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It's NFP Day, Do You Know Where Your Vapor Melt Up Volume Is?
Non-Farm Payroll day has traditionally been one of the top three most volatile and highest volume days each month. No more. If the primary scourge for the banking community has been the total collapse in market participation, leading to a drop in flow and commission revenues, then Q1 earnings will be a bloodbath. Today alone ES volume is 25% below average, and this is on the week's traditionally most active day. So once again we wonder out loud: is anyone left trading stocks at all, or has everyone now shifted to the far less manipulated FX, bond and commodity markets? And, following up with our second question: when will CDS trading for retail finally be approved? Obviously nobody wants to trade equities any more, and Goldman will be more than delighted to skim pennies off the top as OTC goes global.
And NYSE volume. This is beyond ridiculous.
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Whatever happened to the fed mandate of helping employment? What is their rationale? Do they think score, jobless now at 9%?
And if QE2 was sold to lower rates and improve employment, they've failed, so why keep doing it?
Headline on Yahoo Finance:
"The unemployment rate is sinking at the fastest pace in half a century because a surprisingly large number of people say they're finding work."
Yahoo Finance is the mouthpiece for the believers now ?
...once again, that was the AP headline, but then you read the article and it is totally at odds with the headline....I see this over and over again...and it does not appear to matter whether it is the AP, Reuters, or the WSJ....at least in communist Russia, Pravda might lie but do it in a consistent fashion.
Which makes me wonder, do the algos only read headlines?
Yahoo Finance users are always surprised to find work.
You're alert post knocked me off the couch!
REITs have almost make it back to parity...the levitation act will be ongoing into the close.
Can't have those bastards close red...no sir.
n/a :)
these are not the droids you are looking for.
http://www.youtube.com/watch?v=CnjaUoR15dU
Short sellers betting against the consumer are getting brutalized.
Just look at the action in stocks like Under Armor today.
No doubt, Sunday's NFL TV ratings are going to break all the records.
The consumer cannot be stopped.
With everyone unemployed and brainwashed, no doubt.
Under Armour announce that they are going into Walmart in a big way? That should really help their margins! NOT!
Fuck walmart and under armor
Its all money going to china and executives bonuses for wannabe athletes.
The best runners in the world are from Africa wear wonder bread bags on their feet and beat out these guys wearing the state of the art gear.
No doubt, the best runners are from Kenya and have never seen a pair of $150 running shoes before and run the NYC marathon barefoot. A friend of mine wears nothing but Under Armor and cant run 100 yards.
Does that mean the O'runner in chief will be harder to catch for lynching?
An Under Armor t shirt still costs $70...a bit high for the 10 t shirts for $4 Walmart crowd.
Under Armour announce that they are going into Walmart in a big way? That should really help their margins! NOT!
RobotTrader, you should just change your name to The Disinformation Douchebag?
Or just 'douchebag'.
he doesn't believe his own posts.
Wow! On HUGE volume, too! Buy, Buy, Buy!/Not
I rarely ever junk your posts...but this one deserved it (and I'd junk it ten times if I could)
Junk until it hurts your junk, then a little more.
.......I wouldn't put it on the consumer....I'd say the trend following algos are running amok.
HOG and LULU two prime examples....those are algos at work.
SPX
Going down?
http://99ercharts.blogspot.com/2011/02/spx_4931.html
http://www.zerohedge.com/forum/99er-charts-0
Ummmm, no.
Hey Egyptians - wtf are you doing over there?
the impressive thing is not that they are able to move the market up but that they can continue to move it sideways no matter what the news is
Three words. Apple, Iphone, Verizon. Life is good
http://www.marketwatch.com/story/verizon-sells-out-iphone-preorders-on-f...
IPod touch does same without a cell phone or contract. That fine for me.
Three words. Lies. Damn lies and statistics.
Here's apple 10 million apps from a billion. OVER A YEAR AND A HALF AGO.
http://www.washingtonpost.com/wp-dyn/content/article/2009/04/21/AR200904...
And here's apple a few days ago saying ya we sold a billion apps.
And there's your verizon crap saying they sold 43 million of them last year.
Now how the fuck do you sell 43 million iphones and not even be able to sell 10 million apps in a year and a fucking half.
Easy. LIE.
I totally scewed the pooch on this.
Apple claims 1 billion apps in april 2009.
They claim 3 billion apps in january 2010
They claim 10 billion apps in january 2011
Someones really laying down an exponential growth pattern. While food stamps are growing and riots are breaking out.
So RIMM is up a buck today, and up several bucks on the week! WTF!
the Indian Markets moved down a huge 441 in the senses...2.5% down ...Also nifty broke the crucial.....5400 level...nothing much to analyse there....found some nice pictures....enjoy...
http://markettechnicals-jonak.blogspot.com/
They are obviously in dire need of
primary dealers and fed QE fraud
of their own.
Damn closing bell is.so boring. Hurry up fast money then cramer. BOOYAH!
How are Bund Piiglet spreads today?
Of course the volume's drying up.
Who wants to go long a fraudulent market
other than Wanker and Robo? Make
me want to take a shower it's so corrupt
and I'm a pig.
Lmao! Good one. Have a good weekend!
No doubt the volume shortfall will be made up in the last 5 minutes.
We don't need no steenking volume!
China Dumps US Asset Backeds and Corporates
Source: Asia Times - David Goldman
http://blacklistednews.com/China-Dumps-US-Asset-Backeds-and-Corporates/12564/0/27/27/Y/M.html
Today's miserable jobs report is proof positive at how powerful the PigMen are.
They are jamming up retail stocks on purpose, in an "in your face" move, just to show everyone that they can.
The same way they slammed many of the commodities like oil today. Just to show everyone they can.
Welcome to the world of "Infinite Fiat", where paper contracts can overwhelm physical markets at will.
How else can you explain the S & P 500 going up on one of the greatest moves ever when the consumer has been exiting mutual funds in droves?
TPTB can drive up or drive down virtually any financial instrument by buying and selling paper at the NYSE, NYMEX, and COMEX casinos.
Yeah, but they ultimately will have
no one to sell to as everyone knows
the scam.
Question for you Robo? Do you hold
overnight? I sure wouldn't.
Robo holds, his thoughts, overnite. So that the next day he can say 'I told you so' no matter what happens. DOW opens down 300 or up 150 Monday, Robo will post he called it.
Nah the ECB is a clearing house from Heaven.
so given this post that "they" are doing it to prove "they" can, how do you square your take over the weekend that the market had peaked? surely you knew over the weekend that tptb could move a low volume market in any direction?
btw, thanks for confirming what you derided me of saying earlier in jan that tptb could move a low volume market.
i guess you believed tptb couldn't move around a low volume market before you believed "they" could.
Be flat or well hedged. Good points.
i'm flat. so i'm not worried about hedging. a few years ago i made the decision to get real money. it makes it easier to sleep at night.
Who are they goin to dump their pump to Robo...who oh who...
Jamin retail stocks up like a boss.
http://www.youtube.com/watch?v=NisCkxU544c
"How else can you explain the S & P 500 going up on one of the greatest moves ever when the consumer has been exiting mutual funds in droves?"
ETF's.......
Absolutely phuquing right....copper is a perfect example...it ain't construction demand driving its price nor any shortage of it.
I gave up all my shorts last year after Ben came back from JH and announced he would start using B-52's since the heli's had too small a payload.
You do not want to step in front of the Midnight Express to Flationville with Benny at the throttle...just buy the PM miners and relax...let Ben do his thing and retire wealthy.
Bravo Robo
" proof positive at how powerful the PigMen are.
They are jamming up retail stocks on purpose, in an "in your face".."
They did the same crap for at least a couple years after "everbody" new the housing bubble/subprime crime of the century was going bust.
A Poster child stock for that era TPX... at all time highs on the great jobs report
Everyone got their food stamps and un-employment checks and they're out buying beer and flat screens for the big game this weekend. That explains the bidless, askless market.
But all these eery uptick days can't end well, can they?
The pigmen can pump in an empty market all they want, but they havent figured out how they will dump the pump though. There is no end game, just day to day pump it higher game for lunatics.
Dawg,
True, but they don't care, it's not their money, it's Ben's, er... actually it's the taxpayer's (yours and mine)
Buy shares in this market? You got to be kidding? At these valuations and then be front run?
Touchee not with ye greatest barge pole
+100
Hell Racer, if someone actually bought 100 shares of something in this dead market it would probably send the machines into self destruct mode, they wouldnt know what the hell to do.
And if you dare buy anything they will fish out any stop in a nanosecond
...and ditto for shorting...you'll no doubt be proven 'dead right.'
How much did federal interest on debt rise today?
Come on! Every one knows Dead Cats bounce.
2 YEAR dead cat bounce though? Getting insane...even the pumpers blush on TV when they spout their optimistic BS now.
Thank you for supporting my point.
Someone stepped in on the DOW and moved 20 million shares between 3:59 and 4:00. That represents 20 percent of the entire days volume......in one minute.
What a load of crap.
Hey it was the CBOT cotton (AKA fat finger) Guy, moving your SPX minis into Monday.
Please let me say one thing in spanish...
" Este mercado es una absoluta estafa, sólo sube, mientras medio mundo se queda sin trabajo y la otra mitad vive en la pobreza y un 1% se rie de nosotros".
Gracias ZH por existir.
III W.W. is coming ...prepare for it. " Social Revolution " coming, the end of ultracapitalism....based in nothing , just in printing money to make bigger the biggest corporation. End this farce.
Back to Gold Silver and other hard assets standard backed currencies NOW
Hugo,
but CNNmoney says the job market is getting better...
http://money.cnn.com/2011/02/04/news/economy/unemployment_decline_mystery/
so boo ya.
I don't get it. Every company, specially tech and consumer that reported the last couple of weeks gave weak guidance and what do we get? The market rallies to new highs. What the fuck is the market pricing? This has to be the biggest joke of all time.
crap and i just went out and bought a 10Kg sack of rice.
oh well , the way disasters are hitting here in aust, i may need it sometime soon.
S&P500 daily chart shows a megaphone wedge.
A common pattern in various markets these days which exemplifies current market sentiment : a volatile battle between buyers and sellers and only one side will win.
http://stockmarket618.wordpress.com
Yeah,
Broadening tops and diamond patterns are all over the place, very similar to pre collapse last time around.