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Market Spikes On Report Stopgap Bill Discussed By Republicans

Tyler Durden's picture




 

Update Well, that didn't last long:

  • REID SAYS HE WOULDN'T ACCEPT ONE-WEEK CONTINUING RESOLUTION
  • US SENATE DEMOCRATS OPPOSE A POSSIBLE ONE-WEEK EMERGENCY SPENDING BILL IDEA BEING FLOATED-SEN. BAUCUS

Curious why the market just spiked? The reason: first Obama flip flops, now it is the republicans' turn to prove that all is fair in faux war and Congressional IMAX drama. Here's the headline that drove it.

  • SEN. REPUBLICANS SAID DISCUSSING 1-WEEK STOPGAP BILL: POLITICO

Can kicked for one more week: BTFATH. Now that Breaking Bad is over, perhaps it is time for Congress to hire Vince Gilligan to make this tragicomedy somewhat more believable.

 

well that didn't last long...

 

Charts: Bloomberg

 

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Mon, 09/30/2013 - 13:25 | 4006107 Dollar Bill Hiccup
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Wouldn't it be more interesting if it were Senate Democrats?

Mon, 09/30/2013 - 13:38 | 4006196 NotApplicable
NotApplicable's picture

Didn't last long? That was like an eternity to the algobots.

Mon, 09/30/2013 - 13:25 | 4006108 Petrus Romanus
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Shocking! How fucking stupid do they think people are? EVERYBODY knew this was complete HORSESHIT!

Mon, 09/30/2013 - 13:30 | 4006154 TruthInSunshine
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Just another day of bad Kabuki Theater in the never ending false left-right paradigm narrative that's shoveled like shit to the sheople.

Mon, 09/30/2013 - 13:33 | 4006176 McMolotov
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The term "banana republic" isn't cutting it anymore. We need to find a more retarded fruit.

Mon, 09/30/2013 - 13:36 | 4006193 old naughty
old naughty's picture

hiring VG, no way hosai,

bad chemistry...deadbeat.

Mon, 09/30/2013 - 13:38 | 4006201 ParkAveFlasher
ParkAveFlasher's picture

"kumquat democracy"

Mon, 09/30/2013 - 13:47 | 4006214 McMolotov
McMolotov's picture

Winner.

Edit: And speaking of retarded, I'm starting to think all the talk about America being "exceptional" is no different than telling a mentally handicapped person he or she is "special." America rides the short bus.

Mon, 09/30/2013 - 13:57 | 4006264 NotApplicable
NotApplicable's picture

A land where everyone is "above average."

Mon, 09/30/2013 - 14:05 | 4006304 Renewable Life
Renewable Life's picture

A land where everyone is "above average."

 

.........and taken care of from the craddle to the grave!

Mon, 09/30/2013 - 14:19 | 4006367 Xibalba
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pubic republic

Tue, 10/01/2013 - 07:36 | 4009036 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

Lake Woebegone

Mon, 09/30/2013 - 13:51 | 4006233 prains
prains's picture

Used Tampon Republic

 

bobbing on a sea of liquidity

Mon, 09/30/2013 - 13:40 | 4006203 malikai
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Durian Republic.

Mon, 09/30/2013 - 14:24 | 4006385 Herd Redirectio...
Herd Redirection Committee's picture

Obscure, but right on the money...  Had an ex who loved durian.  The stuff is not for me!

Mon, 09/30/2013 - 13:39 | 4006205 Dr. Engali
Dr. Engali's picture

How about a retarded horse?

 

http://www.youtube.com/watch?v=dyMXYE_50Ts

Mon, 09/30/2013 - 13:41 | 4006217 nugjuice
nugjuice's picture

These charts look wrong.

 

S&P hasn't been below 1681 since before 10:30.

Mon, 09/30/2013 - 13:42 | 4006220 Non Passaran
Non Passaran's picture

Ugli Fruit does it for me.
https://en.wikipedia.org/wiki/Ugli_fruit

Mon, 09/30/2013 - 13:34 | 4006180 The Thunder Child
The Thunder Child's picture

Amen reverend!

Insiders are selling into these jawboned spikes.

Mon, 09/30/2013 - 13:37 | 4006195 climber
climber's picture

this is so fucking stupid. jesus christ. a week from now its gonna be the same thing. then they'll have the same debate with a million pissed off truckers in DC. 

Mon, 09/30/2013 - 13:53 | 4006238 freewolf7
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What do you call a million pissed off truckers in DC?
A good start.

Mon, 09/30/2013 - 13:32 | 4006160 xtop23
xtop23's picture

Going to be a whipsaw day back n forth. I'd be amazed if a deal was struck, there is lots more money to be made by slamming the market up and down for the next few days.

Mon, 09/30/2013 - 14:12 | 4006328 Professor Fate
Professor Fate's picture

One layer of bullshit after another.  The Bullshit time line. 

Obama excretes huge pile of Bullshit.  Calls it Obamacare
Pelosi adds small layer of steaming Bullshit on top.  Says we have to "pass this Bullshit" to see what's really in the Bullshit.
Due to the magnitude of the Bullshit, many large corporarions are given a "Get out of Bullshit FREE" card courtesy of the original excreter.
Cruz says, "This is simply too much Bullshit to comprehend"  Wants to expose the bullshit with incredible Bullshit eradicating speech.
Reid says, "No way".  "This is non-negotiable Bullshit and the pile is now officially "Law of the Land Bullshit".  Besides, I too have a Get Out of Bullshit card"
AFL-CIO says "We are known experts on Bullshit layering and this is Real McCoy genuine outhouse bullshit"  Killing jobs.  Even we want out."
Obama and Reid ignore bullshit unions.  Say, "You supported it.  Now you own the steaming pile along with us."
Obama now trying to save his only presidential accomplishment...an enormous pile of steamy Bullshit.  Calls Hollywood Bullshit artists to join "Save the Bullshit" fray.
Rhinos now asking Demoncrats to give up their Get Out of Bullshit FREE pass.  Then, everything is OK!

Fate the Magnificent
"Push the Button, Max"
   

Mon, 09/30/2013 - 13:25 | 4006110 Enslavethechild...
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Is this going to be like the O.J.Simpson trial?

Mon, 09/30/2013 - 13:26 | 4006129 Grande Tetons
Grande Tetons's picture

With justice being served. Yes! Just like that. 

Mon, 09/30/2013 - 13:27 | 4006136 FoeHammer
FoeHammer's picture

Gonna be like the Corzine trial, for sure.

Mon, 09/30/2013 - 13:24 | 4006111 slaughterer
slaughterer's picture

1-week stopgap bill will not pass: perfect short entry for overnight.

Mon, 09/30/2013 - 13:25 | 4006118 ParkAveFlasher
ParkAveFlasher's picture

IT'S A TRAP!

Mon, 09/30/2013 - 13:38 | 4006194 kralizec
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Yes.  it is all designed to allow the lights to come on for all the O'DumbassCare Exchanges to go live 10/1 and make the narrative against either the defund provision or (especially) the 1-year moratorium provision in the Houise bill to be stomped down by the Democrat-Media Complex.

If the House blinks and buys this scam, the battle over O'DumbassCare is over.

Mon, 09/30/2013 - 13:25 | 4006122 Grande Tetons
Grande Tetons's picture

The whole broken down system is one big mother fucking can.  

Mon, 09/30/2013 - 13:25 | 4006123 Smiley
Smiley's picture

We wouldn't have ANY of this BS to deal with if Congress would simply pass a budget instead all these stupid stop-gap increases.

Mon, 09/30/2013 - 13:27 | 4006124 One And Only
One And Only's picture

 

Thank god. My daily excursions to national parks won't be sullied

Mon, 09/30/2013 - 14:16 | 4006335 Renewable Life
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You know, National Parks didn't used to have budgets, Teddy made them protected land and called them National treasures (Parks) that were open for anyone to visit and camp at, etc, and that was good, then some dumbass government employee said, lets start making people pay, then we'll need some staff to take the money, then we'll need some fucking staff to count the money, then we'll need some fucking staff to manage the staff that count the money and take the money, .................and 75 fucking years later, these dumbfucks have created a billion + a year expense to the taxpayers AND WE STILL HAVE TO PAY TO GO ONTO OUR OWN FUCKING LAND!!!!!!!!!

Kenyesian Economics at it finest!!!!!

Mon, 09/30/2013 - 13:27 | 4006126 John McCloy
John McCloy's picture

Groundhog Day..
We have all seen this movie hundreds of times in the past 5 years...nobody gives a fuck anymore we all know how it ends..nobody here doubted how it would end and that the cash will flow and debt will increase..difference being not even a fraction of the public is fooled anymore by these theatrics.

Mon, 09/30/2013 - 14:28 | 4006416 Herd Redirectio...
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Obligatory: The spice must flow!

Mon, 09/30/2013 - 13:27 | 4006132 Cursive
Cursive's picture

But...but...we Amerikans are so different from the planned economies of the Soviet Bloc....

Mon, 09/30/2013 - 13:28 | 4006134 earnyermoney
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Tag team effort to maximize portfolio profits.

 

Short positions put in place prior to Red Team announcement in the House then place long positions prior to Red Team announcement in the Senate.

Look for booze and hookers on those under ground trolly's to the from the Senate/House office buildings and the Capitol.

Mon, 09/30/2013 - 13:30 | 4006144 SheepDog-One
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'Stop-gap'....LOOK everyone! We found another finger to stick in the dyke!

Mon, 09/30/2013 - 13:30 | 4006156 goldenbuddha454
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You shouldn't say things like that about big sis, besides she's retired.

Mon, 09/30/2013 - 13:36 | 4006186 sbenard
sbenard's picture

...and another can to kick!

Mon, 09/30/2013 - 13:31 | 4006153 sbenard
sbenard's picture

I'd rather they demonstrated a spine for once and shut it down!

Mon, 09/30/2013 - 13:30 | 4006157 lolmao500
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And thank god insider trading is not illegal for congress! I mean, they could have lost a few tens of thousands $$ profits right there.

Mon, 09/30/2013 - 13:31 | 4006159 Winston Churchill
Winston Churchill's picture

This is like the French army trying to surrender to the Italians.

Mon, 09/30/2013 - 13:36 | 4006188 Bam_Man
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And both sides decide to have lunch first.

Mon, 09/30/2013 - 14:07 | 4006317 prains
prains's picture

This is like the French army trying to surrender to the Italians.

 

with the Romanians in charge 

Mon, 09/30/2013 - 13:31 | 4006161 insanelysane
insanelysane's picture

Is it too late to cancel my order for the "I survived a government shutdown" t-shirt?

Mon, 09/30/2013 - 13:32 | 4006164 SheepDog-One
SheepDog-One's picture

Kabuki theatrics. 

Mon, 09/30/2013 - 13:32 | 4006166 pods
pods's picture

The first bar on the rise and the first on the fall were when CONgress got in and out on a juicy trade.

pods

Mon, 09/30/2013 - 13:33 | 4006167 kralizec
kralizec's picture

Take your week and stuff it!

Idiots!

 

Mon, 09/30/2013 - 13:33 | 4006168 razorthin
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These fucking coward politicians are so afraid of red arrows.  Like they aren't able to front-run anyway.  They are just making sure the inevitable wipe out is that much deeper for the sheeple.

Mon, 09/30/2013 - 13:33 | 4006170 TrustWho
TrustWho's picture

Senator Ted Cruz is NOT negotiating a stop gap measure. Let me guess which senator repubs have no spine....

Mon, 09/30/2013 - 13:34 | 4006173 Dr. No
Dr. No's picture

A Repub leaked this so He could sell his position in prep for the crash when it is denied.  Insider trading for you and me, but business as usual for Congress.

Mon, 09/30/2013 - 13:35 | 4006178 JJ McApe
JJ McApe's picture

The robo traders just made another billion in a few seconds. First the tapir now the shutdown.

What a farce !

Mon, 09/30/2013 - 13:34 | 4006181 Max Damage
Max Damage's picture

The whole charade is fuckin pathetic

Mon, 09/30/2013 - 13:37 | 4006190 insanelysane
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Like was said by many in an earlier post today, neither side can risk shutting the bitch down, because all of those dreaded consequences that we have been told about, don't exist, and the sheeple need to have "fear" to stay in line with the authori-ties.

Mon, 09/30/2013 - 13:38 | 4006192 Peter Pan
Peter Pan's picture

I know we have a down button and an up button, but can we have a puke button? Their ongoing behaviour is nothing short of sickening on both sides.

Mon, 09/30/2013 - 13:38 | 4006200 SheepDog-One
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Release of headline dismissing the above headline in 5....4....3...

Mon, 09/30/2013 - 13:40 | 4006202 kurzdump
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There are no negotiations or whatsoever - they already know if .GOV is being shutted down or not.

Some people already know it, some will be informed quite soon and we will know it at the very end.

Mon, 09/30/2013 - 13:41 | 4006213 Dr. Engali
Dr. Engali's picture

Did everybody get a chance to buy that dip?

Mon, 09/30/2013 - 13:45 | 4006224 SheepDog-One
SheepDog-One's picture

I wouldn't touch this clownshow with YOUR money Dr.Engali, but hey knock yourself out grabbing the 'free money' all you like.

Mon, 09/30/2013 - 13:42 | 4006221 Quinvarius
Quinvarius's picture

Who is actually making trades based on this stupidity?  Every day I have less and less respect for professional money mangers.

Mon, 09/30/2013 - 13:46 | 4006231 Non Passaran
Non Passaran's picture

And PM's are naturally in red as one would expect when government debt is about to hit an all time high.

Mon, 09/30/2013 - 13:56 | 4006267 RealityCheque
RealityCheque's picture

And these are actual adults. Mystifying how they are all toilet trained as well. 

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