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What goES Up, Must Plunge Down

Tyler Durden's picture




 

And just as the regular traing session, which is now obviously composed exlusively of the occasional bipolar lunatic and a whole lot of 'buy only' algorithms, levitated stocks above the inferno of Japanese reality, so the after hours session provides a convenient buffer for all those who have access to daily ES trading to take advantage of old mom and pop who are stuck with their IBM shares until tomorrow's gap down, and reintroduce gravity to the equation. Behold afterhours futures trading, er, sliding. Japan opens in an hour and a half. Bring your fireman's helmet.

 

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Tue, 03/15/2011 - 18:45 | 1057638 ZeroPower
ZeroPower's picture

1270s now. Whatever, same thing can happen overnight back to 1250s, you'll know where to gun for tomorrow with your longs. I.e. higher.

Tue, 03/15/2011 - 18:52 | 1057662 Cdad
Cdad's picture

WTF are  you talking about?  You are the asshat that was calling for higher markets not three hours ago.  Shut it, you fuck!  Calling lower levels now are you?

Got it...zerocred!

 

Tue, 03/15/2011 - 19:00 | 1057696 ZeroPower
ZeroPower's picture

Yes, i called for a higher market at close, and what happened?

We can get to a lower level overnight than the close, thats fine. I just dont see us getting lower low - barred any meltdown. I suggest you re-read my post from earlier today as it seems youre quite gun-ho with mindless responses.

Tue, 03/15/2011 - 19:03 | 1057712 Cdad
Cdad's picture

I suggest you re-read my post from earlier today

Well, I think you should fuck off, you twat.  I know what you said, and I know what you are.  In volatile markets, guys like you are utterly fucking useless.  One or two 180 degree twists from now will make my point.

So my suggestion is that you should dig down into your pants and find your stones, you fuck!

Tue, 03/15/2011 - 19:22 | 1057777 ZeroPower
ZeroPower's picture

I dug, but all i found were your SPY $134 longs.

Tue, 03/15/2011 - 19:29 | 1057809 dark pools of soros
dark pools of soros's picture

are you the bipolar lunatic TD is talking about?

Tue, 03/15/2011 - 19:33 | 1057819 ZeroPower
ZeroPower's picture

no

Tue, 03/15/2011 - 19:33 | 1057820 ZeroPower
ZeroPower's picture

yes

Tue, 03/15/2011 - 19:47 | 1057881 Absinthe Minded
Absinthe Minded's picture

That was pretty funny, douche bag or not.

Tue, 03/15/2011 - 20:01 | 1057934 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

I am not feeling the love here fellow ZHers.

Tue, 03/15/2011 - 20:42 | 1058093 Paul Krugman
Paul Krugman's picture

Wow its getting chippy around here. Everybody should calm down. We have technical breakdowns in almost all indexes. Below 50 dma, and 10 dma beginning to cross 50 dma in most indexes. They can't hold this thing up forever. But the harder they try the better chance for a one off crash adjustment.

 

The thinking espoused on this site will be proven unequivocally right eventually. 

Wed, 03/16/2011 - 00:18 | 1059270 Raphio
Raphio's picture

I am.......

Tue, 03/15/2011 - 19:31 | 1057815 Cdad
Cdad's picture

What a useless douche bag.  You made your call today late afternoon [after the reversal was HOURS old].  If you measure the progress of the VXX from the point of your call until now, you will see how your useless call became diametrically opposed to the VXX price action [which is long vol...since you seem intellectually limited].

But if you want to be a big talking hero...make your call 30 minutes into the open market session...ok hero!

And do me a favor and try not to reffer to me when you are digging you your pants, you fuck.

If you knew the first thing about me, you would know I predominantly sell short...and would NEVER buy calls on the useless Roach Motel [SPY].

But hey...whatever it takes to keep your fantasy afloat that you are a hero day trader extraordinaire!

 

Tue, 03/15/2011 - 19:42 | 1057860 ZeroPower
ZeroPower's picture

lol. Firstly, VXX is a horrible proxy for a vol play. Im gonna assume you know the most obvious reasons..

Secondly, what i (or anyone on teh interwebs) says is up to them. Even if theyre wrong. In my case, i'm not wrong (yet...) though i realize i could be. Until then i stand by my comment that were going higher. If we don't, thats a shame, you can bust out your meany words then.

Finally, you were the one that brought up my pants, digging, and stones (im assuming you alluded to my balls this way - VERY clever!) so again, i urge you to re-read things before you post. It won't make you look like a fool later.

Tue, 03/15/2011 - 19:47 | 1057879 Cdad
Cdad's picture

Again, an utterly useless post. 

You are right, you can say whatever you like here.  And I can tell you what I think of your bitch posts.

We'll talk in the morning then.  Maybe then you will be ready to commit to some sort of feasible strategy.

As for me, I am well aware of the issues associate with VXX...and then again I am aware of a tremendous price dislocation there [between the near and the spot] that I'm pretty sure is going to work nicely.

We shall see, zerocred.

Wed, 03/16/2011 - 10:21 | 1059196 Abiggs
Abiggs's picture

Cbad relax - Zero is one of the few active posters with financial/trading experience; too bad same can't be said about you...

You might want to check yourself before you wreck yourself

Tue, 03/15/2011 - 19:06 | 1057723 walküre
walküre's picture

What's your opinion on Canadian lumber companies going forward? Someone from there suggested that lumber might be the next gold because of massive 2x4 construction efforts when the proverbial dust (hopefully not nuclear) has settled in Japan. Rebuilding 1 million houses or so with Canadian lumber would have a considerable upside for that otherwise down and out industry following the US housing crash.

Tue, 03/15/2011 - 19:16 | 1057756 ZeroPower
ZeroPower's picture

Love it. Am not personally invested in any so wouldnt know what specific reco's to give, but we still have much cheaper lumber rates than the States. Despite NAFTA, the US imposes a ridiculous VAT on most lumber imports from the provinces (to the US). This makes our lumber slightly less competitive, but i remember reading it was still cheaper than finding an American producer.

Applying this to Japan, I doubt theres any sort of FTA there, and plus you have Russia who's much closer with the same endless reserves of wood.. but all in all it seems like a low risk/higher reward bet. Also worth looking into some metal plays like silver and aluminum which will need to be used up and are mined here.

Tue, 03/15/2011 - 19:17 | 1057764 Orly
Orly's picture

I was just thinking, "Aluminum?"

Seems that metal would conform more to earthquake building codes than wood.  I'm just guessing, though.

Tue, 03/15/2011 - 19:22 | 1057780 THE DORK OF CORK
THE DORK OF CORK's picture

Buildings need to be flexible rather then just have a high compression strength.

Long Bamboo Bitches.

Tue, 03/15/2011 - 19:24 | 1057788 walküre
walküre's picture

might be something to consider.

is there even enough bamboo to build 1 million dwellings from?

Tue, 03/15/2011 - 19:39 | 1057806 THE DORK OF CORK
THE DORK OF CORK's picture

We don't need no stinking Pandas.

www.youtube.com/watch?v=UsRUyB5EnFg

 

Tue, 03/15/2011 - 19:52 | 1057898 Absinthe Minded
Absinthe Minded's picture

What are you, some kind of cork soaker?

Wed, 03/16/2011 - 04:42 | 1059733 delta128
delta128's picture

ice holes

Tue, 03/15/2011 - 19:32 | 1057814 ZeroPower
ZeroPower's picture

Bamboo ETF!!

Oh and just read the article you were talking about, good read. This stands out:

Unlike China, which predominantly uses concrete and steel in new home construction, Japan has a wood-based housing construction culture. This trend was reinforced by stricter building codes following the Kobe earthquake in 1995, which necessitated the use of higher-quality lumber

Tue, 03/15/2011 - 20:13 | 1057980 Orly
Orly's picture

I did not know that.  Thanks for the information, fellas.

:D

____

We should keep in mind, too, that it was the massive maves that did most of the damage.

Tue, 03/15/2011 - 19:28 | 1057801 ZeroPower
ZeroPower's picture

Absolutely. You wouldn't see wood being used in heavy industrial uses like the skyscrapers in Tokyo, but i think the context of this wood demand is for all the (unfortunately) lower class that lost their homes, hence from lesser quality materials; weaker wood. Im really not familiar on the natural resource situation in Japan (Agri fields? Some energy?) but im assuming their forests arent too abundant especially after the devastating tsunami.

Tue, 03/15/2011 - 19:34 | 1057829 walküre
walküre's picture

Condos, 3 and 4 stories high can be built from lumber.

Some are mixed usage with retail on the lower floor.

If I remember correctly the time to build with 2x4 or 2x6 and OSB and plywood is much quicker and cheaper than the steel and concrete process.

Not sure what the Japanese had in terms of construction before, but from the devastation you can see that they're familiar with wood construction.

They will need shelter and quick. Once this fucking reactor cools down, they can start to pick up and get at it.

Funding will be a major issue for all this. The banks have 70 year mortgages on the books already. Debt at 200% GDP doesn't help either.

Imo there's going to be a debt reset or debt jubilee before long. No other way out.

Tue, 03/15/2011 - 21:06 | 1058241 Ned Zeppelin
Ned Zeppelin's picture

4 stories (at least in US) is the limit on wood/"stick based" construction.  Whether that is better for earthquakes, do not know. 

Tue, 03/15/2011 - 19:41 | 1057856 EvlTheCat
EvlTheCat's picture

What resources are available for wood construction in high seismic areas and why build with wood in earthquake-prone areas?

http://www.awc.org/helpoutreach/faq/FAQfiles/seismic_design.html

Tue, 03/15/2011 - 20:22 | 1058024 Yen Cross
Yen Cross's picture

That's a thought! Light pliable metal, and easily alloyed. I'm just too tired, to spell malleable. Could work.

Tue, 03/15/2011 - 21:57 | 1058513 TonyV
TonyV's picture

I was thinking "lead". It protects you from radiation, you know.

Wed, 03/16/2011 - 02:54 | 1059645 Yen Cross
Yen Cross's picture

Lead is too heavy. we need a copper/lead/aluminum mix- with a tiny bit of nickle.

Tue, 03/15/2011 - 19:36 | 1057837 Kayman
Kayman's picture

Zeropower

Correct me if I am wrong, but Canada smelts a lot of aluminum (from cheap Hydro power) but I am unaware of any bauxite mining in the Great White North.

Tue, 03/15/2011 - 19:48 | 1057876 ZeroPower
ZeroPower's picture

Yes, definitely lots of smelting going on. For bauxite, up until recently ive heard as well there werent any mines in Canada but i think they were either found and not being mined specifically for bauxite yet or simply were waiting on gov regs to allow actual mining.

A company to check out is Rio Tinto, they claim to have reserves at some of their mines - recent F/S might shed some light.

edit: did a search for bauxite on the TSX and Venture, quite a few show up. Again not sure if they have actual mines or merely smelters like you said, but something to look into.

Wed, 03/16/2011 - 00:25 | 1059291 schoolsout
schoolsout's picture

Canfor

Tue, 03/15/2011 - 19:18 | 1057762 TWORIVER
TWORIVER's picture

Can they use irradiated wood? it seems thats whats coming next.

Tue, 03/15/2011 - 19:22 | 1057781 walküre
walküre's picture

The wood is not as bad as the Chinese drywall. Russia's lumber might be worse off yet.

Tue, 03/15/2011 - 19:25 | 1057791 TWORIVER
TWORIVER's picture

I agree and a big FUK U SHIMA to my junker! Eat irradiated shit.

Tue, 03/15/2011 - 19:28 | 1057796 oddjob
Tue, 03/15/2011 - 19:36 | 1057836 S.P.Q.R.
S.P.Q.R.'s picture

The Japanese favoured wood frame construction after the Kobe quake in '95 - elasticity of wood fiber being better choice then concrete, no reason to think it wouldn't be the same this time around. Bigger opportunity for timber industry will be the message this disaster sends China in choice of building materials. 

Tue, 03/15/2011 - 21:10 | 1058276 Panafrican Funk...
Panafrican Funktron Robot's picture

That's a thought.  Man though, all I can really think about right now is Japanese bonds, and just what a complete clusterfuck that's going to be, globally speaking.

Tue, 03/15/2011 - 20:13 | 1057938 alien-IQ
alien-IQ's picture

the third largest economy in the world and a major trading partner with the US just took one of the most catastrophic hits any country could take short of being invaded and you somehow are delusional enough to think that we have had sufficient market correction already and it's blue skies and green fields ahead?

Tue, 03/15/2011 - 22:14 | 1058597 Wascally Wabbit
Wascally Wabbit's picture

if this were a free market, you would be totally right and we could trade on fundamentals. But w/ fed injections US equities could hit two-year highs tomorrow. 

 

Tue, 03/15/2011 - 18:49 | 1057649 NidStyles
NidStyles's picture

It's going to be a crazy week. I just increased my silver holding's, and my copper/lead holding's.

Tue, 03/15/2011 - 19:18 | 1057771 Michael
Michael's picture

I believe we are witnessing a financial and societal cascading failure pushed over the cliff by a biblical geological event. The speed of the collapse will only accelerate from here on out.

Tue, 03/15/2011 - 19:33 | 1057827 BetTheHouse
BetTheHouse's picture

What, Michael?  Surely you can find a way to blame the Jews for this. no? 

Tue, 03/15/2011 - 19:41 | 1057861 Kayman
Kayman's picture

BTH

Certainly it was the fault of the Jews.  Isn't everything ?

/sarc

Tue, 03/15/2011 - 19:49 | 1057891 Alienated Serf
Alienated Serf's picture

yup. Jews operating HAARP while making christian blood matzo.

Tue, 03/15/2011 - 22:51 | 1058808 Village Idiot
Village Idiot's picture

Called out.  Nice.

Tue, 03/15/2011 - 21:19 | 1058328 glenlloyd
glenlloyd's picture

Biblical as in 'the bible' or biblical in proportions?

Tue, 03/15/2011 - 18:49 | 1057651 drink or die
drink or die's picture

Any updates on the "Nikkei not opening" rumor?

Tue, 03/15/2011 - 18:54 | 1057669 Vandelay
Vandelay's picture

latest is that it is opening

Tue, 03/15/2011 - 19:07 | 1057726 walküre
walküre's picture

they're opening

Tue, 03/15/2011 - 20:12 | 1057986 Math Man
Math Man's picture

Opening up HUGE.

Nuke scare is completely overblown.

http://bravenewclimate.com/2011/03/13/fukushima-simple-explanation/

Tue, 03/15/2011 - 18:49 | 1057655 Josh Randall
Josh Randall's picture

Thud

Tue, 03/15/2011 - 20:20 | 1058021 william the bastard
william the bastard's picture

Where are the gold pimps tonite?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

..?

Tue, 03/15/2011 - 20:27 | 1058049 Math Man
Math Man's picture

They've all left the building after realizing PMs and commodities are dead.  No one is going to touch them after seeing how they performed vs all other asset classes today.

PMs and commodities were more less only underperformed by the Nikkei.

Tue, 03/15/2011 - 21:23 | 1058361 Timothy
Timothy's picture

>> No one is going to touch them after seeing how they performed vs all other asset classes today. <<

Temporarily. But how the fuck do you think Japan is going to rebuild itself? Are they going to use paper currency, bond notes, and stock certificates as industrial construction material?

The bottom line is that this is positive for precious metals and commodities. They are injecting trillions of bullshit into their economy, and in need of hard goods to regenerate.

Tue, 03/15/2011 - 21:55 | 1058508 tmosley
tmosley's picture

Hey, another retard with an attention span less than that of a gnat.

Still waiting on my $20 silver, douchebag.

Tue, 03/15/2011 - 23:17 | 1058977 NewThor
NewThor's picture

Wait. 1 day isn't forever?

No. Way. Dude.

The Benwah Bernank printing like Mad.

The Euro being printed like Mad.

The Yen being printed like Mad.

So I should trade my Gold and Silver for Minilli Vannili albums and 8 track players, eh?

Tue, 03/15/2011 - 21:52 | 1058501 tmosley
tmosley's picture

We're still pulling a train on your mom.  Christ, she's up to 35 guys now, and still moaning like a whore.  Honestly, I'm disgusted.

Wed, 03/16/2011 - 01:51 | 1059501 Mark McGoldrick
Mark McGoldrick's picture

Further proof that one should never get into a vulgarity contest with a libertarian.  

Without the benefit of discretion offered by the frontal lobe (missing, in this case), the lower brain stem is capable of some really low-brow, obnoxious shit.  

Being 1). a repulsive, obnoxious pig and 2). a paranoid doomer goon seem to be the two hallmarks of the libertarian.  

Wed, 03/16/2011 - 00:35 | 1059317 NidStyles
NidStyles's picture

I was out buying, and increasing my holding's. Where were you? Probably trolling Zerohedge?

Tue, 03/15/2011 - 18:50 | 1057657 williambanzai7
williambanzai7's picture

Tue, 03/15/2011 - 18:53 | 1057670 NidStyles
NidStyles's picture

What I want to know is who is Shima? I mean it's pretty clear that the Japanese have something against Shima.

 

Fuk-u-Shima

Tue, 03/15/2011 - 20:00 | 1057924 prophet
prophet's picture

it means "blessed island" or something similar like "lucky island".  Shima is island.

Tue, 03/15/2011 - 18:56 | 1057682 KinorSensase
KinorSensase's picture

williambanzai7, you're the one with the prophetic piece of art?  something about godzilla and Japan if I remember CogDis' comment with any accuracy...link please?

Tue, 03/15/2011 - 19:09 | 1057724 williambanzai7
williambanzai7's picture

Look at my ZH post from this morning.

All those Japanese pensions and insurance companies liquidating their overseas assets...Godzilla III

Tue, 03/15/2011 - 22:08 | 1058578 Miles Kendig
Miles Kendig's picture

Repatriation has a whole new meaning now.  Back to Bill Gross slamming the Ber_Nank for global inflation ... And why the disruptions to the global JIT system will be more severe than many believe possible.

Tue, 03/15/2011 - 19:09 | 1057727 walküre
walküre's picture

tasteless like an upside down cross in a jar filled with urine

don't get tempted by the cheap

Tue, 03/15/2011 - 19:24 | 1057786 williambanzai7
williambanzai7's picture

Perhaps, but if the MSM and lots of others want to keep pointing out the irony of Hiroshima, I will show what it looks like.

Tue, 03/15/2011 - 19:28 | 1057807 walküre
walküre's picture

you follow the MSM?

now you're downgrading yourself faster than S&P and Moodies can downgrade Japanese debt!

stay above the crowd

peace.

Tue, 03/15/2011 - 23:21 | 1059003 NewThor
NewThor's picture

Keep your friends close and your enemies closer.

Plus, the MSM has some really hot women telling the lies.

Bloomberg TV has a stable full of hotties.

Tue, 03/15/2011 - 19:11 | 1057739 Henry Rearden
Henry Rearden's picture

OK, beleive me, I am very happy to see the bleeding in the US stock market.  However, I am very worried about the people of Tokyo and other parts of Japan.  If this 4th reator blows, and radiation really starts to spread, this could be one of the most devestating events in human history.  We are talking about the 2nd largest city in the world going nuclear.  While I want futures to go down, not even I would root for it to happen like this. 

Tue, 03/15/2011 - 19:14 | 1057749 Orly
Orly's picture

I appreciate your sentiments.  Hopefully, all will be well.

All we ever really wanted was a level playing field anyway, Henry.  We would never wish harm on anyone, especially of this tragic magnitude.

Tue, 03/15/2011 - 19:28 | 1057800 williambanzai7
williambanzai7's picture

We are seeing how little the stock market means to people who are more concerned about survival.

Tue, 03/15/2011 - 22:57 | 1058837 Village Idiot
Village Idiot's picture

"We are seeing how little the stock market means to people who are more concerned about survival."

 

Sage.

Tue, 03/15/2011 - 21:15 | 1058298 Panafrican Funk...
Panafrican Funktron Robot's picture

Unlike Larry Kudlow, the vast majority of the people here are not heartless.

Tue, 03/15/2011 - 23:24 | 1059022 NewThor
NewThor's picture

Larry Kudlow has a heart.

It loves money, disregards people and enjoys the taste of his shoe.

Tue, 03/15/2011 - 18:51 | 1057660 the_white_mouse
the_white_mouse's picture

Like we said, sometimes there is some cognitive dissonance associated with a true Black Swan...

 

http://thewhitemou.se/?p=111

Tue, 03/15/2011 - 18:55 | 1057666 Vandelay
Vandelay's picture

I an not worried Crammer told me to just buy the dip.

Tue, 03/15/2011 - 19:04 | 1057714 Overpowered By Funk
Overpowered By Funk's picture

Right, buy the dip just don't waste your time trying to buy KI. It's going fast.

Tue, 03/15/2011 - 19:15 | 1057750 mynhair
mynhair's picture

The poster meant TZA.

Wed, 03/16/2011 - 00:41 | 1059331 NidStyles
NidStyles's picture

Why buy something that I will not need?

Tue, 03/15/2011 - 18:57 | 1057685 Misean
Misean's picture

I'm at the point of simply not caring.

Tue, 03/15/2011 - 19:16 | 1057753 mynhair
mynhair's picture

So hear you, but TZA owes me 13K.

Tue, 03/15/2011 - 18:59 | 1057691 Silverhog
Silverhog's picture

Is there a bottom to that chart? I don't see one.

Tue, 03/15/2011 - 19:14 | 1057747 Cdad
Cdad's picture

There are not bottoms...nor are there any tops.

Tue, 03/15/2011 - 23:27 | 1059047 NewThor
NewThor's picture

Barney Frank is a bottom.

Barack Obama is a bottom.

George W. Bush is a bottom.

Nancy Pelosi is a top.

Hilary Clinton is a top.

Dick Cheney is a top.

Tue, 03/15/2011 - 18:58 | 1057694 traderjoe
traderjoe's picture

This is the beginning of the end of any hope that the Japanese can repay their bonds. While the default won't happen right away - it could take 12-24 months - the hit to the economy and the need to deficit spend further is the end of the Japanese bond market. A grand Jubilee by 2012...

Tue, 03/15/2011 - 19:16 | 1057759 mynhair
mynhair's picture

but...but...Nippon can print!

And they are.

Tue, 03/15/2011 - 19:00 | 1057695 The Axe
The Axe's picture

No offense Tyler..I have seen this story AH before. Because the buy only computers are sleeping, because there are no ETF to screw around with. The computers could care less if land of the Rising Sun would be come a mushroom cloud tomorrow! They would buy CMG and NFLX and every high beta, over shorter mother fucking stock they could. Christ the world is falling apart and green everywhere...good luck Chuck..Nothing except Nothing works in the market anymore except FED action Fed buying and computers period.

Tue, 03/15/2011 - 19:25 | 1057790 subqtaneous
subqtaneous's picture

well, sleep soundly there, pal.  there comes a point where all the reassuring stoicism the B-man muster won't stop this runaway train from careening off the tracks.  we are quickly approaching the proverbial Buffalo nickel on the tracks.

 

Tue, 03/15/2011 - 19:45 | 1057872 4shzl
4shzl's picture

BTFD -- you betcha!

Tue, 03/15/2011 - 18:59 | 1057697 dehdhed
dehdhed's picture

8.5 points a plunge?

Tue, 03/15/2011 - 19:00 | 1057699 chump666
chump666's picture

No dip buying here...once the Hedge funds start to short stocks go long YEN.

I mean some analysts start talking shit on rebuilding boom trades...what with Nuke dust floating about.  I don't think so.

 

Tue, 03/15/2011 - 19:59 | 1057930 Absinthe Minded
Absinthe Minded's picture

Personally, I'd be gettin' the fork outta there! Pronto!

Tue, 03/15/2011 - 19:00 | 1057701 defn8Dog
defn8Dog's picture

Simple plot to this dystopian action film, starring the PDs, co-starring HFTs:  Baad overnight news (ooohhh, noooo!)  starts the countdown to ....[spoiler alert] buy-buy-buy. 

Tue, 03/15/2011 - 19:03 | 1057711 Hacked Economy
Hacked Economy's picture

The line seems to be nose-diving into the deep blue nothingness at the bottom of the graph.  Maybe it's digging a hole to China.  Oh wait...got my geography mixed up.  They're drilling a hole to Las Vegas.

Tue, 03/15/2011 - 19:03 | 1057713 buzzsaw99
buzzsaw99's picture

the sheep don't watch ah so neither do sack and frost.

Tue, 03/15/2011 - 19:04 | 1057716 jelyfish
jelyfish's picture

This is like shooting fish in a barrel.  Seriously, how many multinationals are going to make their quater.

Tue, 03/15/2011 - 21:16 | 1058306 Panafrican Funk...
Panafrican Funktron Robot's picture

Right.

Tue, 03/15/2011 - 19:03 | 1057717 ipud
Tue, 03/15/2011 - 19:06 | 1057722 I am a Man I am...
I am a Man I am Forty's picture

didn't anyone see on tv this morning the PPT in action in the basement of the fed building??

 

has anyone been paying attention over the past 2 years?

 

BTFD

Tue, 03/15/2011 - 19:10 | 1057731 The Axe
The Axe's picture

already retraced almost all the dip....simply amazing...

Tue, 03/15/2011 - 19:24 | 1057783 Shell Game
Shell Game's picture

It's been a year since we've seen any real volatility. Wonder if the machines are flash-crash resistant this go around..

Tue, 03/15/2011 - 19:09 | 1057733 NOTW777
NOTW777's picture

nflx was up 8% today

Tue, 03/15/2011 - 19:18 | 1057770 mynhair
mynhair's picture

Name a short that wasn't badly burned.

Tue, 03/15/2011 - 19:27 | 1057793 Shell Game
Shell Game's picture

CROX

Tue, 03/15/2011 - 19:53 | 1057904 mynhair
mynhair's picture

In NFLX.

Tue, 03/15/2011 - 19:18 | 1057763 homersimpson
homersimpson's picture

I think what is more amazing is that EWV swung from +15% to -1% in one trading session. If that's not BoJ intervention, I dunno what is...

Tue, 03/15/2011 - 19:29 | 1057805 mynhair
mynhair's picture

Are you implying the markets are rigged?

Tue, 03/15/2011 - 19:18 | 1057772 MiningJunkie
MiningJunkie's picture

See? There was a beautiful "dip" today so I jettisoned some useless fiat FRN trash and exchanged it for Teck common and a few calls on FCX. What would you rather own? U.S. FRN's or corporate America/Canada??

You NEVER short a reflationary spiral EVER. Look for a policy shift and then move. Overnight trillion Yen dump then the Fed minutes this afternoon and what do you get? NO POLICY SHIFT! So you BTFD and keep on trucking"...Rinse and repeat.

Do I like it? Fuck no but it beats getting chewed up short against the presses...Help me detect the big PS ("policy shift") and we will make a FORTUNE. I suspect it will be "Good News is Bad News" that starts the crash of 2011.

the Junkster

Tue, 03/15/2011 - 19:48 | 1057880 4shzl
4shzl's picture

Bingo.

Tue, 03/15/2011 - 19:18 | 1057773 RobotTrader
RobotTrader's picture

Rumor has it that Eric King has thrown in the towel and is now retiring.

He has recruited James Cramer to take his place.

Cramer is now touting his "bulletproof" portfolio, with names which have been totally unscathed and untarnished from this week's horrific geopolitical and nuclear events.

In this portfolio are stalwarts such as:  WFMI, NFLX, SBUX, CMG, PNRA, TPX, DTG, etc.

All of which are consumer discretionary stocks.

Which no doubt, will probably be up again despite yet another 200 point drop, led by natural resource names.

Based on their inherent strength the last few days, Cramer predicts that the upside moves in these names will "Shock the World"...

Check out the stocks yourself, amazing how they refuse to sell off, and dip buying is simply voracious.

http://clearstation.etrade.com/cgi-bin/bbs?post_id=9675493

 

Tue, 03/15/2011 - 19:28 | 1057804 The Axe
The Axe's picture

Why, not he only he is speaking the truth...PCLN... Everyone in Japan must be on the site today, planning a fucking trip to NY to buy coach bags and Tiffany watches...He said the same thing about TASR....computer can work both ways.....its not anything other then a video game now.

Tue, 03/15/2011 - 19:31 | 1057812 mynhair
mynhair's picture

I miss the chicks with tits.

Tue, 03/15/2011 - 20:33 | 1058075 long-shorty
long-shorty's picture

+2

Tue, 03/15/2011 - 20:34 | 1058076 long-shorty
long-shorty's picture

+2

Tue, 03/15/2011 - 21:02 | 1058222 TheGoodDoctor
TheGoodDoctor's picture

+3 (Total Recall) :P

Robot Trader isn't as funny as he used to be either.

Tue, 03/15/2011 - 19:40 | 1057850 Harmonious_Diss...
Harmonious_Dissonance's picture

After meltdowns; et. al.That about seals the deal, eh? Armageddon has commenced

Tue, 03/15/2011 - 20:27 | 1058043 tmosley
tmosley's picture

Working on bankruptcy number 8, I see.

Gold goes down 2% and suddenly Eric King is "wrong"?  Does that make you an absolute dumbshit when your precious consumer discretionaries go down 20%?

Seriously, what the fuck is your malfunction, boy?

Tue, 03/15/2011 - 21:58 | 1058521 Miles Kendig
Miles Kendig's picture

Good one Robo!  I heard the rumor as well.  His first guest will be Lawrence Yun and DLTR has scooped up the prime ad slots to service the interested demo

Tue, 03/15/2011 - 19:28 | 1057795 vainamoinen
vainamoinen's picture

yeah, but is the top in? - - - - - - -

Tue, 03/15/2011 - 19:28 | 1057802 TapeReader
TapeReader's picture

Well, it's kinda like this...

The Buy Programs were not on all day, but did somehow know how to collectively kick on in earnest just at the day's low...in fact, the most substantive harmonic of Buy Programs for the entire ES trading day came on right at the low.

 

As usual, the smart money was selling into the afternoon high.

You can monitor changes to order flow momentum for free, in real-time, as the Buy and Sell algos do their thing here:   http://www.algofutures.com/

Hope that you find this as interesting as I do.

Tue, 03/15/2011 - 20:21 | 1058014 Orly
Orly's picture

Man alive!  How can you look at this?  Is it possible to change the colours?  It is making my head spin!

P.S.  No "www" in the address.

 

Tue, 03/15/2011 - 19:27 | 1057803 HungrySeagull
HungrySeagull's picture

I heard the Market hit a circut breaker in about 7 minutes or less since open recently and some stocks never got out of bed early enough to even trade.

I expect a repeat again and again until this thing is settled. Trade fast with those super computers. You will need them before the next breaker slaps the place closed.

Tue, 03/15/2011 - 19:32 | 1057821 mynhair
mynhair's picture

I have some bids I put in before hitting the sheets.

AVL 5.50

SSN 2.60

Tue, 03/15/2011 - 21:05 | 1058235 Randall Cabot
Randall Cabot's picture

"I have some bids I put in before hitting the sheets.

AVL 5.50

SSN 2.60"

LOL LOL LOL

Tue, 03/15/2011 - 19:35 | 1057830 eddiebe
eddiebe's picture

What amazes me is the rush into the perceived safety of the $ and T bonds, and the capitulation of the commodities, along with the P.M.'s and equities. What? People are not going to go to Mc.Donalds anymore now, nor buy toilet paper? And the hundreds of trillions worth of derivatives just got swallowed by the tsunami?

 Buy the dips I say and dump bonds as fast as you can.

Tue, 03/15/2011 - 19:48 | 1057882 RobotTrader
RobotTrader's picture
Some Funds Ready To Buy Japan Stocks After 16% Plunge

NEW YORK (Dow Jones)--Some investors say they view the 16%
plunge in Tokyo shares over the past two sessions as a buying
opportunity, and are poised to snap up Japanese equities.

Heh, are the Japanese bold enough to buy the dip???

LOL....

Tue, 03/15/2011 - 19:49 | 1057894 subqtaneous
subqtaneous's picture

YOU need help.

 

Tue, 03/15/2011 - 20:14 | 1057976 Pegasus Muse
Pegasus Muse's picture

Tyler, why do you let Robo post pics anyway?

In two consective posts the AssHat:

--posted pure BS and lies

--ripped off the KWN logo and used it without permission

--posted picture of Cramer

--followed it up with an anorexic Asian teen in a softporn pose

How much more sickness from this pervert are you going to allow on your site? 

Tue, 03/15/2011 - 20:44 | 1058110 The Axe
The Axe's picture

I for one enjoy ROBO's pictures...his opinions are never as good as the pictures(my all-time favorite is the slow-motion of putting on the dress.

Tue, 03/15/2011 - 23:44 | 1059142 NewThor
NewThor's picture

18 is legal in every country on the planet.

Cute Asian girls are the cutest girls of all! 

Tue, 03/15/2011 - 19:56 | 1057911 Shell Game
Shell Game's picture

They're starving already?!?

Tue, 03/15/2011 - 20:02 | 1057941 tao400
tao400's picture

Exactly

Tue, 03/15/2011 - 19:55 | 1057913 mynhair
mynhair's picture

What part of 'tits' did you miss?  Oh ya, 'tits'.

Tue, 03/15/2011 - 20:04 | 1057946 HungrySeagull
HungrySeagull's picture

That there is a Child still. What? 12 going on 30?

Tue, 03/15/2011 - 20:09 | 1057961 plocequ1
plocequ1's picture

Me love you long time. 5 Dollar Buku

Tue, 03/15/2011 - 20:21 | 1058027 PhattyBuoy
PhattyBuoy's picture

When did this become a phedo site ?

Tue, 03/15/2011 - 22:01 | 1058305 Miles Kendig
Miles Kendig's picture

Mature Snapper is always better for late/early snacks, coffee hour, breakfast, brunch, lunch, supper, second & third snacks, aperitif, dinner, dessert, pre, during and after club grub.

http://www.youtube.com/watch?v=KV8dJIglTyI

Why wait for Friday's to roll to The Second Room?

Tue, 03/15/2011 - 20:03 | 1057944 tallen
tallen's picture

Japanese futures dropping fast, after strong US sesson.

Tue, 03/15/2011 - 20:12 | 1057990 TINN
TINN's picture

no possible

Tue, 03/15/2011 - 20:04 | 1057947 Hannibal
Hannibal's picture

JUST BUY THE FUCKING DIPS. Think Not!

Tue, 03/15/2011 - 20:06 | 1057960 tallen
tallen's picture

How long do you think it takes for mutual/hedge funds to close their massive positions in Japan? Kobe it declined by 26%. Market was already overvalued. The retail investor is going to see this nuclear crisis and close all japanese positions. Why? 4 nuclear reactors failing, it only takes 1 to fail cataclysmically and then huge parts of Japan are uninhabitable

Tue, 03/15/2011 - 20:07 | 1057959 The Axe
The Axe's picture

so much for the AH dip....

Tue, 03/15/2011 - 20:08 | 1057963 Unlawful Justice
Unlawful Justice's picture

This has too be the longest epic sinking of any ship in human history. 

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