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Meanwhile Afterhours...

Tyler Durden's picture




 

It appears that someone may have called the bluff on our earlier post of a possible commencement of trading in advance of QE3 (and how anyone could be surprised that QE3 is coming is beyond us - it has been our conviction that the Fed is now on a slippery slope from which there is no return since late 2010), and decided to take our every offer in ES afterhours for nearly 10 points straight. That this trade was very much out of the ordinary is confirmed by the complete absence in any of the traditional correlation pairs (see chart below) such as the AUDJPY. Is the prevalent mindset finally one that QE3 is inevitable? If so, look for gold and silver to follow suit promptly and even promptlier nullify today's latest margin hike by the CME.

 

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Thu, 03/24/2011 - 18:26 | 1097174 Dr. Porkchop
Dr. Porkchop's picture

Promptlier. Nice.

Thu, 03/24/2011 - 18:30 | 1097191 Sunshine n Lollipops
Sunshine n Lollipops's picture

Awww, man! I was gonna be the first poster and, oddly enough, 'promptlier' was gonna be the subject.

Well played, Porky.

Thu, 03/24/2011 - 19:09 | 1097352 Slash
Slash's picture

now wait a second. Are we sure this isn't a blatant attempt to get as much people in on the long side before letting it come crashing down for a while to garner political will and support from the sheeple for QE3?

 

If big money really wants to go long, they won't do it so brazenly right?

Thu, 03/24/2011 - 19:11 | 1097363 SheepDog-One
SheepDog-One's picture

Thats what I'd say.

Thu, 03/24/2011 - 19:41 | 1097465 DavidC
DavidC's picture

I wouldn't.

I'd say "Are we sure this isn't a blatant attempt to get as many people..."

DavidC

Thu, 03/24/2011 - 20:29 | 1097646 Thomas
Thomas's picture

It's "Ground Hog Day" meets "Three Card Monty".

Thu, 03/24/2011 - 23:36 | 1098300 ATG
ATG's picture

Follow the money (AUD/JPY)

Thu, 03/24/2011 - 18:57 | 1097310 themosmitsos
themosmitsos's picture

Margin hike on the SPUs must be coming ....

HAHHAHAHAHAHHAHAAHHAHAHAHHA :/

Thu, 03/24/2011 - 19:27 | 1097420 jedimarkus
jedimarkus's picture

Ben and Timmy won't allow CME to stop the madness...

Thu, 03/24/2011 - 19:03 | 1097322 mrcybermac
mrcybermac's picture

We keep recovering from these margin hikes promptlier and promptlier and promptlier.

Thu, 03/24/2011 - 20:11 | 1097587 knukles
knukles's picture

Most soitantly Le Gran Fromage will speak to this from his Telepromptlier. 

Fri, 03/25/2011 - 01:18 | 1098519 Problem Is
Problem Is's picture

You mean: Obummer, le piqûre grand et maigre prend la parole à partir de son télésouffleur...

Thu, 03/24/2011 - 21:04 | 1097758 luckylogger
luckylogger's picture

I got burned by this and want everyone to know what I know.

It came across DJ news wires this am that the trade was a DX trade.

I really do believe the rumor about it being a es trade is bunk and meant to trap us

little people. Somebody either wanted to get short higher or wanted extra profit to make the quarter and started the rumor and it worked. Who Knows who, but they probably are backed by the full faith and.............. of the FED. With their blessing to steal everybody's retirement funds so the big banks can keep paying big bonuses. And according to CNBC "earn their money".

Side note-- Why are their heads not hanging off the Brooklin bridge???

There comes a time when it is just too much-- you think??

Fri, 03/25/2011 - 09:45 | 1099171 dizzyfingers
dizzyfingers's picture

"Why are their heads not hanging off the Brooklin bridge???"

Why indeed. Because there are only sheeple now?

 

Thu, 03/24/2011 - 18:27 | 1097177 Calvin Jones an...
Calvin Jones and the 13th Apostle's picture

To the moon ... and beyond!!

Thu, 03/24/2011 - 18:42 | 1097179 Bastiat
Bastiat's picture

"promptlier"  will do nicely!

Thu, 03/24/2011 - 18:28 | 1097184 themadhur
themadhur's picture

It's a bitch being a bear.... bitchez.

Thu, 03/24/2011 - 18:31 | 1097188 X. Kurt OSis
X. Kurt OSis's picture

This just in: unruly mob marching down broadway towards Wall Street. I'm not even kidding.

Thu, 03/24/2011 - 18:33 | 1097203 Sophist Economicus
Sophist Economicus's picture

New Yorkers always look like that

Thu, 03/24/2011 - 18:52 | 1097275 X. Kurt OSis
X. Kurt OSis's picture

Looks like they are protesting budget cuts/austerity measures.

Per the flyer one of them gave me:

Richest 1% get 44% of New York income
Wall St gets $15 billion in stock transfer tax rebates
Cuomo wants to cut taxes for the top 1% while slashing public services and closing schools.

Other labor related stuff. One group of communists. One group carrying an anarchy banner.

The charts on their flyers look like Excel 97... These people really are suffering.

Thu, 03/24/2011 - 18:55 | 1097291 Id fight Gandhi
Id fight Gandhi's picture

Get some pics. Report back

Thu, 03/24/2011 - 18:54 | 1097292 Bastiat
Bastiat's picture

Thanks for the report, Kurt.

Thu, 03/24/2011 - 18:59 | 1097315 InconvenientCou...
InconvenientCounterParty's picture

hookers and coke dealers raising margin requirements

Thu, 03/24/2011 - 19:10 | 1097370 Moe Howard
Moe Howard's picture

BTFD in hookers and coke.

Thu, 03/24/2011 - 19:21 | 1097390 X. Kurt OSis
X. Kurt OSis's picture

I'm already 250% net on that trade.

I got eight balls and hookers stacked up like cord wood.

(Edit: there's always challenges to being long physical. I'm sure you all understand)

Thu, 03/24/2011 - 19:26 | 1097413 markelshark
markelshark's picture

CALL ME

Thu, 03/24/2011 - 19:47 | 1097488 X. Kurt OSis
X. Kurt OSis's picture

Do you like wings or thighs? I'll make sure I put some leftovers aside.

Thu, 03/24/2011 - 20:34 | 1097652 JohnG
JohnG's picture

These days only Fukushima melt your face off wings.

Thu, 03/24/2011 - 19:29 | 1097426 jedimarkus
jedimarkus's picture

Let them eat iPads...

Thu, 03/24/2011 - 21:25 | 1097804 Long-John-Silver
Long-John-Silver's picture

Labor is being screwed by their own Unions Bosses. That protest today is an effort to finish collapsing our economy. They think once they collapse the economy that can step in and take over. I don't know what they think will be worth taking over and nether do they. They will starve to death as States go their own way leaving Washington D.C. to rot.

Thu, 03/24/2011 - 21:45 | 1097873 X. Kurt OSis
X. Kurt OSis's picture

Personally, I'm a libertarian, so I don't really have a problem with unions (freedom of assembly, and a constitutional right to have contracts enforced seems to fit with collective bargaining). I do some volunteer work for our local school district. The average cost per student is almost $15,000 with an average of 22 kids per classroom so that works out to about $360,000 per class. I know our teachers average around $60,000 so that means $300,000 disappears into the government wasteland. In our district, almost a third of the entire operating budget goes to paying for transport and private tuition for out of district programs for special needs students, as per state mandated programs. The rest, god only knows. I find it hard to blame the unions for state fiscal imbalances. I find it real easy to blame government for fiscal imbalances.

In the private sector, GM was one of the crappiest run companies in history. Again, I find it hard to blame the UAW.

That said, the unions themselves are pretty shitty organizations and mandatory participation rules/ automatic salary deductions for union dues is also fucked up. I don't like a lot of this, but I find it hard to through unions and labor under the bus.

Fri, 03/25/2011 - 10:34 | 1099367 dizzyfingers
dizzyfingers's picture

I'd love to have an account of where that 300K went.

Thu, 03/24/2011 - 18:37 | 1097211 Reptil
Reptil's picture

A link would be nice. Or.. better yet, a video. "Mob" is quite open to interpretation, and so is "unruly".

In the morning, before coffee, I'm "unruly".

thanks!

Thu, 03/24/2011 - 18:53 | 1097289 X. Kurt OSis
X. Kurt OSis's picture

No link, coming to you live from the ground... And the video on my blackberry sucks.

Thu, 03/24/2011 - 18:56 | 1097305 Filthy Rotter
Filthy Rotter's picture

Don't worry...their stock fell today!

Thu, 03/24/2011 - 19:03 | 1097328 X. Kurt OSis
X. Kurt OSis's picture

It fucking should. This archane brick is useless.

On the train now. Cold and hungry. Need to food and a sweatshirt or something to effectively riot.

Thu, 03/24/2011 - 19:03 | 1097333 PY-129-20
PY-129-20's picture

Yes, it is open to interpretation.

Like: Homegrown terrorists sent by Qdaffy to destroy American wealth.

Thu, 03/24/2011 - 19:51 | 1097512 HedgeYourself
Thu, 03/24/2011 - 20:01 | 1097554 X. Kurt OSis
X. Kurt OSis's picture

That's the one.

Thu, 03/24/2011 - 18:31 | 1097190 Id fight Gandhi
Id fight Gandhi's picture

Amazing how fraud And free money for the rich can run a market.

Thu, 03/24/2011 - 18:32 | 1097196 bob_dabolina
bob_dabolina's picture

/es is only up 3 and change AH

What's the hysteria?

Thu, 03/24/2011 - 18:42 | 1097234 alien-IQ
alien-IQ's picture

are you looking at a live chart or posting from a driod at a bar after too many happy hour martinis?

Thu, 03/24/2011 - 18:46 | 1097248 bob_dabolina
bob_dabolina's picture

Definately looking at the live chart.

/es + 4 now.

update: 3.25

updte: 3.50

...do you want me to continue or are you good with your MW quotes?

Thu, 03/24/2011 - 18:48 | 1097254 reading
reading's picture

How live is it if you can't see the print at 5:20 that took it to 1314 in about 3 seconds?

Thu, 03/24/2011 - 18:48 | 1097264 bob_dabolina
bob_dabolina's picture

The same quixotic behavior occurs when /es plunges and then by some act of unicorn prancing shortly thereafter goes to unch.

The fucking market is a big fart joke.

Thu, 03/24/2011 - 19:31 | 1097433 jedimarkus
jedimarkus's picture

I guess Kansas had to buy a 10 lot...

Thu, 03/24/2011 - 18:47 | 1097255 alien-IQ
alien-IQ's picture

then look at a 1 minute chart and look at the move @ 5:20 pm and tell us if you see anything out of the ordinary.

Thu, 03/24/2011 - 18:50 | 1097267 bob_dabolina
bob_dabolina's picture

Don't know where you've been for the last 3 years but out of the ordinary is very much ordinary now.

Thu, 03/24/2011 - 18:51 | 1097281 alien-IQ
alien-IQ's picture

then don't worry about it. nothing to see here...move along.

Thu, 03/24/2011 - 18:56 | 1097290 bob_dabolina
bob_dabolina's picture

It's a couple big players pushing the market around. This shit happens. Even Cramer has admitted to doing shit like this...

update for you: /es still @ +3.50

Thu, 03/24/2011 - 19:10 | 1097367 NotApplicable
NotApplicable's picture

Yeah, but he did it for the widows and orphans.

Thu, 03/24/2011 - 21:02 | 1097749 disabledvet
disabledvet's picture

who?  who!  WHOOOOOO! or as was said in the movie Pale Rider, "you?  You!  YOOUUUUUUUU"

Thu, 03/24/2011 - 19:11 | 1097378 SheepDog-One
SheepDog-One's picture

I dont see what the big deal is, probably be gone plus some by open in the morning anyway. The dollar is screwed, only option they have is to screw it more, who cares what BS stocks do. 

Thu, 03/24/2011 - 18:32 | 1097197 Cognitive Dissonance
Cognitive Dissonance's picture

Now that's a fat finger.

Thu, 03/24/2011 - 18:47 | 1097258 reading
reading's picture

Looks like the fat finger is quietly trying to sell themselves back out...see how that goes for them.

Thu, 03/24/2011 - 18:32 | 1097200 Paul Krugman
Paul Krugman's picture

I don't understand this post. Are you saying that your earlier post was a fabrication and that you were offering shares in the after hours. How could they call the bluff and then they "took our every offer in ES afterhours"?????

Thu, 03/24/2011 - 18:49 | 1097269 nevadan
nevadan's picture

I agree.  Whose bluff was it?

Thu, 03/24/2011 - 19:14 | 1097385 NotApplicable
NotApplicable's picture

I understand it as the leaker doing a double head-fake bluff to sucker in the masses before they do QE3 for real.

I still expect more stuff to break before Benron "gives in" to those crying "Save us!"

Thu, 03/24/2011 - 19:16 | 1097387 werealldoomed
werealldoomed's picture

Was wondering the same thing; Need clarification..

Thu, 03/24/2011 - 21:05 | 1097756 What does it al...
What does it all mean's picture

Because the Emini was smacked down...  And currently trading near 1308...  So, somebody sold them, dis-regarding the potential for QE3.

Fri, 03/25/2011 - 01:13 | 1098512 StychoKiller
StychoKiller's picture

Curiously, I just finished reading http://en.wikipedia.org/wiki/In_the_Mouth_of_Madness ("In the Mouth of Madness")

when I stumbled onto your post...

Thu, 03/24/2011 - 18:36 | 1097209 monopoly
monopoly's picture

Tyler, do you ever miss anything. Just unreal. ty.

Thu, 03/24/2011 - 18:43 | 1097232 kengland
kengland's picture

There is at least 40 TD's. Has to be. Marla wrote something about this a while back.

 

My guess is Cheeky moved to TD. It's a real bummer. He was a uncommon man who could speak to a common man.

Thu, 03/24/2011 - 18:57 | 1097311 Duuude
Duuude's picture

 

We have a winner !

 

Thu, 03/24/2011 - 19:03 | 1097331 John Law Lives
John Law Lives's picture

Maybe the title of "TD" akin to the title of "Dread Pirate Roberts" from The Princess Bride... except there is more than one "TD" at any given time.

Thu, 03/24/2011 - 18:40 | 1097222 Careless Whisper
Careless Whisper's picture

can you please bluff somethin about EBIX. it was the train wreck du jour.

Thu, 03/24/2011 - 18:44 | 1097238 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

I thought the US economy (and other economies) couldn't 'handle' oil over $90 a barrel.. well?

Note also, i 6 days, the DOW and S&P have recovered all their losses since the Japan 'incident'... who would have thought that Japan (3rd largest economy in the world) didn't matter?

Thu, 03/24/2011 - 18:44 | 1097245 Racer
Racer's picture

They just gon an broke all their windahs so will need them reeplacin

Thu, 03/24/2011 - 18:53 | 1097284 BORT
BORT's picture

The average person is planning their days on oil and gas prices.  In my town, any drop in gas ($.20) leads to lines at gas pumps.  Any rise leads to no one at the pumps.  People watching this commodity this close means it is hitting home big time.  The data this summer will be awful.  I think the Fed will not be able to do QE3,  but hell, I've been wrong many times before

Thu, 03/24/2011 - 19:04 | 1097335 Racer
Racer's picture

Yes and I have noticed a lot of people are filling up with small amounts of petrol/diesel now

Thu, 03/24/2011 - 19:52 | 1097515 Rogerwilco
Rogerwilco's picture

Yeah, who wudda thought.

Sometimes the truth stares us in the face, but we still prefer the fairy tale.

Thu, 03/24/2011 - 20:12 | 1097584 spekulatn
Thu, 03/24/2011 - 21:06 | 1097757 WonderDawg
WonderDawg's picture

You equate the economy with the markets. Our economy is fucked. Take out deficit spending and GDP is down around 10%. It can't go on forever, and it won't. Contrary to what you may have been told by the MSM, there is no "recovery" and the markets are a joke. The markets have experienced a two year reprieve from the depression that we have been in for a couple of years now, but the magical levitation won't last forever either. The truly bad shit hasn't even started yet.

Fri, 03/25/2011 - 01:04 | 1098498 laughing_swordfish
laughing_swordfish's picture

+100.

We have no recovery. We have no economy.

Who are you going to believe..your lying government or your truthful eyes?

Thu, 03/24/2011 - 22:15 | 1097998 UninterestedObserver
UninterestedObserver's picture

? LOL yeah $105 oil is no big deal - what are you smoking? It takes more than 2 weeks for the effects to filter down into the BS statistics the gubmint will spew.

Thu, 03/24/2011 - 18:44 | 1097246 bogey4
bogey4's picture

I was watching that too, but figured it was the ORCL earnings, although it seemed like a helluva pop on so-so earnings.  It did back off to finish at 1308.50.

Thu, 03/24/2011 - 19:06 | 1097339 Racer
Racer's picture

And RIMM's earnings?!

Thu, 03/24/2011 - 18:46 | 1097252 Genzero
Genzero's picture

Damn you Waddell and Reed!!

Damn you to hell! 

Thu, 03/24/2011 - 18:47 | 1097253 chump666
chump666's picture

yeah we got meltup's on crosses QE3 is now being prices in...bull trap though, should sell when UST yields spike again and China starts to get frustrated at oil/food spikes.

Thu, 03/24/2011 - 18:57 | 1097257 depression
depression's picture

QE-3 in da house !

NQ (Nasdaq 100 index) futures spiked 25 points in one trade of 1234 contracts at 17:20:56

Seriously,  1234 contracts, who makes this shit up !

Waddle and Reed go go go!!!!!!!!

Thu, 03/24/2011 - 18:57 | 1097307 alien-IQ
alien-IQ's picture

must be in anticipation of RIMM shaking off this after hours bloodbath tomorrow by soaring to new all time highs based on lousy earning and even worse guidance and taking the entirety of the tech sector for a glorious ride on it's coattails.

makes perfect sense to me.

another scotch please...neat...and...fuck it...make it a double.

Thu, 03/24/2011 - 19:09 | 1097360 John Law Lives
John Law Lives's picture

Talisker 18-year

http://www.klwines.com/detail.asp?sku=1013991

A tad expensive, but a damn fine choice...

Thu, 03/24/2011 - 19:17 | 1097388 alien-IQ
alien-IQ's picture

While I'm partial to The Glenlivet...I would not refuse a Talisker...that would be rude...especially if someone else is buying:-)

Thu, 03/24/2011 - 21:05 | 1097760 disabledvet
disabledvet's picture

Johnny Walker please...

Fri, 03/25/2011 - 00:18 | 1098392 msamour
msamour's picture

I prefer Chivas Regal Royal Salute myself, but these days who can be picky.

Fri, 03/25/2011 - 00:44 | 1098455 X. Kurt OSis
X. Kurt OSis's picture

Only the Macallan and in addition to being economical, I actually prefer the 12 year.

Thu, 03/24/2011 - 19:14 | 1097384 SheepDog-One
SheepDog-One's picture

The worse the news the better! Yipee!!

Thu, 03/24/2011 - 19:07 | 1097351 John McCloy
John McCloy's picture

1234..

I heard some people use that as their lock combination

Thu, 03/24/2011 - 18:50 | 1097268 Misean
Misean's picture

How much does HP rely on Japan for printer parts?

Thu, 03/24/2011 - 18:50 | 1097271 riffraffy
riffraffy's picture

Knarly after-hours margin call?

Thu, 03/24/2011 - 19:02 | 1097319 Cult_of_Reason
Cult_of_Reason's picture

It was a margin clerk unwinding short ES position.
It has nothing to do with QE-3. Tyler is full of beans (gold and silver positions). There will not be any QE3.

Thu, 03/24/2011 - 21:08 | 1097764 disabledvet
disabledvet's picture

you mean "in markets it's not possible for rumors to become fact"?  meanwhile "they're hoarding bottled water in Japan...

Thu, 03/24/2011 - 18:51 | 1097276 TooBearish
TooBearish's picture

ES rallies on front running QE3 - is there an announcement tomorrow or some such shite? - fuk man  thats not until June fer Chrissake all thats going on is a Quarter End ramp to pad results by the heggies

Thu, 03/24/2011 - 18:57 | 1097306 Id fight Gandhi
Id fight Gandhi's picture

Announcing qe3 would shoot oil over 120 and gas well above $4/gal in a day. Doesnt the fed know this?

Thu, 03/24/2011 - 19:13 | 1097379 John Law Lives
John Law Lives's picture

The Fed Chairsatan refuses to accept that its policies are a root cause of surging food and energy prices.

Thu, 03/24/2011 - 19:56 | 1097529 Id fight Gandhi
Id fight Gandhi's picture

What's with this quarterly q&a he will be doing?

Thu, 03/24/2011 - 22:16 | 1098000 UninterestedObserver
UninterestedObserver's picture

It will be scripted - they can't have him stuttering and sweating every quarter like 60 minutes

Thu, 03/24/2011 - 20:36 | 1097669 SheepDog-One
SheepDog-One's picture

Agreed. This is the most hysterical crap ever, nothing really but a pump window dressing, whistling past the graveyard.

Fri, 03/25/2011 - 04:51 | 1098676 ZeroPower
ZeroPower's picture

+1

Thu, 03/24/2011 - 18:51 | 1097280 duncecap rack
duncecap rack's picture

Good news, silver is sitting up and shaking it's head after being suckered by that beer bottle.

Thu, 03/24/2011 - 19:29 | 1097421 whoopsing
whoopsing's picture

THAT was awesome! laughing my ass off

Thu, 03/24/2011 - 18:53 | 1097286 americanspirit
americanspirit's picture

ZeroHedge - the world in real time.

Thu, 03/24/2011 - 19:07 | 1097341 Highrev
Highrev's picture

Now that's a byline!

Thu, 03/24/2011 - 18:55 | 1097295 putbuyer
putbuyer's picture

I'm all wee weed up!

Thu, 03/24/2011 - 19:16 | 1097386 SheepDog-One
SheepDog-One's picture

+100

Thu, 03/24/2011 - 18:58 | 1097308 Caviar Emptor
Caviar Emptor's picture

Curse you Red Barron!! 

The Snoopys of the world shake their fists at you. 

Thu, 03/24/2011 - 19:14 | 1097314 bingaling
bingaling's picture

I think what people are missing here is Japan has a huge reserve of T-bills - They are going to spend them . That is the end game .

 

And for the conspiracy minded . Remember those huge sums of US treasuries being smuggled into switzerland and how there was specualtion they came directly from the FED( I believe it happened twice where the Japanese men carrying them in a briefcase got caught  ) .How would the US do a QE without having to look like QE and not destroy the dollar ?

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ayy1QKcwcGN0

Thu, 03/24/2011 - 19:51 | 1097501 Pez
Pez's picture

Why do you think they got caught? Can't cash 'em now, even The Bernank knows you have to be on the A-list Free-Marketeer. How dare they... good thing there's internationl law enforcement!

Thu, 03/24/2011 - 19:00 | 1097316 Blorf
Blorf's picture

Bernanke can print money, but he can't control where it ends up.  A spike in ES only doesn't make any sense, other than stupids buying on crazy internet hearsay. 

Can we start a rumor that COMEX will default on silver deliveries Monday?

Also, Citi is announcing an additional 5-1 reverse split to boost the stock to $450.  Take that, NFLX!

Thu, 03/24/2011 - 19:01 | 1097318 long-shorty
long-shorty's picture

If ZH can make the futures pop 10 big ones by just printing a rumor, I'm not sure they really need donations anymore. :-)

Thu, 03/24/2011 - 19:16 | 1097391 SheepDog-One
SheepDog-One's picture

Hardly up 3 now, big snoozer. RIMM just splatted on Wall St like a 2 week dead pig dropped from a helicopter. All highly bullish Im sure.

Thu, 03/24/2011 - 19:07 | 1097342 John McCloy
John McCloy's picture

So it does not bother anyone that the V shape reversals always come midday of a sell off at a key inflection point and that 60% of the pops are futures overnight with low volume throughout the day?

    All money thrown at a problem to do nothing but punish and act as deterence to sellers. They will try to take us back to yearly highs despite the disasters in the past month and with oil at 110.

Thu, 03/24/2011 - 19:23 | 1097406 NotApplicable
NotApplicable's picture

Did you say always? Hell, man that makes it tradable!

BTFD

Thu, 03/24/2011 - 19:06 | 1097346 InconvenientCou...
InconvenientCounterParty's picture

news flash.....Bernanke resigns before the open.

breaking.... Bernie Madoff accepts post as conjugal chaiman.

breaking.... Bernie appoints cellmate Benjamin Dover to head BLS

Thu, 03/24/2011 - 19:12 | 1097373 Racer
Racer's picture

Now that IS change for the better

Thu, 03/24/2011 - 19:10 | 1097361 Caviar Emptor
Caviar Emptor's picture

The bang for Bernank's Buck seems to be waning: In 09 QE dollars bought more ES versus CRB. But the ratio has shifted. 

Thu, 03/24/2011 - 19:12 | 1097366 gwar5
gwar5's picture

Promptlier......... gfaw! I suspect the whales are reading ZH and T. Durden is now just making the markets.

.....Even if Benocide doesn't announce QE3 they may now have enough cash flow from the Fed balance sheet to fund $750B/year QE without even calling it QE. Same thing either way.

Thu, 03/24/2011 - 19:23 | 1097402 bob_dabolina
bob_dabolina's picture

A couple funds went all coitus-to-the-wall for whatever reason and now all of a sudden people are saying QE3 is a forgone conclusion.

This is the typical greed/fear paradigm in full force.

Perhaps a few funds were passed advanced info (we are still two months from any formal announcement) but I doubt they would make it as obvious by blasting the /es with 250% leverage. Ya know, typically they try to position in stealth as to not telegraph their intentions to the world. A bold move like that typically allows the market to take advantage of your position especially with the leverage involved.

Thu, 03/24/2011 - 19:29 | 1097422 Misean
Misean's picture

Would depend a bit on how horribly things are broken. But it does have the scent of a bait shop.

Thu, 03/24/2011 - 19:42 | 1097447 bob_dabolina
bob_dabolina's picture

Not saying it's not a bait shop but what I am saying is that people jumped to conclusions real quick. I honestly have no idea what it was, maybe it was the neutron beams shooting out of Fukushima.

That's how I'm going to make my millions. I'm going to come up with a welcome mat that has different conclusions that you can...jump to.

Thu, 03/24/2011 - 21:10 | 1097778 penisouraus erecti
penisouraus erecti's picture

D'oh - Tom Smykowski beat you to it.....

Thu, 03/24/2011 - 21:09 | 1097768 penisouraus erecti
penisouraus erecti's picture

a head fake?

Thu, 03/24/2011 - 19:17 | 1097393 SheepDog-One
SheepDog-One's picture

Looks like a pump and dump type situation to me.

Thu, 03/24/2011 - 23:50 | 1098329 ATG
ATG's picture

Agree

Thu, 03/24/2011 - 19:21 | 1097397 dick cheneys ghost
dick cheneys ghost's picture

Violent protest in Brussels......

 

http://nakedempire2.blogspot.com/

Thu, 03/24/2011 - 21:13 | 1097783 disabledvet
disabledvet's picture

New Media?

Thu, 03/24/2011 - 19:30 | 1097430 johnnycass
johnnycass's picture

i don't know.  i'm with PIMCO.  There shoulde be a pause between QE2 and the inevitable.  I do not believe that this is the final blowoff phase in gold and silver just yet.  A nasty downmove separates the two phases.  I think we are seeing the culmination of Phase 2, stretching back 2 years in duration, fueled by institutional money.  Phase 3 willbe when the retail space truly kicks in.  Incidentally, Phase 1 ended when JPM rescued Bear with the gov. help.  Gold dropped 350+/- points and Phase 2 began then.  It all points to a selloff in risk assets, that final one, before the ultimate parabola.  get the funds ready.  While it is essentail to own physical, and have it on you, somewhere, i suspect the futures markets will still offer leverage for YV and YG.  At least at the bottom!

Thu, 03/24/2011 - 20:05 | 1097557 bob_dabolina
bob_dabolina's picture

Are you trying to deter typographical identification? 

Seems like you went out of your way to fuck up as much as possible.

 

Thu, 03/24/2011 - 23:53 | 1098338 ATG
ATG's picture

Booyah batches

Thu, 03/24/2011 - 19:35 | 1097452 markelshark
markelshark's picture

"how anyone could be surprised that QE3 is coming is beyond us" - being surprised and putting your money where your mouth is are two very different things.

Thu, 03/24/2011 - 19:49 | 1097496 dcb
dcb's picture

Oh, and someone also tell me the last time we had a down friday, it is almost a given

Thu, 03/24/2011 - 19:56 | 1097527 RobotTrader
RobotTrader's picture

Bears screwed over again.

Thu, 03/24/2011 - 20:00 | 1097548 SheepDog-One
SheepDog-One's picture

LOL 2 days ago YOU were a bear you Bernanke butt-snorkeling hypocrite!

Thu, 03/24/2011 - 20:21 | 1097620 taraxias
taraxias's picture

RoboTroll decides to declare if he's a bear or a bull for the day.....after the close.

Thu, 03/24/2011 - 20:46 | 1097694 SheepDog-One
SheepDog-One's picture

Yep taraxis and look at his hobby, going thru every article and down voting all my posts. Are truly bored little clown.

Thu, 03/24/2011 - 20:24 | 1097630 plocequ1
plocequ1's picture

Yes. Futes up big.

Thu, 03/24/2011 - 20:41 | 1097680 SheepDog-One
SheepDog-One's picture

Up 2 on the German S&P is up big? 14 on the DOW is a big deal? Wow people are easily impressed these days in this psycho market.

Thu, 03/24/2011 - 20:05 | 1097560 Franken_Stein
Franken_Stein's picture

Silver today got into a melee and received some bruises and contusions here and there.

Nothing serious, no jaws broken.

Silver has good stamina.

Thu, 03/24/2011 - 20:31 | 1097648 chindit13
chindit13's picture

I believe it's a neutron beam, resulting from a compromise to the integrity of the information coming from TEPCO about Reactor No. 3, and a China Syndrome event that shot right through the Earth from Fukushima to Bernankeville, the land where everybody beats their benchmark.  It seems somebody is adjusting their beta and getting an extra shot of gamma at the same time, all to raise their alpha.  And wouldn't you know even neutron beams only go up, never down.  Anyway, I crushed up some potassium iodide tablets and rubbed them on my Bloomberg screen, and it seemed to drop back to safe levels.  I fear my water next to the screen got irradiated, though, because now its has this taste like single malt, neat.

Thu, 03/24/2011 - 21:15 | 1097787 disabledvet
disabledvet's picture

my question is "when the neutron beam 'beams'--is it straight up?  Or does is...zap over there then zap over there then zap up there then zap...

Fri, 03/25/2011 - 08:06 | 1098841 CitizenPete
CitizenPete's picture

travels from source straight in any direction  -- in your ear and out the other

Thu, 03/24/2011 - 20:31 | 1097649 Chasecran
Chasecran's picture

Sorry guys, I meant to put in an order for 9 and accidentally put in for 9797.  I sure do hope it goes back up.  Not worried though with Benny and Timmy!  (Please buy tomorrow)

Thu, 03/24/2011 - 20:39 | 1097678 Republican Lackey
Republican Lackey's picture

Commodities are going down big time. The Bernank is one cool cucumber.

Thu, 03/24/2011 - 20:42 | 1097690 SheepDog-One
SheepDog-One's picture

Which commodities?

Fri, 03/25/2011 - 08:03 | 1098825 CitizenPete
CitizenPete's picture

evidently Republicans

Thu, 03/24/2011 - 20:53 | 1097710 corzoj
corzoj's picture

Man, its been so long since i posted that i am excited as all hell...

Go Silver...

 

Thu, 03/24/2011 - 20:53 | 1097711 coastalwn
coastalwn's picture

 can anyone comment on dptr...  up or dn short term?

Thu, 03/24/2011 - 21:11 | 1097773 dcb
dcb's picture

Oh, add that 20 was just about to cross 50 giving a sell signal, so they also want to avoid that. anyone thinks th ebig bous don't know exactlyu how much money they beed to stop this stuff from happening is insane. also we crossed back about the 50 day moving average today whuch is also abuy indicator for some.

not sure why thiese things don't get mentioned in your commentary. Love ZH, but jeusus, sometimes may you should think about other reasons that you own bias that things happen.

 

I flush the analysys of this one and investigation of other reasons down the toilet.

Bad job on this one tyler!! 

Thu, 03/24/2011 - 21:19 | 1097792 raya123
raya123's picture

There will be no QE3 announcement anytime soon, guaranteed.

Thu, 03/24/2011 - 21:36 | 1097841 Yits and the Yimrum
Yits and the Yimrum's picture

you need to lay off the deflationary bong or it's off to la la land for ya!

"Prints" is in the house, and he is printing for the bankters so real goods and other valuable stuff (like real money) are going to the moon

but of course, you could listen to Precter and lose big time

if the printing moves over to the IMF, it is still printing and thus most certainly should be called QE3

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