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Headline From The (Immediate) Future: 10 Share Block Moves Market By 50% (And Obama Praises Own Economic Policies) As 10 Year Yields -3%

Tyler Durden's picture




 

Today's ES price volume presented without commentary. Well one: the 10 Year closed below 3%. Stocks closed at highs. The takeover of the market by the administration as we head into the midterms is now complete.

 

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Mon, 07/26/2010 - 16:14 | 489079 besodemuerte
besodemuerte's picture

That's not 600k below the 5-day average volume is it?  Tell me that average volume is at least a 30 day measure.

Mon, 07/26/2010 - 16:19 | 489089 credittrader
credittrader's picture

sorry mate - its a 20-day average...lol!!! (1.535mm contracts today vs 2.16mm average of last 20-days) and with 10Y at 2.9888%, I see ES maybe 7pts rich...but it's all good - FDX said stuff is better hopefully in the future (I guess they are expecting lower fuel costs to keep helping em out) ;-)

Mon, 07/26/2010 - 16:15 | 489080 unwashedmass
unwashedmass's picture

i am long, selling out everything tomorrow morning. this is weirding me out. completely freaking me out. one wrong word from the wrong person, and this goes into the ground.

Mon, 07/26/2010 - 16:17 | 489087 molecool
molecool's picture

May I?

SEEELLLLLLL!!!!!!

Now seriously - is anyone still suprised about this? Stop complaining and treat it as what it is - a nice shorting opportunity.

Mon, 07/26/2010 - 16:19 | 489092 unwashedmass
unwashedmass's picture

 

actually i'm making a nice buck on the AUD/JPY trade hedged with the AUD/USD...

Mon, 07/26/2010 - 16:40 | 489139 johngaltfla
johngaltfla's picture

I'll wait until August, thank you.

Mon, 07/26/2010 - 16:19 | 489093 Econolingus
Econolingus's picture

Agreed.  I've been holding some long positions initiated at SPOO 1016 as a hedge to my net short exposure (which includes a load of AMZN, as well as some painfully underwater SKF), and am going to see what the morning action brings.  Hoping for a pop, and will close my longs. 

there may be more steam in this bubble, but the ether is getting mighty thin.  Is an extra 5% worth exposure to 20+% downside?

Mon, 07/26/2010 - 16:56 | 489156 lettuce
lettuce's picture

rational entity: no

equity trader / politician: yes

Mon, 07/26/2010 - 16:17 | 489084 assumptionblindness
assumptionblindness's picture

OMFG LOL WTF?!

Mon, 07/26/2010 - 16:17 | 489088 KTAISA
KTAISA's picture

Anyone else have three different Cramer's staring at you via add space?

Mon, 07/26/2010 - 16:19 | 489094 101 years and c...
101 years and counting's picture

Yes.  My usage of ZH has gone down 25% today thanks to seeing Cramer's mug all over it.

Mon, 07/26/2010 - 16:26 | 489114 lizzy36
lizzy36's picture

ZH has NO control over what ads appear on this site.  That is google adsense.

Now, because one enjoys irony, one sugests that you should increase your use of ZH 250%, because nothing is more ironic than cramer, funding Tyler(s) work.

Mon, 07/26/2010 - 16:43 | 489143 i.knoknot
i.knoknot's picture

lol!

priceless, that.

Mon, 07/26/2010 - 17:10 | 489172 Commander Cody
Commander Cody's picture

I click on every add I see because I want him to be all he can be.

Mon, 07/26/2010 - 17:21 | 489192 Shocker
Shocker's picture

Why whats wrong with Cramer???? He seems like a nice guy..... :-) ahhaha that was a joke

Mon, 07/26/2010 - 16:25 | 489110 NoBull1994
NoBull1994's picture

As much as I hate Jim Cramer and think he is a complete douchebag, as highlighted by his "prison pussy" goatee, I think it is hilarious that Tyler can make money by selling ad space to the guy that he routinely ridicules on this site.  I don't like looking at Cramer's picture, but I will only be pissed at Tyler if he starts hesitating to blow Cramer out of the water on his ridiculous recos. 

Mon, 07/26/2010 - 16:25 | 489111 Tyler Durden
Tyler Durden's picture

http://en.wikipedia.org/wiki/AdSense

http://www.doubleclick.com/privacy/faq.aspx

If you want to see less Cramer ads, remove your cookies from your theStreet.com and cnbc.com visits.

Feel free to do a glossary search for Jim Cramer for our thoughts on that particular TV actor, and be amused when adsense context shows his ads. The same way it will show ally bank on all the posts where we share our true feelings for GMAC or whatever that bankrupt bank is called now.

Mon, 07/26/2010 - 16:28 | 489119 firstdivision
firstdivision's picture

Or you could really use this moment as a great "fuck you Cramer" moment.  If everyone clicks on the ads, guess who gets money from whom ;)

Mon, 07/26/2010 - 16:46 | 489136 plocequ1
plocequ1's picture

Why is everyone taking shit about our leader and main Supporter and sponser Sir James Cramer? He may be listening.

Mon, 07/26/2010 - 16:37 | 489135 assumptionblindness
assumptionblindness's picture

I guess that explains why Jenna Jameson keeps popping up when I connect from my 'home' computer. 

Mon, 07/26/2010 - 17:07 | 489168 lettuce
lettuce's picture

because your home computer was built by the SEC's IT administrators?

Mon, 07/26/2010 - 16:46 | 489146 demsco
demsco's picture

I wanna know how you got your adsense to pop up in a new window???

Mon, 07/26/2010 - 23:10 | 489680 Village Idiot
Village Idiot's picture

"TV actor."

Mon, 07/26/2010 - 16:47 | 489148 demsco
demsco's picture

BTW, the most expensive ad for cramer is the upper right ad's, usually.... Just saying, you don't want the man t lose money or anything, do you??

Mon, 07/26/2010 - 17:18 | 489184 BurritoGas
BurritoGas's picture

Click on the AD.

All the revenues (few cents worth) go towards ZeroHedge anyway. What's the downside?

Mon, 07/26/2010 - 16:18 | 489090 lbrecken
lbrecken's picture

Its the recover summer no?

Mon, 07/26/2010 - 16:21 | 489097 themosmitsos
themosmitsos's picture

Bernanke guaranteed QE2 last week guy's....hence this "market"

Mon, 07/26/2010 - 16:23 | 489105 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

Why hasn't gold reacted as if QE2 is on it's way then. Even Fed said this today:

 

07-26 20:46: Fed's Plosser says sees no reason for Fed to further stimulate economy now

Mon, 07/26/2010 - 16:28 | 489120 themosmitsos
themosmitsos's picture

common friend, people were making the same comments you just did, $600 ago for AU........give it a minute.......I'm *NOT* buying that SPX has *ANY* strength though, at least not until a formal QE2 announcement, not that the then resultant surge would be "strength." Until that point, I'm actually shorting this, and any subesquent "strength."

Mon, 07/26/2010 - 16:34 | 489130 unwashedmass
unwashedmass's picture

gold has not reacted as the expiry is on Wednesday, and JPM -- in the complete absence of any regulator casting even a glance in the Comex market's direction -- is keeping an iron fist on activity there.

the max pain level at expiry is 1183. expect that price or slightly lower until Wednesday at 1:30

silver on the other hand.....despite the massive manipualtion, it now appears that JPM may be in serious trouble there as there is now simply not the amount of silver there at the Comex it seems to meet the delivery demands....

this could blow sky high at any moment....

anyone want to follow the action here should follow harvey organ's blog. he tracks the delivery & inventory numbers daily.

silver, it seems, will implode first.....and pretty damn dramatically ....

 

Mon, 07/26/2010 - 18:23 | 489272 New_Meat
New_Meat's picture

I just came in from running and I'm unwashed as well, working to reduce my mass, but dinner smells pretty good about now.

Serious now: does COMEX publish numbers on a) cash settlements, b) metal settlements when warranted, and (!) requested metal settlements that were instead done in cash?

Thanks,

- Ned

Tue, 07/27/2010 - 00:52 | 489759 DoctoRx
DoctoRx's picture

My view of history is that JPM never gets in serious trouble--at least until the barbarians are truly at the gates.  JPM and Federal government are blood brothers (pick your preferred analogy).

Mon, 07/26/2010 - 16:26 | 489115 tmftdoyle
tmftdoyle's picture

actually, his testimony and prepared remarks to the senate, i thought indicated that he did not want to do it. Of course the market reacts negatively and next day ben says what the market wants to hear to house. given the social mood against, apart from the banking community of course, i believe that things will have to get very dark before ben revs up his helicopter. 

 

 

Mon, 07/26/2010 - 16:26 | 489116 tmftdoyle
tmftdoyle's picture

actually, his testimony and prepared remarks to the senate, i thought indicated that he did not want to do it. Of course the market reacts negatively and next day ben says what the market wants to hear to house. given the social mood against, apart from the banking community of course, i believe that things will have to get very dark before ben revs up his helicopter. 

 

 

Mon, 07/26/2010 - 16:22 | 489101 Chemba
Chemba's picture

wave iii of (iii) of c of (2) of 3-circle.  (v) of (2) complete at about 1140 or so.  VIX should be <21 by then, and CPC < 0.7

that's when you short large.

Mon, 07/26/2010 - 16:24 | 489106 RobotTrader
RobotTrader's picture

Lots of fresh meat grabbed off the lows and dryhumped today.

LOL...

Mon, 07/26/2010 - 16:34 | 489131 themosmitsos
themosmitsos's picture

hey puss-puss, who's the one in the pink?

Mon, 07/26/2010 - 17:37 | 489215 MrTrader
MrTrader's picture

Robot Trader - who´s the one in pink ? Nice :=)

Mon, 07/26/2010 - 23:17 | 489692 Village Idiot
Village Idiot's picture

The blond has a little meat to her - I especially like those fingers pressing into her flesh.

Mon, 07/26/2010 - 16:54 | 489152 New_Meat
New_Meat's picture

Robo, I shudder to think what pictures you'll be posting when this thing goes...well, I have to say it...UGLY.

- Ned

Mon, 07/26/2010 - 16:25 | 489108 cjc1023
cjc1023's picture

will someone please explain to me how one could theoretically manipulate the market using s&p futures?  i understand how one could do so using say SPY as the fund actually holds the stocks of the s&p but i'm an amateur when it comes to futures...

Mon, 07/26/2010 - 17:31 | 489200 DarkMath
DarkMath's picture

Sure, that's easy:

http://www.illuminati-news.com/pdf/TheVisibleHand%5B1%5D.pdf

But where to get the money?

Just issue 100s of Billions more in Debt than you need to pay down the Deficit. Use the surplus money:

http://www.gold-eagle.com/editorials_08/willie072210.html

to jack the stock markets by buying futures after hours:

http://www.zerohedge.com/article/three-month-flat-market-yesif-you-exclu...

And pray no one is paying close attention to where the money is coming from. But as we all know it turns out you can't fool all the people all the time:

http://www.zerohedge.com/article/trimtabs-asks-who-responsible-non-stop-...

 

Mon, 07/26/2010 - 18:28 | 489278 cjc1023
cjc1023's picture

ackem.  might take me a couple of days to get through all of this but i appreciate your time.

Mon, 07/26/2010 - 16:25 | 489109 firstdivision
firstdivision's picture

TZA was unusally popular today as opposed to its inverse.

Mon, 07/26/2010 - 16:27 | 489118 mcguire
mcguire's picture

tyler, all... this article came across the wire, its a justification for the opposite position that this post implies... "We call it a barbell market in a workout phase-hedge against deflationary risk with Treasuries yet long equities to maintain exposure to economic and earnings growth that persists," John Stoltzfus, strategist at Ticonderoga Securities in New York, advised clients Friday. "At the end of the day, it's a workout market, and the bifurcation makes sense based on where we have been and what has been done to take us out of the crisis."

http://finance.yahoo.com/news/For-Investors-New-Normal-cnbc-3129104123.html?x=0&sec=topStories&pos=4&asset=&ccode=

i call it the "ticking time bomb" market myself, but i am getting pie all over my face and am "bullets out" short until my next paycheck, lol!!!... i hate meltup days...  my other hedge is a newly purchased springfield xd .40 and a $500 investment in blueberry bushes....

Mon, 07/26/2010 - 17:02 | 489163 Tyler Durden
Tyler Durden's picture

In other words John Stoltzfus is perfectly hedged and will make and lose exactly zero dollars at the end of the day. We hope, for his LPs' sake, he at least throws a damn good Christmas parties (and has a second lien on Goldman's elves) for that 2% on AUM he is collecting (the 20% will be a wash).

Mon, 07/26/2010 - 16:29 | 489121 virgilcaine
virgilcaine's picture

This mkt is for the nimblest of the nimble.. will chop you up like the slapper.

Mon, 07/26/2010 - 17:16 | 489181 Commander Cody
Commander Cody's picture

SlapChop.

Mon, 07/26/2010 - 16:33 | 489127 the not so migh...
the not so mighty maximiza's picture

Hail the Telepromter and bring the Windex,  whatever that means.

Mon, 07/26/2010 - 16:46 | 489145 traderjoe
traderjoe's picture

I predict the consumer confidence numbers will print 1 point above expectations and the MSM will spend the entire day on coverage of how consumer confidence is "perking up". 

Or if it prints lower, it will get no coverage at all. 

Mon, 07/26/2010 - 17:15 | 489179 Rick64
Rick64's picture

Or they could quote it higher and revise it next month.

Mon, 07/26/2010 - 17:47 | 489226 Fidel Sarcastro
Fidel Sarcastro's picture

That's how they do it traderjoe. 

Mon, 07/26/2010 - 17:52 | 489233 ThreeTrees
ThreeTrees's picture

Bear Wedge.

 

Although I get the sense that's not a surprise to anyone here...

Mon, 07/26/2010 - 18:07 | 489244 Leo Kolivakis
Leo Kolivakis's picture

Robo,

Keep an eye on this puppy, breaking out on nice volume today:

And CREE is getting ready to make another move up:

One hot summer meltup coming right up!

 

Mon, 07/26/2010 - 23:00 | 489670 Tense INDIAN
Tense INDIAN's picture

i hope the RIGHT SHOULDER peaks by the end of this month

Tue, 07/27/2010 - 01:59 | 489782 MrTrader
MrTrader's picture

@Robo&Leo : You guys have really a dirty trader mind...:=)))

Tue, 07/27/2010 - 09:32 | 490025 Grand Supercycle
Grand Supercycle's picture

EURO buying support mentioned since June continues and further upside is expected.

http://stockmarket618.wordpress.com

Do NOT follow this link or you will be banned from the site!