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Intraday Market Update: Dollar Back To Strength, Nobody Cares About Stocks (And Vice Versa)

Tyler Durden's picture




Get your damn dollar destroying house in order Ben (at least you got that invisible bid on the worst employment day in recent, and not so recent history, down pat). At least for now stocks are acting as if they haven't realized DXY is almost flat, and the JPY-EUR trade is diverging aggressively from whatever passes for a stock market these days.




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Fri, 11/06/2009 - 14:39 | Link to Comment mdtrader
mdtrader's picture

Oddly crude appears to be gunning for a breakdown below $76.50.

Fri, 11/06/2009 - 14:48 | Link to Comment Remus
Remus's picture

Oil down 3.1 % and XOI down 0.8 %. Also very odd

Fri, 11/06/2009 - 14:51 | Link to Comment curbyourrisk
curbyourrisk's picture

Odd is the new norm.

Bad is the new good.

rally is the new.....well that is always the goal.

Fuck the numbers....just buy it damn you!

Fri, 11/06/2009 - 14:52 | Link to Comment Altan311
Altan311's picture

Friday decoupling leads to a serious case of the Mondays me thinks? These rumors that BAC won't make it through the weekend are quite interesting.

Fri, 11/06/2009 - 14:56 | Link to Comment Anonymous
Fri, 11/06/2009 - 15:02 | Link to Comment jbc77
jbc77's picture

So where did you hear the BAC "rumors". At the water cooler in your office? Do tell......

Fri, 11/06/2009 - 15:36 | Link to Comment snorkeler
snorkeler's picture

"these rumors"

 

Not seeing any myself???

Fri, 11/06/2009 - 15:37 | Link to Comment Anonymous
Fri, 11/06/2009 - 15:42 | Link to Comment geminiRX
geminiRX's picture

There is no unusual movement in BAC stock or put options. Given the amount of insider trading as of late, I highly doubt a BAC rumour of this sort would be true.

Disclosure: yes, I am in the camp that believes the entire US financial system is insolvent, but the Fed is just too good at distorting reality at the present moment in time

Fri, 11/06/2009 - 15:59 | Link to Comment JamesBrrando
JamesBrrando's picture

its not BAC

i was told look for unusual put action on a financial

 

i searched and i think i found it!

look at the action on GE Nov 15 puts today!

Fri, 11/06/2009 - 15:43 | Link to Comment JamesBrrando
JamesBrrando's picture

BAC is 2010 toilet talk

 

now...?

Fri, 11/06/2009 - 16:29 | Link to Comment Jewelsnorth
Jewelsnorth's picture

From your lips to GS's ears. So as long as it happens really early in the year I might be comfortable with my Jan puts on BAC.

Fri, 11/06/2009 - 14:56 | Link to Comment nonclaim
nonclaim's picture

"whatever passes for a stock market these days"

 

I think this whole crap will turn the investor back 200+ years, before the stock market was created. Private funds investing in private companies will come back strong.

Fri, 11/06/2009 - 15:07 | Link to Comment Racer
Racer's picture

More like a con market where thinly silver plated tin is passed off and priced as solid gold

Fri, 11/06/2009 - 15:17 | Link to Comment faustian bargain
faustian bargain's picture

probably a smaller market than FRN counterfeiting is now.

Fri, 11/06/2009 - 15:08 | Link to Comment Anonymous
Fri, 11/06/2009 - 15:09 | Link to Comment Anonymous
Fri, 11/06/2009 - 15:12 | Link to Comment Anonymous
Fri, 11/06/2009 - 16:14 | Link to Comment nonclaim
nonclaim's picture

There's a way to uncover GS or any other manipulator on the low volume days.

 

I'd like a regulation forcing disclosure of above x% (low single digit) HFT volume per day in a single stock/etf/whatever by each single entity (under the same umbrella including on-behalf).

Fri, 11/06/2009 - 15:48 | Link to Comment Anonymous
Fri, 11/06/2009 - 15:54 | Link to Comment waterdog
waterdog's picture

If any of you have a favorite stock that you want the price to fall an additional 3% so you can buy it, give me a call. I will buy a few shares and I will guarantee you it will fall that much in 4 minutes.

Fri, 11/06/2009 - 16:00 | Link to Comment Anonymous
Fri, 11/06/2009 - 16:32 | Link to Comment Jewelsnorth
Jewelsnorth's picture

Perhaps you could buy GS as a public service to all of us.

Fri, 11/06/2009 - 16:36 | Link to Comment curbyourrisk
curbyourrisk's picture

buy a few shares every few minutes.  All the way down.

Fri, 11/06/2009 - 16:47 | Link to Comment Screwball
Screwball's picture

+100 LOL!

Fri, 11/06/2009 - 23:03 | Link to Comment Anonymous
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