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Paul Tudor Jones Calling A Top?

Submitted by Tyler Durden on 02/09/2011 12:21 -0400

Wondering why the market suddenly appears as if Bernanke said he thought the dollar has hit a technical bottom? The reason is that there is a rumor (for now) that Paul Tudor Jones has just called a top in the S&P, and is also expecting a bounce in bonds. Unclear if PTJ used the Tepper "balls to the walls" trademark when referring to the selling that may commence. And boy are we hoping the selloff with a huge surge in volume that
resulted, is not a response to what one man thinks or else there really
is no point in trading anything ever again.

h/t Mrtopstep.com

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Wed, 02/09/2011 - 12:23 | 946528 BeerGoggles

lol, yeah just like doug kass said 2 days ago he was 100% certain of a down day to fill the gap :) hahaha

Wed, 02/09/2011 - 12:55 | 946673 FOC 1183

doug kass ain't PTJ

Wed, 02/09/2011 - 13:13 | 946753 Pladizow

Tony Robbins Video a couple of months ago about market collapse was alluding to the info was coming from PTJ.

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

Wed, 02/09/2011 - 13:25 | 946785 etrader

PTJ is a closit elliott wave follower. ;-)

Wed, 02/09/2011 - 15:51 | 947304 Zero Govt

if he is following EW he's fuked because they have no f'n idea except to call tops for every week of every month of the year in a hope they get 1 call right! ...we're at 9 months and counting, Prechter's been on TV 3 times to call the top and failed 3 times, and they have no clue about Gold, Silver or USD direction... you'd be better off hiring a monkey to throw darts at Index charts

Wed, 02/09/2011 - 12:58 | 946688 israhole

To be fair, "Dougie" was drunk when he said that.

Wed, 02/09/2011 - 12:24 | 946533 Lord Peter Pipsqueak

A big,BTFD reversal going on here at 11.12,looks like another attack on the commodity sector as well,silver and the small miners being whacked.

Wed, 02/09/2011 - 12:35 | 946579 ColonelCooper

We really need Robo here with a 3 second chart to confirm, but this beatdown is where we will see if the Wynter Benton gameplan exists or not.

Wed, 02/09/2011 - 12:53 | 946661 dark pools of soros

the miners were due a correction.. looks like BTFD when the dust settles

Wed, 02/09/2011 - 12:26 | 946542 Panafrican Funk...

http://money.cnn.com/2011/02/09/markets/markets_newyork/index.htm?section=money_markets&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fmoney_markets+%28Markets%29

Stocks move higher after Bernanke's speech

Credit: CNN. LOL!

Wed, 02/09/2011 - 12:29 | 946556 buzzsaw99

Bernanke has to make sure the timing is right before he pulls the plug. That means JPM & GS have to get short before it all goes south. Crooks.

Wed, 02/09/2011 - 12:32 | 946566 plocequ1

Whos Paul Tudor? Is he a member of the POMO team? If not, Rally on.

Wed, 02/09/2011 - 12:45 | 946622 SashaBelov

Well, yes he's just famous turning point trader, whos wealth isn't worth even half of average day's POMO, so who cares what he's saying. :)

Wed, 02/09/2011 - 12:52 | 946654 Dr. Porkchop

Paul Tudor Jones..

He may not be soros, but he's done ok for himself since the Zeppelin break up.

Wed, 02/09/2011 - 13:07 | 946725 Careless Whisper

Wells Fargo Chief Financial Officer GONE GONE GONE

Company refuses to offer explaination.

http://online.wsj.com/article/SB1000142405274870485840457613419240604022...

Wed, 02/09/2011 - 13:28 | 946801 Hephasteus

Board forced amd's ceo out months ago. Now two more high level executives are leaving.

Wed, 02/09/2011 - 13:39 | 946847 Windemup

Read "Market Wizards" by Jack D. Schwager.

Wed, 02/09/2011 - 12:32 | 946567 Drag Racer

equities and PMs just took a hit...

Wed, 02/09/2011 - 12:33 | 946571 The Axe

Jones is like Jeter--vs Kass is like Horace Clark

Wed, 02/09/2011 - 12:34 | 946572 topcallingtroll

Wed, 02/09/2011 - 12:34 | 946575 iota

http://vimeo.com/9881971

Just 'cause.

Wed, 02/09/2011 - 12:54 | 946665 scratch_and_sniff

It just reminds me what a pathetic race of people traders really are....whooohooo!

Wed, 02/09/2011 - 12:55 | 946672 nontaxpayer

Thanks! Been looking for that video.

He sure looks young in that video.

Wed, 02/09/2011 - 12:35 | 946582 The Axe

China getting wong slapped today.....India too...

Wed, 02/09/2011 - 12:37 | 946587 SpeakerFTD

Bernanke's stuck.

He can keep a bid on equities, and watch liquidity spill over into commodities, driving up prices and leading to collapse in long bonds...

or...

He can let assets get hammered and use the resulting bond rally to buy time.

Something has to give.

Wed, 02/09/2011 - 13:12 | 946745 Josh Randall

Everyone knows the market needs to raise interest rates -- but the minute the Bernak does that the Big 5 banks fold and the US's financial system is routed due to their derivatives commitments. When will The Bernak have a Nathan Jessup like meltdown before Ron Paul and others under grilling ? Soon I hope, lets rip this damn band aid off - take our pain and get some pennicillin going

Wed, 02/09/2011 - 12:37 | 946589 Mae Kadoodie

John Paul Tudor Jones? Didn't he used to play with Led Zep? I thought Plant & Page carried the group, guess I was wrong.

Wed, 02/09/2011 - 12:50 | 946651 InconvenientCou...

Do yourself a favor and learn more about the real John Paul Jones. He was an amazing artist and a huge creative force in LZ.

Wed, 02/09/2011 - 13:32 | 946820 Ned Zeppelin

Second that.

Wed, 02/09/2011 - 17:43 | 947608 Miles Kendig

The motion carries Ned

Wed, 02/09/2011 - 12:53 | 946660 Dr. Porkchop

Damn you! I thought I had made the first zep reference! JPJ ruled.

Wed, 02/09/2011 - 12:59 | 946691 Shameful

Think you're leaving out one of the greatest drummers of all time, John Bonham.

Wed, 02/09/2011 - 13:54 | 946910 Alienated Serf

bonham is #2 of all time behind neil peart

Wed, 02/09/2011 - 12:46 | 946591 JoeStocks

Tudor and the Counter-party Risk Management Policy Group collectively as the CRMPG's untimate mandate is to keep the markets stable. Keep the stable or keep they progressively going higher to increase efforts that a higher stock market will lead to higher employment which is part of the Federal Reserves Mandate. The CRMPG is a private sector creation of the Treasury and the Federal Reserve. Interesting that a partner to the CRMPG is Paul Tudor Jones. If you look at the member rooster it looks like big bank, big bank, big bank, big bank, big bank...and one hedge fund. Paul Tudor Jones is one of the leading experts and participant in the equities futures market. Jones was short going into the 1987 crash. It is believed that the market only started to recover after it was thought that Jones had switched to going long. Jones firm recently developed volume- synchronized probability of informed trading, or VPIN process. They have filed a patent for it. They say they can use this technology to help regulators identify market crashes before they happen like what happened last May with the flash crash. It is not a stretch to see that this same technology would allow them to find the best times with the least effort to move the markets through equity futures.

Secretive? Paul Tudor Jones is one of the biggest hedge funds out there. Try to find a website for them. Once you find it see if you can find anything out about them. Also, before the market crash of 1987 there was a documentary about Paul Tudor Jones trading done for PBS. In the early 90's it was removed from the airwaves. Today if you want find the video you have to go to a China? Japan? Website. LINK Worth the watch in my opinion. Over the years I have booked the link for this video several times only to see it removed. This China link has been up for a while.

Wed, 02/09/2011 - 13:00 | 946699 Saxxon

Thanks for that link.

Wed, 02/09/2011 - 13:27 | 946793 nontaxpayer

LOL, the link to the video is above...(vimeo)

Wed, 02/09/2011 - 13:30 | 946814 iota

Beat me to it.

http://www.zerohedge.com/article/paul-tudor-jones-calling-top#comment-94...

Been on Vimeo for a while. You can also download it if you really want to keep it.

Wed, 02/09/2011 - 13:36 | 946838 chindit13

That tape is so old I have it on Betamax.

Wed, 02/09/2011 - 12:38 | 946595 gwar5

FOX: showing pictures of Chinese Ghost cities, author "Coming Collapse of China", Gordon Chang, interviewed. Yep, there's some cities via satellite that look pretty empty. Predicts China collapse end of this year.

Wed, 02/09/2011 - 12:48 | 946638 Jason T

when US$ gets only 2 RMB.. those cities will right up in my opinion with new middle class Chinese.

Wed, 02/09/2011 - 12:39 | 946598 Young

Young here again, back from the dead. Why should we listen to PTJ? Because he's chummy with Bernankstein. He probably knows there will be NO more QuereEasing, yes you heard me - No more QE. I know it sounds totally unthinkable...

Wed, 02/09/2011 - 12:40 | 946599 pat53

LOL, yeah stocks getting whacked... ooohhh down 20 Dow points. Gotta love the top callers LOL

Wed, 02/09/2011 - 12:43 | 946612 Miles Kendig

And boy are we hoping the selloff with a huge surge in volume that resulted, is not a response to what one man thinks or else there really is no point in trading anything ever again.

S. Main meets finance...

Thu, 02/10/2011 - 00:19 | 948461 agrotera

my thoughts exactly MK!

Wed, 02/09/2011 - 12:43 | 946616 Sophist Economicus

Wait, I didn't hear the bell....

Wed, 02/09/2011 - 12:44 | 946619 I am a Man I am...

stocks go south when congressmen start their questioning of bernanke, at least that is what has happened in the past, have not checked the timing today

Wed, 02/09/2011 - 13:36 | 946839 stormsailor

i wonder how far south they would go if bernanke got drilled in the ear with a 220 gr, 300 win mag, btsp?

Wed, 02/09/2011 - 12:44 | 946620 Cdad

The totally depraved USD stud man is pissed, I tell ya. After almost breaking out of the closet in Blankfein's office two weeks back, they nailed that door shut once more. However, he is pounding again, and screaming Ben Bernanke's name again.

But I suppose you can go ahead and take confidence in L. Blankfein's carpentry skills, I guess. However, it would seem to me that the endless selling short of the stud man has been nothing more than front running oblivion that, mathematically, eventually ends.

So I would caution anyone near GS headquarters that if that bastard breaks down that door and emerges into the room with a bottle of lube in his hands, you best run. Personally, I think Paul Tudor heard all the screaming and took his cue.

Anyone seen little Miss Euro lately? Has she been drinkin'?

Wed, 02/09/2011 - 12:49 | 946646 Thunder Dome

BALLS TO THE WALL!!!

Wed, 02/09/2011 - 13:02 | 946708 Panafrican Funk...

Dollar is 6% off the maximal low, looking extremely ripe and juicy.

Wed, 02/09/2011 - 12:48 | 946641 DonnieD

If he's short equities, he's writing his own obituary. Everyone knows stocks have a Federal mandate to never go down.

Wed, 02/09/2011 - 12:49 | 946643 DonnieD

Damn double posts...

Wed, 02/09/2011 - 12:52 | 946655 virgilcaine

That's it then, best stand near an Exit. When the elephants start heading out the door.

Wed, 02/09/2011 - 12:55 | 946674 TruthInSunshine

It won't be long before we're again seeing the 5%+ down days, multiple times per week, and HairyWang will be nowhere to be found (he will have overdosed on urinal cakes) and RoboTrader will be posting charts of his alleged exit points.

Just like in 1933, there will be a new Xtranormal Cartoon proclaiming WYDDNBTFD (whatever you do, do not...).

Wed, 02/09/2011 - 12:57 | 946680 gwar5

John Tudor Jones is big into gold as of 2009. Google up his daughter -- very hot.

OK... here's a link..... Introducing Wall Street's Hottest Offspring

The other ones are bonus.

Wed, 02/09/2011 - 13:30 | 946812 DosZap

Ever wonder how a select few have it ALL?

Worldly speaking,and there is a lemming world in South America of kids no one wants, that run like pack wolves,sleep any where, eat whatever they can find or steal, and are killed on sight by authorities, or thrown into the child porn trade,if they have the looks.

Suck assed world.

Wed, 02/09/2011 - 14:28 | 947029 gwar5

The bigger the territory for a Lion, the more female lions he gets.

The high end females aren't fooled by a Corvette with a car loan.

Ultimately that's why we all acquire resources, so we can get access to more chicks...

It's Darwin approved.

Thu, 02/10/2011 - 00:11 | 948448 Zero Govt

any link on midget tranny porn to please the SEC crew?

Wed, 02/09/2011 - 12:58 | 946684 Cindy_Dies_In_T...

I suppose we could all do a Wrath of Khan shout out, but this will get fixed guys. Someone probably tripped over a plug.

Wed, 02/09/2011 - 12:57 | 946685 topcallingtroll

Well well well. Old man dollar is feeling his oats. Nothing like a little third world food scare and rioting to cause a flight to quality. See you at 80. Still wont help the peggers though.

Wed, 02/09/2011 - 12:59 | 946692 TooBearish

Smoke screen... he just wants them down a tad sos he can buy more cheaper

Wed, 02/09/2011 - 13:02 | 946704 fast99snake

Do you actually have any proof that PTJ actually just shorted spooz?

or is this just pure speculation?

Wed, 02/09/2011 - 13:02 | 946706 oogs66

Stocks look like they turned down hard right as first Ireland delay headlines hit.

Wed, 02/09/2011 - 13:08 | 946729 virgilcaine

http://www.youtube.com/watch?v=bXxFK_OjM38

Wed, 02/09/2011 - 13:14 | 946752 ak_khanna

The stock, commodity and currency exchanges have been reduced to gambling dens whereby the more powerful traders with deep pockets move the markets to maximize their own profits at the expense of the remaining not so powerful players. The big boys have enormous money power to move the markets in the direction which results in maximum profits for themselves. They effectively use the media to lure the other players in the market to a position where they would incur maximum loss.

The markets will fall only when the banksters have eliminated all the short positions and only they themselves have positioned themselves to profit when the market falls

When an unexpected world event catches the banksters with their pants down and the softwares they use to rig the markets go berserk beyond their control.

http://www.marketoracle.co.uk/Article24581.html

Wed, 02/09/2011 - 13:35 | 946830 Ned Zeppelin

Well said, sir, and accurate.

Wed, 02/09/2011 - 13:22 | 946777 contrarianinvestor

True or not, the fact that even a rumor such as this could cause a high volume reversal on a dime shows just how fragile and precarious the market is, despite all the bravado and bluster. If the market can reverse like that on a single rumor of one hedge fund guy's comments, imagine what the market action will look like when something of real consquence, like the next black swan event actually hits...

Wed, 02/09/2011 - 13:32 | 946823 Midnight Rambler

Is there any actual data to support the belief that the market responds more strongly to real events as opposed to just rumors? Not being snarky, I'm genuinely curious.

Wed, 02/09/2011 - 21:48 | 948116 contrarianinvestor

Fall of 2008 for starters.

Wed, 02/09/2011 - 14:17 | 946983 antidisestablis...

antidisestablishmentarianismishness's picture

Either that or it shows just how many people have their fingers on the short trigger and a bogus rumor is enough to get them to poke their heads out far enough to get chopped off.

Wed, 02/09/2011 - 13:24 | 946782 Bigger Dickus