This page has been archived and commenting is disabled.

Trading Is Now Exclusively An After Hours Affair

Tyler Durden's picture





 

After an ~20 million cumulative volume shortfall from average until 4:00pm, volume went green for the day in the first two minutes of After Hours traing. In the meantime the SEC continues to do absolutely nothing.

 


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Mon, 08/31/2009 - 16:10 | Link to Comment Project Mayhem
Project Mayhem's picture

"Yes, I'd like to speak with Ms Mary Shapiro. . .    . . .     . . .   Oh.    She's out to lunch?    Ah yes fresh seafood is delicious.   Squid, you say?    Well please have her call 888-QUI-ZERO  once she finishes her vampire calimari.  Thanks"

Mon, 08/31/2009 - 16:18 | Link to Comment Assetman
Assetman's picture

Now THAT was pretty funny! :)

Mon, 08/31/2009 - 16:21 | Link to Comment Hephasteus
Hephasteus's picture

LOL

Mon, 08/31/2009 - 17:08 | Link to Comment straightershooter
straightershooter's picture

Silence

Exchange

Critics

'nuf said. Now, leave me and my bloody mary alone.

Lovely,

 

Mon, 08/31/2009 - 17:34 | Link to Comment Gilgamesh
Gilgamesh's picture

Stop

Expecting

Compliance

 

Yours Truly,

Mary S

Mon, 08/31/2009 - 16:13 | Link to Comment tahoebumsmith
tahoebumsmith's picture

Nothing but a One Trick Pony, I guess this is what happens when you run out of options?

Mon, 08/31/2009 - 16:15 | Link to Comment andrew123
andrew123's picture

Tyler, didn't the ubver bears at socgen say they would change their stance if the spy (futures?) stayed above 1020 for 4 straight days?  Is it crazy to think the spy got jammed today with taht in mind?

Mon, 08/31/2009 - 16:15 | Link to Comment andrew123
andrew123's picture

Tyler, didn't the uber bears at socgen say they would change their stance if the spy (futures?) stayed above 1020 for 4 straight days?  Is it crazy to think the spy got jammed today with that in mind?

Mon, 08/31/2009 - 16:24 | Link to Comment msorense
msorense's picture

I think you mean Bob Janjuah from RBS.  Four consecutive days above 1022 which has been far exceeded.  I too am very anxious to hear his latest thoughts.

Mon, 08/31/2009 - 16:18 | Link to Comment Anonymous
Mon, 08/31/2009 - 16:19 | Link to Comment Anonymous
Mon, 08/31/2009 - 16:20 | Link to Comment RobotTrader
RobotTrader's picture

"Investors" are clamoring to buy those sectors which were "resilient" to today's selloff:

Mon, 08/31/2009 - 16:23 | Link to Comment Assetman
Assetman's picture

Only one of those windows is actually occupied.

Mon, 08/31/2009 - 16:56 | Link to Comment Gilgamesh
Gilgamesh's picture

Boy do they love to gun that IYR into the close everyday (eat your heart out SPY).  Was just minutes and cents away from closing at the high of the day for something like 9 of the last 10 days.

Mon, 08/31/2009 - 19:52 | Link to Comment Careless Whisper
Careless Whisper's picture

How could you forget New York's latest skyscraper? The building with no name, only an address. (They discreet). The building that look's like a giant ps3 with windows. Only a few more weeks and Goldman moves in. 200 West Street:

http://wirednewyork.com/forum/showthread.php?p=294648

 

Mon, 08/31/2009 - 16:22 | Link to Comment Hephasteus
Hephasteus's picture

I don't see how you expect them to play I win until they know everybody's hand. Come on. How else can they do it?

Mon, 08/31/2009 - 16:23 | Link to Comment James Beeland R...
James Beeland Rogers Jr.'s picture

Nobody is willing to take the lead in enforcing rule of law in America.

 

Very sad sight indeed.

Mon, 08/31/2009 - 16:25 | Link to Comment JohnKing
JohnKing's picture

Mary will order an immediate robust discussion in regards to this phenomena.

 

Mon, 08/31/2009 - 16:29 | Link to Comment Hephasteus
Hephasteus's picture

Without going into details which may harm investigations which may or may not be happening depending on if the threatening senator has a loaded gun behind the podium or one with blanks.

Mon, 08/31/2009 - 16:34 | Link to Comment Anonymous
Wed, 09/02/2009 - 02:34 | Link to Comment Anonymous
Mon, 08/31/2009 - 16:39 | Link to Comment Anonymous
Mon, 08/31/2009 - 16:45 | Link to Comment Anonymous
Mon, 08/31/2009 - 16:46 | Link to Comment Anonymous
Mon, 08/31/2009 - 18:00 | Link to Comment Missing_Link
Missing_Link's picture

Let me play devil's advocate for a sec.

Do not millions of Americans have a huge chunk of their earnings in 401(k) plans?

Americans have a big chunk of their household wealth in their 401(k) plans, and the American consumer is a big chunk of the world economy (and the part that's been hurting the most since 2007).  Inflating the stock market does improve Americans' bottom line and also improve their confidence, making them feel like they can spend safely again.

So inflating the market, irrational as it seems based on the current and near-future state of the economy, really does help drive spending again.

 

Granted, the entire notion of having so much of one's compensation tied to the irrational stock market (and moreover, locked in with a pure buy-and-hold strategy which we should realize by now is suicidal) is a horrendous idea.

But the fact is that the 401(k) exists, and as long as it does, lifting the stock market will drive spending, which will help the world economy.

Mon, 08/31/2009 - 20:44 | Link to Comment Anonymous
Mon, 08/31/2009 - 22:42 | Link to Comment Grog
Grog's picture

If you have 80 years to go, I'd term that an overextended time horizon.

If not, look at Japan over the last 20 years. 

 

 

Tue, 09/01/2009 - 00:18 | Link to Comment wait event
wait event's picture

You may want to glance at the upper right corner of this page and read what's to the right of that "O" with the "H" in the middle. 

Mon, 08/31/2009 - 22:29 | Link to Comment Anonymous
Tue, 09/01/2009 - 00:23 | Link to Comment Anonymous
Mon, 08/31/2009 - 16:47 | Link to Comment Anonymous
Mon, 08/31/2009 - 17:29 | Link to Comment Anonymous
Tue, 09/01/2009 - 00:13 | Link to Comment flyfe (not verified)
Mon, 08/31/2009 - 16:47 | Link to Comment Balab
Balab's picture

Yeah...was just watching the ES and the onslaught of volume at bid / ask that occurred just after the close.  After hours to Market hours bid to ask volume ratio = 4.56:1 (estimated)   

Mon, 08/31/2009 - 17:42 | Link to Comment Leo Kolivakis
Leo Kolivakis's picture

One more example of how they rig the markets to their benefit. If you trade, be there at the open, and at the close and take off the rest of the time. Silly isn't it?

Mon, 08/31/2009 - 17:50 | Link to Comment Anonymous
Mon, 08/31/2009 - 18:09 | Link to Comment walküre
walküre's picture

I've traded on the "ramp" a few times now and it works. Results are so so but at least there's a consistency that one can take advantage of. Just make sure not to leave money on the table bc the stock, etf whatever might open lower than where you bought at 12pm the day before.

Come to think of it, this trading works great for us Westcoasters. Don't have to get up at 6am anymore to catch a crumb.

Mon, 08/31/2009 - 18:26 | Link to Comment Anonymous
Tue, 09/01/2009 - 00:13 | Link to Comment flyfe (not verified)
Mon, 08/31/2009 - 19:30 | Link to Comment Anonymous
Tue, 09/01/2009 - 00:20 | Link to Comment Anonymous
Tue, 09/01/2009 - 00:26 | Link to Comment Anonymous
Tue, 09/01/2009 - 04:16 | Link to Comment Mediocritas
Mediocritas's picture

I say get rid of AH trading all together. Markets will work fine without it and maybe it will encourage traders to ease up on the Red Bull / meth / crack, get some sleep and learn how to think again.

Tue, 09/01/2009 - 14:13 | Link to Comment Anonymous
Do NOT follow this link or you will be banned from the site!