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Boehner Arouses Market As Reid Beatdown Forgotten
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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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
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.
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.
It could be the old "Ouch, my Hairy Reed," "Ouch, my Boehner" frontrunning scam, too.
That's sooo typical.
Market... boner...
Just waiting until it goes soft again...
"Harry Reed seen slapping Boehner down." "Boehner & Hairy Reed inch closer?"
Can't ask for much better fodder for the juvenile headlines.
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.
Golly...ya think?
Gold didn't spike so not sure the nyfed jumped in this time.. gold's calling bullshit on the spike.. so far.
Can't believe the sheeple are letting themselves be held hostage by this blatant statist thuggery.
The Ignorati voters once bought, unlike Politicians, STAY BOUGHT!
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.
Thats my thoughts as well. The news no longer moves the market, instead the market moves and the news must justify it.
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)
dr jekyll and mr hyde
or two mr hyde's?
AHAAHHAHAHAHAAHAH
What a FUCKING JOKE.
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.?
Nah, the SEC protects against such bullshit. It could never happen.
Shapiro taking her cut on the way out.
Yeah, that's just pure crazy talk. Where do people get such ideas?
God...we are like Greece.
Greece was just the warm up to the USA.
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...
We will be talking about ES 1385 as the bottom of "Boehner's boner" for a few more days.
perhaps they will stop calling him Senator Bainer after all
The response seems limper as the days go buy...
We should turn these "efficient" markets into Rock-Paper-Scissors. At least there would be fundamentals.
Just need Bernanke to keep his fucking mouth closed..
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
Hmmmm ....what can one say unto a vegetable algo.
Y u no like efficient markets?
One does not simply
trust the markets anymore.
that those two asshats can move the squiggly line proves there is no market. headline: obama farts, market up 1%
Last Time when Boehner spoke the market Rose 70 ES point , we could hit new highs after that speech.
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
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."
Relax...
All these bets are covered.
What could go wrong?
WTI: psycho, as usual.
The entire citizenry is completely captured and held by the short-and-curlies by the value of common equities.
Fucking wonderful.
B, "value of common equities" Sir, I find that statement to be oxymoronic.
MANIA, miniaturized.
The rumor bubbles come, the rumor bubbles go, speaking of Michelangelo ...
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.......
Rumor is that Paulson reduced PM exposure for redemptions this morning,.
What kind of stupid fund managers actually allow redemptions?
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?
exactly....
Just buy Physical Gold and Silver and watch the ungoing cartoon which is this country....
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".
Walking Dead.
'A reply from a Kaiser. I am one blessed Tsar...."
you deserved it....now go forth and multiply....
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.
.
It's extortion. Pure and simple.
God I hope I win the lottery tonight haha
From now on, the mere mention that Reid or Boehner will make a statement soon will cause front-running algos to go berserk. It will not matter any longer what they say.
I just wish I knew when the remarks were coming so I can close every fucking trade I have before hand... Who needs technicals or macro news with one sentence grabbing algos!
This shit is an absolute joke. It only pales in comparision to that gaping blowhole Mario Draghi!
Good luck trading this hot dogshit Yen. Charts are not going to help you when one of these blowhards feel like getting in front of a mic.
I knew I shouldn't have let my sell order get hit after that housing news. I should have waited for the second 1/2 of the N.Y. session, but I have meetings later.
Well, Barky O. was supposed to speak @ 11:35 EDT but he's late. Must'a had to coordinate a Jihad in Egypt or sumptin. He'll be promising rainbow skittles and unicorns as he turns to the sheeple to support his idiotic agenda.
Hard to say what the algo's will do though, prolly sell as they love the volatility.
Boner '16!
Leave your Boner alone, that thing ain't a toy ya know!
keep talking boehner it feels good
always fade a market boehner
Warren Buffett low-balling and sand-bagging expectations about fiscal-cliff fix this morning.
Any happy talk the market gets from now on will lead to explosions.
Jon Stewart did a great impression of Becky Quick in the bathtub with Warren last night.
Always interesting to watch a bounce like this on dogshit volume.
Algos have to make money somehow and so do their customers/pensions. Trading blocks amongst themselves is similar to QE infinity - it runs out of rope eventually.
Brokerages must be making a killing on commissions - not.
You say Boehner
I say Boner
Beohner
Boner
Beohner
Boner
Let's hurt the shorts today !
(valuations do matter....AHHaaahhaaa...hahahahaha.... please)
http://www.newyorkfed.org/markets/FRBNY_ECB_Swap_Agreement.pdf
(and NYFed says that they didn't intervene in currency markets in 3rd quarter....lol)
http://www.newyorkfed.org/markets/liquidity_swap.html
Is it a coincidence that the President is speaking at 1135am est - after European Markets close ?
Gort! http://youtu.be/sIaxSxEqKtA
Klaatu Barada Nikto: FED: Do not Destroy! (Greece is fine, or a little France Devaluation Socialism) Millionaires are fleeing on the space ship; last one shut the lights.
Yesterday on NPR there was part one of a chummy chat with the Obfuscator of Omaha. Part 1 ended with softball questions about the robustness of the american economy, complete with staged surprise responses to Buffet's rosy bullshit. Part 2 was to follow this morning. Seems like a PR campaign is underway.
Another note on PR (btw that is a euphemism invented by Bernays for propaganda): two big movies this Christmas: one on Lincoln (Daniel Day Lewis) and one on Roosevelt (Bill Murray). Think about what they had in common with respect to federal power . . . buckle up for 2013.
boner and reid laughing all the way to the bank at all the money they're making off this.
"Ok Reid, your turn!" hahahahahahah
Clinking beers later at the most expensive steakhouse in D.C.
Some may think this is <sarc>.
It isn't. It is exactly what these guys do.
.... and it's perfectly legal - they get a pass on insider trading. It's actually one of their more honest ways of making money!
I dont know where they have been hiding, but it's not at Charlie Palmers steakhouse. Its walking distance from the capital, and has some damn good beef.
I hear that a Tyler Durden works there and sometimes accessorizes the menu with his own personal selections. A true culinary terrorist.
The pattern has been clearly set after the election that any time the market slumps a little bit, Boehner is trotted out there to goose it. On another note, just finished reading "When Money Dies" by Adam Fergusson. It's lamentable that even today, so many are of the belief that masterminds in the government have the answers to what ails us.
Yeah, cuz as we know, ALL the geniuses in society go to law school, or take up social facade engineering (without acknowledging the facade).
Check out the Russel 2k...
AHAHAHAHAHAAAHAH
Man, that's some fucking funny shit, right there.
Jesus Christ...give me a break.
Transports too...... Yo Yo..... no trend completely manipulated by media and politicians.
Waiting for the next chirp from the members of the Politburo.....then news based algo trading.
Soooo......waiting for the Grand Bargain.....which will only kick can down the road. I mean thats what the banks want correct?
Headline: Boner Shooting Off Again Destroys Shorts
1130 - Europe Closes
1135 - Obama talks about how they're closer to a deal
1136 - Transport Buy Algos "ON"
1136:01 - ES mini levitation
1137 - Goldman and JP Morgan aggressively start to buy
1138 - European Central Bank starts dumping Euro
1139 - Fed starts buying dollars
1140 - SPY +150
330pm - Selling Into Strength - Goldman and JP get flat
341 - retail stops all hit and wiped out
Rinse / Repeat Again
Because clearly politicians empty words are a good way to gauge the market...as opposed to a real analysis. Makes perfect sense :D
RALLY WARNING
Massive SPX buy support returns, causing short covering spikes.
Substantial USD selling returns too - which supports stocks.
http://trader618.com
http://tinyurl.com/ZH-Forum
"Boehner Arouses"......... stopped reading.