Tyler Durden's picture


At 13:19:58, in a brief 1 second interval, it appears someone (or thing) decided it was time to slam $138mm notional to work with no consequence for market impact or cost basis. 15,700 S&P 500 e-mini contracts surged through in that second, running all the stops above the highs of the day to test up to the highs from Monday (pre-election). Meanwhile, FX and Treasury markets are not at all enthused... but whetever it takes to get the Dow to all-time highs...

NMS Stock trades priced below $240 color coded by exchange via Nanex.

ES depth (or complete lack thereof) chart also via Nanex.


S&P 500 futures (volume came on stop-run above yesterday's highs)...


Bonds don't care...


FX doesn't care...


Charts: Bloomberg

Your rating: None

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Thu, 02/28/2013 - 14:55 | 3286759 TruthInSunshine
TruthInSunshine's picture

Kevin Henry'd.

When fiat's for nothing (free), the sky's the limit on CRM or PCLN.

Thu, 02/28/2013 - 15:07 | 3286856 Cdad
Cdad's picture

Even the Great Santelli seems to have been given his BlowHorn [CNBC] marching orders to prepare the golf clap...consequences be damned.  Just need the "venerable" Art Cashin' to say "buy e'm" to complete the 6 sigma move to never before seen low credibility levels on Wall Street.

The time to finally....finally sell CMCSA is very close.

Thu, 02/28/2013 - 15:57 | 3287176 Zap Powerz
Zap Powerz's picture

The machines have become self aware.  Were fucked.

Thu, 02/28/2013 - 15:09 | 3286870 GolfHatesMe
GolfHatesMe's picture

Kevin is the new Adam Smith

Thu, 02/28/2013 - 17:10 | 3287589 TruthInSunshine
TruthInSunshine's picture

"The Wealth of Yellens"

Thu, 02/28/2013 - 15:12 | 3286894 tickhound
tickhound's picture

No sacrifice the natives make to the alter of PONZI is in vain.  New highs will bring the rains, provide bountiful harvests, bring victory on the battlefield, and allow us to build more monuments in his glory.

Ben is a Holy Man.  He maketh the good medicine.  PONZI is pleased. 

Have faith, followers.  PONZI rewards only the true believers.  If stuff is what you require, stuff is what you shall receive. 

In his name we pray.

Thu, 02/28/2013 - 15:48 | 3287099 Ham-bone
Ham-bone's picture

I wonder if this was done so visibly to clearly show that this is now support, this 1522 is the new floor that will be defended...have no fear???

Otherwise, "somebody" just top ticked a whole lotta SPY?

Thu, 02/28/2013 - 14:54 | 3286760 DaveyJones
DaveyJones's picture

I think that's a good idea to start calling them "things" and not "people"

Thu, 02/28/2013 - 15:03 | 3286830 THX 1178
THX 1178's picture

I don't know seems like... like they're becoming aware.

Thu, 02/28/2013 - 16:02 | 3287196 Fidel Sarcastro
Fidel Sarcastro's picture

Yeah, here it is in another form --->chart2

Thu, 02/28/2013 - 16:13 | 3287261 francis_sawyer
francis_sawyer's picture

Nice to know that the 'noble gases' are absolved from any wrongdoing...

Thu, 02/28/2013 - 16:32 | 3287382 Edward Fiatski
Edward Fiatski's picture


Thu, 02/28/2013 - 14:54 | 3286761 Lost Wages
Lost Wages's picture

I also don't care.

Thu, 02/28/2013 - 14:58 | 3286791 Cdad
Cdad's picture

If you are one of the majority outside of the criminal syndicate known as Wall Street, you don't care.  Americans have not cared about the market for years...which is exactly why it is the centerpiece Ben Bernanke's giant policy tool.

But watch the other "tools" on The BlowHorn [CNBC] today.  Shortly, they will all show you just how much regard they have for you...and the currency you use to buy food and gasoline...which they are destroying so that they can all golf clap at some point today.


Thu, 02/28/2013 - 15:09 | 3286872 scatterbrains
scatterbrains's picture

poor working folks need to realize that the price of these bankster cock suckers pushing their stock holdings higher comes directly straight out of their poor broke ass pockets.

Thu, 02/28/2013 - 15:44 | 3287106 ebworthen
ebworthen's picture


The CNBC "countdown to the top of the markets" is nausea inspiring.

The hysteria, the belief that it means something, the complete lack of understanding of how tragic it is...surreal indeed.

Thu, 02/28/2013 - 15:02 | 3286822 aint no fortuna...
aint no fortunate son's picture

It was Dimon. He's fuckin rich, dontcha know?

Thu, 02/28/2013 - 14:55 | 3286768 Downtoolong
Downtoolong's picture

Because, who needs liquidity when you are the liquidity.

Thu, 02/28/2013 - 14:55 | 3286770 gbresnahan
gbresnahan's picture

all time highs = best times to short.

Thu, 02/28/2013 - 15:05 | 3286844 Fish Gone Bad
Fish Gone Bad's picture

This will be an all time high, followed by more all time highs.  As $85B a month is coming into the markets, it has to go SOMEWHERE.  This bitch will bite your balls off if you short it. 

Thu, 02/28/2013 - 15:12 | 3286888 SillySalesmanQu...
SillySalesmanQuestion's picture

The invisible sign still hangs over the entrance of every major exchange


                                                   BY ORDER OF JAMIE AND LLOYD

Thu, 02/28/2013 - 15:20 | 3286951 Mark123
Mark123's picture

I hear what you say....however, somewhere in this world (perhaps China and Germany?) who will push back.  We won't hear about it, but don't think the Fed cartel can do whatever it wants. 


Just think how long it took China to amass its US treasury hoard, and the price it paid.  It took the Fed nothing to become "wealthier" by making an entry in a computer system....

Thu, 02/28/2013 - 16:14 | 3287264 Harbanger
Harbanger's picture

"all time highs = best times to short."

You may be right. They usually short the market right after everyone is all in.

Thu, 02/28/2013 - 14:55 | 3286771 IridiumRebel
IridiumRebel's picture

Bonds don't give a shit........

O/T: Went over to see what thh fuckheads at HuffPo were saying to all of this, you cannot even log in to comment. Fuck that site. I'll waste more time here.

Thu, 02/28/2013 - 14:57 | 3286773 slaughterer
slaughterer's picture

Once again, my short SPY/long PM portfolio is fucked, I mean, Kevin Henry'ed.   This 20something Cgrade intern from Rutgers is now a temp master of the universe.

Thu, 02/28/2013 - 14:59 | 3286795 michigan independant
michigan independant's picture

Sorry to hear that and thanks for being candid.

Thu, 02/28/2013 - 15:02 | 3286823 TruthInSunshine
TruthInSunshine's picture

Never begin to short until the spinal cord snaps.

The sound is quite distinctive. You have to hang 'em high.

Thu, 02/28/2013 - 21:23 | 3288524 Jay Gould Esq.
Jay Gould Esq.'s picture

Indeed. Nothing quite as "resonant" as a hemp cravat.

Thu, 02/28/2013 - 14:59 | 3286805 fuu
fuu's picture

We're all in the afterlife now as we died on Wednesday.

Thu, 02/28/2013 - 15:27 | 3287003 lemonobrien
lemonobrien's picture

i love the philosophical side of the monkey.

Thu, 02/28/2013 - 15:00 | 3286809 Cursive
Cursive's picture


Boy Genious twentysomething, punk'd out bitch at thirtysomething.

Thu, 02/28/2013 - 15:00 | 3286816 fonzannoon
fonzannoon's picture

slaughterer come on you know you are long spy and short pm's. It's cool. That is probably the way to go. Just make sure you get out of the way in time.

Thu, 02/28/2013 - 15:06 | 3286848 slaughterer
slaughterer's picture

Fuck no, I am uncool, contrarian, ZHindoctrinated.  (LOng PM, short SPY)  (Sorry to all the kids on ZH, but you got to be able to swallow ZH with a little bit of Xrated swearing from the ZHbots.).  

Thu, 02/28/2013 - 15:09 | 3286866 fonzannoon
fonzannoon's picture

I would not sweat it. The bernak and obummer said the sequester will hurt, and so it shall.

Thu, 02/28/2013 - 15:10 | 3286874 francis_sawyer
francis_sawyer's picture

the only winning move is not to play

Thu, 02/28/2013 - 15:53 | 3287159 PartysOver
PartysOver's picture

Hmmm, and I thought the only winning move was to be delusional in understanding Obamanomics and Uncle Ben's policy.  

We are living in a yellow submarine, yellow submarine...............

Fri, 03/01/2013 - 03:27 | 3289295 StychoKiller
StychoKiller's picture

"Quick, someone push a trading button..."

Thu, 02/28/2013 - 19:44 | 3288201 optimator
optimator's picture

Unless you're the FED or the Banksters and it's your (marked) deck.

Thu, 02/28/2013 - 14:56 | 3286778 nobusiness
nobusiness's picture

I care, I short this piece of shit and as usual am getting killed by fed cash.

Thu, 02/28/2013 - 14:57 | 3286785 mdtrader
mdtrader's picture

By the time the FED is finished everybody will be broke.

Thu, 02/28/2013 - 15:56 | 3287175 venturen
venturen's picture

But we will all be millionaires....just like Zimbabwe

Thu, 02/28/2013 - 16:37 | 3287407 Bicycle Repairman
Bicycle Repairman's picture

Quadrillionaires.  Ironic, no?

Thu, 02/28/2013 - 19:43 | 3288196 optimator
optimator's picture

An exact repeat of the Weimar Mark.  When they tell you the Mark was made worthless, they never tell you that the Gold Mark became worth a foture by comparison.

Thu, 02/28/2013 - 14:57 | 3286786 Cursive
Cursive's picture

Amazing.  Think of the virtual kinetic energy that is being stored in this rubberband of a market rally.

Thu, 02/28/2013 - 14:58 | 3286787 mac768
mac768's picture

The market got bernanket again....

grace of the trillions fabricated out of thin air by the FED

Thu, 02/28/2013 - 14:58 | 3286788 Racer
Racer's picture

If it's not your money that you gamble with (but keep the profits and not experience any losses) you don't give a $h1t about price

Thu, 02/28/2013 - 14:59 | 3286802 Jason T
Jason T's picture

to infinity....and beyond!

Thu, 02/28/2013 - 14:59 | 3286803 Lord Peter Pipsqueak
Lord Peter Pipsqueak's picture

Someone with advance knowledge of a deal done on the sequester?

Thu, 02/28/2013 - 15:07 | 3286858 vote_libertaria...
vote_libertarian_party's picture

Haven't you heard?  Tomorrow the prez will meet with the congressional leaders around the big meeting table, smile for the cameras and pledge they are working really hard to fix the sequester/budget mess.


Isn't that the same thing as fixing the problem?

Thu, 02/28/2013 - 15:47 | 3287120 ebworthen
ebworthen's picture

"Top people" working on it, just as soon as they find the Ark of the Covenant.

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