up.

That's like all of Hollywood suddenly becoming infatuated with Jennifer Love Hewitt because she's the only one left with a flat stomach, toothpick arms, and large natural breasts...


Thu, 06/03/2010 - 16:25 | 392643 Leo Kolivakis
Leo Kolivakis's picture


I can't wait for you to start posting again. Notice some retail stocks popped today:

Thu, 06/03/2010 - 16:27 | 392647 buzzsaw99
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That's like all of Hollywood suddenly becoming infatuated with Jennifer Love Hewitt because she's the only one left with a flat stomach, toothpick arms, and large natural breasts...

and an huge cellulite ass.

Thu, 06/03/2010 - 16:33 | 392662 Cursive
Cursive's picture

Aw, Buzz, you beat me.  I was busy finding a few links.  BTW, is that head in your avatar munching on the remains of JLH's cellulite?

Thu, 06/03/2010 - 16:29 | 392653 Cursive
Cursive's picture

Yeah, but don't you remember that flap about her "fat" "cellulite" thighs/ass.  Not that Cursive minded.  No offense to Mrs. Cursive, but I could show JLH a good time.  :D

Anyway, happier times for JLH:

Thu, 06/03/2010 - 16:55 | 392696 buzzsaw99
buzzsaw99's picture

The camera never goes below the hips on her for a reason.

Thu, 06/03/2010 - 17:01 | 392710 Cursive
Cursive's picture

After the infamous "unauthorized" swimsuit pics, she probably had her agent put this stipulation in her contract.  Funny, I never thought of her as an iceberg woman....

Thu, 06/03/2010 - 16:31 | 392658 homersimpson
homersimpson's picture

No way in hell those things are natural. Probably "all natural" like high-fructose corn syrup..

Thu, 06/03/2010 - 16:51 | 392689 Muir
Muir's picture



(And on the other side of the trade...)

Thu, 06/03/2010 - 16:55 | 392695 LoneStarHog
LoneStarHog's picture

So there is no INFLATION, huh?  Sure hope that DEFLATION does not hit.  In fact, it sure looks like the beginnings of hyperinflation!!!

Fri, 06/04/2010 - 01:10 | 393809 Hephasteus
Hephasteus's picture


Thu, 06/03/2010 - 16:17 | 392624 Joe Shmoe
Joe Shmoe's picture

Yeah, and if you think you're so fucking smart, try to out argue this guy:

Thu, 06/03/2010 - 16:18 | 392629 Spitzer
Spitzer's picture

Census whistleblower on Niel Cavuto right show

Says that each time one census worker is rehired, it counts as another job

Thu, 06/03/2010 - 16:20 | 392632 anony
anony's picture

Beer, chocolate, and bodacious ta-tas...if there's something else any man requires, I don't know what it might be.

Thu, 06/03/2010 - 17:06 | 392717 sysin3
sysin3's picture

bacon ;-)

Thu, 06/03/2010 - 17:43 | 392759 Cheeky Bastard
Cheeky Bastard's picture

Fatwah on you infidel swine !!!

Thu, 06/03/2010 - 16:21 | 392636 Hansel
Hansel's picture

The big money never plays on 4 day weeks.  That's like a rule.  They are all on vacation in their $gazillion dollar 2 weekend-a-year paradises gloating about how much money they have and you don't.

Thu, 06/03/2010 - 16:44 | 392681 derp
derp's picture

but do they have wealth?

Thu, 06/03/2010 - 17:02 | 392713 bingaling
bingaling's picture

sell in may and go away -I guess thats what it means

Thu, 06/03/2010 - 16:33 | 392659 n2dark
n2dark's picture

And ebay upgraded from sell to neutral with a $20 PT jumped 4.4% to 22.18. Can you beat this ?


Thu, 06/03/2010 - 16:36 | 392665 Brett in Manhattan
Brett in Manhattan's picture

"But yes, volume was non-existant as has been the case in 95% of the time when stocks finish marginally higher over the past year."

This says different things to different people. To me it says "More of the same." Slow run ups followed by sharp declines within a 10-15%trading range.

Thu, 06/03/2010 - 16:40 | 392674 MarketMonkey
MarketMonkey's picture

How does "40% less than avg for the last two weeks" compare to a normal June trading day?  

Thu, 06/03/2010 - 17:00 | 392707 johngaltfla
johngaltfla's picture

Boy is tomorrow going to be fun to watch. Can we say "blowdup" boys and girls?-:)

Thu, 06/03/2010 - 18:10 | 392829 east paris trader
east paris trader's picture

low volume days are always choppy with large intrabar volatility (HFT bullshit). Following  higher high's and higher lows is hit or miss.   When the volume kicks in, the computer games are less noticable (diluted?) --- hh's and hl's (or visa versa) work again.   Just more evidence that low volume days nothing but  "etcha-sketch" time. 

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