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Good Luck Trading
...You will need it. The EURUSD has officially confirmed the much dreaded "Insane YoYo" formation. As a reminder the last time we had a dreaded chart spotting (The Hindenburg Omen from August 12, 2010), the Fed was forced to launch QE2 two weeks later. On a more serious note, the imminent announcement of a favorable Troica report on Greece will likely send the pair up 100 pips.
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Divine Intervention!
Praise jesus!
Thank God we have HFT robots to provide holy liquidity during these trying times.
Praise cyber-jesus!
He said Divine intervention.
Praise silver haired obese woman jesus!
I think they do say that miracles come in all forms.
ZH Pussies, we are so f@cked!!
No we are not, the leaders are though. Goverment purgings will start of elephants and donkeys. Goverment workers next after that.
My bet:
EURUSD 1.32 in just one month.
No more QEn
Tyler Greek Troika ----------coming in hours...to pump the market...be aware,then short monday EURUSD
Haircuts will restore the system
Short Euro over 145, it is heading back to 120 real soon......the prop job on it is trying to keep stocks up but everyone wants out of the Euro trade fast...
Holy QE3 Batman. We're screwed!
Not funny Tyler. We're trying to avoid joining the 44+mil on food stamps here....
I thought, people posting here have that minimal financial intelligence to participate in this programme voluntarily, reinvesting any saved FRNs in liberty dollars.
Exactly, Tyler. Fed again resorting to surrogate bailouts, like in 08-09.
Bail out every nation, island and tribe that lines up yelling.
That will soon mean all ex-Soviet block Euro nations, MENA and resource rich African countries, Pakistan and any regions that threaten independence from India. And Japan.
OT:
Tyler,
A criminal syndicate Wall Street banker on the BlowHorn [CNBC] is currently broadcasting the good news about...wait for it...."Insider buying."
LOL!
Classic.
There is always good news somewhere in the world. And if you can't find any, just make some shit up.
Bottoms up boys. Happy hour until 4 PM EDT.
how much you wanna bet we close positive.
Positive on what, exactly?
/es is what i was referring to. Sorry for the lack of specificity.
I'll bet a whole Sack we do.
Only until 4 PM ? The drinker's hours of a teetotaler, sir.
http://farm4.static.flickr.com/3376/3600585150_a88a7978d2.jpg
Ah, but which 4p? EDT doesn't seem like a limitation if you're in Kuala Lumpur.
That is a pretty cool city, Borneo is nice, too. A kid tried to buy my ipod off of me for 3 times the market price, he laid off once I told him that you needed a computer to use it.
Hasn't that sell/buy ratio of insiders been well over the magic 30 for a few years now?
ZH/Tyler have been covering this for some time now how insiders are selling in droves.
Wow they just throw out an in your face lie about insider buying when insiders are selling 1,000x1 ?
Edward Bernays would be proud.
"Insane YoYo" Love it... yes, that's the 'market' these days... unreal
in an insane yo-yo market you walk the DOG
or other such inverse fund.
TZA booming against the Russell so far. It'll be interesting to see how Bennie's buddies stem that slide.
Riding the line between justification for QEx (where x >= 3) and a complete pooch screwing.
S&P 3, QE 500
You spin me right round, baby
Right round like a record, baby
Right round, round, round
You spin me right round, baby
Right round like a record, baby
Right round, round, round
this shit was making me dizzy...USD getting completely monkey-hammered. I'm already starting to eyeball the Tequila bottle.
I used to go to Six Flags for a ride like that....
Hey, excellent business idea!
Let's start a new amusement park called....wait...
Six False Flags
motto: "This is gonna kill you!"
Speak up, ZH! Who wants the first franchise?
When the minute chart on the EUR/USD looks like my treadmill workout it's time to buckle up.
More like the YoYo of Death, the beast must create work for 7,000 Financial Services hires conjured in the BLS B/D Modeling, apparently they were all margin clerk positions.
i'm sure the primary dealers are all in collusion to send the market down to guarantee qe3 starts on july 1, total fucking capture
I think they want to create a down market but are clinging like grim death because they fear once it starts really dumping there will be no controlling it, not with all time high market margin!
Bernanke has to be involved if this "collusion" has any connection to EU decision/announcement. We've got to play along until......."the music stops"!
Bernanke has to be involved if this "collusion" has any connection to EU decision/announcement. We've got to play along until......."the music stops"!
Bernanke has to be involved if this "collusion" has any connection to EU decision/announcement. We've got to play along until......."the music stops"!
Sell the news.
Matter of time before riots happen and it hits the news.
No one dares short the EUR now, but after?
pump seems to happen when US markets open.
Dear Fed, the weak dollar has not sustained employment or improved manufactoring....and QE2 still has a month or so to go. What will be the justification for qe other than exporting democracy in mineral rich regions?
+1984
Anyway, why is democracy export not appropriate accounted? It could drastically lower trade deficit.
Its looking like a one way street in Eur/Usd at the moment, with the greeks about to be bailed and people thinking about QE3 again, add to that the floated idea of an "EZ finance ministy", and its hard to short it(i wouldnt if i was you). Todays news is hitting growth currencies, and i think the pair took a hit from that...other than dealer shenanigans, im still cool. There was no way the pair was staying down for long on that NFP number.
What QE3, theyre going to imagine up some more fake money, and people will buy it? Not me, fading this crapsickle all the way.
Fair enough, we could see a liquidity squeeze, and the greek thing could be a buy the rumor job. Who knows, you pays your money you takes your chance.
http://www.youtube.com/watch?v=B-5MfH3qgYw&feature=related
BOTulism
And gold is up! Gold to US Dollar: WHO'S THE SAFE HAVEN NOW BITCH?
"Now" would be a good word to put it. When later, is not now, the commodity crash will occur and bet the house and dog gold and silver is going down with it. If anything, a damn good shot at rutting gold and silver's run.
Gold is not a commodity, it's money...it will go down against what? Maybe stocks and real estate and foreign currencies/bonds with healthy balance sheets, but if you're talking against the dollar...while The Bernanrk is in power and US won't default...go for it and bet the farm on it if you are so sure
It wont be QE3 rainbow skittles showered upon 100 P/E's, it will be false flags and extreme national security threats and people waking up to find their bank accounts, stocks, and 401K's seized by the Gubment one morning soon. Thats all.
The Treasury Is Soliciting Your Feedback Regarding The Proposed Annuitization Of 401(k) | zero hedge
DJI down 1% in the first 5 minutes of trading!!! DXY down over 10 bp. This should be an interesting day.
Greece will implode sooner or later no matter what. At this point
it is the politics running the show in Europe, hence the favourable reports.
Incidentally is this G-Pap's face in the noose?
http://s.enet.gr/resources/2011-06/syntagma-2-thumb-large.jpg
Mommy make them stop this ride I want to get off.
Oil down, gold way up, silver way down, E/U and DXY all over the fuckin map....WTF!!!??!!!????
So how much rope to hang an elephant versus a donkey? Should I get a certain thickness?
I say we take no chances and just break out the Guillotine. Better safe than sorry.
Yes I buy 600 pound test nylon military rope at army surplus stores its cheap. SHould be strong enough to even haul up Bernankes ass no problem.
Hang them, both!
i was going to say get one as thick as that pic makes me, ahahahahahahah
but i think piano wire is what your looking for.
Clusterfuk economic model! What the value of anything when its all 100 P/E priced in bullcrap?
I may have to short the E/U here...I won't respect myself in the evening if I don't.
thats the fuck you formation
When the major currencies on the planet trade like Haitian penny stocks, it is totally normal and a sign of a properly functioning market.
+1 LOL. It wouldn't be as funny if it weren't so true.
Alright lemmings...READY, SET, PANIC!!!!!! SELL! SELL! SELL all those "RISKY" "commodities" like gold stocks, silver miners...SELL, oil, sell coal, sell, gas, SELL anything of real value...!
BUY government bonds!! Buy any bonds! FLEE to dollars!!
Alright lemmings...READY, SET, PANIC!!!!!! SELL! SELL! SELL all those "RISKY" "commodities" like gold, silver...SELL, oil, sell coal, sell, gas, SELL anything of real value...!
BUY government bonds!! Buy any bonds! FLEE to stupid dollar-denominated bonds!!
Try to contain your excitement long enough to remove your digits from the space, tab, or return keys when posting. It helps all of us.
Snap back to reality, Oh there goes gravity
Oh, there goes Bernanke, choked
He's so mad, but he won't give up that easy, no
He won't have it, he knows the whole world's on the rope he's tight walking.
i went long 10 /es at 1299.75. let the pump crew make me some monet.
Averaging into SPY 130 August puts. We'll see.
you got balls.
i could have gotten out with a tidy little sum already, but i think it will break that 1307.50 resistance later and blow up like a balloon.
i don't like the way it is, but it is what it is.
blow me bernanke
+1 fuckin' A.
I love the way the headlines spin the market:
The Dow is down, but hey, you can make mony on VIX. Don't they make VapoRub. Talk about a market taking the vapors.
My new logo.. Fuck the VIX, Invest in Netflix.. What ya think?
Did tyler durden just invent a new technical indicator, the insane yo yo?
Good for you!
His best invention was "bidetesque".
Actually applies perfectly right now.
Any trader worth his money knows how to handle NFP whipsaws. Otherwise he should look for a new occupation instantly.
any trader worth his money doesn't make hindsight calls and claim to have known it all along. We leave shit like that to Robotrader...he's got that angle covered. You'll need to find another line of bullshit to call your own.
sell crazy somewhere else...we're all stocked up.
I'm going to have to junk you if you do not credit that quote sir.
It's starting to look like a positive close today.
I love it when you refer to our former Reichspräsident and WWI hero.
He died in 1934 and he didn't like Hitler.
He called him "The Bohemian private".
And our apologies to all victims of the explosion of the Zeppelin at Lakehurst, but we learned from our mistakes and fill them with He now.
Nothing mobilizes the Hft Bots more than "Hindenburg Omen".
Tylers going to send the Bots apeshitt..Hindenburg and Yo-yo Chart formation headlines.
I'm pretty sure this was clearly referred to in one of the Hopi Indian Prophecies.
And this is the Ninth and Last Sign: You will hear of FOREX markets behaving as the Insane Yo-Yo of Death. Not that there's anything wrong with that. Just after this, markets shall fall with a great crash. Money will appear in vast quantities from a white man's ass. Very soon after this, the ceremonies of my people will cease."
Thanks for the lulz.
Lunchtime..! Sideways until 2pm. Then Down..BBL.
OK, just finishing up my MOMOFUKU plate at the GS cafeteria. Now I am going to have an espresso and some nice cake from Elaine's. After my post-lunch 15-minute nap, I will follow my boss's instructions to sell 1 million shares of IWM before I go to the Hamptons in my Ferrari for the weekend. Oh yes, SLV is also on the list, but only 500,000 shares need to be sold.
Just another day in the life of an mid-level GS prop trader.
How dull.
Her name was Yo Yo
for a couple hundred bucks extra
she'd take you , round the world ..
Ok, yawn, 1pm, just woke up. Sweet dreams of ES 1220. Now I am going to push the sell button and line up some hookers and bubbles for the weekend.
This will help the Euro and Dollar...
S&P500 weekly chart showing rising wedge enclosed within massive megaphone top, warning of another Black Swan.
http://stockmarket618.wordpress.com/2011/06/01/wed-june-1
Tyler, you're the ORACLE!!!
I wish I had had the guts to listen to you and go almost all-in when I read it.