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Following Traditional Ramp Into The Close, Kevin Henry Can Go Home Now
On this lonely blustery day, with US equity markets closed, long-only managers around the US can go peacefully back to sleep as 'Kevin' has got our back. S&P futures (ES) managed a glorious ramp into the 915ET close to confirm a close above the vertically challenged 1400 level. Volume, as one would expect, is dismal but the 6500 contracts that ran thru in the last 2 minutes makes perfect sense (to someone we are sure). The equity futures market was on its own in this rampapalooza, as Treasuries slid to the lowest yields in two weeks, USD strengthened, and commodities dropped - all leaving ES significantly divergent from CONTEXT (broad risk-assets). Nothing but another episode of illegally Banging the Close (but don't hold your breath for the regulators to prosecute anyone, least of all the Liberty 33 residents) with your friendly New York Fed (and Citadel). Gold is higher - even with the USD up 0.25%.
S&P futures slide all morning until someone realized there was a chance we would close bvelow 1400!!
and as is clear from the following chart - equities (red) were the only market that saw anything positive... as risk assets in general (which are all open) were weak and stayed weak...
TSYs are down 2-3.5bps across the curve
Gold is marginally higher - even as USD is +0.23% - as commdities seemed the lever to pull stocks up...
Charts: Bloomberg and Capital Context
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Dang it's nice to see your tax dollars working so well!
Could somebody refresh my memory from earlier post: What exactly does Kevin Henry trade? Treasuries? S&P futures?
Damn it! Got "Kevined" again.
After sticking The Fed's Fat Thumb in the dike, Kevin says it's time for a Heiniken.
<golf clap>
Give Horseman a giant hand clap..
he has a body, so he can't burrow the wiring home like other algos...And all tunnels and tubes are now closed !!!
AAPL.
http://www.zerohedge.com/news/2012-10-26/help-us-oh-kevin-henry-you-are-our-only-hope
"Senior Associate, Cross-Market Monitoring at Federal Reserve Bank of New York"
What's his email address? Make sure everyone sends him a nice humiliating message, so by Thursday he will quit!
Kevin must feel like a deer in the headlights.
Fuck you Kevin!
He's just a pawn. Heads should stay cool on this one.
All evil is done by the underlings. Hitler, Stalin, Mao didn't kill anyone themselves. Financial crimes are no different. Kevin Henry is just as guilty as his bosses.
No single rain drop thinks it is responsible for the flood.
Fuck him right in the ear!
Shoot his woman, and rape his horse!
My thesis is bullish!
Today is a bankers worst nightmare. Bad weather, markets closed kids off from school. The wives know markets are closed too. These poor guys are forced to spend the entire day with their families. It's hard to pull off text messages to the girlfriend under these circumstances and what excuses can they use to get out and visit them? They are trapped in their own personal hell. We make fun of them a lot but on days like today their pain is unimiganable.
I noticed your descriptions (there was am great one 6-9 months ago) sound awfully realistic :-)
Hmmm, how would I know? I need to think about that...
What good is it to live a destructive, parasitic life on the road to perdition if you can't enjoy the perks?
Knowing this, today is not a good day if you are a Wall Street Madam.
Tell us more! Tell us more!
How will they suffer?!
How will they be smote?! Tell us, oh bard.
This land is mine......
http://vimeo.com/50531435
Latest 6z GFS has strongest winds I have seen progged yet for the LSV with H85 winds maxing out at nearly 115 knots
Your pants : shitz in them.
Your pantz, hangz on to zem.
"Free" markets at work. < sarc off >
Expect more work from kevin till Obama is reelected otherwise kevin along with Ben will need to find new work. http://www.freefdawatchlist.com
Are you kidding me. Find work? Kevin is a lock to walk through that Fed/GS revolving door. A hero's welcome awaits him at Goldman Sachs.
"Fat tungsten bar fell on keyboard" trade.
"Illegal Banging" .... Thats Hot ..... DSK having another party at the Ritz?
"Underwater" has a totally different meaning for the guy who trades ES for tptb than for the average guy.
They can only hold their finger in the dyke so long. Eventually they will shit thier breeches.
This "market" is totally pathetic.
For a while, in last spring and summer, they'd do it around 2pm, and lately it happens into the EU close.
The other day (last Friday?) NASDAQ painted a regular, perfectly symmetric V shaped curve.
My TA book is telling me all those signs are bullish ;-)
Bernanke: "OMG! We left Kevin home alone!!!!"
M A N I P U L A T I O N
What's that spell?
M A N I P U L A T I O N
Say it again!
I assume everything Kevin buys is in the same Fed black box - no disclosure, no accountability.
When will the SP futes re-open? 6 pm Tuesday?
Delayed week is SUPER good for the Gold and Silver contract turnovers, IMO, since we're going into Novermber, the historically second best month of the year.
And note again that virtually every North American major has beat nicely so far, with more expected beats next week.
Fuck you Bernanke...!!!
Who is this guy Henry? He presses the ass button and the market goes up. What the fluck is so hard about that? Sandy is a hell of alot more impressive
If insurers are large holders of government debt, and they are, if they need massive sums for payouts won't they need to sell bonds to fund this? Hello yield spike we knew you were always just a black swan away.
Praise be unto Kevin.
Hallowed be thy name, Raiser of ES Futures, Destroyer of GC.
I love to play cards. I don't mind losing to a smarter, better player. But, I hate a fucking cheat. At a private poker game I saw a cheat get his eye poked out with a ball point pen.
I heard from a guy that knows alot about alot. He thinks than Ken Griffin's fund has more illiquid, mis-marked, phoney paper than Bernie Madoff. My dream come true would be a forensic accounting of Citidel.
I have to believe that today's events have karma associated with them.