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A Surge In "Market Conditions" Imminent?
While hardly a crash, today's AAPL driven market swoon is certainly not the stuff centrally-planned market confidence is built on (not to mention yet another day of various abnormal stock trading patterns in some of the more retail-heavy held stocks which will hardly break the pattern of domestic capital flowing out of equities and into bonds). And as we have seen in the past two weeks, when even green days have resulted in the infamous "market conditions" clause being triggered for companies attempting to sell equity or raise debt, today's red day, assuming of course, the fat pipe between Citadel and the FRBNY is not unclogged for the last hour of trading ramp, may mean that a surge of "market conditional" excuses by companies and underwriters is imminent. The reason: as the WSJ reports there are no less than 10 IPOs in the next 3 days. Should today's market tone persist into the close, we would be very surprised if even half of these price in a market in which the primary market bid disappears on even a -0.01% close.
h/t Alexander Gloy
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BTFD!
Did Santelli mention anything about the conspiracy planned Alcoa "surprise beat" in AH tonight?
that would be implicit. everyone knows everyone won the lotto from today onwards...until they spent it all.
I don't know about a surge in "market conditions", but I do see something of a "surge" in crude underway.
Let them eat paper.
and the excuse of the day will be Syria
Better send in the drones.
Why not send in the clowns, we have plenty in Washington.
When the unit of measuring is lower than a tick on a dog's ass a surprise to the upside is hardly a surprise at all.
the bid will come back ...the TBTFs will not let "market conditons" get in the way of those juicy IPO fees...and bonuses
On that IPO list, I would short at least 7 of those companies.
Can't be a specialty rice company with headquarters in Dubai. That's like gold solid. LOL
HA!
Just noticed that. All those rice paddies in the desert...I guess it's on the list of garbage as well. Import and export is done to death and do it cheaper with food wholesalers.
WDAY - Garbage
SSTK - Garbage
RLGY - Garbage...but a boy billionaire money hiding hole. ZUCKERBERG!!! FOUND YOUR CAPITAL!!!
GARS - Never heard of anyone in the company. Brat pack dick suckers. Concept is done to death. Nobody needs a management dogpile, they need makers.
ICPT - Garbage...Pharma grade garbage.
KYTH - More pill grade garbage.
FANG - it's backer makes it a target of hate and sworn destruction of those backing the other IPO.
The video processing company...hmmm. Not sure they are worth that much for what they do in post production. BUT, it's an industry with low overhead and good money...but risky because it will only take an oil shortage to destroy their ability to deliver on contracts. Okay...
AMBA - Garbage. Too distributed and the energy death bells are ringing loudly..
Whoops. My BTFD AAPL purchase just got stopped out. Will have to wait until 2:59.599999999pm for the next round of AAPL.
Just like your "Big surprise event AH" last week...tool.
LongSoupLine: you did not pay close enough attention: the "Horror" happened right on time. Look at today's report on Iran developing nuclear strike capacity in 2 months time: why do you think WTI is up $3 right now? I am happy with my call.
<secret post, now erased>
WTI: psycho-commodity, qu'est-ce que sait?
Arrest the City of London and lock up those IPO swindlers with it.
good thing obummer clamped down and levied those "heavy fines" on the oil traders !! where would this country be without the rule of law?
I dare any political fucking puppet to make margins on all commodities 100% fucking percent. Then who will you blame for the high cost of a finite resource dipshit?
is wbanzai the main customer of ShutterStock? Should we go long? Are all the graffiti pics that Bruce uses from there too? With bloggernation all around us, I'd say that company has a better forecast for profits than FB, et all
Volitility is great for those who know it is coming. Think about it. Profit while you still can.
If the Street is short Obama would you not expect a weak market for the next few weeks?
The street is what got us in the mess in the first place. I do believe ballots are cast, I'm just not a big believer they count for anything in the last 12 years. Voter turn out in most western nations is well under 60% and ballot distribution is always screwed with to maximize damage between both parties. There is proof of the matter in the diebold machines. Just buried and ignored. Think Obama doesn't get to use the same tricks as bush. Once you are in that chair, nobody says you have to leave.
The print fake Employment results, print 250 years of labour in 2 years and cease all real development projects and businesses. I doubt a Blue blood piece of shit like Romney is really going to help matters any. I heard two voices of the same position in the "debate". What debate?
"I agree to disagree friend, I believe that taxes this and that and whatever"
"<Guffaw> I also agree to disagree pal, I believe that taxes are that and this and something."
The script is old and tired, I really wish someone in the US would grow a pair and offer a different platform. I don't think anyone would complain much. Because it's run this long and stupid, it's given lots of strength to nationalist parties. It's hardly ever talked about in US MSM, but the Nazies are all coming back. Instead of just German flavoured, they speak every language now and are in every western country. Because anyone under the age of 30 is being ignored while the adults are talking, they've gone and built the anti-thesis to both options.
It's the joozzzzz..............