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Just A Reminder Of Late Afternoon Circuit Breaker Coffee Breaks

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Wed, 06/01/2011 - 15:26 | 1329863 LRC Fan
LRC Fan's picture

In the event of any Dow drop of more than 100 points

BTFD Bitchez


Wed, 06/01/2011 - 15:40 | 1329929 Pladizow
Pladizow's picture

PPT makes the circuit breakers a mute point.

More likely to get your hand pregnant while wearing a condom!

Wed, 06/01/2011 - 15:51 | 1329969 Pladizow
Pladizow's picture

Thanks Professor Iriestx - especially for the links to help with what was an obvious error.

However, does'nt an alarm go off when a circuit is broken.

An alarm that won't go off and therefore never be heard.

Hence, a "mute" point.

Like my attempt to cover?

Wed, 06/01/2011 - 15:56 | 1330010 LFMayor
LFMayor's picture

don't you dare cover those up, best i've seen here yet.

Thu, 06/02/2011 - 02:57 | 1331613 StychoKiller
StychoKiller's picture

Wait'll you see Speedy's bouncing avatar! :>D

Wed, 06/01/2011 - 21:10 | 1331044 FrankDrakman
FrankDrakman's picture

Never attribute to grammatical ignorance what you can attribute to poor punnery.

Wed, 06/01/2011 - 16:18 | 1330117 Mike2756
Mike2756's picture

Wait, all trades will be disallowed!

Wed, 06/01/2011 - 15:30 | 1329867 HUGE_Gamma
HUGE_Gamma's picture

down 2% - welcome to last week

Wed, 06/01/2011 - 15:28 | 1329870 SheepDog-One
SheepDog-One's picture

Coffee? Well I guess if 'coffee' is in reference to lines of coke mixed with Xanax....OK theyre coffee breaks then.

Wed, 06/01/2011 - 15:31 | 1329873 IdiotInvestor2
IdiotInvestor2's picture

1200 point drop against Fed's forces ? Possible in a flash crash, but not happening in a "normal" market as defined by The Bernank.

Wed, 06/01/2011 - 15:46 | 1329961 zeek
zeek's picture

Bernanke: I need a stock market crash to justify QEx

Banker: OK... I'll call the CME to make sure I don't get kicked out

Bernanke: Make sure we don't hit the breakers until I'm ready

Banker: Make sure you pay me more for the last few QE2 transactions

Bernanke: OK


Wed, 06/01/2011 - 15:29 | 1329875 Tortfeasor
Tortfeasor's picture

In the event of a 1200-POINT gain in the DJIA (10 percent), regardless of the time, MARKET ENTERS THE BONUS ROUND.  All advances earn double-points (triple-points for HFT gains) and market remains open for an extra hour.  Additionally, all participants earn one free 8-ball of coke.

Wed, 06/01/2011 - 15:55 | 1330000 Stoploss
Stoploss's picture


Wed, 06/01/2011 - 18:02 | 1330512 Dburn
Dburn's picture


Wed, 06/01/2011 - 15:29 | 1329880 mr. mirbach
mr. mirbach's picture

The Fed will keep it under 9.9% - Rule 80B kept in check

Wed, 06/01/2011 - 15:29 | 1329881 SheepDog-One
SheepDog-One's picture

BTW I figured for this day of announced inflation shipments from China, you might enjoy viewing 'The people of Walmart'

YouTube - People Of Wal Mart

Wed, 06/01/2011 - 15:43 | 1329944 cougar_w
cougar_w's picture

I watched it. Nearly died once or twice, but I did it.

Okay dammit, where's my cookie?

Wed, 06/01/2011 - 15:51 | 1329975 Cognitive Dissonance
Cognitive Dissonance's picture

Loved your latest installment cougar.

Wed, 06/01/2011 - 16:01 | 1330043 cougar_w
cougar_w's picture

Why thank you, how kind of you to say so.

However I worry that I might be losing my mind slightly. Surely that is no way for me to treat an angel, even in fiction. I'll have to make amends some how.

Wed, 06/01/2011 - 16:24 | 1330141 Cognitive Dissonance
Cognitive Dissonance's picture

Your mind was lost a long time ago. You're just figuring it out long after the fact.

Don't bother looking for it since you don't need it anyway. If you found your mind after all this time it would just put you firmly back into the boring category. I'm already there and trust me on this one, we don't need any more dead bodies in here. :>)

We could use some Febreze and several billion body bags if you don't mind.

Wed, 06/01/2011 - 15:35 | 1329892 Internet Tough Guy
Internet Tough Guy's picture

330 rally engage

Wed, 06/01/2011 - 15:36 | 1329893 Cognitive Dissonance
Cognitive Dissonance's picture

Wait....wait a minute.....hold your comes the 3:30 PM pump. Can you feel it baby?

edit: "Was that all you got baby? What about Sugar's happy time?"

Wed, 06/01/2011 - 15:46 | 1329894 King Dong
King Dong's picture

You know the drill bitchez - this sucker will be pumped back up to parity by the bots before closing bell

Wed, 06/01/2011 - 15:46 | 1329962 cougar_w
cougar_w's picture

... in 10 minutes?

If you are right then the bastards are epic.

Though if they do, then their QE3 trial ballon will have gone nowhere.

No instead I think they let it burn. QE3-or-die.

Wed, 06/01/2011 - 15:51 | 1329972 King Dong
King Dong's picture

Shit cougar - Didn't realise the time! Are the bots on strike or what? Perhaps even binary souls have lost all faith?!

Wed, 06/01/2011 - 15:56 | 1330005 cougar_w
cougar_w's picture

The bots have done their job. Market up, good dog! 

And now ... the reckoning. Paper profits don't count fer shyt, sparky.

Wed, 06/01/2011 - 15:32 | 1329895 6 String
6 String's picture


Wed, 06/01/2011 - 15:36 | 1329898 Cdad
Cdad's picture

Get your chart magic ready, brother Cog.  The S&P is going for a new record, four sma violations in one session.  Can't wait for the bullish spin on this "technical development."

And Tyler, maybe now would be a good time to announce the ZH poetry writing contest.  Theme:  "Bidless"

Wed, 06/01/2011 - 15:37 | 1329901 Cognitive Dissonance
Cognitive Dissonance's picture

What were those sma's again?

Wed, 06/01/2011 - 15:44 | 1329914 Cdad
Cdad's picture

The 10, the 20, the 50...with the 100 up next.

**there goes the 100**

Wed, 06/01/2011 - 15:44 | 1329954 Cognitive Dissonance
Cognitive Dissonance's picture

Down goes Frazier, down goes Frazier, down goes Frazier.

Wed, 06/01/2011 - 16:18 | 1330134 Cdad
Cdad's picture

Tyler really should post up that chart on the S&P:  1 year, daily bars, 10 day simple moving average, 20 day, 50 day, 100 day.  Today was an epic technical breakdown.  But I'm sure everything is Greek debt.

So take a look around at stocks obliviously above those marks, especially those on razor thin volume in the last month.  The bell has just tolled for them.

Brother Cog...WHERE'S MY CHART!!

Wed, 06/01/2011 - 16:34 | 1330189 Cognitive Dissonance
Cognitive Dissonance's picture

I can't make a chart with all 4 averages and still able to save it in a form I can post. I'm sure it's operator error. But Tyler has a higher posting ability than I do and he has Bloomberg.

Care to direct me to a chart of this? Maybe I'm looking under the wrong bed.

edit: Tyler just posted a new article with your chart.

Wed, 06/01/2011 - 16:54 | 1330295 Cdad
Cdad's picture

That's alright brother Cog.  I think if I just link you to Big Charts, the technicals I insert won't be there when you link.  Anyway, I'm just not sure I ever remember that many moving average points fail in one single session....EVER!

And I'm sure I'm not the only one that noticed it.  Perhaps, it is better to let it be a big SURPRISE for the members of the bathrobe brigade, as Dog calls 'em.

Now...on with my tome writing.  Any word on the poetry contest?  Extra points for insulting J. Dimon in verse form?  

Hello martini...

Wed, 06/01/2011 - 15:40 | 1329916 SheepDog-One
SheepDog-One's picture

Dead empty bidless market...just wait till the 401K Bathrobe Brigades get nervous and try to place their sell orders! Ai chihuahua!

Wed, 06/01/2011 - 15:45 | 1329950 Cdad
Cdad's picture

Bathrobe that one, Dog.  I wonder how Cramer will explain it to them.

Maybe the VIX will stop at 19?

**she's going bidless**

Wed, 06/01/2011 - 16:01 | 1330021 Cleanclog
Cleanclog's picture

Bidless, squidless!  Wouldn't it be awesome if the great reset took out Goldman?

Let the poetry sessions begin.

Wed, 06/01/2011 - 16:00 | 1330040 Cdad
Cdad's picture

As soon as Tyler announces it, I shall commence my ode to the criminal syndicate known as Wall Street.

As for the market...that was a complete breakdown in ONE SESSION.  Months of Ponzi scheme work undone just like that.  Commence with the "buying opportunity" commentary.

Wed, 06/01/2011 - 15:36 | 1329899 treemagnet
treemagnet's picture

Its gonna break someday - I'm free today.  Tomorrow too.  Lets get the party started!

Wed, 06/01/2011 - 15:33 | 1329900 apberusdisvet
apberusdisvet's picture

Gold up, silver down; 2 flash crashes courtesy of Blythe and the bullion bitches.  They are getting really desperate by being this transparent folks; the shortages are palpable.  Germany's nuclear dump means more silver needed for solar; it will all be gone within 20 years from the planet.  You can't wage the globalist wars without silver; let the manufactured chaos continue.

Wed, 06/01/2011 - 15:33 | 1329902 amsterdam
amsterdam's picture

Oh, how i'd love a 10% yack


Wed, 06/01/2011 - 15:34 | 1329903 Verum
Verum's picture

ot: 1.4 mil negative adjustment to registered silver stocks.

Wed, 06/01/2011 - 15:37 | 1329904 Cleanclog
Cleanclog's picture

OT - but just saw your tweet on Greek bake sales.  Maybe pancake breakfasts?  Will they really sell ports?  Thessaloniki's?  I'm still betting plain 'ol default.  And every week this continues, the haircuts will be greater.  If only 50%, the Greek 2 years are a great buy IMO.  Even a 70% haircut works well on a 24+% yield.

Wed, 06/01/2011 - 15:38 | 1329906 binky
binky's picture

What about the options markets?

Wed, 06/01/2011 - 15:39 | 1329913 richard in norway
richard in norway's picture

the central banks are buying shares to prevent market meltdown, or maybe not

Wed, 06/01/2011 - 15:37 | 1329915 the not so migh...
the not so mighty maximiza's picture

Unusually unusual

Wed, 06/01/2011 - 15:38 | 1329921 CreditcalMass
CreditcalMass's picture

3:30 bump losing steam fast, negative 3 bill day, we can still get there.

Wed, 06/01/2011 - 15:42 | 1329923 Atomizer
Atomizer's picture

$TRIN @ 4.12

Wed, 06/01/2011 - 15:43 | 1329927 SheepDog-One
SheepDog-One's picture

Crackhead DOW is over in the corner going thru Trainspotting withdrawal......must.....get....huge crackrocks....

Wed, 06/01/2011 - 15:45 | 1329936 LRC Fan
LRC Fan's picture

The dollar index simply took off today.  Up almost 1% from the low.  You don't see that every day. 

Wed, 06/01/2011 - 15:42 | 1329937 1100-TACTICAL-12
1100-TACTICAL-12's picture

How much longer before we go off the cliff. Seem's to me more people I talk to are waking up. I have 2 buddies that are cashing out 401k's and going for the metal's. Are people finally waking up.

Wed, 06/01/2011 - 15:47 | 1329955 SheepDog-One
SheepDog-One's picture

I dont know if or how many people are waking up, I hope lots, but I have a 1100 tactical 12 myself so its all good.

Wed, 06/01/2011 - 15:51 | 1329968 1100-TACTICAL-12
1100-TACTICAL-12's picture

I shot a skunk with mine this morning, full choke in my garden bad mistake......

Wed, 06/01/2011 - 20:26 | 1330932 hardcleareye
hardcleareye's picture

Couldn't you at least wait till he was out of the garden!!! 

This scene, from Escanaba in Da Moonlight, a story of the intellectual elites of the upper peninsula of Michigan (U. P.) on opening day,  might be something you appreciate.


Wed, 06/01/2011 - 15:45 | 1329939 richard in norway
richard in norway's picture


Wed, 06/01/2011 - 15:47 | 1329951 Diablo
Diablo's picture

silver just got crushed


Wed, 06/01/2011 - 15:52 | 1329979 Henry Chinaski
Henry Chinaski's picture


Wed, 06/01/2011 - 15:44 | 1329953 Atomizer
Atomizer's picture

$TRIN @ 4.39

Wed, 06/01/2011 - 15:48 | 1329959 John McCloy
John McCloy's picture

If there is no financial legislation to be voted upon or the need for scare tactics there will be no flash crash. The Flash crash had nothing to do with Greece. It was financial terrorism. 

Wed, 06/01/2011 - 15:49 | 1329980 SheepDog-One
SheepDog-One's picture

Its all been financial terrorism since the 2008 plunge, which was clearly planned ahead of time with 'the answer' already formulated. That is 'Hand over all your money to us banksters or every last one of you motherfukers gets it'!!

Wed, 06/01/2011 - 15:47 | 1329967 Slap That Taco
Slap That Taco's picture

"3600 point drop on the DOW...."

I think I know what that would smell like.

Wed, 06/01/2011 - 15:53 | 1329984 SheepDog-One
SheepDog-One's picture

It would smell like......victory.

Wed, 06/01/2011 - 15:48 | 1329976 drink or die
drink or die's picture

Dow down 300 by close?  Yes we can!


Also, anyone want to buy some silver?

Wed, 06/01/2011 - 15:53 | 1329981 Slap That Taco
Slap That Taco's picture

Your avatar is making me thirsty.

Wed, 06/01/2011 - 16:00 | 1330014 richard in norway
richard in norway's picture

another mini rally in every index at the same time


un fucking beliveable


super impose the charts and its just one line, almost

Wed, 06/01/2011 - 16:03 | 1330030 Iriestx
Iriestx's picture

Down 280?   I guess a global thermonuclear holocaust could happen tomorrow and it would be 'priced in.'  On a side note, they've bought themselves a great buying in point for when QE3 is announced tomorrow, followed by a 2000 point rally.

Wed, 06/01/2011 - 16:07 | 1330079 The Fonz
The Fonz's picture

Wow, yesterday my TZA call position halved its value, today it made all that back up and increased the original position by 50%. This is pretty intense stuff. I am keeping that position tonight, hope that wasn't a mistake. I assume this kind of decline marks a trend change that will not be reversed entirely tommoro.

Wed, 06/01/2011 - 16:12 | 1330106 Iriestx
Iriestx's picture

It'll be reversed when they announce QE3 tomorrow, or Greece finds €200b worth of gold under the mattress that they forgot about (no you can't audit it, just take our word for it) or Oboehner announces that they've agreed to raise the debt ceiling another $14t in exchange for tax cuts for the rich.


Something will happen to reverse it.  Always does.

Wed, 06/01/2011 - 18:02 | 1330504 The Fonz
The Fonz's picture

Well if they want QE they will want a correction first, not a 2% correction either. If the just keep jacking this thing up the swings will become uncontrollable without a retracement.  I expect a QE announcement, but am conservatively betting on a 10% retracement first, minimum. I actually think it will wind up around 15%.  I don't think you can get people back on this ride with another "greek got it's bailout" switcheroo.  If they can get volume down they can control it.  Actually there were moments today when my board was only dancing a LITTLE faster than I have seen them control in the past. I was sort of suprised they weren't very effective. I noticed REITs were bombing today too and think mabey they were just spread a little thin. I think a little dovish talk from the chairsatan will be forthcoming. They did a very nice bum rush at the close with solid green stripes of ticks in SP500 and Russell 2000 in the face of hellish volume and they managed to hold it, for about 10 mins. I am not sure they can do better than that. As long as the volume is up the trend is down I think. We'll see.

Wed, 06/01/2011 - 17:14 | 1330353 cougar_w
cougar_w's picture

This is a good time for a refresher folks:

This is why we call it Buy the Fucking Dip.

Oh and there is a followup now:

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