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Stick Save Mission Accomplished - Goldman Closes Market Over 1,040, Bernanke Last Seen Puffing Cohiba
Nothing to see here, except another example of fair and efficiently manipulated markets. The HFT not-co-much-liquidity-but-certainly-volatility-and-momentum providers take the spree and accentuate it. At the end of the day, the market must close above 1,040 or else it is free fall from here. Mission accomplished.Yet in the process, both SPX and SPY close at 2010 lows, and at the lowest levels since October 30, 2009.
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"Islamic (swap free) Forex trading account are available to all clients irrelevant of their religion."
I have never heard it mentioned before, and i have been trading forex for quite some time. You live and learn.
Timmy and Bennie have you seen them yet, oh but they're so spaced out
B-b-b-Bennie and the (ink)Jets
Oh but they're weird and wonderful, oh Bennie she's really keen
She's got electric hft boots, a mohair suit, you know I read it in a magazine, oh
B-b-b-Bennie and the Jets.
I was watching near the Close today. I find it remarkable that anyone can follow the Trades in SPY and watch as the BID/ASK was locked at [one Example] 104.32/104.33 and Trades continue going off all the way to 20-25 cents lower, yet the Bid/Ask doesn't change at all to reflect the actual Trading.
All those who don't have the benefit of just a simple Real-Time Quote & Trading Streamer, don't get to see the actual Trades and Actual Prices that SPY was being traded at. When they ask for a Quote they'lee get the 104.32/104.33, though its tradig in the teens. Of course this wasn't the first time for me to see this, but it went on for quite a long time today. I'm just wondering...is this allowed "Officially"....is there a legitimate reason for this to happen.
[[[ I didn't takes notes on the exact amounts, but what I described is what went on and goes on pretty routinely, just was more extreme today. And as an aside, No, I don't trade SPY, but like many I do use it as a gauge for the direction of the Market, and also how active the PPT is being ]]]
you guys, short the high PE stocks like amazon, netflix, salesforce.com, etc
if there is anything i have learned...mean PE reversion is a beeutch and momo crowd never learns the lesson or thinks they can bail
Yupp. Amzn got creamed today. Don't like to jump in after such a major fall that it's taken the last couple of days though. But rest assured friendly austrians, when the debt fueled american (former) super consumer gets squeezed, so will Amzn.
in my case as a perenial bear looking for technical evidence to prove the stock market was a piece of shit and should be shorted all the way to ZERO, that evidence does not exist or I would be in the Dow Pit at the CBOT with a perpetual hard on selling every rally with my eyeballs rolling back in my head , laughing like Hannibal Lechter enjoying chianti, fava beans and a liver. It ain't a bear market until it blows off on the upside Tyler , no matter what you think of GSA or the current bunch of vermin in D.C.
It is neither a bear market nor a bull market. It is a managed market. The managers are keeping the trading within a range. Watch the Dow float +/- 300 around the 10,000 mark at least until after the November elections. Flash crashes will happen from time to time but they will be negated and the managers will get the market back into the range. The managers will do whatever necessary to prevent panic selling.
Fed & Wall Street to Pols: "Make a move...and Dow 10,000 gets it"
WH: buh buh..but we need Dow 10k because that is all we have..I mean how else can we convince people the economy is getting better if the Dow is not above 10k.
However this all ends and end it will and frighteningly let the people not forget that some resisted and they were found here on Zero Hedge the only honest media outlet on the planet remaining. I thank my lucky stars every day that this website exists. You make me feel like a human being.
ZH rarely covers GOOD news or positive news by sector, company, etc. they have a BEAR bias. you should know that
You might want to visit a site called "CNBC" or tune in to the channel with the same name if you want happy-let's-keep-our-fingers-crossed-for-the-infinite-bull-market-ride-news...
Good scene on CNBC. Market was just starting to towards 1035 . A fund manager who had a reasonable success record was invited on. They ask him breathlessly how he manages returns in a distressed market and he replies "we are a long and short fund". Oops. Wrong f'ing answer. CNBC crew visibly disturbed. One asks him " what sort of recommendations he would make now. The guy answers " If you have shelter and a job, you are doing great". Exasperated to the maxi-pads, he is asked "What would you tell someone who invested 10+ years ago who is essentially flat ". By now the cannibus must have kicked up some serious dust. He was sounding all Utopian and said " If they have a house , shelter, a Job and family, they are set".
"WHAT ABOUT STOCKS?"
"We are mostly short today".
Mic cut.
Female voice "sorry to the mothership about that, lets go to commercial".
No Joke. Funniest thing I ever heard from that channel. Surprise no one mentioned it . Made all the BS worth it.
Link?
-100
I suppose the 'no joke' part threw me. I'll dismiss any further posts from you to avoid any further negative ratings. From CNBS, nothing really surprises me as it's basically has the legitimacy of professional wrestling.
What you consider good news I consider driftwood in a sea of terrible economic data. When politicians do the proper thing and limit leverage and let housing fall to fair value along with embracing a strong dollar with minimal debt along with an economy that manufactures goods people purchase this site will be the first that is bullish.
Do you not think we wanna buy stocks Tripps? I sure as shit will not buy them because the corrupt want me to align with their design. These are peoples lives were talking about here and we are looking at a once great nation that has become everything Andrew Jackson feared the most when he put his life at risk to fight banks.
+1 John McCloy
Right on Mr. McCloy. Always enjoy your cogent views.
+1 John.
I'm thinking back to sleeping through Econ 101 and the term "jump condition". Always wondered how an entire economy could "jump". Took some growing up, reading, studying [ed. sorry, pushed S and not P, let's see if I cause tomorrow's crash lol] even to learn who the Austrians were and what "clearing the market" is.
So the manipulation rejects the possibility of using proven means to get things right. I voted for "evil" earlier vs. feckless.
- Ned
wrong again. they have a truth bias.
Tripps - are you Tiki Barber looking for a fluff CNBC job? Seriously. Go get your two hits on your website somewhere else.
No-one is trying to stop you from getting your piece of the Ponzi.
Bear Bias?
What about a fact bias? Or is that wrong to post facts?
Explain why the market should go up? What is so Bullish?
Hmm Ill give some BULLISH facts
Unemployment true number 17%
BP oil spill
Gold out performs
$120 trillion in unfunded liabilities ( the Govt only takes in 4 trillion I wonder what the interest on that is)
endless printing of money
Obama's Leadership skills
Geitner Head of Treasury
Bernanke
Dodd
Barney "Puffer" Frank
HFT melt Ups
WOW! your right im closing my short positions and going long! what was I thinking!
"Unemployment true number 17%"
Does this include people work on a cash basis who are really employed but not counted as such? Didn't think so.
Like you, this site does have a bear bias. The fact that CNBC has a bull bias doesn't prove otherwise.
Those people don't make it into the labor force to be counted. The underground/cash economy is hurt too, don't kid yourself.
Jim Cramer is the man you're looking for, Chum.
Tripps, you've obviously never read a post from fucktard extraordinare Leo.
If you have good news, Tripps, spill it?? I could use some cheering up.
I'm almost convinced that Obama has been brainwashed into believing that economic survivial is primarily a "confidence thing"-- and that the only effective way to control that is through price fixing the stock market via PPT activites.
Yep. Almost convinced.
You should be 100% convinced. The entire charade is about politics and being re elected. All the talk about HFT, PPT, TPTB, banks TBTF, and all the other initialisms are just the deck chairs -- the ship is taking on water, the bulkheads have failed.
Money flows thru DC are the key to the whole thing. Nobody wants to feel any pain so the politicians do all they can to relieve the pain of the populace. When Wall St greases the political wheels it is simply to receive reciprocal legislation. The Banks are just ticks on the Washington dog. The populace are the fleas. The host will bite and scratch but the infestation is only growing larger.
Nobody fails, nobody loses money, nobody lives without cable, nobody goes hungry. All the things that make for progress and innovation are subdued and nullified.
When a fair and honest discussion of term limits is introduced there will be a start in providing solutions. And then the whole thing will start over again with new faces trying to game the system. It is not a Democratic or Republican thing; it is a systemic problem. Politicians and policies are the medium, not the message (apologies to McLuhan). When the original founding vision was distorted and disfigured the outcomes became inevitable. The only fortunate thing we can depend upon is that the failure of the original plan allows for its own destruction. That's the death of the DC dog described above. We'll get a new healthy host, but the parasites will simply move in and start proliferating.
All we can hope to gain is a few more years or decades of decent living and some personal freedoms. I just hope that a trumped-up war is not the final solution -- again.
This next comment might spur some controversy, but what the hey. There is a lot said about the "sheeple" and the lumpen proletariat. Yeah, we have those in abundance. But I'll submit that those who come here proposing that the troubles we are experiencing are the result of a Democratic or Republican agenda are drinkers of the same kool-aid. The level of thinking required to blame specific politics or politicians is of low quality. There is hardly, if ever, any proposed replacement of those politicians with any specific people. If you don't like one, nominate a replacement, and say why. Soon enough it becomes apparent that the prolems lay not in specific individuals or policies but in what the system itself has evolved to. Look past the minor differences in the parties and try to find a deeper solution. Until that is done we shall make no real progress -- and that is what "they" would like. "Politics" is a diversionary tactic. Don't give them the satisfaction of a victory in the propaganda war.
I apologize for the sloppy logic, mixed metaphors, and disjointed writing, but the subjects are not easily covered in a comment section. I guess I'm just in one my above average pissy moods. Mandy is exhibiting some extraordinary cleavage this morning so it ain't all bad.
Fed & WS to Treasury: Tell the WH to tell Barney to get out asap, before we tank the Dow. When the Dow is in 3 digits, Ben will say, "We have to press the button to print." Then tell BHO to tell the people, "We have to print." It's a great plan. Also, find a way for BHO to force Lebron to accept the Knick's offer.
coded message to all russian agents reading zero hedge: "remember, only you can prevent forest fires"
You gotta love the last minute PPT melt up!
I like the stick save/hockey metaphor since it seems like every day somebody's getting pucked.
I'm partial to the hail mary analogy. But, what the fuck ever. Same idea.
I'm desperately hoping for a melt up or stall out till next friday. I somehow managed a bonus this year that I fully intend to spend on PM's, ammo and food.
How did helicopter Ben get a Cohiba? I thought it was illegal to get Cuban cigars. Maybe we can have him arrested? Hehe
Cohiba's are also manufactured in the Dominican Republic. And in fact those are a whole lot better than the Cubar (Rush Limbaugh ya know!) version.
Not trying to be a troll, but I want to hear what you all think...I'm a little doubtful that we're going to retest the March 2009 lows. It's not so much that I'm bullish on the S&P, but rather, I'm bearish on the USD, which is what stock prices are denominated in. Thoughts?
Unfortunately, the USD is a turd in a bowl of other turds (EURO being the baby's arm sized one with peanuts stuck in it). If you want to try to sort out the value of turds, go ahead.
ZH rocks but why all the crying over HFT's these days??? I mean sure their around and manipulating the markets and I am SO GLAD ZH shows us how and why they do it. But why would anyone at ZH (considering how smart we all are here) be SURPRISED or even UPSET at this manipulation???
We've all known the markets were manipulated fully and completely BEFORE HFT's were the "new thing in town" so why all the fuss?
Maybe b/c now we need to tweak our "trading system" and watch out a bit more closely on how/where/when to place our trades? Oh you poor thing I just feel terrible for you and your easy money!! Did you honestly think robbing from Wall Street was going to be a walk in the park? Especially considering they know what we know now (but of course we don't have Phd's so it's no big deal right!!)!! Anyway I'd hope ZH would stop crying and start showing us all how to TRADE off the HFT's better and more efficiently!! In fact we at ZH are more prepared to take on these HFT's than anybody else around!!! The fact Tyler can pick them out shows we can crack them (no more SEC...let's make money regardless baby!!!) So let's do this!!!
Let's kick these damned robots in the teeth and make some money!!! Terminator style--Arnold says no cry babies.
I think the point is to stay out of the shark infested waters. I'm not getting anywhere near this market -- in any form. When I see a glassy-eyed dude with a frothy mouth coming down my sidewalk I cross to the other side of the road. No need to get unnecessarily ass-whipped to prove a point.
again, you can't be BEARISH in a vacuum
bearishness ALWAYS should be moderated based on price
if you guys are not getting less bearish as the market pricing goes down you don't deserve to post
if you follow TA, then realize that that will get you in near highs and out near lows...hence why TA sucks alot of times
Tripps,
Optimism and pessimism both have their place, but realism trumps both. Listen to John McCloy and get your head out of your ass.
Anyone wanna take odds with me that, eventually, when this truly goes to fucking shit that Ben and/or Timmy blow their brains out? Seriously, the damage will be so fucking epic that they either do 'the honorable thing' or the masses probably will do Mussolini style.
I hate it and never thought I'd see the day here in the USA. But, it's going that direction and fast as hell. When everyone finds out these crooked fucksticks tripled down on a hard 4 in hopes of hiding their previous crimes...there will be hell to pay.
I understand what you are saying, but seriously, no.
They really do not give a single small shit -- not even a tiny turd on a napkin -- about what happens.
BB is an academic. Academics are trained from infancy to think of themselves only ever as the pinnacle of human evolution, spiritual growth, intellectual rigor, and sublime intelligence second only to God and then only in minor details not important enough to mention. BB is less fallable than the Pope. How could he take a fall over any of this real-world crapfest, it's because nobody listened to nor followed the pure distillation of divine wisdom that was his even fleeting thought and word. Bitches.
And Timmay? The tax cheat? Blowing his own brains out? No, he'll totally fail to file taxes, skip to Tortuga on a 180' yacht with Hanky Paulson, and make jokes all night over cocktails and 13yo virgins about how for 12 years they totally ripped off the US Treasury for the enrichment of their pals. Mission fucking accomplished.
Maybe. But what do I know. I mean don't sue me guys, I was joking. You're the best. See you in Tortuga, baby.
I'm not so sure...but I wouldn't be surprised to see them get off scot-free (sp?).
Then again, they might have an *accident* to soothe the masses. There will be a demand for someone's fucking hide...believe it.
I'm in Metro Detroit...if any place is about to explode...it's here. I'm hiding under my bed with a 12 gauge and a laptop. No shit, the working class neighborhoods are just seething like fuck. Wait until they get the full scoop (or someone explains "you're fucked" in an elementary way to them). BOOM.
Where do you think we are, Japan? Those guys will be yukking it up with their buddies puffing Cuban cigars and playing a few rounds of golf with The Messiah.
Could be...I hope not though. I could see it go the other way though. When the gravity of the situation hits the people that get pissed (you know, the blue collar joes with shotguns that don't understand it until their pension checks DON'T show up)...I think it could get unreal.
I hear what you're saying and I've heard it before...but honestly...by that time they'll be old, tired, fat, poor, and unhealthy...and not interested in doing jack shit anyway other than watch the boob tube. Fact is they're not doing jack now and I'd wager by the same token that they won't be doing jack later. And those of us who are young enough (and dumb enough) to fight 'em...we don't expect to have a pension in the first place...and rightfully so most likely (though I sure hope not!!).
Sad but possible...Jefferson and Franklin said it and I have seconded it...a democracy is ONLY as powerful as the education level of its people...period. Oh what's that you say...more immigrants that can't speak a lick of english but work real hard AND we're laying off teachers AND the college grads are doused in debt for life...um something ain't right in dodge
I was watching CNBS and they had a little segment on the bankrupt city that is Vajello, CA. Their cops are getting a 7% annual raise, and make over $100k salary, plus around $80k in benefits. To pay for the raises, they had to shut down a fire station, lay off about 15 cops, and can't pay bondholders for 3 years. Not a cop hater, but that stuff just might get people out of the line for iPhoney4 and interested in local developments. Or not.
That depends: 1. If they really think they are right in the face of all evidence to the contrary, then, no they won't. They will point to their charts and graphs and explain, in retrospect, how they did the right thing. (See Greenspan.) 2. If they know they are wrong and are concealing the truth from people who need the facts, then yes they will. It all boils down to personal accountability and how much a fella can live with himself. It could take years for the final self-verdict to be rendered.
""""""We've all known the markets were manipulated fully and completely BEFORE HFT's were the "new thing in town" so why all the fuss?""""""""
Answer: I've heard this many times. It is not a question re: Manipulation. It is about the Degree of Manipulation. The Tilt/Angle...aside from being all the more obvious, to the blatant, 'in your face' Degree...no one of matter is fooled, and it shows that the desire to want to show Confidence has long ago been abandon.
I hear ya there, and yeah it's a big pill to swallow that your country, reps., leaders, businesses are all corrupt (basically) and just out for themselves and power and money while democracy is just a big jerk me off, cum in this sock, rehetoric bullshit....it takes a while to get used to that for sure.
But when you look at the markets historically, the manipulation of HFT's is really quite RELATIVE to the manipulations of the 19th century stock market with seasonal trends, shakeouts, news manipulations, then options, then TA, then, then, then, etc. Let's face it this is all just the cycle of everyone chasing the money, and the guys with the most money will be leading the chase while us guys (like us at ZH) are working to stay close behind and then of course the "normal joe-bobs" will be lost in the dust with an empty 401k...it's just the nature of the beast...I mean did you honestly think they were going to let you keep "tracking" their market moves forever with all this technology? It's all about the chase my friend...
I figure we just stay up on them as close as we can and keep 'em running while we keep taking their money for ourselves as we can. Fact is they can afford it and we can do it so why not!!! but like everything else in life you have to earn it...and when you're talking big money, you need to realize you're also talking bigger stakes. You want the goods, step up to the plate brotha. I love democracy but hell democracy or not I still need to pay the bills, put food on the table, and take care of me and mine, and the more we all remember that (sans killing sprees) the more capitalistic, happy, and free we'd all be. Ok I am descending from my soap box...for now. :)
I think we will be in for a massive short squeeze coming up. Saw a lot of dumping in TZA and a crap ton of buying in TNA at the last minute. Maybe that is how they do the manipulation, through 3x leveraged ETFs....anyway just a thought at this late hour. Oh and ES is currently at 1039.75 and lots of buying still going on, so I am sticking to my call that tomorrow will be an up day regardless of the ADP numbers.
Certainly a lot of details like that to take into consideration. Thanks windows vps | cheap vps | cheap hosting | forex vps