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Meanwhile Afterhours...
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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Promptlier. Nice.
Awww, man! I was gonna be the first poster and, oddly enough, 'promptlier' was gonna be the subject.
Well played, Porky.
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?
Thats what I'd say.
I wouldn't.
I'd say "Are we sure this isn't a blatant attempt to get as many people..."
DavidC
It's "Ground Hog Day" meets "Three Card Monty".
Follow the money (AUD/JPY)
Margin hike on the SPUs must be coming ....
HAHHAHAHAHAHHAHAAHHAHAHAHHA :/
Ben and Timmy won't allow CME to stop the madness...
We keep recovering from these margin hikes promptlier and promptlier and promptlier.
Most soitantly Le Gran Fromage will speak to this from his Telepromptlier.
You mean: Obummer, le piqûre grand et maigre prend la parole à partir de son télésouffleur...
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??
"Why are their heads not hanging off the Brooklin bridge???"
Why indeed. Because there are only sheeple now?
To the moon ... and beyond!!
"promptlier" will do nicely!
It's a bitch being a bear.... bitchez.
This just in: unruly mob marching down broadway towards Wall Street. I'm not even kidding.
New Yorkers always look like that
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.
Get some pics. Report back
Thanks for the report, Kurt.
hookers and coke dealers raising margin requirements
BTFD in hookers and coke.
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)
CALL ME
Do you like wings or thighs? I'll make sure I put some leftovers aside.
These days only Fukushima melt your face off wings.
Let them eat iPads...
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.
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.
I'd love to have an account of where that 300K went.
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!
No link, coming to you live from the ground... And the video on my blackberry sucks.
Don't worry...their stock fell today!
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.
Yes, it is open to interpretation.
Like: Homegrown terrorists sent by Qdaffy to destroy American wealth.
This one ? - http://march24ny.wordpress.com/
That's the one.
Amazing how fraud And free money for the rich can run a market.
/es is only up 3 and change AH
What's the hysteria?
are you looking at a live chart or posting from a driod at a bar after too many happy hour martinis?
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?
How live is it if you can't see the print at 5:20 that took it to 1314 in about 3 seconds?
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.
I guess Kansas had to buy a 10 lot...
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.
Don't know where you've been for the last 3 years but out of the ordinary is very much ordinary now.
then don't worry about it. nothing to see here...move along.
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
Yeah, but he did it for the widows and orphans.
who? who! WHOOOOOO! or as was said in the movie Pale Rider, "you? You! YOOUUUUUUUU"
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.
Now that's a fat finger.
Looks like the fat finger is quietly trying to sell themselves back out...see how that goes for them.
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"?????
I agree. Whose bluff was it?
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!"
Was wondering the same thing; Need clarification..
Because the Emini was smacked down... And currently trading near 1308... So, somebody sold them, dis-regarding the potential for QE3.
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...
Tyler, do you ever miss anything. Just unreal. ty.
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.
We have a winner !
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.
can you please bluff somethin about EBIX. it was the train wreck du jour.
I thought the US economy (and other economies) couldn't 'handle' oil over $90 a barrel.. well?
Note also, i 6 days, the DOW and S&P have recovered all their losses since the Japan 'incident'... who would have thought that Japan (3rd largest economy in the world) didn't matter?
They just gon an broke all their windahs so will need them reeplacin
The average person is planning their days on oil and gas prices. In my town, any drop in gas ($.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
Yes and I have noticed a lot of people are filling up with small amounts of petrol/diesel now
Yeah, who wudda thought.
Sometimes the truth stares us in the face, but we still prefer the fairy tale.
$125 oil is the new $90.
http://pragcap.com/the-guru-outlook-leon-cooperman
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.
+100.
We have no recovery. We have no economy.
Who are you going to believe..your lying government or your truthful eyes?
? 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.
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.
And RIMM's earnings?!
Damn you Waddell and Reed!!
Damn you to hell!
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.
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!!!!!!!!
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.
Talisker 18-year
http://www.klwines.com/detail.asp?sku=1013991
A tad expensive, but a damn fine choice...
While I'm partial to The Glenlivet...I would not refuse a Talisker...that would be rude...especially if someone else is buying:-)
Johnny Walker please...
I prefer Chivas Regal Royal Salute myself, but these days who can be picky.
Only the Macallan and in addition to being economical, I actually prefer the 12 year.
The worse the news the better! Yipee!!
1234..
I heard some people use that as their lock combination
How much does HP rely on Japan for printer parts?
Knarly after-hours margin call?
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.
you mean "in markets it's not possible for rumors to become fact"? meanwhile "they're hoarding bottled water in Japan...
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
Announcing qe3 would shoot oil over 120 and gas well above $4/gal in a day. Doesnt the fed know this?
The Fed Chairsatan refuses to accept that its policies are a root cause of surging food and energy prices.
What's with this quarterly q&a he will be doing?
It will be scripted - they can't have him stuttering and sweating every quarter like 60 minutes
Agreed. This is the most hysterical crap ever, nothing really but a pump window dressing, whistling past the graveyard.
+1
Good news, silver is sitting up and shaking it's head after being suckered by that beer bottle.
THAT was awesome! laughing my ass off
ZeroHedge - the world in real time.
Now that's a byline!
I'm all wee weed up!
+100
Curse you Red Barron!!
The Snoopys of the world shake their fists at you.
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
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!
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!
If ZH can make the futures pop 10 big ones by just printing a rumor, I'm not sure they really need donations anymore. :-)
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.
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.
Did you say always? Hell, man that makes it tradable!
BTFD
news flash.....Bernanke resigns before the open.
breaking.... Bernie Madoff accepts post as conjugal chaiman.
breaking.... Bernie appoints cellmate Benjamin Dover to head BLS
Now that IS change for the better
The bang for Bernank's Buck seems to be waning: In 09 QE dollars bought more ES versus CRB. But the ratio has shifted.
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.
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.
Would depend a bit on how horribly things are broken. But it does have the scent of a bait shop.
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.
D'oh - Tom Smykowski beat you to it.....
a head fake?
Looks like a pump and dump type situation to me.
Agree
Violent protest in Brussels......
http://nakedempire2.blogspot.com/
New Media?
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!
Are you trying to deter typographical identification?
Seems like you went out of your way to fuck up as much as possible.
Booyah batches
"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.
Oh, and someone also tell me the last time we had a down friday, it is almost a given
Bears screwed over again.
LOL 2 days ago YOU were a bear you Bernanke butt-snorkeling hypocrite!
RoboTroll decides to declare if he's a bear or a bull for the day.....after the close.
Yep taraxis and look at his hobby, going thru every article and down voting all my posts. Are truly bored little clown.
Yes. Futes up big.
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.
Silver today got into a melee and received some bruises and contusions here and there.
Nothing serious, no jaws broken.
Silver has good stamina.
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.
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...
travels from source straight in any direction -- in your ear and out the other
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)
Commodities are going down big time. The Bernank is one cool cucumber.
Which commodities?
evidently Republicans
Man, its been so long since i posted that i am excited as all hell...
Go Silver...
can anyone comment on dptr... up or dn short term?
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!!
There will be no QE3 announcement anytime soon, guaranteed.
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