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NYSE Short Interest Jumps To Highest In 2011, Just In Time For The Squeeze

Tyler Durden's picture




 

And just like that, the short trap is set: following some sideways movement over the past several months, in which the market grotesquely, mockingly did not proceed in a straight line up, unlike the 8 month "Birinyi Ruler" period from August to March which extrapolated to about S&P 2,800 in 2 years, some (naive) investors speculated that the Fed may be losing control of the market and proceeded to short ridiculously overvalued stocks, that no longer reflect not only the economy on Earth but probably on any other life-supporting planet in the known and unknown universe, in dimensions from 3 through 10 or anything else reasonably allowed by Kaluza-Klein. As a result, just announced short interest on the NYSE for the period ending April 29 has hit a fresh 2011 high, climbing to 13.094 billion shares from 13.05 trbillion (what's a few zeroes between sociopaths). Alas, this comes just as the Treasury will do everything, and we mean everything, in its power to ram the market from the s to the p orbital, trap all the shorts, force the custodians to pull every share on borrow there is, and generally to make selling stocks illegal, probably coupled with a few thousand margin hikes in everything from precious metals to tetrahydrocannabinol over the next month just to keep traders' eyes focused on the ball, simply so it can divest some of its tens of billions in shares of AIG stock and claim victory over the tin foil clad skeptics. As usual, those hoping that the neo-feudal stock market is fair and/or efficient are about to be KYed.

 

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Tue, 05/10/2011 - 19:42 | 1261004 kengland
kengland's picture

Same goes for treasuries. Crowded

Tue, 05/10/2011 - 19:55 | 1261030 rocker
rocker's picture

I tried short treasuries and got stopped out on the second day.  I have always said, the crooks know where your money is.

Goldman Sach's software knows exactly how much is in the market and takes it.  That's why the market is rigged by

Goldman, JP Morgan, and Bank of America.  How else can they trade perfect for 90 days and only have one bad day.

The above are nothing less than thieves. Honest valuations mean nothing. Especially with no volume.

Tue, 05/10/2011 - 20:05 | 1261070 Robslob
Robslob's picture

Your fault, my fault rocker....

Let's just take the fucking money "out of play" in cash or PM's...deliver the the gift of:

Fuck You Bernanke!

Tue, 05/10/2011 - 20:27 | 1261110 slewie the pi-rat
slewie the pi-rat's picture

yep.  i just play with myself, now.  cash, BiCHeZ.

even bill bonner has been paying attention:  The Case for Cash: Why a 0% Yield Is Sometimes Your Best Bet

Tue, 05/10/2011 - 20:33 | 1261122 DoChenRollingBearing
DoChenRollingBearing's picture

Nooooooooooooo!  Not the THC too!

Oh wait, the Tinfoil Hat Brigade is THB.

Sorry, carry on.

Tue, 05/10/2011 - 21:20 | 1261207 RoRoTrader
RoRoTrader's picture

The cash thing I agree with especially for someone who knows how to be agile and use leverage when trading, which probably most don't.

MoneyWeek wrongfooted the Euro and the FTSE in a big way around the end of March (far enough back in time to be lost in the public memory) telling readers to get out of both 'right away' or words to that effect.......the FTSE and Euro went higher.

It was written like a trade call, maybe unintentional, and may turn out to be right in the longer run, but amateurs who took that line and the infered short paid.

What do you think slewie?.........looking at a daily chart of the FTSE (6045) puts it close to the top of a range back to January, but that is not to say it won't follow the Dow higher if the dOW breaks higher INTO ITS 2007 topS.......GETTING CLOSE.

i have not made a decision yet for what that is worth.......13,000 Dow is getting close

 

 

Wed, 05/11/2011 - 00:46 | 1261837 slewie the pi-rat
slewie the pi-rat's picture

i don't trade any more.  no accounts.  gold & silver US coins and cash.  no counterparty.  ever.  no leverage.  no debt.  no credit.  and, no losses.  i don't even like to write checks.  would rather use a money order. 

poor.  free.  happy. 

so, i follow the PMs, especially silver.  pretty hot stuff for the last decade, too. 

i even advise people to cash in their retirement accounts, pay the fees & taxes, and get into PMs.  why do they want the goobermint for a "partner"?  black markets are free markets.  maybe they can make this last another 35 years.  then, i'll be 100, and i'm really gonna be an asshole!!!  whoodathunkit?

Wed, 05/11/2011 - 08:33 | 1262336 augie
augie's picture

I am happy to see the "pirate" reference isn't just a moniker for you. Wish we had more people who lived the life style instead of corrupting its purpose as a novelty.

Wed, 05/11/2011 - 08:38 | 1262349 RoRoTrader
RoRoTrader's picture

i definitely like your philosophy, slewie.

Tue, 05/10/2011 - 20:46 | 1261136 Lets_Eat_Ben
Lets_Eat_Ben's picture

yeah. The system is geared to take your money from you => Take your money from the system!

BLAAAAAAH!

Tue, 05/10/2011 - 21:05 | 1261167 Sam Clemons
Sam Clemons's picture

Speaking of valuations.  Have you seen the latest Shiller data?

http://thelastcanary.blogspot.com/

The market is mainly a function of liquidity, not fundamentals.  I agree completey that the big guys can see all open positions and fully take advantage of them.

Wed, 05/11/2011 - 06:54 | 1262150 Howdan
Howdan's picture

+1

Likewise Rocker....I also tried shorting Treasuries (10yr) after 32, yes, 32 consecutive up trading sessions when they looked so overbought. But guess what - they just kept on a'risin'! This whole thing stinks to high heaven of market manipulation - I mean who in G-d's name is buying all these flippin' T-Bonds at sub 3.30% yields???

 

I too got stopped out on the second day but i've now been burned so badly that I'm not going anywhere near Treasuries anymore....can't take it being constantly squeezed.

Tue, 05/10/2011 - 21:11 | 1261189 zman78
zman78's picture

I think you're reaching a bit here with this one Tyler.  These levels can hardly be construed as being 'high'.  Relative to 2010 they are at the lower end of the mid range at best.  I've been snipping away at some cheap vix calls for Oct and farther out and will continue to do so as volty compresses.  My feeling is that we will see at least one real pullback between now and October, not this 7% garbage we seen in March.  The elastic band is streching even further...

Tue, 05/10/2011 - 22:57 | 1261577 bigelkhorn
bigelkhorn's picture

I reckon NYSE up and bonds to crack here.

 

That guy from FFT is oz is good, I been following him for a while and he called the market crash in 2008. 

 

I belong to his membership site, its awesome and has live videos and everything to follow along. 

Makes it easy to take money from the market even if you are a newbie!. 

 

His new monthly trading club is opening tomorrow, and over at :-

http://www.forecastfortomorrow.com/Trading-Club

Tue, 05/10/2011 - 19:48 | 1261016 Calvin Jones an...
Calvin Jones and the 13th Apostle's picture

It's just a matter of when, not if.

Tue, 05/10/2011 - 19:50 | 1261023 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Time to "bailout" the "sinking" but nationalized European banks...step right up America!  Your tax dollars are needed once again!  Yes you funded the Central Bank of Lybia, which you are now at war with.  Yes you bailed out all the corporate banks, corporations, and wives of bankers.  Yes you funded the fiat ponzi, but it is time to bow down to the IMF once again.

Tue, 05/10/2011 - 20:14 | 1261087 AccreditedEYE
AccreditedEYE's picture

+1

Tue, 05/10/2011 - 20:26 | 1261104 Rynak
Rynak's picture

Taxes are so 2002.

Tue, 05/10/2011 - 19:59 | 1261056 Ham Wallet
Ham Wallet's picture

Haha.  I read an article this past week (forget where, maybe marketwatch) that said it should be PIG not PIGS, because Spain was in good shape.  D'oh!

Tue, 05/10/2011 - 20:29 | 1261115 el Gallinazo
el Gallinazo's picture

It should be PIIGS for Ireland and Italy

Wed, 05/11/2011 - 05:24 | 1262078 eddiebe
eddiebe's picture

It should be PIIGS US.

Tue, 05/10/2011 - 20:05 | 1261065 Re-Discovery
Re-Discovery's picture

Just a few days after poster put something on here about spreads showing no cause for worry.

Spain's problems will be fun, and will begin the Euro endgame.

Tue, 05/10/2011 - 20:27 | 1261108 wirtschaftswunder
wirtschaftswunder's picture

and will begin the Euro endgame.

 

It hasn't started yet?

Tue, 05/10/2011 - 21:06 | 1261146 Re-Discovery
Re-Discovery's picture

I guess every endgame can be said to have started.

I was think more in terms of Churchill-type statement

"Greece, Ireland and Portugal are the end of the beginning"

"Spain is the beginning of the end."

Funny how the whole post-WWII era is coming full circle with the Euro collapse.  Germany is gradually going to be defeated from the periphery on in just like it was back then. 

The new Marshall Plan will have to come from somewhere else this time.

Tue, 05/10/2011 - 22:48 | 1261538 eureka
eureka's picture

How about USD endgame?

Gentleman's Bet: USD = Zero before EUR !

Tue, 05/10/2011 - 23:57 | 1261777 j.darkness
j.darkness's picture

i'll take that bet though if you are right then we wont be able to have such free discussion over fiber optics.  meet me in the mountains of vermont and i'll give you a glenlivet!

Tue, 05/10/2011 - 21:27 | 1261226 Boston
Boston's picture

Ambrose, only a couple of months ago, argued that Spain should not be lumped in with the rest of the "PIIG".

 

Looks like he might want to reconsider.

Tue, 05/10/2011 - 19:43 | 1261006 Dr. Engali
Dr. Engali's picture

They must be fucking stupid.

Tue, 05/10/2011 - 19:48 | 1261017 Long-John-Silver
Long-John-Silver's picture

or brilliant simply because they have government backing with unlimited money.

Tue, 05/10/2011 - 20:31 | 1261113 wirtschaftswunder
wirtschaftswunder's picture

Or simply fucking John Mack's wife.

Tue, 05/10/2011 - 21:11 | 1261180 espirit
espirit's picture

If Tyler's right, at least they're using KY.

Tue, 05/10/2011 - 19:49 | 1261011 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

NYSE, time for your DOT exam!

Tue, 05/10/2011 - 19:47 | 1261013 buzzsaw99
buzzsaw99's picture

Never short a dull (or rigged) market.

Tue, 05/10/2011 - 19:53 | 1261014 Rainman
Rainman's picture

Vaporize shorts on the way to Dow 36k. That's called wealth redistribution.

Tue, 05/10/2011 - 19:57 | 1261048 lizzy36
lizzy36's picture

It is not Dow 36k anymore. That was last decade. Now we are looking forward to Dow 38,820:

Super Boom: Why the Dow Jones Will Hit 38,820 and How You Can Profit From It

http://www.amazon.com/Super-Boom-Jones-Will-Profit/dp/1118024702

Bonus is there is a foreward in that book from "i have doubled down on peking duck for the last 10 years (everyday)" Ritholtz.

Tue, 05/10/2011 - 20:27 | 1261109 Fish Gone Bad
Fish Gone Bad's picture

The DOW may go to 38,820 but my guess is 14,000 is high enough.  A few people on ZH gave me shit about the 14,000 prediction a few years ago.  So why 14,000?  That is where the Oracle of Omaha gets paid off for his bet.  This is the same man who bailed out the railroads, GE, Goldman, Wells Fargo, and probably a mess of other companies as well.  For payback, he gets to win his 14,000 points on the Dow bet.  After that, all bets are off.

Tue, 05/10/2011 - 21:40 | 1261275 LRC Fan
LRC Fan's picture

Lol...Dow 38k+ by 2025, 1 gallon of unleaded $500k, Gold to infinity. 

Winning! 

Tue, 05/10/2011 - 20:11 | 1261074 francis_sawyer
francis_sawyer's picture

I just figured it out...

Robo = Laszlo Birinyi

Tue, 05/10/2011 - 19:48 | 1261015 kengland
kengland's picture

To add insult to injury, these are "professional money managers" that do this sheet. And the sheep line up in droves, crowding over each other, begging to have these arse wipes "manage" there fortunes.

Tue, 05/10/2011 - 20:37 | 1261120 wirtschaftswunder
wirtschaftswunder's picture

Yeah, they cut their teeth being long Lucent on deep margin in March 2000.

Tue, 05/10/2011 - 19:49 | 1261020 duncecap rack
duncecap rack's picture

Who are the market makers who sell the shorts?

Tue, 05/10/2011 - 19:58 | 1261039 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

+1, well put....

The taxpayers are buying the shorts after the Federal Reserve and other Majors are selling them.  I wish Bernanke would begin reffering to economics as ponzinomics.  I doubt many people would notice, let alone care.

Tue, 05/10/2011 - 20:10 | 1261046 buzzsaw99
buzzsaw99's picture

brokerage houses, banks (the masters of the universe to whom you allude), sometimes even pension funds lend out shares. Aside from all the obvious pitfalls you can also have your shares called at inopportune times, such as when you are down, or about to cash in big time, for no reason, or else because the ptb need a market boost. easy money. lulz

Tue, 05/10/2011 - 19:52 | 1261021 The Swedish Chef
The Swedish Chef's picture

Oh, how they wish they had a tetrahydocannbinol market to tax beyond ridiculous. There would be no deficit then... Long bongs, short urine tests. Or long both.

Tue, 05/10/2011 - 20:46 | 1261140 Meatier Shower
Meatier Shower's picture

What are you making there Chef? A hot pocket?

Tue, 05/10/2011 - 22:18 | 1261356 slewie the pi-rat
slewie the pi-rat's picture

+ 5!

Tue, 05/10/2011 - 19:51 | 1261025 Trimmed Hedge
Trimmed Hedge's picture

"...climbing to 13.094 billion shares from 13.05 trillion."

Wouldn't that be a decrease?

*confused*

Tue, 05/10/2011 - 19:53 | 1261032 The Swedish Chef
The Swedish Chef's picture

Climb TO 13.094 FROM 13.05. No, that´s an increase with 0.044 billion shares.

Tue, 05/10/2011 - 19:53 | 1261033 Dr. Engali
Dr. Engali's picture

What's a few trillion amongst friends?

Tue, 05/10/2011 - 19:55 | 1261037 The Swedish Chef
The Swedish Chef's picture

They are not friends, they´re co-conspirators.

Tue, 05/10/2011 - 20:00 | 1261051 Dr. Engali
Dr. Engali's picture

Are you fist fucking yourself?

Tue, 05/10/2011 - 20:07 | 1261069 The Swedish Chef
The Swedish Chef's picture

No, I´m fist fucking ms. Engali, your daughter...

Tue, 05/10/2011 - 20:10 | 1261076 Dr. Engali
Dr. Engali's picture

Now would that be my 4year old or my 11 year old?

Tue, 05/10/2011 - 22:11 | 1261385 SilverIsKing
SilverIsKing's picture

Do you have any 18 year old daughters you can introduce me to?

Tue, 05/10/2011 - 23:13 | 1261632 Rick64
Rick64's picture

Lol, good comeback

Wed, 05/11/2011 - 00:43 | 1261833 Dr. Engali
Dr. Engali's picture

It appears that thus far there are 6 retards that are to stupid to get it.

Wed, 05/11/2011 - 01:33 | 1261909 The Swedish Chef
The Swedish Chef's picture

Well play, sir, well played... Neither of course. Yet.

 

I´ll have to admit, it´s mom fisting herself. I agreed to this avatar in exchange for living in her basement. Shes a exihibionist and is heavily turned on by econospeak.

Tue, 05/10/2011 - 20:04 | 1261062 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Co-Producers for, "The Obama Show".  Everyone's favorite reality show!  Watch as Obama reads from a teleprompter!  Look!  His wife can do one armed push ups!  Aw, they weren't invited to the Royal Wedding?  Why do you think?  At least he gave the order to kill that sly mean 'ol Saddam...I mean Osama.  Obama is cool, man, he drinks the same wine I do!  The Federal Reserve! 

Tue, 05/10/2011 - 20:07 | 1261068 The Swedish Chef
The Swedish Chef's picture

It´s not wine, it´s Kool-Aid...

 

 

Tue, 05/10/2011 - 20:15 | 1261080 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Whatever it is I got a nice little buzz going on!  Seconds, pa-leeze!!!

Tue, 05/10/2011 - 20:51 | 1261145 DoChenRollingBearing
DoChenRollingBearing's picture

LOL you guys...

Tue, 05/10/2011 - 19:58 | 1261042 Rainman
Rainman's picture

...all the confused belong here....just get by the captcha. 

Tue, 05/10/2011 - 22:48 | 1261551 the black arrow
the black arrow's picture

As long as i can look at the lovely trimmed hedge i dont care what happens to the market.

Wed, 05/11/2011 - 00:56 | 1261858 slewie the pi-rat
slewie the pi-rat's picture

@ trimmed_hedge:  tyler changed it!  your question was xlnt!  this is why the captchaZ can only have 2 digits, even when wrong.  once, i just went ape-shit and said i didn't give a fik, and they knew it was slewie! 

btw, you get 1 free captcha pass.  tell tyler i said it was ok.  and tell him he's an asshole if he doesn't give it to ya, too!  three zero'z off!  this ain't the Treasury, for pete's sake!

Tue, 05/10/2011 - 19:54 | 1261029 Dr. Engali
Dr. Engali's picture

They are gonna need a false flag so they have an excuse when this market finally does fail.

Tue, 05/10/2011 - 20:03 | 1261061 Rynak
Rynak's picture

After all the recent insanity, i'm not sure anymore they need ANYTHING.... or at least, they think so. Wake up - the gloves are off.

Hey Tyler.... can we get an ignore feature in time, as the amount of garbage here will hit new records, if this is pulled off?

Tue, 05/10/2011 - 21:14 | 1261195 espirit
espirit's picture

Near earth object (NEO) on June 2.  Logged as 2009BD between here and the moon.

Close enough?

http://hisz.rsoe.hu/alertmap/index2.php

Tue, 05/10/2011 - 19:54 | 1261034 JW n FL
JW n FL's picture

If you are shorting America, You are shorting yourself!

all shorts will now be crushed? "O" wait.. word just came over, the shorts are not loaded up yet enough.. more bad news, more air time for the ha8terz with brand name recognition.. and then !#$%^& POW! !@#$% Bang!! !@#$% Boom!!!

 

All shorts will die a long and painful deaths! the market will continue its upward move and all that try to stop that are Home Grown Terrorists, just like those Bloggers and Tweeter people!

Tue, 05/10/2011 - 19:55 | 1261038 Robot Traders Mom
Robot Traders Mom's picture

@Tyler-the dry humor in this piece is fucking brilliant! #wearefucked

Tue, 05/10/2011 - 19:55 | 1261040 Smartie37
Smartie37's picture

GET SHORTY !

Tue, 05/10/2011 - 19:58 | 1261043 WizDumb
WizDumb's picture

Could the low volume today and yesterday be indicative of traders fearing margin hikes across the board?

Also, is a margin hike the same as a Bank requiring you to increase your down payment for real estate ownership? 

...pardon my naivete but im new to the slime.

Tue, 05/10/2011 - 21:21 | 1261218 Goldenhands57
Goldenhands57's picture

Mmm.. a bit more like you have to pony up an additional 19% down payment to da Bank even tho you already have done so at the Close on yer home loan a year ago! If not.. POP!! Your outta there RIGHT now.. not later. Not next week. The Broker calls you up (and/or E-mails) and pretty much tells you now have "the dreaded MARGIN CALL". In other word, your about to get boned and big time! You must have enough account value to "hold" any position overnite (which the Exchange bosses are who get to say is how much equity required) or the Brokerage has every right to sell you out (usually at a big loss) without asking. That is..this can happen IF you use Margin (which is a Credit account) to buy Equity (Stocks) or Commodity (Futures). Few people have the funds to back a full Commodity Contract in Cash. If a Trader does this it would be the same as holding the stuff physical cause there is no "leverage" in the Trade. So...lets say you only had $45K in your Margined account balance. You got 5 "Long" Contracts (that is..you control 25,000 ounces of the metal with these 5 Contracts) in May 2011 Silver back in April (meaning..you expect the price to continue to rise from wherever price you bought). Overnite or on the Weekend when NO ONE in America can exit, the Exchange goons RAISE the Overnite Margin minimum requirements to say..$80K. Guess what? Your Broker is not going to accept the "at risk" for the $35K short of requirements for ya. No can wire funds to cover?? O well!! Poof! sell sell sell. When that happens to many thousands of small fry it then "trips" the "stop losses" of many other Longs even if they did have cash to cover. It goes like water over Niagra Falls when the bell rings in the Morning. That's what happend in Silver and also spilled (pardon the pun) over to Crude Oil. The folks in leveraged Long positions (that used Margin) got a dry boner stuck in the ass and the faster they ran the more the Longs got hammered!! Same with ANYTHING paper traded. The Goovernment in collusion with these evil bastards can (and did) do this anytime they want...and you can't say a word except what a lot of people did say. Shucks! (or something close to that). Yes..anyone aware of these facts would be a little timid about stepping up to bat right now with Margin accounts...which is exactly the play The Bernankster and Company were needing. It is also true Volumns drop in Summer anyway. Vacations and such. Who wants to be glued to a Trade all day when your out with the fam on sunny day's holiday? Pro's often take the entire Summer off. That's where the old expression came "Sell in May and go away".    

Tue, 05/10/2011 - 20:02 | 1261055 Rynak
Rynak's picture

Go long flying pigs now!

Tue, 05/10/2011 - 20:03 | 1261059 The Swedish Chef
The Swedish Chef's picture

I´m European. Through my tax payments I´m already long gravity defying piigs...

Tue, 05/10/2011 - 20:05 | 1261064 topcallingtroll
topcallingtroll's picture

Woohoo! My 420 brothers!

hope they do raise margins and try to force down prices on tetrahydrocannabinol and other hydrocannabinoids!

That is a long sqeeze we can root for!

Pray for margin calls!

Tue, 05/10/2011 - 20:53 | 1261149 DoChenRollingBearing
DoChenRollingBearing's picture

top, see my comment above...

Tue, 05/10/2011 - 20:05 | 1261066 Hondo
Hondo's picture

I have to tell ya, the amount of collateral borrowed from my plan is at a 6 month low.  So if people are borrowing to short....I do see it...

Tue, 05/10/2011 - 20:07 | 1261067 unununium
unununium's picture

I am net short this market and it has cost me little compared to gains in PM's.

 

Tue, 05/10/2011 - 20:06 | 1261071 Bleeping Fed
Bleeping Fed's picture

I'm thinking Tyler was a chemist in one of his former lives...

Tue, 05/10/2011 - 20:16 | 1261093 francis_sawyer
francis_sawyer's picture

Naw... Tyler is just trying to lure all the "anti-dihydrogen monoxide" activists into a debate...

http://www.youtube.com/watch?v=yi3erdgVVTw

 

Tue, 05/10/2011 - 20:19 | 1261094 Don Quixotic
Don Quixotic's picture

What happens when the Fed loses an electron?

Tue, 05/10/2011 - 20:23 | 1261105 francis_sawyer
francis_sawyer's picture

The result is that it acquires a positive charge and becomes an ion...

But that's not the important thing...

 

Tue, 05/10/2011 - 20:25 | 1261099 thatthingcanfly
thatthingcanfly's picture

Yeah; I, too, liked the Quantum Mechanics references.

Tue, 05/10/2011 - 20:22 | 1261102 thatthingcanfly
thatthingcanfly's picture

Double post.

Tue, 05/10/2011 - 20:07 | 1261072 equity_momo
equity_momo's picture

Tyler, i interpret the short data differently : its from a low base and is going to build into a sell off as commercials get positioned for the rug pulling move.  Your chart does nothing to suggest a short squeeze - not saying the market isnt going to grind to new highs but that chart is not conclusive of that. In fact , new highs would likely trap bulls , not bears. If we close this week at new highs for the 2 year move , you watch sentiment readings go through 60% bullish. Then what do you think is going to happen?

Tue, 05/10/2011 - 20:17 | 1261091 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Bernanke is going to remind everyone how well quantitative easing works?

Tue, 05/10/2011 - 20:28 | 1261106 francis_sawyer
francis_sawyer's picture

In 15 minutes... no less...

Tue, 05/10/2011 - 20:31 | 1261119 scatterbrains
scatterbrains's picture

This pig market is going down.. weekly RSI divergence has not failed yet going back the last 20 years.. that is if you were patient enough to wait for the clear picture... the current signal is calling for trend change lasting more then a year.. yea that's right I'm calling the top this week or next  *ducks for cover*

Tue, 05/10/2011 - 20:57 | 1261161 equity_momo
equity_momo's picture

Ive just taken a look - its very mild divergence though , ie the weekly new high on the S+P week ending april 29th was by about 1%.  The 07 top RSI divergence was around 10%.

Tue, 05/10/2011 - 20:13 | 1261084 Texas Gunslinger
Texas Gunslinger's picture

There seems to be a notable improvement in the writing and wit at ZH in the past day or so.

 

Tue, 05/10/2011 - 20:17 | 1261092 Don Quixotic
Don Quixotic's picture

I guess you can only watch your country get corn-holed for so long before the natural outlet becomes comedy.

Tue, 05/10/2011 - 20:52 | 1261147 Translational Lift
Translational Lift's picture

" watch your country get corn-holed"

Is that the game or the act??   ;>)

Tue, 05/10/2011 - 20:53 | 1261150 Lets_Eat_Ben
Lets_Eat_Ben's picture

"What's a few zeroes between sociopaths"  hahahahahahaha...Nice jab that!

So the stock market is about to crash? Is that the logical assumptions to make from the above info?

Tue, 05/10/2011 - 20:17 | 1261095 Smartie37
Smartie37's picture

Good moods all around after getting great deals from "your" coin dealer !

Tue, 05/10/2011 - 20:26 | 1261107 francis_sawyer
francis_sawyer's picture

until now...

Tue, 05/10/2011 - 20:39 | 1261126 slewie the pi-rat
slewie the pi-rat's picture

still judgmental, but not calling everyone satan, today. 

how did the dog food shopping go, you over-conditioned, hypocritical asswipe?

Tue, 05/10/2011 - 20:48 | 1261139 francis_sawyer
francis_sawyer's picture

Eh... Give him/her a break I suppose... Maybe MAMA put too much syrup on the hotcakes...

http://www.youtube.com/watch?v=sV9AQ4ncuac

 

Tue, 05/10/2011 - 22:06 | 1261370 slewie the pi-rat
slewie the pi-rat's picture

i'm a chaplain.  trust me.

Tue, 05/10/2011 - 21:20 | 1261215 espirit
espirit's picture

Library closes at 9 PM, so we don't have to listen much longer to the trolls.  HeHe.

Tue, 05/10/2011 - 23:55 | 1261772 New Survivalist
New Survivalist's picture

Christ, Focker.

Tue, 05/10/2011 - 20:18 | 1261096 Poor Grogman
Poor Grogman's picture

Heres the plan folks, are we all strapped in?

1. Greece Defaults

2. Markets plunge.

3. Germany agrees to bail out Greece in return for Greek Gold as collateral.

4. Germany aquires gold (which is already at the ECB anyway)

5. In ensuing Chaos QE3 announced, (much market celebration)

6. Germany dumps Greek Gold into the market.

Result  >>>Markets Up, Gold down, Greece bailed out

Problem Solved.

Or maybe I'm just too cynical...

 

Tue, 05/10/2011 - 20:22 | 1261100 equity_momo
equity_momo's picture

7) China , India and a bunch of other countries fight to buy the Greek Gold.

8) Gold keeps going up

9) Europe is still fucked.

Tue, 05/10/2011 - 20:32 | 1261117 Poor Grogman
Poor Grogman's picture

10. Rinse and repeat till everybody (EQUALLY) fucked.

 

Tue, 05/10/2011 - 20:42 | 1261133 EnglishMajor
EnglishMajor's picture

11. $130 barrel oil Q3

12.  If we get that far, first full quarter earnings reports post Fukushima June/July.

Tue, 05/10/2011 - 20:26 | 1261098 gordengeko
gordengeko's picture

I will disagree with you TD.  We are within days of a shalacking.  I could be wrong but from a TA perspective the spx has an ascending flag with a fib time scheduled for this weekend +/- based on what I see.  So 10 more points tops for spx then a correction.  The previous 4(except the nov one) fib times before this weekend have been major corrections.  1-15-10, 4-23-10, 7-29-10, 11-2-10.  But having said all that I hate TA because the shit don't work but it sells a lot of books!haha

Wed, 05/11/2011 - 05:09 | 1262066 Urban Redneck
Urban Redneck's picture

Neither TA nor foreplay cuts it for me, but someone did send me a pretty chart as gift 2 days ago.  Look at a monthly S&P going back 15yrs with 5 and 60 stochastics: 1) technically ripe for a "correction" 2) high leverage & increasing shorts to boot.

The contra position: 1) if the market fails to triple top then the Bernank has to pump big bucks to fight the TA down trend and preserve the illusion of recovery 2) Bernank loves to crucify paper shorts, and gives extra points for murder on expiration day, or some new variation thereof.

Smells to me like a bear trap, there's probably a some good money to be made on a short-term shellacking but it requires nimble feet.  I'd rather have a shit ton of dry powder and a VIP pass to next week/month's party, then take the risk of being clotheslined on a reversal and being forced into a retreat & regroup maneuver. 

   

Wed, 05/11/2011 - 07:10 | 1262164 gordengeko
gordengeko's picture

TA sells but good foreplay can take you places.  Contra was the shit back in the day!  They don't make games like they used to.  I'm not a fan of tech indicators at all, my opinion on those is they are worth about as much as a piece of fiat shit paper.  Just a gimmick someone smart came up with to write a book about with some fancy pictures and clever marketing.  But I do see what you are talking about.  The FIB time is my main concern, when you deal with nature something happens only on certain points/times and this weekend +/- a couple days is one of them.

Tue, 05/10/2011 - 20:29 | 1261111 samsara
samsara's picture

from the s to the p orbital,

Thanks Tyler for including us(those who know what the above means.)  Great use of prose.   Perfect.

Us Rydberg-ians salute you.

 

And if I'm not mistaken, I meant to comment on it,  you also used a Firesign Theater reference the other day.

Spectacular !

Tue, 05/10/2011 - 20:32 | 1261121 topcallingtroll
topcallingtroll's picture

May I see your passport please.

Tue, 05/10/2011 - 23:39 | 1261716 samsara
samsara's picture

How Did you get in here,  You don't have a Key!

,  Sorry,  I spell my name Danger.

Tue, 05/10/2011 - 21:28 | 1261225 espirit
espirit's picture

Crap, mention of Firesign Theater means that there's a bunch here as old as me.

BTW- What is the price of rice in Goonrot?

Tue, 05/10/2011 - 21:49 | 1261304 Manthong
Manthong's picture

A few old Bozo's on this bus.

Tue, 05/10/2011 - 20:31 | 1261114 Ricky Roma
Ricky Roma's picture

"to tetrahydrocannabinol"

 

Long weed, short grass!

Please raise the margin rates so I can buy more!

Tue, 05/10/2011 - 20:39 | 1261130 francis_sawyer
francis_sawyer's picture

No 'putting from the rough'... No more shenanigans, no more tomfoolery, no more ballyhoo!

http://www.youtube.com/watch?v=B94AziI04lk

 

Tue, 05/10/2011 - 23:00 | 1261586 Saxxon
Saxxon's picture

The price at the Dispensaries and Cannabis Clubs here in S.F. has been dropping steadily as more stores and growers come online.  $25 nets you a very smokeable 8th.

The Fed has come out with a Warning to AGs that they will eventually have to start enforcement.  I tend to think the cat is out of the bag for good, at least in S.F. and Oaktown.

Tue, 05/10/2011 - 20:45 | 1261138 PSEUDOLOGOI
PSEUDOLOGOI's picture

Tyler,

check out this article:

http://www.foreignpolicy.com/articles/2011/04/25/the_new_geopolitics_of_...

I like it, except the last few sentenses of the last paragraph... they had to drop that agenda in there at the end... WTF???

Tue, 05/10/2011 - 22:07 | 1261377 Manthong
Manthong's picture

They missed "peak potash", but the whole thing was discounted with the wartime effort schtick.

 

 

Wed, 05/11/2011 - 05:41 | 1262088 Urban Redneck
Urban Redneck's picture

Lester the Molester just wants to give AlGo a lap dance.  Most of the research I've looked at reagrding agricultrual yields focuses on higher crop yields with higher CO2 concentrations.  Examinations of the charts that plot correlation lead me to believe that a 50% reduction in current CO2 would yield a 50% reduction in worldwide crop yields, WELCOME BACK MALTHUS. 

Since I don't have a study that looks at CO2 reduction and crop yields but would really like to see one, and I lack a BS Chemistry (Chicago) and PhD in Oragnic Chemistry (U Il. 1942), and 40 patents, and 60 scholarly publications; I'll just copy and paste this:

Arrhenius, Carbon Dioxide, and Global Warming

 

In 1896, Arrhenius, a giant among scientists of that era turned his attention to carbon dioxide in the atmosphere as industrialization increased.   Analytical tools of that period were primitive by today’s standards.  He believed that increasing the carbon dioxide could lead to climate related problems.  That is the genesis of “Global Warming”.  

  Arrhenius was wrong, he lacked any modern knowledge of the photosynthesis reaction.   He had no modern scientific instrumentation.  He may not have known that carbon dioxide was critical to life, or that water vapor and carbon dioxide in the atmosphere, have infra red absorption and emission.  Today infra red spectroscopists know that the significance of water vapor in the atmosphere is 100/1 relative to carbon dioxide.

  The sun provides the energy which makes life on earth possible.  That energy is transmitted as a wide spectrum of electromagnetic waves which interact with the atmosphere.  Where the atmosphere is transparent, electromagnetic waves impact the earth directly, where the atmosphere is not transparent, electromagnetic waves react with components of the atmosphere Without the atmosphere, life on earth would be impossible.  

  Global warming is ascribed to carbon dioxide in the atmosphere absorbing electromagnetic radiation from the earth and radiating energy back to the earth.  The unproven assumption is that this causes an increase in the temperature of the earth.   It has no credibility..  Relative to water vapor in the atmosphere, carbon dioxide is a minor gas.  Carbon dioxide has no unique properties in the atmosphere.  Its infra red absorption and emission is dwarfed by that of water vapor.

  No rational person in this world would call for draining the swamps and oceans of the world to reduce the infra red radiation from atmospheric water vapor yet many believe  trillions should be spent to try to control carbon dioxide.  It is a fact that carbon dioxide is critical to life on earth.  Without photosynthesis, the earth would be hot and dead.  Carbon dioxide, water and electromagnetic energy from the sun combine in photosynthetic systems to produce oxygen, food and biomass, all critical to life.  In the photosynthesis process, major amounts of energy from the sun are stored, every day, such that the temperature of the earth is moderated.  The amount of energy stored in photosynthesis and removed from the daily heat balance of the earth is climate critical, yet it is ignored.

   In world agriculture, rate of growth, determines the growing season limits of the world’s crops.  The rate of growth in agriculture and in forestry is directly dependent on the concentration of carbon dioxide available.  The optimum level of carbon dioxide is significant as to food production in a hungry world.  It has never been determined.  If the amount of carbon dioxide in the atmosphere were reduced to zero, all living organisms would die.

  It is reasonable to ask what level of  carbon dioxide  in the atmosphere is optimum.   Why should trillions of dollars of the world’s wealth be spent on unproven methods to change carbon dioxide levels?    It is well known that in greenhouse crop production, the level of carbon dioxide in the greenhouse determines the number of crops per year.

  The key question which may determine the future viability of life on earth is whether there is some optimum level of carbon dioxide.

 

 

Tue, 05/10/2011 - 20:47 | 1261142 Save_America1st
Save_America1st's picture

man...I feel like I just got hard-core ranted at by Dennis Miller after reading that. 

Tue, 05/10/2011 - 20:47 | 1261144 Muir
Muir's picture

Just get to the point already about silver surely going up and BTFDs already.

Because it's impossible to make money in the stock market.

Right Tyler, right....

Tue, 05/10/2011 - 21:44 | 1261190 The Fonz
The Fonz's picture

Hmmm.  From the simplest point of view the political actors are increasing fear. Removing liquidity increases fear, obvious manipulation increases fear. These people want power, surely they do not want outside political actors making their decisions for them, such as China or Russia. I cannot help but wonder if in fact they would prefer to jam this market down and get QE 3 on their time frame, and in the realm of their own control. If this is the case won't they keep inciting fear? I am not sure that massive margin increases in commodities can fool the big money into hopping onto equities. Also are we not engaged in a race to the bottom? A continuing climb in equities and a rising dollar means we lose...as soon as we get behind our temporary increase in exports is over. We know profits are being pinched after all, and that a crash will almost certainly come before 2012 elections. So why not jam it down now and run for the presidency on a huge rally?

I can't tell what will happen, but simplisticly I see fear being offered up to us by the central planners and fear means DOWN. I also see liquidity being pulled and nobody on the other side of the trade, that means DOWN too right?

Tue, 05/10/2011 - 21:29 | 1261230 zman78
zman78's picture

I don't think a QE3 is in the works, even the bernank knows that another round guarantees double digit inflation.  Invariably the flip side of that always results which is massive deflation.  Why do central bankers always insist they can fuck with nature? (which is what all markets are).  The longer this delay of true market forces are the more painful and more prolonged the outcome will be.  Which is the market trading at 'value' that is single digit p/e's on the S&P and dividend yield in the high single digits.  Nobody even looks at dividends any more, haven't for years.

Tue, 05/10/2011 - 21:30 | 1261232 Maybe-Not
Maybe-Not's picture

First post:)

This will end in tears! No one can short this market! Unless you like to piss away your money. No way you can fight the Fed or .Gov! I think tears is the word for the next decade. There will be many floods. Not from the rivers though. Love the ZH!

Tue, 05/10/2011 - 21:57 | 1261328 francis_sawyer
francis_sawyer's picture

I'm just doing my DUTY and 'junking' you on your first post...

Just so you'll feel RIGHT AT HOME (& understand what THE FIGHT CLUB really means)...

You'll cherish the black eye & spitting up blood at your Monday morning conference meeting... Wear it as a badge of honor!

 

Tue, 05/10/2011 - 22:08 | 1261369 monopoly
monopoly's picture

I know I have said it here at least a dozen times over the last 2 years. How can you short a market when the inmates are in charge and the head inmate is totally insane.

No shorts.

Tue, 05/10/2011 - 22:21 | 1261423 Maybe-Not
Maybe-Not's picture

Thanks Sawyer! Monopoly, nothing else to be said.

Tue, 05/10/2011 - 22:40 | 1261507 dootyfree
dootyfree's picture

Who cares, quit complaining and get in there and make some money... whiny bitches

Wed, 05/11/2011 - 00:54 | 1261849 onarga74
onarga74's picture

The shorties are probably going to turn out ok.  Everyone has forgotten that Bin Laden was just turned into shark food. (Im sure that was an interesting burial at sea).  Binnie left some project for his faithful to carry out upon his demise and it won't be a small thing.  Put everything into July SPX puts and move to Wyoming.

Wed, 05/11/2011 - 00:56 | 1261859 Jovil
Jovil's picture

I say put the bankers in jail instead og giving them bonuses.

Where do you see yourself in the Pyramid of Capitalist System

http://lonerangersilver.wordpress.com/2011/05/09/pyramid-of-capital-syst...

Wed, 05/11/2011 - 01:10 | 1261882 chump666
chump666's picture

Look the hedge funds, not a lazy investment bank that gets underwitten bailout checks will hedge, short possition will pick up into May.  then a squeeze

Wed, 05/11/2011 - 01:36 | 1261911 SP666_IsComing
SP666_IsComing's picture

All news everywhere now is completely worthless and irrelevant except for ONE! Comet (falling angel) Elenin is coming Sept 27, 2011. Comet Elenin will be the mightiest of all the angels (comets). It will try to overpower God (the sun), fail, be banished, and literally fall to earth. This comet is the origin of all the old myths about the mightiest angel who fell from grace, banished by god (the sun), and fell to earth … better known to everyone as Lucifer. This comet’s vapor trail is saturated with dust and it will sweep and engulf the earth in October (the falling angel!). The massive vapor and dust tail will create enormous rainclouds for DAYS all over the world!! Water levels will rise EVERYWHERE! A biblical flood is coming in October! This is not a joke. This is not a test. SP-666 will be taken out before October! Bankster criminals, murderers and thieves (and all their ilk) have kept this “little” event secret for centuries within their stupid childish secret society cults. For nothing but pure greed and hatred for the rest of humanity, sheeple and markets have been lied to and manipulated for millennium so those greedy little devils … “chosen people” can “inherit the earth” after this event. They are stealing and raping everyone now to accumulate every last ounce of gold (money) before October. Financial market schizophrenic meters are off the charts due to the planning for this event! Wake up world. Protect yourselves. Take appropriate positions, profit from those evil worshippers, survive, and take back some of that stolen bankster booty!

Wed, 05/11/2011 - 05:21 | 1262079 Moe Howard
Moe Howard's picture

There is something up. I have a calculator, the current regime cannot continue long under this spending burden. They have gone as far as having a kabuki show about cutting spending, then actually increasing defense spending, real cuts in the millions, not billions. Cuts were monies allocated but not spent due to projects being cancelled. That tells me they have no intention of cutting anything at all.

They see an end to this system. That much is clear. Think, people: if you knew the day you would die, wouldn't you conduct yourself financially in a completely different way?

That is how TPTB are acting. Like they know an end date to this system. Disaster? Planned Collapse? Change of monetary system? One world dictatorship? Massive plague unleashed that they only have the antidote to? What the guy above me is ranting about?

Who the fuck knows. But something is coming, that much is clear.

Or the alternative, TPTB are too stupid to operate a calculator.

I watched a documentary about the wiping out of 80% of the Aztecs in the 1500's. People had thought it was caused by the arrival of the Spanish, bringing old world diseases that the Aztec had no resistance to. Not true. It was caused by several years of drought followed by a year of excessive rain. This caused a virus in rodents to mutate and pass to humans, and they speculate it mutated again and human to human contagion caused the massive deaths. Think about it: 80% of the population. Wouldn't be too difficult for TPTB to thin the herd a bit, eh?

Wed, 05/11/2011 - 02:13 | 1261951 MRSAP
MRSAP's picture

Looks like fresh high´s in the next time!

Wed, 05/11/2011 - 02:26 | 1261959 Daedalus
Daedalus's picture

Love the reference to Kaliza-Klein.

Wed, 05/11/2011 - 04:02 | 1262019 ivars
ivars's picture

Some new calculation on a short term ( this and next week) silver moves between 40 and 30, very exact calculations...

http://saposjoint.net/Forum/viewtopic.php?f=14&t=2626&p=32374#p32372

A nice test case, this sharp silver mini-bubble and correction on a bull trend.

Wed, 05/11/2011 - 06:25 | 1262119 Franken_Stein
Franken_Stein's picture

 

1s2  2s2 2p6  3s2 3p6 3d10

=electron configuration for ordinal number 28 in the periodic system of elements.

Which is what ?

Nickel.

 

Wow, Tyler, didn't know you are a chemistry freak.

 

Never forget Hundt's rule:

Orbitals first to be filled one-fold with +1/2-spin-electron, and only after all have been filled within an azimuthal quantum number, then those with -1/2-anti-parallel spin.

 

A-hahahahaha.

 

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