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Some Disturbing Trading Desk Market Color

Tyler Durden's picture




 

Some disturbing market commentary.

From a major trading desk:

huge futures volume going thru. $8BN of S&P e-mini exposure traded over 10 min.HF selling of european indices. Cash desk seeing supply in financials for first time this week. FX seeing sellers of EUR which just broke below 200 day.

 

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Thu, 01/06/2011 - 12:52 | 852859 Ragnarok
Ragnarok's picture

WOW! The Euro markets responded to fundamentals, my God the horror....

Thu, 01/06/2011 - 13:20 | 852986 asteroids
asteroids's picture

The end will come when somebody with size quitely takes a short position and dump EVERYTHING. The first man out of the exit wins a lives to tell the tale.

Thu, 01/06/2011 - 13:29 | 853020 primefool
primefool's picture

Actually that is precisely wrong. The big boys dont want to "get out". Because that would mean they are in dollars - not something they want to be in long term.

The game is to make it as difficult as possible for average Joes and various furriners etc to be in Real Assets. The Boys have very deep pockets . So they can take down assets 50% , 70% ( eg . 2008) whatever it takes to get the Other Guys to cry "no mas" and unload their Real Assets.

Thu, 01/06/2011 - 13:29 | 853029 EscapeKey
EscapeKey's picture

Excellent point.

Thu, 01/06/2011 - 13:39 | 853078 flacorps
flacorps's picture

And at the end of they day they'll mop up any real assets they haven't bought by having the government declare the holders of those assets hoarders if they refuse to turn the assets in to the government in exchange for paper money. FDR did it. This has all happened before, and it will happen again.

Thu, 01/06/2011 - 14:31 | 853319 tmosley
tmosley's picture

Reminds me of an early episode of the Simpsons, where the nuclear plant has a fire drill, and Homer is the first out, and he barricades the doors to keep everyone else in.

Gave me a little smile.

Thu, 01/06/2011 - 12:54 | 852863 Dr. Richard Head
Dr. Richard Head's picture

Is this a fucking dip I can buy?

Thu, 01/06/2011 - 12:56 | 852872 EscapeKey
EscapeKey's picture

DJIA down 32 points.

BUY THE DIP!

Seriously, that's all the DJIA is ALLOWED to fall before the PPT steps in these days.

Thu, 01/06/2011 - 14:44 | 853373 Traianus Augustus
Traianus Augustus's picture

Somebody forgot to hit the "escape key" and fat fingered the sell button with the buy button at the PPT.  Negative moves are not allowed at all!!

Thu, 01/06/2011 - 12:57 | 852886 Manipulism
Manipulism's picture

No, its only FUCKING without dip.

Thu, 01/06/2011 - 13:38 | 853070 topcallingtroll
topcallingtroll's picture

I will fuck the dip if she is cute or comes with a bag

Thu, 01/06/2011 - 15:14 | 853488 ZeroPower
ZeroPower's picture

Mr Head, yes, feel free to BTFD in advance of tomorrow's jobs # which should be quite bullish. 

Thu, 01/06/2011 - 16:56 | 853832 Dr. Richard Head
Dr. Richard Head's picture

That's Dr. Head to you my America-light friend.

Thu, 01/06/2011 - 12:54 | 852864 SheepDog-One
SheepDog-One's picture

Waddell, dont even THINK of trying to sell those 5 Eminis this morning!!

Thu, 01/06/2011 - 12:55 | 852867 Rodent Freikorps
Rodent Freikorps's picture

Alas, poor Euro...

Thu, 01/06/2011 - 13:09 | 852940 lance_manion
lance_manion's picture

...I knew him well.

Thu, 01/06/2011 - 13:15 | 852967 Rodent Freikorps
Rodent Freikorps's picture

Whether 'tis nobler in the mind to suffer
The slings and arrows of outrageous bailouts,
Or to take arms against a sea of banksters
And, by opposing, end them. To win, to keep

Thu, 01/06/2011 - 13:37 | 853072 ebworthen
ebworthen's picture

 

"A hearse!  A hearse!  My kingdom for a hearse!"

 

Thu, 01/06/2011 - 14:05 | 853214 Bastiat
Bastiat's picture

LOL!!!

Thu, 01/06/2011 - 15:00 | 853440 Hephasteus
Hephasteus's picture

Alas poor digiornia. Twas not thine delivery of thine message that presented a stumbling block to your play. Twas the promise unkept.

Thu, 01/06/2011 - 13:43 | 853102 Mark Medinnus
Mark Medinnus's picture

This is the Porsche of comment streams: there is no substitute!

to tar, to feather; to feather: perchance to pillory

Thu, 01/06/2011 - 13:51 | 853144 buzzsaw99
buzzsaw99's picture

A bailout by any other name would smell as rank... [/r&j]

Thu, 01/06/2011 - 13:40 | 853076 centerline
centerline's picture

Where's CDad?  Little Miss Euro getting bitch slapped.

 

<nevermind!>

Thu, 01/06/2011 - 12:57 | 852882 bob_dabolina
bob_dabolina's picture

NAZ and Russ are green...they have led the market

Thu, 01/06/2011 - 12:58 | 852890 partimer1
partimer1's picture

Its a new year, and the markets have to move one way or the other to generate the bonuses. after all, its a zero sum game. sitting their fat asses on the chair won't get them paid.  

Thu, 01/06/2011 - 13:00 | 852897 kato
kato's picture

it is not that big a deal. a little supply... happens.

Thu, 01/06/2011 - 13:03 | 852908 Cognitive Dissonance
Cognitive Dissonance's picture

As a reformed (and recently released) drug dealer I happen to know about supply. This ain't your ordinary supply.

Thu, 01/06/2011 - 13:04 | 852917 bob_dabolina
bob_dabolina's picture

Never get high on your own supply

Thu, 01/06/2011 - 13:18 | 852984 Cognitive Dissonance
Cognitive Dissonance's picture

I do (currency) supply swaps with the other countries so technically it's not my own supply. Does that count?

Thu, 01/06/2011 - 13:27 | 853016 bob_dabolina
bob_dabolina's picture

I don't see why not.

I have no further concerns.

Thu, 01/06/2011 - 18:49 | 854179 Quantum Nucleonics
Quantum Nucleonics's picture

and never under estimate the other guy's greed.

Thu, 01/06/2011 - 18:37 | 854147 jdrose1985
jdrose1985's picture

I caught a case for trafficking girl but boy was the mainline game and coming straight from rwalpindi Pak

my college years were behind bars-probably best ed I coulda received.

keep your nose clean CD

Thu, 01/06/2011 - 13:01 | 852898 SheepDog-One
SheepDog-One's picture

I hope every day dealing with this crap makes Timmah and The Bernank age 1 year.

Thu, 01/06/2011 - 13:00 | 852903 NOTW777
NOTW777's picture

in sync with announcement of chicago mob running our WH

Thu, 01/06/2011 - 13:04 | 852919 mrdenis
mrdenis's picture

I've got to start buying ! hope I don't miss this once in a lifetime opportunity .........you never know when this chance will come around again !

Thu, 01/06/2011 - 13:04 | 852927 goldmiddelfinger
goldmiddelfinger's picture

This is also disturbing re HFT:

Hackers find new way to cheat on Wall Street -- to everyone's peril

http://www.infoworld.com/d/the-industry-standard/hackers-find-new-way-cheat-wall-street-everyones-peril-699

Thu, 01/06/2011 - 13:07 | 852933 goldmiddelfinger
goldmiddelfinger's picture

The hit will come and it will hurt

 

Thu, 01/06/2011 - 13:17 | 852979 plocequ1
plocequ1's picture

no

Thu, 01/06/2011 - 13:26 | 852934 Cdad
Cdad's picture

Tyler,

This story must be a mistake.  People do not sell the market anymore...well, other than me.  Selling has been made illegal, which is also why I spend most of my day in the closet hiding from FBI guys spreading out across the country looking for guys in hockey helmets.

So don't be cracking me up, dammit, or one of them might hear me and bust me for selling stocks and for having a nonconforming outlet in here.

Anyway, I just want to go on record as saying that I think Navelbook is worth 50 gajillion bananas.  There, top that, bitchez!

Thu, 01/06/2011 - 13:09 | 852936 Spigot
Spigot's picture

Obama's PR magician hitting the escape button, we are, as they say, headed for interesting times.

Thu, 01/06/2011 - 13:09 | 852939 Ese Pinche
Ese Pinche's picture

This hooker is actually looking weak.  Gold coming off the bottom and markets rolling over.  The paradigm might have just shifted.

Thu, 01/06/2011 - 13:14 | 852959 SheepDog-One
SheepDog-One's picture

Could very well be, its has to at some point as its all a pure illusion and becomes harder each day to manitain. Is today rollover or a week or months from now? We'll see, but its coming certainly.

Thu, 01/06/2011 - 13:11 | 852952 primefool
primefool's picture

Never forget to look at the adjacent post about the domm that will befall us if the debt ceiling is not raised. This mini selloff is just a reminder of what can happen to the congress-critter's mutual funds if they dont comply. Have'nt we seen this before?

Thu, 01/06/2011 - 13:12 | 852956 goldmiddelfinger
goldmiddelfinger's picture

Intel. Intel isn't buying anyone.

Thu, 01/06/2011 - 13:22 | 852998 Spigot
Spigot's picture

Ammo running short, awaiting resupply with reenforcements...

"Sorry, you are on your own, I can not help or send reenforcements..." - (Civil war encoded message just decrypted recently)

Thu, 01/06/2011 - 13:28 | 853019 rubearish10
rubearish10's picture

Yeah, this is one major move alright....

If this is what we've been looking for, we're in trouble.

Letter "C" is now a $5 stock that should be a 5ct stock. Either it's comparable to the tech bubble when NASDAQ made itself = to 1/2 the DJIA (5000/10000) or the bears must finally capitulate.

Something has to change....

Thu, 01/06/2011 - 13:31 | 853042 Cdad
Cdad's picture

Yes, something does need to change.  Most everyone that works at Blight of America bank should be in jail right now, for example.

We can hope...

Thu, 01/06/2011 - 13:37 | 853069 rubearish10
rubearish10's picture

Well, perhaps we can hope a bankster gets caught "sexting" something to Timmah....SCANDAL????

Thu, 01/06/2011 - 13:35 | 853065 primefool
primefool's picture

hehe - you really should'nt encourage me!

OK - so we have Bennie - his job is to keep wages down ( commodities and assets are NOT his problem). And keep zero cost money available to the Playas.

The Playas intend to own Everything. Owning T-bills is NOT a goal. Those are for the Suckas and Furrin Devils. Da Playas intend to own Corporations, Land, Property - ya know everything of ant Value.

T-Bills are of No Value - in the long run.

Thu, 01/06/2011 - 13:47 | 853116 primefool
primefool's picture

There is only one way to win this game. Cannot let the "market" push you around. Do your own analysis - buy what you think is valuable - for cash. no debt. Screw em - let the "market" yoyo- da Playas play. Own what you want to own - at the right price. Turn off the Boob Tube ( hmm.. that does sound so 1970s).

Thu, 01/06/2011 - 14:16 | 853263 TheProphet
TheProphet's picture

QUESTION: When I go to a local broker to buy gold or silver, do they track my purchase, or can I buy anonymously?

The reason I ask: if the Feds try to implement a 'hoarder' law like they did during the depression, will the Feds have a way of knowing I am holding?

Thu, 01/06/2011 - 14:22 | 853284 Rodent Freikorps
Rodent Freikorps's picture

They will now.

Thu, 01/06/2011 - 14:27 | 853310 Rogerwilco
Rogerwilco's picture

Why should they care how much you buy? All they have to do is wait for you to move or sell PMs. Hammer time.

Thu, 01/06/2011 - 14:53 | 853421 TheProphet
TheProphet's picture

Right. Because after all, the government over the years has demonstrated incredible effectiveness in stopping the trafficking of all sorts of items, from stolen car parts to drugs to people. 

Yes I am being sarcastic. Like anyone should be worried about getting caught swapping in small transactions. I would be more worried making a small weed buy.

Thu, 01/06/2011 - 14:38 | 853349 ThisIsBob
ThisIsBob's picture

"... supply in the financials..."

 

Well, thats where everybody was running to this week, so now, Julian, now.

Thu, 01/06/2011 - 14:51 | 853386 cougar_w
cougar_w's picture

The guys below decks in the engine room are the first to notice when the boilers are about to blow the f*ck up. They are not required to tell anyone the boilers are about to blow the f*ck up. They don't get paid enough for that. Their only obligation is to get their asses out of the boiler room.

When you notice the engineers diving off the deck into the sea ... jump. Questions you already know the answer to you don't have to ask.

Thu, 01/06/2011 - 15:25 | 853521 Spigot
Spigot's picture

Looks like some dumb-ass is running through the threads junking people one after another for no reason.

Can the Admins pls find this idiot and remove them?

Thanks in advance.

Thu, 01/06/2011 - 15:43 | 853571 cougar_w
cougar_w's picture

You weren't junked so I junked you to lend credence to your cause.

Thu, 01/06/2011 - 16:48 | 853789 Bear
Bear's picture

Volume spike at about 127,000 contacts in 10 minutes is large, but nothing exceptional, maybe 2 sigma

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