Boehner Arouses Market As Reid Beatdown Forgotten

Tyler Durden's picture




 

Just 12 days ago (before the cone of silence began), we saw the beginning of the Boehner bounce as the speaker spaketh and the market obeyeth. Headline-chasing algos know only one thing it appears, when Democrats speak, sell; when Republicans speak, buy... oh how we love these efficient markets...

It seems someone somewhere was desperate to see a Green day...

 

and as we pointed out two weeks ago (before the cone of silence)...

 

Charts: Bloomberg

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Wed, 11/28/2012 - 11:52 | 3017506 walidsassia
walidsassia's picture

Disfunctional markets, any move down , we have a Jaw-boning intervention send it up, while nothing being resolved, keep emmazed how the timing can not be more perfect 


Wed, 11/28/2012 - 12:03 | 3017540 TruthInSunshine
TruthInSunshine's picture

 Ask your doctor about Cialis.*

 

*If you notice a Boehner speaking for more than 4 seconds and sending algos into a devoid-of-all-human-logic-based-purely-on-machine-learning excited, titilating, engorged frenzy, pull your Muppet Meat out of the gory hole, stop trading if you've been still daring, and contact SAC Capital or Goldman Sachs and ask to speak to Dr. Gilman or Dr. Stolper.

Wed, 11/28/2012 - 12:08 | 3017569 john39
john39's picture

seems to me that the bonner jawbonning was just the cover for the ramp job by the FED...    but, what does it matter really, none of it is real.

Wed, 11/28/2012 - 12:10 | 3017577 TruthInSunshine
TruthInSunshine's picture

It could be the old "Ouch, my Hairy Reed," "Ouch, my Boehner" frontrunning scam, too.

That's sooo typical.

Wed, 11/28/2012 - 12:17 | 3017593 Frastric
Frastric's picture

Market... boner...

Just waiting until it goes soft again...

Wed, 11/28/2012 - 12:34 | 3017601 TruthInSunshine
TruthInSunshine's picture

 "Harry Reed seen slapping Boehner down." "Boehner & Hairy Reed inch closer?"

Can't ask for much better fodder for the juvenile headlines.

Wed, 11/28/2012 - 12:19 | 3017606 AlaricBalth
AlaricBalth's picture

I would venture to guess that 10 minutes before stepping to the podium Boehner was on the phone to his broker buying SPX calls for a quick trade.

Wed, 11/28/2012 - 12:38 | 3017660 Boilermaker
Boilermaker's picture

Golly...ya think?

Wed, 11/28/2012 - 12:55 | 3017688 scatterbrains
scatterbrains's picture

Gold didn't spike so not sure the nyfed jumped in this time..  gold's calling bullshit on the spike.. so far.

Wed, 11/28/2012 - 12:14 | 3017585 slaughterer
slaughterer's picture

Can't believe the sheeple are letting themselves be held hostage by this blatant statist thuggery.  

Wed, 11/28/2012 - 19:37 | 3018890 StychoKiller
StychoKiller's picture

The Ignorati voters once bought, unlike Politicians, STAY BOUGHT!

Wed, 11/28/2012 - 13:02 | 3017708 Stoploss
Stoploss's picture

Boehner? Or, Bill Auctions.

See, if they don't throw in the Boehner, before the auction, it's too obvious.

Were not going to let a 100 point swing just slide by on no news, so, throw in the Boehner for the smoke screen.

Wed, 11/28/2012 - 15:00 | 3018083 Golden_Rule
Golden_Rule's picture

Thats my thoughts as well.  The news no longer moves the market, instead the market moves and the news must justify it.

Wed, 11/28/2012 - 16:09 | 3018304 reddragonleo
reddragonleo's picture

The "timing" is always perfect as the market is 100% controled and rigged in favor of the "fantasy" that "everything is OK"... instead of the reality that the Dow should be trading around 3,000-4,000 (but only in a real world of course)

Wed, 11/28/2012 - 11:53 | 3017508 bigdumbnugly
bigdumbnugly's picture

dr jekyll and mr hyde

or two mr hyde's?

Wed, 11/28/2012 - 11:53 | 3017509 Boilermaker
Boilermaker's picture

AHAAHHAHAHAHAAHAH

What a FUCKING JOKE.

Wed, 11/28/2012 - 11:59 | 3017531 aint no fortuna...
aint no fortunate son's picture

algos have to be programmed for this shit - so TPTB know in advance when the puppets are about to speak and they place their "bets" accordingly... this was no doubt all set up between the FED and JPM etal before the market even opened, probably choreographed to squeeze the shorts on what they knew would be shitty housing data... did anybody happen to notice what EURUSD did at exactly 10:00 a.m.?

Wed, 11/28/2012 - 12:01 | 3017549 Boilermaker
Boilermaker's picture

Nah, the SEC protects against such bullshit.  It could never happen.

Wed, 11/28/2012 - 12:05 | 3017558 Bay of Pigs
Bay of Pigs's picture

Shapiro taking her cut on the way out.

 

Wed, 11/28/2012 - 13:10 | 3017745 NotApplicable
NotApplicable's picture

Yeah, that's just pure crazy talk. Where do people get such ideas?

Wed, 11/28/2012 - 11:53 | 3017510 SmoothCoolSmoke
SmoothCoolSmoke's picture

God...we are like Greece.

Wed, 11/28/2012 - 11:55 | 3017518 slaughterer
slaughterer's picture

Greece was just the warm up to the USA.  

Wed, 11/28/2012 - 12:13 | 3017568 ptoemmes
ptoemmes's picture

Yes...Ireland, Portugal, Spain, Italy,...,the whole effin EU.

WB7 can just recycle his collection of EU work and paste the faces of Reid, Boehner, Obama, Geithner, ect...

Wed, 11/28/2012 - 11:53 | 3017511 slaughterer
slaughterer's picture

We will be talking about ES 1385 as the bottom of "Boehner's boner" for a few more days.  

Wed, 11/28/2012 - 12:43 | 3017669 dvsteenk
dvsteenk's picture

perhaps they will stop calling him Senator Bainer after all

Wed, 11/28/2012 - 11:53 | 3017512 freedogger
freedogger's picture

The response seems limper as the days go buy...

Wed, 11/28/2012 - 11:54 | 3017514 dracos_ghost
dracos_ghost's picture

We should turn these "efficient" markets into Rock-Paper-Scissors. At least there would be fundamentals.

Wed, 11/28/2012 - 11:54 | 3017515 txsilverbug
txsilverbug's picture

Just need Bernanke to keep his fucking mouth closed..

Wed, 11/28/2012 - 12:02 | 3017553 aint no fortuna...
aint no fortunate son's picture

it's not his mouth that needs shutting, it's that brand new super high speed fiber optic line between Liberty, NYC, and Dearborn Street, Chicago

Wed, 11/28/2012 - 11:54 | 3017516 WhyDoesItHurtWh...
WhyDoesItHurtWhen iPee's picture

Hmmmm ....what can one say unto a vegetable algo. 

Wed, 11/28/2012 - 11:56 | 3017519 Conman
Conman's picture

Y u no like efficient markets?

Wed, 11/28/2012 - 12:06 | 3017562 BlueCollaredOne
BlueCollaredOne's picture

One does not simply

trust the markets anymore.

Wed, 11/28/2012 - 11:56 | 3017520 buzzsaw99
buzzsaw99's picture

that those two asshats can move the squiggly line proves there is no market. headline: obama farts, market up 1%

Wed, 11/28/2012 - 11:56 | 3017521 walidsassia
walidsassia's picture

Last Time when Boehner spoke the market Rose 70 ES point , we could hit new highs after that speech. 

Wed, 11/28/2012 - 11:56 | 3017525 ak_khanna
ak_khanna's picture

The stock, commodity and currency exchanges have been reduced to gambling dens whereby the more powerful traders with deep pockets move the markets to maximize their own profits at the expense of the remaining not so powerful players. The big boys have enormous money power to move the markets in the direction which results in maximum profits for themselves. They effectively use the media to lure the other players in the market to a position where they would incur maximum loss.
The markets will fall only when the banksters have eliminated all the short positions and only they themselves have positioned themselves to profit when the market falls
OR
When an unexpected world event catches the banksters with their pants down and the softwares they use to rig the markets go berserk beyond their control.

http://www.marketoracle.co.uk/Article35345.html

Wed, 11/28/2012 - 12:53 | 3017687 dvsteenk
dvsteenk's picture

From the above link: notional value of derivatives, $244 trillion is roughly four times world GDP... of which $229 trillion is held by four banks. Hallucinating!

"According to the executive summary of the quarterly report Q1/11 issued by the Office of the Comptroller of the Currency, the notional value of the derivatives held by the commercial banks at the end of the first quarter of 2011 was $244 trillion out of which $229 trillion were held by just four banks namely, J.P.Morgan, Citigroup, Bank of America and Goldman Sachs (http://www.occ.gov/topics/capital-markets/financial-markets/trading/deri...). To get an idea of the derivative market size, the gross domestic product (GDP) of the global economy in 2010 was in the range of $63 trillion."

Wed, 11/28/2012 - 13:23 | 3017814 shovelhead
shovelhead's picture

Relax...

All these bets are covered.

What could go wrong?

Wed, 11/28/2012 - 11:56 | 3017526 slaughterer
slaughterer's picture

WTI: psycho, as usual.  

Wed, 11/28/2012 - 11:57 | 3017528 Boilermaker
Boilermaker's picture

The entire citizenry is completely captured and held by the short-and-curlies by the value of common equities.

Fucking wonderful.

Wed, 11/28/2012 - 12:04 | 3017557 forwardho
forwardho's picture

B, "value of common equities" Sir, I find that statement to be oxymoronic.

Wed, 11/28/2012 - 11:57 | 3017529 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

MANIA, miniaturized.

The rumor bubbles come, the rumor bubbles go, speaking of Michelangelo ...

Wed, 11/28/2012 - 11:58 | 3017533 Kaiser Sousa
Kaiser Sousa's picture

hey thats strange...

the dow has reversed all loses....

But not Gold and Silver....

i dont get it.......

oh, FUCK YOU BERNANKE AND YOUR BITCH ASS BANKER BRETHREN....

ps: gonna see my dealer as soon as he opens.......

Wed, 11/28/2012 - 12:00 | 3017546 slaughterer
slaughterer's picture

Rumor is that Paulson reduced PM exposure for redemptions this morning,.  

Wed, 11/28/2012 - 13:03 | 3017711 NotApplicable
NotApplicable's picture

What kind of stupid fund managers actually allow redemptions?

Wed, 11/28/2012 - 11:58 | 3017535 Tsar Pointless
Tsar Pointless's picture

Thankfully for TPTB, only a handful of us are even paying attention.

Even less than that care.

Count me in the first category. I gave up caring a long time ago.

So, what is today? White Wednesday? Should I be standing in line somewhere or online buying something right now?

Perhaps stocks? Or a new house? I heard that stocks are a good bargain here, and that there has never been a better time to purchase a new home.

A person who is dependent upon other people spending their money in order to earn theirs wouldn't ever lie to me, now would they?

Wed, 11/28/2012 - 12:18 | 3017597 Kaiser Sousa
Kaiser Sousa's picture

exactly....

Just buy Physical Gold and Silver and watch the ungoing cartoon which is this country....

Wed, 11/28/2012 - 12:30 | 3017643 Tsar Pointless
Tsar Pointless's picture

Wow. A reply from a Kaiser. I am one blessed Tsar.

A pointlessly blessed Tsar, but a blessed Tsar nonetheless.

A cartoon country. I'm thinking either "Bloom County" or "The Far Side".

Wed, 11/28/2012 - 13:36 | 3017849 fuu
fuu's picture

Walking Dead.

Wed, 11/28/2012 - 14:20 | 3017978 Kaiser Sousa
Kaiser Sousa's picture

'A reply from a Kaiser. I am one blessed Tsar...."

you deserved it....now go forth and multiply....

Wed, 11/28/2012 - 11:58 | 3017536 forwardho
forwardho's picture

Skynet fully operational at this point. Since the market has no connection to production, (or reallity for that matter) Humans have become expensive liability. The decision was made in a nanosecond.

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