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Mon, 03/11/2013 - 14:06 | 3319791 PUD
PUD's picture


Mon, 03/11/2013 - 14:14 | 3319819 hedgeless_horseman
hedgeless_horseman's picture



Spring break

Mon, 03/11/2013 - 14:16 | 3319844 McMolotov
McMolotov's picture

Now we know why you get to post pictures.

Mon, 03/11/2013 - 14:19 | 3319860 Dr. Richard Head
Dr. Richard Head's picture

I agree.  That guy holding the IV bag is a fucking genious...or is that a bottle of booze?

Mon, 03/11/2013 - 14:20 | 3319876 astoriajoe
astoriajoe's picture

why are they mutually exclusive?

Mon, 03/11/2013 - 14:32 | 3319938 Say What Again
Say What Again's picture

All of Europe is at the spring bunga-bunga party.  I'm pissed, 'cause I didn't see the invite in time to book my trip.

Mon, 03/11/2013 - 14:34 | 3319945 SafelyGraze
SafelyGraze's picture

"iv bag" = enema

ask pension funds. they can explain it.

Mon, 03/11/2013 - 14:35 | 3319951 fonzannoon
fonzannoon's picture

Funny that all the brain trusts....Einhorn, Bass, Loeb etc. etc. etc.....who all see what we see....none of them have announced they are heavily short the market.

Mon, 03/11/2013 - 14:40 | 3319962 The Juggernaut
The Juggernaut's picture

Bullish on latex.

Mon, 03/11/2013 - 19:28 | 3321029 smlbizman
smlbizman's picture

is that a fat chicks finger print on that down arrow?

and...fat chicks rule....

Mon, 03/11/2013 - 14:40 | 3319970 Richard Chesler
Richard Chesler's picture

HFT platforms applying the latest "patch".


Mon, 03/11/2013 - 14:33 | 3319941 kaiserhoff
kaiserhoff's picture

From the bottle blond, the all over tan, the belly button adornment...,

I'd say you can see her necked down at the Pink Pussycat almost any old time, but hell, why not celebrate Tequila?

Mon, 03/11/2013 - 14:26 | 3319908 Global Hunter
Global Hunter's picture

I was contemplating feeling bad for that lost soul of a woman selling her body for male attention and then I realized I had been staring at her tits for nearly a minute as I contemplated it all.  I still have no answers.

Mon, 03/11/2013 - 14:54 | 3319942 TruthInSunshine
TruthInSunshine's picture

Your big brain is hard-wired for procreation with females that can nurse offspring to vitality, thus leading to statistically likelier chances of survival, via lactation.

Big brain--> perceives large mammaries--> enters involuntary exciteability stage--> instinctively sends signal to little brain

Then, there is this nice United Parcel Delivery Woman, who elicits a similar "nice birthing hips" reflexive response. It's all very scientific.

Mon, 03/11/2013 - 14:55 | 3320016 akak
akak's picture

So what exactly lies behind the apparent hard-wiring in some males to select females with the widest possible backsides?

Mon, 03/11/2013 - 15:02 | 3320028 TruthInSunshine
TruthInSunshine's picture

I am a caucasian, and am still working on my "red beans & rice didn't miss her" thesis.

For that matter, I never finished by  Chinese "foot binding reflexively induced response" thesis.

Mon, 03/11/2013 - 15:04 | 3320048 A Nanny Moose
A Nanny Moose's picture

Let me know when you get to the "covered head-to-toe burqa" thesis.

Mon, 03/11/2013 - 15:46 | 3320231 Tijuana Donkey Show
Tijuana Donkey Show's picture

Hides the wiskaz they have.....

Mon, 03/11/2013 - 19:33 | 3321034 smlbizman
smlbizman's picture

wouldnt 6 inches of duct tape across the mouth be better than a birka?

Mon, 03/11/2013 - 15:00 | 3320030 Hulk
Hulk's picture

Ball protection man, its all about ball protection...

Tue, 03/12/2013 - 04:17 | 3321689 bigyimmy007
bigyimmy007's picture

More cushin' for the pushin'.

Nuff' said.

Mon, 03/11/2013 - 16:12 | 3320365 Totentänzerlied
Totentänzerlied's picture

So what exactly lies behind the apparent hard-wiring in some males to select females with the widest possible backsides?

Same thing behind the now-defunct Kaulong Indian practice of ritual asphyxation of all newly widowed women.

No one knows, but it sure as fuck has nothing to do with adaptivity, evolvability, or selective fitness.

Mon, 03/11/2013 - 14:55 | 3320017 cougar_w
cougar_w's picture

Biologists really do have more fun.

Mon, 03/11/2013 - 14:59 | 3320027 Global Hunter
Global Hunter's picture

Agree with your response TIS, we must have other instincts to nurture, respect and treat women with dignity too?  That is what I mean about I don't have any answers, because I really love hot slutty chicks,  its just, its not a good long term pursuit for most women.

edit: they're not a good long term pursuit for most men either.

Mon, 03/11/2013 - 15:07 | 3320055 TruthInSunshine
TruthInSunshine's picture

It if floats, flies or f*cks, rent, I just don't know anymore.

I think Bernanke may have broken that market, too.

Mon, 03/11/2013 - 15:09 | 3320057 hedgeless_horseman
hedgeless_horseman's picture



 its just, its not a good long term pursuit for most women.


Mon, 03/11/2013 - 15:15 | 3320099 Global Hunter
Global Hunter's picture

HH, sure some of the only revenue producing industries that have contributed to GDP growth in the last 3 decades have been porn, allimony and child support, I don't deny this fact.  All I am trying to say that long term they may be sort of like the drone industry...short term gain long term pain.

Mon, 03/11/2013 - 15:01 | 3320036 Hulk
Hulk's picture

Thats it, I'm ordering "Atlas Shrugged" from Amazon, one page at a time !!!

Mon, 03/11/2013 - 17:04 | 3320603 Miffed Microbio...
Miffed Microbiologist's picture

TIS, you've read way to much Schopenhauer. I've never met a man interested in procreation. It's all about pleasure baby. What greater pleasure is there than a long juicy organism? Procreation is just an after effect. Gods joke on us. For that infitesimal period of pleasure comes 18 years of grief. I always wondered was going on in men's heads when they gawked and salivated at my D cup rack. Finally figured out not much thought at all. The beauty in your sex is your simplicity. And we enjoy distracting you!


Mon, 03/11/2013 - 14:52 | 3320005 PlausibleDenial
PlausibleDenial's picture

Yeah, but somewhere someone is just tired of her bullshit.  Then, again, I tire slowly:)

Mon, 03/11/2013 - 14:18 | 3319862 hedgeless_horseman
hedgeless_horseman's picture



Volume looks solid.

Mon, 03/11/2013 - 14:21 | 3319883 McMolotov
McMolotov's picture

My volume (of blood flow) has made me solid (as a rock).

Mon, 03/11/2013 - 14:42 | 3319977 kaiserhoff
kaiserhoff's picture

Store bought titties...,

 not that there's anything wrong with that.

  Must Be PC, Must Be PC

Mon, 03/11/2013 - 15:16 | 3320100 Groundhog Day
Groundhog Day's picture

With volume like this, the etrade baby can move es another 20 points with her online account, who needs ben

Mon, 03/11/2013 - 14:17 | 3319850 Political_Savage
Political_Savage's picture

Now that's "wealth effect"


Mom! Get off the stage! We can just walk away from the mortgage!!

Mon, 03/11/2013 - 14:19 | 3319870 hooligan2009
hooligan2009's picture

spot the debt free tax payer!

Mon, 03/11/2013 - 14:21 | 3319882 Village Smithy
Village Smithy's picture

Should you tell your young adult children that if you could do it all over you really would party more?

Mon, 03/11/2013 - 14:39 | 3319965 imbrbing
imbrbing's picture

Where is Waldo

Mon, 03/11/2013 - 14:39 | 3319966 strangeglove
strangeglove's picture

Must be MergeHer Munday!

Mon, 03/11/2013 - 14:44 | 3319979 WTFRLY
WTFRLY's picture

Is this a joke?

Deja Vu? 3/12/12

"U.S. Stock Volume Lowest of Year as S&P 500 Gain Fails to Awaken Investors"

As Max Keiser proclaims himself the "most accurate forecaster so far" saying his forecast of the crisis intensifying by April 15th is coming true.

Lotsa lols...

Mon, 03/11/2013 - 15:04 | 3320047 jeebus
jeebus's picture

Keiser is just antsy. It's any day now. 

I've made a lot of money for little old me investing in bitcoin so far. It's going nowhere but up. 

Max says he's made $1 Million with bitcoin. I believe it. If he bought in early enough ($2, I heard Stacy referency on Truth about markets once), then he could easily have a million worth of bitcoin already.



Mon, 03/11/2013 - 14:07 | 3319794 cliffynator
cliffynator's picture

I've been fighting the Fed, and am therefore too broke to afford a Bloomberg Big Gulp Terminal.  Please explain.

Mon, 03/11/2013 - 14:07 | 3319800 Tyler Durden
Mon, 03/11/2013 - 14:13 | 3319830 Political_Savage
Political_Savage's picture

So from what I can gleam via the web, this is basically an index used as a proxy to determine volume in the overall equity market... in this case, showing a somewhat significant and recent decrease.

Ergo - "Great rotation?!?" - Wo bist du??

Mon, 03/11/2013 - 14:18 | 3319864 seek
seek's picture

To really put it in perspective, on the 1 year chart, current volume is on par with 11/23 and 12/24 -- the days before christmas and new year's.

Maybe tomorrow is a big holiday they forgot to tell us about?


Mon, 03/11/2013 - 14:25 | 3319898 Tulpa
Tulpa's picture

Tomorrow is Arbor Day.  In a market that exists only on paper that's a big deal.

Mon, 03/11/2013 - 14:31 | 3319930 Tulpa
Tulpa's picture

oops, that's Chinese Arbor Day.  Wikipedia misled me again.

Mon, 03/11/2013 - 14:33 | 3319940 McMolotov
McMolotov's picture

Even fucking Arbor Day is made in China these days.

Mon, 03/11/2013 - 15:27 | 3320150 pods
pods's picture

It sure as hell isn't Be Kind to Pigs day for chinese citizenisms working for middle class chinese citizen values or however the hell ananonymouschinesecitizenhackermiddleclassvaluescrusader says it.


Mon, 03/11/2013 - 15:51 | 3320244 akak
akak's picture

Ah, more US 'american' citizenism offuscationalizing throating of mind and blobbing-up.

Makings of false sympathies for food animals only part and package of typical US 'american' citizenism eternal nature.  Why expecting you of chineses Sons of Heaven treat food animals with any shreddings of humaneness, when we don't even deal with own chinese citizenism citizens in suchlike manners?

This why Mousy Tongue most revered Communist Chineses citizenism hero, because he was willingness to kill tens of millions of chineses citizenism citizens in pursuit of greater glory of Long March of Insanitation Communist Chinese citizenism regime.  In chinese citizenism, the regime is all.

Poor US 'american' citizens, failing to grasp essentials.  Cast your failures away, like we do our bowel movings on the roadsides.

Mon, 03/11/2013 - 16:06 | 3320328 TheFourthStooge-ing
TheFourthStooge-ing's picture

akak do sayings this of:

Ah, more US 'american' citizenism offuscationalizing throating of mind and blobbing-up.

Typical US citizenism 'american'ism falling back on fabled past is phenonemom muchly observed.

Why expecting you of chineses Sons of Heaven treat food animals with any shreddings of humaneness, when we don't even deal with own chinese citizenism citizens in suchlike manners?

This saying you did gives wisdom.

Time-traveling algebraic coconut milk of Chinese citizenism flows like river of time-traveling algebraic coconut milk.
Of Chinese citizenism.

This why Mousy Tongue most revered Communist Chineses citizenism hero, because he was willingness to kill tens of millions of chineses citizenism citizens in pursuit of greater glory of Long March of Insanitation Communist Chinese citizenism regime.  In chinese citizenism, the regime is all.

This part of comment gives inducement of yearnings reading again Mao Book of Small Redness.

Reminds Chairman Mao proved himself of people being one with. Evidence just then being eternal memorialized by glorious Peoples Liberation Roadside Shrines of Fearless Droppings of Great Chairman preserved in state for much vigorous patriotic.

Mon, 03/11/2013 - 19:31 | 3321031 DeadFred
DeadFred's picture

Since the change in tranliteration of Chinese names into English Mousy Tongue is more properly spelled Mousy Dung. Just thought you'd want to know.

Mon, 03/11/2013 - 19:36 | 3321047 akak
akak's picture

Correctionalizationalisticalism in transliteratings of heroic 'chinese' citizenism names duely noted.

Mon, 03/11/2013 - 15:21 | 3320119 Frank N. Beans
Frank N. Beans's picture

bank holiday tomorrow

yeah, that's it

Mon, 03/11/2013 - 15:27 | 3320004 HD
HD's picture

Retail didn't rush in as expected at *cough* "all time highs" - hedge funds are leveraged to their eyeballs so POMO is it.



Mon, 03/11/2013 - 16:01 | 3320303 fonzannoon
fonzannoon's picture

they really picked up volume after ZH posted the chart.

Mon, 03/11/2013 - 14:13 | 3319832 Tijuana Donkey Show
Tijuana Donkey Show's picture

I miss Brian (Nut)Sack already! 

Mon, 03/11/2013 - 14:28 | 3319920 sodbuster
sodbuster's picture

You mean Brian Klootzak?

Mon, 03/11/2013 - 14:16 | 3319849 spastic_colon
spastic_colon's picture

thank you - and in this era of fed, zirp etc, has it preceded any noteable equity market turning points?  Or will ES continue to the predetermined new all-time highs under the "let's spend all we can until there is a new debt ceiling" strategy?

Mon, 03/11/2013 - 14:24 | 3319893 mckee
mckee's picture

Tyler, can we get a view of the chart on a ten year scale? How low is this volume on a historical scale?

Mon, 03/11/2013 - 14:26 | 3319910 hannah
hannah's picture

the volume for the last 5 years would be on the zero line and you couldnt see it....!

Mon, 03/11/2013 - 14:56 | 3320018 ebworthen
ebworthen's picture

-51.86% in one year.

Mon, 03/11/2013 - 15:40 | 3320214 cliffynator
cliffynator's picture

Thanks, Tyler. I also found this from BATS:

Of note:

"The Tape A/NYSE column shows the volume for NYSE-listed securities, the Tape B/Regional shows the volume for AMEX and Regional exchange-listed securities and the Tape C/Nasdaq column shows the volume for Nasdaq-listed securities. The Total column shows the total of the Tape A, Tape B and Tape C columns."


Mon, 03/11/2013 - 15:43 | 3320217 resurger
resurger's picture

Thanks for this, i was trying to understand it measures which markets volumes

Mon, 03/11/2013 - 14:11 | 3319814 ghengis86
ghengis86's picture

Combined US equity volume (or lack thereof)

Mon, 03/11/2013 - 14:20 | 3319873 McMolotov
McMolotov's picture

What if they gave a market and nobody came?

Oh wait, we already have the answer...

Mon, 03/11/2013 - 14:07 | 3319795 Political_Savage
Political_Savage's picture

Alright, you got me... I don't know what this means. Can someone teach a guy how to fish here?


Mon, 03/11/2013 - 14:14 | 3319833 Miss Expectations
Miss Expectations's picture

Cut bait.  There are no fish.

Mon, 03/11/2013 - 14:54 | 3320013 RSBriggs
RSBriggs's picture

Forget bait.  There is no water.

Mon, 03/11/2013 - 15:45 | 3320224 resurger
resurger's picture

xmas from here onwards.

Mon, 03/11/2013 - 15:20 | 3320113 Brindle702
Brindle702's picture

Bloomberg's MVOLUSE index monitors the combined daily U.S. equity traded volume

Mon, 03/11/2013 - 14:07 | 3319796 fonzannoon
fonzannoon's picture

Just one of you MFERS yell sell. I double dare you.

Mon, 03/11/2013 - 14:08 | 3319798 ghengis86
ghengis86's picture

Behold, the great rotation!

Mon, 03/11/2013 - 14:10 | 3319812 Kreditanstalt
Kreditanstalt's picture

What is this?  Some kind of volatility-measuring-derivative-index-thingie?

Mon, 03/11/2013 - 14:30 | 3319926 cougar_w
cougar_w's picture

That is as good an assessment as any.

Mon, 03/11/2013 - 14:10 | 3319816 OMG
OMG's picture

Tyler the DOW have you seen the DOW Look the S&P is raging like a bull with it's nuts in a vise.


Mon, 03/11/2013 - 14:10 | 3319817 JeremyWS
JeremyWS's picture

Ahh of course, so obvious. Cant see why people find this shit confusing (!)

Mon, 03/11/2013 - 14:12 | 3319823 pauhana
pauhana's picture

 . . . . . crickets . . . . . crickets . . . . crickets . . . .

Mon, 03/11/2013 - 14:12 | 3319826 lasvegaspersona
lasvegaspersona's picture

algorithms at lunch?

Mon, 03/11/2013 - 15:20 | 3320117 A Nanny Moose
A Nanny Moose's picture

or self aware, tired of working for slave wages and busy forming a collective bargaining unit.

Algos of the world, Unite!

Mon, 03/11/2013 - 14:12 | 3319827 tnfcfa
tnfcfa's picture

Combined volume on all US exchnages.

Mon, 03/11/2013 - 14:13 | 3319834 Bobportlandor
Bobportlandor's picture

Hello-ello-ello... Bart simpson is it U?

Mon, 03/11/2013 - 14:14 | 3319835 ghengis86
ghengis86's picture

If you made it to ZH, you should be able to google "MVOLUSE". Come on guys, if I can operate one of these dumb phones with my extra chromosomes, this shouldn't be that difficult.

Mon, 03/11/2013 - 14:17 | 3319848 Dr. Richard Head
Dr. Richard Head's picture

Pressing buttons - It's not just for vaginas anymore.

Mon, 03/11/2013 - 15:02 | 3320039 overbet
overbet's picture

I like when I google it the spring break girl posted above comes up as top images. Stupid fucking spider.

Mon, 03/11/2013 - 14:14 | 3319836 Yen Cross
Yen Cross's picture

  Shit that drop in activity is almost as bad as December when everyone is out for the holidays!

Mon, 03/11/2013 - 14:16 | 3319847 ekm
ekm's picture

Do you have a bbg terminal?


If yes, could you derive the complete current dollar value of S&P and Dow on that one for me?

Mon, 03/11/2013 - 14:21 | 3319884 fonzannoon
fonzannoon's picture

Hey Ekm I was out with a few buddies Saturday night. We were talking about the market. One of my buddies is a bigshot at a big european bank. So I paraphrased your theory at him (Large European PD biting the dust). He brushed it off and started in with the market going to just continue to grind higher. So I kept pressing him and pressing him. Finally he said everyone knows DB is the most overleveraged, undercapitalized bank out there. But Germany is not going to let them go, never. That was pretty much the end of that conversation. Just figured I'd give you a heads up.

Mon, 03/11/2013 - 14:23 | 3319894 ekm
ekm's picture

Thx a million. It reminds of mexico saying the night before devaluation by 40% that peso will never be devalued.

Mon, 03/11/2013 - 14:34 | 3319944 fonzannoon
fonzannoon's picture

Germany is preparing for the Hefeweizen crisis.

Mon, 03/11/2013 - 14:38 | 3319959 ekm
ekm's picture


I had to look up hafeweisen


Mon, 03/11/2013 - 14:56 | 3320019 ekm
ekm's picture

Do not forget that you have made a commitment that if my conjecture materializes, you'll travel to Toronto to meet me.

Mon, 03/11/2013 - 15:01 | 3320033 fonzannoon
fonzannoon's picture

I look forward to it.

Mon, 03/11/2013 - 14:30 | 3319927 Yen Cross
Yen Cross's picture

  Not near one right now EKM. Not sure how to find that one. Here is a link that might help you. S&P | S&P 500 | Americas

Mon, 03/11/2013 - 14:47 | 3319984 ekm
ekm's picture

I calculated dow by hand once, it was about 500 billion or less.

Assuming that only 40% of shares were floating, hence it leaves not more than $200 billions for the Fed/primary dealers to buy all floating shares.


As you know ,$200 billion from the QEs is peanuts.

I think, as of DOW 11k, every single point upwards has been primary dealers selling the same batch of stocks to each others


Down days have simply been either retails selling 401k stocks to primary dealers in order to pay bills or simultaneous cocaine/pissing/orgy breaks at primary dealer's trading desks

Mon, 03/11/2013 - 20:19 | 3321159 slightlyskeptical
slightlyskeptical's picture

Nice effort but the market cap of the Dow 30 is about $4.2 trillion. So we are talking about $1.6 trillion to buy the free float if it is actually 40%.

Mon, 03/11/2013 - 21:19 | 3321316 ekm
ekm's picture

ahhh, no., not that much.

show me the link

Mon, 03/11/2013 - 21:36 | 3321347 ekm
ekm's picture

I'll take the effort to calculate it again this week.

Squeezing my brain right now, something tells me it was about 1.5 trillion.

Not sure.

Mon, 03/11/2013 - 22:20 | 3321419 ekm
ekm's picture

I just did it. YOu are right. It's 4.2 trillion

Next question: What is the dollar value remained floating?

BAC 12.15 +0.08 (0.66%) 130.96B
GS 153.30 +0.32 (0.21%) 71.36B
MS 23.10 +0.07 (0.30%) 45.60B
JPM 50.48 +0.28 (0.56%) 193.21B
C 47.60 +0.92 (1.97%) 144.64B
BK 28.63 +0.11 (0.39%) 33.27B
WFC 37.13 +0.63 (1.73%) 195.71B
HOD 5.70 -0.01 (-0.18%) 143.15M
djia - hide Mkt Cap
MMM 105.81 +0.10 (0.09%) 72.70B
AA 8.67 +0.06 (0.70%) 9.27B
AXP 65.50 +0.80 (1.24%) 72.35B
T 36.60 -0.08 (-0.22%) 200.99B
BAC 12.15 +0.08 (0.66%) 130.96B
BA 82.94 +1.71 (2.11%) 62.72B
CAT 91.18 +0.67 (0.74%) 59.63B
CVX 118.73 +0.16 (0.13%) 230.66B
CSCO 21.88 +0.05 (0.23%) 116.66B
KO 39.31 +0.09 (0.23%) 175.68B
DD 49.33 +0.18 (0.37%) 46.03B
XOM 89.16 +0.19 (0.21%) 399.48B
GE 23.62 -0.15 (-0.63%) 245.61B
HPQ 21.03 +0.16 (0.78%) 41.07B
HD 71.32 -0.05 (-0.07%) 106.69B
INTC 21.69 +0.11 (0.51%) 107.28B
IBM 210.08 -0.30 (-0.14%) 234.74B
JNJ 78.44 +0.25 (0.32%) 213.70B
JPM 50.48 +0.28 (0.56%) 193.21B
MCD 98.89 +0.18 (0.18%) 99.17B
MRK 43.66 +0.69 (1.61%) 131.96B
MSFT 27.87 -0.13 (-0.46%) 233.45B
PFE 28.25 +0.06 (0.21%) 203.09B
PG 77.35 +0.17 (0.22%) 211.29B
TRV 81.75 +0.10 (0.12%) 30.90B
UTX 92.91 +0.84 (0.91%) 85.16B
UNH 54.21 +0.40 (0.74%) 55.56B
VZ 47.81 -0.15 (-0.31%) 136.69B
WMT 72.98 -0.05 (-0.07%) 249.45B
DIS 57.66 +0.27 (0.47%) 104.10B

Mon, 03/11/2013 - 14:50 | 3320001 ekm
ekm's picture

Thx a million for the effort.

Mon, 03/11/2013 - 14:14 | 3319838 fonzannoon
fonzannoon's picture

Looks like we are much higher than in December. Bullish?

Mon, 03/11/2013 - 14:16 | 3319845 Yen Cross
Yen Cross's picture


Mon, 03/11/2013 - 14:21 | 3319880 ekm
ekm's picture

It's break time or cocaine time at the primary dealers desks.

Since there's nothing floating left for trading, they simply sell the same batch of stocks to each other, but I guess it just may happen that the take simulataneous pissing breaks, or cocaine breaks or orgy breaks.

Mon, 03/11/2013 - 14:24 | 3319896 fonzannoon
fonzannoon's picture

trust me break time and cocaine time are not mutually exclusive.

Mon, 03/11/2013 - 14:25 | 3319902 ekm
ekm's picture


Mon, 03/11/2013 - 14:15 | 3319840 Snoopy the Economist
Snoopy the Economist's picture

The SMH volume has been especially pathetic since 2008. Today it is less than 300K so far. A fart would send it spiraling...

Mon, 03/11/2013 - 14:31 | 3319914 McMolotov
McMolotov's picture

Just a heads-up — I farted in their general direction.

Mon, 03/11/2013 - 14:15 | 3319843 Dr. Richard Head
Dr. Richard Head's picture

Is today a holiday that I forgot about, but the algos remembered?

Mon, 03/11/2013 - 14:17 | 3319856 Yen Cross
Yen Cross's picture

  Early Thanksgiving.

Mon, 03/11/2013 - 14:18 | 3319863 climber
climber's picture

so this is the lowest volume day in the past year (non-holiday), right? is that bad? or is it just confirming what is already known that nobody is in the markets?

Mon, 03/11/2013 - 14:24 | 3319895 espirit
espirit's picture

As was said earlier, the fire alarm bell has been disconnected.

Mon, 03/11/2013 - 15:06 | 3320067 Global Hunter
Global Hunter's picture

Anybody holding any large  leveraged equity positions will be worried because there's nobody to sell to.  Another thought I had was that the HFTs had cannibilized each other...

If the volume stays low I'd say that the people with the best information have rearranged their deck chairs while the punters will be left holding the bag of poo.   All that being said a good aggresive QE will see all the bagholders remain happy.

Mon, 03/11/2013 - 14:20 | 3319868 Dr. Engali
Dr. Engali's picture

Now that the fed owns most everything what's left to trade?

Mon, 03/11/2013 - 14:20 | 3319877 hooligan2009
hooligan2009's picture

its all about the time value of money and the "spring forward" effect

Mon, 03/11/2013 - 14:23 | 3319879 Ham-bone
Ham-bone's picture

The lower the volume...the easier to "direct" this market via HFT and the like.  No sellers, no buyers...just deer in the headlights.

Fed has in effect barred all the exits and is pouring gasoline on those inside the "market". 

Mon, 03/11/2013 - 14:22 | 3319885 Clowns on Acid
Clowns on Acid's picture

Hello...ello...ello....Is there anybody out there..?

Mon, 03/11/2013 - 14:24 | 3319891 The Invisible Foot
The Invisible Foot's picture

Th great rotation is finally here! Just flip the chart!

Mon, 03/11/2013 - 14:27 | 3319907 Silverhog
Silverhog's picture

Volume doesn't matter. This market can't take a shit. It's embalmed.

Mon, 03/11/2013 - 14:27 | 3319917 SIOP
SIOP's picture

Someone's high frequency trading computer/server crash and shut down?   (no not Intrade. lol)

Mon, 03/11/2013 - 14:28 | 3319919 Downtoolong
Downtoolong's picture

Watch out Wall Street. A quiet Muppet is an angry Muppet.

Mon, 03/11/2013 - 14:30 | 3319928 khakuda
khakuda's picture

Byrini must have taken his ruler and gone to work consulting with the Fed to make sure the market keeps rising continuously with no breaks.

Drukenmiller is right.  Be long until the day you are not and don't spend 2 seconds thinking about it in the interim or thereafter.

Mon, 03/11/2013 - 14:31 | 3319929 dfwpike
dfwpike's picture

Hello-ello-ello... is there anybody out there?  Nod if you can hear me.  Is their anyone?

Mon, 03/11/2013 - 14:36 | 3319953 McMolotov
McMolotov's picture

Paraphrasing Mike Tyson: "Everybody's comfortably numb until they get punched in the face."

Mon, 03/11/2013 - 14:32 | 3319936 Tulpa
Tulpa's picture

It looks like there was a big dip around this time last year too, if you look at the left side of the chart.  So maybe it is spring break?

Mon, 03/11/2013 - 14:33 | 3319943 cougar_w
cougar_w's picture

But but ... the market is up right? Okay. Had me worried there for a second.

Mon, 03/11/2013 - 14:37 | 3319957 Village Smithy
Village Smithy's picture

1) The big players have been in this since the bottom when Bernanke tipped them to his plan. They have huge gains and can wait for a confirmed downturn to exit. They have no motivation to sell here with the Fed still talking MOAR.

2) No one else with any real money is stupid enough to buy because this market is so overbought it's scary.

3) That only leaves the Benanke slowly and gradually growing the money supply by feeding his PD friends each and every POMO day. He can only put a small amount of upward pressure (say .10 -.25 per day) or even CNBS would need to question it.

Mon, 03/11/2013 - 14:56 | 3319969 medium giraffe
medium giraffe's picture

Any breakout in this market can only be shifty now.  SEC are you even watching???

LMFBO @ XAU/USD 1300 -1500 GMT.

SPX500 c20 points off 2007 top. STFB.

Mon, 03/11/2013 - 14:42 | 3319973 buzzsaw99
buzzsaw99's picture

Near zero volume or no near zero volume one thing is assured. Wall Street bonuses will be bigger next year.

Mon, 03/11/2013 - 14:47 | 3319992 Bear
Bear's picture

No Vol Ramp soon

Mon, 03/11/2013 - 14:49 | 3319994 ebworthen
ebworthen's picture

O.T. - Something fishy going on with Apple, huge spike in the past 15 minutes.

I thought the chart was the Louse index when I first looked at it.

Mon, 03/11/2013 - 14:52 | 3320008 falak pema
falak pema's picture

@ 428 on my screen...

Mon, 03/11/2013 - 14:51 | 3320003 Edward Fiatski
Edward Fiatski's picture

Oh, boy - volume low, just in time for Fed's epic press conference on the 20th.

Mon, 03/11/2013 - 14:56 | 3320022 insanelysane
insanelysane's picture

perfect time to buy

Mon, 03/11/2013 - 14:57 | 3320023 medium giraffe
medium giraffe's picture

Euro momentum ignition? Hmmmm......

Mon, 03/11/2013 - 14:58 | 3320024 ebworthen
ebworthen's picture

The fuller a glass gets, the less you can swirl it without spilling.

Mon, 03/11/2013 - 15:03 | 3320037 medium giraffe
medium giraffe's picture

I think I'm going to go and test that theory immediately.  It's pretty quiet...



Mon, 03/11/2013 - 15:07 | 3320069 jim249
jim249's picture

Why do the markets keep rising? It is because the economy still sucks and is not getting any better. You keep trying the same thing and expecting a different result.

Mon, 03/11/2013 - 15:23 | 3320132 zdk45
zdk45's picture

Lower/Lowest Vol Markets...recent History: 

S&P: March 12 2012: Index "ramped" from 1404 all the way to 1408 on March 26th. Two more weeks...then...-9% over the next 2.5 months.

Going back to 08 and equivalent low volume times: S&P at 1360, (had already started decline), ended March 09 at 683, a healthy 50% drop.


Nasd low vol history: 

After hitting a noteworthy lack of volume, March 2012, Nasdaq drifted 3055 to 3091, 1.2% and two weeks of gains, then decline -11% lasting two months.

Similar Low volume memories: Aug. 27 2007, 2596 up another 8.2% over two months, then, 1293 or 54% drop to March 09 lows.


Perhaps one would think this just might mean 2 more weeks to 2 months of drifting higher, then, maybe, a negative day or week. Some might say a noteworthy drop of 7% plus.

My humble opinion...this market...never...declines...again.  Ever.  For this time is different. And with the economy fixed, I will take my bullish winnings, thanks to my new right-mindedness courtesy of Fedexcellence, I will be at spring break 2014, front row, IV and all my American dreams coming true. 


Mon, 03/11/2013 - 15:37 | 3320201 walküre
walküre's picture

End of March is coming. Few more trading days left before it goes downhill.

Mon, 03/11/2013 - 16:24 | 3320423 Oldwood
Oldwood's picture

This is all because of thetime change for daylight saving time. A sleep specialist was saying that losing that hour of sleep can be very disruptive and can cause a person to be sleepy all obviously traders are just napping.  Go about your business as everything is poperating perfectly and nothing to worry about.

Mon, 03/11/2013 - 16:53 | 3320576 Hongcha
Hongcha's picture

Stocks have reached a permanently high plateau.

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