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And The Market Breaks

Tyler Durden's picture





 

Right on cue.

  • NYSE: ISSUE AFFECTING ORDER PROCESSING IN 26 SYMBOLS
  • NASDAQ HAS DECLARED SELF-HELP AGAINST NYSE AS OF 15:18:16 ET
  • NYSE ANNOUNCES ISSUE AFFECTING ONE MATCHING ENGINE

Perhaps now is a good time to close the market when there are still gains on the day.

 


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Mon, 12/31/2012 - 16:29 | Link to Comment SheepDog-One
SheepDog-One's picture

O NOEZ! We pumped it so hard we BROKE it!

Mon, 12/31/2012 - 16:30 | Link to Comment maxmad
maxmad's picture

Sell the snews biatchez!

Mon, 12/31/2012 - 16:30 | Link to Comment maxmad
maxmad's picture

This was a classic headfake!  To the cliff boyz!

Mon, 12/31/2012 - 16:32 | Link to Comment HoofHearted
HoofHearted's picture

And who are the fucking lemmings here?

Mon, 12/31/2012 - 16:39 | Link to Comment Ahmeexnal
Ahmeexnal's picture

HO HO HO
CRAPPY NEW YEAR!

Mon, 12/31/2012 - 16:41 | Link to Comment redpill
redpill's picture

Everyone just buys because it's been so long they've forgotten how to sell.

Mon, 12/31/2012 - 18:32 | Link to Comment scraping_by
scraping_by's picture

Buy with customer's money.

 

Sell to friends.

 

What could go wrong?

Mon, 12/31/2012 - 16:44 | Link to Comment Texas Ginslinger
Texas Ginslinger's picture

Poll time.

Give me an up arrow if you think the US stock markets are going to be up at the end of Wednesday's trading.

Down arrow if you think they will be down.

My take on all of this so-called fiscal cliff nonsense is that stock market confidence is paramount above all else.

The Dow is like the canary in the coal mine...

Mon, 12/31/2012 - 17:04 | Link to Comment SoCalBusted
SoCalBusted's picture

I think the volume is more of a canary than any specific level.  Maybe someone can create a model that considers both and put more weight on the volume.

Mon, 12/31/2012 - 17:05 | Link to Comment ebworthen
ebworthen's picture

The DOW is the carbon monoxide.

Mon, 12/31/2012 - 16:32 | Link to Comment flacon
flacon's picture

Fuck this asshole 'market'! GOLD AND SILVER, BITCH!

Mon, 12/31/2012 - 16:32 | Link to Comment redpill
redpill's picture

It's so far gone quotes aren't even enough anymore.

Mon, 12/31/2012 - 16:32 | Link to Comment HoofHearted
HoofHearted's picture

When the market is going up, all is well. If it drops at all, we say it must be a broken market...unless it is in the precious metals of course...

Mon, 12/31/2012 - 16:31 | Link to Comment MiguelitoRaton
MiguelitoRaton's picture

I did that to a chick once

Mon, 12/31/2012 - 16:33 | Link to Comment wee-weed up
wee-weed up's picture

Wall Street version of the Ball Drop

Mon, 12/31/2012 - 16:40 | Link to Comment Death and Gravity
Death and Gravity's picture

I pumped you mom so hard, I broke her.

And on New Years Eve, too.

Mon, 12/31/2012 - 17:29 | Link to Comment ball-and-chain
ball-and-chain's picture

Are you watching the same markets I'm watching?

They're spiking.

A backroom deal must have been reached.

We don't know about it.  But the powers-that-be have the info.

More insider trading.

http://www.angrysinner.blogspot.kr/2012/12/yesterday-i-hiked-ten-miles.html

Mon, 12/31/2012 - 16:30 | Link to Comment DollarDive
DollarDive's picture

Gangum Style......

Mon, 12/31/2012 - 20:04 | Link to Comment Colonel Klink
Colonel Klink's picture

More like gangbang style.  It's our government and Fraud street who are running the train on us.

Best way to fight back is not to let them finish the job.

Mon, 12/31/2012 - 16:31 | Link to Comment stocktivity
stocktivity's picture

Such utter total fucking bullshit nonsense!

Mon, 12/31/2012 - 16:31 | Link to Comment SnobGobbler
SnobGobbler's picture

...must....JAM.....Quotes!

Mon, 12/31/2012 - 16:31 | Link to Comment spastic_colon
spastic_colon's picture

like I said from earlier.....did i miss anything except for the market breaking?

____________________________________________________________________________________

i know the feeling....but i think we all know the script here;

 

just enough talk to keep the markets green during cash hours, then more corkeresque headlines over the holiday, all to bide time for the 85bil to prop markets in time to soak up all the incoming 2013 first of year/month/flows blah blah blah ensuring that all shorts are crushed and the <whisper> short selling ban stays in effect.

 

I almost left out the part where TPTB makes sure trading revenues are not interupted the remainder of 2012 for bankster bonus purposes by using headlines and keeping resolution in limbo, and to use AAPL/BAC to keep S&P above 1400 for same reasons.

Mon, 12/31/2012 - 16:32 | Link to Comment Zer0head
Zer0head's picture

nice line

Mon, 12/31/2012 - 16:37 | Link to Comment SheepDog-One
SheepDog-One's picture

Huh...and yet I was reading all year that the extraordinary blatant market pumping and data rejiggering was 'for the elections'...and right after that then we'd see 'reality' come rushing back in and the bloodbaths etc. Oh well guess not.

Mon, 12/31/2012 - 16:31 | Link to Comment Manipuflation
Manipuflation's picture

One evening indeed...  Read it and contemplate it.

 

http://mises.org/daily/2892

Mon, 12/31/2012 - 16:31 | Link to Comment samcontrol
samcontrol's picture

Tyler, love the site and all but maybe some here might be getting it a little wrong...we are not going to walk around with gold in our wallets this lifetime....that should get me 50 red arrows.

Mon, 12/31/2012 - 16:34 | Link to Comment icanhasbailout
icanhasbailout's picture

Maybe not, but if you're lucky, you'll be walking around with paper notes readily exchangable for gold or silver, like US currency used to be. If you're not lucky, you'll be pushing electronic wheelbarrows.

Mon, 12/31/2012 - 16:38 | Link to Comment samcontrol
samcontrol's picture

maybe i just don't get what you are saying..

Mon, 12/31/2012 - 16:49 | Link to Comment ebworthen
ebworthen's picture

Like wheelbarrows of Deutschmarks or Zimbawbe dollars yet no tangible currency - no paper or coin - only binary digits in an account somewhere that can be vaporized overnight.

This is why Federal employees are only paid via direct deposit into a binary non-paper account.

This is why the masses are being weaned off of tangible currency and herded into self-checkout lanes using debit cards or EBT cards or unemployment accounts with a card run by J.P. Morgan Chase.

Our entire societal construct is a ponzi and it is unraveling.

Mon, 12/31/2012 - 16:49 | Link to Comment samcontrol
samcontrol's picture

Most of us know that, the argument is in the timing...i think they keep it up for decades, then i'll be gone and won't give a fuck.

Mon, 12/31/2012 - 16:49 | Link to Comment samcontrol
samcontrol's picture

Most of us know that, the argument is in the timing...i think they keep it up for decades, then i'll be gone and won't give a fuck.

Mon, 12/31/2012 - 16:46 | Link to Comment akak
akak's picture

Maybe you know little or nothing about monetary history, particularly the sordid and invariably collapsing nature of fiat currencies.

Mon, 12/31/2012 - 16:52 | Link to Comment samcontrol
samcontrol's picture

maybe we get monetary crisis all the time in South America , and i understand them more than you think?

Dollars lost half their value in ten years, and will the next ten, i still want say 10million dollars...get the point?

Mon, 12/31/2012 - 17:00 | Link to Comment akak
akak's picture

No, actually, I do not get your point at all, nor do I suspect do most or all others reading this exchange.

But as a South American, perhaps you can answer a question that I have long wished to pose to somebody from that continent: given that currency debasements, hyperinflations and monetary collapses have been an almost routine feature of your societies in the last several decades at least, WHY do your people still routinely fall for the depredations of your governments in this matter?  In other words, why do South Americans appear to STILL put trust in government fiat currencies for their savings, rather than say gold and/or silver?

Mon, 12/31/2012 - 17:05 | Link to Comment samcontrol
samcontrol's picture

Je suis Francais. I ignore governments worldwide and have never payed taxes except on my homes and cars. Some of the advantages people have here. More to life than gold and silver. bitchez. happy new year!

Mon, 12/31/2012 - 17:12 | Link to Comment akak
akak's picture

Si vous ette Francais, entonces yo soy confundido.

 

Tue, 01/01/2013 - 06:58 | Link to Comment samcontrol
samcontrol's picture

my dad figured out this tax thing decades ago...

Mon, 12/31/2012 - 19:42 | Link to Comment MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

WHY do your people still routinely fall for the depredations of your governments in this matter? 

Isn't the better question to ask: "why do people worldwide still routinely believe in the promises made by politicians."

I'm continually amazed by it but I think the answer is connected to some human quirk that causes us to become blinded by the appeal of some future-promised-thing.

The greater the appeal the greater potential for blindness and anything that might threaten the promise being fulfilled, must be denied or ignored.  

The idea that the promise itself could NEVER possibly be fulfilled (i.e. too good to be true) must be defended against more vigorously because it would short-circuit the whole fantasy right at the moment of conception!

If CogDis is around I bet he could speak to this -- probably even tell me the proper word for such an idea.

Mon, 12/31/2012 - 17:01 | Link to Comment Kaiser Sousa
Kaiser Sousa's picture

 

"maybe i just don't get what you are saying..

 doesnt matter...just keep counting the red arrows....

and........Silver Bitchez....

Mon, 12/31/2012 - 17:07 | Link to Comment samcontrol
samcontrol's picture

i should surpass 50. thankyou.

Mon, 12/31/2012 - 16:38 | Link to Comment buzzsaw99
buzzsaw99's picture

total bullshit

Mon, 12/31/2012 - 16:39 | Link to Comment samcontrol
samcontrol's picture

ok maybe i was not the only one ;)

Mon, 12/31/2012 - 16:43 | Link to Comment buzzsaw99
buzzsaw99's picture

i have paper notes now that are readily exchangeable for gold and silver. ican is full of beans.

Mon, 12/31/2012 - 16:36 | Link to Comment miro1a
miro1a's picture

You are not going to be walking around with dollars near the end of your lifetime either.

Mon, 12/31/2012 - 16:41 | Link to Comment samcontrol
samcontrol's picture

i already took that bet. I'm 44 , sure i have a shitloads of pms denominated in dollars...

Mon, 12/31/2012 - 16:53 | Link to Comment kliguy38
kliguy38's picture

you have paper PMs .....NOT physical..you will learn the hard way as many have in the past

Mon, 12/31/2012 - 17:00 | Link to Comment samcontrol
samcontrol's picture

again bs, you know nothing about me and my shit.

Mon, 12/31/2012 - 17:12 | Link to Comment kliguy38
kliguy38's picture

I know you don't live in Patagonia....you're only visiting....I also know that You have NO physical metal.

Mon, 12/31/2012 - 16:38 | Link to Comment SheepDog-One
SheepDog-One's picture

You might instead be walking around with a collar attached to a chain in a forced labor camp soon though.

Mon, 12/31/2012 - 16:42 | Link to Comment samcontrol
samcontrol's picture

no fema camps in patagonia, come get me and my famas.

Mon, 12/31/2012 - 16:47 | Link to Comment SheepDog-One
SheepDog-One's picture

The Vampire Squids tentacles reach every orifice of the world even Patagonia.

Mon, 12/31/2012 - 16:56 | Link to Comment samcontrol
samcontrol's picture

agree, but here i am the vampire..

Mon, 12/31/2012 - 20:42 | Link to Comment GMadScientist
GMadScientist's picture

You assume they want you alive.

Mon, 12/31/2012 - 16:44 | Link to Comment Jack Napier
Jack Napier's picture

You won't need a wheel barrow if you've got gold. Silver yes, and maybe that's why it's a better bargain. The point isn't to use them as money, even though they are ideal units of exchange. It's to save your wealth so that you aren't always chasing money.

Mon, 12/31/2012 - 16:51 | Link to Comment kliguy38
kliguy38's picture

@samcontrol. VERY FEW here expect to use gold as a medium of exchange....they are only trying to preserve wealth in a fiat system debasing....you can maintain you point of view inspite of overwhelming evidence that counterfeiting is the only game in town....one day you may be able to understand why people want something that wil hold its value against debasement.....or.......you can just ignore it and remain ignorant....either way most here could care less what you do....

Mon, 12/31/2012 - 16:54 | Link to Comment samcontrol
samcontrol's picture

my point of view changes all the time as it should. I was being a little provocateur, don't know why the name calling.Either way go fuck yourself.

Mon, 12/31/2012 - 17:14 | Link to Comment kliguy38
kliguy38's picture

Describing you as ignorant was not intended to be name calling....and I apologize for that..but being ignorant of such a critical trade is an accurate description of you

Mon, 12/31/2012 - 19:50 | Link to Comment MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

 I was being a little provocateur, don't know why the name calling.

Do you know the definition of the word provocateur or its root word provoke?

Yes?  Oh.

And you cannot understand why someone might respond with name calling?

LMAO -- I don't know if you're trying to be ironic but that is some funny shit right there.  

Yet another proud graduate of the Tracy Morgan / Jordan School of Applied Logic.

Mon, 12/31/2012 - 19:52 | Link to Comment Pareto
Pareto's picture

I think samcontrol could be the last assclown ZH sees for 2012.  Congratulations!  Idiot.

Tue, 01/01/2013 - 07:06 | Link to Comment samcontrol
samcontrol's picture

i really wanted to go out with a bang..more to come in 2013. muack!

Mon, 12/31/2012 - 16:51 | Link to Comment Cone of Uncertainty
Cone of Uncertainty's picture

How about 23 biatch!!!

 

Mon, 12/31/2012 - 19:48 | Link to Comment Pareto
Pareto's picture

ZH'er cruelty......is awesome!  :)

Mon, 12/31/2012 - 22:53 | Link to Comment WhiteNight123129
WhiteNight123129's picture

Do you have a crystal ball I don´t... The only thing is that we have seen the French paper money " livre" break in 1721 from 6.9 grams of Silver per "livre" in 1709 to 2.55 gram per livre during the crisis. We have seen the currency reform and a new paper money in Massachusetts back in 1737, we have seen the assignats as the new currency break completely lose in 1791-1796 in France. We have seen great volatility in the non redeemable british pound between 1797 and 1821 in the UK during the war, we have seen convertibility suspended in France back in 1848 for a while we have seen the greenback episode until 1866 of suspension of convertibility, we have seen the inflation of World War I and gold embargo of 1817 in the US, and the resulting gold exchange standard putting the derivative (the currency) on same footing as the monetary asset (Gold) -- pure madness -- . The Russian saw 400% inflation into 1917, the German saw weimar in 1921. The Chinese have seen their Silver standard get completely distorted in the 30s, move to paper currency, then get into war and then into hyperfinlation in 1848, etc... etc..  We have seen devaluation of 1931 in the West which led to the liquidation of foreign currency reserve for gold in 1935 (the same is happening today with china and emerging market converting their IOUs for gold). And today this time is different, yeah right... you are maybe right, but I am betting that nothing never ever changes with human nature. Those in power think they are smarter than their elders, that they have invented the philosophal stone and it fails yet again, rinse repeat, put enough time so people can not have memory from direct experience, and hte only way to recreate the memory is though reading history.... The only thing that changes is technology for hte rest we are exactly the same than 300 years ago. Think that paper money is just a evolution of progress? It was tried again and again and again.... happy ignorance year....

 

Mon, 12/31/2012 - 16:33 | Link to Comment SheepDog-One
SheepDog-One's picture

What do they think anyway....they'll find retail suckers far higher? WHEEEE here we go looka the markets ZING higher beter BUY BUY BUY!

What a bunch of mega-*fails*

PS- FUK U BERNANK!

Mon, 12/31/2012 - 16:35 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

Market is becoming a little bit..........how should we say..........flaccid.

Mon, 12/31/2012 - 16:44 | Link to Comment Captain Benny
Captain Benny's picture

What are you talking about CD?   The etfs and indexes go "schwing!" each time the guy, Boner, talks....   too much Viagra, methinks.

Mon, 12/31/2012 - 16:47 | Link to Comment Winston Churchill
Winston Churchill's picture

Brewers droop.

Hit the QE early.

Mon, 12/31/2012 - 16:49 | Link to Comment Texas Ginslinger
Texas Ginslinger's picture

Buy

The

Flacid

Dip

 

Mon, 12/31/2012 - 16:34 | Link to Comment zilverreiger
zilverreiger's picture

would be a fitting year close

Mon, 12/31/2012 - 16:34 | Link to Comment Darksky
Darksky's picture

"And the market breaks"

And the broken market breaks....fixed?

Mon, 12/31/2012 - 16:36 | Link to Comment Seasmoke
Seasmoke's picture

Not even a broken market is right twice a day.

Mon, 12/31/2012 - 16:36 | Link to Comment Aurora Ex Machina
Mon, 12/31/2012 - 16:36 | Link to Comment Zoltan
Zoltan's picture

Jeez I'm watching CNBS and they haven't even mentioned it.  Wonder why? /sarcasm

Z

 

Mon, 12/31/2012 - 16:36 | Link to Comment Debeachesand Je...
Debeachesand Jerseyshores's picture

Long Gold and Silver and other PM's.

 

Long parachutes and para-gliders.

Mon, 12/31/2012 - 16:40 | Link to Comment SheepDog-One
SheepDog-One's picture

Avoid 'wing suits' though. Strap one onto Bernank and ObaMao though Death of BASE Jumper Dwain Weston -- Slammed Full Speed Into a Bridge - YouTube

Mon, 12/31/2012 - 16:39 | Link to Comment Snakeeyes
Snakeeyes's picture

What a wonderful world this could be .... without Obama and Congress. And The Fed!

Mon, 12/31/2012 - 16:40 | Link to Comment Rusty Shorts
Rusty Shorts's picture

Whatever is in the Black Box, is doing its thang!!

 

http://www.youtube.com/watch?v=aq1Ln1UCoEU

Mon, 12/31/2012 - 16:39 | Link to Comment ebworthen
ebworthen's picture

PONZI!  PONZI!  PONZI!

Mon, 12/31/2012 - 16:44 | Link to Comment buzzsaw99
buzzsaw99's picture

to infinity and beyond!

Mon, 12/31/2012 - 16:46 | Link to Comment SheepDog-One
SheepDog-One's picture

That's OK just bring on the market close, then we can hear the really bad news coming. Soon as we lock DOW over 13,000 for the year, we're clear.

Mon, 12/31/2012 - 16:47 | Link to Comment Racer
Racer's picture

All is well, they have fixed the up arrows so they work and left the down ones still broken

Mon, 12/31/2012 - 16:47 | Link to Comment XtraBullish
XtraBullish's picture

Short cash; short bonds; buy gold and silver.

Long live Zimbabwe!

Mon, 12/31/2012 - 16:49 | Link to Comment ekm
ekm's picture

I've been saying since 2011 Nov global bailout: The exchanges will be going bankrupt.

NYSE went already bankrupt, nasdaq and cme are next.

 

Reason:

When there are no stocks avaialable for trading, just little crums here and there, all that money created by the Fed will be fighting over crums like hienas in winter.

Mon, 12/31/2012 - 20:46 | Link to Comment GMadScientist
GMadScientist's picture

Seriously, if you're gonna steal someone's laptop, then don't go online with it.

 

Mon, 12/31/2012 - 16:59 | Link to Comment sixbilliondollarman
sixbilliondollarman's picture

The DOW only goes ONE direction UP...fiscAL shit or not.

print 85 bil = scam market up no matter what.

Sell into it...because "one day"....

fuck the Euro too [oh yeah & the Yen]...

 

http://www.youtube.com/watch?v=pHuqLM4f7Gk

Mon, 12/31/2012 - 17:58 | Link to Comment Mad Muppet
Mad Muppet's picture

 


Vote up!

7
Vote down!

-6

"Poll time.

Give me an up arrow if you think the US stock markets are going to be up at the end of Wednesday's trading.

Down arrow if you think they will be down.

My take on all of this so-called fiscal cliff nonsense is that stock market confidence is paramount above all else.

The Dow is like the canary in the coal mine."

 

 

 

Down all day to ramp up to VWAP just before closing. Isn't that how it works these days?

Mon, 12/31/2012 - 20:46 | Link to Comment Powder
Powder's picture

Why do I keep thinking we are just a reality show for some really twisted aliens?

Mon, 12/31/2012 - 23:07 | Link to Comment S.N.A.F.U.
S.N.A.F.U.'s picture

"NYSE: ISSUE AFFECTING ORDER PROCESSING IN 26 SYMBOLS"

Dyslexia?

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