Harry Reid Speaks; Stock Market Leaks

Tyler Durden's picture




 

It was all going so well. In general the cone of silence was working. Stops had been run, hope was among us once again and while no-one had a clue why stocks were rallying (apart from Johnny 5), the interpretation was that - well the market must believe a deal is being done... until Harry Reid opened his mouth....

  • *REID: REPUBLICANS HOLDING MIDDLE CLASS TAX CUTS 'HOSTAGE'
  • *REID SAYS REPUBLICANS HAVE OFFERED NO SPECIFICS ON WANTS

and S&P 500 futures dropped 5 points - halving the day's gains.

 

SURPRISE!!! Stock's gains were not sustainable over risk..

 

Charts: Bloomberg and Capital Context

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Tue, 12/11/2012 - 17:28 | 3053188 steelhead23
steelhead23's picture

Geez, wasn't anyone here short ES?  Where are the bears?  Look, I am sitting on my cash and really don't care where the market goes - but this site used to be full of bears - bears with the mentality that anything that made the market go down was good and anything that made it go up was bad.  What happened?  Did y'all decide to cash it all in and play the slots?  If ZH is as bearish as I think it is, at least half of you are quietly cheering Mr. Reid.  Y'all's attitude makes me want to eat a blue pill.

Tue, 12/11/2012 - 17:33 | 3053214 SheepDog-One
SheepDog-One's picture

Seems to me you're just tilting at windmills, and maybe trolling a bit.

What do you want to see....people stomping their feet about losing money 'short'? Makes me want to tell ya to go fuck yourself.

Wed, 12/12/2012 - 17:09 | 3057282 steelhead23
steelhead23's picture

Hey Sheep, were I in the market, I too would be short and would be among the losers.  I was just weirded out by everyone piling on Sen. Reid for making statements that caused the market to go down.  It just seems incongruous.

Tue, 12/11/2012 - 18:35 | 3053437 MFLTucson
MFLTucson's picture

No one should believe this liar!

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