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Volume Is ______ (Insert Appropriate Adjective)

Tyler Durden's picture




 

While we may be running out of adjectives for "Volume is ______" headlines, that does not change the fact that the reality red shift of the universe that CNBC exists in (Bartiromo: "market volume is above average today") is approaching burgundy. On one hand you have CNBC's... one can't really even call it "spin"... On the other you have reality, if only for the time being. We hear the Fed is willing to fund a reverse merger between bizarro and the real world.

 

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Fri, 04/15/2011 - 15:54 | 1173794 The Axe
The Axe's picture

Not only that its options ex today..usually the highest volume of the month....

Fri, 04/15/2011 - 16:49 | 1174059 flattrader
flattrader's picture

They don't need no stinkin' volume to close it at max-pain which is right about where it closed.

Fri, 04/15/2011 - 20:26 | 1174810 egdeh orez
egdeh orez's picture

why insert adjective when its even more appropriate to insert a noun like 'shit'?

Sat, 04/16/2011 - 12:38 | 1175945 Jay Gould Esq.
Jay Gould Esq.'s picture

Maria is a goddess. 

Shake it, girl. Go with the rhythm...lay down the boogie, Brooklyn-style.

http://youtu.be/M0LZzNry8fw

Fri, 04/15/2011 - 17:44 | 1174082 Xibalba
Xibalba's picture

HOLY SHEET!! Did you just see that battahromo segment to take delivery of your silver?  And that the SLV is a scam? 

 

http://video.cnbc.com/gallery/?video=3000016858

Fri, 04/15/2011 - 20:25 | 1174806 The Count
The Count's picture

Once again...Unavailable! I think CNBC is just too stupid to reliably post their own stinkin garbage on the web.

 

Sat, 04/16/2011 - 11:30 | 1175806 crazyroadlizard
crazyroadlizard's picture

thanks for the post - but i didn't hear the part about slv being a scam. I believe it is though - just closed my position in it, at a healthy profit i might add :)

Fri, 04/15/2011 - 17:01 | 1174106 Abiggs
Abiggs's picture

Volume is and has been irrelevent since QE was initiated, transforming stocks into a giant correlated inflation-hedge pool. But the Market has been showing signs of a reversal starting with the events in Japan - notice that the S&P is making lower highs, the commodity complex (ex pm's) are showing signs of topping, currencies are shifting to reflect a change in forecast - but obviously all is contingent upon the Fed's agenda staying constant. Although probable, I don't see the Fed following through with QE3 in July...

Fri, 04/15/2011 - 17:16 | 1174168 flattrader
flattrader's picture

I wonder if they can compensate for what's going to happen going forward with Japan. 

World's 3rd largest economy in deep shit.  We're already getting layoffs here in the US a month out. Q2 will be a mess.

Can they print enough?  I don't think so.

Now that Op-Ex is over, I'm looking at a nuclear short.

Fri, 04/15/2011 - 17:35 | 1174267 alangreedspank
alangreedspank's picture

 

I've heard that the Fed's balance is big enough now that just monetizing the debt on it means QE to infinity anyways, even without official QE3

 

Fri, 04/15/2011 - 15:57 | 1173796 ZeroPower
ZeroPower's picture

SPY & ES in line with a typical up day. Below average sure, but below average with a down day. This low vol environment has been going on for quite a while now..

Fri, 04/15/2011 - 16:24 | 1173942 d00daa
d00daa's picture

Almost lulls you into thinking it's always going to be like that.  This time seems different, like a "new normal" almost.  Almost.

Fri, 04/15/2011 - 16:52 | 1174071 fuggetaboutit
fuggetaboutit's picture

The important thing weekly VIX close is lowest since july '07, when unemployment and oil were a lot higher than they are now

Oh wait, actually unemployment was 4% and oil was $70

My bad

Sat, 04/16/2011 - 05:26 | 1175490 ZeroPower
ZeroPower's picture

Haha - excellent point. Insert a bunch of other crucial macro indicators which look like shit, couple that with an environment where protection absolutely SHOULD be bid, and you're just left with one big WTF c/o the VIX.

Fri, 04/15/2011 - 15:55 | 1173799 Cash_is_Trash
Cash_is_Trash's picture

abysmal

Sat, 04/16/2011 - 08:46 | 1175592 Max Hunter
Max Hunter's picture

Volume = W X H X L ... and circles are Pie R(2).. :)

Fri, 04/15/2011 - 15:58 | 1173806 NotApplicable
NotApplicable's picture

Next thing you know, Bartiromo will be saying that volume doesn't matter (with her best Dick Cheney sneer).

Fri, 04/15/2011 - 16:12 | 1173882 blunderdog
blunderdog's picture

Well, she has put on a little weight...

Fri, 04/15/2011 - 19:11 | 1174647 Brokenarrow
Brokenarrow's picture

"a little weight?" That bitch's ass is a s wide as a barn.

And, how about her crony, Joe "the hit man" Batapaglia? All the old ladies her buried during the dot.com bubble--pumping on cnbc day and night.........

God served justice on him. There are a few of them left that are due: Kernan, Pisani, Herrera, Kudlow, and especially Bartaromo a/k/a Mrs Steinberg.

Did you know Maria's husband owns an etf company? He used to work for bsc and run a penny stock cheat sheet? His father is Saul Steinberg, another wall st, entitled, swindler........

I get sick thinking about it............

Fri, 04/15/2011 - 16:21 | 1173937 SheepDog-One
SheepDog-One's picture

Notice CNBC hasnt included 'VOL' in their screen shots for over a year now.

Fri, 04/15/2011 - 16:36 | 1173986 skeptik
skeptik's picture

Wall Street Journal print edition stopped % difference from average volume several weeks ago.

Fri, 04/15/2011 - 16:29 | 1173963 Id fight Gandhi
Id fight Gandhi's picture

They have said that on fast money this week. Sme ram ass was charting it out saying all is well.

Fri, 04/15/2011 - 17:38 | 1174284 Yen Cross
Yen Cross's picture

I'm wondering if Marie is a cast member of (TRUE BLOOD)?

Fri, 04/15/2011 - 21:55 | 1175038 natty light
natty light's picture

idc the money honey is still hot

Fri, 04/15/2011 - 16:08 | 1173808 Yen Cross
Yen Cross's picture

Insignificant! The adjective is 2 parts. Boiling (red) drunken (staggering)  debt.

Fri, 04/15/2011 - 15:57 | 1173809 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

Poor old VIX, it's just dead, simple as that.

Fri, 04/15/2011 - 16:04 | 1173845 TooBearish
TooBearish's picture

Zero Bid 0 strike vix puts

 

Fri, 04/15/2011 - 16:10 | 1173875 ZeroPower
ZeroPower's picture

Dead on market up days, dead on market down days.

That Artemis post a few days ago on this artificially low volatility environment rings very true on a week like this week. OpEx, big drops in the S&P + or -, and still no move in vol. Artificial as fuck.

Fri, 04/15/2011 - 16:36 | 1173989 Urban Redneck
Urban Redneck's picture

GS BUXNET worm

Fri, 04/15/2011 - 16:09 | 1173879 Cash_is_Trash
Cash_is_Trash's picture

We don't need no fundamentals, let the motherfucker burn!

The lesser the volume, the higher we go.

It's like holding a rock in your hand, dropping it and watch it go up.

Hopium-flavored Kool-Aid for all.

Fri, 04/15/2011 - 16:20 | 1173933 treemagnet
treemagnet's picture

for now....

Fri, 04/15/2011 - 16:29 | 1173971 Id fight Gandhi
Id fight Gandhi's picture

No kidding. If someone told you google would be down nearly 50 and apple down 6 would you say vix plunging too and NASDAQ closing up?

Fri, 04/15/2011 - 15:58 | 1173815 Temporalist
Temporalist's picture

 


Demand for U.S. Assets Declined in February, Treasury Says

"Net buying of long-term equities, notes and bonds totaled $26.9 billion during the month, compared with net buying of $51.1 billion in January, according to a report issued in Washington. Including short-term securities such as stock swaps, foreigners purchased a net $97.7 billion, compared with net buying of $30.6 billion the previous month."

http://www.businessweek.com/news/2011-04-15/demand-for-u-s-assets-declin...

Fri, 04/15/2011 - 15:59 | 1173816 alien-IQ
alien-IQ's picture

who needs volume when you've got Hopium?

Fri, 04/15/2011 - 15:59 | 1173825 John McCloy
John McCloy's picture

Like Houdini's Water Torture Cell Trick?

Fri, 04/15/2011 - 16:01 | 1173826 archfool
archfool's picture

TOO LOUD!  TURN IT DOWN!

Fri, 04/15/2011 - 16:02 | 1173829 homersimpson
homersimpson's picture

Hmm.. that graph on the bottom resembles CNBC viewership the past few years..

Fri, 04/15/2011 - 16:01 | 1173833 Cleanclog
Cleanclog's picture

Irrelevant.  VIX, gold, US$, earnings . . . nothing matters but debt debt and more debt.  Debt held by indebted - banks and sovereigns.  But nothing matters.  

NOTHING.

Fri, 04/15/2011 - 16:01 | 1173835 jkruffin
jkruffin's picture

in buying range for Benny Bucks

Fri, 04/15/2011 - 16:05 | 1173843 plocequ1
plocequ1's picture

Volume? We dont need no steenking volume. Us "Gringo" taxpayers are the volume. 

Fri, 04/15/2011 - 16:04 | 1173846 Dr. Richard Head
Dr. Richard Head's picture

Volume is Bernanke.

Fri, 04/15/2011 - 16:09 | 1173866 rlouis
rlouis's picture

The HFT programs aren't even playing with themselves?

Fri, 04/15/2011 - 16:19 | 1173907 andybev01
andybev01's picture

Very zen.

Fri, 04/15/2011 - 16:18 | 1173913 SheepDog-One
SheepDog-One's picture

WTFFFFFFFF !

Fri, 04/15/2011 - 18:00 | 1174419 Cleanclog
Cleanclog's picture

Winning the Future!    Stupidest tag ever.  What are Obama and advisors thinking? Go Team USA? Beat Brazil?  Squash South Africa?  Rout Russia?  Tards!

Fri, 04/15/2011 - 16:18 | 1173916 web bot
web bot's picture

The world must have had a great lunch today. Lean Hogs are up 8.49%.

Ya.... we're not in a commodity bubble.

Get ready for a wild ride.

Fri, 04/15/2011 - 17:35 | 1174266 walküre
walküre's picture

I like the hog trade.

Hogs are easy to breed, easy to maintain.

When muslims start discovering the flavor of porkloins, we will go into hyper mode on the hog trade.

Ok, that last part is wishful thinking.

But my hogs are fat and I'm loving their upside :)

Fri, 04/15/2011 - 17:38 | 1174289 SheepDog-One
SheepDog-One's picture

Hogs, easy to breed, very expensive to feed.

Fri, 04/15/2011 - 16:19 | 1173924 Tense INDIAN
Tense INDIAN's picture

Apple breaks trend line support :

 

http://markettechnicals-jonak.blogspot.com/

Fri, 04/15/2011 - 21:35 | 1174954 Zero Govt
Zero Govt's picture

...and Google breaks trend support too, then drops through the floor as well 

50% increase in costs and they're still leaking talent to Facefuk and Twatter

Fri, 04/15/2011 - 16:22 | 1173925 TN Jed
TN Jed's picture

Maria, insider tip, 4" is not 7" either.

Fri, 04/15/2011 - 16:28 | 1173941 sergeyvz
sergeyvz's picture

Well, an expanding universe should always produce a redshift, you know... :))

After all, the redshift is an evidence of previous Big Bang:

http://en.wikipedia.org/wiki/Redshift

"The redshift due to expansion of the universe depends upon the recessional velocity in a fashion determined by the cosmological model chosen to describe the expansion of the universe... If the universe were contracting instead of expanding, we would see distant galaxies blue shifted..."

"While it was long believed that the expansion rate has been continuously decreasing since the Big Bang, recent observations of the redshift-distance relationship using Type Ia supernovae have suggested that in comparatively recent times the expansion rate of the universe has begun to accelerate..."

:)))))

Fri, 04/15/2011 - 16:23 | 1173947 long juan silver
long juan silver's picture

AAPL 4th know on the floor. It don't look good my minions. 1st stop $320 but support @ $327 becomes resistance.

Fri, 04/15/2011 - 20:33 | 1174818 Brokenarrow
Brokenarrow's picture

What ahappened to the Cramer prediction: $450!

He has killed more people than Hitler and Osama combined.

Fri, 04/15/2011 - 16:34 | 1173991 Misean
Misean's picture

Yeah, man. We used to crank the shit up to 11...now it's like...you kids over there, turn that down and get off my lawn!

Fri, 04/15/2011 - 17:43 | 1174305 Yen Cross
Yen Cross's picture

Hi Misean. It should be! (Get off of my cloud). Hope all is well. 11 kills hearing @ 40. 9 is good for ever!

Fri, 04/15/2011 - 16:38 | 1174002 Deluxe186
Deluxe186's picture

shitty?

can we play hang man with this tyler please?

Fri, 04/15/2011 - 16:46 | 1174038 jkruffin
jkruffin's picture

CNBC host Caruso-Cabrerra gets busted with Bernanke:

http://www.youtube.com/watch?v=JPZ6Cuh8-Yk

Fri, 04/15/2011 - 20:37 | 1174819 Brokenarrow
Brokenarrow's picture

more like becky quick and buffett

Fri, 04/15/2011 - 16:48 | 1174049 Theta_Burn
Theta_Burn's picture

Silver pennies away from 43...

Fri, 04/15/2011 - 16:49 | 1174053 John McCloy
John McCloy's picture

Matt Taibbi on Ratigan show now discussing the article and Mack's Wife gambling with taxpayer money.

  Before hand it is important to note how clueless these superlibs that appear on MSNBC also Ari Welber found of "The Nation" was stating how anyone who is  against Obama's presidency is a racist essentially. No need to note how Welber followed Obama's campaign in person as he is most certainly unbiased.

Fri, 04/15/2011 - 16:51 | 1174064 chet
chet's picture

Did silver just hit $43?

Fri, 04/15/2011 - 16:51 | 1174067 fuu
fuu's picture

Yeah but Silver is almost touching $43 right now. Who cares about stocks anyway?

Fri, 04/15/2011 - 16:58 | 1174093 fuu
fuu's picture

Oh hi $43!

Fri, 04/15/2011 - 17:07 | 1174131 tallen
tallen's picture

$43!!! :D

Fri, 04/15/2011 - 17:00 | 1174102 Charles Wilson
Charles Wilson's picture

When do we start dismantling the U.S. for parts?

 

CW

Fri, 04/15/2011 - 17:02 | 1174122 chet
chet's picture

Dibs on Hawaii.

Fri, 04/15/2011 - 17:36 | 1174271 Kickaha
Kickaha's picture

Good idea!!  Maybe we could get the Chinese to buy up every freakin' peice of manufacturing machinery in the country.

Wait a minute...

Fri, 04/15/2011 - 17:23 | 1174211 BlackholeDivestment
BlackholeDivestment's picture

...not tuh gud in math, what's the volume of a black hole?

http://www.youtube.com/watch?v=0_yZP4tmYWI 

http://www.youtube.com/watch?v=78yioWJhUJA

Fri, 04/15/2011 - 17:23 | 1174215 Deluxe186
Deluxe186's picture

shotty alaska they got gold bitchezzz

Fri, 04/15/2011 - 21:59 | 1175053 Hephasteus
Hephasteus's picture

And they get to get drenched in japanese radioactive waste. On the plus side people won't go crazy and murder their family because of haarp.

Fri, 04/15/2011 - 17:39 | 1174294 Your Mama
Your Mama's picture

Just buy the fucking dip !

Fri, 04/15/2011 - 18:23 | 1174485 Everybodys All ...
Everybodys All American's picture

One sided trade until the Bernanke is taken out back by someone with the balls to impeach he and Obama.

Fri, 04/15/2011 - 18:41 | 1174550 X. Kurt OSis
X. Kurt OSis's picture

The move on the ten year tells the tale.

Low volume + rising oil + low vol + falling tsy rates + rising stock prices = something big brewing

Fade this cause I'm guessing we got a few weeks of this left.

I don't care how painful it gets, I'm staying short.

The 401k shills and e-trade babies are the only ones keeping stocks bid at this point.

Fri, 04/15/2011 - 20:26 | 1174809 Spalding_Smailes
Spalding_Smailes's picture

You will be crushed .....

 

Fri, 04/15/2011 - 21:48 | 1175020 Hephasteus
Hephasteus's picture

Project much.

Sat, 04/16/2011 - 09:27 | 1175635 X. Kurt OSis
X. Kurt OSis's picture

Not bloody likely. It's cheaper to hedge an up move in stocks than a down move.

Only spot VIX is cheap. Look at the vol curve. Stock call premiums are cheap. The 10 year rate a week ago was a lot closer to what reality should be. The week over week put option on stocks in 10 year TSY went up 2.5% (25 or so basis points times 10 years of duration). Through the action this week, they only thing that appreciated significantly was downside hedging costs (PM's aside).

Fri, 04/15/2011 - 21:32 | 1174892 Zero Govt
Zero Govt's picture

Volume is.....

...crap

...dia-bloody-bolical

...so low it looks like a US Govt budget cut

...nearly as low as CNBC viewers

...almost as low as Maria Bartiromos book sales

...quieter than a Church mouse and GOP on defence cuts

...absolute pants/shit (if broadcast after kiddies threshold) 

...so low we're still looking for it and will report back later when we find it!

 

Fri, 04/15/2011 - 21:54 | 1175033 Hephasteus
Hephasteus's picture

Unleash the adjective kraken why don't ya.

Sat, 04/16/2011 - 21:44 | 1176984 Zero Govt
Zero Govt's picture

passed the time until American Idol ...my absolute fav

Sat, 04/16/2011 - 03:25 | 1175443 Ted K
Ted K's picture

Hey, after Maria Bartiromo did that hard investigative reporting on John Thain, who could possibly question anything she has to say??? After all she says John Thain is a "man of integrity" so that's all I need to know.

http://www.youtube.com/watch?v=3WiLCpMM3yw

My personal favorite (link below) was when Maria was sold a huge piece of the Brooklyn Bridge by John Thain (everything at the banks is fine Maria, capital requirements are kind of like those laws that say you shouldn't put make-up on while driving Maria. NO!!! REALLYYYYY!!! Everything is cool, move along ditzy).

http://www.thedailyshow.com/watch/wed-march-4-2009/cnbc-financial-advice

Sat, 04/16/2011 - 14:07 | 1176132 ThirdCoastSurfer
ThirdCoastSurfer's picture

About two weeks to to go (May 6th) before the 460 million share traded average of Citi goes to 46.

A move that will affect 5% of the daily trading volume as MOMO's, HFT's and the rest scramble:

http://www.securitiestechnologymonitor.com/news/citi-reverse-split-could-hurt-market-volume-27349-1.html

Do NOT follow this link or you will be banned from the site!