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18 Out Of 18

Tyler Durden's picture




 

Just another "Tepper" Tuesday...

For 18 Tuesdays in a row, The Dow Jones Industrial Average has closed green (on average +0.42%)

 

The S&P 500 has managed 15 of the last 17 green closes...

 

but has managed to gaisn on average 0.45% every Tuesday...

 

accounting for more S&P points than all the rest of the days of the week combined!!

Summing it all up - from January 25th, the S&P 500 is up 9.8%; without Tuesdays, it is unchanged...

Charts: Bloomberg

 

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Tue, 05/14/2013 - 18:44 | 3562522 Pairadimes
Pairadimes's picture

I'm sure this is normal. Nothing to worry about.

Tue, 05/14/2013 - 18:55 | 3562562 EmmittFitzhume
EmmittFitzhume's picture

What the hell did they pick Tuesdays for?  

Tue, 05/14/2013 - 19:05 | 3562595 espirit
espirit's picture

Mondays off to gym out the blow, ditch the hookers, and figure out how to retrieve their cars.

For the married ones, find the blow & hookers.

Tue, 05/14/2013 - 19:10 | 3562612 SHEEPFUKKER
SHEEPFUKKER's picture

HFT rats will start frontrunning Tuesdays and turn the next 100 Mondays into green days. Ah, fukk it, just have all days be green days.  Oh wait......

Tue, 05/14/2013 - 19:10 | 3562613 Lukacko
Lukacko's picture

The machine the algo runs on is actually just an automatic irrigation drip system timer.

Tue, 05/14/2013 - 20:22 | 3562818 Stoploss
Stoploss's picture

Because Wimpy runs the FED?

Tue, 05/14/2013 - 21:37 | 3563046 Dyhana
Dyhana's picture

My theory.... "The Hill" is basically on a Tuesday thru Thursday work week for the most part, so everyone else falls in line with their schedule. They need to start making money Tues. morning with insider trading and cash out on Thursday before the Lear jet/limo leaves for home. Ever notice how quiet Friday's are?

Tue, 05/14/2013 - 18:56 | 3562576 Cdad
Cdad's picture

What it truly is....is "contrived."  Not even trying to hide it anymore.

Did anyone check to see if Edward Tittman was green today?

Tue, 05/14/2013 - 19:06 | 3562598 Dr Benway
Dr Benway's picture

This is the arrogance that comes from always getting away with it. Since they are untouchable they might as well perform the fraud blatantly.

Exactly the same story in Australia, the criminals have had no deterrence for so long they have lost all natural fear. Check out my updated presentation:

http://s1144.photobucket.com/user/_DrBenway/library/The%20Great%20Austra...

Or for chronological updates:

http://s1144.photobucket.com/user/_DrBenway/library/?sort=6&page=1

Tue, 05/14/2013 - 21:38 | 3563055 Dyhana
Dyhana's picture

Like coyotes, no fear.

Tue, 05/14/2013 - 19:11 | 3562616 yogibear
yogibear's picture

The NY Fed even brags about it.

Anyone having access to Fed QE money, just take all your personal money throw it into your company stock, then take the Fed's QE money and keep bidding up the the price. Once the stock is insanely over priced sell out and short, then drive it down. Cover the short. 

Rinse and repeat with all the QE money. Don't worry about loosing any QE funds. The Fed will look the other way.

Criminal behavior is the New normal. 

Eric the Place holder already said he won't  go after the too big to jail boys.

Tue, 05/14/2013 - 19:39 | 3562700 Scro
Scro's picture

Monday looks sad :(

Tue, 05/14/2013 - 21:21 | 3562993 southerncomfort
southerncomfort's picture

according to this chart, you buy on Monday, sell on Tuesday - and take rest of the week off.

Tue, 05/14/2013 - 18:45 | 3562523 Dealer
Dealer's picture

Dumb luck

Tue, 05/14/2013 - 18:45 | 3562524 PingaYourFace
PingaYourFace's picture

Don't cry, just buy.

Tue, 05/14/2013 - 18:45 | 3562526 Seasmoke
Seasmoke's picture

Tiger Woods is jealous.

Tue, 05/14/2013 - 18:46 | 3562528 Shizzmoney
Shizzmoney's picture

How am I not betting this?

Oh I forgot.....I don't have a money printer!

Tue, 05/14/2013 - 18:46 | 3562531 underman
underman's picture

green tie tuesday!

Tue, 05/14/2013 - 18:46 | 3562532 no life
no life's picture

Deploy the Tepper!!

Tue, 05/14/2013 - 18:48 | 3562536 tradertim
tradertim's picture

Now that everyone is aware of 'Rally-Tuesday', it probably won't work anymore.

I say we move it to Wednesday begining next week, to throw everyone off.

Tue, 05/14/2013 - 18:48 | 3562539 Lost Wages
Lost Wages's picture

I'll gladly pay you Tuesday for a hamburger today.

Tue, 05/14/2013 - 18:57 | 3562548 razorthin
razorthin's picture

Fuck off bankstas

Tue, 05/14/2013 - 18:59 | 3562582 razorthin
razorthin's picture

See you on the limit down near you.

Tue, 05/14/2013 - 18:50 | 3562552 Lady Heather...UNCLE
Lady Heather...UNCLE's picture

I should buy it next Tuesday. I am 'a cooler' and my entry should see the index down

Tue, 05/14/2013 - 18:53 | 3562565 Panafrican Funk...
Panafrican Funktron Robot's picture

Jump back in around 2:30 Thursday.  5.5 billion in POMO Friday going into opex.  

Tue, 05/14/2013 - 19:02 | 3562584 Fuku Ben
Fuku Ben's picture

If this was run as legitimately as a casino they would close down the game and throw them out

Tue, 05/14/2013 - 19:00 | 3562585 khakuda
khakuda's picture

It's all great until this happens:

http://www.youtube.com/watch?v=-DT7bX-B1Mg

Tue, 05/14/2013 - 20:00 | 3562754 WAMO556
WAMO556's picture

Now that is just plain ol funny!

Your going to hell for that one!

Tue, 05/14/2013 - 19:12 | 3562610 GrinandBearit
GrinandBearit's picture

With POMO's almost everyday this month... how could you lose?

Just buy at 10am, sell at EOD... especially on Tuesday's... easy money.

Phony market?... totally, but why not get some while the getting is good?

From 2003-2006, Monday used to be the rocket ship of green candles... remember those days?  I believe it was called "M&A Monday".

Tue, 05/14/2013 - 19:11 | 3562619 MetalFillBoy
MetalFillBoy's picture

Big negative money flow for a big up day.

 

http://online.wsj.com/mdc/public/page/2_3022-mfsctrscan-moneyflow-20130514.html?mod=mdc_pastcalendar

 

Remember. . . . Elephants can't move around without leaving some foot prints . . .

 

MFB

Tue, 05/14/2013 - 19:36 | 3562696 walküre
walküre's picture

So basically we're looking straight at a mirage of some sort. The "market" is a Potemkin Village. Some group paints the tape any color they want. Their favorite color being green. Selling and outflow happening behind the scene but the idiot muppet who wanes himself/herself safe is being lied to.

They've taken the rigged game to a whole new level. Everyone except the house is losing although they're looking at winning numbers.

Genius.

Tue, 05/14/2013 - 19:52 | 3562736 W T F II
W T F II's picture

You should cease and desist from ruining this distribution top for the Ages....SHHhhhhhhh.....

Tue, 05/14/2013 - 19:27 | 3562663 Downtoolong
Downtoolong's picture

Dow 20,000 is just around the corner. Here's the catch. The probability that you will be trading in a free and fair market tomorrow is apparently less than the probability the sun will blow up.

Tue, 05/14/2013 - 19:27 | 3562666 q99x2
q99x2's picture

Speaking of 18. I must have looked up the huenta virus or something. I keep getting luekemia ads. I'm going to try searching 18 year old teens on google and see if that makes a difference.

Tue, 05/14/2013 - 19:27 | 3562667 walküre
walküre's picture

How do the TBTF banks have 100% positive "trading" days in this environment?

Are they trading or are they buying & holding? If they're trading, they must be selling and buying and stealing from someone else. Who is on the other side of their trades? There are no muppets left at this stage. The muppets are holding.

Tue, 05/14/2013 - 19:29 | 3562677 Cacete de Ouro
Cacete de Ouro's picture

Eugene Fama was born on February 14 1939 which was a Tuesday.

So which is the anomoly, the Tuesday or Eugene Fama? Figure that one out....

Tue, 05/14/2013 - 19:49 | 3562724 thismarketisrigged
thismarketisrigged's picture

FUCK YOU TEPPER YOU FUCKING BASTARD.

Tue, 05/14/2013 - 19:53 | 3562738 W T F II
W T F II's picture

Hey, at least he ain't good lookin'....no amount of cash will fix that....!!

Tue, 05/14/2013 - 20:44 | 3562877 Law97
Law97's picture

And we all know women go for good looking men; money has nothing to do with it ...

Tue, 05/14/2013 - 19:58 | 3562745 q99x2
q99x2's picture

Whys that Bernanke have to beat around the bush at his meetings. He should just come out and say that he is going to buy into the markets on Tuesdays when he has those meetings.

My ZH advertisement experiment failed but I'm now very encourged to keep trying.

Tue, 05/14/2013 - 20:08 | 3562763 chump666
chump666's picture

While liquidity tightening in South America, China and most of Asia sans Japan.  US stocks continue the money pump run.  It will be glorious when this self destructs.  Pandemonium will ensure.  

South America bellwether Argentina:

The dollar-denominated 2017 Bonar bond slid 1.6% in price terms to ARS692.00, while the peso-denominated discount bond lost 3.2% in price terms to close at ARS143.10.

China bellwether Australia:

AUD/USD @ 0.9877 broad USD strength.  Negatively impacted by commodity falls and knee-jerk selling after Aus budget

FTW

Tue, 05/14/2013 - 20:08 | 3562777 Caviar Emptor
Caviar Emptor's picture

They can't stop. The whole Hilsenrath "QE-Taper" story is just so that the Fed has some plausible deniability, some cover against the "hawks". 

They can never take the punch bowl away in what Bernanke himself describes as a fragile economy. That would be like kicking out the plug on grannie's respirator. 

Tue, 05/14/2013 - 20:27 | 3562830 NihilistZero
NihilistZero's picture

No, they know the bowl must be pulled eventually, lest a REAL financial armageddon.  Now it may be just in time for some form of global conflict but pull it (or replace the currency sytem) they will.  Think of it this way, we all know these crooked cocksuckers control the world, why would they destroy what they own?  This is why A Brave New World has always been a more realistic depiction of Dystopia than 1984.

Wed, 05/15/2013 - 00:21 | 3563602 chump666
chump666's picture

"That would be like kicking out the plug on grannie's respirator. "

I shouldn't laugh,  but that was funny.

What will happen is the patient will overdose and die.  If you were a Wall Street gambler, you would now somewhat be sweating.  Why?  We got bond buying and huge USD buying out of Asia and South AmericaIt's a stock bubble  yes it feels like a forever rally - but beyond the scope of America's inability to look beyond it's borders - the world is f*cked inside and out.  But with stupid humans at the helm (central banks), sh*t will fly...eventually.

Also we are running the 1987 point for point stock rally.  Just saying...

Tue, 05/14/2013 - 20:14 | 3562793 Yen Cross
Yen Cross's picture

      WTF is going to happen when Q-2 earnings come out, with higher interest rates and a stronger dollar?

    Guidance will be nilch, and the MSM will spin some crazy idea to justify the reported earnings as Capex costs or some fucking solar anomaly!

Tue, 05/14/2013 - 20:32 | 3562841 Osmium
Osmium's picture

My guess is they will beat lowered estimates and the markets will cheer.

Tue, 05/14/2013 - 20:15 | 3562795 Biggieshort
Biggieshort's picture

But...but...but GS says this market run is based on fudgamentals.

Tue, 05/14/2013 - 20:18 | 3562810 Tsar Pointless
Tsar Pointless's picture

If my comment didn't take earlier today on another thread, I want to apologize for making an early call for S&P 1650 to occur last Friday. I was two trading days ahead.

But we are still on target for S&P 1700 by month's end.

"Sell in May, go away" has been usurped by the Bernanke Buy Buy Buy.

Whatever. It's not like the vast majority of the Amerikkkan population is paying attention to any of this shit. Too much in the way of circuses to keep them busy.

http://www.post-gazette.com/video/?v=2381751647001

Tue, 05/14/2013 - 20:26 | 3562827 Yen Cross
Yen Cross's picture

      I drew an ES channel over the weekend on a daily chart. I looks like key resistance is in the 1664-73 area to me. If you would like me to send it over let me know.

     I think we're in for some 'June Gloom'. The ES put in a big candle today. I think we trade sideways to down into June. The MSM and POMO make the rules though.

Tue, 05/14/2013 - 22:20 | 3563218 Tsar Pointless
Tsar Pointless's picture

Ahh. Yes. Technical analysis. I seem to remember that sort of thing meaning something several years and several hundred S&P points ago.

Save the energy and bandwidth and keep your ES channel for the archaeologists.

Tue, 05/14/2013 - 22:33 | 3563252 Yen Cross
Yen Cross's picture

     I'm a sleep walker.  forgot to mention that.

Tue, 05/14/2013 - 20:45 | 3562879 JR
JR's picture

No wonder it’s a recovery for Tepper. He’s an ambulance chaser; his specialty is distressed companies. In 2009, Tepper's hedge-fund earned about $7 billion by buying distressed financial stocks in February and March alone…and $4 billion of that went into his personal fortune.

Tepper operates based on government policy; that’s how he gets along. And, because government policy has come to mean money flowing from the taxpayer to the banks, guys like Tepper need to get on the right side of the funnel in order to be showered with the incoming tsunami of money pouring in from all over the country. In short, Tepper collects on government policy.  

We don’t need to prove that Fed policy is undemocratic, that it’s unconstitutional; that it’s larceny. When there’s a horrible financial hurricane and people’s lives are uprooted, homes are destroyed, savings wiped out, small businesses lost, the man who rides in and takes advantage of that situation in order to make big money and then turns around and calls the hurricane not a problem doesn’t have to be found guilty of being an ambulance chaser. He’s an ambulance chaser. We’re at the point in these daily sagas from billionaires that we don’t have to prove who’s an insider. Cui bono?

So here’s a guy benefiting from the hurricane, giving us advice and profiting from us. And then he says the hurricane wasn’t any problem. And if this is not the case, then Tepper should state the obvious to the rest of us: The economy is terrible and I’m looking at these opportunities created by a TBTF-induced banking crisis and that’s how I make my money as an insider. He speaketh with forked tongue.

America is in the depths of a criminal crisis. She has a very, very bad economy. She has raging unemployment and underemployment. She has small businesses not knowing where to turn. She has regular corporate scandals.  She has an Obama Administration locked in three major scandals. Big scandals!

And this guy says “everything’s fine.”

Tue, 05/14/2013 - 21:19 | 3562960 khakuda
khakuda's picture

It was hard to hear him claim the market is at 13x earnings (huh? Who has $125 earnings on the S&P? More simply, he always claims the same PE, yet S&P was up 16% last year and another 16% this year and earnings are nowhere near up that amount) and then say the equity risk premium says stocks are as cheap as ever after they have gone up almost 1000 S&P points in 4 years. With rates at zero, the equity risk premium is nonsense. With financials making up a large sector of the S&P with single digit PEs from government bailouts and free money, it's hard to take Tepper seriously.

If he had made the case that stocks can go much higher due to money printing, that would at least be reasonable. Just don't give us a BS fundamental value argument when speculation runs rampant.

Wed, 05/15/2013 - 01:16 | 3563692 Golden_Rule
Golden_Rule's picture

What a fuckin man that Bernanke, lifting us up on his shoulders like the God he is.

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