Must.Close.At.Highs.Of.Day

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Tue, 05/31/2011 - 16:06 | 1326283 UGrev
UGrev's picture

I LOL'd.. with a little bit of dribble from my nose as I laughed so hard, iced-tea escaped from my nostrils..

Tue, 05/31/2011 - 16:09 | 1326286 HamyWanger
HamyWanger's picture

Hilarious. The poor leveraged bears who were still in the market, hoping to "make their year"  on a logic correction for the end of QE2 just got slaughtered like hogs. 

The Pigmen once again achieved the unthinkable. 

Tue, 05/31/2011 - 16:14 | 1326327 Platinum_Investor
Platinum_Investor's picture

Are there seriously bears around anymore?  Everyone knows there is unlimited stimulus

given.  It's only printing of more money, simple no pain no fuss.

Tue, 05/31/2011 - 16:18 | 1326368 HarryWanqer
HarryWanqer's picture

Yes, but they are de-clawed, sedated, and recently stampeded.  DOW 36,000!

Tue, 05/31/2011 - 16:25 | 1326390 homersimpson
homersimpson's picture

...while the stock bulls are just outright stupid. DOW 3000!

Tue, 05/31/2011 - 16:42 | 1326471 Mec-sick-o
Mec-sick-o's picture

DOH!

It will be both!  It will screw those leveraged on both sides.

Can you follow the ball?

Tue, 05/31/2011 - 16:42 | 1326489 Mec-sick-o
Mec-sick-o's picture

DOH! (dup. post)

Tue, 05/31/2011 - 16:52 | 1326518 superman07
superman07's picture

The DOW will be one moldy piece of bread and a scap of cheese in real value.

Tue, 05/31/2011 - 17:52 | 1326703 gerd
gerd's picture

You better be fully levered in stocks to try to keep up with the depreciation in your house and currency.

Tue, 05/31/2011 - 21:49 | 1327291 Frankie Carbone
Frankie Carbone's picture

Hey I've got an idea. 

Go long XYZ:USD pair with serious leverage. Like 200:1.

Since it's a faite compli to hit the shitter (the dollar), every few days cover your position and buy a hunk of gold. 

Yeah, I know. It's not fair. You're trading paper and getting literally free money (gold) out of it. 

I have a name for this trade: Quantitative Dis-easing. 

The other half of the pair could be anything, literally. 

XYZ = 2001 Argentinian pesos. Go long on this pair!

XYZ = 1923 German Deutchmarks. Long baby long!

Shit, make topsoil, clamshells, or hambones the long side of this pair. You can't lose!

Tue, 05/31/2011 - 17:54 | 1326714 gerd
gerd's picture

You better lever up your stocks to try to keep pace with your depreciating house and currency.  Why does this make you so happy to see this utter abortion of capitalism?  Don't you feel the list bit badly for future generations?!

Tue, 05/31/2011 - 20:52 | 1327188 Quaderratic Probing
Quaderratic Probing's picture

CRAPITALISM

Tue, 05/31/2011 - 16:24 | 1326384 Platinum_Investor
Platinum_Investor's picture

Well I for one just emailed my broker and told them to figure out a strategy

to reduce my holdings by 25% by the end of next week.  I'm not feeling that

QE 3 is going to happen as soon as people expect.  I guess I am joining that

crowd.  Good Luck to you on your Dow 36,000

Tue, 05/31/2011 - 16:34 | 1326441 JW n FL
JW n FL's picture

Wait!!

 

Hold on to that Paper!!!

 

if the Fed Printed $3 trillion in debt.. and another $15 Trillion in Loans (this does Not! include swap windows and TARP / TALF and so fucking on...) over three years..

 

$18 Trillion divided by 3 years ='s $6 Trillion in New Supply is Printed a Year!

 

$6 Trillion Dollars divided by 365 days ='s $1,643,835,6164 a Day in in New Supply is Printed a Day!!

 

$1,643,835,6164 Billion a Day divided by 24 hours in a Day ='s $684,931,506 an hour in New Supply is Printed an Hour!!!

 

http://goo.gl/FnxBZ  Treasury Direct $14 Trillion Debt

http://goo.gl/TMl74   $15 Trillion in Loans

http://goo.gl/EXzal  / ='s $29T

 

They will print again the stock market can Not Fail! just becuase you dont see the super secret loans! @ 0.01%!!!! LMFAO!!!!!!!!!!!!!!!!!!!!!!!!

Tue, 05/31/2011 - 18:39 | 1326843 Fedophile
Fedophile's picture

I agree. The Fed will wait it out until the banksters, and by extension the politicians, are begging to loot savers and the poor; just like a meth junkie crying out for a hit.

Tue, 05/31/2011 - 16:16 | 1326357 Re-Discovery
Re-Discovery's picture

May only short commodities.  Or the Matrix agents will come for you.

Tue, 05/31/2011 - 16:26 | 1326363 duncecap rack
duncecap rack's picture

Whoops

Tue, 05/31/2011 - 16:20 | 1326379 homersimpson
homersimpson's picture

Only dumbasses would think this is funny. For every point that SP500 index ticks up, billions in taxpayer cash is blown.

Tue, 05/31/2011 - 16:41 | 1326465 SheepDog-One
SheepDog-One's picture

You want to see something really un-funny, wait until the endgame is executed pretty soon here and all the fattened up ETF pensions and 401K's are confiscated by the Treasury upon the next 'unforeseen economic emergency' which will be pretty soon. Its so obvious what the endgame is here its crystal clear, yet most people cant see it.

Tue, 05/31/2011 - 17:10 | 1326594 knukles
knukles's picture

OK, so the Rapture is one week late is what you're saying?

Tue, 05/31/2011 - 22:10 | 1327331 Frankie Carbone
Frankie Carbone's picture

I bought 50 way out of the money 10/22 October DXD calls @ 22 strike for 50 cents apiece. To give me peace of mind in case the fuckers who own America had some misdirection up their sleeves. 

The risk I am addressing is that they actually do end QEII (for a SHORT period only) long enough to blow up commodities (bake that 6-8 months into the cake via futures contracts and it's good for re-election cheap(er) food = happy sheep!) and fuck with grandpa's retirement pension. That might be the one thing that'll piss off the sheep more than canceling Survivor! 

Frightened, agitated, and pissed off sheep, feeling their wealth effect vaporize will DEMAND ACTION. 

FIX MY DAMN 401K! 

To wit the President, Barry Soetoro, might respond, "well, we can address this. We have this neato modern method of instant prosperity called Quantitative Easing. It's what made your 401K's fat again after the 2008 wipeout. 

We'll crank it up and viola!, you'll all be rich again in no time. 

The annihilation of commodities would do well to initially masking the additional inflationary pressures. The deleveraging of the non-TBTF's and the subsequent transient bout of deflation would both appease their TBTF masters (who, being well capitalized and NOT lending would get through it, but their competition, the little institutions would get mauled) and provide some -albeit short lived - time buffer for the price pressures that ChairSatan's helicopters would create. 

In short, you get the follow: 

1. Consent of the "governed" to run the press and restore their wealth, since it worked so well in 2009. (*someone punch me in the face for putting that into writing*)

2. Price pressure relief from QE 1 and QE 2, via a short, but intense bout of deflation. 

3. Hero status for "fixing the stock market so quickly", preserving our savings, and restoring *cough* faith in America's central bank. 

4. "Proven instability" in the markets, suggesting that an offer to replace your 401K with guaranteed yield treasury retirement accounts (what I call the 0.401K) forthcoming. 

Odd of this? Ohh, I'll say 1 in 10 (pricing manipulation risk is effectively impossible). But it is a finite risk, and I am addressing it. The other 99% of my portfolio is long as I think the Bernank is hell bent on ass fucking the dollar. 

Tue, 05/31/2011 - 16:08 | 1326290 Fidel Sarcastro
Fidel Sarcastro's picture

SkyNet was activated for the END-OF-MONTH window dressing at exactly 15:32pm EST.

Tue, 05/31/2011 - 16:46 | 1326459 disabledvet
disabledvet's picture

"and the robots upon becoming aware and pimping this bad boy looked at their watches and realized...STILL TIME FOR HAPPY HOUR!"

Tue, 05/31/2011 - 16:06 | 1326295 nope-1004
nope-1004's picture

if {dow.closing.low} ||and||

  {dollar.in.freefall}

 

function(speculators[blamegame])

    run [blamegame] weekly

end

 

Tue, 05/31/2011 - 16:21 | 1326369 Amish Hacker
Amish Hacker's picture

Forbidden. You do not have read/write privileges in this directory.

Tue, 05/31/2011 - 23:00 | 1327467 A Nanny Moose
A Nanny Moose's picture

chmod +777 /HFTAlgo

Tue, 05/31/2011 - 17:34 | 1326660 swissinv
swissinv's picture

Do

Money.print

Loop

Wed, 06/01/2011 - 06:23 | 1327850 foofoojin
foofoojin's picture

Do while People.sleep =  true

     goverment.lie(People)

     goverment.steal(People)

     govement.infeable(People)

     goverment.disarm(People)

     goverment.enrich(goverment)

     document.erase(Constitution)

     document.erase(BillOfRights)

     S.E.C = S.E.C + G.S.executive(random)

     FalseFlagEvent.timer = 24*hour

     SexScandaleEvent.timer = 96*hour

     Republican.Candidate.President =  Celibrity.B-list(random)

     if TBTF = FAIL

           solution(Socialism)

     elseif NOT TBTF = FAIL

           solution(Capitalism)

      finaly

           collect.money(TBTF)

     Print.Money.Rate((DaysTillElection)/1)

Loop

Tue, 05/31/2011 - 16:08 | 1326296 sbenard
sbenard's picture

Dow up 128 points on universally bad economic data. This isn't a market! It's a scam!

I keep buying because the market keeps rising, but how can this go on with the market so disconnected from reality?

Tue, 05/31/2011 - 16:09 | 1326320 Boilermaker
Boilermaker's picture

Check out IYR or SPG.  Every single piece of data is devastating to them.  Yet, slammed to 52 week highs.

Unfuckingreal

Tue, 05/31/2011 - 16:24 | 1326388 NotApplicable
NotApplicable's picture

It can go on as long as you and all of the other players remain in the casino.

It will all turn on a dime as soon as the stupid money tries to head out the door.

Tue, 05/31/2011 - 17:00 | 1326554 Rynak
Rynak's picture

how can this go on with the market so disconnected from reality?

You need to stop thinking about price a consequence of supply and demand. It can be used for this, but does not need to. At the most basic level, "exchange rate" in the big picture simply is a way to manipulate wealth distribution. Or to put it more simple: Consider money and exchange rate simply a way to define who may aquire which goods.

So, it is not the goods that are manipulated.... it is the laws of how goods change hands that are manipulated.

The "cost" of this manipulation is currency destruction.

Or to put it really simple: They're ripping everyone off and destroying the currency in the process. After the currency is destroyed and the reset button is pushed, those who during this giant "landgrap" aquired goods, still own them.

Currency no longer matters - it's what the currency is traded for, that matters.

Tue, 05/31/2011 - 16:09 | 1326299 Cdad
Cdad's picture

LOL!  So true.  Now the Roach Motel [SPY] is sitting there with its RSI at infinity at the exact moment criminal syndicate Wall Street bankers close the book on May.  Bonus anyone?  Market credibility has now gone from zero to negative.  Nice arb trade today...so ridiculously obvious.

Would someone please check on Mary Shapiro...to see if there is even a pulse there. 

Our Republic is on her knees.

Good grief [and by that I mean could it all be any more obvious?]

Tue, 05/31/2011 - 16:07 | 1326305 Boilermaker
Boilermaker's picture

Are you suggesting the ramp up is artificial?

TD, why don't you ever write about the garbage going on with the REITs?  Of course, they jammed higher also to new 52 week highs.  How about exposing that charade?

Tue, 05/31/2011 - 16:12 | 1326326 Robslob
Robslob's picture

And no one thinks for 1 second China could be dumping their worthless FRNs into valuable American companies they will own later? Once China is fully invested in American companies enter (crash mode) programs.

Tue, 05/31/2011 - 16:31 | 1326444 SheepDog-One
SheepDog-One's picture

Yea thats exactly whats going on. The sheeple are being sold out, and retirements fattened up for the kill, yet these stupid stock buying 'bulls' are convinced the criminal banksters are doing them some personal favor? Man Im going to spend days laughing when the rug gets pulled out.

Tue, 05/31/2011 - 16:12 | 1326337 Chasecran
Chasecran's picture

This is beyond rediculous.  My leverage is about to go to ZERO.

Tue, 05/31/2011 - 16:18 | 1326348 wandstrasse
wandstrasse's picture

why don't they just print as much money as any banker wants at any point of time? What is the trading detour good for?

Tue, 05/31/2011 - 16:46 | 1326506 SheepDog-One
SheepDog-One's picture

Why even hide it? What, the criminal bankster cabal is blushing? No ones going to do anything to stop them anyway, why not just hand billions to the bankers daily? UNLESS in the backs of their minds they realize it COULD all go wrong, and they might all be held accountable. But thats only 1 in a billion chance at this point.

Tue, 05/31/2011 - 16:15 | 1326354 dvsteenk
dvsteenk's picture

reversal tomorrow

Tue, 05/31/2011 - 16:18 | 1326355 Herne the Hunter
Herne the Hunter's picture

I don't understand how this works... Sack buys up massive quantities of ES... how then does this make the individual components of S&P500 rise?

Tue, 05/31/2011 - 16:20 | 1326367 dvsteenk
dvsteenk's picture

leverage

Tue, 05/31/2011 - 16:25 | 1326410 Cdad
Cdad's picture

how then does this make the individual components of S&P500 rise?

He doesn't have to move individual components.  Bonus seeking criminal Wall Street banker driven algorithmic machines do that lifting, with your money, of course.  And magically, at the end of a session like this, they go home flat having dumped the underlying equities to dumb ass ETF funds.

This is the end of the Republic staring us right in the face.  These guys have busted the rule of law, and crony capitalist companies are right in bed with it all.  And apparently, Mary Shapiro is currently in cryogenic freeze.

Brutal...what is happening.  Goodbye middle class.  Goodbye freedom.  Goodbye America.

Tue, 05/31/2011 - 16:33 | 1326449 SheepDog-One
SheepDog-One's picture

And the ETF's theyre dumping to are what? Pensions and 401k's, which will get the rug pulled out and confiscated by the Treasury pretty soon. Its obvious, but 'stock bulls' are oblivious, convinced theyre just getting a favor handed their way.

Tue, 05/31/2011 - 17:40 | 1326672 Cdad
Cdad's picture

Yep yep.  The ultimate dumb, long, buy and hold asset owner is going to get the bill on all of this HFT magic.  No doubt.

401 k accounts are getting a nice distribution of Chipotle, for example.  When the HFT magic made that stock big enough to move from the S&P 400 to the S&P 500, 401 k account index fund holders got the tab...and since there are too few suckers left to actually pay up for this nonsense, a magical synthetic buyer was created.  Hello Average Joe.

The scams are piling up.  Today's action fooled only the dumbest folk in the room.  And mark my words, now that the XRT has been jam packed with all manner and sort of ridiculously priced retail equities, it is time for that creation units machine, in particular, to have a serious problem with its toner cartridge.

Tue, 05/31/2011 - 16:26 | 1326396 mfoste1
mfoste1's picture

dont fight the fed, resistance is futile....why not just wait till QE ends to short lol?

Tue, 05/31/2011 - 16:23 | 1326397 The Fonz
The Fonz's picture

Today cost me a fortune. I was short today, there was no real reason for me to lose so much money. The moral rewards of defying uncle gorilla is wiped out from the losses incured doing so. I do not know if any person would be wise to be on either side of a market that simply has no foundation in economic activity and draws all of its strength from political manuvering to tap every bit of wealth from the producers on the way to its own destruction.  I will think a bit longer, however today was a very painful experience.

 

Does anyone else here think that being short equities is still a good idea?

 

 

Tue, 05/31/2011 - 16:24 | 1326408 dvsteenk
dvsteenk's picture

it was programmed days in advance, perfectly correlated trade (...for insiders)

Tue, 05/31/2011 - 16:32 | 1326427 iLoveMisesToPieces
iLoveMisesToPieces's picture

The oligarchy has to pull the rug out at some point.  They can't let their balance sheets deflate, but at the same time, they need an event to scares the serfs into begging for more QE.  They can also front run some shorts and pick up some real assets at the bottom.  Win-win (for them anyways).

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