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Dead cats only wish they could bounce like that!
Now, will the next trick be "walking the dog" or "the sleeper?"
BTFD !! BTFD !!
Is it Tuesday already?? I lose track.
F*ck this market.
Non stop buying spree all day long - based on absolutely nothing - just sickening!!!
Any sane shorts (if still left in this market) must fill so powerless in front of freight train with Chair Satan and Friends
Cue the Prince video! "We're going to party like it's 1999"
Only thing is I don't know whether it's like June of 1999 right now or March of 2000. One thing I do know is that this stinks to high heaven. Oh, the 2nd thing I know is that it's very difficult to bet against the house.
Well, I can say for one I'm selling most of my longs today, keeping the shorts - haven't seen manipulation like today this in a long time, if ever. Something is wrong here.
Some fuckers know that something is going to happen tonite before Japan opens....
Yeah, I'm thinking that too, but can't tell if they're running the stops for a fall, or buying for a massive QE announcement.
Wrong as in playing in a rigged casino?
Is it just me or are we setting up for the biggest correction ever seen in history. No one on the both main and wall street is bearish and all I hear from everyone is that the economy is so strong and stocks can only go up. WTF is going on? Did I miss the free Koolaid?
Hahahahaha, no you missed the free lemonaide...
1 free water
2 packets of free sugar
2 slices of free lemon wedges...
I'm glad equity markets are not rigged like interest rates, and FX markets.
Ben, well played...squeeze
Should correct a little tomorrow if there is no EOD momo. But look at that Monday "wake-up" POMO. Monday is Benny on meth.
Yup dumped my puts late yesterday wasnt looking like a good idea when Asian markets were open, but now that looks like a great exit. I agree....dont reload on your shorts till monday afternoon.
From my chair, I think POMO is becoming less effective with evey day. The US is folllowing the Japanese up/down/up/down crash course. Remember, folks have been leaving the market since May 22. We really haven't had a correction that reflects that. Stay frosty.
It's called DESPAIR
Everybody is LEVERAGED LONG. There are no suckers.
From Seth Klarman's book, Margin of Safety:
"If you buy securities in order to sell them to a greater fool, if there are no greater fools remained, then you are the greater fool"
It's worse than that. Someone said enough is enough and absolutely froze the 10yr. It has been pegged down all day. These markets have gone full blown fascism...er
This whole thing about the yield is quite misleading.
The yield per se is irrelevant.
What is apocalyptic, are the interest rate swaps linked to the rates. High rates will blow up the swaps. There are 300-400 trillion of nominal derivatives linked to the rates.
That's what Kyle Bass said once about japan not being able to allow yield to rise since yen swaps will implode.
NOTE (i am not shouting): NOBODY IS TALKING ABOUT DERIVATIVES LINKED TO RATES. AS FAR AS I KNOW, THESE ONES ARE SETTLED MARK TO MARKET...........DAILY
you still think this big thing is imminent?
One of these days I may upscale my forecast from ....daily.....to hourly :)
It's imminent. It's handled day by day
Appreciated on the bolding actually, it really can't be overstated. I've had more than a few "bond nerds" tell me the US 10 year above 2.5% is a big fucking problem. This is playing into my thesis that any "taper" is going to structurally be a large drop in MBS and a non-trivial increase in UST. 65 billion = 55 billion in UST and 10 billion MBS.
I think they intend to implode it
BTFD? It's Baaaack!... For today.
No way, this time is DIFFERENT!!!
This "market" has some bulls and bears to shred before it makes it's move either way.....down.
This has got to be the most idiotic rally I have seen in a long time.
Almost no counter moves, simply floating slowly upwards...
After the Nikkei collapses 900 points the night before?
WTF.
Who has enough resouces to reverse a trend ?
Yesterday VIX rallies hard - ok, I get that. Overnight, the Nikkei collapses over 6%. Today, VIX gets slammed down and the DOW rallies over 200 from the lows.
Nothing to see here. Move along.
Simon Potter is on EST
The NiCKI waz up like 85% since q42012... no comparison either way to S&Flee up or down. It's basically irrelevant as JApan is in a further along stage of economic failure.
Not comparing the US to Japan.
I am pointing out that the third largest economy in the world has extreme chaotic liquidity flows to the downside in what can only be called PANIC, while the US stock market hums along like nothing has happen in the most perverse looking daily movement chart I have ever seen.
I can understand an up day, albeit I really have to stretch my imagination. I can't understand how there is absolutely no choppiness whatsoever. Looks utterly un-natural.
The odds of the move today happening at all have got to be out there. The odds happen after last night's event in Asia... I can't even comprehend.
Turbo Thursday. Cant wait for that last minute hot beef roid injection ramp.
Thursday is the new Tuesday.
Epic short squeeze. I think I saw a few guys jump out of their high rise corner offices today.
I wonder if we ever get wistleblower from BLS or other agency who will reveal that all numbers published by BLS were actualy BOGUS and manufactured by direct commands from TOTUS.
Reminds me of those days when the DoD used to report the VC death count.
According to the DoD cummulative figures the US had not only completely depopulated
Vietnam, but most of of SE Asia as well.
How quickly we forget that Govt. lie always as the default option..
They have unlimited money to buy stocks. That can only end when they own all the stocks, and then, they can just start buying them again.!
The end will come when the bond market revolts, or when interest rates rise or when gold flies or when people loose faith in the dollar.
All the above will happen, when, is the joker in the pack.
It looks like the start of a head and shoulders pattern, if you believe in chart analysis.
http://dareconomics.wordpress.com/2013/06/13/around-the-globe-06-13-2013...the laws of physics or economics don't belong here anymore :D
just a rigged casino game with the 1% insiders and 99% bagholders.
Eff it. Yo yo movements are good trading times. Go with it.
What sucks balls is the slow trickle up no volume moves.
"if you're long you're buying...if you're short you're borrowing." the Bankers own the latter class...but the former "are their own men" provided they're not levered to the hilt, are investing in instruments that are actually traded and have a 101 understanding of risk management (namely don't be 100 percent in equities...or, if failing that...don't be trading just one stock.) in other words "don't be Lehman Brothers." is this thing GOING to correct? mayyyyybe. Are treasuries GOING to rally from here? mayyyyybe. my view is STILL that there are a myriad of reasons for the equity average to hit a correction phase. i posited before bailing in February a "speculative blow off" and obviously in that Apple debt offering "i wasn't disappointed." but i scared myself when i said it...and i bailed. what's you're story?
RUT: in a universe of its own.
S-T-A-B-I-L-I-T-E-E-E-E!
this market is moving on absolutely no volume today.
only here in the u.s can asia have a massive selloff and the u.s still be up 1 plus percent on nothing whatsoever
"nothing" = $85B a month
IF ....... you believe their numbers.
I bet before it is all over with that we find out they were pumping a lot more than 85 bil a month in.
Maybe just my skeptical cynicism ...again
EVERYTHING is OK in intraday: bonds, Japan, commodities.
What happens tonight? Does the world let itself be conned by this 6.5 hours of fraud?
Yes
Goes to show what happens when Rupert goes back on the man market.
Get some of that ED medication stock while its cheap. Rupert is gonna corner it all unintentionally
Wait a minute. No one gets divorced at 84. What is the point? I call BS!
Me thinks Rupert has just found a way to pay less taxes (inheritance, etc)
up 300 points from last night, unreal
More up and down than a groom's prick
i think out of all the green days, this is by far the biggest fraudlent one.
its almost like bernanke and his fed pals are the only ones trading today and just continue to press buy buy buy.
at least on other green days, we have movement to the downside during the day before it goes back up. today, its like if u missed the 1st train ride, there is no other train to come back and get u. ur stranded for the day.
pathetic, but as usual, no one will question this shit except for zerohedgers.
I AM GOING TO SHORT THIS IDIOCY: STARTING ES 1632.
There it is.
I think we will still have another leg up to the 1670's but the end is close. I'll only get short when it breaks below 1600.
aportuguesetrader.wordpress.com
I commend your thought pattern. I like 1635 better; won't be doing it as am committed already; but I think you have the right idea.
Gold is soaring, so they had to stop printing, just shy of 1640
Beautiful, Thursday DOW was down 100 early then closes up 130. Today DOW was down 50 then blast off to close up 180.
C'mon jump in, the waters wet.
I wonder at what point the frequency become shorter with less amplitude?
Where's 08 and 09. Those were years too weren't they. Well they weren't for me but maybe they were for somebody else.
Buy the fuckin dip already.... It looks like they are starting to set the traps with cheese. After you kick yourself a few times for not btfd, and then decide to, the trap will spring, and quickly it will. Don't do it. The cheese is to be had AFTER the trap springs.