This page has been archived and commenting is disabled.
And Another Vertical Stock Ramp
Update: we have isolated the reason for the ramp. The latest stop hunt in the Stalingrad & Poorski 471 is attributed to the Chinese finance minister Lou who said that China H1 growth will be slower than 7.7%. Remember: the faster the global economy goes to hell in a handbasket, the faster global equities hit infinity.
* * *
Whoever said perfectly broken and centrally-planned markets were boring.
In this space we would normally insert a chart of the S&P500 here but that would just be waste of NSA spy server space: just imagine a flat line and then a sudden vertical spike higher to new all time record highs on absolutely no news.
Some attribute the rapid move to a rumor that Hilsenrath will release an article explaining what Hilsenrath said on TV earlier today. Most, however, just don't care anymore.
What is there to comment: the house of cards will keep rising until there is a gust of wind.
- 8685 reads
- Printer-friendly version
- Send to friend
- advertisements -


Thanks to Bubble Bernanke and the Fed.
At some point, the assisted vertical erection will last longer than 4 hours, and then the trouble will really begin....
ori
Hopefully it was that gigantic short position flushing out that did not allow the stock market to have any pullbacks today (even after Hilsenrath confirmed Bernanke did not say anything new yesterday).
There is NO way a short can hold onto a position overnight with the FED printing and interferring. It's suicide. I hear bond shorts got blown up last night due to the Chairsatan. I guess some of them are now pissed. the FED IS the stock market, they have cornered it. Only the FX and bond markets have enough sense and balls to stop the madness.
How do bond "vigilantes" fight the printing press and the bond monetizing FED?
Those guys have been in cement shoes and on the ocean floor for years now, haven't they?
I bought $120 worth of (Russell 2000) IWM puts at 2:35pm. Jul 20 101 puts. It may go to zero or to hero I don't know. It's not a lot of money but the odds are increasing that we could get an overnight (or day) flash crash.
http://stockcharts.com/h-sc/ui?s=$RUT&p=D&yr=0&mn=3&dy=0&id=p11966684246
And not just the US market, Europe too. But I would bet the whole thing is so liquid, that gigantic stop that was taken out now was like sub 100 contracts (if they even need 1 contract to move the needle).
Look at ES, volume on this pop was larger than the opening volume (usually the highest for a trading day) -- some major stops were just taken out.
Yes, that would be stop run #2, #1 was yesterday. May be exciting tomorrow.
I hope nobody here is shorting any indices. They are all relentlessly climbing without let-up or cover opportunity.
Blow-off-tops come down just as fast or faster than they went up. Seems like everyone but a few stragglers are on the long side. What happens to a ship when everyone is on one side? At some point the big boys will reap the harvest and take everybody's money except for the stragglers who are opportunists.
Maybe I'm totally wrong... I don't know... but this market is destined for a heart attack.
Indeed we should be thankful to whatever props up the markets and increases the profits of those of us who follow trends and are long in the market, as well as do those whose 401Ks are up very nicely.
With all due respect to ZH, all that electronic ink that has been spilled on the site for 5 years now, hoping to see the markets crash along with the US economy, none of that has happened and hopefully will not in any substantial way.
Just wake up and stop expecting a 2008-9 repeat. Been there, done that. Make money by following trends and not by waiting for a Black Swan event. That's not a way to profit from Investing.
I love the smell of napalm in the morning.
Someday, QE is gonna end.
The Fed QE won't end unless their forced to end it.
I watched a frumpy bearded jewish guy crawl along the edge of a straight razor. That's my dream; that's my nightmare. Crawling, slithering, along the edge of a straight razor... and being sliced in half.
Ha!
I'm in graph withdrawal! Where's my graph?
Post some just for fun, even unrelated, to overload the NSA servers -- not spare them.
Here here,
I like your thinking, hows about, if enough of us were to say send back and forth an image of a bernanke likness sucking a 2 foot horse dong?
Like Tyler said...we're beyond caring
Wake me up when the S&P hits 10,000
at this pace, next week sounds about right
i cant even imagine how big the ramp will be at 330 like usual.
dow 15,500 and s&p 1700 by days end? with these criminals anything is possible.
i think the rumor that sent stocks up was that the sun is going to come up tomm. trying to confirm though.
dont worry, we should see a pullback tomm, maybe shave 20 pts off the dow and 2 pts off the s&p of course before ramping next week up to the 16,000 on dow and 1800 s&p
QE is not going to end. They will shovel trillions more in for years to come. Oh sure, we'll get the occasional replay of two weeks ago - big fucking deal, just BTFD. If they genuinely stop, or even indicate that they will for sure, the markets will melt down and burn through the earth's core like a shaped charge. It will make the last one look like a wet fart.They know it.
By the end of this decade, we will have Dow 30,000. And I'm not even joking. When you see the S&P go vertical on...nothing, you know it makes sense.
Trade of the next ten years? Gold and go long stocks. Walk away.Gold's correction will be over by the end of the summer, then I am filling every fucking bucket, bag and box I can get my hands on.
To those of you shovelling money into shorts expecting a zerohedge collapse, you're pissing your money away. IT'S NOT GOING TO HAPPEN. DON'T YOU GET IT YET?
"to new all time record highs on absolutely no news. "
No news that YOU are aware of. Not "no news." There is a difference. Somebody got a tap on the shoulder.
No news? C'mon. The cable news channels can't stop "reporting" on Zimmerman. They must actually want to incite race riots on verdict. More news to cover, eh?
CNBC headline:
Surprise - huge budget SURPLUS
Should be good for 1000 points in the next 24 hours.
I feel like I am in a science fiction movie watching AMZN cross $300 with no earnings whatsoever.
Shows how well The Bernanke can blow.
Greenspan could only blow one bubble at a time. First the dotcom bubble, then the housing bubble. It looks like Ben is going to reblow both bubbles at the same time.
Unicorn shit makes markets grow...really really big.
Fuck You Bernanke..you corporate assplug.
RIPS
So we are operating on the premise that Bernanke knew the impact that his prepared answers to his pre-prepared, planted questions would have on stocks, correct? With that stipulated, must it be the case that Bernanke's got this shit so tightly wired that it is impossible for the market to crash?
22222222222222222222222222222222222222222222222222
Phil Collins - "I Don't Care Anymore"
http://www.youtube.com/watch?v=2dEz2aBAx6I
Pretty much sums it up....
well lets see... we've got a treasury bubble, a high yield bubble, corporate debt bubble, and adding a stock bubble...
awesome... this should turn out well.
Some gusts of wind can be very violent and arrive without warning....
If it's worth anything, I trade Vix futures and spreads, and they ain't buyin' it...
Until the FRBNY trading desk unleashes a massive VOL dump at 3:30 PM EDT.
Everything I am seeing in the Vix says vol isn't being sold here. But who knows what the next half hour will bring.
Wish silver and gold would wake up to at least some of this.
If the thought of any negative fed action was bad, it will be even worse when the DOW is at 20,000 or 30,000.
Like a run-away train now.
No news is good news, bad news is good news, and good news is good news....it's all good. Just BTFD!
I am probably going to start dumping all my bonds for clients and add to whatever equity positions my clients were lucky enough to have. Same thing with cash. Wtf am I fighting against this for? If it breaks, it's going to break on such an epic scale that it won't matter anyway. Might as well ride the wave.
Everyone is now thinking the same thing. Unlimited QE for years.
The way I see it is if he doesn't say anything to derail this pig at the next meeting then we ride this until it blow up.
He is not going to say anything to congress. He is going to show up, unzip his pants, and let them all fight to yank his crank for 4 hours.
The last 12 days on the NASDAQ100 have been an "intraday step function".
The charts have gone "digital".
Add it to the pending shit show.
how come these HF are so useless and can't benefit from these verticals that are practically pre-anounced by Ben himself.
When you have ZIRP funding And Ben trumpeting how can you lose?
These HFs must be run by the TDs of this world; totally disconnected to BTFD!!
Even a dumbass can make money on CP plays.
Ever see Zimbabwe's stawk market ramp?
Benny and the Injets at the Fed liked Zimbabwe's stock market action and want to emulate it.
P
Can somebody show me the exact words where Bernanke promised he wouldn't taper? I can't find them. I know he said the Fed will be accommodative for the foreseeable future, but they already explained that is how tapering will happen. I can't believe the markets are rallying on such an inane comment...
"Can somebody show me the exact words where Bernanke promised he wouldn't taper? I can't find them"
Because he did not say them. He said, "I am going to taper, because I have to...and I will point this loaded gun right at your head while I attempt to do it. If you try to front run me by selling I will blow your brains out."
He did not promise not to taper. In fact, taper is on. Unless the shit hits the fan and taper is delayed.
Its ZIRP that is 4eva. Peeps were nervous that ZIRP was on the block. Like A, then B.
Strange how the inane can dovetail perfectly with the insane.
How does Ben get the smoke back into the bong? He simply inhales.
Is his facial hair really there to cover those bong-stained lips of his?
Wow, Shock, Awe...send in the drones
Japan might have a tough day. That U.S. 30 year auction looked weak, so the Japs aren't piling out of long yen positions. The Nikkei isn't going to like the yen strength over the last few days. (assuming there's one iota of sanity left in the markets)
How can you tell the Fed has lost control?
When gold goes up with everything else
Bernanke and the Fed are saying make this stock market climb epic. Zimbabwe or bust!!!!
Egypt has less than 2 months imported wheat left: Ex-minister
http://english.ahram.org.eg/NewsContent/3/12/76232/Business/Economy/Egypt-has-less-than--months-imported-wheat-left-Ex.aspx
There is some extra Frankenwheat in Oregon that can be shipped in vacuum containers as early as tomorrow.
Will be of mild interest, but boring, to see if they ramp one more time the usual 3:19:59 as they do every day. Even if it's already ramped to 150? Big Boyz just can't lose on this one.
Yup, Binny's free, no risk bucks, do it again. I set my watch by the ramp by the way.
oh just a cuple more pips on sp and we gonna see all time hige (again). i gues its must a good thing that macro dont count in a free market.
too bad that ben didnt sing this song yesterday
http://www.youtube.com/watch?v=mWTRWhv0Fa0
The Death of Apathy!
Dear Ben,
Thanks for all your help in perpetrating the stock market wealth effect. It has been so beneficial to me that I feel I don’t need to take risk chasing yield anymore. So, I just moved all my investments into gold, short term bonds, and other safe investments for the long haul. I’m sure you can see the logic in this strategy and trust it was part of your plan all al……….
Ben, what’s the matter? Why are you crying? This is great news for me.
"The nature of the bubble is that eventually it will be pricked, and then as with a child's balloon the air may escape sharply". Charles P. Kindleberger
They have to know what they are doing...and in knowing such...know they cannot stop.....
I believe that's just a run at ZH reader stops. Very profitable for Goldman which yet again brings up the prospect that ZH is actually run by a Goldman proxy.
Gee, sounds as though someone's vtal signs ain't lookin' so good, huh? Hope they die soon.
Definition of "Blow Off Top" > Ref; Week of July 8-12-2013, ES and DOW charts...
Tnx Tyler for the article's humour..
Between that one and today's Max Keiser..
Good chuckles..
On another note, looks like market can now do it's appropiate pull back..
And the army of spin doctors, er, excuse writers, can go to work now..