This page has been archived and commenting is disabled.
Flush, As HFT Downside Bids Are Oddly Missing
9 months of "who wants to be short over the weekend?" Time to flip that one around. This has now been the fastest correction in the bear market rally. Where are the HiFTers providing the bids and liquidity? But the biggest question: why are treasuries unchanged? The Fed's biggest nightmare is slowly materializing...
Time to take out the "Dow 10,000!!! (from the upside)" hats.
»
- 6301 reads
- Printer-friendly version
- Send to friend
- advertisements -
deflation, bitches!!
It's ramping up now.... And likely to continue Monday morning? Look out below.
It's so beautiful - it's like a unicorn with...harley-davidson tassles on. And the bankers are hopefully going to get their fricken deserts. Ah, what a way to end the week.
Now, just follow-through next week and we should be good to go.
Last 20 mins will tell us all we need to know.
....aaaand...the jig is up. Thanks for coming everyone. It's been fun sharing my opinions, but now it is time to go get my survival gear. Not only did Gentle Ben's con game collapse like we've been discussing, he has taken out the American taxpayer down with him...amazing how one ego can be in such a position to fuck so many. Suck it Ben...you are not welcome at my compound when they are running after you with pitchforks.
well played
Leo? What is your take on this?
Hi, this is Leo over here! Ummmm the higher it goes i keep buying, ummmm the lower it goes - even better - i keep buying. Chooo-chooooo!
Personally I sold off some of my puts and the TLT is having problems with the 50day sma.... I'm looking for a bounce then a premium suck before we continue... plus in 3 days we're down 60pts on the S&P.... I'd rather go out neutral on this weekend then join the bandwagon today.
And the 10 year is pushing higher... people are readjusting... it's not panic... yet.
GE puts were beautifully discounted this morning....easy money
same with WFC Feb $25, opened around 18, ended around 38, 2x open interest volume... although this has been the outperformer of the large banks during this decline and has Buffett placing a floor.... been the most frustrating of them to be short.
i definitely agree with that...i was burned by WFC on a jan put
The question is will Wile E Coyote pick himself up and dust himself off once he reaches the canyon floor
He has to, he has a show to do next week.
OMG! Where are the LIQUIDITY PROVIDERS?
har har..
It appears the PPT has pulled the plug on the VWAP reversion algos... so that a much fear as possible is induced in the markets before the final Senate confirmation vote.
To that end, I would note that Mutally Assured Destruction isn't an investment strategy-- especially when you've been pegged as the primary incremental investor on the upslope.
Well they are going to do this under cloak of lie, extreme duress, whatever it takes. It's not like theres some line that they won't go past other than the line of we are going to lose and commit suicide in a bunker. But they keep forgetting about that line. Illusions of control work both ways I guess.
Complete and utter market and currency control is probalby going to make for one hell of a delusion.
I would note that Mutally Assured Destruction isn't an investment strategy
Yes it is.
Got Gold Bitches
Yes, yes I do. A lot. I need more to make me a bed to lay in, but I'm working on it.
"But the biggest question: why are treasuries unchanged? The Fed's biggest nightmare is slowly materializing..."
Treasuries are up, flight to safety.
Deflation? I prefer the term revaluation. We are still in the early stages of stagflation (for lack of a better term). Next is inflation, then the hype. "Yo, I got the Hype."
I'll believe that the douche fucks in control have lost control when I see it. In the meanwhile, I am just as apt to believe that they are just trying to scare the shit out of Obama and keep him from getting too serious with this "let's shake things up" jig. Time will tell.
// copyright GS - 01-2010 *notes* still needs debug, crashes SYSTEM.
COMPLACENCY = 0
RETRACING = yearly_low / current_price;
if VIX < 15
try {
OuttaDodge extends ComputerAlgoProfitSkimmer {
when (RETRACING) = .5 goto SELL
else CRAMER;
SELL.Everything.Now ( Dark_Pool ) goto CRAMER;
CRAMER (Pump.Market) extends Short.Sell ( Naked_Shorts );
} catch ( CaughtInMarketManipulation )
( U_S_A / COMPLACENCY );
Load.Gun ( OrJump );
}
Love this! Totally fantastic!
+10 !
Awesome! LOL
"I Want My Money Back!!!"
// copyright GS - 01-2010 *notes* still needs debug, crashes SYSTEM.
COMPLACENCY = 0
RETRACING = yearly_low / current_price;
if VIX < 15
try {
OuttaDodge extends ComputerAlgoProfitSkimmer {
when (RETRACING) = .5 goto SELL
else CRAMER;
SELL.Everything.Now ( Dark_Pool ) goto CRAMER;
CRAMER (Pump.Market) extends Short.Sell ( Naked_Shorts );
} catch ( CaughtInMarketManipulation )
( U_S_A / COMPLACENCY );
Load.Gun ( OrJump );
}
Load.WTF ( LOL++ );
{
printf("hello, world");
return 0;
}
I wonder if this is the start of the stepladder down like movement when the market bottomed out in the great depression over a few years. DJ 3500 here we come - that would be a fair valuation in reality. I think the PPT has a few more tricks up their sleave however and may delay the inevitable until late in the year about the time the double dip officially starts.
3400 DJ
2100 Gold
Really not that far away.
Might not be the cataclysm many are expecting.
+262 (Round up) cause that one's about as good as anyone's gonna find outside of Monsanto.
hats off, Madcow !
The bankers have threatened the markets previously and purposely dropped the markets by restricting credit a number of times in our history. This is a very transparent threat to the administration and congress (who also have their pension tied into this market). I am 100% behind Obama if this is a real move and not a political ploy. Without it we will be nothing but an economy of government workers and bankers - we need balance.
The reality is that the big banks should tank, but regionals and all other industries should rally on the news because it means their predators will be weaker and less able to suck the blood from the world. The big banks probably bought shorts on their own companies, and they are pointing guns at their heads again threatening to pull the trigger and take us all with them. The nation has been hijacked by its monetary system controlled by the bankers. What about backroom threats of nationalization or treason trials? At the same time, we do need a mechanism to get the banks to start loaning again instead of highly profitable speculating with our money. The big banks are bottle necks.
Warren Buffett stated he would sell equities if Bernanke was not confirmed. Looks like we should break out those dow 10,000 hats again.
I want to believe in Obama , really I do. But I keep seeing those proles reading his Dreams of my father stuff in the summer of 2008 - they were the same automatons reading Harry Potter and it my gut I know this is a con
But I am willing to suspend my disbelief once again and give this guy one more chance if only to fight off those demons of cynicism that has engulfed me.
Obama is scum just like 99% of politicians...Hes about a half a presedential term late with this ploy....he loses MA and mysteriously he presents this wonderful taxpayer friendly bullshit con game..its all a game so that someone will buy the sickening amount of UST hitting the market this year.
If they get rid of BB and Timmy and actually make some changes at the top instead of just the message, it would be easier to believe that something might change.
I mean Geithner is either not in the loop with the whole AIG thing, which is bad, or he's in the AIG thing, which is bad. And, well, I dont think I need to say anything regarding Ben.
I totally agree. We all want to believe that someone in DC cares whether we live or die. I too know in my gut it is all a con. Obviously, he grows a conscience the day after his party loses a key senate seat. How disingenuous can you be. Extend and pretend. This gets the government paper out the door.
man...you are a dork
The mechanism is simple - Wipe out the bond holders of these banks and interest that now is being paid to these institutions can be freed up to pursue productive investments
The banks want to scare congress, the people and Obama. They resent even slight rumors of "reform" and thus they are turning their backs on Obama. Kneale's post today on CNBC is a good example. To protect his bankster overlords, Kneale attacks Obama. He calls Obama sulking, vengeful and dumb. He quotes a bunch of banksters saying that Obama's (menial) reform would hurt the recovery. There are a bunch of such pro bankster interviews and blog posts that came out in the last 48 hours. Like mentioned above, they also want to assure Bernanke's vote by scaring the congress. Besides this propaganda blitz by the banksters, they are also playing hard ball with equities. They are telling Obama,"so you want to fight us?" and thus no HFTers providing bids and liquidity and thus "It appears the PPT has pulled the plug on the VWAP reversion algos... so that a much fear as possible is induced in the markets before the final Senate confirmation vote." (Assetman)
The market will go down until Obama backs off (which he will) and until Benny gets his confirmation votes.
Problem is the people are already starting to get pissed off and are losing faith in the ((system)). A deliberate downturn, could only add fuel to the fire as the people that were semi-well off start taking more of a beating.
i can hear goldbug balls shrink
You need to see Argentina to see how this plays out.
Hint: The peso dropped in 12 months to what 12% of it's former value.
I don't like picking on people (unless they are stupid, then it's okay).
Not mine! I'll keep holding, and buying more, until we're many years down the road from today. Any dip, if any in gold relative to its purchasing power will be short lived (on amultiyear basis). The poster talking about Argentina has it exactly right. There are more than enough examples to show what happens over a long term with debt crises and how they play out to the end.
See that's what so great about being a gold bug. You get you own ball whisperer. You don't get that FRN's.
But LOOK at that chart. That's a 4 hour flush. How can there be NOTHING for 4 hours?
great look, TD.
perfectly said ... and THE point to note is that ONCE you 'outlaw' HFT or try to limit even THE most egregious / illegal / manipulative aspects of it that this mkt WILL crash; and unlike anyone alive today has ever seen for modern / industrialized equities.
doesn't matter whether you like or not.
doesn't matter whether it "should / ought" be or not.
it is.
period / end of 'debate'.
be careful what you wish for retail / main street cause you just might get it ... and you have no idea what the "unintended" consequences will be.
Yes..Be Carful Main Street!...you might cause an economica calamity costing Trillions and Trillions of Dollars that will be paid by the lower living standards of your children and....wait..sorry..that was Wall Street.
Come on already...Main Street isnt causing anything...they cant even find a decent job.
Sadly, you are 1000% right. If we tried follow are own laws, our economy would fall apart. So we all just have to smile and nod.
Seems to me the people who walked the markets up when they thought they were in bed with Obama are now puking out risk now that Obama has turned on them. Simple.
that, and they're uncertain whether or not their sugar daddy will be around much longer.
The 'President' is, in a situation like this, where the high priests of Wall St. are claiming human sacrifice, is the only right 'post' to bring an end to the insanity: for months the Chinese have been issuing crystal clear disapproval; The LME has been found dealing illegally; Nobody knows how the US Debt is even going to be rolled over; Jobs are haemorrhaging; States, and public services worldwide are utterly Bankrupt.
It's a complete farce to believe in Wall St. 'as ever having had a hope for fixing the problems in the Derivatives markets. Hell...they took the Bailout money and INCREASED their Derivatives bets, because that was the PROFITABLE thing to do..and screw the 'Real' economy.
And wow! it screwed the Real economy every way from sunday.
Look back, any bankers out there, and relate, if you will... what 'public good'...what efficiency to the cogs and wheels of the Real economy..did the Banks add in the last year? After all, there has to be two sides to this argument.
People that think hft sets prices, controls prices, sets floors or ceilings are delusional.
Most of this 10 month rally has been bull shit anyways. It seems very suspicious that 1 day after Obama says " it is a great time to buy stocks" that we start a 60% rally, on Nothing.The only reason banks are making money is on the mark to market rule change, even Bloomberg has resorted to probably this and probably that.ALl this and the only jobs created are goverment jobs, sorry that doesn't create wealth. The biggest gift we could get is to find out Fort Knox was full of Tungsten, we could crash this SOB and start over quicker, instead of a slow 10 year death.
Water reaches its true level eventually. (Physics law of connected vessels.)
Our task is to prepare for that eventuality. If we can also manage to time it, then, become a millionaire in 48 hours.