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Meanwhile In Canada...

Tyler Durden's picture


Presented with no comment... because what is there to say really!!!

The S&P/TSX Index - it seems someone read our EOD post...?


Chart: Bloomberg


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Mon, 10/29/2012 - 16:37 | 2928866 adr
adr's picture

The climate change hockey stick ain't got nothin on this puppy.

Mon, 10/29/2012 - 16:40 | 2928883 idea_hamster
idea_hamster's picture

Q: So what's the closing quote?

A: Whatever Comrade Stalin says it is....

Mon, 10/29/2012 - 16:49 | 2928918 fonestar
fonestar's picture

Damn!  Just shy of my call....

Mon, 10/29/2012 - 16:59 | 2928955 Mark Carney
Mark Carney's picture

wait? canada made ZH? really must be a slow day.

Mon, 10/29/2012 - 17:03 | 2928978 Manthong
Manthong's picture

Well, beat me with a Bastiat bat.. looks like destruction of biblical scale is good for business.

Mon, 10/29/2012 - 17:16 | 2929022 bania
bania's picture

In the immortal words of The Great One:

"Go to where the market close quote is, not where it has been."

Mon, 10/29/2012 - 17:35 | 2929080 max2205
max2205's picture

Viagra spike. Call a doctor if it stays up more than 4 hours

Mon, 10/29/2012 - 17:39 | 2929092 CClarity
CClarity's picture

What????  Did Canada borrow "you know who" for the day?

Mon, 10/29/2012 - 18:16 | 2929188 Thomas
Thomas's picture

Damn those Canadians. They are always up to no good.

Mon, 10/29/2012 - 18:31 | 2929239 CPL
CPL's picture

Shhhh...again look at teh volume for the day.  The market is a fraction of the size in capital, over stepping a trade is far to easy to notice with an HFT especially when front running a trade.


Canada, welcome to the manipulation of your equities and money markets.  Our government allowed this.  The outcome will not be good.

Mon, 10/29/2012 - 16:50 | 2928919 ghengis86
ghengis86's picture

Is that an end of day ramp or is Kevin Henry just happy to see Ben (instead of Barney)?

Mon, 10/29/2012 - 16:54 | 2928931 macholatte
macholatte's picture



If it looks like a duck, and quacks like a duck, we have at least to consider the possibility that we have a small aquatic bird of the family anatidae on our hands.
Douglas Adams 


Enlightened people seldom or never possess a sense of responsibility.
George Orwell


I think it's wrong that only one company makes the game Monopoly.
Steven Wright


Mon, 10/29/2012 - 16:54 | 2928933 NewThor
NewThor's picture

Thank you Tyler.

This is the first laugh I've had in 24 hours.

Mon, 10/29/2012 - 18:41 | 2929274 LongSoupLine
LongSoupLine's picture

what the holy living fuck?!?!

Mon, 10/29/2012 - 16:40 | 2928869 hedgeless_horseman
hedgeless_horseman's picture



Where does "someone" get the money to do this shit day after day?  It is almost like they can just print it!

Mon, 10/29/2012 - 16:47 | 2928907 debtor of last ...
debtor of last resort's picture

Cayman Medicaid trust fund XXVII

Mon, 10/29/2012 - 17:05 | 2928989 Dalago
Dalago's picture

Audit the Fed and the Pentagon.

Mon, 10/29/2012 - 16:49 | 2928917 JPM Hater001
JPM Hater001's picture


Slow clap commencing in 3...2...1

Mon, 10/29/2012 - 17:02 | 2928979 ATM
ATM's picture

You're assuming there is actual "buying" going on. It's all electronic........

Mon, 10/29/2012 - 18:26 | 2929219 Slacmo with a B
Slacmo with a B's picture



Mon, 10/29/2012 - 16:37 | 2928871 DoChenRollingBearing
DoChenRollingBearing's picture

HFT bitchez!

Mon, 10/29/2012 - 16:38 | 2928874 Eternal Complainer
Eternal Complainer's picture


Funny! I've been unable to access my brokerage account TD since about the same time as that ridiculous surge.

Time to cash out for forever, and never to return again.

Mon, 10/29/2012 - 16:51 | 2928921 JPM Hater001
JPM Hater001's picture

Why are people saying this?  Now it's time to get out?

Thats like saying when the priest molested your brother you still had time but now that he's fondling you...


Mon, 10/29/2012 - 17:23 | 2929044 Eternal Complainer
Eternal Complainer's picture

I cashed out 98% of my holdings the day after MFG, 1 yr ago.
Am tangible asset 99999.9 %, however, I had an extremely tiny tiny wee wee small holding residual. it's not (wasnt) even under water.
Still though, I'll be cashing out now everything. No more paper, electronic digit or anything I don't hold in my hands.

Mon, 10/29/2012 - 20:06 | 2929576 unrulian
unrulian's picture

Hopefully you also have a substandard boat and a river close by

Mon, 10/29/2012 - 17:01 | 2928969 cossack55
cossack55's picture

Cut the final string when I cashed out my 401 when I hit 59.5 and converted all to "commodities on hand". Will never go back to that casino, ever, till the end of time.

Mon, 10/29/2012 - 16:39 | 2928876 jomama
jomama's picture

seems legit.

Mon, 10/29/2012 - 16:54 | 2928932 gmrpeabody
gmrpeabody's picture

Exactly..., what's everybody so worked up about...? ;-)

Mon, 10/29/2012 - 16:56 | 2928938 NewThor
NewThor's picture

Computers are programmed to never, ever, ever lie.

Ain't that right HAL6000?

Mon, 10/29/2012 - 21:26 | 2929874 carguym14
carguym14's picture


This conversation can serve no purpose anymore,Good bye.

Mon, 10/29/2012 - 16:55 | 2928935 Seer
Seer's picture

Of course, it's C-A-N-A-D-U-H!  It's where human nature doesn't work: corruption doesn't happen there, no siree!

And Egypt thought they were the land of DE-NILE.

Mon, 10/29/2012 - 17:09 | 2928999 Haager
Haager's picture

Great post. But one thing is not yet clear to me: I was told that Egypt is the land of senile, and that Canada - or to be correct: Greater Canada as it is known to some to be the UK - was the land of denial?! Truly, the last status is actually appropriate to Europe - in all it's glory.

Mon, 10/29/2012 - 18:27 | 2929221 logicalman
logicalman's picture

Canada just has really good PR.

Banks are as corrupt as any, as is the 'legal' system

Have a look at

Mon, 10/29/2012 - 18:36 | 2929256 CPL
CPL's picture


Mon, 10/29/2012 - 16:39 | 2928878 Seasmoke
Seasmoke's picture

that looks fraudulent !!

Mon, 10/29/2012 - 17:02 | 2928976 LMAOLORI
LMAOLORI's picture



How does this look?

Moody's May Downgrade Canadian Banks

Mon, 10/29/2012 - 16:40 | 2928881 SillySalesmanQu...
SillySalesmanQuestion's picture

The 3:00-4:00 daily rrrrrrrrrrrrrrrraaaaaaaaaaaaaaaaaammmmmmp up continues unabated.

Mon, 10/29/2012 - 16:41 | 2928884 kaiserhoff
kaiserhoff's picture

As Marge Simpson said of her blue hair, "Are you suggesting it's not natural?"

Mon, 10/29/2012 - 16:52 | 2928924 JPM Hater001
JPM Hater001's picture

All I'm saying Marge is I need to be sure the carpet matches the curtains...

Mon, 10/29/2012 - 16:56 | 2928940 Seer
Seer's picture

That's pretty cartoonish- I'm NOT going There!

Mon, 10/29/2012 - 16:42 | 2928889 UGrev
UGrev's picture

This provides imagery from my childhood when shit got so fucked up we threw our hands up and yelled "DO OVER!".  I didn't realize we could do this as adults. 

Mon, 10/29/2012 - 16:57 | 2928949 Seer
Seer's picture

That deserved a beverage warning!

Mon, 10/29/2012 - 19:12 | 2929375 UGrev
UGrev's picture

I'm sorry, my posts are to be considered "Drink at your own risk..". Sorry, no do over's :D

Mon, 10/29/2012 - 16:43 | 2928892 FuzzyDunlop21
FuzzyDunlop21's picture

Is this that cocksucker Kevin Henry again?

Mon, 10/29/2012 - 16:44 | 2928895 markar
markar's picture

So the algos moved north to higher ground for a couple of days, eh?

Mon, 10/29/2012 - 16:58 | 2928954 Seer
Seer's picture

And you thought that "worm holes" weren't for rats?

Mon, 10/29/2012 - 16:45 | 2928896 lance_manion
lance_manion's picture


Mon, 10/29/2012 - 16:45 | 2928898 dukeland
dukeland's picture

That kind of silliness (only shorter sticks) happens almost everyday in last 30 sec of the day. Today it is amplified because the Algos had only one market open to play, so all of them piled on here. 

You think SEC has no teeth, wait till you see how much power OSC has..light years behind SEC.

Mon, 10/29/2012 - 18:39 | 2929269 CPL
CPL's picture

They are still dealing with BreX, possible locations of Elvis, Yeti futures and the likelyhood of Canonizing Stomping Tom.

Mon, 10/29/2012 - 16:46 | 2928902 Dr. Engali
Dr. Engali's picture

It would be much easier if Ben would tell us what the end of the day print is going to be. It would lower my carbon foot print since I could make a determination on whether or not I should bother going into work.

Mon, 10/29/2012 - 16:46 | 2928905 justintime
justintime's picture

are these "closing" ramps intended to fall inline with technicals? Like those such as, kevin Henry, have a particular number they have to hit. Over a long enough timeline, these numbers indicate a "bull" or "trend"? I just don't get the ramp to green theme. Besided nightly sheople news non-shocker value.

Mon, 10/29/2012 - 16:47 | 2928909 Hondo
Hondo's picture

I'd sell them everything I have at that print..

Mon, 10/29/2012 - 16:48 | 2928910 10044
10044's picture

Ah.... So that's where the henry fed guy was trading...see tyler, you were nervous in the am!

Mon, 10/29/2012 - 16:49 | 2928916 TheCanadianAustrian
TheCanadianAustrian's picture

Clearly a dildo-in-the-bedsheets pattern is forming in the technicals.

Mon, 10/29/2012 - 17:00 | 2928962 Terminus C
Terminus C's picture


I am waiting to see the spin of the Canadian MSM.  This should be good.


Mon, 10/29/2012 - 16:50 | 2928920 swissaustrian
swissaustrian's picture

BOC is run by a former Goldmanite.

Mon, 10/29/2012 - 17:02 | 2928922 Wakanda
Wakanda's picture

Hockey stick eh?

Pre season warm ups.

Mon, 10/29/2012 - 17:04 | 2928985 pods
pods's picture

And here I thought that finding a mouse in my beer was strange?


Mon, 10/29/2012 - 17:32 | 2929071 CCanuck
CCanuck's picture

Take Off EEhh! Your a Hoser eh!

Nuthing strange about our brew!!! Eh!

Mon, 10/29/2012 - 18:06 | 2929142 StychoKiller
StychoKiller's picture

Pretty hard to miss huh?  Oh, you typed mouse -- never mind then.

Mon, 10/29/2012 - 17:15 | 2929019 Haole
Haole's picture

What season?  Do not pass contract talks, go directly to golf. 

Mon, 10/29/2012 - 17:32 | 2929073 Wakanda
Wakanda's picture

PM season!  Lotsa boating accidents on the North East coast.

Mon, 10/29/2012 - 16:51 | 2928923 Parrotile
Parrotile's picture

Must be a:

"Data error"

"Rounding error"

"Interpretation error"

"Computational error"

"Cause if it's not, there's surely something very fishy going on here . . . . .

(or maybe all those pesky trading algorithms have finally "seen the light", developed machine-level self awareness, and as for how this will pan-out for us humans, the Terminator series might be a useful primer . . .) 

Mon, 10/29/2012 - 16:52 | 2928926 debtor of last ...
debtor of last resort's picture

I bet the next storm will cause a bank holiday of two weeks.

Mon, 10/29/2012 - 16:57 | 2928946 Dr. Richard Head
Dr. Richard Head's picture

This ramp job brought to you by HP.  We print, so you don't have to.

Mon, 10/29/2012 - 16:58 | 2928952 justintime
justintime's picture

My last post made no sense. Are these ramp to closings intended to CREATE TECHNICALS? People like "kevin" hit certain numbers where over a long enough timeline the "bull" or "trend" is created?


or is this all for the evening news sheople show? It's green, alls good!

Mon, 10/29/2012 - 17:00 | 2928960 Disenchanted
Disenchanted's picture




That's the well known tempest in a teapot chart formation...

Mon, 10/29/2012 - 17:01 | 2928968 The Shootist
The Shootist's picture

Par for the course.

Mon, 10/29/2012 - 17:03 | 2928983 Haager
Haager's picture

Some gold miners spiking? I'm puzzled.

Mon, 10/29/2012 - 17:04 | 2928984 machineh
machineh's picture

Nothing to say?

How aboot 'EH???'

Mon, 10/29/2012 - 17:05 | 2928987 Trimmed Hedge
Trimmed Hedge's picture

No shit..

That manipulated grind-down from 10:30 to 15:30 is pure BS!!!

Mon, 10/29/2012 - 17:11 | 2929008 Terminus C
Terminus C's picture

It is a damn good thing the market was allowed to reassert itself at 3:57!

Mon, 10/29/2012 - 17:17 | 2929027 RopeADope
RopeADope's picture

The government has determined that FRNs in bear broker accounts are financial terrorists and are subject to detention without due process.

Mon, 10/29/2012 - 17:10 | 2929003 dariomilano
dariomilano's picture

zerohedge.. stop suggesting algo&fed actions!!!!!

Mon, 10/29/2012 - 17:13 | 2929013 Canadian Dirtlump
Canadian Dirtlump's picture

My shares in Elsinore Brewery went full retard eh. I love it.

Mon, 10/29/2012 - 17:15 | 2929017 Seasmoke
Seasmoke's picture

Jim Cramer approves this chart

Mon, 10/29/2012 - 17:15 | 2929018 spastic_colon
spastic_colon's picture

i am speechless, the volume went over tenfold in 3 minutes?  wow, and the msm will ignore this of course, as will any authorities, although a giant tell for global market manipulated arbitrage

Mon, 10/29/2012 - 17:16 | 2929025 css1971
css1971's picture

You know when you try to lift something and it's much easier tham expected because it's lighter? This is the computer equivalent.

Mon, 10/29/2012 - 17:21 | 2929036 eddiebe
eddiebe's picture

Mother nature is pissed.

Mon, 10/29/2012 - 17:25 | 2929052 hooligan2009
hooligan2009's picture

looks like the crane at One 57...oh that nothing to do with the storm..and the crane was trying to lift the national debt? or was it the gold bars of the billionaires paying zero city taxes?

Mon, 10/29/2012 - 17:27 | 2929058 Money 4 Nothing
Mon, 10/29/2012 - 17:29 | 2929063 BigInJapan
BigInJapan's picture

Gotta kill that story about Hong Kong imposing tax on foreign properties. Hongcouver is in a bit of trouble, methinks.

Mon, 10/29/2012 - 17:30 | 2929065 HD
HD's picture

This chart exemplifies why bulls are delusional, bears are disgusted and the entire system is hanging by a thread.

Mon, 10/29/2012 - 17:31 | 2929070 Auburn
Auburn's picture

Let me be the first ....... OSC (Ontario Securities Commission for all you non CAD bitchez) - F YOU!!!!!  Nothing to see in those last couple minutes.  Be proud, we're as skanky as all other manipulated markets.

Tue, 10/30/2012 - 06:33 | 2930733 Confundido
Confundido's picture

You mean...the same OSC that was chaired by the head of corp/investment banking of BNS? Ain't that a joke?

Mon, 10/29/2012 - 18:33 | 2929090 cranky-old-geezer
cranky-old-geezer's picture



I'll print this chart, put it on the wall, look at it next time I get the urge to play that rigged manipulated joke otherwise known as the stock market.

Granted, if I bougt AAPL 4 yrs ago and rode the Fed ramp-up I'd be doing ok. 

But gold did better :)

Mon, 10/29/2012 - 17:40 | 2929094 Dburn
Dburn's picture


Mon, 10/29/2012 - 18:20 | 2929204 dcb
dcb's picture

jesus, can't you idiots plot a chart. other than when the algo's are in a crazy up phase or a certain area of a down phase the majority oif each week is an over lap. which is why you usually want to be selling a portion of your shorts into eqach weekly high, and buying lower. we hit new weekly lows friday and bounced a stupid degree off them, not sure if we hit them today (lower low). plus, if you trade you (I hope) have seen the bull shit the way the algo's have contained the drops so they happen real slow. it used to be shiorting was fun because you picked up money faster. it's gone the other way around, and the drops take longer now

Mon, 10/29/2012 - 20:53 | 2929763 hooligan2009
hooligan2009's picture

huh? (.) (.) wiggle?

Mon, 10/29/2012 - 18:46 | 2929287 robertocarlos
robertocarlos's picture

Mayor Ford reminded the people of Toronto today how to deal with traffic lights when they go out. Something aboot 4 way stops.

Mon, 10/29/2012 - 19:09 | 2929359 Mentaliusanything
Mentaliusanything's picture

So I'm assuming it closed higher for the day.

Most Junkies do ya no

Mon, 10/29/2012 - 19:15 | 2929385 afton
afton's picture

The New Normal...





Tue, 10/30/2012 - 00:37 | 2930483 steelrules
steelrules's picture

The whole TSX moved higher on 4 stocks, this one of the 4 will be of particular interest to my American cousins, ATK tried to buy them back in 2008.

Anyway they build drones.

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