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Stocks Slump To Tepper's Latest "Balls To The Wall" High

Tyler Durden's picture




 

Following our most recent discussion of David Tepper's apparently 'now' bearish bias to financials (based on his $400mm BWIC), it appears that his latest "balls to the wall" thesis is not playing out so well. The S&P 500 just touched the key 1491.50 'Tepper Balls'-Day highs... meanwhile VIX has jumped by the most this year from Friday's lows...

 

 

Note - all the dotted green arrows are EXACTLY the same size and velocity!! coincidence?

 

Chart: Bloomberg

 

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Mon, 02/04/2013 - 16:53 | 3214318 DoChenRollingBearing
DoChenRollingBearing's picture

Stocks slumped because Barron's just said they would continue to run!

See the Cover!

http://tinyurl.com/avw74tq

Mon, 02/04/2013 - 16:54 | 3214329 FL_Conservative
FL_Conservative's picture

-18 pts for the S&P and -12 for RUT?   OMG.....the world is ending!!!!  Please Mr. Chairman!!!   SAVE US ALL!!!!!

Mon, 02/04/2013 - 16:57 | 3214336 Divided States ...
Divided States of America's picture

One down (Egan Jones), One to go (S&P)

DOJ sues S&P for not predicting the full extent of the 2008 financial crisis. Maybe they should also go after Fed Chairman Bernanke who said the subprime mortgage is 'well contained' and 'will not pose a threat to the economy'.

 

 

Mon, 02/04/2013 - 16:58 | 3214340 Hippocratic Oaf
Hippocratic Oaf's picture

Fat chance. However, I will guarantee Maria will say 'we're off our lows' today

Mon, 02/04/2013 - 17:04 | 3214354 Ying-Yang
Ying-Yang's picture

Pimco's Bill Gross looks at the investing universe and sees a dangerous supernova - a looming explosion that could see investors lost in space.

http://finance.yahoo.com/news/beware-credit-supernova-looming-ahead-1808...

Mon, 02/04/2013 - 17:13 | 3214373 flacon
flacon's picture

Tomorrow is big POMO day. Becareful, we could get a rebound.  Today the Fed injected $0.75 - $1.00 Billion. Tomorrow is $2.75 - $3.50 

Mon, 02/04/2013 - 17:14 | 3214378 Randall Cabot
Randall Cabot's picture

Does that money find its way into stocks on the operation date or the settlement date???

Mon, 02/04/2013 - 17:20 | 3214393 fourchan
fourchan's picture

something is going to hit something, thats for sure.

Mon, 02/04/2013 - 17:05 | 3214356 FL_Conservative
FL_Conservative's picture

That's just code for telling us she's been on all fours.

Mon, 02/04/2013 - 17:12 | 3214361 Dr. Engali
Dr. Engali's picture

I can guarantee that some banker will be doing shooters out of Maria's belly button, and snorting blow from her ass tonight too.

Mon, 02/04/2013 - 17:17 | 3214386 HD
HD's picture

Those bankers must have a thing for Spanx...

Mon, 02/04/2013 - 17:08 | 3214365 css1971
css1971's picture

I was thinking "Yeah there's the top" as soon as I saw they'd put that on the cover.

Mon, 02/04/2013 - 17:17 | 3214387 Silver Bug
Silver Bug's picture

The euphoria about stock right now is disgusting. "The end of fear" appears to be the mantra. If this isn't a sign of a near top, then I don't know what is.

 

http://ericsprott.blogspot.ca/

Mon, 02/04/2013 - 16:51 | 3214320 negative rates
negative rates's picture

And not a moment too soon.

Mon, 02/04/2013 - 16:56 | 3214333 ebworthen
ebworthen's picture

There must have been a lot of IRA and 401K money moving into stocks Thursday-Friday of last week.

Time for the big boys to take some profits, and sucker some more dumb money into equities "on the dip".

Mon, 02/04/2013 - 16:56 | 3214335 Dr. Engali
Dr. Engali's picture

How many weak bears will get suckered in so that Ben can squeeze them out pushing this bitch to new highs? Ben will print until he blows the whole fucking thing up just to prove his point.

Mon, 02/04/2013 - 17:19 | 3214391 fonzannoon
fonzannoon's picture

eggsactly. macro fears macro fears europe blowing up....sequester coming.....

short squeeze. 

 

Mon, 02/04/2013 - 17:48 | 3214338 francis_sawyer
francis_sawyer's picture

<=== Bernanke is my hero

<=== heh heh heh ~ he said "touched Teppers balls" ~ heh heh heh... [& bitcoins suck]

Mon, 02/04/2013 - 18:01 | 3214495 Spastica Rex
Spastica Rex's picture

Different balls.

Enjoy some Accept.

Nothing more badass than a singing, pudgy dwarf.

Mon, 02/04/2013 - 16:59 | 3214343 Pareto
Pareto's picture

Tomorrow Vix back to 13, Snp to 1514

Mon, 02/04/2013 - 17:00 | 3214344 Never One Roach
Never One Roach's picture
Beware 'Credit Supernova' Looming Ahead : Gross

 

"When does money run out of time? The countdown begins when investable assets pose too much risk for too little return; when lenders desert credit markets for other alternatives such as cash or real assets," he added.

Gross advocates investors turn to gold and other commodities for inflation protection...."

 

 

Bill Gross interview:

http://finance.yahoo.com/news/beware-credit-supernova-looming-ahead-1808...

 

Jesus, not another Goldbug !

Mon, 02/04/2013 - 17:01 | 3214349 Dr. Engali
Dr. Engali's picture

Coming to a fascist country near you:

Argentina Freezes Food Prices

http://www.myfoxny.com/story/20958959/argentina-freezes-prices-to-break-...

 

Next up ...shortages.

Mon, 02/04/2013 - 17:15 | 3214383 css1971
css1971's picture

I honestly don't get it. Really. I look around and wonder if the entire human race is made up of total cretins sometimes. How on earth did we manage to get beyond caves?

Mon, 02/04/2013 - 17:17 | 3214385 Dr. Engali
Dr. Engali's picture

I wonder the same thing..after thousands of years you would think we would learn something, but I guess that's asking for too much.

Mon, 02/04/2013 - 17:20 | 3214395 HD
HD's picture

Because there used to be a time before bankers. Cavemen didn't have Goldman to do an overpriced IPO on fire and the wheel.

Mon, 02/04/2013 - 17:25 | 3214406 Dr. Engali
Dr. Engali's picture

You had to put the word "Spanx" in your reply...now I have freaking Spanx adds popping up. Thanks..for nothing

Mon, 02/04/2013 - 17:50 | 3214475 HD
HD's picture

 Sorry Doc.  Let's see if we can reset those ads...

 On my way home I'll be stopping by VICTORIA SECRET to get a little something for the wife and the liquor store for a six pack and a copy of the 2013 SPORTS ILLUSTRATED SWIMSUIT ISSUE.

 

Mon, 02/04/2013 - 20:03 | 3214360 thismarketisrigged
thismarketisrigged's picture

how comical is it that whenever there is positive rumors out of europe or asia, our markets rally like 1 and a half plus percent, despite our economy being poor, yet when all of the europe markets get slammed today due to rumors of corruption, poltical turmoil, eurozone possibly in danger again, the dow does not even lose 1 percent and s&p only lost 1.15 percent when italy was down 4.50 percent, spain was down 3.77 percent, germany was down 2.49 percent, and yet all the fuckers ont tv are making it seem like this ia actually a selloff.

 

on cnbc just now, the morons are saying how this  market still has 5-10 percent easily to run, and that buy any pullback. fucking joke

Mon, 02/04/2013 - 17:09 | 3214367 Michelle
Michelle's picture

My only regret is I took profits a week too soon, could've gotten just a wee bit more...ah well.

Mon, 02/04/2013 - 17:11 | 3214370 Glass Seagull
Glass Seagull's picture

Shaping markets since 1913.

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