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Unlucky 21 As 3:30PM Ramp Proves Helpless To Preserve Streak
It's just not fair!! Today started off so well with Monday's late exuberance (which now looks like front-running the Tuesday gift) extending overnight through Asia and Europe and pushing beyond the open in the US. Then we started to fade - no news, no catalyst, just S&P futures tagged the ledge level from Friday's late dump. As the day progressed blame for the weakness in equities was put at Esther George's 'speechless' hawkishness - but Treasuries rallied on that weakness, hardly a sign of Taper concerns. We suspect the selloff was as much about the BoJ REIT-buying news as it was simply the retaliation of yesterday's bounce. Of course, 330 Ramp Capital played their part with some mild JPY weakness momentum ignition (and VIX was slammed), S&P futures scrambled up to VWAP - and stopped... This was the worst Tuesday in over six months... but as Maria B says "Anyway you look at it, this is a victory!"
The last 22 weeks of Tuesdays! It's over!
Will the Tuesday exuberance mean-revert?
Totally normal ramp to a totally human VWAP level... makes perfect sense... and from that point on it was all downhill!!!!
and in close up - nothing unusual here at all...
Credit markets had quite a day (major range and weakness)...
But elsewhere, asset classes were in general more subdued. Relative low ranges in FX markets...
The risk-asset proxy CONTEXT shows today's equity market movement was considerably more noisy than FX, rates, and commodities... the big shift occurred betwen US open and EU close once again...
It seems 3:30 PM Ramp Capital
is at least trying as the rumor is that the Tuesday Total Return Fund
has just been slammed with SAC-like redemption requests
Charts: Bloomberg and Capital Context
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But a little boy in the crowd said "But he has no clothes on!"
Whispers went through the crowd until everyone was proclaiming "The Fed Chairman has no clothes!"
The rest was history.
That "little boy" isn't Peter Schiff by chance?
Buy puts on JP Morgan - massive shooting star today. Turn their stock into gold for you: http://scharts.co/ZM269N
Haha, fuck your 21 day streak.
And I am NOT visiting a website with a domain of "scharts.com".
I am Chumbawamba.
you da man, chum
Reverse WHOIS: scharts.co WHOIS History: 6 records have been archived since 2012-05-29 . Reverse IP: 11,641 other sites hosted on this server.
Domain Name: SCHARTS.CO
Domain ID: D29768344-CO
Sponsoring Registrar: REGISTER.COM, INC.
Sponsoring Registrar IANA ID: 9
Registrar URL (registration services): www.register.com
Domain Status: clientTransferProhibited
Registrant ID: 1900387C8EDB3789
Registrant Name: Domain Discreet Privacy Service
Registrant Organization: ATTN: scharts.co
Registrant Address1: 12808 Gran Bay Pkwy
Registrant City: West Jacksonville
Registrant State/Province: FL
Registrant Postal Code: 32258
Registrant Country: United States
Registrant Country Code: US
Registrant Phone Number: +1.9027492701
http://scharts.co/ZM269N is just a shortened link to http://stockcharts.com/h-sc/ui?s=JPM&p=D&yr=0&mn=3&dy=0&id=p39406750656
And please, SHORT JPM.
Chumbawuma is obviously not a trader. That's ok, as long as he has silver and gold.
So many events in the news these days remind me of that story. Pompous asses everywhere, and at all levels.
Turbo Tuesday has been moved to Thursday this month.
We're doomed, doomed I tell you!
@Frastric
Cheer up. Yahoo Finance has a story about how America is still the world leader in income and housing. See? Everything's just fine and American Exceptionalism reigns supreme. Now, could you imagine what would happen if there were serious cracks in that facade....
20 plus hits on black in a row and Big Red shows up. Oh well, will double down next Tues
21 is a Fibnacci (that's how its spllledd drinking scotch!) number ya know.
Not only that... But 21 + 21 = FORTY TWO!!!
Need I say more!?
Just like Blackjack!! Busted!!
We can't have our 21st consecutive Tuesday gain? Exactly what sort of free market is this?
Stock market regime transition omen bitchez! When the frontrunning of another 19 bearish friday closes eclipses Tuesday.
Silly!
Thursday is the new Tuesday.
WTF kind of shit was that, near 200 point half hour swing in the DOW? Fucking ridiculous.
Syphilitic manic/depressive crazy diseased whore of a market.
Thanks a lot Ben, you fuckin DICK!
200 West needs that, otherwise no bonus and algos not working properly
Up-arrowed for the LongSoupLine-like effort.
HaHaHa! Tell us how you really feel SheepDog!! I love it- my sentiments exactly!!!
No worries...GS and JPM got the secret email from Fed that new POMO ramp day is Wednesday... just to teach the shorts a lesson.
Oh wait a mnute ..... maybe that email said Thursday... will have to check with Kevin Henry and get right back to you.
We needed some Tepper at 3:45, not this Taper talk...
"way off the lows"
BlowHorn
Monday front-run stole the thunder. Now the rest of the week is a mystery. Is the 1640 S&P resistance real, or is it memorex?
Cheer up lads! I'm sure a ton of college kids got summer jobs paying $8/hr which should make the algos go wild in a few days.
The kid with the "It's Tuesday" sweatshirt is Jonesing it right now.
You needed 20:20 hindsight to see that coming.
Lotta BTFD'ers out there applying Prep-H their their sore bums after that pounding.
Just another day of whoring for the Blowhornists over at CNBC though, their Holland Tunnel cornholes don't feel a thing by now.
Meredith Whitney just on there pumping BAC and the "recovery".
Looks like shes gone over to the Dark Side now too.
she went full retard wrong on Muni's years ago which was her "expertise" so we should definitely take her equity advice now
Munis haven't improved one bit. They're in more debt that ever. And California and the much trumpeted "surplus". Uh yeah, that obviously didn't materialize. *gap* Who could have seen it coming?
But a rising tide lifts all boats - however, some of those boats belong at the bottom of the sea.
Shit- this country is just circling the f'n drain. A turd circles the bowl the fastest just before it heads down the sewer.
In other news Abby Joseph Cohen says it's time to buy stocks.
She's joined the "don't fight the FED" crowd and is talking her book.
She wouldn't be appearing on CNBC and getting free publicity if she wasn't talking up BAC and the "recovery".
BAC should be at $3/share but they need more Mom and Pop investors to buy to dig them out of the tar pit they are in.
Look at the POMO schedule, Thursday is the new Tuesday.... We will run 20+ up thursdays now, dont want it to look rigged do we?
If that is true then yields just keep marching higher.
As usual everyone will be caught on the wrong side of everything.
Im definitely with Engvali and others, we will see 1.5 percent before we see 2.25 percent. I blows up somewhere in here. US T is still the worlds safe havent....
My guess is Japan shits the bed tonight, stress will start appearing in europe....
Good chance of some false flag event giving an excuse for a sell-off....
Europe by plan was supposed to make it until after the German election.... Dunno that they will.
Hard to see how the employment number will not be bullish..............
I can see 2.75% being contrarian to the point of stupid. But 2.25%? If we get a big payroll number Friday we can hit 2.25% right there and then.
Merkel has befelled kein stress until Oktober.
G20 meet in Moscow in September could well be a doozie.All sorts
of rumors flying around.October is the worst month for all
types of hurricanes.
If that's the case then why not buy REITs. Will benefit from rates lower and should withstand inflation spikes nicely. Better to own real estate of course if you can.
21 is the new 13.
'Til Tuesday - Voices Carry
http://www.youtube.com/watch?v=uejh-bHa4To (4:19)
+55 million. Great cut. Thanks man.
agreed. forgot how great that song speaks to insecure freaks.
fascinating to see that divergence between the euro close and the US afternoon "open." start the buying at the open in Japan...ramp that bad boy right up to eleven AM EST...and then bail? somebody's gettin' whacked here. still i'll believe in the bear case (if appears they have a new predator that has arrived...one that chases them into their den now) if and when this thing turns. i was just reading about Amazon's roll out of their "Amazon Fresh" concept which they've been working on for many years now. Never heard of it? Of course not! that would be someone in the world of financial journalism is doing their job! anywho here it is: https://www.google.com/#q=amazonfresh+expansion&source=univ&tbm=nws&tbo=... the idea of "these things are just lost leaders" show how nobody STILL understands new media, "driving traffic to your site," eyeballs, infotainment...the ignorance in this regard really is laughable. anywho "eggs and bacon...fresh from the farm."
Today was a Ben 'tapering experiment' I think....he's got to be in a cold sweat on the results.
c'mon man.....the market is not suppose to go down like a cheap hooker for a fin...
THIS IS FUCKING UNACCEPTABLE! GET ME THE POMO HOMOS!!!!!!!!
I thought for sure the bar chart of the tuesday returns would look like the fed giving me the finger.
All cheerleaders say stuff like this. Most of them wear tight outfits and shake their T&A at us too.
Come on Maria, stop being so lame and do the rest of your job. Do you want to end up like Kevin? We just fired that little SOB.
That broad is starting to look rough. She could get away with saying shit like that when she was in her prime, but these days it earns her a, "shut the fuck up, you cunt!"
It's not like even Amanda Drury would get me to buy stocks either.
Is Maria B. servicing the nomenklatura?
When you start to read articles like this on MW then you know the shit is about to hit the fan...
I have to say, despite knowing how “out there” by conventional means much of Marketwatch’s and my own readership is, I am shocked at the results of our poll yesterday in which we asked, “Is the entire stock market (and the system it supports) completely corrupted?”.
I take offense to the idea that any of us have “radical viewpoints” on the political system status quo when the political system status quo is in the strange state it is today, where it’s neither a democracy nor a republic nor an economy built on socialism, nor communism, nor capitalism as currently defined. Bombings and 60,000 page health-care legislation written by lobbyists and drones and wars and energy subsidies and bailouts and secrecy and whistle-blower-persecution and Too-Big-To-Prosecute, all of which are seemingly “normal” today could be considered “radical” by both liberal and conservatives if you think about it.
At any rate, here are the results from the poll. More than 1,300 of you answered and most of you, almost 9 out of 10 of respondents, agree that there’s no saving the system.
Is the entire stock market (and the system it supports) completely corrupted?
Total Voters: 1,356
This is the worst Tuesday I can ever remember.
What have they done to our Ben?
I fear he is at the mercy of men with bad intent.
Where's Bubbles Bernanke when we need him? Who does he think he is, letting us down like this! Of all the NERVE!
Why, if he lets up with the money printing, we might actually have to WORK for a living! We might have to actually PRODUCE something! We might have to do R&D! We might have to become more PRODUCTIVE or something!
Doesn't he know we have a RIGHT to free money? Doesn't have know it's our ENTITLEMENT? Doesn't he know we can't SURVIVE without endless free money?
Did Bubbles fall asleep in his helicopter or something? How DARE he! He should be ASHAMED of himself! Ugh!
http://youtu.be/nvWADo6KPzA
Tuesdays Gone - Skynyrd
We're getting close to that moment I've been waiting for. Market tanks badly, Fed whips out it's POMO cannon and..... *SPLUT* ...nothing.
Then what?
In the business I believe they call that, impomotent.
I see bad moon on the rise ...
lol tyler
So this is how it all ends then:
The entire globe hangs on a single button. One key... Hit it, and one more day of mocking absurdity. Decide to shut it down,,,and it All shuts down right along with it.
You know, this would have been the 21st Tuesday, right?
7 X 3 = 21
Can't have 777's for the retail crowd - might be too much of a giveaway about the true nature of the casino.
In my more innocent/ignorant days as a trader, this would probably have been the first day I had 'bet the Tuesday'. LOL!
Yeah. It died the minute it made the nightly network news.
Aimee Mann rocks!...thank you for the 'til Tuesday reminisce
Agree, but as the dude in the video says at the beginning, what is up with that funky hair job?
So the Tuesday Total Return Fund got SACked. Fine by me.
Maria BarterherArse to the highest bidder doesn't just swallow she gargles!
I used to think Catherine Zetta Jones had an edge over Maria, but after the news this past week I'm thinking Maria is the better horse So I'm cutting her a little slack at least until we find out she also gave some poor old dude throat cancer, and then all bets are off.