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SSDD VIX FTW
It truly is a case of deja vu all over again... No matter how much the politicians try to make the public understand what a total disaster the US economy is about to become, someone somewhere feels the need to test the market at 330ET and then smash VIX lower levitating stocks into the close... smells like algos igniting momentum to enable blocks to exit to us... Welcome to our new "efficient" markets...
and what happened next... all the VIX ramp and cash equity close gains gone...
Do you feel used?
Chart: Bloomberg
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fair bit of selling AH now
The magic money machine is still cranked up to 11, and that's all that matters to these "markets."
http://dareconomics.wordpress.com/2013/10/02/around-the-globe-10-02-2013/
amazing what you can co in a corrupt system when you have a mob boss with a Heidelberg.
bang bang bang...they just want
"Do you feel used?"
I feel dirty...and I'm only watching.
Me too, like a cheap whore. Actually I'm not surprised, we do seem to just bend over and take it. Got vaseline?
yeah sometimes the markets call for some kind of hindu purification ceremony, puja or whatever they call it at the ashram...or, more to my liking, knock back a few beers on the back porch in the great outdoors and wonder why spend so much time front of the computer realm of fleeting reality..
When you only have one play in your play book, that's the play you run....especially when so many IPOs have to be priced after the close...
algos my ass...is Kevin Henry furloughed..?
I prefer Pai-Gow poker to Roulette, though the spinning wheel is fun to watch.
Today, anyone could have seen the market B.S. going on by simply watching the Russell via the IWM on a one minute chart. There, you saw repeated zero volume lifts, followed by distribution...over and over.
And if you had been paying close attention, you also know that blocks were dumped at 14:12. Oh, they did not show up on the tape until 14:24 [thanks for posting late, dark pool guys, making your selling look like buying].
If ever there was a reason to believe that the market is about to collapse, it was today's [and to some degree yesterday's] price action on the Russell that made the point quite clear.
Five years later, and the criminal syndicate known as Wall Street cannot find buyers for its inventory...save for Ben Bernanke, of course.
Thank you, Mr. Chairman, for entirely perverting markets everywhere...creating this financial wasteland in which we now all live.
+ 1 . zero volume lifts are quirk in the machine...they'll get it fixed for cosmetic purposes
Wall Street + Federal Reserve = Fukushima Financials, in other words the toxic Waste land. (with apologies to the Japanese citizens).
And as if to further make the point, a PM on The BlowHorn [CNBC] via the FastNanosecondMoney show is hawking "buy the all time high small caps."
These people, these "financial services" people in the US...they are a morally bankrupt people, destroying this nation, looting the US Treasury, destroying the very markets on which they depend. At some point, someone is going to realize...we need more prison space to accomodate them.
++ 1 .... you on a roll, Cdad !
This has been going on for years and years. The corrupt have always tried to sell to retail at tops. What hasn't been going on for years is the Fed back stopping every move down to the point that it's a one way market.
Someday this all ends in a crash of all crashes. Anyone who tells you differently is a liar.
Mortimer: Get those machines turned ON!...and SELL..SELL..SELL!!
"Do you feel used?"
Yes, everyday in the U.S.S.A.
ah, there is a pedantic and tedious sameness to the workings of corruption. how i grow weary of this.
Painting the closing tape is a classic market top signal.
It's just skynet. It's working, no one is going to fight it.
Total darkness is about to fall. The Banksters are assembling to prepare for the final harvest of taxpayers and retirees. Their French and Italian villas are purchased, their planes and yachts, their dependable Swiss accounts vested. Not long now. I am prepared.
Nothing more than shorts covering at the closed scared to death that some deal will be reached overnight, every night, and they'll wake up to /ES being +40. Whole reason mkt won't go down. There will be no default and market will party and rejoice when there isn't one. Simple.
there's no volatility to trade so you trade volatility instead