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Short Squeeze Smashes S&P 500 Over 1615
There were signs of anxiety yesterday afternoon when the 'most shorted' names started to levitate but this morning's exuberance has crushed the shorts and provided the ammunition to take the cash S&P 500 index above not just 1600 but above 1615 (with the cash index somewhat unusually trading at a premium to the futures). Since Wednesday's close, the Russell is up around 2%, the 'Most Shorted' names are up a remarkable 3.8% in the same time.
Cash S&P 500 above 1615 - premium to futures...
and Shorts are getting monkey-hammered...
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there are no shorts
squeeze
how bout nuts getting crushed in a vice
85% of clients (IG) with open positions in the SPX are SHORT!
Also one of the most ridiculous looking candles ever! Way over done on an average jobs report, looks like things are getting very bubbly but I do not doubt they will push this higher and higher and until everything literaly implodes...remember Plan A is print till death, Plan B is death. Whatever your take on this farce just remember that reality is ultimatley all that matters in this world. Real life, tangible assets, touch, smell and feel...so hedge accordingly.
Finally I just wanted to end with an example of real life: a pineapple takes 18 months to grow, also probably not grown anywhere near you...the same goes for most food items the average consumer consumes.
Thay are called victims.
Wedgie!
LOL!! The carry is all fucked up, they don't know what to do..
Just BUY!!
Anything!
Was funny to note the complete disaster in factory orders and ISM services, vs. the B(L)S employment numbers. This is a non-pomo day too.
Today opening is a good short entry.
If I had money to burn and could handle a steady loss for the final huge payoff, yes. I don't so I'm not touching this shit. DNBS. Don't buy - sell.
weeeeee
+1
An EXPLOSION to the upside on today's open.
Wheeeeeeeeeeeee!
1. If you short stawks, you will be crushed
2. If you are long paper PMs, you will be crushed
The "market" has gone full Peak Ben; when the Bernank leaves the building, it is time to take serious cover
...there is no [exit strategy]! there is no [exit strategy]! (Apollo Creed)
...and we will all go down, together (B. Joel)
Is there anybody short and if so why?
Just watch the current NFP be revised down to 87K next jobs report.
For now shorts crushed by BSLS, cotton candy fluff S&P!
Yes but next month nobody will even pay attention to revisions (They only matter when revisions are on upside).
Numbers SIMPLY DO NOT ADD UP - if jobs situation is so strong - where is the inflation? It simply defies simple axioms.
Or Jobs added are simply lowest paying jobs having zero effect on economy
snort blow
hit buy
repeat
This is the moment where the lemmings start to figure out that they need to take action to buy into this rally...
Yeah, and that is when the steamroller comes out and squishes them like a tube of toothpaste.
hahahahah...can't quit laffin....
..steam roller comes out and..
like a tube of toothpaste...
Can't wait for a black swan event to come thru this market. This has gotten wild.
The brakes! There are no brakes! What's going on?
Wildcard, bitchez! YeeeeeHaaaaw! <jumps out back of van>
wtf has euro popped 50 pips just now? ism leak?
165K jobs? Not even mostly full-time jobs? There is no growth in 165k jobs. The population growth outpaces that. And then there's the job quality aspect, but rally on....
Cursive, we might as well just go to a store and buy a robot and buy a sticky note and write "BUY BUY BUY" on it and stick it to the the robot's head and then you and I can sit there and explain service sector jobs and population growth to the robot until we die of natural causes.
@fonzannoon
Yeah, you right. Now back to work and Crosby, Stills, Nash and Young....
The first thing to leave an alcohol fuel party is logic and reason. Ditto a bull market.
Hang around for a while longer. It's coming back.
exactly the point. no growth = qe 4evah. have you just now arrived in bizarro world?
the completely arbitrary and guesswork birth/death model added 192k, so in reality there was a loss of 27k jobs. just another day.....
Hey, Uncle Fester (Charlie Munger) is going to be on CNBC soon this a.m.
http://www.tvsmacktalk.com/wp-content/uploads/2011/12/fester.jpg
Ah yes the short squeeze of the retail sheep that is on the sidelines and the hedge fund that has never been more net longererer.
Or maybe it's the PD's flipping the same inventory back and forth to each other as the dow climbs to 30k. Whatever it is, it is. Time for Jeremy Siegel and that guy Abe Joseph Cohen to parade themselves out and declare victory.
Are you ready for the blue pill yet?
I will say this Doc. For people with cash, this is giving me an ulcer. For people already set up. I am eying the door. Other than that I am heading to the store to grab some stuff to bbq and a six pack and I am looking forward to the weekend. I won't let this rattle me. I just won't. I may bitch here and there but that's about it.
Almost everyone sees this for what it is. A complete and total fraud. Anyone else can't be helped at this point.
Looks like we are in the same situation client wise. As for me i'm looking forwar to taking the kids to the amusement park this weekend.
good stuff Doc.
The number of ambulance jobs over the past 6 months is driving the healthcare. Must be the shorts having the paddles applied...
New Highs!!! If this doesn't call for MOAR QE nothing does! Help us BENNY!
Free Corzine
With the Bernank printing 85 billion a month why in the hell would anybody be short?
eggzacly...the casino loves wrong way, long odds desperation bettors...the lifeblood of all gambling institutions.
Where is Sergey Aleynikov
http://dealbook.nytimes.com/2012/08/09/ex-goldman-programmer-is-arrested-again/
Amazing that the euro is up against the dollar. How does that work? Better US jobs is bad for the dollar how??? The ECB just cut rates and theoretically speaking better US jobs means an earlier end to QE. So how earth does that play out as a stronger euro against the dollar?
Reality, fundamentals have no bearing in Hyper Bubbles
Think Tulipmania but on steroids and hopium mainlined into a dying corpse by Central Bwanksters.
You will get a lot of thrashing about, but that is just the throes before death
Could be the flameout I've been looking for... Final engulfing or a breakout. We shall see.
I am short the market.
I hope it works out for you. I would be too, but I'm not getting in front of this freight train. I'll short it by buying precious metals.
Being a good trader is a 24/7 job.
[IMG]http://imageshack.us/a/img442/8818/todayl.png[/IMG]
UNBELIEVEABLE EXUBERANCE.
Unbelievable. There is no way any rational individual or institution would buy these nosebleed levels in a papered-over depression. Since there is no more rationality, that pretty much explains it. All I can say is that the slaughter will be quite a spectacle.
Well what if things were actually getting better, perish the thought!
That would mean the precipice of hyperinflation. Bullish??
Do you think we go to hyperinflation overnight or would it happen after a strong and bullish period for stocks? I accept that if inflation gets out of control the multiple on the markets could contract to below 10 times.
Hey, happy trading. Nothing wrong with that - just be nimble. This pig could lose 20% in minutes.
then they would stop printing money! But instead now you are going to get the chinese, european print...and everyone else...to just pretend we have more money...NO AUSTERITY!
The higher it goes more people short it. The more people short it the higher it goes.
Ugh. I'm about to get stopped out of Expedia & Robert Half, both sh*t stocks in my view. Do I raise the stops & try to ride it out or cut my losses and run?
If you're shorting into this shit storm of a market, you deserve your losses.
+1 it is a great time to sell but a lousy time to be naked short
Buzz, you're the best. My brother with another mother/
The Empire Strikes Back.
The powers that be in their money transporter know one thing: This is a one way road and you better step aside...
If the ZeroHedge Nation capitulates to the long side, it will mark the top, especially if Graham Summers goes bullish. This is a classic, Nikkei-style blow-off parabolic top. 90% of the move within any bubble occurs in the final 10% of the time frame. Especially with Bennie and Lloyd and Jamie smiling like Cheshire cats.
Say no to drugs.
Just say mo' to drugs.
LOL, they never learn. Try again at 1700 lol. Eventually this will blow up and truthfully if you have megabux and want to bet a little on the shortside there's nothing wrong with that. Most likely that wasn't the definition of most of the trades.
This is not a short squeeze because there is not near enough in the way of volume for that analysis.
I am getting my faced ripped off. I was hoping the freefall would begin before I went on vacation so I could gloat, but fighting ther Fed has cost me $3500 thus far over 2 1/2 years. I haven't made a trade in 2 1/2 years since that one went, and is still, going sour. I figured...." just a matter of time"......,but WTF?. How long can they continue this charade?
So this actually is a short squeeze. If this site, which I believed was comprised of the "take your ball and go home crowd" keeps popping up with more and more people claiming they are getting their balls ripped off right now...then I can only surmise that retail is alive and well and is providing the squeeze to stock market heaven.
I lost $50k in 2010 when I was convinced 1040 was going to be the cascade back to 750 moment. I lost like $10k unrealized in a day when they ramped it like 1.5% in the last 15 minutes of trading. This is their market.
Remember, the TREND is your friend.
Try a sell stop under your guesstimate.
Predicting the phuture is phoolish.
My finger has been hovering over the sell button for months. It just refuses to roll over.
I think my hair started growing back since I went long in late 11.
And there you have it....Dow 15,000 and S&P 1600 on the same day....Maria's nips will be protruding quite extensively today on the "special broadcast"
Hats for everyone
Margin debt at all time hight.....
hmmm....media is pointing to longs.
Wrong! Shorts galore, hence the 'wall of worry' aka short squeeze. Each jump up in an index like the SPY, which jumps 30-40 cents in a minute is stops being blasted like Tyler says....
you cant short in a cash account.
4 years ago i would say this was a 'short squeeze' but today i think that the fed/banks use the 'most shorted' stocks to pump the market. they are the cheapest stocks and they get the biggest bang by pumping them higher versus already high stocks.........this is a fed rally.
Flying over the cuckoo nest ... this is awesome.
Scotty, Warp factor 10.
I am contemplating a short position here but want to see another stop run past SPY 162. Took oil, gold & silver profits today. All that remains is my yellow dog NEM which will I fear be on the porch for a long time...
Turned in TNA for TZA...
We'll see if the ol'
"Sell in May n go away.."
Holds true..(again)..
Wish me luck..
Peace
(the World needs it..)
No problem, we'll help you miss the next 8000 points too.
how do you short $85 Billion a month direct...and another $100 Billion rehypo'd money? Never mind...gov guarantees.