• Sprott Money
    05/06/2016 - 06:03
    The US, in its own decline, is showing this same self-destructive tendency. The worse things get, the greater the inclination of the citizenry to say, “Carry on, everything’s fine.”

Rumor Ramp Reverses Rout

Tyler Durden's picture


We saw what happened yesterday when the unknowable vote went exactly as everyone expected - the supposedly totally-priced-in equity market dumped. Today, the rumor is that a deal is on the cards and sure enough S&P 500 futures ramp almost 20 points. Interestingly, this ramp has stopped just as Gold and stocks have recoupled relative to each other on the week. Of course, once the rumor is flatly denied or rejected, we would expect little to no selling pressure in this broken market because there is always hope...

The last 3 times the S&P got back to even with gold, it sold off relatively...


as is clear here...


Charts: Bloomberg

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Fri, 03/01/2013 - 12:14 | 3290318 Spastica Rex
Fri, 03/01/2013 - 12:30 | 3290384 DJ Happy Ending
DJ Happy Ending's picture

I wonder if algos could be influenced by prnewswire releases.

Fri, 03/01/2013 - 13:53 | 3290898 Richard Chesler
Richard Chesler's picture

Fucking monkeys.

Long live fraud and the corrupt Obama Aministration.

Fri, 03/01/2013 - 12:15 | 3290323 Cursive
Cursive's picture

We're past the point of no return and algos and momo still acting as though any action could save it.

Fri, 03/01/2013 - 12:22 | 3290366 philosophers bone
philosophers bone's picture

Trading algos react to headlines and headline-writing algos react to trading.  Nice and convenient, internally coherent and reality does not have to be factored in. 

Fri, 03/01/2013 - 12:16 | 3290329 Charles Nelson ...
Charles Nelson Reilly's picture

truth is treason in the empire of lies

Fri, 03/01/2013 - 12:16 | 3290330 thismarketisrigged
thismarketisrigged's picture

whens the rumor that bernake and bullard were killed and obama has been impeached? im waiting for that rumor

Fri, 03/01/2013 - 13:04 | 3290661 therover
therover's picture

Yeah, who ( better word is what) codes that algo ?

Maybe there is a coding algo, that writes the 'headline' , which in turn sparks the 'trading' algo, which then tanks the market based on Big Ben's demise and Barry's impeachment headline.

Oh man, my head hurts.

Fri, 03/01/2013 - 12:17 | 3290337 Robot Traders Mom
Robot Traders Mom's picture

I haven't been on the 'boards as much...Has anyone seen my kid around here?

Fri, 03/01/2013 - 12:18 | 3290341 Spastica Rex
Spastica Rex's picture



Fri, 03/01/2013 - 12:25 | 3290381 akarc
akarc's picture

Heard he bought the Dallas Cheerleaders and an Island and retired. Something about an awesome bet on face book or something?

Fri, 03/01/2013 - 12:19 | 3290351 JohnGaltsChild
JohnGaltsChild's picture

He's in Galt's Gulch.

Fri, 03/01/2013 - 12:26 | 3290388 fuu
fuu's picture

Nope. Looks like he got the boot over at wallstreetbear too.

Fri, 03/01/2013 - 12:27 | 3290395 azzhatter
azzhatter's picture

I heard it was a bad bust, should be out in 24 hours

Fri, 03/01/2013 - 12:30 | 3290419 SheepDog-One
SheepDog-One's picture

Last I heard RoboTarder was applying for head buttboy job with Bernank.

Fri, 03/01/2013 - 12:19 | 3290350 Dr. Engali
Dr. Engali's picture

Ben needs to print a lot more if he ever wants to push through S&P 1565......if he does gold will lead the way.

Fri, 03/01/2013 - 12:22 | 3290365 Tsar Pointless
Tsar Pointless's picture

Ben has not yet begun to print.

Eventually, helicopters will be put into use.

Fri, 03/01/2013 - 12:21 | 3290353 Tsar Pointless
Tsar Pointless's picture

Boundless bullshit baffles, bitchez.

Fri, 03/01/2013 - 12:21 | 3290356 ekm
ekm's picture

The 'deal' news is for the HFTs to war against each other until only few are left.


Real traders are gone by now. Primary Dealers own everything.

Fri, 03/01/2013 - 12:21 | 3290358 Super Broccoli
Super Broccoli's picture

no shit ? a deal ? that wasn't expected !


Fri, 03/01/2013 - 12:38 | 3290364 Monedas
Monedas's picture

Re-couple, you say ?   Like Bernanky's small, rubbery penis up our "collective" asses !      Dennis Rodman pleads with Norkoms to send Norkom tutors to inner city black schools .... to teach disciplne !

Fri, 03/01/2013 - 12:23 | 3290367 bigkahuna
bigkahuna's picture

Everybody knows....

Fri, 03/01/2013 - 12:26 | 3290368 SheepDog-One
SheepDog-One's picture

'A 'deal' is in the cards'....well you know what that means, lube up and bend over america!

I wonder how much payroll taxes will be increased to make this 'deal', another 3% at least? Nevermind the added trillions in debt, that's nothing as long as stawks are up.

Fri, 03/01/2013 - 12:37 | 3290457 Mark123
Mark123's picture

Spot on....as if a "deal" can fix the mess! 


Most western nations are completely bankrupt AND continue to spend with borrowed money from their friendly central bankers....AND we continue to believe that these same governments can keep all the promises for social welfare for all, guarantee all new debts to buy houses, cars, student loans etc etc etc.


The only deal that will work is a big reset (revolution) led by enlightened men.  Fat chance of that.

Fri, 03/01/2013 - 14:50 | 3291113 Bizaro World
Bizaro World's picture

If you ain't got no job, you ain't be carin' bout no payroll tax! 

Now if there was to be implemented a Parolee Tax, that's a different story.....the Baryy O's supporters would be up in arms over that. They might have to vote 6 times (again) to knock that down.


Fri, 03/01/2013 - 12:25 | 3290380 Dr. Engali
Dr. Engali's picture

The top is in....



You Haven't Missed the Rally: Goldman's Cohen




Fri, 03/01/2013 - 12:31 | 3290418 ekm
ekm's picture

Do not be fooled.

A person drowing in a river will try to hang on to anything, even his own friend. Just today news here in Toronto that a canadian drowned in Cuba along with a cuban trying to save him.


Do not be fooled.

Fri, 03/01/2013 - 13:49 | 3290887 e-recep
e-recep's picture

come on, the goldman jew cohen would never fool the masses. heeding his advice i feel a strong urge to sell all my gold and silver and buy AAPL and GRPN. after all, what can possibly go wrong?

Fri, 03/01/2013 - 12:25 | 3290382 GrinandBearit
GrinandBearit's picture

Another fiscal crisis averted...horray!  Thank god our congress people are competent enough to fix all these problems.


How ridiculous it all is.  Just take the whole thing down and get it over with for cryin out loud.

Fri, 03/01/2013 - 12:35 | 3290449 Pareto
Pareto's picture

Another fiscal crisis averted...horray!

Even when they are not there.  Its a miracle!

Fri, 03/01/2013 - 12:26 | 3290390 Element
Element's picture

We're saved!!!

Fri, 03/01/2013 - 12:27 | 3290402 Confundido
Confundido's picture

They managed to bring gold back to $1,575/oz, thanks to the 10am slam down... I chuckled at Gartman when he wrote today that the margin clerks are growing weary of their (i.e. gold bugs) excuses....Margin clerks on gold bugs???? Gold bugs hold physical, unlevered gold! What a motherfucker this guy is!

Fri, 03/01/2013 - 12:29 | 3290410 SheepDog-One
SheepDog-One's picture

Can't have clerks growing weary now, can we!

Fri, 03/01/2013 - 12:30 | 3290417 Yen Cross
Yen Cross's picture

  TOTUS is supposed to make an announcement in 7 minutes. Re; SEQUESTER.

Fri, 03/01/2013 - 12:31 | 3290424 SheepDog-One
SheepDog-One's picture

We DEMAND moar breads and circuses and whatnots!

Fri, 03/01/2013 - 12:32 | 3290432 thismarketisrigged
thismarketisrigged's picture

fuck head obama is speaking at 1135. he will say everything he can to pump the markets past new highs.


i hate that fucker so much.

Fri, 03/01/2013 - 12:35 | 3290446 SheepDog-One
SheepDog-One's picture

Paint us a pie in the sky rosy story Great Caligula! I want to hear about pink unicorns or sharting out crates of free US Doellars for all!

Fri, 03/01/2013 - 12:42 | 3290497 Mark123
Mark123's picture

I recall a tale about a guy called King Canute....he declared the tide would not come in.


King Obamanute!  King Benankanute!!!

Fri, 03/01/2013 - 12:33 | 3290438 Confundido
Confundido's picture

$1,573/oz....it's so easy to print paper gold....

Fri, 03/01/2013 - 12:36 | 3290450 jeff314
jeff314's picture

he will be late...that negro should buy a watch...

Fri, 03/01/2013 - 12:41 | 3290483 disabledvet
disabledvet's picture

I still like my " Unicorns blowing rainbows out their ass" headline better. "while snorting Brahms and whinnying Thaichovsky" as well apparently. Listen "deflations are marked by GENERALIZED price declines." we've had probably the biggest asset inflation in history burst by the Fed (for a second time in lest than five years i might add--both times with the same guy in charge) should not come as a surprise that gold is struggling here. "this time is different" in that it may be impossible to have an asset inflation under QE. I'm still sticking by my view that we may get a "print" of "1 dollar chickens already cooked"...and that's a hard way to pay down trillion dollar deficits.

Fri, 03/01/2013 - 12:44 | 3290514 Mark123
Mark123's picture

Tell me more of this plan "1 dollar chickens already cooked".....Maxine W should be briefed.

Fri, 03/01/2013 - 12:41 | 3290485 mdtrader
mdtrader's picture

Not saved!

Fri, 03/01/2013 - 14:19 | 3290999 rsnoble
rsnoble's picture

My comment that got voted down this am:

"We're so use to seeing green that now we consider a -60pt down on the DOW futures a bad morning when it's at 14K?

Based on the past several years and this is friday the day remains low volume and closes flat or a throwing stone on either side of zero.

One day that will change id laugh my ass off if it came out of the blue like today but im just calling it like it's been."

I do more than just run my mouth around here.

Fri, 03/01/2013 - 14:33 | 3291055 boeing747
boeing747's picture

Operation German Gold: Next few years, gold price will be Up&Down very quickly in very short period of time. Only this way, fed can get enough physical golds to return to German.

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