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How To Manufacture A Record High Stock Market Close On A Friday Afternoon
Presented with little comment aside to note, amid a quiet day with non-equity markets showing extremely volatile movements, it was decided by a great majority that (following 90 minutes of momentum ignition efforts) all protection should be lifted and VIX was smashed to its lowest level in a month...
this was going on right before... algos running the show to try and build the momentum... just keep pushing and reversing to take out stops...
then this...
'Normal'
'Natural'
'Nothing unusual here at all'
Charts: Bloomberg
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"Cheap Jam"....My new album
when reality meets the model, it will be an awesome epic fail
(insipid meme inferences intended)
Was a pleasant surprise to see such a discount on the Dow this morning.
What's a stock market?
Its Orwellian double speak for HFT Rigged Wall Street Casino.
wow.. I just realized that I am only human and that the inhuman PTB control the universe..
I still cannot help but fear the invisible fister.
Zerohedge is a culture of doom and pessimism. It's depressing to watch Zerohedgers lose money month after month while the stock market is making new highs. It's even more depressing to hear about the living hell that ZHers foresee for humanity, and to imagine the nightmare that doomer preppers live day and night. Sadly, I doubt that nerdy ZHers will ever admit that the economy is growing, no matter how obvious the green shoots become.
How fortunate for you that you don't have to live in the real world, where we do, and watch more and more friends and family have to ask the All-Powerful Government for a handout in order to eat.
Two things....
1) MDB got 15 upticks (+1 self pat on the back), so the CNBS lovers must have a secret fetish with ZH with all the lurking going on.
2) The bankers had yet another positive trading day. Must....bat....1.000!!
of what green shoots do you speak? are you referring to the confidence the people are exuding because no one went to jail for the greatest train robbery in history? the 50 million on food stamps? the ex students in debt for a trillion dollars living in the basement of their parent's houses? the 3d printers, robots and drones waiting to consume what's left of our pathetic souls? the fake acting at sandy hook and boston? the buffed out psycho cops and homeland security zombies terrorizing our neighborhoods? the zionist lizards running our government and mass media? what about the thousands of foreclosed houses being held off the market and the 60% of mortages underwater in, say, las vegas as permits fly off the shelves of the building department and house price appreciate by 30% in the last year? if housing prices are appreciating, why is that called a growing economy as opposed to the inflation it obviously is? and the people being forced to rent because they are being outbid by the free cash "borrowed" from that casino called wallstreet? read mike whitney's work at counterpunch. the only green i see in this economy is the mold and fungus growing on this rotting carcass called america.
Perfectly normal price action.
If ZH is going to keep beating the drum, that this is anything other than completely understandable movement in a financial apparatus of indisputable honesty and fairness, I may have to go back to Fox to get the real inside track on the true path to financial security.
Sigh. None of this crap is the least bit surprising anymore. Pass the port it's Friday.
Good one MDB - like throwing red meat to the angry bearish ZH'ers...luckily you n I know that debt is wealth and we are awash in wealth. Poor ZH'ers don't get that economic growth of 2% based on wealth* creation of 50% annually of GDP on unfunded liabilities is good.** In this way we liquify the worlds economy with our gift of the dollar global reserve. What a gift to be the reserve currency and the worlds reserve police force all in one.*** Fuck yeah Merica!!!****
*wealth =debt
**debt=wealth
***power=wealth=debt
****power=reality is what we say it is=money is what we say it is
"Million Dollar limp dic" A 'Yellen' away, needs moar hidden inflation, disguised as QE.
good to see you back in form, MDB
Here I thought you'd up and left us for doomier pastures!
It'd be cool if you could expand your repertoire, though, as you're getting kinda stale.
kthxbye
"It's depressing to watch Zerohedgers lose money month after month while the stock market is making new highs."
I haven't lost a dime...never went into the casino.
Basic, plain and simple: FUCK YOU MDB
Mr Half empty half full,
You are correct in many respects, the economy will grow but the inflation will grow faster.
As for higher prices of commodities, mining is in trouble but not soft. The reason they have been moving up is partly because of the yardstick to measure those (dollar) and a lot more about the emerging world accessing technology. This will not reverse, it si great news for them and that is why they will consumer more food, shelter, energy. It was great for the West to be the only small group to consume (have high standard of living), now thanks to technology and literacy rate booming, people in the West are not the only one to compete for high living of standards (i.e. high consumption of energy, and of resources in general).
If you go in the Philippines or Burma or Africa or Laos and ask them : "What do you think about the crisis" They will answer "What crisis, we are so much better off than 20 years ago, before we could not afford meat, now we have chicken or pork 3 times a week and once a week we can even afford beef or fish! Those are wonderful times."
The West has misdiagnosed the situation as 1930s copy-cat and they have it completely wrong.
And btw the stock market and the economy are two different things, and there is nothing wrong about this.
Doom and gloom? You were advised to buy stocks yesterday!
It is making you sad? It makes me sad as well. Sad because everyone who I talk with says: "But my 401K is up." If they have a job they've managed to hold onto, they are completely oblivious to the signs and symptoms of a failing economy. Even in spite of the numerous unemployment, the closed businesses, the desperation of city council members to find the cash to replace stolen cooper wire from street lights (one street has been dark for 6 months).
But, it's a segmentational anomaly. They have been chosen to be the last to be screwed. We'll watch this bubble burst and never hear from people like you again. They, those who said "you read too much on the internet." will suddenly take a look around and realize they are backed up into a corner. The 7 stages of grief will leave them useless until it is too late to make a fuss.
Deflate and buy - The way to conquer a nation.
How's HerbaLife these days?
New world this that we live in...where up is down...down is up...right is wrong...wrong is right...freedom is slavery...slavery is freedom...we as humans have to be forward thinking...and looking forward we ARE headed to massive problems without correcting our trajectory...every action has a reaction...most ZH'ers feel the actions thus far will have a negative reaction...based on critical thinking...QUESTION EVERYTHING!...
I recently read a novel about the Ca. gold rush. San Francisco had casino/brothels that specialized in cheating their suckers. What I found interesting was many of the "players" knew it was a crooked game. But, they were so desperate for action, they still played, trying to bet with the house that controlled the game.
This is new the new us equity market. "Smart guys," like you, are always right. Right up until the moment that the "game" comes crashing down.
Your "culture" is one of lying, cheating, and bitches that deserve the same as bernanke. I would give a year of my life to see that little thief drop dead. You, too.
I just looked up 2013 meaning of the "stock market". says : a place or environment where the bears keep shorting, but it keeps NOT working. LOL. => SPX CHART ON WEEKLY IS ON FIRE.
They will lose control at some point. Or their ineluctible PhD logic will cause them to make some kind of mistake. Just look at what happened in 2008. They knew or should have known the shit was hitting the fan and yet money supply was allowed to fall precipitously. They are not infallible. But they do have gigantic capabilities due to that printing press.
I was surprised when I heard my trade confirmation sound at 315 exactly that my order at 15.00 on June VIX futures had been filled. Refilling that which I had bought aT 14.90 and sold north of 15 earlier. I will buy it all day long below 15 as long as there are at least 4 weeks left and when the boom is eventually lowered I will be there.
I see 2008 as more of a controlled collapse, as it was a takedown event in order to give them some more breathing room (kinda like now).
Frankly nothing would surprise me any more.
Exactly. There is no free market. The coming collapse has been planned for a long time, and it will arrive when "the elite" want it to, not a moment before.
sorry for the repeat post...........
doncha feel like rising VIX is just a giant set up so it doesn't look as obvious as a ramp job?....even though it is.
The massive and incredible short ban that is in play does not even have the decency to give back 2 ES points anymore......smells like desperation but is probably a giant planned reckoning by TPTB. All shorts or attempts to short are being systematically crushed, and I mean hard, no prisoners type crushing, and they have plenty of bennie ammo left and are making it known.
It is a planned and organized genocide on dissenters, "markets" be damned! They are dropping napalm buy orders, stop runs, etc and jamming up the ass of any sellers.
PS - no POMO Monday
to clear out everyone before "The Collaborators" drop the BOMB...that WILL happen...
I could do wonders with unlimited taxpayer money.
They have proven they CAN defy gravity!!!
I have been evixorated.
Devixified.
Asvixiated!
Vixtory!
'VIX is for kids' used to post here
When the burning, itching and soreness of markets flare up, VIX - Medicated Pads
give you soothing, cooling relief....on contact. For market flare-ups, get VIX Medicated Pads. From Parke-Davis*
*Use as directed. For temporary relief.
lol.. and he probably got killed in the scam
but serioulsy.. if you have any irritated topical soft tissue..
oral, nasal, anal.. whatever..
I might suggest you man up and douse it with rubbing alcohol.
gasoline might work, too.. a bernz-o-matic wii enhace the effect
I bought some vix for a lot...I sold it for a little. No rhyme or smart catchy name, but obviously I'm not real bright since I bought the fucking thing in the first place. I don't buy it anymore and feel smarter.
BTW - do think it may be helpful if ZH would open the "Tyler Durden school for ZH'ers who don't invest good"...
That's Yen Cross' dept.
Crucivix'd
Can not remember if I said that before. SHORT TREASURIES BITCHEZ!
you do realize that if japan were to starting melting down fukushima style in the next 6 months.....the world would be running back to the arms of uncle sam and his amazing technidollar dreamcoat....................
I realize the 'serial junker', (not to be confused with that european ECB technocrat) has no fucking clue what Fukishima is.
.................should read" to start melting down"...i SWEAR I IS A ENGLISH TALKING PERSON!!...............
lol Shoot me a copy> " Friday Humor". Have a good W/E :)
you DO have a minor point there....!!
It is GOOD to be least worst!!! The last domino!!!
Was in canadian boonies fishing with Dad and he said you know there are bears around. I said yeah, I'll run if I see one in camp. Dad said, silly boy, bears can run up to 35mph through the woods, you can't outrun the bear.
Yes Dad, but I can outrun you.
I never said to short the dollar!!! And I have short JGBs to hedge my short TSYs
Well, I am going to repeat myself. Money printing as properly described by Fullarton has the following effects.
1. Repress interest rates (that would work even if we had a bullion system with a huge gold meteorite falling in greeland in 1973.
2. Move the land price up
3. Move the price of all securities up
4. Finally it moves in the real economy.
So, the first country which sees rates going up really disorderly is the first who sees
a. End of printing AND/OR seeing inflation starting first.
For Japan to see inflation it either have to fall into hyperinflation (but then all sovereing debt become dubious very quickly).
Note that on April 5th when JGBs were limit down, the USTs were going higher in yield not lower, it is only on the 12th when Gold was down so much when JGBs were again limit down that TSYs rallied.
So I think that the reason the TSYs yield move higher is because the US printed first and stop printing first. As for JGBs they will crack later when the accumulated printing really start its effects. But anyway if I am wrong, at least I am hedged.
If we have a conflict I am screwed, because all countries in conflict will not want anymore a smooth transition to inflate away and let the inflation and long bond yield rise in an orderly way (that is interset rates rise nominally slowly but still lag nominal inflation).
If we have a conflict history shows that in the 40s US was very efficient at repressing yield despite inflation and same thing for China in late 30s.
BUt in that case precious metals and commodities are going to go to the moon not because of demand but supply shock and people moving to inflation asset "en masse".
Hokey Shtick
TD I am glad you are around to show the farce these 'markets' have become
It is nice to have these litte end of the day wrap ups to show the blatant manipulation goin' on. Thanks Tyler.
Make no mistake about it, these last two sessions were ugly...neverminding the closing index levels. Ugly back and forth trading in most things I follow. Thin trade.
Now...back to BlowHorn cheerleading, and Maria Bartiromo's recent fit of curiosity regarding Average Joe's complete lack of interest in US markets. Hmmm? Why ever would that be...???
I am Jack's complete lack of interest in fraudulent rigged casinos.
Why is this not illegal.
Oh.
Just to be a contrarian dickhead, (eh Otto?), why should it be illegal?
Everyone knows the house odds of casino's are stacked against them, but yet, they still head down and drop the house note and no one complains.
Why shouldn't stupid ass folks have the same chance to lose their shirts in the casino called Wall Street?
;0)
Tyler,
I got 4/11 a tad lower..
Just a normal functioning "market". < sarc off > The Yen move has not been completely digested folks, Sunday evening futures will be interesting...
It's not a market, it's a crime scene.
Indeed, it is just that.
Dude, it is nice out. You have to book a profit for the day before you go out to your mansion in the Hamptons.
The chopper's blade musses my hair on the pier, but my stylist flies out with me, so it's kool....
Now I try not to complain because clearly moaning about the market going up is pointless and probably implies you are short and wrong.
BUT how the fuck is this 12.5% vol environment???
you are right. play this trend all the way, with a couple, two-three OTM levered vix calls for the "EVENT"
Gotta love the [shadow/wodahs] side of trading. not
Even an atheist can appreciate when Jesus threw the money changers out of the temple. A lesson for the masses.
Not one of them noticed. Take it to the bank ... oh ... wait ...
Bah....what's he done since since he threw out a couple guys changing a few sheckels?
Well, he died on the cross, rose from the dead and has yet to be seen again.
Yeah, but who cares what a bunch of religious freaks think?
communism rocks.
communists WISH they could run shit the way ben does........................ben is killing it........................
What makes you think that he and his masters aren't promoting Communism?
After all, he's doing everything in his power to transfer ownership of ALL factors of production into the hands of the state and it's cronies.
Bernanke IS a Communist! And so is ANYONE who follows or rides his back.....
Just getting flat for the weekend, no bigs
Very Smart decision my friend. +1
this just means Monday will be a big down day and they know it
Even the sheeple are laughing at them now....
Sheeple don't know what country they live in, or how to find it on a map, much less what the S&P or VIX are doing.
I think you guys vastly underestimate the average guy.
False flags, stock market ramp, civil liberties being raped...people are catching on
If only you were correct.......,
But, you are not.
If only you were correct.......,
But, you are not.
Go watch one of Mark Dice's videos where he tries to sell a gold/silver coin either at/near face value or for free to the average person on the streets of Cali.
Almost no one takes up his offer! #sheeple
http://www.youtube.com/watch?v=ndshbH3qZ6Y
You do realize that nobody lives in a "country," don't you?
Political abstractions only exist in your mind. They're like fan clubs for organized crime.
B,
that's ACTUALLY true...when Cramer says, "there is something odd going on"...we have TOPPED
Do they really think people are falling for this crap? Idiots are too freaking stupid to even let the market have two down days in a row.
Doc, yer giving the derps/serfs too much credit. Their idea of a market is "Wall Mart"...
Too stupid? Or too scared?
Stupid for $500 Alex? or Sheeple for $1000 Alex? "can't make up my mind"...
I suppose it comes down to who's programing the algo.
Doc you find the Yen/UST selloff thesis I put forth to have any credibility? I have no doubt about it. What really hammers it home for me was Trading Places. While everyone was scrambling today to understand why UST's were selling off, Randolph and Mortimer were just settling another $1 bet behind the curtain and taking us all for a ride.
You think Ben and Jamie will wind up like Randolph and Mortimer at the end of this grand story????
"Mortimer.....WE'RE BACK!"
doc they may not be falling for it...but they sure as hell are loving it.......every dollar increase on their online 401k account is a rushhhhhhh...............................no matter how..........as long as they feel the rushhhhhh................................
Kito check out my conversation with Doc in the Bigg Gross thread. You may find it interesting.
Ok first I'm going to head over to the coffee shop, then stop by my igloo to feed my puffles.....see you in a few.....
Aahhhh... The mad junker... Relative to the mad hatter, no doubt...
Get a chelator for that mercury poisoning, 'bro..
Actual comment from CNN Disqus: "YUUUUP! Thank god there are NO Bush B1tches in the rose garden during this awesome economic upward trend! GOD BLESS AMERICA GOD BLESS OUR UNIFORMED TROOPS and GOD BLESS OBAMA!"
Is it any wonder the casino is rockin' when it is full of idiots like that?
"Now things was really gettin' goin'. Boilin' up and a' blisterin'... "
I'd really love to see how many of the last 1000 days the top headline during US trading hours on Bloomberg has been "US Stocks Advance on Economic Optimism Amid Stimulus" or some variation thereof. And during Asian trading hours it's "Japanese Stocks Advance on Economic Optimism amid BOJ Stimulus". It's as even Bloomberg is tacitly acknowledging there is really nothing else to report and no other basis for this rally. And they even maintain the headline when stocks begin dropping in the first half hour of opening as if they have no doubt that everything will close green by the afternoon.
"Stocks Advance On Algo-Generated VIX Compression"---The Onion
Obviously, a spoof
I had a dream this week that the headline for the day was, "America's economic collapse - better than expected!" Not joking. Think it might be time to unplug for awhile.
Yes. And they will pay dearly (each and every one of them) for deceiving the common man....
Studying criminal activity for extended periods makes one F'n crazy.
Bernanke's speech today was mind-numbing.
The Sophistry, the culd-de-sac conclusions, the equivocating banter, the sheer mumbo-jumbo'ness of it had to leave every trader and algo robot realizing that Bernanke either:
"stick to the script, or else".........a recurring untraceable text mysteriously received by the man before every scheduled utterance....at least that is how my screenplay reads
2
My bet is on door #1. He's not Satan; just ignorant.
No pomo day monday. Should be a down day for sure.
I'm already short and hoping the SPX is screwed on monday. Wish me luck :-)
Bang Dae-Ho (bitchez)
Buzz Meister, did you catch my reply Re; yen trade?
not yet, but i will go look. :)
Full disclosure for the forum.
[IMG]http://imageshack.us/a/img59/8850/uj59.png[/IMG]
read it. nice trade.
The trade is going to get squeezed hard.(notice how low I set my trailing stop) I took 1/2 profit before the N.Y. close.
That means lower bond yields, based on this no-mans-land (exasperational exuberance)
Hang in there Yen this is the big one.
I'm trying. At least I don't speak in loud whispers. ;-) like Willie Gross.
They sure have a lot of fingers in a lot of holes in the dike. Soon they are going to have to use thier dicks in the hole that is Japan. hujel
Ha, ha. The penises of the boys on Wall St. resemble more of a clitorus (under the hood, wink, wink) than a cock, for sure...
What program is used to generate those charts? Anyone knows?
I believe the Fed just uses photoshop and stuff like that.
What a wonderful day
OT Because I don't give a fuck about the ridiculous DOW 30 made up of hamburger joints.
MCD McDonald's Corp 100.20 +0.51 +0.51% 5,019,875 +13.59%Maguire - Stunning 40+ Tons Of Gold Bought On Price Dip
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/5/10_Maguire_-_Stunning_40+_Tons_Of_Gold_Bought_On_Price_Dip.html
I could bitch about it, but I won't right now. I'm officially 100% divested of all casino holdings. I could be wrong, but I don't much care either way. You see, I've found a way to be at peace with the whole fucking game. All I need to tell you my friend is that physical assets are real. They are as real as the first breath you took and the first thing your new eyes ever saw. Things of a physical nature can only be taken by physical force, and I'll take my own chances as I see them. I still find it interesting that folks don't seem to understand the value of HAVING something, nor do they understand the peace of mind that comes with owning something of actual value that they aren't 'paying on'. It's a sick twisted bitch of a derivative world out there - be careful, and FFS, make sure you keep enough dry powder for these extraordinary opportunities to acquire unencumbered PHYSICAL wealth.
Right on and add productive land, production skills and a protective network.
Q. Are you a salesman?
Ans.Riiiiight.
...And all made possible and riskfree by the Great Daddy Bernanke PUT!
I'm not sure if I can take much more of this.
What kind of sick mind does is take to manipulate these markets?
I'll admit that I am pathological in many ways, but compared to these guys I'm a saint.
It just doesn't make any sense.
While we all complain about how the stock market is rigged and is a huge ponzi scheme...which it is of course!...keep in mind that if they were NOT doing all this massaging pension funds, retirees, etc etc. would be up the crapper and then watch out below as 80% of the population goes on food stamps. Naturally we are only postponing the inevitable.
Unfortunately, rationalizing it does not make it right. What is right and True will eventually shine through and take all of those who tried to suppress it straight to Hades....
Friday night JAZZ
http://www.youtube.com/watch?v=H3ExMyZa9VY
off topic:
new ultrafast news search engine - try it out: http://www.tersee.com
-- looking for beta testers
I hear a dog barking.
It might all be deja' vu all over again.
On August 29, 1929, the Dow was at 376.
On October 29, 1929, the Dow was at 230.
On February 27, 1933, the Dow was at 50.
http://www.davemanuel.com/where-did-the-djia-nasdaq-sp500-trade-on.php
During the summer of 1932, the Bonus Army descended upon Washington and camped out for six weeks or so to campaign for their veteran's benefits, then General MacArthur, along with Eisenhower and Patton, drove them out. Herbert Hoover was not going to be re-elected.
Roosevelt was elected, Social Security became a safety net for those who couldn't work anymore before they died, now, any good Republican is first in line at the Social Security office trying to bilk the social security system for all it's got.
We see the same movement in the gold and silver prices. Although they could be considered mirror images as the free market tends to push the prices up and the cartel knocks them down in an identical cyclical rythym.
All in a half second's trading https://www.youtube.com/watch?v=rB5jJuMP84E
According to Bank of America Merrill Lynch:
http://fs1.hidemyass.com/download/h8Cqx/1s3nkvl62fipb7krsefh0bajr1
Easy Fed policy: too much of a good thing
The costs of easy Fed policy
Fed policy is aimed at stimulating economic activity, which involves incentivizing households, businesses and investors to take more risk. Investors have obliged, resulting in low rates, tight credit and mortgage spreads, and new all-time highs for major stock indices. But some worry the Fed is causing a dangerous search for yield that could lead to new asset bubbles and financial instability. Our assessment is that Fed policy has not led to an increase in systemic risk.
Risk-taking is good; systemic risk is bad
This piece provides a guide for monitoring financial stability and the linkages between asset markets, financial institutions and the real economy. We believe the ultimate question is whether the Fed’s policies have increased systemic risk.
This depends on the following, which we address in the note:
- Do market valuations appear overstretched and are there signs of asset
bubbles forming?
- Is there an increase in leverage in the market or an overreliance on short term funding? Would systemically important institutions be at risk of failure?
- How are the beneficiaries of easy credit using the proceeds? Are they using debt to fund risky investments, buy homes they can't afford or go on a consumption spree? Or is issuance going toward improving their balance sheets and lowering their vulnerably to the eventual rise in interest rates?
Risk transfer underway, but systemic concerns muted
We argue that Fed policies have encouraged a transfer of risk from borrowers (indebted households and corporations) to creditors (investors) who are willing to accept lower risk premiums. Increased real money participation in credit markets mitigates the systemic implications of this risk transfer. Corporate and household balance sheets are healthier, thanks in part to easy Fed policy, but signs of increased appetite for leverage in the corporate sector bear close monitoring.
Fed to stay the course
Our survey of financial conditions and systemic risk supports our base case that the Fed will maintain its asset purchase program at the current pace of $85bn/month through March 2014, followed by a 6-8 month tapering period.
QE will limit the upside in yields
The potential for a sizable rise in yields will be limited if the Fed maintains QE well into next year as we expect. We forecast a gradual rise in 10y rates by year-end.
Take your Socialist horseshit somewhere else! And move there by the way. No room for any more 'non-Americans' in America any more...
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