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Dax Future Triggers Stops, Goes Parablic, Launching Late Day Megaramp

Tyler Durden's picture





 

Presented with little comment because frankly everything is now full retard. That is the Dax; This is the Dax on low-volume, mega levitation drugs, at 9pm on a Friday in Germany, when out of nowhere someone goes on a mega buying spree in the Dax futures, and sends global risk assets, and FX pairs, surging. Is Bernanke LBOing Germany? Or is Spain due for junk downgrade and this is the ultimate bad is good trade which sends global risk assets, and FX pairs soaring to fresh record highs across the board.

 

 

DAX takes and blasts through all-time highs..

 

DAX is now up over 14% in the last 17 trading days... (an annualized 466% rate)

 


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Fri, 05/17/2013 - 15:08 | Link to Comment RacerX
RacerX's picture

For the Fatherland.

Fri, 05/17/2013 - 15:09 | Link to Comment Divided States ...
Divided States of America's picture

How do you say a German Boner?

Fri, 05/17/2013 - 15:11 | Link to Comment ebworthen
ebworthen's picture

Bratwurst?

Fri, 05/17/2013 - 15:13 | Link to Comment Divided States ...
Divided States of America's picture

Think all the equity markets will experience how it feels to be 'bitcoined' in the ass real soon.

Fri, 05/17/2013 - 15:18 | Link to Comment Say What Again
Say What Again's picture

Everyone knows that today is Opt Exp day, right?

Fri, 05/17/2013 - 15:27 | Link to Comment flacon
flacon's picture

Whaa Daa Faak?!

Look at the NASDAQ weekly for the past three years. This week it has achieved the Keynesian "escape velocity" above the upper Bollinger band":

 

http://scharts.co/14d6xcf

 

 

Fri, 05/17/2013 - 15:53 | Link to Comment SilverMaples
SilverMaples's picture

They are manipulating the technical traders to bring them all on the same side of the trade because they know that a lot of trader sheeps out there follow these signals. Once they will feel confortable enough they will just pull the plug and let them foot the bill for their next planned market collapse. Why? Because there is much more money to be made by luring the sheeples into the next pen and fleecing them altogether than running after one sheep.

Fri, 05/17/2013 - 16:14 | Link to Comment Ahmeexnal
Ahmeexnal's picture

Nice chart. An exact precursor of the hyperinflation that will soon engulf the teutonic empire and its serf states that conform the EU.

Fri, 05/17/2013 - 19:21 | Link to Comment smlbizman
smlbizman's picture

have you ever had your lawn mower run out of gas, and that last breath it takes is the highest its ever reved and than it dies?

Fri, 05/17/2013 - 16:02 | Link to Comment Headbanger
Headbanger's picture

NEIN! NEIN! NEIN! NEIN! NEIN!

http://www.youtube.com/watch?v=1MLry6Cn_D4

Zeit fur scotch, N'es pas?

Fri, 05/17/2013 - 17:27 | Link to Comment Dr Benway
Dr Benway's picture

These straightline ramps of the index happen every day in Australia. EVERY DAY. Don't believe me? Check out the ASX200, 10:00-11:00 any given day.

Fri, 05/17/2013 - 18:43 | Link to Comment rcus
rcus's picture

Its not as surprising as 10:00 is the ASX open... After a green trading day in Bernankeland its no other way but catching up

Fri, 05/17/2013 - 22:10 | Link to Comment Dr Benway
Dr Benway's picture

I'm not saying it opens higher. I'm saying in the next hour after 10:00, with zero news, the market is ramped straight up multiple times, ridiculing the concept of random walk.

The entities responsible for the ramps have an interest in higher prices, and can move prices.

Trying to encourage net inflows in stocks from pension investors, and benefiting from inflated prices to sell to these suckers.

Fri, 05/17/2013 - 15:17 | Link to Comment fonzannoon
fonzannoon's picture

Divided check out the Yen right now. I truly believe that Ust's are being sold off hard as the JGB gets taken to the woodshed. That is sending scared fixed income money scrambling right now straight into stocks. This is real interesting. If those Japanese bonds keep getting slammed UST's will as well. Now tell me how in the hell Bernak can do anything other than print moar in that environment?

 

Fri, 05/17/2013 - 15:21 | Link to Comment Divided States ...
Divided States of America's picture

Yup see this BS....though the EUR isnt tanking with it now...infuckinsane markets....i dont think there is as much liquidity out there as people think there is.

Fri, 05/17/2013 - 15:24 | Link to Comment fonzannoon
fonzannoon's picture

I am telling you Randolph and Mortimer's one dollar JGB bet behind the curtain is causing a few screws to come flying off this well oiled machine.

Fri, 05/17/2013 - 15:30 | Link to Comment negative rates
negative rates's picture

Nope, derivative of the Libor Scandal. And it won't cost anything but your pride.

Fri, 05/17/2013 - 15:31 | Link to Comment fonzannoon
fonzannoon's picture

go on....

Fri, 05/17/2013 - 15:35 | Link to Comment fonzannoon
fonzannoon's picture

dup

Fri, 05/17/2013 - 15:27 | Link to Comment Thought Processor
Thought Processor's picture

Comming off this high is gonna really suck.   How much longer we stay high is an open question though.   How long can they possibly keep the QE drugs flowing into the primary (dealer) veins?

Instability is knocking at the door methinks.

Fri, 05/17/2013 - 15:30 | Link to Comment fonzannoon
fonzannoon's picture

If we go where this seems to be going you ain't seen nothin yet with QE.

Fri, 05/17/2013 - 15:32 | Link to Comment negative rates
negative rates's picture

I heard they up graded the kerosene, should be good for a few extra minutes of buzz.

Fri, 05/17/2013 - 15:35 | Link to Comment fonzannoon
Fri, 05/17/2013 - 15:47 | Link to Comment The Final Countdown
The Final Countdown's picture

Just wow

Fri, 05/17/2013 - 17:31 | Link to Comment TheEdelman
TheEdelman's picture

good read.  we have... for now stayed clear of crisis......no inflation, equities melting up, and stronger dollar. 

gotta focus in on those premodifiers.  now just wait until soros buys back triple the GLD holdings he cut... at sheeply discounts.  At that time, he will claim it a bargain too good to pass up.  Soros is boosting his gold mining stocks for a reason. 

Fri, 05/17/2013 - 15:48 | Link to Comment Thought Processor
Thought Processor's picture

I agree.   We're going parabolic.  And the rotation / slosh volatility will be epic.

Should be fun to watch as it speeds up later in the year.  

Of course, they'll need to press the reset button before the ultimate peak........   

Fri, 05/17/2013 - 15:14 | Link to Comment sockratte
sockratte's picture

stramm gestanden

Fri, 05/17/2013 - 15:19 | Link to Comment Being Free
Being Free's picture

Alles hat ein ende, nur die wurst hat zwei.

Fri, 05/17/2013 - 18:42 | Link to Comment Scro
Scro's picture

der wienerschnitzel

Fri, 05/17/2013 - 15:12 | Link to Comment Headbanger
Headbanger's picture

Sieg Heil??

Fri, 05/17/2013 - 15:28 | Link to Comment tickhound
tickhound's picture

No.  Steamboat Willie.  Toot toot!

Fancy schmancy, what a cinch, go fly a kite, cat got your tongue, hill of beans, betty boop...

I say can you see?  I say can you see.  I say?

http://www.youtube.com/watch?v=Jv-5flYewm8

 

Fri, 05/17/2013 - 15:13 | Link to Comment achmachat
achmachat's picture

"Latte"

Fri, 05/17/2013 - 15:15 | Link to Comment Fuh Querada
Fuh Querada's picture

ein deutscher Steifer

Sat, 05/18/2013 - 05:31 | Link to Comment Bearwagon
Bearwagon's picture

oder 'n Staender ...

Fri, 05/17/2013 - 15:35 | Link to Comment debtor of last ...
debtor of last resort's picture

Sieg Heil!

Fri, 05/17/2013 - 17:15 | Link to Comment Nussi34
Nussi34's picture

Heil Euro!

Fri, 05/17/2013 - 15:34 | Link to Comment Freddie
Freddie's picture

Boehner

Fri, 05/17/2013 - 17:29 | Link to Comment Clayton Bigsby
Clayton Bigsby's picture

Der PenisGruwen?

Fri, 05/17/2013 - 15:10 | Link to Comment Say What Again
Say What Again's picture

The bernank is having a bunga party today -- $5+ Billion in QE

http://www.newyorkfed.org/markets/tot_operation_schedule.html

All that money is juicing EVERY "market" on the globe.

Fri, 05/17/2013 - 15:26 | Link to Comment Duffminster
Duffminster's picture

what day does the POMO money goes into stocks??? The operation date or the settlement date???

Fri, 05/17/2013 - 15:29 | Link to Comment Say What Again
Say What Again's picture

today -- can you say rehypothecation?

Fri, 05/17/2013 - 15:27 | Link to Comment Edward Fiatski
Edward Fiatski's picture

+1 on POMO spillover.

Fri, 05/17/2013 - 15:10 | Link to Comment falak pema
falak pema's picture

spelt farter land

Fri, 05/17/2013 - 15:29 | Link to Comment Pimp Juice
Pimp Juice's picture

Spate aber doch!

Fri, 05/17/2013 - 15:09 | Link to Comment ekm
ekm's picture

Deutsche Bank, mein herr.

 

Because they're the only ones buying Dax with Fed money.

 

Remember, they have a primary dealer arm.

Fri, 05/17/2013 - 15:40 | Link to Comment ekm
ekm's picture

 

If you buy a security to sell it to a greater fool, if there are no greater fools left, then you are the greater fool.

 

SETH KLARMAN

 

Fri, 05/17/2013 - 15:09 | Link to Comment falak pema
falak pema's picture

sieg heil !

I say it tongue in cheeeeeek.

Fri, 05/17/2013 - 15:10 | Link to Comment slaughterer
slaughterer's picture

Fat finger, oops.  Will correct the mistake soon.  Tut mir Leid.

Sat, 05/18/2013 - 05:32 | Link to Comment Bearwagon
Bearwagon's picture

Nein, es tut dir gar nich' leid!

Fri, 05/17/2013 - 15:09 | Link to Comment electricgorilla
electricgorilla's picture

How do you say BTFD in German

Fri, 05/17/2013 - 15:16 | Link to Comment Fuh Querada
Fuh Querada's picture

kauf die fickenden Rückschläge

Sat, 05/18/2013 - 05:35 | Link to Comment Bearwagon
Bearwagon's picture

kauf die beschissenen Rücksetzer (german swearwords being mostly fecal instead of sexual).

Fri, 05/17/2013 - 15:16 | Link to Comment sockratte
sockratte's picture

KDSR

Fri, 05/17/2013 - 15:09 | Link to Comment ThunderingTurd
ThunderingTurd's picture

WTF is going on???????????????????????????????????????????????????????????????????????????????

Fri, 05/17/2013 - 15:34 | Link to Comment negative rates
negative rates's picture

YOU ARE, and on, and on, and on...........

Fri, 05/17/2013 - 15:10 | Link to Comment Oligarch
Oligarch's picture

I went just long the dax before the ramp

Fri, 05/17/2013 - 15:10 | Link to Comment HD
HD's picture

Okay. Why not. So what happens after markets go parabolic?

Fri, 05/17/2013 - 15:12 | Link to Comment fonzannoon
fonzannoon's picture

we take a breather. Then wait for more hookers.

Fri, 05/17/2013 - 15:16 | Link to Comment HD
HD's picture

I can't find any examples where the markets don't crash. I'm sure I'm missing something...

Fri, 05/17/2013 - 15:17 | Link to Comment fonzannoon
fonzannoon's picture

HD check out my comment up to to Divided states.

As to where it ends, It does not seem like it ends well.

Fri, 05/17/2013 - 15:25 | Link to Comment HD
HD's picture

I see your point. You don't think that foreshadows an outright collapse?

Fri, 05/17/2013 - 15:28 | Link to Comment fonzannoon
fonzannoon's picture

That's what I am getting at. I see some point very soon where Abe tries very hard to jawbone the yen into settling down. That calms down both bond markets. If it gets away from him and JGB's continue to selloff hard then everyone is finally going to take it in the ass in their bond funds.

The amazing thing is that stupid ass CNBC and their great rotation may end up actually being right since scared money seems to be running to stocks.

Fri, 05/17/2013 - 15:10 | Link to Comment ebworthen
ebworthen's picture

Hot money fleeing the Southern periphery?

Fri, 05/17/2013 - 15:11 | Link to Comment PontifexMaximus
PontifexMaximus's picture

No, entering

Fri, 05/17/2013 - 15:10 | Link to Comment PontifexMaximus
PontifexMaximus's picture

Algos

Fri, 05/17/2013 - 15:11 | Link to Comment Headbanger
Headbanger's picture

With a rebel yell, she shouted MOAR, MOAR, MOAR...

MOAR! MOAR! MOAR!

http://www.youtube.com/watch?v=VdphvuyaV_I

Fri, 05/17/2013 - 15:10 | Link to Comment thismarketisrigged
thismarketisrigged's picture

i just laugh now.

 

look at the u.s ponzi scheme today. we have a flat day yesterday, considered a ''down '' day, and now we are fucking up triple digits on fucking shit.

 

this market never pulls back, keeps going up, and its gotten to the point where we should just laugh because the more it goes up, the more enjoyable the ride down will be.

 

i hope the dow finishes up 170 today, why not, if its going to finish fucking green every day, let it inflate into a more massive bubble. ill be pissed if the dow finishes up 70 today, i want 200 today, just to inflate this gigantic size bubble more and more, and i will laugh my ass off when all these traders and hedge fund fucks lose their shirts when this thing crashes so fucking fast.

 

fuck them all

Fri, 05/17/2013 - 15:14 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Tick tock, do the puppets in CONgress know who will buy treasuries to keep their asses employed?

http://www.marketwatch.com/investing/bond/10_year

Soverign debt must grow, that's how the ponzi works folks.

Fri, 05/17/2013 - 16:10 | Link to Comment ParkAveFlasher
ParkAveFlasher's picture
Willard drinks more of the LSD water. KURTZ (angrily) You could never figure it because it doesn't make sense. WILLARD Fuck no. KURTZ I'll tell you what makes sense ! Air strikes ! White Phosphorus ! Napalm ! We'll bomb the shit out of them if they don't do what we want. WILLARD We'll exterminate the fuckers !
Fri, 05/17/2013 - 15:11 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Just a "normal functioning market reflecting true price discovery", seriously though, what's the DAX short interest right now?

Fri, 05/17/2013 - 15:11 | Link to Comment mattdubz86
mattdubz86's picture

Thanks ZH for making me second guess the market the past 4 years!

Fri, 05/17/2013 - 15:12 | Link to Comment FJ
FJ's picture

Margin Calls for after hours Krauts.

Fri, 05/17/2013 - 15:12 | Link to Comment Cheater5
Cheater5's picture

Hmmm  looks like someone big got stopped out in a thin after hours trading.  Fat finger stop order maybe?

Fri, 05/17/2013 - 15:12 | Link to Comment FranSix
Fri, 05/17/2013 - 15:16 | Link to Comment LawsofPhysics
LawsofPhysics's picture

That does not make me feel better.

Fri, 05/17/2013 - 15:35 | Link to Comment AL_SWEARENGEN
AL_SWEARENGEN's picture

As I've stated before.  These central planning COCKSUCKERZ are over playing their hand.  Ramping equities while bashing precious metals in the face of ROBUST physical demand only displays their UTTER desperation to keep this paper ship from sinking.  To those not blinded and google-eyed by this fiat market ponzi nonsense, we await the horrible, inevitable outcome these ivy league bastards have engineered.  Only then will the sheep awaken to the fact that they have all along been standing in line for slaughter.

Fri, 05/17/2013 - 15:35 | Link to Comment RockyRacoon
RockyRacoon's picture

I'm diggin' the oil in gold chart: 

http://www.realterm.de/oil_lin.php

Fri, 05/17/2013 - 15:13 | Link to Comment madbraz
madbraz's picture

Good job, Bernank!  French bonds are a much better safe haven than ours:

 

french 10 and 30yr bond:  1.85%  and 2.87%

US 10 and 30yr bond:       1.95% and 3.17%

 

Italy's 30yr bond is at a record low 4.6%.  maybe it too will become a safe haven and yield less than our equivalent treasury.

 

What a bunch of retards we have in global power.  just like in the 1920s and 1930s.  

Fri, 05/17/2013 - 15:13 | Link to Comment ArmyofOne
ArmyofOne's picture

Does anyone have a parachute I can borrow?

Fri, 05/17/2013 - 15:37 | Link to Comment RockyRacoon
RockyRacoon's picture

Just use mine -- I never got on the plane.

Fri, 05/17/2013 - 15:16 | Link to Comment slaughterer
slaughterer's picture

Fucked up thing is that this historical moment happens in a dead low-vol. Friday AH market when all of the active traders are getting drunk in the West End of Frankfurt.  

Fri, 05/17/2013 - 17:05 | Link to Comment walküre
walküre's picture

There will be some explaining to do over the weekend and on Monday morning when market opens up much higher with a huge gap.

 

Fri, 05/17/2013 - 15:18 | Link to Comment markar
markar's picture

VXX looking better all the time. The only thing in this crazy market I'd consider pulling the trigger on 

Fri, 05/17/2013 - 15:19 | Link to Comment Panafrican Funk...
Panafrican Funktron Robot's picture

For some reason, whenever I see funky shit like this, the following song runs through my head:

http://www.youtube.com/watch?v=DOEIruwzf54

Fri, 05/17/2013 - 15:22 | Link to Comment timbo_em
timbo_em's picture

Maybe because Fitch downgraded Slovenia to BBB+ (outlook: negative)?! After all, it was news out of the eurozone and in the New Normal news is good news so this has to be para-bullish.

This is artist formerly known as market is getting totally ridiculous. I know, I said this quite often in the last 9 months...

Fri, 05/17/2013 - 15:21 | Link to Comment realtick
realtick's picture

i figured out the magic formula

Declining Growth + Steady Job Losses = Mega Bull Market

http://chartistfriendfrompittsburgh.blogspot.com/2013/05/declining-growt...

Fri, 05/17/2013 - 15:22 | Link to Comment pragmatic hobo
pragmatic hobo's picture

blow job, I mean blow-off ...

Fri, 05/17/2013 - 15:22 | Link to Comment ArmyofOne
ArmyofOne's picture

Does this mean the central banks are losing control.

Just saying.

Fri, 05/17/2013 - 15:23 | Link to Comment Bastiat
Bastiat's picture

It's anything-but-precious-metals time. 

Fri, 05/17/2013 - 15:39 | Link to Comment RockyRacoon
RockyRacoon's picture

...and the dyed-in-the-wool contrarians are out there buying it up as fast as possible.

Fri, 05/17/2013 - 15:23 | Link to Comment youngman
youngman's picture

Helps the "FAITH" part of the market doesn´t it with these kinds of moves..makes everyone feel safe and secure in the markets....

Fri, 05/17/2013 - 15:23 | Link to Comment W T F II
W T F II's picture

Dax now known as "GT3"...

Fri, 05/17/2013 - 15:25 | Link to Comment SDRII
SDRII's picture

FT says BIS warning about Qe (Yesterday) premised on diminshing returns?

Does the warning have something to do with the relentless gold selling?

"Central banks have had to "think outside the box" to address unprecedented financial instability and to provide monetary stimulus in trying times. Monetary accommodation has been critical to stabilise the financial system and the economy. But questions remain about the efficacy of such policies as long as balance sheets and structural headwinds are not more fully addressed. Monetary accommodation can only be as helpful as the balance sheet, fiscal and structural policies that accompany it. Looking ahead, central banks will continue to face daunting challenges as they navigate in uncharted waters, including how best to integrate new perspectives on the financial cycle and global spillovers into their monetary policy frameworks. "

2010 Portugal swap...

 

 

 

 

Fri, 05/17/2013 - 15:25 | Link to Comment mendigo
mendigo's picture

Bens going to have trouble jawboning that hard-on.

Fri, 05/17/2013 - 15:26 | Link to Comment B2u
Fri, 05/17/2013 - 15:27 | Link to Comment dot_bust
dot_bust's picture

And...say hello to hyperinflation because that's what this parabolic move up is showing. I strongly believe that we're on the verge of a global currency crisis. This insane move up in stock indices is the precursor.

Fri, 05/17/2013 - 15:41 | Link to Comment Bay of Pigs
Bay of Pigs's picture

As is the insane move down in gold and silver. Just like 2008, only worse.

 

Fri, 05/17/2013 - 16:26 | Link to Comment Quinvarius
Quinvarius's picture

Gold will take care of itself.  When they turn on the stock market, it will never survive the treatment the gold market is getting.  Can you imagine where the stock market would be if they decided to take it down like gold?  The stock market has no reality supporting it.  Well.  Just look at GDX or GDXJ.  That is where the rest of the market would be.

Fri, 05/17/2013 - 15:44 | Link to Comment fonzannoon
fonzannoon's picture

You are correct

Fri, 05/17/2013 - 15:28 | Link to Comment semperfi
semperfi's picture

Don't we have a low-profile emergency G7 meeting this weekend?  Perhaps those on the early release list are (were) trying to position themselves for something big?  Like, let's have some fun speculating:  Germany leaving the Euro ?  Germany finally signing on to full tilt money printing?

Fri, 05/17/2013 - 17:08 | Link to Comment walküre
walküre's picture

Spanish, French or Italian bank bail-in imminent? How much money was moved into the DAX on that ramp?

Fri, 05/17/2013 - 15:39 | Link to Comment Dr. Engali
Dr. Engali's picture

We are now a full 1000 pts. up on the S&P from the bottom at 666. These markets are beyond stupid. This looks every bit like a relentless short covering rally, but who in the hell is dumb enough to get in front of this thing to begin with?

Fri, 05/17/2013 - 15:32 | Link to Comment Frank N. Beans
Frank N. Beans's picture

bumsen Sie Sie, Bernanke!

Fri, 05/17/2013 - 15:36 | Link to Comment First There Is ...
First There Is A Mountain's picture

I give you 1000 points of debt infused hot air from the 666 lows. Congratulations Ben. Team America!!!!! FUCK YEAH!!! SPX 1700 by the end of next week. Nothing to see here. Just buy with both hands. Don't walk to your nearest broker - RUN!!!!!! The train for 2K is leaving the station. GET THE FUCK ON BOARD!!!

Fri, 05/17/2013 - 15:45 | Link to Comment q99x2
q99x2's picture

Rustle up some straight jackets got word Bernanke has been spotted down at the CVS red phone.

Fri, 05/17/2013 - 15:43 | Link to Comment Dr. Engali
Dr. Engali's picture

In the mean time the treasury knew about the IRS scandle in 2012. I'm telling you on the verge of something big. Shit is about to hit the fan.

 

 

http://www.nytimes.com/2013/05/18/us/politics/irs-scandal-congressional-...

 

false flag imminent?

Fri, 05/17/2013 - 15:44 | Link to Comment fonzannoon
fonzannoon's picture

it might be too late to create one. How long does it take to round up all those fake actors?

Fri, 05/17/2013 - 16:15 | Link to Comment ParkAveFlasher
ParkAveFlasher's picture

Denuded femur guy is probably still available, and his partner, calmly relaxing in the sun with shades guy, is probably available as well.

Feifdom I mean Freedom Tower just put up the spire.  Maybe the NWO false flag of the eons gets raised there.

Fri, 05/17/2013 - 15:45 | Link to Comment First There Is ...
First There Is A Mountain's picture

If market is ramping on fumes in tandem with a ramping DXY, what happens when dollar takes a dive like it usually does after these two weeks cycles? SPX 1800?

Fri, 05/17/2013 - 15:50 | Link to Comment freedogger
freedogger's picture

Shit, a real war must be imminent. Cue the Friday after the close bad news...

Fri, 05/17/2013 - 15:51 | Link to Comment debtor of last ...
debtor of last resort's picture

DAX is nothing more than the new Volkswagen. PeoplesCar. Did you got Daxed, back in 2013?

Buy The Fucking Dax

Fri, 05/17/2013 - 15:59 | Link to Comment JJ McApe
JJ McApe's picture

das habe wir nicht gewusst

Fri, 05/17/2013 - 16:03 | Link to Comment pq7
Fri, 05/17/2013 - 16:09 | Link to Comment Duffminster
Duffminster's picture

Still trying to get a clear answer.  Does the money from POMO enter the stock market on the day of the "operation" or on the "settlement day".  If anyone knows for certain I would be very grateful if you would let me know.  I wish Tyler would do more analysis on the correlation betweeen POMO and trading strategies.  It seems one of the only discernable data points that correlate in this illusion of a market!

Fri, 05/17/2013 - 16:09 | Link to Comment Quinvarius
Quinvarius's picture

The S&P going out at 1666 and a blow off in Europe are not at all a warning.

Fri, 05/17/2013 - 16:25 | Link to Comment ArmyofOne
ArmyofOne's picture

Cue the etrade baby. That Arian prick.

Fri, 05/17/2013 - 18:27 | Link to Comment neutrinoman
neutrinoman's picture

We're all going to die. Wait -- in the long run, we're all dead any way. I mean, we're all going to die prematurely, as we humans rush the automated machine-gun, death-dealing, dumb but lethal 'bots. It's the Western Front all over again.

Watching the 'bots trading this way is like watching a sports game played by a high speed, high volume, but not very smart team of desktop computers. They're easily fooled and manipulated -- but ZeroHedgers already knew that.

Fri, 05/17/2013 - 16:51 | Link to Comment MsCreant
MsCreant's picture

"Is Bernanke LBOing Germany?"

Is Tyler dyslexic?

Fri, 05/17/2013 - 17:35 | Link to Comment Downtoolong
Downtoolong's picture

We’re going to need a longer ruler.

Laszlo Birinyi

 

Sat, 05/18/2013 - 06:37 | Link to Comment jubber
jubber's picture

The one thing NOT mentioned here is that the DAX closed 4 1/2 houts earlier, it was NOT open....total insanity

Sat, 05/18/2013 - 06:44 | Link to Comment Modus
Modus's picture

@jubber: wrong. cash markets were closed but futures markets in europe are open till us cash markets close! check on eurex.com, it trades dax and euro stoxx futures (as well as bunds, etc)

so probably happened on just a few contracts traded with stops getting hit and volume briefly spiking. remember, this 9pm european time. cash markets are closed for some hours already and people are home, starting their weekend. nothing crazy here, just an illiquid market with stops getting triggered. happens often in fx between us close and asia open / asia close and european open...

so calm down u uninformed farmers from midland us. just stop trading financial markets if u dont understand them and do what u do best. watching tv, buying guns and hating ur government

 

stupid fucks

Sat, 05/18/2013 - 07:57 | Link to Comment jubber
jubber's picture

My point being exactly, while the US market was open the underlying GERMAN market was closed, I know the futures market was open obviously!

Sat, 05/18/2013 - 07:58 | Link to Comment Blind
Blind's picture

"HONG KONG, 18 May, 2013  – The Hong Kong Mercantile Exchange (HKMEx) announces today it has decided to voluntarily surrender the authorisation to provide automated trading services (“ATS”) granted by the Securities and Futures Commission (“the SFC”).

With immediate effect, no new orders may be placed and all open positions will be financially settled at the settlement price determined by HKMEx and its designated clearinghouse."

This is an outright default!! So someone is unwilling to make delivery? 

 

Sat, 05/18/2013 - 16:07 | Link to Comment Arthur
Arthur's picture

Germany is pulling out of the Euro.

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