Market 'Plunges' By 0.17%, Worst Drop In Three Weeks
The streak is dead - long live the streak - for the first losing Friday of the year. A sad day among the media though Maria B did proclaim "today was a victory even though we were down," so we can rest assured that all is well. While equities ending off their highs, the week was still positive 1-2% - especially for the Trannies - but rather oddly (well not really anymore) Treasuries are going out at the low yields of the week - down 7bps. The USD lost 0.7% with AUD and GBP strength weighing most and a decent surge higher in JPY today's day session. Oil prices jumped 1.7% on the week back over $93.50 (as RBOB and retail prices start to rise once again). Gold and Silver diverged with the former up 0.8% and the latter -0.7%. Volume today was very heavy (and it was a down day) but the quad-witching is to blame as opening an closing trading was huge as S&P 500 futures tagged new highs overnight but couldn't escape the lows of VWAP at the close. So far 2013 has been a perfect replay of 2012 - Is this it?
Keep Calm and Don't Stop Buying The F$$king Dip...
It was an odd week of divergence as Bonds and Stocks and Gold were bid - sounds like moar QE to us...as 10Y yields close at one-week lows and stocks near the highs...(though strangely in line with gold)...
and a potentially interesting insight - 'most shorted' names were ramped today but it failed and on the week - the Russell and its 'most shorted' close in line... as we warned after yesterday's divergence - is the squeeze over?
March so far in the markets... No Ides Yet...
as Oil jumped and gold and silver diverged...
Overall the TSY strength and FX carry reversal dragged stocks lower in a highly correlated manner as Capital Context's CONTEXT model shows (gap is data from futures roll)...
2013 = 2012 - Is This It?
Charts: Bloomberg and Capital Context
Bonus Chart - what happened the last few times that volume and average trade size surged on an AAPL up day? - oops...
(5 votes)
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OH THE HUMANITY!!!!!!!!
Well, the ads on here I keep getting from Macquarie are telling me consumer confidence is back so reality be damned.
I have been getting ads for portable toilets camper-style. I have been reading too many Carnival Cruise stories....or maybe the market just needs a portable toilet and Filipeno girls for dating too.
Wait!... Does this mean that I'm going to have to CANCEL the juggler I'd planned to hire to perform at Solomon's Bar Mitzvah?
RELAX, THIS IS THE BUYING OPPORTUNITY OF A LIFETIME! YOU HAVE TO BUY WHEN THERE IS BLOOD IN THE STREETS!
MAXIMUM LEVERAGE, FULL SPEED AHEAD!
(BULLISH!)
Hugo!
"There's never been a better time to buy....the Dow then now!...Yada, Yada, Yada!!! Buy Now...Don't be priced out!!!"
Are you my hot blonde big titted realtor or my scotched up mid-life crisis "wealth" manager. I hope it be the former.
Are you my hot blonde big titted realtor or my scotched up mid-life crisis "wealth" manager. I hope it be the former.
Paulsen predicts S&P 1700 by year end:
http://www.youtube.com/watch?v=xGZkP4fajMY&feature=youtu.be
> OH THE HUMANITY!!!!!!!!
We don't need no water - let the mutherfucker burn! Burn, mutherfucker! Burn!
Hello my name is Jimmy Pop and I'm a dumb white guy
I'm not old or new but middle school, fifth grade like junior high
I don't know mofo' if y'all peeps be buggin' give props to my ho 'cause she fly
But I can take the heat 'cause I'm the other white meat known as Kid Funky Fry
Yeah I'm hung like planet Pluto hard to see with the naked eye
But if I crashed into Uranus I would stick it where the sun don't shine
'Cause I'm kind of like Han Solo always strokin' my own wookie
I'm the root of all that's evil yeah but you can call me Cookie
video was as good as the song
Ah, young'uns....
The reality that was Wilson B. Goode was better than the song and the video.
'ere.
Soo glad I moved everything into cash and PM's! Thank you ZH!
"The streak is dead ... for the first losing Friday of the year."
OMGOMGOMGOMGOMGOMGOMG!!!!!!!!!1111!!!!!1!!!!!
*runs around, waving arms and screaming*
he who panics first does indeed panic best.
Did Maria have that Jamie jizm on her rosy cheeks again or did she swallow this time?
THINK OF THE CHILDREN!
LOL!
we leased the children, try; for the love of God
Greed, for lack of a better word, is God.
Blankfein and Co. own the children.
With hedonic seasonal adjustments, the S&P was actually up 20pts.
Last summer (I think) Tyler posted a fantastic commencement address detailing just how hard (and rewarding) it is to fight the market gods. Anyone remember who that was?
I think you are referring to Michael Burry.
You sir are awesome. Thank you.
Here is the ZH link for anyone interested.
http://www.zerohedge.com/news/2012-11-22/michael-burrys-reminder-after-e...
This con game can last a very long time if people listen to CNBC and Maria for market advice.
Seriously how far does Bernanke's dick need to be up their ass before they realize they're getting fucked?
This far maybe...
http://www.youtube.com/watch?v=rh2XrBqhnGo
Grab a shovel and start digging, that is the only hope.
I'm already in so deep the dirt keeps falling back on my head.
Get a conveyor belt.
At $5 to dig it out of the ground you sir must have a huge find there!
It's all JPM's fault.
Oh the humanity, I lost money today. I didn't know that was possible.
So BTFD
What is so hard there to understand?
(financial news) We'll be watching cricket chirping contests on the MSM media tonight.
Even so, the Russell ramped from 10:15 (post Confidence figures) to 2:15, then "plunged" to actually end with a VWAP slightly higher than yesterday's vainglorious close (?!). Those sons-of-bitches -- how I'd love to get them in an unpadded room with their supercomputers turned off and sans pocket-protectors, and kick their collective asses, those guttersnipes with Ph.D.s, summa cum laude shitheads, Mensa maggots -- wish they'd focus on more important things, like the Higgs Boson (or was it bison?) and leave my fave trading vehicle alone.
You may continue to make light of this drop ... but remember that this was the largest POMO of the month and with 4 Billion seeking a bid, an down day is significant ... says the Bear ... short now
A smart man you are Bear. I shorted usd/jpy late Wednesday(96.6) for a target of 94.5.(closed the trade @ 95.30) It may touch that level on Sunday, but I cleared the 95.5 handle easily. The DXY needed a retrace before the next leg up. http://imageshack.us/a/img841/5012/usdjpyi.png
Indeed, only one or two days this month without pomos, should get interesting.
Next Wednesday is POMO free LoP.
Fed presser next week, should be all kinds of head fakery and weird shit. I'd love to see today's giant pomo day as a bear signal (esp. with some significant opex), but, shit man, I don't know.
Something sad about streaks ending.
Like this one? http://www.killsometime.com/videos/8853/Streaker-Tazed-and-Punches-Cop-i...
"This guy's like a ninja, Man!"
Oh no, what am I going to tell my parents?
THE HORROR
THE HORROR
Cheer up. There's $4,000,000,000 more in new FED asset purchases on Monday that will magically become $120,000,000,000 for equities traders. Still bullish!