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Meanwhile Afterhours...

Submitted by Tyler Durden on 03/24/2011 18:25 -0400

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 - 21:34 | 1097833 FischerBlack

Anyone who went long ES in size based on the previous "tip" from some european trading desk, my condolences. Funds take ginormous positions in levered beta? Tell me something I don't already know.

Fri, 03/25/2011 - 01:39 | 1098547 TruthInSunshine

"Sovereign Defaults & Derivatives, such as CDO, MBS and CDS, are financial weapons of mass destruction, and of money supply destruction, bitchez."

Fri, 03/25/2011 - 07:18 | 1098741 jkruffin

QE3 is officially history, there will be no more QE, folks across the country are FED up with Benny Madoff and his scam. I got everyone I know writing Congress the past two weeks, to put a stop to this price increasing scam that helps no one, but of course, the rich.

I know there are alot of ZH followers who are tired of this experiment that is breaking the everyday Joe worse than during the collapse because of the increase across the board for everything that has a price tag on it.

Write your Senators and Reps and tell them, anymore QE means civil unrest, and their re-election down the drain. Congress owns the power to stop this financial terrorist at the FED. Many of the FED reserve members have already come out saying no more QE, but Benny just hasn't gotten the message yet. It's time we gave it to him.

Fri, 03/25/2011 - 07:26 | 1098749 proprtrader1

I saw it happen and why isn't the simplest explanation mentioned? A margin call and forced sale.

Fri, 07/15/2011 - 05:58 | 1458657 hama

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Fri, 07/15/2011 - 07:53 | 1458797 hama

You're still making variations of the NT bet today... High risk gambling on securities that have already made huge moves, never planning for the party to end. Parties always end. Bankers and insiders are selling into the high prices. To succeed one needs to do what they do -- buying when it's uncomfortable. You do the opposite and keep losing.
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Fri, 07/15/2011 - 08:39 | 1458946 hama

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

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Sat, 07/16/2011 - 18:48 | 1462734 hama

The first thing in the morning ZH read makes me wonder? Is the confidence and faith in the Government and Media so destroyed that it can not be rebuilt? Not to say that I believe any one of the sons of bitches. Just sayin that some how some way, trust has to be re-invented.
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Tue, 07/26/2011 - 11:05 | 1494424 pama

It's retarded shit like this that really detracts from the quality of the site.
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Wed, 08/17/2011 - 09:14 | 1568539 pama

When it comes to London's property market, I fear there will be no fairy tale ending.
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Meanwhile Afterhours...

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