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Easy Come, Easy Go - Equities Turn Red

Tyler Durden's picture




 

There appears to be only three words that matter any more and they all begin with the letter 'T' - Tepper, Tuesdays, and Tapering. It seems today, the apparent start of Bernanke's gentle communication policy that he might possibly maybe one day will remove the punchbowl is being modestly priced out of stocks. The S&P and Nasdaq are now down 1% from post-Bernanke 'Moar' euphoria.

 

 

 

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Wed, 05/22/2013 - 13:49 | 3588616 NipponMarketBlog
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I'm guessing Kuroda-san is taking dilligent notes, and replacing all instances of "higher" with "lower", and all instances of "less" with "more".

 

http://nipponmarketblog.wordpress.com/

Wed, 05/22/2013 - 14:03 | 3588681 knukles
knukles's picture

So I gotta question for all you smart guys and gals....

Why are hedge funds so gloriously under-performing the S&P 500 so far this year... by about 10%age points, on average?
I mean, they got access to all the cheap money and aren't stuck in any one particular asset class and are the smartest fuckers in the room.

So what gives, eh?

When you act and talk as if you're God, then people expect God like returns.
Whazzamattah?

Wed, 05/22/2013 - 13:49 | 3588618 ArmyofOne
ArmyofOne's picture

BTFD

Wed, 05/22/2013 - 13:50 | 3588627 JJSF
JJSF's picture

Well said.

Wed, 05/22/2013 - 13:53 | 3588637 azzhatter
azzhatter's picture

Somebody just hang this fuckstick Bernanke and put us out of our misery

Wed, 05/22/2013 - 13:55 | 3588651 LawsofPhysics
LawsofPhysics's picture

Relax, the answer you seek can be found below, sovereign debt must increase, less the ponzi implodes.

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

 

Wed, 05/22/2013 - 14:07 | 3588695 disabledvet
disabledvet's picture

"buy on the rumor" (that was me pumping up everything as SA last night) "sell on the fact" (and here i am today talking about treasuries.) the magician is making you focus on the "item" and not what he's up to again. so it appears "he made all the money disappear" when in fact it's all their safe and sound. "these people are sharks"...you and i are not. unlike some who just wanna watch what certain people are up to these trading pros are really getting the hard data (in the case of SAC apparently to much so) and acting before you and i even walk out the door. now what's the bet on the close. i got my 25 cents from Chandler and that other guy who i don't know.

Wed, 05/22/2013 - 14:25 | 3588731 LawsofPhysics
LawsofPhysics's picture

It is what it is, no POMO on Friday, front-running the idiocracy remains the only game in town for the liuttle guys...

Wed, 05/22/2013 - 14:01 | 3588672 walküre
walküre's picture

It's sickening how apparent it has become that the world is hanging on to every word these clowns are uttering on a daily basis.

Who are they and why should we care? If we went back to sound money, none of this bullshit would bother us one bit.

They are killing us slowly with their parasitic life styles. I don't give a fuck about them anymore than I give a fuck about a North Korean dictator or Islamofascists killing each other over fucking texts, fables and fairy tales from the 7th century.

They can all rot in hell. The sooner the earth is purged from all this scum, the sooner can we go on with a progressive culture and spend our time alot more effectively.

Wed, 05/22/2013 - 14:13 | 3588721 Lore
Lore's picture

"Islamo-Fascist?"  I picture Mussolini in a turban, munching on a samosa.  Seriously, "Islamo-Fascist" is a Western media-propagated un-word.

Wed, 05/22/2013 - 14:20 | 3588770 walküre
walküre's picture

I know it is. Don't care what we call them. Freakin' idiots who kill each other over how they interpret a fairy tale.

From one fairy tale to another. The book of Jews is a fairy tale. Then there's the book of Christians and the book of Muslims. All freakin' idiots for standing still and holding on to fairy tales, visions and dreams from thousands or hundreds of years ago. Same for the other groups as well.

It's easy to deceive people. So fucking easy.

Thu, 05/23/2013 - 03:55 | 3591129 Lore
Lore's picture

I have to say that I agree with you. Religion is a tool, like GWOT or Agenda 21.  I like to think that humanity is reaching the saturation point for Big Lies.

Wed, 05/22/2013 - 20:32 | 3590003 MeelionDollerBogus
MeelionDollerBogus's picture

Right, because we all know once the BernanQE is gone no one will take his place to do the same x100.

Wed, 05/22/2013 - 14:53 | 3588938 Che Guevara is Dead
Che Guevara is Dead's picture

The solution is easy: Rename Wednesday "Tuesday." Thursday too. And Friday. Hell, make every day a Tuesday. The algos will go apeshit and Dow BAZILLION!

Wed, 05/22/2013 - 13:49 | 3588621 Chief Falling Knife
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No... Moar?!   But.. Please, sir.   http://www.youtube.com/watch?v=sZrgxHvNNUc

Wed, 05/22/2013 - 13:49 | 3588622 slaughterer
slaughterer's picture

Still have FOMC minutes to re-ignite the T-bull engine.  

Wed, 05/22/2013 - 13:55 | 3588652 augustusgloop
augustusgloop's picture

memorial day coming up. the guys that own the algos are firing up the helicoptors  and heading for the hamptons. for a market that is supposed to go up on "NEWS," good or bad, this is not a good sign. 

Wed, 05/22/2013 - 14:03 | 3588678 walküre
walküre's picture

Manipulators waited for the day of Ben's testimony in Congress to rally the markets. The vermin are selling into perceived strength to the greater fool.

SAME AS IT EVER WAS.

Nobody in their right mind is buying this fucking market and that's why it's failing AND falling.

Wed, 05/22/2013 - 15:40 | 3589155 Blano
Blano's picture

I bailed this morning.  Will revisit next week when I'm on vacation.

Wed, 05/22/2013 - 13:57 | 3588624 fonzannoon
fonzannoon's picture

thanks for the shout out earlier parkave flasher. Trap bitches.

and 30 seconds after i write this it's buy the fkin trap?

Wed, 05/22/2013 - 14:14 | 3588729 walküre
walküre's picture

Oil wasn't joining the up move earlier. That was a clue. Biggest commodity and most relevant bar none.

Oil = $ = global economy

Wed, 05/22/2013 - 14:22 | 3588774 ParkAveFlasher
ParkAveFlasher's picture

My "gtf outta gold, CNBC is screaming it's gonna BLOW!" buddy keeps IM'ing me.  He rotated three quarters of million dollars through the markets over his iPhone today to make around $6,000 before 10am.  He now wonders whether or not to jump back in.

This is a fella who recently shot a hole in his left hand when he held his pistol (in which he always keeps a round chambered) in his right hand and wondered how tight the trigger might be.

Not that I'm Aesop over here...

Wed, 05/22/2013 - 13:50 | 3588630 electricgorilla
electricgorilla's picture

Shakedown for anyone who tried to get cute a be long today. We rally hard into the close and end the day is my guess.

Wed, 05/22/2013 - 13:54 | 3588641 otto skorzeny
otto skorzeny's picture

Wait til the boys get back from 2-martinis-and-a-hooker lunch to reignite the rocket.

Wed, 05/22/2013 - 13:51 | 3588631 Political_Savage
Political_Savage's picture

What is going on!?!

I can't tell what's what, who said what, if there's tapering or not, which market will react to which statement... WTF!

Wed, 05/22/2013 - 13:51 | 3588632 Cursive
Cursive's picture

The real fun starts once 1660 is breached on a close to the downside.

Wed, 05/22/2013 - 14:14 | 3588734 walküre
walküre's picture

close to it

Wed, 05/22/2013 - 14:24 | 3588797 Cursive
Cursive's picture

@walkure

Damn I'm good.  Let's break it baby!  No break, and up we go....

Wed, 05/22/2013 - 14:29 | 3588832 walküre
walküre's picture

seems obvious that is their "Maginot Line" for the time being

good call

Wed, 05/22/2013 - 13:51 | 3588633 JenkinsLane
JenkinsLane's picture

Say it's ain't so Benny, say it ain't so!

Wed, 05/22/2013 - 13:52 | 3588635 rubearish10
rubearish10's picture

Red light ES means stop selling and BUY MOAR!

Wed, 05/22/2013 - 13:53 | 3588639 mattdubz86
mattdubz86's picture

BUY THE DIP BEFORE THE 330 RIP.

Wed, 05/22/2013 - 13:54 | 3588640 galis
Wed, 05/22/2013 - 14:10 | 3588718 alien-IQ
alien-IQ's picture

cue the worlds smallest violin....

Wed, 05/22/2013 - 14:22 | 3588793 ross81
ross81's picture

Then get Zionist troops out of Palestine, Afghanistan, Iraq, etc you dumb fuck

Wed, 05/22/2013 - 14:34 | 3588849 cro_maat
cro_maat's picture

I would like them out of our State Department and Congress

Wed, 05/22/2013 - 14:33 | 3588839 walküre
walküre's picture

this is more interesting

http://www.jpost.com/National-News/At-least-4-dead-in-ongoing-Beersheba-...

A gunman opened fire in a small Bank Hapoalim branch in Beersheba on Monday, killing four people before taking his own life.

The shooter, identified as 40-year-old Itamar Alon, had reportedly been turned down a day earlier by the bank when he tried to extend his credit line, because of a NIS 6,000 debt. After returning to the bank, he shot to death bank manager Avner Cohen and deputy manager Meir Zeitoun, shooting both multiple times before killing customers Anat Even-Haim and Idan Schnitzer Sabari.

something like chickens are back home and roosting or so ... almost "biblical"

Wed, 05/22/2013 - 13:54 | 3588647 LostPolarBear
LostPolarBear's picture

But at least the 10Y yield is now up to 2.04%, so we've got that going for us...

Wed, 05/22/2013 - 14:02 | 3588661 Headbanger
Headbanger's picture

OH NOOOOOOOO MISTER BILL!!

http://www.youtube.com/watch?v=k78TVkbrHHM

Do I see  R R R R R R R REDDDDD!!!????

The HORROR!!   The HORROR!

Wed, 05/22/2013 - 14:00 | 3588665 timbo_em
timbo_em's picture

POMO!!! ASAP!

Wed, 05/22/2013 - 14:03 | 3588679 slaughterer
slaughterer's picture

Nice big fat POMO tomorrow.  Bulls really do not need to worry about today's dip.  It is a BUY-

Wed, 05/22/2013 - 14:15 | 3588737 slightlyskeptical
slightlyskeptical's picture

POMO will fail tomorrow. A new paradigm has begun.

 

Wed, 05/22/2013 - 14:22 | 3588792 Rip van Wrinkle
Rip van Wrinkle's picture

Wish I had 10 bucks every time I'd heard that in the last 12 months!

Wed, 05/22/2013 - 14:10 | 3588677 Dr. Engali
Dr. Engali's picture

I'm guessing the ten year and the "strong dollar" is starting to weigh on what's left of the market. BTFD before the algos adjust.

Wed, 05/22/2013 - 14:03 | 3588680 Ban KKiller
Ban KKiller's picture

Caffeine jitters...go long. Our just head to the junk cart and grab a donut. Market closes up.

Wed, 05/22/2013 - 14:04 | 3588684 BlueStreet
BlueStreet's picture

When just about every other comment on ZH is BTFD it must be a top.  Never seen it here. 

Wed, 05/22/2013 - 14:08 | 3588703 slaughterer
slaughterer's picture

I am a BEAR.  But this dip is a clear BTFD.  Look at the POMO amount for tomorrow.

Wed, 05/22/2013 - 14:14 | 3588730 alien-IQ
alien-IQ's picture

the POMO pump will work...until it doesn't...and then...oh my...

remember, the function of the market is not to continually rise but rather to separate you from your money. when everyone is sure of something, it's time to step away.

Wed, 05/22/2013 - 14:27 | 3588817 LawsofPhysics
LawsofPhysics's picture

Funny, I thought the whole point of a market was to facilitate price discovery.  I mean, otherwise the consumer should just barter with the producer directly and CUT OUT THE FUCKING MIDDLEMAN.  Stupid fucks.

Wed, 05/22/2013 - 19:25 | 3589807 MeelionDollerBogus
MeelionDollerBogus's picture

Markets? Discovery? Next you'll be asking for ... (scoff) RULE OF LAW!!

bwahahahahahahaha

Wed, 05/22/2013 - 14:04 | 3588685 alien-IQ
alien-IQ's picture

sell-off seems to be accelerating now...i hope it lasts...

Wed, 05/22/2013 - 14:12 | 3588725 JJ McApe
JJ McApe's picture

but draghi said 3 times the crisis is over before lowering the rates to .5%

everything will be alright, right? youth unemployment of 55% in spain is not important to the economy. right?

AND SO IT BEGINS

Wed, 05/22/2013 - 14:17 | 3588743 orangegeek
orangegeek's picture

S&P500 hourly - nothing but up for the last 30 days.

 

http://bullandbearmash.com/chart/sp500-hourly-remains-well-above-channel...

 

If this is the top, this drop should accelerate over the next few days - hang onto those "worthless" puts.

Wed, 05/22/2013 - 14:17 | 3588753 MrNude
MrNude's picture

Let East Coast bang, Let West Coast bang. 

Wed, 05/22/2013 - 14:17 | 3588754 Dr. No
Dr. No's picture

Obama executive order:  Make every day Bull Tuesday!  Make everyday Tuesday!

Wed, 05/22/2013 - 14:18 | 3588761 alien-IQ
alien-IQ's picture

gold looking test 1350 soon. if that breaks, it could take a pretty nasty drop.

Wed, 05/22/2013 - 15:43 | 3589163 Panafrican Funk...
Panafrican Funktron Robot's picture

Would be consistent with FOFOA's stream of events.  Hoping for sub $1K, and idiots that will sell phys to me at that price.

Wed, 05/22/2013 - 14:20 | 3588767 slaughterer
slaughterer's picture

Buy SPY 167 W calls while they are on sale.  Expire tomorrow, low time decay, maximum bull leverage for BTFDers.  

Wed, 05/22/2013 - 14:54 | 3588942 Non Passaran
Non Passaran's picture

Thank you very much for that great advice, but I spent my available money last Friday on 2X bearish ETF's. So far, it's looking good...

Wed, 05/22/2013 - 14:26 | 3588805 walküre
walküre's picture

TOP IS IN

DWTS is over. Finale yesterday! That's it!

Psy performed. Best part of the show because he's just milking it for what it's worth and doesn't bullshit. The guy is ruthless and funny at the same time.

Wed, 05/22/2013 - 19:27 | 3589793 MeelionDollerBogus
MeelionDollerBogus's picture

Yup, top is in! I'm totally convinced.

http://flic.kr/p/enJ7Cs

Also, we want a shrubbery.

You know how some commenters seem not to see where "/sarc" could fit, and act as if it can't be real if it isn't right in their faces?

You ever wonder if the BernanQE shoves the market vertical up or down for the same reason as those who don't write /sarc because they shouldn't have to?

Wed, 05/22/2013 - 14:45 | 3588892 Village Smithy
Village Smithy's picture

I take exeption to the title of this post "Easy Come, Easy Go", these markets have cost a lot of people a lot of squeezed out short positions.

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