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Trannies Gone Wild

Tyler Durden's picture




 

Volume remains 'average' but there is one corner of this market that has gone full retard today. Despite rising energy costs, the Dow Transports has surged 3% - thanks in large part to Kansas City Southern, JB Hunt, and Union Pacific which account for more than half the TRAN gains. Presented for your visual adoration, Trannies gone wild...

February performance of the major US equity indices...

 

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Wed, 02/27/2013 - 11:52 | 3281832 Capitalist
Capitalist's picture

Dow theory might have something to do with it.

Wed, 02/27/2013 - 12:21 | 3281966 Divided States ...
Divided States of America's picture

Today is a huge POMO day....and tomorrow...this ponzi scheme makes Herbalife look amateurish.

Wed, 02/27/2013 - 12:59 | 3282155 CPL
CPL's picture

Money from thin air. 

Got gold?

Wed, 02/27/2013 - 11:54 | 3281837 mayhem
mayhem's picture

everyone knows trannies are great long term... maybe that is where money is rotating into <SARCASM>

Wed, 02/27/2013 - 11:58 | 3281838 Glass Seagull
Glass Seagull's picture

 

 

Bernanke:  "Haha!! You don't need the transports to to confirm a rally."

[he says as his eyes proudly dart to the area on his bookshelf dedicated to books on Dow Theory]

 

 

Wed, 02/27/2013 - 12:13 | 3281925 Divided States ...
Divided States of America's picture

Bernanke knows ahead of everyone else that he would need a lot more toner real soon in Washington....hence the need for more rails and truck services.

Wed, 02/27/2013 - 11:55 | 3281839 Stoploss
Stoploss's picture

Retirement On!!!!

Wed, 02/27/2013 - 11:55 | 3281842 SDRII
SDRII's picture

Yesterday it was the HD ramp and the ususal IBM lift. Maybe there is an expectation that the gold exports orgy is about to go balistic.

Thailand  largest deficit since 1991. Imports+41% Y|Y (pushed up by gold imports of $2.6B).

Wed, 02/27/2013 - 12:36 | 3282048 disabledvet
disabledvet's picture

1998 was famous for two reasons: one was a spectacular market rally and the other the collapse of "Long term" capital management due to the collapse of the East Asian economies. "debt servicing" appears to not be an issue in the USA for the forseeable future (though economic growth sure is. Just ask a Governor.) this is not true for the rest of the world save Sweden. Currencies...not transports...are going wild. US based transportation has pricing power (forgot FDX and UPS on that list) and since the dollar has at least appeared stable going on a couple of years "we can sell AND SHIP that incredibly CHEAP oil and natural gas." if Ford is about to go toe to toe with Nissan for all electric vehicles that would be a LOT of cheap fuel out there. (and let's not forget food for all those countries importing tons of gold.) it'll be interesting to see if the President goes with his pick for Commerce Secretary. Already the media is going crazy over his pick...

Wed, 02/27/2013 - 11:57 | 3281848 nobusiness
nobusiness's picture

JB Hunt to transport all goods in the country after buyout by Al Gore

Wed, 02/27/2013 - 11:57 | 3281850 Cognitive Dissonance
Cognitive Dissonance's picture

The Fed buying program to support the Bernanke Congressional testimony is working just fine.

Wed, 02/27/2013 - 12:49 | 3282126 DeadFred
DeadFred's picture

I know it's paranoid but I watch the index on the theory that the PPT is no longer doing as much outright buying but are moving the smaller markets that the algos would use in their decision making. Copper is down, VIX is up, HYG is stagnant but the trannies are small enough to move with minimal input. The POMO money for today alone could buy all of IYT many times over. I'm sure it ends well.

Wed, 02/27/2013 - 11:57 | 3281853 JethroTull
JethroTull's picture

Trannies? Someone say trannies. I was expecting something else with a special package?

Wed, 02/27/2013 - 12:03 | 3281883 nofluer
nofluer's picture

Transpos would make me think of the transportation industry. "Trannies" is something else entirely.

Everytime I see that word in a headline I expect pictures and famous names who've been outted, not charts.

:-(

Wed, 02/27/2013 - 12:32 | 3282023 TruthInSunshine
TruthInSunshine's picture

You can rest assured that 94%+ of hard working SEC "regulators" were tuned into Zero Hedge once they caught the headline of "Trannies Gone Wild."

Wed, 02/27/2013 - 11:58 | 3281859 the grateful un...
the grateful unemployed's picture

the market indexes have become little more than measures of the new money index. all these companies you mention are domestic shippers, while the Tran Index is really held up by global shippers, UPS and Fedex. i smell inflation.

Wed, 02/27/2013 - 11:59 | 3281860 Dr. Engali
Dr. Engali's picture

Damn crazy trannies seem to be a bit confused and don't know which way to go.

Wed, 02/27/2013 - 12:17 | 3281944 Cognitive Dissonance
Cognitive Dissonance's picture

Remember way back when the companies that made of the Tranny index were just boring old transports, mom and pop stocks like utilities.

Look at the volatility baby. That's good......right?

/sarc

Wed, 02/27/2013 - 11:59 | 3281864 BullyBearish
BullyBearish's picture

$5B of POMO hitting the market this morning, a coincidunce?

Wed, 02/27/2013 - 12:03 | 3281879 Dr Paul Krugman
Dr Paul Krugman's picture

Leading indicator:  The hope is that if the firms recover they will carry a recovery with them.

Wed, 02/27/2013 - 12:20 | 3281959 McMolotov
McMolotov's picture

Future history books: "And so, after many years of toil and hardship, America was led once more into the light by trannies."

Wed, 02/27/2013 - 12:36 | 3282045 WillyGroper
WillyGroper's picture

Hope? If?

Whatta plan.

Wed, 02/27/2013 - 13:25 | 3282238 Toolshed
Toolshed's picture

Your avatar is quite fitting for a troll. Good job....... for the first and last time.

Wed, 02/27/2013 - 20:30 | 3283892 WhiteNight123129
WhiteNight123129's picture

retail looks great with consumer trying to delever right? You own JC Penney? Are you long duration? Good luck.

Wed, 02/27/2013 - 11:59 | 3281866 LongSoupLine
LongSoupLine's picture

An appropriate fucking headline Tyler...

Especially when it fucking equates to getting a fucking dick up our asses while being told by the sell side and fucking CNBS that this is a fucking woman, so trust us that you are NOT getting fucked up the ass.

Fuck you Getco, HFT pricks, TBTF, and MSM. fucking crooked skimming ass sucking fuckers. Fucking die painfully.

Wed, 02/27/2013 - 12:13 | 3281922 Tsar Pointless
Tsar Pointless's picture

+1- F-bombs.

I like you, LongSoupLine.

Wed, 02/27/2013 - 12:01 | 3281869 Dr Paul Krugman
Dr Paul Krugman's picture

Looks bullish for stocks.  Hopefully all of Bernanke's hard work is starting to pay off. 

In the least, we could be at a turning point.  If people realize that the sequestor would crush our hopes of a strong recovery happening now, then we could get past the politics that hover above the real issues - the fact that we are currently in a depression. 

I think Bernanke knows what to do; he has mentioned that more stimulus will give growth a boost.  I like that he set targets on the achievement of his purchase programs, but the sooner we can hit them the better, so we should do more and increase the purchases.

Wed, 02/27/2013 - 12:08 | 3281902 nofluer
nofluer's picture

You really should preceed posts like the above with the (sarc*) tag. If you're serious, then I can't believe you said that. Fortunately I just came in from the barn lot and I already have crap on my boots so your BS isn't a problem.

Wed, 02/27/2013 - 12:22 | 3281964 Dr Paul Krugman
Dr Paul Krugman's picture

You must be mad that gold is dropping like the rock it is agian.

Buy fear, fear change - this should be the doomer's motto.

Wed, 02/27/2013 - 12:25 | 3281977 LawsofPhysics
LawsofPhysics's picture

Wake me when it's under the dollar cost average of $300 an ounce on my physical holdings moron.  You can keep your paper promises.

Wed, 02/27/2013 - 12:28 | 3282000 Dr Paul Krugman
Dr Paul Krugman's picture

The only productivity that gold and other precious metals offer is by use of technology, so unless you are a firm who is able to produce goods that offer benefit to consumers, you are wasting your hard earned money holding an investment that sits there.  You might as well collect pet rocks; at least then you might be able to open a store and sell them to turn a profit.

Wed, 02/27/2013 - 12:38 | 3282052 LawsofPhysics
LawsofPhysics's picture

That's funny because I had a plumber run some sewer lines for us last year and he happily accepted gold and silver in exchange for his labor.  Wonder why that is?  LMFAO!!  Accountability motherfucker.

Wed, 02/27/2013 - 12:42 | 3282079 VulpisVulpis
VulpisVulpis's picture

Hilarious

Wed, 02/27/2013 - 20:20 | 3283858 WhiteNight123129
WhiteNight123129's picture

I think that Gold has a second function. Check the credibility of governments over time on their currency.

When I see credibility in the central bank and Gov while the Gold does not react to it, 1981 style, yes I would short Gold.

Why so serious Paul? Here is a piece from Henry Thornton 1802. I assume you know who is Henry Thornton.

The government of Great Britain is under little or no temptation either to dictate to the Bank of England, or to lean upon it in any way which is inconvenient or dangerous to the bank itself. The minister has been able to raise annually, without the smallest difficulty, by means of our funding system, the sum of no less than between twenty and thirty millions. The government, therefore, is always able to lessen, by a loan from the public, if it should be deemed necessary, the amount of its debt running with the bank. To suppose that bank notes are issued to excess, with a view to furnish means 'of lending money to the minister, is, in a high degree, unreasonable. The utmost sum which he could hope to gain in the way of loan from the bank, by means of an extraordinary issue of bank notes, could hardly be more than four or five millions ; and it is not easy to believe, that a government which can raise at once twenty or thirty millions, will be likely, for the sake of only four or five millions (for the loan of which it must pay nearly the same interest as for a loan from the public), to derange the system, distress the credit, or endanger the safety of the Bank of England*.

This banking company differs in this most important point from every one of those national banks, which issue paper, on the continent. I understand that the banks of Petersburgh, Copenhagen, Stockholm, Vienna, Madrid, and Lisbon, each of which issues circulating notes, which pass as current payment, are all in the most direct and strict sense government banks*. It is also well known, that the governments residing in these several places have not those easy means of raising money, by a loan from the people, which the minister of Great Britain so remarkably possesses. Those governments, therefore, have, in times even of moderate difficulty, no other resource than that of extending the issue of the paper of their own banks ; which extension of issue naturally produces a nearly correspondent depreciation of the value of the notes, and a fall in the exchange with other countries, if computed at the paper price. The notes, moreover, being once thus depreciated, the government, even supposing its embarrassments to cease, is seldom disposed to bring them back to their former limits, to do which implies some sacrifice on their part at the time of effecting the reduction but it contents itself, perhaps, with either a little lessening, or with not further adding to, the evil. The expectation of the people on the continent, therefore, generally is, that the paper, which is falling in value, will, in better times, only cease to fall, or, if it rises, will experience only an immaterial rise, and this expectation serves of course to accelerate its fall. Hence it has happened, that in all the places of Europe, of which mention has been made, there exists a great and established, and, generally, an increasing discount or agio between the current coin and the paper money of the kingdom. Nor, indeed, is this all: several of the governments of Europe have not only extended their paper in the manner which has been described, but have, besides this, depreciated, from time to time, their very coin ; and thus there has been a two-fold cause for a rise in the nominal price of their commodities when exchanged with the current paper.

Wed, 02/27/2013 - 12:30 | 3282016 fuu
fuu's picture

An anagram of your handle is: Drunk Rump Gala aka Drunk Ass Party.

Wed, 02/27/2013 - 13:48 | 3282325 El Hosel
El Hosel's picture

Gold s a rock, we are doomed as we make the same mistakes and expect different results.

Wed, 02/27/2013 - 12:21 | 3281961 the grateful un...
the grateful unemployed's picture

do you suppose stagflation is good for stocks? not if but when the Fed loses control and the asset bubble pops, new economic activity will resume, but the misallocation of capital will take a long time to reverse, and if it happens rather suddenly it would bring a crash (but hopefully an 87 style crash which is erased in a year. i was in the market in 87, and will tell you everyone knew it was coming.)

if you sincerely believe Bernanke has been a friend of the economy you must have your head examined, he has tried to reflate the asset bubble with every tool in his bag. he is the enemy of the economy, but he could just as quickly turn it around, as politicians and bureaucrats are all unwholesome sociopathic opportunists. and of course the squester is the catalyst for economic recovery, because tax revenues will rise, and spending will decrease, and the economy will recover. that is why the pols aren't fighting this one, they know its the right thing to do, let the axe fall.

as we transition into a post war economy this sort of pullback is to be expected. too bad Bernanke has already exhausted his ZIRP. that's what happens when one sociopath listens to another.

 

Wed, 02/27/2013 - 12:29 | 3281988 Dr Paul Krugman
Dr Paul Krugman's picture

There is no inflation - look at the CPI.  Gas prices are transitory as technological developement will increase productivity - an increase in supply will decrease the future price.

As far as your asinine view that there are any asset bubbles, an increase in the value of goods is great for the economy as it increases our exports and increases the standard of living.  Look at the last 60 years!  Rising prices did not matter because we had growth!

Now we need more growth.  If we do what economics, the science of, dictates, we will get back on track.

Wed, 02/27/2013 - 12:36 | 3282047 LawsofPhysics
LawsofPhysics's picture

CPI ignores food and fuel moron.  Guess what, you cannot do anything without either one.  We have had cheap oil for quite some time, but no longer.  Paper growth is irrelevant.

In order for eCONomics to actually be a real science it must be connected to reality, so why does the CPI ignore food and fuel.  Are you saying that people don't need to eat in order to grow, does the eCONomy not require energy in order to to grow? 

As far as "standards of living", well, look around, must be our "lying eyes" then.

You and your ilk are walking contridictions and the noose is getting tighter motherfucker.

 

Wed, 02/27/2013 - 12:43 | 3282092 VulpisVulpis
VulpisVulpis's picture

this is trolling at its finest

Wed, 02/27/2013 - 12:44 | 3282094 Dr Paul Krugman
Dr Paul Krugman's picture

I have been commenting all morning per Tyler's article that an increase in technology increases oil production and the increase in output will lower the cost of oil, so you will have to read me there.

Wed, 02/27/2013 - 13:05 | 3282178 LawsofPhysics
LawsofPhysics's picture

Ignoring the capital and resources that actually goes into developing and implementing the technology of course.  That is the great thing about the "science" of eCONonomics, you can ignore all kinds of things in the real world.

Wed, 02/27/2013 - 12:44 | 3282095 WillyGroper
WillyGroper's picture

You obviously don't do any grocery shopping. 

Wed, 02/27/2013 - 13:53 | 3282342 the grateful un...
the grateful unemployed's picture

okay we'll pretend you slept through the housing bubble, and that you were still a big groggy as Bernanke dropped rates to keep the housing index from going to zero, we'll forgive that lapse of cognitive acuity. new technology to lower gasoline prices? that's just tin foil hat country. you should be right, for the wrong reasons, when the new governments in the ME start dumping oil into a falling demand market (as people drive fewer miles than they used to, (due to falling personal income mostly) and natural gas becomes a available 

obama is a corrupt gangster, who has made his deals with big oil and the housing market, vis a vis Bernankes balance sheet. perhaps you slept through that too, but your take is refreshing, including kudos for recognizing the science of economics, which is a program of social engineering done through monetary manipulation. which chapter of your economics text was that?

Wed, 02/27/2013 - 15:40 | 3282852 nofluer
nofluer's picture

as technological developement will increase productivity - an increase in supply will decrease the future price.

Jevon's Paradox, Bitchez!

Dumb azz.

Wed, 02/27/2013 - 20:24 | 3283872 WhiteNight123129
WhiteNight123129's picture

Is the track ever increasing debt to income?

I suggest you read Henry Thorton about the consequence of setting up interest rates below the cost of capital...

Do not confuse an increase in value with an increase in price.

What we need to kill debt is more inflation. But that is a theft, the Government is above the law. Welcome back to XVIII century. See my piece above the progress of XIX BoE versus continental Europe paper always debased in XVIII century. We are not progressing we coming right back to XVIII century currency management and we have abolished republic for democracy.

If you knew Plato you would know that what follows democracy is tyranny.

 

Wed, 02/27/2013 - 12:55 | 3282140 nofluer
nofluer's picture

"the squester is the catalyst for economic recovery, because tax revenues will rise, and spending will decrease, and the economy will recover."

Now, close your eyes, click your heels together three times, and say "There's no place like gold. There's no place like gold. There's no place like gold."

 

Wed, 02/27/2013 - 12:33 | 3282021 McMolotov
McMolotov's picture

What hard work? Bernanke does this all day:

*press CTRL-P* *press CTRL-P* *press CTRL-P* *press CTRL-P*

All he does is float the fucking markets, and most people couldn't care less. Housing sucks, employment sucks, everything costs more than it did before he started all this shit, and we're tens of trillions of fucking dollars in the hole. Those are the things that affect Americans, and he's done fuck-all to improve any of it. We'll be living with the aftermath of his mess for generations.

If the metric we're gauging him against is whether or not things have gotten better for most Americans, he's a grade-A failure and ought to be tossed out on his ass. But if the goal was to funnel as much money as possible to the banks and crony dickwads who live as parasites off the rest of us, we should hand him a gold medal. Of course, he'd likely trade it in for some Facefuck stock.

Wed, 02/27/2013 - 12:41 | 3282077 Dr Paul Krugman
Dr Paul Krugman's picture

He is increasing the demand in the bond market so the bond market stays strong.  The last thing you want in a depression is a weak bond market.  If the bond arket was weak, then interest rates would increase.  If interest rates increased, then the consumer would be hit hard.  If that happened then we go into a deeper depression than we are in now.

He could do more to help, I agree, but at least he is on the right track.  That is all I meant.

Wed, 02/27/2013 - 12:48 | 3282116 WillyGroper
WillyGroper's picture

He's increasing the demand in the bond market? He's the one buying, so by your logic that's increasing demand? 

Wed, 02/27/2013 - 13:01 | 3282162 McMolotov
McMolotov's picture

Exactly, he is the bond market. He is the demand. This puts the lie to the constant refrain in Krugman's columns that "interest rates are low because there are plenty of buyers." No, there aren't. There's the Fed.

Wed, 02/27/2013 - 13:00 | 3282156 nofluer
nofluer's picture

Krugman (or whoever you are), I have never done this before - but you are in a class by yourself. You have therefore earned an automatic down vote - whenever I see your name as writer of a post it will get a downcheck. Enjoy your popularity.

Wed, 02/27/2013 - 13:05 | 3282177 Pareto
Pareto's picture

Its this kind of thinking that pretends that behaviour doesn't change and that incentives "don't matta".  Bernake has completely destroyed the only price mechanism in the market that really matters - INTEREST RATES!  That's the point.  He's creating capital dislocations (distortions) in every corner of the market by QEing a zero cost of capital paradigm.  I don't care what anybody says, asset prices are too fucking high relative to what they would be absent a FED suppressing rates.

Lucas (1976) made short work of this crap 36 years ago, but, we're still doing it, thinking all along that this time it will be different.  There is nothing productive about what Bernanke is doing.  he is creating Non Wealth generating behaviour, plain and simple, and he is enabling the continued profligacy of the Federal government.  He will never unwind this position.  The debt will be monetized, and that will be that, because, at the end of the day, thee isn't, nor can there ever be, a free lunch.

Wed, 02/27/2013 - 20:27 | 3283882 WhiteNight123129
WhiteNight123129's picture

Well you contradict yourself now, because everyone knows since Fullarton 1844 that any money printing of base money (if base money is Gold or fiat ) will depress interest rates, push up land prices, push up the prices of interest bearing securities, and finally in fine commodities.

Bernanke is diguising the ~borrowing~ operation the Gov. In fact since those bonds on teh Fed balance sheet will never result in shrinkage of hte monetary base. If hte monetary base is not shrunk backwards, it is not a loan, it is just printed new green bills giving them to the gov and the gov spends. Period. Whatever is on teh balance of the FEd should be substracted from total Gov debt.

 

Wed, 02/27/2013 - 12:01 | 3281870 dick cheneys ghost
dick cheneys ghost's picture

Lindsey Graham is a cocksuker

Wed, 02/27/2013 - 12:01 | 3281872 MFLTucson
MFLTucson's picture

Sucker bet!  PMI down to all time low and the trannies are up, so this means they are building inventorties because nothing on a retail basis is selling.  Fraudulkent manipulated markets

Wed, 02/27/2013 - 12:12 | 3281918 nofluer
nofluer's picture

"Quick, Ma! Execute a stoploss on the PM and get on them Trans futures!!! We'lll get RICH!!! And if we make enough, we can go to the Hedge Fundies Ball this year!!!"

Wed, 02/27/2013 - 12:03 | 3281873 ekm
ekm's picture

There's quite of a difference between VOLUME AND LIQUIDITY (DEPTH).

 

If I have 1 share and sell it to you and you sell it back to me instantly and we do this infinitely, then volume is infinite but liquidity (depth) is just 1 share.

 

Hence, if primary dealers bounce around the same batch of stocks but a lot more frequently, volume could get higher, but not much is being traded.

 

Volume per se is very misleading.

Wed, 02/27/2013 - 12:04 | 3281890 Dr Paul Krugman
Dr Paul Krugman's picture

As Tyler just showed, technological developement is increasing oil production.  This means we can keep cost down, since supply is coming online.  This flies in the face of your recent posts - that higher oil prices will kill the recovery - because we will be able to keep oil prices down while we increase productivity.

Wed, 02/27/2013 - 12:13 | 3281921 ekm
ekm's picture

I never said there's no oil available, actually it has been me shouting out that there's plenty of oil.

 

What I've said is that oil is being bought and STORED, as opposed to released into the CONSUMPTION MARKET.

 

This is still the case. Normal supply/demand price is at about $40-50 WTI, hence oil is in hyperinflation....until oil in storage is DUMPED into the consumption market, same as in 2008.

 

That's why there was recovery from 2009 at oil 35, that's why recovery stopped at oil 80, that why we are in a contraction right now at oil 95.

Wed, 02/27/2013 - 12:15 | 3281929 ekm
ekm's picture

Rule of thumb:

 

Oil at $35 = Economic Growth

Oil at $70 = Economic Stall

Oil at $95 = Economic Contraction.

Wed, 02/27/2013 - 12:23 | 3281972 the grateful un...
the grateful unemployed's picture

that's why POTUS tried to sell oil from SPR on the world market at a price well above those, to maintain HIGHER oil prices. but maybe the time has come to let asset prices find their own level. that means economic growth.

Wed, 02/27/2013 - 12:33 | 3282026 John McCloy
John McCloy's picture

Oil at $145 = Hold onto your potatoes Docca Jones!!

Wed, 02/27/2013 - 12:40 | 3282066 ekm
ekm's picture

That is literally war, no exaggeration.

Wed, 02/27/2013 - 12:37 | 3282051 Dr Paul Krugman
Dr Paul Krugman's picture

I doubt there is enough oil in tankers to bring the price of crude down substantially.  Oil demand is around 70 million b/d, which means for any long term benefit there would need to be a lot of tankers....

Sorry but I do not think your theory is logical.

Wed, 02/27/2013 - 12:39 | 3282061 ekm
ekm's picture

A looooooot of them, on shore and offshore.

Wed, 02/27/2013 - 12:45 | 3282100 Dr Paul Krugman
Dr Paul Krugman's picture

Enough to put a dent in 70m b/d?  I doubt that.  Technology is our best friend in how oil's price will ove lower from here.

I haven't even started on technological advances in green energy yet, either!

Wed, 02/27/2013 - 12:52 | 3282132 fuu
fuu's picture

You already covered that as MDB.

Wed, 02/27/2013 - 15:45 | 3282875 nofluer
nofluer's picture

on technological advances in green energy yet, either!

At the risk of repeating myself, "JEVON'S PARADOX" moron.

Wed, 02/27/2013 - 13:20 | 3282224 Toolshed
Toolshed's picture

Hey genie ass butt plug, put on your keynesian tin foil hat and explain this......there has been no shortage of oil for some time now and demand is declining, yet prices are higher for this time of year than they ever have been, why? You, in fact, state there is increasing production, yet prices are higher, why? Can't be dollar devaluation I know, because you keynesians have banished debasement fueled inflation to the nether realm. Shortage of fairy farts maybe? Unicorn tears have all dried up?

Please explain.

Wed, 02/27/2013 - 20:28 | 3283885 WhiteNight123129
WhiteNight123129's picture

What is the marginal cost. What is the cost with externalities?

Wed, 02/27/2013 - 12:06 | 3281892 TrustWho
TrustWho's picture

Since the Fed is forcing investors into the Great Rotation, all equities should go full retard. When you divide by 0, you get infinity. As long as any equity is below infinity, people do not understand Daddy Bernanke's wishes.

Wed, 02/27/2013 - 12:07 | 3281894 mirac
mirac's picture

Take a look at an intraday chart of Amazon...that goose was on a bad news day for Amazon re new Kindle update is flawed and may delete one's library

Wed, 02/27/2013 - 12:16 | 3281936 nofluer
nofluer's picture

Serves 'em all right. The "customers" are not buying my book so screw 'em.

Wed, 02/27/2013 - 12:16 | 3281938 firstdivision
firstdivision's picture

Damnit!  You tricked us.

-SEC

Wed, 02/27/2013 - 12:17 | 3281945 farmerjohn2112
farmerjohn2112's picture

The headline made me think it was an ad for a new video...

Wed, 02/27/2013 - 12:24 | 3281979 orangedrinkandchips
orangedrinkandchips's picture

why is KSU up 10%????

 

pray tell....

Wed, 02/27/2013 - 13:35 | 3282273 El Hosel
El Hosel's picture

The Federallies Like trains, today.

Wed, 02/27/2013 - 12:39 | 3282065 mdtrader
mdtrader's picture

I guess the dummies on Wall Street need three outside day reversals before they take any notice.

Wed, 02/27/2013 - 13:27 | 3282250 thismarketisrigged
thismarketisrigged's picture

so it took till noon wed to wipe out all the losses for the week.

 

what a fucking comedy this market is.

Wed, 02/27/2013 - 14:31 | 3282499 U4 eee aaa
U4 eee aaa's picture

I don't like looking at these ones either

Wed, 02/27/2013 - 14:36 | 3282524 bugs_
bugs_'s picture

Sitting here in the Deflationists Lounge asking the older guys if they remember horses being part of the transports.  Since horses are getting back into the news lately this could be the reason for transports strength.

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