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Sure has been a while since the SPY IOIA page has graced Zero Hedge.
Damn it feels good to be an SPY market making gangsta.
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Accompanying song..some comic relief
http://www.youtube.com/watch?v=eniw_S8JaJM
Seems like GS traders took that "DO NOT BUY ANYTHING!" memo a little too literally.
JPM, bro, you're going to have to step in for a bit.
About 2 weeks JPM told their prop guys that they needed to start taking on more VAR.
GS set the benchmark, others will up their game. Of course with the benefit of the gover. backstop what could go wrong?
Sorry I'm new here. What is the screen all about? Some kinda software?
It's a presentation of 17 orders filled by JPM for SPY etf in just 1 minute. SPY is trading a full 5 points above the S&P index this moment. It's an attempt to pull the index up.
Are you implying manipulation by an IBs? I shock that the administration of change you can believe in is allowing such thing...
would be great if you could find something like this on oil futures or USO. the 2:20-2:30 ramp everyday is just like the 3:45-4:00 SPY ramp.
Thanks TD....nice to see an old friend back!
Why does anyone think that this makes a difference? Look above the JPM trades and see 10 times that amount traded by UBS.
one screen shot does not a pattern make. there is some history here.
see executive order 12631.
these stupid fund managers are bidding up BAC, GE, CAT, even C all week. a NUKE could go off and these morons and the hft would be bidding them up
Why wouldn't they be buying? CAT is expecting $10 eps next year (yeah, right). BAC just got away with murder (lying about Merrill deal) and GE was slapped on the wrist for manipulating their earnings. This is the new bull market. My friends Kudlow and Dennis Kneal said everything will be okay. And if that doesn't work uncle Ben will print some more fiat and prop this crap up.
You missed JPM in your analysis. They should have a p/e of about 200 by the end of the day so don't forget to buy them too.
Why wouldn't they lie if they just have to pay a few million to rake the benefits of billions and billions? It's better than a very effective advertising campaign.
Why wouldn't they be buying? CAT is expecting $10 eps next year (yeah, right)
And i expect my income to be 400 000 000 $ next year,an improvement of xxxx.xx%, and i have just done an IPO of myself and i am currently trading at 55$/s ...
Congrats! I plan on making 5 gazillion dollars next year too. Although I will have to give approx. 75% to NYC, NYS and the govt. I am planning on going over to my local JPM branch and asking for a loan to buy Spain based upon my projected future BS earnings. Maybe they will give us a better rate if you come too. I think Portugal or Iceland can be had for your meager future projected salary. Want in?
better yet, you buy Spain, and ill buy Portugal and some other nation with the spare change and we can start a new trend of sovereign mergers and acquisitions ...
I think what they said was, "if we have a normal recovery, we can make $10 EPS by 2012.".
phenomenally stupid, i agree. its like MS analyst using "2011 normalized" earnings estimates to value banks.
GS shockingly just upp'd their GDP estimates to be entirely positive all the way through next year.
WOW.
it is fairly possible for those revenue and growth predictions to come trough; but that would require one small thing to happen; we would need have a real economy, not a WS playground ....
dude, cat ceo pumped his stock yesterday yes...but the 8-10 EPS is if WORLD GDP goes back to old highs and done in 5 years from now
what type of ceo is thinking about 5 years from now? one who wanna pump their stock only and make headlines
What does VWAP look like???? If this is HFT responding to the big opening dip this morning (as part of the government run false confidence program) should'nt VWAP dislocate?
As a question to anyone in here: I see GS and JPM et all propping the index to the upside. Why isn't any hedge trying to drop it? Not enough money to move it?
The other hedge funds are not laundering money for the Fed.
that is true; they are laundering the money for the Russian mob ..
They don't have the convenience of a fucking printing press backing their operations.
calm down son, it's a simple arb
well, the answer is because a lot of hedgies are very close to their high water marks and so are gunning their longs.
Intraday 1 min VWAP on SPY about to get hit 100.01 vs. 100.11
Tyler, I love your posts, I have no idea what you are trying to show here. All this shows is JPM advertises each trade as opposed to aggregating them like you can see on you jpg with UBS and Barclays.
do you really have time to make money with all this writing, gees
conclusion - buy stocks
definitely, jpm/gs are buying and on top of it TD announced yesterday that this rally will last until Feb 2010.
Correction: He implied the rally would be proven wrong by then. Not the same.
GS: pssst JPM, can you take the heat for a while.
JPM: SURE ! for $100 mil a day with token 2 days of loss, sure. I am having MS lined up for next month
That drop on volume 10mns before the ISM news came out was so frigging obvious. Where the fuck is the SEC oin this? Again forget flash trading, this was plain vanilla inside.
We need an appropriate slur for JPM now that we have 'vampire squid' for GS
This is lame but I will give it a go.
JP Organ Chase, Dick-kering with the DOW???
There's now a Jpmorgan666.com to go along with goldmansachs666.com They're looking for volunteers if anyone is interested.
Pathetic. Sounds like Tall Poppy Syndrome.
Zombie Leech?
Chtuhlu Maggot
JP Moneybags comes to mind. Not quite evil enough. Neither is the cartoon photo - his actual pic looks far more evil.
http://ep.yimg.com/ca/I/yhst-46359380430213_2064_31992048
http://upload.wikimedia.org/wikipedia/commons/e/e9/JohnPierpontMorgan.jpg
That's working out really well, lol
Looks like a financial squeeze gonna save the day.
Oh look, they suckered more shorts on the back of those appalling economic figures and now going to squeeeeeeze them again
The funny thing is that this is not Operation Mayhem - this is now Wall Street Frankenstein. Fire Bad!
In the paper you posted the other day on market manipulation it discussed the correlation between POMO and days when the market ramped up quickly.
Guess what's happening today?
http://www.newyorkfed.org/markets/pomo/display/index.cfm
Does any one see that the screen says "Broker" at the top? These orders could be executed by JPM on behalf of their clients. Remember that Bear Stearns (now part of JPM) was the biggest prime broker on the street. They have thousands of institutional clients they trade for.
this picture doesnt mean anything
um, yes it does - it shows that one of the biggest dealers on the street is trading a lot of the most liquid security out there...it's obvious manipulation
No it doesn't. There is no way of telling whether all or none of those trades were executed for JPM's accounts or their clients'. You can assume that they are all JPM's if you want, but then you would just be guessing. So, again, in reality it doesn't tell you anything.
They would not advertise their risk positions. Only client trades appear on these screens. The whole point is to advertise that they are doing client business in a particular name so that clients will see them as knowing where the liquidity is, and send them more flow.
"it's obvious manipulation"
Are you capable of your own thoughts? JPM trades approximately 200,000 SPY for a dollar amount of roughly $20 million and you determine that it is obvious manipulation, in light of the fact that UBS traded 1.24 million shares for approx $124 million. To put it into further perspective, JPM's size is about the same as 80 big futures contracts. The level of stupidity is amazing.
Not everything has to be a conspiracy.