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What Did The Shorts Just Figure Out?
Out of the gate and then again soon after the EU close, shorts were forced to cover this morning but in the last few minutes, the 'most shorted' names in the Russell 2000 have plunged...
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It's just the markets experiencing a brief period of lucidity... Move along now, nothing to see here...
"Markets"? LOL. I don't see any market. I see a computer game, with any number of daily gyrations or outcomes possible.
So... I'm guessing it's either a head-fake, a double head-fake, or perhaps even a triple head-fake?
Honestly, who can keep track?
Who? People with Bloomberg terminals, apparently.
Is Edward Tittman red? Is Andrew Shafter green? Answer those questions, and to you...the key to the city.
You're overthinking it... "FAKE"... [that's the operative word in your inquiry]... & basically, it's all you need to know...
Calling All Tylers,
Do you think Bloomberg Surveillance keeps track of your activities on their terminals?
They should... Then they might have some more "breaking news."
even Algos have occassional Hiccups now and then.
The funniest thing about this is that stupid ass hilsenrath article now has everyone debating the end of QE all over again. Seems like mission accomplished. If they get everyone reacting to the possibility of it happening then they get the effects of it without having to ever do it. Maybe they even lower the amount for a month or two tor drive it home. Long term they know it's only going up.
It's like gas prices. $3.75 seems low when it was previously $4 as long as you don't remember when it was $2.
"It's like gas prices. $3.75 seems low when it was previously $4 as long as you don't remember when it was $2."
~~~
It's like 'political correctness'... Once upon a time there were movies called "AIRPLANE" [by Zucker & Abrhams] that were hysterically funny because they spoofed 'June Cleaver' talking jive... Nowadays, you get censored, in the USA, [from Switzerland], in cowering fear of 'The Royal order of Waterbuffaloes & ENIGMATIC cheesepopes', because you might be guilty of a PRECRIME...
But you take it all in as copasetic...
Francis while I continue to agree with your underlying point and admire your overt way of illustrating it, for someone who seems like a true fiscal conservative you seem to have no problem spending ZH's money defending lawsuits.
Start your own blog. Let freedom ring. We will all head over there and rip each other to shreds using every ethnic and rascist clur imaginable. If anything comes of it legally we trust you can handle it.
By the way, comparing the brand of talk on here to the humor in "Airplane" is insincere and you know that.
Separate ideas so I have to take them one at a time...
~~~
Francis while I continue to agree with your underlying point and admire your overt way of illustrating it, for someone who seems like a true fiscal conservative you seem to have no problem spending ZH's money defending lawsuits...
If & when the Tylers consider francis_sawyer comments to become an economic liability for them... Then let them ban me [for whatever 'trumped up' reason they must]... At present, & since the notice, I've adhered 100% with the new guidelines... So that at this point, I can't imagine how my comments would cause any legal issues... Now ~ OTOH, if it actually goes beyond that, I'd be interested in finding out... IOW ~ I'm interested seeing just how far the power of some yodelers in Switzerland can reach in the way of stifiling free speech, not only in America, but around the globe...
Of course, I can't speak for everyone, but I can also imagine that the loyal readers [& contributers] of ZH need to have some answers as well... After all ~ they'd be wasting their time coming to a site that wasn't what they'd imagined it to be in the past, because the owners of the site decided it was in their best interests to favor a few Yodelers over their cherished clients...
You want to talk about the "money value" of ZH???... Fine... Try to imagine that 'money value', over the past 4 years, without a stadium full of commentators... I'll tell you what the value would be... About the same as buying yourself a Bloomberg Terminal... If you don't believe me... Then let's do an experiment and BAN ALL COMMENTS & you'll see what's its worth... TIME IS MONEY... & many posters, here, give their TIME for free...
Or here's a better idea... Just to give the site 'a little bit' of animation... Maybe they can put up a thread & people from all over the globe can come by & watch you & kito bat the subject back & forth...
Start your own blog. Let freedom ring. We will all head over there and rip each other to shreds using every ethnic and rascist clur imaginable. If anything comes of it legally we trust you can handle it.
I actually had my own blog for awhile & was quite successful with it... Nothing on the order of ZH, but I'd put up a single thread each day & the comment section would regularly hit 300+ comments a day [with up to 5,000 page views per day ~ within 6 months, after having started from zilch]... In the end, I GAVE IT AWAY [to two partners who were 'content providers']... Know why I left it all?... Well, first of all, the time committment became a strain... But mostly this...
I started the blog in January 2010 [still convinced, in that moment, that the markets, would adjust to face economic reality]... Over time [& especially after 'Bretton Woods' 2010]... I became convinced otherwise... In that moment, as author of my own blog, I began using the same 'sardonic' tone that the Tylers regularly use about everything... I began to have arguments with my own readers, because they didn't want to believe in that possibility... Most were 'daytraders' & 'technicians' & thought the market still made sense [many were 'Elliott Wavers' ~ which is why I'm critical to EW'ers here ~ not that I don't believe that there are valid aspects of socioeconomics ~ but because I believe that the markets, now, are HIJACKED ~ & there's not much in 'Elliot Waves' that can make up for rigged markets unless you widen the band to infinity]... Still ~ it became a bore for me to try & speak the TRUTH to people every morning who were trying to argue that the markets were functioning normally, [this was 2010]... So finally one day I said FUCK IT...
There are a million blogs out there... But nowadays I just laugh when people come over here & say 'Mish said this", or "Denninger said that", or Ritholtz bla bla... Pfffffft!... You can't get real TRUTH from anyone whose livelihood derives from owning or controlling paper assets...
Now ~ cross the spectrum 180 degrees & talk about the 'tin foil hat' sites [I guess like stormfront, which I didn't even know about until the other day, or all that shit]... Seems to me that all those sites are just full of doomsdayers who hate everything but their guns... I'm not about that either... ZH is the only place that manages to walk the tightrope... If it ever gets shut down, it's going to be because of a 'small minority' of squeaky wheels who are ACTIVE in censoring ideas & opinions, & have done so for a long time & over a vast spectrum...
This is pretty much what I've been canting about all along ~ much to the chagrin of a lot of folks around here...
By the way, comparing the brand of talk on here to the humor in "Airplane" is insincere and you know that.
I disagree with that statement 100% [but I'm not interested in debating it]...
what if thats not the case??? what if they taper and just continue to contrive numbers....like adding "promises" of pension fund contribution in lieu of actual contributions to gdp growth......the world doesnt really give a shit anymore.......everybody knows they are investing based on fiction, yet nobody really cares..........so unemployment gets to 5 percent......yet the labor pool drops to all time lows......its so easy for them to do.....and the vast majority are quite agreeable..................
Sure let's say they do that. That actually sounds very plausable. Eventually they will be releasing articles on how to eat insects as a way to fight world hunger. But those days are waaay off.
hahah...exactly....point is.....the markets just dont care anymore...they are so desperate for anything to ride upwards.....it doesnt matter if all numbers are contrived...just doesnt matter.....so ben will taper.....and then the cbs may even jump in and support the stock market at the outset to control any abrupt downward slide....buy...buy...buy.......and then the new and improved unemployment number comes out...the new and improved housing number comes out...the new and improved gdp number comes out....the new and improved inflation number comes out..all increasingly contrived...and its ALL GOOD!!!.......and stocks continue upwards..bonds normalize.....and it was done without as much "liquidity"...and ben will be right.........and american will slowly fall into darkness.....and nobody will notice because the headlines tell them differently...............will anybody care?? will anybody question????......
Kito what makes you and me possibly insane, is that we need to see confirmation in the markets. The one place where they will never let it show up.
Imagine If:
The SEC walked through and turned off all the HFT cmputers and sais all trades must be transparent - no more "Dark Pools"
The FED came out and said No More QE for 6 Months
FASB said from this day forward - Mark to Market Only - and anyone caught fudging numbers goes to jail - and then did it
This market may not stop at zero on the way down.
Good post. The part that I still don't 'get' is how printing massive quantities of new money to reward banks for bad behavior is supposed to be 'stimulative' and 'create jobs.' More recently, we're told that tapering the same mechanism would be 'stimulative' and 'create jobs.' No offense to any God forsaken bankster synarchist reading this, but the whole scheme -- tapered or not -- strikes me as rather insincere.
Bye for now. I'm off to water my garbage cans to make my garden grow.
Mechanism for reducing QE:
1. Reduce MBS purchases to $10 bln a month ($30 bln cut), citing "the housing recovery".
2. Increase treasury purchases $15 bln a month, citing "general economic weakness and continued concerns about unemployment".
Net reduction: $15 bln
Gain (for the big timers):
1. $15 bln in additional market propping.
2. "Cooling off" the "housing market" to keep the REO scheme relatively cheap.
3. An excuse to short gold even more.
On another planet, a long time ago, I remember putting a gallon of gas in a milk jug for .50 cents, then pushing the lawnmower up and down the street knocking on doors asking to cut peoples grass for $3.00.
Nobody had a problem with a kid walking to the gas station alone and putting gas into unapproved containers, then wandering around asking for grass cutting jobs.
Like I say. Different planet. Long time ago. That's why you don't see that these days.
its called shake & bake. enough said.
roulette wheel - red or black
its been black since november, reds gotta be next...not.
"Shall we play a game?"
War Games 1983
Absolute Truth. There was a time when the S&P rountinely traded in 20 - 30 point daily ranges - now a 2 - 3 point move gets everyone fired up. Sit and look at the DOW - there will be 200 trades go off and the fucking thing won't get outside of 2 points of either side of where you started watching - 29.95, -30.05, -30.13, -29-87, -30.10, and on and on ALL FUCKING DAY!! They have taken "Price Discovery" and refining there of to a hwole new level. There are no bears left to sell this POS - they have all been destroyed. ny meaningful sell off will have to be "Event Driven" IMO - soemthing that causes the market to somehow get out of the ever present control of the FED and their prop desk - and that seems highly unlikely since between them and the other minions who own them - it simply is not in their best interest. There is no money to steal from the little guy - because he has long since left the building - now it is all about front running pensions and 401K money to steal pennies.
Maybe they are running a test to see if anyone is still paying attention.
perhaps, its that day trader dude ... or a fat finger ... who knows, really who cares?
where can i find the most shorted names in the russell 2000? can anyone put up a link
beyond this idiot "bitchez" nonsense, this idicy, sheeple crap is No 2.
Move along now, nothing to see here
So what if you read here? Sheep move to different fields and eat.
Go out and find a life. Go out and learn before your comment here.
How about just go out?
BTFD.
wait... for... it...
Pretty much. Rest of the week is "turbo pomo".
Here's another piece of "I have no brain but want ot validate myself garbage"
BTFD
This educational site has been taken over by idiots.
What do you contribute to any free discussion? What kind of fool are you to simply recite BTFD? Bitchez? etc.
Does it stroke your ego between trips to Walmart? What exactly do you contibute to any discussion of our mutual plight on this planet?
shorts? rofl, there are no shorts, other than hedges. shorts, teehee..
What Did The Shorts Just Figure Out?
Life Goes On, Until It Doesn't
http://chartistfriendfrompittsburgh.blogspot.com/2013/05/life-goes-on-until-it-doesnt.html
How insightful. This is all about inexpensive entry points and managed perceptions folks, treasury yields need to stay range bound, period. In keeping with realtick's post, there is indeed something magical about the "panty removal" moment with your your entry point is confirmed...
Don't worry, the investment arms of the PD's will get the green light to "buy everything" tomorrow.
Bernanke to resign, Peter Schiff to take the helm?
Eb your usually on the button. Nobody leaves the family. Don't you watch the Sopranos?
You're right, nobody leaves da' family - or they get a ride out on the lake.
The Dobermans really went after that piece of red meat - I just couldn't resist.
Bernanke will end up at Goldman Sachs or J.P. Morgan Chase, and Schiff will still be on CNBC alternating with Marc Faber and John Browne playing foil to Steve LIESman and Bob Pastrami.
...and immediatley disband the FED.
This happens whenever the Bernank is using too much hot water. He must be in the shower. As soon as he gets out the march upward resumes.
Russel Crow was just arrested and the headline scanning algo's reacted?
Another group of suckers?
Pee break by the punge team, need to clean up after the lunch hour porn fest
Hang in there baby.
They just ran out of shorters to squeeze to 'buy' the 'market' and prop it up... no real buyers and no forced buyers either now so any real long sellers have been forced to take lower prices
It might be the other way around. The volume today is mucho mucho terrible. Maybe there was no more buying, soooo, time to start selling.
Yields are rising, treasuries must be purchased in the least expensive manner possible (when diverting funds from equities, why pay those folks on the short bus?).
That happens any time some dumbass junior trader accidently uses the word 'fundamentals' in a sentence.
Dylan Collins just woke up from his nappy.
It is going to be really difficult to close the S&P red today.
Heh. Took it in the shorts.
Plunged back to levels of a few hours ago? Interesting, but the Fed traders just need to log on and smack it back back up by next hour.
One of the guys rigging the market had to take a leak, "markets" took this news ( Via Bloomberg ) as short term bearish. Looks like he has jiggled and now just tucking in before the zipper goes back up, wash the hands and Prepare for the afternoon rally.
Double top on ES?
what happened to btfd?
This is it. Mark my words. This is the big one. Get ready to hold on for the 2% correction and have your list ready to buy.
This pig is never going down until they pull the rug out from under it. These shorts will just get reamed again.
The S&P is down 1 point.....LOL (crazy laugh)
No POMO today.
http://www.newyorkfed.org/markets/tot_operation_schedule.html
...that and treasuries yields needed to be supressed a bit. prepare to BTFD.
Did anyone see that reference to a "GOLD SCAM" with a recent article posted on Jim Sinclair's site? Something to the effect that anyone buying gold right now is getting scammed? Sinclair seemed to be supporting this view by posting it and imlying the author's credibility.
Scary.
It was up this morning and has since been taken down for some reason.
Suspicious.
Anyone know what the hell this was about? I'd email him myself and ask if I had the address.
Him, Jim Willie and Mike Baloney are probably sitting around clanging beers trying to figure out how else to fk with us.
I hear the screaming agony and panic of 2million E-Trade babies across the world right now.
sorry i didn't realize i was being that loud
You gotta let the suckers win a little once in awhile otherwise they'll lose interest and go away.
For the doubters: I just made $36 on a TZA trade, so that proves this is some serious shit ! :)
In truth, I suspect this is simply the unwinding and falling back to earth from the buy program that started at 11:30 and took us up to the next pivot in 10 straight green bars (on the 5-min chart) --and this on a trading range day with the ADX at low levels (!). The quick sine-wave whipsawing in the first hour was so severe on the Russell this morning that many traders likely left their desks by 11:00 (I made a quick run to Wal-Mart), sick of the bullshit, which allowed Mr. Buy Program to operate without challenge. And, while it's indeed shocking that the 15-min MACD just crossed negatively (oh my, Bernanke must be shitting bricks), you just gotta believe we'll be headed above the top pivot by 3:15 or so, what we're seeing now is likely the pre-cleansing while they sharpen the scalpels for the final "operation."
So sad that we can't trade these markets honestly -- Christ, I had to trail my stop every 5c just to get the $36, so afraid to take a full position after what happened this morning. In my 1.75 years of doing this, 2013 thus far has been the most un-tradable for the Russell, and I'm SO tired of it. Either plunge or shoot to 1500, but for Christ sake stop this stealth ramping, dragonfly attention span bullshit. Pretty please ?
We have acheived ze stabiliteee (in "markets", not fiat currencies)...
Saw everything you saw on the Russell today, but also I will add I saw one 3-4 point millisecond crash on the ES in the morning before the ramp to new highs. Share your fatigue, but it could be worse: you could be short TSLA.
Yikes, I hope your TSLA reference is not from personal experience.
Another annoyance this year is that, regardless of what the pundits report on a daily return basis by days of the week, only Wed's, Thur's and the Friday's with unemployment figures have been worth trading -- most Tues's, Mon's and Fri's have been either whipsawing, flat, or largely flat with a surprise 1:45 mini-move. So, my new dictum on days other than mid-week is that if I don't see the ADX above a certain level I'll either refrain from trading altogether or scalp judiciously with tiny positions, moving my stop to B/E at the first bar forward. As the saying goes, discretion is the better part of valour (or was that velour?). The best trades are always the ones you don't make.
It's not a POMO day, but the market is flat. I guess this is the new definition for a correction. I am getting tired of hearing that "stocks hit new all-time highs".
Man I miss the excitement of September 2008.
patience salvaje. we're in a storm of biblical proportions and the eye has been larger than expected...be careful what you ask for son.
The excitement is coming back, don't worry :)
BendOver Ben! You know you want too.
They didn't figure anything out. It's a rigged game. It's a small group, and we're not in it, but they are. FU, corruption is rampant, so I refuse to play until the FED, Wall ST and the government corrupticians are in jail.
So, you've retired?
The guys at the NY FED either have porno or Pomo days...or both. Keeps things simpile. I wonder if Bloomberg reporters could conduct some "surveillance" on their terminals. It will make for some pretty interesting stories...
I'm sure it was just some fat ass on a prop desk who dropped his Dough Nut and bumped his head on the sell button while he bent over to pick it up off the floor.
Like World Champion poker player Doyle Brunson said; "it's not what HE thinks you think he thinks you think, it's what YOU think he thinks you think he thinks you think...!!"
Oil and copper are following suit
Umm...that it's a great rotation...NOT?
It's my ball so i want to be captain, get the first 3 picks and play with the wind at our backs. No need to change ends at half time either or i am taking my ball away.
Tomorrow is Tuesday, they love to squeeze shorts on Tuesdays.
No POMO today I think? Bullish!
I see a guy with an Etch-A-Sketch making lines.
Just following the US Dollar - moved sharply higher last week - up again today.
http://bullandbearmash.com/chart/spot-dollar-daily-rises-sharply-falls-e...
Rising USD puts downward pressure on equities and commodities priced in USD.
HUGE MOVE!