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Sideways Market Monday Edition

Tyler Durden's picture




 

Traders may be back from vacation but all are still drinking Iced Caramel Macchiatos, as everyone knows no real trading is done before After Hours anymore. In the meantime SPY is locked between the VWAP and Thursday's close.

 

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Mon, 08/31/2009 - 14:35 | 54121 blackebitda
blackebitda's picture

why is more trading done in the AH now?

Mon, 08/31/2009 - 15:41 | 54255 Cognitive Dissonance
Cognitive Dissonance's picture

Less volume AH (after hours) means more opportunity to manipulate, particularly the suckers who don't understand what they're doing.

You would be surprised how many novices trade after hours simply because they can and they mistakenly think they will have an edge.

If you can't tell who the sucker is within 5 minutes of sitting down at the poker table, most likely you are the sucker.

Mon, 08/31/2009 - 18:33 | 54536 AGGfarm (not verified)
AGGfarm's picture

I dunno why...

Mon, 08/31/2009 - 14:41 | 54132 RobotTrader
RobotTrader's picture

Tyler....

If they ramp it into the bell, maybe you need to start selling some "SkyNet" shirts at the Zero Hedge store.

LOL...

Mon, 08/31/2009 - 15:10 | 54184 Señor Tranche
Señor Tranche's picture

Put me down for the Skynet shirt

Mon, 08/31/2009 - 15:38 | 54248 D.O.D.
D.O.D.'s picture

hell yeah, I'll wear that t-shirt...

Mon, 08/31/2009 - 16:01 | 54304 Project Mayhem
Project Mayhem's picture

Yes put me down for a Skynet T-shirt as well

Mon, 08/31/2009 - 14:45 | 54136 Comrade de Chaos
Comrade de Chaos's picture

All hail Trade Wars!

GENEVA (AP) -- American goods will face around $295 million in annual sanctions as a result of the United States' failure to eliminate illegal subsidies to U.S. cotton growers, the World Trade Organization ruled Monday.

http://finance.yahoo.com/news/WTO-OKs-295-million-in-apf-2934665387.html...

 

the other week EU smacked Chinese with the duty on pipes (~50%), and we got a rulling on Software, Media (so much for support for local manifactures... ) etc.

we shell see more of those ... much more.

 

Mon, 08/31/2009 - 14:53 | 54157 Deficient Market
Deficient Market's picture

Those were my thoughts as well when I saw this. Protectionism really picking up speed with this in addition to the DPJ commentaries. Global trade is going to slow down to a crawl.

Mon, 08/31/2009 - 15:10 | 54182 eggy123
eggy123's picture

Can you say "Smoot Hawley"????

I knew you could!

Mon, 08/31/2009 - 14:49 | 54144 Deficient Market
Deficient Market's picture

Can't avoid the EOD ramp job, this is totally camped and the shorts from the beginning of the day won't hold overnight

Mon, 08/31/2009 - 14:51 | 54152 crzyhun
crzyhun's picture

RT where do you get those graphics!!

Oh and something seems to have flipped in the last 15.....any guesses?

The Dollar!

Mon, 08/31/2009 - 14:52 | 54154 AN0NYM0US
AN0NYM0US's picture

Ron Paul coming up on FoxBusiness

Mon, 08/31/2009 - 15:09 | 54181 RobotTrader
RobotTrader's picture

Watching this 1999 Hooker for clues....

"PMS" Sierra

Mon, 08/31/2009 - 16:26 | 54364 Assetman
Assetman's picture

Nice "Hitchhiker's Guide" reference...

Mon, 08/31/2009 - 15:39 | 54252 deadhead
deadhead's picture

"...but all are still drinking Iced Caramel Macchiatos"

The hits keep on coming.....there is no where else but ZH to read such sophisticated and truthful financial/economic stuff, yet laugh so hard on shit like iced caramel macchiatos.... you're phucking killing me TD.

and, robo better be back later with pics.....

Mon, 08/31/2009 - 16:06 | 54319 Deficient Market
Deficient Market's picture

And here we are, perfect ramp job to get us to just under resistance with minimum effort. Now they can easily step over S&P 922 in AH. Well at least we can feel better that they are getting a bit more cost-conscious with our money now that they know there's not that many official POMO's left

Mon, 08/31/2009 - 18:33 | 54539 AGGfarm (not verified)
AGGfarm's picture

the skynet manipulates the final hour as usual

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