This page has been archived and commenting is disabled.
Someone Leak Something?
Something rather disturbing from a European trading desk...
TODAY TWO LARGE MACRO FUNDS OVER HERE HAVE GONE WILDLY LONG S&P. NOT LONG. WE TALKING 250% NET LONG. IT LOOKS LIKE CONCERTED ACTION ON GDP DGRADES FROM GS AND BOFA ARE THE LETTER DELIVERED TO BEN ON QE3. HUGE DIRECTIONAL BET WITH NEW CAPITAL PUT AT WORK. MOST LIKELY THE TWO INSTITUTIONS ARE COORDINATING ACTION WITH OFFICES IN CONNECTICUT. CHECK INFLOWS OF BLUE CHIP HEDGE FUNDS IN JAN FEB. APPLY 2.5 LEVERAGE. WE ARE TALKING ABOUT SOME 40-60BN PUT AT WORK PRIMARILY ON EMINIS AT THE MOMENT. WHETHER SOME EXTERNAL FORCE WILL LEAVE THEM HIGH AND DRY I DON'T KNOW. BUT IF ANYTHING SEEMED TO BE AT LEAST NOT TOO IRRATIONAL UP TO NOW, IN THIS THIRD WAVE, BE READY FOR REAL ROCK AND ROLL.
»
- 55560 reads
- Printer-friendly version
- Send to friend
- advertisements -
spike up on good volume-is TD right?
dumb arse macro fund...they will get slaughtered. probably hedged on a oil put too hahaha.
Can't comment on the veracity of this whisper but something is fucked. The move on equities today was weird.
Credit Suisse put their hat in the ring for the Maiden Lane assets. I think we've run out of cash risk assets to buy. There is fucking bidding war going on for the junkiest of junk private label res crap in the worst vintages.
Equities get ramped. The bid disappears in muni's today with holiday type liquidity but nothing is happening on the other side of the pond? Bizarro world.
They have just gapped ES to 1314 in AH
nearly 10,000 contracts were bought at 5:20 pm pushing up the /ES 8 points in 1 minute. Un-fuckin-real.
the /ES is now pretty much where it was BEFORE the Japan earthquake, tsunami, radiation leak and War with Libya. Simply fuckin amazing.
Made the same comment earlier... un-fucking-real. Government intervention has become so efficient that stocks get ramped before the crisis happens... on that note I'm taking tomorrow off.
Possibly hitting all the buy stop before the plunge? we did close in on the gap from last week.
..and the defense department is completely clueless who the enemy is.
During Roman times the Guards knew what to do.
just chatter...if real
Ben (suffering from stimulus envy) to Japan - my stimulus is bigger than yours!
Rumour mongering? Really?
Close above 1308 was a green light for many.
record low in home sales. unemployment showing no improvement. inflation climbing at an alarming pace. Radiation leak contaminating Japan food and water supplies. Japan facing the most costly disaster in their history. margin compression about to become the phrase de jour in the market. and you are suggesting that the /ES reaching yet another inexplicable level of irrational exuberance was somehow the signal people were waiting for to go all in on this ponzi?
pardon me while I laugh my ass off.
I definitely hear ya, all credibility has been lost I dont really care what they do. Open the DOW at 15,000 tomorrow I wouldnt care, bottom line its all totaly fuked anyway.
1. Yes.
2. Life is a ponzi, get over it.
3. The fiat exchange markets are just as funny.
4. My intent was not to express my view of the market, just to note that there was a large amount of money that was scheduled to go to work on a close above that number.
5. Given the dire conditions you outline in your note it is hard to fathom you laughing your ass off.
So where does this put PIMCO who said almost no chance of QE3?
-
CAPTCHA
-
This problem is intended to determine if you are a machine- or not sufficiently intelligent (or determined) to participate at Zerohedge
-
Math question *
-
[ ] times 250% equals 0
Solve this math question and enter the solution with digits. E.g. for "two plus four = ?" enter "6".Obviously a triple reverse head fake made to make you think there's a lot of buying but also someone is cashing out which means BTFD. Thus bullish.
Or quadruple reverse headfake.
Speaking of A99 ... and just this morning they did post a new youtube message to Bennie:
http://www.youtube.com/watch?v=TQLFHUEZuMU
QE3 will not come...does the Ali term, 'Rope-a-Dope' ring any bells...ding-a-ling-a-ling?!
whether QE 3 will or will not happen...I cannot be sure.
That said, in order to determine a method of calculating what is most likely to happen...I have found the following formula to be fairly accurate:
If it fucks the people and benefits the banks...it will happen.
I agree 100% however, at this point it's been nothing but throwing money hand over fist at the problem, right from the start of the GFC...perhaps, just perhaps, the US Gov and the Fed want to se if the US can stand on its' own two feet for a while, or at least until the public cry-out for more stimulus...that way they won't be hung by a rope when does finally come crashing down.
This might also help silence the political attacks aimed at the Fed; they really might need the Fed after-all, but how do you prove that? Easy, cut-off QE2 without taper and watch the sentiment swing 180deg.
But my biggest hunch comes from the simple fact the the US Gov hasn't said anything negative about China's economics for some time now. This could be a sign that China has muzzled the US and also applied sufficient pressure to stop the Feds QE program.
If the Treasury books are well and truely being cooked, to hide impossible problems, then more QE will do nothing...I think the Fed and the Treasury have said 'enough is enough' it's not working no matter how much we lie in the stats.
Quantitative Easing typically is a way of forcing banks to start lending, perhaps they're hoping the reverse will work too?!
Last hurrah. These clowns have nowhere to go. A99 did give Bernanke 2 weeks to step down, time is up today, perhaps the hackers are having fun wow what fun that would be!
I just hope they send silver plunging to anywhere near $32, at which point I am buying more. I want more silver, more, more, more!
I saw the same thing on an FXnews service that I subscribe to this mourning.
Except they said they went long EUR and short USD. SAID it was a big trade by someone who totally changed their mind and was big time long USD.
for what its worth if anything. I was short eur futures and stok futures so,
I personally think that is why we went up today.
Lets just get QE3 out of the way. It is a given. Just how long could we go on a QE4 - QE 10 announcement! Maybe 8000%
The juice is loose.
Dow 27,000 here we come!
Time to get out of the system and get physical. This is pretty much the last warning. Unless you enjoy waiting for 2 months like an Egyptian.
@thepigman
Careful Asshole, I'm long an Arkansas Condo. Come on down. Me and my buddy Hank will
show you around and take care of your yankee wussie ass.
http://www.youtube.com/watch?v=I4s0nzsU1Wg
Let's wait for an annoncement about Tepper's reappearance on cnbc.
Perhaps he will bring 4 balls this time!
That would be four more than he has already...
Usually when big funds do things like this, they got inside information about some financial situation. They going long the S&P tells me that they expect the stocks to be juiced up or priced up again.
eveything is so overbought...when butnut releases QE2 the market sold on yield blowouts. it took maybe a quarter for the market to buy up. If that idiot can drive yields, oil and food prices up, start wars and help Japan degrade into fiscal crisis. It is 100% a massive correction will occur.
Market is buying on the fact the Fed can underwrite any crisis, problem is...that is an illusion. Rome couldn't do it, 20's through to the 80's Germany couldn't do it, communist Russia couldn't do it and Europe is failing miserably at it.
I don't think many are going long
Head fake, just like all that asian metal buying that was going to stand for delivery. I say we take a breather between QE2 and QE3, during which time the shit hits the fan, giving the Fed political cover to finally destroy the currency.
yeh roll it out and let's party like it's 1999 http://www.youtube.com/watch?v=UjivDeA7Qu0
Something I thought I learned from my days at Mother Merrill long ago, that when the Europeans are buying US stocks, the end of the wash, rinse, repeat cycle is near. Is that incorrect?
every one a comedian ..
QE is every where , the Japaneses give cover for big time printing ;
war prints another 100 billion, debt limit will be raised 2 trillion.
the hand wringing is on the wall..
every week is another QE, to be called QeWEEKS
I think it was a spike off Oracle earnings. There is no where near billions or even millions traded in the minis after hours
Assuming this leak is a lie.. what does this mean for silver?
Q3? Holy fuck I'm working Q*.*
Guess I better back up a little. Ok who raised who and what's my bet?
Does anyone know if dollar bills make good compost? If so then we should be able to grow some good cucumbers and tomatoes.
Not the current ones. They have metal strips in them and glow-in-the dark ink.
Look at one under a blacklight, it's like play money.
They're mostly cotton and linen...if cotton goes much higher they'll have 'melt value' or just knit some socks and t-shirts from them to sell...don't feed them to the goats, even they don't have the stomach for Bernanke Bucks...
we just jumped the descening channel today, so that is the bet you'd take.
Yes, growing popcorn this year seems like a good idea.
Anybody got $5s and singles for a $20?
I gotta take a shit.
This is a total spoof to catch people like you out. Longs need to sell up ahead of an april/may fed language change and a year end rate rise. Don't fall for this.
It looks like some big natural disaster shit to take place in April/May. Bernanke's gonna drop FEMA gift cards personally from choppers this time around?
whoever wrote this article had their Caps lock stuck on so presumably they're quite dumb and the news story is likely to be too
...short S&P it is then
WTF? G.S said go 1.50 euro? This shit is so fucking lame and rediculuos. It amazes me that the 'G.P' (general public) is so fucking oblivious.
You really have to wonder...Isn't it rather obvious that the sister and brother of all bubbles is about to 'pop' once again?
I get even more dark from here and my further observations would not be helpful.
I despise the glimmer of hope that arises in me when I am exposed to the regimes propaganda. Then I return to crushed mode when even the slightest yielding to facts and truth jerks me violently back to the future.
I'm a Father, Grandfather, and a husband, a son, a brother, a co-worker.
The rabbithole is about to collapse.
Them Damn pesky "Green Shoots" happening again.
Excuse me, is this not the same site (ZeroHedge) that was posting Russell Napier's paper exactly a week ago, saying QE3 would do next to nothing to help the stock market???
Tyler baby, what gives???
Sure Thing for The Hedgies
The Bernank put in the order, The Bernank will cover any loses... Now Marco funds...
Take your fees and do the Bankster's bidding...
Hmmm......could be a head fake.
It may be time for US treasuries to cannibalize the stock market for funding purposes.
Lets say that instead of QE3, the US government seizes (for our own good of course) our pensions. They liquidate the stock and corporate bond holdings and buy treasuries instead (see http://gonzalolira.blogspot.com/2011/03/how-likely-is-qe-three.html).
Everybody wins.
The fed gets to end QE2, insiders get much wealthier having shorted the stock market, and the churls get the "safety" of owning treasuries in their IRA's.....
http://www.globalresearch.ca/index.php?context=viewArticle&code=MCM20081...
This 'memo' was clearly written by Wu Tang Financial, so treat it thusly.
Wu-Tang Financial
Back in 5, gotta take a BerNank!
Splashhhhh....Thump!
yeah...profit for everyone...QEx (x-replace with number you like)
Be glad Ross Perot isn't president because if he was, no "off-shoring" of QE would be allowed. Then again, they could be being suckered in as supporting sandbags for an oncoming dollar surge. You heard what Ben said, "people don't buy gold, they buy snacks and clothes at the mall." So, the same goes for hedge funds. If they get fleeced in this move, Ben can always say, "Hey, if we hadn't done what we done, your dollars would be worthless... you ought to thank us."
I'm going with the "We're using you suckers as sandbags to protect us from the flood of a rising dollar" theory. Why not. You know what they say, third time's the charm. Can't you just see Obama smiling while he sticks it to Greenwich just as smoothly as he's sticking it to those North-African CIA dictators. He's a genius and he'll never get blamed for any of it. Way, way more teflonic than Bill Clinton ever was. It's one thing to be raised to be smart and slick, it's something else altogether to be a double-agent who appears to simply be a bad golfer.
http://tradewithdave.com/?p=5833
http://tradewithdave.com/?p=5780
Like I always told my kids, when you leave the country, there's no sherriff to call, much less your congressman. The rules have changed and the future of QE just set sail for distant shores. Good luck getting your money back.