Cliff-On; Risk-Off

Tyler Durden's picture

Headline GDP better than expected (but ugly underneath); claims weak (moar QE); pending home sales (beat - confirmation bias). All is well, right? Stocks surged up to their highs of the day and Pisani proclaimed a deal is close (apparently). And then, one politician uttered those terrifying words:


and stocks dive almost instantaneously on large volume (even as most clueless algos google the name and most get hits of a certain 1980s rock band)... happy trading until 1130ET when Boehner will host a press conference.



Retesting back up to VWAP now as we all await Boehner's speech at 1130ET

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
muppet_master's picture

ADD to SHORT @ spx 1415

muppet_master's picture

added to spx 1403

black friday shorts...RODE since then...was thinking about covering yesterday when spx @ 1385....but didn't, that's ok...i didn't know boehner was about to speak, until HOURS after he spoke...LOL !!! that's ok... that's what happens when you enjoy life, = you don't watch casino every second, or hour.

next week spx sub 1350 = cover then !!! OR IF your stupid cover now = AT THE TOP OF THE DEAD CAT BOUNCE !!

flacon's picture

Technical signals point to this move as the top - especially if we end today lower than the close. That would set us up for some downside action tomorrow and next week. Gravestone doji's, shooting stars, up to 50 dma, overbought conditions... everything technical is pointing lower from here. But who knows - the market is rigged.....$INDU&p=D&yr=0&mn=3&dy=0&id=p44589035528

Cognitive Dissonance's picture

As we have often seen over the last few years neither technicals nor fundamentals matter until and unless "the hand" wants them to matter.

redpill's picture

Seek medical attention if you experience a Boehner for more than 4 hours.

Boris Alatovkrap's picture

Circle Jerk of Irrational Exuberance

1fortheroad's picture

So, your out of the money now and you blame it on a DEAD CAT BOUNCE??



Crazy Rabbit

asteroids's picture

This is not a healthy market. Although I would love to short it, I'm staying in cash.

dracos_ghost's picture

It doesn't matter who "boehners" it. These fuckers on both sides are already going to raise the debt ceiling, so what is the point of these "fiscal cliff" talks other than goose Twitter throughput and provide fodder for the algos.

TruthInSunshine's picture

Dirty Muppet Laundry



"Stocks" get their misdirection from the daily empty muse
Just give 'em something, something they can use
HFT-algobots love it when Muppets lose,
They love Reid-Boehner-Zedbama laundry


Limp Reid 'em when they're up
Boehner 'em when they're down
Limp Reid 'em when they're up
Boehner 'em when they're down
Then Zedbama them all around

Anasteus's picture

'to zedbama' is a synonym for 'to corzine'?

Cognitive Dissonance's picture

How does one treat for whiplash?

<Stay out of the market greater fool.>

<< (Except [of course] if you're a professional. /sarc)>>

DavidC's picture

Yeah but still over 1400/13,000...


Calidreaming's picture







Punct's picture

If this would happen, and there's a likely possibility that it will, the fall will be even bigger.

flacon's picture

No deal until January. USA downgraded by Fitch in January. Market crashes and Obama can instute his new changes to the Constitution. 

TruthInSunshine's picture

Does he get to pack the Supreme Court with 12 "Justice-y" people and declare a 3rd term, too?

SheepDog-One's picture

Depends...the Zionist Jew FED owners may just as likely have the script written for another market crash churn and burn time...we mere goyim dont know.

the not so mighty maximiza's picture

We know how the play acts out, ceiling raised, US downgraded into the sewer, mass rally.



SMG's picture

The owners of the Fed are Luciferian and not Jewish.  It's important the right people and their system get the blame when the torches and pitchforks come out into the streets.

pods's picture

How about we just call them fractional reserve bankers?

Then everybody can hate them.


SheepDog-One's picture

Fairy tales arent real and 'lucifer' doesnt exist. Theyre Jews.

Bay of Pigs's picture

Time for another Boehner...

Some Morning Wood on the way.

Cognitive Dissonance's picture

Already had mine, but thanks for caring. :)

Cognitive Dissonance's picture

If I was being honest (which I am not) it would be more like a weeping willow. :)

slaughterer's picture

That's what Van Hollen says. But what does David Lee Roth say about the deal?

blunderdog's picture

5150, baybee.


"Congress got a plan, man.  Ain't funny what they're doing with our money, but the deals are burnin like the wheels are turnin and next year's gonna a fine time for a mind like mine."


otto skorzeny's picture

5150 was Van Hagar-no relation to the other

blunderdog's picture

5150 is the police code for mentally ill folks in California...there's a very telling hint in the album title.

(I do understand he's over all that stuff these days.)

TruthInSunshine's picture

What about OU812, then?

Or The Mind Is A Terrible Thing to Taste?!!! [okay, it's Ministry, but still...]


"There have been spontaneous demonstrations by party workers, voicing gratitude and joy," and "The system will eat itself" bitchez.

icanhasbailout's picture

David Lee Roth is willing to make the deal in Washington Square Park

otto skorzeny's picture

DLR is jewish-so he is privvy to Wall St insider news's picture

Gotta love Howie Mandel

Dr. Richard Head's picture

That's OK, Obama will be in Oahu when I am.  I will see if I can meet and talk with him about just crashing this whole system and getting the reset started. 

SheepDog-One's picture

He only takes orders and follows the plans of his Jew puppeteers.

LongSoupLine's picture

fuck you pisani you sell side fuckstick asstoy!

otto skorzeny's picture

I hate that MFer more than anyone on that channel- and that is saying something

Squid Vicious's picture

Pissonme is gayer than a 3 dollar bill, and his wife doesn't even know

azzhatter's picture

Not your favorite? Pisani is living proof that any asswipe can get a job at CNBS

optimator's picture

Well, they had to have at least one minority guy on the show.

TruthInSunshine's picture

Bob Pissonme, the literal, textbook definition of "washout" & the Andrea Gail of real estate develoment

If Pisani and Ron Insana opened a fund, that'd be epic (epic failure to the nth power)

Nid's picture

3Q GDP revision of 2.7 was beter than last, but worse than the expected 2.8%