Like A Swiss Watch The Daily Risk Spread Divergence Is Here, On Less Than Vapor Volume

Tyler Durden's picture

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Johnny Lawrence's picture

Buy the dip, says UBS!

UBS Weekly Guide: Upgrading our Equity Exposure 6.27.11

Mike Ryan (bio), Stephen Freedman (bio).

We seek to use recent market weakness as an opportunity to upgrade our exposure to risk assets by raising our equity allocation to a +6% overweight. We still look for equity markets to rebound during the third and fourth quarters amid a likely improvement in the cyclical outlook, still supportive policy backdrop, continued robust corporate profit picture, and .attractive valuations

Johnny Lawrence's picture

I don't think the word "fuck" would pass compliance.

hugovanderbubble's picture

Esto da mucho asco...

 

VWAP 1274...

 

Cognitive Dissonance's picture

But yes, manipulation is an overused word so no point in invoking it.

Let's use a different word to describe low volume market pumps higher. Why don't we call it an "Accidental Stock Surge"?

Hey, accidents do happen.

hugovanderbubble's picture

+1

Italians, Spanish CDS accidental surges to new record highs...thats a curious bunch of accidents too:)

Translational Lift's picture

These turds have no imagination....they pull this shit every time at 2PM unless someone falls asleep and then they do it at 3PM.

Cognitive Dissonance's picture

Doesn't take much imagination to rob the same store on the same street at the same time of day every trading day. Nothing to worry about when the cops are always out to lunch.

Your only concern is when does the store restock from yesterday's robbery. Apparently it's 2 PM.........or 3PM when the delivery truck is running late.

SheepDog-One's picture

I dont know what to call it, as I cant think of anything worse than 'full retard' which we accelerated past long ago. 

Re-Discovery's picture

Yep.  Nurse Kratchet came in and handed out the anti-depressants to the boys.  No panic attacks allowed.

Extra dose for those who short commodities.

Guy Fawkes Mulder's picture

Nurse Ratched.

Pronounced Rat-shit.

Easy to remember from now on, yes?

buzzsaw99's picture

it was me, i bot an mini. [/sarcasm]

buzzsaw99's picture

yep. get ready for a flash crash when I sell. lulz

hugovanderbubble's picture

In spain we have a typical sentence-song: " Esto es un escándalo, Es cán da lo¡¡¡ Es un Escándalo" Song:)

 

 

 

 

buzzsaw99's picture

There was a scandal in the handle (betting pool) when I bet on El Caballo at Churchill Downs June 18th, that's for sure. ;)

schismjism's picture

It looks like the market dynamics sniff of systemic collapse.....

http://www.youtube.com/watch?v=WPp0Ey1kjwc

shushup's picture

Volume has been irrelevant since the inception of QE1

hugovanderbubble's picture
  • Imagine so, till where we have to retrace...
hugovanderbubble's picture

Intraday Overbought

Nasdaq Puts intraday Oversold

Markets; what markets? what a Falacy...

HALT THIS CIRCUS

Sell eod

Hank Paulson's picture

Just keep piling into CMG, LULU, GMCR, and AMZN....you can't lose

Franken_Stein's picture

 

David Rockefeller is 96 years old, he was born in 1915.

Henry Kissinger is 88 years old, he was born in 1923.

 

Ash & sulphur.

 

falak pema's picture

you have a problem with dodos...

Franken_Stein's picture

 

Isn't that a bird that went extinct ?

 

Everybodys All American's picture

The Fed announcement of QE infinity with runoff capital ramps the market. Go figure the insanity of it all. Charles Ponzi is a piker compared to Bernanke.

djsmps's picture

I had turned on CNBC at 2 pm just to check stocks, and in seconds the DOW jumped thirty points. Unbelievable. For no reason.

HelluvaEngineer's picture

The bots detected that CNBC's viewership had suddenly doubled.

sbenard's picture

Best LOL of the day! Thanks!

Cognitive Dissonance's picture

Tripled.

Prior to him only the eTrade baby was watching. Anyone under 4 years of age is counted as half a person unless they are watching reruns of Romper Room.

Wait......isn't that what CNBC is, Romper Room for day traders and algos?

dudley's picture

How about everyone has hedged their positions and now realizes that a Brady Bond solution has been in the works all along so there is some protection in stocks.  If it worked for S. America why not the PIIGS.  It is all a sham anyway.  If I am not mistaked even some of the PM investment companies are hedged in here.  Watch for them to ramp up Gold and Silver later today.

RockyRacoon's picture

Oopsie on that gold/silver thingy there, Dudley.

Re-Discovery's picture

These up days are like bad sessions of EST

"I am happy because I am happy"

Boilermaker's picture

When do the masked pro-wrestlers show up on the floor of the NYSE wearing the trader jackets (but WITH mask, naturally)?

This is beyond words that they would even TRY this.

This has the absolute STENCH of a desperation Hail Mary that I'm actually scared.  Who would even possibly buy into this?  Why even attempt something this stupid?

sbenard's picture

Wall St is having another Pollyanna Party!

Shush! It's really a disease called "hubris obliviana"!

slaughterer's picture

When and how will this divergence close?

RobotTrader's picture

Unless gold gets over $1,500, this rally is going nowhere.

Banks like USB looking strong, if they follow through with more upside tomorrow, then maybe the SPY can get moving up and drag gold up kicking and screaming.

Everybodys All American's picture

IMO I've got to think the dollar will strengthen and further weaken the hard metals. While both are weaker today ... one is a head fake. Which one time will tell.

SheepDog-One's picture

OH it all revolves around gold now, I see.

RockyRacoon's picture

Until it doesn't I guess.   He changes his mind a lot.

Rick64's picture

Looks like a good short.

sbenard's picture

Wow! That volume chart is abysmal. We haven't seen volume that paltry since last YEAR! A WHISPER has more volume!

slaughterer's picture

If we do not see some selling after 3:30pm today then this divergence will close overnight in the futures or early morning tomorrow.

sbenard's picture

Thanks for the insight! Cheers!

cougar_w's picture

Vapor volume for the glue sniffers.

Cognitive Dissonance's picture

Please, no snorting in public. Think of the kids for God's sake. They might want in and then you'd have to share.

plocequ1's picture

If that is Alec Baldwin, Say it isn't so so. Damn, Thats fugly !!

Cognitive Dissonance's picture

It ain't so.

Lloyd Bridges: "Looks like I picked the wrong week to quit sniffing glue."

http://www.imdb.com/name/nm0000978/

http://www.imdb.com/title/tt0080339/

plocequ1's picture

Divergence. Is that like compression?